Wednesday, August 22, 2012

Congressional Budget Office Dire Warning

The non-partisan Congressional Budget Office issued a dire warning if the Bush Tax Cuts are not extended and soon.  In their gloomiest assessment yet, the CBO stated that we will see unemployment rise to more than 9.1 with the loss of two million jobs causing a severe Recession.  Other sources estimate that three million jobs will be lost if all income tax rates revert to Clinton era rates.  We face a Fiscal Cliff as the Bush Tax Cuts will expire as of December 31 along with the Payroll Tax Holiday.  In addition, we will shortly hit the $16.3 Trillion National Debt Ceiling, since Obama is borrowing $4 Billion a day to fund his Trillion Dollar Plus annual deficits. 

At the same time, Socialist President Obama is calling for a tax increase on "rich" Americans earning more than $250,000 a year.  Of course, on the campaign trail Liar Obama speaks of raising taxes on "millionaires and billionaires".   That last time this Blogger studied math, $250,000 is not a million, or billion dollars.  Instead, this tax increase will impact about a million small businesses that employ the majority of Americans.   A tax increase on small business will be a job killer as predicted by the Congressional Budget Office.   

We face a Fiscal Cliff; yet the President has been Missing In Action for more than a year attending more than 200 campaign fund raisers.  Obama has not held a Cabinet Meeting, or a  meeting with his Jobs Council in about a year.   The only thing Obama has focused on for the last 12 months is raising money for his reelection campaign.  So while 23 million Americans are either unemployed, under employed working part time that want full time work, or they have just given up looking for work altogether, as a result of Obama's failed economic policy, the President has been AWOL (Absent Without Leave). 

Socialist President Obama has failed to restore economic growth, or job creation again in America.  Obama told us early on that if he did not get the economy back on track, his Presidency would be a one term proposition.   Obama was right.   We need to make Obama a one term President to get our country back on track.  We must sweep Socialists, at all levels of government, including President Obama, out of office in 2012 and 2014.   We must elect Mitt Romney, the next President of the United States and gain complete Republican control of both Houses of the Congress.  It is the only way to restore economic growth and job creation again in America.  

We just can't let the Congressional Budget Office prediction come true because it will mean more poverty, misery and a lower standard of living for the American people.  We must take back our country in 2012 and 2014.  We can do it.  We must do it preserve our freedom, our nation and way of life.   We must send Obama and his Socialist pals in Congress packing.  So get out your check book and donate money to Romney's campaign, along with Conservative candidates running for Congress.  Do it for your kids and grand kids. 

P.S.  To donate to Mitt Romney's campaign to make Obama a one term President, just go to and click on Donate.  Once on the page, look for the line that says, I know my Referrers number, click on that box and type in 8544, the National Freedom Forum Referral Number to make our voices heard.  Give as much as you can to take back our country. 

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