Showing posts with label Clean Energy Act. Show all posts
Showing posts with label Clean Energy Act. Show all posts

Saturday, November 14, 2009

ObamaCare Will Contribute Hugely to National Debt Crisis!

All too often we're hearing conflicting numbers when Democrats talk about what some of their new programs will cost and how many people will be affected by it.  We hear that the "simple language" version of the healthcare bill will cost less than a trillion dollars.... but at the same time the full version will almost double that amount.  It's the same bill with the same provisions - AND ultimately the same costs, but it allows them to present a lower cost to the ears of those who are looking for more palatable numbers.  You and I, however, are the ones that are going to have to come up with the real cost.  If we can't, the debt will be carried over to our children and their children, and with the combined indebtedness of all of Obama's programs, our grandchildren's children.  And to just get caught up, folks, that would mean that the government would cease spending and implementing any new programs from here on out until the national debt is repaid.  That is not reality.
 
We're also learning that we'll be paying the taxes to pay for this healthcare bill for years before it actually goes into effect.  So, let's just think about this.  They're projecting that healthcare in 2013 will cost less than $1 trillion on the low side and twice that or more on the higher side.  I once used the analogy that it's like buying a car, paying for it for four years before you can ever drive it.  By the time you can drive it, its technology is outdated AND the purchase price doubled.  Think about that for a moment  WHY would anyone pay double for something that they can't take advantage of in the very near future?  And even more, why would people want to pay for something that other people will be using as well - and some for no contribution to the cost?  That just doesn't make sense to me.

The cost of these latest programs that the Obama Administration is shoving through Congress is passed through the Congressional Budget Office.  This office is responsible for adding up the numbers to come up with the cost of these proposed programs.  However, they can only work with the information that is given them and sometimes they're given incomplete information or proposals.  (Senator Baucus sent over a partial bill for them to figure the costs on so the numbers would fall below $1 trillion!)  Even though the Director of the CBO has made some public statements, we ordinary citizens aren't usually privy to that information unless it's televised on CSPAN and we happen to know when the Director will appear before some committee. 

So, if you'd like to hear from someone who know how these bills are calculated, here's a former Director of the Congressional Budget of Office sharing her perspective on the proposed healthcare bill and its impact on YOU.



The debt for each person in the country for the national debt as of today is $39,054.98.  (THAT MEANS WHAT YOU OWE, what each person owes - including children and infants (calculate YOUR own family's total!) - for the entitlements and government spending thus far!) If the taxman came knocking on your door to collect your portion of the national debt, how long would it take you to pay that amount? 

As Ms. O'Neill states, the national debt goes up another $5 million each day - just in interest.  So, we're compounding that national debt number very rapidly and your amount owed continues to go up!  That $39,054.98 amount is also without including the cost of the healthcare overhaul (this healthcare bill) - let's not deceive ourselves, it's not reform, it's overhaul! - and again, it doesn't include the cost of Cap and Trade/Cap and Tax (Clean Energy legislation which is before the Senate) which will come to us not as "a tax" but come DIRECTLY out of each person's pocket each and every month.  It will drive up simple day to day living expenses to levels which will be unsustainable for many Americans. 

During the Bush Administration, there was a term introduced, "fuzzy math".  The Bush Adminstration may have coined the phrase, but the Obama Administration has certainly mastered it! 

It's way past time to put the brakes on government spending.  The Congress doesn't speak in millions of dollars anymore (that's pocket change to them), or even billions of dollars  (that's folding money - in small bills), but in TRILLIONS of dollars without the least hesitation and without acknowledgement that, though we're considered a rich nation, we do not have that kind of money!  You are smart enough to know that if you don't have money, you should not go on spending.  Why shouldn't the government understand and adhere to the same?

It would be smarter and much wiser to slow things down, get the national debt reduced, make changes to the health care where there is an obvious need for change, and implement change as we can pay for them.  Our government should run its business like we should run our homes and businesses:  you pay as you go.  Congress, as you have observed, is not going to do that.  The Democrats are apparently "drunk" with the power of having control over the House, Senate, and the White House and they are not weighing the impact of their hugely expensive programs on the American people.  They're "just making hay while the sun shines", pushing through their ideaological legislation while they can. 

So it is up to you and me as voting citizens to communicate our concerns at the time of next elections and clearly send our message that they are not considering American's interests and well-being or the country's financial integrity in the global economy.  Congress and the White House need to understand that people have had enough of their extravagences and that they cannot label as extremists everyone who has deep concerns about where we're headed as a nation.  If they don't pay attention to the people, they must be made to pay with their political careers. 

(Note:  Here's an excellent article by Rich Lowry on why healthcare issue should be slowed in the Senate:  http://tiny.cc/HPtrH.)

Wednesday, October 28, 2009

US Allies - Growing Fewer by the Day!

Folks, it's way worse than lying and anyone - I repeat - ANYONE who doesn't know Obama is a liar has the intelligence of a rock. Our Eastern Allies, particularly Poland, have been victimized by Obama lies. Someone said in a blog (sorry, I wish I could remember who you were) said that everything Obama says has an expiration date. That is a kind way of saying that his truth applies to the moment only. He chooses to "remake" an outright lie into a semi-truth or spin the politi-speak into something that isn't exactly clear or accurate. (And who invented the word disingenuous? - A lie is a lie.... period!)

So, what is our global position now under Obama's reign? Rich Lowery has said it much better than I. Read his remarks at http://bit.ly/1pin24 .

Mr. Obama not only lies to our international friends, he is systematically breaking his pledge not to raise taxes on anyone making less than $250,000 a year. He already signed a cigarette tax increase in February, and this tax could be as much as $3,800 a year for a family and is therefore a more tangible breach of his promise than most of his fairy tales. His Cap and Trade program (which has been renamed to a more palatable "Clean Energy Act" will tax energy and manufacturing corporations who will pass those costs down to the rest of us (so it's an indirect tax). His massive healthcare overhaul will increase costs (though that's not technically called a "tax" either - it's really a matter of semantics) on everyone because they are requiring EVERYONE to purchase insurance or pay a stiff penalty. The healthcare overhaul, again will cost you in either premiums or penalties - take your pick!

So, with the cost of health insurance (or subsequent penalty for not purchasing insurance and the increased premium cost if you happen to be over weight), the cost of Cap and Tax, the cigarette tax, the proposed soft drink tax and on and on, you can see that your standard of living is going south very quickly. So, where's the prosperity he promised for everyone! This redistribution of wealth.... doesn't seem like that's a possibility because all his programs are creating big hits on the wallets of the majority of Americans.

So, not only is Obama losing allies on the international front, he's losing his own allies right here at home.... some in his own party who are questioning all this flip-flopping on campaign promises... and many of those who supported his campaign are now having voters remorse. (I wonder if the tingle up Chris Matthews leg is still as strong.)

Wednesday, October 21, 2009

Cap and Tax (Clean Energy Act)

I wanted to bring to your attention that we once again have another battle on our hands if we want to keep any of the money that we earn! Senators John Kerry and Barbara Boxer have introduced the Clean Energy Act a couple weeks back. It's been sort of just sitting there as the media focus has been on the Baucus Health Care Plan and now the closed door sessions to blend all five versions of healthcare reform into a single bill. But now, there's a full-bore push on the Clean Energy Act. (And they changed the name from Cap and Trade because it was too easy to make a slogan against it - "Cap and Tax" - but that's basically what it is.)


When the House rushed their version of the bill through, the CBO was called upon to make an assessment of the cost to American families. The CBO analysis looked only at the "day-to-day" costs of operating a trading program and did not include what the greater consequences that the necessary energy restrictions would ultimately have on the overall economy. The CBO added this footnote to their analysis: "The resource cost does not indicate the potential decrease in gross domestic product (GDP) that could result from the cap."

The Democrats in the House have said the cost would equal approximately the cost of a postage stamp. (Nevermind that the Post Office increases the price of the postage stamp every year or so with less and less efficiency. Symbolic?) However, the Obama Administration has estimated that the Cap and Trade bill would cost the taxpayers up to $200 billion per year, which figures to about $1,761 per year. (Geez, seems like that's in the neighborhood of what the penalty for not buying health insurance will cost!) If you listen to what Obama said about his proposal, even he says that the cost of electricity is going to go up significantly. OUCH!

Again, it's time to put the pressure on our legislators about Cap and Trade or the "Clean Energy Act", stand our ground, and make them realize that every one of the issues that they have pushed through (piling one on top of the other) in the last few months is going to place upon the average American citizen a burden that they cannot afford. These issues do not affect the wealthy lawmakers - especially those who conveniently forget to pay their taxes - so they have no context on how it affects the daily lives of "normal" Americans. Those who are just getting by will no longer be able to make ends meet, and those who have been falling behind due to loss of jobs will never be able to get their feet back on the ground. It will utterly destroy many families financially.

If you haven't read my article of about three week ago on this subject, you may want to check it out here: http://tinyurl.com/y9zg73a.