John Campbell: “what I hear here and what I see here are four things: tax, spend, smoke, and mirrors. Tax. We have seen, we have heard…”

“what I hear here and what I see here are four things: tax, spend, smoke, and mirrors. Tax. We have seen, we have heard half a trillion dollars over 5 years, massive tax increase as yet not clearly defined, but a massive tax increase nonetheless. Spend. Spending, that is, nearly a 7 percent increase in discretionary spending, that sort of spending which is unsustainable over time without constantly accelerating tax increases. So spending supposedly as the way to get us out of the deficit. Smoke. Smoke to hide those things which are not addressed in the budget, such as the spending necessary for the war in Afghanistan and Iraq, and to deal with the ever escalating entitlement spending that we have going forth. And mirrors used to make all of this look like somehow it is going to reduce the deficit over time, which I assure you, with the reduction to the economic growth that this will do and the additional spending that is in here and the lack of reform on any of that spending, I absolutely assure you, reducing the deficit is one thing this budget will not do.”