The Smoke Break

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Quote Of The Day

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“Let the Hollywood crowd write those checks. Let academia write them. Let Acorn write those checks. Let members of Congress past and present write them. Let Mr. and Mrs. Obama, Mr. and Mrs. Clinton, and Mr. Carter write a few with their book royalties. Let checks be written by the faceless AND NOT SO FACELESS bureaucrat straphangers in DC and in statehouses whose jobs depend on deficits. Let the unions write them with dues rather than funding election campaigns. Let leftist bloggers write one as a rite of passage. Let the media write some. Let General Electric write checks. Let the Republicans who let us down write some as well. And let them be written by all who believe deficits should be funded with someone else’s money. Then we shall see what we can afford. I don’t have any more checks in my checkbook.”

(Dick Hough, Camarillo, CA, in response to the news that projecting the U.S. deficit out beyond the 10-year marker being used to sell increased debt through socializing American medicine shows the number nearing $10 trillion, or $214,000/person today.)

Fear-Mongering Begins For Tax Increases

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We couldn’t afford what they spent then, and we’re not going to be able to afford what they want to spend now.  But despite all the song and dance about stimuluses and leaving the middle-class alone while we fix more things that aren’t broken, at some point something has to give and administration officials today have begun spilling the beans that tax increases are coming.

“We will not get this economy back on track, recovery will be not strong and sustained, unless we … can convince the American people that we’re going to have the will to bring these deficits down once recovery is firmly established,” Treasury Secretary Tim Geithner said on ABC’s “This Week.” 

Asked point blank whether it was right to suggest it is a matter of when, not if, taxes will be raised, Geithner responded, “It is absolutely right.”

Former Federal Reserve Chairman Alan Greenspan warned that even a deficit-neutral plan being touted by Democrats to fund government-run health insurance program won’t be enough in the long run. 

“We have to attack both the original shortfall and make sure we fund whatever new initiatives that occur in the health care area. It’s not adequate to be strictly revenue-neutral, because there’s a lot more to be done,” he said, noting the large number of baby boomers who currently are signing onto Medicare.

Personally, I’ve not asked the federal government to spend anything close to what it has been spending for years on various programs and entitlements and special interests.  I never asked them to let Wall Street trade in toxic assets or to force banks to loan money to people who can’t afford to pay it back.  I didn’t ask them to buy not one, but two car companies for me.  I didn’t ask them to try to take over American medicine and I certainly never asked them to try to turn C02 into a trading commodity that will raise the price of everything so they and a few of their friends can become the “evil rich” they speak of so derisively today.

Did you?

Quote Of The Day

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Courtesy of Senator Orrin Hatch (R-UT), in yesterday’s Congressional record:

“After the massive amounts of government spending he has signed into law, President Obama had the audacity to proclaim in an April 18 weekly address that we need to restore responsibility and accountability to our Federal budget. Who are we kidding? The President cannot put us on the course to a $9 trillion deficit and then tell us we need to be more fiscally responsible. That is akin to someone killing their parents, and then complaining about being an orphan.”