Tag Archives: Budget Deficit

News

Republicans block Democrats’ attempt to raise taxes on job creators

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From Fox News.

Excerpt:

Senate Republicans on Saturday voted against President Obama’s plan to extend the Bush tax cuts to only the middle class in a pair of votes Democrats are seizing to paint the GOP as guardians of the rich.

The Senate voted 53-36 to extend all expiring tax cuts on individuals with incomes of less than $200,000 a year and married couples making less than $250,000 — seven shy of the required 60 to advance.

Now keep in mind that “the rich” are the very people who own the small businesses that create most of the jobs. That is why constant slamming of the rich with taxes and health care mandates has raised the unemployment rate to 9.8% and kept it above 9% for 19 months – a record never before seen in the history of the country. When Obama says “the wealthiest 2%”, you need to hear “9.8% unemployment”. The wealthy are the ones who create the jobs. Bash the wealthy, and you get fewer jobs.

Obama says:

President Obama said he was “very disappointed” in the Senate’s verdict.

“Those provisions should have passed,” he said.”It makes no sense to to hold tax cuts for the middle class hostage to permanent tax cuts for the wealthiest 2 percent of Americans especially when those high-income tax cuts would cost an additional $700 billion that we don’t have and would add to our deficit.”

“But with so much at stake, today’s votes cannot be the end of the discussion,” he said. “It’s absolutely essential to hardworking middle class families and to the economy to make sure their taxes don’t go up on Jan. 1.”

But the truth is:

Senate Minority Leader Mitch McConnell immediately slammed the political maneuvering by Democrats after the votes.

“According to the strange the logic of Democratic leaders in Congress, the best way to show middle class Americans that they care about creating jobs is to slam some of America’s top job creators with a massive tax hike,” he said on the Senate floor.

“Today’s vote was an affront to the millions of Americans who are struggling to find work and a clear signal that Democrats in Congress still haven’t got the message from the November elections,” he said.

Obama is anti-middle class because he is anti-small-business, and small businesses hire the middle class.

Democrats don’t understand how jobs are created

In fact, the unemployment rate has been steadily rising since the Democrats took control of the spending process by winning the House and Senate in January 2007. The left side of this graph begins when Nancy Pelosi and Harry Reid took control of the House and Senate in January 2007.

Democrats took control of the economy in 2007
Democrats took control of the economy in 2007

The chart doesn’t lie. When the Democrats control the budget, spending and unemployment rise a lot. When the Republicans controlled the House and Senate, the unemployment rate was 4.5%. These numbers do not lie. When they told you that more spending (the “recovery plan”) to their favored special interest groups will create private sector jobs, they lied. The numbers show that they lied.

People like Michele Bachmann actually OWN SMALL BUSINESSES and they HIRE AMERICAN WORKERS. People like Michele Bachmann should be in charge of the economy. Not people like Obama. Obama had a rich grandmother who paid for all his schooling at expensive private schools. He had his life handed to him on a silver platter. Michele Bachmann grew up poor.

Videos

What does “quantitative easing” really mean?

1 Comment

There are some mild curse words in this, but it is the awesome. (H/T ECM and Lex Communis)

The video has gone the viral. It has the 600,000 views as of the 10 PM.

“Of course not, they are the Goldman Sachs. They make their money ripping off the American people”. LOL!

UPDATE: 24 hours later, and close to a million page views.

Videos

Can Michele Bachmann give the mid-term voters what they want?

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Michele Bachmann

Well, this left-wing Washington Post article explains what the mid-term voters voted for when they elected so many Republicans. (H/T ECM)

Excerpt:

Americans’ agenda is simple. In broad terms, they want the government to spur job growth, but not by subsidizing more government jobs with taxpayer dollars. They want Washington to balance the budget and reverse the growing influence of government on daily life. They want the government to encourage success, allow failure, punish those who break the law – and then get out of the way. And above all, they want politicians to follow through on their promises, even if that means tempering those promises in the first place.

They also show clear support for the following five ideas:

  1. Balance the budget as quickly as possible through meaningful spending reductions, a hard spending cap and a constitutional amendment so that it never gets unbalanced again.
  2. Eliminate all earmarks until the budget is balanced, then require a two-thirds vote by Congress for future earmark legislation.
  3. Keep taxes down by requiring supermajorities for increases, and eventually enact tax reform with a simple, low, fair rate that drastically reduces the length of the IRS code.
  4. Create a blue-ribbon task force that engages in a complete, line-by-line forensic audit of federal agencies and programs to end waste and reduce red tape and bureaucracy.
  5. And require Congress to provide specific constitutional authorization for every bill it passes so that the government stays within the boundaries imagined by the founders.

One more thing: Voters want their representatives home in their districts and holding monthly town halls. The worst strategic mistake House Democrats made this year was canceling scores of public meetings, denying their constituents the chance to be heard. Hell hath no fury like a voter silenced, so the voters spoke in unison on Election Day.

I’ve found that each of these policies has at least 60 percent public support, so if you agree with most of them, it means you’re in the American mainstream. It also means that – wait for it – you agree with the tea party.

These points come directly from the tea-party-backed “Contract From America,” a document compiled from and voted on by the various tea party organizations and promoted by FreedomWorks, a conservative advocacy group. This governing agenda is supported not only by conservatives, but also by largely nonideological, anti-political voters in the middle.

Now let’s see what Michele has to say about it:

You can see a much sharper version of the video at Gateway Pundit.