It is past time Barack Obama be held accountable for his intentionally irresponsible fiscal policies that are guaranteed to take us into national bankruptcy. It is outrageous enough that he is steering us into insolvency, but it is unbearable that he's fraudulently blaming the Republican Party for it to boot.
This is not a close call, and reasonable people, if they understood the facts, would not support Obama. The problem is that so many people who trust him, inexplicably, look no further than his disingenuous statements and the liberal media's slanted reporting, and the Republican Party leadership simply cannot seem to get its message across. It would help if they evidenced more faith in the wisdom of their own approach.
This isn't complicated. Our financial problems are overwhelmingly a result of excess spending, not of insufficient tax revenues. Increasing rates or decreasing deductions won't make a speck of difference, and Obama knows it.
Our $16 trillion national debt and our $100 trillion of unfunded liabilities are going to destroy this nation in relatively short order if we don't take drastic remedial action.
Yet Obama's plan is to increase taxes on the highest 2 percent of income earners while refusing to make significant reductions in discretionary spending or to restructure entitlements. His life's ambition is to fundamentally transform the nation, which depends on keeping the federal spigot spewing and punishing the "wealthy."
You could say it is crazy talk to suggest Obama doesn't want to bring our fiscal house in order, but I say, based on the evidence, it's much crazier to pretend he has any intention of balancing the budget.
To keep his shell game going, he has to divert the people's attention from the real culprit, spending, and toward blaming and demonizing the rich, and the red herrings of "balanced approach," "loopholes" and "revenues."
Obama is the one who won't agree to a "balanced" approach; he's ignoring spending and entitlements. When he calls tax increases "revenues," he is implying that increasing rates and eliminating deductions for a small fraction of income earners is going to appreciably raise revenues and help solve our problem. It won't. When he refers to legitimate tax deductions as "loopholes," he is further defrauding the public into believing that these high-income earners are somehow cheating by availing themselves of deductions the law reasonably allows.