Gotta start this one off with a video. Is sickening. Really, sickening. Either Gibbs the Fibbs had the day off, or he failed to tell Obama he needed crib notes as a back-up:
Just like Biden, one never knows what to expect from Zero when there’s a TOTUS fail. Yep. For himself, he doesn’t begrudge the $5.5 M he made last year. But try and let anyone else make that kind of dough, it’s a WHOLE different matter. The Hypocrite-in-Chief made it easy for me today. Apparently all that stuff from Reverend Wright didn’t rub off on the Thief-in-Chief after all because he failed to tithe:
What is surprising, given the recent controversy over Obama’s membership in the Trinity United Church of Christ, is how little the Obamas apparently gave to charity — well short of the biblical 10% tithe for all seven years. In two of the years, the Obamas gave far less than 1% of their income to charity; in three of the years, they gave around 1% of their income to charity. Only in the last two years have they given substantially more as their income skyrocketed — 4.7% in 2005 and 6.1% in 2006. (Of course, it is possible that the Obamas may have made gifts to other worthy causes that were not deductible for federal income tax purposes.)
And Peter Orszag, after Monday’s first meeting of the President’s Fiscal Commission admits the “current policy is unsustainable.” Hey, I didn’t take ECON 101 or POLY Sci but I already knew this.
And the pain continues under Obamacare. One third of employers may be penalized for health coverage deemed ‘unaffordable.’
Many will probably consider paying the penalty, which is considerably cheaper, than choosing to enroll employees in Obamacare.
Budgets currently in the Administration will:
- create long term deficits
- reduce availability of dollars for investment
- increase needed borrowing from abroad
- elevate interest rates
I don’t need TOTUS or crib notes to remember the above. Has been burned in my brain.