$3.6 Trillion Dollars...What Is Next? How Far Can It Go?

President Obama has just unveiled a budget that is over $3.55 trillion for next year. Billions have been set aside for health care and the financial sector...the question arises...how much of this will actually filter down to the end users that need the most help. Obama has said that "we must add to our deficits in the short-term to provide immediate relief to families and get our economy moving." In addition to this proposed budget, spending will be increased to $3.94 trillion for 2011. At that point, the projected deficit will be over $1.75 trillion.

This is "change", as we so often heard about during the presidential race, but is this the type of "change" we want? What ever happened to cutting spending? I believe that we have to take dramatic steps to stop the tsunami meltdown within the financial sectors, specifically the housing market...but why do we not hear about cutting programs that are out of date and are "porking" the budget along with the taxpayers. It has been reported that the top 40% of income earners pay 90% of the income taxes. Simply stated...60% of the population pays 10% of the income tax...go figure...The budget calls for $637 billion in higher taxes on the estimated 5% of taxpayers with annual adjusted income of $250,000 or more.

Is this the type of "change" we really want? We need to see our government really being fiscally prudent, not just spending more money. I agree that we need to take some dramatic steps in the short term, but this needs to be augmented by cutting unnecessary spending in an aggressive manner, to keep our deficit under control and restore this economy to the level that we as Americans deserve and demand.