ARRA News Service
News Blog for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. Content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for or by this "Blog" - no paid ads - no payments for articles. Fair Use Doctrine is posted & used.
Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006)
    Home Page
   

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Friday, January 14, 2011

Anti-Repeal Movement Ignores Fiscal Realities

By Howard Rich, Chairman, Americans for Limited Government: Lost amid the partisan posturing over the proposed repeal of ObamaCare is a stark, unavoidable fiscal reality.

Put simply: Our leaders have no choice but to scrap this socialized medicine monstrosity and start from scratch with a free-market approach.

Not only are ObamaCare’s unprecedented infringements on our civil liberties clearly unconstitutional, but American taxpayers cannot afford the new law’s expanded entitlements — particularly not in light of our current debt crisis and the impending Baby Boomer crush.

The federal budget is caught in a pincer — leaving no room for ObamaCare or any other new spending. In fact the only way to escape the trap is to dramatically reduce the size and scope of government — immediately.

Also our economy is clearly in no position to absorb hundreds of billions of dollars in tax increases — something President Obama seemed to understand last month when his lame duck Congress extended Bush-era tax relief to all income brackets.

The question Obama and his diminished D.C. legions now must answer is this: If it was wrong to raise taxes during the lame duck session in December, what makes it wise to do so now?

With even the most optimistic Keynesians (such as Federal Reserve Chairman Ben Bernanke) now predicting that the U.S. economy could take as long as five years to achieve “sustained declines in the unemployment rate,” ObamaCare’s tax hikes loom even larger as job killers. This is particularly true of the tax increase on upper income earners — many of whom invest their money in partnerships and LLCs that in turn fuel small business growth.

Astoundingly, the same fiscal liberals who added more than $4 trillion to the national debt over the last two years are now not only raising taxes through ObamaCare — but feigning outrage over the “deficit spending” that would result if the program were repealed.

In support of this twisted logic, the Keynesian number-crunchers over at the Congressional Budget Office (CBO) announced last week that repealing ObamaCare would add $230 billion to the national debt over the coming decade.

Think about that statistic for a moment — what the CBO is saying is that the largest expansion of government in decades is not only free, but will actually save taxpayers $230 billion. Talk about “something for nothing.”

Obviously these assumptions are pure fantasy — like the numbers the CBO released in March 2010 on the eve of ObamaCare’s initial passage. But how were they computed?

First, the CBO is assuming that the $770 billion worth of “revenue enhancements” included in ObamaCare will have no adverse impact whatsoever on the nation’s economy — which is betting against history. Second, the CBO presumes that Congress will actually follow through on its promise to cut $540 billion from Medicare — which is betting against common sense.

Additionally, the CBO estimates double-count Medicare savings, CLASS Act revenue, Social Security revenue and fail to incorporate the impact of so-called “doc fixes,” which erase billions of dollars in additional “savings.”

“Garbage in, garbage out,” Rep. Tom Price (R-Ga.) said of the CBO report.

He’s not the only one voicing skepticism.  “The CBO, CMS, and even the IMF have all discredited the idea that ObamaCare would reduce the deficit, because they all question the sustainability of ObamaCare’s spending ‘cuts,’” writes Michael F. Cannon, Director of Health Policy Studies at the Cato Institute.

“The spending cuts (actually, reductions in future spending growth) in the law were never going to take effect anyway,” Cannon adds.

Finally, when did our leaders decide that blocking a tax hike was somehow a net cost to government? Have they deluded themselves to the point that they think new programs and new taxes cannot be eliminated because doing so would be “too expensive?”

Obviously so — or else we wouldn’t be where we are today, staring down a fiscal Armageddon the likes of which human civilization has never seen.

If our Republic is to survive this fiscal storm, then our leaders need to stop fabricating numbers and start confronting them. For example, they could recognize that the elimination of entitlement spending produces savings — not costs. And more importantly, they could recognize that in light of government’s mounting debt and the millions of new Medicare and Social Security enrollees projected over the coming decade – there is simply no room for any additional spending.

Tags: Howard Rich, ALG, Ben Bernanke, CBO, Congress, Federal Bugdet Crisis, Federal Reserve, Fiscal Crisis, Government Debt, Health Care, Keynesians, Medicare, Michael Cannon, ObamaCare, ObamaCare Repeal, Socialized Medicine, Tom Price
To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 3:23 PM - Post Link

0 Comments:

Post a Comment

<< Home


View U.S. National Debt

Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More


Also, Join us at:
Facebook.com/ARRANewsService


Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
State Upper & Lower House Members
State Attorney Generals
State Governors
The White House
US House of Representatives
US Senators
GrassFire
NumbersUSA
Ballotpedia

Facebook Accts - Dr. Bill Smith
Pages:
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.

Patriots
Exchange
Links

Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
Americans for a Free Republic
America's Best Choice
ARRA News Twitter
As The Crackerhead Crumbles
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report
Chuck Baldwin - links
Common Cents
Conservative Voices
Defeat Obama's Agenda
Diana's Corner
Greater Fitchburg For Life
Lasting Liberty Blog
Liberal Isn't Amy
Maggie's Notebook
Marathon Pundit
Patriot's Corner
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Secure Arkansas
Sultan Knish
The Blue Eye View
The Born Again Americans
TEA Party Cartoons
The Foxhole | Unapologetic Patriot
The Liberty Republican
The Lid
The Maritime Sentry
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
TOTUS
Twitter @ARRA
Underground Notes
Warning Signs
Women's Prayer & Action
WyBlog

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Action Forum (AAF)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
CATO Institute
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
FairTax
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
OathKeepers
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Truth in Accounting
Union Facts



Blogs For Borders

Reject the United Nations

Presidential Prayer Team

Thousands of Deadly Islamic Terror Attacks Since 9/11


FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger


  • To Exchange Links - Email: editor@arranewsservice.com!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting beliefs associated with the former Arkansas Republican Assemblies (ARRA), this blog/site is controlled and supported by the editor. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2018 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.