Prove It Mr. President
The 2011 US budget, presented to congress by the current administration, calls for $3.8 trillion of spending. The same document estimates the government will gross $2.2 trillion in revenues. Do the arithmetic. The federal government's appetite will add $1.6 trillion to the deficit.
Finger pointing is fruitless. Here is the reality. Private enterprise carries the entire burden of the cost of entitlements and government overhead. And it can no longer sustain itself, entitlements and the government bureaucracy.
The US economy is in crisis because of government spending. Every job lost in the private sector reduces tax revenues, and increases the demand for government services. Increased taxes on the income of the surviving companies and individuals, to replace the contracting revenues, only results in the further decline of the economic engine.
Ironically, the growth of government bureaucracy and entitlements is a direct result of the hardships caused by taxation on business and especially on the Middle Class. Every government welfare program from Pell Grants to Day Care allowances to Cash for Clunkers is taxpayer compensation to justify the cost of government.
Every administration and congress, since LBJ introduced the Great Society in 1964, has expanded entitlements to pacify the taxpayers, and to build dependent constituencies. These government expenditures have put the economy on the brink of collapse because there is no fiscal elasticity left.
For five generations productivity in the private sector shielded most Americans from the negative consequences of over-taxation. Advances in technology hid the dire consequences of government expansion.
Arguably, technology was the root cause of the jobless recoveries in previous recessions. Without the advances in robotics and computers which spurred productivity, the current economic calamity facing America would have occurred in the late 1980's.
The collection, analysis and dissemination of information eliminated the jobs of middle management, as well as, the jobs on the manufacturing floor. This kept productivity and profits soaring. It also cloaked government's avarice and made the people on Wall Street rich as the stock market climbed to record levels.
Taxation and government regulation also pushed jobs off-shore, encouraged by Wall Street which was only interested in quarterly profits. The same phenomenon, and for the same reasons, have families migrating to states with lower taxes. This spirit of self-preservation is sowing havoc in the states which enriched welfare programs and bureaucracies, believing private enterprise would provide an eternal source of revenue.
The bubble broke on Mr. Obama's shift. The only difference between Obama and his predecessors is that he, Pelosi and Reid exposed the scam. TARP, the Stimulus, the 2010 Omnibus budget and Obama Care tore the covers off the charade.
His attempts to blame private enterprise for the recession hasn't impressed the taxpayers. He's promoting more government spending and higher deficits. He blows kisses to the bureaucrats when he should be practicing tough love.
It's obvious the Democrats do understand the repercussions of Scott Brown's election in Massachusetts. Before Brown could be sworn into office, they raised the debt ceiling another $1.9 trillion. This gives them a $300 billion slush fund to squander.
Mr. Obama, prove you are not an ideologue. Cut government spending across the board, or shut up and sit down until your term expires. Ditto for every state governor and every mayor.
Finger pointing is fruitless. Here is the reality. Private enterprise carries the entire burden of the cost of entitlements and government overhead. And it can no longer sustain itself, entitlements and the government bureaucracy.
The US economy is in crisis because of government spending. Every job lost in the private sector reduces tax revenues, and increases the demand for government services. Increased taxes on the income of the surviving companies and individuals, to replace the contracting revenues, only results in the further decline of the economic engine.
Ironically, the growth of government bureaucracy and entitlements is a direct result of the hardships caused by taxation on business and especially on the Middle Class. Every government welfare program from Pell Grants to Day Care allowances to Cash for Clunkers is taxpayer compensation to justify the cost of government.
Every administration and congress, since LBJ introduced the Great Society in 1964, has expanded entitlements to pacify the taxpayers, and to build dependent constituencies. These government expenditures have put the economy on the brink of collapse because there is no fiscal elasticity left.
For five generations productivity in the private sector shielded most Americans from the negative consequences of over-taxation. Advances in technology hid the dire consequences of government expansion.
Arguably, technology was the root cause of the jobless recoveries in previous recessions. Without the advances in robotics and computers which spurred productivity, the current economic calamity facing America would have occurred in the late 1980's.
The collection, analysis and dissemination of information eliminated the jobs of middle management, as well as, the jobs on the manufacturing floor. This kept productivity and profits soaring. It also cloaked government's avarice and made the people on Wall Street rich as the stock market climbed to record levels.
Taxation and government regulation also pushed jobs off-shore, encouraged by Wall Street which was only interested in quarterly profits. The same phenomenon, and for the same reasons, have families migrating to states with lower taxes. This spirit of self-preservation is sowing havoc in the states which enriched welfare programs and bureaucracies, believing private enterprise would provide an eternal source of revenue.
The bubble broke on Mr. Obama's shift. The only difference between Obama and his predecessors is that he, Pelosi and Reid exposed the scam. TARP, the Stimulus, the 2010 Omnibus budget and Obama Care tore the covers off the charade.
His attempts to blame private enterprise for the recession hasn't impressed the taxpayers. He's promoting more government spending and higher deficits. He blows kisses to the bureaucrats when he should be practicing tough love.
It's obvious the Democrats do understand the repercussions of Scott Brown's election in Massachusetts. Before Brown could be sworn into office, they raised the debt ceiling another $1.9 trillion. This gives them a $300 billion slush fund to squander.
Mr. Obama, prove you are not an ideologue. Cut government spending across the board, or shut up and sit down until your term expires. Ditto for every state governor and every mayor.
posted by David at
8:23 AM
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