"Clown Prince" Weekly Blather; July 16th

A Patriotic Response To The "Clown Prince;" 07/16/2011
barackingham Palace,
District of Corruption
July 16, 2011
[Most of the responses to my blathering can be found as responses to my blather opportunity, yesterday-also from barackingham Palace.]
    Today, there’s a debate going on in Washington over the best way to get America’s fiscal house in order and get our economy on a stronger footing going forward.  For a decade, America has been spending more money than we’ve taken in. For several decades, our debt has been rising. And let’s be honest – neither party in this town is blameless. Both have talked this problem to death without doing enough about it. That’s what drives people nuts about Washington. Too often, it’s a place more concerned with playing politics and serving special interests than resolving real problems or focusing on what you’re facing in your own lives.  But right now, we have a responsibility – and an opportunity – to reduce our deficit as much as possible and solve this problem in a real and comprehensive way.   Simply put, it will take a balanced approach, shared sacrifice, and a willingness to make unpopular choices on all our parts. That means spending less on domestic programs. It means spending less on defense programs. It means reforming programs like Medicare to reduce costs and strengthen the program for future generations. And it means taking on the tax code, and cutting out certain tax breaks and deductions for the wealthiest Americans.  Now, some of these things don’t make folks in my party too happy. And I wouldn’t agree to some of these cuts if we were in a better fiscal situation, but we’re not. That’s why I’m willing to compromise. I’m willing to do what it takes to solve this problem, even if it’s not politically popular. And I expect leaders in Congress to show that same willingness to compromise.
[What I'm not telling you: There's at least one truism in my blather this week.   Neither party is blameless, although the owe-bamacRATs should shoulder the greater share; they've been in the majority for the longest period-from January, 2006 to January, 2011.  As per the Constitution, all spending and financial measures must originate in--and be approved by--the House of Representatives.  Anything else, is nothing more than a proposal.  As I am wont to do, you'll notice while I blather in generalities; I rarely assign blame where it should rest--with me!!   Although I had yet to be "selected to be elected," in October, 2008 I carjoled President Bush-43 to ensure that the Troubled Asset Relief Program (TARP I-up to $300 Bln) would pass the congress and be signed by him, into law.  After being in barackingham Palace for less than thirty-days, I signed TARP-II (up to $350 Bln) into law; a porkulus that proved unnecessary other than as a vehicle to repay or to compensate large banking and other financial institutions for their support during my past "Campaign of Fluff" and subsequent election victory.  In the same vein,  the American Recovery and Reinvestment Act of 2009 (the PORKulus bill-$787 Bln) was little more than another reward/compensation vehicle.  See:  There's nothing more crooked than a socio-fascist with an open checkbook/free credit card!!  The two reasons I'll continue to demand tax increases on those who create the vast majority of private sector jobs:  First and foremost--I'm a socio-fascist; secondly--I'm ordered to continue that position by both George Soros and Valarie Jarrett!  Although I expect it, the republicRATs truly are not in a position to compromise; they were put into office/re-elected by the 'Tea Party' movement with the mandate of smaller government, less taxes, less government control over the private sector/the individual.  None of these factors am I willing to accept without a heluva fight!!]
    The truth is, you can’t solve our deficit without cutting spending. But you also can’t solve it without asking the wealthiest Americans to pay their fair share – or without taking on loopholes that give special interests and big corporations tax breaks that middle-class Americans don’t get.  It’s pretty simple. I don’t think oil companies should keep getting special tax breaks when they’re making tens of billions in profits. I don’t think hedge fund managers should pay taxes at a lower rate than their secretaries. I don’t think it’s fair to ask nothing of someone like me when the average family has seen their income decline over the past decade – and when many of you are just trying to stretch every dollar as far it it’ll go.  We shouldn’t put the burden of deficit reduction on the backs of folks who’ve alredy borne the brunt of the recession. It’s not reasonable and it’s not right. If we’re going to ask seniors, or students, or middle-class Americans to sacrifice, then we have to ask corporations and the wealthiest Americans to share in that sacrifice. We have to ask everyone to play their part. Because we are all part of the same country. We are all in this together.
[What I'm not telling you:  What--exactly--is the wealthy's "fair share?!?"  The owe-bamacRATs believe that it only involves tax rates and loopholes.  The general consensus is the wealthy's fair share not only includes favorable tax structure and loopholes but risk as well.  The wealthy routinely invest their capital in highly risky ventures which--when they pan out--pay a handsome return on investment (ROI) as well create more than 70% of new private sector jobs.  Should not that "fair share" include a partial value of the monies invested in losing propositions?!?  It's an unrecoverable expense, much like confiscatory taxes paid to the Treasury.  Both I and most owe-bamacRATS, as well as Soros and Jarrett are not willing to recognize that possibility.
    Deficit reduction will not effect the general public as much as I'd like them to believe.  Hell nearly 20% of them (15++Million) are already unemployed.  Deficit reduction--even a severe reduction--can only help them by provided far less inflation than they experience today; by lowering the national "Misery Index" to a tolerable level!!]
    So I’ve put things on the table that are important to me and to Democrats, and I expect Republican leaders to do the same. After all, we’ve worked together like that before. Ronald Reagan worked with Tip O’Neill and Democrats to cut spending, raise revenues, and reform Social Security. Bill Clinton worked with Newt Gingrich and Republicans to balance the budget and create surpluses. Nobody ever got everything they wanted. But they worked together. And they moved this country forward.  That kind of cooperation should be the least you expect from us – not the most you expect from us. You work hard, you do what’s right, and you expect leaders who do the same. You sent us to Washington to do the tough things. The right things. Not just for some of us, but for all of us. Not just what’s enough to get through the next election – but what’s right for the next generation.  You expect us to get this right. To put America back on firm economic ground. To forge a healthy, growing economy. To create new jobs and rebuild the lives of the middle class. And that’s what I’m committed to doing.
[What I'm not telling you:   In truth, "Ronaldus-Magnus" got royally screwed by Tip O'Neill and the democRATs.  Much like I intend, O'Neill promised spending cuts for tax rate increases--the taxes increased; the spending cuts were DOA; they never happened!!  The very model of honesty I intend to use when the opportunity arises!!  (Does anyone think I'll ever be referred to as 'barackus-magnus?!?') Most of this is pure conjecture; the 'Tea Party' mandate left little 'wiggle-room' if the republicRATs want to get re-elected!!]