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Posts Tagged ‘federal deficit’

Herman Cain on the Economy and More

by 1389AD Comments Off on Herman Cain on the Economy and More
Filed under Barack Obama, Economy, Elections 2012, George W. Bush, Headlines at July 23rd, 2011 - 6:14 pm

Dick Morris TV Lunch ALERT! Herman Cain on the Economy

Herman Cain’s classic line “I LEFT THAT DEMOCRAT PLANTATION” – Watch Out Wannabe Master Obama!!

Herman Cain on Crazy, Nutjob, Racist, Babbling Idiot TX Rep. SHEILA JACKSON LEE playing RACE CARD!

Democrats ‘Negotiate’ to Destroy the US Economy

by 1389AD ( 4 Comments › )
Filed under Barack Obama, Breaking News, Democratic Party, Economy, Leftist-Islamic Alliance, Misery Index, Republican Party, Socialism, Special Report, Tranzis, unemployment at July 13th, 2011 - 6:00 pm

BOHICA? Not this time around!

We must DEMAND that the GOP fight back!

Destroying the US economy, and destroying the livelihood – and ruining the lives – of non-Muslims in America and elsewhere in the world economy, is part of the agenda of the long-standing tranzi-progressive/jihadi axis. It opens the way to foreign economic and political domination, and it hampers our ability to resist the worldwide jihad.

Let The Professionals Do It (To You, One More Time)

Gates of Vienna – reprinted with permission

The Heritage Foundation has a few things to say about our mind-bending tax burden: [Emphases throughout this post are mine — D]

While Democrats want tax increases on the table in debt negotiations, Republicans have reiterated their “no tax-hike” stance — a position they reiterated following… [the latest] unemployment report that revealed only a measly 18,000 jobs were created last month.

In reality, 18K jobs in an economy the size of America’s is so horrifically minuscule that if President Obama truly understood the ramifications of these numbers, he’d crawl under his desk until someone came to take him away. 18,000 jobs = EPIC FAIL by even a statist’s definition.

As the Baron said over coffee, the mistake the Republicans made this past week was in even considering “negotiating” with the Dems. Democrats don’t “do” good-faith negotiation; that attitude is a top-down problem, starting in the Oval Office and sifting finally onto the heads of us regular folks. Obama thinks we shouldn’t be worrying about things like the debt. In the short video below the fold, O tells us to go out and live our ordinary lives and let the professionals take care of the Debt. In other words, please don’t notice that he has no idea how to fix this mess. But he doesn’t need to know; he’s the One We Were waiting For. He’s Godot.

HF continues:

If that [the 18K jobs increase] isn’t enough reason to keep Democrats from proposing tax increases, perhaps the ambiguity of our nation’s economic future is.Americans are set to face the highest tax burden in history. Families will be hit by unprecedented taxation levels by 2020 without the extension of current tax rates. This means more economic stagnation and less prosperity.

What part of Obama’s “I won” rulebook do Republicans not understand? Present-day Dems do not negotiate, they strong arm, smear and threaten. (Think of the nomenklatura minus assassinations.)

HF presents the evidence from the American Legislative Exchange Council, though the average American hardly needs persuading:
The Tax Burden
[Blogger image sizes are limited. To see a larger version of the chart go here].

In that same post, the Heritage Foundation gives the credit to ALEC:

The American Legislative Exchange Council has found that higher taxes, new spending, and more debt will deepen the financial crisis. If tax hikes are included in any sort of deal, it is only a matter of time before workers, employers and the entire nation are burdened by more than they can handle.

The Debt isn’t rocket science, but our president says Americans shouldn’t worry their cute li’l heads about it. This subject is for professional politicians only:

Obama: ‘Professional Politicians’ Understand Debt Crisis Better Than ‘The Public’

Hubris much?

[Thanks to CNS for the video]

The man’s evasions, condescension (not to mention his high-fivin’shuckin’ and jivin’) continue to astound. In reality, he’s clueless about how the free-market system operates. Or rather, what of it he understands, he dislikes. He didn’t make his millions by starting up a business and hiring people. Instead, he learned early on to milk the Government Goat and he thinks y’all should do the same.

The lawyer/blogger at Legal Insurrection perfectly posed our Feckless Fearless Leader in his own self-created dilemma. Hard to feel sorry for a man who “done it to his ownself” as they say around here:

The only way for Obama to stimulate the enormous private sector job growth needed to ensure Obama’s reelection is for Obama to announce he is not running for reelection, which would unleash a wave of investment and economic activity not seen since the Great Depression.

This ginormous problem is “Obama’s Catch 2012” and it should catch on… so to speak. If the Republicans don’t send that one viral, then they’re even more clueless than we’ve been led to believe by watching their naïve behavior in trying to negotiate with Democrats. They’ve now set themselves up by the mere act of sitting down with the Treachery Team: now if they refuse to raise taxes the Dems will say Republicans don’t care about The Debt. However, if they agree to the Dems’ terms for upping the tax rate, their voters back home will can ’em.

Will someone please tell the Republicans they won? According to our President, victory means you never have to consult with the losing side. In the other ear, mention the sad fact that the Losers are determined to take us all down with them.


Hat tip for video: Family Security Matters


Common Sense on US Federal Debt Limits

by 1389AD ( 134 Comments › )
Filed under Barack Obama, Economy, Elections 2010 at June 6th, 2011 - 8:30 am

Congressman Allen West (R-FL-22)

Congressman West Statement on the Debt Ceiling Vote

(WASHINGTON)– Congressman Allen West (FL-22) released this statement tonight after he voted “no” on H.R. 1954 to implement the President’s request to increase the statutory limit on the public debt:

“Tonight I did what I stated I would do when I ran for the House of Representatives. I voted against increasing a debt ceiling absent of spending control measures to right our fiscal ship of state.

Over the past two years, President Obama and Congressional Democrats have overseen the largest budget deficits in the history of the United States. Senate Majority Leader Harry Reid chastised the Republicans and President George W. Bush in 2006 when he stated, ‘Most Americans know that increasing the debt is the last thing we should be doing…any credible economist would tell you we should be reducing debt, not increasing it.’

When the United States Congress was faced with raising the debt ceiling in 2006 Senator Barack Obama stated, ‘The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.’

I stated tonight that I will not vote for this debt increase unless all of the following criteria are met or included in the final bill that would aim to raise the debt limit:

• The United States Congress must pass a Balanced Budget Amendment to the Constitution of the United States.

• A failsafe trigger mechanism must be put in place that would automatically cut spending if we reach a set percentage limit towards hitting the debt ceiling.

• Federal spending as part of the GDP must be capped at 18-20%.

• Congress must lower the corporate tax rate for American businesses by at least 10% before any vote on raising the debt limit is considered.

The American people sent a Republican Majority to the House of Representatives to reduce spending and put our country on a sustainable financial footing. If I were to close my eyes, abandon my principles, and vote yes to raising the debt limit, Congress would continue to spend the taxpayers’ money without a clear plan to reduce our long term debt. We do not have a revenue problem in Washington – the facts are clear – we have a spending problem.”

* Attached here is the entire Statement for the Congressional Record.