Stop the Obama Plan to Take Total Control
The extreme-left is desperately trying to take over every aspect of your life.
In case you haven’t noticed, they’re taking control of the banking industry, they’re trying to take control of your family’s healthcare, they’re taking control of the auto industry and the energy industry… .
But, most horrifically, THEY’RE TRYING TO TAKE CONTROL OF YOU. And, make no mistake; the so-called $3.6 TRILLION BUDGET ABOMINATION IS THEIR MEANS TO DO IT.
Some critics, to borrow a phrase from the good folks at FreedomWorks, are saying that this $ 3.6 trillion budget abomination “taxes too much, spends too much, and borrows too much.”
But the simple fact that $3.6 trillion is a mind-boggling figure is just one small piece of the puzzle.
The one thing that no one is really taking about (the 800 pound gorilla in the room) is that this $3.6 trillion budget abomination is ALSO the LARGEST AND MOST AMBITIOUS GOVERNMENT POWER GRAB IN THE HISTORY OF THIS COUNTRY.
And if it passes, you can kiss the free-market system goodbye. If it passes, you can kiss your personal liberties goodbye.
Here are just a handful of the highlights:
Health Care: According to the typically pro-Obama New York Times: “Mr. Obama asked Congress to set aside $634 billion in a ‘reserve fund for health care reform.’ He provided no new information about how to cover the uninsured, saying he would work out the details with Congress later this year.” (The only plan they have is to take your money and your choice on what you can get for your health care dollar. Under this system, a government agency will decide what treatment is available to you, and whether you will get that treatment based on how much value (i.e. tax paying potential) you have left in your life. Are you nearing retirement age? Don’t count on that hip replacement or triple-bypass. It doesn’t matter if you (still) have enough of your own money to pay for the procedure. You will not be allowed to have that health care. Oh, but if you’re part of the ruling class as designated by emperor Uh-Bama, you’ll have your own private doctors and first class medical care.)
The Times also stated that Obama “would also increase premiums charged to Medicare beneficiaries….” No, your eyes are not playing tricks on you. Obama is asking Congress for $634 billion dollars of your money, is offering no clear plan as to what he wants to do with the money (he’ll get to that later, after the money is appropriated) and wants to cut back on benefits. The only thing that is certain is the government will start taking money out of your pocket and start making your healthcare decisions for you.
Taxes: Moveon.org, while promoting the $3.6 trillion budget abomination, repeats the Obama mantra that it: “Reduces taxes for 95% of working Americans. And if your family makes less than $250,000, your taxes won’t go up one dime.”
The truth of the matter, however, is that this $3.6 trillion budget calls for a number of hidden taxes. One of these is a cap-and-trade energy tax which, according to The Wall Street Journal “would cost the average household in the bottom-income quintile about 3.3 percent of its after-tax income every year. That’s about $680, not including the costs of reduced employment and output. The three middle quintiles would see their paychecks cut between $880 and $1,500, or 2.9 percent to 2.7 percent of income.” (This was supposedly removed from the current version of the budget because even some democrats were asking how we could possibly afford this. Have no doubt that they will find another way to put this over on this, and here’s why. Don’t miss this. Cap-and-Trade, carbon tax, or whatever label they place on it is the one, single way to tax and control EVERY ASPECT OF YOUR LIFE. Think about it. We are a carbon based economy. Is there ANYTHING that you use, consume, buy, etc. that isn’t produced with carbon based energy, made from carbon fuel derivatives (i.e. plastics come from oil), and/or delivered in a vehicle that burns carbon based fuel? This includes the electricity that lights, heats, and cools your home, and cooks your food. The producers will be taxed on the carbon used to produce, this tax will of course be passed on to you, the consumer. The consumer will also be taxed on the carbon they consume. This will doubly and heavily burden you and I with massive taxes, and will eventually drive producers out of business because we can’t afford to buy their products. They close, we lose jobs, the tax base of both producers and consumers shrinks, the government has fewer dollars they can tax, the nation goes deeper in debt, and the death spiral of our country’s economy continues.)
The Wall Street Journal concludes: “Cap and trade, in other words, is a scheme to redistribute income and wealth–but in a very curious way. It takes from the working class and gives to the affluent; takes from Miami, Ohio, and gives to Miami, Florida; and takes from an industrial America that is already struggling and gives to rich Silicon Valley and Wall Street ‘green tech’ investors who know how to leverage the political class.” (Do you understand how this will redistribute wealth? Whatever international agency is in charge of issuing carbon credits will issue lots of credits to underdeveloped nations that will never be able to use all of the credits they are given. Developed nations such as the U.S. will not be given enough credits to operate at a level that sustains our economy and way of life. To operate at our current economic level under the cap-and-trade system, we would be forced to buy excess credits from 3rd world countries at exorbitant prices, thus transferring the wealth we have produced and earned to nations, dictators, and people who have not earned it, and DO NOT DESERVE IT.)
Jobs: MoveOn.org claims the budget “Invests more than $100 billion in clean energy technology, creating millions of green jobs that can never be outsourced.”
The folks at FreedomWorks have this to say: “The numbers being used here, like the numbers used in the stimulus debate, are deceptive in that they hide the less rosy bigger picture. It is a classic case of ‘what is seen and what is not seen’ as described so clearly by economists Frederic Bastiat and Henry Hazlitt. What is seen are the jobs that will certainly result from the government spending $100 billion. What is not seen are all the jobs that are lost because the government has to take those $100 billion out of one part of the economy to spend it somewhere else.” (Government, by definition, CAN NOT create wealth or jobs. Government acquires all of its money and resources from the private sector (that’s businesses that earn a profit and create REAL jobs, and you and me the taxpayers). Because of the inefficiencies and corruption of government, the level of which is directly proportional to the size of government, much of the wealth that is TAKEN from the private sector evaporates long before it reaches its intended recipients. Imagine you see a homeless person and want to give him $10 to get something to eat. If you give it directly to him, he gets the full $10. If government taxes that $10 from you in order to “end homelessness,” “feed/house the underprivileged,” or whatever feel-good label the government puts on their excuse to take your money, the value of that $10 immediately gets diluted. The agency that is taxing you takes a cut for their overhead. Portions of it are taxed away for other government causes. Portions of it are lost to outright corruption. By the time the $10 that were liberated from you works its way through the government system to the homeless person you wanted to help in the first place, he will be lucky to get $1 out of the original $10.)
You’re starting to get the picture. This $3.6 trillion budget has nothing to do with stimulating the economy, or making life better for the average Joe; unless, of course, you believe that the redistribution of YOUR income and government intrusion into YOUR life are good things.
Perhaps that’s why Senator Judd Gregg called Obama’s $3.6 trillion budget “an extraordinary move of our government to the left.” Gregg added that President Obama “is proposing the largest tax increase in history…”
Compromise Is Not An Option. Compromise Means Obama Wins And The American People Lose
President Obama knows that when his $3.6 trillion budget is debated in the Senate that our elected officials will be inclined do what they always do… he knows the first thought that will spring to their minds is “compromise.” (This is where the Republicans who have betrayed conservative principles will once again show their true colors. Rather than going down fighting, they will go down compromising. There is a time for compromise, but now is not that time. It is time to actually stand for something, and not to compromise what you stand for. Those Republicans who claimed to be conservatives, but have compromised our nation into the position we are in now, are just as much to blame for the condition we find ourselves in now. THEY COULD HAVE STOPPED THIS WHEN THEY WERE IN CONTROL OF THE HOUSE AND SENATE, BUT INSTEAD OF PURSUING THE CONSERVATIVE AGENDA THEY RAN ON AS AGRESSIVELY AS OBAMA IS PURSUING HIS COMMUNIST AGENDA, THEY COMPROMISED!) Just as the socialists like Nancy Pelosi, Harry Reid, Barney Frank, Chris Dodd, and the like need to be tarred, feathered, and run out of Washington D.C. on a rail, so to do the Republican compromisers who went along with them.)
Obama knows their inclination will be to put lipstick on this pig under the idiotic assumption that cutting a little bit of the fat will somehow make it palatable to the American people. After all, that’s so much easier than simply fighting for what is right.
We cannot let that happen because “compromise” simply means that Obama gets 95% of what he wants… 95% European-style socialism… 95% income redistribution… 95% economic destruction.
Cutting a few hundred-billion here or a few hundred-billion there is NOT going to make this $3.6 trillion monster significantly smaller, NOR WILL IT DAMPEN THE ASSAULT ON OUR INDIVIDUAL FREEDOM. OBAMA’s $3.6 TRILLION BUDGET MUST DIE!
If they “compromise,” we all lose. The American people lose… your children and grandchildren lose… even the people who are being hoodwinked into supporting this $3.6 trillion budget will lose.
If they “compromise,” the United States will take one giant leap into European-style socialism.
That’s why we must take this bull by the horns and let our elected officials know right now that we don’t want any “compromises” or any lipstick put on this pig.
We want Obama’s $3.6 trillion budget DEAD… a stake driven through its evil heart. Anything less means the American people LOSE.
This is not just a partisan budget battle. Our future and the future for our children and grandchildren hang in the balance!
Filed under: 9. Politics, Communism, Corruption, Econonomics, Government, health care, Marxism, Opressive Government, Socialism, Welfare | Tagged: abomination, according, afford, agency, agenda, American, anything, asking, aspect, average, based, billion, borrow, budget, business, buy, calls, cap and trade, carbon, care, case, charge, children, claims, class, compromise, Congress, conservative, consume, control, Corruption, cost, country, course, create, credits, current, cut, debate, delivered, directly, dollars, earned, economic, economy, elected, energy, enough, european-style, family, fat, fighting, folks, freedomworks, fuel, future, gets, given, gives, going, goodbye, Government, grandchildren, gregg, health, healthcare, history, homeless, House, hundred-billion, inclined, includes, income, increase, industry, issue, Jobs, journal, kiss, knows, label, largest, later, level, life, lipstick, lose, lost, making, matter, means, miami, money, moveon, nancy, nations, numbers, Obama, officials, operate, org, passes, pay, people, percent, person, picture, pig, plan, portions, power, President, private, producers, pursuing, quintile, redistribute, reduces, reform, Republicans, resources, saying, sector, senate, shrinks, simply, Socialism, something, Spend, stand, start, states, stop, street, system, taken, takes, Tax, times, treatment, trillion, used, value, wall, wants, wealth, whatever, working, year | 1 Comment »
The Wide Awake Patriot 
Obama Raising Taxes $26,000 per year on Tax Paying Families Over Next Decade
Don’t look behind the curtain. These are not the tax cuts you’re looking for. What we’ve got here is failure to realize your failed communist policies have failed every time in history they have been tried. Our wannabe-communist liberals believe that the only reason communism failed is that not enough freedom was taken, not enough taxes were confiscated, and not enough money was spent. Well, now they have their chance to prove their point and have ALREADY demonstrated the historic truth that communism and socialism are simply and demonstrably failed ideologies. Over spending and borrowing what you can’t afford to pay back are what got America into its current mess. So why is it suddenly a good idea to borrow TRILLIONS of dollars we can’t afford to pay back just so we can spend most of it on pork projects designed to get politicians re-elected? These lying, power-hungry scumbags are taxing and spending us into oblivion. We can’t afford any more of Obama’s lies or broken promises. We can’t even afford for Uh-Bama to tell the truth. The few times he’s honest, we get a glimpse into the “1984” Big-Brother future he has planned for us. He promises to raise a civilian security force as well funded as the military (Brown Shirts). He promises to destroy the coal mining industry in this country. He promises to make other countries like us again (by destroying us so we are no longer the lone super power). America can not afford Obama.
I’ve said it before, and I’ll say it again. TERM LIMITS. The liberals are shredding the constitution as fast as they can feed it into the shredder. What is it going to take to MAKE THEM STOP?
Obama’s $163,000 Tax Bomb
Families well below the president’s ‘no-tax’ threshold will get a six-figure bill.
By MICHAEL J. BOSKIN
The House and Senate are preparing to pass President Barack Obama’s radical budget blueprint, with only minor modifications, by using (abusing would be more accurate) the budget “reconciliation” process. This process circumvents the Senate’s normal rules requiring 60 votes to prevent a filibuster. Reconciliation was created by Congress in the mid-1970s to enforce deficit reduction, the opposite of what the president and his party are aiming for.
The immense increase in nondefense spending and taxes, and the tripling of the national debt in Mr. Obama’s budget, have been the subject of considerable scrutiny since it was announced. Mr. Obama and his economic officials respond, not without justification, that he inherited an enormous economic and financial crisis and a large deficit. All presidents present the best possible case for their budgets, but a mind-numbing array of numbers offers innumerable opportunities to conjure up misleading comparisons.
Mr. Obama’s characterizations of his budget unfortunately fall into this pattern. He claims to reduce the deficit by half, to shave $2 trillion off the debt (the cumulative deficit over his 10-year budget horizon), and not to raise taxes on anyone making less than $250,000 a year. While in a Clintonian sense correct (depends on what the definition of “is” is), it is far more accurate to describe Mr. Obama’s budget as almost tripling the deficit. It adds $6.5 trillion to the national debt, and leaves future U.S. taxpayers (many of whom will make far less than $250,000) with the tab. And all this before dealing with the looming Medicare and Social Security cost explosion.
Some have laid the total estimated deficits and debt projections (as more realistically tallied by the Congressional Budget Office) on Mr. Obama’s doorstep. But on this score the president is correct. He cannot rightly be blamed for what he inherited. A more accurate comparison calculates what he has already added and proposes to add by his policies, compared to a “do-nothing” baseline (see nearby chart).
The CBO baseline cumulative deficit for the Obama 2010-2019 budget is $9.3 trillion. How much additional deficit and debt does Mr. Obama add relative to a do-nothing budget with none of his programs? Mr. Obama’s “debt difference” is $4.829 trillion — i.e., his tax and spending proposals add $4.829 trillion to the CBO do-nothing baseline deficit. The Obama budget also adds $177 billion to the fiscal year 2009 budget. To this must be added the $195 billion of 2009 legislated add-ons (e.g., the stimulus bill) since Mr. Obama’s election that were already incorporated in the CBO baseline and the corresponding $1.267 trillion in add-ons for 2010-2019. This brings Mr. Obama’s total additional debt to $6.5 trillion, not his claimed $2 trillion reduction. That was mostly a phantom cut from an imagined 10-year continuation of peak Iraq war spending.
The claim to reduce the deficit by half compares this year’s immense (mostly inherited) deficit to the projected fiscal year 2013 deficit, the last of his current term. While it is technically correct that the deficit would be less than half this year’s engorged level, a do-nothing budget would reduce it by 84%. Compared to do-nothing, Mr. Obama’s deficit is more than two and a half times larger in fiscal year 2013. Just his addition to the budget deficit, $459 billion, is bigger than any deficit in the nation’s history. And the 2013 deficit is supposed to be after several years of economic recovery, funds are being returned from the financial bailouts, and we are out of Iraq.
Finally, what of the claim not to raise taxes on anyone earning less than $250,000 a year? Even ignoring his large energy taxes, Mr. Obama must reconcile his arithmetic. Every dollar of debt he runs up means that future taxes must be $1 higher in present-value terms. Mr. Obama is going to leave a discounted present-value legacy of $6.5 trillion of additional future taxes, unless he dramatically cuts spending. (With interest the future tax hikes would be much larger later on.) Call it a stealth tax increase or ticking tax time-bomb.
What does $6.5 trillion of additional debt imply for the typical family? If spread evenly over all those paying income taxes (which under Mr. Obama’s plan would shrink to a little over 50% of the population), every income-tax paying family would get a tax bill for $163,000. (In ten years, interest would bring the total to well over $200,000, if paid all at once. If paid annually over the succeeding ten years, the tax hike per year would average almost $26,000.) That’s in addition to his explicit tax hikes. While the future tax time-bomb is pushed beyond Mr. Obama’s budget horizon, and future presidents and Congresses will decide how it will be paid, it is likely to be paid by future income tax hikes as these are general fund deficits.
We can get a rough idea of who is likely to pay them by distributing this $6.5 trillion of future taxes according to the most recent distribution of income-tax burdens. We know the top 1% or 5% of income-taxpayers pay vastly disproportionate shares of taxes, and much larger shares than their shares of income. But it also turns out that Mr. Obama’s massive additional debt implies a tax hike, if paid today, of well over $100,000 for people with incomes of $150,000, far below Mr. Obama’s tax-hike cut-off of $250,000 (over $130,000 in ten years and over $16,000 a year if paid annually over the following ten years). In other words, a middle-aged two-career couple in New York or California could get a future tax bill as big as their mortgage.
While Mr. Obama’s higher tax rates are economically harmful, some of his tax policies deserve wide support, e.g., permanently indexing the alternative minimum tax. Ditto some of the spending increases, including the extension of unemployment benefits, given the severe recession.
Neither a large deficit in a recession nor a small increase from the current modest level in the debt to GDP ratio is worrisome. And at a 50% debt-to-GDP ratio, with nominal GDP growing 4% (the CBO out-year forecast), deficits of 2% of GDP would not be increasing the debt burden relative to income.
But what is not just worrisome but dangerous are the growing trillion dollar deficits in the latter years of the Obama budget. These deficits are so large for a prosperous nation in peacetime — three times safe levels — that they would cause the debt burden to soar toward banana republic levels. That’s a recipe for a permanent drag on growth and serious pressure on the Federal Reserve to inflate, not the new era of rising prosperity that Mr. Obama and his advisers foresee.
Mr. Boskin is a professor of economics at Stanford University and a senior fellow at the Hoover Institution. He chaired the Council of Economic Advisers under President George H.W. Bush.
This story has been corrected. An earlier version included in two parenthetical statements calculations of additional taxes derived from the debt occurring over the period, rather than present discounted values.
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