IS IT TRUE October 21, 2012
IS IT TRUE that the Obama campaign has come up with another cute little word worthy of sitting alongside SNEGAL and that word is Romnesia, signifying forgetfulness of past positions as Republican Mitt Romney is regularly accused of?…that this is funny and has some ring of truth to it even for stauch supporters of Romney?…there should be another form of forgetfulness that is pretty much the same thing and it is spelled OBAMANESIA?…the definition of OBAMANESIA is the degree to which President Obama and his supporters are rationalizing away or forgetting the wide gap between what the President pledged to do in his 2008 campaign and what he actually did during his time in power?…the following three paragraphs identify some very clear performance metrics that come up very short of what candidate Obama campaigned on and what President Obama did?…what is good for Romnesia is also good for Obamanesia?…as some wise people have said in the past, we must NEVER FORGET and our prospective leaders should not be allowed to do so either?
IS IT TRUE between 2008 and 2011, federal welfare payments have jumped 32 percent, food stamps have surged, with 71 percent more spending on the program in 2011 compared with 2008 and health payments, principally Medicaid, have climbed 37 percent?… in fiscal year 2012, ending Sept. 30, the government spent nearly $11 for every $7 of revenues taken in?…the exact figures are $2.5 trillion in tax revenues and $3.5 trillion in spending, in other words, it spent 44 percent more than it had coming in?… the government under the Obama administration received $6.8 trillion in taxes and spent $10.7 trillion — 56 percent more than it had available?
IS IT TRUE that massive amounts of capital are being drained from the private sector and transferred to the government?… this is one reason why American businesses have gone on a virtual capital-investment strike?… small businesses, in particular, can’t get the capital being drained by Uncle Sam because banks and the Chinese have no incentive to loan money to small businesses with our own federal government loaning them money at ZERO PERCENT and borrowing it back at an average of 3%?… after four years of trillion-dollar deficits, both businesses and individuals have held back investment because they fear massive tax increases are on the way?… that’s a big reason why the so-called recovery has been so weak?
IS IT TRUE in our new entitlement nation, growing government dependency is ruining the very moral fiber and backbone of America’s traditional work ethic?… that increasingly, the feds are paying more to notwork, rather than providing after-tax incentives to go back to work?… Mitt Romney has taken a lot of flak for raising the issue of growing government dependency?…however inartfully he may have expressed his view, his basic story is correct that the sheer volume of spending going on in this country is bringing us ever closer to bankruptcy?… that it may be cynical but the explosion of people who are getting some kind of subsidy from the federal government lends credibility to the assertions of some people that the Obama campaign is trying to buy the election with this entitlement explosion?…the only real plan that we know for certain with respect to the next four years is that President Obama wants to raise taxes in order to spend more on government unions and entitlement programs?… this is not only redistribution, but it could be vote-buying, too?
