Obama: Budget Will Restore Fiscal Discipline

This budget is a socialistic monstrosity. THis is obama's basic plan,spend more, raise taxes, and grow government. Translation,waste money, rob companies, and create a tyrany. This will not restore fiscal responsibility. It will do nothing but tax and spend.

look i'm gonna set the record straight. FDR's New Deal actually did help the economy, but not very much. it took the massive demands of WWII to really bring us out of the Great depression.

if you dont believe me, look it up on MSN Encarta.

i believe that Obama's plan to streamline healthcare with computer technology is wonderful, my mom is a nurse and she's always talking of how they should do that. i believe that Obama's over all plan will help the economy, even though i disagree with the carbon tax, and the cap and trade portion of his plan. Having said that, looking back on history i know that it will not be enough. it will take a drastic event, ssay WWIII or perhaps the forming of the North American Union to truly get out of this Economic Depression

"Obama said that lowering the debt in the long-term would be the only approach to solving the country’s fiscal problems."

And yet his 2009 budget will BORROW another $1.75 TRILLION to stack on top of the national debt. Then, if everything goes peachy and we get GDP growth of 3+ %, the government will only have to borrow an ADDITIONAL $500 - $600 BILLION for EACH and EVERY year after 2009, FOR THE NEXT TEN YEARS!

This does nothing to lower the debt. It DOUBLES THE DEBT! Yet, somehow we are suppose to believe the new administration is being responsible.

What is going to happen when other countries decide to no longer lend us money?

I love how Obama keeps saying he "inherited" this mess, and you Obama cheerleaders go along with the hype. Did you forget your leader was in Congress since 2007? Did you ever hear him once, just once, complain about Republican spending in those years? Oh, I forgot, he was on the campaign trail those years. Well, maybe if he had been in Congress he could have stopped the wasteful spending like the Democratic majority tried to do - NOT! To rationalize away this massive payback "stimulus" package by saying George Bush did it, too, is the most disingenuous piece of garbage I have heard in years. "The buck stops here", Mr. President, so grow up and realize this fiasco now belongs to you.

Oh my God, Obama wants to go back to the tax rates for the wealthy that existed under Clinton and give the middle class a tax break for a change and you people all act like the world is coming to an end. The tax rate would go from 35% to 39% - wow a whole 4% points - yup sounds like socialism right? Morons! FDR passed Social Security during the depression, and Obama is going to pass health care for all Americans. God Bless President Obama and our Country - I am praying for both.

I doubt that very few of the posters on this web site make over $250,000 a year and are in the top 5% of the income earners in this country so why are you all protecting the rich, thieving bankers and wall street crooks? Bush gave tax breaks to the rich and it didn't create any jobs - just the opposite. The rich are rich because they exploit hard working lower and middle class workers and it is time for them to pay their fair share. I am also really sick of hearing about how people who have invested in the stock market are losing money - so what - you took a chance with your money instead of putting it in something safe - like a savings account or government bonds so you could get rich and now when it went bad your are all whinning boo-hoo.

Once again this clown opened his pie hole today and I watched my retirement portfolio get smaller. He just needs to shut his trap!!!!!!!!!

Obama's fiscal responsibility is like telling a woman being assaulted to make sure her attacker uses a condom. What a joke!

"The National Association of Manufacturing has blasted the Obama budget."

The loved the stim money and tax breaks, hate having their taxes raised.

What else is new.

1,750,000,000,000.00 debt in Obama's 1st year. A $8,000,000,000.00 Gamblers train in the stimulous bill to take gamblers from L.A. to the casinos in Vegas.
There is no need to give this blogger any credibility whatsoever. FACT. The train from L.A. to Vegas was taken out of the passed stimulus package. Get your facts straight or don't confuse people with your B.S.

Will Obama have the courage to say to congress, or they to him, "We will have to disappoint our campaign contributors, and abandon our personal agendas, to respond to a higher calling, salvation of the Republic" ?

Nothing is free, folks. If you think a different approach to government is gonna solve any problems without an accompanying cost - you are mistaken. The cost may be in taxes, prices, income, opportunity, or freedom. But there will be a cost. Nothing is free.

If you don't support the President, you hate America and don't respect our troops overseas. At least, that's what the faded bumper stickers on all of the Republican cars in town say...

i am not going to become a socialist "comrade". my family members are not going to be "comrades". we will not be told by government officials what is right and wrong.

1- The recovery act and "normal business cycles" will cause the economy to eventually recover.

Keep your fingers crossed theory. However did any of these economists ever think that if government spending creates a 1.5 times multiplier then why not spend $10 trillion instead of only $.8 trillion?

2- Allowing "high income tax provisions to expire when they are scheduled to expire, at the end of 2010" and closing tax loopholes.

Behavior will change. It always does. Rich people will not put as much investments at risk. Payoff here is in doubt since rich people can seek safer tax free investments.

3- "Winding down the war" in Iraq.

This will help but Afghanistan is a big "?" and could lead to another sink hole.

4- Making government more efficient.

Every administration always says this and it never happens.

In summary not much to find other then bigger debts are in our children's future.

Mike C; Please set your buddy Hannity straight. He claims Regan inherited Carter's double digit unemployment.

Dept of Labor, Bureau of Labor Statistics.

The unemployment rate was 7.5% when Reagan took office in Jan 81, 10.8% in Nov 82 and did not get below 7.5 until May 84. That is over 3 years in office but it was still Carter's unemployment! LOL

AND Reagan changed the yardstick to reduce the percentage by adding the military. Prior to that it was the CIVILIAN rate of unemployment.

Jane, I don’t know which profession you subscribe to - it appears you won’t give the administration a chance to come up with their framework for transparency and accountability.

My observation is that it would help to keep an open mind and engage in holding the government to be accountable to the nation.
I don’t know the President personally but I remain open to the idea of transparency.

I don’t know about you but I have never been interested in politics but I repeat we are living in exciting times and the old ways of carrying out business is not working. We are living in a “global” environment which reaches out beyond this shore and as such we can not ignore the impact the USA has on the rest of the world.

On a different note, I noticed that someone mentioned about the rich creating work, yes they sure do but can you step back and make a list of businesses that have gone bust. - Enron, WorldCom, AIG, Lehman Brothers.

I implore you to research some of these companies and find out why they collapsed. Further still what happens to the workers when these businesses collapses. I think we are all being challenged here and the “core” message of Obama’s mantra on change is about on seeing the bigger picture.

This is not about an individual or party politics – it is a moral call to us all to be responsible citizens.

Mike C
You are Right Bush is out of Office thank God, But his Disasters Are still Going on. and to suggest That only 30 Days In Office President Obama is Responsible for this Mess Is LAUGHABLE,Obama Has to try and Clean the Bush mess up It aint gonna be Easy!

Accountability and transparency folks, the years of lies of the GOP are over.
-------------------------------------
B ,

I have news for you, Obama won the election. Bush is not in the picture now! You liberals can keep running off at the mouth that somehow this is all Bush's fault, but its not working.

Obama is in over his head, now he has managed to pull the country under as well. I dont like him or his policies, but we all better hope this works at least a little bit.

If this fails, and the odds are it will, we will end up with an economy where the barter system will be the dominant financial mechanism!

In 5 short weeks this guy has managed to set himself up to spend more money than any person in the history of the planet!

These packages as so huge and overblown that "tranparency" and accountability is going to cost more than the Iraq War!

That alone is the dunbest idea going on here, the concept that the government can manage this! The government could not even "manage" the simple conversion to digital TV!!!!!

We are already suppposed to be fully digital right now! The government now is going to spend 650 Million more dollars in 4 months to get out the news to people about the change! It is not even remotely possible that anyone with a TV has not not seen the PSA's about the conversion and getting a converter box if you need one! In the "stimulator" we are now going to WASTE 90 million dollars of that 650 M for further "education & outreach" !

Unbelievable!!!

The numbers of his own plans dont add up! He "claims the "stimulator" will create/save 3.5 million jobs!

Yet OMB has looked things over & they calculate an unemployment rate of 8 % for this year & 7.9% for 2010.

I guess the magic will be the 3.5 million will be all "saved" jobs, especially since their is no way to actually tally "saved" jobs!

If a society has problems with money, eliminate money.