{"id":271714,"date":"2010-02-01T20:48:15","date_gmt":"2010-02-02T01:48:15","guid":{"rendered":"http:\/\/www.personalliberty.com\/liberty\/national-taxpayers-union-calls-obama-out-on-spending-proposals\/"},"modified":"2010-02-01T20:48:15","modified_gmt":"2010-02-02T01:48:15","slug":"national-taxpayers-union-calls-obama-out-on-spending%c2%a0proposals","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/271714","title":{"rendered":"National Taxpayers Union Calls Obama Out On Spending\u00a0Proposals"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/pictures.directnews.co.uk\/liveimages\/Barack+Obama+state+of+the+union_1961_19591072_0_0_7052336_300.jpg\" alt=\"National Taxpayers Union calls Obama out on spending proposals \" align=\"right\" class=\"post_image\">During last week&#8217;s State of the Union address President Obama proposed a &quot;spending freeze&quot; on discretionary government expenses. However, the National Taxpayers Union (NTU) estimated that the president still called for at least $70.46 billion in new federal spending. <\/p>\n<p>According to the organization, Obama outlined 21 proposals that have a fiscal impact, including eight that would boost spending, three that would cut it and 10 whose costs or savings cannot be predicted at the moment.<\/p>\n<p>The most expensive item was the call to pass a cap-and-trade national energy tax legislation, with a predicted cost of $51.5 billion, not counting revenue increases or possible price hikes in energy bills, NTU calculated. <\/p>\n<p>Other pricey initiatives included immigration reform, at $9.8 billion, and subsidies for retirement savings among low-income Americans. <\/p>\n<p>Meanwhile, the proposal for student loan forgiveness and a new round of mortgage refinancing subsidies were unquantifiable at present. <\/p>\n<p>&quot;This analysis doesn&#8217;t include huge potential burdens from big-government healthcare legislation, a new &#8217;stimulus&#8217; plan or greater obligations to bailed out entities like auto companies and banks,&quot; said Demian Brady, policy analyst for the NTU Foundation. <\/p>\n<p>He concluded by saying that Obama failed to provide taxpayers with specifics regarding future direction of federal expenditures. <br \/><img decoding=\"async\" alt=\"ADNFCR-1961-ID-19591072-ADNFCR\" src=\"http:\/\/feeds.directnews.co.uk\/feedtrack\/justcopyright.gif?feedid=1961&amp;itemid=19591072\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During last week&#8217;s State of the Union address President Obama proposed a &quot;spending freeze&quot; on discretionary government expenses. However, the National Taxpayers Union (NTU) estimated that the president still called for at least $70.46 billion in new federal spending. According to the organization, Obama outlined 21 proposals that have a fiscal impact, including eight that [&hellip;]<\/p>\n","protected":false},"author":4205,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-271714","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/271714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4205"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=271714"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/271714\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=271714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=271714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=271714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}