The Patriot Post Chronicle 2-16-2011

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The Patriot Post Chronicle 2-16-2011
From The Federalist Patriot
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The Foundation

"He that goes a borrowing goes a sorrowing." --Benjamin Franklin

Editorial Exegesis

"As you pore over Obama's new budget, beware the budgeters' tricky talk. When you hear liberal journalists in the mainstream media repeat the line that Obama's new budget 'reduces the deficit by $1.1 trillion over 10 years,' don't believe it for a second. Obama is not actually reducing the current $1.65 trillion deficit by $1.1 trillion. Rather, Obama plans to borrow $1.1 trillion less than he would have under earlier projections. Those projections, contained on page 174 of the document the White House released Monday, assumed vast expenditures -- trillion or near-trillion-dollar deficits every year through 2021 -- so Obama is clearing a very low bar. Here is a more accurate description of what Obama's 2012 budget plan does: It adds $8.8 trillion in new debt between today and October 2021. That number would be even larger, except that Obama's budget also raises taxes by $1.5 trillion on corporations and high-income earners, imposing higher marginal rates and new limits on charitable and mortgage deductions. In Obama's fiscal 2012 budget, no hard choices are made on the key issue of entitlements, but individuals, families and business owners will still see their taxes go up. And Obama's plan for next year actually includes more discretionary spending than last year at the height of stimulus expenditures. ... Three months after Americans expressed their deep anxiety over the unwarranted and dangerous explosion of federal spending and power under Obama by giving Republicans their biggest midterm congressional election victory since 1938, Obama is still demonstrating that he doesn't get it -- Americans want government spending cut, government debt eliminated and Washington politicians in both parties to wise up or be replaced." --The Washington Examiner1

Upright

"The administration would have us believe that its enormous deficits are the new base line and that as long as we keep deficits at, say, $1 trillion, we are moving toward balancing the budget -- wholly ignoring that our national debt would be increasing by $1 trillion every year. You don't make progress toward balancing the budget by deliberately jacking up federal discretionary spending to unprecedented levels and then locking in those unsustainable figures with a spending freeze. You don't decrease deficits by first increasing them, and you can never make headway on reducing the national debt until you eliminate deficits altogether." --columnist David Limbaugh

"On Monday morning, President Obama dropped the bloated corpse of a bizarre, $3.73 trillion budget on the steps of Capitol Hill. It is a remarkable document, in that it extends the wildly irresponsible spending and Big Government devotion of Obama's first two years almost without hesitation, despite the historic pounding his party took in the 2010 midterm elections." --columnist John Hayward

"At last month's State of the Union, President Obama said America needs more passenger trains. How does he know? For years, politicians promised that more of us will want to commute by train, but it doesn't happen. People like their cars. Some subsidized trains cost so much per commuter that it would be cheaper to buy them taxi rides. The grand schemes of the politicians fail and fail again." --columnist John Stossel

"Now, [Hosni] Mubarak is gone [in Egypt]. And with President Obama's penchant for both engaging Islamist organizations in the U.S. and indulging even the ruthless Islamist leaders in Tehran, the [Muslim] Brotherhood knows the current administration won't dare use the lush U.S. financial support of Egypt as leverage to deny the Brotherhood a powerful role in the new government. Nobody knows this better than James Clapper. He cannot possibly believe the Brotherhood is secular. He can believe only that you can be duped into thinking the Brotherhood is secular. The administration has to do something because, in Egypt, a Brotherhood-influenced government is now inevitable. And we've seen in Turkey how Brotherhood-influenced becomes Brotherhood-dominated in short order. The Obama administration is preparing the political ground for failure." --columnist Andrew McCarthy

Insight

"No nation in history has ever survived a tax burden that reached a third of its national income." --Ronald Reagan

"East and West do not mistrust each other because we are armed; we are armed because we mistrust each other." --Ronald Reagan

The Demo-gogues

The BIG Lie: "Just like every family in America, the federal government has to do two things at once: It has to live within its means while still investing in the future. If your family [is] trying to cut back, you might skip going out to dinner, you might put off a vacation, but you wouldn't want to sacrifice saving for your kids' college education or making key repairs in your house. So you cut back on what you can't afford to focus on what you can't do without, and that's what we've done with this year's budget." --Barack Obama

Redefining terms: "What we're cutting here is not just waste, we have to actually cut some muscle. ... [Republicans] believe that we cannot afford these investments at this moment, and we believe we cannot afford not to invest at this moment." --Joe Biden using the trick word "investments" to describe outrageous federal spending

Mr. Centrist: "I recognize that there are gonna be plenty of arguments in the months to come and everybody's gonna have to give a little bit. But when it comes to difficult choices about our budget and our priorities, we have found common ground before. Ronald Reagan and Tip O'Neill came together to save Social Security. Bill Clinton and the Republican Congress eventually found a way to settle their differences and balance the budget, and many Democrats and Republicans in Congress today came together in December to pass a tax cut that has made Americans' paychecks a little bigger this year and will spur on additional economic growth this year. So I believe we can find this common ground." --Barack Obama

More Obama-as-Reagan claptrap: "The most challenging problem [at the 2004 Democrat National Convention] was what tie to wear. And this went up to the very last minute. ... And then somebody -- I don't remember who it was -- turned and said, 'You know what? What about Gibbs' tie? What about Gibbs' tie? That might look good.' And, frankly, Robert didn't want to give it up because he thought he looked really good in the tie. But eventually he was willing to take one for the gipper, and so he took off his tie, and I put it on. And that's the tie that I wore at the national convention." --Barack Obama alluding to himself as The Gipper