Skip to comments.President Obama counting new taxes as spending cuts
Posted on 03/04/2013 6:35:07 PM PST by lowbridge
Worse, Obamas balanced plan actually counts hundreds of billions of new revenues from taxes, fees and rebates as spending reductions. Examples:
His plan to strengthen unemployment insurance is labeled as a cut, but its really a $50 billion tax hike.
The $35 billion from the federal worker retirement programs involves boosting worker contributions.
Most of the $35 billion in Medicare savings comes from charging wealthy seniors more.
The $140 billion in reduced payments to drug companies are in fact rebates Obama wants drugmakers to pay Uncle Sam for selling drugs to poor seniors.
Then theres the $45 billion in spectrum fees and asset sales that Obama lists as spending reductions.
Viewed correctly, it turns out that more than $300 billion about a third of Obamas proposed spending cuts are actually revenue increases.
(Excerpt) Read more at teapartypatriots.org ...
The man is a genius.
Another Nobel Prize coming up for Obama...this time for Economics.
One weapon used by the Democrats in the battle for control of Public Opinion is their re-definition of words that capture the imagination of the Low Information Voter.
For example, a cut in spending is a reduction in the projected rate of increase in spending, year to year.
Investment is giving away taxpayer dollars as porkbarrel to big donors.
Since all entitlements are funded by mandatory taxation of those who earn more than a politician determined minimum, we FReepers should call entitlements what they are: Welfare Taxes.
Thus, the main drivers of our tax burden-based National Debt and Annual Deficit are as follows:
* Welfare Social Security Tax
* Welfare Medicare Tax
* Welfare Medicaid Tax
* Welfare Obamacare Tax.
The latest from the Genius of Chicago* (any resemblence to the “Genius of the Carpathians”?)
So increase taxes, everyone cuts spending, economy slows down further, thus lowering tax revenues. So, O Great Genius, what would be your answer to that?
*nothing to do with the Chicago School of Economists, who are considered by such progressive luminaries as Thom Hartmann and Mike Malloy to be in cahoots with the Nazis and crony capitalists.
FUBO, FAD, and FAL/P! see tagline.
* Welfare Food Stamp Tax
* Welfare Heating Assistance (LIHEAP) Tax
* Welfare SSI Tax
* Welfare Unemployment Tax
* Welfare TANF (Temporary Assistance to Needy Families) Tax [PAID IN HARD CASH!]
* Welfare Child Care Tax
* Welfare Medicaid Tax
* Welfare Housing Tax (Section 8)
* Welfare Disability Tax (the new Unemploymnent Tax)
* Welfare etc. Tax
And this barely scratches the surface.
It’s like calling tax credits, to people who don’t pay taxes, “tax refunds.”
Oh yeah—and taxes are merely “payroll premiums.”
Kindly take Social Security and Medicare off the list. Neither is funded by Welfare dollars. The other two are. Along with:
I've been saying that for years, every time some ADA elected mental deficient starts screaming, "Social Security and Medicare will bankrupt our country!"
... and hoping no one will notice the train of welfare trailers being pulled by the non-government income-taxpaying tractor labeled "Social Security..."
When you honestly assume that all the wealth of the nation belongs to the government, and what individuals are allowed to control is an “expense”, then, yes, a tax increase is a reduction in expenses, and therefore a “spending cut”.