The Daily Jot
Daily reporting and analysis of current events from a biblical and prophetic perspective.
Thursday, April 14, 2011
Sad day: When fiscal responsibility means changing the social compact with America
The Wall Street Journal characterized the president's speech on the budget by writing, "The speech he chose to deliver was dishonest even by modern political standards." WSJ points out the president used "blistering partisanship and multiple distortions" to "inoculate the White House from criticism that it is not serious about the fiscal crisis." The article points out that the president blamed the record budget deficits and national debt on others rather than taking responsibility for his own part, which was greater than any of the previous presidents. WSJ said that the president characterized opposing plans as un-American because Republicans are about "changing the basic social compact in America."
He never directly called for a tax increase, but reframed it in code. Now tax increases are called "spending reductions in the tax code." He said his plan "calls for tax reform to cut about $1 trillion in tax expenditures -- spending in the tax code." This means that he expects to increase taxes by a trillion dollars. He continued his class warfare theme. He said that he wants to eliminate tax deductions for the wealthiest two percent of Americans. Trouble is, he also wants to eliminate the home mortgage tax deduction, which impacts every home owner, smashing the American dream of property ownership. The centerpiece of the Communist Manifesto is for government to abolish property ownership.
He used the same worn out mantra of the Democratic playbook--terrorize the seniors by saying the big bad Republicans are going to cut your medicare and social security. But at the same time, he said "if we don't make any changes at all, we won't be able to keep our commitment to a retiring generation...." He mentioned that Ronald Reagan and Tip O'Neill "came together to save Social Security for future generations." I remember that. I was working then on Capitol Hill. There was an agreement that neither party would criticize the other in the announcement of their bipartisan decision. The first thing the Democrats did was say that Republicans wanted further cuts in social security.
The president's speech was tantamount to someone who was robbing your house. You caught him in the act and held him until the police came. He then sued you for physical and mental damages. This government is robbing you of your freedom to pursue happiness, even to own a home. Many will say that it is God's judgement on us for becoming such a sinful society. And that by encouraging others to take action against this socialist Leviathan is getting in the way of God's plan. Who am I that I can undermine the plan of the Almighty? Psalm 107:1,2 says the Lord's "mercy endures forever. Let the redeemed of the Lord say so, whom he has redeemed from the hand of the enemy." Let us repent, arise, and respond.
Have a Blessed and Powerful Day!
Word of Life Ministry