Post by Hoosier Hillbilly on Jan 8, 2014 13:40:49 GMT -5
After $4M Vacation, Obama Talks Income Inequality
Millionaire Obama: I Hate Income Inequality (Truth Revolt) – Back from his $4 million Hawaii vacation ( compliments of American tax payers), President Barack Obama seems poised to sound the populist trumpet in an effort to turn the page on 2013’s disastrous Obamacare rollout. Many pundits are speculating that Obama, seeing the popularity of liberal populists like New York City Mayor Bill DeBlasio, will […] GOOGLE IT!
Government stimulus spending, paid for by running up the federal credit card, is why we have the never-ending Great Recession, though the left keeps fantasizing that spending “saved us from a second great depression.”
But the best evidence of his shrinking agenda is the trend in federal spending. It’s falling, and not at a trickle.
Many Americans who have sucked up the Keynesian vapors floating around in the ether cannot imagine that government spending actually hurts the economy. But we would love for the government-as-stimulus crowd to explain how government spending versus unemployment ... The more the government spends as a share of GDP, the more Americans are out of work as a share of the labor force.
None of this is to say that Mr. Obama isn’t still inflicting harm on the economy. He is. If it hadn’t been for his insistence on higher tax rates on everything that walks, crawls, swims, flies, or digs, our economy would be soaring. The president’s regulatory assault, which is now estimated to cost about $1.5 trillion a year and includes new heightened efforts to regulate utility and industry carbon emissions, could do severe damage to the efficiency and competitiveness of U.S. businesses. Entitlement programs remain on automatic pilot as they surge full-speed toward the cliff of bankruptcy. The Congressional Budget Office calculates that these programs will grow by almost 50 percent over the next decade. Obamacare alone is scheduled to add more than $1 trillion of new spending over the next decade.