Halve The National Debt?

I haven’t blogged recently as the necessities of keeping our business going has had to take preference.

Today I have a small break and need to comment on Obama’s answer to the question of his increasing the National Debt.

To no surprise he typically blamed the other guy and then phrased his reply as to mislead the listener.

First he stated that he “inherited a huge debt from George Bush”, true $1.3 trillion dollars, (picture a stack of $100 dollar bills over 615 miles high) then he said his plan (if successful) would reduce the national debt 50% in FIVE YEARS, lets say that’s true as well. We are led to believe he is reducing George Bush’s administration’s debt while “saving” the economy. Hurray Obama!

What he didn’t say is that he is increasing the National Debt to $9 trillion dollars (picture a stack of $100 dollar bills over 4,261 MILES HIGH – Latest estimates are approaching $11 trillion dollars – 5,208 miles high). Obama then claims he will reduce that debt by 50% to $4.5 trillion dollars.

The bottom line is that even if Obama’s plan works the National debt will be three and one half times (3 1/2 ), or a stack of $100 dollar bills 1515 miles higher than the debt he “inherited”! –

Will he ever speak the truth, I doubt it.

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Learn From History

FDR’s Treasury secretary, Henry Morgenthau, stated in 1939

“We have tried spending money. We are spending more than we have ever spent before and it does not work. I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises. I say after eight years of this Administration we have just as much unemployment as when we started and an enormous debt to boot!”

Need more be said

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First Broken Promise? Hardly

Nobama promised to post final bills on the Internet 5 days before signing, for the public comment. Whether our comments would cause a veto is another matter and I wouldn’t hold my breath on that score. That promise was broken right off when he signed the SCHIP legislation.

More importantly congress promised to post legislation on the Internet 48 hours before VOTING on it, before it’s sent to the president. There might be a chance to expose socialism, hypocrisy and pork there, but not only are they not keeping that promise to the public they aren’t planning to give the Republicans a chance to study it before forcing a vote either. How’s that for HR 1 transparency? It’s transparent they want to vote up this porkfest before it’s known what’s in it. We already know it’s full of pork, will usher in socialized medicine, expand government while throwing a few crumbs at temporary infrastructure jobs. Actually, only a pitiful 4% will be spent immediately, (the rest being spent in 2010 and 2012 – election years for buying votes) how is that going to jump start the economy?

When someone tells me I have to do it now or there will be dire consequences I KNOW there is something to hide, it won’t be good and when we find it out it’s way too late. So what else is in there?

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Will CT’s Govorner Rell follow through?

Governor Rell’s promise to trim the State budget rather than raise taxes was a long overdue and I applaud her new found fiscal conservatism.
However, from her response regarding UCONN’s plan to discuss a tuition increase, one cannot help but speculate whether she is actually prepared to fight for her proposed budget. Rell told UCONN officials that the budget hasn’t been approved and the legislature will likely make changes to her proposal, plus she is unsure of how much money the State will receive from the so called “federal stimulus package” and it is premature to consider a tuition increase. Fair enough, however the tone of her reply also suggests she doesn’t expect UCONN will actually experience any cuts nor does she expect the legislature to adopt much of her budget proposal or will she use her position and veto power to press them for fiscal responsibility, should they choose to continue taxing and spending. What she could and should have said was, the time for fiscal responsibility has arrived and that she would use every method in her power to rein in past spending excesses. Instead she is looking to institute more “stealth” taxes and raise the fee for every license and permit the state grants. According to Kiplinger Magazine, of the top 100 state colleges 81 have a lower tuition cost than UCONN and 49 of those have the same or lower student to teacher ratio, Rell spokesman Richard Harris said “There is room in UCONN’s budget to absorb the (proposed) cuts.” Is Governor Rell actually planning on cutting spending or just posturing? Time will tell but don’t hold your breath.

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Why the rush?

One of the first things I learned when something is being “sold” to me is if you must do it immediately there is something to hide, it won’t be good and you won’t find that out until it’s too late.

So it goes for Obama’s demand to hurry up and pass the “stimulus” package, setting a deadline, telling our legislators to do it now, before we really understand what’s in it. Sure it’s full of the kind of pork the exalted one promised was a thing of the past and is opposed by the majority of Americans for that good reason, but the porkfest is just one aspect of the proposed legislation. Why the rush and why does he need Republicans to back the bill when he has way more than enough votes to pass it without them? He could have his wish today but he doesn’t want the blame for the failure to fall on the Democrats. If he truly believed this legislation was exactly what the country needs and would actually “fix” the economy he would most surely shut out the opposition and garner all the kudos for himself. He speaks of reaching across the aisle, but is simply asking Republicans to support this Democratic party porkfest reaching out or just posturing? Make no mistake, if the Republicans get behind this bill, when the proverbial substance hits the fan you can bet the spin doctors will place the blame squarely on their shoulders.

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Obama’s Ego problem

Obama’s ego my have catastrophic effects on the country through decisions he or others make after he melts down due to the certainty of negativity to his agenda, think about this:

  • We know he has a huge ego or a god complex
  • He can’t stand any one questioning his policies (Joe the Plumber)
  • He doesn’t want the cartoonists to characterize his ears (Article)
  • He’s cautioned the White House Press Corps to not write negatively about him
  • He has DCCC petitioning against Rush Limbaugh for speaking out against him (See their website)
  • Editorial saying that criticizing the president is treason (unbelievable)
  • Another editorial claimed the “honeymoon” is over because Obama was slightly criticized

When you admonish the press and tell them what they can or can’t write or how they can portray him, he’s quashing the first amendment to protect his projected image. When you have the DCCC jumping on a commentator, out of context, for expressing his views you can bet Obama was behind it. Or are they so stupid they didn’t think it would backfire?

I believe all the above are signs that Obama is so self possessed that he will cave under the pressure of scrutiny and criticism, and when the inevitable end to the Obama love affair comes along he’ll have a breakdown. Either they will hide it and our “first time I’ve ever been proud of our country” or a buffoon called Biden will be calling the shots, any way you look at it we’re still screwed!

Was it said, someone liked to interview the Pope because they only had to kiss his ring!

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Ugly Swirl of Accusations

So much has been said and so much has been ignored regarding the media bias in favor of the left wing, their socialist agenda and their Democratic lap dogs, that it seems hopeless the main stream media will ever mend it’s ways.

A good example is the recent article about Caroline Kennedy and the “ugly swirl of rumors” surrounding her dropping out of consideration for Hillary’s Senate seat.

The first time I saw any MSM reports of the “ugly rumors” was in the article citing them as the reason she dropped out! Like that was the reason she folded, not Governor Patterson signaling he wasn’t going to name her, forget her “qualifications you know”. I immediately thought about Sarah Palin and the MSM feeding frenzy over a maelstrom of ugly rumors about her and the daily “reporting” with the certainty they’re all true and their frantic attempts to verify them!

Day after day of Palin Bashing, and they’re still afraid of her!

Talk about bias, what crap! Impartiality is all but gone.

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Now it begins

The harder I try to ignore the hype surrounding Obama’s inauguration, the harder it becomes. The insanity of the whole thing is that nothing matters except that Obama will become President today and according to a Maryland State Senator who proclaimed “It doesn’t matter if Maryland is broke, as long as Obama is President everything will be great”.

The absurdity of that comment from a politician underscores the fever over the most unqualified and anti-democratic president in history. People care nothing of his agenda, associations, lies and lack of any substance.

Today is truly historic, the end of America as we know it is in sight. God help us.

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Remedial Lesson Needed!

File under when will they ever learn – The Treasury Department just announced:

Chrysler’s financing arm has been “loaned” $1.5 Billion taxpayer’s dollars in addition to the $17.4 Billion “bailout” for Chrysler and GM.

The automaker announced that it will immediately use the money to “…….expand lending to car buyers with less than ideal credit”!

Believe it or not!

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Private Sector New Jobs? Hardly!

President-elect Barack Obama well understands that if he calls government spending “investment” and bailouts “stimulus” he disguises the fact that our tax dollars are feeding an insatiable pig called big government.

In an announcement based on a report called “The Job Impact Of The American Recovery And Reinvestment Plan” Obama said his economic recovery plan would create or save three to four million new jobs, “nearly 90 percent of them in the private sector”. Part of his plan includes unspecified “Business investment incentives”, and he offered a few generalizations about where SOME of the private sector jobs would be created. Business investment incentives giving businesses sound reason to expand and add new and permanent jobs will hopefully be tax reform and deregulation that encourages rather than discourages growth. However, an incentive might be the Democratic holy grail of a single payer government health care system which would “relieve an employer” of that cost. Obama is not saying what these un-named incentives are, will the new jobs be created by private enterprise or jobs resulting from government spending disguised as investment incentives, only time will tell.

He did get specific regarding 1.5 million new jobs in certain areas. These jobs include 350,000 plus, permanent, new government employees (think of those gold plated benefits). The remaining 1 million plus new jobs will come from government spending huge sums of money on infrastructure, energy and health care and are destined to be temporary. Mr. Obama advocates spending money we don’t have to cause a temporary increase in employment and gain greater government control (read interference) over the “private sector”. The job estimates from that report are stated to have a “substantial margin of error”, according to Market Watch peak unemployment will only be reduced by 1%.

To get popular backing for this plan he promises an increase in food stamps and unemployment insurance, topping that off with more state welfare by “fiscal relief designed to alleviate cuts in healthcare, education and prevent increases in state and local taxes”. All this means more entitlements, more spending and more dependence on the Federal Government, all can be called socialism.

The Federal Government doesn’t “invest” with, or give state and local governments free money, it spends our taxes. Government has already spent our grandchildren’s taxes and is planning to spend even more, the ramifications of this deficit spending can only make matters worse. Foreign countries that hold a massive amount of our national debt are poised to stop buying more as inflation cuts into the real value. Our taxes will surely rise unless government adopts sound fiscal policies and reduces spending below revenue. Obama’s planned “investment” is not the way to a sound fiscal future, government’s allowing natural forces to take hold has been proven to nurture a robust economy. Unless government stops pandering to the anti-free market socialists and allow industry the freedom to prosper while letting mismanaged and non-competitive companies fail, our taxes will continue rise and inflation will spiral out of control. Government interference and blind adherence to mandated constraints on private enterprise will continue to erode our competitive edge, which in turn will continue to reduce employment and ultimately lower the taxes collected, leaving the individual taxpayer to foot the bill.

“Government big enough to give you everything you want is a government big enough to take from you everything you have” Gerald Ford

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