79 years later and only the characters have changed. And from the Chicago Tribune
This is interesting background: http://www.flickr.com/photos/53074154@N00/5740393674/
Posted by Dana Pico on 2012/09/04
He has achieved his goal early! The national debt stood at
as of the end of Friday, August 31, 2012.
Taking the averages, I had projected that the national debt would cross the $16 trillion threshold on Thursday, when Barack Obama was delivering his acceptance speech to the Democrite National Convention, but the President exceeded my expectations, and got it done early.
Posted by John Hitchcock on 2011/09/30
I previously reported on the voting public’s positions on various issues and their stance opposing Democrat positions. A plurality (44 percent) are fiscal Conservatives while a small minority (11 percent) are fiscal Liberals. 2/3 want the border controlled before dealing with any other possible illegal immigrant solutions. The numbers regarding educating illegal immigrants gets more glaring, with 4 out of 5 saying they don’t want illegal immigrants to get in-state tuition rates. Over 7 in 10 Hispanic voters in “battleground” states approve of Voter ID. The majority of voters favor repealing ObamaCare, 20 points above those who don’t want it repealed. All of these issues have the Democrat party on the wrong side of the voting public.
But there’s more, as the late-night infomercials say. The next batch of polling numbers are again opposing Democrat party positions.
The latest Rasmussen Reports national telephone survey of American Adults shows that 60% favor the death penalty, while 28% oppose it. Another 12% are undecided. (To see survey question wording, click here.)
This is little changed from surveys dating back to November 2009, with support for capital punishment running from 61% to 63%.
Over 2/3 of men and a majority of women support the Death Penalty. Over 3/4 of Republicans and 6 in 10 independents support the Death Penalty. And the Democrat base is evenly divided on the issue. While a bare majority of blacks oppose the Death Penalty, a clear majority of Whites and non-black minorities support the Death Penalty. So as an issue, the Democrat party leadership is on the wrong side.
Most voters favor a Balanced Budget Amendment, something the Democrat party and many Ruling Class Republicans oppose.
The latest Rasmussen Reports national telephone survey of Likely Voters shows that 56% are in favor of a balanced budget amendment while 22% are opposed and another 22% are undecided.
Most Republicans (68%) and voters not affiliated with either party (54%) support a balanced budget amendment. So do a plurality of Democrats (46%).
The vast majority of voters support term limits for Congress, something the Ruling Class of both parties opposes.
The latest Rasmussen Reports national telephone survey finds that 71% of Likely U.S. Voters favor establishing term limits for all members of Congress. Just 14% oppose setting such limits, and 15% are undecided about them.
The majority of voters are “just not that into” giving government subsidies for alternative energy.
Fifty-seven percent (57%) of Likely U.S. Voters think free market competition is more likely than government subsidies and regulation to help the United States develop alternative sources of energy. A new Rasmussen Reports national telephone survey finds that just 27% believe government subsidies and regulations are the better way to go. Sixteen percent (16%) are not sure.
But then 71% of voters say private sector companies and investors are better than government officials when it comes to determining the long-term benefits and potential of new technologies. Sixty-four percent (64%) think it’s likely that if a private company which cannot find investors gets funding from the government, that money will be wasted.
If private investors aren’t willing to put money into a company, only 17% of voters think the federal government should provide loan guarantees or loans to help keep such a company in business. Fifty-nine percent (59%) say the government should not provide money for an alternative energy company after private investors refuse to invest in it. Twenty-three percent (23%) are not sure.
More voters say being “pro-gun” is good and “union supported” is bad than say the reverse. 6 in 10 Americans believe if the Government raises taxes to reduce the deficit, it will only cause more Government spending (which means the public isn’t buying the Democrat party’s “the Republicans don’t want to raise taxes so they’re not serious about the debt” false dichotomy fallacy), while the majority believe if the Government agrees to cut spending, no spending will actually be cut (which means the public knows the Government’s history).
On practically every issue, the Democrat party stands in opposition to the will of the public. On practically every issue, the Democrat party stands in opposition to the will of independent voters. Is it any wonder a Democrat poll showed Democrats in a worse position in 60 Republican-held “battleground” districts now than in 2010, when Democrats were swept out of office? Is it any wonder Democrats are losing the independent vote?
Posted in Conservative, economics, Elections, Health Care, Liberal, Obama, Personal Responsibility, Philosophy, politically correct, Politically Incorrect, politics, society, term limits | Tagged: alternative energy, Balanced Budget Amendment, capital punishment, deficit spending, Democrat leadership, gun control, Illegal Immigration, polls, Unions | 3 Comments »
Posted by John Hitchcock on 2011/08/06
The government cannot tax away the deficit spending. It’s an impossibility.
From RushLimbaugh.com (note the express written permission at the bottom):
There Aren’t Enough “Rich” to Tax
August 05, 2011
RUSH: We’re into statistics today and the unemployment statistics are just fascinating in the way that we’re being spun. It’s as bad as the way we were spun on this debt deal, and the more you look at this debt deal, what a disaster that is.
I’m gonna explain why as the program unfolds. This is from the UK Daily Mail. You’re not gonna see this in the American media. Speaking of the American media, remember all of those years, the Bush years, the media apparatchiks on TV were trying to talk down the economy and trying to talk down the market. They did everything they could to talk down the economy. Why, it was almost as though they wanted Bush to fail. Shazam, it was almost as though they wanted Bush to fail. You remember.
For four years running at 4.7% unemployment, at 5% unemployment, at 5.6% unemployment, they were proclaiming we were either on the verge of a recession or were in one. They were out trying to find the worst sob stories. Now they’re doing everything they can to talk it up. Do they really think we’re such fools that we don’t see this? When unemployment started spiraling upward, what did we get from ’em? We got stories on how wonderful that is. Families are finding one another again, friends have social time, the stress and strain of working is no longer a part of anybody’s day. It really is a new perspective on life. All the wonderful aspects of not having a job, all the great things you could do if you didn’t have any work you had to do. “Funemployment,” they called it. And now they’re doing everything they can, they’re just incapable of telling us the truth, totally incapable.
The question here is who will tank first? Right now it looks like we’re in a race to see whether the country or Obama will tank first. It looks like it’s running neck and neck here. And the trick here is to make Obama tank first. Now, this UK Daily Mail story that you will not see in the US media. “Soak the rich, eh? They do not have the money. A report from the Internal Revenue Service found that the rich –” and the rich are defined this way: 8,274 people with incomes of $10 million per year or more. What do you think those 8,274 people earned combined in 2009? Snerdley, take a wild guess. All of you out there, take a wild guess in your mind. I’m not asking you to call and I’m gonna tell you what the number is here in just a second. But just think about this, 8,274 people with incomes of $10 million per year or more.
Now, you got Buffett in there and Gates at their $40 to 50 billion, but that’s their net worth. What do they earn? It’s a different number. But you take all of those people, just give me a number, what do you think, 8,274 people with incomes of $10 million per year or more, what was the combined total income earned of all those 8,274 people in 2009? One trillion, $250 billion. That’s what you say, Brian? Snerdley says a trillion. The answer is $240 billion. Brian, you were $10 billion off. That’s it. That’s right. That’s it. The 8,274 people with incomes of $10 million per year or more earned a total of $240 billion in 2009.
“Even of you confiscated every dime they earned, you would barely have enough money to cover government spending for 24 days.” In fact, this $240 billion, I mean that’s pretty close to the actual real number of budget cuts in the debt deal when you strip everything away. Now, about 25% of that money already goes to the federal government for federal income. So actually that $240 billion would run the government for 18 days.
“Another 227,000 people earned $1 million or more in 2009. Millionaires averaged taxes of 24.4% of their income — up from 23.1% in 2008.” Now, you might be asking, how did that happen? Well, the Bush tax cuts, folks. Obama’s tax increases hadn’t started, and Obama’s not immaculated yet. “They, too, did not earn enough money to come anywhere close to covering the annual deficits that are $1.5 trillion a year.” So 8,274 people who earn $10 million per year or more, earn a total of $240 billion in 2009. Another 227,000 people earned a million dollars or more in 2009. But it doesn’t come anywhere close to covering the deficit of $1.5 trillion.
“Barack Obama was the first president to sign a budget with a $1 trillion deficit into law.
In fact, all the taxpayers — including the ones who get a refund check bigger than the withholding taxes they paid — have the money.” The point of this is next time you hear Obama or a Democrat say we’ve got to raise taxes on the rich, it’s not about getting revenue to run the government because they don’t have the money. Now, I’ve been doing this show for 23 years, and I have been employing this data, whatever the accurate data was for the year I was disclosing it, it hasn’t changed in terms of percentages. Confiscate every dollar earned by people who make $10 million a year or more and you run the country for barely over two weeks. That has not changed since I first heard of this statistic 23, 25 years ago. It hasn’t changed. As it is, these people are already paying 70% of the total income tax burden! So there’s no economic growth hidden away here in a tax increase on these people.
How does taking money out of the private sector grow it? And that’s what tax increases do. How in the world does taking money out of the private sector cause it to grow? Mathematically impossible, folks. From Reuters: “Total adjusted gross income reported on tax returns, measured in 2009 dollars, was $7.626 trillion, down from $8.233 trillion in 2008 and $8.989 trillion in 2007. Total adjusted gross income was up only slightly from the $7.475 trillion reported in 2001, when there were 10 million fewer taxpayers.”
Individual tax collections equaled 15.4% of all income. “Doubling federal income taxes for everyone would still leave us $400 billion or so shy of balancing the budget.” That’s the bottom line. Doubling federal income taxes for everybody would raise $1.1 trillion, $400 billion shy of the deficit. I know these numbers are hard to follow, but all this is gonna be on RushLimbaugh.com later today, and I suggest you go there, print it out, or e-mail it, make electronic copies, PDF, whatever you want, and spread this around. This needs to be seen by many people. It’s not going to be in the US media.
If the Federal Government doubled everyone’s taxes, that would only be enough to cover roughly three quarters of the Obama/Democrat Deficit Spending. We would still have a 400-billion-dollar-a-year deficit, a historically high figure. And that’s considering a static economic environment. That’s not taking into account the heavy inflation, unemployment, business closings, personal bankruptcies, etc, etc that such a massive tax hike would cause. This is Cloward-Piven stuff, folks. Cloward-Piven.
Even in a static environment where doubling income tax rates would double income tax revenue, the Federal Government would have to actually cut 400 billion dollars from its annual budget. In Washington, DC and in the Democrats’, lamestream media’s, Ruling Class Republicans’ language of “reducing the increase in expenditures equals a cut” where a 400 billion dollar “cut” over 10 years is draconian, “kill your momma and your kiddies” extremism, how is the Fed ever expected to make an actual 400 billion dollar real cut for a single year?
And we need real, actual cuts of at least 1,200 billion dollars a year, and not just reductions in the rate of growth. 2012 is critical, folks. Getting rid of Obama and 6 Democrat Senators is not enough to save this country. We need to throw the Democrats and the RCRs out, and replace them with true Constitutional Conservative men and women. And we need to hold their feet to the fire.
No more “Centrist” Republicans. Our nation cannot afford them. All the “Centrist” Republicans will do is pilot the Ship of State to the scene of the crash a bit more slowly. And the TEA Party is here for a time such as this — that’s why Democrats, lamestream media, RCRs fear and hate and malign the TEA Party.
Posted in Conservative, Constitution, economics, Elections, Liberal, media, Obama, Over-regulation, Palin, Personal Responsibility, Philosophy, politically correct, Politically Incorrect, politics, society, Tax, TEA Party, truth | Tagged: deficit spending, Democrat demagoguery, lamestream media, Ruling Class Republican, Rush Limbaugh, tax the rich | Comments Off on Taxes Cannot Erase Deficit
Posted by John Hitchcock on 2011/07/30
It’s to be expected from this White House. The Obama Administration couldn’t tell the truth if their lives depended on it.
Here’s a glimpse:
This graphical mis-truth has another major flaw. While showing 8 years of “domestic and defense spending” for President Bush, the White House propaganda bar shows no spending whatsoever for the Obama administration.
Lastly, the farm bill was passed in 2008 by a Democrat congress over George Bush’s VETO. That spending should fall on Pelosi and Reid, not Bush. The farm bill was $300 billion so almost that entire part of the chart does not belong to Bush.
Integrity is a thing of the past as far as the Democrat leadership is concerned. They don’t need no stinkin’ integrity!
Posted in economics, Elections, George Bush, Liberal, media, Obama, Personal Responsibility, Philosophy, politically correct, politics, society, Tax, truth | Tagged: Barack Obama, deficit spending, Democrat demagoguery, Democrat leadership, Federal Budget, White House lies | 2 Comments »
Posted by John Hitchcock on 2011/07/27
Jim Hoft says:
Thanks Barack… Obama’s Record Deficits & Debt Will Likely Cause a Downgrade in the US Credit Rating
and provides this very telling chart:
Note the first year of the George W Bush Presidency, there was an accounting surplus. That was the year of 9-11, when Islamic terrorists did great economic damage to the US. The final 2 years of the GWB Presidency, Democrats held the majority in both Houses of Congress, but the 2007 Budget was written by the 2006 Republican Congress while the 2008 Budget was written by the 2007 Democrat Congress (and later modified by the 2008 Democrat Congress). Also note that it has been over 800 days since the last Budget that came out of the Harry Reid-run US Senate, and Harry Reid (D – NV) has declared he is not interested in putting forth a Budget.
Sarah Palin says it’s the spending, stupid (video format not supported by WordPress).
“ObamaDrama”, Obama’s fear-mongering, negotiating with Obama is negotiating with Jell-O.
On a related note, if you want the Fiscal Conservative base in your camp, it is a good idea to get a Sarah Palin endorsement. Hot Air commenter “unseen,” who often brings in relevant quotes to the comment sections, does so in spades in this regard.
U.S. Sen. Kay Bailey Hutchinson would beat incumbent Republican Rick Perry “in a landslide” if a primary for governor of Texas were held today, according to a North Carolina polling firm.
Public Policy Polling currently has Hutchinson at 56 percent, and Perry at 31 percent.
Read the polling memo here. Says PPP:
That 27% of likely Republican voters who have a dim view of Perry is obviously part of his problem. Those voters support Hutchison 85-8.
But they’re not necessarily the biggest thing that could keep him from nomination for another term. That’s because 47% of those surveyed have a positive opinion of both Hutchison and Perry, but within that group the Senator leads 49-33. When you have higher negatives than your opponent and lose out among your mutual admirers, that’s a recipe for defeat.
Hutchison leads Perry within every demographic group by race, gender, and age.
“Rick Perry is in grave danger of losing in the primary,” said Dean Debnam, President of Public Policy Polling. “It’s partly because he’s worn out his welcome with a certain segment of the Republican electorate, but the even bigger reason is that Kay Bailey Hutchison is just a lot more popular than him. It would be hard for anyone to beat her in an election.”
Kay Bailey Hutchison garnered the George H W Bush endorsement.
Rick Perry garnered the Sarah Palin endorsement.
GHWB was not and is not a Reagan Republican, but he did ride Reagan’s legacy into the White House (and promptly lost it by divorcing himself from Reagan’s fiscal conservatism).
Sarah Palin is a Reagan Republican.
Barbara Bush, blue-blood that she is, said Sarah Palin should stay in Alaska.
While correlation is not necessarily causation, Perry (who was a well-known “Austerity Democrat” in the Texas Legislature during his early years) was trailing Hutchison badly before Palin weighed in. And Perry won that “divisive” Primary and went on to win re-election.
Posted in Character, Conservative, economics, Elections, George Bush, history, Liberal, media, Obama, Palin, Philosophy, politically correct, Politically Incorrect, politics, society, Tax, TEA Party | Tagged: Barack Obama, Barbara Bush, deficit spending, Fiscal Conservative, George Bush, George H W Bush, Rick Perry, Sarah Palin | Comments Off on It’s The Spending, Stupid
Posted by John Hitchcock on 2011/07/21
Senator Tom Harkin, Democrat, Iowa, uses demagoguery, falsehoods, smears, defamation of character, false alternative fallacy, and all manner of other foul attacks for political gain. Real Clear Politics has the video. (HT Hot Air headlines)
Tom Harkin’s deceitful false alternative fallacy: Refusal to raise the debt ceiling means willingness to let the US default on its debts.
The truth: If the US debt ceiling is not raised, a couple hundred billion dollars a month will continue to roll in to the Federal coffers; more than enough to pay the interest on the debt, Social Security checks, military payroll and more. If the country defaults, the Obama Administration would be directly responsible as it would be the Obama Administration which refused to properly prioritize expenditures. The Republicans who refused to raise the debt ceiling would be blameless for a US default.
Tom Harkin’s flat-out lie: The Republican President, Republican House, Republican Senate of the previous 8 years is responsible for most of the debt.
Truth 1: The Democrats held the House of Representatives for the final 2 of George W Bush’s 8 years while the Democrats held the Senate for the first and last 2 of George W Bush’s 8 years, thus the Republicans only held all three for 4 of George W Bush’s 8 years while the Democrats held both Houses of Congress for the final two and one House of Congress for the first two.
Truth 2: During George W Bush’s 8 years in office, the total debt climbed less than 6 trillion dollars. Since the current debt is over 14 trillion dollars, George W Bush did not preside over “most of the debt”. During the four years the Republicans held both Houses of Congress and the Presidency, the total debt climbed 2.2 trillion dollars. That means the debt climbed faster the four years Democrats held a portion or all of Congress than the four years Republicans held all of Congress.
Truth 3: The deficit has never been as great as it was under the Democrat Obama-Reid-Pelosi Administration. The new Republican House of Representatives passed a Budget that would cut the deficit but the Democrat Reid Senate has refused to pass a Budget for over 800 days, despite federal Law mandating one. And Democrat President Obama sent a “Budget” which was so unserious, so deficit-rich that the Democrat-controlled Senate voted it down 97-0.
Chart source: Stephen Bloch
The deficit spending more than doubled when the Democrats took over Congress and nearly doubled again as Obama took over the Presidency, so for Tom Harkin (Democrat, Iowa) to make his claims, he had to lie through his teeth. And the only people who will believe his spewage are those who are ignorant of the facts or those who are fanatically invested in his agenda.
Budgets are generally finalized in the calendar year prior to the fiscal year for which they are written, but not always. For example, the Democrat Congress refused to write a Budget for FY2009 until Democrat Obama took his seat as President, and then pumped up the (deficit) volume.
Hey, Tom Harkin. Who is the more “cult fringe,” to use your term? Those who believe your lies or those who have the facts? I’d suggest to you that you learn to speak the Truth before you Dishonor yourself further, but you won’t listen anyway. After all, you have the game of politics to win. To heck with the little people.
Posted in Character, Conservative, economics, education, Elections, history, Liberal, media, Obama, Personal Responsibility, Philosophy, politically correct, Politically Incorrect, politics, society, stereotype, Tax, TEA Party, truth | Tagged: Barack Obama, deficit spending, Democrat Congress, Democrat demagoguery, Democrat leadership, George W Bush, Harry Reid, logic fallacy, Nancy Pelosi, Republican Congress, Tom Harkin | Comments Off on Tom Harkin, Demagogue