Category: Fiscal Responsibility

The Allure and Illusion of Big Government

By Cassandra Effect, July 31, 2009 12:49 am

from OneGuy – starts a little slow but picks up steam – heed the powerful voice of the American people.  See all his videos HERE

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Rove calls Obama A Big Fat Liar

By Cassandra Effect, July 8, 2009 10:48 pm

Well, in not so many words, but that is the gist of  his op-ed in today’s Wall Street Journal.  Karl Rove drives home the point that Obama can not be trusted with his use of numbers and statistics to support his policies.   This is a well written piece and focused on the FACTS.  Below is the key nugget of the op-ed.  Read the whole thing HERE.

 

Mr. Obama has already created a river of red ink. His health-care plans will only force that river over its banks. We are at the cusp of a crucial political debate, and Mr. Obama’s words on fiscal matters are untrustworthy. His promised savings are a mirage. His proposals to reshape the economy are alarming. And his unwillingness to be forthright with his numbers reveals that he knows his plans would terrify many Americans.

For example, the administration strong-armed health-care providers into promising $2 trillion in health savings. It got pharmaceutical companies to promise to lower drug prices for seniors by $80 billion over 10 years. The administration also trotted out hospital executives to say that they would voluntarily save the government $150 billion over 10 years.

None of this comes near to being true. On the promised $2 trillion, everyone admits that the number isn’t built on anything specific — it’s an aspirational goal. On drug prices, a White House spokesman admitted that “These savings have not been identified at the moment.” It is speculative that these cuts will actually be made, when they would begin, or whether they would reduce government health-care spending.

None of this will stop the administration from arguing that its “savings” will pay for Mr. Obama’s $1.5 trillion health-care plans. By the time the real price tag emerges, it will be too late to do much more than raise taxes and curtail spending on urgent priorities, such as the military.

The stimulus package is a clear example of how Mr. Obama operates. He is attempting to employ the same tactics of bait-and-switch when it comes to health care, only on a much larger scale.

Mr. Obama has already created a river of red ink. His health-care plans will only force that river over its banks. We are at the cusp of a crucial political debate, and Mr. Obama’s words on fiscal matters are untrustworthy. His promised savings are a mirage. His proposals to reshape the economy are alarming. And his unwillingness to be forthright with his numbers reveals that he knows his plans would terrify many Americans.

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More evidence Obama is trying to break our country

By Cassandra Effect, June 30, 2009 4:20 am

Last week the Congressional Budget Office released their budget forecast documents.  It speaks for itself.

The higher debt results in permanently higher spending to pay interest on that debt (unless the debt is later paid off).”

 

CBO graph

 

We know, of course, that we will never pay off this debt.  The best we can hope for is for the economy to grow large enough that the debt as a percentage of GDP shrinks back to manageable levels.  This strategy would require that we slow our spending in the future.  Like Wimpy, our government will gladly pay you Tuesday for a hamburger today.

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The Madoff / Obama Connection?

If a 65 Billion Dollar Ponzi Scheme lands Bernie Madoff 150 Years in Jail, what does a One Trillion Dollar Healthcare Scheme by Obama deserve?

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