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Roanoke Times, 12-28-11, Pg 5: Obama to request another $1.2 TRILLION in debt borrowing.
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Obama, Reid and Schumer claimed the two month extension of the payroll tax reduction act was a big victory over Republicans who wanted a comprehensive balanced 12 month bill. Then Obama got on the chopper and left for Hawaii.
The Obama bill directly reduces taxes flowing into the Social Security Trust Fund. That’s the “Lock Box” that Al Gore bragged about when he ran for President.
That’s the “Lock Box” that contains only IOU’s because all the vested funds were transferred into the General Fund and spent!
So all the workers who now pocket an extra $20 per month do so at the expense and peril of the default of Social Security. What a deal! And Obama and the Democrats call that a Victory!
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And yet again Obama wants another TaxPayer Funded $1.2 TRILLION credit card that will primarily be used to pay the interest on the existing $15 TRILLION credits cards.
Yet another Victory for Obama and the Democrats!
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The only good news is that we’re now 12 months away from sending Obama and associates back to Chicago and electing a Republican President and a Republican Senate and Congress.
The bad news is that draconian actions are necessary to fix our financial and economic systems and there will be major changes required to reduce government spending. Hopefully the Republicans will be successful in getting Private Industry enabled and reinvigorated to generate jobs and prosperity.
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Are the good times over for good? It's all up to the 2012 voters!
http://www.roanokeslant.org/GoodTimesOver2.wmv
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Prior blog items:
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http://roanokeslant.blogspot.com/2011/12/obama-acting-more-pathetic-and-fiscally.html
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http://roanokeslant.blogspot.com/2011/12/capitol-hill-productivity-slides.html
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http://roanokeslant.blogspot.com/2011/12/roanoke-times-marginalizing-those.html
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