NY Post - February 27, 2009
Don't be fooled: President Obama did not propose a federal budget yesterday.
What he offered was a $3.6 trillion spendapalooza meant to usher in a new era in the nation's political and economic life.
No American - of any income level, business background, race or gender - would be left unaffected.
Economic freedom and individual liberty would take on a whole new meaning.
Make no mistake: If Obama's vision is embraced by his fellow Democrats, who control Congress, the role of government in everyday America would balloon.
And that's not the half of it:
* Federal outlays could well account for a larger share of the economy than at any time since World War II - not including any further big bailouts down the road.
* To pay for it all, taxpayers would be asked to cough up hundreds of billions more in coming years. There'd also be new corporate taxes, a carbon tax on company emissions and other hits.
And all that would still leave trillions in debt for future generations to repay. (continues...)
What he offered was a $3.6 trillion spendapalooza meant to usher in a new era in the nation's political and economic life.
No American - of any income level, business background, race or gender - would be left unaffected.
Economic freedom and individual liberty would take on a whole new meaning.
Make no mistake: If Obama's vision is embraced by his fellow Democrats, who control Congress, the role of government in everyday America would balloon.
And that's not the half of it:
* Federal outlays could well account for a larger share of the economy than at any time since World War II - not including any further big bailouts down the road.
* To pay for it all, taxpayers would be asked to cough up hundreds of billions more in coming years. There'd also be new corporate taxes, a carbon tax on company emissions and other hits.
And all that would still leave trillions in debt for future generations to repay. (continues...)
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