The Check Is In The Mail
Nov 23, 2009 Political
The federal government is running a huge deficit and the national debt is more than 12 trillion dollars. The interest on that debt is expected to exceed 700 billion dollars a year or 500 billion more than last year. The interest on our debt is half a trillion dollars more than a year ago.
To put this in perspective, the NYT points out:
In concrete terms, an additional $500 billion a year in interest expense would total more than the combined federal budgets this year for education, energy, homeland security and the wars in Iraq and Afghanistan.
Our interest on debt is more than several budget items including both wars. When liberals tell you how much money there would be without the wars remind them how much more there would be if we did not have to pay nearly three quarters of a trillion dollars in interest (half a trillion more than last year).
The government is about to have a triple whammy in the not too distant future as Democrats under Obama rack up tremendous new debt, short term borrowing that comes due in the next few months and interest rates that will go up after this fabricated emergency passes.
Obama said he will halve the deficit by the end of his first (and I hope only) term but this will be nearly impossible. Look for him to blame Bush.
Americans are saving more but are still saddled with a lot of personal debt from years of care free credit buying. Many were devastated because they foolishly bought houses they could not afford and are now in real financial trouble. Unfortunately, the people with these kinds of problems are no different than our government which continues to spend as if there is no tomorrow.
Might not be if they don’t get a handle on it.
But that will mean raising taxes on everyone not just those who already pay almost all the taxes. Yes, as hard as it is to believe the so called tax cuts for the rich better helped those in the middle class as the wealthy already pay nearly all the taxes in this country.
But that will change if Obama wants to reduce the debt because there is simply not enough money available from the rich to take care of the problem. If we took 100% of their money we would still not be out of trouble. The money will have to come from everyone so those of you who believed Hopenchange when he said he would not tax you, you are in for a surprise.
He cannot reduce the debt without taxing you so he either lied about reducing it or he lied about taxing you.
Either way, he ran up the debt and the bill will come due.
How’s that Hope and Change working out for you now?
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Barry Throws In The Kitchen Sink
Oct 4, 2009 Political
In his weekly address to the American People, or at least the segment who can listen to him speak without reflexively gagging, the Resident tried to link jobs to the healthcare debate. This is an old gambit, not the exclusive property of the Dems- linking a failing project to another failing project, in a negative + negative = a positive.
Sorry Mr. Resident, that does not compute- both the stimulus AND the healthcare problem are still bad ideas. Spending money we do not have is always a bad idea, whether for an individual or a person, and that is the bottom line- but it doesn’t stop our Pretender in Chief from trying.
When I took office eight months ago, our nation was in the midst of an economic crisis unlike any we’d seen in generations. While I was confident that our economy would recover, we know that employment is often the last thing to come back after a recession. Our task is to do everything we possibly can to accelerate that process.
And we’ve certainly made progress on this front since the period last winter when we were losing an average of 700,000 jobs each month. But yesterday’s report on September job losses was a sobering reminder that progress comes in fits and starts, and that we will need to grind out this recovery step by step.
That’s why I’m working closely with my economic team to explore additional options to promote job creation. And I won’t let up until those who seek jobs can find them; until businesses that seek capital and credit can thrive; and until all responsible homeowners can stay in their homes.
It won’t be easy. It will require us to lay a new foundation for our economy – one that gives our workers the skills and education they need to compete; that invests in renewable energy and the jobs of the future; and that makes health care affordable for families and businesses – particularly small businesses, many of which have been overwhelmed by rising health care costs.
whitehouse.gov
Blah, blah, blah- and then he tries to say that all will be rosy if we just pass the healthcare bill, which is the furthest thing from reality he could say-
Rising health care costs are undermining our businesses, exploding our deficits, and costing our nation more jobs with each passing month.
So we know that reforming our health insurance system will be a critical step in rebuilding our economy so that our entrepreneurs can pursue the American Dream again, and our small businesses can grow and expand and create new jobs again.
That is precisely what the reform legislation before Congress right now will do. Under these proposals, small businesses will be able to purchase health insurance through an insurance exchange, a marketplace where they can compare the price, quality and services of a wide variety of plans, many of which will provide better coverage at lower costs than the plans they have now.
whitehouse.gov
Really? My visits to the doctor will help my job situation? Not so much– the last time I went to the doctor, I had to pay him- he wasn’t giving me money- so this might help the Doctor, but not so much myself. The Resident’s logic is flawed- but then it seems that is the case for most liberals, or socialists, or whatever they are now calling themselves- I call them deluded.
Case in point- Robert Reich-someone who is supposed to be intelligent, and he comes off sounding like an idiot.
So why is unemployment and underemployment so high, and why is it likely to remain high for some time? Because, as noted, people who are worried about their jobs or have no jobs, and who are also trying to get out from under a pile of debt, are not going do a lot of shopping. And businesses that don’t have customers aren’t going do a lot of new investing. And foreign nations also suffering high unemployment aren’t going to buy a lot of our goods and services.
And without customers, companies won’t hire. They’ll cut payrolls instead.
Which brings us to the obvious question: Who’s going to buy the stuff we make or the services we provide, and therefore bring jobs back? There’s only one buyer left: The government.
Let me say this as clearly and forcefully as I can: The federal government should be spending even more than it already is on roads and bridges and schools and parks and everything else we need. It should make up for cutbacks at the state level, and then some. This is the only way to put Americans back to work. We did it during the Depression. It was called the WPA.
Yes, I know. Our government is already deep in debt. But let me tell you something: When one out of six Americans is unemployed or underemployed, this is no time to worry about the debt.
robertreich.blogspot.com
Uh, yeah, right- What?! Try saying that, but instead of government, insert the concept of an individual- when an individual is unemployed, now is not the time to worry about the individual’s debt. That doesn’t make sense does it? Neither do his next paragraphs-
When I was a small boy my father told me that I and my kids and my grand-kids would be paying down the debt created by Franklin D. Roosevelt during the Depression and World War II. I didn’t even know what a debt was, but it kept me up at night.
My father was right about a lot of things, but he was wrong about this. America paid down FDR’s debt in the 1950s, when Americans went back to work, when the economy was growing again, and when our incomes grew, too. We paid taxes, and in a few years that FDR debt had shrunk to almost nothing.
robertreich.blogspot.com
Read that slowly, because it offers some insight on liberal progressives- they can’t add. If you start with the debt accumulated during the Depression, in, say 1930- and then jump forward to when Robert says we paid down that debt in the fifties- well, that is twenty years- a generation. So it would be true, despite Robert’s words, that his kids would be paying on that debt.
And that debt is nothing compared to this one- so the Resident wants us to add to the debt by piling on a trillion dollar healthscare plan- once again, I say it- Liberals can’t add, nor apparently should they be entrusted with other people’s money- because they will spend it- extravagantly. Just witness the cost for the “lost” trip to Copenhagen- millions of dollars wasted- and the Resident apparently doesn’t think that is a big deal. What ignorant arrogance.
The Resident could have made a difference- but instead chose to help out his cronies, ACORN, the Unions, and all the rest of the goons that helped him get elected. But he has forgotten one thing- or perhaps it just never occurred to an Ego like his- it is not about him- it is about the people of this country, all the people of this country.
And if the people are pushing back this hard, there is probably a very good reason.
Perhaps he should find out what that reason might be.
I’m just saying.
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Tags: debt, government takeovers, healthcare, idiocy, lies, progressives
Cash For Clunkers- A Simple Minded Scheme
Aug 5, 2009 Political
Well, the one billion dollars allocated for the “Cash for Clunkers” program, a program ostensibly to get inefficient autos off of the street, was supposed to last until October. It lasted four days, as Hussein’s idea to load people up with more debt and begin a cascade effect on our economy has worked even better than the Anti- Christ had hoped.
Just as the home mortgage crisis set off the financial mess we are in, the Resident wants to keep the hurt going, so he can “save” us from ourselves. I want to know just who is a big enough fool to go out and put themselves in debt when they had a car that worked just fine and was paid for? Okay, if your car was old and showing signs of dying, perhaps then, although a brand new car is one of the worst things to buy, as it retains less resale value than almost anything else made in this world.
What this program is really doing is (1)- causing us to accumulate more debt, and (2)- reducing the number of used cars on the car lots, thus reducing our choices of something other than new cars.
It is interesting to note that if the thought was to help out GM and Chrysler, neither of these automakers has one car on the top ten, and seven of the top ten new cars bought with this C4C program were foreign cars, and the top model was a Ford.
Does this scheme remind anyone of Barney Frank’s scheme to get poor people into homes they could not afford? Remember? That was the Genesis for the mess we are in now- and now the Liberals want to do it to us with cars- bury us in debt, so we beg the Resident to save us from repossession.
What’s next? Everyone deserves to have a boat?
Fifty-four percent (54%) of Americans oppose any further funding for the federal “cash for clunkers” program which encourages the owners of older cars to trade them in for newer, more fuel-efficient ones.
A new Rasmussen Reports national telephone survey finds that just 33% of adults think Congress should authorize additional funding to keep the program going now that the original $950 million allocated for it has run out. Thirteen percent (13%) are not sure.
These numbers are virtually identical to the findings in mid-June just after Congress
first approved the plan when 35% favored it while 54% were opposed.
Men favor continuation of the program more than women. African-Americans like it more than whites. Lower-income Americans, not surprisingly, are more supportive of it than those who earn more.
Seventy-three percent (73%) of Republicans and 51% of adults not affiliated with either major party are opposed to continuing the “cash for clunkers” program. Democrats are closely divided over the question.
rasmussenreports.com
The numbers are not good,Hussein- you might want to re- think the whole take over idea. Generally the governments of this world are not run by the village idiot, but in your case, I guess the blind pig did indeed find the ACORN.
So you are going to ” Fundamentally Change America” as we know it. You want to change America from what has made it the greatest nation in the world, to what would lower it to third- world status, because you were taught mindless pap by your college professors and worthless Marxist friends, and you have never been out in the real world enough to know that all of that theory does not work.
The bad part about all of this is that there are a bunch of airheads that think as you do, and really do not care for America and what has made us great- they have grown up with their hippie philosophy, and have never matured in their thoughts since then- their logical development has been retarded, as in “held back” from maturing. I know, I have friends like that, God bless their little liberal hearts.
This is just another thread by which the mental Lilliputians try to tie down the Giant that is America. I have to say that they already have a bunch of threads tying us down, and it is becoming harder and harder to rise from this ridiculous position.
I listen to politicians on the left, and I feel as if they have their own brand of Jabberwocky- speak that makes sense only to the senseless, and I wonder if I have slipped down the rabbithole.
If so, it is time for a tea party.
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Tags: c4c, debt, government takeover, mental midgets, third world mindset
Obama Loses Sleep
Jun 17, 2009 Political
Barack Obama says he loses sleep worrying about the massive US debt. Perhaps he should have been worried about it before he spent a fortune on a plan that has provided little in the way of results. Obama is now saying we have to be responsible but that unemployment will reach 10%. That would be 2% higher than he predicted but he insists things are turning around.
Not as far as I can see.
Perhaps Obama is losing sleep because all his poll numbers except his popularity are tanking. Perhaps he is beginning to realize that his actions were wrong and that running headfirst into a wall was not a smart thing to do. Maybe he is beginning to see that what he is doing might cost him seats in 2010 and his job in 2012.
Bill Maher expressed his dissatisfaction with Obama. If Obama is losing libs like this guy the end might be near.
Even his supporters are beginning to think he is a failure.
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Print This!
Jun 3, 2009 Political
I can’t believe Hussein has the gall to ask for more than six billion more dollars for transportation costs related to ongoing projects, simply because the federal gasoline taxes won’t cover the bill. This is due mostly to the economic decline that his party began, but he apparently doesn’t know this, because he has never held a real job, where he had to adhere to a budget, or be responsible for employees under his watch.
It’s no wonder that he thinks that all he has to do is print more money, despite warnings from the Chinese, for whom debt is a serious obligation. Somehow this hasn’t translated into anything Hussein has yet to understand, hence the request for more money.
” We’ll just print it, the Chinese were just kidding, besides I am Barak Hussein Obama and I transcend all- They will bow before me soon.” It would sure seem that these must be his thoughts- because what he is doing isn’t rational, in the least.
The Obama administration is warning lawmakers that the trust fund that pays for highway construction will go broke in August unless Congress approves an infusion of as much as $7 billion.
Sen. Barbara Boxer, chairman of the Senate Environment and Public Works Committee, said at a hearing Tuesday that the administration has told senators the Federal Highway Trust Fund will need an estimated $5 billion to $7 billion to keep current construction projects going.
The California Democrat said another $8 billion to $10 billion will be needed to keep the fund solvent through the year ending Sept. 30, 2010.
Transportation Department spokeswoman Jill Zuckman confirmed those figures.
“The administration is working closely with Congress to solve this difficult problem and ensure that states have the resources they need to maintain our roads and highways,” Zuckman said.
chron.com
I want to speak for a minute about the state’s role in roads and transportation. The federal government has, through the years, insidiously slithered into the states’ domain, by offering first money for assistance, but then insisting on control of the projects. This is wrong- I might see that the Interstate system could be federalized, as it assists in interstate commerce, but state roads should be state controlled, with absolutely NO federal interference.
The states know best what suits their states needs than the Feds do, and that is just a logical fact, not to mention that this interference violates the Tenth Amendment regarding States Rights. Still, that hasn’t stopped them before.
Now, here comes a tax increase- yet another, on top of all the other tax increases that liberal socialists say are not true- and this “non-existent” tax increase will hurt the poor the most.
The law that authorizes federal highway programs is due to expire at the end of September, but the issue hasn’t been on Congress’ front burner. There is a consensus among transportation experts and lawmakers that there will have to be some form of a tax increase — always unpopular, but especially so in a recession — to make up for the lower gas tax revenues and to address a backlog of crumbling and congested highways, bridges and public transit systems.
Two congressionally mandated commissions have called for an immediate increase in the gas tax. The first commission, which issued its report in early 2008, recommended a 40-cent per gallon hike. The second panel, which issued its report earlier this year, recommended the tax be increased 10 cents per gallon for gas and 15 cents per gallon for diesel, and that both be indexed to inflation.
The two panels also said fuel taxes are not a sustainable source of revenue over the long term as drivers shift to more fuel efficient vehicles. Both panels recommended Congress find a new revenue source to pay for highway and transit programs.
chron.com
And guess how the new way these brainiacs are going to choose to tax us on fuel as our vehicles begin to be more fuel efficient? Ooohhhh, wait for the tingle down your leg- they want to track your mileage, and probably also track your whereabouts. Big Brother Hussein, oh Boy! I can hardly wait.
Their top recommendation was to tax motorists based on how many miles they drive. That would require equipping cars and trucks with devices that use GPS technology to record not only how many miles the vehicle was driven, but whether the driving occurred on interstate highways or secondary roads and whether it was during peak travel periods. The device would calculate the amount of tax owed and the bill could be downloaded.
A mileage-based tax system would take about 10 years to implement.
chron.com
Yea, I am sure that this is NOT the Change most of the people voted for. I think it is probably fortunate for Hussein that fewer people are reading the papers these days. This way he might be able to fool the people long enough to shackle the people with GPS monitoring of their cars , then their person- who knows how far this could go.
And still the liberal socialists will excuse their exalted leader for destroying this country.
They have Brains You Don’t Use. That should be their real slogan.
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Tags: debt, energy, government intrusion, responsibility, sanity, state's rights