Obama's Debt Commission Recommends Reducing the Federal Deficit by Reducing Spending, Eliminating Tax Breaks and Modifying Social Security, Medicare and Medicaid — Cuts All Affecting Ordinary Americans

The U.S. Congress plans to slash social security 'entitlements' at a time when Wall Street has destroyed the home equity and private retirement accounts of potential retirees. Worse, they plan to increase the social security tax, disguised as a “mandatory savings tax.” This added tax would be automatically withdrawn from your paycheck and deposited to a “Guaranteed Retirement Account” managed by the Social Security Administration. Since the savings would be “mandatory,” you could not withdraw your money without stiff penalties; and rather than enjoying an earlier retirement paid out of your increased savings, a later retirement date is being called for. In the meantime, your “mandatory savings” would just be fattening the investment pool of the Wall Street bankers managing the funds. And that may be what really underlies the big push to educate the public to the dangers of the federal debt. - Ellen Brown, IMF-Style Austerity Comes to America, Web of Debt, March 2, 2010

Obama's Deficit Commission: U.S. Deficit Report Will Emerge Regardless of Vote

November 19, 2010

Reuters - The co-chairmen of President Barack Obama's deficit commission on Friday said they will make public the panel's report on how to balance the U.S. budget even if it doesn't get enough votes from commission members to be submitted to Congress.

Former Republican Senator Alan Simpson and former White House Chief of Staff Erskine Bowles have already issued their recommendations aimed at cutting the deficit by reducing spending, eliminating tax breaks and modifying Social Security, Medicare and Medicaid.

But the commission's final report must win support from 14 of the commission's 18 members before it can be officially submitted to Congress for a vote, according to a mandate imposed by Obama.

The recommendations have drawn skepticism from both sides of the political spectrum, with Republicans rejecting proposed tax hikes and Democrats chafing at prospects for altering the Social Security retirement system or the Medicare and Medicaid healthcare programs for the elderly and poor.

But Bowles and Simpson told MSNBC they will issue the report regardless of how many votes it wins.

"We aren't going to make a whitewash. We aren't going to make it softer than it is today. It's going to be a tough report. If we get 14 votes, great. If we don't, then by God, we'll put it out there," Bowles said.

Added Simpson:

"We will issue the report. We've told the administration."

The pair appeared on MSNBC's "Morning Joe" talk show program.

Bowles warned lawmakers not to ignore the recommendations, which also call for defense cuts and a hike in the gasoline tax but would reduce tax rates overall.

"They will be severely penalized if they take a walk and don't make these tough decisions and don't get real," said Bowles, predicting that no meaningful action to reduce the burgeoning deficit would bring "absolute disaster."

Voter concern about the federal deficit and mounting U.S. government debt helped Republicans oust the Democrats as the majority party in the House of Representatives in the Nov. 2 elections.

But much of the debate since election day has focused on eliminating spending provisions known as earmarks, cutting waste and fraud, and trimming foreign assistance.

Simpson and Bowles will seek commission approval for their recommendations by Dec. 1. They said Friday they expect the commission to meet again soon after Congress returns following next week's Thanksgiving holiday.


After applauding the passage of a bill to increase the federal debt limit by $1.9 trillion to $14.3 trillion (which Obama signed into law four days before signing into law the stimulus bill, the American Recovery and Reinvestment Act of 2009), Congress wants to now reduce the federal debt. They increased the limit to fund the stimulus package, which in turn is funding their New World Order Agenda, and now they want to implement austerity measures against the people by cutting Social Security, Medicare and Medicaid. Big labor, big banks, big business, big government (one entity) are taken care of while the average tax-paying citizen gets screwed.

Obamaism Following Greek Example Spells Disaster for America

May 9, 2010

RedState.com - ... Are we watching Americas future being played out in the streets of Athens, Greece? If Barack Obama has his way the troubles that are now destroying the Nation of Greece could very well be what lies ahead for The United States. In fact during his campaign Obama used Greece as an example of his vision for America and his idea of fairness for all citizens of our free Republic. A vision that if fulfilled will be the end of our “free” Republic and the creation of a total nanny state where Americans are dependent on government for everything.

Obama’s “vision” of cradle to grave government dependency for Americans plays well for many in our country who already see government as the answer to all of their problems. Who can ever forget the video of the lady taken on election night as she rejoiced in Obama’s election by gleefully stating that she would no longer have to worry about paying her mortgage or car payment or electric bill or buying groceries. All because of the “vision” of socialist nanny Barack Obama.

Some may think that we will never see violent reaction from Americans like we are seeing with Greece just because government programs are cut, because after all Americans love our freedoms and we will never allow what is happening in Greece to reach our shores. Think again! Remember the College students in California who recently violently protested because their government provided tutitons were being cut due to the states near bankruptcy?

Unfortunately in a real sense some of the Greek troubles have already reached our shores. We have had this nanny state in several forms in our Nation long before Obama took office. Social Security is one form of our existing nanny state, a sacred cow which everyone is afraid to touch or try to “fix” because of a fear of citizen backlash due to the millions of seniors who totally depend on Social Security for their retirement.

Another form of our nanny state are the welfare programs which are portrayed as compassion for those who have less but, in actuality, create a trapped dependency; because in most instances when one becomes a welfare recipient, in order to continue receiving help a recipient must abandon every avenue of bettering ones self in order to remain at the level in which eligibility for welfare assistance is available. So the fear of NOT succeeding outside of the system creates a total dependency in order to remain eligible within the system.

This nanny state is the dream of Barack Obama who once stated that the flaw in our Constitution of “negative liberties” is that our Framers stated what the government cannot do but did not state what the “government must do” on behalf of the people. Of course we who understand the concept of a free Republic and a free people with a limited government know that this “omission” by our Framers was intentional BECAUSE the Constitution was written to limit governments involvement in the freedoms and individual ability of our citizenry to prosper without government interference.

Barack Obama, in stark contrast, not only wants the government to interfere, but believes that it is government's responsibility and purpose to provide for the people and for the people to be dependent on the government for their every need. He condemns those who protest against government growth and interference in our lives. In fact, in recent speeches Obama has criticized our protests because we consider big government bad for the people. So he used examples of how those who were attending his staged town hall meetings traveled to those meetings on “government roads” and praised government regulations that “protect” Americans from evil Wall Street investors.

On April 30th, in one of these staged town halls, Obama stated,

“I mean, I do think at a certain point you’ve made enough money.”

Why would a President of a free nation even think this? There can only be one answer to that question. If citizens continue to “make money” and strive to better their own situations, then the need to look to the government for answers becomes not only less but completely unnecessary. In Obama’s government utopia this just will not do.

So he takes over health care. He takes over business and seeks to gain the power through a financial “reform” bill to take over more business in order to control how much individuals in that business can earn. He seeks to take over our energy consumption and control how we use it. He seeks to stifle investment through regulation to prevent “greedy investors” from collapsing our economy. Totally ignoring the nanny state entities of Fannie Mae and Freddie Mac, which caused the 2008 economic collapse in the first place by giving mortgages to people without the ability to pay (a share-the-wealth programs).

A government-dependent people become lazy and become slaves to government control and government power. When, like Greece, the inevitable happens -- the failure of cradle-to-grave system collapses due to lack of funding -- those who have been made lazy by their dependency on government rise to protest because their meal ticket has disappeared; and the fear it creates for the future causes a violent reaction -- much like a child who cries when feeding time comes and mommy is not able to get the bottle, so the baby has to wait.

Is this the direction that Obama is taking our Nation? Absolutely. Is this what we want for our country? For the majority of Americans the answer is, “of course not;” which makes our stand for our freedom and the continuation of our free Republic in opposition to Obama’s move toward a Greek-style nanny state all the more important. We cannot rest in our protest and in our quest to take back our country lest, in few short years of continued Obamaism, we find our Nation bankrupt and our dependent populace violently protesting when the coffers become empty.