The last time a federal budget was passed into law was September of 2007 for fiscal year 2008 and it was signed by President Bush. President Obama has not had a single day in office with a federal budget, EVER.
For the first time in six years President Obama will actually meet a statutorily required deadline for submitting a federal budget. The Executive Branch budget proposals are due by the first Monday in February; however Obama usually blows off the rules. I digress.
This 2016 proposal is a little disingenuous no?
…”The president’s budget features a six-year, $478 billion public works program for upgrading the nation’s infrastructure, including roads, railroads and ports”….
Didn’t congress spend $1,000,000,000,000.00 (trillion) on Obama’s “stimulus plan”, aka “shovel ready jobs”, aka “American Reinvestment and Recovery Act”, for public works in 2009/2010? And what exactly did we get out of that little expenditure?
WASHINGTON DC – President Obama will unveil a $4 trillion budget Monday, featuring an ambitious public works program, a one-time tax on foreign profits kept overseas by corporations, tax credits for middle-class Americans, and a 1.3 percent pay raise for federal employees and troops.
The massive document is a blueprint for what Obama has been calling “middle-class economics,” but congressional Republicans are likely to view it merely as the president’s opening bid in a contentious process designed to forge a tax and spending plan for the new fiscal year.
The document will become, if not law, another defining moment for the president as he tries to carve out priorities for his remaining two years in office. Administration officials have tried to map out potential political trade-offs by offering elements such as a corporate tax revision that could appeal to Republicans, while asking for more spending on infrastructure.
But the president is also seeking to fund his proposals by raising taxes on the richest Americans, an approach that has immediately drawn Republican opposition.
House Ways and Means Committee Chairman Paul Ryan (R-Wis.), appearing on television Sunday, rejected many of Obama’s ideas for raising taxes on the wealthy as “envy economics.” (continue reading)
