Greenwich Fundraiser Seeking Bipartisanship In Washington, D.C. On Federal Budget Deficit

By Christopher Keating On August 13, 2012 · 1 Comment

Greenwich fundraiser Len Tannenbaum recently returned from a trip to Washington, D.C. on a quest for bipartisanship on the road to reducing the federal budget deficit.

Tannenbaum says that Republicans and Democrats must come together to cut spending in a way similar to the Simpson-Bowles plan, a bipartisan solution that was named after the two co-chairmen of a national budget-cutting commission, former Sen. Alan Simpson and Erskine Bowles, the former chief of staff for President Bill Clinton.

While he favors bipartisan compromises, Tannenbaum is a registered Republican who has been labeled “center right” on issues, and he has supported Republicans in various races.

“I’m really upset with Barack Obama’s slamming of businesses. That’s my biggest problem,” Tannenbaum said. “I don’t agree with the demonizing of business.”

Obama had made highly controversial comments about business owners who he said did not build their companies from scratch – because they had reaped the benefits of public schools, public roads, and public investments that others had paid for with their tax dollars through the years.

“I built my business from one person in my basement, and we have 47 people today,” said Tannenbaum, who runs a financial company. ”For somebody to tell me I didn’t do it, it’s really craziness. Look, it’s actually very sad.”

Tannenbaum burst onto the political scene this year with a fundraiser at his home in Greenwich’s famed “backcountry” that featured U.S. Rep. Charlie Bass of New Hampshire, U.S. Senate candidate Linda McMahon of Greenwich, Republican Congressional candidates Lisa Wilson Foley of Simsbury, Christopher Coutu of Norwich, and Mark Greenberg of Litchfield, longtime NBA basketball star Grant Hill, former Greenwich Republican town chairman Ed Dadakis, state Sen. L. Scott Frantz of Riverside, and others. They raised about $100,000 for a federal political action committee that Tannenbaum formed in order to send money to political campaigns.

One Response to Greenwich Fundraiser Seeking Bipartisanship In Washington, D.C. On Federal Budget Deficit

Sees The Future says:

August 14, 2012 at 5:03 pm

He’s right. 100% right. Obama, our nation’s first Marxist-Leninist president, hasn’t a clue as to how modern economies work, and he doesn’t understand how capitalism is essential to creating and fostering a strong national economy.

In his Marxist-Leninist dream state, everyone would work for the government, and everyone would be dependent on the government. There’s only one problem: Where will the money come from? The “rich”? Perhaps he needs to look at the federal budget and the tax revenue data from the IRS, as well as the accumulated wealth data for the “rich.”

It is irrefutable fact, based on data from his own government, that if the IRS confiscated 100% all of the income from everyone in the country who made over $1M, it would run the federal government for approximately 2.5 months. There simply isn’t enough income in the ranks of the so-called “rich” to sustain the kind of spending he and his Democrat enablers in Congress have embarked upon; trillion-dollar deficits stretching as far as the CBO can forecast.

To sustain those levels of spending (and which he intends to increase in a 2nd term…) it will be necessary to levy huge tax increases not merely on the “rich” but on the huge middle class that he claims to defend. Part of those tax increases have been set in motion via Obamacare; the rest will be coming in a 2nd term – and they won’t be small. Remember, fully 50% of the wage earners in America don’t even pay any income tax, and approxilamtely 20% of them receive an earned-income tax credit along with other forms of government welfare assistance.

Hopefully, enough people who voted for this Great Pretender in 2008 are suffering a huge case of buyer’s remorse and will right that wrong when they awaken on November 6th.