Post by Rob W. Case on Jul 26, 2011 14:25:20 GMT -6
President Obama made yet another address to the country last night (7-25-2011), just three days after he addressed the nation in a press conference about raising the debt ceiling. Ladies and gentlemen, this is a very unique and interesting time in our nation’s history. We have never been in a situation like this before, ever. The president is out there making things up as he goes, portraying himself as a sort of “victim” of “circumstance,” in his pursuits to rally his supporters and get what he wants. He is threatening to cut benefits to seniors and veterans to “scare” them in hopes to get them to put the pressure on the more spend-thrift Republicans. The activist media is trying to do all it can to muddy the waters, and make a case in support for their beloved leader to sort of add “analytical” credibility to add to the effect. The question is will it work?
Why Does Obama Want to Raise the Debt Ceiling?
Obama wants to raise the debt ceiling because he wants to spend more money, point blank. Obama openly admitted it in his Weekly radio address delivered June 25th, 2011, stating, “[W]e can’t simply cut our way to prosperity.” He then added…..
We need to do what’s necessary to grow our economy; create good, middle-class jobs; and make it possible for all Americans to pursue their dreams. That means giving our kids the best education in the world so they have the knowledge and skills to succeed in this economy. It means rebuilding our crumbling roads, railways, and runways. And it means investing in the cutting-edge research and technologies that will spur growth in the years ahead – from clean energy to advanced manufacturing.
What this means is that he wants to do more of what he’s been doing the last 2 and a half years, and that is spend more money. He is seeking once again to allocate more money to his political interests (i.e. teachers unions, union construction workers that receive government contracts at the expense of the taxpayer, and more) to feed their self-interests and thus “motivate” them to go to the polls for him in 2012.
But there is more to the story. This is what we’ve been doing since 2009. We had two or three “stimulus” proposals that funnel money to Obama’s primary political interests. We had a trillion dollar “health care” plan, which incorporates many organizations that lean in his political favor (many of which have absolutely nothing to do with health at all) and siphons money like you wouldn’t believe out of our GDP. And after he has taxed companies and business owners to death, overregulated them to the point where they are falling like dominoes, the economy has significantly shrunk while he pursues even more spending, more taxation, and as a result is causing more inflation, all of which reflects in the rising costs of the goods and services that we buy.
In January, when Obama made his state of the union address, after losing the House to the Republicans, he basically proposed doing more of the same. He only “fluffed” up his rhetoric in many ways, but the underlying theme is that he is not changing his agenda at all. And so, it still remains the same.
2012: What it’s Really About:
This call to raise the debt ceiling is not at all an emergency situation that will destroy the country if it is not raised. This call to raise the debt ceiling is only done to “feed” those who will in turn “feed” his 2012 prospects for re-election. That is why Obama is so disoriented, panicky, and scrambling around to try and get this debt ceiling raised. In his mind, his re-election depends on it.
Reviewing the Last 2 and a Half Years:
Obama and his overwhelming Democrat majority in Congress (from 2009-2011) have raised the debt ceiling a total of three times in the two years they worked together. Let’s review, and recognize the stealth way they accomplished this.
**In February of 2009, not long after the so-called “stimulus” bill was passed, the price tag of it was added to the national debt, adding $787 billion dollars to the existing $11.32 trillion that Bush and the Democrat Congress left with.
**On December 24, 2009, Christmas Eve, the Democrats approved raising the debt ceiling an additional $290 billion.
**January 2010: Just before Massachusetts Senator Scott Brown was able to be sworn in to the Senate, the Democrats rushed to borrow an additional $1.9 trillion dollars before Scott Brown could be seated to block the measure. (That’s almost 2 trillion dollars).
Senate permits gov't to borrow an additional $1.9T
Jan 28 12:26 PM US/Eastern
By ANDREW TAYLOR
Associated Press Writer
www.breitbart.com/article.php?id=D9DGSHEO0&show_article=1
Excerpt: The party-line 60-40 vote was successful only because Republican Sen.-elect Scott Brown has yet to be seated. Sixty votes were required to approve the increase. The measure would lift the debt ceiling to $14.3 trillion. That's about $45,000 for every American. Democrats had to scramble to approve the plan, which means they won't have to vote on another increase until after the midterm elections this fall. To win the votes of moderate Democrats, President Barack Obama promised to appoint a special task force to come up with a plan to reduce the deficit.
By the way, Obama ignored the findings of that task force because it wasn’t compatible with his political ambitions.
This attempt marks the 4th time, Obama wants the debt ceiling raised. This time, Obama wants it raised at a grand total of 2 trillion dollars, placing the national debt to above $16 trillion. In his July 23rd press conference, Obama surprisingly admitted, “The only bottom line that I have is that we have to extend this debt ceiling through the next election, into 2013.” Judging from the past 2 and a half years, Obama’s adamant determination to raise the debt ceiling another 2 TRILLION dollars is to get the funds he wants approved and taken care of this year, so as to remove the inconvenience of having this unpopular measure threaten his chances of re-election next year. In other words, his hope is that this is passed now so that people forget about it by next year.
Scare Tactics, Priorities, and Blame:
If we were really in a crisis over this debt ceiling being raised, we would have to cut costs where necessary. But we’re not doing that. Instead of cutting wasteful spending, Obama is placing our seniors and veterans in a “hostage”-like position on camera, from behind the “bully-pulpit” to, as he claims, “prevent default.” It is interesting to note that he and his overwhelmingly large Democrat Congress cut Medicare and Medicaid benefits as part of the so-called “health care” bill passed stealthily last year, but increased spending in other areas, more beneficial to the President’s political prospects. Adding to that, he also has been trying to rewrite history by making it appear as though he is a victim of what was left behind by the previous administration. This tactic works only with those who carry heavy prejudices against previous administration, without reason or substantive grounds, and only take this president’s words at face value, as their only source of information. For those of us who pay attention to the overall substance, and have the ability to see past the “performance” we are subjected to, there is an entirely different set of dynamics at play. But as this effort continues to dominate, and as the debt increases, you will, for absolute sure, see the costs of goods and services rise, a continued plummeting of the U.S. dollar, and because of out of control spending, and ever so deteriorating means to pay this debt, a bad credit rating to boot. Needless to say, it will be interesting to see what’s next on the itinerary. And it is far from over.
Why Does Obama Want to Raise the Debt Ceiling?
Obama wants to raise the debt ceiling because he wants to spend more money, point blank. Obama openly admitted it in his Weekly radio address delivered June 25th, 2011, stating, “[W]e can’t simply cut our way to prosperity.” He then added…..
We need to do what’s necessary to grow our economy; create good, middle-class jobs; and make it possible for all Americans to pursue their dreams. That means giving our kids the best education in the world so they have the knowledge and skills to succeed in this economy. It means rebuilding our crumbling roads, railways, and runways. And it means investing in the cutting-edge research and technologies that will spur growth in the years ahead – from clean energy to advanced manufacturing.
What this means is that he wants to do more of what he’s been doing the last 2 and a half years, and that is spend more money. He is seeking once again to allocate more money to his political interests (i.e. teachers unions, union construction workers that receive government contracts at the expense of the taxpayer, and more) to feed their self-interests and thus “motivate” them to go to the polls for him in 2012.
But there is more to the story. This is what we’ve been doing since 2009. We had two or three “stimulus” proposals that funnel money to Obama’s primary political interests. We had a trillion dollar “health care” plan, which incorporates many organizations that lean in his political favor (many of which have absolutely nothing to do with health at all) and siphons money like you wouldn’t believe out of our GDP. And after he has taxed companies and business owners to death, overregulated them to the point where they are falling like dominoes, the economy has significantly shrunk while he pursues even more spending, more taxation, and as a result is causing more inflation, all of which reflects in the rising costs of the goods and services that we buy.
In January, when Obama made his state of the union address, after losing the House to the Republicans, he basically proposed doing more of the same. He only “fluffed” up his rhetoric in many ways, but the underlying theme is that he is not changing his agenda at all. And so, it still remains the same.
2012: What it’s Really About:
This call to raise the debt ceiling is not at all an emergency situation that will destroy the country if it is not raised. This call to raise the debt ceiling is only done to “feed” those who will in turn “feed” his 2012 prospects for re-election. That is why Obama is so disoriented, panicky, and scrambling around to try and get this debt ceiling raised. In his mind, his re-election depends on it.
Reviewing the Last 2 and a Half Years:
Obama and his overwhelming Democrat majority in Congress (from 2009-2011) have raised the debt ceiling a total of three times in the two years they worked together. Let’s review, and recognize the stealth way they accomplished this.
**In February of 2009, not long after the so-called “stimulus” bill was passed, the price tag of it was added to the national debt, adding $787 billion dollars to the existing $11.32 trillion that Bush and the Democrat Congress left with.
**On December 24, 2009, Christmas Eve, the Democrats approved raising the debt ceiling an additional $290 billion.
**January 2010: Just before Massachusetts Senator Scott Brown was able to be sworn in to the Senate, the Democrats rushed to borrow an additional $1.9 trillion dollars before Scott Brown could be seated to block the measure. (That’s almost 2 trillion dollars).
Senate permits gov't to borrow an additional $1.9T
Jan 28 12:26 PM US/Eastern
By ANDREW TAYLOR
Associated Press Writer
www.breitbart.com/article.php?id=D9DGSHEO0&show_article=1
Excerpt: The party-line 60-40 vote was successful only because Republican Sen.-elect Scott Brown has yet to be seated. Sixty votes were required to approve the increase. The measure would lift the debt ceiling to $14.3 trillion. That's about $45,000 for every American. Democrats had to scramble to approve the plan, which means they won't have to vote on another increase until after the midterm elections this fall. To win the votes of moderate Democrats, President Barack Obama promised to appoint a special task force to come up with a plan to reduce the deficit.
By the way, Obama ignored the findings of that task force because it wasn’t compatible with his political ambitions.
This attempt marks the 4th time, Obama wants the debt ceiling raised. This time, Obama wants it raised at a grand total of 2 trillion dollars, placing the national debt to above $16 trillion. In his July 23rd press conference, Obama surprisingly admitted, “The only bottom line that I have is that we have to extend this debt ceiling through the next election, into 2013.” Judging from the past 2 and a half years, Obama’s adamant determination to raise the debt ceiling another 2 TRILLION dollars is to get the funds he wants approved and taken care of this year, so as to remove the inconvenience of having this unpopular measure threaten his chances of re-election next year. In other words, his hope is that this is passed now so that people forget about it by next year.
Scare Tactics, Priorities, and Blame:
If we were really in a crisis over this debt ceiling being raised, we would have to cut costs where necessary. But we’re not doing that. Instead of cutting wasteful spending, Obama is placing our seniors and veterans in a “hostage”-like position on camera, from behind the “bully-pulpit” to, as he claims, “prevent default.” It is interesting to note that he and his overwhelmingly large Democrat Congress cut Medicare and Medicaid benefits as part of the so-called “health care” bill passed stealthily last year, but increased spending in other areas, more beneficial to the President’s political prospects. Adding to that, he also has been trying to rewrite history by making it appear as though he is a victim of what was left behind by the previous administration. This tactic works only with those who carry heavy prejudices against previous administration, without reason or substantive grounds, and only take this president’s words at face value, as their only source of information. For those of us who pay attention to the overall substance, and have the ability to see past the “performance” we are subjected to, there is an entirely different set of dynamics at play. But as this effort continues to dominate, and as the debt increases, you will, for absolute sure, see the costs of goods and services rise, a continued plummeting of the U.S. dollar, and because of out of control spending, and ever so deteriorating means to pay this debt, a bad credit rating to boot. Needless to say, it will be interesting to see what’s next on the itinerary. And it is far from over.