Yesterday President Obama said, "we must add to our deficits in the short-term to provide immediate relief to families and get our economy moving." Does this ring a bell? How many of you used to watch Little House on the Prairie? Do any of you remember the episode when the town was in a severe drought, and the residents were losing their crops, desperate for a solution?
Cue the Rain Maker. Riding into town in an expensive and stylish wagon, the Rain Maker is full of flowery talk, and a confident promise of much needed rain.
"Ladies and Gentleman, I have the answer to your woes and travail’s. For a small pittance of $20 for each resident of this fine town, I will make rain. So, step right up, and throw your money into the hat, and by the end of the month . . . You fine people will have rain in abundance, it will fill the streets, the creeks and rivers, as a matter of fact there will be so much rain, you won’t know what to do with it all. Your crops and livestock will be replenished and thrive. People will be able to feed their families again, and does not have worry about tomorrow, so don’t be shy, this tiny amount can give you what you really need, isn’t it worth that to you?"
Of course each one said YES, following the Rain Maker in a haze of hope, except for the Ingall’s family. Having a keen eye for shuckster’s, Charles knew better, but it wouldn’t have been good TV if they had all agreed. Ultimately, a huge number of residents gave over their hard earned $20, then found out there would be no rain, not even from the Rain Maker. He had slipped out of town in the cover of dark, like a good schuckster, and was not to be found when the town’s people wanted an answer to their questions, where is the rain, where is our money?
Does this sound familiar? Did we all hear the same speech yesterday from our President Obama, who also proposed more immediate changes that would push spending to $3.94 trillion in the current year? The budget outlines a 10-year plan for $637 billion in higher taxes on the estimated 5 percent of taxpayers with annual adjusted income of $250,000 or more. For taxpayers who earn less than that, the budget seeks $770 billion in tax cuts or tax refunds. Giving an overview of the fiscal 2010 budget Thursday morning, Obama said he is beginning the long-term task of restoring fiscal discipline, despite massive deficit spending, that he claims will be necessary to kick-start the economy. Which will create a record deficit that Obama himself projects, will reach $1.75 trillion, and who cited massive spending needed to reverse the worst financial crisis in decades.
Ladies and Gentlemen, we proudly introduce, the Rain Maker...