Lost in the furor over the immigration bill that has yet toÂ come to vote, the Democrat controlled congress quietly passed a budget bill late Thursday night that repeals tax reductions, (which equates to a tax increase,) and which adds deficit spending on top of that, increasing the budget over a Trillion dollarsÂ above the one ten years ago. Not five months in power and they’ve already busted the budget and increased your taxes.Â It was quite sly of them to float the immigration bill to the media in the lead of this, but not much slips by the Captain. Please stop by forÂ Ed‘s full analysis, a sample below:
What has been the Democratic response? Not only to raise taxes back to the pre-expansion level, but to add even more federal spending on top of it. It envisions a 5% increase over FY 2007 spending just to start. That’s the largest single-year increase since 2002, and it comes on the compounded increases of 3-4% year-on-year of the Republican Congresses of the Bush term. It represents a whopping 40% increase from FY 2000, when the budget came in at $2.1 trillion.
The current Congressional leadership doesn’t want people to think that they’re raising taxes. If not, where do they expect to get the money for the federal budget expansion? They will take capital out of the marketplace, where it creates and maintains jobs and production, and stick it into a federal system which burdens both — creating an even greater need for federal spending on entitlements and welfare.
More on this at Gateway Pundit