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« on: February 17, 2012, 04:07:35 PM » |
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The Patriot Post - Obama's Budget Blather
From The Federalist Patriot
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Obama's Budget Blather
By Mark Alexander · Thursday, February 16, 2012
Will Republicans reverse Liberty's slide into the socialist abyss?
"I ... place economy among the first and most important of republican virtues, and public debt as the greatest of the dangers to be feared. ... Taxation follows that, and in its turn wretchedness and oppression. ... We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude." --Thomas Jefferson (1816)
Barack Hussein Obama's socialist propaganda machine1 roared at full throttle this week, in defense of his "re-election campaign budget," the largest budget proposal in the history of our nation, by any measure.
Last week, Obama greased the class warfare skids2 at the National Prayer Breakfast where he asserted that the wealth redistribution scheme outlined in his budget "coincides with Jesus's teaching that 'for unto whom much is given, much shall be required.'" Making sure he covered his bases, Obama added, "It mirrors the Islamic belief that those who've been blessed have an obligation to use those blessings to help others, or the Jewish doctrine of moderation and consideration for others."
Of course, Obama's reference to Luke 12:48 was tantamount to what "TV preachers" do when prooftexting -- taking a piece of scripture out of context, reforming it to make a desired point, and thereby lining their pockets, or in Obama's case, lining his political fortunes.
Fact is, the Bible places the burden of stewardship on the individual, while Obama and his Marxist cadres3 advocate that state-enforced redistribution of wealth based upon the doctrines of Karl Marx: "From each according to his abilities, to each according to his needs."
Carrying the Marxist maxim forward, Obama presented his "Winning the Future4" (WTF) budget Monday, claiming, it is "a reflection of shared responsibility. And some people go around; they say, 'Well, the president is engaging in class warfare.' That's not class warfare; that's common sense."
Actually, by way of clarification on behalf of Obama's minions who have no common sense, his "shared responsibility5" language is class warfare rhetoric. And, WTF? Is that a budget proposal or a campaign slogan?
To that end, Obama's $3.8 trillion budget proposal demands tax increases of almost $2 trillion. It includes his "Buffet rule" 30 percent tax on incomes of more than $1 million, eliminating the alternative minimum tax, raising the highest tax bracket to almost 40 percent, raising capital gains taxes by more than 30 percent, taxing dividends as regular income, raising taxes on corporations and small business owners, targeting some financial occupations and banks for massive tax increases, burning down energy companies, refusing to extend the Bush-era tax cuts, and if he missed anyone in those groups, he's also proposing to raise the death tax from an outrageous 35 percent to a downright thievish 45 percent.
Oh, and for all of Obama's liberal constituents who think that only "the rich" will incur these tax burdens, remind them that when the price of doing business goes up, consumers -- regardless of income level or political affiliation -- pay for it in higher prices, on top of the inevitable inflation that accompanies massive government deficit spending. (Note: consumer prices may seem steady, but when you take deflating real estate out of the equation, inflation is heating up rapidly.)
Laughingly, Obama shamelessly condemned the last "decade of deficits" and had the audacity to claim, "My budget lays out a path for how we can pay down these debts." His proposal, even with huge tax increases attached, actually increases debt by another $6.7 trillion this decade. Of course, Democratic Socialists6 are not about to let such stubborn facts interfere with their WTF political agenda.
For the rest of us, the facts are as follows: On the day Obama released his first bloated "New Era of Responsibility7" budget (seriously, that's what he called it) in February 2009, the national debt was $10,881,159,722,000. When Obama released his current budget earlier this week, the national debt was $15,359,441,622,000.
Now, if you don't have your nifty debt calculator8 handy, that is an increase of more than $4.47 trillion. That's right, Obama did not "cut the deficit in half" as he pledged in 2009. In fact, he increased the national debt, in just his first three years, more than all previous U.S. presidents from George Washington to Bush(41).
As you may recall, on July 3, 2008 -- the day before Independence Day -- Obama lectured the nation on "patriotic responsibility," saying, "The problem is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt ... we now have over $9 trillion dollars of debt that we are going to have to pay back. [That's] $30,000 for every man, woman and child. That's irresponsible. It's unpatriotic."
After three years of Obama, make that $15 trillion in debt and more than $50,000 for every man, woman and child. "That's irresponsible. It's unpatriotic."
Asked about Obama's broken budget pledge to half the deficit, his spokesman Jay Carney insisted, "It was a promise based on what we knew about the economy at the time. The economy turns out to have been far worse and in far greater distress ... than we knew at the time. The catastrophe was far worse than we knew." |
