Posted on 02/26/2009 9:52:45 PM PST by cdchik123
The budget that President Obama proposed on Thursday is nothing less than an attempt to end a three-decade era of economic policy dominated by the ideas of Ronald Reagan and his supporters. The Obama budget — a bold, even radical departure from recent history, wrapped in bureaucratic formality and statistical tables — would sharply raise taxes on the rich, beyond where Bill Clinton had raised them. It would reduce taxes for everyone else, to a lower point than they were under either Mr. Clinton or George W. Bush. And it would lay the groundwork for sweeping changes in health care and education, among other areas.
More than anything else, the proposals seek to reverse the rapid increase in economic inequality over the last 30 years. They do so first by rewriting the tax code and, over the longer term, by trying to solve some big causes of the middle-class income slowdown, like high medical costs and slowing educational gains. After Mr. Obama spent much of his first five weeks in office responding to the financial crisis, his budget effectively tried to reclaim momentum for the priorities on which he campaigned.
After Mr. Obama spent much of his first five weeks in office responding to the financial crisis, his budget effectively tried to reclaim momentum for the priorities on which he campaigned.
His efforts would add to a budget deficit already swollen by Mr. Bush’s policies and the recession, creating the largest deficit, relative to the size of the economy, since World War II. Erasing that deficit will require some tough choices — about further spending cuts and tax increases — that Mr. Obama avoided this week.
But he nonetheless made choices.
(Excerpt) Read more at nytimes.com ...
Of course and that is why I have been saying it doesn’t matter who we choose in 2012, we will officially live in Socialism, people who don’t work will get money for doing NOTHING, who wouldn’t want to vote for that again. Why work if someone else will bust their ass and make you free money while you sit on your lazy butt. Welcome to the New America
It’s done yet.
it’s worse than socialism because of all the enviro nonsense and a weak defense. The Soviets were commies but they built up their military and they didn’t waste their time with enviro peaceniks.
I’m a small business owner.
I will close up shop and move somewhere else that wants me and the jobs I provide before I will work as a slave to the state.
Before becoming Mr. Obama’s top economic adviser, Lawrence H. Summers liked to tell a hypothetical story to distill the trend. The increase in inequality, Mr. Summers would say, meant that each family in the bottom 80 percent of the income distribution was effectively sending a $10,000 check, every year, to the top 1 percent of earners.
Communists (Stalin, Lenin, Mao, Castro, Pol Pot) would blush at the class warfare unleashed by the rats. The rats have started a war on capital and private property. The carnage from this war will be devasting. I wish I had some idea how to protect my wealth before they steal it.
Even my parents, who are regular Baptists, who voted for both Bushes and Reagan, who used to (apparently) believe in fiscal conservatism and limited government, have been caught up with this Obama nonsense.
Whenever I point to the monstrous hole our nation is digging itself in, they just shove all the blame on Congress and say Obama had nothing to do with it. Then they shovel blame on Bush.
It’s obnoxious to see the people who I was so proud of and who I thought raised me to take responsibility for my life so blindly defending this Marxist. And slamming debt down my throat at the same time.
Perhaps the sheen will come off, and it will be none too soon.
It doesn’t help that Obama can deliver a speech that leaves most conservatives stammering in his wake. It doesn’t have to have substance, apparently. It need only sound pretty, have the right intonation, and use strong words.
My whole family is caught up in this mythological creature, and it disgusts me. Perhaps when the tax increases slam into them head-on they’ll begin reconsidering...
There is no end to Obama’s lies, remember when he insisted he would only return to Clinton tax levels?
Leave the doom and gloom to the Demlibs.
When Obama’s plan comes crumbling down, someone will have to pick up the pieces.
Think Hitler. Hitler was an occultist. Before his speaking events he assumed a godform (probably the Norse pantheon). His personal ability was mediocre. When he had time to prep he was hypnotic.
Compare Obama's efforts when he has to speak off the cuff and when he has time to prepare. The differences are significant.
I'll leave it at that.
And when you add those up, they amount to an extremely small part of Obama's deficit.
He proposed putting a price on carbon, to slow global warming, and then refunding most of the revenue from that program through broad-based tax cuts.
God help us.
The history of the United States economy over the last 70 years can be roughly divided into two periods: the decades immediately after World War II, when inequality plummeted, and the past three decades, when global economic forces and government policies caused it to soar. Mr. Obama is setting out to begin a third period that looks more like the first than the second.
What a moron. In the first period, we were actually producing things and had the capability of paying for the huge, but necessary, deficit left from WWII.
“My whole family is caught up in this mythological creature, and it disgusts me. Perhaps when the tax increases slam into them head-on they’ll begin reconsidering...”
Sorry to take any hope away, but the maniacal truth is that he doesn’t have to be the one to put in the huge and sweeping middle class tax cuts.
OMG look at the debt and deficits he is planning to create. When we get so far under the water, it may not be a Dem who who implements the tax cuts. It may be a Republican. More alarming...it may be the right thing to do.
Rove explained it perfectly on Hannity. He is creating an accounting framework where he gets to take credit for halving the deficity in future years by keeping the “stimulus” as a permanent part of of our budget.
In other words he is carrying even the porkulus as part of the budget process and by cuttng it some, claiming he is cutting the deficit LMAO.
America is falling for it, media is abettng it and we the US deserves every bit of the mediocrity we will become.
It’s ingenius, it’s demonic...it’s our future.
Do you think we can? If even half of this stuff gets enacted, it will impossible to repeal without MASSIVE Republican majorities (probably a near filibuster proof senate). I don’t see that happening ever.
Then there’s the doomsday scenario of runaway inflation and civil unrest. I don’t want to think about that either - that’s why I quit listening to Glenn Beck. That guy is a survivalist these days.
What are your thoughts? Can we return to Reaganism?
sorry paragraph should alarmingly read:
“OMG look at the debt and deficits he is planning to create. When we get so far under the water, it may not be a Dem who who implements the tax increases. It may be a Republican. More alarming...it may be the right thing to do.”
The GOP can regain power, but it won't be easy and it could take some extended period of time. Hopefully, not the 40 years it took last time. Obama is a skilled politician, but his rhetoric can't save worn out and failed liberal policies forever. Right now, many Americans are giving Obama the benefit of the doubt. That could end at any moment. The philosophy of massive taxation, borrowing and spending can't last forever. The investors and entrepreneurs need an open field to create jobs and expand businesses. That can't happen when the government shackles free enterprise and over regulates the free market.
What the GOP needs to do is recruit some tough, thick skinned, intelligent conservatives who know how to play political hardball. That is the biggest challenge facing Republicans. Right now there are too many indians running around and not enough chiefs leading the charge.
and in case anyone doubts that what I posted in #11 is true, take a look at this Fox article I am going to post if not already posted. This comes straight from the pit of Hell.
President Obama wants to rescind a Bush administration rule that strengthened job protections for doctors and nurses who refuse for moral reasons to perform abortions.
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