Bernie Releases “Fact Sheet” of Proposed Government Programs Funded By Taxes Increases and Massive Lawsuits…His Ideas, Our Money

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To sell socialism and communism, you cannot get specific. You have to speak in platitudes.

I mean, after all, who can argue with “justice”? Who can argue with “fairness”? Don’t let them figure out that what your campaign is really about is anger and envy and hatred and control. That is what’s propelling Bernie’s supporters. You take a look at ’em. They think Bernie is all about getting even with somebody and making somebody pay for having more, for doing more, for being better, what have you.

But you must, above all things, stay away from details. You have to stay away from how much your “fairness” will cost. You have to stay away from the things like the rights that you will lose in the process of the government gaining control. You stay away from the fact that you’re gonna be taking people’s private property away from ’em. That’s not feel-good rhetoric. So you avoid all details — like calling indoctrination “a literacy program,” propaganda “a literacy program.” – Rush Limbaugh, 2/24/2020

FoxNews.com reports that

Bernie Sanders released a fact sheet Monday night explaining that he’d pay for his sweeping new government programs through new taxes and massive lawsuits, as well as by slashing spending on the military, among other methods.

The effort sought to head off complaints from Republicans and some rival Democrats that his plans were economically unrealistic, especially after a head-turning CBS News Interview in which the frustrated Vermont senator said he couldn’t “rattle off to you every nickle and every dime” about his proposed expenditures.

He released his plan on his website just minutes after promising to do so during a CNN town hall.

However, the fact-sheet highlighted for the first time that many of Sanders’ expected cost-saving measures relied heavily on conjecture. For example, Sanders’ document asserts matter-of-factly that a “modest tax on Wall Street speculation … will raise an estimated $2.4 trillion over ten years” and, in one fell swoop, make all “public colleges, universities and trade schools tuition-free … and cancel all student debt over the next decade.”

Sanders’ projections also stated without providing details that his Green New Deal plan would create “20 million new jobs,” thus ensuring $2.3 trillion in “new income tax revenue.”

Additionally, Sanders promised that by “averting climate catastrophe we will save: $2.9 trillion over 10 years, $21 trillion over 30 years and $70.4 trillion over 80 years.” No information was provided to validate that assertion, although the Trump administration’s National Climate Assessment found that it was possible climate change could reduce the size of the U.S. economy by 10 percent by the end of the century, assuming no substantial changes in technology or policy occur.

Sanders claimed to be able to raise “$3.085 trillion by making the fossil fuel industry pay for their pollution, through litigation, fees, and taxes, and eliminating federal fossil fuel subsidies.” He has repeatedly suggested on the campaign trail that he would direct the Justice Department to pursue the fossil fuel industry, although it was unclear how successful that legal strategy would be.

On health care, although some nonpartisan estimates have put the cost of Sanders’ “Medicare-for-all” proposal at over $32 trillion, Sanders’ fact-sheet doubled down on a “proposed a menu of financing options that would more than pay” for the program.

Among the available options: “creating a 4 percent income-based premium paid by employees, exempting the first $29,000 in income for a family of four,” as well as imposing a 7.5 percent “income-based premium paid by employers, exempting the first $1 million in payroll to protect small businesses.”

Other savings would come from eliminating “health tax expenditures, which would no longer be needed under Medicare for All,” and “raising the top marginal income tax rate to 52% on income over $10 million.”

Reducing defense spending by “$1.215 trillion” would be achievable by “scaling back military operations on protecting the global oil supply,” Sanders’ fact-sheet continued. Defense spending is slated to total $934 billion from Oct. 1, 2020 to Sept. 30, 2021.

Oh, wow.

He’s shoveling it with both hands, isn’t he?

Politicians, especially Liberal ones have always made Campaign Promises which they had no intentions of keeping…because they couldn’t.

Bernie is pulling ideas out of his hindquarters and expecting gullible Americans to believe him.

Just like other Communists before him, he is relying on “useful idiots” to achieve his dream of a huge Nanny-State Central Government, running the proletariat’s lives from cradle to grave.

If you believe that somehow Bernie Sanders could control the Earth’s climate resulting in savings over “$2.9 trillion”, then I have an autographed Harvey Weinstein Walker to sell you, used only to get in and out of the courtroom.

And, if you believe that a “Green New Deal” would create “20 million jobs”, then you were not paying attention during the Solyndra and GreenTech Automotive fiascos.

Bernie Sanders has no clue as to how to be the leader of the greatest country on God’s green Earth because his loyalty is not to the American people…it is to the tenets of a failed political ideology.

And that, as confirmed by his illogical “fact sheet”, makes him a very dangerous man.

Bernie has made his living off of American Taxpayers for several decades now, sitting on Capitol Hill and not accomplishing a darn thing except taking up space…and raking in money.

Reading his proposals as reported by Fox News made me think of the old sitcom “Family Matters and Steve Urkel. Immediately after Urkel screwed something up, causing a disaster, he would say,

“Oh, did I do that?”

If somehow Bernie became President and implemented some of his ludicrous proposals, leading to an invasion by foreign forces or America resembling Socialism-scavenged Venezuela, I can envision Bernie saying the same thing.

Only, no one would be laughing.

Until He Comes,

KJ

 

Obama: More Debt, More Taxes

If Americans allow Barack Hussein Obama (mm mmm mmmm) to have a second term, he has big plans.

Judging from his last four years, all of his plans require a lot of money.

Our money.

Per cnsnews.com:

According to the U.S. Treasury, the debt of the U.S. government climbed by a total of $1,275,901,078,828.74 in fiscal 2012, which ended yesterday.

That means the federal government borrowed approximately an additional $10,855 for each household in the United States just over the past twelve months.

The total debt of the United States now equals approximately $136,690 per household.

In fiscal 2011, the debt increased by about $10,454 per household–$401 less than the $10,855 per household increase of 2012.

The $1.2758 trillion that the debt increased in fiscal 2012 was about $47.18 billion more than the $1.2287 trillion that the debt increased in fiscal 2011.

The federal fiscal year begins on Oct. 1 and ends on Sept. 30.

At the close of business on Sept. 30, 2011, the total debt of the U.S. government was $14,790,340,328,557.15, according to the Treasury. At the close of business on Sept. 28, the last business day of fiscal 2012, it was $16,066,241,407,385.89

That meant the debt increased in fiscal 2012 by $1,275,901,078,828.74.

At the close of business on Sept. 30, 2010, the debt had stood at $13,561,623,030,891.79. Over the course of fiscal 2011, it increased by $1,228,717,297,665.36 before closing at 14,790,340,328,557.15 on Sept. 30, 2011.

The fiscal 2012 increase of $1,275,901,078,828.74 exceeded the fiscal 2011 increase $1,228,717,297,665.36 by $47,183,781,163.38

The Census Bureau estimated that there were 117,538,000 household in the United States in 2010. The $1,275,901,078,828.74 that the debt increased in fiscal 2012 equaled about $10,855 for each one of those 117,538,000 households.

Here is how much the debt has increased in each of the last six fiscal years:

Fiscal 2007: $500,679,473,047.25

Fiscal 2008: $1,017,071,524,650.01

Fiscal 2009: $1,885,104,106,599.26

Fiscal 2010: $1,651,794,027,380.04

Fiscal 2011: $1,228,717,297,665.36

Fiscal 2012: $1,275,901,078,828.74.

So, how does America crawl out of this financial abyss?

Will Obama pledge to be a better steward of our money, and, actually, finally be fiscally responsible?

Does Toure write Polka Music?

Don’t worry, boys and girls. Obama has a plan. He’s simply going to tax the stew out of us.

A typical middle-income family making $40,000 to $64,000 a year could see its taxes go up by $2,000 next year if lawmakers fail to renew a lengthy roster of tax cuts set to expire at the end of the year, according to a new report Monday

Taxpayers across the income spectrum would be hit with large tax hikes, the Tax Policy Center said in its study, with households in the top 1 percent income range seeing an average tax increase of more than $120,000, while a family making between $110,000 to $140,000 could see a tax hike in the $6,000 range.

Taxpayers across the income spectrum will get slammed with increases totaling more than $500 billion – a more than 20 percent increase – with nine out of 10 households being affected by the expiration of tax cuts enacted under both President Barack Obama and his predecessor, George W. Bush.

The expiring provisions include Bush-era cuts on wage and investment income and cuts for married couples and families with children, among others. Also expiring is a 2 percentage point temporary payroll tax cut championed by Obama.

The looming expiration of the large roster of tax cuts is one of the issues confronting voters in November, with the chief difference between Obama and GOP candidate Mitt Romney being the tax treatment of wealthier earners. Obama is calling for permitting rates on individual income exceeding $200,000 and family incoming over $250,000 to go back to Clinton-era rates of as much as 39.6 percent.

Both candidates call for rewriting the tax code next year, but any such effort promises to be difficult and could take considerable time.

Monday’s study, by the independent Tax Policy Center, deals with the immediate increases set to slap taxpayers in January under the existing framework of the tax code.

Few are talking of renewing Obama’s payroll tax cut, even though that would mean a healthy tax increase for many working people. Working families with modest incomes would be hit hard as the child tax credit would shrink from a maximum of $1,000 per child to $500.

As a result, a married couple earning $50,000 with three dependent children that currently receives an almost $1,500 income tax refund largely due to the child tax credit would see their fortunes reversed by more than $3,000 next year and pay more than $1,500 in income taxes while seeing their payroll taxes go up by $1,000 if the full menu of tax cuts expire.

“It’s just a huge, huge number,” said Eric Toder, one of the authors of the study.

Economists warn that the looming tax hikes, combined with $109 billion in automatic spending cuts scheduled to take effect in January, could throw the fragile economy back into recession if Washington doesn’t act. The automatic spending cuts are coming due because of the failure of last year’s deficit “supercommittee” to strike a bargain. The combination of the sharp tax hikes and spending cuts has been dubbed a “fiscal cliff.”

“The fiscal cliff threatens an unprecedented tax increase at year end,” says the report. “Taxes would rise by more than $500 billion in 2013 – an average of almost $3,500 per household – as almost every tax cuts enacted since 2001 would expire.”

The Greatest President of our Generation, Ronald Wilson Reagan once said:

Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.

Ronaldus Magnus was a prophet.

The Obama Administration, quite frankly, for all of his platitudes, does not  care that average Americans are having trouble paying their bills. As we say in Dixie,

It don’t bother him none. He’s got his.

In fact. he and Moochelle are worth $11 million!

He would rather everyone turned to Uncle Sugar in their time of need, instead of pulling themselves up by their boot straps, bucking up, and carrying on, with help from their family, friends, and neighbors.

There are several catch phrases that we’ve learned during these last few years such as  “social justice” and “spread the wealth around”.

However, one phrase has been missing from Obama’s vocabulary:

American Exceptionalism.

He doesn’t believe in it…or us.

We’ll make believers out of him on November 6th.