Liberals-they just do not get it. They do not see how actions show their intent or lack of forethought.Â It should be clear to everyone that Detroit suffers from Liberal policies.Â The city is literally in ruins.Â I say this because I work here.Â Sure I don’t live within the city limits and have not for some time.Â By the looks of the declining population I would say that many are following suit.Â Â
The argument for failing liberal policies can be seen quite clearly in the failure of the public school system.Â The district has a 62% high school graduate rate (21% drop out), and this month the district issued approximately 5,000 layoffs.Â To be fair the layoffsÂ were a result of the power of Emergency Financial Managers that the state governor has put into place (a draconianÂ tale for another time), still the public schools in Detroit are in a $327 million budget deficit.Â While I disagree with the method (the financial managers) what else are they going to do?Â The taxes are no longer there. ï»¿ Detroit had dropped from 1.85 million residents toÂ 712,000 people.Â Yet unions would think that you can maintain the status quo in the face of shrinking revenue.Â ThoughÂ I reject the notion that taxes are revenue, as revenue is defined as:
1. income from business: money that comes into a business from the sale of goods or services
2. personal income: income or salary received from employment
Encarta World English Dictionary
I omitted the government part because these two reflect the idea that someone works for their earnings.Â The government does not work, it takes.Â I don’t disagree with taxes, just the way, method, and percentage taken.Â I digress…
If taxes are revenue, they are then profits.Â If they are profits then when profits are reduced in the face of a shrinking product line or too low of prices one must do something.Â One cannot maintain status quo, there is no revenue.Â Obviously they cannot increase the tax rate within the city, since less then half the population is there, then they must shrink the company and cut costs.Â Therefore, employees are cut.Â It is business sense.Â It sucks, but that is what happens when you cannot manage the kitty.
So it is in the face of financial meltdown the Detroit Public Schools just do not get it.Â They are sending 3, 4 and 5 from Pasteur Elementary School, along with the parents and teachers to see the final shuttle launch this Friday.
Ok, so I get this – somewhat. I think going there is a good idea. The final shuttle launch is certainly something I would want to see. But….really? Is this something a cash strapped school district should really thinking about doing? The cost is probably a drop in the bucket compared to the districts debt, but it just signals poor thinking, lack of forethought, and a complete disregard for care-taking of public funds.
Fellow Tea Partiers, PLEASE work over time to call lawmakers, members of the media and “leaders” within the movement out on this one. Read on…
According to Wikipedia.org, the word Fraud means the following:
According to the Collins English Dictionary 10th Edition fraud can be defined as: “deceit, trickery, sharp practice, or breach of confidence, perpetrated for profit or to gain some unfair or dishonest advantage”.
This first sentence in and of itself should end the question of whether or not fraud is involved in the White House, Congress, Wall Street and the media, but it gets even more clear as we read on.
The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation. Defrauding people or entities of money or valuables is a common purpose of fraud, but there have also been fraudulent “discoveries”, e.g. in science, to gain prestige rather than immediate monetary gain.
Fraud is a crime, and also a civil law violation.
A default would come if the government actually failed to fulfill a financial obligation, including repaying a loan or interest on that loan.
As the Market Ticker points out, this sentence via the Associated Press is a misdirection and dishonest spin on reality.
The suggestion that a default “includes” a failure to repay a loan or interest. There is no “includes” at all. In fact, a default by definition is ONLY relative to loans and the associated interest.
The United States takes in about $2 trillion in taxes a year. The total interest paid last year was about $180 billion, a ridiculously low blended rate, but that’s what ZIRP (zero interest rates by The Fed) get you.
Let’s assume for a moment that the blended rate was to more than double, to 4%. That would be about $560 billion in interest a year, including interest on the Social Security and Medicare “trust funds” (which aren’t trust funds, but I’ve been over that before.)
$560 billion is about one quarter of the tax revenues that the government takes in. So even were interest rates to more than double The United States would not default.
A recent Politico piece further outlines the mass deception through the way the entire narrative is worded.
Treasury Secretary Timothy Geithner warned Congress Thursday that it must raise the statutory limit on the nationâ€™s debt by the end of March or risk an unprecedented and economically devastating default on American debt.
Now here is where I believe Geithner commits an act of fraud in deceiving us all through extreme misdirection.
â€œFailure to raise the limit would precipitate a default by the United States. Default would effectively impose a significant and long-lasting tax on all Americans and American businesses and could lead to the loss of millions of American jobs.â€
What they’re tying to do is set up Republicans and anyone else who opposes the increasing of the debt ceiling for political failure. Essentially, they’re created a false belief that if we do not raise the debt ceiling the entire economy will “default.”
But that simply isn’t true. As Market Ticker mentioned, you can only “default” on loans and interest, and we take in enough revenue to cover that.
This is where it gets tricky and why it’s so important to these fraudsters to spin it otherwise…
They do not wish to deal with spending. If we raise the debt ceiling, we continue to spend at current levels.
It doesn’t matter if Republicans try to “negotiate” some silly deal for $50 billion or whatever, nothing will change in the dangerous spending path we’re on. When you stop at a national park, a federal employee will still be monitoring the movement of the animals. When you visit a federal building, an employee will still be polishing the floors for the upcoming press conference.
Nothing will change. And that’s exactly what they want.
Truth is, without raising taxes AND raising the debt ceiling, government cannot continue on its current path of spending. (And even THAT isn’t enough)
In other words… a failure to raise the debt ceiling does not stop us from paying on our loans and interests; it stops us from being able to spend ourselves into bankruptcy.
Do not, I repeat, DO NOT allow Republicans or any self-proclaimed “tea party” officials to fold on the debt ceiling. If they do fold on it, they will have not only bought into the lies behind that mass fraud, they will have become participants.
“Tax Cuts for the Rich”. Leftists don’t care a whit about fairness or government revenue. This slogan is simply another means to grab power.
If the left really cared about fairness, then they would see that the current situation in which 48% paying no taxes and the top 1% paying 40% of the taxes is already fair. Once Al Sharpton was tricked on this subject when he was asked how much of the tax the rich should pay. He said 15% would be fair. When he was informed they already pay 50%, he quickly changed the subject. This is an example of the lack of relevance of the “fairness” issue.
Regarding government revenue and the supposed “deficit” effect of tax cuts, it is very well proven that cutting the tax rates on the rich actually results in increasing how much tax revenue comes in from them, and that increasing tax rates reduces revenue. This has been proven after every major tax cut at both the Federal and State levels.
So if it is neither “fairness” or “revenue” that is the issue, what is it? I submit that “tax cuts for the rich” is a fantastically successful slogan which energizes those ignorant of the facts to support the leftist agenda.
“Tax cuts for the rich” is simply yet another means to power. And the radical left has as its real agenda one single focus: “power at all costs.”
Everything else is just a ploy to galvanize support to that single, all consuming goal.
UPDATE: The Obama speech is over. Many more details will be available in the next 24 hours, but in summary…
Obama’s “plan” is to cut $4 trillion over a 12 year period. He didn’t mention much about where the cuts would happen, but he made it clear this was his timeline and final number.
His speech was dominated by calls for tax hikes and he made it clear he will not renew Bush tax cuts or any other tax cut renewals.
And finally, Obama still wants to continue spending increases on infrastructure, education and clean energy.
UPDATE 2: Apparently the $4 trillion in cuts is not an accurate way of saying it. It’s actually $2 trillion in cuts with $1 trillion in new taxes and $1 trillion less in interest payments.
Consider this an open thread throughout the day.
I’ll be keeping tabs on stories and posts throughout the day. If you find a good story related to the budget fight and Obama’s speech today, please post it in the comments and I’ll update the post to reflect it.
During the speech I’ll update the post with key points and quotes.
Updates are in Eastern time
9:06 AM: Just getting started with the post. Please refresh and check back often.
9:19 AM: Wall Street Journal has an interesting post up. Deficit Speech Will Be Lightning Rod
9:36 AM: From the left flank… warnings of withholding donations should Obama cut Medicare and/or Medicaid.
9:47 AM: Storm Clouds Ahead for Obama. I’m still amazed he might actually call for tax hikes from his current political position. Seems like someone in his campaign handed him a shovel and asked him to dig a hole.
9:52 AM: Interesting… David Jackson at USA Today believes Obama is going to make tax hikes a major pillar of his re-election campaign.
10:57 AM: I’m guessing Obama won’t mention it, but we’re starting to see examples of how the private realm is doing quite well without the government intervening.
11:31 AM: GREAT point made at HotAir.com! A speech is NOT a budget!
1:24 PM: Speech is about to kick off. You can watch all of the online conversation via Twitter here. Yes, the White House actually asks that we all use the hashtag #futurewewant to take part on the conversation during the speech.
1:35 PM: Speech is starting. Follow me on Twitter here for live updates. Will be back here with more links and information after the speech.
3:15 PM: HotAir.com has a good follow-up on Obama’s plan to spend and tax more. Read it here.
Yesterday I read an article about how schools ban brown bag lunches in favor of their idea of nutrition.Â This is in Chicago of all places.Â At first blush I was not concerned about it.Â After all there are people out there that just can’t eat right nor know how to give their kids proper meals, and then I was quickly shamed.Â in the article a brave 7th grader stood firm and protested the policy.Â While in my mind’s eye I saw the kids standing on their desk hurling food shouting their anger; a proper protest.Â Somehow I don’t think that is how it went. Instead the kids chanted in Spanish and English:
“We should bring our own lunch! We should bring our own lunch! We should bring our own lunch!”
Yes. Yes they should. And in there is a message…
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I’ve said it many times before… when Obama went to Washington he took failed Illinois policy with him. In the few years with Obama as President, we’ve seen energy prices skyrocket, we’ve entered new wars, we’ve allowed government takeovers of the corporate realm, we’ve seen Democrats trample the Constitution in favor of fully socialized laws passed, and on, and on, and on and on.
WASHINGTON â€“ President Barack Obama promised to change Washington’s ways. Yet he’s as caught up in them as ever.
As the week began, Obama kicked off his re-election bid with a sunny video of people talking about their hopes and needs, the very image of life outside Washington politics.
By week’s end, Obama was mired in budget negotiations, canceling trips and scrambling to stave off a government shutdown that could only undermine the public’s faith in his leadership.
It was the messy business of governing, and how it’s going to be in this long campaign for incumbent Obama.
Beyond the vision for economic competitiveness he wants to talk about, Obama is chasing a second term while trying to make a deeply divided government work. He got bogged down in legislative tactics in his first two years, even when he won fights on health care and other issues.
This news shouldn’t be shocking. In fact, we’ve been told over and over again that it’s going to get much worse. My guess is we as a nation will continue to ignore it until we’re right smack in the middle of it.
U.S. consumers face “serious” inflation in the months ahead for clothing, food and other products, the head of Wal-Mart’s U.S. operations warned Wednesday.
Still, inflation is “going to be serious,” Wal-Mart U.S. CEO Bill Simon said during a meeting with USA TODAY’s editorial board. “We’re seeing cost increases starting to come through at a pretty rapid rate.”
The video below shows the interview with Walmart’s CEO. He talks about it briefly in the
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Insanity, as we all know, is often referred to as “doing the same thing over and over again and expecting different results.”
In the case of states like Illinois and California, insanity seems rampant. What’s worse is that it’s obvious to the general public that the current spending levels are in no way sustainable. In fact, the entire system in Illinois is on the verge of total collapse.
If you thought California had the ugliest budget outlook in America, think again. California’s deficit is at $21 billion, or roughly 20%, of the state budget. But in Illinois, the budget deficit of $15 billion is greater than 40% of the state’s annual revenues.
Their insane response?
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