Obama Plays Fair Share Card

By Bobby Eberle Texas Insider Report: HOUSTON Texas  Barack Obama has stepped out of the shadows. He has more or less been absent from the scene while Republicans & Democrats  tried to hammer out the budget for the remainder of 2011. Now after spending at historic levels and exploding the deficit like no other president in history he suddenly has a plan. And guess what it involves? Thats right ... the rich paying more of their fair share.   Heres part of his early comments:

As a country that values fairness wealthier individuals have traditionally born a greater share of this burden than the middle class or those less fortunate. This is not because we begrudge those whove done well - we rightly celebrate their success. Rather it is a basic reflection of our belief that those who have benefitted most from our way of life can afford to give a bit more back.

I know its just an introductory passage but there are already problems with it and they should be pointed out so people can recognize just how liberals think. First we have the word benefitted as if somehow the person who started a company or created a new invention did so by something other than their own hard work and perseverance. They werent given gifts or benefits while others werent. They earned them. They tried. They succeeded. In addition theres the phrase give a bit more back. Wow... where to start? First lets look at ACTUAL giving back... who funds the charitable organizations? Who gives to the poor? The poor? No. Those with the funds to do so are the ones who give back. But paying taxes is not giving back. It is taking. It is the government taking from you and me to pay for all these crazy programs that it runs. After that passage the niceties end. Obama goes on to describe the ills of the Bush tax cuts. Dont forget these are tax rates that Obama himself supported just four months ago. Obama gives us this gem from his speech:

Worst of all this is a vision that says even though America cant afford to invest in education or clean energy; even though we cant afford to care for seniors and poor children we can somehow afford more than $1 trillion in new tax breaks for the wealthy. Think about it. In the last decade the average income of the bottom 90 of all working Americans actually declined. The top 1 saw their income rise by an average of more than a quarter of a million dollars each. And thats who needs to pay less taxes?

Lets think about this. Lets say Obama is right and that the top 1 did see their incomes rise. Well... they pay most of the taxes anyway and now they are making more money. Their tax bracket is the highest of all at 35. This means if they are making more then they are paying more to the government. And Obama thinks this is a bad thing? Obama also twists the rhetoric to confuse the American people. It is our job to make sure Americans know the facts. A decade ago the tax rates were lowered for ALL Americans. There was a debate just a few months ago and those rates were left unchanged. So now Obama is talking about a tax break or tax cut for the rich. NO ONE is talking about that. We are talking about keeping the rates as is... for all people. But Obama calls maintaining the tax rate for the middle class as protecting them but calls maintaining the tax rate for the top bracket as a tax cut. Obama used the word millionaire four times in his speech. He used the word billionaire three times. Yet the top tax bracket starts at $250000. As Grover Norquist points out this bracket is where two-thirds of small business profits reside. Tax them at a higher rate and lets see what that does to hiring and capital improvements. I think Vice President Joe Biden summed up Obamas speech the best. Here is what budget guru Rep. Paul Ryan had to say about the speech:

This line from Ryan says it all: Exploiting peoples emotions of fear envy and anxiety is not hope its not change its partisanship.

Obama has shown that he is incapable of leading. His budget speech correctly notes that entitlement programs soak up the majority of the budget. As is they will only soak up more with each passing year. Obama does not address this problem. He simply wants the rich to pay more taxes. So beware. Obamas speech was exactly how Ryan described it. Do we want a president who tries to rally support by making Americans jealous and envious of other Americans? What is a fair share anyway? Obama talks about it but never defines it. We all pay too much in taxes because we are trying to fund a government that spends too much. Obamas plan will only tax more and spend more but will not solve our fiscal problems. He leaves that to yet another commission. How about we demand our fair share of presidential leadership? Read more from Bobby Eberle & The Loft" by clicking here.