BO sent his budget proposal to Congress this week and it includes a huge reserve fund of $634 billion for universal health care. We haven't even had the debate yet! How is BO planning on paying for this and everything else in this massive cluster fuck of a budget?
By taxing the wealthiest 2%.
Even if he put a 100% tax on the wealthiest 2% in this country, would it pay for this plan?
The Democrats tried to demonize Ronald Reagan for budget deficits in the 1980s. Of course, that didn't stop them from adding to the deficit with their own spending in the final budgets. Even so, Reagan's largest budget deficit was 6% of GDP. This is BO's FIRST budget and it's at 12.3% of GDP. And Congress hasn't even finished screwing with it.
It's only going to get worse...