As America enters day nine of Barack Obama’s closing the White House to the public, he finds himself taking heavy fire from conservatives at CPAC. Yesterday, Gov. Sarah Palin, Sen. Ted Cruz, and Dr. Benjamin Carson took their turns speaking on the last day of the conference. Each slammed the president and the Democrats for wasteful spending and oppressive taxation, but even the Republican budget proposal took some hits.
Last week, the Democrats of the Senate came out with their own budget for the first time in four years of violating federal law and not passing a budget. Their proposal included an additional trillion dollars in taxes combined with a trillion dollars in spending cuts over the next ten years. But their taxes come at the front of the period while the cuts come at the end meaning they will raise taxes now and cut spending later.
With the government operating on over a trillion dollar deficit every year for the past four years, conservatives have been clamoring loudly to stop driving up the nation’s debt at this phenomenal rate. President Obama says the debt is not significant and that the private sector can sustain heavier taxes. Republicans say these policies will continue to drive down the economy and leave the millions who lost jobs under Obama without a future.
But even the Republican budget of Paul Ryan only cut deficits by $5 trillion over ten years, leaving $5 trillion more in deficits from Democrat spending before finally balancing the budget. Conservatives say this is unsustainable and the government must cut more deeply. Both liberal Democrats and moderate Republicans say that entitlements must be cut while conservatives argue that pork projects must be eliminated first and the tax system overhauled to stop unfair taxation.