President Obama’s Plan of Massive Deficit Spending Is Destroying The US Economy–The American People Say Stop Socialism BS Now!

Posted on July 20, 2009. Filed under: Blogroll, Economics, Employment, Fiscal Policy, government spending, Health Care, Investments, Law, liberty, Life, Links, Medicine, Monetary Policy, People, Philosophy, Politics, Quotations, Rants, Raves, Regulations, Taxes, Uncategorized, Video, Wisdom | Tags: , , , , , , , , |

 

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“A man who chooses between drinking a glass of milk and a glass of a solution of potassium cyanide does not choose between two beverages; he chooses between life and death. A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings.”

~Ludwig von Mises, Human Action, pages 676 and 680

 

Hannity: Sean & Dick Morris Talk Barack Obama and His Health Care Plan Strategy [FOX News]

Hurdles For Healthcare Reform.

Senator DeMint Speaks Against President’s Government Takeover of Health Care

The “Public Option” Myth

Democrats Destroying America by destroying Small Business with massive Taxes and Regulations

Glenn Beck – The One Thing – Obama “I Want To Remake America”

OBAMA IS A SOCIALIST. SHOCKING VIDEO OF OBAMA LYING ABOUT HEALTHCARE…

Democratic Socialists Support Single Payer Health Care

Mark Levin – Health care bill to give care to illegal immigrants

E-VERIFY: Sessions speaks to Senate about his E-Verify Amendment.

Stop The Spending and Deficits

US Federal Government Deficits

federal_spending

 

Stop Spending Our Future – The Crisis

Former KGB Bezmenov continues on demoralization in America

defcits

The time has come to send a clear and concise communication from the American people to the political class and elites in Washington D. C..

 We The People will vote out of office those elected civil servants who blatantly and arrogantly disregard the will of the people and their oaths of office to faithfully defend and protect the Constitution of the United States of America. 

With both Social Security and Medicare/Medicaid facing financial difficulties and huge shortfalls or deficits in coming years, no politician of either political party should be recommending a major expansion of so-called entitlement programs.

I.O.U.S.A. Bonus Reel: Deficits and Social Security

 

I.O.U.S.A. Bonus Reel: Social Security+Medicare Projections

 

The U.S. Economy is Unsustainable 

 

Yet President Obama and the Radical Socialist  Democratic Party are trying to pass a compulsory  government single payer socialized medicine and outlawing private individual health insurance!

When Obama gets into trouble the lying increases as does the shrillness of the rhetoric.

Both the cap and trade energy tax and the single payer government socialize medicine bills are in big trouble with the American people–the voters.

Barack Obama is in big trouble both economically and politically.

The Democrats are worried that the American people are not buying into the Obama high preasure sales pitch for both bills.

The progressive radical socialist Demoratic Party should be worried big time.

There are between 15,000,000 t0 25,000,000 Americans seeking full time jobs depending upon which Bureau of Labor statistic you want to use.

This is highest number of unemployed Americans in United States history and exceeds the 13,000,000 previous record unemployment of 1933 at the height of the Great Depression.

The Obama Depression arrived on July 4, 2009.

The national rate of unemployment should hit 10% either in July or August and is expected to hit 13% by the end of the year.

Yet both Democrats and Republicans persist in breaking their oaths of office by selective enforcement of the nation’s laws and ignoring the vast majority of American citizens who oppose illegal immigration, Open Borders, amnesty and driver licenses for aliens living and working here illegally.

There are currently between 20,000,000 to 30,000,000 illegal aliens living in the United States of which 15,000,000 to 20,000,000 are working at jobs American citizens did only a decade ago.

The number of Americans unemployed could be rapidly reduced if  the Federal Government would simply enforce current immigration laws and require all employers and not just Federal contractors to use E-Verify.

Obama Admin wants to kill E-Verify

E-Verify finally mandatory to federal contractors

As more and more Americans become unemployed, they will have time to take a close look at the progressive radical socialist Democratic plan that will bankrupt the US.

Most Americans understand that it is small to medium size businesses that generate nearly all of the new jobs and employ most Americans.

Most Americans understand that raising taxes during a recession or a depression will mean that these business will raise prices–inflation–and/or layoff workers to pay the taxes owed to the Federal government.

Most Americans understand that you do not create jobs or wealth by bailing out failing businesses and banks that have lost trillions of dollars in risky investment.

Most Americans understand that massive levels of Federal Government budget deficits and National Debt means that their children and grandchildren will be taxed in the future to pay the interest on this debt and eventually pay the debt off.

When the politicians return home to their districts and states they will be hearing from the American people.

The American people like their private health care plans and do not want to pay higher taxes to pay for health insurance for illegal aliens or for other American that chose not to purchase health insurance.

If they are unemployed they want government policies that increase job creation and lowers the rate of unemployment.

The bailouts, stimulus spending, the proposed cap and trade energy tax, and the taxes needed to pay for single payer socialized medicine are not and will not work to create jobs and wealth.

The American people say stop the socialism bullshit.

You will be voted out of office in November 2010 , 2012 and 2014.

Understand.

If instead of paying off their campaign contributors–the large banks, big insurance companies, unions and trial lawyers–President Obama and the progressive radical socialist Democratic Party  had advocated the  passage of the FairTax and a six month tax holiday, the economy would be improving now.

American People’s Plan = 6 Month Tax Holiday + FairTax = Real Hope + Real Change!–Millions To March On Washington D.C. Saturday, July 4, 2009! Revised and Updated

 

While it is not too late to change course, President Obama lacks the experience, understanding and wisdom to  do so.

Economic illiteracy is not a valid excuse when you are President of the United States.

President Obama Responds To DeMint’s “Waterloo” Comment

Abba – Waterloo

Yes, Mr. President it is all about you.

You are unqualified to be President of the United States and the American people are paying the price for your ignorance, arrogance and lack of experience and wisdom.

Two of this nation’s most respected economists Martin Feldstein and Thomas Sowell gave Obama sound advice that he chose to ignore at your peril.

Martin Feldstein’s Plan (part 1)

Martin Feldstein’s Plan (part 2)

Thomas Sowell and a Conflict of Visions

Obama like Napoleon has met his Waterloo. 

The American people will understand that  Obama is out to destroy America’s middle class by burdening them with massive tax increases, unprecedented deficit spending, a huge national debt and irresponsible government intervention into the economy.

The American people will change their minds and vote for candidates that understand and are interested real job and wealth creation.

Drs. Coburn and Barrasso Discuss “The Senate Doctors Show” on “Morning Joe”

Obama Approval Rating Is Tanking


 

The American people will reject the unconstrained vision of the progressive radical socialist and their income redistribution with single payer government socialized medicine and a new cap and trade energy tax.

The American people will stop the socialism BS!

“Socialism and interventionism. Both have in common the goal of subordinating the individual unconditionally to the state.”

~Ludwig von Mises, Omnipotent Government , page 44

 

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Background Articles and Videos

America’s Affordable Health Choices Act of 2009, H. R.

http://edlabor.house.gov/documents/111/pdf/publications/AAHCA-BillText-071409.pdf

Obamacare: Code Blue

By Michelle Malkin  

obama_care
Photoshop credit: Reader Dave

“…We need a Do Not Resuscitate order for the flailing Democrats’ health care takeover plan.

It’s Code Blue and Team Obama is in panic mode.

Certain sign of desperation: Summoning the nutroots to help.

And another from Mark Knoller, who reports that the White House has moved up Obama’s health care statement today to 12:15pm in the Rose Garden.

And now this from Reuters:

The House of Representatives Energy and Commerce Committee has canceled its Tuesday debate and vote on healthcare legislation but has kept a Wednesday meeting on its schedule.

Good. This will give Obama time to study the plan he supports — a plan that he admitted he’s not familiar with when asked about the provision that would effectively kill off the individual insurance market.

***

Philip Klein tosses the politics card back at the White House:

Obama’s health care push is hitting a rough patch because moderates in his own party are skittish about the price tag and tax increases. The Congressional Budget Office determined that none of the Democratic bills do anything to rein in costs — the primary rationale for his health care drive. And the Mayo Clinic, which Obama has routinely praised as a model for the health care system, has blasted the House legislation. Yet Obama wants to rush legislation through so he has a victory going into an election year.

In fact, as CNN reported, “The Senate Democratic leadership and the White House are putting heavy pressure on the Finance Committee to adopt its health care plan before the president speaks to the nation (on Wednesday).” So in other words, Obama is trying to pressure the Finance Committee not to write the best legislation its members can, not to reach a bipartisan compromise, but to pass whatever bill they can before he goes in front of the television cameras to give a prime-time news conference.

Yes, it is about him. …”

http://michellemalkin.com/2009/07/21/obamacare-code-blue/

Ronald Reagan Speaks Out Against Socialized Medicine

Battle of Waterloo: Napoleon commits the Guard

The Obama Agenda Bogs Down

Democrats got what they wanted in the stimulus bill. The public knows it.

By Fred Barnes

“…It usually doesn’t happen this quickly in Washington. But President Barack Obama and congressional Democrats are finding that the old maxim that what goes around, comes around applies to them, too. Less than six months into his term, Mr. Obama’s top initiatives — health-care reform and “cap and trade” energy legislation — are in serious jeopardy and he has himself and his congressional allies to blame.

Their high-pressure tactics in promoting and passing legislation, most notably the economic “stimulus” enacted in February, have backfired. Those tactics include unbridled partisanship, procedural short cuts, demands for swift passage of bills, and promises of quick results.

With large majorities in Congress and an obsequious press corps, Mr. Obama was smitten with the idea of emulating President Franklin Roosevelt’s First 100 Days of legislative success in 1933. Like FDR, Mr. Obama tried to push as many liberal bills through Congress in as brief a time as possible.

He made a rookie mistake early on. He let congressional Democrats draft the bills. They’re as partisan as any group that has ever controlled Congress, and as impatient. They have little interest in the compromises needed to attract Republican support. As a consequence, what they passed — especially the $787 billion stimulus — belongs to Democrats alone. They own the stimulus outright. …”

http://online.wsj.com/article/SB124804492049963557.html

Mayo Clinic calls House plan bad medicine

Obama loses support on reform

By Christina Bellantoni (Contact) and Jennifer Haberkorn (Contact)

“…A world-renowned clinic that President Obama held up as an example of good medicine said Monday that the American people would be “losers” under the House’s health care proposal, joining the growing chorus of critics the Obama administration is trying to fend off as the debate intensifies from Capitol Hill to Main Street.

Minnesota’s not-for-profit Mayo Clinic, which Mr. Obama has repeatedly hailed as offering top quality care at affordable costs, blasted the House Democrats’ version of the health care plan as lawmakers continue to grapple with several bills from each chamber and multiple committees.

The Mayo Clinic said there are some positive elements of the bill, but overall “the proposed legislation misses the opportunity to help create higher quality, more affordable health care for patients.”

“In fact, it will do the opposite,” clinic officials said, because the proposals aren’t [R]patient-focused or results-oriented. “The real losers will be the citizens of the United States.” …”

http://www.washingtontimes.com/news/2009/jul/21/mayo-clinic-calls-house-plan-bad-medicine/

The Psychology of DebtObama’s Rendezvous with Political Reality
by Victor Davis Hanson
Pajamas MediaDebt Matters

“…George W. Bush pleaded that deficits — and unprecedented large ones at that — were necessary in light of the downturn after 9/11, Katrina, the expense of two wars, and the new programs such as Homeland Security, No Child Left Behind, and the Medicare Prescription Drug benefit entitlement.

Yet what is forgotten is that Bush paid a terrible price for his deficit spending. His unpopularity was not entirely due to Iraq, but finally in large part to the notion that our national debt after eight years of unprecedented borrowing has soared to $11 trillion. He desperately tried to convince Americans that his tax cuts had stimulated the economy (quite true), and had led to greater aggregate revenue than ever before (quite amazingly so).

No matter. Spending increased, especially in the first term, to such levels that it nullified the revenue bonanzas from a growing economy stimulated by tax cuts, and left us larger in debt than ever before. Instead, the entire notion of supply-side economics was unduly discredited, as voters blamed tax cuts, not out of control spending, for the new unsustainable deficits. …”

“…Right now various members of the Obama team promiscuously toss out ideas like lifting the income caps on payroll FICA tax, or adjusting the brackets up to nearly 40 percent, or adding a 2-4 percent surcharge on the “wealthy” — all on top of increases recently in state income and sales taxes. Do the math — as are small businesses that are putting off hiring and purchasing in fear that they may well be subject to an aggregate state and federal rate of nearly 70 percent on their income. Obama acts as if business has nowhere else to go, as if the only gate out of the corral for the proverbial lamb leads to the slaughterhouse.

Add in the depression-era rhetoric of ‘”spread the wealth” and “pay your fair share” talk, along with the idea that the new taxes will not even pay down the deficit, which will in fact soar and require both inflation and higher interest to pay it down. The result is a growing anger that higher taxes in this administration somehow still ensure higher deficits. So Clinton gave us high taxes and finally a surplus. Bush at least gave us tax cuts — but a large deficit. Obama gave us the highest taxes in recent memory and the highest deficits in our history. That is not a winning combination.

Balance the budget — and President Obama could, as Clinton, be forgiven for quite a lot. Run up record deficits, and the voters will give him even less empathy than they did George Bush. Just watch …

http://www.victorhanson.com/articles/hanson071909.html

 

Martin Feldstein

“…Martin Stuart “Marty” Feldstein (born November 25, 1939 in New York City) is a conservative[1] American economist. He is currently the George F. Baker Professor of Economics at Harvard University, and the president and CEO of the National Bureau of Economic Research (NBER). From 1982 to 1984, Feldstein served as chairman of the Council of Economic Advisers and as chief economic advisor to President Ronald Reagan (where his deficit hawk views clashed with Reagan administration economic policies). He has also been a member of the Washington-based financial advisory body the Group of Thirty since 2003. …”

http://en.wikipedia.org/wiki/Martin_Feldstein

 

Thomas Sowell

“…Thomas Sowell (born June 30, 1930), is an American economist, social commentator, and author of dozens of books. He often writes from an economically laissez-faire perspective. He is currently a senior fellow of the Hoover Institution at Stanford University. In 1990, he won the Francis Boyer Award, presented by the American Enterprise Institute. In 2002 he was awarded the National Humanities Medal for prolific scholarship melding history, economics, and political science. In 2003, he was awarded the the Bradley Prize for intellectual achievement[1]. …”

http://en.wikipedia.org/wiki/Thomas_Sowell

Glimpse of Obamacare future: 83 million would lose private coverage

By Michelle Malkin  

“…B-b-b-b-but I thought the Democrats’ plan was all about enhancing “choices” and “options”…

“Democrats and President Obama have denied that the creation of a new government-run health care plan would be a Trojan Horse for single-payer health care, but a new report by the Lewin Group (comissioned by the Heritage Foundation) finds that the House Democrats’ health care bill would shift more 83.4 million Americans from private health care coverage to the government plan. To put that in perspective, that would mean that nearly half (48.4 percent) would lose their private health coverage.”

Philip Klein, TAS

***

Related: Read Cliff Asness on health care mythology.

The government does not co-exist or compete fairly with private enterprise. It does not play well with others. The regulator cannot be a competitor at the same time. It cannot compete fairly while it owns the armed forces and courts. Finally, it cannot be a fair competitor if when the “public option” screws up (can’t pay its bills), the government implicitly or explicitly guarantees its debts. We have seen what happens in that case and don’t need a re-run.

The first thing the government does is underprice the private system. You can easily be forgiven for thinking this is a good thing. Why not, cheaper is better right? Wrong. They will underprice private enterprise by charging less to the purchaser of health insurance, not by actually creating it cheaper. Who makes up the difference? Well, you and your family do if you pay taxes, or your kids will pay taxes, or their kids will pay taxes. The government can always underprice competition, not through the old fashioned way of doing it better, they never do that, but by robbing Peter to pay for Paul. They are taking money from your left pocket and giving you a small portion of it back in your right pocket. They do it every day before breakfast, and take a victory lap for the small portion they return.

Second, the government ultimately always cheats when it’s involved in “honest” competition. Try mailing a first class letter through Fed-Ex, or placing an off-track bet with a bookie, or playing a lottery through a private company. Uh, you can’t, so please stop trying. I don’t want you to hurt yourself. Once the government discovers it cannot win, it changes the rules. You see, the government has the power to legislate, steal, imprison, and kill. Those are advantages most private firms do not have, save Google, and you didn’t hear that from me (we all know the Google guy with one eye-brow would crush your larynx for creating a competing search engine). …”

http://michellemalkin.com/2009/07/20/glimpse-of-obamacare-future-83-million-would-lose-private-coverage/

 

Today: Nationwide protest against socialized medicine & cap-and-tax

By Michelle Malkin 

hand_off 

Happening at congressional offices across the country right now: Taxpayers are saying no to the Democrats’ government health care takeover plans. Tea Party protests are just getting underway. I’ll post more pics ad reports as they come in. Guess who won’t be there: CNN superhack Susan Roesgen.

From Shirley, here’s the scene at Sen. Claire McCaskill’s office in St. Louis: …”

http://michellemalkin.com/2009/07/17/today-nationwide-protest-against-socialized-medicine-cap-and-tax/

Barack Obama speaks the truth! Update: Mayo not okay-o with Obamacare

By Michelle Malkin  

“…Team Obama’s gaffetastic moments are their most honest ones. Here is the president warning that the government health care take over will create “inefficiencies.”

Uhhhh, you can say that again, champ (click to watch):

Jinx, you owe me a Coke, Mr. President.

***

Snort: Obama invokes the Mayo Clinic to bolster his health care takeover plans…but Mayo doesn’t support Obamacare.

More from Mary Katharine Ham: Obama Loves Mayo, But Mayo Does Not Love Him (Update: Gibbs Responds, Badly) …”

http://michellemalkin.com/2009/07/20/barack-obama-speaks-the-truth/ 

Reformers’ Claims Just Don’t Add Up

By INVESTOR’S BUSINESS DAILY |

“…Health Reform: Many extravagant claims have been made on behalf of the various health care “reforms” now emerging from Congress and the White House. But on closer inspection, virtually all prove to be false.

“…Still, lawmakers and the White House press on, relying on GOP weakness in the House and a new veto-proof majority in the Senate. They’re also relying on a lack of awareness that claims made on behalf of national health care may be mostly false. Among them:

• America has a health care crisis.

No, we don’t. Forty-seven million people lack insurance. Of the remaining 85% of the population, or 258 million people, polls show high satisfaction with the current coverage. Indeed, a 2006 poll by ABC News, the Kaiser Family Foundation and USA Today found 89% of Americans were happy with their own health care.

As for the estimated 47 million not covered by health insurance, 20 million can afford to buy it, according to a study by former CBO Director June O’Neill. Most of the other 27 million are single and under 35, with as many as a third illegal aliens.

When it’s all whittled down, as few as 12 million are unable to buy insurance — less than 4% of a population of 305 million. For this we need to nationalize 17% of our nation’s $14 trillion economy and change the current care that 89% like?

• Health care reform will save money.

Few of the plans now coming out of Congress will save anything, says the CBO’s current chief, Douglas Elmendorf. In fact, he says, they’ll lead to substantially higher costs in the future — costs that will be “unsustainable.”

As it is, estimates for reforming health care range from $1 trillion to $3.6 trillion. Much will be spent on subsidies to make a so-called public option more attractive to consumers than private plans.

To pay for it, the president has suggested about $600 billion in new taxes, meaning that $500 billion to $2.1 trillion in new health care spending over the next decade will be unfunded. This could push up the nation’s already soaring deficit, expected to reach $10 trillion through 2019 without health care reform. Massive new tax hikes will probably be needed to close the gap.

• Only the rich will pay for reform.

The 5.4% surtax on millionaires the president is pushing gets all the attention, but everyone down to $280,000 in income will pay more. Doesn’t that still leave out the middle class and poor? Sorry. Workers who decline to take part will pay a tax of up to 2% of earnings. And small-businesses must pony up 8% of their payrolls.

The poor and middle class must pay in other ways, without knowing it. The biggest hit will be on small businesses, which, due to new payroll taxes, will be less likely to hire workers. Today’s 9.5% jobless rate may become a permanent feature of our economy — just as it is in Europe, where nationalized health care is common. …”

http://www.ibdeditorials.com/IBDArticles.aspx?id=332723342557746

 

I.O.U.S.A. Chaper 1

I.O.U.S.A. Chaper 2 and 3

http://www.youtube.com/watch?v=aKr5o132t1U&feature=related

 

I.O.U.S.A. Chaper 4

I.O.U.S.A.: Byte-Sized – The 30 Minute Version

http://www.youtube.com/watch?v=O_TjBNjc9Bo&feature=related

Martin Feldstein Economy Speaker

The Obama Deception HQ Full length version

 

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