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Budget Disaster
President Obama's Budget
- Would permanently expand the federal government by 3 percent of gross domestic product (GDP) over 2007 pre-recession levels;
- Would raise taxes onall Americans by nearly $3 trillion over the next decade;
- Would raise taxes for 3.2 million small businesses and upper-income taxpayers by an average of $300,000 over the next decade;
- Would borrow 42 cents for each dollar spent in 2010;
- Would run a $1.6 trillion deficit in 2010--$143 billion higher than the recession-driven 2009 deficit;
- Would leave permanent deficits that top $1 trillion as late as 2020;
- Would dump an additional $74,000 per household of debt into the laps of our children and grandchildren; and
- Would double the publicly held national debt to over $18 trillion.
Source: Heritage Foundation calculations based on U.S. Office of Management and Budget, Budget of the United States Government, Fiscal Year 2011 (Washington, D.C.: U.S. Government Printing Office, 2010), pp. 146-179, Tables S-1 through S-14. Also includes the cost of House-passed cap-and-trade bill, which President Obama endorsed yet excluded from his budget tables.
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Todd's Pledge
As a Constitutional Conservative representing the people of Northeast Ohio...
I pledge to uphold the Constitution of the United States of America by enacting legislation and reform that will protect the freedom of the American people and limit the power of the federal government.
I will endeavor to protect the liberties of the American people.
I pledge to begin working toward a federal government that will reestablish the rights of the people and the states as they are protected within the Constitution through the 10th Amendment.
Famous Quotes
"Above all, we must realize that no arsenal, or no weapon in the arsenals of the world, is so formidable as the will and moral courage of free men and women. It is a weapon our adversaries in today's world do not have."
-President Ronald Reagan
"Experience should teach us to be most on our guard to protect liberty when the Government's purposes are beneficent. Men born to freedom are naturally alert to repel invasion of their liberty by evil minded rulers. The greatest dangers to liberty lurk in insidious encroachment by men of zeal well meaning but without understanding."
- Louis D. Brandeis