sunset from behind the wire

sunset from behind the wire

Thursday, October 11, 2012

Dip into the Future

For I dipped into the future, far as human eye could see,
Saw the Vision of the world, and all the wonder that would be.
- Tennyson

Foreign policy blunders and pandering to Islam will
only increase in Obama's second term when he has,
as he put it to the Russians, "more flexibility".
The mainstream media joins President Barack Obama in hoping that there will be no change in the White House, with four more years of the same old thing. While Obama's campaign offers platitudes such as "investments" in education and green energy, the media has paid very little attention on what Obama would actually do with four more years.

Unlike most second term presidents, Obama's re-election would mean sweeping policy changes, simply by having him remain in the White House through 2016. In 2014, ObamaCare will begin to be applied to the nation even though Americans favor repealing ObamaCare 54%-39%, according to the latest Rasmussen Reports survey of the issue.

Let's tick off what we have to look forward to with four more years of the Hope and Change that President Obama promises:
  • Once ObamaCare is entrenched, people likely will soon grow to view the taxpayer subsidized healthcare as an entitlement. Therefore, they'll vote for 'somebody else to pay for it' on into the future.
  • The president's last budget got zero votes in Congress, even from Democratic lawmakers. Though required by law to do so, Senate Democrats haven't even proposed a budget in almost 3-1/2 years. I doubt that we'll see one in the next four years - so budgets become a historical relic of "Old America".
Red ink, Red flag, and the President's vow to
"fundamentally transform America" will begin
to fully take shape between 2012 and 2016.
  • Federal government spending is expected to rise to 24% of GDP by 2022, according to the Congressional Budget Office's fiscal scenario. At the same time, the debt-to-GDP would swell from 40.5% in 2008 and 72.8% in 2012 to 89.7% in 2022 according to this CBO forecast. By 2037, total debt would be triple the size of the economy, though a budget crisis would likely hit well before then. (after Obama leaves office)
  • Taxes are likely to be part of an eventual fix — and not just on the rich. Obama in office for another term, the federal spending path will be at a much higher trajectory. So taxes would have to go a lot higher. Biden's prediction of a trillion dollar tax hike in the next four years will prove to be a lowball figure. The CBO's best case tax increase would be $5,247 for every American over age 16 — and just 58.7% of them have a job.
  • Obama won't just rely on inertia to expand government in a second term. His administration also has a slew of new regulations in the works. Just 13 major new rules in the pipeline will impose $515 billion in costs, according to the National Federation of Independent Business. That doesn't include massive regulations still being written for ObamaCare and the Dodd-Frank financial law. Dodd-Frank rules could eventually run to 30,000 pages, according to some estimates.
  • U.S. global competitiveness has declined for four straight years, from No. 1 in 2008 to No. 7 in the latest report by the World Economic Forum. If the trend continues, the US will likely be on a par with Denmark and Turkey.
Then there is Iran. Nobody knows where the President will stand on this issue for sure once he no longer has to run for re-election, however he has repeatedly said, "I will stand with Islam". There is no reason why we should not take him at his word. Does ANYONE think that a nuclear armed Iran will make the world a safer place?

Joe Biden thinks that the whole thing is a joke, but then again, who takes the Vice President seriously?


3 comments:

  1. Obama doesn't care about a safer world. Whatever eggs he needs to break in pursuit of his ideas, he could care less. Sociopath.

    ReplyDelete
    Replies
    1. If it makes Obama happy, it's good.

      If it doesn't make Obama happy, it's bad.

      Those are the two basic rules that the nation has been governed by over the past four years, and the Constitution has been ignored to the extent possible.

      Delete

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