Obama's Pay-Go

"It is no coincidence that this rule was in place when we moved from record deficits to record surpluses in the 1990s -- and that when this rule was abandoned, we returned to record deficits that doubled the national debt," Obama today at the White House.
There is an often used leftist tactic that has scientific roots. It's a common sense law that states simply, 'correlation does not imply causation'. For example if I were to walk past a window and the window broke, some may claim my walking past caused the breakage. Often the assumption means that all the variants in the case may not have been considered. For instance another outside force such as a thrown rock may have caused the glass to fall from the sill.
Al Gore used this tactic in his movie, saying C02 rise causes increased warming, leaving out an important variant, 'The Sun'! It is the Sun that caused an increase in warming and C02.

So Obama wants you to think that Pay-Go is what caused budget surplus and that the absence of it caused record deficits. This does not take into account that in 1990 we were still benefiting from increased tax revenue caused by Reagan's tax cuts and the statement also ignores that in 1998 spending went back up because Congress found a loop hole in Pay-Go. They learned that since mandatory spending could be increased with legislation, all they needed was to redefine what was mandatory and attach the 'Emergency' tag to any legislation possible. Pay-Go was a joke and it acted only to increase entitlement spending and allow the government to freeze welfare programs and guard against any reduction in such spending.

So no one told you that Pay-Go not only fails to decrease spending but actually ads a floor to entitlement spending? Well, I am sorry to be the barer of bad news but these are facts. You see Obama wants you to think he is doing something noble and wise by tightening the reigns but he is actually stomping on the accelerator! Pay-go will insure that no matter what happens to the economy, welfare checks and entitlement programs will not reduce.... they will only grow larger. So what will Obama do to pay for this faster paced spending? He will raise taxes exponentially and create many new ones with regulation such as 'Cap and Trade'.

Obama is adding more to our deficit than every president since Washington combined! He is spending more than we can print and borrowing to federalize the private sector and fund massive bailouts! Add to this Obama's next objective, government owned and operated 'socialist' health care and you have a debt we can only pay for with our liberty and freedom!
No amount of taxes can pay for this recklessness! We will be drained of our livelihoods and like good serfs be forced to rely on Obama's wealth redistribution to feed our families!
Just SAY NO to Obama's Pay-Go!