President Obama announced his $4 trillion Federal budget today. He is sounding like Matthew Lesko (who hangs around in George Mason University’s library).
Here is The White House’s statement on the Lesko-like budget.
In short, raise taxes on “the rich” and spend like a drunken sailor in port. “Free” community college, “free” childcare, government savings plans, etc.
The Republican-controlled Congress is likely to reject all 3.99 trillion, but the Federal government is already at $3.906.5 trillion already.
Despite flat Federal spending from 2010-2013, the Federal DEBT has continued it’s Greek-like debt march to infinity.
There is no doubt, the US is emulating Greece.And Matthew Lesko. Opa!
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