Patriots: For over 26 years, your generosity has made it possible to offer The Patriot Post without a subscription fee to military personnel, students, and those with limited means. Please support the 2024 Year-End Campaign today.

July 12, 2011

The President’s Excess Income, and Ours

It is becoming a verbal tic – the tendency on the part of the president to tell wealthy Americans (“people like me” he’s always careful to add) that they have made more than enough money and will have to cough up more of it for the government. Speaking for himself on July 11, the president offered that he had “hundreds of thousands of dollars that I don’t need.”

The president is of course welcome to donate as much of his extra money as he likes to the federal treasury. He knows Timothy Geithner personally and can probably get a guarantee that his check will be cashed without delay. And since the president is so ready to impute unpleasant motives (like greed) to those who oppose tax increases, perhaps we should impute some sort of moral failing to him for not having thus far contributed his spare change to the government.

It is becoming a verbal tic – the tendency on the part of the president to tell wealthy Americans (“people like me” he’s always careful to add) that they have made more than enough money and will have to cough up more of it for the government. Speaking for himself on July 11, the president offered that he had “hundreds of thousands of dollars that I don’t need.”

The president is of course welcome to donate as much of his extra money as he likes to the federal treasury. He knows Timothy Geithner personally and can probably get a guarantee that his check will be cashed without delay. And since the president is so ready to impute unpleasant motives (like greed) to those who oppose tax increases, perhaps we should impute some sort of moral failing to him for not having thus far contributed his spare change to the government.

I can think of many excellent reasons to oppose higher taxes that have nothing to do with greed.

The government is a spigot. Just when you think that spending has passed some sort of gasp-inducing peak, it blows right past it. Some of us thought the half-trillion-dollar deficit at the end of the Bush administration was vertigo-inducing. In just the past two years, President Obama and the Democrats have tripled the deficit and added $3 trillion to the national debt. This added spending, 40 percent of which was borrowed, was advertised as required to create thousands of jobs, kick start an economic recovery, promote “green” energy, “save” thousands of jobs that would otherwise have disappeared and provide long-term unemployment insurance for those out of work.

The stimulus bill succeeded only in the last goal. (Slogan suggestion to the Republican 2012 presidential candidate: “If you want an unemployment check, vote for Obama. If you want a job, vote for ___.”)

Arguably, raising taxes to cover this incredibly brainless and wasteful splurge encourages irresponsibility on the part of decision makers. A refusal to raise taxes will force office holders to prioritize spending.

The president may be perfectly confident that the best use of his excess cash is to pay more taxes. Those who live in the real world may consider the government hopelessly wasteful and inefficient. If the president really wants to get the most bang for his charity buck, he’d be far better advised to donate to the Boys and Girls Clubs of America or the Wounded Warriors Fund than to the IRS.

Even the spending Democrats consider their greatest achievement, Medicare, is grossly wasted. Writing in the Weekly Standard, Jeffrey Anderson recently summarized his Pacific Research Institute study on the costs of Medicare and Medicaid. It’s a familiar Democratic refrain that government spending keeps increasing because it is attempting to keep pace with rising health care costs. But that may be backward. As Anderson shows, the costs of these two flagship federal health programs have grown much faster than other health care costs in America.

Since 1970, “health costs apart from Medicare and Medicaid have grown 41 percent per patient in relation to GDP, while Medicare’s and Medicaid’s costs have grown 89 percent and 91 percent – nearly doubling – as a share of GDP.” Anderson mentions one reason for the disparity: “In Medicare, if providers get it right the first time, they get paid once. If it takes them four or five times – at seniors’ inconvenience and sometimes at their peril – they get paid four or five times as much.”

Further, as Merrill Matthews and Mark Litow argue in The Wall Street Journal, Medicare encourages wasteful behavior. Among similarly situated patients, Medicare utilization is 50 percent higher than private insurance coverage. “When people are insulated from the cost of a desirable product … they use more.” And then there is fraud, which according to GAO estimates, cost taxpayers more than $70 billion in 2010 alone.

Every time the president demands higher taxes, he is resisting reform that could transform our government, our economy and our fiscal predicament. Even the faculty club set from whom he takes advice must realize by now that without substantial new growth, the United States is in real trouble. The president himself agreed in 2009 that “you don’t raise taxes in a recession.”

We are not technically in a recession. But we are in the kind of sluggish economy that the heavy boot of government creates. Resistance to tax hikes is shorthand for “no to all that.”

COPYRIGHT 2011 CREATORS.COM

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!


The Patriot Post and Patriot Foundation Trust, in keeping with our Military Mission of Service to our uniformed service members and veterans, are proud to support and promote the National Medal of Honor Heritage Center, the Congressional Medal of Honor Society, both the Honoring the Sacrifice and Warrior Freedom Service Dogs aiding wounded veterans, the Tunnel to Towers Foundation, the National Veterans Entrepreneurship Program, the Folds of Honor outreach, and Officer Christian Fellowship, the Air University Foundation, and Naval War College Foundation, and the Naval Aviation Museum Foundation. "Greater love has no one than this, to lay down one's life for his friends." (John 15:13)

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

Please join us in prayer for our nation — that righteous leaders would rise and prevail and we would be united as Americans. Pray also for the protection of our Military Patriots, Veterans, First Responders, and their families. Please lift up your Patriot team and our mission to support and defend our Republic's Founding Principle of Liberty, that the fires of freedom would be ignited in the hearts and minds of our countrymen.

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2024 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.