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WHITE HOUSE OBFUSCATES A FUNDAMENTAL ECONOMIC TRUTH

We are in an existential fight for our freedoms…

(1)  The Founders anticipated a small federal government limited to preserving the inalienable rights of individuals, protecting the self-determination and freedoms of the individual states, providing a mechanism to resolve interstate issues, and providing those services which the states could not provide for themselves. They anticipated that those who governed would be citizen-politicians who performed their duty and would return to their civilian lives after a suitable term in office. They did not anticipate the rise of professional politicians who manipulated the resources of a nation to preserve their positions and generate substantial personal profits.

(2)  The most significant threats facing our nation are not external; they are internal and arise from:

(a)  a population that is growingly apathetic and willing to take the path of least resistance – lacking the motivation to look beyond that which is spoon-fed to them by a corrupt media;

(b)  a media that is willing to forego professional ethics in separating facts from corporate-crafted narratives for ratings and profit;

(c)  politicians willing to sell out their constituency, pandering to the special interests, including to hostile foreign powers, for personal or professional gain;

(d)  the acceptance of a false interpretation of our Constitution that empowers our enemies and disadvantages our nation;

(e)  a lazy Congress that no longer considers and crafts legislation, but produces “outlines” replete with vague referential terms and conditions provided by special interests – leaving the actual rulemaking to administrative bureaucrats in the various Executive Branch agencies;

(f)  a judiciary that willingly exceeds their mandate, usurping the sole law-making power of Congress to invent new rights out of whole cloth and falsely attribute their legitimacy to a tortured interpretation of the Constitution; and

(g)  a President, Joe Biden, who is mentally incapacitated and subject to the undue influence of his handlers.

An example that encapsulates all of the dangerous threats facing our nation…

A multi-trillion dollar spending bill targeted at Americans and is more about pandering to partisan special interests than serve “we the people.” To fund this bill, we find corrupt politicians demanding rich individuals and corporations pay their “fair share.” It is ironic because these same corrupt politicians write the legislation and loopholes that allow the rich to avoid, not evade, taxes—often using these very same provisions to protect and preserve their own fortunes. 

The bill panders to partisan voting blocks, promising a path to citizenship to illegal aliens, forgiveness and lax laws to criminals, unearned entitlements to the poor, and district-level payoffs to keep constituents in power. In the aggregate, redistributing wealth and power from producers to consumers for the sole purposes of maintaining their positions, generating personal profits, and ensuring their party’s continuing primacy of governance.

They lie to America’s face with impunity…

Reading White House Press Secretary Jen Psaki’s answers to questions on taxation reminds me of a quote attributable to Robert J. Hanlon, “never attribute to malice that which is adequately explained by stupidity.”  In this particular instance, it is the malice that drives the stupid's defense of the indefensible.

The “truth” – an irrefutable fact – is that corporations that are taxed either take measures to avoid taxes, like keeping assets abroad, or passing along those taxes to their customers in the price of goods and services, reducing salaries of employees,  or to their investors (including pension funds) in the form of reduced dividends and lower share prices due to reduced profits.

Here comes the White House Secretary, Jen Psaki, explaining to the public that it is “unfair and absurd” and “the American people would not stand for that,” concerning companies passing along the cost of taxes to consumers.

The fact that taxes on any company is passed along to others is a fundamental fact of economics. It is a cost like the cost of goods and the general and administrative costs that appear between gross revenue and the bottom line on a profit and loss statement.

Jen Psaki, professional liar, dissembler, and presidential shield… 

white-house

Press Briefing by Press Secretary Jen Psaki, September 27, 2021

Q  Good. I want to ask you about what Republicans are pointing to in the analysis from the Joint Committee on Taxation. They say, according to — if I’ve read the chart correctly, more than 16 percent of taxpayers would see their taxes increase under the bill that’s approved by the House Ways and Means Committee. Will the President sign that bill if — as if — it is coming out of that committee? Or will he insist on the changes so that he will maintain his commitment that taxes won’t go up on people making $400,000 a year?

MS. PSAKI: I have not looked at the document or the report that you have put out. Obviously, the President — or that you have referenced, I should say — that the Republicans put out.

Obviously, the President’s commitment remains not raising taxes for anyone making less than $400,000 a year. There are some — and I’m not sure if this is the case in this report — who argue that, in the past, companies have passed on these costs to consumers. I’m not sure if that’s the argument being made in this report. We feel that that’s unfair and absurd, and the American people would not stand for that.

But I will take a closer look at this report and get you a more substantive response.

[OCS: The proposed corporate tax increase is 23.81% (21% to 26%)]


[OCS: Even worse, when discussing the size of a $3.5 TRILLION spending bill]

MS. PSAKI: In terms of getting his — the agenda forward?

Well, I would say, one, it’s a hugely popular package. Each item in itself — that’s why I went through some of the specifics here — has broad support among the American public. But I would also say that if you talk to most Democrats who are in Congress, most certainly most Democrats in the country, there’s not disagreement about the fundamentals of what we’re trying to achieve. And there is agreement that we need to address the climate crisis; that we need to cut costs for childcare, for college; that we need to make it easier for women to rejoin the workforce; we need to rebuild and modernize our infrastructure. So, there’s not — there’s agreement on that.

There’s a basic discussion that needs to happen, or is ongoing — we’re right in the weeds of it now — on what the size of the package looks like.
But I will also note — and we’ve done this a little bit over the past couple days — but that this package — the reconciliation package would cost zero dollars.

[OCS: In what universe does any massive government package cost “zero dollars?”]
<Source>

Bottom line…

It appears that this nation, under the Democrats, from Lyndon Johnson to Joseph Biden, has been materially damaged and faces an existential threat.

The Democrats cannot be trusted with the safety and security of the United States. Their foreign and domestic policies have proven to be disasters – that can’t be blamed on former President Trump – that threaten our nation.  Even under President Trump, the “Democrat Resistance” thwarted Trump’s initiatives, which proved substantially beneficial to the country. The truth is, the Democrats must rail against Trump as their plans and policies are corrupt and more serve Communist China than U. S. citizens.

So many things are going wrong. You have to wonder if this level of chaos and dysfunction is deliberate in bringing about the chaos needed to drive people toward a bigger, more authoritarian government?

chaos = fear and dependency
stability and certainty  =  freedom and prosperity

pdj

If there is not a great awakening soon, we are totally screwed.

-- steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell