Obama’s 4th deficit plan of the year
Oh goodie, here we go again:
President Barack Obama will offer a new plan to reduce the federal deficit by about $3.6 trillion over a decade, almost half of which would come from tax increases, people familiar with the proposal said.
Lemme guess, taxes on “millionaires” and “billionaires”? You know, those folks making over $200,000. Sometimes, you’ve just made enough, and people pulling in that phat cash of $200,000 need to start giving back.
The president will also propose changes to Medicare and Medicaid that would reduce the deficit by about $300 billion over 10 years. He won’t propose increasing the Medicare eligibility age, people familiar with the plan said, and won’t include changes to Social Security.
How is this bit of magic to be achieved?
His proposed changes to Medicare are expected to focus on cutting payments to providers of medical services, people familiar with the plan said, but will also impact beneficiaries in 2017.
2017. If Obama wins a second term, what year will he leave office?
In addition to $248 billion in Medicare savings and $72 billion from Medicaid, Mr. Obama will call for additional cuts to mandatory spending. The White House plan will also include $430 billion that will come from additional interest savings.
My favorite bit is the “Buffet rule” – what is he, a kindergardener? The Buffet rule. My guess? Obama is fixxen to make Mr. Warren Buffet one of the most hated men in America.
After the president’s remarks on Monday, White House aides plan for him to quickly move on from the deficit-reduction platform and focus back on jobs, the issue polls show Americans care about most. The White House intends to have Jack Lew, the director of the Office of Management and Budget, and Mr. Sperling, the economic adviser, oversee the back-and-forth on the supercommittee, leaving Mr. Obama out of the debate.
Yea, imagine that?
This guy has NO clue what he’s doing. The Solyndra story has got it all.
As president, Obama had a fiduciary responsibility to be forthright about Solyndra’s grim prospects — in speaking to the American taxpayers whose money he had redistributed, and to the American investors who were about to be solicited for even more funding. Instead, he pulled a Martha Stewart.
The president looked us in the eye and averred that, when it came to channeling public funds into private hands, “We can see the positive impacts right here at Solyndra.” He bragged that the $535 billion loan had enabled the company to build the state-of-the-art factory in which he was then speaking. He said nothing about how Solyndra was continuing to lose money — public money — at a catastrophic pace. Instead, he painted the brightest of pictures: 3,000 construction workers to build the thriving plant; manufacturers in 22 states building an endless stream of supplies; technicians in a dozen states constructing the advanced equipment that would make the factory hum; and Solyndra fully “expect[ing] to hire a thousand workers to manufacture solar panels and sell them across America and around the world.”
He said this, while the company was bleeding OUR money. And he knew it. The government had known the situation for months when Obama spoke at the plant.
Not content with that rosy portrait, the president further predicted a “ripple effect”: Solyndra would “generate business for companies throughout our country who will create jobs supplying this factory with parts and materials.” Sure it would. The auditors had scrutinized Solyndra and found it to have, from its inception, a fatally flawed business model that was hurtling toward collapse. Obama touted it as a redistribution success story that would be rippling jobs, growth, and spectacular success for the foreseeable future.
This is the guy who is going to restructure our taxes? Create jobs?
I don’t think so. I think any time I get into a debate with a democrat arguing for Obama’s policies, I’m just going to repeat “Solyndra” in response.