Now for a few little excerpts from Obama’s speech yesterday. As you read this, you really need to try to remember that this man, our president, has referred to the private sector as “the enemy.” This would mean that the people who work within the private sector – especially those who make the higher incomes – are enemy operatives. Obama is a man who believes that America’s greatness comes from government, not in any sense from the dynamic of people working and cooperating together in a free market system protected by the rule of law. If you love government and detest the private sector, then this is your guy and nothing is going to change your mind.
So … here we go with some snippets:
* As a country that values fairness, wealthier individuals have traditionally born a greater share of this burden than the middle class or those less fortunate. This is not because we begrudge those who’ve done well – we rightly celebrate their success. Rather, it is a basic reflection of our belief that those who have benefited most from our way of life can afford to give a bit more back. Moreover, this belief has not hindered the success of those at the top of the income scale, who continue to do better and better with each passing year.
Well now THAT is pretty impressive. Obama managed to hit ALL the of the most commonly used leftist class warfare terms in one paragraph. It’s just not FAIR that these people have all this money. They only have all that money because they were LUCKY, and you really want the government to make them GIVE IT BACK, don’t you? Give back? I give from what I have earned, not from what has been first given to me.
* But after Democrats and Republicans committed to fiscal discipline during the 1990s, we lost our way in the decade that followed. We increased spending dramatically for two wars and an expensive prescription drug program – but we didn’t pay for any of this new spending. Instead, we made the problem worse with trillions of dollars in unpaid-for tax cuts – tax cuts that went to every millionaire and billionaire in the country; tax cuts that will force us to borrow an average of $500 billion every year over the next decade.
Obama is right about losing our way over the last decade when it comes to government spending. Even a broken clock is right twice a day. But cutting tax rates for wealthy Americans is not the problem here, the problem is exactly that: government spending. Kevin Williams reminds us: “Repealing all of those Bush tax cuts, for rich and middle class alike, gets you about $3 trillion — over ten years. The deficit is running from a third to almost half that every year. Will not balance. Does not compute.” But that’s not all: “You want to tax Club 1 (millionaires) to get rid of the deficit, you have to hit each of those 200,000 households with an average tax hike — not an average tax bill, but tax increase — of $6 million. And a lot of those Club 1 households don’t have $6 million in income to start with, much less $6 million left after the taxes they’re already paying.” According to the Heritage Foundation: Above-average spending, not below-average revenues, accounts for 92 percent of rising budget deficits by 2014 and 100 percent by 2017.
Pay attention for a second … absorb this figure … digest it … try to really understand what you are about to hear or read and put it up against Obama’s class-warfare, tax-the-rich rhetoric. The Wall Street Journal has gone over the tax statistics for 2008. That is the last year for which this particular statistic is readily available. In 2008 the total taxable income of everyone in this country who made over $100,000 was $1.58 trillion. Now we’re not talking $200K or $250K and we’re certainly not talking about “millionaires and billionaires.” We’re talking about people who made over $100,000. Now …if you taxed these people at 100%; in other words, if you took every penny of taxable income from every soul who earned over $100,000, you wouldn’t have enough money to cover Obama’s budget deficit for THIS YEAR!
Tax the rich? Yeah … that’s the way out of this mess. But Obama isn’t looking for a way out … he’s looking for a way IN. He’s looking for keys to the White House for another four years, and he knows that ramping up wealth envy and engaging in class warfare is the surest way into the hearts and minds of his core constituency.
* To their credit, one vision has been championed by Republicans in the House of Representatives and embraced by several of their party’s presidential candidates. It’s a plan that aims to reduce our deficit by $4 trillion over the next ten years, and one that addresses the challenge of Medicare and Medicaid in the years after that. Those are both worthy goals for us to achieve. But the way this plan achieves those goals would lead to a fundamentally different America than the one we’ve known throughout most of our history.
Wait a minute! Isn’t Obama the man who said he was going to fundamentally transform the United States of America? But Obama’s transformation was away from liberty and toward more government. That’s OK. The evil Republicans are moving to less government. That’s simply not acceptable to Obama.
* Worst of all, this is a vision that says even though America can’t afford to invest in education or clean energy; even though we can’t afford to care for seniors and poor children, we can somehow afford more than $1 trillion in new tax breaks for the wealthy … They want to give people like me a two hundred thousand dollar tax cut that’s paid for by asking thirty three seniors to each pay six thousand dollars more in health costs? That’s not right, and it’s not going to happen as long as I’m President.
Yup .. it’s a Republican attack on our senior citizens. Frighten the seniors and you have their votes in 2012.
* Some will argue we shouldn’t even consider raising taxes, even if only on the wealthiest Americans. It’s just an article of faith for them. I say that at a time when the tax burden on the wealthy is at its lowest level in half a century, the most fortunate among us can afford to pay a little more … And I believe that most wealthy Americans would agree with me. They want to give back to the country that’s done so much for them. Washington just hasn’t asked them to.
Oh yeah .. had to get this idea that wealthy people only got that way because of luck, and they should give some of that stuff back thing in there again. Like I said, it was a campaign speech, not a serious policy speech.