Posted on 11/15/2012 6:18:32 PM PST by MosesKnows
On November 5, 2012, Barack Obama was President; Democrats held the majority in the Senate and the Republicans held the majority in the House of Representatives.
On November 7, 2012, Barack Obama was President; Democrats held the majority in the Senate and the Republicans held the majority in the House of Representatives.
Nothing had changed!
However, there are many who hold great expectations of change. The predicted direction of the change depends entirely on the individual. Some are predicting that unemployment will increase whilst others are predicting that unemployment will decrease. Certainly, a decreasing unemployment rate would be the better change were it achieved.
I am a Christian Conservative Tea Party Patriot who does not believe that Obama’s proposal to increase taxes on the millionaires’ works toward a solution. If the increased taxes cause, some amount of additional revenue to the Treasury it will reduce the need to borrow by exactly that amount and that is a good thing. However, it is not a solution? The problem I have with Obama’s agenda is that raising taxes on millionaires is being sold as the solution.
Defining the objective may be the missing bit of information. Both points of view appear to have the same stated objective; help people. How does one help people? The noblest ways to help someone is to employee them or help others employ them. Doing the noble thing requires an improved economy. What are ways to improve the economy?
In simple terms, Conservatives like me prefer a constitutional government. A constitutionally government is a government that functions within the confines of the Constitution. The Constitution does not empower the government to make business the business of the Federal Government. Liberals and Socialist like Obama believe that a constitutional government is without limits.
We can’t say with any real certainty what will happen but we do know that President Obama clearly says the Constitution is flawed and since he is President his notion of the Constitution will prevail.
I decided to measure progress by recording the data points on a date certain and then compare those same data points to their current figures from time to time. The reference date I selected was November 5, 2012, the day before the election.
Reference data for November 5, 2012.
Employment :
The Unemployment Rate was 7.9%.
Bureau of Labor Statistics
The actual number of unemployed (u6) was 22,640,720.
Bureau of Labor Statistics
The number of Officially Unemployed (u3) was 12,193,396.
Bureau of Labor Statistics
The size of the US Work Force was 143,516,878.
Bureau of Labor Statistics
The US population was 314,773,386.
U.S. Census
The number of US Income taxpayers was 114,711,403.
Internal Revenue Service
The number of Federal Employees was 4,362,084.
US Census
The number of State/Local Employees was 15,026,466.
US Census
Economy :
The size of US Gross Domestic Product was $15,467,034,781,456.
Congressional Budget Office
The economic growth rate was 1.3 %.
Note: 2nd estimate for 3rd qtr due Nov 29.
The Gross Debt to GDP Ratio was 105.1409645 %.
Congressional Budget Office, US Treasury
The Revenue to GDP Ratio was 32.6050757 %.
US Census, Office of Management and Budget, Congressional Budget Office, Bureau of Economic Analysis
The Spending to GDP ratio was 41.0814890 %.
US Census, Office of Management and Budget, Congressional Budget Office, Bureau of Economic Analysis
Government :
Revenue :
The Federal Tax Revenue was $2,432,170,737,000.
Congressional Budget Office
The Revenue from Income Tax was $1,124,391,886.
Congressional Budget Office
The Revenue from Payroll Tax was $846,240,201,299.
Congressional Budget Office
The Revenue from Corporate Tax was $234,601,618,540.
Congressional Budget Office
Budget :
The size of Federal Spending was $3,547,641,362,387.
Congressional Budget Office
Social Security was $781,957,057,372.
Office of Management and Budget
Medicare/Medicaid was $749,284,908,000.
Office of Management and Budget
Defense/Wars was $659,099,618,782.
Department of Defense
Income Security was $362,700,048,000.
Congressional Budget Office
The net Interest on the Debt was $ 258,917,789,000.
US Treasury
The Federal Pensions were $212,363,819,000.
Congressional Budget Office
Total Federal/State/Local Spending was $6,354,052,054.
US Census, Office of Management and Budget, Congressional Budget Office , and Bureau of Economic Analysis
The Deficit borrowing was $1.1 Trillion.
Congressional Budget Office
The Debt was $16.1 Trillion.
US Treasury
Welfare
The number of US Families was 83,526,120.
US Census
The number of US Retirees and Social Security Income was 68,129,832
Social Security Administration
The number of Food Stamp recipients was 47,169,188.
Department of Agriculture
Taxes :
The tax brackets were 10%, 15%, 25%, 28%, 33%, and 35%.
Internal Revenue Service
The Inflation Rate was 2.2%.
Bureau of Labor Statistics
Obama will be more flexible now that it’s after the election, and that message has been relayed to Vladimir.
“since he is President his notion of the Constitution will prevail”
Not while I stand on God’s Earth.
obama claus came to town!
Not a safe assumption, the system is not so static...increased revenue might result in increased spending...even when running a debt.
The balance of the Supreme Court will change. How does the sound of seven “Progressive” Judicial Gods in Black Robes make you feel?
The Filibuster will not protect us because Elections have consequences, unless you’re a Republican President of course. There will be enough RINO’s in the Senate to give Obama and Reid anyone they want. Bet on it.
The Republic as we knew it is over. Not having any Children of my own, I feel for those FReepers who do.
God Bless the remains of a once great Nation. We had a heck of a run boys and girls. I will be long gone before another Republican, or should I say Anti-Democrat is elected POTUS.
Well, ladies and gentlemen of the Free Republic....we just finished watching “They Were Expendable” during movie night at my house and it prompted me to do some thinking,..we are a great nation with an exceptional, honorable history...
Screw these bastards in charge...they haven’t a clue what greatness is...and never will. We have history on our side...the Kenyan is nothing but a pissant poseur...he will never know the glory of righteousness.
This country may go down into the gutter but we KNOW what greatness is...teach your children, watch movies like this one, never forget the glory we had...maybe we’ll have it again....eff them all!
For reference
What changed is that we now have a president who is absolutely immune, by way of pigmentation, to any and all charges of illegality, malfeasance in office or violations of our constitution.
Since the election nearly 70,000 people have been laid off.
My count. Hard number.
What Changed?
Losing another election gives the left wing of the GOP an excuse to go along with the Democrats like they wanted to all along.
Obamanation Communism File.
Uh..on 5 Nov. I thought I was getting out of prison the following evening.
on 6 Nov. I learned my sentence was extended 4 more years, and my country may not survive.
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