Obama Budget Unanimously Defeated In Senate
Back in March, this budget didn’t even get a single vote in the House, now it’s had the same result in the Senate — which is controlled by Democrats!
A budget resolution based on President Obama’s 2013 budget failed to get any votes in the Senate on Wednesday.
In a 99-0 vote, all of the senators present rejected the president’s blueprint.
It’s the second year in a row the Senate has voted down Obama’s budget.
CBO: Obama Budget Stifles Economic Growth
It’s almost like he wanted the economy to tank again… or is that still?
The nonpartisan Congressional Budget Office said Friday that President Obama’s 2013 budget will hurt the economy in the long term, arguing the larger deficits it would produce would reduce the amount of capital available to businesses.
After five years, the CBO says the Obama proposals would reduce economic output by between 0.5 percent and 2.2 percent.
ObamaCare Helping Deficit Balloon
Remember when the lefties tried claiming that ObamaCare would reduce the deficit? That fiction is now being debunked.
The 2010 law does generate both savings and revenue. But much of that money will flow into the Medicare hospitalization trust fund — and, under law, the money must be used to pay years of additional benefits to those who are already insured. That means those savings would not be available to pay for expanding coverage for the uninsured.
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