Does Obama really believe what he says?

He’s Kidding, Right?

By on 4.14.11 @ 6:07AM

President Obama put all his cards on the table yesterday. He made his big announcement on his response to our current fiscal crisis and festering national debt.

He wants to raise taxes (Quelle surprise!) and will not touch any entitlement program to reduce uncontrollable spending.

He has got to be kidding, right? Wrong. The President is hunkering down, pushing for a raft of new taxes, passing off more cuts in discretionary spending (necessary but hardly sufficient) and going into campaign mode for the 2012 re-election campaign.

Americans for Tax Reform, beating to quarters, excoriates the President for combining the worst of his 2012 tax increases and those also proposed by the Simpson-Bowles commission and the Gang of Six, the bipartisan group of U.S. Senators who are supposedly working on a proposal of their own.

According to ATR, the Obama plan would raise the tax revenue from 18-19 percent of the economy, the historic average, to 21 percent. Of course, this 21 percent is on top of state and local taxes which cumulatively burden workers and their families.

In addition, the President would raise taxes, oh, $1-3 trillion over the next decade. He also de-accelerates from the GOP plan put together by Budget Chairman Paul Ryan. He, Obama, supposedly cuts $4 trillion over 12 years versus 10 years as proposed by Ryan while raising taxes substantially.

There will also be tax hike “triggers,” an increase in taxes on capital gains and dividends from 15 percent to 23.8 percent and a boost in the death tax rate from 35 to 45 percent with a corresponding cut in the exemption from $10 million to $3.5 million. All this is on top of the 20 new or higher taxes that came along with Obamacare.

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Death Trap Democrats

 

Death Trap Democrats

Despite November’s New Deal magnitude political earthquake, surviving House Democrats just laughed off their historic 63 seat loss and reelected ultra-left San Francisco Democrat Nancy Pelosi as House Minority Leader, a position she will now apparently hold for life. Somehow Democrats are convinced that the American people will come to realize the error of their ways and turn to embrace taxation that seizes most of their money for the government to spend, rejecting traditional American prosperity. Good luck with that.

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Obama’s Soak-the-Rich Tax Hikes Won’t Work

obama as robinhood

Income tax revenues have been remarkably stable at 8% of GDP, regardless of tax rates. The way to increase revenue is to grow the economy.

By ALAN REYNOLDS

President Obama’s response to congressional efforts to curb runaway federal spending is to emphasize, once again, his resolve to greatly increase tax rates on married couples whose joint incomes are above $250,000. This insistent desire to raise taxes—which he repeated in a speech yesterday while complaining about “trillions of dollars in . . . tax cuts that went to every millionaire and billionaire in the country”—is a distraction. It won’t solve our nation’s fiscal problem.

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Obama the “Great Divider”

Did someone move the 2012 election to June 1? We ask because President Obama’s extraordinary response to Paul Ryan’s budget yesterday—with its blistering partisanship and multiple distortions—was the kind Presidents usually outsource to some junior lieutenant. Mr. Obama’s fundamentally political document would have been unusual even for a Vice President in the fervor of a campaign.

The immediate political goal was to inoculate the White House from criticism that it is not serious about the fiscal crisis, after ignoring its own deficit commission last year and tossing off a $3.73 trillion budget in February that increased spending amid a record deficit of $1.65 trillion. Mr. Obama was chased to George Washington University yesterday because Mr. Ryan and the Republicans outflanked him on fiscal discipline and are now setting the national political agenda.

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Marines: Men kissing Men in public is OK

 

UPDATED PETITION WORDS!  Defend military Chaplains, Christian troops from LGBT persecution. Please select, sign, and WE WILL FAX your petition to all 535 members of Congress.   We’ve already sent 58,000 fax petitions.  Can you help us reach 100,000?

Marines:  Men kissing Men in public is OK

The Washington Times reports that all four branches of the military have begun sending pro-homosexual training material to 2.2 million active and reserve troops concerning the permissibility of illicit sexual behavior in public.  The training includes explicit examples concerning “public displays of affection” between homosexuals.

For example, the training asks what to do if an officer sees two male Marines kissing in a shopping mall:

“Situation,” it begins. “You are the Executive Officer of your unit. While shopping at the local mall over the weekend, you observe two junior male Marines in appropriate civilian attire assigned to your unit kissing and hugging in the food court.”

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GOP leaders hyped their budget savings.

 

A mini-revolt is brewing among Republican backbenchers on Capitol Hill now that the specific spending cuts in Friday’s budget deal are being revealed. After separating out the accounting gimmicks and one-year savings, the actual cuts look to be closer to $20 billion than to the $38 billion that both sides advertised. This is not going to help Speaker John Boehner’s credibility with the tea party.

Even $20 billion is worthwhile, and the genuine reductions include cuts in high-speed rail, Pell grants, highway projects, renewable energy programs, housing subsidies, low-income home energy assistance, agriculture programs, contributions to the United Nations, and many more. There is also an immediate across the board 0.2% reduction in all nondefense accounts.

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Who’s the Extremist Now?

Who’s the Extremist Now?

The president would have shut down government over Planned Parenthood funding.

mcgurn0412

The senior senator from New York was on to something when he complained about ideology getting in the way of spending cuts. Just not in the way he would have us believe.

Appearing on MSNBC on Friday before the budget deal was finally cut, Sen. Charles Schumer launched a pre-emptive blame strike. “We are on the one-yard line,” he complained, “but Republicans in the House are making a goal-line stand on women’s health, which has nothing—nothing—to do with the budget.” The reference was to a GOP bid to strip Planned Parenthood, America’s largest abortion provider, of hundreds of millions of taxpayer dollars.

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Congress wants to raise the debt limit 2 $trillion$

The Obama administration has been sounding hazard warnings all year on the need to raise the U.S. debt limit, but it has yet to deliver the worst news: Congress may have to raise it by more than $2 trillion.
Neither the administration nor lawmakers in Congress want to talk about it, but an increase of at least $1 trillion is needed to keep the government running through the end of the fiscal year on Sept. 30, an analysis of deficit forecasts and U.S. Treasury borrowing needs shows.

To last until the November 2012 presidential election, the increase would need to be well over $2 trillion.

The figures are politically hard to swallow.

Getting an increase with a “trillion” handle on it seems unlikely for a Congress with many freshman Republican lawmakers bent on keeping campaign promises to slash spending.

Any increase may be part of a comprehensive budget plan lawmakers need to hammer out as the year progresses. With a multi-trillion price tag difficult to swallow, Congress may opt for a tortuous string of smaller increases. In the process they could bring the United States close to default.

U.S. Treasury Secretary Timothy Geithner won’t say how much of an increase he wants. Instead, administration officials say it needs congressional action and is in lawmakers’ hands.

Some in Congress think otherwise.

“The number is up to Treasury,” Senator Richard Durbin, the No. 2 Senate Democrat, told Reuters on Tuesday. “I want to raise it to whatever is necessary to make sure that the full faith and credit of the United States is not jeopardized.”
Geithner has warned of “catastrophic” consequences if the debt limit is not raised and the United States defaults on its debt and other obligations.

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