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January 16, 2015

Obama Goes on Offense, Will Seek 7% Budget Hike

Congressional Republicans better take note that Barack Obama has no intention of quietly riding off into the sunset – even if he does frequently check out and play more golf over the next two years. “I’m not going to spend the next two years on defense; I’m going to play offense,” he told congressional Democrats Thursday. Part of that offense is going to be on the budget, which the White House is due to release on Feb. 2. According to officials who leaked details, Obama wants to increase spending by 7% – clearly indicating he’s not content with allowing Republicans to slow down his spending bonanza. Thanks in large part to the sequester and the stalemate in Congress since 2011, the budget deficit for the fiscal year ending Sept. 30 was $483 billion – the smallest since 2007. Obviously, that’s better than the trillion-dollar deficits of Obama’s early years, and lower deficits are likely why the economy is finally showing signs of life. That means increasing spending by 7% isn’t going to be good. It’s up to the Republican-controlled Congress to stop Obama in his tracks. More…

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