Obama Still Has No Real Budget Plan

Mr. West was speaking to Laura Ingraham today about how Obama keeps giving speech after speech, yet still provides no leadership when it comes to the Budget.

Today is the one year anniversary of the so called "Summer of Recovery" and yet job growth is still anemic, there's barely any economic growth and unemployment keeps rising.

Unfortunately the President is the victim of believing in the biggest economic fallacy of all time, that you can get something for nothing.  That you can spend money without it taking away from the economy.  It's like believing you can take water out of one side of the pool and increase the level of water at the other side of the pool.  Not only does it not work, but the transfer process itself will cause "water" to be spilled along the way, becoming extremely wasteful.  In the end the water will only be lowered in the pool.  Just as in the end, all this Keynesian spending on the Economy has produced no real gains.

The worst part of the President's demagoguery is the fact that certain things he's raling against, like the Tax Breaks for Private Jets, is something that he himself signed into law!

There's something bigger here though that many feel is completely lost in all this.  While Obama complains about the Bush Tax Cuts (which he supported), and the fact that he inherited a "Mess".  Instead of reversing the direction that Bush was going on, which was the out of control spending, he instead accelerated it!  Obama increased spending by more than any president before in history.  He has the Biggest deficits in history, he's increased spending by well over 1 Trillion dollars per year, yet now, he's talking about 1 trillion in cuts over a ten year period.  Now that's Audacity!

Here's the Audio of the show.

Fight of the Century: Keynes vs. Hayek

Intelligence for Dummies: Keep Your Mouth SHUT

If these guys were really so smart they would have issued a press release as follows:

While we were hopeful of getting a large amount of intelligence, it looks like Osama was prepared for us. He was a smarter adversary than what we had anticipated. Apparently at the first sign of our invasion, they threw all the hard drives into battery backed up microwave ovens and burned entire cabinets worth of files and faxes. It looks like most of the intelligence we had hoped to have gained was wiped out.

Instead, we've given notice to every Member of Al Quaida, "Change your plans, move, retrench, regroup, because we have your number."

DUMMIES

How New Logic Sows Distrust

     We've all seen the reports, how it turns out that the supposedly 38 Billion in cuts is in all actuality only 352 Million in cuts.  When asked, they all shrug it off because as politicians, they've gotten used to using new math and new wording that is coached in political terms and quite frankly if used by any of us, would probably get us in a great deal of trouble.

     The way they see it is that they should have increased spending by an inflation adjusted 38 Billion, but instead cut the imaginary, never proposed, never passed into law, budget of 2011 by 352 Million.  To you and me, ordinary citizens, well that's a 352 Million dollar spending cut, to the politicians it's a 38 Billion dollar cut.  

     Once we find out the truth, does this lend more or less trust, not only in the Government, but also the Media itself that reports these "facts" without bothering to explain to the people what it really means.  Am I to believe that these reporters really don't know what's going on?  I'm a part time pundit and I know what's going on, these guys do this for a living!

     Now, Obama's new proposal is to "cut" 4 Trillion, not by cutting spending, but instead by cutting things like our ability to deduct the Mortgage Interest we're paying on our homes, (In other words, tax increases! - I'm sure this will do wonders for the Housing Market).  Even his plan of "cutting" 3 dollars for every 1 dollar in tax increases, doesn't quite add up, because the cuts are not really cuts, but instead the cuts are actually slowdowns in spending.  However, even with the slowdowns in spending, his budget calls for increases in Government spending from 25% of GDP today to well over 40% by 2050!  This represents another problem in the form of Hauser's Law, throughout the entire history of the IRS, the Federal Government has NEVER been able to collect more than 20.9% of GDP in Taxes!  Even when the top rates were 80%.  To top it off revenue usually averages under 19% of GDP.  Again, they don't know this stuff?    So they're lying to us, AGAIN.

     Even Ryan's Plan of "cutting" 6 Trillion, REALLY only cuts about 400 Billion the first year, by not implementing Obama Care and not renewing the failed Stimulus Plan.  Every year after that there's still growth, taking the budget from 3.5 Trillion to nearly 5 Trillion in 10 years, vs a Trillion dollars more in Obama's plan.  So where's the 6 Trillion in cuts?  It's the difference over 10 years between the Republicans Debt Ridden spending plan, vs Obama's INCREDIBLY debt ridden spending plan, NEITHER OF WHICH eliminates the deficit, though SUPPOSEDLY Ryan's plan will get us to a balanced budget in 10 years, but not before adding Trillions more to the National Debt.

     Is it any wonder that more and more Americans turn to the new Media like Glenn Beck, the Blaze, Rush and others?  How do we proceed with an "honest conversation" when the very words they use to describe what they're doing are in all actuality lies?  

     We need to demand HONESTY from our politicians and we need to stop the idiotic tendency that people have of saying that you "can't talk politics and religion" because we're afraid that someone will be offended.  What's the point of having the right to free speech if we can't and won't exercise it?  At the same time we need to grow up and stop getting angry at people because they disagree with us on one point or another.  We need to realise that everyone has a different point of view and no 2 people are EVER going to fully agree on everything.  Only once we start demanding HONEST and open dialogue with each other, will our politicians who are a reflection of us, will begin to have an honest and open dialogue with us in return.  In the meantime, when you hear that the "Republicans" want to starve people, and the "Democrats" want to bankrupt us, we need to do our own research and find out what the real truth is, because unfortunately, neither side will tell us the honest truth.