Obama Willing to Go Off “Fiscal Cliff” to Raise Tax Rates on Rich … Harry Reid Blocks Senate Vote on Obama’s Deficit Reduction Plan

What a joke and you are to blame America … You voted this snarky, vindictive, non-serious President back into office and now America will suffer for years to come.  What a mess …

President Barack Obama nor US Senate Majority Leader Harry Reid are not serious about  fixing the out of control government spending and the ever-growing $16 trillion national debt, all they care about is being vindictive and getting a liberal trophy for raising tax rates on the rich. Yesterday, Treasury Secretary Turbo Tax Timothy Geithner stated that the Obama administration “absolutely” willing to allow the United States to fall off the “fiscal” cliff unless Republicans drop their opposition to higher income tax rates on the wealthy. But what does this really do, nothing. The amount of revenue that would be gained as compared to the $16 trillion debt and continued +$1 trillion Obama deficit spending is like firing a pea at an elephant. The amount of revenue from raising tax rates on the rich would fund government for eight days. That’s it. So why is Obama so adamant about going off the fiscal cliff if tax rates are not raised? To of course get some kind of liberal trophy from the far Left of course. In the end it will accomplish nothing to help the problem we are in and will most likely cause us to go backwards into yet another recession.

President Obama’s lead negotiator in the “fiscal cliff” talks said the administration is “absolutely” willing to allow the package of deep automatic spending cuts and across-the-board tax hikes to take effect Jan. 1, unless Republicans drop their opposition to higher income tax rates on the wealthy.

Treasury Secretary Timothy Geithner said in an interview with CNBC that both sides are “making a little bit of progress” toward a deal to avert the “cliff” but remain stuck on Obama’s desired rate increase for the top U.S. income-earners.

So how serious is Obama and Reid about helping America through these troubled times of over spending? Not at all. they are merely playing party politics with America’s future. Barack Obama had presented a deficit reduction plan. Senate Minority Leader Mitch McConnell (R-KY) offered an amendment to force a vote on President Obama’s deficit-reduction plan, however, Senate Majority Leader Harry Reid (D-Nev.) blocked it. Do you think that Obama or Reid are serious about what they are doing? Hardly. Reid knew Obama’s plan was a pathetic joke and not serious. Reid knows that no self-respecting member of the Senate, including Democrats would vote for this crap. As reported at the Weekly Standard, Reid calls Minority Leader Mitch McConnell’s request to vote on the plan a “stunt.” Really, what would you call Obama’s deficit reduction plan then, that you are unwilling to put to a vote knowing it would fail and embarrass Obama?

It is obvious that Obama wants to go over the fiscal cliff, thinks he does not to negotiate and believes he is a King not a President.

Senate Minority Leader Mitch McConnell (R-Ky.) on Wednesday offered an amendment to force a vote on President Obama’s deficit-reduction plan, but Senate Majority Leader Harry Reid (D-Nev.) was having none of it.

“Last week [Treasury] Secretary [Timothy] Geithner brought up a proposal that was so unserious,” McConnell said on the floor, “I would like to see if my Democratic friends would like to support it.”

Senate vote on what he called the president’s “ridiculous” plan as an amendment to the Russian trade bill that is being considered.

Reid, however, objected to McConnell’s suggestion, saying the Russian trade bill, H.R. 6156, is about job creation, not political stunts from Republicans.

Barack Obama cared little during the first years of his first term as president what the people thought and forced through Obamacare. What exactly did you think this vindictive president was going to do if reelected knowing he does not have to face another election and has no accountability to ‘We the People”.

Welcome to Obamaland and “Hope & Change” … American Households Hit 43 Year Low In Net Worth

Welcome to Obamaland and Obama’s vision of “hope and change” as American households have hit a 43 year low in net worth.  All this America and you still voted Obama back into office even though he hasn’t a clue as to how to fix the economy or job growth. Sadly, an ignorant electorate still seems to blame Bush for the economy. At what point is America going to wake up and realize that it is an Obama owned economy? Just curious, who is Obama going to blame during his second term in office for the failed inherited economy when he inherited it from himself?

Obama laughed himself silly when he realized that a misinformed electorate actually reelected him without a clue to help fix the economy

The median net worth of American households has dropped to a 43-year low as the lower and middle classes appear poorer and less stable than they have been since 1969.

According to a recent study by New York University economics professor Edward N. Wolff, median net worth is at the decades-low figure of $57,000 (in 2010 dollars). And as the numbers in his study reflect, the situation only appears worse when all the statistics are taken as a whole.

According to Wolff, between 1983 and 2010, the percentage of households with less than $10,000 in assets (using constant 1995 dollars) rose from 29.7 percent to 37.1 percent. The “less than $10,000? figure includes the numerous households that have no assets at all, or “negative assets,” which is otherwise known as “debt.”

America, class warfare is not an economic policy and campaigning is not leadership. Grow up!

Welfare State on Steroids … Welcome to America Where it Does not Pay to Work

Welcome to Obama Land, a “welfare” state on steroids … For Every 1.25 People in Private Sector, 1 Person Gets a Government Check.

Remember an America where individuals believed in hard work and perseverance? Remember an America where individuals took pride in their work and believed in an honest days wage for an honest days work? Remember when we believed in getting ahead over entitlement? NOT ANY MORE. Welcome to an Obama world where many do not want to work a normal work week but expect to be paid for it. Welcome to the Obama progressive welfare state where the slackers succeed off those that work hard. America just elected a president who spent $5 trillion during his first term and looks to double down in this second one.  Who really gets hurt by this, the rich? Nope, the middle class. For those in the middle class who work for a living to put food on their families table and a roof over their head, have been sold down the river by federal and state governments that have created a welfare system on steroids. How bad has it become in the United States, it does not pay to work. This country is about to hit a tipping point and the point of no return. Who thinks that this was the vision of Our Founding Fathers?

The grim and disturbing news from Zero Hedge Fund:

[I]t is now more lucrative – in the form of actual disposable income – to sit, do nothing, and collect various welfare entitlements, than to work. This is graphically, and very painfully confirmed, in the below chart from Gary Alexander, Secretary of Public Welfare, Commonwealth of Pennsylvania (a state best known for its broke capital Harrisburg). As quantitied, and explained by Alexander, “the single mom is better off earning gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045.“

As aptly stated by Powerline, Those who work for a living have been sold out by federal and state governments that have created a welfare system gone mad.

Up, Up and Away … Budget deficit rises to $120 billion in October

Looks like Obama inherited a terrible budget deficit from the previous president … himself!

Up, up and away … The Obama out of control federal deficit continues. The budget deficit rose to $120 billion in October 2012. This is what happens when you reelection President give away. All this and Obama never during the election said how he would deal with the economy or out of control spending except to tax the rich. Maybe Obama can blame the bad situation on the previous president. Oh, that would be him wouldn’t it?

 120 billion dollars!!!

The budget deficit rose in October, the first month of fiscal year 2013, as looming negotiations over expiring tax cuts and imminent spending reductions dominated the post-election political landscape.

The Treasury said on Tuesday the October deficit was $120 billion, larger than economist forecasts for a $114 billion gap and up from $98 billion in October of 2011.

Growth in expenditures outpaced rising receipts, deepening the deficit. Outlays grew to $304 billion from around $262 billion in the same month last year while receipts rose to $184 billion from $163 billion.

The Economy is #1 Issue in 2012 Presidential Election and Obama Does not Even Meet with his Own Jobs Council

The economy/jobs is the number one issue with Americans in the 2012 Presidential election. Obama has stated in multiple State of the Union speeches and on the campaign trail that jobs is his primary focus. Really?

Who really thinks that jobs have been a priority for Obama? When asked in an interview by the Des Moines Register, Obama stated that he had no regrets over prioritizing Obamacare over jobs. So then it should come as no surprise that Barack Obama didn’t even join in on “Job Council” monthly calls.

Remember back in July when the administration told reporters Barack Obama was too busy to meet with his jobs council? How about Obama missing more than half of his daily briefing meetings as well.

The absentee president cant be bothered with doing the job of president, he has been too busy for four years campaigning instead.