Lake Minnetonka Liberty

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Tag Archives: OMB

Obama Budget: Tax Hikes and Another $1 Trillion Deficit

The 2013 budget being released Monday will propose public works spending while seeking tax increases on the wealthy and corporations to claim progress on the federal deficit in his upcoming budget. The spending plan projects a deficit for this year of $1.3 trillion, the fourth straight year of $1 trillion-plus deficits, and $901 billion next year.

Jacob Lew, the president’s chief of staff, said the new budget would put the country on track to achieve $4 trillion in deficit reductions over the next 10 years, achieved by raising taxes on the wealthy and trimming government spending.

Read the rest at Big Government

White House Lies to Public on Senate Budget Rules

There simply is no other way to explain the statements of White House Chief of Staff Jacob Lew this morning on CNN’s State of the Union. Lew was asked by Candy Crawley about a recent statement by Senate Majority Leader Harry Reid indicating he would not be bringing a vote on the budget to the Senate floor.

CROWLEY: “I want to read for our viewers something that Sen. Harry Reid, the Democrat Majority Leader in the U.S. Senate, who said, ‘We do not need to bring a budget to the floor this year.

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Incoming Chief of Staff Jack Lew’s Past Statements Coming Under Fire

President Obama’s decision today to replace White House chief of staff William Daley with the director of the Office of Management and Budget Jack Lew is raising eyebrows on Capitol Hill as Washington watchers recall Mr. Lew’s past statements.

On Feb. 13, 2011, Mr. Lew appeared on CNN’s State of the Union with Candy Crowley and said of Mr. Obama’s proposed budget:

Read the rest at Big Government