Sunday, August 07, 2011

Obama is running the highest deficits since WWII, and Axelrod blames...the Tea Party

Yeah. Nobody in that God-forsaking administration will ever admit that it's spending, not the fact that we don't rape enough pocketbooks. But what can people expect when a plurality feel "entitled" to create a political monstrosity that's empowered to take the property of others? The beast produces nothing on its own, so it never has to feel obliged to control its appetite.

Look at the budget projections and the unjustified optimism that, for example, we'll get a $535 billion jump in revenue from 2012 to 2013. Tax revenues will more than double in the next 10 years? These are using the same methodology by which the CBO projected budget surpluses for years after 2000: assume rosy economic growth for perpetuity, act surprised when tax increases don't yield expected revenue, and malign anyone who believes in keeping the fruit of his own labor.

Let's put the budget scenario in visual terms. It took me no time to make after copying and pasting the CBO's data into OpenOffice, but apparently the CBO couldn't be troubled (or didn't want to make the situation more obvious).

And Obama had the audacity to claim the other day about this "debt ceiling bill" lie, "It's an important first step to ensuring that as a nation we live within our means."

"Before we ask college students to pay more for their education, let's ask hedge fund managers to stop paying taxes that are lower on their rates than their secretaries." Here's a free clue for Obama: hedge fund managers pay far more in a year than a lot of people pay in their entire lives, because of students who think they're entitled to free things, then cry when jobs don't fall into their laps.


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