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Wednesday, April 13, 2011
BUDGET SHELL GAME IN WASHINGTON
A History Lesson on U. S. budget process: Federal law requires the President to submit a budget sufficiently in advance of the fiscal year, which starts October 1 of each year. The President's budget spells out how much money he wants to spend and where he wants to spend it. The House then approves, modifies or disapproves. It then goes to the Senator and then back to the House and then to the President for his signature. This is the process for approval of the budget and is supposed to be done MONTHS IN ADVANCE of the fiscal year so federal agencies, vendors who deal with the government, the financial community and others have time to prepare for spending and the government knows how much it is going to spend. The Obama administration FAILED to present a budget for fiscal 10-1-2010, and therein lies the "close down the government" scenario we've witnessed this past week. The pressure was on. So let's make it clear. The budget that just got "approved" by all in Washington with the so-called $38 billion in cuts is for fiscal year 10/1/2010 - 9/30/2011, called the 2011 budget. The whole process will start over again this summer as the President presents his budget for fiscal 10/1/2011 to 9/30/2012, his 2012 budget. Paul Ryan from WI has already proposed a budget for 2012 that cuts $6 trillion in spending. I hope this explanation makes the budget process in Washington clearer to all of you. But wait, here's the most important thing you need to know. Obama's 2011 budget (just voted on this week) was billions higher than his actual spending for 2010. Thus, when the Republicans, Obama and the Democrats celebrated their agreement of $38 billion in cuts, they were not CUTS at all. The $38 billion is simply a decrease in the increase Obama wanted to spend from 2010 to 2011. It's only a cut in what they planned to spend, not actual, real deficit reduction dollar cuts. Spending for the remainder of 2011 will INCREASE DRAMATICALLY, not decrease. It will just increase by $38 billion less than Obama wanted it to increase. SO YOU ASK, OBAMA WANTS TO INCREASE OUR DEBT? Oh, yeah! Here are the facts. In the next six months Obama wants to increase our debt by another trillion dollars, and in the 2012 fiscal year he wants to borrow another $1.7 trillion. Out debt has increased $4 trillion since Obama became president. Can someone tell me how this can be considered a CUT in the budget? How can this be a "successful negotiation" to reduce our deficit?? Obama says the "economy will collapse" if we don't borrow more. His lack of knowledge on the economy is truly stunning. This is simply CRAZY! Most economists say that the economy will collapse if we keep on borrowing. Obama chooses to ignore the red flashing warning lights and is leading us right into the path of an oncoming freight train. I say it is immoral, illegal and unconstitutional for our government to borrow money when it has no ability or intention of repaying the loans. The White House and the enablers in Washington, both Republicans and Democrats who got on board the "we've cut $38 billion" celebration, are lying to us. This is nothing more than a Budget Shell Game. So why are these people running our government? Very Good Question. It looks like we have to have another change in the election of 2012. 2010 was a good start, as most of the Tea Party people who were elected are standing firm against this atrocity. But there are many left who are doing business as usual, like John Boehner who caved to The Imperial President.