Todayt President Obama unveiled his proposed budget. Supporters say it makes a trillion in cuts over the next 10 years.
But here is what they are not telling:
1) Spending is to be frozen at current levels - the same level that got us into this mess. To put this in perspective, think about what would happen if your family were to start spending 5 times more than it earns, and when you get too far into debt you declare, "We will freeze our spending at that level." At 5 times what you earn.
2) Every penny - literally EVERY penny - of Obama's cuts are to be spent on other projects. So not a single penny gets saved. There is a vast gulf between cutting spending and then SAVING that money. And Obama is unwilling to cross that gulf. Cuts to pell grants, defense etc. would immediately be spent on things like high-speed rail.
The purpose of CUTTING spending is to SAVE money and reduce the deficit and debt. To cut spending and then spend it elsewhere makes no sense at all.
And lest we overlook it, Mr. Obama is also proposing tax increases in his budget - the same increases that were rejected by the Democrats in the last congress for being dangerous to a fragile economy, and are also opposed by the new republican congress.
* Freeze spending at the current highest spending rate in history.
* Raise taxes in a fragile economy
* Cut spending, but blow the savings on other spending
The economic policy of this administration is insane. Unless, of course their true objective is one-world, global governance. And Obama has already stated that to be the goal. So think about this - in order for there to be a global government, all countries must be at the same level. And that can only happen if America gets cut down quite a bit. In order for all nations to be equal, the wealth of rich countries must be distributed among the poor nations. Capitalism must become a casualty.
Redistribution of wealth only begins with individuals and families, but does not end until it applies to nations as well.
/
No comments:
Post a Comment