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More Debt, Higher Taxes, Doesn’t Balance: President Obama’s Budget in Graphics

Posted: April 12, 2013 at 7:45 am   /   by

President Obama released his budget yesterday and – give or tax a few hundred billion in additional tax hikes – it’s pretty much what we expected. It’s been called “a dud,” and a “budget fantasyland” that is “based on bad math, phantom revenues, imagined spending cuts.” But the best way to get a feel for what a wasted opportunity it is might be through a few simple graphics

While Republicans passed a balanced budget that would help our economy grow and improve the lives of the American people, the White House says the president’s budget doesn’t balance.

In fact, instead of addressing our spending problem, it adds to it — $8.2 trillion in new debt.

His budget doesn’t mention the popular Keystone XL pipeline, and it continues to block energy production that would create jobs and make energy more affordable.

It raises taxes another $1.1 trillion but has zero net spending cuts.

And it ignores the growing problem of ObamaCare, which is driving up prices and making it harder for small businesses to hire.

Have a look, share, and let us know what you think in the comments below.