(Source: The Heritage Foundation) On February 2, President Obama revealed his budget for fiscal year 2016-the first time the budget was released on time since 2010. His $4 trillion blueprint for the U.S. government would raise taxes to fund government largess. In 2016 alone, President Obama calls for $75 billion of spending in excess of the bipartisan budget caps set for 2016 and would add $363 billion in additional discretionary spending above the budget caps over 10 years. Taxes also explode under the President's budget, with $1.6 trillion in new taxes over the next decade. Spending on ineffective and unnecessary programs that increase the scope of government would flourish under the...
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