Posts Tagged ‘National Debt’

Obama Holds America Hostage In Attempt To Punish Success

November 29th, 2012 Scott
wink-obama

Barack Obama is threatening to allow Federal taxes to increase on the 54% of Americans who actually pay Federal taxes, unless the GOP agrees to increase taxes on families and small businesses who earn more than 250k per year. There is no justification for increasing these taxes, being the tax increase does nothing to offset deficit spending or pay down the national debt.

Economists warn that the increased taxes would actually hurt the economy by limiting growth, resulting in fewer tax dollars flowing into the treasury, which would actually balloon the debt and deficit.

So why would Obama push for this? Well, Obama has stated that it’s just a matter of “fairness”. Clearly, the president cares more about punishing successful families and businesses, than solving the dire fiscal issues that we face as a nation.

The NYT and other media outlets have calculated that the increased taxes would generate $850 billion over 10 years, which works out to only $85 billion per year. Considering the U.S. government spent $3.5 trillion in 2011, $1.3 trillion in borrowed money, it’s clear the $85 billion per year in increased taxes does nothing to solve the fiscal issues that face all Americans. When you factor in the decrease in economic growth that comes with higher taxes, Obama’s misguided tax policy, based on some leftist notion of “fairness”, is much more detrimental to solving America’s fiscal problems, than it is beneficial.

Isn’t it time for America to reject the device class warfare policies that do nothing to solve problems? Aren’t we tired of politicians, on both sides of the aisle, who refuse to limit the size and scope of government? Perhaps it is time to point the finger at the Democrat and Republican parities for their utter failure and place the blame on squarely on them. It’s time for voters to recognize that the two parties are simply blaming one another for the problems that both of the them are equally responsible for causing.

If the two parties are unwilling to take responsibility for the problems they have caused, perhaps it’s time to consider rejecting both parties and supporting a 3rd party of responsible citizens who are actually interested in solving the critical issues we face.

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Super Committee or Stupor Committee?

November 22nd, 2011 Scott
usbroke

The gaggle of cowardly political establishment hacks, known sarcastically as the “Super Committee”, failed to come up with any more fake spending cuts in their insincere effort to decrease America’s $15 trillion dollar debt. I would strongly urge the reader to take a look at the real purpose of the “Stupor Committee”, previously explained on Upstate Voice in the article entitled: The Truth Behind The Debt Ceiling Bill (S.627)

The fact of the matter is that there were never any “cuts” on the table. Even with the $2.1 trillion of so called “cuts”, the deficit will balloon to well over $23 trillion dollars over the next 10 years. From where I stand, that amounts to a HUGE increase in the national debt, NOT a cut. Decreasing the “rate of growth” is not a “cut” and those who claim otherwise are being dishonest with the American people. Why isn’t the press setting the record straight?

It is the responsibility of the press to make clear to American citizens that there were never any “cuts” on the table. Increasing the national debt from $15 trillion dollars to over $23 trillion dollars is not a cut by any stretch of the imagination. The press should never use the term “cut” when referring to what amounts to little more than financial gimmicks used by politicians who pretend they are concerned about the debt. One can only conclude that the press is complicit in the lies and are helping to promote the scam being perpetrated on the American people.

As noted by Senator Rand Paul, a simple spending freeze would save the country $9 trillion dollars over the next 10 years. A REAL “cut” of 1% of actual spending would balance the budget in only 8 years.

The above video does an excellent job of explaining the real situation the United States finds itself in. It’s almost criminal that most of the the media refuse to report the facts and refuse to tell the truth to the American people.

I would urge everyone who happens to stumble upon this post to share it with as many people as they can, in a effort to expose the deception of entrenched politicians and their dishonest cohorts in the lamestream media.

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Obama Calls For More Spending After First Stimulus Failed Miserably

September 8th, 2011 Scott
obama-seiu

As expected, Obama called for another round of stimulus spending during his much ballyhooed “Jobs Speech” before a joint session of Congress on Thursday night.

Obama proposed $450 billion in new spending while announcing the so called “American Jobs Act”, but as usual, he gave few details on how or when the new speeding would be “paid for”. According to Obama, the “rich” will be taxed more. But, who defines “rich”? If the “rich” are those making 200K or more a year, that would mean taxing small businesses, at the time we should be incentivizing small businesses. Obama went on to engage in an incomprehensible, out of both sides of the mouth, disgusting display of class warfare that brought forth a well deserved round of load moans from conservatives in the chamber.

Obama referred to the new spending as being “targeted” and I’m sure that will be the case. Just as with the first stimulus, it will be targeted to bail out liberal states whose public sector unions and their political cronies have bankrupted their treasury with ridiculous benefits and Cadillac pension/health care plans. The only jobs this stimulus will save is unionized government jobs, at the very time in our history that big government bureaucracy should be cut.

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Democrats Attempt To Shift Blame For The Obama Downgrade

August 8th, 2011 Scott
obama-sad

In a transparent attempt to shift the blame for S&P’s credit downgrade of the federal government, Obama trots out his surrogates to blame the Tea Party movement and S&P for his disastrous fiscal policy. The administration’s allies in the media are also on board with the narrative, as websites from Salon to Huffpo attempt to deflect attention away from Obama’s epic failure to lead us out of our financial crisis.

In yet another out of touch and meaningless speech, President Obama steps in front of the microphone today and proposes new taxes be raised to pay for even more stimulus sending. Not even the lowering of America’s credit rating can move President Downgrade away from his ideological tax and spend agenda.

Obama doesn’t deserve all the blame for America’s massive debt but he (and his party) are certainly to blame for the credit downgrade. The Democrats intransigent stance regarding the amount and timeliness of spending cuts led directly to the credit downgrade. The GOP had offered several plans that would have satisfied S&P, including Cut, Cap & Balance. Evidently, the idea of a balanced budget is a radical notion (and DOA) in the hotbed of progressivism known as the U.S. Senate.

The problem is that Bush increased the national debt from $6 trillion to over $10 trillion during his eight years in office, an increase in the debt of over $4 trillion, which is outrageous.

Instead of solving our debt problems as promised, Obama has increased the national debt by $4 trillion in less than four years and is now increasing the debt by $1.5 trillion a year. At that rate, Obama will have increased the national debt by more than $10 trillion in an eight year period, which is even more outrageous. At the current rate of spending, by the end of two terms, Obama will have incurred more debt than all of the previous presidents combined, including Bush.

The very enlightening chart below shows how the national debt has been increased, depending whether the Democrats or Republicans control congress.

Click for larger image

It is interesting that when Democrats are in control of Congress or when the Congress is split (as it is now), debt as a percentage of GDP increases. However, when the GOP are in control or Congress, debt as a percentage of GDP decreases or stays flat.

Regardless of who is in control of congress and in light of Obama’s failed stimulus, it should be clear that increasing taxes and massive federal spending will never solve America’s debt crisis.

The idea that increased revenue would be used by politicians to pay down the debt is patently absurd. History has shown us that any increased tax revenue will most certainly be used to grow the size of government, not to decrease our national debt. That is the sad truth, no matter what the politicians are currently claiming.

Posted in Headlines, National Politics, News Tags: , , , , 6 Comments »
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