And So I Go: Yesterday, Today and Tomorrow

Posts Tagged ‘Stimulus 2009

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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Nearly half of US households escape fed income tax – Yahoo! Finance.

I get so angry when I hear people saying, “Tax the rich!”  I get even more angry when the Democrats  use this as a tool to try to  divide the country  in Haves and Have-nots.   The so-called “rich” are already being taxed to support the other half of the people in the United States who pay no taxes at all!  The very rich billionaires   pay 35% of the taxes in the United States although they represent less than 1% of the population. The Democrats have pushed this lie that the rich are oppressing the poor so long that the truth has been lost. It is a case of say it often enough and it becomes the truth regardless.  Now the Democrats have spent so much that even they have become aware of the dire straits this country is in. Suddenly after spending like money grew on trees  and the need for money  to keep spending since the world has put the brakes on their borrowing  the Democrats  want to cut the tax cuts given under President Bush.  Cutting taxes and putting more money in the hands of the people has proven again and again to be the most effective way for the government to GET MORE MONEY THRU TAXING INCOME.  When the people have more money to spend and invest in business there are more people working and therefore more income to tax.  It is so easy to understand but apparently the Democrats and Progressives have a mental block here.

Another fact: it wasn’t until the Democrats came into power in 2006 that our nation began the long dip into the depression we are in now.  It was the  wheeling and dealing that Democrat Barney Frank Chairman of the House Finance Committee and Democrat Sen. Chris Dodd Chairman of the Senate Banking  Committee  stuck their grasping fingers into the  mortgage market demanding banks lend money to people who could not afford to buy a house and then covered these dirty deals up by insisting all was well when President Bush was calling for investigations into Freddie Mac and Fanny Mae that the crisis finally came to a head and the finance industry  came crashing down.

President Bush was in the White House and got suckered into this mess of Bail Outs but it was the Democrats in Congress who voted for them.  Many Republicants and a good many citizens were against the Bail Outs!

So when the crisis that had been allowed to occur  when the Democrats controlled Congress what did the Democrats do?  They did what the Democrats always do: they threw a lot of money at the banks and  even more into the federal government.  Yes all this money was first given to federal agencies to  then give to the banks.  Of course the agencies had to be funded for this service so they took their cut off the top.  They then hired more people so that the agencies in the government could keep growing and growing and spending and spending.   Bigger and Bigger government.  The government agencies got the lions share of the TARP money and the Stimulus money!  Money the nation did not have and had to borrow!

Now the Democrats can only think of taxing the “rich”.  They consider the ‘rich” any couple who makes over $250,000 a year.  People please understand these are  the small business people who employ most of the working people in this country.  By letting the Bush Tax cuts expire the taxes on these people will go back up to the 40%.   This at a time when   money is needed by the people who do the hiring and creating jobs for the rest of us!  Of course they are now referring to just allowing the Bush Tax Cuts to continue as the Obama Tax Cuts.

Anyhow, this article tells exactly who pays taxes in this country and believe me it is not me because I am part of the 47% of people who pay no  INCOME taxes.  In fact, being retired on Social Security I was one who  received   a check from the government on two occasions to boost my income from tax payers who had paid taxes.  It is one thing to get some of your own taxes back but it is an  entirely different thing to get money from the government that comes from other tax payers because you personally do not pay taxes.  I and a good many of you ( 47% of us in fact)  PAY NO INCOME TAXES.  What we do pay is the Social Security and Medicare/Medicaid taxes.  BB

Stephen Ohlemacher, Associated Press Writer, On Wednesday April 7, 2010, 5:38 pm EDT

WASHINGTON (AP) — Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it’s simply somebody else’s problem.

About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That’s according to projections by the Tax Policy Center, a Washington research organization.

Most people still are required to file returns by the April 15 deadline. The penalty for skipping it is limited to the amount of taxes owed, but it’s still almost always better to file: That’s the only way to get a refund of all the income taxes withheld by employers.

In recent years, credits for low- and middle-income families have grown so much that a family of four making as much as $50,000 will owe no federal income tax for 2009, as long as there are two children younger than 17, according to a separate analysis by the consulting firm Deloitte Tax.

Tax cuts enacted in the past decade have been generous to wealthy taxpayers, too, making them a target for President Barack Obama and Democrats in Congress. Less noticed were tax cuts for low- and middle-income families, which were expanded when Obama signed the massive economic recovery package last year.

The result is a tax system that exempts almost half the country from paying for programs that benefit everyone, including national defense, public safety, infrastructure and education. It is a system in which the top 10 percent of earners — households making an average of $366,400 in 2006 — paid about 73 percent of the income taxes collected by the federal government.

The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.

“We have 50 percent of people who are getting something for nothing,” said Curtis Dubay, senior tax policy analyst at the Heritage Foundation.

The vast majority of people who escape federal income taxes still pay other taxes, including federal payroll taxes that fund Social Security and Medicare, and excise taxes on gasoline, aviation, alcohol and cigarettes. Many also pay state or local taxes on sales, income and property.

That helps explain the country’s aversion to taxes, said Clint Stretch, a tax policy expert Deloitte Tax. He said many people simply look at the difference between their gross pay and their take-home pay and blame the government for the disparity.

“It’s not uncommon for people to think that their Social Security taxes, their 401(k) contributions, their share of employer health premiums, all of that stuff in their mind gets lumped into income taxes,” Stretch said.

The federal income tax is the government’s largest source of revenue, raising more than $900 billion — or a little less than half of all government receipts — in the budget year that ended last Sept. 30. But with deductions and credits, especially for families with children, there have long been people who don’t pay it, mainly lower-income families.

The number of households that don’t pay federal income taxes increased substantially in 2008, when the poor economy reduced incomes and Congress cut taxes in an attempt to help recovery.

In 2007, about 38 percent of households paid no federal income tax, a figure that jumped to 49 percent in 2008, according to estimates by the Tax Policy Center.

In 2008, President George W. Bush signed a law providing most families with rebate checks of $300 to $1,200. Last year, Obama signed the economic recovery law that expanded some tax credits and created others. Most targeted low- and middle-income families.

Obama’s Making Work Pay credit provides as much as $800 to couples and $400 to individuals. The expanded child tax credit provides $1,000 for each child under 17. The Earned Income Tax Credit provides up to $5,657 to low-income families with at least three children.

There are also tax credits for college expenses, buying a new home and upgrading an existing home with energy-efficient doors, windows, furnaces and other appliances. Many of the credits are refundable, meaning if the credits exceed the amount of income taxes owed, the taxpayer gets a payment from the government for the difference.

“All these things are ways the government says, if you do this, we’ll reduce your tax bill by some amount,” said Roberton Williams, a senior fellow at the Tax Policy Center.

The government could provide the same benefits through spending programs, with the same effect on the federal budget, Williams said. But it sounds better for politicians to say they cut taxes rather than they started a new spending program, he added.

Obama has pushed tax cuts for low- and middle-income families and tax increases for the wealthy, arguing that wealthier taxpayers fared well in the past decade, so it’s time to pay up. The nation’s wealthiest taxpayers did get big tax breaks under Bush, with the top marginal tax rate reduced from 39.6 percent to 35 percent, and the second-highest rate reduced from 36 percent to 33 percent.

But income tax rates were lowered at every income level. The changes made it relatively easy for families of four making $50,000 to eliminate their income tax liability.

Here’s how they did it, according to Deloitte Tax:

The family was entitled to a standard deduction of $11,400 and four personal exemptions of $3,650 apiece, leaving a taxable income of $24,000. The federal income tax on $24,000 is $2,769.

With two children younger than 17, the family qualified for two $1,000 child tax credits. Its Making Work Pay credit was $800 because the parents were married filing jointly.

The $2,800 in credits exceeds the $2,769 in taxes, so the family makes a $31 profit from the federal income tax. That ought to take the sting out of April 15.

Internal Revenue Service: http://www.irs.gov

Tax Policy Center: http://www.taxpolicycenter.org

 

Star Parker is one o my favorite columnist because shespeaksd from experience.  She was born and raise in the ghetto and rose above it with hard work and talent.  Her book,  “Back on Uncle Sam’s Plantation”  should be read by anyone who believes in government handouts.  BB

Star Parker

In Washington, It’s the Money that Talks

by Star Parker

Washington’s latest bailout of bleeding state governments, $26 billion worth, has gotten attention because, among other things, almost half the bailout is financed by cutting $12 billion from food stamps.

But isn’t food stamps a signature program for the liberal Democrats who passed this spending bill? Isn’t government money for the poor what Democrats are supposed to be about?

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How, in these tough times, do Democrats who control congress decide who’ll get funded and who not?

This is the latest example, particularly illustrative, showing that Washington is less and less about ideas and values, and more and more about interests, power, and money.

In this case, we’re talking about unions. Of the $26 billion the bill appropriates, $16 billion goes to state Medicaid programs and the other $10 billion to unionized state and local government employees.

Of the top twenty PACs in the country, eleven are union PACs. Number eight on the list is the American Federation of State, County, and Municipal Workers ($1.8 million dollars in campaign contributions in the current election cycle). Number seventeen on the list is the American Federation of Teachers ($1.5 million in contributions).

Needless to say, around 100% of these union political contributions go to Democrats.

Union membership today is mostly a government phenomenon.

Whereas 7% of private sector employees are unionized, 35% of government employees are.

So with each incremental growth in government, unionized workers gain disproportionate power and influence over all our lives. Unions understand that big government is their bread and butter, so unions, that represent 15% of all American workers, account for more than 50% of the nation’s largest Political Action Committees.

The problem should be clear. Regardless of the narrative you want to use to explain how we got into the current difficult economic times, there is only one way out. That’s flexibility, creativity, and innovation.

But in areas that are unionized – mostly government – we hit the wall. Union contracts prohibit wage adjustments or any kind of market flexibility.

Over the last ten years, wages have risen for state and local government workers by 19% compared to 9% in the private sector.

Nobel laureate economist Gary Becker writes: “During this recession, wages did fall for many workers, but mainly among non-union workers….For example, the state of Illinois has the largest fiscal deficit as a percent of its budget of any state… It required many of its high level non-union employees to take 24 unpaid leave days, or about a 9% cut in their salaries, since the state government cannot touch the wages of their many unionized employees.”

Regarding pleas about saving teachers’ jobs, it’s not about this at all. It’s about teachers’ unions refusing to make concessions and hard adjustments like all Americans are making.

Steve Moore of the Wall Street Journal recently wrote about the refusal of the teachers’ union in Milwaukee to negotiate with the local school board and make any concession in which teachers would have to contribute something to their health plan. Their plan, according to Moore, costs taxpayers $26, 844 per family, compared to $14,500 which typifies private employer plans.

The union held out, letting some teachers get laid off, waiting for bailout from Washington.

Priorities in Washington have always been influenced by who’s got the money as opposed to who’s got the ideas. Today mores than ever.

And for the poor?

The main way to end the poverty cycle is to get poor children educated. And it’s the teachers’ unions that fight school choice.

A major driver of poor youth unemployment is the minimum wage, aggressively supported by unions.

But unions have campaign funds. So they will step ahead of the poor in line when Washington sets priorities. This will be true whether it’s a question of funding existing programs for the poor, like food stamps, or pushing forward innovative market based ideas to combat poverty.

The People Versus the Government.

This is a good article by Alan  Caruba stating some hard factsx and things going on in the Democratic Party and the states that are in disagreement with Obama.  But the most significant thing he wrote was:

Obama is Marxist ideologue

All this comes back to the fact that Obama is Marxist ideologue. He is also a liar, a trait no one likes, and a narcissist who gives continued evidence of regarding the presidency as a daily opportunity for self-indulgence and bottomless ego satisfaction.

A recent Investor’s Business Daily editorial said, “As Americans suffer economically, President Obama golfs, vacations, campaigns, appears on a frivolous talk show—and vacations some more. Gee, don’t we have a war and other problems to attend to?”

Obama may not be easily removed, but he can be politically neutralized if Republicans can gain control of Congress in November. There are barely 900 days left in his first and hopefully last term; still time for him and his cadre of czars to do more damage.

Another really great article: Deceit and Denial upon Our Ramparts

Pundits and talking heads keep saying that Obama and his administration just don’t get it, can’t learn from their mistakes, aren’t listening or don’t understand the average American citizen. Nothing could be further from the truth. Obama is listening, he does understand us and he gets it. He just hates what we stand for. It’s the Republicans that aren’t listening, don’t get it and don’t understand that we get it, we understand and we will do something about it. We are tired of being collateral damage to a deceitful, disdaining administration run by ideologues with no practical experience at any level and by politicians who lie, cheat and steal from every living human on this planet by virtue of their supposed elitist entitlement as members of a “ruling class”.

Obama is not incompetent either. He knows precisely what he is doing. His ancient agenda is deliberate and premeditated, full of disdain for everything America stands for, full of contempt for “rich people”, “poor people”, free enterprise, white people, black people, brown people, white women in particular, Jews, Christians, Catholics, Mormons, freedom, American tradition and American law. Want proof, just read his books.  He is clever, deceitful and damaged goods with no shame and no conscience. To a nation of ordained free patriots, Obama’s appearance of total incompetency is simply the measure of his intent and his refusal to accept the reality that socialism is not an acceptable form of government to Americans and a historically failed, incompetent system. Each day, while Europe scrambles to free and save itself from another miserably failed socialist experiment, Obama drives another nail into the coffin of our Republic.


Tipping Points – Michael G. Franc – National Review Online.

This is a good article that spells out in plain language just where we are fiscally and how we got  to this point.  There are also some pointers as to what to do and if we are not to sink but don’t expect Congress to take these actions because they are on a frenzied roll to spend, spend, spend.  BB

June 9, 2010 4:00 A.M.

Tipping Points
We need swift, wise fiscal action to fend off financial disaster.

More and more Americans now share the unpleasant feeling that our nation (indeed, the entire Western world) has edged up to some sort of fiscal precipice. Moreover, the concern is not sparked by a specific policy or confined to a particular demographic or interest group.

A clear majority of Americans now expect our military might to fade over the next two decades, polls show. By a three-to-one margin, they believe their children will inherit a country on a downward trajectory. Nearly half say it is no longer possible for a person to work hard and become rich. As President Obama said at Carnegie Mellon University this week, there is a growing “sense that the American dream might slowly be slipping away.”

Unsurprisingly, trust in government has cratered. “Just 22% say they can trust the government in Washington almost always or most of the time,” the Pew Research Center recently found. It’s among the lowest ratings in half a century. Congress now suffers the lowest favorable rating (25 percent) in a quarter century of Pew surveys. Call it the New American Malaise.

For starters, soon foreigners will own a majority of our debt — and we are getting deeper into hock to them every day. Last year marked the single largest expansion in government debt ever. Federal debt alone accelerated past the $13 trillion mark last week.

President Obama’s budget forecast reflects a cock-eyed optimism about our fiscal future, yet even it projects total U.S. debt will rise from 2009’s 53 percent of GDP to 90 percent by 2019. “Most economists,” Sen. Judd Gregg (R., N.H.) notes, “will tell you that an economy can handle between 30 and 40 percent debt as a percentage of GDP. But a nation’s economy starts to get into trouble when that ratio gets up around 60 percent of GDP. When it gets up to 80 percent of GDP, basically an economy can’t handle that for very long.”

The day of reckoning may already be here, according to a new study by the International Monetary Fund. It pegs our “general government gross debt” for 2010 at 92.6 percent of GDP. By 2014, the IMF estimates, government debt will pass the 100 percent–of–GDP tipping point (hitting 106.4 percent to be exact) and keep on going. To forestall a Greece-like fiscal catastrophe, the IMF says, lawmakers must act now to reduce government debt by more than $1.6 trillion. Instead, Congress is looking to pass an “extenders” bill that will run up hundreds of billions more in debt.

And the economic consequences are severe. Each 10 percent–of–GDP increase in debt, the IMF has found, slows economic growth by 0.25 percentage points per year.

Another just-reached tipping point makes it harder for Congress to paper over its excess spending. Social Security is now operating in the red, six years earlier than expected. Until recently, Social Security payroll taxes were Uncle Sam’s cash cow, subsidizing other federal programs to the tune of $100 billion–plus annually. Now, all those revenues — and then some — are needed just to cover each month’s Social Security payments.

For now, it’s debt and more debt, as far as the eye can see. And debt is expensive. How expensive? Interest on the national debt will triple over the next six years, to approximately $600 billion per year. By 2017, interest payments on the debt will exceed federal spending on education, energy, transportation, housing, and environmental protection combined.

But the real malaise makers are tipping points that suggest bigger government and higher taxes may be irresistible:

Last year, 47 percent of all American households paid no income taxes. (It was only 32.6 percent in 2007.) Soon a majority of Americans may see government spending as a free lunch — a fount of more and more benefits that costs them nothing.

The government’s role in our health sector is growing so fast that before long, government programs will account for a majority of all heath-care spending. By 2012, nearly three of every four American children could be eligible for government-run health care. Can we really “bend the health-care cost curve” down when so much health care is “free”?

USA Today recently identified “a major shift in the source of personal income from private wages to government programs.” As a share of personal income, paychecks from private business are now at an all-time low, while government-provided benefits have never been so high.

Unions now represent more government employees than private-sector workers. It’s no accident that public-sector unions have injected themselves forcefully into virtually every recent state and federal battle over taxes and spending. Their interests are higher taxes and bigger government.

It really adds up. Preliminary research for the Heritage Foundation’s next Index of Dependence on Government indicates that dependency increased more in 2009 than at any time since the Jimmy Carter era. The largest spike in dependency came in the areas of health and welfare.

As dependency soared, economic freedom waned. Last year, the United States fell from the ranks of “economically free” nations, according to Heritage’s Index of Economic Freedom. Today we are the Land of the “Mostly” Free. The prime reason for our historically poor showing: our internationally high levels of debt, spending, and taxation.

We are on the way to following all other empires  into decline and failure.  Our “American Empire”  sometimes called the “Western Empire” when Europe is included  is failing for the very same reasons all the others failed: “cataclysmic financial meltdown”.  Too much spending and dependency on government to the point where spending out paces income.   Sad.  BB

Morning Bell: This Congress Has No Shame | The Foundry: Conservative Policy News.

The people we have elected to lead this country have grown rich on our apathy.  We have elected the same people again and again and ignored their  crimes against our laws.  We have ignored them to our detriment.  Now after all the spending and the understanding by everyone in the United States that we are broke and going bankrupt the Congress continues to spend.

The following article is a reminder of what congress has done and what they are continuing to do.  A Financial Reform Bill was passed by the Senate in the dead of night ( remember the thief would come in the night? Both Obamacare and the Financial Reform bill were passed at night.  Ironic?  ) Now they are considering a Defense spending bill that is over 1/2 other frivolous perks  to their unionized supporters and  earmarks to take home.  In some cases the ear marks are to build monuments to themselves on the order of Murtha’s Airport.  This is especially the case for those congressmen who know they probably will not be reelected and they are frantic to mark their place in history.

They have no regard for the needs or wants of the public and they indeed have no shame. BB

Morning Bell: This Congress Has No Shame

Posted May 27th, 2010 at 9:38am in Ongoing Priorities

On February 4, 2010, pushing for passage of her pay-as-you-go (PAYGO) legislation, House Speaker Nancy Pelosi (D-CA) said on the House floor: “When I became Speaker of the House, the very first day we passed legislation that made PAYGO the rule of the House. Today we will make it the law of the land. … So the time is long overdue for this to be taken for granted. The federal government will pay as it goes.” That was the promise. But here is the reality: in the three years that Speaker Pelosi has enforced her PAYGO rule, the House has violated it by nearly $1 trillion.

And now with the U.S. Debt Clock officially passing the $13 trillion milestone Wednesday, the House is set to violate their own PAYGO law yet again, this time to the tune of around $150 billion. The legislation clocks-in at almost one-fifth the size of President Barack Obama’s original $862 billion failed economic stimulus, and the leftist majority in Congress has titled it “The American Jobs and Closing Tax Loopholes Act.” And it is a tax-hiking, spending-exploding, job-killing, deficit-hiking wonder.

The Tax Hikes: The entire purpose of this bill was originally to extend some popular and well-established tax cuts that have been around for years but have to be reapproved every year. But being the big government lovers that they are, the left has crafted a bill that actually increases tax revenues by $57 billion over ten years. The biggest items are a job-killing tax on American corporations that compete overseas, a job-killing tax on innovation-creating venture capital partnerships, and a four-fold increase in the tax on oil production that ostensibly is supposed to go to the Oil Spill Liability Trust Fund, but is instead being siphoned off to help pay for completely unrelated new domestic spending.

The Spending: The bill originally clocked-in at almost $200 billion, and Democrats have since cut the spending to just under $150 billion, $95 billion of which will go straight onto our children’s credit card bill in flagrant violation of Congress’ own PAYGO rules. Goodies include $26 billion for infrastructure, more than $40 billion for yet another unemployment insurance extension, another $24 billion bailout of state Medicaid programs, $8 billion in needlessly expensive health insurance subsidies, and $2.5 billion for states to increase their welfare rolls.  Even some Democrats are beginning to question the endless UI extensions, with Rep. Kathy Dahlkemper (D-PA) telling The Washington Post that businesses back home complain that they want to start hiring but are getting few applicants because Congress has repeatedly extended unemployment benefits.  (why should people work when they are ENTITLED to what comes to almost two years of unemployment benefits?  BB)

And then there is what was originally the largest-ticket item in the bill: $65 billion over three and a half years for increasing physician Medicare reimbursements, aka the “doc fix.” This one item alone proves that all of President Barack Obama’s claims that his health care law reduces the deficit are 100% false. The CBO report this month estimated that $276 billion would be required to shore up the “doc fix” over the next decade. Adding that spending to Obamacare’s already $940 billion total would easily push it into the red. That is why Congress did not address the problem in Obamacare. Brandeis University professor Stuart Altman calls the “doc fix” charade “one of the worst pieces of legislation I’ve ever seen.” The House has cut this version of the “doc fix” down to $21.8 billion just through December 2011.

Across the country, millions of American families are struggling to make family budgets and keep to them. Not Congress. For the first time in the history of the budget process, the House of Representatives has failed to plan how they will spend your tax dollars. ( The House is not going to submit a budget for the first time in history because they don’t want to admit to you just how much they have spent and plan to spend.  BB) Instead they will recklessly continue to flagrantly violate their own PAYGO rules as they add billions and billions worth of debt onto your children. This Congress has no shame.

See also:

Morning Bell: Slouching Towards Irrelevance | The Foundry: Conservative Policy News.

This article has much great information  and analysis in it as to where America is heading under Obama and the elitists traitors against the United States.  The presidents speech at West Point this weekend was a warning of what is to come if one would but listen.  The cadets did listen and the military is listening according to some reports I have gotten.  Will America be saved from this?  BB

Slouching Towards Irrelevance

Earlier this month while in Brussels, Vice President Joe Biden told the European Parliament that while “some American politicians and American journalists refer to Washington, DC as the ‘capital of the free world’ … it seems to me that this great city, which boasts 1,000 years of history and which serves as the capital of Belgium, the home of the European Union, and the headquarters for NATO, this city has its own legitimate claim to that title.” How revealing.

The European Union is a profoundly anti-democratic institution, created and forced on member states by internationalist leftist elites despite widespread public disapproval. It should be no surprise that the same administration that can’t bring itself to enforce our laws and protect our borders would give such strong support to an institution that has so undermined national sovereignty in Europe. And given that the EU’s unelected and unaccountable bureaucracy employs more people than the entire British Army it is no wonder that NATO member nations have been unwilling/unable to pull their weight in the Long War.

One might hope that the Obama administration would look at the path Europe has gone down (a bloated welfare state that saps economic growth and bleeds military spending) and decide to change course. But President Barack Obama’s speech at West Point on Sunday quashed any such hopes. Speaking to graduating Cadets, President Obama laid out the increasingly identifiable pillars of the Obama Doctrine: greater reliance on international institutions; substituting soft power for hard power; and a more subdued and less self-reliant America – a scheme designed more to manage American decline than to ensure its people remain safe, free and prosperous.

Last Friday Charles Krauthammer gave us a whirlwind tour of what the Obama Doctrinehas looked like in action: failed engagement with Iran, surrender to Russia on missile defense, appeasement of Syria, support for pro-Chavez leftists in Honduras, and a gratuitous slap at Britain over the Falkland Islands. And what has it secured? A completely fake deal between Turkey, Brazil and Iran that will do nothing to slow Iran’s nuclear weapons program but has already made new meaningful sanctions next to impossible.

Instead of cutting domestic spending and reining in entitlements, President Obama passed a $862 billion failed stimulus and created a brand new health care entitlement all while laying the ground work for future cuts to our nation’s defenses. As Krauthammer wrote Friday: “This is retreat by design and, indeed, on principle.”

Perhaps, the worst thing about the speech was that the President made it in front of the men and women who will have to live with the immediate consequences of his actions. The Obama Doctrine will put them in harm’s way without the modern equipment they will need; with allies who will increasingly doubt our resolve; and at the mercy of an international order that will value their lives for less than the power which the White House wants to put in their hands.


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BB’s file cabinet

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