Sunday - July 17, 2011

Straight Up BS

And I double guarantee you that there was NO filter question before that one, that asked “Do you currently pay income taxes?”

Pure BS from the king BSer hisself.

Obama: Public is ‘sold’ on tax increases in a debt-ceiling deal

President Obama on Friday kept up the pressure on Republicans to agree to revenue increases in a deal to raise the debt ceiling, claiming 80 percent of the public supports Democrats’ demand for tax increases.

“The American people are sold,” Obama said. “The problem is members of Congress are dug in ideologically.”

Throughout the press conference, Obama blasted Republicans for ignoring what he said is the will of the American people by rejecting tax increases that would balance out spending cuts in a debt package.
...
Obama repeated his warning that the country is “running out of time” to avert a financial “Armageddon.”

“We should not even be this close on a deadline,” Obama said. “This is something we should have accomplished earlier.”

The president’s press conference came the day after he wrapped up debt-ceiling negotiations at the White House and gave congressional leaders 24 to 36 hours to consult with members on a possible compromise. Obama is pushing for a sweeping package that would save $4 trillion over 10 years.

Obama said he is still pushing for a “big” deal to raise the debt ceiling by the Aug. 2 deadline despite the hardening of positions on Capitol Hill.

“I always have hope,” Obama said. “Don’t you remember my campaign?”

And the whole crop of them ought to be fired anyway: they have failed to do their basic assignment: it is now 809 days that the federal government has been without a formal budget.

“The Senate has a legal obligation to pass a budget every year but has not done so for more than two years,” said Jenny Beth Martin, National Coordinator of Tea Party Patriots.

“Democrats have controlled the Senate and the White House since the election of 2008, and the House of Representatives up until this year.  Certainly they could have passed any budget they desired, including one with tax increases and spending increases.  But they chose to ignore the 800-day gorilla in the room because they don’t want to be on record supporting a budget that actually does what they want.  Then the public could hold them accountable for their cowardly and irresponsible behavior in the face of national fiscal calamity.”

The Democrats have not even proposed a budget.
...
Back in May, Senate Majority Leader Harry Reid (D-NV) stated, “There’s no need to have a Democratic budget in my opinion.  It would be foolish for us to do a budget at this stage.”

Deeper thoughts on the whole spending thing; a short read here, with graphics:

Discussions by policymakers to increase the US debt limit are in the eleventh hour.  Sadly, so far the circus of intense political posturing has avoided highlighting the real issue.

It is not the debt capacity of the US government that is of primary importance, nor how much will be cut from proposed federal spending over the next ten years.  There is something fundamental at stake here and much more important to the future of the US.  It will be made clear by the outcome of budget cuts, if any are finally made.  It is, namely, the adversative relationship between the country’s public and private sectors, or to put it bluntly, the tax-eaters versus tax-payers.
...
The feathers are being plucked from the goose at a record rate. Government spending has become an even bigger force in the economy than when the US was on a war-footing during World War II.  Never before has government consumed so much of the private sector’s wealth creation.

The important conclusion to be made from the above chart is that Americans who produce wealth are getting squeezed. This picture of economic activity clearly illustrates that tax-eaters have never been more burdensome to wealth-producing tax-payers.

The above chart illustrates the great extent to which the US has become reliant upon socialist dogma.

Posted by Drew458     on 07/17/2011 at 10:52 AM   
Filed Under: • Economics • Government • Obama, The One •  
• Comments (2) • Trackbacks(0)  Permalink •  

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