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Obama's Budget: Tax Hikes for the Rich, Tax Hikes for the Poor, Defense Cuts for Everyone

beowulfe Wrote: Apr 10, 2013 4:01 PM
Only in Loony Liberal La La Land is a $93 billion budget increase considered a budget cut.

President Obama belatedly sent his 2014 budget proposal up to Capitol Hill today, containing $3.77 trillion in spending for next year and tax hikes that will affect both rich and poor alike. All told, deficits would still total over $700 billion next year under President Obama's budget proposal.

In his press conference, President Obama claimed that his spending increases will be "targeted investments in areas that will create jobs right now." The President rejected the choice between jobs investment and falling deficits, saying that "our deficits are already falling" and that "my budget will reduce deficits by another...