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Showing posts with label reduce spending. Show all posts
Showing posts with label reduce spending. Show all posts

Monday, January 17, 2011

WHAT HAPPENS WHEN THE LIGHTS GO OUT?

OUT GO THE LIGHTS! That's what could happen to America if we fail to get our fiscal house in order. Consequences, there are surely dire consequences for not doing so and continuing along the spending path to certain ruin. And along comes the first big decision the new members of Congress will have to make: To raise the Debt Limit, or Not to raise the Debt Limit.


For those of you who are not into spending more than you earn, here's a short explanation of "The Debt Limit." Congress sets a dollar amount, called The Debt Limit, and the government cannot spend more than the Debt Limit amount set by Congress. When the government commits to MORE DEBT than the amount Congress has set, the President trots on over the Congress and asks, pretty please, will you raise the Debt Limit so we can continue to pay our bills and operate - in short, so we can continue to spend money we don't have.

A history lesson, the Debt Limit has been raised 11 times since 1996. Many of those raises were accompanied by promised spending cuts that never materialized. Same old government spenders, promise anything to get what they want. Same game, different players. Don't you believe one word of any promise to cut spending. It won't happen unless they are forced - and that means DON'T RAISE THE DEBT LIMIT, NO WAY, NO HOW.

And now here we are, Obama wants the Debt Limit raised so the government can continue to fund things like turtle tunnels, studying Chinese prostitutes, sidewalks to nowhere, the purchase of electric golf carts for rich golfers, funds for the National Endowment for the Arts so they can display more pornographic so-called art works, studying why Africans don't vote, money to develop a joke machine, studying how monkeys react to cocaine, the genetic makeup of ants; oh, doesn't it just give you warm fuzzies when you think of all the worthwhile things YOUR money goes for??? And Obama wants more of IT from YOU. He wants Congress to RAISE THE DEBT LIMIT so he can spend more.

But guess what? Obama was AGAINST raising the Debt Limit before he was FOR raising the Debt Limit. In 2006 Obama opposed any Debt Limit increase saying the following: "The fact that we are here today to debate raising America's debt is a sign of leadership failure. Leadership means the 'the buck stops here.' Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America's debt limit." These are Obama's exact words. Talk about two-faced hypocrisy, he's the King Cobra of the Washington snake pit. If America had a "debt problem" in 2006 what does he think the "debt problem" is now? Leadership failure?? Seems to be describing himself.

You will hear the Dems screaming about what will happen if the Debt Limit is not raised, Armageddon is on the horizon, America will be in default, blah, blah, blah. But you need to know that in 1995 a government shutdown did not cause a stock market crash, and it did not create widespread catastrophe and panic and the end of life as we know it, and the world won't spin off its axis in 2011 in spite of what Obama and his czars want us to believe. Everything is a panic with them. Do it or the world ends. Oh, my gosh!

So now I need to ask, is it wishful thinking to hope for the "change" that the Conservatives promised us in the last election? We spoke loudly and clearly and sent about 75 new people to Washington. We said QUIT SPENDING! AND WE MEANT IT. And now, Folks, they better listen to us. Or they too will be replaced. 2012 is almost here.

Wednesday, October 6, 2010

TAX CUT OR TAX INCREASE? AHH, THAT IS THE QUESTION!

Did you see Glenn Beck yesterday? He had a video of Austin Goolsbee, Obama's new Chairman of his Council of Economic Advisers, trying to explain why a tax cut for the "wealthy" was a bad thing and would cost the U.S. mucho bucks. He was talking about the wisdom of extending the "Bush Tax Cuts" to all Americans. But I think Mr. Goolsbee, though he's supposed to be an economist, doesn't know squat about taxes.

This is the thing, Mr. Goolsbee. When you take more money than you currently are taking, that's a TAX INCREASE. When you are not paying $100,000 in taxes one year but you will pay it the next year, that's a TAX INCREASE. THIS IS NOT A TAX CUT.

If the Bush Tax Cuts that have been in place for the last decade are preserved for all Americans, the government tax collection stays the same.

Goolsbee says the government will have to borrow $700 billion to cover the "tax cuts for the wealthy." But this is not a TAX CUT. It is a TAX INCREASE. So why would the government have to borrow $700 billion to cover money that they are not currently getting? How can it cost anything when the money isn't currently coming in? That's like hoping you get a $500 per month raise at work and then one morning telling your boss that if you don't give me a $500 per month raise, it's going to cost me so much money I'm going to have to borrow $500 every month to cover the raise I didn't get. The point? Why would you have to borrow $500 per month to replace money you were not getting in the first place? This is precisely what Obama wants to do.

Republicans want the Bush Tax Cuts extended to ALL Americans. Under the GOP plan you earn, the government does not take more of your money, so you keep the money you earn. The amount taken by Uncle Sam remains as it has been for 10 years.

Under the Obama plan, you earn, the government takes more of what you earn and spends it on someone else, like the unions, or whatever people or group Obama likes at the time, and you have less for your own needs.

Well, I have a message for Obama. THIS ISN'T YOUR MONEY TO TAKE AND GIVE AWAY TO SOMEONE ELSE! Our hard earned money is not YOURS. And quit saying you are giving people tax cuts. This is not a tax cut. It is a TAX INCREASE. A tax cut is giving people more money. A tax cut is when the taker does NOT take more of our money. This is an important distinction. Extending the Bush Tax Cuts costs the government absolutely nothing extra.

Obama, the rich are not the enemy. They are the employers, the job creators, the philanthropists, the primer of our economy. Right now they are scared to do anything because your policies are creating uncertainty on every front.

Americans need to know that this is a government game. We are being played for fools. This is class warfare, and it is a big, fat lie. Obama's top economic advisor tries to tell you your money is theirs, you have no right to it. But it is yours. You should be able to choose when to share your money and whom to share it with.

Tell the government that No, We Will Give No More. Keep all Bush Tax Cuts in place forever. Tell them to balance the budget and QUIT SPENDING instead of playing the Money Grab Game.

Tuesday, September 28, 2010

OUR BANKER SAYS THE U.S IS "ONE STEP NEARER" TO CRISIS

In case you don't believe that America's debt levels are shocking to the world, OUR BANKER, that's CHINA'S CENTRAL BANK, has issued a sky-is-falling warning. They have stated that "China is worried about the safety of its foreign-exchange reserves including those investments in U. S. Treasuries." In other words, China believes the U. S. cannot make good on the almost one trillion dollars we owe them. I believe that's called "default."

What's alarming China? The Congressional Budget Office says the U. S. will record a $1.3 trillion budget deficit for the fiscal year ending September 30. This budget deficit will be equivalent to 9.1% of gross domestic product, making it the second-largest percentage of GDP in 65 years, exceeded only by the 9.9% in 2009. Both budget deficit breaking years have occurred under the Obama administration. And Obama isn't done spending yet!

Want another scary FACT? The CBO projects that the U. S. will have a cumulative deficit of 6.27 TRILLION DOLLARS in the next decade, thanks to the Monstrous Obama Spending Machine. Say goodbye to any hope of financial stability for future generations.

China is the biggest foreign investor in U. S. Government Bonds. If China decides to dump our debt or quit purchasing our bonds we are sunk, and the sound of us being sucked down the Default Drain will be heard worldwide. And it's closer than you think.

Tuesday, September 14, 2010

SENATOR BOEHNER A TRAITOR? YOU BET!

John Boehner last week announced a Two-Point Economic Plan which included a spending freeze and a two-year extension of the Bush tax cuts. Good idea, actually a GREAT idea, reduce spending and retain all of the Bush tax cuts. That's a great economic plan in a weak economy.

But what did Boehner say on Sunday? That he would support renewing tax cuts for the middle class but not the wealthy! Can you believe it? Changed his mind in less than a week. He is saying he will go along with the Obama proposal to extend the Bush tax cuts for everyone except the "wealthy." What in the world is wrong with Mr. Boehner?

The White House jumped all over these comments as a potential sign that the GOP might give up and back the Obama plan of no tax increases for the majority but large tax increases for the minority (that's the so-called "wealthy). With Boehner's stamp of approval the White House will now dig their heels in the mud and never agree to leave all of the Bush tax cuts in place.

John Boehner, we do not want increased taxes on the "wealthy." Whose definition of "wealthy" do you use? Who decides what is enough money to label a person "wealthy?" And this man is the House Republican Leader? JOHN BOEHNER NEEDS TO BE DE-ELECTED. How could he be so stupid??

The message from Americans is simple: NO TAX INCREASES, PERIOD, FOR ANYONE. We need less of Washington, not more, and we need more jobs, not less. Raising taxes on anyone will cause higher unemployment. This is a historical fact.

Remember, the Democrats are running scared from Obama's agenda, and the last thing the Republicans should do is cave in to the lunacy. They should be standing strong for lower taxes, smaller government, less spending, less regulation -- and TERM LIMITS.

THROW THEM OUT IN NOVEMBER, INCLUDING JOHN BOEHNER