Today's Reality Slap

Candidate Barack Obama, October 15, 2008, third presidential debate:

But there is no doubt that we’ve been living beyond our means and we’re going to have to make some adjustments.

Now, what I’ve done throughout this campaign is to propose a net spending cut.

Economist Kevin Hassett, May 19, 2009, Bloomberg News columnist:

Extrapolating out the 2007 CBO forecast, our government plans to spend about $5.6 trillion more between 2009 and 2018 than was projected to be spent when the Democrats took over control of Congress.

To put that number in perspective, at the start of the 2007 budget year, Democrats inherited $4.8 trillion in outstanding government debt. That means that all of the deficits that have been run through all of history, funds that were used to finance the Vietnam War and the Iraq War and everything else in between, would be smaller than the spending increases of Democrats over the next 10 years if they are permitted to stay in power and keep up this pace.

Reality Slap in the Face for Today

The federal income taxes for every taxpayer would have to rise by roughly 81% to pay all of the benefits promised by the government under current law.That is just Social Security and Medicare

How do you figure that? Bruce Bartlett will explain.

The Press is more than biased--They are INVESTED in "The One"

The Media Research Center did an analysis of the lamestream media's coverage of Obama's first 100 days. Guess what? Turns out that they have done a great job of sending tingles up their legs but a lousy job acting as watchdogs.

MRC analysts looked at all 982 broadcast evening news stories about Obama and his administration from Inauguration Day (January 20) through April 29. Here are some of the interesting, though not surprising, things that they found:

- Obama's first 100 days were defined by massive spending, aggressive intervention in the private sector and proposals for a huge expansion of the federal government. Yet none of the networks aired a single story on whether Obama's policies were pushing the U.S. toward socialism, and no reporter used the term "socialist" to describe Obama.

- Not only that, network reporters never used the word "liberal" to describe either Barack Obama or his agenda during the first 100 days.

- The networks lavished good press on every major initiative of the early Obama administration, including the massive stimulus package, all of the various bailouts, health care, stem cells, the environment and foreign policy.

- In the days before the President unveiled his unprecedented $3.5 trillion budget -- with a record-shattering $1.75 trillion deficit -- four out of five statements on the evening newscasts parroted the White House spin that Obama was a deficit fighter.

- Reporters treated Obama's hugely expensive $787 billion stimulus bill to mainly positive coverage (58 percent positive, 42 percent negative).

- The networks applauded Obama's decision to use taxpayer money to fund embryo-destroying stem cell research (82% positive coverage).

- Network coverage of Obama's mortgage bailout was also positive -- 59% of statements supported the bailout or wanted even more intervention, compared to 41% who opposed the bailout as unfair to responsible homeowners.

- Reporters heavily skewed their coverage in favor of the President's actions on global warming (78% positive).

- President Obama's decision to send thousands of additional troops to Afghanistan was greeted by nearly unanimous (91%) positive coverage -- a far cry from the highly negative coverage of President Bush's successful troop surge in Iraq two years ago.

- Like Obama and the Democrats, the networks went on a feeding frenzy against big corporate bonuses. The networks aired six times more statements forwarding the "infuriated" reaction to business (104) than criticized politicians' grandstanding (16).

- The networks spent days decrying AIG's $165 million bonuses, but hardly mentioned the $210 million in bonuses handed out by Fannie Mae and Freddie Mac (the bailed-out mortgage giants with strong Democratic ties). ABC and NBC completely ignored the Fannie and Freddie bonuses, while the CBS Evening News gave it 27 seconds.

They made him. They must support him.

ASSUME the position!

Do you remember when the painstream press when nuts covering the Bernard Madoff ponzi scheme of over $50 billion? Well----are you ready for a $33 TRILLION ponzi scheme brought to you courtesy of our deficit hawk government? The newest accounting estimate is now out.

This is bound to set off the discussions about Social Security and Medicare. The latest news is that these two entitlement programs have gotten worse because of the recession. In fact, they are in such bad shape that Medicare is now paying out more than it receives.

The Trustees of the program said that Social Security will start paying out more than it collects in 2016. That is one year sooner than previously projected, and the entire system will be depleted by 2037.

Medicare is doing even worse. The trustees say that it will be insolvent by 2017, which is two years earlier than projects.

By the way .. there is not now and there never has been a Social Security Trust Fund. That's a fiction created to keep the dumb masses placated.

But what does Barack Obama want to do? Create MORE entitlement programs and grow the size of the government. Do you REALLY think this is going to work out well for us?

State's Rights

Have you heard about the standoff between California and the Obama administration? California's governor's office says that a politically powerful union has an inappropriate influence over the Obama administration. Why is that? Because the Obama administration decided to withhold billion of dollars in federal stimulus money until California reverses a wage cut for labor group workers. Now this wage cut between the California government and the home health care worker's union was negotiated. Both sides agreed. But the Service Employees International Union didn't like the idea of any union negotiating for a lower wage ... so they went to DC and complained to the government. Obama steps in and tells California that he is going to withhold $7 billion in federal funds unless the negotiated agreement is cancelled and the home health care workers get their money.

Governments run by unions. Change you can believe in.

Assume the position---Again

Another detail in Obama's budget is that he plans to end tax breaks for those evil, filthy oil and gas companies. In other words, Obama wants to increase taxes on the oil industry. He wants to end $26 billion in tax breaks, which he classifies as "unjustifiable loopholes ... costly to the American taxpayer and do little to incentivize production or reduce energy prices."

Did he say "costly to the American taxpayers?" Well, he can get away with that because he suspects you don't realize - and many Americans don't - that every penny of additional taxes these evil oil companies have to pay to the federal government will be added to the cost of the products they produce. The tax increases will show up at the gas pumps. I know that this is a difficult concept for the government-educated dumb masses to understand, but corporations - and this includes oil companies - don't pay taxes. They collect taxes from their customers, shareholders and employees and pass them on to the government.

Again ... let me point out that the greatest ally the looters in Washington could possibly have is an uneducated population.

RINO to DINO

Do you think that Arlen Specter has had his "oh crap .. what have I done" moment yet? Considering the fact that he has lost all seniority in the Senate, I would say that moment is coming soon if it hasn't already. The amazing part of the story is that Senator Harry Reid apparently promised Specter that he would retain his seniority if he jumped parties. Angry Arlen trusted the cadaver? He didn't take into consideration the fact that government is all about power, and his fellow Democrats weren't about to give up any of their precious power just so they could claim another desk on their side of the aisle. Either way, Specter is confident that Harry is going to "work it out" and that his assurances on seniority "will be fulfilled." Keep dreamin, Arlen.

So what may have done it for the Democrats? Debbie Stabenow says that many of her colleagues were irritated when Specter told The New York Times that the Minnesota courts should "do justice" by declaring Norm Coleman to be the winner of the Senate race against Al Franken.

Here's why this seniority issue is a big deal for Arlen Specter .. it limits his ability to get pork projects, money and jobs for his state. See, Specter was a senior ranking member on the all-powerful Appropriations Committee. He says, "My senior position on Appropriations has enabled me to bring a lot of jobs and a lot of federal funding to this state." Without this, Arlen believes that he doesn't have the "power" he has accumulated during his 29 years in the Senate. Without power, he probably won't be re-elected.

That said, my bet is that Arlen will flip on "Card Check" and get some of his juice back.

Taxpayers take another screwing from our American Idol PrezBo

You knew this one was coming. Chrysler is not going to repay the taxpayers more than $7 billion it received in the form of a bailout. It has been confirmed with the Obama administration that this is included as part of its bankruptcy filing.

So there you go. Not only do secured creditors get the hind teat ... but so do the taxpayers. Who gets the front? The very union workers who helped destroy the American automobile industry. How wonderful. That's $7 billion ... gone. Poof. Never to be seen again by you or your children or grandchildren.