But wait just a minute. If Washington receives about $200 billion in monthly revenues and sends out roughly $50 billion worth of Social Security checks and the same amount of Medicare payments, why is Obama claiming the checks may not go out?
Isn’t $200 billion minus $100 billion still $100 billion?
Because Obama is playing the demogogue, that’s why. Pure and simple.
This is demogoguery of the worst sort because Obama has to know that what he is saying is false. When you and I say something we know to be false, it’s called a “lie.”
Clearly, it is of no matter to Obama that hiking taxes and raising the national debt limit very likely will keep millions of Americans unemployed and hobble the economy for years to come. All he has to do is scare enough voters long enough to get through the November 2012 election to get himself re-elected.
Here are the facts, as reported by MarketWatch and the Bipartisan Policy Center. You do the math:
* The federal government receives approximately $200 billion in revenues each month.
* Interest on the national debt in August will be approximately $29 billion.
* Social Security will cost about $49. 2 billion.
* Medicare and Medicaid will cost about $50 billion.
* Active duty military pay will cost about $2.9 billion.
* Veterans affairs programs will cost about $2.9 billion.
If you’ve been punching buttons on your calculator, you know that still leaves $39 billion each month. This is where Obama and the Democrats most fear to go. If Congress doesn’t agree to raise taxes and the national debt limit, they will then have to make the tough choices about which of the remaining programs gets paid or cut and by how much:
* Defense vendors
* IRS refunds
* Food stamps and welfare
* Unemployment benefits
* Department of Education
* Department of Housing and Urban Development
* Department of Justice, etc. etc.
So the next time you hear Obama, or Senate Majority Leader Harry Reid, or Sen. Charles Schumer, D-NY, or House Minority Leader Nancy Pelosi, or any of the multiple Democratic echo chambers in the liberal mainstream media, remember – what they are saying is pure demogoguery.
A Normal person would look to cut spending. Democrats look to increase spending! And also raise taxes.
So when the outlay is higher than intake the best the Democrats can come up with is to steal money from everyone else and then spend it. This is guaranteed to fix the problem!
Republicans said tense negotiations over raising the $14.3 trillion debt limit at the White House ended when President Obama stormed out of the meeting with a stern warning to House Majority Leader Eric Cantor (R-Va.): “Don’t call my bluff.”
“It ended with the president abruptly walking out of the meeting,” Cantor told reporters upon returning to the Capitol Wednesday.
A Democratic source familiar with the negotiations said the reports of a dramatic or abrupt walk-out by Obama were overblown, but the source acknowledged that the president “said what he was going to say, he got up and walked out.”
“The climax of the meeting was the president basically saying ‘what’s happening in this room confirms what everybody across the country thinks about Washington, D.C.,’” the official said. “Which is that people are more interested in protecting their base and political positioning than solving problems.”
Yes, they do. And you, Dear Leader as the head of that effort. Hence the demagoguery and the fearmongering with an unhealthy dose of Class Warfare.
“He said to me, ‘Eric, don’t call my bluff. I’m going to the American people with this,’ “ Cantor said.
I just want to know if he stamped his feet and threatened to hold his breath until he got what he wanted or else!
Give Peas a Chance! :)
Bernanke told Congress he could keep rates at record lows, and the Fed could kick off a third round of quantitative easing, known informally as QE3, to ease market pressures.
The best they can come up with is more inflation and to devalue the dollar even more, which makes everything we buy more expensive. BUT at least they printed more fake money and run up the debt to pay the bills and didn’t have to cut spending!!
No Democrats wants to cut any spending for anything.
The Media is in the tank for the Democrats.
And the Republicans just don’t want the blame.
Welcome to Hell.