More Americans Sober Up, and More and More Americans Have Their Priorities Right [Update]
By Bronwyn's Harbor on August 8, 2009 at 6:40 AM in Current Affairs
(bumped up from early Thursday morning)
One of the latest to express regrets is Chris Ann Cleland who fears her vote for Obama was a “mistake.” State Democratic candidates dance around questions about Obama’s programs, fearing voters will be turned off if they vocalize any support for Obama’s expensive health care reform and cap-and-trade bills. UPDATE: Obama and his ‘bots can no longer blame the previous administration, as explained in this CBS News article, “$1 Trillion More in Debt Since Obama Took Office“ (see more at end of post).
On Wednesday, along with the frightening report that federal tax revenues will drop by 18% — the largest drop in federal tax revenues since 1932 — Rasmussen Reports released this poll that takes the pulse of ALL Americans: “71% Say Obama’s Policies Have Driven Up Deficit,“:
Seventy-one percent (71%) of U.S. voters say President Obama’s policies have increased the size of the federal deficit. [...]
Eighty percent (80%) of investors say Obama’s policies have driven up the deficit. … [...]
A plurality of voters (37%) say cutting the federal deficit in half in the next four years is number one among the four priorities the president listed … but 66% view it as the goal he is least likely to achieve.
Eighty-one percent (81%) of voters now say the bigger problem for the United States today is not voters’ unwillingness to pay enough in taxes but is instead the unwillingness of politicians to control government spending. …
One doesn’t need to be a Nobel Prize-winning economist to figure out that if unemployment is high, income tax revenues will drop and the national deficit will jump.
The average American may not have all of the following numbers at their fingertips, but they are sufficiently aware to know that our country is in financial peril.
- “[T]he federal deficit is projected to reach a record $1.8 trillion this year, as the national debt tops $11 trillion.” (The Examiner)
- “The U.S. Treasury plans to sell a record $75 billion in its quarterly auctions of debt next week and indicated plans to expand inflation-indexed securities next year as it finances unprecedented budget deficits. …” (Bloomberg)
- “Individual income tax revenue is down 22 percent and corporate income tax receipts have fallen 57 percent compared with 2008, according to the Associated Press. … The federal government’s tax revenue is expected fall 18 percent this year, the biggest annual decline since the depths of the Great Depression, according to an analysis by the Associated Press.” (The Examiner)
These are but a few of the numbers that tell the story. Please add MORE in your comments.
So, it’s a no-brainer to think that adding to the deficit by spending over a trillion dollars on health care “reform” and cap & trade program that will cost more jobs should all take a back seat until the nation’s and world’s economies are back on track.
As Linda pointed out below, we need jobs, jobs, jobs FIRST before the President and Congress embark on any new programs that will increase our national debt. I will add that these jobs must pay a decent wage and be full-time to have a beneficial effect on the economy.
Jobs create tax revenue which create etc., etc., etc., … it’s all quite elementary, isn’t it.
But Barack Obama doesn’t want to wait for the economy to improve. He just wants to spend money that the nation doesn’t have and will have to borrow or create.
And, Barack, one small $2 billion program announced in Elkhart, Indiana doesn’t begin to touch the economy’s woes. I guess you realized you needed to stop talking about your health care program 24/7, but you need to do a hell of a lot more than yesterday’s speech and TOKEN program that will take a long time to set up before it can begin to infuse Elkhart with more jobs and revenues.
UPDATE CONTINUED: Here are details on the UPDATE in the first paragraph, from this CBS News article, “$1 Trillion More in Debt Since Obama Took Office“:
So rapid is the pace of deficit spending by the federal government, that the National Debt has increased over a trillion dollars since President Obama took office.
On Inauguration Day, the Debt stood at $10.626 trillion. The latest posting from the Treasury Department shows that as of July 31st, the debt hit $11.669 trillion.
During the last administration, it took over 2 ½ years for the National Debt to increase a trillion dollars. [Bronwyn's Note: OBAMA has managed to exceed a trillion-dollar increase in six months, not 2 1/2 years.] But by the time former president George W. Bush left office, he had run up the deficit by a record amount: $4.9-trillion over eight years.
[...]
He said the administration doesn’t think it can get the deficit under better control until it gets the economy moving again – and Mr. Obama believes health care reform is an indispensable part of that strategy.
[Bronwyn's questions:BUT HOW WILL HEALTH CARE REFORM REDUCE THE DEFICIT? HAVE ANY OF YOU READ AN ADEQUATE EXPLANATION FOR THIS THEORY? AND CAN ANYONE -- INCLUDING PRESIDENT OBAMA -- POINT TO A SINGLE NEW FEDERAL PROGRAM THAT REDUCED THE DEFICIT?]
The budget numbers issued by the Administration in May project the deficit in the current fiscal year will top $1.8-trillion dollars. But an updated report is due this month, and an even larger deficit is expected to be announced for the current fiscal year, which began October 1st – 3 ½ months before Mr. Obama was sworn in.
[...]
“We’re not going to make progress on the deficit without dealing with health care,” said spokesman Robert Gibbs today.
He said the administration doesn’t think it can get the deficit under better control until it gets the economy moving again – and Mr. Obama believes health care reform is an indispensable part of that strategy.
[Bronwyn's question, again!: I HAVE TO ASK: HOW IN THE HELL IS THE DEFICIT GOING TO BE REDUCED BY OBAMA's HEALTH CARE PLAN? HOW???]
Read more of CBS White House Correspondent Mark Knoller’s report.


















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