Obama: We Must Tax & Spend Our Way to Prosperity


Barack Obama announced on Friday that he had invited congressional leaders to the White House next week for talks on how to avoid the "fiscal cliff." He claimed that he was open to compromise with Republicans, but in the end the final deal must include raising taxes on the richest Americans. Hmmmm, does that sound like he is open to compromise to you? Yeah, me neither.

He said he wants to do more, including "bringing down the cost of healthcare (I thought Obamacare did that) and strengthen programs like Medicaid and Medicare (I thought they were completely solvent) for the long haul."

"But," Obama said, "we can't just cut our way to prosperity."

"If we are serious about reducing the deficit, we have to combine spending cuts with revenue and that means asking the wealthiest Americans to pay a little more in taxes," Obama said.

Well, then why not "ask" them to pay. But you see my friends, wealthy people who support Barack Obama are not lining up to offer to pay taxes are they? Have you seen Beyonce and Jay-Z writing a check to the federal government? How about Scarlett Johansson? Eva Longoria? Oh wait, maybe we missed Sarah Jessica Parker or Matthew Broderick? No, we didn't miss them because while they were willing to contribute to a campaign and raise money for Obama, they are not willing to part with money for nothing to the feds, are they?

No, what Obama means in this statement is "force" to pay taxes, not ask.

He claimed this is how Bill Clinton did things. He says this is how we can reduce the deficit while making the investments we need to build a strong middle class and a strong economy. The problem is that this is the direct opposite of what is needed to do just that. This is the same hair brained scheme that he went with in 2009 when he took office and we see where that has gotten us. Can anyone say more than $6 trillion in debt? How about over $1 trillion in deficits every year the man has been in office? How about those "investments" to help the middle class? Anyone recall the stock price of General Motors or the number of "green energy" companies that have gone bankrupt shortly after receiving millions of dollars of tax payer money?

Yeah, we'll just let that sink in for a bit. For those who have never been frugal with their own money, why would we expect them to be frugal with ours? Think about it.

Listen to the clip below:

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  • http://www.facebook.com/people/Ted-King/1790140730 Ted King

    It's easy to understand why Obama returned Churchill's bust given the following quote:

    "We contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." -- Winston Churchill

  • servant

    Well, now Spain, Portugal, France and of course Greece have already tried this method and in each case it failed, but This MR ACORN know it will work for the U,S.?

    The interest on our National Debt, is what? Larger that our National Budget was just a few years ago!

    MR:

    ACORN Japan has been trying this method for 20 years and for 20 yrs their economy has been flat and stagnant!

    Please learn from the mistakes of others, before we also must pay the price for the same errors!
    It's time Mr. ACORN, to wake3 up and smell the coffee!

  • Lee Baldwin

    Once again, MORE LIES from the obama when it comes to the middle-class. he says 'protect' but he means tax a crap outta us middle class people. "We the People" ARE his only option to get money from.~ KNOW THIS folks! ~GOD Bless America!

  • Whizz

    More people working and thus more people paying taxes is how we get out of this mess.But then that would not fit into someones agenda. So it will not happen. Sad,sad wake up people.

  • Kafir911

    That's what the fools in this country get for re-electing "Mr. Thompson".

  • gpo1913

    Let me ask a simple question. Has this ever worked in anyones household? Obviously not taxing but spending your way out of debt. As far as taxing, a few people taxed cannot save the masses. Why has Rich become a nasty word? When I was growing up,my goal was to work, have pride in your work, so I could become rich. We need jobs and all obama talks about is taxing and spending. We saw where that went in his first term. Over 36 failures in green energy,cuts in entergy production etc. Mr President, it's not your job to create jobs with our money. It's our job to WORK and BUILD America to greatness again. Your job is to protect us from foreign powers,not to invite them to oversee our elections.