Glenn Beck Hate Mongering Of The Day: Obama And Progressives “Want To Intentionally Collapse Our Economic System”
Glenn Beck spent yet another day yesterday (1/5/10) ignoring terrorism (and the opportunity for yet another Fox News personality to blame President Obama for the failed Christmas attack and call for racial profiling) in order to mount another self-serving monologue transparently designed to prove he did not deserve the “2009 Misinformer of the Year” award he obsessed about the day before (which, ironically, was riddled with falsehoods and misrepresentations) . So instead of hate mongering about Obama for national security, Beck accused him and progressives of actively working to bring about “the destruction of our monetary system.” Ironically, Beck told at least one big whopper of a falsehood while he was at it. With video.Beck makes $3 million dollars a year for a) being a conservative clown, b) being a nitwit that wraps his garbage in fake patriotism, c) a media whore who'll say anything to make money from viewers he hopes are as loony and ignorant as he is, or d) he makers an honest living making a valuable contribution to society such as being a nurse, carpenter, truck driver, engineer, etc. If you answered a,b, and c you're correct. America’s Sea of Red Ink Was Years in the Making
Beck called the show “America’s Transformation: Beyond A Reasonable Doubt.” The unmistakeable suggestion was that progressives are guilty and he is not.
Beck began by saying there are people, and he made it clear he meant progressives, “who want to intentionally collapse our economic system.” He started to ratchet up the hate mongering by saying, “Progressives don’t speak the same kind of language that you and I do. Economic justice – that’s Marxism. It’s taking from the haves and giving to the have nots.”
The story of today’s deficits starts in January 2001, as President Bill Clinton was leaving office. The Congressional Budget Office estimated then that the government would run an average annual surplus of more than $800 billion a year from 2009 to 2012. Today, the government is expected to run a $1.2 trillion annual deficit in those years.Mr. Beck has lucked into a job where he does little work in exchange for millions of dollars, the least he could do is a little research and adhere to that commandment about not bearing false witness.
You can think of that roughly $2 trillion swing as coming from four broad categories: the business cycle, President George W. Bush’s policies, policies from the Bush years that are scheduled to expire but that Mr. Obama has chosen to extend, and new policies proposed by Mr. Obama.
The first category — the business cycle — accounts for 37 percent of the $2 trillion swing. It’s a reflection of the fact that both the 2001 recession and the current one reduced tax revenue, required more spending on safety-net programs and changed economists’ assumptions about how much in taxes the government would collect in future years.
About 33 percent of the swing stems from new legislation signed by Mr. Bush. That legislation, like his tax cuts and the Medicare prescription drug benefit, not only continue to cost the government but have also increased interest payments on the national debt.
Mr. Obama’s main contribution to the deficit is his extension of several Bush policies, like the Iraq war and tax cuts for households making less than $250,000. Such policies — together with the Wall Street bailout, which was signed by Mr. Bush and supported by Mr. Obama — account for 20 percent of the swing.
About 7 percent comes from the stimulus bill that Mr. Obama signed in February. And only 3 percent comes from Mr. Obama’s agenda on health care, education, energy and other areas.
