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Another 680 Billion is now being considered....discuss...
Barack Obama won the presidency in large measure because he presented himself as a demarcation point. The old politics, he said, was based on "spin," misleading arguments, and an absence of candor. He'd "turn the page" on that style of politics.
Last week's presentation of his budget shows that hope was a mirage.
For example, Mr. Obama didn't run promising larger deficits -- but now is offering record-setting ones. He'll add $4.9 trillion before his term ends and $7.4 trillion if given a second, doubling the national debt in five years and tripling it in 10. Mr. Obama's deficits will be much larger than he admits because he relies on rosy economic assumptions and gimmicks that mask spending and debt (like assuming popular new programs he supports won't be renewed).
Nor did Mr. Obama run promising more earmarks. Instead, he said he'd reform the earmark culture and "scour the federal budget, line by line, and make meaningful cuts." Now he wants to wave through a $410 billion omnibus spending bill with about 8,500 earmarks. This is on top of the $787 billion stimulus bill signed into law two weeks ago.
His justification comes to us from the White House's budget director, Peter Orszag, who recently called the omnibus spending bill "last year's business." But it will fund the federal government for the next six months. Mr. Obama could veto the legislation or push congressional Democrats to ditch the earmarks. But he has given little indication that he will do either.
Nor is it credible to claim that the spending spree on Mr. Obama's watch is someone else's responsibility, as Mr. Orszag did by saying the president had "inherited" these deficits.
Mr. Obama ceded authority to congressional appropriators, who wrote the stimulus bill that is history's largest spending increase. Then Mr. Obama got behind the pork-laden omnibus-spending bill. And Mr. Obama has also proposed $4 trillion in outlays this fiscal year and $3.6 trillion next fiscal year.
Mr. Obama cannot dismiss critics by pointing to President George W. Bush's decision to run $2.9 trillion in deficits while fighting two wars and dealing with 9/11 and Katrina. Mr. Obama will surpass Mr. Bush's eight-year total in his first 20 months and 11 days in office, adding $3.2 trillion to the national debt. If America "cannot and will not sustain" deficits like Mr. Bush's, as Mr. Obama said during the campaign, how can Mr. Obama sustain the geometrically larger ones he's flogging?
There is more. Mr. Obama pledged "no tax hikes on any families earning less than a quarter million dollars." What he didn't draw attention to was $600 billion in higher energy taxes he wants to impose through a cap-and-trade system on carbon emissions. These taxes will hit everyone who drives, flips a light switch, or buys anything manufactured, grown or shipped.
Mr. Obama devoted four times as much space in his campaign stump speech to cutting taxes as he did to talking about raising taxes on the wealthy. In the election's most widely watched speech, his Denver Convention address, he didn't even mention raising taxes, instead stressing he'd "cut taxes -- cut taxes -- for 95% of all working families." Yet higher taxes are what every American is going to get.
Today's White House health-care summit should also remind us of one of Mr. Obama's most popular ads, which declared, "On health care reform -- two extremes. On one end, government-run health care, higher taxes. On the other, insurance companies without rules, denying coverage. Barack Obama says both extremes are wrong."
Mr. Obama's plan will lead us to the extreme of government-run health care. And in an effort to reach that goal, Mr. Obama's budget proposes, as a starting point, a $630 billion fund to expand government-run health care. And that $630 billion comes not from reduced spending, but higher taxes.
Mr. Obama's personal popularity remains higher than support for his proposals. A raft of opinion surveys show Americans take the conservative side on issues ranging from the efficacy of government spending, to nationalization of banks, to bailouts for auto companies, to whether tax cuts or government spending will create more jobs. Packaging Mr. Obama's proposals is easier than rigorously defending them. Team Obama will find this out as the details of their budget and other plans are scrutinized.
Barack Obama has been president for a little more than five weeks. During his speech to a joint session of Congress last week, he showed what a skilled speaker he is and how persuasive he can be. But words delivered from a teleprompter, while important, have to line up with actions. Promises have to be met. And a president who promised to be one thing cannot be another. At some point, the gap between good feelings and results, between perception and reality, closes.
Eloquent words and "spin" work better in a campaign than they do while governing. And as Mr. Obama is discovering, the laws of economics won't change, even for him.
So liberals... I see your response to this article is to diminish and minimize it instead of pointing out any errors or countering with facts which would dispute the articles claims.
So liberals... I see your response to this article is to diminish and minimize it instead of pointing out any errors or countering with facts which would dispute the articles claims.
are you serious? you seriously don't need anyone's help in pointing out the errors or factual misrepresentations do you?
what is that awesome adage... something like 'not every piece of dog **** you track into the house has to be discussed'
no, that can't be right. 'not every question deserves a response' ...?
So liberals... I see your response to this article is to diminish and minimize it instead of pointing out any errors or countering with facts which would dispute the articles claims.
Of course an artical is going to be on one side or the other . Because it was writen by someone from one side or the other . But this artical has more truth to it . And you are right....the Socialist ....mmmmmm .......Leberals like Motormouth come in to belittle you to down play the truth in the artical . He is just following his parties lead in attacking the writer . IF you cant defend.....ATTACK !!!!!!!
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And liberals are like dogs . They bark till everyone is annoyed.
So liberals... I see your response to this article is to diminish and minimize it instead of pointing out any errors or countering with facts which would dispute the articles claims.
But what ****ing truth in that article? it's a joke. I don't feel the need to rebut it because it's retarded. like this nugget from the second line:
"Last week's presentation of his budget shows that hope was a mirage.
for example, Mr. Obama didn't run promising larger deficits -- but now is offering record-setting ones"
and:
"
Today's White House health-care summit should also remind us of one of Mr. Obama's most popular ads, which declared, "On health care reform -- two extremes. On one end, government-run health care, higher taxes. On the other, insurance companies without rules, denying coverage. Barack Obama says both extremes are wrong."
Mr. Obama's plan will lead us to the extreme of government-run health care. And in an effort to reach that goal, Mr. Obama's budget proposes, as a starting point, a $630 billion fund to expand government-run health care. And that $630 billion comes not from reduced spending, but higher taxes."
Should we look back in your posts to see if there is any whinning about Bush in youor past ?
How can you call it whinng when he posted an artical and asked people to discuss it . The Socialist ......mmmmmm......Liberals like you come in attacking the poster ......funny chit !!!
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And liberals are like dogs . They bark till everyone is annoyed.
Your straw man arguments and name calling do not refute the original post or its contents. But saying things like
Quote:
But what ****ing truth in that article? it's a joke. I don't feel the need to rebut it because it's retarded. like this nugget from the second line:
Those kinds of statements do little more than portray your as a name calling teen aged potty mouth! Such a fitting name for someone like you Motormouth.
Your straw man arguments and name calling do not refute the original post or its contents. But saying things like
Those kinds of statements do little more than portray your as a name calling teen aged potty mouth! Such a fitting name for someone like you Motormouth.
do you have any idea what a strawman argument is? or why my 'argument' was one?
So liberals... I see your response to this article is to diminish and minimize it instead of pointing out any errors or countering with facts which would dispute the articles claims.
Mr. Obama cannot dismiss critics by pointing to President George W. Bush's decision to run $2.9 trillion in deficits while fighting two wars and dealing with 9/11 and Katrina. Mr. Obama will surpass Mr. Bush's eight-year total in his first 20 months and 11 days in office, adding $3.2 trillion to the national debt. If America "cannot and will not sustain" deficits like Mr. Bush's, as Mr. Obama said during the campaign, how can Mr. Obama sustain the geometrically larger ones he's flogging?
Yes, Bush did a great job with that $2.9 trillion deficit. Are we out of Iraq? Are we out of Afghanistan? Did we capture Osama? How come the Twin Towers have not been built yet? And let's not mention the Katrina relief catastrophe.
Are these the facts you were looking for?
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"If you ain't first, you're last!"
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Only when you have lost everything can you truly accomplish anything.
The market can stay irrational longer than you can stay solvent. -John Maynard Keynes
a quote from President Obama, besides speculation would be nice...
and then president obama said " I am a fukcing idiot", " I am doing my best to completely crash the markets and the united states economy and get us as a nation to the one world government /utopia we want.", " I have surrounded myself with complete fukctard idiots, the likes of whose stupidity has never been seen before, pelosi,clinton etc. etc"
Another 680 Billion is now being considered....discuss...
Discussed
