Obama's Deficit Speech an Epic FailNews
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COMMENTARY | President Barack Obama's address on the federal deficit was a remarkable train wreck of a speech which was more an uninspiring defense of big government than it was an attempt to offer solutions to the $1.5 trillion deficit the country now faces.
The line that will be seared into history as an example of a disconnect from what the United States really is came after a paean to how wonderful Social Security, Medicare, and Medicaid really are. "We are a better country because of these commitments. I'll go further - we would not be a great country without those commitments," Obama said.
In other words, the United States was not a great country before Franklin Roosevelt and then Lyndon Johnson inflicted upon the United States a series of entitlements that are now threatening to devour the federal budget and then the economy: a sad commentary on the men who fought at Yorktown and Gettysburg for a country that lacked those things without which it was not great.
It was not until the middle of the 45 minute speech that Obama got to the matter that was really at hand. While Obama admitted that as glorious as Social Security, Medicare, and Medicaid are, perhaps they could run more efficiently. Thank you Paul Ryan for pointing this out. Indeed, thank you generations of conservatives for pointing this out. A commission will decide how, however.
Aside from this somewhat vague admission of the obvious, President Obama's prescription for cutting the deficit consisted of two things:
Tax the rich.
In other words, liberal oldies but goodies, not supported by anything like objective reality or even political reality. No wonder that Charles Krauthammer called the speech, "—a disgrace...so shallow, so hyper-partisan and so intellectually dishonest." Ryan, the chairman of the House Budget Committee and the adult in the budget debate, said, "Rather than building bridges, he's poisoning wells"
On the left side of the spectrum, Vice President Joe Biden, who was in the live audience, was very eloquent about how he felt about the speech. He slept through it.
It is very clear that President Obama, as usual, has decided not to lead on an issue facing the United States. Once again, one would like to ask the question if Barack
Obama means to do nothing with the presidency, should he not therefore resign and hand it over to someone who will do something?
Joe Biden falls asleep during Obama's deficit speech
Maybe he was just resting his eyes? Video
Kliphnote: You could tax the "rich" at 100% and it still would not
solve the problem.
BTW: I think anyone making over $100,000 is rich. Hell, over $50,000.
Tax them all at 100%. Put them all on welfare.
Remember we are in debt to 14 trillion dollars.
When Obama's tax the rich doesn't work, he will increase
taxes on everyone.
How? With a national sales tax, VAT.
Listen to his speech, he hints at it.
When he says(you heard it here first): "If, by 2014, our debt is not projected to fall as a share of the economy – or if Congress has failed to act – my plan will require us to come together and make up the additional savings with more spending cuts and more spending reductions in the tax code."
And what will I get out of higher taxes? Nothing.
Only the "poor".
If you want to pay more taxes, send the government your money.
If the "rich" want to pay more taxes, why don't they send
the government more of their money?