April, 2011:

Those people who deal with facts and the real world -- and I proudly consider myself one of them -- face a continuing struggle against those people who deal in feelings and fantasies and who just make things up to please an eager, gullible constituency. First among such issues is the enormous financial hole which we have dug over the last decade, and particularly over the last two and a half years.

Senator Harry Reid has said that the social security system is in fine shape. International billionaire financier George Soros said that the U.S. can handle considerably more debt. And director, political activist, economist, community organizer, and all 'round very, very big guy Michael Moore has claimed that we're not broke; we have plenty of money.

I found a wonderful demonstration at www.declarationentertainment.com that shows how fraudulent this claim is. This essay is based on and uses some of a video there titled "Eat the Rich." Screenwriter, editor, and commentator Bill Whittle has done a great job of slapping some reality into Michael Moore's dangerous fantasy. Michael Moore has just made up stuff to foment class envy, an all-too-common technique employed by the left. There is a great lesson in this.

After you're done here, you should go to www.declarationentertainment.com and watch the full 9-minute video.

So... all that money is in the hands of "the banks and the portfolios of the uber-rich." Let's see. President Obama submitted a budget for fiscal year 2011 calling for the government to spend $3.7 trillion this year. Instead of borrowing from the Chinese, and just printing money, let's take it from the uber-rich. We're going to spend three-point-seven trillion dollars -- that's $10 billion a day for 365 days. Let's go get it!

First, let's take all of the 2010 profits -- 100% -- from the two most evil corporations, Exxon/Mobil and Walmart; every penny! Not just that phony taxable amount; let's take ALL of their ill-gotten profits. After all, they stole it from us. We'll take it back. That gets us $34 billion. That covers federal spending for less than four days.

Not enough, huh? OK, let's take all of the profits from the other 498 Fortune 500 corporations -- ALL the profits. That gets us $357 billion.

Let's see now... who else has stolen our money? Oh, yeah; Tiger Woods, Kobe Bryant and all the other filthy-rich athletes. Let's take all of the salaries of every player in the NFL, NBA, NHL, MLB, PGA, and the worst of the worst, those evil, redneck NASCAR drivers. Oh, and the money spent on advertising for all 45 Superbowls, too. Fourteen-point-four billion.

Not barely enough, huh? OK, we have to widen the net. Let's take all the income from the rich -- you know, Americans making over $250,000 a year. Every penny; all of it. One-point-four trillion dollars.

We're on a roll now. Next: STOP THE WARS! Iraq, Afghanistan... not one more penny. (The war in Libya; that's OK, though.) That saves us $264 billion.

Trashy motion pictures; we don't need no stinkin' movies. Let's take all the revenue from the motion picture industry for the year: $25 billion. And those rich snobs in Beverly Hills; let's evict them and sell their homes. That's our money, you know: $30 billion.

Now, the richest of the rich, Bill Gates and Warren Buffett. What if they were to both slip on a banana peel and drop over dead tomorrow. It's possible: $50 billion between them both. Oh, and the same for the other 398 billionaires in the U.S. Lots of banana peels: $650 billion. Nope; still not enough. Let's kill 'em all and take ALL their wealth, not just the phony 50% taxable. Oh, and the next hundred or so near-billionaires, too: $1,300 billion

No more foreign aid. That saves us $50 billion.

So close, yet so far. It's time for everyone else to pitch in. We need forty dollars from every man, woman and child in the America. Twelve-point-five billion. Finally... that covers it. That provides us with the $10 billion a day to cover President Obama's proposed spending. We did it!

We have taken the money from the banks and the portfolios of the uber-rich, and we have used that money to fund the government for one year. That will cover every social security payment, every welfare transfer, every poverty program, every Medicare and Medicaid payment, the FBI, CIA, and IRS, every school lunch, every federal pap smear and abortion, Planned Parenthood, every subsidy to the CPB, NPR, and PBS, the Head Start program, every federally-sponsored midnight basketball game, every bridge to nowhere every nap for every air traffic controller, every TSA patdown, every flight of Air Force One, every handout in every town, and every salary for every federal government employee... and even all the waste, fraud and abuse... for one year.

Now; here's the important part: what happens next?

The Last Word

OK, in summary, let's go to the table:

President Obama's proposed spending for 2011: $3,700,000,000,000.

Here is how we can "live within our means," to be able to spend $3.7 trillion. Here's how we can get the money:

That gets us to about $3.7 trillion.

Conclusion:

There are two important conclusions to draw from this:

1. Michael Moore is full of crap. We cannot take from the rich to pay for Obama's profligate spending. The money is just not there. Period.

2. If we try to take enormous amounts of money from those who produce the wealth in our country, we end up killing them; OK, maybe not literally. But by taking their wealth with a confiscatory tax rate, we destroy both the infrastructure which generates the revenue and the incentive for people and businesses to work harder, to be creative, to take risks, to generate revenue.

On the first point, the liberals would probably yield. They do not care about Michael Moore. But they will never understand the second conclusion. They believe that if we take more money from the rich (those earning more than $250,000 a year), they will not change their behavior; that is, they will be just as productive and generate as much revenue as they did before. This is simply not true. At a certain point, you destroy their incentive to produce. And after that, you destroy the entire system.

That is how Barack Obama intends for us to "live within our means."

Eat the rich.

Eat the rich; destroy the country.

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