Obama to Letterman: Misleading or Wrong Statements

On Letterman’s September 20th show Obama made several misleading statements on the major issues of the day— debt and taxes.

OBAMA: The ($16T) debt is not a short-term problem. What does he mean by “short-term?” His 2013-2022 budget released from the Whitehouse indicates a debt increase of $4.67T in the next four years — a total increase of $11T over ten years. Is ten years short-term? These numbers do not include anything for his several education, infrastructure, jobs, etc. “proposals.”

President Obama’s Conflicting Debt Positions

The Quote of the Decade:  “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 US Government cannot 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.” ~ Senator Barack H. Obama, March 2006 As President Obama, he has:

Ridiculous Deficit/Debt Rhetoric & Senate Vote

Politicians’ deficits and debt proposals lack credibility but provide (false) hope for many uninformed citizens.

Proposed Tax Increases and Spending Cuts Facts:

Every political season is filled with political rhetoric, media sound bites, and misinformation. This season is different because our political candidates are incapable or unwilling to discuss the truth about our Nation’s problems. The truth is that the scale and magnitude of these problems are larger than our politicians’ ability to respond. This terrifies politicians because it demonstrates their need for power and personal greed have taken priority over our nation’s long-term wellbeing. Politicians’ future depends upon their ability to hide the facts.

Are Businesses and the Wealthy “Bad Citizens?”

Our citizenry has been lead to believe by politicians that businesses and the wealthy are “bad greedy citizens” because they have too much power and receive special treatment. This works out nicely for the politicians since it provides food for their rhetoric. But is this conclusion true or false? The answer is “false.” The argument is up side down.

Politicians in return for favors and money (bribes) bestow power and special treatment to businesses and the wealthy. The politicians have past laws and rules that allow them to legally accept favors and money and they eagerly do so. Who are the “bad citizens” in this scenario? Is it those who offer the (legal) bribes to the politicians or the politicians who passed the laws and rules that allow them to take bribes?

Bad U.S. Socioeconomic Theories

In the early 20th century eugenics became a popular theory. Eugenics assumed that talent and genius were hereditary traits, and that selective breeding could improve the human race. Scientists measured physical and other attributes seeking the best solutions to race improvement. Nazi officials exploited this theory with their “experiments.” Today we understand this was a really bad theory.

Today’s liberal/progressive theories include: (1a) printing money out of thin air, and (1b) borrowing your way out of debt are good economic policies, and (2) successful companies (Apple, Google, etc.) and creative entrepreneurs are the result of the (big) government supported policies. All of these theories are also really bad.

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February 2019
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