President Obama Leads The Progressive Radical Socialists In Intentionally Destroying Jobs, Killing The American Dream, and Wrecking Market Capitalism–Stop All New Federal Spending and Taxes!

Posted on November 19, 2009. Filed under: Blogroll, Communications, Demographics, Economics, Employment, Energy, Fiscal Policy, Health Care, Investments, Law, Life, Links, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Regulations, Reviews, Technology, Video, Wisdom, government spending, liberty, media | Tags: Andy Stern, Apollo Alliance, Barack Obama, Cloward-Piven Strategy, economic policy, fiscal policy, Hayek, Health Care Reform, Keynes, monetary policy, Obama, Obama Depression, President Obama, Progressive Radical Socialists, Recession, Saul Alinsky, SEIU, stimulus package, Unemployment Rate |

“The democracy will cease to exist when you take away from those who are willing to work and give to those who would not.”

~Thomas Jefferson

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“A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned – this is the sum of good government.”

~Thomas Jefferson

Background Articles and Videos

To Create Jobs, Voters Say Cut Taxes and Stop Spending

“…As the policy debate has unfolded in Washington this year, voters have consistently believed that tax cuts would do more than increased government spending to stimulate the economy and create jobs. Now that the nation’s unemployment rate has reached 10.2%, voters continue to hold that view.

The latest Rasmussen Reports national telephone survey shows that 62% believe tax cuts are a better way to create jobs and fight unemployment. Only 21% believe that additional stimulus spending is a more effective tool. Earlier this year, as the first stimulus package was being debated in Congress, 62% of voters wanted the plan to have more tax cuts and less spending.

Given a different choice today, 51% believe canceling the rest of the stimulus money would create more jobs while 32% say spending the money would be the better approach to job creation. These findings are consistent with earlier polling. Most Americans say that, generally speaking, increased government spending is bad for the economy. Earlier this year, before the unemployment rate had reached its current highs, 45% wanted to cancel the rest of the stimulus spending while just 36% disagreed. …”

http://www.rasmussenreports.com/public_content/business/economic_stimulus_package/november_2009/to_create_jobs_voters_say_cut_taxes_and_stop_spending

EDITORIAL: National debt projections should be wake up call for our lawmakers

“…This week both the White House and nonpartisan Congressional Budget Office issued reports painting a bleak portrait of our economy, not just for ourselves, not just for our children but for our grandchildren. The stunningly grim $9 trillion, 10-year national debt forecast, as far as we’re concerned, would seem to preclude any further discussions about adding yet another trillion or so dollars for health care reform, especially if it includes a public option. A recent poll indicates more than half of our nation opposes such legislation, especially if it means more debt.

While much of the deficit spending the next few years is caught up in recent spending such as the American Recovery and Reinvestment Act approved under President Barack Obama and earlier Wall Street bailouts approved under President George W. Bush, consider this: Much of the debt piling up after 2013 involves the rising costs inherent in Social Security, Medicare and Medicaid as baby boomers retire to their expected rewards.

How on earth can this be the time to add another entitlement program? Does anyone really believe the government’s claim that health care reform will pay for itself, especially when Social Security, Medicare and Medicaid almost certainly will force an overhaul of those programs and/or significantly higher taxes for most Americans? …”

http://www.wacotrib.com/opin/content/news/opinion/stories/2009/08/27/08272009wactopeditorial.html

An $800 Billion Mistake

By Martin Feldstein

“…As a conservative economist, I might be expected to oppose a stimulus plan. In fact, on this page in October, I declared my support for a stimulus. But the fiscal package now before Congress needs to be thoroughly revised. In its current form, it does too little to raise national spending and employment. It would be better for the Senate to delay legislation for a month, or even two, if that’s what it takes to produce a much better bill. We cannot afford an $800 billion mistake. …”

“…The problem with the current stimulus plan is not that it is too big but that it delivers too little extra employment and income for such a large fiscal deficit. It is worth taking the time to get it right.”

http://www.washingtonpost.com/wp-dyn/content/article/2009/01/28/AR2009012802938.html

Peter Schiff on Budget Deficit National Debt and Economic Crisis

United States of Amercia Government

http://www.usa.gov/Agencies/Federal/Executive.shtml

http://www.federalbudget.com/

http://www.scribd.com/doc/3015540/US-Budget-Deficit-or-Surplus-1960present

http://blog.heritage.org/2009/03/24/bush-deficit-vs-obama-deficit-in-pictures/

Record-High Deficit May Dash Big Plans

$1.4 Trillion in Red Ink Means Less to Spend On Obama’s Ambitious Jobs, Stimulus Policies

http://www.washingtonpost.com/wp-dyn/content/article/2009/10/16/AR2009101602388.html

http://www.brutallyhonest.org/brutally_honest/2009/11/obama-tripled-the-national-deficit-his-first-year-in-office.html

http://online.wsj.com/article/SB125119686015756517.html

Table S–3. BASELINE PROJECTION OF CURRENT POLICY BY CATEGORY 1 (In billions of dollars)
Totals
2008		2009		2010		2011		2012		2013		2014		2015		2016		2017		2018		2019		2010- 2014		2010- 2019
Outlays:
Appropriated (“discretionary”) programs:
Defense (050) including cost of overseas contingency operations	612		662		717		715		718		732		747		766		784		803		823		843		3,628		7,647
Non-defense discretionary	508		584		681		639		607		595		597		608		622		637		652		667		3,118		6,304
Subtotal, appropriated programs	1,120		1,246		1,397		1,353		1,325		1,326		1,344		1,374		1,407		1,440		1,474		1,509		6,746		13,950
Mandatory programs:
Social Security	612		677		702		729		755		792		837		886		939		997		1,060		1,128		3,814		8,825
Medicare	386		425		452		497		507		565		631		650		720		751		780		871		2,652		6,425
Medicaid	201		258		285		273		284		307		332		360		389		418		450		483		1,481		3,580
Troubled Asset Relief Program (TARP) 2	………		235		70		11		9		6		6		3		1		*		………		………		102		106
Other mandatory programs	411		636		644		590		499		500		489		489		517		526		526		553		2,722		5,333
Subtotal, mandatory programs	1,610		2,232		2,152		2,100		2,054		2,170		2,295		2,387		2,566		2,693		2,817		3,035		10,771		24,269
Net interest	253		173		196		288		392		477		542		603		660		716		770		829		1,895		5,473
Disaster costs 3	………		2		8		15		18		20		22		24		26		27		29		30		83		220
Total outlays	2,983		3,653		3,754		3,756		3,788		3,993		4,204		4,389		4,659		4,876		5,090		5,403		19,495		43,913
Receipts:
Individual income taxes	1,146		904		1,026		1,155		1,306		1,418		1,537		1,657		1,771		1,885		2,001		2,114		6,443		15,870
Corporation income taxes	304		149		206		275		325		355		359		392		412		431		451		474		1,520		3,680
Social insurance and retirement receipts:
Social Security payroll taxes	658		653		661		699		734		775		823		866		919		958		1,003		1,045		3,691		8,482
Medicare payroll taxes	194		190		189		202		214		227		241		254		270		282		294		307		1,074		2,481
Unemployment insurance	40		40		50		62		72		76		78		79		77		76		72		73		339		715
Other retirement	9		9		9		8		8		9		9		9		9		9		9		9		43		87
Excise taxes	67		65		69		79		83		85		86		87		88		89		88		89		403		844
Estate and gift taxes	29		26		19		23		24		26		27		29		31		33		36		38		119		286
Customs duties	28		23		21		22		23		24		25		27		29		31		34		36		114		272
Deposits of earnings, Federal Reserve System	34		27		39		41		43		43		46		48		49		51		53		55		211		468
Other miscellaneous receipts	17		16		16		16		17		17		17		18		18		18		18		18		83		172
Total receipts	2,524		2,102		2,305		2,583		2,850		3,055		3,249		3,464		3,671		3,863		4,059		4,258		14,041		33,357
Deficit	459		1,552		1,449		1,173		939		938		955		925		988		1,013		1,031		1,145		5,454		10,555
On-budget deficit	642		1,684		1,559		1,302		1,085		1,101		1,135		1,112		1,189		1,210		1,225		1,329		6,182		12,247
Off-budget surplus (–)	–183		–133		–110		–128		–147		–163		–180		–188		–201		–197		–194		–184		–728		–1,692