This is the transcript of Obama's Saturday Morning Address - I've corrected Obama's lies and pointed out some facts he conveniently likes to forget.
Over the last few months, I’ve been talking about a choice we face as a country. We can either settle for an economy where a few people do really well and everyone else struggles to get by, or we can build an economy where hard work pays off again – where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same rules. That’s up to us.
Fact) Hard Work does not pay off. Obama wants to take money from those who are successful.
Obama and the Govt reward being reckless or mismanaging a company or your fiances by bailing failing companies, banks, and people out while those that manage to work hard and make their payments on time get nothing. Those who work hard and have created job and help the economy by spending money get penalized and demonized by Obama.
Today, I want to talk to you about the idea that everyone in this country should do their fair share.
Fact) The top 1% pay 38% of income tax, the top 10% pay 70%, the bottom 50% pay less than 2.7%. Who’s not paying their fair share?
Now, if this were a perfect world, we’d have unlimited resources. No one would ever have to pay any taxes, and we could spend as much as we wanted. But we live in the real world. We don’t have unlimited resources. We have a deficit (deficits that he continues to drive up!) that needs to be paid down.
Fact) The defict grew in 3 years and 2 months under Obama more than it did in 8 years under Bush.
Fact) He broke his promise to cut the deficit in half during his first term.
And we also have to pay for investments that will help our economy grow and keep our country safe: education, research and technology, a strong military, and retirement programs like Medicare and Social Security.
Fact) Obama lost billions of taxpayer dollars by "investing" in energy alternatives that his crony friends ran. Ener1, Solyndra, to name a few.
Fact) Education -Granted waivers to 10 states that failed to meet education standards if they accepted administration-approved policies Half of America's schools failed federal standards in 2011. If you haven't seen the movie Waiting For Superman, I suggest you watch it. If you don't want to watch it, please read this review. If you don't feel like reading any of it, let Obama's actions speak thru his words: He sends his daughters to one of the most expensive private schools. Why does he do that? Because he knows public education schools are failing. Despite the high amount of money that Govt continues to dump into it - mainly into teacher's unions. Education in the Obama White House is about keeping teacher's happy, not about educating our children.
Fact) Research and Technology - (see the Solyndra link above) as well as this list of Obama's crony capitalist friends
That means we have to make choices. When it comes to paying down the deficit and investing in our future, should we ask middle-class Americans to pay even more at a time when their budgets are already stretched to the breaking point? (Obama promised not to raise the taxes on middle class Americans making less than 250,000 - but he did.) Or should we ask some of the wealthiest Americans to pay their fair share?
That’s the choice. Over the last decade, we’ve spent hundreds of billions of dollars on what was supposed to be a temporary tax cut for the wealthiest two percent of Americans. Now we’re scheduled to spend almost a trillion more. Today, the wealthiest Americans are paying taxes at one of the lowest rates in 50 years. Warren Buffett is paying a lower rate than his secretary. (Because Buffett doesn't pay himself a salary and makes his money manipulating Capital Gains and his stocks) Meanwhile, over the last 30 years, the tax rates for middle class families have barely budged.
That’s not fair. It doesn’t make any sense. Do we want to keep giving tax breaks to the wealthiest Americans like me, or Warren Buffett, (Warren Buffet owes 1 billion dollars in back taxes) or Bill Gates – people who don’t need them and never asked for them? Or do we want to keep investing in things that will grow our economy and keep us secure (No, not when Obama is investing in these projects that have all gone bankrupt and instead of approving the XL Pipeline and approving more drilling requests which would not only increase our oil but create job growth NOW) Because we can’t afford to do both. (Meaning, he'd rather risk losing more taxpayer money and penalizing successful people for his repeated bad "luck" at the roulette wheel of energy.)
Fact) Obama (and the Democrats) had the chance to repeal the Bush tax cuts for high earners, but he SIGNED a bill to extend them (a bill that some Republicans and Independents didn't want extended!)
Now, some people call this class warfare. But I think asking a billionaire to pay at least the same tax rate as his secretary is just common sense. We don’t envy success in this country. We aspire to it. (why aspire to success when the bailouts and handouts go to the lazy and reckless? Why aspire to success when those hard workers are then punished and their success is given to away?) But we also believe that anyone who does well for themselves should do their fair share in return, so that more people have the opportunity to get ahead – not just a few.
Fact) Who is to decide what "fair share" means. The Govt? So perhaps the Govt will decide that to make school more "fair" - those kids who study and get A's - should have to share their grade with those who are not as smart or who don't work as hard. What is to stop the Govt from saying, "It's not fair that people should have 2 cars while other's have none." - and then anyone who has 2 cars must donate to those who have none.
That’s the America I believe in. And in the next few weeks, Members of Congress will get a chance to show you where they stand. Congress is going to vote on what’s called the Buffett Rule: If you make more than $1 million a year, you should pay at least the same percentage of your income in taxes as middle class families do.
FACT) This year those earning over $1 million will pay, on average, 29.1 percent on federal taxes. Those earning between $50,000 and $75,000 will pay 15 percent. Do the math, people.
On the other hand, if you make under $250,000 a year – like 98 percent of American families do – your taxes shouldn’t go up. You’re the ones struggling with the rising cost of everything from college tuition to groceries (why is everything so expensive? Oh, maybe because gas is so high! Maybe because Obama keeps raising taxes on those who create jobs - from the small business owner to the large corporations. Maybe because Obama threatened the country with Obamacare - and employers were afraid to hire because they couldn't afford to pay for healthcare as mandated.) You’re the ones who deserve a break. (Our break will come when Obama is no longer President.)
So every Member of Congress is going to go on record. And if they vote to keep giving tax breaks to people like me – tax breaks our country can’t afford – then they’re going to have to explain to you where that money comes from. Either it’s going to add to our deficit, or it’s going to come out of your pocket. Seniors will have to pay more for their Medicare benefits. Students will see their interest rates go up at a time when they can’t afford it. Families who are scraping by will have to do more because the richest Americans are doing less. (And the rich - the employers - the successful will have no incentive to do more if you, Obama continue to punish their success and take away from them - and then who will you come after? The middle class?)
That’s not right. That’s not who we are. In America, our story has never been about what we can do by ourselves – it’s about what we can do together.
FACT)- WOW - sorry Obama, your love of socialism is showing. America's story has always been about what we can do as individuals - WITHOUT the interference of Government. What the individual can do to help himself and his neighbor. Not what about the Govt decides is fair, who should win, who should lose. That is WHY the American Revolution occurred - it was about GAINING INDEPENDENCE you complete, utter MORON. America was built on Individualism! The people who built this country revolted against Big Govt and high taxes. America was built by hard work, minimal government, freedom and liberty. Is is about what WE THE PEOPLE can do together, for ourselves, for each other, not what the GOVT says we should do. Not what YOU say what we should do.
It’s about believing in our future and the future of this country. So tell your Members of Congress to do the right thing. Call them up, write them a letter, pay them a visit, and tell them to stop giving tax breaks to people who don’t need them and start investing in the things that will help our economy grow and put people back to work (great advice Obama - why don't you invest in granting more drilling permits, why don't you pass the XL Pipeline? Why did you put more restriction on coal plants - thus costing jobs and increasing energy costs of Americans yet again?)
That’s how we’ll make this country a little fairer, a little more just and a whole lot stronger. Thank you.
FACT) Just as in justice? Like, Allowing weapons to pass into the hands of Mexican drug cartels which were later linked to deaths of American border patrol agents? And then allowing Eric Holder to keep his job? Just as in justice - like killing of an American overseas without due process and authorizing the assassination of US citizens abroad, an unprecedented declaration of executive power AND yet Eric Holder wants to bring charges against CIA officers who were involved in using coercive, or enhanced, interrogation techniques on al-Qaida detainees like Khalid Sheikh Mohammed, the planner of the 9/11 attacks.
We the people Thank You, Obama for your complete lack of respect and understanding of the Constitution is becoming more abundantly clear with each passing day. You are waking up sleeping lions - lions who will ferociously fight to keep freedom alive.
