the law, the budget office said it can no longer keep track of the spending. their ability to say this was a benefit to the federal budget is going to become more and more dubious as the years pass. take the employer mandate, for instance, which was delayed from 2014 until 2016 for employers with less than 100 workers, delayed one year for larger companies and softened so they only have to cover 70% of their workers. and since individuals were allowed to enroll until april 15, many will exceed the three-month limit to go without insurance or pay a fine, making it hard for the irs to enforce. and say, you owe us money because you didn t sign up in time to have insurance by march 1st. those two alone cost money. there was $102 billion that was supposed to come in the first two years. it also includes custom medicare including 250 billion
like america being number 19 when it comes to infrastructure. it just kind of turned out to happen on your watch. if congress fails to act, if they fail to act, current transportation funding is going to run out later this year. now they re trying to rob the fund from the postal workers. now, the president s bill provides $302 billion in funding over the next four years. if this bill is not approved, here we go again. 700,000 jobs could be in jeopardy. republicans need to stop obstructing and build some bridges and roads and the president has to put americans back to work. it takes the public and private sector to make this thing go and they need to reject the tpp and start approving these common sense bills to create jobs. what would be the question you would ask? yourself reppive as they go home this summer? how about number one, where do you stand on the free trade agreement that will send jobs overseas? how do you feel about being 19th in the world when it comes to
reconstruction overseeing $60 plus billion dollars. afghanistan reconstruction overseeing at least $102 billion. t.a.r.p., the 2008 bank rescue, $700 billion. and then you look at the health care law, congressional budget office estimates that to be $1.8 trillion over the next decade. the bill sponsor says there is risk of fraud and other problems. it s rip for political manipulation. we see a white house now that is now making a division to delay yet another element of the affordable care act with really no pretense about it. but they re trying to get past a midterm election. that s shameful and we ought to be able to speak to that directly with the thrust and the rig rigor of a special inspector general. nancy pelosi is not in favor of it. she suggests there is already enough oversight and that this is just an attempt to undermine
happy birthday, john. thank you. you woke up and said the one thing i want to spend my birthday is fox & friends. absolutely. you cut the budget on your birthday, by the way. thank you. that s a gift. speaking of what do you think of the new proposal here, the road? for you old people out there to explain the fallon joke, they don t know what a road map is and don t know what jobs are. but look, we re going broke. and they re going to argue about should we spend 6% more or 7% more? this is 6.8% more. inflation is 2%. can t they just limit it to the size of inflation? no. we are going broke. they re addicted to spending. addicted to spending. let s look at some of these. this is how it breaks down. $60 billion in increased tax. this is what the president is proposing. it s not going to happen. 13.5 million for the working poor. $302 billion on roads and bridges. i thought that was supposed to have been done before. shovel ready. shovel ready projects.
let that be known. it s not happening. all right. so, cutting spending is not happening. watching where all this is going down, michael? the budget blueprint has taken a lot of heat because it s seen as not making the tough choices about the major drivers of our debt. it s a $3.9 trillion plan laying out the president s priorities. it includes spending $302 billion on highways and railroads and mass transit. it provides more money for job training and preschool and it expands tax credits for an estimated 13.5 million low-income workers and it increases taxes more than $650 billion on higher-income americans and it adds $56 billion in fees for big banks. there are also tax increases for tobacco products and airline passengers. the president s plan in print form arrived up on capitol hill this morning this morning. congress prefers to do the budgeting itself, so it s not like whatever the president sent would be accepted but it can be