The ambitious Marxist-fascist agenda of Comrade President Obama has finally hit the wall of reality, the buck has finally stopped here!

The country is tapped out of TAX REVENUE!

Obama has single handedly driven the economy into the brink of failure by his socialist government expansion/nanny state!  We reported last years April tax receipts were 30% less of prior years, now America has fallen farther down to depression levels of tax receipts.

Will this reality stop the growth of government under Marxist Obama?  Not when ideology comes first, the American people second.  How can a congress and President so hell bent on nationalization of the private sector be stopped in their tracks?

NO MORE MONEY!

But don’t think for a minute that this impediment to government control will stop the fascists whose reality is state power over mass segments of the population, that jewel is within their reach.  They may well never be in full control of the US government again, to hell with the taxpayer its full speed spending ahead!

The loss of tax revenue was anticipated, what is truly unclear is how Americans will react when its leaders faced with zero tax revenue to support massive government expansion continue that expansion of tyranny in the interests of the State rather than on behalf of the people who elected them.

The problem is Marxist-fascists are giving the people what they think they want, rather than giving them what they need, free market employment, so they can make their own choices with their money!

Civil unrest is growing, the taxpayers against tyranny are called extremists by the Marxist-fascists!

AP ENTERPRISE: Federal tax revenues plummeting

By STEPHEN OHLEMACHER, Associated Press

WASHINGTON – The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation’s plate and struggling to find money to pay the tab.

The numbers could hardly be more stark: Tax receipts are on pace to drop 18 percent this year, the biggest single-year decline since the Great Depression, while the federal deficit balloons to a record $1.8 trillion.

Other figures in an Associated Press analysis underscore the recession’s impact: Individual income tax receipts are down 22 percent from a year ago. Corporate income taxes are down 57 percent. Social Security tax receipts could drop for only the second time since 1940, and Medicare taxes are on pace to drop for only the third time ever.

The last time the government’s revenues were this bleak, the year was 1932 in the midst of the Depression.

“Our tax system is already inadequate to support the promises our government has made,” said Eugene Steuerle, a former Treasury Department official in the Reagan administration who is now vice president of the Peter G. Peterson Foundation.

“This just adds to the problem.”

While much of Washington is focused on how to pay for new programs such as overhauling health care – at a cost of $1 trillion over the next decade – existing programs are feeling the pinch, too.

Social Security is in danger of running out of money earlier than the government projected just a few month ago. Highway, mass transit and airport projects are at risk because fuel and industry taxes are declining.

The national debt already exceeds $11 trillion. And bills just completed by the House would boost domestic agencies’ spending by 11 percent in 2010 and military spending by 4 percent.

For this report, the AP analyzed annual tax receipts dating back to the inception of the federal income tax in 1913. Tax receipts for the 2009 budget year were available through June. They were compared to the same period last year. The budget year runs from October to September, meaning there will be three more months of receipts this year.

Is there a way out of the financial mess?

A key factor is the economy’s health. The future of current programs – not to mention the new ones Obama is proposing – will depend largely on how fast the economy recovers from the recession, said William Gale, co-director of the Tax Policy Center.

“The numbers for 2009 are striking, head-snapping. But what really matters is what happens next,” said Gale, who previously taught economics at UCLA and was an adviser to President George H. W. Bush’s Council of Economic Advisers.

“If it’s just one year, then it’s a remarkable thing, but it’s totally manageable. If the economy doesn’t recover soon, it doesn’t matter what your social, economic and political agenda is. There’s not going to be any revenue to pay for it.”

A small part of the drop in tax receipts can be attributed to new tax credits for individuals and corporations enacted in February as part of the $787 billion economic stimulus package. The sheer magnitude of the tax decline, however, points to the deep recession that is reducing incomes, wiping out corporate profits and straining government programs.

Social Security tax receipts are down less than a percentage point from last year, but in May the government had been projecting a slight increase. At the time, the government’s best estimate was that Social Security would start to pay out more money than it receives in taxes in 2016, and that the fund would be depleted in 2037 unless changes are enacted.

Some experts think the sour economy has made those numbers outdated.

“You could easily move that number up three or four years, then you’re talking about 2013, and that’s not very far off,” said Kent Smetters, associate professor of insurance and risk management at the University of Pennsylvania.

In 1995 the elected leaders in the House of Representatives balanced the budget for four consecutive years while lowering taxes, increasing defense spending and increasing spending on intelligence spending.  What was discovered by this process was that by cutting taxes economic growth occurred through increased revenues that assisted with balancing the budget.  Priorities were set to increase spending in key areas while reducing it in nonessential areas.  Additionally, they eliminated pork barrel spending all together for that four year period.

Consider the priorities of the Obama Administration 9000 pork barrel projects in the $3.7 trillion dollar 2009-10 budget.  Massive entitlement spending and government public works projects and at the same time increasing taxes.  The  result of higher taxes and an economy in recession is a decrease in Federal Government revenue.  This is exactly what is happening today due to the poor choices of the American people in selection of representatives to Washington that are concerned with socialist ideals instead of the long term economic well being of the American people.

IRS Tax Revenue Falls Along with Taxpayers’ Income

By John Waggoner, USA TODAY, Federal tax revenue plunged $138 billion, or 34%, in April vs. a year ago – the biggest April drop since 1981, a study released Tuesday by the American Institute for Economic Research says.

When the economy slumps, so does tax revenue, and this recession has been no different, says Kerry Lynch, senior fellow at the AIER and author of the study. “It illustrates how severe the recession has been.”

For example, 6 million people lost jobs in the 12 months ended in April – and that means far fewer dollars from income taxes. Income tax revenue dropped 44% from a year ago.  “These are staggering numbers,” Lynch says. Big revenue losses mean that the U.S. budget deficit may be larger than predicted this year and in future years.

“It’s one of the drivers of the ongoing expansion of the federal budget deficit,” says John Lonski, chief economist for Moody’s Investors Service. The Congressional Budget Office projects a $1.7 trillion budget deficit for fiscal year 2009.

The other deficit driver is government spending, which, the AIER’s report says, is the main culprit for the federal budget deficit.

The White House thinks that tax revenue will increase in 2011, thanks in part to the stimulus package, says the report from AIER, an independent economic research institute. But it warns, “Even if that does happen, the administration also projects that government spending will be so much higher each year that large deficits will continue, and the national debt held by the public will double over the next 10 years.”

The government may have a hard time trimming spending to reduce the deficit when the recession ends. The 77 million Baby Boomers- those born in 1946 through 1964 – will start tapping their federal retirement benefits soon, which means increased government outlays for Social Security and Medicare.

“It will be doubly difficult for federal government to reduce expenditures and narrow the deficit as rapidly as they did following previous recessions,” Lonski says. At the end of the last major recession, in 1981, Boomers were in their 30s. Their incomes were expanding, as was their appetite for goods and services.

The Boomers now are in their 50s and 60s and unlikely to keep increasing incomes for long, which means that revenue from income taxes could flatten in the next few years. Also, Lonski says, they are more likely to save for retirement than spend – and consumer spending is a big driver of the economy.

“The American consumer led us out of previous recessions with some semblance of gusto,” Lonski says. “They’re too old to do it now.”

Actually, they are now taxed to death and their ancestors are faced with deficits that are not a government priority to resolve but an ideological attempt by the totalitarian administration now in power to enslave the public with debt so that they will be subservient to their over lords and elected liberal party masters.  With less revenue government must borrow and create more debt to fund its Marxist-fascist ideology eliminating freedom, liberty and the American way of life as we have known it.

Richard Fisher, president of the Dallas Federal Reserve Bank, an outspoken free-marketer and believer in the Schumpeterian process of “creative destruction”, has been running a fervent campaign to alert Americans to the “very big hole” in unfunded pension and health-care liabilities built up by a careless political class over the years. “We at the Dallas Fed believe the total is over $99 trillion,” he said in February.”This situation is of your own creation. When you berate your representatives or senators or presidents for the mess we are in, you are really berating yourself. You elect them,” he said.

Soon Government will not be collecting sufficient taxes from constituents.  As shown by California’s Legislature government cannot cut its social programs that have created a sea of red ink on its balance sheet.  Now that prosperous times are over the liberal progressives in control of government cannot bear to cut the pork from their precious welfare and environment entitlement programs.  The California taxpayers in a liberal state cannot take any more taxation, they have proven they are mad as hell and are watching their representative’s actions for the necessary spending cuts to non-essential programs.

Liberal progressive priorities are out of touch with common sense as the California’s Governor is calling for borrowing from property tax revenue from cities and counties.  The only cuts discussed are from schools, letting prisoners out early, and cuts in police and fire.  Were governments to attack the massive inefficiency due to absurd labor contracts there may be a start to reform.  For example, state workers at prisons who are “boiler engineers” will not sweep the floor, screw in a light bulb, or do anything that is not in their job description.  If a bolt needs tightening in another department it will not be fixed by a boiler engineer, he will sit at his desk with his feet up and say “not my job!”

Comrade President Obama has ensured labor a seat at the head of the government table with a redefining of contracts where government can subjugate the law to its own power demands.  Governments process of corporate debt restructuring and recent interventions in such restructurings as Chrysler and GM is leading to market concerns that rights of senior creditors such as bondholders are being undermined by preferential treatment of junior creditors  union pension liabilities as junior lien holders are now in senior positions.

The US government is about to lose its triple A bond rating due the disastrous financial shape it has created by debt creation and California has been downgraded my Moody’s such that it cannot even get a loan without guarantees by the Federal Government.  This will do nothing to assist the Federal government’s bond rating and no matter what the Washington politicians say Moody’s analysis will be a ringing bell above the eloquent tongue flapping of Obama.  The US government is now following the State of California because of politicians that will not cut spending but rely on tax increases so that government can survive and politicians can stay in power.

The liberal progressives in power on the state and federal levels will not cut spending.  They have been paid by special interests for years to create these programs in the first place.  The lobbying to keep programs over cutting programs will be extremely intense but will not follow the rule of common sense but of special interest money. The need to find the easy way out via taxation and borrowing that has been the hallmark of government will continue until the population faced with abject tyranny revolts at the voting booth.  As California looks to pilfer revenues from Cities and Counties as Stated by Governor Schwarzenegger, so will the Federal Government steal from the States.

The CBO estimates that US public debt to GDP ratio will rise from 40% to 80%, or about $9 trillion dollars. Should long term rates increase to 5%, the resulting increase in the interest rate bill alone would be about $450 billion or 3% of GDP. This can only be offset by an increase in taxes or cutting government spending or theft of dollars collected by the Federal Government that are then returned to states via programs like Medicare and Medicaid.

To prevent an unsustainable Maddof scheme like the Federal Government is now pulling off by massive increases to the stock of public debt as a share of GDP the debt bubble will soon burst. The burden of trillions of dollars of high debt levels will soon only be financed by default, a capital levy on the wealthy, the use of inflation to wipe out the real value of money, more public debt, and an increase in taxes at all levels of society.  Although it may be possible for government to reduce spending and cut programs this is a sacred cow that cannot be slaughtered unless it is for military spending.

This year the federal government will spend 50 cents for every dollar from borrowed money, the other half will come from taxes.  America already in a recession comparable to the Great Depression will try to spend its way to prosperity by using a new totalitarian fascist  model on its people for the first time since FDR’s presidency.

Americans are only hearing a liberal message that does not explain both sides of the issue with a idealistic concept that “government is here to help you!”  The naive and uninformed headline reading public who have forgotten what independence and liberty are find themselves numbed into following leaders rather that questioning authority.

The federal government, elected and unelected bureaucrats are consuming more and more governing authority of states and localities, leaving them beholding to a massive authority that must borrow the funds to impose its complete will upon its subjects.

This is being done in complete contradiction to the constitution, and after losing case after case at the supreme court level states and local governments and the people they govern have resigned themselves to federal encroachment in their lives.

Economic slavery is now being forced upon Americans, and these once free and independent people are willingly submitting to government edicts as the Jews submitted to the Nazis walking unchallenged into genocide.

As you read the following article by Andrew Taylor, Associated Press the only objection to the full economic take over of a states economy by the Presidents budget is coming from States that will not allow their industries and resources to be stopped by new federal regulations to impose taxation for Social-Totalitarian spending programs.

It appears that economic slavery is a contentious issue among liberal progressives when it hits their pocket books, and when the public they serve are at risk by the federal government, but will they have enough authority to stop the largest private property grab by government in Americas history?

These same elected officials now battling to save their states from economic slavery have voted to empower the same government they are fighting with the ability to create $7.1 trillion in annual deficits over 2010-2019 with optimistic economic forecasts.  The liberal progressive democrats controlling congress may battle to save a few of the electorate interests in their states but they have allowed a financial damage of massive debt to shackle their subjects like slaves to the will of the federal government.

It is the issue of economic slavery between the states and the federal government that will define the length of  oppression by a new American totalitarian government just as it did following the civil war with the abolishment of slavery and the thirteenth amendment to the constitution.

The republicans in this debate are not sidelined but the awakening of senators and congressmen to the federal threat to freedom from economic slavery by its federal government is now more apparent than ever.  How ironic that the battle for economic freedom will be waged liberals in government.

As slavery was originally enforced by the states then taken away by an amendment to the constitution, so should now the sovereign states lead the way for a new amendment to the constitution limiting the ability of the Federal Government to economically enslave the population by creating massive amounts debt.

White House: Budget deficit to top $1.8 trillion

White House: Budget deficit to top $1.8 trillion, 4 times 2008′s record,Andrew Taylor, Associated Press Writer, On Monday May 11, 2009, 10:31 am EDT

WASHINGTON (AP) — With the economy performing worse than hoped, revised White House figures point to deepening budget deficits, with the government borrowing almost 50 cents for every dollar it spends this year.

The deficit for the current budget year will rise by $89 billion to above $1.8 trillion — about four times the record set just last year. The unprecedented red ink flows from the deep recession, the Wall Street bailout, the cost of President Barack Obama’s economic stimulus bill, as well as a structural imbalance between what the government spends and what it takes in.

As the economy performs worse than expected, the deficit for the 2010 budget year beginning in October will worsen by $87 billion to $1.3 trillion, the White House says. The deterioration reflects lower tax revenues and higher costs for bank failures, unemployment benefits and food stamps.

For the current year, the government would borrow 46 cents for every dollar it takes to run the government under the administration’s plan. In one of the few positive signs, the actual 2009 deficit is likely to be $250 billion less than predicted because Congress is unlikely to provide another $250 billion in financial bailout money.

The developments come as the White House completes the official release of its $3.6 trillion budget for 2010, adding detail to some of its tax proposals and ideas for producing health care savings. The White House budget is a recommendation to Congress that represents Obama’s fiscal and policy vision for the next decade.

Annual deficits would never dip below $500 billion and would total $7.1 trillion over 2010-2019. Even those dismal figures rely on economic projections that are significantly more optimistic — just a 1.2 percent decline in gross domestic product this year and a 3.2 percent growth rate for 2010 — than those forecast by private sector economists and the Congressional Budget Office.

For the most part, Obama’s updated budget tracks the 134-page outline he submitted to lawmakers in February. His budget remains a bold but contentious document that proposes higher taxes for the wealthy, a hotly contested effort to combat global warming and the first steps toward guaranteed health care for all.

Obama’s Democratic allies controlling Congress have already made it clear that they will reject key elements of his plan. Already apparently dead is a plan to raise $267 billion over the next decade to pay for his health care initiative by curbing the ability of wealthier people to reduce their tax bills through deductions for mortgage interest, charitable contributions and state and local taxes.

And the congressional budget plan approved last month would not extend Obama’s signature $400 tax credit for most workers — $800 for couples — after it expires at the end of next year.

Obama’s remarkably controversial “cap-and-trade” proposal to curb heat-trapping greenhouse gas emissions is also reeling from opposition from Capitol Hill Democrats from coal-producing regions and states with concentrations of heavy industry. Under cap-and-trade, the government would auction permits to emit heat-trapping gases, with the costs being passed on to consumers via higher gasoline and electric bills.

Among the new proposals is a plan — already on its way through Congress — that would increase the Federal Deposit Insurance Corporation’s borrowing authority from $30 billion to $100 billion in order to grant a two-year reprieve from higher deposit insurance premiums while the industry is struggling.

Also new are several tax “loophole” closures and increased IRS tax compliance efforts to raise $58 billion over the next decade to help finance Obama’s health care measure. The money makes up for revenue losses stemming from lower-than-hoped estimates of his proposal to limit wealthier people’s ability to maximize their itemized deductions.

The updated budget also would repeal an unintended tax windfall taken by paper companies that use a byproduct in the paper-making process as fuel to power their mills. The tax credits were never intended for paper companies, but now they could be worth more than $3 billion a year, according to a congressional estimate.

The budget would make permanent the expanded $2,500 tax credit for college expenses that was provided for two years in the just-passed economic stimulus bill. It also would renew most of the Bush tax cuts enacted in 2001 and 2003, and would permanently update the alternative minimum tax so that it would hit fewer middle- to upper-income taxpayers.

In a few months, the affect of the Obama, Geithner, Bernanke and Liberal Congress will explode on the economy.  Inflation will take off this summer and there will be nothing anyone can do to that will stop the worthlessness of the dollar or the rise in unemployment.  America’s money supply of inflated dollars will loses its purchasing power both at home and abroad. We will see a collapse in the value of the dollar that will wipe out the wealth of all Americans.  At the same time unemployment will rise beyond Great Depression highs, as an insatiable government sucks dry the private sector and those who once made a living in the free market.

Why?

America has a $11 trillion national debt and approximately $80 trillion in unfunded liabilities for bailouts, stimulus, social security, medicare and other social programs. Not to mention the $850 billion in new unfunded health care expenses or the $346 billion annual cost of giving social security, medical and all the educational support for 10% of our illegal immigrant population that is too lazy to learn English.

At a time when Americans are out of work President Obama will sign the new immigration bill that will put undocumented foreign workers in direct competition for legitimate American jobs.

America has an annual GDP of nearly $14 trillion, with 70% of that figure being consumer spending. People are uncertain of all the changes to the economy by the Obama administration so they are saving to protect them from the coming depression.

Recently the Federal Reserve expended $1 trillion to its member banks with a few keystrokes of a computer by Fed Chair Bernanke.  When the Federal Reserve expands the money supply, it is creating money out of thin air. As creditor nations that hold US debt find that the value of the US dollar is dropping the faith and confidence in the dollar and US Treasuries will create the need to find another more stable currency.  As this collapse happens it will cost more to run government, business and purchase the products we need to survive.

President Obama agreed at the G-20 summit to follow the international “high standards” for the regulation of all “systemically important” companies to be promulgated by the new global Financial Stability Board (FSB). The United States, through President Obama’s desire to be liked, will go along with whatever the FSB proposes.  Then the U.S. government will impose international rules on our economy.

So with new tax code changes being proposed by President Obama, Europe about to formulate socialist regulations to be imposed on our economy, the U.S. government taking over any large company they desire, the deficit and spending reaching unheard of levels and government control of banks and interest rates, how can any businessman in his right mind decide to invest in an uncertain economy with the added disincentive of higher taxation?

President Obama will not waste this economic disaster, knowing that Americans trust his judgment; he intends to turn America into a nation dependent on government.  He knows his budget will not improve the economy but he wants these changes, so that his legacy to America becomes a Marxist-fascist social order that will keep liberals in office by its dependence on government. He and his comrades are using the economic crisis as his justification for a subversive change contrary to the constitution.  As has been written here before, this Black President will enslave the American people.

A fitting retribution for a population that has forgotten why our forefathers signed the declaration of independence, which they knew by putting their signature to that document, they would be signing their own death warrant should King George defeat the American freedom movement.  Today and on April 15, 2009 many Americans are participating in a symbolic protest of unfair government taxation by throwing tea bags in bodies of water across America.

Almost fifty percent of Americans do not understand how precious liberty is to life.  They feel that liberty is given to them by government, rather than by keeping ever so diligent that a government does not tread on a freedom that was gained through the spilling of blood, the loss of loved ones, and the ultimate sacrifice of a hero, their life, so that their fellow Americans can live in freedom.

When an American truly understands the phrase, “give me liberty or give me death” that person knows the value of life, and that death is a better comfort than to live with the monkey of government upon your back.  Who would rather live with a government parasite sucking the blood of life from their body, watching their family reduced to begging government for sustenance, and being asked  by a Marxists-fascist regime for more sacrifice than they are entitled to.

The central principal of the Comrade President Obama Administration, is to make citizens dependent upon government at the expense of their liberty for the next 200 years.  The second American Revolution for our freedom and liberty has begun, join the fight, reaffirm the rights in the Declaration of Independance!

Modern Life with its rush and instant gratification and the success of American business has given many Americans a false sense of security in our government.  This reliance and American silence in the early implementation of Comrade President Obama’s use of government as an instrument  for control of basic liberty’s, have never been  considered that they could be take from us.  As Americans we are ill equipped to assess that freedom is now under attack.   At the same time we have become unconscious of our history and apparently to busy or to indoctrinated by the liberal media machine to see the trend that is forming.

Americans are constantly bombarded with new impressions and ideas, yet the continuity of conservative values including less government intrusion and emphasis on the family has become jaded by the actions of the new administration.  Americans are truly unequipped to deal with new issues such as Comrade President Obama’s class bribery, an instrument he has unleashed that is just now making known its destructive force on the fabric of American life in the form of taxaton.  Many Americans are facing the fact that it is time to cut their incomes below $250,000.

ABC News reports that upper income taxpayers are now searching for ways to cut their income rather than become a victim of President Obama’s agenda to penalize families making $250,000. It is unlikely that at any other time in American history, has a more compelling argument been made that is best to underachieve. That economic security means earning less money. And that the fear of the government targeting you as an entrepreneur, a small business owner, or even a moderately successful investor is a real and legitimate fear.

Dr. Poczatek put it best when she said: “The motivation for a lot of people like me – dentists, entrepreneurs, lawyers – is that the more you work the more money you make, but if I’m going to be working just to give it back to the government – it’s de-motivating and demoralizing.”

The tax increases Comrade President and his Democratic Congress have approved will raise taxes by $1 trillion on the top 2.5 million tax filers. That comes to $400,000 per tax filer over ten years. The Obama administration future cap-and-trade system will have an overall hidden tax burden on consumers of $646 billion in new revenue.

In the good ol days (pre-Obama) Americans use to work for the Government four months of the year and got the keep the rest, now Americans will work over half the year for the Government while listening year round to the media extolling the benefits of the new Marxist-fascist doctrine of hope and change.

These socialist changes to the American way of life conflict with the fundamentals of our constitution and human nature which the constitution was modeled after.  In the long run this oppression of the American people cannot succeed, because it infringes upon the basic sense of right and wrong.  All the schemes of the Marxist-fascists in office that have passed this oppression do not respect American Property rights as part of the ingrained social contract Americans have unconsciously adopted and have made them proud to be American.  Let Comrade Obama betray the Judeo-Christian values to the World and bow to Muslim leaders, when no American President has ever disrespected his nation like this man, Americans will not forsake their freedom to elected tyrants.

Let us hope that in a decade Americans will have made the changes to take back their Liberty from the Liberal Tyrants who proclaim they know what is best for us, when what we need is freedom, liberty and the pursuit of happiness as we define it not as it is defined by the State!