Obamacare: It's Even Worse Than You Think

The reasons for the public revolt are easy to see. The Democrats want to spend $1.5 trillion over a decade, impose an $800 billion tax increase in the midst of the worst recession in a generation, increase federal borrowing by $239 billion (on top of the $11 trillion the Obama budget already requires us to borrow through 2019), impose costly mandates on employers that will discourage hiring as unemployment nears 10 percent, force individuals to buy one-size-fits-all government defined insurance, and insert the government in countless new ways between doctors and patients. All of that would occur whether or not the plan includes a "public option," which at this point it does include and which will exacerbate all of these problems.

As these facts have become clear, Obama's standing has fallen and public opinion has grown decidedly less enthusiastic for the administration's approach. The trend is likely to continue, because the details of the plan reveal that its two most serious drawbacks--its cost and the prospect of government rationing--are worse than even most of their critics have grasped.

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Obama and God

What does God have in common with Obama?

• Neither has a birth certificate

What's the difference between God and Obama?

• God does not think he's Obama
  
  
• Liberals love Obama
  
  
• Obama gets better press
  
  
• God only demands to be worshipped once a week
  
  
• God asks for only 10 percent of your money
  
  
• God gives you freedom to live your life as you choose
  
  
• God's plan to save us is actually written down for you to read

From The Rush Limbaugh radio show today, June 10, 2009

The comparison to God comes after recent comments by Newsweek editor Evan Thomas, who said on MSNBC's "Hardball" that Obama was "sort of God."

Tell us something we don't already know

June 3 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said large U.S. budget deficits threaten financial stability and the government can’t continue indefinitely to borrow at the current rate to finance the shortfall.

No shit! I knew that. Maybe somebody should have told Obama and the Democrats before they dug this ridiculous hole we're now in.

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Ten Tax Facts for Tax Day Tea Parties

GATEWAY PUNDIT REPORTS:

#1. Under the Obama budget, the Congressional Budget Office (CBO) projects that the national debt will double over the next five years; and it will triple over the next 10 years to $17.3 trillion.

#2. Under the Obama budget, CBO projects that the national debt will soar over the next 10 years from 40 percent of GDP today to a shocking 82.4 percent. (Ronald Reagan left office with the national debt at 42 percent of GDP).

#3. The president’s budget also states that total federal borrowing will grow by $2.7 trillion this year alone, an increase of 27 percent in one year!

#4. The budget President Obama proposes for this year increases federal spending by an incredible 34 percent over the previous year, with a total of $4 trillion in federal spending, the highest ever.

#5. The federal budget deficit (not the national debt) would reach $1.845 trillion this year, according to the CBO, the highest ever. That would be more than seven times Reagan’s largest budget deficit of $221 billion, which caused so much consternation among Reagan’s critics.

#6. The CBO estimates that this Obama budget deficit will total an astounding 13.1 percent of GDP, more than one-eighth of the entire U.S. economy, for the federal budget deficit alone! Under George Bush, the federal deficit for 2008 was 3.2 percent of GDP. The deficit for fiscal year 2007, in the last budget adopted when Congress was controlled by Republican majorities, was $162 billion, or 1.2 percent of GDP.

#7. The Obama budget also includes $1 trillion in tax increases on the upper 5 percent of income earners, mostly tax rate increases. But the top 5 percent of income earners already pays 60 percent of all income taxes.

#8. The Obama budget projects that revenues from the corporate income tax will more than double in 3 years, increasing, in fact, by more than 124 percent.

#9. Another $645 billion tax increase comes from President Obama’s anti-global warming cap and trade system, which is essentially an energy tax on the production and use of carbon energy, such as oil, natural gas, and coal.

#10. While the Obama administration claims to have cut $2 trillion from the budget over 10 years, fully $1.5 trillion of those “cuts” actually represents the troop drawdown in Iraq, which was already scheduled to occur under the Bush administration. Of the remaining $500 billion in budget “savings,” fully $311 billion is categorized as “interest savings” but is actually an additional tax increase on upper income earners.