The House and Senate are scheduled to vote on their respective budget resolutions this week. The Budget Committees of both chambers largely adopted President Obama’s record-shattering $3.6 trillion budget proposal in tact. That’s why I urgently need you to tell your elected officials to save this country and each and every one of us from financial ruin by voting NO on the budget.
As reported by the Washington Post, President Obama is right now marshalling his grassroots network of campaign supporters to ram through Congress with little debate the far-reaching changes to our nation’s healthcare, energy, and education systems contained in his budget.
We must counter their efforts before they bankrupt this country and set America on a path to becoming a social welfare state. That’s why your Senators and Representative urgently need to hear from you today!
President Obama’s budget would raise income taxes on individuals and small businesses by $636 billion over 10 years. It creates a $634 billion “reserve fund” for nationalizing healthcare that would be paid for with a combination of tax increases and cuts to Medicare and Medicaid. His budget would also impose a “light bulb tax” on all Americans by implementing a cap-and-trade energy policy, where companies would have to pay the federal government to use oil, natural gas, and other fossil fuels. That tax alone could cost American families as much as $3,100 per year in higher prices for electricity, gasoline, and other products and services.
Not only would these tax increases further drain American families and businesses of income during the recession, they will stifle economic growth, just when our elected leaders should be enacting policies to promote it!
This massive $3.6 trillion budget proposal comes on top of the $787 billion “economic stimulus” package; $410 billion fiscal 2009 omnibus spending bill that was loaded with more than 8,000 earmarks; and the $700 billion bailout of Wall Street, Detroit automakers, and homeowners who took out mortgages they can’t afford.
The nonpartisan Congressional Budget Office (CBO) has predicted that the Obama budget will push the federal deficit to a mind-numbing $1.85 trillion this year and pile up $9.3 trillion in deficits over the next decade, on top of the existing $11 trillion national debt! CBO called these deficits, which would never fall below 4 percent of our economy’s gross domestic product, “unsustainable.”
Friend, please tell your U.S. Senators and Representative today to reject the Senate and House budget resolutions.
Related Reading:
Department of State fiscal year 2003 budget priorities: hearing before the Committee on the Budget, House of RepresentativesOCLC Number: (OCoLC)50630640 Excerpt: ...ls we can give them, then we owe the same thing to the wonderful men and women of the Foreign Service, the Civil Service, and the Foreign Service nationals, who are in the front line of combat in this new world.' The Congress responded with an increase of nearly 6 percent in the overall State Department budget. This year there are added stresses and increased pressures from the war on terrorism generally and the war in Afghanistan. A number of longstanding foreign policy challenges remain--the escalation of the Palestinian-Israeli conflict, and its potential for destabilizing the entire Middle East region and the tensions between Pakistan and India for example. In addition, recent public opinion surveys of the Muslim world suggest growing anti-American sentiment in Islamic nations. This particularly concerns me in Southeastern Asian nations with significant Muslim populations, such as Indonesia, Malaysia and the Philippines, and suggests they may require greater assistance, and more intense engagement to encourage them in their efforts to combat terrorism. I agree with you Secretary Powell, that our diplomacy is an important weapon in the war on terrorism and that we must keep our diplomatic ``forces' if you will, motivated, well equipped, well trained and prepared to do the job the Nation asks of them. The Bush administration's fiscal year 2002 State Department budget requested a total of $1.3 billion for embassy security and worldwide security upgrades. The House concurred; the Senate passed a total of $1.07 billion. The administration fiscal year 2002 State Department budget request emphasized three goals: improving information technology, embassy security and construction, and additional hiring of Foreign and Civil Service, as well as security personnel. Each of these priorities was intended to improve security at Department facilities around the world. The overall State Departmen...
CBO Report on the Trends in the Distribution of Household Income between 1979 and 2007This Congressional Budget Office (CBO) study—prepared at the request of the Chairman and former Ranking Member of the Senate Committee on Finance—documents changes in the distribution of household income between 1979 and 2007. CBO’s analysis examines the distribution of household income before and after government transfers and federal taxes, and it reports the contribution of various income components (such as wages and salaries,capital income, and business income) to the distribution of market income. The study presents information on trends in the distribution of income for all households combined and for households separated on the basis of age and the presence of children. In keeping with CBO’s mandate to provide objective, impartial analysis, this study makes no recommendations.
