Obama Channels Clinton
Feb 16, 2012 Political
Obama addressed the reason he was not able to halve the deficit in his first four years (he increased the deficit greatly) and he said the reason was because things were worse than he thought. The recession, Obama said, was much worse than anyone thought.
How could that possibly be? Obama and his minions have always described the recession as the worse since the Great Depression. Given how bad the Great Depression was how could Obama possibly underestimate the severity of the recession? While he was running for office he described the terrible economy and how he would fix it. After he took office he told us how dire things were and that we needed to act RIGHT NOW to avoid calamity.
Given all the hype, all the dire predictions of destruction and how we were required to act immediately, how can he claim that things were worse than he thought?
This is all BS to make excuses for his failure to fix the economy and to halve the deficit as promised. He failed and he is now making excuses in an effort to dupe people in to giving him some more time.
He can’t have more time. The economy cannot possibly handle four more years of his destruction. This article by Dick Morris lays out the actual numbers and shows why Obama’s so called recovery is phony.
Obama knows he did not fix things. It was never his intent to fix things. He is using the Cloward and Piven strategy in an attempt to destroy the US economy and allow Socialism to take over as more and more people look to government for relief from the mess the government caused. His attack on religion is part of the plan.
Obama is going to break it and then he is going to rope people into his idea of how things should run.
Unless, of course, we stop him in November. We can do that two ways. We can vote him out of office or we can give Republicans control of Congress. I prefer we do both.
Maybe Obama supporters will finally channel their inner liberal and realize that things are worse than they thought.
If not they can still blame it all on Bush…
Cave canem!
Never surrender, never submit.
Tags: Clinton, great depression, Obama, pandering, recession
Tax Revenues Way Down
Aug 4, 2009 Political
Tax revenues are the lowest they have been since the Great Depression. In other words, the Obama recession and failed stimulus have resulted in a shortage of cash to the government in the form of tax receipts. Not that it matters much because they keep spending what we don’t have, but now we will be even further in debt.
The article from Yahoo news goes into great detail about the shortage and what it means. The two things that I want you to take away from it are contained in these quotes:
Social Security tax receipts are down less than a percentage point from last year, but in May the government had been projecting a slight increase. At the time, the government’s best estimate was that Social Security would start to pay out more money than it receives in taxes in 2016, and that the fund would be depleted in 2037 unless changes are enacted.
Some experts think the sour economy has made those numbers outdated.
“You could easily move that number up three or four years, then you’re talking about 2013, and that’s not very far off,” said Kent Smetters, associate professor of insurance and risk management at the University of Pennsylvania.
The government’s projections included best- and worst-case scenarios. Under the worst, Social Security would start to pay out more money than it received in taxes in 2013, and the fund would be depleted in 2029.
~snip~
Medicare tax receipts are also down less than a percentage point for the year, pretty close to government projections. Medicare started paying out more money than it received last year.
Social Security and Medicare are two government run programs and they are not in good shape. The worst case scenario is that SS will pay out more than it takes in by 2013 (2016 in the best case) and they claim the fund will be depleted some number of years later.
Here is a newsflash, the Social Security fund is already depleted. Each month the excess money taken in is turned over to the government in exchange for a government bond. Then Congress spends that money on other things. Instead of saving it, the government spends it. Since we don’t have any money just lying around, Social Security is broke. The government cannot afford to make good on the bonds because it spent all of the money. This is part of the 11 trillion in debt that is not reported when they discuss our financial obligations.
Keep this in mind as they talk about health care and “savings” because they will spend any excess money from any health care program as well. I believe that Social Security should be privatized and people can manage their own retirement and pass the money on to their heirs. However, the government runs the program so that is not currently an option. If I had been running this program the money would have been invested or saved so that it would be there when the bills come due. Congress does not think like that because most of them have no business sense.
These are the people who want to run your health care.
Speaking of which, Medicare is a government run health care program. It is now paying out more than it takes in. I am sure that government will soon raise the Medicare tax we all pay (including on those who make under 250k a year). That is assuming that Medicare is around for much longer. If the Democrats pass their health care plan then Medicare will go away and the elderly will be vulnerable.
When they started this program it was not supposed to cost this much money. They were supposed to collect the money and be responsible for making sure the program was solvent. Through years of fraud, waste and abuse, the program has gone broke. They were not able to run a health care program for a portion of the population (the elderly) but they want to run a health care system for the entire country.
If they cannot keep SS or Medicare solvent, what makes anyone think they can keep government run health care solvent? What do you suppose will happen once the health care program runs out of money?
They will ration care and the elderly are going to be on the wrong end of the stick. A 24 year old IV drug user with AIDS will get costly treatment while an active 70 year old will be getting counseled on end of life decisions.
It is troubling to see tax revenues down but the most troubling part of the story is the proof that government cannot run social programs efficiently. The story clearly demonstrates why we should not have government involved in something as complicated as our health care system.
The government cannot run a model train, SS and Medicare are a challenge they are failing to meet and if they run the entire health care system it will mean the collapse of this once great country.
The elderly will pay the biggest price.
Speak up senior citizens.
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Tags: great depression, health care, social security, tax revenue