Saturday, July 14, 2012

Political Quote of the Day

From the pen of Bill O'Reilly, writing today at Townhall:
In 2012, America is not bedeviled by inflation, but we are stuck in the economic mud. Under Obama, government spending has reached record levels, and in three years, Obama has added about 130,000 federal workers to the payroll: more than the number Reagan added in five fewer years. It is breathtaking.
And now Obama wants to jack up tax rates on the affluent all over the place. Income, capital gains and dividends all will be taxed at a significantly higher rate if Congress goes along with the president. Again, this is the exact opposite of what Reagan did.
What Obama hopes to accomplish is hard to ascertain. The feds will derive about $85 billion in extra revenue a year if the president's proposed tax hike is passed. But listen to this: The feds spend $85 billion every eight and a half days, according to the Treasury Department. Talk about putting your finger in a leaking dike.

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I really have come to believe President Barack Obama must think the American people are stupid. Since they make the case even better than I ever could, consider this piece of writing from Brietbart on the broken pledges of the POTUS, not the candidate Obama, but when he was president.

CBS News is quoted in the article:

The National Debt has now increased more during President Obama's three years and two months in office than it did during 8 years of the George W. Bush presidency.
The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.
The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush's last day in office, which coincided with President Obama's first day.
The National Debt also now exceeds 100% of the nation's Gross Domestic Product, the total value of goods and services.
Mr. Obama has been quick to blame his predecessor for the soaring Debt, saying Mr. Bush paid for two wars and a Medicare prescription drug program with borrowed funds.
The federal budget sent to Congress last month by Mr. Obama, projects the National Debt would continue to rise as far as the eye can see. The budget shows the Debt hitting $16.3 trillion in 2012, $17.5 trillion in 2013 and $25.9 trillion in 2022.

This POTUS could not be more toxic than he is.

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