Last week Obama urges Congress to adopt a government option for healthcare .. a plan that will cost over $1.3 trillion. On Monday Barack Obama announced to the nation that he was going to ramp up stimulus spending.
Now, all of the sudden, Barack Obama is worried about spending. Yesterday he urged Congress to reinstitute Paygo. That would require Congress to finance the cost of any spending initiatives by either increasing taxes or cutting something from the budget. Based on the Democrats lofty schemes -- universal healthcare, increased spending on education, energy legislation, bailouts, stimulus spending - it doesn't seem like much is going to be cut from the budget. In fact, we are talking about the largest expansion of government in history, and that is on top of our $1.8 trillion federal deficit. Oh and somehow Obama also plans on cutting the deficit in half by the end of his first term.
So how is all of this going to happen? Well it sure isn't going to happen with economic growth, not with this economic fascist running the show. So the answer is ... tax increases. That's the only way.
We have three basics economic classifications in this country. Producers, moochers and looters. The moochers are licking their chops, the looters are putting on their ski masks and the producers are looking for cover.
You can rest assured that there won't be any direct new taxes or increases on the moochers; after all, those are Democrat voters. Obama's plan is simple. All he has to do is tax the wealth. Seize the money from the evil rich, the job providers, the corporations, the small businesses. We already know that this is the plan to pay for healthcare .. Obama said so earlier this week. Listen to how he says this, "Entitlement increases and tax cuts need to be paid for ... They are not free, and borrowing to finance them is not a sustainable long-term policy." When Obama says "tax cuts" he is actually referring to government handouts. You would know that if the media was treating this honestly. Someone has yet to explain to me how it is possible for Obama to give tax cuts to people who don't pay income taxes. But then again, he is like God (sort of) ... right?
Apparently some items would be exempted from Paygo: Medicare payments to physicians, the estate and gift tax, the Alternative Minimum Tax and tax cuts enacted in 2001 and 2003.
But here is how it really works. This paygo thing is nothing but a gimmick. At least that is what Brian Riedl, a budget analyst at the Heritage Foundation, believes. He explains that "the Paygo law required Congress to make across-the-board cuts in entitlement spending at the end of any year in which the Congressional Budget Office found that Paygo requirements had not been met. He said lawmakers responded each time by passing another bill, waiving the Paygo requirements." In other words, it is nothing but a talking point. It's a charade to make you believe that these politicians actually care about spending when in fact they don't. All they care about is making you, the ignorant voters, more dependent on government.