Tag Archives: Comedy Network

Commentary

Are the Bush tax cuts to blame for Obama’s 1.6 trillion dollar deficits?

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Obama Budget Deficit 2011
Obama Budget Deficit 2011

From the Wall Street Journal, the raw numbers on the Bush tax cuts and the deficit. (H/T Paul Ryan)

Excerpt:

But what about the liberal claim, repeated constantly, that the Bush tax cuts of 2001 and 2003 caused today’s deficits? CBO has shown this to be demonstrably false. On May 12, the budget arm of Congress examined the changes in its baseline projections from 2001 through 2011. In 2001, it had predicted a surplus in 2011 of $889 billion. Instead, it expects a deficit of $1.4 trillion.

What explains that $2.29 trillion budget reversal? Well, the direct revenue loss from the combination of the 2001 and 2003 Bush tax cuts contributed roughly $216 billion, or only about 9.5% of the $2.29 trillion. And keep in mind that even this low figure is based on a static revenue model that assumes almost no gains from faster economic growth.

After the Bush investment tax cuts of 2003, tax revenues were $786 billion higher in 2007 ($2.568 trillion) than they were in 2003 ($1.782 trillion), the biggest four-year increase in U.S. history. So as flawed as it is, the current tax code with a top personal income tax rate of 35% is clearly capable of generating big revenue gains.

CBO’s data show that by far the biggest change in its deficit forecast is the spending bonanza, with outlays in 2011 that are $1.135 trillion higher than the budget office estimated a decade ago. One-third of that is higher interest payments on the national debt, notwithstanding record low interest rates. But $523 billion is due to domestic spending increases, including defense, education, Medicaid and the Obama stimulus. Mr. Bush’s Medicare drug plan accounts for $53 billion of this unanticipated spending in 2011.

The last GOP budget was in 2007, and the deficit was $160 billion, ONE TENTH of Obama’s budget deficit. And that was WITH the tax cuts. The cause of the current trillion dollar deficits is Barack Obama’s spending.

Remember what the unemployment rate was under Bush:

Comparison of unemployment rates - Bush vs Obama
Comparison of unemployment rates - Bush vs Obama

I think that looking at the budget deficit numbers and the unemployment numbers is a good way to judge how capable a President is. It gets away from the media spin, the gaffes, the jokes on those liberal Comedy Channel shows. Just look at the numbers, because we all have to care about jobs and spending. Politics is about our freedom, prosperity and security. Not about making us laugh or feel superior to others.

Videos

Are universities teaching students how to think critically?

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Unionized teachers view the public school system as a way to indoctrinate children in anti-Americanism, socialism, moral relativism, pacifism, postmodernism, feminism, promiscuity and a host of other doctrines of the secular left. Professors collect the money taken from working parents through compulsory taxation, and then refuse to do what is best for the children’s future careers. Instead of educating children to be logical, open-minded critical thinkers, public schools indoctrinate children with the views of the secular leftist teachers.

And you can see the results of this left-wing indoctrination process in the videos below. (H/T Tina)

Affirmative Action

Redistribution of Wealth

Keynesian deficit spending

Free speech and fair debate

The only good thing about this sad turn of events is that the high unemployment rate for youth will help them to learn the way the world really is quite rapidly, after their exit from the Never-Never-Land of public school. A new study shows that only 25% of teens will be able to find jobs this summer. Imagine their surprise when everything enacted by the Obama administration, which they overwhelmingly supported, is shown to have failed to create economic growth. Who knew? They will learn that capitalism and corporations are good, and that lower taxes and less regulation are essential to job creation.

Eventually, young people will eventually realize that they have been played for suckers by the secular leftist academics. They will start to think critically about the Jon Stewart show, the Stephen Colbert show, the Rachel Maddow show, and the Ed Schulz show. They will realize that hatred and mockery are not arguments. They will learn that businessmen and economists know more about business and economics than comedians and opinion journalists. They will have to start from the bottom and unlearn everything they learned in the public schools. Unfortunately for them, that should be about the time that the austerity measures kick in to pay for the multi-trillion dollar national debt that the Obama administration ran up, thanks to their votes.

But these growing pains are only going to get worse as liberal government programs break up traditional families more and more. But again, it will be self-inflicted misery since the young people are big supporters of marriage-killing feminist, socialist and gay-rights policies. Fewer and fewer of them will grow up in traditional homes, with mothers and fathers who stick around to raise them. Won’t they be surprised to find out how much the traditional marriages they rejected as “sexist” and “intolerant” matter so much to their success. But by then it will be too late, and their meager salaries, should they be lucky enough to find a job that hasn’t been outsourced to a capitalist nation, will be automatically taxed to pay for the subsidized pensions of their wordsmithing professors. Naturally, those very entitlement programs will be bankrupt by the time they are ready to retire – too bad they opposed the privatization of those programs when they had the chance to vote to save their own futures.

News

Left-wing Democrat groups pack Stephen Colbert / Jon Stewart rally

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Politco has the list of some of the left-wing Democrat special interest groups who attended the pro-Obama rally staged by left-wing radicals Stephen Colbert and Jon Stewart.

Excerpt:

Abortion-rights supporters, marijuana fans, environmental activists, government watchdogs and the Democratic National Committee all will be cruising the Mall and spreading their messages in the hopes of winning hearts, minds and votes three days before Election Day.

— At least 100 MoveOn.org Political Action volunteers will serve 25,000 cups of hot chocolate that advertise a get-out-the-vote effort people can join by texting the organization.

— Public Citizen’s government watchdogs are giving out 5,000 signs featuring slogan-contest winners like “It’s a Democracy, Not an Auction,” chosen from 6,000 entries.

— Abortion rights supporters from NARAL will be trolling the Mall, metro stations and the bus parking lot at RFK Stadium, some in Lady Liberty costumes, rewarding people who sign up to volunteer with a sticker saying, “Vote Pro-Choice. Politicians Make Crappy Doctors” — also a product of a slogan contest.

— After the rally, the pro-pot activists at Students for Sensible Drug Policy are set to do eight hours of phone banking urging California voters to support Proposition 19, which would legalize marijuana in the state.

None of the groups quite know what kind of crowd to expect — MoveOn’s Ilyse Hogue called it a “huge mystery.” — but they figure it will probably be young, liberal and frustrated. Just the kind of folks whose untapped energy can be channeled into get-out-the-vote efforts.

Two clowns organizing a rally for the Clown-In-Chief. Yay! 10% unemployment! 3 trillion in budget deficits! Everyone laugh! It’s so funny!

The radically leftist New York Times reports that the Democratic National Committee will be heavily involved in the Colbert/Stewart rally.

Excerpt:

…the Democratic National Committee is doing everything it can to capitalize on the event.

Volunteers and staff members from the headquarters are greeting people as they get off of the buses or arrive in Washington on trains, armed with sign-up sheets for canvassing efforts in districts across the country.

And for those rally attendees who have not gotten enough of politics by the end of the rally, they can head over to the the committee’s headquarters a few blocks away, where there will be a phone bank. Committee officials said they expected to get at least 100 people there.

The rally had been a subject of concern for some Democrats, who said it would siphon the most active Democrats from around the country away from the get-out-the-vote efforts in their home states and districts.

But a spokeswoman for the Democratic committee’s Organizing for America said Saturday that the party is supportive of the Comedy Central hosts’ event.

“We think having people energized and enthusiastic in the final days before Election Day is great,” said the spokeswoman, Lynda Tran. “OFA is urging people to head from the rally to a phone bank or to pick up a canvass and go door to door to urge their friends, neighbors, and communities to head to the polls on Tuesday.”

Indeed. And the rally is supported by Bill Ayers and Bernardine Dohrn, Barack Obama’s old anti-American terrorist buddies, too.

Excerpt:

When comics Jon Stewart and Stephen Colbert announced their rallies on the national mall scheduled for this Saturday, they may not have expected—or wanted—an endorsement from Weather Underground terrorist Bill Ayers. But Ayers told the Ford Motor Company-sponsored Green Festival in Washington, D.C. last Saturday that the event will be a needed respite from the “Alice in Wonderland” world of military domination of the planet and wars waged by the U.S. “empire.”

The October 30 Stewart/Colbert rallies, dubbed “Restore Sanity” and “Keep Fear Alive,” are “worth attending,” Ayers said.

[…]Ayers and Dohrn had staged a fundraiser for Obama when he began his political career by running for the Illinois State Senate. Ayers and Obama served on a board and appeared at functions together. During the campaign, however, Obama tried to play down his relationship with the terror couple.

All of Obama’s buddies from Bill Ayers and Bernadine Dohrn to Jon Stewart and Stephen Colbert are very excited about the rally. I’m sure Reverend Jeremiah Wright would approve, as well.