…And Then There’s The Truth
I want to start by saying that I WASN’T going to write about the President’s speech, I wasn’t going to write about the DNC at all. But now I’m kinda glad I am. First, you should know I watched more of the DNC than I did the RNC. They used smaller words, so it was easier for me to understand. And it was a relief that, in the times I was watching, no one mentioned the 16 trillion dollar debt once. And, now that I think about it, I didn’t hear anyone mention the 42 months of over 8% unemployment, or the record 46 million Americans on food stamps. Judging by the “Four more years” chant, the Democrats obviously feel we are better off with this President. Wait a minute. Maybe they were chanting about how much longer President Clinton’s speech would go. Speaking of Clinton’s speech, it was obviously the best of the convention, I noticed it was laced with a LOT of history re-writing.
The only thing I intended to write about Obama’s speech I put as my Facebook status.
I know!! Look at that face. I was adorable, wasn’t I?
I was going to let it stand at that, but then…Well, I guess it doesn’t matter.
First off, President Obama’s speech was well delivered. The man can talk. That being said, it was full of crap.
In his speech Obama said, “I’ll use the money we’re no longer spending on war to pay down our debt and put more people back to work, rebuilding roads and bridges, schools and runways. After two wars that have cost us thousands of lives and over a trillion dollars, it’s time to do some nation-building right here at home.”
Wait a minute. That money is borrowed money. Borrowed. Can someone explain to me how you can “save” money that doesn’t exist? It sounds to me as if he plans on continuing spending money we don’t have. Or am I missing something?
Let me give a hypothetical. Let’s say you are married to someone who loves to purchase things like…oh…I dunno, let’s say platters/dishes. Let’s say she has 41 sets. Not the holiday sets she stores out in the garage, but 41 sets in the house. You tell her she has to stop spending money on dishware. She agrees, and is excited to “save money.” You look at the balance sheet at the end of the month and you are still over spending. You ask her if she is still spending on dishware. She says, “No. The money I’m saving by not buying dishware, I’m spending on shoes.”
That truly is not a personal example. And that is EXACTLY what the Democrats are proposing.
Quick side note: As you know, I’m no mathematician. I sucked at math in high school and have gotten progressively worse. So if someone could verify this for me I would appreciate it. As best as I can figure, Obama has been President for 1.6% of the time since we declared our independence. Yet he has incurred 33.6% of our total debt.
Is that right?
Obama also claims to cut the debt by $4 trillion dollars. Really? According to The Daily Caller, “…the committee Republican staffers (suggest) the $4 trillion deficit reduction claim relies on three accounting gimmicks, namely applying $2.1 trillion saving in the Budget Control Act, claiming $843 billion in saving from war spending that was not going to be spent in the first place, and $394 billion based on the assumption that there will be a Medicare reimbursement “doc fix.”
“When properly counted, $4 trillion in new alleged deficit reduction becomes less than $400 billion. There is no policy change to alter our disastrously unsustainable path.”
Obama then went on to talk about manufacturing. He claims, “We can help big factories and small businesses double their exports, and if we choose this path, we can create a million new manufacturing jobs in the next four years.”
But the truth is manufacturing has lost over half a million jobs with him as President. And exactly what is his plan for doing that?
“And now you have a choice: We can give more tax breaks to corporations that ship jobs overseas, or we can start rewarding companies that open new plants and train new workers and create new jobs here in the United States of America.” We have the highest corporate tax rate in the world. The world. That alone is making business flee overseas. Maybe that is what the President intends to export.
The NY Daily News says, “Republican presidential candidate Mitt Romney’s proposal is actually aimed at encouraging investment in the U.S., not overseas. The U.S. currently has a global tax system that is filled with credits, exemptions and deductions that enable many companies to avoid U.S. taxes and provides an incentive for corporations to keep their profits in other countries. Whether Romney’s plan would spur investment in the U.S. is debatable, but it’s not a plan aimed at dispersing profits abroad.”
I could go on. But really I need to stop. I’m repressing my anger in the hope that one day I will be able to fuse the old bar of soap to the new bar of soap with nothing but blind rage. If you have time the following are great articles on the subject.
LIFEZILLA: I could write timely articles like the other guys. Of course I could tattoo beautiful pictures of unicorns on my buttocks, but I’m not going to do that either.