Deal now, spend more later, Obama urges

[Geee]

Daily Caller:

President Barack Obama is urging a debt-ceiling deal with Hill Republicans. Despite the government’s $1.5 trillion current deficit, $14 trillion federal debt and $100 trillion promise of future spending for retirees, the president is pushing Congress to spend still more.

“Let’s get this [deficit and debt] problem off the table … [and] with a solid fiscal situation, we will then be in a position to make the kind of investments that I think are going to be necessary to win the future,” he told reporters gathered for a White House press conference Monday morning.

The big-spending jobs agenda, the president said, could cost additional trillions of dollars. “We’ve been looking at the whole menu of steps that can be taken … [but] taking an approach that costs trillions of dollars is not an option. We don’t have that kind of money right now.”

White House officials believe independents will respond positively to Obama’s adopted role as the convener of a grand economic bargain in Washington. These days, he has the support of only 32 percent of independents, according to a June Gallup poll, far less than the 52 percent he had in November 2008.

The compromise, Obama has repeatedly said, would include new taxes. “If you don’t do the revenues, then to get the same amount of savings you’ve got to have more cuts, which means that it’s seniors, or it’s poor kids, or it’s medical researchers, or it’s our infrastructure that suffers,” he said.

[Argyle58]

Government cannot create jobs without increasing spending, which would mean increasing the debt, which is the problem we are now facing.

 

Increased taxes does NOT necessarily equate to an increase in revenues, in fact, the opposite has proven to be true in a free market economy.

 

The only way that the government can help create jobs at this point in the recession is to keep taxes where they are and stop proposing new regulations. When employers can establish exactly how much it is going to cost them to hire new employees, they will start to hire. Then the government will realize an increase in revenues by increasing the tax base.

 

This is one of those times that illustrate how much liberals are wedded to their theories while ignoring the precedents of the past.

 

To quote a self professed "bad example": "Read some #*@*#!! HISTORY!!!"

[Rheo]

[Geee]

To quote a self professed "bad example": "Read some #*@*#!! HISTORY!!!"

 

 

 

Hey-I think I know that guy