President Obama has broken a lot of promises. Here's one he kept:




Stolen from Daily Pundit.

Mark Stein asks an important question:

“The country” is “dependent” on oil. But the “imported” bit is purely a matter of choice: A decadent elite has decided largely for aesthetic reasons that oil extraction is something foreigners do in distant lands. Hence, the pathetic spectacle of President Obama going to Brazil to praise the Brazilians for serious deepwater extraction that would get him booed off stage by the Sierra Club types if he advocated it here. If it destroys the planet doing it in U.S. waters, doesn’t it also destroy the planet transferring the operation to Brazilian waters?

Walter Williams has an interesting article illustrating how much money our government truly spends. In it he outlines some revenue enhancement strategies aimed at the "rich," how much each would yield, and how long it would support current government spending (about $10 billion a day).

100% tax on all income exceeding $250,000: $1.4 trillion, 141 days.

100% tax on all corporate profits: $400 billion, 40 days.

100% confiscation of all assets owned by billionaires: $1.3 trillion, 131 days.

So even 100% tax rates and outright asset confiscation won't fund a full 365 days of government spending. And even if it did, where would the government get its money the next year?

The first comment at this article:

So, the gummit gave Deepwater Horizon a safety award, signed off on the drilling plans, failed to assess the scope of the disaster, botched the initial investigation, blamed BP and now is killing dolphins. Thanks for all the help!