Tuesday, July 12, 2011

Obama is Scaring Seniors and Loving It!





Barack Obama, The Demagogue in Chief, dusted off one of the Democratic Party’s oldest tricks in their worn out playbook:  scaring seniors.  Yep, it was as predictable as the sun rising in the morning.  And of course CBS News was a willing accomplice.  News Anchor Scott Pelley asked the Messiah if Social Security checks would be issued after the August 3rd debt ceiling deadline.  Here was the response from Dear Leader:

"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it."

This assertion is a complete fallacy.  CNSNews reported the following:

However, according to the Daily Treasury Statements published by the U.S. Treasury Department, the ongoing flow of federal tax revenue since the Treasury declared that it had hit the debt limit on May 16 has been more than sufficient to cover the combined costs of federal spending on interest payments, Medicare, Medicaid, Social Security, the Veterans Affairs department and federal workers wages and insurance benefits (including wages and insurance benefits for military personnel).



Specifically, according to the Daily Treasury Statements, as of the close of business on May 16, the federal government had taken in $1.333454 trillion in tax revenues since the beginning of fiscal 2011. By the close of business on July 7, tax revenues for fiscal 2011 had grown to $1.629630 trillion. Therefore, between May 16 and July 7 the federal government took in a total of $296.176 billion in new tax revenue.


Wow!  Exxon/Mobile would be envious of those tax-free record profits.  Oh, wait a minute…the federal government doesn’t produce anything, nor do they make profits.  But they sure as hell do a good job of scaring senior citizens.  I guess that is one marketing technique that can’t be duplicated by the private sector.



A new movie should be made:  Barack Obama Scaring Seniors and Loving It.






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