Truth Be Told

President Obama has set up three new websites aimed at telling the truth about about his record and the record of the GOP candidates.

The first is KeepingHisWord.com. This site is focused on detailing Obama's accomplishments as president.

The other two are more negative tone; these sites rebut the attacks of the president by the Republican candidates and air the dirty laundry of these rivals.

AttackWatch.com

KeepingGOPHonest.com

Doctrine and Covenants - A Radical Agenda

Jimmy Jones on the Doctrine and Covenants (A Book of Revelations received by Joseph Smith):  

One of the great challenges in Christianity, and especially Mormonism, lies in determining which scriptural passages represent unique advice to an individual and which represent broad principles to be applied to the faith as a whole.  While most agree that portions discussing the atoning sacrifice of Christ illustrate an eternal, salvational principle, very few people would read the Doctrine and Covenants and claim that every individual has been asked to build a house for Joseph Smith.  Many passages lie somewhere in between, however, and infuse the scriptures with ambiguity.  When Alma told Corianton that forsaking his ministry and committing sexual transgression was second only to murder, does this reflect the eternal severity of premarital sex, or a father’s private counsel to his son? A complicating question is whether Alma referred to Corianton’s sin of fornication or of forsaking his ministry in favor of his own desire, walking after the lusts of his own heart; the accompanying passages about denying the Holy Ghost lead me to conclude the latter.  This particular passage has no corroboration in the body of the scriptures, was given in private between two individuals rather than over a pulpit to a congregation, and the evidently eternal principles established in this tale (Alma 36-42) seem disconnected from this portion of the conversation.  Yet the murder-like severity of premarital sex is frequently treated as unequivocal and universal.

 

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Newt is no Reagan, and Reagan was no Reagan

Throughout the GOP primaries Newt Gingrich has mentioned the name of Reagan 3.2 times per debate. He continues to invoke his name trying to piggyback on his popularity and drive association with The Gipper. The other candidates have not exhausted this approach to the level of the previous Speaker, which is ironic given Mr. Gingrich constantly disagreed with President Reagan’s politics. To Mr. Gingrich I say, you are no Reagan...and for that matter, Reagan was no Reagan.

The conservative movement holds up President Reagan as a beacon of light, an example to all Republicans. The Tea Party themselves use Reagan's name as a synonym for deity. Certain forgotten (or ignored) facts about our 40th president make this name jockeying borderline laughable. Reagan was not a small government Republican, nor would he be a friend to the Tea Party today. Reagan’s mix of compromise on positions and issues changed with experience, and would drive today’s Republican Party crazy. Many have forgotten that Reagan began his political career as a liberal Democrat. His conversion to the conservative movement came upon marrying his second wife, Nancy, and through the presidencies of Eisenhower, Nixon, and influence of Goldwater. Although Reagan campaigned on conservative principles, he did raise taxes both as Governor and President to balance the budget. Adjusted for inflation those tax increases were the largest the country had ever seen.

Reagan’s social platforms would disqualify him from today's Republican Party. Ronald Reagan was borderline religious and there is very little record of him attending church before, during, or after his presidency. Reagan saw the Christian faith as a buffer to communism and used religion as a weapon. One of the first bills Reagan signed as Governor of California was the “Therapeutic Abortion Act” which led to two million abortions in the state. Reagan signed the first “no fault” divorce legislation and is still the only divorced President that has led this nation. Reagan was also vocal in opposing a California initiative that would have banned gays and lesbians from working in public schools. Reagan signed an amnesty bill that provided citizenship to three million illegal immigrants understanding the labor impact to our Nation’s economy. It is difficult to believe that Reagan would be supportive of building walls around our borders, while working to tear down walls in Eastern Europe.

To be fair, Reagan campaigned on values aligning with the conservative movement including smaller government, strong defense, less welfare, lower taxes, and less government in people’s personal lives (Patriot Act would have been DOA). On several of these principles he was true to his core. Unions weakened under Reagan, taxes were lowered, and defense spending flourished. Perhaps the most notable anti-Union action came with the firing of 12,000 governmental air traffic controllers who went on strike, which empowered the private sector to overcome their fear of unions. Many have called Reagan an economic mind, but there is no substantial evidence to back such a claim. His embracing of supply-side economics demonstrates his weakness in this area and the real economic genius of the period was Paul Volcker (today, Mr. Volcker serves on President Obama’s economic policy board, and has been written off by the same conservatives who embraced his policies in the 1980’s). Reagan did understand the conceptual idea of the Laffer Curve which drove Reagan’s desire to lower taxes. Reagan also froze the minimum wage, a move that is supported by free market theory.

Reagan’s popularity was based on the same reason Newt Gingrich loathed the man, his ability to compromise and to respect his political opponents. It is not a secret that President Reagan’s biggest political opponent was Speaker of the House Tip O’Neil. Nor was it a secret that when working hours were over the President would have opposing Democrats over for a beer. One time after a feud President Reagan called O’Neil up for a truce in which the Speaker replied, “Old buddy, that's politics--after 6 o'clock we can be friends; but before 6, its politics.” O’Neil passed Reagan’s tax cuts and Reagan signed O’Neil’s social programs. Although partisanship was starting to build in Washington it was Newt’s frustration with the compromising hand of Reagan that led him to construct “The New Deal”. Newt was no Reagan Republican, opposing President Clinton at every turn, even to the point of shutting down government. The rise of extreme partisanship was beginning and Newt was the architect. Reagan’s reelection was a monstrous landslide in 1984, and his popularity was driven through his ability to unite both parties.

Reagan’s management of the cold war is also a stark difference to how Newt and Republicans think today. At the near conclusion of the Cold War President Reagan met with Mikhail Gorbachev, the leader of communist Russia. This infuriated Newt and others from Reagan’s own party. Reagan and Gorbachev agreed to disarm and worked together to remove nuclear arsenal across the globe. Reagan and Gorbachev surprised both of their countries with the agreement and compromise was the pinnacle of Reagan’s success. Given the tone and rhetoric from the right today, it is safe to say Reagan would have been portrayed as weak and an enemy to the United States.

For Newt and other Republicans who use Reagan’s name as a political weapon I would say, stop. Reagan would not be your friend today. The Republican Party would not embrace his compromising spirit, economic and tax policy, and perceived weak positions on social issues. In the 2008 primaries, Obama and Clinton argued about who could come to the middle. Today, the Republican Party members are arguing about who can move furthest to the right. There is little question which of these positions Reagan would support.

(This week marks President Reagan’s 101st birthday).


Why I Support President Obama (Part II)

Post by Joseph M -

I tried to stay rather upbeat (and nice) in my last post when I expressed my primary reason for supporting President Obama (expansion of access to healthcare in America), but in reality, I am not completely satisfied with how everything turned out. I am disappointed that we did not get the public option. While many in the far-left Democratic camp wanted a single payer system, I feel that this might be too much, too far, too Canada to ever get passed in Washington D.C. However, I wish that more moderate Democrats and Republicans would have gone "all in" and gotten us the public option; I suppose they were afraid of what might happen (and ultimately did happen) back home at election time. Yes, it appeared that many senators and representatives, in hopes of preserving their jobs in congress, carefully walked the edge of the healthcare blade in hopes that they would not be implicated by the far right when the final tally of votes was taken. But alas, the bloodletting of the 2010 congressional elections seemed to come straight out of the Rambo film franchise; the tea party republicans went for the gut, and bloody entrails were scattered across the ground. The moderate Dems and Repubs lost their jobs in such high numbers the unemployment rate ticked up half a percentage point (and yes, Obama was blamed for that too.) Even the beloved (but not far enough to the right?) Bob Bennett, Senator from Utah and grandson of Heber J. Grant, lost out to a tea party candidate, the some nameless son of Rex E. Lee, former president of BYU.

Even with the healthcare reform, millions of Americans will still be without coverage without a public option in place. I don't see anything Christian about the refusal to provide healthcare to American citizens, and their reasons always involve some sort of judgment of the poor: they're without healthcare because they don't want to work; they're lazy, they want free handouts; they don't take care of their health; it is their fault they are fat, or smoke, or don't exercise, or eat Krispy Kremes, (insert whatever you want to here - just be aware that wealthy people are perfectly healthy and never eat doughnuts or smoke cigarettes and thus deserve their healthcare.) I've become so frustrated with the Christian Right that I'm somewhat pleased that they don't claim us Mormons as Christian; in fact, it's gotten to the point that when I'm asked if I'm Christian, I feel as if I want to answer, "Heck no. I'm Mormon."

I know that name-calling happens on both sides of the political spectrum, but the raucousness that ensued during the healthcare debate in congress (the town hall meetings, Sarah Palin's death panel, charges of socialism) seemed to come very heavily from the conservatives. This wailing and gnashing of teeth only served to strengthen my feeling of resolve that Obama's plan was not only moral, but the right plan for America. He advocated a moderate plan that even the insurance companies could stand behind, and it's actually such a middle-of the road stance that many in Obama's own party disapproved.

I personally felt saddened by the loss of the public option, and my very liberal sister and I discussed the issue numerous times over the phone. She was angry that President Obama didn't fight harder for the public option: "Why is he being so weak? Why isn't he standing up to those Hatriots in Washington?" But I told her then, and I say it now: in the end, Obama's willingness to compromise and let it go only proved his skills as a leader. Healthcare reform was passed, millions more can now be covered. While Republicans dig in their heels on anything that Obama proposes and supports, he continues on. And so do we continue on in our support of him. Obama 2012.

What is your reason for standing with President Obama?

I support President Obama because he inspires me to be my best. -Ryan

20120211-094839.jpg

I voted for Obama and all I got was...

this HISTORIC VICTORY on health care!


I was at the National Hispanic Medical Society conference in Washington DC when the House agreed to the Senate's amendment of the Affordable Care Act, on March 23, 2010.  The energy and excitement was electrifying!  My feelings that day are the same today--the Affordable Care Act is monumental and critical for our country.  Indeed, it is one of the primary reasons why I support Obama wholeheartedly.

My favorite facts about the Affordable Care Act:

  • Expands health care to 32 MILLION Americans

  • Insurance companies are prevented from dropping sick people

  • Insurance companies cannot deny children coverage if they have a pre-existing condition

  • No lifetime caps on coverage

  • Cost: $940bn over 10 years; but it would reduce deficit by $143bn by tackling fraud, abuse, and waste

  • Expands women's health preventative coverage, including services such as well-woman visits, mammograms, domestic violence screening, screening for STIs, and access to birth control without charge



Of the Affordable Care Act, Barack Obama said "A good compromise, a good piece of legislation, is like a good sentence; or a good piece of music. Everybody can recognize it. They say, 'Huh. It works. It makes sense.'"


One of the most controversial aspects of the Affordable Care Act is this concept of the "individual mandate" or requiring people to have insurance.  The individual mandate is really important because it reduces the overall costs of health care for everyone.  But don't take my word for it.  Heck, (not h-e-ll, we are mormons after all) don't take Barack Obama's word for it!


"If you don't want to buy insurance, then you have to help pay for the cost of the state picking up your bill, because under federal law if someone doesn't have insurance, then we have to care for them in the hospitals, give them free care. So we said, no more, no more free riders. We are insisting on personal responsibility. Either get the insurance or help pay for your care."
Mitt Romney, defending the 2006 Massachusetts Health Reform in a debate with Rick Santorum, Jacksonville, Florida, 1/26/12


YES!  More cowbell.  At a time when partisan politics have harshly criticized the 2010 US health care reform, I long to hear Mitt Romney defend the Massachusetts Health Reform!  I believe there are far more important reasons for health reform (like, uhh, helping people), but it is soooo refreshing to hear it defended in 'Republican speak'.


I'm not the only one who feels good about this. Of Romney's words, Prof. John McDonough from Harvard School of Public Health said, "Romney has given in this entire presidential campaign last evening what I believe is the most effective and persuasive rationale and defense of the individual mandate."

A recent study reports that Taxachusetts (as my in-laws so lovingly call it) is doing very well after the 2006 health initiative.  Access to health care remains high, emergency room visits are down, and there has been some improvements in health outcomes.

"I gotta fever, and the only prescription is more cowbell!"

President Barack Obama, you gained my (second) vote on March 23, 2010.  And I personally thank you for on behalf of all 32 million Americans who will now have access to health care!


Post by Doctor LauraClubFancy, your health care correspondent-


Read more here:
http://www.npr.org/blogs/health/2012/01/27/145993578/romneys-unlikely-and-persuasive-defense-of-the-individual-mandate


A Proud Member of the Religious Left

Post by Eric R -

As a proud member of the Religious Left – and a Mormon – I understand that membership in the Church does not require a specific, pre-defined stance on important social issues. That said, I am regularly baffled by the vastly different interpretations that some members of my church arrive at on social issues, when ostensibly working with the same set of religious texts and modern-day revelations that serve to guide my own morals and beliefs.

Many social issues, from capital punishment to war, funding for the social safety net to environmental stewardship, are clearly related to Church doctrines and teachings. Yet the second greatest commandment that we have ever been given, to love our neighbors as ourselves, seems to often be absent from the analysis of social issues by the Religious Right, Church members included.

Add to this list the issue of immigration. The NY Times recently ran a story about how the immigration stance of America’s most well-known Mormon, Mitt Romney, is at odds with the official position of the Church.

(http://www.nytimes.com/2012/02/03/us/politics/romney-immigration-position-at-odds-with-mormon-church.html?_r=1&emc=eta1&pagewanted=all)

The Church recently supported the Utah Compact, a declaration calling for humane treatment of immigrants and condemning deportation policies that separate families. They have also taken the rare step of publically getting involved in the immigration debate, “issu[ing] a series of increasingly explicit statements in favor of allowing some illegal immigrants to stay in the country and work”, and acting as a “…defining factor in passing…immigration legislation” in Utah (which, while far from perfect, was opposed by anti-immigrant groups in the state).

And Romney? Well, lets just say that on this issue he has chosen another tack. He supports the Dream Act, or at least the part that would give citizenship to immigrants who put their lives on the line fighting wars to protect American economic interests, which neither he nor his own sons felt any compulsion to become personally involved with. He slammed Newt Gingrich (and I feel a little nauseous defending the Newt) for suggesting that breaking up families that have been longstanding contributing members of our communities is bad for everyone involved. And he made Rick Perry look reasonable (Perry!) when Perry suggested that undocumented residents who were brought to this country as children should not be punished for their parent’s actions, which Romney pounced on as “amnesty”.

Now I know that I probably shouldn’t read too much into Romney’s stance on immigration, as it is subject to change depending on what crowd he is speaking to, but it makes me wonder how he defines “loving” and “neighbor”. I am not suggesting a free-for-all at the southern border, but I do believe that if Romney, and the rest of the Religious Right, really thought of the brown-skinned, Spanish-speaking foreigners they call “illegals” as their literal brothers and sisters (which our doctrine teaches us they are), they might treat them a little differently than they do now.

Why I Support President Obama (Part I)

Post by Joseph M-

My principal reason for backing President Obama is his support and initiation of healthcare reform, and ultimately his signing of the Patient Protection and Affordable Care Act into law in 2010. Republicans have pejoratively labeled it Obamacare; meanwhile President Obama has embraced the term, saying, "I have no problem with people saying Obama cares. I do care." I care too, and this issue is the political lynchpin for me. I cannot support any candidate who does not appreciate or understand the need for an expansion of access to healthcare in this country. Healthcare should not be a privilege of the wealthy, but a right for all. I believe that if we can get behind public monies for libraries, sports arenas, museums, parks, wildlife protection, and Bombs over Baghdad, then we should also ensure healthcare access.

And so you might further see my point: are you aware that through local tax payer money, you (and your children) can check out Saw I, II, III, IV, V, VI, and Saw: the Final Chapter from the Seattle Public Library and the King County Library System? And I just checked - you can get it at the Salt Lake City Library as well.

My belief is that providing healthcare is the right thing to do; it is the Christian thing to do, and this aligns with my Mormon faith. I echo the words written by Boyd Peterson in his essay entitled, Why I'm a Mormon Democrat:

"I believe that the Democratic party takes the strongest position on many moral issues. For example, King Benjamin's address in the Book of Mormon admonishes us to prioritize, 'feeding the hungry, clothing the naked, visiting the sick and administering to their relief, both spiritually and temporally, according to their wants' (Mosiah 4:26). I believe the Democratic party works harder to protect and defend these moral priorities." 


And so I feel about President Obama. When I decided to vote for Barack Obama, I did so with the belief that he would bring change to America and especially its healthcare system. Of course, there is more to be done. However, President Obama has fulfilled his promise of change in so many ways; therefore, I will continue to support him and his presidency.

In addressing the specific issue of healthcare, I like these two quotations, one from the US Conference of Catholic Bishops and the second from the American Medical Student Association:

"Our approach to health care is shaped by a simple but fundamental principle: 'Every person has a right to adequate health care. This right flows from the sanctity of human life and the dignity that belongs to all human persons, who are made in the image of God.' Health care is more than a commodity; it is a basic human right, an essential safeguard of human life and dignity. We believe our people's health care should not depend on where they work, how much their parents earn, or where they live. Our constant teaching that each human life must be protected and human dignity promoted leads us to insist that all people have a right to health care."


 USCCB - June 18, 1993, "A Framework for Comprehensive Health Care Reform."


 "In a time when thousands of people lose their health insurance every day, when health care is becoming elusive to even well-to-do Americans, and when any person is just one pink slip away from becoming uninsured, it becomes clear that health care for all is not just important to achieve, but imperative.


 At its root, the lack of health care for all in America is fundamentally a moral issue. The United States is the only industrialized nation that does not have some form of universal health care (defined as a basic guarantee of health care to all of its citizens). While other countries have declared health care to be a basic right, the United States treats health care as a privilege, only available to those who can afford it...


 Americans purport to believe in equal opportunity. Yet, in the current situation, those who do not have health care are at risk for financial ruin and poorer health, both of which disadvantage them in society and thereby do not give them equal opportunity...


 The Declaration of Independence states there are certain 'inalienable rights', including life, liberty and the pursuit of happiness. If Americans believe in an inalienable right to life, how can we tolerate a system that denies people lifesaving medications and treatments? Similarly, if Americans believe in an inalienable
right to the pursuit of happiness, how can we allow millions of dreams to be smashed by the financial and physical consequences of uninsurance?"


AMSA - Aug. 27, 2009, "The Case for Universal Healthcare."


 It feels dang good to be on the right side of history on this one.

Why Democrats Have Trouble With Messaging

There is a fundamental problem with being a Democrat.  The problem is quite simple, yet complex in an ironic sort of way.  The issue is Democrats' inability to discuss positions in short, mind-numbing, explanations.  There are two main reasons why Democrats struggle with delivering a clear, concise message:

  1. Democratic ideas are more complex and difficult to deliver in one line statements.
  2. Democrats, as a party, are splintered into several groups made up of various demographics.

Democrats have a fundamental problem of controlling the message.  There is a saying which sums up debate in politics, “If you are explaining, you’re losing.”  Republicans understand this concept and have perfected it in all aspects of conversation.  Here are some uniformed Republican responses:

-How would you strengthen the economy?  Cut taxes so employers have more money to hire.

-Talk about your stance on government?  Inefficient and should be cut.

-How would you improve education?  Remove teachers unions and develop charter schools.

Right wing talking points are precise and effective.  Republicans believe government is the problem, so obstructionism is an effective part of the strategy, and help reinforce the right’s platform of smaller government.  Republicans have a better chance of taking House and Senate seats the lower the approval rating is because “government does not work”.

Democrats have a much different perspective.  Government has the ability to solve many of our Nations’ problems, so explaining the role of government in any conversation becomes difficult.  For example, Obamacare has critical pieces of legislation that protect consumers and lower costs of prescription drugs.  However, discussing a Democrat’s perspective of healthcare legislation takes several minutes as one tries to identify the issues, and then explain the solution.

If there is one fundamental problem President Obama has encountered, it is controlling the message.  Today, very few citizens can recite what the stimulus package or President Obama’s education legislation accomplished for this nation.  These types of programs cannot be explained in short 45 second sound bites which allow the opposing view to crowd out the rationale.  President Bush was the opposite.  Most of his policies were highly problematic for the country, but the messaging was so effective it won him reelection in 2004.

The second problem surrounding discussion is the demographics of the Democratic Party.  Democrats as a whole have varying views on key social issues and platforms.  Ask ten different Democrats a question, and you will potentially hear ten different responses.  Some might argue this demonstrates how disorganized the party is.  Democrats would argue this is what makes the party great.  Politics is not about perfect alignment, it’s about constructive discussion that resolves in a unified solution.  The founders of this nation were splintered in discussing the role of government, but they were passionate about compromising which led to a collective decision.   Democrats won in 2008 largely because moderates flocked away from the rigorous views of the right and were welcomed with open arms by the left.  You could be pro-life and be Democrat (Harry Reid is).  You could support corporations and be a Democrat.  You could be a fiscal conservative and be a Democrat.

Regardless of these varying degrees of opinions on key Democrat platforms, government has the capacity to solve many of our Nations’ problems.  This is the only unformed principle fully supported by all party members.

Democrats need to understand these two principles when sharing their ideas in conversations.  Although the immediate and easy response is to leverage anti-Republicans slander in debates, Democrats have the data and vision to be leaders of solutions and change, not part of the cynical problem and robust pessimism.  Republicans use short, concise talking points to paint problems black and white in one quick stroke.  Democrats should take the lead in fostering debate and discussion, understanding that internal differences place the party in the best position to represent the majority.


Did President Obama Double Our National Debt?

Who is the bigger fool….President Obama for doubling our national debt?…or the individual who believes such a canard?  Like all political claims, the devil is in the details.

More has been added to our national debt under President Obama than all the other presidents combined.  Partially true.  However, of the $5.1 trillion added to the National Debt from 2009 to 2012, only $1.5 trillion is due legislation signed by President Obama.  Of that $1.5 trillion, only $500 billion in incremental spending carries past 2010. The rest of the debt, or $3.6 trillion, can be directly attributed to legislation passed under previous administrations.

On January 20, 2009 President Obama walked into the oval office and was handed a negative annual deficit of $1.3 trillion.  This was a stark contrast from his predecessor, who began his eight years in office with a $200 billion dollar surplus.  However, through healthcare entitlements, unfunded wars, wealth redistributing tax cuts, and TARP that surplus had turned into the largest fiscal deficit our country had ever experienced.  Obama was handed this budgetary disaster, coupled with a collapsed economy with the expectation of immediate change.  Little did he know three years later, he would be held responsible for the gap he inherited, and full blame for the skyrocketing debt.  Before we can understand what Obama was expected to fix, we need to first understand where our government spends money.

The federal budget is broken into five major categories; healthcare, defense, social security, interest, and everything else.  The first four categories equate to 80% of the total federal budget consistently over the past 20 years. The “everything else” category includes spending from education, governmental programs, appropriations, earmarks, federal departments, etc.   The “everything else” category dominates 90% of federal budget debates and discussions, and is leveraged in political perversions of reality.  Here is the last 20 years of governmental spending broken down by category:

President Obama signed two major pieces of legislation that grew short and long term spending.  In 2010 President Obama signed the American Recovery Act.  This legislation accounts for $800B of new debt through $224b in entitlement spending, $275b in grants, and $288b in tax cuts over 2009 - 2010.  You can see these amounts reflected in the 2009 and 2010 budget lines as the “everything else” category spikes and then declines the following years.

The second piece of legislation that President Obama signed into law was the Patient Protection and Affordable Care Act, also known as Obamacare.  In crafting the legislation, House Democrats worked closely with the Congressional Budget Office (CBO) to ensure the new legislation would remain deficit neutral.  The potential increase in spending was offset by penalties due to mandates and some additional taxes directed at the super wealthy like "cadillac" healthcare plans.  The CBO produced a report confirming President Obama’s claims.  The only credible report opposing the neutral claim came from the highly conservative Heritage Foundation, providing a high side of $75 billion annual increase around the legislation (roughly 8%).  Since Obamacare was created to be deficit neutral, repealing Obamacare has a negligible impact on our Nation’s budget.

The rest of the budget growth relies on legislated “stabilizers” that kick in based on marketplace conditions.  For example, spending on Social Security will continue to increase as more individuals reach the threshold, unless we restructure the program.  Defense will continue to increase unless we make changes to our policies.  Medicare costs will continue to skyrocket as more individuals reach the required age.  Welfare costs should hold flat unless unemployment grows, and interest expense will continue to rise as more debt is issued to pay for all of these programs.  This entire group has little to do with any of President Obama’s policies, and would be growing at the same rate regardless of who sat in the Oval Office.

One of the most overlooked causes of our budgetary problem is due to governmental income, or receipts.  Like our own household budget, when our income stays flat, so should our spending.  Over the last decade this has not been the case.  From 2000-2009, budgetary spending increased almost 96% and our nation’s receipts (income) only increased 3%.  Imagine doubling your household spending after receiving a 3% pay raise!  In 2000 receipts were roughly 20% of GDP.  In 2009 receipts were 15% of GDP.  If the 2009 receipts were equal to 2000 levels, our annual deficit would decline by $700 billion.

What caused this shortfall in income?  The collapse of the economy and the 2002/2003 tax cuts.  In 2002 and 2003, tax cuts were signed into legislation based on the premise that the red hot economy of the 1990’s would continue through the next decade.  The collapse of the housing market and war spending were not part of the equation, nor was TARP funding and other bailouts.  Even more problematic was when President Obama extended these tax cuts compromising with the Republicans to avoid a governmental shutdown.  Declining receipts due to the economic collapse is straight forward; less income tax is being collected due to unemployment and less is being spent by the consumer.

As we go into the 2012 elections voters beware.  You might be inclined to blame President Obama for the rising National Debt.  However, if Governor Romney takes office in 2012, he will have four years of continuing rising deficits unless the big four spending categories are re-legislated.  Why?  Because minimal has been proposed in controlling rising spending, and any additional tax cuts will only expedite the problem.  Of course the desire will again be to blame President Obama, but that will fall on deaf ears due to lack of rhetoric consistency.

If you still believe President Obama is to blame for $5 trillion in new debt, feel free to comment below identifying what legislation he signed to deliver such a disastrous fiscal decline.  Whatever your belief, cut through the media’s rhetoric and read the actual budget.  http://www.whitehouse.gov/omb



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