President Obama counting new taxes as spending cuts
March 4, 2013 at 6:52 pm in News by Dustin Siggins 5 Comments
With the passage of the March 1 deadline, sequestration is now set to take effect. The next big battle is the Continuing Resolution, which according to Tea Party Patriots Legislative Advisor Bill Pascoe should be a relatively simple battle. Bill reported to Tea Party Patriots Local Coordinators on Sunday that both sides are tired of near-disasters with deadlines, so Democrats are likely to accept sequestration as part of the next Continuing Resolution. Republicans are likely to accept funding for the Affordable Care Act as part of their end of the bargain.
Before we move completely past sequestration onto the Continuing Resolution, however, it’s important that Patriots across the country have the weapons necessary to combat continued misleading statements by the Beltway crowd. Late last week, Investor’s Business Daily (IBD) found a big weapon in the President’s claim that he wants a “balanced” approach to deficit reduction:
Worse, Obama’s “balanced” plan actually counts hundreds of billions of new revenues from taxes, fees and rebates as “spending reductions.” Examples:
• His plan to “strengthen” unemployment insurance is labeled as a cut, but it’s really a $50 billion tax hike.
• The $35 billion from the federal worker retirement programs involves boosting worker contributions.
• Most of the $35 billion in Medicare savings comes from charging wealthy seniors more.
• The $140 billion in “reduced payments to drug companies” are in fact rebates Obama wants drugmakers to pay Uncle Sam for selling drugs to poor seniors.
• Then there’s the $45 billion in spectrum fees and asset sa
President Obama counting new taxes as spending cuts
les that Obama lists as spending reductions.
Viewed correctly, it turns out that more than $300 billion — about a third — of Obama’s proposed “spending cuts” are actually revenue increases.
The next time your Congressman or Senators try to tell you at a town hall that the Tea Party and other fiscal conservatives should have accepted the President’s “compromise,” tell them the facts – that continuing to raise taxes under the false flag of deficit reduction and spending reductions is no substitute for real action on spending cuts and entitlement reforms.
All our president, Obama has done since he took office
Is throw money at situations,which we don’t have and have not had for
For sometime now, so why not just print more money and proceed
In the manner he has done since he took office?
I realize Obama is only one person, but I do believe this hole
We are in started and continued with his bail outs and Obama Care!
He has lied to the American people,talked out both sides of his mouth from day one!
The leaders of our US Government has stolen (Robbed if you prefer)from Medicare and other agencies to the extent we are broke yet we continue to give Billions of $ to other
Countries,how is the possible? Maybe I the middle class common man just do not understand big business ? So those of you who voted for elected Obama can somehow
Enlighten me? I am certain that there is many Americans who feel as I do? Where are you
And why are you not speaking out and asserting your rights under the U S constitution ?
Our president has never compromised, he has decieved, plagerized, slandered, impuned, alleged, and perfidied-but he has been as dogmatic as the pope of luthers era, and as willing to see violence upon those who did not fit his will, albiet with considerabley less integrity. To permit anyone to call anything that man has done a compromise is to do his bidding.
The only honorable option for any servant of any congressional district is to see him impeached, and since he has no problem going to bed while our ambassadors are sodomized, I don’t think we should let him have 1 dime in a continueing resolution, simply ground Air Force 1 and stand the little tyrant to before the senate every single day the rest of his tenure.
Government will voluntarily reduce expenses or they will be forced to at some point in time. China’s housing bubble is about to burst and it is huge. We will feel the fall out by losing a large source of loans. Government is too big, too expensive, and too out of control! Only engaged citizens can turn this ship around.
the scam will end . China will crash banking will bust Government will throw treats to peasants, WHY DID WE LEAVE BRITISH CONTROL . FIGHT BACK OPPRESSION