Sleepless in D.C. - Polling, Apprehensive Debt Point to Why

Co-Host Post by Left Coast Rebel

Today I'm reading polling data at the NYT, ( an unlikely source here), that shows that the Obamanation's polling numbers on specific economic points significantly trail his overall approval. This is something that I personally have been made more aware of in the recent past weeks. Note the chart to the left, the most striking points to me are in the middle, the budget deficit questions. Points I have on this -

• a). The Obamanation has lost credibility on spending, ie. the public thinks that he is throwing money at every problem.




• b). The deficit is worrisome and dangerous. Main street senses this, "It's not how I run my household..." being heard at kitchen tables every night.

c). He trails even on Health Care, only 44% approve with health care. Apprehension towards the red sucker of socialized medicine?

These two themes haven't collided with the Democrats and the Obamanation quite yet but they will, eventually the numbers on overall favorability will represent the anxiety at the main street level towards the unacceptable level of government debt and increase in entitlement spending. The 'never let a good crisis go to waste' theme taking hold .

Also in this New York Times article is a little snippet on the Obamanations's quote recently that the budget deficit is ''something that keeps him awake at night.'' Horse-hockey. Since when has our Manchurian Candidate been restrained by the deficit, or for that matter, the power brokers behind the scenes that hold the true power today? They just want power and federal entanglement, pure and simple - even to the point of bankrupting our future prosperity. They know precisely what they are doing to our country, that the future debt levels will risk everyone in our society with a tax-burden that will smother economic activity. It is the height of naivete for the Obamanation to put up a front of 'sleepless in D.C.' whilst piling piling new spending on top of gigantic deficits, hawking new budget-busting entitlement programs, (furthering the nightmare), and crushing business.

The chart to the right drives this point home, this time from a CCN Money article here. The video above parallels the article as well. The CNN/Fortune Mag articles is one of the best I have seen - it takes point of the trajectory that the Obamanation has put us on with federal spending and balances viewpoints and analysis between Paul Ryan (the budget committee chair and GOP free-marketeer), and Paul Krugman, (the NYT liberal columnist/Keynesian brainchild).

Points from this article, again here -

"The bill is far too big for only the rich to pick up. There aren't enough of them. America will have to lean on citizens far below the $250,000 income threshold: nurses, electricians, secretaries, and factory workers. Within a decade the average household that pays income tax will owe the equivalent of $155,000 in federal debt, about $90,000 more than last year. What the Obama administration isn't telling Americans is that the only practical solution is a giant tax increase aimed squarely at the middle class."

Exactly. This folks, is the biggest lie told in campaign history and/or Washington - that 95% of Americans will either have their taxes cut or not face an increase under the Obamanation. The numbers simply do not add up. Everyone is going to have to suffer from the largess. On this largess, the nation of the Obamanation the article continues -

"It can't go on forever, and it won't. What will shock America into action is the prospect of fiscal collapse, which will grow more vivid each year.... Under Obama the Bush trend keeps going, but this time on steroids...Making the challenge far greater: Obama's budget is packed with a wish list of expensive new programs, led by a giant health-care-reform plan. He promises to pay for them mainly with higher taxes. But if extra revenues don't materialize - and most that he's proposed now look unlikely - will he abandon many of his cherished priorities or push them through without full funding, substantially deepening the debt crisis? The answer could determine how fast America reaches the hour of reckoning that could usher in a VAT. "

And the frightening part, dear reader is that both Paul Ryan and Paul Krugman think that a massive increase in taxes and a VAT are coming down the pike. For analysis of the VAT read my article here. Ryan on the VAT - "The VAT is definitely the trajectory Obama is putting us on, the VAT may be the beginning of the end of the American empire."

Not if we stop it first.

Is it Good for America - Dwight Eisenhower and Debt Stars

About this Blog: Left Coast Rebel


Author's Bio: Purveyor of Capitalism and Freedom

I may sound like I'm beating a dead horse here at the Left Coast Rebel. As is for the course of our country under the Obamanation, day in and day out I am confronted with sabotages thrust forth from Washington that I believe threaten our very well being. Be that this is the case, I'm going to keep beating this poor creature. An op-ed still fresh on my mind here from Investor's Business Daily, whip in hand, flogging begins....

The duo of Ernest S. Christian and Gary A. Robbins put together the piece, Christian is the executive director CSTR.org, Robbins is the chief economist. Browsing their site here, I find the group to be a stalwart defender of freedom from excessive taxation, guided by the ethos of President Eisenhower - "I have one yardstick by which I measure everything...Is it good for America?" Note the organization's symbol at left.


A simple, noble concept....Is is good for America?

So many citizens today have simply forgotten this, jettisoned to keep their own little corner. Take political parties for instance. The Bush administration and both houses of Congress held the keys to power for six consecutive years since the 2000 election. Did America experience a massive curtailing of entitlement spending, increased liberties, a back to the basics constitutional Renaissance ? Not quite. Eager to please and hungry for power and Party, Bush and Republican members of Congress slowly morphed into everything that conservatives in the grass-roots hate so much about the system. They built power for The Party, not for the ideals that got them elected. Spending boomed to levels not seen since LBJ. In the middle of this electoral stint, Reagan was buried, and forgotten. My own GOP congressman was indicted, then sentenced to life in prison on corruption and money laundering. They failed the concept....Is it good for America?


Noble concepts forgotten by the GOP, a new administration has taken the helm. Flanked by powerful majorities at either side, just as the GOP in 2000 to 2006, the American public, corralled and fear-stricken clung to bromides of 'hope, change.' So the emboldened administration and a uniform House and Senate have set forth an agenda, some of which is completed. I have italicized points that are directly related to the Obamanation. From the article

• American families over the last year lost 8% of their net worth, buried under a mountain of mortgages, and debts. If the president has his way, they will face a 100% increase in public debt, from 8 trillion to 17.3 trillion in 2019.




• Even without the Obama surge in debt — and taxes to pay it off — taxpayers face the prospect of 60% to 70% income-tax rates in the future to pay for $48 trillion in unfunded liabilities under existing entitlement programs. Now the president plans to burden the economy's limited taxpaying capacity with a universal health care entitlement.




• (Reader, this is government efficiency, highlighted) - Paying off Obama's 10-year string of deficits that add up to $9.3 trillion with income tax increases of $9.3 trillion over 10 years would cost the private sector $23 trillion to $37 trillion, it costs the private-sector economy $4 ($1 of tax and nearly $3 of economic damage) to provide the government with $1 to spend.

And the net result of the Obamanation's policies? From the close of the article -(Congress and Obamanation).... "a borrowing spree that puts America in the same unsustainable position as an overstretched boomer with too much debt and too little income and whose only option is to refinance at higher costs just to pay the interest."

Simply put, the most concise piece I have come across that destroys ever vestige of the progressive agenda. Are you comfortable with the thought of our national debt doubling? Do you think that it is sane to create yet another entitlement program when the failed promises of Social Security and Medicare are already going to bankrupt us in the future? Is this not suicide for an ostensibly free society to knowingly add an entitlement program to the list when your children will already be burdened by 60+% tax schemes, essentially robbing their livelihood piggy-bank, smashing it to pieces? Do you think it wise for a leader to call for more taxation and largess as the solution to every problem in the US? Do you really believe that there are enough rich people to finance all of this and that everyone won't eventually be bludgeoned? Do you want to fork over $4 so that $1 reaches the end goal? Could you run your household and your family in that manner of efficiency? Do you think anything being proposed in Washington today stands to the test of.....Is it good for America?


If you do, then just simply rest on your laurels and watch your freedoms evaporate....after all, why bother? If you don't however, I'll see you at the July 4 Tea Parties and at the 2010 Voter Taxpayer Revolt. Until then, I'll keep beating this dead horse - day in, day out.....

New Conservative Generation

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New Conservative Generation

About this Blog:

New Conservative Generation is a political commentary style blog. The author specializes in political posts on economics, but will post on almost any political issue. Comments are common from both left and right wing bloggers, so if you are looking for a civil debate, this is a good place to put your points to the test.

Author's Bio:

The main author on New Conservative Generation is C Gen (aka Conservative Generation). C Gen has worked the last year in the credit department of a large publically traded corporation, while finishing up his MBA in Accounting. Prior to that, he worked as a manager in the mortgage industry, where he worked with all of the largest mortgage companies; Citimortgage, Chase Manhattan, and PHH Mortgage.

C Gen has degrees in economics and business. He was also one class shy of a finance bachelors. While working on his economics degree, C Gen was a TA and taught introductory courses in economics. He also worked on a project to determine political characteristics responsible for growth, or stagnation of Asian economies. The project was presented to the NYS Economics Association.

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