But he barely discussed the debt problem. His gambit was to distract the public's attention from our catastrophic deficits and debt and agitate them against the wealthy, whom he maliciously misrepresented as being responsible for these problems in the first place. He made the discussion not about the debt or deficits but about "fairness." As a result, he succeeded in raising rates (and phasing out personal exemptions and deductions) on the "wealthy" but saw to it that we ignored spending and entitlements.
Now, as we're poised to enter the debt ceiling negotiations, Obama has held a news conference in which he telegraphed that he's going to employ the same type of strategy again: to distract the public's attention from the pressing debt and deficit issues and continue to resist spending cuts and entitlement reform. Indeed, he said he would consider only "modest adjustments" to Medicare and other entitlements. That's it? Modest adjustments? Are you kidding me?
Instead, he aims to spotlight the alleged irresponsibility and partisanship of Republicans who would hold "a gun against the heads of the American people" over the debt limit and not allow him -- the paragon of fiscal responsibility -- to pay our bills and honor "the full faith and credit of the United States." Plus, he will aggressively pursue more "revenues" to close unfair "loopholes."
His purpose is to keep the evil Republicans on the hot seat over their threat not to raise the debt ceiling and over revenue "fairness," all the while claiming he's pushing for a balanced approach, by which he means a completely unbalanced, one-sided approach that focuses on tax increases only, ignores spending cuts and entitlements, and even includes new spending. If his ploy were to succeed, it would guarantee that America would go bankrupt, yet Obama is masquerading as the responsible one. It's surreal, and I swear I wouldn't believe it is occurring if I weren't witnessing it with my own eyes.
It's time for the naive among us to wake up and help in the fight instead of rolling over to this tyranny. Obama is going to continue his fast march toward fundamentally transforming America into a full-blown socialist state while pretending to be a champion of capitalism and representative government. Can those on our side at least quit providing him aid and comfort by refusing to open their eyes to what is happening?
It should now be abundantly clear what Benjamin Franklin meant when he responded to the question of what type of government the Framers had crafted: "A republic, madam, if you can keep it."
Well, can we keep it? Do we even want to keep it?
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins