March 17th, 2009 • 1:31 pmBudget Blogger Conference Notes
I just finished participating in a “Whip Blog Conference Call” with Kevin McCarthy, Mark Kirk and Jim Jordan.
According to this pdf file, President Obama’s budget increases debt at a faster rate than the CBC’s budget, which is saying something considering the fact that the CBC’s budget is the most radical congressional budget.
I asked about the inflationary impact that President Obama’s Cap and Trade tax increase will have. Rep. Jim Jordan said that it’s potentially the most dangerous proposal in President Obama’s budget. Rep. Jordan said that, in addition to increasing taxes on everyone, especially those of us living in the Midwest and the Rust Belt States, would jump dramatically, dramatically driving up home heating bills.
Rep. Jordan said that “India and China won’t put the same restrictions on themselves”, meaning that we’ll be at a competitive disadvantage.
Noel Sheppard asked about President Obama’s budget forecasting a growth rate of 3.2 percent next year. He asked how they can project that considering the fact that we’ll likely still have unemployment rates north of 8 percent. Rep. McCarthy said that they’re trying to get outside analysis of President Obama’s projections. Rep. McCarthy said that President Obama’s credibilty is taking a hit as a result of those projections.
The other news coming from today’s call is that the Republican’s alternative budget will be put out next week. They said that they’ll have specific policies unlike how President Obama put $634,000,000,000 in his budget for health care reform, then omitted what his reform includes.
All three representatives said that their budget would include tax cuts and true fiscal restraint.
Technorati: Budget, Budget Forecast, Cap And Trade, National Debt, Unemployment, Inflation, Tax Increases, CBC, Mark Kirk, Jim Jordan, Kevin McCarthy, Fiscal Restraint, Tax Cuts, Conservatism
Cross-posted at California Conservative
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[...] blogger conference call with Rep. Jordan, Rep. Kirk & Rep. McCarthy was fascinating. I said in this post that the most appalling information of the call was that the C & T tax increase would wipe out [...]
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