Posted on 03/15/2009 5:49:15 AM PDT by Scanian
Imagine that last fall before being elected, Barack Obama had outlined the positions he has embraced since being inaugurated as president. An honest campaign speech could have gone something like this
As we approach Election Day, the American people should not waste the crisis we find ourselves in.
Consequently, if elected, I promise to get us over the Bush financial meltdown with a stimulus program that will borrow $787 billion - which, of course, will add to the already sizable budget deficit (nearly $500 billion) projected in the Bush administration's last budget.
By March of next year, my new $3.6 trillion budget will include a spending bill with more than 8,500 budget earmarks to target in-need constituents.
In addition to the stimulus/borrowing plan, I intend to devote $634 billion to fund a new supplementary national health-care system. But that is not all. Unfortunately, the initial Bush bank bailout of some $700 billion also may well have to be augmented by an additional $750 billion.
Although my new spending proposals may raise the federal deficit in my first year to $1.75 trillion, I promise the American people that by the end of my first term, I will halve the federal deficit - albeit adding another $3 trillion to $5 trillion to the national debt.
Those savings can be accomplished by upping the federal income tax to about 40 percent on those rich 5 percent of Americans who currently pay only 60 percent of our aggregate income taxes - as well as lifting Social Security caps on their payroll taxes and cutting out many of their tax deductions.
With state income taxes, federal income tax, Social Security and payroll taxes, along with new cutbacks in deductions, some of these rich will pay over 60 percent of their incomes in taxes
(Excerpt) Read more at washingtontimes.com ...
elections have consequences..
-ping-
Never believe someone who has spent his whole life talking, not doing. This is classic conman
0be could not be doing this without the complicity of Congress.
Throw in some promises to engage in targeted attacks of TV and radio personalities who oppose my programs...
Congress could not be doing this if Obamao actually kept his campaign promises...
(wait a sec ... I must be spending too much time at DU) /s
Source above quotes: http://www.foxnews.com/politics/2009/03/02/republicans-expected-war-savings-obama-budget-suggest-fuzzy-math/
Why are the Chinese worried about US T-Bills?Could it be because the US is now completely in the hands of thieves, fraudsters, con-men and inherently corrupt -- for example (pay attention to order) Obana's Treasury Security Tim Geithner, Federal Reserve Chairman Ben Bernanke, Resident Usurper Barack Obama, and Congress -- every Democrat and RINO in the Senate with all except a few Democrats in the House?
How much should the chicken broker value new Farmer Obama's chickens as collateral for a loan, when he knows Farmer Barack is a notorious PETA activist ovo-lacto-vegetarian and an animal lover who boards rescued foxes in the chicken house who was given charge of the farm by a dotty old aunt once his uncle died?
A senior security holder would force the farm into bankruptcy and race like a madman down the dirt roads to take over the operation ASAP, rather than wait to see what the outcome might be. That's what I think. anyway.
So why are the Chinese worried about US T-Bills, eh?
It was amazing how people refused to see what was right in front of their eyes.
Thanks. The VDH ping list was pinged to this article here: http://www.freerepublic.com/focus/f-news/2204541/posts
But, more VDH the merrier
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