"How DARE you call my bluff?!?"
Posted on 07/16/2011 3:24:13 PM PDT by John Semmens
President Obama dismissed the idea that a poll showing 69% of voters opposed to raising the debt ceiling ought to have any impact on policy.
“What does the average person know about government finance?” the President wondered. “I’d say practically nothing. An individual’s experience with debt is vastly different from what the government faces. An individual must pay his debts out of his own income. The government has other options.”
“For one, the government can tax other people’s income to pay its debts,” Obama continued. “The government can also print money to pay for stuff. Individuals can’t do that.”
“Finally, we can always refuse to pay,” Obama contended. “The United States Government is the most powerful entity on Earth. Who is going to force us to pay if we decide we don’t want to pay? No court would dare authorize a creditor to seize government property for any unpaid federal debt.”
“So, with all due respect, voters need to tend to their own affairs and leave the job of governing to those they elected to rule them,” the President advised.
In related news, President Obama asserted that 80% of the population wants taxes to be raised. To support this assertion the President cited a recent Gallup Poll in which 80% of the respondents indicated that they would prefer someone else’s taxes to be increased if the alternative was total economic collapse.
read more...
http://azconserv1.wordpress.com/2011/07/15/mcconnell%e2%80%99s-proposal-to-cede-debt-authority-to-president-gaining-traction/
He just doesn’t get it..
"How DARE you call my bluff?!?"
I’m talking about those that don’t pay Federal Income Taxes. One cannot avoid paying any taxes, assuming they buy stuff even with federal or state handout funds. My understand is that the percentage - the percentage that do not pay Federal Income Taxes is 50%.
As for food stamp, welfare, etc. - most people would rather work and those that do hopefully will vote Republican.
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