All this budget talk is best illustrated by the following graph fromJohn Taylor:

In 2009, spending SKYROCKETED. From 19% of GDP to almost 25%. Obama would like to keep spending at that rate forever. Which, he’ll do by raising taxes on the rich those making over $200,000.

John B. Taylor in the WSJ:

When I show people this chart they ask why Washington is even having the debate. They say: If government agencies and programs functioned with 19% to 20% of GDP in 2007, why is it so hard for them to function with that percentage in 2021, when GDP will be substantially higher and with many opportunities for reforms and increased efficiencies? And if GDP and employment grow more quickly, as they would if private investment increased as a result of lower government spending and debt, then that 19% to 20% share of GDP could provide much more in the way of public goods.

But Obama has other plans. Like this one:

President Obama’s deficit pitch is that if only a fraction of the highest income Americans were “asked to pay a little bit more” the fiscal seas would part—but all those little bits are starting to pile up. Speaking Tuesday in Annandale, Virginia, Mr. Obama came out for lifting the cap on income on which the Social Security payroll tax is applied.

Here comes teh socialism:

The point is, for the vast majority of Americans,” Mr. Obama said, “every dime you earn, you’re paying some in Social Security. But for Warren Buffett, he stops paying at a little bit over $100,000 and then the next $50 billion he’s not paying a dime in Social Security taxes. So if we just made a little bit of an adjustment in terms of the cap on Social Security, that would do a significant amount to stabilize the system.”

YOU see what’s wrong with that, right?

For starters, if the White House wants to lift the cap for high earners but doesn’t upcap benefits for a corresponding increase [which I’m sure he doesn’t], it would change Social Security from a quasi-insurance program, in which there is at least some connection between the taxes paid on wages in return for benefits, into a welfare transfer program.

But enough about deficits, I’m wondering how Obama held up yesterday with his FOUR fundraisers. One for the DNC and three for him.

9:40 am || Delivers remarks at DNC fundraiser; St. Regis Hotel, San Francisco
10:35 am || Departs San Francisco
11:30 am || Arrives Reno, Nev.
11:50 am || Town Hall meeting on the deficit; ElectraTherm, Inc.
1:30 pm || Departs Reno
2:45 pm || Arrives Los Angeles
5:30 pm || Delivers remarks at fundraiser #1; The Commissary at Sony Picture Studios
6:55 pm || Delivers remarks at fundraiser #2; Soundstage 30 at Sony Picture Studios
6:55 pm || Delivers remarks at fundraiser #3; Tavern Restaurant

Wow. Busy schedule for the POTUS Campaigner-in-Chief.

Will our country survive until 2012?

Today’s schedule:

8:55 am PDT || Departs Los Angeles
4:15 pm EDT || Arrives Andrews Air Force Base

OK, there’s something very suspicious going on here. The White House has released an arrival time for Andrews Air Force Base, but none for the White House. Which suggests the president may be spending an undetermined amount of time at Andrews. Which has A GOLF COURSE that he often uses.

Let me start putting the pieces together here . . .

What do you think? Will he be golfing this afternoon?

Oh, and Zombie has the drop on the molah Obama collected out in California Wednesday night. $35,800 per seat, Obama pulled in over $3 million. was there. As was the founder of Craigslist.

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3 Comments on “FIAF”

  1. If only Obama would stop policing the world – slash overseas defence budgets and bring troops home – the budget would be a lot healthier. It is sad that the US, the UK and others can bomb innocent civilians, killing and maiming and at the same time their own contry’s health care is in dissaray.

  2. Sean M. Says:

    I thought the UK had the bestest health care system in the world and that we were supposed to be emulating them.

    Consider me disabused of that notion. Thanks, Norma!

  3. Pupster Says:

    Obama is policing the world?
    Well that explains a lot.

    Thanks Norma!

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