With the supposed “drop dead” August 2 deadline looming, this week we’ll focus on the latest developments in Washington regarding the pending end of life on earth as we know it, sometimes known as the U.S. government’s need to ask China for an increase in its credit card limit. What do the latest reports of “dramatic progress” on a deal yesterday actually mean to you? Will any deal stop the vaunted rating agencies from downgrading our debt, and does it make any difference?
At the risk of using a distasteful figure of speech in this new age of civility, I feel to compelled to point out that Barack Obama, who has repeatedly demonstrated that he couldn’t pass Economics 101 at gunpoint, continues to vote present, hoping that if he pretends to be a bystander, no one will notice that he has increased the national debt nearly $4 trillion since he ascended to office, and that his party did not pass a budget when they had control of Congress (800+ days and counting).
Predictably, he and his union allies are using the issue of Social Security as a club against those fighting for fiscal responsibility. Initially, Obama claimed that unless he got his “balanced approach” a code phrase for increasing taxes on evil “millionaires and billionaires” who earn over $250,000 a year and use $100 bills to light their cigars as they fly around on their corporate jets, Granny might find herself starved by the Republicans before Paul Ryan gets a chance to shove her and her wheelchair off a cliff. If calls the C-SPAN are any evidence, the scare tactics are working, but are they true? Let other shows get half-baked speculation and thinly-disguised talking points from pundits and alleged “experts.” One of our special guests, today is Dr. Thomas Saving. Dr. Saving is not only a distinguished professor of economics and Director of Private Enterprise Research Center (PERC) at Texas A & M. Since he served two terms as a public trustee of the Social Security and Medicare Trust Funds, he is uniquely qualified to give us the inside story. His recent op-ed in the Wall Street Journal “Obama’s Debt-Ceiling Scare Tactics.” makes it clear that the democrats are fibbing again.
Many of us thought that this organization that, according to our second special guest Matthew Vadum, is “part political group, part crime syndicate, part terrorist organization” was gone, exposed and destroyed by James O’Keefe and Hannah Giles’ and their excellent journalism back in 2009. Not so fast. As Mr. Vadum’s amazing book Subversion, Inc.: How Obama’s ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers, explains in fascinating detail, not only is this horrifically harmful bunch of thugs still operating, U.S. taxpayers are still footing the bill.
Tune in to hear the rest of the story.
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