The speech President Obama gave today on reducing the deficit, entitled “I can’t believe you guys did this to me”, was centered mainly around Jedi mind tricks.
The first half was his normal bitching and moaning about how obviously none of this is his fault, then things got really interesting. After all the guests had gone and all the streamers had been cleaned up from his pity party, he said, “Politicians are often eager to feed the impression that solving the problem is just a matter of eliminating waste and abuse -that tackling the deficit issue won’t require tough choices.”
He then immediately went on to explain how we could pay off our debt by eliminating waste and abuse and not making any tough choices.
He was ready to make the tough choices, even if its politically unpopular….OR he could just tell you that all of our problems will go away WHILE AT THE SAME TIME he’s making things way way better.
Towards the end of his expert analysis on how eliminating waste and abuse from Medicare will make it completely affordable, he took it one step further: “And if we’re wrong, and Medicare costs rise faster than we expect, this approach will give the independent commission the authority to make additional savings by further improving Medicare.”
But he’s not only going to reduce the deficit by giving you better things. He’s also going to tax the rich people. As I explained in a previous post, liberals assure us they passed 7th grade pre-algebra. But someone should explain to them that if higher taxes cause decreased economic growth, you end up with less revenue. Plus, Hauser’s Law: tax revenue has remained consistently around 19% of GDP, no matter what the tax rates are. It’s all about economic growth, which is helped by lower, flatter taxes. If you’re going to get 19% no matter what, you might as well get 19% of the biggest pie possible.
I really wish somebody would ask Obama why tax revenues doubled under Reagan, and rich people paid a much higher percentage of the tax burden. But facts aren’t as important as Obama getting re-elected.