Tweet
Fact #1- I do not like Barack Obama philosophically (he is a big government Western European Socialist at his core) or personally (I believe he is a pathological liar).
Fact #2- Fact #1 doesn’t mean the facts below are not completely accurate.
Fact #3- In his Tuesday night speech to the Nation, he once again tried to scare seniors and the poor by yet again stating that without a debt deal, he can’t guarantee that social security and medicare payments will be made in August. The fact is that IF those payments are NOT made, it will be only because Obama REFUSES to make those payments. The revenues that will come in will total $190 billion. With this revenue, the Fed can pay all interest due on US debt, all SS payments, all Medicare payments, all military active duty and retirement pay, and all Medicaid payments. After paying all of these there will be around $47 billion remaining to pay other expenses for running the government. Yes, these dollars will have to be prioritized, but the expenses above, including SS and military, will be paid unless Obama consciously decides not to pay them.
Fact #4- Obama mentioned a US default several times. Absent a debt deal, the US will NOT default on its debt. By law, the first payments that must be made every month are the debt payments. They amount to $29 billion, or 15% of the $190 billion in revenues.
Fact #5- Obama said “balanced approach” seven times in his 13 minute speech. That means a tax increase. Even Harry Reid’s lame proposal has given up on raising taxes in this economy so Obama stands alone on this issue. Why harp on a harmful tax increase? Simple, Tuesday’s speech was yet another political campaign speech from Obama, one that was designed to further polarize America and promote his personal “class warfare”. Facts…we know them. Does the President, or is he really a pathological liar?
Fact #6- Importance of this one will become clearer, I believe, in the very near future. Hillary Clinton is nothing but Obama in a pant suit…albeit somewhat more intelligent.
Fact #7- While not specific to Obama, the Reid proposal that is one of the two getting press, is a complete fraud. In short, he claims his plan raises the ceiling by $2.4 trillion (NOW) while cutting spending by $2.7 trillion over the next ten years. Great for a campaign ad, but like Obama, this is full of lies and distortions. Included in his $2.7 trillion in cuts is a savings of $1.4 trillion because we won’t be fighting in Iraq and Afghanistan. Krauthammer wondered why they didn't include the $40 billion in savings from not invading Normandy again. Budget cuts…really? Further, the remaining $1.3 trillion in cuts i) will not come about until 2018 through 2021, and ii) these cuts, whatever they are determined to be, will almost certainly include a large amount of cuts arising from “eliminating waste, fraud, and abuse” from government programs. Wow, what a great idea.
Fact #2- Fact #1 doesn’t mean the facts below are not completely accurate.
Fact #3- In his Tuesday night speech to the Nation, he once again tried to scare seniors and the poor by yet again stating that without a debt deal, he can’t guarantee that social security and medicare payments will be made in August. The fact is that IF those payments are NOT made, it will be only because Obama REFUSES to make those payments. The revenues that will come in will total $190 billion. With this revenue, the Fed can pay all interest due on US debt, all SS payments, all Medicare payments, all military active duty and retirement pay, and all Medicaid payments. After paying all of these there will be around $47 billion remaining to pay other expenses for running the government. Yes, these dollars will have to be prioritized, but the expenses above, including SS and military, will be paid unless Obama consciously decides not to pay them.
Fact #4- Obama mentioned a US default several times. Absent a debt deal, the US will NOT default on its debt. By law, the first payments that must be made every month are the debt payments. They amount to $29 billion, or 15% of the $190 billion in revenues.
Fact #5- Obama said “balanced approach” seven times in his 13 minute speech. That means a tax increase. Even Harry Reid’s lame proposal has given up on raising taxes in this economy so Obama stands alone on this issue. Why harp on a harmful tax increase? Simple, Tuesday’s speech was yet another political campaign speech from Obama, one that was designed to further polarize America and promote his personal “class warfare”. Facts…we know them. Does the President, or is he really a pathological liar?
Fact #6- Importance of this one will become clearer, I believe, in the very near future. Hillary Clinton is nothing but Obama in a pant suit…albeit somewhat more intelligent.
Fact #7- While not specific to Obama, the Reid proposal that is one of the two getting press, is a complete fraud. In short, he claims his plan raises the ceiling by $2.4 trillion (NOW) while cutting spending by $2.7 trillion over the next ten years. Great for a campaign ad, but like Obama, this is full of lies and distortions. Included in his $2.7 trillion in cuts is a savings of $1.4 trillion because we won’t be fighting in Iraq and Afghanistan. Krauthammer wondered why they didn't include the $40 billion in savings from not invading Normandy again. Budget cuts…really? Further, the remaining $1.3 trillion in cuts i) will not come about until 2018 through 2021, and ii) these cuts, whatever they are determined to be, will almost certainly include a large amount of cuts arising from “eliminating waste, fraud, and abuse” from government programs. Wow, what a great idea.
NBA is a joke
Comment