President Barack Hussein Obama released his long-awaited budget on Monday, and he did not disappoint…if you are a radical who wants to drive the greatest nation on Earth completely out of existence.

This unbelievably irresponsible budget projects the biggest one-year debt jump in history during 2011, nearly $2 trillion, reaching $15.476 trillion by Sept. 30, which would be the the end of the fiscal year. That would be 102.6 percent of Gross Domestic Product. This would be the first time since World War II that this shameful figure has been reached.

Additionally, this failure of leadership, called a budget, calls for Obama’s government to run a deficit of $1.645 trillion this year, which will be more than $230 billion over 2009’s budgetary record. By contrast, 2007’s deficit was just $160 billion altogether.

Gosh, didn’t the Dems take over Congress in 2007?

This new budget outlines more than $200 billion in higher taxes for oil and gas companies, banks and multinational firms, which will not make these businesses very happy, to say the least. It also leaves out an essential promise that Obama has made to big business:  overhauling the corporate tax code in order to lower the overall rate that businesses pay.

Caroline Harris, chief tax counsel for the U.S. Chamber of Commerce, said:

I’m just extremely disappointed. I certainly did not expect to see a full plan. But I did think some good-faith effort would have gone a long way with the business community.

The White House says it remains interested in working with lawmakers and businesses to overhaul of the corporate tax code.

And if you believe that, I have a bridge over the Mississippi River to sell you.

The budget increases also raise the fee that businesses pay the government to backstop their pensions plans.

This new proposal would allow the government agency that guarantees corporate pensions for 44 million Americans to raise premiums to make up for the agency’s own massive budget deficit. Even though the administration’s budget document said the proposal would raise $16 billion over the next decade, it would still fall short of what the Pension Benefit Guaranty Corp. needs to be solvent.

In order to cover for Obama’s gross negligence, Congress will be called on to vote to raise the debt limit later this year.

Republicans are not impressed by the president’s proclivity for sharing our wealth:

Sen. Lamar Alexander, of Tennessee said:

I still don’t see a sense of urgency from the president about the massive federal debt His budget calls for too much government borrowing — even though the debt is already at a level that makes it harder to create private-sector jobs.

Speaking of sharing our wealth…have you heard that the workers at Government Motors are all getting bonuses for the company’s turnaround, which was financed by our tax dollars?

The Government-subsidized General Motors showed a profit of $4.2 billion in the first nine months of 2010 and is expected to announce a fourth-quarter profit soon.

Nearly all of GM’s hourly workers are scheduled to receive a bonus payment of more than $4,000. This is more than double the previous record in 1999, which came at the height of the boom in sport utility vehicles and pickup trucks. Around 28,000 white-collar workers such as engineers and managers will get 4 to 16 percent of their base pay. And a few…less than 1 percent…will get 50 percent or more.

According to Bill Selesky, an auto industry analyst with Argus Research in New York, GM’s recovery is “dramatic” and he says that the lavish bonuses were needed to stop talent from jumping to other automakers, especially crosstown rival Ford.

He also said that the company is also trying to send a message:

It’s the new GM.

Fine. Pay back our money and use your own.

The bailout of GM cost American taxpayers $49.5 billion.

Republican Sen. Charles Grassley of Iowa said:

Since the taxpayers helped these companies out of bankruptcy, the taxpayers should be repaid before bonuses go out. It sends a message that those in charge take shareholders, in this case the taxpayers, for a sucker.

After living through the first two years of this administration, I agree .  The American people are all being played for suckers.