... The federal budget is due for release right now, but it’s being delayed because it bears bad news, and no, we don’t need bad news now that the administration is pushing for that “free healthcare” that will cost trillion$, the cap-and-tax that will bring the economy to a grinding halt, and possibly a second “stimulus” bill.
The AP speculates ...
The White House is being forced to acknowledge the wide gap between its once-upbeat predictions about the economy and today's bleak landscape.
The administration's annual midsummer budget update is sure to show higher deficits and unemployment and slower growth than projected in President Barack Obama's budget in February and update in May, and that could complicate his efforts to get his signature health care and global-warming proposals through Congress.
The release of the update - usually scheduled for mid-July - has been put off until the middle of next month, giving rise to speculation the White House is delaying the bad news at least until Congress leaves town on its August 7 summer recess.
How's that transparency working out for you?
He is pulling a Zelaya on us. Ex-president Zelaya of Honduras failed to approve a budget for months, instead appropriating the funds for his pet project to re-write the Constitution. Now, after almost 4 years of his rule, Honduras is far more in debt than it ever was, even after having a lot of its debt forgiven a few years back.
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