White House is Staging A Bloodless Coup!

OK, folks–here’s the deal- I don’t think too many people are realizing this:

1. We currently gather TEN TIMES the amount of revenue required to service our debt, EVERY MONTH.

2. The 14th Amendment states that WE MUST honor and service our debts; meaning that paying and servicing debt MUST COME FIRST.

3. Barack Obama has been threatening that we WILL DEFAULT on our debt if the debt ceiling is not raised in two days.

4. The ONLY way this can happen, is if Barack Obama IGNORES the 14th Amendment and REFUSES to service the debt. This means that Barack Obama MUST OPENLY DEFY the Constitution to bring about what he threatens will happen.

5. Understand also that I believe that Barack Obama FULLY INTENDS to carry out his threat. I believe that Barack Obama MEANS, in direct opposition to the 14th Amendment, to ALLOW the United States to go into default. Like a terrorist with his finger on the button of his suicide vest, he is threatening to DESTROY THE FULL FAITH AND CREDIT OF THE UNITED STATES, placing our economy in RUIN, unless Congress meets his every demand.

6. In effect, Barack Obama is staging what amounts to nothing less than a COUP– a complete usurpation of the power of the purse that IS EXCLUSIVELY THE PURVIEW of the duly and locally elected United States House of Representatives.

7. In completely and WILLFULLY ignoring his Constitutional responsibilities with respect to the 14th Amendment, Barack Obama has effectually denounced the primacy of the U.S. Constitution. He is effectively governing by EXECUTIVE FIAT.

In other words, Barack Obama HAS THROWN AWAY THE CONSTITUTION and is in effect GOVERNING AS A DICTATOR!

UNDERSTAND THIS, PEOPLE–THIS IS NOT HYPERBOLE!

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Our Incredible, Static Debt

This report from CNS states that while we were running a $98 billion deficit for the month of July, the national debt – per the Treasury – remained at exactly $16,699,396,000,000.00 during the whole month.  This is $25 million below the legally authorized debt limit.

This is, also, not mathematically possible – the Treasury Secretary did advise Speaker Boehner as of May 17th – when our debt officially hit the number it stayed at all through July, and is still at as of yesterday – that Treasury would be putting in to place “extraordinary” measures to keep the debt below the legal limit.  What are these extraordinary measures?  Not made clear – likely because it is just another word for “lie”.

It is simply not possible that our debt could remain exactly the same over this period of time – it would have to go up or down.  Given the amount of spending we’re doing, “down” is not at all likely, and so it is almost a certainty that it has gone up…and probably vastly more than the $25 million gap between reported figure and legal limit.  So, Treasury is almost certainly lying about how much we owe and borrowing money it cannot legally borrow…and no one in Congress is calling Treasury on it; neither are the financial markets.  A massive lie is being treated as if it didn’t exist by all of the Ruling Class on this country.

Such is the sad state of affairs we live in – a bankrupt country run by cowards, liars and crooks.

And some might wonder, still, why I want a revolution – peaceful, to be sure; at the ballot box, of course (and as our Founders intended); but a revolution, nonetheless.  The entire Ruling Class has to be turned out and new people, new ideas and new laws made to ensure that the truth is what governs our nation.

Scare Mongering the Sequester

Twitchy has collected a bit of Democrat scare-mongering regarding the sequester – the best was Rangel’s claim that 2,100 food inspectors would be thrown out of work.  My first question was:  we have more than 2,100 of them?  Rangel wants to know if we want to worry about the food on our table?  My attitude:  meh…properly cooked food is just about zero risk, at all events, and even without the inspectors its not like the food producers will suddenly go, “oh, goody, now we can poison people with food!”.  There is an indisputable fact to place before the American people here:  some how or another, we didn’t all die before food inspectors came along.  Muddling through without the Nanny State, those who provide food for the market managed to divine that their best bet was to provide good, safe food because that meant your customers stayed alive and came back the next day to buy some more.

Now, just why are our Democrats so hyped up about this?  The real reason seems to me that they are fearful that if real cuts are done – and while the sequester is a teeny, tiny little cut which won’t actually reduce our fiscal peril, they are real cuts – then if death and destruction don’t result, the argument for more cuts will become overwhelming.  Democrats are desperately afraid that their license to steal might soon be revoked – that the American people will figure out that about half what we spend is just payoffs to Democrat constituencies.  And so they will keep banging the drum saying that we’re all going to die if the Sequester (Obamaquester – because it was his idea, after all) goes through.

Exit question:  will all this Democrat whining megaphoned by the by-lined Democrats in the MSM cause the GOP to cave?  So far, it doesn’t appear it will – but never underestimate the Congressional GOP’s ability to wilt under pressure…we shall have to see.

UPDATE:  The article has it as a growing alliance between the RINOs and the Democrats.  Me?  Nope; its just the Ruling Class taking the mask off.  It is an us vs them fight – the people vs the powerful, with our biggest problem is that a large number of the people don’t realize how badly they are being screwed.  Yet.  Matters are being clarified and once we start campaigning in the “blue” areas, the lines will be drawn.

Avoiding the Fiscal Cliff

Well, the agenda media is tripping over itself speculating on how Congress and the President will avoid the fiscal cliff, and what the ramifications are if they do (or don’t).

An on-line AP article today makes some of the most ludicrous statements and assertions I’ve seen in a while, illustrating the fact that they haven’t got a clue as to what’s going to happen — or why.

President Barack Obama and leaders of the lame-duck Congress may be just weeks away from shaking hands on a deal to avert the dreaded “fiscal cliff.” So it’s natural to wonder: If they announce a bipartisan package promising to curb mushrooming federal deficits, will it be real?

Come on, now — this is Washington D.C. where perception is reality, and the MSM is all about creating perception.

Obama and top lawmakers could produce an agreement that takes a serious bite out of the government’s growing $16 trillion pile of debt and puts it on a true downward trajectory.

On what planet could (or would) they do that?  Certainly not this one.  Even during the Clinton administration when the budget was supposedly “balanced”, the debt never went down year on year.  If they taxed the top 2% at 100%, they couldn’t even erase the current deficit, much less “take a serious bite” out of the debt.

Or they might reach an accord heading off massive tax increases and spending cuts that begin to bite in January — that’s the fiscal cliff — while appearing to be getting tough on deficits through painful savings deferred until years from now, when their successors might revoke or dilute them.

Now that sounds more like what we’re accustomed to from our political class.

Historically, Congress and presidents have proven themselves capable of either.

Not recently.  Since 1961 the debt has done nothing but increase.  In all fairness, the biggest jumps came during the administrations of Ronald Reagan ($2 trillion) and George W. Bush ($5 trillion).  But Obama has already exceeded Bush’s total and is likely to exceed that combined $7 trillion well before the midpoint of his second term.

Passing a framework next month that sets deficit-cutting targets for each of the next 10 years would be seen as a sign of seriousness. But look for specifics. An agreement will have a greater chance of actually reducing deficits if it details how the savings would be divided between revenue increases and cuts in federal programs, averting future fights among lawmakers over that question.

Say what?  Can anyone read that and not laugh?

Better yet would be including a fast-track process for passing next year’s tax and spending bills if they meet the savings targets so they can whisk through Congress without the possibility of a Senate filibuster, in which 41 of the 100 senators could kill a measure they dislike.

Is that the same Senate that hasn’t passed a budget in 3-1/2 years?

Raising money from higher rates, closing loopholes or a combination of the two would create real revenue for the government.

As opposed to what? Fake revenue?

The problem is many tax deductions and credits , such as for home mortgages and the value of employer-provided health insurance, are so popular that enacting them into law over objections from the public and lobbyists would be extremely difficult.

D’ya think?

With the price tags of tax and spending laws typically measured over a decade, delaying the implementation date can distort the projected impact of a change on people and the government’s debt.

But it does give the perception that they’re doing something.

Even more questionable are assumptions that overhauling tax laws will boost economic activity and thus produce large new revenues for the government. Many Republicans and ideologically conservative economists contend that’s the case, but most economists say there is no sound way to estimate how much revenue can be generated from strengthening the economy by revamping the tax system. Many believe the amount is modest.

Well then, we are just fluked!

Savings that come from weeding out waste, fraud and abuse, which sounds good but are difficult to find, or rely on one-time sales of federal assets should be treated with suspicion.

Of course — there’s no waste, fraud or abuse in the federal budget.

Deep cuts that take effect in the future, say after Obama leaves office in 2017, might be better than imposing them now and hurting an already weak economy by reducing spending.

Now were talkin’

Proggies Act Surprised ….. We Told You So!

“On Obamacare……

As a result of obAMATEUR’s re-election and the highly improbability that ObamaCare being repealed, we’ve had several businesses come forward and state that this is going to affect the number of workers they have and hours they can work – two of them are  CEO of Papa Johns John Schnatter and Applebees franchisee owner Zane Tankel.  While these aren’t the only two, they are the latest business owners who have publicly stated the harmful impact that ObamaCare will have on their businesses, their workers’ jobs and benefits.

The proggies are “shocked”.  They took to Twitter to demonize these business owners (hey they learned from the professional agitator using Alinski, his mentor’s tactics) , and pushing for others to boycott their businesses.  Hey you proggies – Can’t say you weren’t warned!  Business owners have been out there telling you exactly what you had coming to you if obAMATEUR was re-elected and ObamaCare stayed the law of the land.  Of course, you chose not to listen to those warnings.  It doesn’t make it these business owner’s problems! We told you so!!!

On to raising taxes……..

obAMATEUR is consumed with obsession about raising taxes on the “rich”.  We hear it in the press about his “wanting to make a deal” with Republicans for the so-called “balanced approach”.  All we have heard so far is the raising taxes on the “wealthy” – some balanced approach!  The complicit media (aka the propaganda arm of the White House) has done nothing but interview Republican and talk about raising taxes.  They have yet to question the obAMATEUR about the other half of the “balanced approach” – spending cuts.  Recently, on Good Morning America, they stated concern how “spending cuts will affect the economy”!  Excuse me?  We have seen MASSIVE government spending stagnate an economy.  We have proof that tax cuts work – several instances in fact.  Even the CBO disagrees with the lopsided “balanced approach” on raising taxes – Raising taxes has nothing to do with our fiscal cliff and getting our finances in order..

Just how much deficit reduction would Obama’s tax hikes on the rich necessarily accomplish?

Nothing, according to the Congressional Budget Office.

Letting tax rates rise to Clinton era levels for those families making over $250,000 a year would only raise $824 billion over ten years. That is not even enough revenue to undo the sequester that Obama promised “will not happen” during his final debate with Mitt Romney.”

If we gave you your way and CONFISCATED ALL THE WEALTH of the so-called targeted “wealthy”, you would have enough money to run the government for a few months.  That’s it!!!  We have a spending problem in this country.  This pResident who has ran up the debt than the first 42 presidents COMBINED!  Again, it is not our problem that you PREDICTABLY ignored FACTS and re-elected this buffoon.  We told you so!!!

More recent higher jobless claims ….

We now have 439,000 new jobless claims for the first full week after the disastrous reelection of the “one we have been waiting for” – the obAMATEUR and I do mean AMATEUR!  Pennsylvania and Ohio led the pack.  Two unionized states.  Two crucial states won by obAMATEUR.  The obAMATEUR sycophants are trying to put the best possible spin on these numbers — saying that they’re due to layoffs from Hurricane Sandy.  What utter CRAP!.  Layoffs in Ohio?  Pennsylvania?  Heavy union states?  We had New Jersey turn away NON UNION ELECTRICAL WORKERS, as an example of their dedication to union labor even in a disaster such as this!!!!

These layoffs are the direct result of re-electing this anti-business failure (a failure at everything he has put his hands on) of a pResident.  Businesses have been struggling that last four years.  There has been no recovery.  There have been BILLIONS of dollars spent by these businesses to comply with new regulations coming from this White House and the EPA.  The EPA will soon unleash the flood of new so-called “clean air” rules that will send energy costs through the roof.  Taxes on small business owners are going to rise.  Capital gains taxes on investors – going up.  There is absolutely NOTHING on the horizon with four more years of obAMATEUR that gives one iota of hope for a better business and economic climate ahead.  So … it’s time to go lean … and that’s just what these businesses are doing.  They’re shedding employees to get under the ObamaCare threshold. They’re looking for ways to get more efficient so that they can rid themselves of unnecessary workers.  As a result we see jobless claims are on the rise .. the highest number since the middle of 2011.

The obAMATEUR, his sycophants, drones and lemmings want to blame it on the storm.  Well .. .they’re half-right.  It’s a storm all right, but not Hurricane Sandy.  It’s the storm of taxes and regulations that are coming with the reelection of an anti-business, tax and spend president.

Elections have consequences.  Here’s your pink slip.  Enjoy.  And if you’re an obAMATEUR voter, I’m enjoying it right along with you.  You did it to yourselves.  We told you so!!!

 

Is Obama Serious About Avoiding the “Fiscal Cliff”?

There is an argument to be made that he doesn’t care if it does happen – from Zero Hedge:

…Here is why our leader has no desire to settle this affair before it gets put into effect.

  • It will impose tax hikes on everyone who pays federal income taxes (not just the 2%)
  • It will cut entitlements without his having to support the actions
  • It will reduce defense spending without him ‘looking soft’ as Commander-in-Chief
  • It will end the ‘Bush Tax Cuts’ automatically
  • It will probably slow economic growth (GDP)

Why would our President want these things to take place?

  • He would get the extra tax revenues to use without being blamed
  • He could not be held accountable for breaking his ubiquitous pledge to never raise taxes on the bottom 98%
  • He would not be the one cutting entitlements, it would be ‘out of his hands’
  • He prefers to cut defense spending rather than social programs
  • He can later ‘give back’ tax cuts to the Middle Class
  • He can then call them the ‘Obama Tax Cuts’
  • He can blame those damn ‘Obstructionist Republicans’ for the next recession

For B-Rock the Sequestration is a ‘Dream Act’ to accomplish many of his goals and dreams without any accountability. Every negative can be blamed on the Republicans even as he allows his stated preferences to be overridden by the forced actions imposed on him…

There is some sense to that.  Especially if, as I believe, we’re heading in to recession, anyway.  Perhaps Obama’s number-crunchers have told him that a period of recession in 2013 is unavoidable, cliff or no, and so might as well make certain a crisis never goes to waste.  Deadlock now means the Bush tax are gone for good, defense is heavily cut and we actually do reduce our deficit all without Obama taking the blame.  You know the MSM would spend the next year blaming every last thing on the GOP.

We’ll have to see, of course – if Obama actually does give in some meaningful way on tax and entitlement reform then we’ll know he’s interested in the fate of the nation.  If he stands firm and won’t do anything unless the GOP agrees to specifically increase tax rates without any serious entitlement or tax reform, then we’ll know he’s ok with us going over the cliff.

The Immorality of Government Debt

At Wednesday’s debate Mitt Romney said something I never thought I’d hear him say – or, indeed, hear anyone in government say:

LEHRER: … Governor Romney, you — you go first because the president went first on segment one. And the question is this, what are the differences between the two of you as to how you would go about tackling the deficit problem in this country?

ROMNEY: Good. I’m glad you raised that, and it’s a — it’s a critical issue. I think it’s not just an economic issue, I think it’s a moral issue. I think it’s, frankly, not moral for my generation to keep spending massively more than we take in, knowing those burdens are going to be passed on to the next generation and they’re going to be paying the interest and the principal all their lives.

And the amount of debt we’re adding, at a trillion a year, is simply not moral…

One could almost leap and shout for joy.

It has been growing on my mind – for some time now – that it is not right for any government agency to have debt.  You see, when the government creates debt what it does is deny to future generations the right to make their own decisions.  As a true democrat, I refuse to bow to the tyranny of those who merely happen to be walking around at the time – I pay heed to those who are dead (ie, I revere tradition) as well as have consideration for those who are yet to be born (I won’t, if I can help it, make things more difficult for them by engaging in idiocy today).  Many of those who are walking around right now want all sorts of things which we cannot afford; and even those who want higher taxes still want even more spending than even the higher taxes would cover.  Anyone who wants anything which cannot be paid for out of current accounts is reaching in to the future and acting as a most tyrannical dictator.  People not yet born may want to expend their collective tax dollars on Project X but they won’t be able to because we, before they were born, spent their tax dollars on Project Y.  Is that in any way fair?

You can try to dress it up and say “well, true we’re mortgaging their future but we’re also providing them this wonderful thing”.  But suppose when the future arrives they don’t consider it all that wonderful?  Suppose even if it were wonderful they’d yet rather have something else?  Who are you, current person, to deny them their choice?

The future does not belong to us – the day after you vote to increase the debt on persons yet unborn you may well die.  You’re not there – you can’t convince anyone tomorrow, you can only deal with today.  Today we may have X amount of dollars to spend and it is up to us, by applying our wisdom, to figure out how to spend them and once we run out, that is the end of the matter.  You can try to hike taxes to get a bit more but everyone knows that after a while high tax rates have a diminishing return (even liberals know this – so ultra-liberal Governor Jerry Brown just extended lower tax rates for Hollywood…because he knows that if Hollywood were hit with a higher tax rate, Hollywood would move out of California and so California would get nothing…the pity, though, is that liberals won’t apply this to all spheres of economic activity…guess it helps if you can throw a swank, Beverly Hills party).  But no matter how you slice it, there isn’t an endless supply of money – there is just so much and then there is no more.  And there is the additional fact that no matter what we do there will never be enough money to satisfy all the wants – some will have to be set aside.  To borrow to meet wants is just criminal cruelty – and an undemocratic assault upon future generations.

Right now we are so jammed up with debt that we won’t be able to get out of it for quite a while but it is to be hoped that we are learning our lesson – and Mitt Romney’s statement at the debate shows that he, at least, is far ahead on the learning curve.  Much further ahead than Obama and his Democrats.  We have to balance our budget, pay our debt off and then never borrow another red cent.

Want a social program?  Pay for it out of current accounts.  Want a new road?  Pay for it out of current accounts.  Want to fight a war?  Pay for it out of current accounts.  And if there isn’t enough money for it, then  you’d just better not do it.  Its the only moral thing to do.