Congressional Republicans have done their deficit duty.
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Barack Obama revels in the glory of the presidency, but
refuses to take any of its responsibility.
This is the man who, in open debate with the hapless John McCain, promised the nation’s voters that his budget plans involved a “net spending cut.” Federal spending for the year at the time totaled $2.983 trillion. Federal spending today: $3.819 trillion, according to President Obama’s own 2012 budget. For Democrats, who by definition lack numerical literacy, that is a net spending increase of $836 billion.
This is the man who argued vociferously on national television in 2009 that there was no way the Obamacare individual mandate — the one forcing citizens to buy the health insurance the government specifies they must have — could be considered a tax. After it was enacted into law, President Obama then sent his government lawyers into court to argue that the individual mandate is constitutional because it is only a tax.
President Obama has already increased federal spending by nearly one-third in his first three years in office. In February of this year, he submitted his 2012 budget to Congress proposing to increase spending by nearly another two-thirds by 2021. That finally roused the Senate to action. In a rare, thoroughly bipartisan response, they voted down Obama’s proposed 2012 budget 97-0.
Realizing that he was falling behind the political curve, President Obama gave a speech on federal spending, deficits and debt on April 13, which was another exercise in calculated deception. When House Budget Committee Chairman Paul Ryan asked CBO Director Doug Elmendorf if he had scored the President’s April 13 budget proposals, Elmendorf responded by saying that the CBO doesn’t score speeches.
Since then we have gotten even less from our pretend President. As the Wall Street Journal explained on Monday:
In June, the President dispatched Joe Biden to negotiate spending cuts, only to have the White House insist at the last minute that modest trims be accompanied by significant new taxes. Mr. Boehner and the Senate’s bipartisan Gang of Six produced plans that would have acceded to the White House demands in return for substantive tax reform that would have lowered individual and corporate tax rates. Yet last week the White House backtracked on its agreement for the lower tax rates and demanded another $400 billion in tax revenues above the $800 billion the Speaker had already conceded.
Most importantly, the Journal added, “Here’s a number for the debt history books: Mr. Obama’s final offer in the Biden talks was a $2 billion cut in 2012 non-defense discretionary spending.” With Obama having budgeted $3,819 billion in federal spending for this year, his offer would provide a heroic spending cut of 1 penny for every $20 Obama’s federal government spends.
President Obama’s address to the nation Monday night was a supreme performance of calculated deception. After administering to America the greatest fiscal blowout in world history, he opened the speech posing as a President gravely concerned about federal spending, deficits and debt. Manfully, he blamed our problems on George W. Bush, who was last seen as President nearly three years ago.
Note for the record: in the last year with a budget adopted by a Republican-controlled Congress (2007), the federal deficit came in at $161 billion. The current federal deficit is roughly 10 times that. So Congressman Jeb Hensarling (R-TX) was close to the truth when he told Obama to his face that the annual deficits under the Republicans had become the monthly deficits under the Democrats.
President Obama then exercised his national leadership by telling America that it is a nation “with a system in which the deck seems stacked against middle-class Americans in favor of the wealthiest few.” It is a disgrace for a man who is supposed to be serving as President of these United States to make such a fundamentally false, defamatory assertion about his own country.
As I explain in my new book, America’s Ticking Bankruptcy Bomb, before President Obama was even elected, official IRS data showed that for 2007 the top 1% of income earners paid more in federal income taxes than the bottom 95% combined. The top 1% paid 40.4% of all federal income taxes that year, almost twice their share of income. The middle fifth of income earners (the actual middle class) paid 4.7% of federal income taxes. The bottom 40% of income earners as a group paid no federal income taxes that year. They instead received net payments from the IRS equal to 4% of total federal tax revenues — the result of nearly 30 years of Reaganomics.
In California, the top 1% pay 48% of all state income taxes. In New York, the top 1% pay 41% of all state income taxes. In New Jersey, until recently the top 1% paid 46% of state income taxes, and Castroite government employee unions want to bring those policies back.
Moreover, America’s corporate income tax rate is virtually the highest in the industrialized world at nearly 40% on average, counting state corporate rates. As I have noted previously, even Communist China has a 25% corporate rate, with the average in the mostly-socialist European Union below that. In left-wing Canada, the corporate rate today is 16.5%, scheduled to fall to 15% next year.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?