Monday, July 25, 2011

Tea Party, the Debt Limit, the Federal Budget, and a Solution—part 5

President Barack Hussein Obama claims, that to balance the federal budget, taxes must be raised. That the wealthiest should do their part. The problem is: IT IS NONSENSE!!! The wealthiest pay the bulk of income tax in this country NOW!!! 40% of filers not only paid NO federal income tax but also received MONEY from the federal government! 53% of filers were taxed to GIVE MONEY to 40% of the filers. Another 7% did not receive additional money from the federal government but also did NOT pay any income taxes. ONLY 53% of ALL filers PAID ANY INCOME TAX TO THE FEDERAL GOVERNMENT!!! 53% paid federal income tax; 47% PAID NOTHING and MOST of them GOT MONEY BACK FROM THE FEDERAL GOVERNMENT!!! Is that their fair share?

What is President Barack Hussein Obama’s definition of fair? If he wants more of his money to go to the federal government he can give more of HIS money to the federal government. He has NO CONSTITUTIONAL RIGHT OR AUTHORITY to take money from one group and give it to another group! NONE!!! AND NEITHER DOES CONGRESS!!! The purpose of a tax system is to collect money for the operation of government as allowed by the Constitution. NOT to REDISTRIBUTE WEALTH from one group to another!!!

That said, my first position is to NOT RAISE the debt ceiling. The economy will NOT tumble and the government WILL NOT default on its debt unless the President wants it to do so!!! What will happen is that President Barack Hussein Obama will have to make some very difficult decisions on who will receive money from the federal government and who will not. And he should be put in this position because it has been the Democrats who have REFUSED to pass a budget over the last two years!!! It is the Democrats who have REFUSED to CUT SPENDING!!!

He will have to decide whether or not to cut Unconstitutional programs used by the Democrats to buy votes or not give money to programs that are Constitutionally mandated and established by Congressional law. Welfare checks or social security payments? Military payments or payments to Planned MURDERHOOD and similar programs? He’ll have to actually establish PRIORITIES!!! And believe me, he does NOT WANT to be placed in that position—to make these hard choices!!!

What happened in Minnesota? The Governor caved! President Barack Hussein Obama does NOT want to go into the 2012 election as the President who cut spending because he had no choice. And it is the fault of the Democrats. The Republicans HAVE OFFERED proposals both for the 2012 fiscal year budget and for resolving the debt ceiling problem. The DEMOCRATS have offered NOTHING!!! And rejected the debt ceiling proposal WITHOUT discussion!!!

Where is the BUDGET? Where is the debt ceiling PROPOSAL? Nothing from the Democrats! NOTHING!!!

However, if there is a deal to be made, here is the only acceptable compromise!

Repeating my compromise proposal:

1) The Balance Budget Amendment is dropped!

As I wrote on my July 16th post:

“The truth is, if we restore the Constitution, this proposed Constitutional Amendment will be meaningless and unnecessary. If we don’t restore the Constitution, it is already meaningless and unnecessary because the government will continue doing whatever it wants as it is NOW doing!!!”

2) BEFORE ANY raising of the debt ceiling, Congress passes and the President signs a 2011-2012 fiscal year budget!

As I wrote on my July 15th post:

“That’s not all though. The federal government has still not approved a budget for the 2011-2012 fiscal year. The new fiscal year begins October 1st. That’s less than THREE months away!!! Three months away and no budget so we have NO IDEA how much the next budget will contribute to the growing deficit. The House of Representatives passed a budget that cut back on spending. The Democratic controlled Senate rejected it. The Democratic controlled Senate then also rejected the President’s budget which would have increased spending. Even though the President now claims that he is for cutting “some” spending. The Democratic Senate is NOT close to passing a budget for the coming year. Isn’t a budget for the coming year more important than raising the debt ceiling. It is IF the President and HIS party are serious about cutting spending. The problem is, the President has NO DESIRE to CUT SPENDING!!! NONE!!!!! HE IS A LIAR!!! AND HE THINKS WE ARE IDIOTS!!! AND SO DOES THE MASS MEDIA THAT PARROTS HIS LIES!!!”

3) Federal income tax on ALL business income—sole proprietorship, partnerships, corporations of all types—will end in the 2011-2012 fiscal year budget. Only individual income will be taxed when distributed to individuals. (Next month, I will propose changes in the individual income tax but the first priority is to stop taxing business income.)

In return for not taxing business income, NO tax money will go to businesses to encourage changes in market activities. Let the free market determine economic activity; NOT some bureaucrat in government and certainly NOT Congress, the President, and the Courts. By the way, there is NO such concept as a business or a business sector that is too big to fail! Failure occurs all the time just as success occurs all the time. The risk is the businessman’s. The rewards are the businessman’s. Let the market place decide. Legal, legitimate supply and demand ultimately CAN NOT be controlled by government.

My guess is, and I doubt if anyone knows empirically because our laws have so distorted the free markets, that the federal government spends more money to try to induce businesses into certain business activities than it collects in business income taxes. By the way, the nonsense of requiring businesses to pay “prevailing wages” when carrying out a government contract would end with the 2011-2012 fiscal year budget. That practice perverts the bidding process and needlessly adds additional cost to the project which adds costs to local, State, and federal governments. Costs that NONE of these governments can afford! Again, let the market place decide!

4) Spending WILL be cut in the 2011-2012 fiscal year budget so that the increase in the national debt for the fiscal year WILL BE NO MORE THAN ½ trillion dollars. Repeating: Deficit spending WILL BE NO MORE THAN ½ TRILLION DOLLARS.

5) For the fiscal year 2012-2013 budget which begins on October 1, 2012, deficit spending WILL BE NO MORE THAN ½ TRILLION DOLLARS.

6) In return, the debt ceiling will be raised by NO MORE THAN ½ TRILLION DOLLARS till October 1, 2012. Before the beginning of the 2012-2013 fiscal year budget, IF the national debt has NOT increased by more than ½ TRILLION DOLLARS, the debt ceiling will be raised another ½ TRILLION DOLLARS for the fiscal 2012-2013 budget year. If NOT, the debt ceiling will NOT be raised.

7) Let the 2012 election determine the fiscal direction of the country.

Will we be a nation that CUTS spending to get our national debt under control or will we be a nation that continues to borrow money to increase spending at the federal government level to “invest” in the nation?

Are the members of the two political parties willing to let the voters decide the direction of the country based upon the 2012 election?

I Timothy 6: 10 “For the love of money is a root of all kinds of evil. Some people (and governments!—my addition), eager for money, have wandered from the faith and pierced themselves with many griefs.”

There is NOTHING in the Constitution that grants authority to the federal government to spend money for education or to build sidewalks for a city or to do a lot of other things that the federal government is NOW doing! If the federal government would stop spending money in unauthorized areas, balancing the federal budget would be much easier and would not CORRUPT the behavior of so many within the United States. IT IS TIME TO STOP SPENDING!!! IT IS TIME TO DRASTICALLY CUT THE FEDERAL BUDGET!!!

It is time, it’s past time to RESTORE THE CONSTITUTION
It is time, it’s past time to RESTORE THE CONSTITUTION
It is time, it’s past time to RESTORE THE CONSTITUTION

It is time, it’s past time to OBEY THE CONSTITUTION
It is time, it’s past time to OBEY THE CONSTITUTION
It is time, it’s past time to OBEY THE CONSTITUTION

It’s time, it is past time to TAKE BACK THE NATION!!!
It’s time, it is past time to TAKE BACK THE NATION!!!
It’s time, it is past time to TAKE BACK THE NATION!!!