HOSTILE TAKEOVER: A Movement, 2010 Election

Grassroots mobs, such as the "TaxDay TeaParty"ists, are coming to your town! Well, maybe they're already there?

They say they're bringing "non-partisan "defiance" into the political process.

They're donning so-called 'Patriot' wigs and reintroducing "Joe-the-Plumber" in what is clearly a 2010 campaign to reassert themselves over the majority party.

BTW the original Tea Partyists fought against taxes WITHOUT REPRESENTATION. These Tea Partyists are clearly against Obama's Health Care Reform, and government spending, and of course the majority party in Congress and the White House.

Where were Tea Partyists when GWB and his administration essentially commandeered a hostile takeover of the U.S. surplus and spent and borrowed billions, trillons?

They were around, but SILENT, when Bush/Cheney sold off the country's assets to the highest bidders, spent untold billions in government contracts to Iraq, tax cuts for the highest earners, the list is long, but the result has been the nation's worst deficit in history-- which President Obama inherited.

We wonder if any of them realize what the term "General Fund" means? Every time any of us take a flight, the taxes we pay provide for such things as Air Traffic Control, security and safety; our taxes pay for construction upgrades, such as bridge reconstruction, etc. , all out of the General Fund. On a city level our taxes pay for city services, water treatment, such as police, and operational costs. Without those taxes, our safety, security and quality-of-life are severely compromised.

Right now the national General Fund and city funds are running on empty, the result of the previous administration's spending is that States have less funding, hence the trickle down to counties and cities. Taxes are essential for running a nation, a state, or a city.

Government services like Medicare and Social Security come from our taxes. They are government run programs that are supposed to kick in when we need them. Those too have been running out of money long before President Obama took office.

"Give me liberty, not debt" is their chant. Why didn't we hear it when GWB was robbing the U.S. treasury for the last eight years?

President Obama has "put more money back into the pockets of hardworking Americans, cut their taxes, made it more affordable to buy a home, made it more affordable to send their kids to college, provided tax incentives for businesses to create jobs through things like clean energy..."

They're not talking about that, at all...

What did the U.S. Treasury have to borrow to bail out the nation under under Obama, Bush?

From the The Wall Street Journal, "The government also borrowed less in the second quarter than expected, issuing $343 billion in debt, compared with earlier estimates of $361 billion.
The Treasury was able to cut its expected borrowing because it ended the quarter with a cash balance of $318 billion, more than it expected because of the TARP repayments as well as fewer purchases of preferred shares of Fannie Mae and Freddie Mac.
Banks including Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. have repaid more than $70 billion from the aid program. In last year's third quarter, the Treasury borrowed $530 billion as it pumped money into the flagging economy, which has recently shown some signs of stabilization." August 2009

http://online.wsj.com/article/SB124934320579902975.html


From Bloomberg.com, 2006, "The U.S. Congress approved a $781 billion increase in the federal government's debt limit, the fourth time lawmakers have raised the cap since President George W. Bush took office. The Senate voted 52-48 to increase the legal limit on federal borrowing to $8.97 trillion, up from $8.18 trillion. The House approved the measure last year, meaning the legislation now goes to the president for his signature.
Treasury Secretary John Snow warned Congress in increasingly dire terms that the government couldn't keep paying its bills, and risked defaulting on its debt, without an immediate increase in the cap. The ceiling was lifted about 30 minutes after the Treasury postponed the scheduled announcement of the sale of three-month and six-month Treasury bills. An hour later Treasury said it would sell $37 billion in bills. " March 16, 2006

http://www.bloomberg.com/apps/news?pid=10000103&sid=aV04.D.whRXc&refer=us

A little less defiance, and a little more attention to current history, is definitely in order.


Who pays for the uninsured? We do, of course.

In 2008, the Brookings Institute's Henry J. Aaron, Senior Fellow, Economic Studies wrote,

"Covering the currently uninsured has been a political ‘non-starter’ for decades and remains a long-odds proposition not because it is costly—it isn’t—but because it requires massive shifts in who writes the checks to pay for health care and who cashes those checks. Furthermore, the identity of the gainers and losers depends sensitively on how coverage is extended. The debate about extending coverage is not primarily about finding $120 billion to cover the uninsured, but about whether and how to shift who pays and who receives the many hundreds of billions dollars already being spent to continue covering the insured.

For a real-life display of what is at stake, one need go no further than the health programs of the two presidential candidates. Health reform proposals of Senators McCain and Obama would, if enacted, shift hundreds of billions of dollars in payments by businesses and households for premiums, cost sharing, and taxes and reallocate incomes of physicians, insurers, drug companies, and others. All the plans would differ from the status quo, but in very different ways."

Arron wrote, "Achieving universal coverage is mostly about income redistribution—among politically and economically powerful payers and providers with stakes that dwarf those measured by the added system-wide cost of insuring everyone."

August 2008-
http://www.brookings.edu/opinions/2008/0825_uninsured_aaron.aspx


Did you notice, none of these media outlets, Bloomberg, Brookings or the Wall Street Journal, used the word "Socialism."