Obama administration “balanced approach” short on the “balance” part
Obama administration staffers discussing President Obama’s proposed balanced approach to reducing the deficit a few dollars – there is no interest in discussing the debt or unfunded future liabilities – have shown little or no interest in spending cuts.
Please read this post and share with Democrats and liberals. Preach to the choir if you’d like, but we must reach out and start a reasonable discussion with supporters of Obama and liberals.
Honestly, this is a win-win situation for Obama in the political and media arena. He can just keep speaking of a balanced approach, but all he really says is “the rich” need to pay their “fair share.” That’s not just a code word, it’s an outright demand individual earners who make more than $200,000 and families making $250,000 pay a higher tax rate on every dollar they earn over the target.
If the president does not get that higher percentage he can just not move forward with anything. He’s drawn a line in the sand with the GOP and is more than willing to go over the cliff since he can blame Republicans for not compromising and the media will back him up.
Just as a side note, the administration refuses to draw a line in the sand with Hamas or Iran…
From The Weekly Standard. Treasury Secretary Timothy Geithner visited with Sen. Mitch McConnell (R-Ky.)…
Geithner suggested $1.6 trillion in tax increases, McConnell says, but showed “minimal or no interest” in spending cuts. When congressional leaders went to the White House three days after the election, Obama talked of possible curbs on the explosive growth of food stamps and Social Security disability payments. But since Geithner didn’t mention them, those reductions appear to be off the table now, McConnell says.
Talking points for the day. You must take action and share these points not just with like-minded conservatives, but with Democrats who support Obama and the liberals. Start the discussion. Emotion is the only thing not on our side… bring them logic and facts.
- The president’s proposed tax rate on income earned more than $200,000/$250,000 will bring in little if any revenue. I calculated the proposed increase would bring in $40 billion a year after stacking the deck in Obama’s favor. I remember Bret Baier at Fox News mentioned $80 billion, and Charles Krauthammer called it a rounding error.
- The estimate is so fragile, there is a good possibility revenue to the federal treasury from all those “rich people” would actually go down in the immediate future. That’s right, I think their overall federal tax rate as a percentage of income could go down.
- Obama and Warren Buffet are lying to you. The rich certainly do pay a much higher percentage of income in federal taxes as compared to the middle class. Buffet is an extreme outlier and tax policy should not be driven by extreme outlier examples.
- The president has proposed no meaningful cuts to the size of the federal government. None. As usual, Democrats (and Republicans for that matter) do not seem to be interested in relinquishing power back to the states to reduce the size of the federal deficit and eventually the debt.
- Yes, this means state budgets would growif we wanted the services. But then we’d have 50 states competing to do everything better. Admit it, you’d want to live in the state that provides quality services to you for the lowest cost. At the federal level it’s a government bureaucratic spending monopoly.
Time to act. Share the above talking points via Facebook, Twitter and email. It’s time to get out of your comfort zone people. You must have conversations with liberals, Democrats and Republicans that just don’t get it.
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