Truth Before Dishonor

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Archive for September 12th, 2011

His lips were moving

Posted by Dana Pico on 2011/09/12

Remember when President Barack Hussein Obama stood up in front of a joint session of Congress and the American people, to propose his American Jobs Act of 2011? Do you remember when the President told us that the proposed bill wouldn’t add anything to the deficit, but it would be paid for?

The American Jobs Act will not add to the deficit. It will be paid for. And here’s how.

The agreement we passed in July will cut government spending by about $1 trillion over the next 10 years. It also charges this Congress to come up with an additional $1.5 trillion in savings by Christmas. Tonight, I am asking you to increase that amount so that it covers the full cost of the American Jobs Act. And a week from Monday, I’ll be releasing a more ambitious deficit plan — a plan that will not only cover the cost of this jobs bill, but stabilize our debt in the long run.

This approach is basically the one I’ve been advocating for months. In addition to the trillion dollars of spending cuts I’ve already signed into law, it’s a balanced plan that would reduce the deficit by making additional spending cuts, by making modest adjustments to health care programs like Medicare and Medicaid, and by reforming our tax code in a way that asks the wealthiest Americans and biggest corporations to pay their fair share. What’s more, the spending cuts wouldn’t happen so abruptly that they’d be a drag on our economy, or prevent us from helping small businesses and middle-class families get back on their feet right away.

But, when the President’s plan came out, guess what: it was all tax increases!

White House Outlines $467 Billion In Savings To Pay For Jobs Act

Obama Jobs Bill WASHINGTON — The Obama administration announced on Monday a series of tax policy changes that officials say will pay for the costs of the president’s job creation plan.

The provisions, announced by Office of Management and Budget Chair Jack Lew, would raise a projected $467 billion over the course of 10 years. The American Jobs Act, as outlined by the president last week, will cost an estimated $447 billion.

The president is set to offer those pay-fors as part of a larger package of debt and deficit reduction measures that he will present to the congressional committee tasked with finding $1.5 trillion in savings. Whether the committee incorporates those measures is up to them, Lew said. If they choose not to, however, the administration said it would welcome Congress as a whole taking up the proposal.

The provisions the White House is offering as an offset are largely rehashes of tax policy changes that the president has pushed before. The primary piece would be to limit itemized deductions for individuals making over $200,000-a-year and families making over $250,000 — which Lew said would raise $400 billion over 10 years. Another pay-for would be to treat carried interest as ordinary income rather than capital gains, which Lew said would raise $18 billion. The White House is also calling for the end of tax subsidies for certain oil and gas companies, which the administration believes would raise $40 billion, and the axing of a tax break for corporate jet owners, which it believes could save $3 billion.

Much more at the link. But this much certainly tells you one thing: no matter what President Obama says he’s going to do, he is lying to you!

The President told us that he would propose even deeper spending reductions than what were agreed to during the debt ceiling increase negotiations, letting us know that the American Jobs Act would be paid for, in part, by additional spending cuts. He was honest in saying, as he has all along, that the top producers in this country should pay more — their “fair share,” he keeps calling it, even though the wealthiest taxpayers already pay a far greater share of federal income taxes (nearly twice as much) than their share of income¹ — but what he has proposed is to pay for the American Jobs Act through tax increases alone.

So, the President lied to us, again. I wish I could say that I’m surprised, but no, I’m not. After all, his lips were moving! It was a magnificent speech, starting out strong, and raising crescendo to an outright black Southern Baptist preacher stem winder by the time he was done, but it was still nothing but a lie.

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¹ – The top 1% of income earners, as quantified by Adjusted Gross Income, earned 20.00% of AGI in 2008, but paid 38.02% of all federal income taxes. The top 5% (including the top 1%) earned 34.73% of total AGI, but paid well over half of all income taxes, at 58.72%. The top 10% earned 45.77% of total AGI, but paid 69.94% of total federal income taxes. Their “fair share” would be to pay less in taxes, not more. (Source)
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Cross posted on Common Sense Political Thought

Posted in Obama, Tax | 4 Comments »

More Bad Polling News For Barack Obama

Posted by John Hitchcock on 2011/09/12

A new PPP poll (that Legal Insurrection rightly discounts, due to its standard heavy over-sampling of Democrats in all its polls) spells trouble for Obama and the Democrats. In NY-9, Anthony Weiner’s old NYC district, the Republican Turner leads the Democrat Weprin by 6 points. This in a district that has registered Democrats leading registered Republicans 3 to 1.

Ed Morrissey has the internals and even more bad news for Democrats. The poll, which has a sampling of 59 percent Democrats and 25 percent Republicans, gives Obama a 31/56 approval rating, or 25 points underwater. That’s worse than the national average and in a heavily Democrat district.

But here’s the more troubling news for Democrats:

Either way, running in statistical dead heats with Rick Perry and Mitt Romney in NY-09 is a big sign of trouble for Obama. Even more so is the finding that a district with such a large Democratic advantage would slightly prefer a Republican Congress, 45/44, and have slightly more confidence in Congressional Republicans than Obama on leading America in the right direction, 44/42. Bear in mind that this same sample gave Congressional Republicans a 31/50 approval rating in the question directly preceding the questions about leadership and Congressional control.

PPP concludes that Obama has lost independents, and a significant number of Democrats as well — all of whom will vote with the GOP tomorrow[.]

So NY-9 voters, a heavily Democrat district, disapprove of Obama at higher rates than the national average, disapprove of Congressional Republicans but prefer a Republican Congress over a Democrat Congress and believe the Republican Congress is more likely to lead the US in the right direction than Obama. And apparently, some Democrats in leadership are starting to wake up to the fact Obama will be a drag on the Democrat ticket in November, 2012, but so far they haven’t awakened to the actual reason why. And the longer they refuse to face the actual cause of their downfall, the better it will be for every man, woman, and child in the US as more of them will be voted out in favor of Constitutional Conservatives.

Posted in economics, Elections, Liberal, media, Obama, Philosophy, politics, society | Tagged: , , , | 2 Comments »

Maligning Rick Perry

Posted by John Hitchcock on 2011/09/12

Can we please agree to leave that in the capable hands of the Democrats and mainstream media (which are one and the same)? Let’s have our differences of opinion and let’s base those differences of opinion on facts about our various candidates’ positions and records. But let’s cut out the trash talk and leave that to the Leftists and mainstream media (which are one and the same).

I am not a Rick Perry supporter. I am a Sarah Palin supporter. And since Truth Before Dishonor is mine, Truth Before Dishonor has already endorsed Sarah Palin for President. But Dana Pico, an author here, has endorsed Rick Perry on this very site. And I very clearly said then that I don’t need the trashing of Rick Perry or their supporters in that thread. I gave my opinion on things I don’t like but also gave my opinion on things I do like about my third choice. And I based it on historical record.

Over at Hot Air, yesterday’s Quotes of the Day article was about Rick Perry’s truthful statement that Social Security is a Ponzi Scheme and the fact he won’t back down from that truthful statement. But like all long comment threads, it devolved into something else. And I want to get past the lamest of circular firing squad malignings and get to the phony math that one commenter in particular used in his poorly thought out maligning of Governor Perry’s record.

As of 8/31/01 (the end of the 2001 fiscal year, the last for which George W. Bush exercised budgetary authority), outstanding debt of the State of Texas totaled $12.561 billion.

Below is a summary of outstanding debt at the end of each fiscal year under Perry’s authority.

2002: $14.824 billion (18% increase year-over-year)
2003: $15.973 billion (8% increase)
2004: $17.555 billion (10% increase)
2005: $19.377 billion (10% increase)
2006: $21.011 billion (8% increase)
2007: $24.244 billion (15% increase)
2008: $27.996 billion (15% increase)
2009: $31.780 billion (14% increase)
2010: $35.692 billion (12% increase)

2001 – 2010
Debt growth: 184.2% (12.3% per year)
Inflation: 18.7% (1.9% per year)
Population growth: 18.2% (1.9% per year)
Debt growth in excess of inflation and population growth: 147.3% (10.6% per year)

The effect of the 2001 amendment allowing the DOT to issue debt was seen in the 18% increase in the State’s debt between 2001 and 2002. However, DOT debt hardly accounts for the 184.2% total increase in the State’s debt during Perry’s governorship.

steebo77 on September 12, 2011 at 2:22 AM
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Texas expenditures, 2001: $38.834 billion
Texas expenditures, 2010: $80.181 billion

Increase in expenditures, 2001-2010: 106.5% (8.4% per year)
Inflation, 2001-2010: 18.7% (1.9% per year)
Population growth, 2001-2010: 18.2% (1.9% per year)
Increase in expenditures in excess of inflation and population growth: 69.6% (6.0% per year)

steebo77 on September 12, 2011 at 2:30 AM

Let’s start with some basic math, shall we? A percentage increase in anything over 10 years does not break down into 1/10th of the percentage increase per year. The basic Law of Compounding covers that, so all the “per year” bits are very much wrong. Next up, some basic algebra. You cannot add unlike items. 2a + 3b =! 5ab. Growth in “inflation” plus growth in “people” does not equal growth in “inflation people”. Again, dealing with that math problem, the Law of Compounding comes into play. Growth in inflation plus growth in people plus growth in inflation with the people growth will come closer to the truth.

Now for some “inflation” talk. Back when Carter (the worst President since the 1940s until Obama surpassed him and became the worst President ever) was President, food and energy were part of the metric in determining inflation. Since then, those two items — which increase in cost much faster than the rate of inflation — were removed from the official inflation rate, thereby artifically lowering the actual inflation rate. That right there puts a hammerlock on Budget v Inflation. But let’s continue. Healthcare expenses always increase faster than inflation. And State Budgets must account for Medicaid (which is a healthcare expense that always increases faster than inflation), a Federally mandated State expense. Education expenses increase much faster than inflation. And State Budgets must account for education expenses. And States use energy, which increases faster than inflation. All of these points, compounded by population growth, illegal immigrant population growth, the Law of Compounding, drive a rather large hole in Budget v Inflation.

Now, Steebo77 likely bungled his way into his failed-math maligning of Rick Perry, but that would make him an unwilling failed-math willing maligner. I have said before, and I continue to believe, Rick Perry is a Big State Government Bell Curve Tenther, but I will not use multiple-stage bad math in an attempt to destroy Rick Perry, a man who would do a lot to help the US recover from the Socialism of today’s Democrat Party machine and Ruling Class, Inside-The-Beltway Republicans.

Posted in Character, Conservative, economics, Elections, media, Philosophy, politics, society, TEA Party | Tagged: , , , , , | Comments Off on Maligning Rick Perry

“Where Is Your Plan?”

Posted by John Hitchcock on 2011/09/12

That is a lie in the form of a question the radical Left use constantly, and have been using constantly for years. Libertarians have formulated plans to rescue the nation’s economy. Conservatives have formulated plans to rescue the US economy. Those plans have been put out for public examination. Many of them have been available for examination for years. But the radical Left demand that Libertarians and Conservatives have no plan, just a raaaaacist hatred for “the black President.”

As “anecdotal” evidence of the radical Leftist mantra in action, I give you one Perry Hood, who regularly chants that mantra at Conservatives on Common Sense Political Thought. Delaware Libertarian found it necessary to write an entire article solely devoted to pointing out Perry Hood’s dishonorable lying chant.

So not only has an alternative been offered here, Perry, you went on record as agreeing with substantial parts of it–even though you seem to have … forgotten that part.

You have offered engaging insights and shown the willingness to admit that part of President Obama’s plan is a massive gamble with our future.

And you’re certainly free to disagree with anything we offer.

But please, stop suggesting that libertarians here have not been discussing solutions…

That article was written in March, 2009 so Delaware Libertarian was already tired of Perry Hood’s radical Leftist, wholly dishonest chant of “where’s your plan” way back in early 2009, right after Barack Obama was sworn in. People were tired of the lying accusation that the opposition had no plan years ago because there were plans years ago which were readily available for discussion, but Perry Hood soldiers on with his radical Leftist, dishonorable chant even to this day. Because he is incapable of allowing himself to be drawn in to discussing the various Conservative and Libertarian plans that are readily available for discussion.

Sarah Palin has a plan. Paul Ryan has a plan. Michele Bachmann (that’s one “l” and two “n”s, people) has a plan. Rick Perry has a plan. Tea Party Express has a plan. Tea Party Patriots has a plan. Contract From America has a plan. Freedom Works has a plan. Americans for Prosperity has a plan. Conservatives have plans. Libertarians have plans. Republicans have plans. There are many plans on the Conservative and Libertarian sides. There have been plans since before Obama became President. And they have been available for public discussion from the get-go. So radical Leftists like Perry Hood have to lyingly claim we have no plan in their wholly dishonorable, age-old, and worn-out chant “where’s your plan” in order to not have to discuss the plans they are dishonestly avoiding discussing.

Aside from all that, I have a question to ask the dishonorable radical Leftists like Perry Hood: Where’s your Budget? The radical Leftist Nancy Pelosi refused to even attempt a Budget from April, 2009 until the day the American people overwhelmingly threw her and the Democrats out of power in the House in the 2010 TEAnami. Despite Federal Law requiring they provide a Budget and the US Constitution giving them the responsibility of providing a Budget. To this day, Harry Reid has steadfastly refused to even attempt a Budget, again despite Federal Law requiring such and the US Constitution giving him and his fellow Democrat Senators the responsibility for such. It has been over 850 days. Where’s your Budget?

Posted in Character, Conservative, Constitution, economics, Elections, history, Law, Liberal, Obama, Personal Responsibility, politics, society, TEA Party, truth | Tagged: , , , , , , , , | 3 Comments »

 
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