
Redistribution Rampage
Redistribution RampagePresident Obama's $3.69 trillion budget will raise taxes on all Americans by $1.4 trillion over the next decade, according to figures compiled by the Heritage Foundation.
These numbers are in line with data supplied by the Congressional Budget Office (CBO).
Also CBO data, under a congress controlled by Democrats, reveals that the stimulus package will cost jobs and economic growth over the next 10 years.
President Bush's final budget spent $2.9 trillion; his final submitted budget (FY 2009) was for $3.1 trillion but the Democrat congress refused to finalize that budget, correctly believing a Democrat would become president and that he would sign a much larger bill, including all the welfare and entitlements, Democrats have fought for since 2001, and now received.
In less than 90 days, President Obama and the Democrat Congress took federal spending from $2.91 trillion to $3.69 trillion, (finalizing the 2009 FY budget and passing the 2010 FY Budget Resolution) an unthinkably, enormous increase, topped only by World War 2 increases.
This is completely separate from the $700 billion bailout, half under George Bush, half under President Obama. It is also separate from President Obama's $787 billion stimulus bill. Tens of billions are being spent on such things as Tatoo Removal.
Redistribution Rampage
Heritage states further that "The President's budget dumps a staggering $9.3 trillion in new debt-$68,000 per household-into the laps of America's children and grandchildren. This is more debt than has been accumulated by all previous Presidents in American history from George Washington to George W. Bush-combined."
Increasing The Welfare Rolls Is Once Again A Priority
The 1996 welfare reform bill signed by President Clinton, changed the way government treated welfare. It granted states the ability to design their own systems, if consistent with certain basic federal requirements
Mr. Clinton's reform, also required recipients to begin working after two years of receiving benefits, while placing some limits on the receipt of federal funds.
States therefore had the incentive to reduce the welfare rolls.
President Obama reversed this trend in his massive "stimulus" bill. Hidden in the bill was a massive increase in welfare spending. The '96 reforms gave states more money if they moved people OFF welfare, the new policy gives states more money if more people stay ON welfare.
A Huge WELFARE INCREASE on top Of a Huge Existing Expense
New welfare spending in the stimulus package, which is separate from the hefty increases in the two latest budgets, is over $260 billion. This comes to $6700 in new welfare spending, for every welfare recipient in the United States.
Just one program, MEDICAID, adds many billions to the cost. Other new spending goes to expansions in food stamps, the earned income tax credit, the refundable child credit, reduced Medicaid eligibility standards, Pell grants, and Title I education grants.
Allegedly these new costs disappear after two years. A myth for sure. Rarely, if ever, has the promise of "temporary" been fulfilled with a government entitlement.
This new cost, just from the Stimulus bill is estimated to add another half trillion dollars, each year, not including interest, which must be paid because all of this comes from borrowed money.
The Final Redistribution and Deception That Should Infuriate Middle America
Recipients receive what has been labeled a "refundable tax credit", providing up to $500 in cash to low-income adults who pay no income taxes, including able-bodied adults without dependent children.
In what has become daily "Orwellian Newspeak" from this White House, this blatant of all redistribution schemes is being sold under the label of: Make Work Pay!!!
Redistribution Rampage
Redistribution Rampage
