And So I Go: Yesterday, Today and Tomorrow

Archive for the ‘NJ Gov. Christie’ Category

A Historic Flood of Red Ink | The Weekly Standard.

Obama has cause a historic flood of red ink and his latest budget will put our nation $7 TRILLION  further in debt (he is trying to tell us it will “save” $3 trillion!).  Yet this “Thing” rather than sticking to his own business is sticking his nose and his political organization Organizing for America in the middle of  a battle to save the state of Wisconsin.   There are simply no words for Obama  anymore, simply none that I and my dictionary find adequate at any rate.

 

The following article from the Weekly Standard is an eye opener.  I have only copied over a portion of the article so to read the entire article do click the reference above.  BB

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Let’s try to put that into historical perspective (the source for all of these figures is the White House Office of Management and Budget’s historical tables):

* In actual dollars, President Obama’s $4.4 trillion in deficit spending in just three years is 37 percent higher than the previous record of $3.2 trillion (held by President George W. Bush) in deficit spending for an entire presidency. It’s no small feat to demolish an 8-year record in just 3 years.  (And yet the MSM aren’t saying a word about this.  In fact they are out there praising their presidents efforts at “budget reform”. BB

* In inflation-adjusted dollars, President Obama’s $3.8 trillion (in constant fiscal-year 2005 dollars) in deficit spending in just three years is nearly double our $2 trillion (in constant fiscal-year 2005 dollars) in deficit spending in the five fiscal years during which we were fighting World War II (FY 1942-46). It’s no small feat to nearly double the United States’ inflation-adjusted deficits during the largest conflict in human history, and to do so in less time than it took American GIs to fight that two-front war.

* As a percentage of the gross domestic product (GDP), President Obama’s average annual deficit spending is 9.7 percent of GDP. That’s higher than during any single year of the Great Depression, the Cold War, the Korean War, or Vietnam. In fact, the only deficits in more than 200 years of American history that have exceeded even 6 percent of GDP have all involved either the Civil War, World War I, World War II, or President Obama.

* In average annual deficit spending as a percentage of GDP, the nearby chart shows how President Obama stacks up against other presidents who have served during the past four decades.

* The Obama deficit legacy, moreover, will be felt well beyond his tenure in office, especially if that tenure extends beyond a single term. First, Obama’s spending through 2012 essentially doesn’t include Obama-care. The CBO projects that Obama-care will increase spending by more than $2 trillion in the overhaul’s real first decade (2014 to 2023). That’s more than $2 trillion that could -otherwise be used to pay down the debt, rather than allowing the debt to rise continually and then piling a massive new entitlement program on top of it.

Second, President Obama’s gargantuan deficit spending will hamstring future efforts to make ends meet. Under Obama’s own projections, interest payments on the debt are on course to triple from 2010 (his first budgetary year) to 2018, climbing from $196 billion to $685 billion annually. Under his projections for 2018, interest payments on the debt will exceed all defense spending, including wartime spending. Think about that: In the first budgetary year after the next presidential term, our creditors are projected to get more money than our military.

At the end of 2008, just before President Obama took office, the national debt was $9.986 trillion and 69 percent of GDP. Under his projections, eight years later it will be $20.825 trillion and 104 percent of GDP. That’s right: Our debt will soon exceed our national economic output for an entire year. And that’s even if you believe the president’s rosy projections of 4 percent real GDP growth over the next four years, considerably higher than the 2.7 percent achieved over the past quarter-century and the 3.2 percent over the past half-century.

To correct our course, we need to advance real entitlement reform and repeal the looming entitlement that could be the boulder that breaks the camel’s back: Obamacare. House Republicans need to produce a serious budget that offers real entitlement reform, as they appear poised to do. (I very much disagree with this authors opinion because the Old Dog Republicans are pansy butts too!  BB) Actually enacting entitlement reform, however, will require presidential leadership. The most effective champions of bold fiscal prudence on Capitol Hill and in the statehouses, respectively, have been Representative Paul Ryan and Governor Chris Christie. In the wake of President Obama’s wildly unprecedented deficit spending, such leadership is now needed at the presidential level.

Jeffrey H. Anderson was the senior speechwriter for Secretary Mike Leavitt at the U.S. Department of Health and Human Services.

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‘Day of Reckoning’: Chris Christie Tackles Massive State Debt on ‘60 Minutes’ | The Blaze.

This is interesting.  The Governor who is willing to tell the truth says the day of reckoning has arrived.  California, Arizona, Illinois, New York both state and city, and of course New Jersey that Governor Christie is trying to get under control are so far in debt that it really is impossible to get to the bottom of it in most cases  the debtors (states and cities) even know how much they do owe.  The main problems seem to be the public employee unions, but other spending is really just as bad it is just that the unions are making the biggest fuss and are at this time unwilling to even discuss the problems with the governments.

When will the bubble finally bust?  When will these states and cities finally  hit bottom and go belly up?  Some analyst say as soon as within the next 12 months.  then it is predicted they will turn to the federal government for a bail out.  Which means that the federal government will then have to borrow money toi bail out the states and cities.  Considering the federal government is now borrowing $.40  of every dollar it spends it is difficult to  believe they will do another round of bail outs.  And beside that the facts are that when bailed out the states and cities just continue on the way they have been  operating and this will just lead to another crisis down the line.  What we need is fifty governors like Chris Christie and one President like Chris Christie.  BB

13:51 Added to queue State Budgets: Day of Reckoningby CBSNewsOnline338 views

Day of Reckoning’: Chris Christie Tackles Massive State Debt on ‘60 Minutes’

It could be the biggest crisis since the collapse of the housing market.

That’s how experts are describing state budgets, which are becoming so spend-heavy that municipalities are now drowning in debt and unrealistic spending obligations.

Here’s a taste: California now spends more on public employee pensions than it does on the state university system; Arizona has sold its state capital, supreme court chambers, and legislative building to private investors; and Illinois, which spends twice as much as it takes in in taxes, is months behind on Medicaid payments and some gas stations won’t even take State Trooper credit cards.

Those examples were included in a “60 Minutes” special on Sunday, which detailed the growing problem of mounting state debt. It’s a problem that includes blatant fiscal irresponsibility and borrowing money to delay what NJ Gov. Chris Christie calls in the piece the “day of reckoning.” The segment also features Meredith Whitney, one of the most respected women on Wall Street who once predicted the dismal housing collapse. In her mind, the state budget crisis will be just as crippling.

Business Insider calls the piece, “what everyone will be talking about today”:

Last week, the Manhattan Institute’s Steve Malanga called the state budget problem a “fiscal train wreck,” and compared benefits in the public sector to benefits in the private sector. In short, he confirms Christie’s call for cuts:

One big area of concern is employee costs, including not only pay but benefits. According to the governor’s association report, the average state worker now earns $39.83 an hour in compensation, including benefits, compared to an average of $27.49 in the private sector. The big differentials are in health benefits ($4.43 per hour in the public sector vs. $2.01 in the private sector), and in pension costs ($3.23 per hour in the public sector vs. 94 cents per hour in private industry). As the report noted, “To have any hope of achieving fiscal health in the future, states will need to redesign their benefit systems.”

The Feds mice  doing mischief while we were not looking.  While we were busy watching the elections  returns the Federal Reserve announced they were printing  $600 Billion (Confederate) dollars   so they could  buy US Treasury Notes.  Oh yes!  Because  our dollar is so worthless the rest of the world is now refusing to buy our Treasury Notes  giving us the money to continue our suicidal spending we will simply buy our own.  This would sound stupid to a child who could see that one can not  use Monopoly money to buy bread; it is only the politicians who can understand this kind of thinking.

I can only hope the 37 individual states  which now have installed Republican governors and mostly Republican legislatures will pull themselves out of debt so when the federal government  goes over the cliff there is a group of relatively  solvent states to remake the nation.  BB

Obama didn’t get it and he continued today in his little unrepentant mea culpa speech  he continued to blame Bush, the Party of No Republicans and We the People.  Heaven forbid he see the huge national finger pointing at him.   Obama has made me ill for a long time now but today i really and truly gagged while listening to him.

The union members, CIO-AFL and SEIU Service Employees International Unions which covers most government employees, were  scared or threatened by their  leaders into electing the Democrats in New York, California and Nevada.   They were afraid of the Republicans pulling a Christie on them and cutting their pensions, pay and health care benefits.  The fact that these  union perks for the government employees in New York and California are bankrupting the states.So these two states that are on the cliff and falling into bankruptcy will be coming to the rest of the country for their bail out.  I can only hope the Republicans in the House stick to what We the people have told them and allows these two states to fall on their Democratic Asses.   Then they will have to cut their spending regardless of how many union members have to give up the million dollar pension plans.

As far as Nevada and our dear old  Senator  Harry Reid,  the union members in the casinos were bussed to the polling places to vote for Harry.  He promised them  the Card check which there is no way in Hell he will get thru this House.   BB

I am adamantly against government employees at any level of government  from the  city to the federal government.  This puts the union leaders holding the tax payers  in a choke hold!   Government workers have the  security of employment no matter what happens to the economy.  Government workers are not laid off in a recession.  This security of employment is enough  in my opinion to secure the tax payer from intimidation such as you will see in these videos.  Yes, this is the New Jersey Teachers Union but I promise you you can hear this sort of thing in any other state and any other union group.

Governor Chris Cristie of New Jersey has taken on the teachers unions  as well as those of his state unionized workers in other areas.   We need more governors like Chris Christie if we are to remove ourselves from the clutches of the thugs who own and operate the unions.  Brenda Bowers

5:00 Added to queue Teachers Unions Gone Wild – Volume Iby TrendingToday113 views

You really must listen to this.  It is near impossible to fire a union member for almost any infraction.  If it is done it takes sometimes years to get rid of an employee.  Again I know well this video is about teachers but it can with justification be  applied to all unions and union members.

6:10 Added to queue Teachers Unions Gone Wild – Volume IIby veritasvisuals25,252 views

UPDATE:  New Jersey Assembly passes 2 percent property tax cap; Christie to sign measure Tuesday

From Maggie Thornton  Maggie’s Notebook (Maggie Thornton)

Chris Christie Privatizes New Jersey

This post is well worth reading.  Governor Christie is on a roll and showing the country and especially the federal government just what has to be done to get our nation back to where it was supposed to be:  independent and free!  BB

Friday, July 9, 2010

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Chris Christie Privatizes New Jersey

New Jersey Governor Chris Christie is proposing a massive privatization program for the state. A 57-page report gives the steps necessary to save $210 million a year by putting many services in the hands of private enterprise. Finally we have an outspoken public champion of the private sector.

Governor Chris Christie

Two thousand state employees may lose their jobs.

From North Jersey.com [my formatting]:

(1) State parks, psychiatric hospitals and even turnpike toll booths could also be run by private operators,

(2) Preschool classrooms would no longer be built at public expense,

(3) state employees would pay for parking

(4) private vendors would dish out food, deliver health care and run education programs behind prison walls.

The most controversial loss to privatization is the state withdrawing entirely from the state vehicle inspections:

New Jersey would close its centralized car inspection lanes and motorists would pay for their own emissions tests….

But the car inspection proposal is sure to stir up controversy in a state with a tortured history of privatizing emissions testing.

Currently, New Jersey pays for the complete inspection process.

“One of the prettiest sounds on earth” is the Muslim call to prayer at sunset.
Barack Hussein Obama as quoted by Nicholas D. Kristof in the New York Times – March 6, 2007

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