In pursuit of Constitutionally grounded governance, free markets and individual liberty
"There is but one straight course, and that is to seek truth and pursue it steadily." --George Washington
_________________________________________________________________________________________________________
Obama: “We Don’t
Have a Spending Problem” by Greg Campbell
The gloves are coming off for the left as Democrats, led by President Obama, have seemingly crafted an even firmer stance against Republican efforts to cut spending. At a time when America has, for the last four years, continually run a budget deficit in excess of one-trillion dollars, Obama’s unwillingness to address even a fraction of what needs to be cut from government spending signals a complete unwillingness to embrace the realities of an economy that is rapidly becoming more and more unsustainable. Recently, Speaker of the House John Boehner sat down with Stephen Moore of The Wall Street Journal and discussed his tense back-and-forth meetings with Obama. Boehner shockingly admitted that in the course of their meetings, Obama actually proclaimed that “We don’t have a spending problem.” “What stunned House Speaker John Boehner more than anything else during his prolonged closed-door budget negotiations with Barack Obama was this revelation: “At one point several weeks ago,” Mr. Boehner says, ‘the president said to me, “We don’t have a spending problem.”’… The president’s insistence that Washington doesn’t have a spending problem, Mr. Boehner says, is predicated on the belief that massive federal deficits stem from what Mr. Obama called ‘a health-care problem.’ Mr. Boehner says that after he recovered from his astonishment—‘They blame all of the fiscal woes on our health-care system’—he replied: ‘Clearly we have a health-care problem, which is about to get worse with ObamaCare. But, Mr. President, we have a very serious spending problem.’ He repeated this message so often, he says, that toward the end of the negotiations, the president became irritated and said: ‘I’m getting tired of hearing you say that.’” It is said that admitting one has a problem is the first step towards recovery for those with an addiction. Clearly, Obama is still in the “denial” phase. However, while Obama doddles on coming to terms with the inarguable conclusion that government spends too much money, Americans are on the hook for a national debt that hovers around the ceiling of $16.4 trillion and running trillion dollar deficits will only continue to make this situation worse. “Mr. Boehner confirms that at one critical juncture he asked Mr. Obama, after conceding on $800 billion in new taxes, ‘What am I getting?’ and the president replied: ‘You don’t get anything for it. I’m taking that anyway.’” America has already reached the debt ceiling. Through manipulation of funds, Secretary of the Treasury Tim Geithner has created some headroom that is expected to last until February. Democrats have already solidified their position and many, including President Obama, have claimed that they will not entertain the notion of not raising the debt ceiling. Saying that that he “won’t play that game,” Obama has geared up for what will certainly be a tense exchange with the GOP next month.
The gloves are coming off for the left as Democrats, led by President Obama, have seemingly crafted an even firmer stance against Republican efforts to cut spending. At a time when America has, for the last four years, continually run a budget deficit in excess of one-trillion dollars, Obama’s unwillingness to address even a fraction of what needs to be cut from government spending signals a complete unwillingness to embrace the realities of an economy that is rapidly becoming more and more unsustainable. Recently, Speaker of the House John Boehner sat down with Stephen Moore of The Wall Street Journal and discussed his tense back-and-forth meetings with Obama. Boehner shockingly admitted that in the course of their meetings, Obama actually proclaimed that “We don’t have a spending problem.” “What stunned House Speaker John Boehner more than anything else during his prolonged closed-door budget negotiations with Barack Obama was this revelation: “At one point several weeks ago,” Mr. Boehner says, ‘the president said to me, “We don’t have a spending problem.”’… The president’s insistence that Washington doesn’t have a spending problem, Mr. Boehner says, is predicated on the belief that massive federal deficits stem from what Mr. Obama called ‘a health-care problem.’ Mr. Boehner says that after he recovered from his astonishment—‘They blame all of the fiscal woes on our health-care system’—he replied: ‘Clearly we have a health-care problem, which is about to get worse with ObamaCare. But, Mr. President, we have a very serious spending problem.’ He repeated this message so often, he says, that toward the end of the negotiations, the president became irritated and said: ‘I’m getting tired of hearing you say that.’” It is said that admitting one has a problem is the first step towards recovery for those with an addiction. Clearly, Obama is still in the “denial” phase. However, while Obama doddles on coming to terms with the inarguable conclusion that government spends too much money, Americans are on the hook for a national debt that hovers around the ceiling of $16.4 trillion and running trillion dollar deficits will only continue to make this situation worse. “Mr. Boehner confirms that at one critical juncture he asked Mr. Obama, after conceding on $800 billion in new taxes, ‘What am I getting?’ and the president replied: ‘You don’t get anything for it. I’m taking that anyway.’” America has already reached the debt ceiling. Through manipulation of funds, Secretary of the Treasury Tim Geithner has created some headroom that is expected to last until February. Democrats have already solidified their position and many, including President Obama, have claimed that they will not entertain the notion of not raising the debt ceiling. Saying that that he “won’t play that game,” Obama has geared up for what will certainly be a tense exchange with the GOP next month.
~~~~~~
The Obama Tax Bill Comes Due By David A. Patten
A growing chorus of economists is warning
that Congress’s last-minute fix to dodge the fiscal cliff could drain much more
cash from the taxpayers’ wallets than generally recognized – as much as $2.2
trillion over 10 years – and may significantly slow economic growth. The full effects of the new tax
laws jammed through the 112th Congress just before it dissolved are only
gradually emerging. Reflecting the progressive nature of the new tax structure,
the Tax Policy Center estimates that workers earning between $50,000 and
$75,000 will pay an about $822 more in taxes this year. Compare that to a
taxpayer with an income of $1 million, who is expected to shell out an
additional $170,000. Perhaps the
biggest surprise for taxpayers: Despite both parties’ promises during the campaign
that taxes would not go up for middle-income wage earners, The Tax Policy
Center reports taxes will rise for over 77 percent of American households. Most
of this stems from the expiration of the so-called payroll tax holiday. While
the number crunching continues in earnest, the tax wallop of the 157-page
American Taxpayer Relief Tax Act of 2012 that Congress passed last week is
gradually emerging [ is was passed 3 minutes after it hit the floor, no one
read it or did the math]. It includes:
- About $160 billion of revenue this year due to the expiration of the payroll tax “holiday,” which increases the payroll tax that helps fund Social Security from 4.2 percent to 6.2 percent. According to the Tax Policy Center, this increase will actually hit lower- and middle-income taxpayers harder, in percentage terms.
- $62 billion annually due to hiking the top marginal income-tax rate paid by the wealthy from 35 percent to 39.6 percent. This applies to the less than 1 percent of American households who earn $450,000 annually, and to single filers earning $400,000.
- $15 billion a year from limiting, via a “personal exemption phase out,” or PEP, the exemptions and deductions that wealthier families can claim. For a couple earning $400,000 that averages about $50,000 in deductions each year, the tax bill would rise by about $1,000 according to a Wall Street Journal calculation.
- $5.5 billion garnered by increasing the tax rate for capital gains and dividends from 15 percent to 20 percent (in addition to the 3.8 percent surcharge on investment income for the wealthy, which will kick to help defray the cost of Obamacare).
- Another $2 billion annually will be collected by increasing the top rate for gift and estate taxes from 35 to 40 percent.
The bottom line of
the new taxation: Less economic growth. “Compared to what the economy would
have been had we extended all tax policies,” Heritage Foundation Senior
Policy Analyst and tax expert Curtis S. Dubay tells Newsmax, “we’re going to
have a slower growing economy, we’re going to have fewer jobs, less opportunity
for Americans of all income levels.”
But the fiscal-cliff
taxes are only part of the story. That’s because the taxes that Congress
approved as part of the Patient Protection and Affordable Care Act, a.k.a.
Obamacare, are also kicking in this year as well. They
include:
- A nine-tenths of 1 percent increase in the hospital-insurance (Medicare) payroll tax paid by couples earning more than $250,000 a year, or $200,000 per year for single filers [raising $21 billion in additional 2013 tax revenue].
- A 3.8 percent surcharge in the tax rate for capital gains and dividends -- in addition to the “fiscal cliff” compromise that hiked taxes on capital gains and dividends from 15 to 20 percent – that will apply to married couples earning more than $250,000 per year, or single filers earning $200,000 [approximately $11 billion, estimated].
- Elimination of corporate deductions for retirees’ prescriptions, raising tax costs to employers [$4.5 billion].
- A 2.3 percent excise tax on manufacturers and importers of medical devices, which is expected to be passed along in higher costs to consumers [$2 billion].
- A reduction in the amount that middle-class families facing high medical expenses can deduct from their income taxes if they incur high medical expenses [$2 billion annually].
- A $2,500 limit on tax-free flexible spending accounts, which employees use to help defray medical expenses [$1.3 billion].
Combine the tax hike stemming from
health-care reform, the post-holiday increase in the payroll tax, and the tax
increases stemming from the fiscal-cliff bill, and the drain on the economy
could exceed $2.5 trillion over the next decade.
~~~~~~
Reality Check!
Obama Supporters Shocked, Angry at New Tax Increases
Sometimes, watching
a Democrat learn something is wonderful, like seeing the family dog finally sit
and stay at your command. With President
Obama back in office and his life-saving “fiscal cliff” bill jammed through
Congress, the new year has brought a surprising turn of events for his
sycophantic supporters. “What happened
that my Social Security withholding’s in my paycheck just went up?” a
poster wrote on the liberal site DemocraticUnderground.com.
“My paycheck just went down by an amount
that I don’t feel comfortable with. I guarantee this decrease is gonna’ hurt me
more than the increase in income taxes will hurt those making over 400 grand.
What happened?” Shocker.
Democrats who supported the president’s
re-election just had NO idea that his steadfast pledge to raise taxes meant
that he was really going to raise taxes. They thought he planned to just hit those filthy “1 percenters,” you know,
the ones who earned fortunes through their inventiveness and hard work. They
thought the free ride would continue forever. So this week, as taxes went
up for millions of Americans — which Republicans predicted throughout the
campaign would happen — it was fun to watch the agoggery of the left. “I
know to expect between $93 and $94 less in my paycheck on the 15th,” wrote the
ironically named “RomneyLies.” “My boyfriend has had a lot of expenses and is
feeling squeezed right now, and having his paycheck shrink really didn’t help,”
wrote “DemocratToTheEnd.” “BlueIndyBlue” added: “Many of my friends didn’t
realize it, either. Our payroll department didn’t do a good job of explaining
the coming changes.” [yes, blame HR] So let’s explain
something to our ill-informed Democratic friends. In 2009, Mr. Obama enacted a
“holiday” on the payroll tax deduction from employees’ paychecks, dropping the
rate from 6.2 percent to 4.2 percent. But like the holidays, the drop ended,
and like New Year’s, the revelers woke up the next morning with a massive
hangover and a pounding head. “Bake,” who may have been trolling
the site, jumped into the thread posted Friday. “My paycheck just went down. So did my wife’s. This hurts us. But
everybody says it’s a good thing, so I guess we just suck it up and get used to
it. I call it a tax increase on the middle class. I wonder what they call it.
Somebody on this thread called it a ‘premium.’ Nope. It’s a tax, and it just
went up.” Some in the thread argued that the new tax — or the end of the
“holiday,” which makes it a new tax — wouldn’t really amount to much. One
calculated it would cost about $86 a month for most people. “Honeycombe8,”
though, said that amount is nothing to sneeze at. “$86 a month is a lot. That would
pay for … Groceries for a week, as someone said. More than what I pay for
parking every month, after my employer’s contribution to that. A new computer
after a year. A new quality pair of shoes … every month. Months of my copay for
my hormones. A new thick coat (on sale or at discount place). It would pay for
what I spend on my dogs every month … food, vitamins, treats.” There is more
"shock" that these low-information voters will wake up to....hope
they can survive it.
~~~~~~~
Pelosi, Van Hollen, Durban: Americans Still Not Taxed
Enough By Susan Jones
(CNSNews.com) - Are
Democrats done raising taxes on the American people? "No," says House Democratic leader Nancy Pelosi (D-Calif.). "We can raise more revenue," says
Rep. Chris Van Hollen (D-Md.). And Sen. Dick Durban (D-Ill.) says
"there are still deductions, credits, special treatments under the tax
code which ought to be looked at very carefully." The three Democrats
took similar questions about additional tax hikes on different Sunday talk
shows. Interviewed Friday by Bob Schieffer, host of CBS's "Face the
Nation," Pelosi was asked if the
"revenue side" of the fiscal cliff is finished. Revenue means higher
taxes to Democrats. "No, no, it is not," Pelosi replied. "I
mean, the president had said originally he wanted $1.6 trillion in revenue. He
took it down to $1.2 as a compromise. In this legislation (fiscal cliff) we had
$620 billion, very significant, high-end tax -- changing the high-end tax rate
to 39.6 percent. But that is not enough on the revenue side." "Are
you talking about more taxes?" Schieffer asked Pelosi. "We're talking
about looking at the tax code, putting everything on the table from the
standpoint of closing loopholes -- and we know that we can do that -- special
subsidies for big oil, for example, $38 billion right there. "But
again, not to take things in isolation, just to say, OK, well, how much more
revenue can we get as we go forward?" Would Democrats eliminate tax
deductions, Schieffer asked Pelosi.
"My idea of tax reform is to
have a comprehensive view," she replied. "We've talked about tax
simplification and fairness as something that we should be engaged in all along
-- long before these fights came along. And now we have a chance to do that
with I'd say a heightened awareness by the public on why we need to do certain
things. "So let's, you know, put on the table what it is that we can, in
order to increase revenue. We've changed the rate, the high-end tax rate, (to)
39.6 percent, a very important step. And again, there's much more that we can
do by just subjecting it to the scrutiny of what is bringing in revenue, what
is creating growth. And we don't want to hurt that if there's some tax
provisions that create growth. We want to support that." If there was any doubt, the "tax and spend" Liberal
left sees no wrong nor an end to where taxes cannot be raised, think again.
~~~~~~
Pelosi on Raising Debt Ceiling Unilaterally: ‘I Would Do
It in a Second' By Elizabeth Harrington
(CNSNews.com) –
House Minority Leader Nancy Pelosi (D-Calif.) said Friday that she would raise the debt limit unilaterally
“in a second” if she were president of the United States. Pelosi and other
Democrats have suggested that the president could bypass Congress and
unilaterally raise the debt ceiling by invoking the 14th Amendment of the
Constitution, which states, “The validity of the public debt of the United
States…shall not be questioned.”
~~~~~
FLASHBACK: Obama: I Will NOT Take Your Guns Away By
Gregory Gwyn-Williams, Jr.
At a campaign event
in Lebanon, Virginia in 2008, then-Senator Barack Obama said that he will not
take Americans' guns away. "When
you all go home and you're talking to your buddies and you say, ah 'He wants to
take my gun away.' You've heard it here,
I'm on television so everybody knows it. I believe in the Second
Amendment. I believe in people's lawful right to bear arms. I will not
take your shotgun away. I will not take your rifle away. I won't take your
handgun away."
~~~~~~
Obama Blueprint for
Disarming Americans
The blueprint for how Americans would be disarmed during
a declared civil emergency is contained in an Army manual that outlines a plan
to confiscate firearms to prevent them falling into the hands of rioters or
dissidents. Given the imminent introduction of Senator
Dianne Feinstein’s draconian gun control legislation, which would instantly criminalize millions of gun owners in the United
States if passed, concerns that the Obama administration could launch a massive
gun confiscation effort have never been greater. In July 2012, the process
by which this could take place was made clear in a leaked US Army Military
Police training manual for “Civil Disturbance Operations” (PDF) dating from
2006. Similar plans were also outlined
in an updated manual released in 2010 entitled FM 3-39.40 Internment and
Resettlement Operations.
~~~~~~
Buchanan: “There
Would Be A Revolution” If Government Confiscated Weapons
PAT BUCHANAN: There
are three million ArmaLite rifles — those Bushmaster types — out there right
now, and people are buying them like hotcakes. Every gun show, the sales are up
enormously. Forty-one percent, they were up in December — for last December —
which was a record year. John, what is common though, Eleanor [Clift] is
correct, the push is going to come on three things: grandfather in the assault
weapons that are here now; to try to outlaw assault weapons, outlaw magazines
that carry more than 11 or 12 bullets; and also background checks at gun shows.
JOHN MCLAUGHLIN: With no Second Amendment, Congress could
pass a law, as limited as this: banning assault rifles or as sweeping as
prohibiting all private firearm ownership and requiring the surrender of all
privately held firearms.
BUCHANAN: There would be a revolution in this
country!
MCLAUGHLIN:
Baloney! That doesn’t mean you can’t own one, but you have to put it in first
and then go try –
BUCHANAN: There are 270 million guns in this country
right now, John, and they’re adding to them at a rate of 16 million a year.
(The McLaughlin Group, weekend of January 5, 2013)
~~~~~~
Gun Shows and Gun
Buying Breaking Records by Gary DeMar
Americans are
becoming even more distrustful of their government.
They are also fearful of a segment of
society that is hell-bent on taking our lives and property. It’s bad enough
that our legislators vote to steal our money. If it’s OK for politicians to act illegally, dismissing their oath to
uphold the Constitution that they swore to obey, so why is it wrong for others
to break into our homes and take the money directly? The
Constitution doesn’t give elected officials the authority to take our money in
ever greater amounts, and yet they do it every election cycle. Street-walking
thieves are using the same logic. “If Congress can violate the law, why can’t
we?” What’s different about a thief dressed in a suit and tie
who votes to use the power of the State to take our money and some guy dressed
in black Hoodie who creeps around in the dark to do it? At least we can protect ourselves against the creeping thieves, but not
if the government passes laws that make it illegal to buy and own guns for
protection. A woman in Georgia protected herself and her children after a
man broke into the house with a crowbar and began ransacking the house. The
woman hid in a closet with her twin daughters but not before getting a
.38-caliber revolver she kept in the house. When the intruder opened the closet
door, the protective mother shot the suspect five times in the face and neck. Since Congress and the President may try to
pass laws to make us defenseless, Americans are stocking up on weapons as
insurance against thieves, rapists, and murderers. That’s why we’re seeing
evidence of record gun buying from Florida to California.
~~~~~~
Sen. Ted Cruz:
Conservative Policies 'Improve Opportunity' By Susan
Jones
(CNSNews.com) - Ted
Cruz, the new U.S. senator from Texas, says he's a conservative because
conservative policies work. "The
reason I am a conservative is because conservative policies work, and they
improve opportunity. They are the avenue for climbing the economic dream. And
what I have been talking about for many years is opportunity conservatism, that
every policy should focus like a laser on easing the means of ascent of the
economic ladder that we should be championing the 47 percent, to take that now
infamous comment. Look, the great thing
about Americans -- Americans don't want to be dependent on government.
Dependency zaps the spirit. It doesn't work," Cruz told "Fox News
Sunday."
"Americans want to stand on their own two feet. And
the best way to do that is have policies that allow entrepreneurs and small
businesses to thrive and to create jobs and advance the American Dream." Fox
News Sunday substitute host John Roberts asked Cruz, "What's to prevent
you from becoming a spineless jellyfish here in the climate of
Washington?" Cruz said he's coming into office "surrounded by and
lifted up by those grassroots conservatives who I am happy to stand with over
and over again." "If we can
stand strong and insist on, number one, structural reforms to fix the problems,
and number two, pro-growth policies so we can grow the economy, we can get jobs
back; we can get people back to work, I think we can win that debate and win
that argument.
"I
don't think what Washington needs is more compromise. I think what Washington
needs is more common sense and more principle." "You
know, and this whole debate about the fiscal cliff, we've been talking about
taxes, we've been talking about spending -- noticeably absent from this equation has been growth. And the
biggest economic problem of the last four years has been the dismal economic
growth." It's not a popularity contest, Cruz
said: "This is about fixing the problems that are affecting millions of
Americans." "If we can get GDP up to 3 percent, 4 percent, 5 percent,
that will dramatically (raise) more revenue to pay off the deficit and debt.
But the way to do it is through pro-growth policies, not new and additional
taxes."
~~~~~~
"Besides
the advantage of being armed, which the Americans possess over the people of
almost every other nation, the existence of subordinate governments, to which
the people are attached and by which the militia officers are appointed, forms
a barrier against the enterprises of ambition, more insurmountable than any
which a simple government of any form can admit of."
--James Madison, Federalist No. 46, 1788
~~~~~~
Live a Joy-filled, Generous Life by
Rick Warren
“These instructions are not empty words — they are your
life! By obeying them you will enjoy a long life …” (Deuteronomy 32:47 NLT)
Many people think
the Bible is only filled with commands labeled “Thou shalt not …” They assume
the Bible is all about restrictions and making you lead a boring life. But God
wants you to live a joy-filled, healthy life. The last two factors for good
health that I want to share with you should put a smile on your face. Giving
generously is good for your health. Every time you are generous, every time you
are giving, it improves your health. You know, there are more promises in the
Bible about giving than anything else, because God wants you to be like him.
God is a giver. Everything you have is a gift from God. He’s generous, and he
wants you to be generous, too. The Bible says, “A generous man will prosper; he
who refreshes others will himself be refreshed” (Proverbs 11:25 NIV). Doesn’t
that verse just make you smile? There’s a reason why it always feels good to
help others, whether you’re giving financially, giving materially, or giving of
your time. Having fun is good for your health. God tells us in his Word that
life is meant to be enjoyed, not just endured. “A cheerful heart is good
medicine, but a crushed spirit dries up the bones” (Proverbs 17:22 NIV). I like
to put it this way: “He who laughs, lasts.” Learn to laugh at yourself, put
some play in every day, relax, chill out, and have some fun. Talk About It:
• How can you be
more giving with your money and time?
• How can you add
more play to your days?
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