“Never let a crisis go to waste,” said Raum Emmanuel, Obama’s first chief of staff. For the seventh time in the two years that Republicans have held the House, Obama has launched another campaign saying that a financial crisis, for which he blames Republicans, will destroy America. Except the entire crisis is as hollow as his response to super-storm Sandy has been. Emmanuel would have been more accurate to say, “Never pass up a chance to create a crisis.”
For the last four years, the federal government has spent over a trillion dollars more than it has taken in tax revenues. Obama blames the beginning of this on President Bush for the bailouts, stimulus, and Omnibus bills. But Bush’s signature is not on that 2009 budget. Now Obama blames Republicans for the sequester which he initiated and vowed would veto any attempt to stop it.
Since then Obama and the Senate under Reid (D-Nev.) have bypassed the House budgeting committee and spent the more in 2010, 11, and 12 without any bailouts or stimulus. And with all those trillions of dollars Obama and the Democrats have sucked out of the American economy, how much of it was available to help the victims of super-storm Sandy? All of $50 billion, and not till more than two months after the disaster, has been allocated to help Sandy victims.
How do people believe that government should slash the deficit?
6% Reduce by increasing taxes
45% Reduce by decreasing spending
36% Reduce by doing both
Taxes have already been raised on everyone. The tax for those making more than $400k has been raised to Clinton levels, the payroll tax holiday has expired, and ObamaCare taxes have initiated. How much more do people believe taxes should be raised before the president cuts his spending? Even sequestration is not a cut in spending, but a reduction in automatic increases in spending over the next ten years.
While sequestration only cuts 2% from the federal budget, the president and Congress agreed that the cuts would only come from discretionary spending and not mandatory spending, i.e. the military, Social Security, Medicare, and federal employees. Discretionary spending, which for the last four years has been about 40% of all spending, meaning that the $1.3 trillion being borrowed or printed and added to the National Debt, is all at the president’s discretion. That makes it over 5% of Obama’s “free money” Federal Reserve piggybank and the president will have none of that. The National Debt has doubled under Democrats from 2007 to 2013.
How are Americans going to recover from the Obama recession so long as the president creates hysteria over a 2% cut to increases in spending when he is already spending 40% more than he takes in taxes? This recession began when Democrat policies took control of the economy in 2007 and has only gotten worse, now heading for a double dip if not an outright depression. This is entirely due to those Democrat policies of high taxation, massive deficit spending, and holding down businesses from growing with their regulations.
So long as people remain ignorant of how government functions, blames Bush and Republicans just because the president says it’s their fault, and re-elects Democrats, this nation will continue to decline. So long as people are allowed to vote who are tax parasites and not tax payers, America’s wealth will be squandering on the freeloaders and greedy panderers. Rush Limbaugh and all patriotic Americans should be ashamed of what America has become.