Obama’s Debt Ceiling Plan Will Wreck the Economy

Obama is calling for $4 trillion in cuts to government programs other than military, which will be increased. This will send a huge wrecking ball to the US government at all levels other than the military.

This is exactly what the Republican Party wants because they hate government at all levels other than military. We really are dealing with a 3rd world rightwing party or a Libertarian Party there. They want to reduce the government at all levels down to an absolute minimum. Obama thinks that wrecking the government like this is just awesome. He chided the Republicans for only cutting $2 trillion out of the government in their offer. He demanded $4 trillion in cuts. “I’m a bigger Republican than you are!” Obama screamed.

There really are no tax increases in the plan to my knowledge. All there is is $4 trillion in cuts and a promise to look into reforming the tax code later. Earlier, the Republicans agreed to some tax increases, but only on the poor and working people – regressive taxes. Obama cheered for huge tax hikes on the poor and the workers. “It’s the Republican way!” Obama screamed.

Even the Republicans were too afraid to put Social Security cuts on the table. Obama was outraged. “How dare you not cut Social Security!” he screamed at the Republicans. The plan to axe Social Security, now part of negotiations on both sides, actually came from Obama, not the Republicans. Can you believe that?

But it makes sense because Obama has always hated Social Security and has always wanted to slash it. I believe he even mentioned that in his campaign. Gutting Social Security is not a political move on Obama’s part – it’s part of his basic political ideology, which is that he’s a Reaganite.

Obama is now offering hundreds of billions in cuts to Medicare. “I love it! Kill grandma!” Obama screamed. This is outrageous. But once again, this is part of Obama’s basic Reaganite ideology. During his Presidency, Obama has consistently stated his desire to trash Medicare.

This goes back to his roots as a New Democrat and a member of DNC. I have read the DNC’s policy papers. Apparently the DNC is committed to “reform” of Medicaid, Medicare and Social Security. It’s hard to say exactly what those reforms are, but it looks like they want to get rid of them and replace with via privatization.

Hillary and Bill Clinton come from this same DNC philosophy. Bill Clinton tried to cut a deal with his best friend Newt Gingrich to cut Social Security, but it all fell apart with the Monica Lewinsky mess. Hillary has also stated that she wants to gut Social Security.

The deal Obama wants also includes massive cuts to Medicaid. Obama is one program Obama really hates, because he can’t stop talking about how much he wants to cut it. The problem here is that ObamaCare relies heavily on Medicaid to cover many of the uninsured under his program. These huge cuts to Medicaid under this deal will be a death knell for his very own ObamaCare.

Further, $4 trillion in cuts will deal a death blow to the economy. It’s hard to say how bad it will be, but it will definitely hurt the economy. It may cause a double dip recession, lengthen the recession or cause an actual depression. It is difficult to quantify the actual damage, but there will be damage. It will reduce economic growth, contract the economy, reduce jobs and increase unemployment.

The Republicans don’t believe this because they believe that massive cuts in government spending during an economic downturn actually benefits the economy. They claim that the downturn was caused by too much government spending. Cutting government spending will “restore confidence in the private sector” and boost the economy. It’s madness.

Obama is wrecking his own economy with this deal. He’s on a suicide mission.

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0 thoughts on “Obama’s Debt Ceiling Plan Will Wreck the Economy”

  1. You know, pre WWII Imperial Japan instituted a comprehensive welfare state in order to guarantee a fit and healthy citizenry for its armies and expansionist policies. I wonder if the Repubs could be sold on the welfare state if it was pitched to them from a militaristic point of view. Seriously, they really expect to have all these wars with armies composed of the fat, stupid, mind bombed patsies most Lamericans have become?

    Speaking of the Axis powers, the more I look at Fascist economics, the more I like it. It would certainly be an improvement on what we have now. True, capitalists and fat cats sort of have the upper hand, but they are expected to live up to social and patriotic responsibilities. In neoliberalism, their only responsibilities are to make money and screw their countries and the public. I also like autarchy. Produce everything for ourselves, and deny international elites the opportunity to conspire against the rest of us. Even if yuppies can’t get their French water.

    This is not to imply that I support anything else about Fascism, by the way.

  2. The American left is a joke. Lafleur nailed them perfectly.

    While the organized left is fighting to the death for the right of kids in California to learn fag history, and the DREAM Act, they fail to push for progressive economics and could give a shit about the white working/middle class.

    So as tempting as it is to chastise whites for voting Republican, the left/Democratic party deserves much of the blame.

    Gay marriage, amnesty for illegals, affirmative action (oh yes, the Democrats are trying to make a comeback on that in certain states), “free trade” agreements with South Korea, etc.

    Really, what good reason does any self-respecting white person have to vote Democrat?

    1. You disapoint me BAG-
      Here’s a reason- to keep the way, way more insane Repubics out.

      That DREAM Act has no chance of passing so the Dems trot it out for the Spic base. It won’t pass- so it’s fake. The Repubs pretend to be anti-illegal- and they’re not. That’s way more offensive to me!

      The gay stuff is just more raw meat to the base for Dems- and who cares about queers? What does that have to do with being a white guy?

      The Republicans are for big business and are actually pro illegal immigration. They are pro “free trade” bullshit- perhaps more so than Dems. Neither party represents the white working class or middle class’s interests. There is almost nothing left of that demographic thanks to Repubs.

      The Dems suck, but not enough to vote Repube. They nominate insane morons- Palin, Bachmann, etc. Yeah vote for them because Dems are lame. Makes sense???

      1. The Republicans are for big business and are actually pro illegal immigration. They are pro “free trade” bullshit- perhaps more so than Dems. Neither party represents the white working class or middle class’s interests. There is almost nothing left of that demographic thanks to Repubs.

        Oh believe me, I know that.

        I’m never going to vote Republican’t in my life. Ditto for Democrap.

        I think one of the major factors in the perversion of U.S. politics is this abomination known as the two party system.

        If I were European, and I didn’t like the economic elitism of the right and pro-immigration/multiculturalism of the left, I could vote for the BNP, National Front, Sweden Democrats, etc.

        But here in the states, you can do nothing but pick your bowl of shit. Well, I’m no shit eater.

        1. Exactly- the two-party system is to blame.

          Hold your nose and pull the lever. None of us like to eat shit- but if we vote third party, or just stay home, mathematicaly, we have cast another vote for whoever wins. Not cool either.

          How do we change our system of voting and representation to P.R., when none of our politicians will ever vote for it? How do we get rid of the electoral college when no small or medium sized state will go for it?

          Hate to echo the TeaBags on this, but if we can’t vote to change the system, is (at least semi-rowdy) insurrection/rebellion the only way? Mass boycotting, maybe…?

          The Founding Fathers truly fucked up, actually. Or, perhaps they were develishly ingenious (as I beleive), deliberately designing a system that could never be changed and under which very little could be done to change the status quo- benefitting only the rich and powerful, forever.

          The U.S. system worked as long as the country and the economy was constantly expanding, with a homegenous white ruling class and endless opportunities for any immigrant who could get here, Not much for people to complain about (blacks maybe an exception- but still better off than in Africa).

          The system doesn’t work any more.

  3. The U.S. system worked as long as the country and the economy was constantly expanding, with a homegenous white ruling class and endless opportunities for any immigrant who could get here

    When this country was predominantly white and had an abundant number of jobs (particularly manufacturing jobs), the U.S. worked.

    Now, the jobs have gone and the non-whites have come in. As Paul Craig Roberts once remarked, we import people and export jobs.

    As this country becomes even more “diverse” and as the jobs continue to go away, the ugliness we’re currently seeing today will only get worse. Not to mention the gross materialism/consumption of people of all races, which is something that just can’t last.

    As Lafleur once remarked, this whole country’s economy is one giant ponzi scheme, in all respects.

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