Wayne Allard: “on the campaign trial, Senator Obama has called for about 188 proposals of new spending. What this amendment consists of…”

“on the campaign trial, Senator Obama has called for about 188 proposals of new spending. What this amendment consists of is this. We take 111 of those new spending proposals and we put them in this amendment. If you look at it with the 2009 5-year budget, it will cost this country around $1.4 trillion. The argument has been made on the campaign trail this will be paid for by taxing the rich. That is not possible. If you apply tax increases to those who make $250,000, or more per year, all you come up with is about $225 billion. That is not even close to what it takes to pay for all these new proposals. What you are going to do is have to cram your hands into the pockets of small businesses and the middle-class families and yank the money out of their pockets and send it to Washington to pay for a bloated bureaucracy. The point of this amendment is you cannot pay for all the spending by taxing the rich.”