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Obama demands $1.6
trillion tax boost, and an unlimited credit card
Are you being taken for a fool. Does that make you angry? It should. No one wants or likes to be taken
for a fool. Do think for one moment that the 51% win by Obama was a mandate to
tax you even more?You have credit cards and you have friends with credit
cards. If so, you know one or more persons
that have maxed out their credit cards. If
they came to you for advice, would you advise them to go back to the credit
card company and ask them for an unlimited credit limit? You can hear the person on the other end of
the line laughing out loud, yes? Sure
you would. Would you give them more
money? Why? They would spend it all and come asking for
more, that's why! The issue facing this country is no more complex than
running your own household.
But somehow, you want to see it differently. You want to believe that the Obama regime and
other pundits that claim "Debt" is a good thing is true? You know it is not true! Debt is as bad as you know it is!
Because, you KNOW the consequences of NOT being able to pay the debt. Further, you may not fully understand what
happened in Britain and what is happening in France, Greece, Spain and all of
Europe; it is DEBT. Do you remember Obama running on a platform to raise taxes
by $1.6 Trillion? Probably not. You may remember something about the rich
needing to pay their fair share. According to the New York Times, the
president’s plan to abolish the Bush tax cuts for those making more than
$250,000 is expected to bring in merely $0.7 trillion over the next decade, or
about 0.4 percent of Gross Domestic Product per year. As a comparison, the
Congressional Budget Office estimates that the deficit over the same period is
going to be $13 trillion, more than 6 percent of GDP per year. The president’s
plan to abolish the Bush tax cuts for those making more than $250,000 is
expected to bring in merely $0.7 trillion over the next decade, or about 0.3
percent of GDP per year. The rich in America obviously have lots of money,
but there are simply not enough of them to fund the president´s preferred level
of spending. For all the attention it has received, President Obama’s “taxing
the rich” policy can best be described as symbolic in nature, a rounding error
compared to the deficits in the president’s budget. Obama centers his
speeches around tax hikes on the rich to lead voters into believing that hard
choices on the economy can be avoided simply by taxing the rich at a higher
rate. The recent facts are he wants Congress to levy twice as much in extra
taxes from Americans as he urged during the election campaign, give up its
control over the nation’s debt limit, and fund an immediate $50 billion stimulus for his political
priorities. So,
don't be fooled or made to be a fool in this debate over the fiscal cliff.
++++++++
Gambling With the Nation's Future
Good news, America:
Those who believe that our nation has "barbarians at the gates" are
dead wrong. The bad news: The barbarians are already well inside the gates,
running the federal government. The Barbarian-in-Chief himself recently served
up this point by lamenting, "I cannot just impose my will on Congress ...
even though sometimes I wish I could." Tyrants like to impose their will
on legislative branches. Thank goodness this president would never really
do that. Within that context, we consider the fiscal cliff and related debt
ceiling. A little history: The cliff looms not just because of expiring tax
cuts, but because of a deal to raise the debt ceiling in 2011, in which certain
cuts would happen automatically if Congress couldn't hammer out better details.
Naturally, Congress displayed its usual inability to come up with even puny
cuts, so here we are. Treasury Secretary Timothy Geithner offered House
Republicans the first post-election White House deal: $1.6 trillion
in higher taxes over 10 years (higher rates on the wealthy will generate only $80 billion annually, if that), $180
billion in new spending and vague promises to cut entitlement
spending (growth) at an indeterminate future date, all while giving the
president the power to unilaterally raise the debt ceiling, perhaps
permanently. Sounds to us like he might be trying to "impose his will
on Congress." Obama, of course, is promising the same thing Democrats
always do: Higher taxes now and mythical spending cuts later. Picture Lucy
pulling the football away from Charlie Brown and you get the idea.
~~~~~~
The Fiscal Cliff
About To Expose Another Medicare Scam by Mark Horne
Why would the fiscal cliff mean that doctors
would suddenly take a thirty percent cut in their billing? Nothing was said
about that last year when the deal was made. Part of the problem is that deal
wasn’t made last year. It was made fifteen years ago and then hidden under fig
leaves. Those leaves are going to fall away on January 1. Back to 1997, the
basic bankruptcy of Medicare was too obvious for Congress to deny. They felt
they had to do something about it. Basically, seniors were demanding using the
program more and more, as is likely to happen when you give away free money. So
Congress determined by law that every year that expenses went up above a
certain amount, the Medicare reimbursements would go down to compensate.
Basically, they tried to impose price controls on medicine in order to
counterbalance the inherent price inflation and expansion that such “free
money” programs naturally produce. Imagine
if, when Congress raised the debt ceiling they claimed they were going to bring
it back down next year, and pay off all the extra debt, so that they really
didn’t need to project that debt into the future. Basically, that is what has
been happening with Medicare. Congress has not only refused to cut
reimbursements, but has also calculated the projected deficit on the assumption
that those cuts will be made next year. Every year they are not made and every
year out official deficit hides yet another liability from public perception. It is amazing to hear
the liberal media admit
all this, like all it means is that we must somehow invent antigravity in
time for the fiscal cliff. They don’t even show curiosity about learning any
lesson about economics or why the welfare state might be something that
destroys the general welfare. Conclusion: But there is no such thing antigravity. The only alternative to the fiscal cliff is a higher cliff downstream. We either cut
spending or we cut more spending when we have fewer of our own resources. We
either start reducing the deficit or we suddenly run out of money. Our
political leaders and their elite cheerleaders are plainly idiots, assuming some among them have not been
actively planning to bankrupt the nation.
~~~~~~
White House: Obama
'Will Not Sign' a Deal Unless It Increases Taxes By Terence P. Jeffrey
White House Press
Secretary Jay Carney said today that no matter what else happens President
Barack Obama--who is the only modern president other than Franklin Roosevelt to
serve in four years when federal spending topped 24 percent of GDP--will not
sign a deal to avoid the so-called fiscal cliff that will arrive at the end of
this year unless that deal increases taxes. "So the President made
clear that he is not wedded to every detail of his plan," said Carney.
"The President has also made categorically and abundantly clear that he
will not sign an extension of the Bush-era tax cuts for top earners. It’s bad
economic policy and we cannot afford it. He will not sign that."
According to official calculations made by the White House Office of Management
and Budget that go back to 1930, Barack Obama and Franklin Roosevelt are the
only two presidents who have served in four fiscal years when federal spending
exceeded 24 percent of GDP. Roosevelt did so in 1942, 1943, 1944, and 1945
(when he died in office). Obama did so in 2009, 2010, 2011 and 2012. If the Bush tax rates expire and federal
law snaps back to the Clinton rates, income up to $17,000 will get a 50 percent
tax increase, going from 10 percent taxation to 15 percent taxation. Income
between $17,800 and $60,350 will stay at the 15 percent tax rate. Income
between $60,350 and $145,900 will get a 12 percent tax hike, with the rate
jumping from 25 percent to 28 percent. Income in the $145,000 to $222,300 range
will get an 11 percent tax hike, with the rate jumping from 28 percent to 31
percent. Income in the $222,300 to $397,000 range will get a 9 percent tax
hike, with the rate climbing from 33 percent to 36 percent. And income above
$397,000 will get a 13 percent tax hike, with the rate climbing from 35 percent
to 39.6 percent. Sound fair to you?
~~~~~~
Bozell to GOP:
Raise Taxes and Conservatives Will Close Their Checkbooks By Michael Conservative leader L.
Brent Bozell III
sent a letter to the Republican National Committee (RNC) this week stating that
if Republicans in Congress agree to raise taxes as part of a deal to
avert the “fiscal cliff,” he will make it his mission to ensure that
conservatives close their checkbooks to the GOP or to any member of Congress
who backs a tax increase. “[I]f Republicans break their promise to the American
people and vote for tax increases, the only thing going off the cliff will be
the Grand Old Party itself,” said Bozell in his letter to RNC Chairman Reince
Preibus. “[I]t pains me to say this, but if the Republican Party breaks its
word to the American people and goes along with President Obama with tax
increases, it will have betrayed conservatives for the final time.”
~~~~~~
Boehner: Time for
‘Adult Leadership’ from WH on Fiscal Cliff By Elizabeth
Harrington
“All eyes are on
the White House,” said Boehner during a Capitol Hill press conference on
Thursday, contending that House Republicans have put their cards on the table
by offering a combination of revenue generators -- in the form of closing tax
loopholes -- and spending cuts in exchange for extending the Bush tax rates for
all Americans. “The economy is on the line and this is a moment for adult
leadership,” Boehner said. “Campaign-style rallies and one-sided leaks to
the press are not the way to get things done here in Washington.” Boehner maintained his position that raising
tax rates is not an option, but said “revenue is on the table,” referring to
his post-election press conference in which he said he was open to new revenue
in the form of closing tax loopholes and deductions. “But revenue was only on
the table if there were serious spending cuts as part of this agreement,” he
said. “It has to be part of the agreement.” “We have a debt crisis!”
Boehner said. “We’re spending too much. And while we’re willing to
put revenue on the table we have to recognize it’s the spending that’s out of
control.”
~~~~~~~
Quote of the Week --by Charles Krauthammer
"Obama is claiming an electoral mandate
to raise taxes on the top 2 percent. Perhaps, but
remember those incessant campaign ads promising a return to the economic
nirvana of the Clinton years? Well, George W. Bush cut rates across the board,
not just for the top 2 percent. Going back to the Clinton rates means
middle-class tax hikes that yield four times the revenue that you get from just
the rich. So give Obama the full Clinton. Let him live with that. And with
what also lies on the other side of the cliff: 28 million Americans newly
subject to the ruinous alternative minimum tax. Republicans must stop
acting like supplicants. If Obama so loves those Clinton rates, Republicans
should say: Then go over the cliff and have them all. And add: But if you
want a Grand Bargain, then deal. If we give way on taxes, we want, in return,
serious discretionary cuts, clearly spelled-out entitlement cuts and real tax
reform. Otherwise, strap on your parachute, Mr. President. We'll ride down
together."
~~~~~~
Democrat
Congressman Wants Congress to Restrict Free Speech by Gary DeMar
This is the type of idiots we are sending to Washington. How can anyone take this person seriously? In addition to being a total idiot on the subject of what corporations do, Johnson went on to say that the Bill of Rights, found in the Constitution that he took an oath to uphold, should be amended so that the government (that would be him) is given the power to restrict freedom of speech. Freedom of speech for me, but not for thee. “We need a constitutional amendment to allow the legislature to control the so-called free speech rights of corporations.” This is the same Hank Johnson who was worried that too many people on the island of Guam would tip it over:
This is the type of idiots we are sending to Washington. How can anyone take this person seriously? In addition to being a total idiot on the subject of what corporations do, Johnson went on to say that the Bill of Rights, found in the Constitution that he took an oath to uphold, should be amended so that the government (that would be him) is given the power to restrict freedom of speech. Freedom of speech for me, but not for thee. “We need a constitutional amendment to allow the legislature to control the so-called free speech rights of corporations.” This is the same Hank Johnson who was worried that too many people on the island of Guam would tip it over:
“In a discussion regarding a planned military buildup on the Pacific
island, Johnson expressed some concerns about the plans [of] Adm. Robert
Willard, head of the U.S. Pacific fleet. “My fear is that the whole island will
become so overly populated that it will tip over and capsize,’ Johnson
said.”
~~~~~~
UK Death Panels
Kill by
Philip Hodges
The UK’s health
system is run by the National Health Service (NHS) and is funded mostly by
taxes. Different “care pathways” are used to manage each patient’s health
depending on the severity of illness. If the doctor decides that the patient’s
condition is beyond treatable, and death is imminent, the patient is put on the
“Liverpool Care Pathway for the dying patient” (LCP). The LCP functions much
like hospice care here in the U.S. Its function is to keep patients as
comfortable and pain-free as possible in their last hours of life. Nourishment
is provided by tube, strong sedatives such as morphine are administered, and
since treatment for their illness is halted, patients usually die within about
33 hours of being placed on the LCP. Nearly 30% of people who die in the
hospital every year in the UK are people on the LCP. That’s about 130,000
people. For years, people have been trying to sound the alarm that doctors are
taking advantage of this particular care pathway by using it as a tool to
euthanize thousands of elderly patients per year. According to Professor
Pullicino, an English neurologist, many patients’ conditions are not
properly analyzed prior to being placed on the LCP and are placed there simply
to free up beds or to get rid of difficult-to-deal-with elderly patients. Many
of these patients could have lived much longer if it weren’t for being put on
the LCP prematurely. This is the future of Obamacare, and it’s one of many
reasons it needs to be completely destroyed. It doesn’t need adjustment or
tinkering around the edges. Obamacare needs to be euthanized and aborted.
~~~~~~
Hillary Clinton
Says American Taxpayers Can and Should End Foreigners’ AIDS by Gary North
Lat year, taxpayers
worldwide forked over $17 billion to Third World dictators, who probably
pocketed most of the money. It was all done to “fight AIDS.” Of this, U.S.
taxpayers contributed $5.6 billion. It’s not enough, says Mrs. Clinton.
Taxpayers must do more. Lots more. She says it’s our responsibility to clean
up the effects of Third World sexual maniacs. Her slogan: “They diddle. We
pay.” We can do it, she says, which means you. She gets paid to spend our
money. She gets free plane fare and rooms in 4-star hotels in exotic lands to
promise goodies from us. The sales device is to save the children. We owe it to
the children. So get busy. Earn a little
extra money, which the Feds will extract from you. All over the Third World,
young men are working hard all night. You must work harder during the day.
Another example of the government forcibly extracting money from citizens to
spend on other than our own Nation's needs.
~~~~~~
GOP Rejects Obama
Offer of $1.6 Trillion Tax Increase
Congressional Republicans dug in to fight President Barack Obama’s plan to skirt the fiscal cliff, rejecting his tax-and-spending proposal as the president heads out today to sell it to the American public.
Congressional Republicans dug in to fight President Barack Obama’s plan to skirt the fiscal cliff, rejecting his tax-and-spending proposal as the president heads out today to sell it to the American public.
Treasury Secretary
Timothy Geithner shuttled among congressional leaders yesterday with a plan to
trade $1.6 trillion in tax increases for $400 billion in unspecified
entitlement program cuts, Republican congressional aides said. Republicans
complained that the offer was little more than a rehash of old budget
proposals, setting the stage for more contentious negotiations over the next
several weeks as the year-end deadline approaches for more than $600 billion in
spending cuts and tax increases to kick in. “If the president is going to lead
on this critical issue, he has to propose a plan that can actually pass,” said
Republican Senator Roy Blunt of Missouri. “This is simply not a serious
proposal.”
~~~~~~
McConnell 'Burst
Into Laughter' as Geithner Outlined Obama's Plan By FRED BARNES
Mitch McConnell, the Senate
Republican leader, says he “burst into laughter” Thursday when Treasury
Secretary Tim Geithner outlined the administration proposal for averting the
fiscal cliff. He wasn’t trying to
embarrass Geithner, McConnell says, only responding candidly to his one-sided
plan, explicit on tax increases, vague on spending cuts. Geithner’s visit
to his office left McConnell discouraged about reaching a “balanced” deal on
tax hikes and spending reductions designed to prevent a shock to the economy in
January. “Nothing good is
happening” in the negotiations, McConnell says, because of Obama’s insistence
on tax rate hikes for the wealthy but unwillingness to embrace serious spending
cuts. Geithner suggested $1.6 trillion in tax increases, McConnell says, but
showed “minimal or no interest” in spending cuts. When congressional
leaders went to the White House three days after the election, Obama talked of
possible curbs on the explosive growth of food stamps and Social Security
disability payments. But since Geithner didn’t mention them, those reductions
appear to be off the table now, McConnell says.
~~~~~~
KRAUTHAMMER: GOP
SHOULD WALK AWAY FROM FISCAL CLIFF TALKS
“It’s not just a
bad deal, this is really an insulting deal. What Geithner offered, what you
showed on the screen, Robert E. Lee was offered easier terms at
Appomattox, and he lost the Civil War. The Democrats won by three percent
of the vote, and they did not hold the House. Republicans won the House. So
this is not exactly unconditional surrender, but that is what the
administration is asking of the Republicans. This idea – there are not only
no cuts in this, there’s an increase in spending with a new stimulus.
I mean, this is almost unheard of. I mean, what do they expect? They
obviously expect the Republicans will cave on everything. I think the
Republicans ought to simply walk away. The president is the president.
He’s the leader. They are demanding that the Republicans explain all the cuts
that they want to make. The Republicans are going to walk on this.
And I think they have leverage. Yes, for congressional Democrats, it will
help them in the future if Republicans absorb the blame, because we’re going to
have a recession. But Obama is not running again, unlike the
congressional Democrats. He’s going to have a recession, 9 percent
unemployment, 2 million more unemployed, and a second term that’s going to be
a ruin. That is not a good proposition if you are Barack Obama”
~~~~~~
15-Year-Old Afghan
Girl Beheaded For Rejecting Marriage Proposal
KUNDUZ, Afghanistan (CBSDC) — Afghan police arrest two men for allegedly beheading a 15-year-old
girl after her father turned down a marriage proposal. According to BBC News,
the two men who proposed the arranged marriage and attacked her are relatives
of the girl. “Our investigation shows those who killed her were people who
wanted to marry her,” a Kunduz province police official told the BBC.
The father did not
want his daughter to get married because she was “too young to be engaged.” CNN
reports the girl was killed near her family’s home while bringing back water.
According to The Washington Post, dozens of Afghan women kill themselves each
year in order to avoid arranged marriages.
~~~~~~
President Obama,
What is Your Plan?
Pause for 1 minute
and watch
~~~~~~
Is the relinquishment of the trial by jury and the liberty
of the press necessary for your liberty? Will the abandonment of your most
sacred rights tend to the security of your liberty? Liberty, the greatest of
all earthly blessings -- give us that precious jewel, and you may take every
things else! Guard with jealous attention the
public liberty. Suspect everyone who
approaches that jewel." --Patrick Henry,
Speech to the Virginia Convention, 1788
"It is the madness of folly, to expect mercy from those who have refused to do justice;
and even mercy, where conquest is the object, is only a trick of war; the cunning of the fox is as murderous as the violence of
the wolf." --Thomas Paine, The American Crisis, No. 1, 1776