Obama Wonka now wants to mint $1 Trillion Dollar Platinum coins to pay America’s debts!!
Obama spends $6.2 Trillion annually; $1.2 Trillion more than he takes. He distracts by blaming Bush and humiliating Republicans over the Fiscal Cliff “deal.” But he cut nothing, increased spending and continues to spend $10.6 Billion a day!
Obama created the $17.547 Trillion dollar deficit, which he cannot pay back. Hence, the need for gimmicks like “Trillion Dollar Platinum Coins”!
What is he doing with $6.4 Trillion dollars we give him each year? Does anybody know?
Liberals love to blame the wars: But Iraq and Afghanistan jointly cost only $127 Billion in 2012;1 less than 2% of $6.4 Trillion. Total Defense spending, including Civil defense, foreign economic and military aid and Veterans’ benefits is $868.1 Billion, up $140 Billion since 2008.
Look at all the other major spending2:
Item 2012 2008 Increase %
Fed Pensions $878.5 $659.8 $218.7 25%
Welfare $422.3 $322.3 $100.0 24%
Medicare $916.1 $671.4 $244.7 27%
Totals $2,216.90 $1,653.50 $563.40 25%
Obama doubled the federal workforce: 1.2 million under Bush to 2.3 million in 2010. Federal workers earn double the salary and benefits of their private sector counterparts and retire early at 90% of their last salary. Nearly 500,000 earned over $100,000 in salary alone. Obama just increased their pay. More unionized workers will be added for Obamacare. Federal Pensions cost more that the entire Department of Defense, including the wars! Money is flowing from us to the public sector unions (which pay no taxes) to Obama. …. Hurry up; pay more taxes; mint more Trillion Dollar coins!!
Obama added 10 million to the Welfare rolls in one year. Now, 47 million are on food stamps. 100 million people, including non-citizens, receive some form of Welfare: food stamps, Medicaid, SNAP, WIC, housing vouchers, Pell Grants, LIHEAP and child care vouchers; or direct services, community health centers, Title 1 education, foster care, school lunch and Head Start. This does not count those on Social Security or Medicare. Obama just removed the work requirement imposed by Clinton/Gingrich. In 11 mostly liberal North East and Western states, there are more on Welfare than are working.
If Obama’s economy is doing so well, why are so many on Welfare? This is deliberate. When people are poor and unemployed, they are dependent on Obama and must vote for him. Many of the cities with huge populations on welfare voted 100% for Obama!!
Democrats play that “Baseline Budgeting” trick to continue spending: Every single government department gets an automatic annual raise of 6%, including the stimulus spending, without any accounting. Democrats count a less than 6% increase, as a “cut”!! Obama’s actual spending increased 25%!
No Audited Statements are ever produced: Public Corporations file audited quarterly statements to show what they do with shareholders’ money. Have you ever seen an audited statement from any government department? Of course not. The whole idea is to keep spending without any accountability. Then create a crisis and demand yet more money.
| All of this is still 4 Trillion less than the $6.4 Trillion Obama spends. Where does the rest of the money go?Harry Reid hasn’t done a budget for over 3 years. Instead, they use “Stimulus” Funding. Money is demanded at the last moment, with predictions of dire consequences; threats of government shut downs and defaults; and photos of weeping women and children who will starve if Republicans don’t agree to even more spending.Democrats always excuse Democrat constituencies from paying taxes: Hollywood got yet another tax break. Unions, Planned Parenthood, Big Bird, AP, all do not pay taxes. Millionaire and Billionaire Hedge Funds, Warren Buffet, Al Gore and other rich investors pay only 20% on millions of dividend and capital gains income. But Obama is always trying to get regular small business employers and workers to pay more taxes.Democrats never talk about all the taxes you pay. You must check your most recent Salary slip or your annual W-2 form. Look at your gross income and then at your take home pay. Notice how much the government is taking from you? |
If Obama can just mint coins; and he refuses to provide any accounting of what he is doing with your money; why should you, or anyone who is working, pay more?
- http://www.cbo.gov/topics/national-security/iraq-and-afghanistan
- http://www.usgovernmentspending.com/year_spending_2013USbn_13bs1n_403010#usgs302