Obama continues to spend American money (that we don't have I might add) like a drunken sailor on shore leave. In the budget he intends to present to Congress on Thursday, a request for 634 billion dollars, over ten years, to cover the expenses of his Universal Healthcare Plan. And that is not even the fucked up part.
The fucked part is that his plan is estimated to cost an estimated total of one trillion dollars (and I am willing to wager that is a low balled figure), and that the 634 billion dollar figure is a down payment on the plan.
Obama intends to pay for the plan by allowing the Bush tax cuts to expire in 2010 (effectively a raise in taxes for the American people, including the middle class) as well as an additional tax increase on families who make more than $250,000 a year. He also hopes to find additional funds for the program by removing some subsidies from Medicare.
It has been just over a month since Obama has taken power, and to be truthful it is a little mind-blowing seeing how this administration (and their slavish Congress) just pisses money away. I know it is said to be in the best interest of the American people, to help save the economy, to save them some nickels in their health care costs, blah, blah, blah. But as the stock market drops a hundred points every time someone in his administration says anything about the economy or how they intend to tackle it, pause must be taken and questioned must be asked.
At some point the American people and their representatives in Washington are going to have to start taking long look at how Obama intends to pay for this shit. Raising taxes might sound good in the Washington cocktail party scene, but during times like these- where small business owners and big business owners alike are going to be leaned on to get the American people out of the unemployment line (or employed at all) - tax increases, especially tax increases that would be permanent (because you can't get rid of rights once you give them to the people), would be reckless and possibly disastrous to the American economy.