Nemo me impune lacessit

No one provokes me with impunity

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No Title of Nobility shall be granted by the United States: And no Person holding any Office of Profit or Trust under them, shall, without the Consent of the Congress, accept of any present, Emolument, Office, or Title, of any kind whatever, from any King, Prince, or foreign State.

Article 1, Section 9, Constitution of the United States

If this is the law of the land...why in a republic (little r) and as republicans, do we allow mere POLITICIANS to the right to use a "title of office" for the rest of their lives as if it were de facto a patent of nobility. Because, as republicans, this should NOT be the case...just saying...

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Thursday, October 01, 2009

Deficits and Banks, What Else Will the Government Screw Up?

The present administration has brought us a staggering amount of debt. Mr. Obama can't blame it all on George W. Bush. His deficits both actual and projected are more than quadruple those proposed by Mr. Bush. Yet, his administration continues to "blame it all on Bush". When will this economic disaster become his own? Next November when in the "mid-terms" the Democrats lose disastrously at the polls.

• $1,650,971,205,167 added to the national debt, bringing the total to $7.5 trillion. {Congress recently raised the debt ceiling to $15,000,000,000,000.00}
• 99 banks taken over by the Federal Deposit Insurance Company.
• 684 banks receiving support from the Troubled Asset Relief Program that doesn't buy troubled assets.
• 11.2 percent: the percentage of the federal deficit to GDP. This is the highest that ratio has been since Japan surrendered in 1945.
• $164 billion spent out of the entire $787 billion in stimulus funding in the American Recovery and Reinvestment Act. Most of this has gone to Medicaid, unemployment and the Making Work Pay Tax Credit.

Here is the Office of Management and Budget, Congressional Budget Office's figures for the NEW projected Deficit. You must note that NONE of these figures include what will happen to the deficit once Congress seizes control of health care.

Keep in mind, Medicare was supposed to top out in total outlays in 1990 at $40,000,000,000.00, yet it's now more than 10 times that at $400 billion dollars. Initially $4 billion was set aside for it in 1968. Yet, it now costs 100 times that, when Congress projected it's highest cost to be 40 billion dollars.

Who actually believes that Congress is going to save us money on health care? Who believes that Mr. Obama isn't going to raise taxes on the middle class ten fold? Once the Bush era tax cuts lapse next year middle class tax rates will increase by nearly 30%. When Congress enacts the Value Added Tax (a tax on all goods and services) at a rate of 20%...how much disposable income will you have left? If you include that taxes that will be imposed upon when the exemption is removed from your health benefits (not to mention the tax if you don't choose to get health insurance)...Just how much stock can you put into ANY of Mr. Obama's campaign promises.

NONE! Congress has never, ever permanently removed a tax once it has been imposed. You will have to get used to a much poorer future. You will have far less money available by next fall. Remember that when you hit the polls...these corrupt politicians have done this to us...it's time to turn them all out.

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