Source: USActionNews.com
More proof Obama will SAY anything to get elected. Here he proposes new spending be offset by cuts. Now after increasing the debt by $5 TRILLION– which is more than any other president or world leader ever– he claims such cuts are mean spirited and only benefit the “rich.”
Obama will tell you what you want to hear, what SOUNDS good. Don’t be fooled again.
“Whether one believes in a large, very active government or something more limited, mathematically, the amount of debt we already have and the terrifying rate at which it is accumulating will lead to national ruin.” Indiana Gov. Mitch Daniels
“Deficit spending is simply a scheme for the confiscation of wealth.” -Alan Greenspan
“We must not let our rulers load us with perpetual debt. We must make our election between economy and liberty or profusion and servitude.
If we run into such debt, as that we must be taxed in our meat and in our drink, in our necessaries and our comforts, in our labors and our amusements, for our calling and our creeds… [we will] have no time to think, no means of calling our miss-managers to account but be glad to obtain subsistence by hiring ourselves to rivet their chains on the necks of our fellow sufferers… And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for [another]… till the bulk of society is reduced to be mere automatons of misery… And the fore-horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression.” – Thomas Jefferson (in a letter to Samuel Kercheval, July 12, 1816)
“The way to crush the bourgeoisie is to grind them between the millstones of taxation and inflation.” – Vladimir Ilyich Lenin
“The fact is, we’ll never build a lasting economic recovery by going deeper into debt at a faster rate than we ever have before. It took this nation 166 years until the middle of World War II to finally accumulate a debt of $95 billion.” – Ronald Reagan
“I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.” – Alan Greenspan
When asked why the markets haven’t reacted to the US being on the precipice of collapse, Erskine Bowles said it’s because the US economy is “the best lookin’ horse in the glue factory.”
Alan Simpson (former WY senator), co-chair of Obama’s debt commission: Economic collapse will “be very swift and very dramatic.”
“After the $700 billion bailout, the trillion-dollar stimulus, and the massive budget bill with over 9,000 earmarks, many of you implored Washington to please stop spending money we don’t have. But, instead of cutting, we saw an unprecedented explosion of government spending and debt, unlike anything we have seen in the history of our country.” – Michele Bachmann
“Blessed are the young for they shall inherit the national debt.” – Herbert Hoover
“There are 10^11 stars in the galaxy. That used to be a huge number. But it’s only a hundred billion. It’s less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers.” – Richard Feynman
“Many respected economists and statesmen believe our national debt is neither unwieldy nor a dangerous burden on the country. The trouble is that a vast majority of the American people think otherwise…. It violates basic American ideas of thrift and money management. These strong public feelings cannot be ignored forever.” – Morris K. Udall
“The consequences arising from the continual accumulation of public debts in other countries ought to admonish us to be careful to prevent their growth in our own.” – John Adams
“There is no such thing as government money – only taxpayer money.” William Weld, quoted in Readers Digest.
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.” – Barack Obama
“Rather than fight the same tired battles that have dominated Washington for decades, its time to try something new. Let’s invest in our people without leaving them a mountain of debt.” – President Barack Obama, Office of Management and Budget website.
“Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’. The answer is yes, that’s what I’m telling you.” – Joe Biden
“I go on the principle that a public debt is a public curse, and in a Republican Government a greater curse than any other.” – James Madison
“A politician cannot spend one dime on any spending project without first taking that dime from the person who earned it. So, when a politician votes for a spending bill he is saying that he believes the government should spend that particular dollar rather than the individual who worked for it.” Neal Boortz.
“There is no such thing as government money – only taxpayer money.” William Weld, quoted in Readers Digest.
Source: USActionNews.com
