Goofy Obama - What a trip!
With a straight face, at a time when the U.S. government faces its most serious fiscal crisis in decades, Obama proposed almost $9 billion in new spending over and above what the federal treasury is expected to take in. On top of that, he’s adding nearly $1.6 trillion in new taxes and will see the public debt double or even triple.
This is not reform. It is most certainly not cost cutting, and it does little to put the nation’s fiscal house in order.
Among the highlights, Obama’s proposed budget:
- Includes the 14 highest deficits in U.S. history and never achieves balance.
- Calls for the third and fourth trillion dollar deficits in a row, continuing a pattern that began when he fist came into office.
- Increases federal spending by 28 percent since 2008, pegging it at nearly 25 percent of U.S. Gross Domestic Product, a post-war high.
- Adds $12.2 trillion in new debt, taking it from $14.2 trillion (which is just about one year’s U.S. GDP) to $26.4 trillion in Fiscal Year 202 read more
via IsraelNationalNews.com Israel is “closely monitoring” Iranian plans to deploy warships in the Mediterranean Sea, Red Sea and the Gulf ofAden, Israeli security officials told daily newspaper Yediot Aharonot
UPI reported that earlier this month, Iran’s navy chief Rear Adm. Habibollah Sayyari told the semi-official Fars news agency that the Islamic republic intends to maintain a “powerful and permanent presence” to protect the interests of Iran in the “strategic waters north of the Indian Ocean.”
(Reuters) – Two Iranian warships planned to sail through the Suez canal en route to Syria on Wednesday, Israel’s foreign
minister said, calling the move the latest “provocation” by Tehran and hinting at an Israeli response.
Israel sees a major threat in Iran’s nuclear program and calls for its elimination, but the countries’ geographical distance has kept them from open confrontation. Syria is one of Israel’s neighboring foes and an ally of Tehran.
“Tonight, two Iranian warships are meant to pass through the Suez Canal to the Mediterranean Sea and reach Syria, something that has not happened in many years,” Foreign Minister Avigdor Lieberman said in a Jerusalem speech distributed by his office.