Obama Budget

Obama unveiled his budget proposal. He is suggesting significant tax increases for the "wealthy" and corporations along with spending freezes. Most of his spending cuts are just for show though as his spending freezes don't address the three largest budget components nor do they do anything to fix underlying issues with social security or medicare. Also, given the weak state of the economy tax increase seem like a risky move not to mention that most if not all tax increases get passed on to consumers so they are just stealthy income tax increases in many ways. Our national debt is approaching dangerous levels and no one is taking the serious steps necessary to fix it. This link will take you to some pretty neat graphics on the budget. Time to seriously consider the Fair Tax! Check out the calculator...