Pelosi's Orwellian Newspeak: Tax Cuts are Spending!

Posted by Brian

Nancy Pelosi, in yet another of her vile statements meant to insult the intelligence of every American, told the press today that "tax cuts are spending".

“Our whole budget is what, $3.5 trillion? So when we talk about reducing spending, we certainly must, and we certainly have — $1.6 trillion in the previous Congress, $1.2 of it in the Budget Control Act. But spending is also related to tax cuts. Tax cuts are spending. Tax expenditures, they are called. Subsidies for big oil, subsidies to send jobs overseas, breaks to send jobs overseas, breaks for corporate jets. They are called tax expenditures. Spending money on tax breaks. And that’s the spending that we must curtail as well.”

I won't speak for anyone else, but this writer is damn tired of intellectual dwarfs like Pelosi having the gall to assume that she can make such an asinine statement as this, and fully expect the American public to accept it.  Maybe her brain-dead constituents in the Bay Area are this comatose, but thinking Americans are insulted by her hubris.

Perhaps she is emboldened by the constant stream of lies flowing out of the White House on a daily basis on everything from the sequester, the state of the economy, Benghazi, Fast and Furious,  or any number of other problems facing the country.

What I do know is that Nancy Pelosi couldn't find her ass with a funnel if her life depended on it. Her statement is revealing, in that it shows the true mind of the statist, who believes that ALL money and wealth belongs to the government, first and foremost.  To them you didn't build it, earn it, or create it, and you certainly couldn't do it without them. For that reason, it is up to her, and others like her, to determine how much of what you earned you deserve to keep.

So, we have the new Orwellian definition of spending, which will now be the phrase we are going to hear from every Democrat, and its sycophants in the media, on all of the morning and weekend talk shows for the next two weeks, attempting to create a new reality in the weak-minded sheep around the country.

What an imbecile!

 

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Obama World

Posted by Brian

Obama World

Even Obama's own GAO warns that current spending is "unsustainable."

Posted by Tom

Obama and his administration is full of hypocrisy.  Anyone with the most basic understanding of economics knows that our Country moves closer to insolvency each and every day.  He's already increased taxes on everyone across the board, in spite of campaign pledges to the contrary, but has yet to take any steps to cut spending!

Here's what he said about this very same problem back in 2006.....


(It seems he's fond of using children to sell his bill of goods... )

Now, even the Presidents own Government Account Office, a fact that seems to have gone almost unreported in the mainstream media, warns that we're on an unsustainable fiscal path.  I'm not surprised given the fact that on average, everyday we're adding $3,699,744,466.56 dollars to the National Debt.  This translated to an annual increase of $1,354,106,474,762.13 in new debt last year.  Current estimates for 2013 are at best the same, if not worse.  This means that every TAXPAYER in America is currently $145,877 dollars in debt!

GAO report number GAO-13-271R entitled 'Financial Audit: U.S. Government's Fiscal

Years 2012 and 2011 Consolidated Financial Statements' which was released on

January 17, 2013.

"Increased attention to risks that could affect the federal government’
s financial condition is made more important because of the nation’s 
longer-term fiscal challenges. The comprehensive long-term fiscal 
projections presented in the unaudited Required Supplementary 
Information section of the 2012 Financial Report show that—absent 
policy changes—the federal government continues to face an 
unsustainable fiscal path. The oldest members of the baby-boom 
generation are already eligible for Social Security retirement 
benefits and for Medicare benefits. Under these projections, spending 
for the major health and retirement programs will increase in coming 
decades as more members of the baby-boom generation become eligible 
for benefits and the health care cost for each enrollee increases. 
Over the long term, the structural imbalance between spending and 
revenue will lead to continued growth of debt held by the public as a 
share of gross domestic product (GDP); this means the current 
structure of the federal budget is unsustainable. 

These projections, with regard to Social Security and Medicare, are 
based on the same assumptions underlying the information presented in 
the Statement of Social Insurance and assume that the provisions in 
law designed to slow the growth of Medicare costs are sustained and 
remain effective throughout the projection period. If, however, the 
cost containment measures are not sustained over the long term—a 
concern expressed by the Trustees of the Medicare trust funds, the 
Centers for Medicare & Medicaid Services’ (CMS) Chief Actuary, the 
Congressional Budget Office, and others—spending on federal health 
care programs will grow much more rapidly. GAO also prepares long-term 
federal fiscal simulations which continue to show debt rising as a 
share of GDP.

The Full report: Click here to view FULL REPORT

If Obama's inauguration speech is any indication of his future 
intentions, it doesn't look like he's willing to do what's right for 
America.  Our National Debt is the single largest threat to our National Security.

I solemnly Swear to make lame attempts,cutting down this tree with a utility Knife...