Obama and John Adams on the Debt

"There are two ways to conquer & enslave a nation. One is by the sword. The other is by debt." - John Adams 1826

The Quote of the Decade:
"The fact that we are here today to debate raising America 's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America 's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better." ~ Senator Barack H. Obama, March 2006

Romney-Obama Debates

(The following article was published on September 25, 2012 by morningbell@heritage.com.)

"60 Minutes" Contrast Between Romney, Obama on Entitlements

The official, head-to-head debates begin next week, but Sunday’s “60 Minutes” appearances by President Barack Obama and Governor Mitt Romney (R-MA) provided a contrast in the ideas offered on the nation’s entitlements and spending crisis.

For his part, the President punted on a serious question about the nation’s concern over spending—blaming everything on President George W. Bush. Instead of addressing the spending question, he waited for the next question about the national debt, which has increased more than 50 percent since he took office. Then came the familiar refrain of why he’s not responsible for Washington’s overspending or the country’s abysmal fiscal situation:

When I came into office, I inherited the biggest deficit in our history. And over the last four years, the deficit has gone up, but 90 percent of that is as a consequence of two wars that weren’t paid for, as a consequence of tax cuts that weren’t paid for, a prescription drug plan that was not paid for, and then the worst economic crisis since the Great Depression.

These continued excuses ignore the massive increases since the President took office. According to Heritage expert Emily Goff: By fiscal year 2008, the deficit had reached $458.6 billion. The deficit was increasing as Obama came into office, mainly driven by the recession and the first wave of TARP bailouts. But his Administration’s massive stimulus bill sent spending into overdrive and led to a record $1.4 trillion deficit for fiscal year 2009. Deficits have stayed at more than $1 trillion each year since then.

America’s entitlement programs are the major driver of out-of-control spending. Without reform, they would push federal spending to nearly 36 percent of the economy within a generation. Debt held by the public would explode to nearly 200 percent. Serious structural reforms are inevitable—it is merely a question of how we change what we are doing.

In his “60 Minutes” interview, Obama glossed over Obamacare’s cuts to Medicare and the resulting costs for seniors.

Romney, when asked how he would change Social Security, first made clear there should be no changes to benefits for those in or near retirement.

But he went on:

What I’d do with Social Security is say this: that again, people with higher incomes won’t get the same high growth rate in their benefits as people with lower incomes. People who rely on Social Security should see the same kind of growth rate they’ve had in the past. But higher income folks would receive a little less.

As Heritage expert Alison Fraser explains, Social Security is already income-adjusted today. This is called means testing. Benefits are capped for high-income earners, and the calculation of initial benefits a new retiree receives is based on his or her past income. Upper-income retirees pay a much higher tax than those with lower incomes. Romney proposes to extend this income adjusting so that upper-income retirees receive a bit less than they do now.

While many politicians claim that the only way to address entitlements is to raise taxes or cut benefits, expanding means testing is a serious and sound way to pursue reform.

These kinds of solutions can be found in Saving the American Dream, Heritage’s blueprint for solving our spending and debt crises. Saving the American Dream lays out solutions like slowly moving to a flat Social Security benefit that keeps seniors out of poverty, means testing Social Security so that very affluent seniors have a reduced benefit, and moving to a more robust means-tested premium support mechanism for Medicare that offers seniors choice and control over their health dollars and better health outcomes.

Without reforms, entitlement programs will push spending to untenable levels and put undue pressure on vital areas of government such as national defense. The Obama Administration’s comments about reform, like "now is not the time" for fixing Social Security and the need for a "balanced approach," have been proven hollow by its push for tax hikes on job creators. We have a spending problem, not a revenue problem, and the longer Washington wastes time, the harsher the changes will have to be.

This debate is vital. To save the American economy and sustain the safety net for those who need it, spending must be reined in and entitlement programs must be reformed.

Obama and Pharaoh Share Same Slavery Plan

RECENT VIRGINIA CHURCH SERVICE SERMON…


I’d love to give the Pastor of this predominantly black church in Virginia three cheers. This guy is obviously a leader. Perhaps we should each decide who our real leader is... It is amazing to see that very little has changed in 4,000 years.


"Good morning, brothers and sisters; it's always a delight to see the pews crowded on Sunday morning, and so eager to get into God's Word. Turn with me in your Bibles, if you will, to the 47th chapter of Genesis. We'll begin our reading at verse 13, and go through verse 27.

Brother Ray, would you stand and read that great passage for us?

... (reading) ...

Thank you for that fine reading, Brother Ray.

So we see that economic hard times fell upon Egypt, and the people turned to the government of Pharaoh to deal with this for them. And Pharaoh nationalized the grain harvest, and placed the grain in great storehouses that he had built. So the people brought their money to Pharaoh, like a great tax increase, and gave it all to him willingly in return for grain. And this went on until their money ran out, and they were hungry again.

So when they went to Pharaoh after that, they brought their livestock - their cattle, their horses, their sheep, and their donkey - to barter for grain, and verse 17 says that only took them through the end of that year. But the famine wasn't over, was it? So the next year, the people came before Pharaoh and admitted they had nothing left, except their land and their own lives. "There is nothing left in the sight of my lord but our bodies and our land. Why should we die before your eyes, both we and our land? Buy us and our land for food, and we with our land will be servants to Pharaoh.

So they surrendered their homes, their land, and their real estate to Pharaoh's government, and then sold themselves into slavery to him, in return for grain.

What can we learn from this, brothers and sisters? That turning to the government instead of to God to be our provider in hard times only leads to slavery.

Yes...

That the only reason government wants to be our provider is to also become our master? Yes.

But look how that passage ends, brothers and sisters!

Thus Israel settled in the land of Egypt, in the land of Goshen. And they gained possessions in it, and were fruitful and multiplied greatly." God provided for His people, just as He always has! They didn't end up giving all their possessions to government, no, it says they gained possessions! But I also tell you a great truth today, and an ominous one.

We see the same thing happening today - the government today wants to "share the wealth" once again, to take it from us and redistribute it back to us. It wants to take control of healthcare, just as it has taken control of education, and ration it back to us, and when government rations it, then government decides who gets it, and how much, and what kind. And if we go along with it, and do it willingly, then we will wind up no differently than the people of Egypt did four thousand years ago - as slaves to the government, and as slaves to our leaders.

What Mr. Obama's government is doing now is no different from what Pharaoh's government did then, and it will end the same.

And a lot of people like to call Mr. Obama a "Messiah," don't they? Is he a Messiah? A savior? Didn't the Egyptians say, after Pharaoh made them his slaves, "You have saved our lives; may it please my lord, we will be servants to Pharaoh"?

Well, I’ll tell you this - I know the Messiah; the Messiah is a friend of mine; and Mr. OBAMA IS NO MESSIAH! No, brothers and sisters, if Mr. Obama is a character from the Bible, then he is Pharaoh.

Bow with me in prayer, if you will...

Lord, You alone are worthy to be served, and we rely on You, and You alone. We confess that the government is not our deliverer, and never rightly will be. We read in the eighth chapter of 1 Samuel, when Samuel warned the people of what a ruler would do, where it says "And in that day you will cry out because of your king, whom you have chosen for yourselves, but the LORD will not answer you in that day..."

And Lord, we acknowledge that day has come. We cry out to you because of the ruler that we have chosen for ourselves as a nation. Lord, we pray for this nation. We pray for revival, and we pray for deliverance from those who would be our masters. Give us hearts to seek You and hands to serve You, and protect Your people from the atrocities of Pharaoh's government. In God We Trust... "