Thursday, November 5, 2009

Word's Still Mean Something

Word's Still Mean Something

"Whatever words we utter should be chosen with care for people will hear them and be influenced by them for good or ill. " --Buddha

Since White House Communications Director, Anita Dunn revealed her fascination with Mao Tse Tung and his "can do" attitude that wiped some 40-60 million people off the map, I have been searching for common ground with these people. It is clear they do not value the "so-called Founders" (as President O calls them) and it is obvious to even the simplest and most trusting mind that Nancy Pelosi doesn't give a hoot about the Constitution. Now we are to understand that Dunn admires Mao. Where to meet halfway?

Buddha, I thought. Who can argue with Buddha? "Whatever words we utter should be chosen with care for people will hear them and be influenced by them for good or ill."

Words: President Barack Obama promised the American people during his speech before the Joint Session of Congress: “I will not sign a plan that adds one dime to our deficits – either now or in the future. Period.”

Fact: The Congressional Budget Office (CBO) estimates the cost of the Pelosi bill at approximately $1.1 trillion, over ten years. Pelosi estimates $894 billion. The House Budget committee puts the real cost at something like $2.4 trillion for the first decade of operation. There aren't enough tax hikes even in the diabolical little minds of those on Capitol Hill to fund any of the estimates. One thing is for sure: Tax rates will rise dramatically and the deficit will rise even faster.

Truth: Congress doesn't understand economics. They believe that tax increases raise revenues in a dollar for dollar direct correlation. History argues otherwise. Rising tax rates discourage growth of the thing being taxed: consumption, income, investment, well you get the idea.

In his book, The End of Prosperity, Dr. Arthur Laffer writes of a remarkable and point-proving revenue estimate made by the Joint Committee on Taxation in 1989. In response to a request from Senator Bob Packwood to estimate the revenues that would be raised from a 100% income tax rate on all Americans with earnings above $200,000, the committee reported that the 100% tax rate would result in $104 billion in new revenue in the first year of the tax increase, $204 billion in the second year and $232 billion in year three. In other words: The economic experts in Congress believed that when the tax rate is 100%, citizens will continue to work and produce at full capacity even though 100% of their income is going to the government.

I think we already fought and won the war against slavery over a century ago. Right?

The Health Care bills (all 3000 plus pages) and the issue of reform has been an exercise in obfuscation and downright lies by our elected officials. No funding for abortion. A public option. You can keep your health care if you like it. 47 million uninsured. 42 million uninsured. 34 million uninsured. Whatever. In the coming days we will expose every lie. You have the right to know. Health care is in fact a straw dog argument, a Trojan Horse if you will, for the boldest power grab this Republic has ever seen. If Nancy Pelosi has her way, the bill will be voted on this weekend. Call, write...and for all our sake, pray.

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