Obamanomics Down the Drain?

America’s entitlement spending is so out of control that even the Obama administration no longer tries to deny this fact. Instead they are trying something truly Orwellian. They are claiming – after printing trillions out of thin air – that fiscal responsibility dictates that we spend more money. This is like an alcoholic explaining that the only cure consists of raiding an entire 7-Eleven beer cooler.

This “up is down, left is right” strategy is not particularly suited for our Vice President. He already has a well-known penchant for letting his mouth blurt out things that his brain really should have censored. Sometimes it’s racist jokes. Other times he’s asking paraplegics to stand and be recognized. This time he’s giving us Obamanomics in single sentence (CNSNews):

We have to go spend money to keep from going bankrupt.

If that sounds silly to you the reason is simple: it is silly. Although at least Biden does have one thing right. We are going bankrupt. The Director’s Blog (of the nonpartisan Congressional Budget Office) states the case plainly:

Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run.

So far so good. Sounds like a crisis, right? And nothing makes Rahm Emanual grin his “I’ve got my fingers in your wallet grin” quite like a crisis. The problem is that the CBO goes on to state:

Keeping deficits and debt from reaching these levels would require increasing revenues significantly as a share of GDP, decreasing projected spending sharply, or some combination of the two.

It doesn’t get much simpler than this. Spend less money, or make more money. The problem with making more money is that raising taxes further will lower economic recovery, and result in less revenue after all. Which means the only solution is to spend less.

And that’s where the fairy tale of Obamanomics comes in: if we throw money into an inefficient bureaucratic quagmire somehow more money will come back out. It’s the third-way. The solution that says “We don’t have to give up anything! We can all have better health care for less money!”

And it’s a load of malarkey.

The same CBO blog linked above includes this rather subtle line:

Rising costs for health care and the aging of the population will cause federal spending to increase rapidly under any plausible scenario.

Translation? Spending money to save money on health care will not work. CQPolitics.com summarized the CBO’s report this way:

The health care overhauls released to date would increase, not reduce, the burgeoning long-term health costs facing the government.

The obvious fact that Obamacare is going to cost more money, not save money, is leading to rebelliousness among the Democratic ranks. Yesterday NASDAQ.com ran an article about Democratic Representative Mike Ross. Described as a “centrist”, Ross is somewhat of a fiscal conservative. And this is what he had to say about Obama’s spending spree on health care:

Last time I checked, it takes seven Democrats to stop a bill in the Energy and Commerce Committee. We had seven against it last Friday; we have 10 today.

This means that Ross and the other Blue Dog Democrats are increasingly willing to come out publicly against Obamacare. Ross may be a Democrat, but he’s from Arkansas not Massachusetts. What’s more, he and other Democrats are reading the polls that show how concerned Americans are with deficits and debt.

Today the Associated Press came out with an article bearing the ominous headline: Obama losing some support among nervous Dems. Two additional Democrats are quoted in opposition to the plan:

Conservative House Democrats are balking at the cost and direction of Obama’s top priority, an overhaul of the nation’s health care system. A key Senate Democrat, Max Baucus of Montana, complains that Obama’s opposition to paying for it with a tax on health benefits “is not helping us.”

Another Democrat, Rep. Dan Boren of Oklahoma, tells his local newspaper that Obama is too liberal and is “very unpopular” in his district.

The Democrats have a good reason to be nervous:

Obama continues to be comparatively popular. But now recent national surveys have shown a measurable drop in his job approval rating, even among Democrats. A CBS news survey out this week had his national approval rating at 57 percent, and his standing among Democrats down 10 percentage points since last month, from 92 percent to 82 percent.

All of this brings us back to our original quote. Everyone knows that if you don’t have enough money to pay your bills and your in credit card debt up to your eyeballs and you’ve already taken out a second mortgage it’s not a great time to buy a brand new car because you think it will save you on gas mileage. It won’t work.

And neither will printing trillions more dollars to pay for health care reform that won’t improve health care and won’t lower costs.

The CBO knows it. Republicans know it. Democrats know it. And Americans know it.

The politicians are starting to feel fear again.

That’s the way it should be.

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Comments

  1. Gail B says:

    Would somebody please introduce legislation that REQUIRES the policy makers to undergo mental examinations to determine whether they are of sound mind or flipping insane?

    Biden, bless his pointed little head and drying up brain, absolutely amazes me. (I mean, he makes folks like me look plumb smart!) The problem with Biden, though, is that if Obama were to cease being (called) president, Biden would possibly be the one to step into the White House (depending on what gets Obama out of the picture).

    What infuriates me, though, is that most people under the Dome think that everybody in America has even less intelligence than THEY do!

    I emailed my Senators tonight and one of the emails came back–mailbox full!

  2. Anonymous says:

    I won't believe it until a ruling is made on the definition natural born citizen. For that to happen, more people need to realize where the problem is and speak out about it. Once removed from office, there will be a big mess to clean up.

    It won't be easy, but it never is when it's worth it.
    —-
    verification: nowis (just sayin')

  3. Dr. L. B. Paint says:

    CAUTION: Don't believe the charade of discontent among Democrats. There's no such thing as a Conservative Democrat… There is such a thing as a Democrat being elected from a somewhat Conservative district, however. It's about the election stupid!

    I understand that we Conservatives are looking under every rock seeking for some sort of hope, especially since we know that the Republican Party is unwilling to mount any meaningful opposition to the Obama regime's tyranny…

    History has demonstrated that the "Blue Dog" ruse is designed only to placate the less-leftist, simple-minded voters from the more conservative districts. The Dems know that without those districts, their majority will erode.

    But c'mon! Hoping that the Blue-Dog Democrats will save us is akin to hoping that Hitler will rescue the Jews…

    No! The Blue-Dog Dems won't save us. The RINOs won't save us. The Republican Party won't save us. Our only hope is regime change; since that depends on *us* to take action, I wouldn't hold up hope in that either. See, Conservatives are just as bad as the evil men and women who got us into this mess: by doing nothing, we are part of the problem!

  4. Bodenzee says:

    I no longer believe that we can save ourselves from our government. Gail worries about Biden ascending to the presidency, just think about the next in line…Pelosi.

    But, even worse, the Republicans are happy to be led by Michael Steele. Now there's a dynamic, inspirational and motivating leader.

    We're doomed.

  5. Anonymous says:

    albeit it slowly we take what we can get as more democrats are FINALLY waking up to the nightmare of obama…. 'bout darn time!

  6. Anonymous says:

    taliban has released video of PFC. BOWE R. BERGDAHL… HE IS 23 YEARS OLD AND HE IS FROM KETCHUM, IDAHO….

    meanwhile group with ties to terrorists are meeting this weekend in Chichago, Illinois – - just why did they pick Chicago? feel comfortable there? and why?

    Hizb ut-Tahrir is a global Sunni network with reported ties to confessed 9/11 mastermind Khalid Sheikh Mohammed and Al Qaeda in Iraq's onetime leader Abu Musab al-Zarqawi.

    this group is banned in Russia and Germany as well as many other countries but free to plan at the Hilton in Chicago, llinois?

  7. Anonymous says:

    Gail B said…
    Would somebody please introduce legislation that REQUIRES the policy makers to undergo mental examinations to determine whether they are of sound mind or flipping insane?

    -=-=-=-=-=-=-=-
    we erred when we did not demand to have more than a synopsis of obama's medical records.

    he slipped that one right by us and no one held his feet to the fire – - another failure of John McCain (and i am sure if he had given Palin more rope she would have addresssed it the same way she attacked the Rev.Wright thing that everyone else stayed away from.) No wonder they are terrified of her… when she comes into town she will come with guns-a'blazin.

    logically i can be 100% wrong. but if feel 99% sure obama's medical records speak of mental imbalance to some degree or that he suffered mental issues in the past (that is not to say that a person cannot survive and be cured of such things but in obama's case i feel convinced he has mental issues he did not sucesfully concur.)

  8. Anonymous says:

    there is so much to be gaines if obama can be declared a USURPER (one who lacks the credentials, such as a birth certificate to be president). i dont kno why we are not going after that angle more vigorously.

    this position will give us the ability to rescind most of obama's ridiculous decisions.

  9. Anonymous says:

    in my opinion,
    THE BIGGEST INSULT is even more thatn the definition of the Law but that a POTENTIAL presidential candidate would outright and KNOWINGLY LIE about his KNOWN circumstances of birth and that he INTENTIONALLY AND KNOWINGLY broke the law which he is suppose to represent as Leader of America.

    just this alone tells you to flush this man down the toilet for such a blatent LIE!

    IT IS WHAT DIGUSTS ME ABOUT OBAMA MOST.

    moreover recent research has shown that this multiple name thing is not new to obama… apparently, his mother also went by three or four different names?

    [Stanley A. Dunham is also Kelly A. Dunham and Patricia A. Dunham. Patrcia A. Dunham registered a business (block from where Madelyn is said to have lived) called "Dunham Enterprises"]

  10. Gail B says:

    I don't worry about Biden becoming president, because even a half wit is better than Mrs. Marxism.

    In my opinion, it spreads the question about eligibility if we put something about it at the bottom of our emails, like the billboards by WND on the highways.

    This is at the bottom of mine:

    Who has DUAL CITIZENSHIP and is NOT A NATURAL-BORN CITIZEN?

    "Americans grew tired of being thought of as dumb by the rest of the world, so they went to the polls and removed all doubt." –Unknown

    "We have to go spend money to keep from going bankrupt." — VP Joe Biden

    IN GOD WE TRUST

  11. Gail B says:

    How about "OBAMA DOWN THE DRAIN" ?!

    I received this from –let's just say "somebody" who forwarded an email detailing what happened in court on July 13 with Orly Taitz:

    "Today (July 13, 2009), at the Federal Superior Court in nearby Santa Ana, CA, to give prayer support (along with some others, I later discovered), I attended the presentation by Dr. Orley Taitz, Esq., of the reasons (in the case Alan Keyes v. Barak Obama) why Barack Obama should be forced to supply justification for his claim of being a "natural born" citizen as demanded by the Constitution of the United States — or vacate the Oval Office. Dr. Taitz is one of the leaders in bringing cases to court to get Barak Obama held to account for his refusal to submit to the Constitution which he swore to defend. But I had no idea that we were going to be treated to American courts at their best. It was a mandatory legal event, with Obama or his representing attorney required to be there. There have been many of these court hearings, and in most, if not all, Obama has refused to attend or send a representing attorney. He had, as Orley Taitz said, stonewalled the whole procedure many, many times, and, so far as I know, has not yet been successfully called to account. Obama, of course, does NOT WANT his day in court — which is about getting the truth of a matter — living in the light. Light and clarity are the last thing he wants, if his outrageous behavior is any indication — shutting up relevant aspects of his life from public view, including where he was born. Obama lives in the darkness, not in the light. Subversion of truth is always a sign of spiritual warfare between good and evil (see Romans 1:18 ff.). A man was there who made some remarks, but not in legal representation of Obama, only, I suppose, in some strange way representing Obama's legal team. Taitz made the first comments, about how Obama had indeed stonewalled the whole of the legal proceedings against him. This he has donewith enormous sums of money paid to legal stonewallers. She mistakenly got off onto the "merits of the case", which were not yet relevant until the procedural issues had been addressed, and was cautioned about that by the judge, the Honorable David O. Carter. Taitz had no doubt been burned by the many times she had been stonewalled, and was perhaps expecting it to happen again — and so tried hard to stick to her plan of action. But the judge, right from the start, indicated that he was on the right side of the issue — that is, he wants to get at the truth of the matter. He is a very friendly and engaging man, no nonsense, and will reprimand either side of the contest when they get off track. He said — either Obama is or is not president, and that the case needed to be brought to court to make that determination. He was prepared to do that, and encouraged Taitz to take him up on his offer. Carter did not seem in the least intimidated at the thought of calling a (supposed) president to account. Carter asked Taitz why the case had not been filed in Washington, DC, to which Taitz replied that it had been, but that it has mysteriously disappeared from the Supreme Court docket. Carter said that the quickest way to get on with resolving the matter would be for Taitz to go ASAP downstairs to resubmit the case there in (whatever the office was). Then the case would quickly come before him, and he would make absolutely sure that there would be no stonewalling. The case would be tried on its merits."

    Orly didn't quite get it, but finally did, and then went downstairs and refiled the suit that had disappeared from the Supreme Court docket.

    There are some links in the email, but I haven't taken the time yet to check them out. I wanted to give this thread's readers this bit of wonderful news first.

  12. Gail B says:
  13. Larry Walker Jr says:

    I don't know why we would even be considering another costly bill at this point in time. Sounds like Obama's living in a glass bubble.

  14. Anonymous says:

    thank you Gail on the status of the Orley Taitz-Keyes situation… great and encouraging news…. it sounds like a serious beginning at last.

    continue praying.
    what seems impossible with man is possible with God.

  15. Anonymous says:
  16. Gail B says:

    Just received this:

    Senator Jim DeMint has called us to action, asking for 30% of Americans to take to the street. Today he went further:

    Conservative leaders will push delay any vote on health care reform until after the August recess to capitalize on what they say is a growing tide of opposition to reform measures, they said on a conference call with “tea party” participants today.

    “I can almost guarantee you this thing won’t pass before August, and if we can hold it back until we go home for a month’s break in August,” members of Congress will hear from “outraged” constituents, South Carolina Senator Jim DeMint said on the call, which was organized by the group Conservatives for Patients Rights.

    “Senators and Congressmen will come back in September afraid to vote against the American people,” DeMint predicted, adding that “this health care issue Is D-Day for freedom in America.”

    “If we’re able to stop Obama on this it will be his Waterloo. It will break him,” he said.

    The founder of Conservatives for Patients Rights told the 104 participants in the call, which was organized to coincide with the National Tea Party Patriots group’s protests at the offices of members of Congress today, that polling suggests majorities oppose a “government take-over,” which is how Scott’s group casts the Obama plan.

    Rep. Mike Pence, also on the call, also said the tide is turning.

    “Every single day more dems are expressing opt to government-run health care,” he said.
    —————————

    There's a link–will be right back with it. -Gail
    Word to verify – "rednes"

  17. Gail B says:

    Here's the link that came with the message from Senator Jim DeMint:

    http://www.resistnet.com/main/authorization/signIn?target=http://www.resistnet.com/forum/topics/action-alert-senator-jim

    It's the page to log in or sign up to http://www.resistnet.com site (forum/topics/action-alert-senator-jim). Log in or sign up, and you can get to it and read the comments.

  18. Robert Wallace says:

    Gail B – I don't know about the truthfulness of the Demint call to protests. I googled it and all the sources I found were small, independent, activist sites.

    Let me know if you find any mention of this somewhere mainstream?

  19. Still a Patriot says:

    Hi Robert -

    I have a question – what is the purpose of the CBO? Is anybody listening to them???

    Susan

  20. Gail B says:

    The Congressional Budget Office is to advise Congress on the cost of legislation. It is nonpartisan.

    Yes, people are listening, but Obama/Soetoro isn't. The White House Budget Office gives MUCH lower figures because they provide a better sales pitch.

    Many people do not realize that they are two separate entities. The CBO gives more accurate figures; the WH's OMB (Office of Management & Budget) issues propaganda.

  21. Gail B says:

    Robert, re your question about Senator DeMint–Obama quoted him this afternoon on Fox News–what DeMint said in his Call to Action mentioned above.

  22. Anonymous says:

    Gail, you do great stuff.
    i and i am sure others appreciate you. Thanks.

    runnador

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