A Balanced Approach

July 27, 2011 4:11 pm 1 comment

This president is a pathological liar. - Image: dancingczars.wordpress.com

President Obama continues to call for a “balanced approach” when it comes to raising the debt ceiling. In fact, he did so seven times during his primetime speech to the nation this past Monday. So what is the president’s idea of a balanced approach?

Well we know he continues to call for an increase in revenue which is simply Madison Avenue speak for raising taxes. To many Americans this probably sounds like a good idea, we just need more money so the government can meet its obligations. But where will that money come from?

According to the president it’s going to come from those evil rich people making more than $250,000.00 per year. They can afford it, they all own private jets and are not paying their fare share. The problem is that the president’s math does not work; you cannot raise more than a trillion-dollars in revenue by only taxing those that make more than $250K per year.

According to factcheck.org roughly two-percent of American households earn more than $250K per year. The latest census data estimates that there are slightly less than 130 million households in America. So if you multiply that by two-percent you come to about 2.6 million households earning $250K. To get to the president’s magic number of $1.2 trillion you would have to tax each one of those households an additional $461,000.00 per year – the math does not work.

Just over half of America pays any federal taxes to begin with so where is all of this money going to come from? By taxing the middle class. It’s the only way you can make the math work by only increasing revenues. So what President Obama means by a “balanced approach” is that we (the federal government) are going to steal (tax) more of your hard earned money to pay for all my failed initiatives.

The president even had the audacity to bald-faced lie to senior citizens on national TV when he said that the government would not be able to pay its bills which includes Social Security and veteran’s benefits. As HotAir.com and Mark Levin point out, Social Security will simply sell some of the treasury notes it holds in the trust fund to pay for its liabilities and checks will go out as usual.

If Obama really cared about the economy he would agree to the budget cuts that have been proposed by congress and support the Cut, Cap, and Balance Act. That’s what everyday Americans have to do so that they can pay their bills when times are tough. In 2006, then Senator Obama had this to say about raising the debt ceiling:

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

So what has changed in just a few short years? History has proven that increasing taxes will cause even more harm to our anemic economy. As a matter of fact, most economic indicators are now worse than they were during the Great Depression and our president wants to double down on policy that has proven to make matters worse. One can only wonder why?


For a list of the proposed budget cuts, you can see them at the Huffington Post. In my opinion they could probably find another trillion or two to cut.


Leave a Reply


Other News

  • Christian Persecution World Russia Declares ‘Holy War’ On Islamic State

    Russia Declares ‘Holy War’ On Islamic State

    The Orthodox Christian Church, which is reclaiming its traditional role in post-Soviet Russia, has just described its government’s fight against the Islamic State and other jihadi groups in Syria as a “holy war.”

    According to Vsevolod Chaplin, head of the Church’s Public Affairs Department,

    The fight with terrorism is a holy battle and today our country is perhaps the most active force in the world fighting it. The Russian Federation has made a responsible decision on the use of armed forces to defend the People of Syria from the sorrows caused by the arbitrariness of terrorists. Christians are suffering in the region with the kidnapping of clerics and the destruction of churches. Muslims are suffering no less.

    This is not a pretext to justify intervention in Syria.

    Read more →
  • 2nd Amendment Faith Oregon Shooting – When Tragedy Happens Let’s Focus On The Cause And Not The Tools Used

    Oregon Shooting – When Tragedy Happens Let’s Focus On The Cause And Not The Tools Used

    While the blood was still dripping from those martyrs who, in front of an evil man armed with a gun, asked them if they were Christians and those strong in the faith said they were. He shot them in the head. While those who were lost or weak said nothing he spared their lives and shot them in their legs.

    Barrack Hussein Obama angrily ran to the cameras to use this opportunity to say that guns being in the hands of the law-abiding Americans is the problem, and we need to restrict the 2nd amendment to spare the lives of “we the people.”

    This is nuts; guns do not kill people, people kill people! You can test this fact in your own home right now. (Do not worry no one will get hurt).

    Read more →
  • 2nd Amendment Faith Gun Free Zones Are Killing Zones

    Gun Free Zones Are Killing Zones

    How did you feel when you heard of the shootings in Oregon this week? Was the first thing that came to your mind the thought that if we only had stricter gun control legislation, this kind of tragedy could have been prevented?

    If you listened to idiotic liberals, like President Barack “Insane” Obama, you might believe that. It is my contention that liberalism is a mental disorder based on the rejection of God and His principles, and extreme irresponsibility.

    Read more →
  • National Where’s the Beef, in Republican candidates, in 2015?

    Where’s the Beef, in Republican candidates, in 2015?

    What type of Republican Leader do you want in 2015?

    As we look at elections coming up quickly in 2015, as well as the very important 2016 election cycle, what type of “Republican” leaders do you want to shape the future of your county and country?

    Do you ever wonder why it is that the current crop of Republicans are not declaring, at every media interview, “These ills have been brought to you by the Democrat Party!” when speaking of Obamacare, the hordes of immigrants being allowed to destroy our country, the Iranian nuclear treaty, the “Black Lives Matter” racial division rhetoric, the attack on the defense of marriage, the 94 million Americans not currently in the work force,

    Read more →
  • National Child protection services Sentences Baby To Death ON 9/11/2015

    Child protection services Sentences Baby To Death ON 9/11/2015

    Child protection services should be self-explanatory based on the simplicity of its name. But they are doing exactly opposite of their name in many places. Wynne, Arkansas is one such place.

    A baby has been sentenced to death and will be executed on Friday, September 11, 2015 and Arkansas Department of HUMAN SERVICES (DHS) – Division of Children and Family Services- Central Office will facilitate the delivery of the baby’s 10-year-old to the abortion clinic.

    On August 29, 2015 20-year-old Justin Smith was arrested and charged with three counts of rape and one count of endangering the welfare of a minor. His “alleged” victim is a 10-year-old.

    Read more →