Obama and PAYGO
June 15th 2009 07:20
Last week, Barack Obama expressed his desire to adhere to the PAYGO philosophy:
Think about it for a second. What would PAYGO mean to Barack Obama? All it means is that he will start raising everyone's taxes. That's the ONLY way for him to pay for all the spending he has planned. He's not proposing meaningful spending cuts anywhere. He can only make it up by raising taxes.
Here's a suggestion, Barack: Cut down on the "GO" part. Your profligate spending is more "GO" than we can handle. If there was a lot less "GO", then we could have a chance to "PAY" for it without taxing working Americans to death.
Truthfully, this was just a gimmick by Obama. Folks are starting to realize how much he plans to spend and they're getting worried. He's just trying to quell their fears with this lame suggestion that he can pay (or make us pay) for everything he wants. It's not working. People are now realizing the dangerous path of financial armageddon that he's put us on.
President Obama on Tuesday proposed making "pay-as-you-go" rules for federal spending into law.
The so-called PAYGO proposal requires Congress to balance any increased spending by equal savings elsewhere, Obama said in announcing the measure that now goes to Congress.
The so-called PAYGO proposal requires Congress to balance any increased spending by equal savings elsewhere, Obama said in announcing the measure that now goes to Congress.
Think about it for a second. What would PAYGO mean to Barack Obama? All it means is that he will start raising everyone's taxes. That's the ONLY way for him to pay for all the spending he has planned. He's not proposing meaningful spending cuts anywhere. He can only make it up by raising taxes.
Here's a suggestion, Barack: Cut down on the "GO" part. Your profligate spending is more "GO" than we can handle. If there was a lot less "GO", then we could have a chance to "PAY" for it without taxing working Americans to death.
Truthfully, this was just a gimmick by Obama. Folks are starting to realize how much he plans to spend and they're getting worried. He's just trying to quell their fears with this lame suggestion that he can pay (or make us pay) for everything he wants. It's not working. People are now realizing the dangerous path of financial armageddon that he's put us on.
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Comment by S.L.
The Political Brief
Comment by Lester Caudill
Round Politics
Comment by Mau-Medellin
Mau-Medellin
Also, with regards to the PAYGO system, this was introduced by Bush Senior - was it not? And when it came up for review, Bush Junior decided to simply abolish the system. Bush was responsible for more spending than any other President in your countries history; all whilst lowering taxes. Of course, Obama MUST be an idiot for wanting to reconcile the ledgers.
Do you have any comprehension of what would happen if you just keep spending, spending, spending without looking at where to fund it? Does anyone remember what happened to the USSR... guess not!
Comment by S.L.
The Political Brief
Maybe you should tell B.O. (B.S.) what his insane spending habits will provide for us. He isn't listeningto anyone else.
And if you don't like the way Lester writes, don't read it. Don't use him or anyone else as an excuse to display your own ignorance.
Comment by PopulistConservative
Angry Electorate
Comment by PopulistConservative
Angry Electorate
Comment by PopulistConservative
Angry Electorate
My qualms aren't with balancing the books. My qualms are with having so many debits that you have to drown the country with tax increases to achieve the offsetting credits.
Comment by Lester Caudill
Round Politics
Bush did spend a lot but you could see where it went, but where are the trillions going B.O. is spending? Guess what no one knows.
Sorry Mau-Medellin I didn't have time to proof read this morning I was running late, but I still say the dumb down voters are starting to see the error of their ways. If you like B.O. so much you can have him, please take him off our hands you deserve him.