Obama and his Democrats have never stopped spending and never will. Why? Because they keep the vast share of the $6.4 Trillion in annual government spending, their supporters get jobs and they distribute a small amount to the poor, who remain poor. When the poor complain, Democrats blame Republicans for “cutting” spending, and say Republicans only care for the rich! The Media then demands Republicans “compromise,” raise taxes and give Democrats more money!
Don’t believe me? Who just bought a $40 million dollar home? How did Al Gore come into the Senate worth <$2 million and end worth >$200 million? Why do rich liberals, Silicon Valley, Hollywood, Media, and big Banks all support Obama?
To help you understand, imagine your spouse decides to spend $1000, which you don’t have, for Christmas. You scream. She “cuts” $200, gives five bucks to charity, fifty bucks to a supporter/friend and spends $745 on herself. You scream again and she calls you a greedy, selfish monster. Should you praise her for her love for the poor? For “cutting” spending? For “balancing the (family) budget?” Or will you recognize she is a fraud?
This is the fraud known as “Baseline Budgeting,” used by Obama and Democrats to continue spending recklessly. Under Baseline Budgeting, every government department gets an automatic a 6% annual increase. If they get <6% in increases, the Democrats scream and count it as a “cut” in spending. In practice, Democrats never, ever, cut spending.
“Stimulus Spending” is another Democrat fraud. Harry Reid and Obama wont produce a budget because Stimulus Funds get an automatic 6% increase and Democrats can continue spending without accountability. Obama’s Stimulus added $787 Billion in 2009. At 6% compounded, this added $937 Billion of new spending in 2012. The total added was $3.42 Trillion over the 4 Obama years. The Democrat Congress also added Stimulus of $152 Billion and $146 Billion in 2007 and 2008 and with Bush, $700 Billion of TARP in 2008. And now Obama wants another Stimulus!!
With 3 Stimulus funds, Democrats have added a total of $5.326 Trillion to federal spending. This is not redistributed. Over 80% of Green Energy Stimulus grants went to Obama cronies. Over 75% of the remainder went to union workers in state, local and federal governments and to top up their bankrupt pension plans. Unions collect $16 Billion in annual dues, which are tax-free. Unions donate, advertise and work to elect Obama and his Democrats, who then give them more money.
Obamacare is another Obama fraud. Obamacare was created so Obama can control 20% of America’s economy. Obamacare was not about getting medical care or even medial insurance for Americans. Under the 1985 law, everyone received medical care. Obamacare mandated purchase of insurance, but will continue to subsidize those who can’t afford it. Therefore, both before and after Obamacare; the same number of people will receive medical care and be subsidized for medical insurance.
But Obamacare imposes 32 new taxes, costing us at least $525 Billion. This includes $20 Billion medical device tax imposed on 12,009 plants employing 409,000 people, many of whom have already been laid off; a Medicare Payroll Tax Hike of $86.8 Billion and a $125 Billon tax increase on investment income, which, together other proposed tax increases, increases capital gains from 15% to 23.8% and dividend income from 15% to 43.4% in a single year 2012-2013.
Another tax is the “Employer Mandate” that will cause over 1/3 of employers to drop medical coverage altogether. They will reduce your hours to less than 30/week so they don’t have to cover you; or pay the fine, which is cheaper than buying insurance. Service industries like restaurants can’t afford even the fine, so they will lay off people. If your employer still provides you medical insurance, you have to declare it as income, so Obama can tax it. Meantime, individual medical insurance costs have nearly doubled. And if you don’t get insurance and/or don’t want to buy it, then you will still be taxed.
See the pattern? You get laid off or taxed, no matter what you do. Obama collects more money from the private sector and gains more power over all of us.