You gotta throw out an aww shucks aren’t you just adorable to the radicals in Congress who released this budget. I mean their staffs must’ve spent weeks putting together this budget knowing full well it would be laughed out of the halls of Congress.
Here is the nitty gritty:
Reps. Raul Grijalva, D-Ariz., and Keith Ellison, D-Minn., released the document Tuesday, indicating that they composed it after “listening to the American people and reflecting their values.” They should have listened a bit harder. At a time when Americans tell Gallup they think the federal government wastes 51 cents of every dollar it spends, the CPC budget puts that spending on steroids.
Government spending would rise from $3.6 trillion a year now to $5.7 trillion a year in 2022. That is only slightly more than President Obama’s budget. But where Obama’s budget adds $6.4 trillion to the debt by 2022, the CPC budget adds only $3 trillion. That’s because the liberal lawmakers pay for all that new spending with massive tax hikes.
Yes, that is “tax hikes,” plural. There are at least 19 separate tax hikes in the “Budget for All,” including a $849 billion financial transaction tax and a $897 billion carbon tax. It also creates five new and additional upper-income tax brackets, with a top marginal rate of 49 percent.
Over 10 years, the “Budget for All” removes $4.7 trillion more from the U.S. economy than President Obama’s budget, and $6.7 trillion more than the plan drafted by House Budget Chairman Paul Ryan, R-Wis. By 2022, the Progressive Caucus would have the federal government confiscate more than 22.5 percent of America’s gross domestic product in taxes every year. Not only is this almost 5 points higher than the pos/world/ War II average (18 percent of GDP), it is also higher than the all-time high tax burden of 1944 (20.9 percent).
If you haven’t heard of the Budget for All or last year’s similar People’s Budget then I’m not surprised. The liberal media, knowing full well how ridiculous it was, largely swept it under the rug. The Progressive Democrats of America, some socialist group dedicated to destroying America, had nice things to say about it though:
And, while the Ryan budget has certainly drawn more attention, the CPC budget is in many senses the more exciting and potentially meaningful proposal—in no small part because it embraces the values and ideals of so many Americans.
I didn’t think there were “so many Americans” that devoid from reality.
The talking points from the radical left are pretty much the same as they always are. Republicans hate women and old people. Their proposed cuts are draconian (a favorite buzz word used by the unimaginative left). The GOP is in the pockets of multinational corporations. The Military Industrial Complex is to blame. Blah blah blah.
No mention of course that their Budget for All consists of crippling tax hikes that would bring the economy to a screeching halt. No mention that they support ceding massive amounts of power to the federal government, giving up our liberty in the process. No mention that their beloved “safety nets” have become so expansive that not only are they on an unsustainable path (like Social Security becoming insolvent in 2017 and Medicare in 2024) but they do more to keep people in poverty than to lift them out.
On a sidenote, yesterday Barack Obama’s federal budget couldn’t even get one freaking vote, losing 414-0. Not one from Dennis Kucinich, Bobby Rush, or even any members of the radical leftist (progressive) caucus. How funny is that? If that vote was simply a gimmick as a result of GOP parliamentary maneuvering as the White House contends then why did any Democrats vote at all? Why not abstain?
I bet the magnanimous Budget for All could must up more than zero votes though.