With unemployment surging to 9.2% in June, President Obama is in NO position to tell Republicans what to do much less command them to capitulate to his wishes on raising the nation’s debt ceiling by August 2, 2011. Democrats got a big shellacking in the 2010 mid-term elections, giving Republicans control of the House and more Senate seats. Obama’s budget was rejected by the Senate 97-0 and Democrats haven’t produced a budget in over 700 days. Meanwhile, the president, riding a sky high spending spree, introduced a $3 trillion budget for 2012.
In two short years in office, Obama has spent $4 trillion about the same amount President Bush spent in his entire eight years in office. President Obama is not the Messiah and I hope by now the liberal news media and supporters can painfully see this and end this sickening fawning over a man, who has failed as president. Last week Obama held a White House press conference acting like a king holding court over his loyal subjects. His demeanor was childish, glib and anything put leader-like.
In true blame game fashion, Obama said Congress needs to grow up and give him a $4 trillion debt buster budget plan HE likes so HE can sign it, because HE is KING. Obama’s churlish rhetoric was aimed at sticking it to Republicans and grabbing headlines than engaging in a meaningful discussion about reducing the nation’s $14 trillion debt, he jacked up over the past two years.
Obama chastised Congress, which is really code for Republicans, for waiting until the last minute to bring him a debt deal, saying even his kids Sasha and Malia “finish their homework a day ahead of time. . .Congress can do the same thing. If you know you’ve got to do something, just do it.”
Obama should heed his own advice and just agree to the Republicans terms for reducing the nation’s debt. Ending tax breaks on corporate jet owners sounds good but would only amount to minuscule savings. As for all those “wealthy Americans,” most of those millionaires Obama describes make less than $1 million. People making $250,000 and over in this country already PAY ENOUGH TAXES! Nearly 75% of small businesses are set up as partnerships, sole proprietorships or LLC and taxed at individual rates so raising taxes on these “rich” earners will mean job cuts. Not the remedy we need right now with 14 million Americans unemployed.
There is something very wrong in this country when 10% of people pay 55% of taxes and nearly 50% pay NO taxes. When you have no skin in the game, you think government money grows on trees and the nanny state will always be there to pick up the tab. Well, the nanny state is bankrupt.
The federal government must stop its spending binge and as all 47 Senate Republicans support, add a balanced budget amendment to the Constitution. We have only balanced the budget five times in half a century, which will force Congress to make necessary cuts. Everything should be on the chopping block, Defense, entitlement programs, regulatory redundancy including staffing but not tax increases on individuals. Americans are taxed enough already and when numerous studies show when taxes are cut state and federal revenue grows.
For the past three years, the federal government has been on a spending binge, borrowing 40 cents for every dollar it spends. Under Rep. Nancy Pelosi and Sen. Harry Reid’s leadership, Democrats ballooned the nation from $8.67 trillion to $14.1 trillion, an increase of $5.43 trillion or 63%. From the presidencies of George Washington to Bill Clinton, the federal government amassed as much debt as Democrats added in just four years in power (2007-2011).
This debt reduction showdown between Obama and Republicans reminds me of the 1960s’ TV series Lost in Space. The president is drifting around in outer space while the robot, played by Republicans, issue him stern warnings, “Danger Will Robinson, Danger!” Are you listening Mr. President?