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Political News and Commentary from the Right

More “Chains you can believe in”

Last week we told you about the drastic increase in individual tax receipts included in President Obama’s proposed budget. This week we dug a little deeper and found more interesting numbers the President isn’t mentioning in his rhetoric.

The following charts relate data from the White House Office of Management and Budget’s Summary Tables for Obama’s proposed budget.

Last month, Democrats in the US Senate voted to raise the national debt limit to $14.3 TRILLION–a 15% increase over the current $12.4 TRILLION. But the following two charts show President Obama plans on many more such increases over the next 10 years. In fact, his budget anticipates the national debt will grow to almost $25 TRILLION by the year 2020. Even worse, his plans include taking on more debt than the total output of the economy by 2013! The debt to GDP ratio stood at 83% last year, but the economic genius residing in the White House intends to take it to 105% by the end of the next decade!

It’s also obvious from the preceding charts that President Obama’s talk of cutting the deficit is nothing more than hollow rhetoric. President Bush’s last deficit was around $450 billion. Obama is projecting the smallest deficit over the next 10 years to be more than $700 billion. And his budget predicts a return to TRILLION DOLLAR DEFICITS by 2020!

What’s worse, his projections depend on drastic increases in taxes and extremely optimistic growth in GDP. So the actual numbers are very likely to be worse than he’s predicting.

Another great graphic that points out just how dishonest the President’s rhetoric is comes via The Heritage Foundation. They’ve put together the following chart that shows the difference in OMB’s projections and the Congressional Budget Office’s baseline. The most interesting thing about this comparison is the fact the CBO’s baseline projections are based on current policies and laws, while the President’s projections take into effect his proposed changes in those policies and laws.

In other words, if Obama would leave things as they are, we could expect the CBO’s numbers to be right. But the chart below shows his proposed changes will actually INCREASE the deficit in every one of the next 10 years!

For the President to attempt to sell his budget as one that cuts the deficit is nothing less than outright deceit! The yoke of debt each and every one of us is burdened with becomes heavier with every word Obama reads off his teleprompter.

The National Debt Clock estimates every man, woman and child in the US currently shoulders a share of the National Debt equal to $40,128.80. Assuming the Debt Clock’s estimate of the current US population is accurate, and an annual population growth rate of 3% over the next 10 years, each citizen’s share of the National Debt will grow to $64,182.19 under Obamanomics by 2020.

Obama promised “Hope & Change” on the campaign trail. But his changes are destroying hope and binding us with chains of debt!

February 9, 2010 Posted by | Economy | , , , , , , , , | 2 Comments

Obama Will Spend More on Welfare in the Next Year Than Bush Spent on Entire Iraq War, Study Reveals

(by Fred Lucas, CNSNews.com) – As a candidate for president, Barack Obama decried the financial toll that the Iraq war was taking on the economy, but Obama’s proposed spending on welfare through 2010 will eclipse Bush’s war spending by more than $260 billion.

“Because of the Bush-McCain policies, our debt has ballooned,” then-Sen. Barack Obama told a Charleston, W.V., crowd in March 2008. “This is creating problems in our fragile economy. And that kind of debt also places an unfair burden on our children and grandchildren, who will have to repay it.”

During the entire administration of George W. Bush, the Iraq war cost a total of $622 billion, according to the Congressional Research Service.

President Obama’s welfare spending will reach $888 billion in a single fiscal year–2010–more than the Bush administration spent on war in Iraq from the first “shock and awe” attack in 2003 until Bush left office in January.

Obama’s spending proposals call for the largest increases in welfare benefits in U.S. history, according to a report by the Heritage Foundation, a conservative think tank. This will lead to a spending total of $10.3 trillion over the next decade on various welfare programs. These include cash payments, food, housing, Medicaid and various social services for low-income Americans and those at 200 percent of the poverty level, or $44,000 for a family of four. Among that total, $7.5 trillion will be federal money and $2.8 trillion will be federally mandated state expenditures.

In that same West Virginia speech last year, Obama said, “When Iraq is costing each household about $100 a month, you’re paying a price for this war.”

The Heritage study says, “Applying that same standard to means-tested welfare spending reveals that welfare will cost each household $560 per month in 2009 and $638 per month in 2010.”

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November 13, 2009 Posted by | Obama | , , , , , | Leave a comment

New Obama Foreign Policy: Abandon Eastern Europe

Today President Obama took another great leap toward destroying the security of America and her allies when he abandoned a planned missile defense system in Eastern Europe. Planned installations in Poland and the Czech Republic are being abandoned.

I’m no longer sure his actions are the result of the naivete I once believed. His recklessness in exposing our nation and our interests to the dangers in our world reeks of a far worse odor than that of naivete. I’m about ready to concede that his irresponsible actions are part of an elaborate plan to destroy our superpower status and dismantle the structure of our society.

His inaction to the threats and belligerence of North Korea this spring, his refusal to stand up for (or even speak on behalf of) freedom fighters in Iran earlier this summer, his blaming America for every wrong in the world and apologizing to corrupt dictators around the world on behalf of our country, and now his bending to the will of Russia to ensure their missiles will have no problem reaching us and our NATO allies if they ever decide to launch, are evidence enough that only a blathering fool could believe all this is good for America.

And Obama’s no fool. I’m more inclined to believe this is a planned destruction of America’s superpower status. An attempt to level the world playing field by bringing us down to the level of our adversaries.

The Heritage Foundation points out several reasons this decision makes absolutely no sense at this time.

According to the Wall Street Journal, the Obama administration is justifying its decision on their determination that Iran’s long-range missile program hasn’t progressed as rapidly as previously estimated. This despite the facts that:

  • On February 2nd, Iran successfully launched a satellite into orbit using a rocket with technology similar to that used in a long-range ballistic missile.
  • On May 20th, Iran test-fired a 1200-mile solid-fueled two-stage ballistic missile.
  • On July 15th, Germany’s foreign intelligence service, BND, announced that Iran will be able to produce and test a nuclear weapon within six months. BND also stated that it has “no doubt” that Iran’s missile program is aimed solely at the production of nuclear warheads.
  • On August 3rd, The Times of London reported that Western intelligence sources concluded that Iran has not only perfected the technology to build and detonate a nuclear weapon, could assemble a weapon in just six months, and could deliver the weapon on Iran’s Shebab-3 ballistic missile.
  • Just yesterday French President Nicolas Sarkozy said: “It is a certainty to all of our secret services. Iran is working today on a nuclear [weapons] program.”

The only country other than Iran that is happy with President Obama’s decision is Russia. State Duma foreign affairs committee head Konstantin Kosachev told the Associated Press: “The U.S. president’s decision is a well-thought (out) and systematic one. Now we can talk about restoration of (the) strategic partnership between Russia and the United States.” But, in fact, the missile defense capitulation is just one in a long line of Obama surrenders to Russia.

That’s bad enough, but an AP story out today creates more doubts as to the wisdom of the President’s decision.

VIENNA — Experts at the world’s top atomic watchdog are in agreement that Tehran has the ability to make a nuclear bomb and is on the way to developing a missile system able to carry an atomic warhead, according to a secret report seen by The Associated Press.

The document drafted by senior officials at the International Atomic Energy Agency is the clearest indication yet that the agency’s leaders share Washington’s views on Iran’s weapon-making capabilities.

It appears to be the so-called “secret annex” on Iran’s nuclear program that Washington says is being withheld by the IAEA’s chief.

The document says Iran has “sufficient information” to build a bomb. It says Iran is likely to “overcome problems” on developing a delivery system.

There’s no doubt the White House is aware of this if the IAEA is, yet still Obama abandons our ability to defend against it! And just for good measure, let’s point out yet another White House lie concerning this issue. The Moscow Times is reporting, “The decision to shelve the project is linked to Iran’s slower than expected progress in developing long-range missiles, the Pentagon said.”

Now it’s obvious somebody’s lying, either the AP story is completely wrong and The Heritage Foundation was mistaken when it reported on Iran’s advances in securing nuclear weapons and their delivery systems or the President is lying. Based on his recent track record and proven willingness to lie to get his way, I’m betting the White House has ordered the Pentagon to lie for it.

And how about Obama’s promise to improve our relations with our neighbors in the world. From The Moscow Times article, “The decision to shelve the missile defense plans angered many politicians and statesmen in Poland and the Czech Republic, who had fought for the bases despite public disapproval.” Add to that the insult of the President making the announcement on the anniversary of the Soviet Union invasion of Poland in 1939, and we can see a distancing of ourselves from our relatively new alliances with the old members of the Eastern Bloc that crossed over to NATO when the Iron Curtain fell.

It’s almost as if Obama is setting the stage for a return to the Cold War.

Once again, this President believes we make ourselves stronger by displaying weakness. Or does he? It’s beginning to look more and more like he really just wants us to be weak.

September 18, 2009 Posted by | Foreign Policy | , , , , , , , , , , | 3 Comments