Uncle Sam’s Haul

The federal government raked in a record of approximately $2,446,920,000,000 in tax revenues through the first nine months of fiscal 2015 (Oct. 1, 2014 through the end of June), according to the Monthly Treasury Statement released today.

That equaled approximately $16,451 for every person in the country who had either a full-time or part-time job in June.

Are these just the jobs Americans “will do”? 🙂

The percentage of Americans working or looking for work fell to 62.6 percent in June, after 432,000 people dropped out of the labor force. That’s the lowest rate since October, 1977, according to the Bureau of Labor Statistics.

It is also up about $178,156,270,000 in constant 2015 dollars from the $2,268,763,730,000 in revenue (in inflation-adjusted 2015 dollars) that the Treasury raked in during the first nine months of fiscal 2014.

Despite the record tax revenues of $2,446,920,000,000 in the first nine months of this fiscal year, the government spent $2,760,301,000,000 during those nine months, and, thus, ran up a deficit of $313,381,000,000 during the period.

So they have record tax collection but yet they still run a deficit! (but Obama would say that they run less of a deficit than when he started so that’s ‘progress’).

Anyone else see the flaw in the tax slaw?

The debt is now 18.3 Trillion and climbing.

http://www.usdebtclock.org/

According to the Bureau of Labor Statistics, total seasonally adjusted employment in the United States in June (including both full and part-time workers) was 148,739,000. That means that the federal tax haul so far this fiscal year has equaled $16,451 for every person in the United States with a job.

In 2012, President Barack Obama struck a deal with Republicans in Congress to enact legislation that increased taxes. That included increasing the top income tax rate from 35 percent to 39.6 percent, increasing the top tax rate on dividends and capital gains from 15 percent to 20 percent, and phasing out personal exemptions and deductions starting at an annual income level of $250,000.

An additional 3.8 percent tax on dividends, interests, capital gains and royalties–that was embedded in the Obamacare law–also took effect in 2013.

The largest share of this year’s record-setting October-through-June tax haul came from the individual income tax. That yielded the Treasury $1,167,500,000,000. Payroll taxes for “social insurance and retirement receipts” took in another $771,048,000,000. The corporate income tax brought in $255,453,000,000.

But don’t worry, if you take this seriously, you have to be a “hater” of Obama, right?

The truth doesn’t matter any more, remember. 🙂

irony  government assistance

Political Cartoons by Michael Ramirez

Going Up

Being a “bigot” by Leftist lack of standards pays off.

A fundraiser for the owners of an Indiana pizzeria that became the target of widespread animosity after they said they wouldn’t cater a same-sex wedding reception has collected more than $828,000 from anonymous donors.

Grand total of $842,387 in 2 days.

A GoFundMe page started by a producer from The Blaze, a conservative news network founded by Glenn Beck, has drawn more than 28,500 donors.

“The intent was to help the family stave off the burdensome cost of having the media parked out front, activists tearing them down, and no customers coming in. Our goal was simply to help take one thing off this family’s plate as the strangers sought to destroy them,” wrote Lawrence Jones, a producer who works for Blaze personality Dana Loesch. “But other strangers came to the rescue and the total just keeps going up.”

But since the state Legislature caved and gutted the law anyhow it appears the all-out nuclear bombardment by the “tolerant” and  “compassionate” Left has ended.

They have moved on to other targets.

**************

But they aren’t they only things going up…

The number of Americans 16 years and older who did not participate in the labor force–meaning they neither had a job nor actively sought one in the last four weeks–rose from 92,898,000 in February to 93,175,000 in March, according to data released today by the Bureau of Labor Statistics.

That is the first time the number of Americans out of the labor force has exceeded 93 million.

Also from February to March, the labor force participation rate dropped from 62.8 percent to 62.7 percent, matching a 37-year low.

Five times in the last twelve months, the participation rate has been as low as 62.8 percent; but March’s 62.7 percent, which matches the participation rate seen in September and December of 2014, is the lowest since February of 1978.

A record 12,202,000 black people were not in the labor force in March, as the participation rate for this group declined over the month to 61.0 percent, according to data released from the Bureau of Labor Statistics (BLS).

According to the BLS, the more than 12 million black people not in the labor force in March means that they did not have a job or actively seek one in the past four weeks. The number climbed from 12,122,000 in February to 12,202,000 in March, an increase of 80,000.

According to data released Friday by the Bureau of Labor Statistics, 56,131,000 million women were not in the labor force last month, an increase of more than 100,000 from February when 56,023,000 women were not in the workforce.

The level is a record high, and the labor force participation for the month of March at 56.6 percent is a 27-year low, according to CNS News. In February that rate for women was 56.7 percent.

But all you’re likely to here from the Left is that the unemployment rate was unchanged from last month at 5.5% because that’s as rosy as they can get.

Or you could be The New York Times: The yearlong streak of robust monthly job creation was broken on Friday with the Labor Department’s report that employers added just 126,000 workers in March, a marked slowdown in hiring that echoed earlier signs that sluggish business investment and punishing weather were exacting a toll on the economy.

Damn that Global Warming! 🙂

But at least the workers at McDonald’s are mad about getting a raise because it’s less than what they wanted. 🙂

Political Cartoons by Michael Ramirez
Political Cartoons by Gary Varvel
Political Cartoons by Nate Beeler
Political Cartoons by Robert Ariail
Political Cartoons by Larry Wright

The Ponzi Debt

The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover new deficit spending by the government.

During those eight weeks, Treasury took in $341,591,000,000 in revenues. That was a record for the period between Oct. 1 and Nov. 25. But that record $341,591,000,000 in revenues was not enough to finance ongoing government spending let alone pay off old debt that matured.

 

The Treasury also drew down its cash balance by $45.057 billion during the period, starting with $126,568,000,000 in cash and ending with $81,511,000,000.

The only way the Treasury could handle the $942,103,000,000 in old debt that matured during the period plus finance the new deficit spending the government engaged in was to roll over the old debt into new debt and issue enough additional new debt to cover the new deficit spending.

This mode of financing the federal government resembles what the Securities and Exchange Commission calls a Ponzi scheme. “A Ponzi scheme,” says the Securities and Exchange Commission, “is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors,” says the Securities and Exchange Commission.

“With little or no legitimate earnings, the schemes require a consistent flow of money from new investors to continue,” explains the SEC. “Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out.”

In testimony before the Senate Finance Committee in October 2013, Lew explained why he wanted the Congress to agree to increase the federal debt limit—and why the Treasury has no choice but to constantly issue new debt.

“Every week we roll over approximately $100 billion in U.S. bills,” Lew told the committee. “If U.S. bondholders decided that they wanted to be repaid rather than continuing to roll over their investments, we could unexpectedly dissipate our entire cash balance.”

“There is no plan other than raising the debt limit that permits us to meet all of our obligations,” Lew said.

“Let me remind everyone,” Lew said, “principal on the debt is not something we pay out of our cash flow of revenues. Principal on the debt is something that is a function of the markets rolling over.”

The vast amount of debt that the Treasury must roll over in such a short time frame is driven by the fact the Treasury has put most of the debt into short-term “bills” and mid-term “notes”—on which it can pay lower interest rates—rather than into long-term bonds, which demand significantly higher interest rates.

At the end of October, according to the Treasury’s Monthly Statement of the Public Debt, the total debt of the federal government was $17,937,160,000,000.

Of this, $5,080,104,000,000 was what the Treasury calls “intragovernmental” debt, which is money the Treasury has borrowed and spent out of trust funds theoretically set aside for other purposes—such as the Social Security Trust Fund.

The remaining $12,857,056,000,000 was “debt held by the public.” This part of the debt included $517,029,000,000 “nonmarketable” Treasury securities (such as savings bonds) and $12,340,028,000,000 in “marketable” Treasury securities, including bills, notes, bonds and Treasuring Inflation-Protected Securities.

But only $1,547,073,000,000 of the $12,857,056,000,000 in marketable debt was in long-term Treasury bonds that mature in 30 years. These bonds carried an average interest rate of 4.919 percent as of the end of October, according to the Treasury.

The largest share of the marketable debt–$8,192,466,000,000—was in notes that mature in 2,3,5,7 or 10 years, and which have an average interest rate of 1.807 percent as of the end of October.

Another $1,412,388,000,000 of the marketable debt was in Treasury bills, which carry “maturities ranging from a few days to 52 weeks,” says the Treasury. These $1.4 trillion in short-term Treasury bills had an average interest rate of 0.056 percent as of the end of October, according to the Treasury.

The continual rolling over of these short-term, low-interest bills helped drive over the $1-trillion mark the new debt the Treasury had to issue in the first eight weeks of this fiscal year.

The Treasury has taken out what amounts to an adjustable-rate mortgage on our ever-growing national debt.

If the Treasury were forced to convert the $1.4 trillion in short-term bills (on which it now pays an average interest rate of 0.056 percent) into 30-year bonds at the average rate it is now paying on such bonds (4.919 percent) the interest on that $1.4 trillion in debt would increase 88-fold.

But if we don’t spend more we’re going to hurt the poor, crush the middle class , steal candy from babiesand we’re racists! 🙂

Peter:  look up in the sky, what is it?

Paul: It’s $18 Trillion (16 ton weight)

and we’re Wile E. Coyote!

Beep Beep! 🙂

A New Record

The federal government has started fiscal 2015 by setting yet another record for inflation-adjusted tax revenue, while running a monthly deficit of $121.7 billion, which works out to $1050.78 in deficit spending per household in the United States.

For each $1.00 the Treasury brought in during October as it set the new record for taxes collection for that month, the federal government spent $1.57.

This continues a trend seen through fiscal 2014, which ended on Sept. 30, when the federal government took in a record $3,020,809,000,000 in revenue but still ran a deficit of $483,336,000,000.

Federal spending was 334,432,000,000 for the month. That left a deficit of $121,713,000,000.

The federal government’s $121,713,000,000 deficit for the month equals $1,050.78 per each of those households.

And that’s just in October. Imagine if YOU ran a thousand dollar deficit every single month….

The biggest source of federal tax revenue during October was the individual income tax. During the month, taxpayers forked over $106,661,000,000 in these taxes to the Treasury. Taxpayers also handed over $73,581,000,000 in payroll taxes to cover Social Security, Medicare, and unemployment insurance. (CNS)

So you’re paying more than ever in taxes, but yet the Government Beast is gorging on it like it was an appetizer before the main meal.

So When in Debt Spend Even more!

Oh, but you can’t cut even a toenail on this beast without someone (usually a Leftist) howling that your killing kids, starving grandma or just a racist!

Meanwhile, those uber rich that have been the target of so much of the class warfare from the Left (which are ignoring them anyhow):

The wealthy now have a wealth gap of their own, as economic gains become more highly concentrated at the very top. As the top one-hundredth of the 1 percent pulls away from the rest of that group, the superrich are leaving the merely very rich behind. That has created two markets in the upper reaches of the economy: one for the haves and one for the have-mores. (NYT)

So it’s having no effect on them, only you, the poor middle class schlub who is lied to constantly and manipulated every day.

Congrats, you’re a vassal and the feudal Lords demand more an more of your money just because ita what they want and what you have been manipulated into demanding.

The Sheriff  will see you know, peasant.

156325 600 Race cartoons

 

Thou Shalt Not…Part II

Bacon, the Devil’s Food!

After Being Fined and Forced to Host Gay Weddings, Christian Farm Owners Make Drastic Decision That ‘Will Likely Hurt Their Business’

I want to thank the Egotistical Liberals for their “tolerance” and “sensitivity” for ruining the “choice” for everyone because they have to feel powerful and stroke their egos!

They go looking for people to sue and be “offended” by. It gives them power.

Yeah, they stuck it to those “hateful” “right wing Christians”! And I’m sure they are damn proud of themselves!

Congrats, you spoiled it for everyone. Your “discrimination” has hurt our “choice”. Your “freedom” to have your Lawyer-on-Speed-Dial crush anyone anytime some uppity non-Gay Liberal dares to get in your way is very “diverse” and loving of you.

Some are just more “equal” than others…. 🙂

Should the government be in the business of “re-educating” its citizens to change their moral beliefs?

No. But don’t tell that to the Sanctimonious Left!

A husband and wife who were fined $13,000 and told they could not discriminate against same-sex couples after refusing to allow a gay wedding on their New York farm have announced that they will “no longer host any wedding ceremonies on their property.”

“Going forward, [Cynthia and Robert Gifford] have decided to no longer host any wedding ceremonies on their property (other than the ones already under contract),” Alliance Defending Freedom attorney James Trainor told TheBlaze in a statement.

A judge ruled earlier this month that the Giffords’ farm is a public accommodation because they rent their space out, and they therefore must abide by New York anti-discrimination law.

“Since the order essentially compelled them to do all ceremonies or none at all, they have chosen the latter in order to stay true to their religious convictions, even though it will likely hurt their business in the short run,” Trainor said.

The family will continue hosting wedding receptions, but ceremonies — which have traditionally been hosted inside the Giffords’ home on the property or at another nearby location — will immediately cease. Same-sex receptions will be allowed on the grounds.

The move comes after Jennifer McCarthy and Melisa Erwin, a lesbian couple, approached Cynthia and Robert Giffords in 2012 and inquired about holding their nuptials at the Liberty Ridge Farm in Schaghticoke, New York.

The Giffordses, who are Christian and hold the belief that marriage is restricted to one man and one woman, said the couple was welcome to hold their reception on the property, but not the actual ceremony.

McCarthy and Erwin complained to New York’s Division of Human Rights, claiming they had been discriminated against as a result of their sexual orientation.

A judge subsequently ruled in their favor, rejecting the Giffords’ argument that the family owns a private business that is legally permitted to issue such refusals.

Judge Migdalia Pares ruled that Liberty Ridge Farm is a public accommodation because it rents its space and regularly collects fees from the public. The judge said the fact that the owners live on the premises does not mean that their business is private in nature.

Pares ordered that the Giffordses must abide by anti-discrimination regulations under New York’s Human Rights Law and must pay a $10,000 fine, as well as an additional $1,500 each to McCarthy and Erwin, Religion News Service reported.

A representative for the Alliance Defending Freedom, a conservative legal firm, told TheBlaze that in addition to the fines, New York State is forcing the Giffordses to” teach classes to their employees that impose the state’s view of marriage.” Gay marriage was legalized in the state in 2011.

The Alliance Defending Freedom said the Giffordses should have the right to hold and exercise their religious views without the “threat of government punishment.”

The Giffordses and their attorneys believe that the family has been punished for taking a biblical position and for exercising their First Amendment rights.

“The government should not force anyone to participate in or celebrate an event that violates their faith and beliefs. However, that’s exactly what the state of New York has done to the Giffords,” the firm said. “The Giffords serve all people with respect and care. They have hired homosexual employees and have hosted events for same-sex couples.”

The family has not yet decided if it will appeal the judge’s decision. (The Blaze)

The Giffords must pay a $1,500 mental anguish fine to each of the women and pay $10,000 in civil damages penalty to New York State. If they can’t pay in 60 days, a nine percent interest rate will be added to that total. Like Jack Phillips of Masterpiece Cakeshop, the Giffords must also institute anti-discrimination re-education classes and procedures for their staff. (Daily Signal)

But what do I know…I’m just a “hater”…:)

Political Cartoons by Bob Gorrell

Political Cartoons by Steve Kelley

 

 

 

 

Give The People What They Want Chapter II

A Psalm of Obama
(To be sung by children, K-12, every morning of their seven-day school week.)*

The State is my shepherd,

I shall not want.

It makes me lie down in federally owned pastures.

It leads me beside quiet waters in banned fishing areas.

It restores my soul through its control.

It guides me in the path of dependency for its namesake.

Even though our nation plunges into the valley of the shadow of debt,

I will fear no evil,

For Barack will be with me.

The Affordable Care Act and food stamps,

They comfort me.

You prepare a table of Michelle Obama approved foods before me in the presence of my Conservative and Libertarian enemies.

You anoint my head with hemp oil;

My government regulated 16-ounce cup overflows.

Surely mediocrity and an entitlement mentality will follow me

All the days of my life,

And I will dwell in a low-rent HUD home forever and ever.

Amen.

*Special Note: For union workers teaching their subjects this psalm in government schools, it is to be regarded as a psalm of exquisite beauty. The main subject is the watchful care that the Government extends over its dependents and the consequent faux assurance that you must make them feel that the State will supply all their needs. The leading thought—the essential idea—is to get gullible Americans to fully believe that Big Government will provide for them and that they will never be left to want. Make certain the dumb bastards get that message, okay? (Doug Giles)

BRAVO! BRAVO BRAVO!

And speaking of entitlements…

Riding a wave of confidence after his re-election victory, President Obama is eager to collect scalps from the class war he appears to have won. Americans, Obama said in his postelection news conference earlier this month, “want to make sure that middle-class folks aren’t bearing the entire burden and sacrifice when it comes to some of these big challenges. They expect that folks at the top are doing their fair share as well.” House Minority Leader Nancy Pelosi, D-Calif., echoed this point in a fundraising pitch sent out on Monday: “Voters sent a clear message to Republicans in the election: we must stand up for the middle class and ensure the wealthy pay their fair share.”

Although Obama and his fellow Democrats repeatedly call on wealthier Americans to pay their “fair share,” they never specify what percentage of the nation’s tax burden the wealthy would have to bear. As matters stand, the top 1 percent of American households paid 39 percent of income taxes in 2009, according to the most recent data compiled by the Congressional Budget Office, and the top 5 percent of taxpayers paid 64 percent.

But income taxes, taken in isolation, do not tell the whole story, because lower-income Americans do pay payroll taxes. But even taking into account all forms of taxation, the top 1 percent still paid 22 percent of federal taxes while earning just 13.4 percent of household income. The top 5 percent paid 40 percent of all federal taxes, despite earning only 26 percent of all income. No matter how you slice the numbers, it’s hard to understand why anyone would think the wealthy aren’t already shouldering a burden commensurate with their blessings.

In the next few weeks, Obama will keep repeating this “fair share” language as part of his call to raise taxes on those earning more than $250,000 per year. He also wants to close additional loopholes and limit deductions to increase their tax burden further. But bear this in mind: On top of whatever new taxes go into effect in the deal to avert the so-called fiscal cliff, there will be additional new taxes due to Obama’s national health care law. These include a 0.9 percent Medicare tax hike for individuals earning more than $200,000 per year and couples earning more than $250,000 as well as a 3.8 percent surtax on investment income.

Moreover, even if Obama gets his way on all of his tax hikes on the wealthy, it still won’t make a dent in the $16.3 trillion national debt. Later in his term, once he has blown all of the new revenue with spending increases and goes back to this well for still more revenues, will the media let Obama get away with claiming the wealthy aren’t paying their “fair share” once again, without specifying what constitutes fairness? (WE)

Unequivocally, Yes, they will. They are drinking from the same poisoned well.

They are The Ministry of Truth. They cannot commit heresy upon their God.

For they are with God, The Almighty, and none shall pass unless they are of The Body (yes, that’s a Star Trek Reference) and you will be Assimilated (another one) or you will be EXTERMINATED! (Doctor Who) Figurative, for now.

It’s what they voted for, after all.

Big Brother is Watching You. 🙂

 

Giveaway

Still smarting from his “you didn’t build that” comment, President Obama opened another window into his far-left thinking. According to his world view, Americans keeping more of what’s theirs is a “giveaway.”

Speaking last Wednesday in New Orleans at a campaign event, Obama talked about “another trillion-dollar giveaway for millionaires” in reference to an extension of the Bush-era tax cuts.

A day later, White House spokesman Jay Carney did the same thing. He called the extension “another $1 trillion giveaway to the wealthiest Americans.”

What they are talking about is the House Republicans’ opposition to legislation approved in the Senate that would raise taxes on those earning more than $250,000 a year, a sum less than the president makes yet is somehow considered to be the mark of wealth.

As a president who has done a good job of insulating himself from anyone who would challenge him, Obama wasn’t asked to explain his statement.

But Carney was.

ABC’s Jake Tapper wanted to know what he would “say to a small-business owner who says that’s not a giveaway, that’s my money, and by the way, I’m going to need some of that money in order to help pay the health care of individuals that I’m now mandated to do?”

Tapper further said, “It’s not giving anything away; it’s allowing me to keep my money.”

It’s a straightforward question that deserves a straightforward answer.

But it didn’t get one. Carney prattled on in response, but he would not address the point, which is:

How can government officials make a moral claim on money earned by others?

Jake Tapper:

TAPPER: You used the word “giveaway,” and President Obama, in his statement yesterday, used the word “giveaway,” referring to the extension of the Bush — lower — the lower Bush tax cut rates for the — I guess, the top 1 or 2 percent of the country, people making over $200,000 a year or couples making 250. What do you say to a small-business owner who says, that’s not a giveaway; that’s my money, and by the way, I’m going to need some of that money in order to help pay for health care of individuals that I’m now mandated to do; it’s not giving anything away; it’s allowing me to keep my money?

CARNEY: Well, the phrasing of the question leaves out a few things, which is, one, this tax cut that the Senate passed and that the president supports would go to 97 percent of small businesses in America, 97 percent. Further, this president has cut the taxes of small businesses in America 18 times, independent of this. So he’s — his focus on assisting small businesses, which he considers the engine of economic growth in this country, the engine of job creation in this country, has been intense and will continue to be.

The Earth’s rotation just stopped because of the Spin… But hey, if you tell a lie often enough it become the Truth. 🙂

TAPPER: Yes, I left out people I wasn’t talking about.

CARNEY: Well, no, but I mean, your — but your question framed it around the — so you’re talking about the 3 percent here. And as we’ve noted, under the definition of small businesses that Republicans trot out when they’re insisting on these tax cuts for millionaires and billionaires means that –

TAPPER: I wasn’t talking about millionaires and billionaires.

CARNEY: No, but it means –

TAPPER: I was talking about somebody making over $200,000 a year.

CARNEY: Sure. But I mean, again, that’s 97 percent of people who file — small businesses that file taxes under the individual tax code will receive this tax cut. Many of the remaining, you know, self-described small businesses that we’re talking about, we’re talking about hedge fund managers often, and law firm partners.

And addressing those small businesses that fall in the remaining category — this tax cut goes to everybody. This is an often- misunderstood fact in reporting and, I think, just in general that giving this tax cut — extending this tax cut to 98 percent of Americans, those who make up to $250,000, means that everyone gets it, even those who make millions and billions, up to the first $250,000 of income, so that for a family — that includes everyone, OK, and including small businesses that file in this manner.

Secondly, the president — the president believes that small businesses are so important that he has dedicated a lot of energy and focus on providing tax credits and tax incentives and tax cuts to small businesses throughout his three and a half years in office.

Beyond that, he believes that extending the high-end Bush tax cuts again is something we simply cannot afford. We — you know, we’re talking about a trillion dollars over a decade. We’ve seen what happened when these tax cuts, which you may recall — you and I were covering it — were sold initially as a payback from the budget surpluses that were achieved under the Clinton administration. And then when the economy ran into trouble and those surpluses were beginning to erode, it was sold as an economic stimulus measure. And what we got was middle-class income stagnating, the slowest expansion in 50 years and an economic crisis the likes of which we haven’t seen in more than 70 years. So –

TAPPER: I’m not — the question is this: Why is it a “giveaway”? Why are you guys using — you and President Obama — using the term “giveaway” when even if you support the Senate Democrats’ bill, it’s not technically a giveaway; it is allowing people to keep the tax cut that they got in 2001 and 2002?

CARNEY: Right, but these are tax cuts that we cannot afford, that do not, by — as — by the estimates of credible, independent economists do not measurably help the economy and do not — in the way that tax cuts to working and middle-class Americans help the economy.

And you know, we have to make choices. And it is a — it is a tax cut for the wealthiest Americans that we simply can’t afford.

And the — and those who say that, oh, well, it — you know, that it’s terrible for the economy — remember, again, you and I were there and covered it. There were proclamations of gloom and doom, of economic crisis and stagnation and recession that were promised by Republicans when President Clinton instituted the tax rates that existed throughout the ’90s. And instead of everything that Republicans predicted, we got the longest peacetime expansion — economic expansion in our history. We got 24 million jobs created, so — and plenty — as the president says, plenty of millionaires and billionaires created as well.

So it’s a matter –

TAPPER: You can feel free to run on President Clinton’s record, but that’s –

CARNEY: — it’s a matter of choices. I mean, that’s what the — I think the president makes clear. We can’t afford this tax cut for the wealthiest Americans. It is a giveaway that we cannot afford. Middle-class Americans need that tax cut. Our economy needs it for 98 percent of the country.

TAPPER: Okay, I’m going to change the subject. Vice President Biden issued a rather strong statement yesterday about an unattributed quote or unattributed quotes from unnamed Romney advisers in a British newspaper. The Romney campaign’s response was that unattributed quotes should not merit a response from the vice president of the United States. And I wondered if you had any response to that.

CARNEY: Well, I’ll leave specific campaign questions to the — for the campaign to answer. I find it a little ironic, given some of the attention paid to quotes from unnamed — alleged unnamed Obama campaign advisers that have been the focus of attention on the — of the Romney campaign.

What I can say is that the record here is what matters. When this president came into office, our alliances were under strain and frayed; our standing in the world had been diminished. In the three and a half years that President Obama has been in office, he has strengthened our alliances around the world, including and in particular with NATO countries and including and in particular with the United Kingdom, with whom we have a remarkably strong bond, a special relationship that has never been stronger. And you know, I’ll leave the back-and-forth to the campaign.

But let’s talk about policy and fact here. And I would note that in that article in question, again, as a matter of policy, the only difference that I could tell, aside from the quote that’s gotten a lot of attention that was focused on, was the need to — you know, that the only difference in policy proposals that seemed apparent were that we should move a bust from one room to another in the White House. And that was a principal policy difference, which is pretty preposterous.

This president has strengthened our alliances; he has built up American credibility around the globe; he has kept his commitments to end the war in Iraq, to take the fight to al-Qaida, to wind down our war in Afghanistan, to rebalance our focus towards Asia, which was neglected in the eight years prior to President Obama coming into office. And he is meeting all those commitments.

BS OVERLOAD!

The public needs to be clear about how this administration and many Democrats think. It’s more than a big-government mindset. It’s a government-is-god mentality.

The idea that government owns all and has the authority to manage everyone’s life is corrosive. The president doesn’t think that individuals should be recognized and compensated for their business success.

He wants to take them down a few notches and diminish and socialize their achievements. That’s neither a plan for prosperity nor an advancement of human dignity.

The language is as disturbing as it sounds. It is not consistent with deeply cherished ideals of American freedom. It is not democratic. It is not republican. It is primitive, tribal, backward, regressive. It hearkens back to an earlier age in which monarchs ruled absolutely and, as well, a more recent era of totalitarian governments.

The language itself is also dangerous. What kind of society would we have if the government indeed owned everything? What sort of economy would that produce? Imagine the quality of life under such an arrangement.

Actually, we don’t have to use our imaginations. All we have to do is look at Cuba. North Korea. The Soviet Union. East Germany. Maoist China. Murderous failures all.

No, we’re not saying that the administration wants to use those nations as models for a transformed U.S. We’re merely pointing out that, taken to its logical conclusion, the idea that government owns all will produce a totalitarian system.

It can’t be any other way.

Americans should be deeply offended that anyone would categorize the act of keeping one’s own money as a giveaway. And they should be profoundly alarmed when policymakers and their aides hold that view because they can turn their beliefs into oppressive law.

Remember, government creates neither wealth nor jobs. It has to take everything that it owns, and that requires force — real or implied.

Obama was elected in 2008 on a platform of hope and change. The promises sounded good to many even if they were not defined.

Now those terms have taken shape — unmistakably and unsettlingly so.

If a government that owns all is the change Obama promised in 2008, and it becomes the dominant governing philosophy of this country, then there’s not much hope left. (IBD)

Giveaway. That’s your Money. And you need to give it away to the government. After all, they are so vastly better and morally righteous in spending it than you are. 🙂

So give it up!