The headline in The New York Times declares “Obama’s Budget Seeks to Loosen Austerity Reins,” as though the federal government has been “austere,” exceedingly frugal, painfully tight-fisted in its spending that has plunged America into a deep, dark pit of debt now surpassing the $18 trillion mark.
And in sending his $4 trillion 2016 budget plan to Congress this week, the president suggested that all is well with the U.S. economy. In fact, our economic outlook is so rosy, according to the White House, that we can and must shoulder more than 20 new tax increases totaling more than $2 trillion over the next ten years.
As Fox News reports, the majority of those proposed tax hikes would hit the so-called “wealthy,” presumably to ease the burden on the middle class.
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“The president plans to use much of that to fund new middle-class tax cuts, as well as ambitious spending programs for highway construction, education benefits and more,” reports Fox.
On “Special Report with Bret Baier” Monday night, Fox News contributor Charles Krauthammer echoed the sentiments of many Republicans on Capitol Hill in saying Obama’s 2016 spending plan is a meaningless document that’s dead on arrival in Congress.
And what should Republicans do about that blueprint that Obama claims is practical and “not political?” Krauthammer offered the GOP a plan of action that you can see by watching the short video above.
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