President Obama is playing you again (and defiling his office as he does so).
(Page 2 of 2)
But this is the President again playing you, because he thinks you are too stupid and uninformed to pay attention to what has been going on. Just last month, Washington increased taxes on the wealthiest Americans by $2 trillion (or at least it tried to — we will see if the wealthiest Americans are too stupid to pay attention to what is going on, and they or their money stick around to be fleeced). There were no spending cuts in that January 1 fiscal cliff deal. It was all tax increases. Almost all on the wealthiest Americans.
And those tax increases will affect middle class and working people more than the rich. As the rich hustle their money into tax shelters and out of the country to avoid the increasingly oppressive tax burden they face, the country loses precisely the investment capital that is the foundation for new jobs and growing wages. So the result is more unemployment and lower wages for the middle class and working people, which is exactly what America has been experiencing under Obama.
Moreover, only President Obama and the Democrats have slashed Medicare, when they passed Obamacare in 2010, which cut trillions actually in future Medicare spending, by adopting payment formulas that would pay the doctors and hospitals that are expected to provide the health care to seniors even less than Medicaid pays to doctors and hospitals for health care for the poor. The Republicans have not cut Medicare by a single dime. Remember the last time they had Congressional majorities in both houses, they enacted the Medicare prescription drug plan, Medicare Part D. That may not have been a good idea, but the point here is that every time Obama talks about Republicans cutting Medicare, he is talking out of all three sides of his mouth.
I thoroughly explained in last week’s column that the rich already pay far more than their fair share, unless you are a communist. Official IRS data show that the top 1% of income earners pay 39% of all federal income taxes, while earning only 13% of the income. The middle 20% of income earners, the true middle class, pays only 2.7% of all federal income taxes, while earning 15% of the income. So the top 1% pays 15 times as much federal income tax as the entire middle 20%, or middle class, even though the middle 20% earns more in income. The bottom 40% of income earners rather than paying any taxes to support the government actually receives payments from the IRS equal to about 10% of all federal income tax revenues.
And this was before the $2 trillion in tax rate increases on the rich, in the fiscal cliff deal.
President Obama also persisted yesterday in spreading the dishonest falsehood that billionaires pay lower tax rates than theirs secretaries. That is based on a cartoon version of our tax code. CBO reports to the contrary that in 2009 the top 1% paid an average federal tax rate of 29%, while the middle 20% paid an average federal tax rate of only 11.1%, and the bottom 20% paid an average federal tax rate of 1%. We need a law that would hold President Obama personally liable when he uses the trappings of office to spread outright fairy tales.
Finally, President Obama said yesterday:
Now, for two years, I’ve offered a balanced approach to deficit reduction that would prevent these harmful cuts…. I am willing to cut more spending that we don’t need, get rid of programs that aren’t working. I’ve laid out specific reforms to our entitlement programs that can achieve the same amount of health care savings by the beginning of the next decade as the reforms that were proposed by the bipartisan Simpson-Bowles commission [Not true].
But only if we raise taxes yet again. Obama added:
I believe such a balanced approach that combines tax r[increases] with some additional spending [cuts], done in a smart, thoughtful way is the best way to…avoid these [sequester cuts once and for all that could hurt our economy, slow our recovery, put people out of work. And most Americans agree with me.
This is the danger of the Washington media cocoon, taken over by socialist revolutionaries, which leaves our leaders believing their own confused and dishonest propaganda. What Obama is saying here is that most Americans agree that cutting spending hurts the economy, but raising taxes doesn’t. And if you do agree, and willingly allow Obama to play you like that, it is you who are stupid.
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.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
Was the President done in by the economy, or by the politics of the economy?