Who’s Going To Pay For It?

OK, now all of you folks out there (especially the Obama supporters) stop and think for a little bit on the following:

  • A multi-billion dollar “stimulus” bill was passed and signed that was full of waste and earmarks.
  • Multiple banking and finance institutions were bailed out with billions from the government treasury.
  • Two car companies were also given loans, declared bankruptcy, and were not only able to write the loans off but got more money to see them through the bankruptcy and reorganization.
  • A global warming climate change bill was just passed in the House this past week with carbon cap & trade as its centerpiece.
  • The President is pushing for a universal healthcare coverage policy for anyone that wants it.
  • We are constantly bombarded with information that Social Security and Medicaid/Medicare are going to go broke in the near future.

Now who do you think is going to pay for all of the above? 

From ABC’s commentator George Stephanopoulos:

White House senior adviser David Axelrod said the president won’t rule out a health care reform bill that includes a middle-class tax hike.

"The president had said in the past that he  doesn’t believe taxing health care benefits at any level is necessarily the best way to go here.  He still believes that," Axelrod told me on This Week, "But there are a number of formulations and we’ll wait and see.  The important thing at this point is to keep the process moving, to keep people at the table, to the keep the discussions going. We’ve gotten a long way down the road and we want to finish that journey."

I pressed Axelrod on whether Obama will draw a line in the sand and veto any bill that funds health care reform with tax hikes for people making under $250,000 a year — despite a pledge Barack Obama made during the 2008 presidential campaign not to raise taxes on the poor and middle-class.

"One of the problems we’ve had in this town is that people draw lines in the sand and they stop talking
to each other.  And you don’t get anything done.  That’s not the way the president approaches us.  He is very cognizant of protecting people — middle class people, hard-working people who are trying to get along in a very difficult economy.  And he will continue to represent them in these talks," Axelrod said.

"But they’re also dealing with punishing health care costs, and that’s something that we have to deal with."

This should be a clue for the clueless.  For those who don’t want to think because it hurts their brains, then here’s the answer:  You are!!

What people don’t seem to realize is that every time Congress passes laws and the President signs them, there is usually some cost attached to them.  If it is a spending bill, then the funds are drawn from the Treasury.  The funds from the Treasury are collected by taxes, and you pay the taxes either directly or indirectly.  It won’t matter where you are in the social ladder, you will pay one way or another.

And you thought that the TEA Parties were ladies socials instead of “taxed enough already” protests.

Just thought you would like to know…

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About Tom Roland

EE for 25 Years, Two Patents - now a certified PMP. Married twice, burned once. One son with Asperger's Syndrome. Two cats. Conservative leaning to the Right. NRA Life Member.
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4 Responses to Who’s Going To Pay For It?

  1. Debbie says:

    It’s like Rush Limbaugh says, everything Obama says has an expiration date. You cannot depend on his word, it means nothing. He signs executive orders and doesn’t even know what they say. Doomed I saty, doomed, ha.

  2. Not a federal matter, but my real-estate tax bill arrived today — another hike in spite of lowered assessments.

    Northern Virginia is in the dumper financially. In a few more years, we may face the same financial fate as California, though you’d get nobody to believe so now.

    Mass exodus from this entitlements-rich area will be coming in the next few years — just as happened in California.

  3. The President is pushing for a universal healthcare coverage policy for anyone that wants it.

    How will it be universal if it’s optional? Just askin’.

  4. Tom says:

    Debbie – Obama isn’t the only person in government that doesn’t know what he signs. Look at what Congress votes for without reading the entire bill. If the populus doesn’t crack down on these people, we are doomed…doomed, I say…

    Always on Watch – Michigan isn’t much better. We’re just about as broke. And the healthcare isn’t optional if everyone is going to pay into it.

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