23 September 2013

The Redistribution (for some) Cometh

Isn't a man who will have 24/7 bodyguards for the rest of his life, a man who will be taken directly to the front of every conceivable waiting line... isn't such a man the very definition of the despicable 1 percent?
redistributing wealth
$621 billion is a pretty eye-glazing number. Most readers will find it easier to think about how this number translates to a typical American family—the very family candidate Obama promised would see $2,500 in annual savings as far as the eye could see.

Between 2014 and 2022, the increase in national health spending (which the Medicare actuaries specifically attribute to the law) amounts to $7,450 per family of 4.

RELATED: Obamanomics... the tally
The Federal Reserve also released its latest weekly accounting sheet indicating that it had already accumulated more Treasuries and MBSs than the total value of the publicly held U.S. government debt amassed by all U.S. presidents from George Washington though Bill Clinton.

Since the beginning of September 2008, in fact, the Fed's ownership of Treasury securities and MBSs has increased seven fold.
Because that's what socialists do...
"In 1968, when Trudeau went from rich, socialist professor who had never held a real job in his life to prime minister, Canada’s national debt was a modest $11.3 billion; the federal deficit was zero."

"When Trudeau left office in 1984, the debt had mushroomed to $128 billion; the deficit to $25 billion annually."
Are you ready for the second coming?