- Obamacare another Medicare: 134 percent increase in the payroll tax
- How is all that spending going Obama?
- Chicago Link Love Sunday
Posted: 08 Jun 2009 09:40 AM PDT
CNSNews has an alarming piece out and one that has to be read in full, but to tweak the focus here until you read the whole thing, Obama care would mimic our Medicare program in which the 2009 annual report from the Medicare Trustees says that in order for Medicare to remain solvent there will have to be "134 percent increase in the payroll tax paid by every working American."
Let your mind wrap around that for a second. That is Medicare and that is the plan that Obama's healthcare plan will regurgitate on a massive scale, to not only cover the elderly as Medicare does, but everyone.
What will the cost to the American taxpayer be then?
You think you pay enough in taxes? You think your healthcare costs are too high now?
Imagine the government taking 134 percent more from your paychecks to not only cover you and your family, but everyone else as well.
Healthcare for all is great in theory, but it is not sustainable, ask the UK, France, and Canada how that is working out for them, when they have millions that have their neeeds outsourced to other countries because their "public" healthcare cannot take care of them.
Obama's federal plan would essentially operate like a massive version of Medicare, the government-run plan for seniors which cost 3.2 percent of the country's Gross Domestic Product (GDP) in 2008 and which will become insolvent for the first time this year.
So, the Medicare plan is not sustainable without raising the payroll tax by 134 percent and this is the system, already proven unsustainable, that Obama is pitching for all Americans?
Hennessey details the problems clearly, go read why he opposes this and ask yourself why everyone doesn't.
Posted: 08 Jun 2009 08:07 AM PDT
All over the television news channels we saw Obama's talking heads explaining why the news, the economy and the massive spending bills passed can work, even though it isn't working, and the news reporting that all the spending is actually having the opposite effect of what was intended isn't really as bad as it appears.
Get that? Clear as day huh?
They can spin the news all they want, but the bottom line is still going to be the bottom line.
The Obama's big spending policies are hurting the economy, not helping it.
The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market.
A little further down in that same article:
The White House estimates that the government will rack up an unprecedented $1.8 trillion budget deficit this year - more than four times last year's all-time high.
Vodkapundit plays the headline game. I have done this myself a time or two, because when looking at all the headlines (he uses Drudge to line them all up and put context to them) they seem to mesh together to tell a story and show the bigger picture.
Well, duh. Some of us have been warning you about this since before Obama was even sworn in. Look, stimulus spending can't work, because of one of three things happens:
He points to a VOA article showing "US Unemployment Rate Gallops Ahead of Expectations."
Austan Goolsbee spoke on Fox News Sunday:
Again, Vodkapundit cuts through the doublespeak of Goolsbee:
Here's the missing context: The Obama people are the ones making it worse, those stupid idiot dumb-dumbs. What, with the printing of the money, the driving up of the interest rates, and the impending raising of the taxes.
More on Goolsbee's incorrect statements from Keith Hennessey, who remembers what Goolsbee either doesn't or pretends not to.
He has more, go look, but there are some headlines and stories that he didn't include, such as "Obama Promises More Than 600,000 Stimulus Jobs," the subheader is the kicker in that article though."
President promised Monday to deliver more than 600,000 jobs through his $787 billion stimulus plan this summer, with federal agencies pumping billions.
Just ask yourself one question before reading the "fine print," and that is... where is all this money Obama is spending, coming from?
But Obama now promises an accelerated pace of federal spending over the next few months to boost the economy and produce jobs.
Obama keeps talking, his talking heads keep excusing, explaining or outright lying and his initial promises and expectations have already failed.
A little lower in that article:
Obama initially offered his stimulus plan as a way to put people back to work, a promise that 3.5 million jobs would be saved or created. The administration's predictions that unemployment would rise no higher than 8 percent already have been shattered, leaving Obama's advisers to caution that job growth takes time, even as recovery spending intensifies.
Put it all together and what do we have? Team Obama spends like a drunk on binge making promises that cannot be kept to get his $787 billion stimulus bill passed, then he and his talking heads say they overestimated the short term good it would do, but he has another brilliant idea, spend MORE, faster.
When the news reflects his policies failure, start ramping it up again and pitching, excusing, blaming others and explaining why what we see is not what is really happening.
While the administration is sensitive to criticism that stimulus spending has been too slow, a new Gallup Poll shows danger in the other direction. For the first time, a majority of respondents disapprove of Obama on the issue of "controlling federal spending" (51 percent to 45 percent), compared with the 67 percent who view him favorably overall.
A little tidbit from Gallup, way down at the end, under implications:
This latest Gallup Poll shows that the U.S. public has significantly differentiated views on various dimensions relating to Obama. Americans are most positive when asked about their basic opinions of Obama as a person. They also are positive when asked to assess his overall job performance, and on aspects of his performance relating to foreign and international issues. Americans have become increasingly less positive about Obama's handling of the economy in recent months, and are most negative when asked to say whether they approve of his handling of the federal deficit and federal spending.
He rates well when the question is generic, about him personally or his overall performance, but when the questions get specific... not so much.
All that and we haven't even touched on "Obama's Health Care "illusion", make sure to read all of the Wall Street Journal's piece to understand that bit of irrational logic.
Yup, spend even more.
So, where does this leave us and what is the next move?
Well for team Obama, that is very easy..... more money, to spend more.
Any guesses on when he starts pitching his NEXT stimulus plan and asking for even more than $787 billion and making promises that any rational, thinking person will know cannot be kept?
Oh that is right... the groundwork for the next massive spending package was laid already by Nancy Pelosi, back in March.
House Speaker Nancy Pelosi said Tuesday that Congress needs to "keep the door open" to a another stimulus package -- raising the question of how much the government could eventually spend on top of the $787 billion already allocated to rescue the country from dire economic straits.
They knew, while making all those false promises, that this wasn't going to work.
Posted: 08 Jun 2009 06:04 AM PDT
For those that have a problem with elitist wine snobs, the movie "Corked" is for you.
Go see it.
eric aka the Tygrrrr Express
Posted: 07 Jun 2009 08:26 PM PDT
I began the day in beautiful and sunny Los Angeles. I am now watching a lightning storm in Chicago.
Randy Newman is right when he sings "I love LA."
Anyway, here is some link love to many individuals.
eric aka the Tygrrrr Express
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