Tag Archives: Barack Obama

Raising Revenue

There is a gap.

The United States brings in some amount of money.  And the united States spends some other amount of money.

There is a difference between those two amounts of money; and right now, the bigger amount is the amount we spend.

We’re in debt and getting debt’ier.

All the talk ’round town is that we have to fix this problem pretty soon and the deadline that’s looming is the debt ceiling.  Everyone is looking at August 2nd and working to build a plan by then.

In it’s simplest form, the debate is about narrowing the gap of the spending and the revenue.

How are we gonna do that?

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The President’s Weekly Radio Address: July 2, 2011

Remarks of President Barack Obama
Weekly Address
Saturday, July 2, 2011
Washington, DC

Right now, there are a lot of folks who are still struggling with the effects of the recession.  They’re wondering how they’d deal with an unexpected expense if their car breaks down.  They’re worried about layoffs. They’re not sure if they can help their kids pay for college. And for many families, these challenges were around long before the recession hit in 2007.

I ran for President because I believed in an America where ordinary folks could get ahead; where if you worked hard, you could have a better life.

See, I don’t think you did.  I think you ran for President because you felt that many of Americans’ had too much money.  And that you felt you could implement your own version of fair.

That’s been my focus since I came into office, and that has to be our focus now.

Mr. President?  To be fair, that hasn’t been any part of your focus since you came into office.  In fact, it’s been the exact opposite of your focus since you came into office.  See, you’ve focused on health care, auto bailouts and union givebacks.  None of those things creates jobs.

It’s one of the reasons why we’re working to reduce our nation’s deficit.

Define “working”.

Government has to start living within its means, just like families do.  We have to cut the spending we can’t afford so we can put the economy on sounder footing, and give our businesses the confidence they need to grow and create jobs.

I must say; truer words have never been spoken!

The good news is, Democrats and Republicans agree on the need to solve the problem.

Jeez, Mr. President, I hate to interrupt, but Democrats don’t agree on this point sir.  See, they wanna KEEP spending like college sophomores at Myrtle on Spring Break.

And over the last few weeks, the Vice President and I have gotten both parties to identify more than $1 trillion in spending cuts.  That’s trillion with a ‘t.’  But after a decade in which Washington ran up the country’s credit card,

Holy jeebus you won’t let Dubya go will ya?!?

we’ve got to find more savings to get out of the red.  That means looking at every program and tax break in the budget – every single one – to find places to cut waste and save money.  It means we’ll have to make tough decisions and scale back worthy programs.  And nothing can be off limits, including spending in the tax code, particularly the loopholes that benefit very few individuals and corporations.

I love with a capital L how you call a “tax break” a “spending program”.  So that’s how you’re gonna role, ain’t it?  You are gonna say that a tax break is an expenditure and that in order to “cut spending” you’ll have to “cut” those “tax breaks”.

Sparky….over heah….not foh nottin’, but ‘dat sounds like a tax hike to me! /SexyMobAccent

Now, it would be nice if we could keep every tax break, but we can’t afford them.

Here it comes….the money line….

Because if we choose to keep those tax breaks for millionaires and billionaires,

millionaires and billionaires…..

or for hedge fund managers and corporate jet owners,

MO’NEY!

or for oil and gas companies pulling in huge profits

I gotta say….I’d bet even money, EVEN ‘effin money, you couldn’t tell me what profit means!  Just sayin’.

without our help – then we’ll have to make even deeper cuts somewhere else.  We’ve got to say to a student, ‘You don’t get a college scholarship.’

Psssst…..ssshhhhhh, don’t tell no one…..he maybe don’t.

We have to say to a medical researcher, ‘You can’t do that cancer research.’ We might have to tell seniors, ‘You have to pay more for Medicare.’

How ’bout we tell 2 year unemployed guy he don’t need no more benefits?  How about we tell the college researcher looking into the mating habits of the Russian Yak we don’t maybe care so much?  How about we quit hiring $800,000 prison doctors?

Why do you always ALWAYS take the most important expenditures and put them at the top of the “cut list”?

Never mind…..I think I know.

That isn’t right, and it isn’t smart.  We’ve got to cut the deficit, but we can do that while making investments

Did’ja know that investments = spending?  I told you that Democrats don’t agree we need to cut spending.

in education, research, and technology that actually create jobs.  We can live within our means while still investing in our future.  That’s what we have to do.  And I’m confident that the Democrats and Republicans in Congress can find a way to give some ground, make some hard choices, and put their shoulders to wheel to get this done for the sake of our country.

On Monday, we celebrate Independence Day, the day we declared a new nation, based on revolutionary idea: that people ought to determine their own destiny; that freedom and self-governance weren’t gifts handed to us by kings or emperors, but the rights of every human being.

Yeah.  Some of us [hint hint] believe that ore than others do.  I suspect you are very much in favor of removing self-governance wherever you can.

We’ve learned in the years since that democracy isn’t always pretty.  We have arguments.  We disagree.  But time and again we’ve proven that we could come together to solve problems.  We remember that while we may not see eye-to-eye on everything, we share a love for this country and a faith in its future.  That’s the spirit we need to harness now.  That’s how we’ll meet this challenge and reach a brighter day.  Thanks for listening, and have a wonderful fourth of July.

You don’t have to thank me for listening.  What would be refreshing is if YOU would listen.

Minnesota: A Foretaste Of The Feast To Come

Minnesota is closed.

As of 12:01 AM July 1, the state has shut down.  A disagreement over how to balance the budget between the Democrat governor and the Republican Senate has caused a stalemate.  Without a budget, the state government officially closed Friday morning.  State parks, rest areas, road construction and other services were shuttered.

State employees were sent home.

The battle just got real for a whole bunch of people; a WHOLE bunch.

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We Need To Increase Revenue

That’s the call from the Left.  In order to balance the budget, or begin to balance the budget, we’re gonna have to at least consider raising revenues.

I’m beginning to resonate more and more with this, so, for this sake, I’ll stipulate.

We need to raise revenues.

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The Debt Ceiling, The Budget and The Deficit

In April I spoke about taxing the rich.  Basically, you can’t tax ’em enough.

But for fun, let’s try; the highlights:

  • The deficit is $1.5 trillion.
  • People making more than $200,000 a year paid $5.3 billion.
  • Back out those taxes and the deficit is about $2 trillion.
  • People making more than $200,000 a year made, in total, $2.4 trillion.

If you tax the people making more than $200,000 a year at a rate of 100%, you cover the deficit and have $400 billion left over.

You would have to tax every single dime those people made.

At what point would taxing the rich reach the point at which the Leftist would be willing to cut Social Security?  Medicaid?  Medicare?  Unemployment?

If it were me, I’d compromise.  I’d offer $1 in tax raises for each $10 in spending cuts.

“Raise taxes on airplanes?”  Fair enough, cut spending 10 times that much.

Just A Thought

If President Bill Clinton with a Republican House is credited with balancing the budget why isn’t President Obama with a Republican House being credited with NOT balancing the budget?

Or, the other way:

If the 2011 House is being credited with preventing fiscal responsible legislation, why isn’t the House in the 90’s credited with the passing of the fiscal legislation?

Weird.

 

Expect More Liberal Hand Wringing

Get ready for the gnashing of teeth, the tearing of clothes.  Massive amounts of money are going to be spent in the coming months by an organization not friendly to Barack Obama.

I anticipate much in the way of complaining that corporate interests are polluting the campaign process, that big money is drowning out the little guy.

All that, I expect it all.

Cause here comes CrossroadsGPS with a massive $20 million ad campaign:

WASHINGTON – Today, Crossroads Grassroots Policy Strategies (Crossroads GPS) announced a new $20 million issue advocacy initiative over the next two months to frame the national debate on jobs, the economy and the national debt in anticipation of congressional action on these issues.

In the first phase of the initiative, on Monday Crossroads GPS will launch a new national TV ad, “Shovel Ready,” which details the Obama Administration’s failure to improve the economy with its $830 billion stimulus legislation and other policies.

The spot’s $5 million television buy covers national cable news channels as well as local network affiliates in key states, including Colorado, Florida, Iowa, Missouri, Montana, Nebraska, North Carolina, New Mexico, Nevada, and Virginia.

The ad can be seen right here:

Awesome work.

30 seconds.

Crisp.

Brutal – I capital “L” love using NBC!

But they have more:

A beautiful attack on unions and union leadership.

Finally, top it off with:

Obama’s Speech: What He Did Say – June 22, 2011

Well, I missed a few.  Then again, my idea was to talk about the things he should say, not the things he would say.  However, with that said, I know I would’ve missed the two ol’ standbys.

  1. It’s actually a tie for first, so I’ll go with the oldest first.  Blame Bush.  Jeepers.
  2. I

Other than that let’s run through it:

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Obama’s Speech: What He Should Say – June 22, 2011

Tonight President Obama is going to deliver his vision on the war in Afghanistan.  There is pressure here due to the fact that we are facing a massive deficit AND we have killed Bin Laden.  Some feel that we have achieved the mission.

Obama is going to have to deliver this message during the Republican Primary battle.  What he says tonight not only will shape America’s involvement in Afghanistan, not only will hint at Obama’s thoughts on our other wars but will define the Republican’s campaigns for their nomination.  In short, it will have the result of drawing the battle lines the Republicans will employ against Obama’s policy.

So, what should Obama say?

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Weekly Presidential Address: June 18, 2011

This week Obama focused on the obvious subject; Dads and Father’s Day.  It’s a good listen and well worth the 4+ minutes.

Listening to the President I’m reminded that the Left doesn’t have bad goals, in fact, the message that they preach is often one of noble and admirable qualities.  A message that IS jarringly absent in some of the circles and conversations we involve ourselves in day to day.  With that said, I certainly disagree on how we get to that place we wanna be.  But it’s hard not to agree on that destination.

Happy Father’s Day President!