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Barack Obama Unveils A $3.8 TRILLION Budget!

| Filed under: PolitikBarack ObamaBusiness Blitz

obama unveils proposed budget

Wow! Doesn't that almost sound like a made up number? LOLz!

Yesterday, President Barack Obama unveiled a $3.8 trillion budget request! Here's what he had to say about it:

"We built this budget around the idea that our country has always done best when everyone gets a fair shot, everyone does their fair share and everyone plays by the same rules."

"Every department will feel the impact of these reductions as they cut programs or tighten their belts to free up more resources for areas critical to economic growth."

Here are some major aspects of the budget proposal:

- Six year proposal to spend $476 billion on surface transportation
- 210 programs will be cut or eliminated to save $24 billion in 2013 and $520 billion over a decade
- Cuts to mandatory spending including select farm subsidies, federal employee retirement, and health benefits (savings of over $217 billion over a decade)
- Military spending will be reduced (Pentagon will spend $487 billion less over 10 years)

And more:

- Tax hike of $1.5 trillion, which would allow Bush tax cuts to expire for high-income earners
- Budget includes the Buffet Rule, which ensures that the wealthiest do not pay a lower overall tax rate than those who earn substantially less money
- Year-long extension of the payroll tax cut and unemployment insurance
- More than $360 billion would be cut from Medicare, Medicaid, and other health programs

What do U think of Obama's proposed budget? Do U approve of what he's trying to do here???

[Image via WENN.]

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8 comments to “Barack Obama Unveils A $3.8 TRILLION Budget!”

  1. 1

    Yea, let's reelect this guy.

  2. 2

    Here's my question. Why the fuck do you always type "LOLz"? It is not even warranted. THere was no joke, you stated that that amound sounded made up. Does that really make you laugh. Your a stupid fuck…and stop typing womp womp as well, you do the same thing with that and put it in places it doesn't fit.

  3. 3

    Now is not the time for social engineering and posturing for reelection. He needs to do more to get the economy and the market back on track so more real, sustainable jobs can be created - not just interim construction projects.

  4. 4

    Wow! Still trying to hurt the old and the children! Just cut all politicians pay and put the money toward paying off our already acquired $15 trillion debt.

  5. 5

    While campaigning in 2008, Obama called Bush “irresponsible and unpatriotic” for adding $4 trillion to the national deb(in 8 years)t. Now the shoe is on the other foot and Obama has increased the debt twice as fast as Bush did(4 trillion in 3 years). Would he call himself unpatriotic?
    this bullshit budget just adds more and more deficit. i know he clains otherwise, but the facts speak for themselves.
    Also i am getting REALLY TIRED of all the politicians lying about social security. They insist on calling it a entitlement Give away program. it is NO SUCH THING . I paid large dollars into MY account for 50 years and now want MY money back. They comment that now there are only X# of people of working age "supporting" X # of retirees. that simply IS NOT THE TRUTH. I was forced to contribute to the gov't plan for MY retirement, however THEY VIOLATED the terms of th SS trust agreement and STOLE MY MONEY FROM MY ACCOUNT, and now are blaming ME for the consequences of THEIR THEFT. FUCK THEM ALL, DEM,REPUB,BLACK,WHITE, MALE AND FEMALE.

  6. 6

    Re: raypearson – Social Security is a Ponzi Scheme.

    This guy clearly can't balance a budget. Get him out of office before he does any more damage.

  7. 7

    This country's going to hell in a handbag. Someone please get us some better leadership! We need a Ronald Reagan style man.

  8. 8

    With each day that passes I get more and more disappointed with our country's leadership. Taxes, interest rates, gas, electricity, etc keep going up and up and yet there are no jobs for people to make the money to pay them. It will be the day when the high paid government employees agree to take a pay cut. It will be the day when our leaders stop doing things for their own agenda and puts their country first. Obama will say what he knows what the people want to hear but it is all LIES! Celebrities endorse him because being liberal is "cool." We need to start looking and each candidate seriously without judgment and find which one will put the USA back in working order.