[kitchencabinetforum] OBAMALORE AND OBAMA'S BUDGET

Patrick Knudsen points out Obama's budget submitted Monday all too predictably repeats the stale and unsuccessful policies of the past three years. The Administration has tapped all its resources and can only recycle the President's shopworn "vision": bigger government, more spending, higher taxes, and deeper deficits. At a time when runaway spending and swelling deficits must be reversed, he worsens both immediately but, as usual, promises to fix them later. In his first post-debt-ceiling fiscal plan — delayed a week, with no explanation — the President appears to have offered an election-year campaign document, not a credible blueprint for addressing the nation's fiscal and economic problems. http://venitism.blogspot.com

Venitis Law of Democracy: Every democracy is eventually hijacked by rabblerousers, pullpeddlers, clans of kleptocrats, bumptious bugaboos, busybodies, butterbabies, nabobs of nepotism, cranks of cronyism, pusillanimous pussyfooters, riffraffs of rascals, socialist sophists, and Machiavellian mafiosi. Democracy tends to kleptocracy. Anarchy should replace democracy.

Knudsen notes spending in the President's budget rises inexorably from today's $3.8 trillion to $5.8 trillion in 2022. Throughout the decade, outlays hold stubbornly above 22 percent of gross domestic product (GDP), more than twice the New Deal's share of the economy in its peak years. In constant dollars, outlays are more than three times the peak of World War II.

Atlas upon seeing that the greater his effort, the heavier the world bores down on his shoulders, he simply shrugs. We have a dystopian Occident, where capitalists refuse to be exploited by increasing taxation and regulations and disappear offshore. Yes, capitalists are on strike! They are stopping the motor of the world by withdrawing their minds that drive growth and productivity. Capitalists demonstrate that a world in which the individual is not free to create is doomed, civilization cannot exist where capitalists are slaves of kleptocrats, and the destruction of the profit motive leads to the collapse of society. Atlas shrugged!

This sensitive issue cannot be fully explained in a post, but only in a speech, in that magic eyeball to eyeball contact, baring my soul, and declaring truths that cause shock and awe. That's why I look forward to the invitation of your organization to speak at your conference. Basil Venitis, venitis@gmail.com

In 2012, his budget results deliver a fourth consecutive annual deficit exceeding $1 trillion and then make it worse with another round of not-so-shovel-ready construction projects and government "investments" totaling $178 billion. Among these are the typical road, bridge, and school construction, but then they go alarmingly beyond the usual "infrastructure" arguments to fund teachers' pay.

Knudsen says Obama's future deficit reduction comes mainly from Budget Control Act cuts already in place, $848 billion in discredited phantom "savings" from the wind-down of operations in Iraq and Afghanistan, taking credit for reductions in 2011 appropriations, and roughly $1.8 trillion in unnecessary tax increases on those earning above $250,000 and the oil and gas industry.

Venitis Law of Black Hole: Taxation is armed robbery that feeds the black hole of political corruption; it's the perfect index of corruption and tyranny. Only evil governments tax citizens and companies. http://venitism.blogspot.com

Yet even with the hefty tax increases and illusory savings, the President's deficits over the next decade never fall below $575 billion (in 2018) and climb back to $704 billion (in 2022)—but again only assuming the tax increases and mystical savings cited above.

When an economy suffers from erectile dysfunction, via-grab does not work, but only via-cut. The via recommended is to cut taxes, not grab more taxes. There are limits to how much government can tax before it kills the host. Even worse,
when government attempts to subsidize prices, it has the net effect of inflating
them instead. The economic reality is that you cannot distort natural market
pressures without unintended consequences. Market forces would drive prices
down. Government meddling negates these pressures, adds regulatory compliance
costs and layers of bureaucracy, and in the end, drives prices up.

Smart words are more effective than smart bombs! Mighty words of a charismatic keynote speaker can transform your people to a new dimension of organizational climate, efficiency, self-actualization, enthusiasm, belonging, and motivation. I would like very much to speak at your conference in order to explain the issue raised in this post much further. Basil Venitis, venitis@gmail.com

Debt held by the public in the President's budget rises from 74.2 percent of GDP today to an economically hazardous 76.5 percent of GDP in 2022. These are historically high debt levels: the post–World War II average is just 43 percent. Moreover, the President's debt estimates are low because of the unreal nature of much of his proposed deficit reduction.