Like The Price At the Pump? Just Wait

In an interview today with Neil Cavuto on Fox News, John Thune, Senator from South Dakota has reveal that embedded with in Obama's 2012 budget could very well be a $435B excise tax coming to a pump near you.

Senate Republicans, including Senator Rubio, have sent a letter to the Obama Administration asking the administration what this new revenue stream to fund transportation is. What Senator Thune calls Phantom Revenue.

The administration appears to be evasive on the subject. But by all indications, this will be a federal tax increase on per gallon of gasoline.

When a barrel of oil now sits at $108 per barrel, and projected to go higher. Can Americans afford to pay more out of pocket cash to the Government.

House Budget Committee Gets Serious

Reid Ribble gets quite serious with Jacob Lew, Whitehouse budget director.
In hearings today about Obama continued and increasingly "growing deficits" budgets, this new 2012 budget continues this pace, but slightly lower then 2010 budget.


And Lew has been schooled well in the Obamanomics speak.
Note "Invest in our future, inherited a recession" and claims of "negative grow and job loss, to positive growth and creating jobs"


But in Ribble's footnote comment, you've got to nod your head in agreeance.


 "When all the adults in this room leave, when the cameras are gone and the television announcers go home, I believe there’s going to be a 5 year old sitting here holding the bill. I think that’s careless.”