Monday, March 22, 2010

Facts don't matter to Obama and Dems ~ By Herman Cain

After reading Herman's commentary, you will be asking, "Are Obama, Pelosi, and Reid intentionally trying to collapse and destroy capitalism ... and America?"
We just want the government to get out of our way, win or lose. That's the spirit of the American people that founded this country.

The president and the Democrats in Congress may not think deficits matter, nor that facts matter, nor that the Constitution matters, but the people of this country believe strongly that they do.

That's a fact, and the people will not be ignored.

By Herman Cain

Posted: March 22, 2010 ~ 1:00 am Eastern

© 2010

In December 2008, before President Obama was even sworn in, he said "Deficits don't matter." Although it's not true, as economist Brian Wesbury explained in an article dated Dec. 8, 2008, President Obama and the Democrat-led Congress have shown that's how they roll by increasing the national debt to nearly $4 trillion in Obama's first year.

The national debt increased by that same amount under President Bush in eight years. That's just an annoying fact to this administration and this Congress, so they just choose to ignore it.

In the president's last-ditch effort to pass health-care deform legislation, he and the Democrats have also demonstrated that they ignore facts just as well as they ignore deficits. While the administration and the Democrats have bought enough votes to pass this historic legislative disaster, they continued to stick to their talking points about how great the legislation will be for everyone while persistently ignoring compelling facts that suggest otherwise.

One of the more egregious factual deceptions using accounting gimmicks, such as the "doc fix" in Medicare, is the claim by the president and the Democrats that this plan would reduce the deficit by more than $1 trillion over 20 years. Never mind that they had said earlier "over 10 years." But if you make assumptions far enough into the future, it is almost impossible to prove otherwise.

Fact: No government social program has ever hit a budget in the history of this country. We're supposed to believe that the biggest new bureaucracy in history will actually save money? I don't think so.

Secondly, according to Americans for Tax Reform, the Obamacare plan has more than $600 billion in new taxes that would hit all taxpayers either directly or indirectly. The bill is a politician's sneak-a-taxes dream.

Fact: When you impose billions of fees and taxes on the insurance and health-care industries, those businesses will pass those taxes on to the consumer. They have to make a profit to survive. But then maybe the administration and Congress do not want some industries and businesses to survive. I'm just saying!


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