Originally said to cost somewhere between $725 billion and $775 billion, aides to PEBO who are working on the proposal are beginning to see the cost being closer to $850 billion.
Included in the bill is $85-$90 billion to states who can't manage their own budgets and feel they are entitled to a government bailout. Another $80 billion is intended to go to states for educational programs in the hopes of heading off cuts in school programs and increases in property tax bills. After that comes #25 billion in subsidies to laid-off workers to cover health insurance, $35 billion for extended unemployment benefits and $20 billion increase in food stamp benefits.
Where is this money going to come from? Especially if Obama is going to be cutting taxes for the middle class? Does he really think that by cutting taxes on the middle class and increasing taxes on the rich is going to generate enough revenue to pay for all of this?
This conversation has been proposed before but this time it needs to be spelled out completely. Hefting the financial responsibility for paying for all of these programs on the backs of the rich is going to have a major backlash. Those who are rich are going to find more creative accountants who are going to help them hide more of their money from the IRS and then voila, there spigot will be turned down even further. The flow of money into the government from the rich will dwindle to a trickle and the recession we are currently experiencing will be prolonged.
Why is it that Democrats and Liberals believe that squeezing the rich for more money is the way to accomplish anything? Why do Democrats and Liberals believe that government has to be the answer to everything? What is so wrong with letting the people take care of themselves? Why is it necessary for the government to be the savior of everyone?
As much as this reporter believes in business as the foundation of the American Free Enterprise system, he also believes that the Free Market system should be allowed to decide who wins and who loses. Economic Darwinism is Free Enterprise at its best. Survival of the fittest is the mainstay of the Free Enterprise system.
So what if General Motors goes bankrupt? The reason is that the UAW is a bunch of thumb-sucking crybabies who are too stupid to realize that they are part of the problem. They are a corrupt labor union that needs to be broken. Toyota USA and Honda's interests in America don't cater to the UAW and those employees aren't working in sweatshops. They're making a living without being paid $75/hour to do a job that could be done by a trained monkey.
Furthermore, where is it, please, written in the Constitution that the government is supposed to provide cradle-to-grave entitlements to the people? Don't bother looking. This reporter has read the Constitution from beginning to end no less than five times and "it ain't there!"
It is not the job of the government to provide the people with ANYTHING except those things specifically spelled out in the Constitution. In fact, the Bill of Rights does two things: it tells the Congress, in explicit language, what it CANNOT do and it reserves to the people any power not specifically given to the Congress.
Most socialists argue that the preamble is where this is found in the line, "promote the general welfare". Sorry, cousin, that's not even close. The general welfare referred to isn't government payments it is the well-being of the people. The Constitution is designed to promote the general welfare by providing to the people the ability to think, act and do for themselves -- not sit on their lazy butts watching Doprah on TV and stuffing their faces with bon-bons while waiting for the next government check to show up. The Constitution provides that the government will protect the people from external invasion by hostile forces who would do the nation harm. That's it. The government is not designed to protect us from ourselves by becoming Big Brother.
America was built on the principles of free enterprise, regardless of what lies will be propagated by the liberal left. Additionally, socialism at ever level has been tried elsewhere throughout the world. Every single time it has been tried, it has failed and failed miserably. Socialism is the intermediate step between capitalism and communism. It's no place America needs to go, but unless the people rise up and demand that their government stop trying to run their lives, America is on a collision course and once there, there is no coming back.