This week marks Barack Obama's historic first 100 days as President. Highlights of his Presidential actions are listed below.
Impact on Spending, Debt, and Taxes
• President Obama's $3.69 trillion budget will raise taxes on all Americans by $1.4 trillion over the next decade, and will permanently elevate federal
spending to nearly 23 percent of the entire economy by 2019-a level reached only three times since the end of World War II.
• The President's budget dumps a staggering $9.3 trillion in new debt-$68,000 per household-into the laps of America's children and grandchildren. This is more debt than has been accumulated by all previous Presidents in American history from George Washington to George W. Bush-combined.
• President Obama ordered his cabinet to identify and shave a collective $100 MILLION in administrative costs from their budgets after proposing 40,000 times that in his budget and spending bills.
• The President's budget proposes a $646 billion cap-and-trade tax that energy companies would immediately pass on to all consumers, including those
earning less than $250,000.
Impact on Foreign Policy
• The President approved a cut of 15 percent of the Pentagon's budget for missile defense and abandoning deploying defenses in Western Europe.
• Both President Obama and the Secretary of Homeland Security have been reticent to discuss the threat of terrorism, and Administration officials have issued a plethora of ambivalent and contradictory statements on homeland security and counterterrorism policies.
• The President declared that "50 years" of US policy had not worked as justification for reversing long-standing U.S. policies to isolate the Cuban dictatorship.
• President Obama's Justice Department released documents on terrorist interrogation tactics used by the CIA after 9/11, yet refused to declassify
and release additional material that describes the full scope and context of the program, including the effectiveness of the CIA interrogations.
Impact on Domestic Policy
• The President took over General Motors by firing the CEO.
• President Obama put the breaks on cheaper energy by delaying the opportunity to expand domestic supply through offshore drilling.
• The Obama Administration took the first official step towards federal regulation of carbon dioxide (the gas we exhale) by having the Environmental Protection Agency declare carbon dioxide dangerous to human health and the environment.
Source: Heritage Foundation.
Not ready to put
a ring on it, but I do like it.
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