Mr. Obama took a break from his Hawaiian, golfing, gym-jumping Christmas vacation to fly all the way back to D.C., and meet with Republicans & Democrats from the House and Senate at the White House on Dec.28th. He also passed along a little pep talk via a press conference that afternoon after their meeting. This is what he had to say (transcript by Gateway Pundit):
“Ordinary folks, they do their jobs. They meet deadlines. They sit down and discuss things and then things happen. If there are disagreements they sort through the disagreements. The notion that our elected leadership can’t do the same thing is mind-boggling to them. It needs to stop. So I’m modestly optimistic that an agreement can be achieved. Nobody’s going to get 100% of what they want. But let’s make sure that middle class families and the American economy and in fact the world economy aren’t adversely impacted because people can’t do their jobs.“
It is interesting that Mr. Obama makes the correlation of the government to a household, where that comparison is one he, at least financially, has refused to make at any other time at least with taxes and spending. On the way to my job this morning I caught part of the Glen Beck Program as Mike Broomhead was filling in for Glen today. I thought he made some good points of this same comparison. His comments were more in comparison to Harry Reid’s favorite phrase of (paraphrasing) ‘not building a budget on the backs of our children.’ So let’s take a hard look at a household budget through the lens, as Mr. Obama would like us to, of a household.
As many households know, only paying the minimum payment only pays on the interest and does not work to bring down the principle, at all. Also, increasing the amount charged (repeatedly), as in increased spending, never, ever lowers a debt but also increases the interest required.
As we know from the potholes, buildings, and bridges that definitely need repair in our towns and cities, these are not expenses we can always afford and many times get delayed or put off because a community (other than the federal government) does not always have the money to get them done.
One man’s hobby is NOT just another one’s pet project. Some politicians have very expensive hobbies and the American people cannot afford to throw money at anyone who is curious about the sexuality of female rats. If only these project only cost as much as the latest comic book.
If the working members of a household, which is many times (2+) people could give themselves raises such as father choosing to give the mother or son a raise, I am sure they would. However, this is not the case and therefore not applicable compared with government, because members of a household are never given that choice. In the case of government, the choice of raises never resides with the people actually paying their salary. Case in point, President Obama, by executive order, ended a pay freeze to increase the salaries of VP Joe Biden, members of Congress, and Mr. Obama himself. The Weekly Standard reported that the CBO calculated that the annual increase per year would be $1 Billion.
A majority of the federal government’s budget to in essence, “run the country,” comes from individual, payroll, and corporate taxes. As projected for fiscal 2013, that will be $2.9 Trillion, according the National Priorities Project. In economic speak, our “outgoing” is their “incoming.”
For the specific breakdown, note the pie graph below:
With the $1 TRILLION tax hike for Obamacare due to hit Americans at the dawn of their New Year, it can make some wish it was only a turtle crossing instead of a shark attack.
Mr. Obama, it is true, “ordinary folks” go to work and do their jobs, why can’t you and Senate Democrats do yours?
- The Republican House have (2) bills to deal with the fiscal cliff sitting in the Senate…waiting to be voted on.
- The Democratic Senate has not come up with a federal budget, as required by law, for (4) years.
- Mr. Obama has shown absolutely no leadership in addressing the national debt, the fiscal cliff, or government spending, and nothing near the compromise he so demands from the House Republicans.