WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2009-03-05 Time: 01:00:08 Posted By: Jan
[I remain amazed at the amounts of money involved. I ask myself if Obama isn’t going to actually destroy America? Jan]
WASHINGTON – Republicans slammed President Obama for “cooking the books” in his new budget proposal, as the administration said this year’s $1.75 trillion deficit was caused a by a crisis unlike any in generations.
GOP lawmakers grilled Peter Orszag, Obama’s budget chief, in his first testimony on Capitol Hill to defend the tax and spending plan he unveiled last week.
“The numbers in this budget are staggeringly high,” fumed Rep. Paul Ryan (R-Wis.).
“If these scenarios in this baseline don’t play themselves out, then they’ll be even higher.”
Orszag replied: “The new administration has inherited an economic crisis unlike any we have seen in our lifetimes.”
Treasury Secretary Timothy Geithner, who would oversee more than $1 trillion in higher taxes over the next decade, got similar treatment.
“It looks like somebody’s cooking the books,” grumbled Rep. Kevin Brady (R-Texas) at a House Ways and Means Committee hearing.
“The president’s budget increases taxes on every American, and does so during a recession,” Rep. Dave Camp (R-Mich.) told Geithner.
Geithner countered that tax increases don’t kick in until 2011, when the administration is projecting that a recovery would be under way.
Although Ryan, the top Republican on the House Budget Committee, praised some aspects of the budget, he also ripped into accounting methods – like budgeting for high initial war costs that demonstrate a savings later.
“So you assume in your budget that we’re going to have a surge in 10 years [in Iraq], even though a surge, by definition, is up, then back down,” Ryan said, pressing Orszag.
“To go back, $1.6 trillion of these savings is because you are saying we are not going to have a surge for 10 years, we are going to ramp it down,” he continued.
Orszag replied: “About a trillion-and-a-half dollars is because the war ends more quickly under this budget then we think the alternative would have been.”
Jeb Hensarling (R-Texas) accused Obama of putting up a “trifecta of trillions” – with the stimulus package, appropriations spending and budget deficits.
He said the deficit – which is projected to fall from $1.75 trillion to $533 billion over a decade – showed “red ink as far as the eye can see.”
Source: http://www.nypost.com/seven/03042009/news/politics/gop__bam_cooks_the_budget_books_157906.htm