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Obama’s Budget Proves He Should Not Be Reelected

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hypocritexposer

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Obama’s Budget Proves He Should Not Be Reelected
By LIZ PEEK, The Fiscal Times February 14, 2012

President Obama does not deserve to be reelected. By refusing to address the greatest challenge this nation faces – our financial security – Mr. Obama has failed the American people. Despite warnings from the IMF, the credit ratings agencies, China -- our principal foreign creditor -- and the American people, the president continues to offer up budgets and programs that ignore the dire trajectory of Medicare and Social Security spending, putting the future of this nation at risk.

RELATED: Obama’s 2013 Budget Forecasts Increasing Debt

Let’s get specific. This week Mr. Obama set forth a budget calling for yet another trillion-dollar deficit, the fourth in four years. Through certain spending cuts, some gimmickry (counting not spending on two wars as deficit reduction) and $1.5 trillion in tax hikes, the budget gap is projected to shrink to $575 billion in 2018, comfortably beyond the range of the country’s political telescope.

Each of the proposal’s major provisions scratches a partison itch: raising taxes on the wealthy, imposing new fees on banks, eliminating tax cuts on oil companies, spending $476 billion on transportation projects (mollifying construction crews teed off at the Keystone veto), allotting $30 billion for (guaranteed voting blocks) police, teachers and fire department workers, and so on. As the Committee for a Responsible Federal Budget summarizes, the president’s budget stabilizes our debt at 76 percent of GDP – “roughly double historical debt levels.” This is not acceptable.

To be fair, Mr. Obama proposes to save $364 billion over ten years in Medicare and Medicaid, mainly through slicing payments for prescription drugs ($156 billion), taking money from skilled nursing facilities and long-term care hospitals ($63 billion) and changing the way the government compensates doctors and hospitals for bad debts ($36 billion). The budget assumes the fantasy 30 percent cut in pay to healthcare providers contained in earlier projections. If you believe that these proposals will be adopted, please send me a certified check of $1,000 to claim your million-dollar lottery prize.

The budget is as cynical an affair as last year’s offering, which was defeated 97-0 in the Senate – an act of rare bipartisan cooperation. Before we celebrate that moment of sanity, however, we recollect that the Senate has not passed a budget in more than 1,000 days, though they are required by law to do so. The White House blames this dereliction of duty on intransigent Republicans (a charge most recently leveled by Budget Director Lew over the weekend) but in reality all that is needed is a simple Senate majority to pass a budget, which the Democrats have.

All this skirmishing is but B-rated play-acting. Informed citizens should be furious that the real issues clouding our future are not even addressed by our president. The crisis in our country is two-fold: a rising number of people receive ever-increasing assistance from the government. At the same time, fewer Americans are paying taxes. The inevitable outcome is a widening gap between revenues and outlays: the deficit. The recession has accelerated the problem. Here are the facts:

Last year, the first of the 78 million Baby Boomers reached retirement age. Between now and 2050, the number of people over 65 will more than double -- from 40 to 89 million. This huge population will receive increasing funds from Social Security, Medicare and Medicaid, and if nothing is done, it will be crippling. Social Security outlays, according to the annual Trustees report, will advance from 4.2 percent of GDP in 2007 to 6.2 percent in 2035. The program, which ran in the red the past two years for the first time since 1983, will have exhausted its trust assets in 2036. Thereafter, the board projects, tax revenue will only pay for about three quarters of scheduled benefits. In short, Social Security as we know it will not survive the Baby Boom bulge.

Medicare, too, is a menace, gobbling up 3.6 percent of GDP in 2010, 5.5 percent in 2035 and an increasing share thereafter. The trust fund for Medicare dies in 2024. This is the rosy projection. The real numbers for Medicare deficits are likely to be far worse that the agency projects. They assume Obamacare-related productivity that even the Trustees deem “debatable” and that Congress will chop doctor payments, “notwithstanding experience to the contrary.”

While our mandated spending on health and retirement benefits will continue to sprout like weeds (fertilized by Obamacare), the portion of the country paying for this tab will shrink. According to the Heritage Foundation, the portion of the country that pays no income taxes has climbed from 15 percent in 1984 to 49.5 percent in 2009, or from 35 million people to 152 million. While the recession bears some responsibility for this increase, the trend was well underway before the financial crisis hit.

These trends threaten not only our economy but our country. Even now, the president is proposing cuts in our military that paste over his inaction on entitlement programs; some think he may soon gut our future preparedness. President Obama argues that he is delivering what the country needs – more stimulative spending in the near term while laying the groundwork for long-term deficit reduction. He knows better. Our entitlements programs demand structural overhaul; he is afraid to light that fuse.

http://www.thefiscaltimes.com/Columns/2012/02/14/Obamas-Budget-Proves-He-Should-Not-Be-Reelected.aspx#page1
 
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hypocritexposer said:
Obama’s Budget Proves He Should Not Be Reelected
By LIZ PEEK, The Fiscal Times February 14, 2012

President Obama does not deserve to be reelected. By refusing to address the greatest challenge this nation faces – our financial security

I had to run around this afternoon to the ASCS office- pick up a butchered hog- run to a couple of stores- and then stop at the waterhole for a little while... I got to talk to several community members, businessmen, farmers and ranchers.. And the economy was a topic that came up everywhere- along with the campaign/election mainly because of how R's were slaughtering each other (and none look worthy of voting for)- were so split- and how they would probably allow Obama a free walk back into the Whitehouse...

But then as one wise old fella that listens to all said-- it really makes him chuckle when some (mostly the hard line R cult ranchers) drive up in their brand new pickups/cadillacs and walk in and talk about the $1300+ heifer calves they just sold- or the bull sales that average $11,000- or cows that sell for $350,000-- while some were just getting thru hauling in a load of $10 wheat ( in their brand new semi) -- and the equipment dealers complain about not being able to get enough new equipment into the lot fast enough to fill the orders----AND
then they all complain about the economy and blame it on Obama...

It was decided today- that under the R cult's way of thinking-- this must have all been Bush's longterm plan- bankrupt half the country so us up here could do well ... Thank you GW... :wink:
 

hypocritexposer

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Oldtimer said:
hypocritexposer said:
Obama’s Budget Proves He Should Not Be Reelected
By LIZ PEEK, The Fiscal Times February 14, 2012

President Obama does not deserve to be reelected. By refusing to address the greatest challenge this nation faces – our financial security

I had to run around this afternoon to the ASCS office- pick up a butchered hog- run to a couple of stores- and then stop at the waterhole for a little while... I got to talk to several community members, businessmen, farmers and ranchers.. And the economy was a topic that came up everywhere- along with the campaign/election mainly because of how R's were slaughtering each other (and none look worthy of voting for)- were so split- and how they would probably allow Obama a free walk back into the Whitehouse...

But then as one wise old fella that listens to all said-- it really makes him chuckle when some (mostly the hard line R cult ranchers) drive up in their brand new pickups/cadillacs and walk in and talk about the $1300+ heifer calves they just sold- or the bull sales that average $11,000- or cows that sell for $350,000-- while some were just getting thru hauling in a load of $10 wheat ( in their brand new semi) -- and the equipment dealers complain about not being able to get enough new equipment into the lot fast enough to fill the orders----AND
then they all complain about the economy and blame it on Obama...

It was decided today- that under the R cult's way of thinking-- this must have all been Bush's longterm plan- bankrupt half the country so us up here could do well ... Thank you GW... :wink:


and of course you pointed out that it was a Dem majority that obama inherited the economy from, correct?
 

Larrry

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This is good ot get's his opinions and advice at a bar from a bunch of drunks

You are a fools tool
 

okfarmer

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Oldtimer said:
hypocritexposer said:
Obama’s Budget Proves He Should Not Be Reelected
By LIZ PEEK, The Fiscal Times February 14, 2012

President Obama does not deserve to be reelected. By refusing to address the greatest challenge this nation faces – our financial security

I had to run around this afternoon to the ASCS office- pick up a butchered hog- run to a couple of stores- and then stop at the waterhole for a little while... I got to talk to several community members, businessmen, farmers and ranchers.. And the economy was a topic that came up everywhere- along with the campaign/election mainly because of how R's were slaughtering each other (and none look worthy of voting for)- were so split- and how they would probably allow Obama a free walk back into the Whitehouse...

But then as one wise old fella that listens to all said-- it really makes him chuckle when some (mostly the hard line R cult ranchers) drive up in their brand new pickups/cadillacs and walk in and talk about the $1300+ heifer calves they just sold- or the bull sales that average $11,000- or cows that sell for $350,000-- while some were just getting thru hauling in a load of $10 wheat ( in their brand new semi) -- and the equipment dealers complain about not being able to get enough new equipment into the lot fast enough to fill the orders----AND
then they all complain about the economy and blame it on Obama...

It was decided today- that under the R cult's way of thinking-- this must have all been Bush's longterm plan- bankrupt half the country so us up here could do well ... Thank you GW... :wink:

:lol: Last I checked Montana was a RED state.

Do you wanna know what the common denominator was in all your conversations? ............ You

No wonder they were full of BS.

Anyone wanna wager on what really occurred?

A. He was talking to his invisible "friends" again. In this case, OT talking to yourself is a symptom. You really should get that checked out.

B. He forgot his hearing aids. Fellow Montanan: Obama is a son of a b____. OT: Yep, Obama is really something!

C. He mixed up his medications.

D. He is mixing his meds with his liquids.

E. He is more full of crap than a Christmas turkey.


If you showed just a little humility this wouldn't be so easy. But then I guess you have try hard to believe in your false message, if you don't then who will?
 

Larrry

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okfarmer said:
Oldtimer said:
hypocritexposer said:
Obama’s Budget Proves He Should Not Be Reelected
By LIZ PEEK, The Fiscal Times February 14, 2012

President Obama does not deserve to be reelected. By refusing to address the greatest challenge this nation faces – our financial security

I had to run around this afternoon to the ASCS office- pick up a butchered hog- run to a couple of stores- and then stop at the waterhole for a little while... I got to talk to several community members, businessmen, farmers and ranchers.. And the economy was a topic that came up everywhere- along with the campaign/election mainly because of how R's were slaughtering each other (and none look worthy of voting for)- were so split- and how they would probably allow Obama a free walk back into the Whitehouse...

But then as one wise old fella that listens to all said-- it really makes him chuckle when some (mostly the hard line R cult ranchers) drive up in their brand new pickups/cadillacs and walk in and talk about the $1300+ heifer calves they just sold- or the bull sales that average $11,000- or cows that sell for $350,000-- while some were just getting thru hauling in a load of $10 wheat ( in their brand new semi) -- and the equipment dealers complain about not being able to get enough new equipment into the lot fast enough to fill the orders----AND
then they all complain about the economy and blame it on Obama...

It was decided today- that under the R cult's way of thinking-- this must have all been Bush's longterm plan- bankrupt half the country so us up here could do well ... Thank you GW... :wink:

:lol: Last I checked Montana was a RED state.

Do you wanna know what the common denominator was in all your conversations? ............ You

No wonder it was full of BS.

Anyone wanna wager on what really occurred?

A. He was talking to his invisible "friends" again. In this case, OT talking to yourself is a symptom. You really should get that checked out.

B. He forgot his hearing aids. Fellow Montanan: Obama is a son of a b____. OT: Yep, Obama is really something!

C. He mixed up his medications.

D. He is mixing his meds with his liquids.

E. He is more full of crap than a Christmas turkey.

If you showed just a little humility this wouldn't be so easy. But then I guess you have try hard to believe in your false message, if you don't then who will?

[/b]

Exactly, remember the story of another website he said was talking about us. He could never back it up and come up with the website. He needs to ask himself if his ideas are on the right track, then why does he have to make up LIES to reinforce them
 
A

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I forgot one thing this old fella said-- if we had a Repub President right now- these same folks, that now while pocketing the gold are cussing Obama- would be putting all the credit on the President and claiming it was the Republicans doing.....

That is when we agreed that the Bush Bust must have been GW's secret plan to help us out.... :wink: :p :lol:
 

okfarmer

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Forgot

F. Since admitting he's wrong is not an option, he has to keep making more and more outlandish statements to back up his original wrong premise.
 

I Luv Herfrds

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Ot we are not driving around in new pickups. Our newest piece of equipment is a JD 8820 Titon II we paid $15,000 for.
Our stock up on calving supplies has gone up over 50% in the last 3 years.

We did get $7 a bushel for our winter wheat and malt barley but our costs also rose.

So please tell me what Obummer has done to make it for us to be able to afford the things that are needed for us to continue operating and maybe be able to some aside to maybe some day go on an actual vaction.
 

okfarmer

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Oldtimer said:
I forgot one thing this old fella said-- if we had a Repub President right now- these same folks, that now while pocketing the gold are cussing Obama- would be putting all the credit on the President and claiming it was the Republicans doing.....

That is when we agreed that the Bush Bust must have been GW's secret plan to help us out.... :wink: :p :lol:


Glad you brought that up, gold and all. $1722.37 an oz at the moment. That is a lot of money to buy 1 oz of gold. So lets see, to correct for inflation lets compare price of cattle to price of gold. At this time, a bred heifer is only worth 1 oz of gold. In 2001, gold hit a low of around $256.60. How many oz of gold would it have taken to buy a bred heifer then? The answer is more than 1.

Crazy thing that inflation is.

You can do that with gasoline, equipment, fertilizer- its a fun game.
 

Sandhusker

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OT, " (and none look worthy of voting for)"

Considering Pinnichiobama's record, exactly what makes him a better choice?
 

hopalong

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All them people hanging around the water hole just waiting for oldtimer to come in and buy drinks, they know all they have to agree with him and he'll buy drinks all day, :wink: :wink: Hence the drivel he posted :roll: :roll: Nice lie oldtimer, too bad you have lied too often in the past for us to believe anything you say anymore.
 

Larrry

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I got a chuckle out of the "one old wise fella"(drunk leaning over a bar). Maybe if ot would get his information at some place other than the bar.

When I go get processed meat, that is always the last thing I pick up before I go home. So we got two pigs in the vehicle, one slaughtered and one hammered out driving on the road. Now thats a comforting feeling have some old drunk out on the highway that sees no problem with what he is doing but worries about other people and what they do in their bedroom.
 

Soapweed

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It will be interesting to see the 2012 election results for Valley County, Montana--how many vote for Obama, and how many vote for "the other guy," no matter who that other guy might be. :roll:
 

ranch hand

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Oldtimer, why did you stop at the ascs office? The only reason people do is to make sure their paper work is in order to receive the government handout! The community leaders you talked to must be democrats as all the republicans are out working so they can drive dependable outfits in the open country up here. The democrat jealousy is rearing it's head here. Maybe if you would have worked in your younger days you would have something. If they were talking about the high cattle prices, it was about how on
Paper it shows they had a high income, but expenses ate up that. The deductions are the same on the expense as they were when cattle were cheaper. But the added income level puts you in the next tax bracket, so take home pay is less. So you sit with the democrats who should be working in the middle of the day and
Not drinking on the job bitching about people who do work! That is what is wrong with this country!!!!!
 

Larrry

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Remeber in the 70's many thought there would never be a poor day so they spent like crazy. Many of those spenders ended up broke, bankrupt.
it will happen again.
 

ranch hand

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Larry that is true, but the smart ones that bought new outfits that I know were driving old repaired pickups and have seen what the economy is doing so better replace the old wore out pickups before they can't. Check the prices on a pickup big enough to pull a loaded trailer thru rough country. They have jumped big time every year Obama has been in office. I could have bought two at the Price I did a few years ago compared to now.
 

Larrry

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The thing that happens so many times when the price gets up is the farmers get their adrenalin flowing. They then put their name on the line with loans and big payments. The price goes down and their payments can't be met. Inflation sometimes delays the inevitable
 

TSR

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ranch hand said:
Oldtimer, why did you stop at the ascs office? The only reason people do is to make sure their paper work is in order to receive the government handout! The community leaders you talked to must be democrats as all the republicans are out working so they can drive dependable outfits in the open country up here. The democrat jealousy is rearing it's head here. Maybe if you would have worked in your younger days you would have something. If they were talking about the high cattle prices, it was about how on
Paper it shows they had a high income, but expenses ate up that. The deductions are the same on the expense as they were when cattle were cheaper. But the added income level puts you in the next tax bracket, so take home pay is less. So you sit with the democrats who should be working in the middle of the day and
Not drinking on the job bitching about people who do work! That is what is wrong with this country!!!!!

Not sticking up for anyone but around here farmers had one of the best years in decades. As far as who you will see at the ASCS office, I would guarantee you 90% would be Rep. as most around here are representative of what happened in TN in the last presidential election. I might add I know quite a few of them and they are buying farmland at unprecedented prices for this area. I grew up with a couple of them, both told me they had made more money than at any time in their lives and they were talking about net profit. Both though were bitching about writing the checks to the IRS, one was for~60k and the other was for~35K. Both are die-hard Republicans. Don't think for a minute political party or worth keeps one for getting in on gov. programs if they can qualify.
 

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