President Barack Obama today delivered his own personal Communist manifesto, fraudulently proffering a fantasy history of our nation as a massive Leftist collective – so as to justify his continued assault on our national bank balance.
“We would not be a great country without those commitments” to Medicare, Social Security and Medicaid Obama absurdly asserted. Which means he thinks we were never great prior to 1935 – when Social Security was unconstitutionally passed into being.
Most Americans would, I think, disagree with Obama’s ideologically self-serving assessment.
President Obama’s collectivist assault on the federal budget has in fact been unprecedented. His $1 trillion alleged “stimulus,” his budget busting ObamaCare, his bailouts of banks and car companies, Cash for Clunkers, Cash for Caulkers, etc., etc., ad nauseum – will leave us with more debt accumulated in his first term than all 43 of his predecessors COMBINED.
To put his fiscal insanity in perspective, some numbers:
2007 Federal Budget: $2.73 trillion.
Note: This was the last all Republican budget – the House, Senate and White House were at the time all run by the Rs.
2011 Federal Budget: $3.82 trillion.
Note: This is an estimated total. Because the Democrats that were at the time running the House, Senate and White House didn’t write a budget – because they were afraid to go on the record with how much they actually wanted to spend in advance of the 2010 election.
Meaning – it could have been WORSE.
That is a $1.09 TRILLION increase – in just the last four years. A 29% increase – in just the last four years.
As we have all along said – it’s not a revenue problem, it’s a SPENDING problem.
An Obama “solution” to this problem- largely of his making – appears to be a tax rate hike. A desired return to the Clinton-era 39% tax rate on the “wealthy.”
The vast majority of whom – looking at the “necessarily skyrocketing” prices the Obama Economy has produced for gasoline, food, rent, mortgages and a whole host of other Obama Era luxuries – would be surprised to learn that they are in Obama Speak “wealthy.”
So we the Right offer a proposal. We’ll return to the Clinton-era tax hike rate – if we can also return to the Clinton-era rate of government spending.
2001 Federal Budget: $1.9 trillion.
Seton Motley is a consultant and the founder and president of Less Government, an organization dedicated to, well, less government. Including protecting the First Amendment from governmental assault. He is editor in chief of StopNetRegulation.org, a Center for Individual Freedom publication. He is a writer, television and radio commentator, political and policy strategist, lecturer, debater, and activist.