Monday, February 14, 2011

Obama Protection Racket @ The Root.com: Its Budget Season!!!

There was a recent book entitled something to the effect of 'They Think That You Are Stupid'.

The article below was produced by The Root.com's Dr Nsenga Burton.

I am loathed to believe that some people assume that their readership is IGNORANT or merely BLIND PARTISANS that they don't see what is being pushed upon them.

As one reads this article they are made to believe that the 2011/2012 Budget Proposal delivered by the Obama Administration has a NET SAVINGS of $1.1 trillion in 10 years.  This more than the "savings" from Health Insurance Reform.

It is frustrating to invest the time that I do in getting an ACCURATE PICTURE of what is going on in our nation economically and politically yet seeing certain operatives use SLIGHT OF HAND tactics to make people - who apparently don't know any better - believe that the opposite of the truth is TRUE.

Please make note of the "KEEP YOUR ENEMIES ON TRIAL" techniques.  I assure you that even if the Democrats STILL controlled the House, Dr Burton would STILL make an indictment against the GOP.

I am NOT defending the GOP.  Their likely budget proposal will be equally fraudulent.
My goal is to establish enough references to their agenda that any reasonable person can make an assessment of their credibility.

Let's start out with some facts:


  1. The previous budget for "2010/2011" that we are living in RIGHT NOW was never voted upon by the House or the Senate.  They are presently operating under "Temporary Spending Measures" - apparently having given up on the last budget that never made it to the floor
  2. The previous budget deficit projections for "2010/Sept 2011" was recently raised from $1,450 BILLION in the hole up to $1,600 BILLION or more.
    1. AGAIN - I really believe that some people don't know the difference between a BUDGET DEFICIT (one year where Spending Exceeds revenue intake) versus NATIONAL DEBT - (the money that the Federal Government owes from aggregate overspending - which is now in the form of US TREASURIES that they are forced to pay perpetual interest on until they pay it off)
From The Root.com

The Associated Press is reporting that President Barack Obama is sending Congress a $3.73 trillion spending blueprint that pledges $1.1 trillion in deficit savings over the next decade through spending cuts and tax increases.
Again WHY would anyone (NY Times, etc) tell us about a "$1.1T deficit REDUCTION" over 10 years - when - over these same 10 years the DEFICIT will be - well you figure it out by this picture.


Again people - WHY would anyone echo the White House's TALKING POINT about "$1.1T" in DEFICIT SAVINGS and ignore the (OK I'll do it for you) approximately $9.3 TRILLION IN DEFICITS in this same period?  This is UNLESS they are a part of the marketing scheme.

Obama's new budget projects that the deficit for the current year will surge to an all-time high of $1.65 trillion. That reflects a sizable tax-cut agreement reached with Republicans in December. For 2012, the administration sees the imbalance declining to $1.1 trillion, giving the country a record four straight years of $1 trillion-plus deficits.

What Dr Burton doesn't mention is that - the chart that I have listed above is actually an OLD CHART.  Even with the assumption that the "Bush Tax Cuts" would end at the end of 2010 - the deficits are still off the charts.   Dr Burton needs that one last indictment against her adversary's push for Tax Cuts - and Obama's acquiescence so that Unemployment checks woulds continue to flow so that she doesn't have to call Obama a "Drunken Spender".   Just imagine if Obama had followed the nudges from Paul Krugman to double the stimulus package? Do you figure that this would be seen as an INDICTMENT as it extended the red lines downward?  Of course not.

Senior administration officials say that Obama would achieve two-thirds of his projected savings through spending cuts that include a five-year freeze on many domestic programs. The other one-third of the savings would come from tax increases, including limits on tax deductions for high-income taxpayers.

Even before Obama's new budget for 2012 was unveiled on Monday, Republicans were complaining that it did not go far enough. They branded Obama's budget solutions as far too timid for a country facing an unprecedented flood of red ink that has pushed annual deficits to all-time highs above $1 trillion.

We suppose they should have thought of that before lobbying for a tax cut that added $900 billion to the deficit. It helps when there is a plan in place to make up for the lost revenue before voting for measures that aid individuals at the expense of the collective. President Obama and Congress definitely have their work cut out for them.

Again people $900 billion in 2 years VERSUS $9,000 BILLION over Ten Years.

Is it easy to see WHO "disturbs" Dr Burton and people who think like her?

Sadly this is the type of "filtering" and spin that is rained down upon the Black community ALL OF THE TIME.

UPDATE - Dr Burton remains ambiguous as it appears that the RICH receive all of the $900 billion.

Here are the views of CNN:

Following is a breakdown on some of the key measures and their costs, based on revenue estimates from the Joint Committee on Taxation, unless otherwise noted.

Bush tax cuts: $544.3 billion. The package would extend the Bush tax cuts for everyone for two years.

The bulk of that cost -- $463 billion -- is for the extension of cuts for families making less than $250,000, including two years of relief for 2010 and 2011 for the middle class from the Alternative Minimum Tax.

The rest -- $81.5 billion -- is attributable to the extension of cuts that apply to the highest income families.

The cost of extending all the tax cuts over 10 years would have been $3.7 trillion.

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