Apparently the ONLY thing the democrats are willing to cut is “the Bush tax cuts”. For some reason they want the American people to believe cutting the cuts would simply solve the monstrous debt we are in. If we would just return the expensive gift to the store and allow the store to keep the money…
Now, that would mean that it is actual piles of money on the desks of Congress that they have somehow been forced, first by Bush then by Obama allowing them to be extended, to pay-out to the American people.
No, the best way is the simplest way. You see, Congress takes huge chunks of money from our paychecks before we even see said paychecks. Then it decides where it wants to spend that money it did nothing to earn. When something such as “The Bush tax cuts” comes along, it means when you receive your paycheck a little less has been stolen from it by the government before it’s been handed to you.
The reason why this government cannot make a clear and comprehensive set of cuts in their spending is because they truly believe every dime of the money in this country belongs completely to them. They permit us to keep what we keep. And right now, as Rep. Xavier Becerra points out, we are being allowed to keep too much. So much so that it’s not going to all those things Congress has racked-up on some ethereal credit card they fully expect us to pay for. Get it? We, the American taxpayer, are somehow taking something that doesn’t rightfully belong to us … Worse, we might even be extorting it. The man even wants us to believe Social Security is not in dire trouble. (He points out the two wars, Iraq and Afghanistan. Yeah, and they continue to this day under Obama’s watch … in addition to another war in Libya, and drone-wars in Pakistan and Yemen. But I’m sure those three new ones don’t cost a darn cent because Congressmen never seem to inform us of the weekly cost.)
Last night I asked, “How Bad-Off Are We?”
Well, that old capitalist belief of ,”If government would just get out of the way…” has certainly been proven, as the Obama-Pelosi “Stimulus” has actually nearly doubled the US debt, according to the CBO:
The 2011 Long-Term Budget Outlook, released Wednesday morning, reports that the “the combination of automatic budgetary responses” and Obama’s stimulus “had a profound impact on the federal budget.” According to CBO projections, before Obama’s stimulus became law, federal debt equaled 36 percent of GDP and was projected to decline slightly over the next few years. Instead, thanks in large part to the stimulus, debt reached 62 percent of GDP by 2010.
Other lowlights from the report include:
- Debt will reach 70 percent of GDP by the end of this year – the highest percentage since World War II.
- Spending on Medicare, Medicaid, and Social Security will reach 15 percent of GDP by 2035 – spending on all government programs has averaged 18.5 percent over the past 40 years.
- Total government spending is set to hit 27 percent of GDP by 2035.
- Taxes are set to grow from 19 percent of GDP in 2013, to 23 percent by 2035.
- Americans “at various points on the income scale would pay a larger percentage of their income in taxes than people at the same points do today.”
- The effective marginal tax rate on labor income would rise from about 25 percent now to about 35 percent in 2035.
But the CBO must be full of it because Rep. Steny Hoyer says the country isn’t broke, (forget that darned national debt clock ticking away like an IED). Mr. Hoyer says, “America’s not broke. America has extrodinary ‘resources’, and we need to use those resources, both intellectual and financial, to get us to a place again where we are a fiscally sound nation …”
Resources = the money Americans hold
Financial = said money collected in taxes
Intellectual = the government deciding what and how that money will (and won’t) be spent on.