Balanced? Okay Democrats, Put Up Or Shut Up

Doing The Right Thing Isn't Waging Class Warfare

The other day I wrote about Harry Reid and his idea of a "balanced approach" being raising taxes on the wealthy, who are the job producers in this nation, hitting big oil which is being stifled from drilling our own reserves and axing the tax credit on corporate jets. Those are the same jets that Obama addressed in his stimulus plan when the credit was given. Of course, the main stream media seems to omit the facts and helps this administration continue to wage class warfare as the solution to the nation's problems. It isn't.

Obama, during the debt ceiling negotiations, got stuck on taxes. The fancy words for raising taxes on the people who actually pay those taxes are "revenue increases" or, if you like, "revenue enhancements." What S&P was primarily concerned about when they downgraded the nation's credit rating was the excessive spending and debt accumulation that has occurred during the past two plus years. Instead of actually decreasing spending that causes the national debt to be lowered, the projections on this latest smoke and mirrors act, assuming a perfect scenario, only has a 10 year projection of increasing the national debt by 7 trillion dollars instead of 10 trillion. How about watching this video before we go on.

If You Don't Get It, You Never Will

The fact is that the Democrat's fiscal policy of what a "balanced approach" means is higher taxes on high earners, business income and capital gains. All three of those categories are known to stifle economic growth. In these hard economic times, why are they even considering stifling growth rather than promoting it? During the debates it was apparent that Obama and the Dems saw the solution as raising taxes. No rationale was ever offered because there isn't one. In the absence of rational thinking it becomes apparent that the objective of all those sound bites we kept hearing was waging class warfare is their objective. Our nation doesn't need that sort of nonsense either.

Unfortunately, the raising of our taxes equates to them being able to spend even more of our money rather than less. Look at the dismal spending cuts they just instituted in order to raise the debt ceiling so the spending can contiunue.

Ever wonder why cats like catnip? The same reason that a progressive likes to wage class warfare. Has class warfare ever promoted any growth in an economy? How many jobs has it created other than a community organizer job? If we're going to reform the nation's fiscal policy to promote growth, which is a mandatory element, it needs to be coupled with the other two keys - spending cuts/entitlement reform and higher taxes.

Lets mention the Bush tax cuts since they keep getting mentioned here and there anyway. They were extended by a Democratic majority in both Houses and Obama for a reason. It isn't in anyone's best interest to raise taxes during a recession. We're still in one in case you have failed to notice. What were they worth to high earners? The figure is $700 billion. What were they worth to everyone else? This will bring out the naysayers but facts are facts. They were worth $2.8 trillion big ones. See the difference between the same cuts being applied? Are you willing to give back your part of the $2.8 trillion? Of course you aren't. They'll waste that too.

The fact is that even if you raise the tax rates on high earners there still won't be enough money produced to make a dent in all of Obama's proposed spending. There aren't enough rich people in this nation to make up that deficit. So we raise all those "revenue enhancers" and the opposite effect occurs than what needs to be done. You stifle growth and cause the people who are the risk takers not to take the risk. Why do you think all the banks and big corporations are sitting on trillions of dollars? They don't want to take the risk when looking out at all the uncertainty this administration has produced in less than three years. I can't say that I fault them because it isn't primarily their money they are dealing with but other people's money.

Now understand something and file it away. Economics has absolutely nothing to do with class warfare. Obama knows, self-admittedly, that he knows nothing about economics but he is a master at waging class warfare. After all, his main claim to fame was being a community organizer in Chicago. Lets see if the Democrats are really serious about raising taxes. You know, the old put your money where your mouth is time. If they aren't, my point here will be proven.

Lets look at a some broad based approaches such as a regressive tax increase such as the Value Added Tax, a FAIR tax system where "everybody" is taxed rather than 51% of wage earners paying nothing, or sock it to everyone with a large payroll tax increase. Either reform the tax system where it is equitable across the board or I know you aren't serious at all and are just intent on waging class warfare in an attempt to get reelected. I think people are catching onto the fact that a lot of this is about them getting reelected rather than the welfare of the American people and our pocketbooks.

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Comments 25 comments

CMerritt profile image

CMerritt 5 years ago from Pendleton, Indiana

Frog, this is an excellent hub, if only those who voted for Obama without knowing anything but what Oprah said about him would just read this, they would then understand why we are in the shape we are in...

The Fair Tax system would do wonders to correct our problems...if only it was actually possible, because too many in washington would be hurt if this would happen.

This hub is up, awesome, useful and very interesting!!


The Frog Prince profile image

The Frog Prince 5 years ago from Arlington, TX Author

CMerritt - That's one of the problems we face. Many of them on Capitol Hill are interested only in continuing to warm those seat cushions. Maybe if we made them sit on a cement block they'd decide to get a job that produces something other than partisan BS.

Share this with your followers if you will.

The Frog


Alanlsg 5 years ago

Great Hub FP and taxes should be cut and spending cut and their should be a Robin Hood tax on all Banks.

Apply those measures and amazingly tax revenue will increase and funny enough cutting spending is done by cutting beaurocracy

Funny how no politician anywhere will apply all three and it is because they are all short termists just in power for what powers gives them and their cohorts.

We need statesmen both sides of the pond who will do what is necessary, tell the people in plain English and get on with it.

Cheers

Alanlsg


Partisan Patriot 5 years ago

Way to go Froggy; keep pounding this point home; we don't have a Revenue Problem we Have a Spending Problem but the Democrats know that doesn't play well in Peoria; at least in the Union Halls in Peoria so they keep rousing the rabble with their Class Warefare BS!


TimBryce 5 years ago

Frog -

I have a problem with the President when WE are forced to pay for HIS mistakes.

Regards,

Tim


drbj profile image

drbj 5 years ago from south Florida

Ooh, Frog, I like that idea about forcing Congress to sit on a cement block instead of those comfortable, cushy seats they inhabit. Maybe then, their brains would migrate back to their heads where they belong.


Harvey Stelman profile image

Harvey Stelman 5 years ago from Illinois

Froggy, I agree with you on the scores, I've seen many with many with less comments than others. get higher scores.

I hope you noticed the media yesterday, many are turning on Obama. That also means their turning on themselves also. H


breakfastpop profile image

breakfastpop 5 years ago

Great hub. We re talking re-distribution of wealth. Get the people who actually work hard, earn money, employ people and pay taxes to give it all to the rest who don't contribute a thing .Just look at England and see what happens when you grow up thinking you deserve it all for doing absolutely nothing. Obama and company want to raise taxes so that they can spend our money the way they see fit. Thanks, but I think I'll hold on to my cash. Up, useful and awesome.


The Frog Prince profile image

The Frog Prince 5 years ago from Arlington, TX Author

Alan - Term limits, another whole different subject, would allow for the return of "statesmen" rather than career pick pockets who are only interested in getting reelected and padding their pockets.

PP - The Union Halls just got their butts spanked in Wisconsin. They spent $37 million of their members dues in waging a lost cause. If I were a rank and file guy I think I'd be pissed and get me a non-union job.

Tim - The problem is that we're paying for his mistakes, his vacations, his golf outings, his shelter, his food and the list goes on.

Harvey - It takes the liberals a while to start eating their young but eventually they get around to it.

BPOP - I have very little sympathy, and absolutely no empathy, for the welfare leeches in our society. They need to be made to get off their butts, push away from the goody table and be productive members of society instead of anchors around the tax payer's necks.


marcoujor profile image

marcoujor 5 years ago from Jeffersonville PA

Yes, Mr Frog, I "have" noticed and I think a 44 is a travesty... I continue to vote YOU and your writings UP and UAI, mar.


dallas93444 profile image

dallas93444 5 years ago from Bakersfield, CA

Another great article. Thanks for sharing. Flag up!


RealHousewife profile image

RealHousewife 5 years ago from St. Louis, MO

Frog - you put both balanced and Democrats in the title - hahahaha! Next - raising our taxes is a fabulous idea right? Now the higher earners are broke too!!!


b. Malin profile image

b. Malin 5 years ago

This was such a Wonderful, Scary Hub Froggy and that video was so Clever and also Scary for the Upcoming Generation...It's a Spending Problem STUPID...and the Public is Smart enough to get that...Now if Washington only would. Excellent, Excellent Hub Froggy.


American View profile image

American View 5 years ago from Plano, Texas

Frog

Good hub. You frogot one important fact on the Jet tax, it expired in 2010. Obama is looking to cut a tax break that does not exist.

Here is a great article on how the expiration of the Bush Tax Cuts will hurt the middles class. There is even a link to a calculator so one can see for themselves.

http://thebushtaxcuts.blogspot.com

I think you like it. Leave a comment if you like it


Pollyannalana profile image

Pollyannalana 5 years ago from US

Ah, I loved that video! Great hub! Take a look at this and I will leaves yours there for them!

http://hubpages.com/politics/Leave-Obama-Alone...


Darlene Sabella profile image

Darlene Sabella 5 years ago from Hello, my name is Toast and Jam, I live in the forest with my dog named Sam ...

Hello mate, As always a spot on article, and about the email you sent to me to read your email, first I am working as a journalist for our newspaper and I, for my part in all of this, write about how to help senior citizens survive through this, many of them are not eating and all the budgets have been cut due to our, jerk of a president. We can all support each other in many ways, most importantly keep writing about it. I for one had many friends here on hub pages and have been working on my own blog, and the newspaper. Only two friends, you were one, that ever came by to say hello and make a comment, out of sight is out of mind. Yes, we are all busy in or own right. I will come by whenever I have a free moment as I love your work and agree with everything you write about. Cheers and have an awesome day vote up


Harvey Stelman profile image

Harvey Stelman 5 years ago from Illinois

Froggy, Excellent response. H


Sam Dolloff profile image

Sam Dolloff 5 years ago from Maine

Excellent Hub! If only Congress and the president would actually look past the next election we might get something done. Also taxing the crap out of the higher class is only making companies go overseas instead of staying here and creating jobs.

I say your right! bring out the concrete seats!!


dahoglund profile image

dahoglund 5 years ago from Wisconsin Rapids

How about if a politicians actions don't work the way they say that they should pay the cost of it themselves.Like everyone who voted for the "stimulus" plan should have to be held financially responsible for its cost/


TheManWithNoPants profile image

TheManWithNoPants 5 years ago from Tucson, Az.

Excellent work Frog. I love what dahoglund said also.

jim


34thBombGroup 5 years ago

I HAVE noticed Your Highness and think it stinks to high heaven. Everything these "I want" "I need" "I'm gonna take it from YOU" folks say is a campaign speech. How they think the "I'm gonna take it from you" bit is playing are showing their ignorance of us little people who appear to be keeping this country afloat.

Unfortunately-many of these people will be reelected because the American voter is usually rather lazy (see 2009). Hopefully, the miasma this country finds itself in will energize us to get out and vote - if WE don't, we can't bi1*h about the results. And, no, I didn't vote for this guy and hope the Republicans get THEIR act together and put forward a decent candidate.


TheGroundsquirrel profile image

TheGroundsquirrel 5 years ago

Nathan Rothschild observed in 1838, "when the issuance and control of a nation's money are in private hands, the laws and the people who make them become irrelevant".

Ahem, attention politicians and other assorted idiots, I believe you all to be irrelevant. Life is good in Sherwood Forest, a pox on those inside the castle.


Ghost32 5 years ago

Love your work as always, Jim, but must take issue with one line:

"Obama...is a master at waging class warfare."

No he's not. He THINKS he's a master at waging class warfare. And perhaps by earlier, cruder standards (think 2008), he might qualify as a master.

But he's making the same mistake made by many others over the years: He's fighting his current war with the methods and weapons of the LAST war (again, think 2008). He's still reckoning without the ever-increasing awareness, committment, and common sense savvy of America in general and the Tea Party in particular.

Where does this leave him, really? About as effective as Saddam Hussein, speechifying on TV about how he was about to crush the American-led coalition in The Mother of All Battles.

Saddam's army, sufficient to give the Iranians fits for years, was barely shredded tissue paper against the Coalition.

Obamas army (of zealots), sufficient to slip him into office in 2008, will in 2012 be barely shredded tissue paper against the folks who built this nation and continue to keep it going.

So sayeth the Ghost.


American View profile image

American View 5 years ago from Plano, Texas

So sayeth the flock


The Frog Prince profile image

The Frog Prince 5 years ago from Arlington, TX Author

Fred & AV - AMEN!

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