Thursday, June 30, 2011

Obama - Just More Class Warfare Baloney

In attempting to deal with raising the National Debt Ceiling to allow the Socialists to borrow and spend trillions more that is bankrupting our country, Socialist President Obama once again is playing the class warfare card.   Frankly, it is getting really old.  The Socialists have been doing it for 100 years.  The Socialist always want to raise taxes on the Makers to give to the Takers; their PEEP's, those on the dole, the 50% of Americans that pay no income taxes at all and public employee union members.   This is all about redistribution of income in the name of "Social Justice".  The fact is that if the Socialists confiscated 100% of the assets of the "rich" (which they would love to do) defined by them as those making $250,000 or more,  it would be impossible to pay off the current $14 trillion National Debt, or the likely $12 trillion that will be added to the Debt in the next ten years if Obama gets his way. 

Instead of raising taxes, always the Socialist's Scheme, which will retard economic growth and kill more jobs, for starters, we need to eliminate 20% of the 1,300 federal agencies, commissions and departments, or about 260 of them.   We can start with the Department of Education and the EPA.  Believe me, we won't even know they are gone because they are worthless.  In doing so, we should lay off 20% of the 2.65 million federal civilian employees.   At about $106,000 per employee, the savings to the government would be $561,800,000,000, or about $561.8 billion a year.  Over ten years, the savings would be $5.618 trillion, and really even more in inflated dollars, very near the $6 trillion in savings in the Ryan Budget passed by the House of Representatives and that is without touching Entitlements at all.

Next, let's eliminate 20% of the regulations that are job killers.  If we do that in addition to cutting corporate income tax rates from the current 35%, the second highest in the world, to 20%,  American companies will bring jobs back to the United States.   The words Made in America will again be stamped on many products as manufacturing comes home.  The US economy will boom and we will see GDP grow from the current 1.8% to 5% or more each year. 

To finish the job, we need a 50 year energy plan that actually makes energy less expensive, rather than more expensive as is happening under Obama, which includes more oil drilling, development of oil shale, natural gas, nuclear and renewables.   If we develop energy sources in the US to make our country energy independent, it will create millions of jobs.

While Entitlements like Medicare and Social Security should be reformed anyway to give younger people more choices,  if the all the things I describe were to happen, we would see GDP growth of 5 - 8% a year.   This would create a full employment economy and the government would be brimming with new tax revenues with the current tax rates.   In fact, tax rates could be cut further because the government would have more than enough money to fund Entitlements, education, medical care and infrastructure.  Of course, we would need a Balanced Budget Constitutional Amendment to prevent corrupt politicians from spending even more than the windfall that would come from significant economic growth.   If we do the things mentioned, there would be more than enough money to fund all valuable government functions, reasonable Entitlements and the federal government could pay off the National Debt to get our country back on track.   

None of this will happen as long as President Obama and his Socialists pals are in office.   They don't want a full employment economy because their PEEP's would be at work in the private sector rather than on the dole, or the government's union payroll.   Socialists win elections by keeping people dependent on government.   As such, we have to take back our country by sweeping these Socialists, that are destroying and bankrupting our country, out of office.   Most important, we must make Socialist President Obama a one term President in 2012 because he is a clear and present danger our nation.  We must elect rock solid, common sense Conservatives to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.   We can do it.   We must do it to protect the interests of all Americans. 

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