Democrats would only be too happy to push America off the cliff. Why would they compromise when they could have everything they want and more? Oh, their jubilee in having the Republicans to blame.
Orator Obama campaigned on raising taxes to bring in $8oo billion dollars of new revenue for the Federal government to spend over the next ten years as part of his “balanced budget approach” of “fair share”. At no time did Obama mention where the cuts to spending will occur in this “balanced approach”. I was listening. Obama’s current “balanced budget approach” was brought to the house by way of tax cheat Treasury Secretary Geithner. Now, $1.6 trillion in new taxes, $50 billion in new stimulus spending, $30 billion to extended unemployment benefits, death tax rate increased to 45% on estates and farms worth $3.5 million or more, and the audacity to rid the Federal government of having to ask congress for permission to raise the debt ceiling. Where are the cuts to spending? “Down the road”. Reagan traveled down that road and met with a dead-end.
The first two months of Fiscal year 2013 our Federal government spent $638 billion. $346 billion was collected in revenue. Simply put, we borrowed 46 cents for every dollar we spent. Revenue (taxes) comes from people going to work everyday. Taxes are collected from paychecks, the Federal tax on gas, and other money people spend. November Bureau of Labor Statistics data states 143,262,000 Americans were employed. Great, 847,000 people found work since June. Where are the jobs? 621,000 of the 847,000 Americans were employed by federal, state and local governments. Nice. Dwindling numbers of the American work force are supporting the expansion of government salaries. Margaret Thatcher had once said, “The only problem with Socialism is that you eventually run out of other people’s money.” Revenue is not the problem, being over regulated and spending is.
Obama is not the sole owner in the responsibility of our nation’s decline but, put it on steroids. “Democracy” running unchecked for decades has brought us to where we are today. Lyndon Banes Johnson’s (D), Major Great Society Programs ravaged our economy within years of its implementation. LBJ wanted our nation “to build a great society, a place where the meaning of man’s life matches the marvels of man’s labor.” Nixon (R) gave us Executive Order 11615 ending the Gold Standard to begin printing borrowed money from The Federal Reserve and the Environmental Protection Agency to further global initiatives. Carter (D) stated, “President Barack Obama will help foster a fairer, stronger, more prosperous, and inclusive America if re-elected. “ Enough said. GW Bush (R) raised taxes and expanded government.Clinton (D) got into the White House the same way Obama did. Little was known about him and the media backed him. Clinton set into motion the housing bubble by the expansion of HUD. Clinton established the Clinton Foundation for Global Initiatives to pursue Global Governance. Clinton will be remembered as the president who survived impeachment after a several sex scandals. GHW Bush (R) expanded government and nationalized our countries banking institutions. The United States of America is a Constitutional Republic not a Democracy.