Research

Obama’s Budgets: Blowing Minds For All The Wrong Reasons

Obama Looks To Repeat History With Yet Another Mind-Blowing Budget That Never Balances, Hikes Taxes, And Is Filled With Gimmicks

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OBAMA PLANS TO RELEASE HIS FY 2014 BUDGET TOMORROW

White House Press Secretary Jay Carney Promised That Obama’s FY 2014 Budget “Will Blow Your Mind.” WHITE HOUSE PRESS SECRETARY JAY CARNEY: “I can promise everyone here that this President’s budget will be so much more detailed than anything you’ve seen from the Republicans, it will blow your mind.” (Press Briefing, Washington, D.C., 4/5/13)

  • Obama’s Fiscal Year 2014 Budget Is To Be Released Tomorrow, April 10 . DEPUTY PRESS SECRETARY JOSHUA EARNEST: “The second thing I wanted to announce — I know this is something that we discussed quite a bit yesterday — about the date that the budget would come out. I know so many of you plan your social lives and professional lives around this. The budget will be released on April 10th of this year. So let’s get the countdown clock started on the appropriate networks.” (Press Briefing, Washington, D.C., 3/28/13)

Obama’s Budget Is Going To Be Released 65 Days Past The Legal Deadline (31 U.S.C. 1105). (31 U.S.C. § 1105, (a), p. 105)

OBAMA’S NEW BUDGET, SAME AS THE OLD BUDGET: NEVER BALANCES, NEW TAXES, AND FULL OF GIMMICKRY

Obama’s FY 2014 Budget Will Not Achieve Balance – Ever. POLITICO’s MIKE ALLEN: “So there’s not going be a date where it balances?” OBAMA SENIOR ADVISER DAN PFEIFFER: “No.” (Politico‘s ” Playbook Breakfast,” 4/3/13)

  • “In Contrast, A Rival Budget Approved By The GOP-Run House Balances The Budget Within 10 Years Without Boosting Taxes.” (Alan Fram, “Senate Gives Pre-Dawn OK To Democratic Budget,” The Associated Press, 3/23/13)

Obama Will Seek $580 Billion In New Taxes In His Budget. “The main deficit reduction elements of the plan incorporate an offer Obama made to Boehner in December when both sought to avoid automatic, across-the-board spending cuts and broad tax increases. Obama’s plan includes $580 billion in new taxes that Republicans oppose.” (Jim Kuhnhenn, “Obama: Budget Not ‘Ideal’ But Has ‘Tough Reforms,’” The Associated Press, 4/6/13)

  • Obama Already Got $620 Billion In New Taxes Through The Fiscal Cliff Deal. “Raises $620 billion in revenue according to Congress’ Joint Committee on Taxation by achieving the President’s goal of asking the wealthiest 2 percent of Americans to pay more while protecting 98 percent of families and 97 percent of small businesses from any income tax increase.” (“Fact Sheet: The Tax Agreement: A Victory For Middle Class Families And The Economy,” The White House , 1/1/13)

Obama Is Already Relying On Gimmickry To Produce Faux Statistics About Deficit Reduction In His New Budget

In Obama’s Proposal To Speaker Boehner – Which White House Press Secretary Jay Carney Maintains Is Still On The Table – There Is A Projected $1.8 Trillion More To Do In Deficit Reduction In The Next Ten Years. (“The President’s Plan: $4 Trillion Of Deficit Reduction Including The Last Offer To Speaker Boehner,” The White House, Accessed 4/5/13)

  • The Sequester – Now Law, Mandated By The Budget Control Act – Makes Cuts Of $1.2 Trillion Over The Next Ten Years. (Douglas W. Elmendorf, Director Of The Congressional Budget Office, Letter To Chairman Paul Ryan, 3/13/13)

Obama’s New Budget Will Seek To Replace The Sequester. “The new budget would lead to $1.8 trillion in savings in 10 years and replace the forced budget cuts that took effect on March 1, also known as the sequester.” (Jessica Yellin, “Obama To Propose Changes To Medicare And Social Security In New Budget,” CNN, 4/5/13)

  • That Means The Deficit Would Drop Just $600 Billion More Over 10 Years Than Under Current Law.” “The White House said the budget would include $1.8 trillion in deficit-reduction measures, but about $1.2 trillion of it will be used to replace the across-the-board spending cuts that began March 1, known as the sequester. That means the deficit would drop just $600 billion more over 10 years than under current law.” (Janet Hook and Colleen McCain Nelson, “Obama Budget Draws Fire,” The Wall Street Journal, 4/5/13)

While Obama And Democrats Often Claim Progress On Deficit Reduction To Date, “ A Good Chunk Of The Deficit Reduction Came From Tax Increases, Not Spending Cuts.” “Sen. Harry Reid was doubly wrong when he claimed that Congress already has cut $2.6 trillion from projected future deficits by reducing ‘non-defense programs’ alone. In fact, legislation he refers to applied to both security and non-security spending. Furthermore, a good chunk of the deficit reduction came from tax increases, not spending cuts.” (Brooks Jackson, “Reid Twice Wrong On $2.6 Trillion ‘Cuts,’” FactCheck.Org, 2/6/13)

  • “The Bulk Of These ‘Cuts’ Have Yet To Materialize.” “It’s important to note that the bulk of these ‘cuts’ have yet to materialize. The Budget Control Act imposed ‘caps’ on discretionary spending that Congress is supposed to comply with in future appropriations bills. The White House’s projections of $2.5 trillion in deficit reduction include budgets through fiscal year 2022, and, of course, it remains to be seen what specific cuts to federal programs those future Congresses will actually make.” (Brooks Jackson, “Reid Twice Wrong On $2.6 Trillion ‘Cuts,’” FactCheck.Org, 2/6/13)

Will Obama’s New Budget Suffer The Same Fate In Congress – Unanimous Opposition – As His Previous Budgets?

“The President’s Previous Budgets Have Fallen Flat In Congress. Given The Initial Reaction, This Version Is Likely To Suffer A Quick Death, As Well, If It Is Ever Brought To The Floor For A Vote .” (John Parkinson, “Obama’s Catch 22: Budget Blueprint Won’t Please Many, If Any,” ABC News’ The Note, 4/6/13)

35 House Democrats Already Voted Against The Senate Democrat FY 2014 Budget Proposal. (H. Con. Res. 25, Roll Call Vote #83, Failed 154-261: R 0-226: D 154-35: 3/20/13)

4 Senate Democrats Already Voted Against The Senate Democrat FY 2014 Budget Proposal . (S. Con. Res. 8, Roll Call Vote #92, Passed 50-49: R 0-45: D 49-4: I 1-0: 3/23/12)

The Democrat Senate Unanimously Rejected Obama’s FY 2013 Budget. ( S. Con. Res. 41, Roll Call Vote #97 : Rejected 0-99: R 0-46; D 0-51; I 0-2, 5/16/12)

The Democrat Senate Unanimously Rejected Obama’s FY 2012 Budget. (S. Con. Res. 18, Vote #78 : Rejected 0-97: R 0-45; D 0-50; I 0-2, 5/25/11)

OBAMA’S BUDGET IS SO LATE AND ITS IDEAS SO OLD THAT IT IS ALREADY STALE

“More Than Anything, Obama Has Opened Himself Wide To Criticism From Both Sides Of The Aisle Because He’s So Late In Releasing A Budget.” (David Nather and Darren Samuelsohn, “Obama Budget: Why Not?,” Politico, 4/5/13)

  • Although “The President’s Budget Proposal Initiates The Congressional Budget Process,” Both The House And The Senate Have Already Passed Respective Budget Proposals. “Under current law (31 U.S.C. §1105(a)), the President is responsible for developing and submitting a consolidated budget to Congress no later than the first Monday in February prior to the start of the fiscal year. …Although it is not legally binding, the President’s budget proposal initiates the congressional budget process and provides Congress with recommended spending levels for agency programs, projects, and activities funded through the annual appropriations acts and other budgetary measures.” (Michelle D. Christensen and Clinton T. Brass, “The Executive Budget Process Timetable,” Congressional Research Service, 12/5/12)

Even Democrats Agree That Obama Released His Budget Late So As Not To Steal The Spotlight Away From The First Senate Democrat Budget In Four Years. “Members of both parties say there appears to be a political element in Obama’s timing. Once his budget was already late, there was no point in putting it out in March and stealing the spotlight from the Senate Democrats’ rollout of their first budget in four years.” (David Nather and Darren Samuelsohn, “Obama Budget: Why Not?” Politico, 4/5/13)

  • Rep. Ron Kind (D-WI) Said Obama’s Budget “Should Be Preceding Everyone Else.” “‘They should be preceding everyone else,’ said Rep. Ron Kind (D-Wis.), a former member of his chamber’s Budget Committee. ‘Unfortunately, the timing isn’t good this time.’” (David Nather and Darren Samuelsohn, “Obama Budget: Why Not?” Politico, 4/5/13)

Even Senate Democrats Rejected A $1.3 Billion Proposal In Obama’s Last Budget That Sought To Fund The Implementation Of ObamaCare. “While Congress will welcome specific funding requests for the federal agencies and more explanation on what are the administration’s top priorities, lawmakers have wide latitude to accept or ignore them. Consider the case of Obamacare, the president’s signature first-term domestic achievement. He’s likely to seek a big boost in funding levels with his latest budget. But last year, a request for $1.3 billion to implement the law through the Department of Health and Human Services and the Internal Revenue Service went nowhere. Even Senate Democrats left it out of the continuing resolution.” (David Nather and Darren Samuelsohn, “Obama Budget: Why Not?” Politico, 4/5/13)

Obama’s Budget Is Nearly Identical To An Offer He Made Months Ago. “But as much as Obama’s budget looks like an afterthought, it also represents the latest example of the stalemate Washington keeps hitting on long-term fiscal matters, with the two parties no closer to a ‘grand bargain’ on long-term spending or deficits than they were a year or more ago. Just look at the president’s budget rollout: he based the document on the same offer he made House Speaker John Boehner months ago – a mix of entitlement cuts and tax increases.” (David Nather and Darren Samuelsohn, “Obama Budget: Why Not?” Politico, 4/5/13)