Tea Party Power to Solve the Debt Problem
by Larry Kudlow at Townhall.com
The New York Times ran a front-page story this week called “Party Gridlock in Washington Feeds New Fear of a Debt Crisis.” As usual, they got it wrong. Instead, the headline should have read, “After Scott Brown’s Astonishing Senate Win in Massachusetts, New Political Gridlock in Washington Could Spell the End of the Liberal Crack-Up We Have Witnessed over the Past Year.”
In fact, gridlock in Washington is good, since it will stop the assault of big government until the end of the year when Congress could be overturned by independents, tea partiers, Republicans, and probably some Democrats as well. Just take a look at the high spirits at the CPAC convention, where tea partiers are reinvigorating conservatives and Republicans.
So let’s take this momentum forward by using it to drain any remaining power from the extravagant spending-and-borrowing assault in Democratic Washington. And let’s especially use this tea-party power to stop Democratic plans for another round of broad-based tax increases.
Take, for example, Obama’s new deficit commission. It’s a bad idea. This commission is a fig leaf to cover up President Obama’s out-of-control budget. It’s a Trojan horse for tax hikes, especially a VAT that would engulf the middle class with up to a 15 percent tax rate on the sale of goods and services. Obama is getting ready to move his lips on the pledge not to raise middle-class taxes. Congressional Republicans must not let him do this.
Here’s the real problem: The Obama budget would take federal spending as a fraction of the economy to 25 percent, roughly a $1 trillion additional spending increase in the out-years. Publicly held federal debt would climb about $18.5 trillion by 2020, more than double what Mr. Obama inherited, rising to almost 80 percent of the economy.
Rather than tax hikes, I say stop the spending. Outside of defense and entitlements, why not roll back the discretionary budget to 2008?
…More
More “Chains you can believe in”
Last week we told you about the drastic increase in individual tax receipts included in President Obama’s proposed budget. This week we dug a little deeper and found more interesting numbers the President isn’t mentioning in his rhetoric.
The following charts relate data from the White House Office of Management and Budget’s Summary Tables for Obama’s proposed budget.
Last month, Democrats in the US Senate voted to raise the national debt limit to $14.3 TRILLION–a 15% increase over the current $12.4 TRILLION. But the following two charts show President Obama plans on many more such increases over the next 10 years. In fact, his budget anticipates the national debt will grow to almost $25 TRILLION by the year 2020. Even worse, his plans include taking on more debt than the total output of the economy by 2013! The debt to GDP ratio stood at 83% last year, but the economic genius residing in the White House intends to take it to 105% by the end of the next decade!
It’s also obvious from the preceding charts that President Obama’s talk of cutting the deficit is nothing more than hollow rhetoric. President Bush’s last deficit was around $450 billion. Obama is projecting the smallest deficit over the next 10 years to be more than $700 billion. And his budget predicts a return to TRILLION DOLLAR DEFICITS by 2020!
What’s worse, his projections depend on drastic increases in taxes and extremely optimistic growth in GDP. So the actual numbers are very likely to be worse than he’s predicting.
Another great graphic that points out just how dishonest the President’s rhetoric is comes via The Heritage Foundation. They’ve put together the following chart that shows the difference in OMB’s projections and the Congressional Budget Office’s baseline. The most interesting thing about this comparison is the fact the CBO’s baseline projections are based on current policies and laws, while the President’s projections take into effect his proposed changes in those policies and laws.
In other words, if Obama would leave things as they are, we could expect the CBO’s numbers to be right. But the chart below shows his proposed changes will actually INCREASE the deficit in every one of the next 10 years!
For the President to attempt to sell his budget as one that cuts the deficit is nothing less than outright deceit! The yoke of debt each and every one of us is burdened with becomes heavier with every word Obama reads off his teleprompter.
The National Debt Clock estimates every man, woman and child in the US currently shoulders a share of the National Debt equal to $40,128.80. Assuming the Debt Clock’s estimate of the current US population is accurate, and an annual population growth rate of 3% over the next 10 years, each citizen’s share of the National Debt will grow to $64,182.19 under Obamanomics by 2020.
Obama promised “Hope & Change” on the campaign trail. But his changes are destroying hope and binding us with chains of debt!
Suddenly, Blanche Lincoln (D-AR) remembers her constituents
For the past year, Senator Lincoln has sucked up to President Obama and Harry Reid, voting for Obama’s $787 trillion “Porkulus” bill, his budget that set a record $1.4 trillion deficit (TRIPLING THE OLD RECORD!), and casting several yea votes in the dead of night and even on Christmas Eve to help the Senate pass Harry Reid’s version of Obamacare. Lincoln’s Arkansas constituents wanted none of these, and let the Senator know it.
She ignored them. Lincoln even went so far as to not answer phones on days when important votes were taking place. It took intense negative pressure for the Senator to agree to meet with constituents during the Senate’s August recess last year, and then she made every effort to meet with the few handpicked supporters of the health care legislation and leave out any who opposed her desire for the government run health care system.
By November, she had chosen to stand on the fence for a while to appear deliberative and responsive to the chorus of criticism being leveled from every corner of Arkansas. In the end, she proved that she had always had her mind made up to vote with Obama and Reid. In the face of uncountable calls, emails, and faxes from constituents demanding she vote against Reid’s version of Obamacare, Lincoln cast her vote with the tyrannical Democrats running the White House and Capitol instead of voting for those she supposedly represents.
Now that it’s an election year, she suddenly remembers that she represents folks back home, especially Arkansas’ farmers. Here’s the text of her latest mass email to constituents:
Earlier today, President Obama released his budget proposal for Fiscal Year 2011. As Chairman of the U.S. Senate Committee on Agriculture, Nutrition and Forestry, I am opposed to cuts to programs important to agriculture and rural communities. Throughout my Senate career, I have been a strong, independent voice for Arkansas’s agricultural producers. Now, as Chair of the Senate Agriculture Committee, I am standing up for farmers and ranchers and all of rural America once again by opposing cuts that will harm the hard-working men and women who are the backbone of our rural economy.
Put simply, the President’s proposal picks winners and losers. By targeting policies that rural America relies upon, this proposal places a disproportionate burden on the backs of farmers and rural communities. While I too believe we must reduce the federal deficit, we must all share in this responsibility.
In 2008, I worked hard to pass a five-year farm bill that was fiscally responsible. This bill contained over $4 billion worth of cuts to farm programs, was completely paid for and did not contribute to the deficit. The Farm Bill is a contract with our farmers that they depend on to make business decisions. Changing the rules in the middle of the game would be detrimental to their operations and would cost us even more jobs in rural America.
I thank the President for his recommendations, but Congress writes the budget. I intend to support measures to reduce the deficit but fight many of the President’s proposed cuts that will harm farmers, ranchers and rural communities.
What Lincoln means is now that it’s an election year, I have to stand up for my constituents or I’m guaranteed to lose the election. She’s banking on the long-standing assumption of DC politicians that constituents have short memories. The Senator believes her constituents won’t remember her giving them the finger throughout 2009, if she strokes them behind the ears for the next 9 months.
She’s right the President’s budget picks winners and losers. Just like the “Porkulus” bill, his takeovers of private industry, and his last year’s budget that Lincoln voted for. Now that it’s an election year she can’t bring herself to support his obvious bias that benefits blue states and punishes red states.
Only because it’s an election year!
Don’t be fooled Arkansas. Senator Lincoln will try to appear to address your concerns from now until November. If she’s re-elected, she’ll be right back in the laps of Obama and Reid.
Take a Good Look…
…at what President Obama has done to the national debt.
And it doesn’t matter how many times he repeats the lie that his Obamacare will not add to the deficit, it will unless he breaks another promise not to raise taxes on the middle class. The non-partisan Congressional Budget Office has already pointed out it will. And the scary thing is that so many are still on board with this plan that promises rationed care, government control, the death of the private insurance companies, taxpayer funded abortions, a new Health Care Czar with as yet to be determined powers over our very lives, and new direct government access to our bank accounts. Even 40% supporting such a plan is too much and it means we’ve got to work much harder to convince the last holdouts.
Here’s the link to the Heritage Foundation article where I found this chart.
PAYGO won’t mean a balanced budget
Original post on Boot Berry
What would you call a Congressman who voted for a bill that led to the US being on the hook for nearly $24 TRILLION, then voted to spend billions more on the two most inefficient American auto companies, then voted to spend another $787 billion on a stimulus plan that didn’t stimulate the economy, then voted for a federal budget that QUADRUPLED the deficit in just one year, and after all that, claimed to be a fiscal conservative?
Hypocrite seems to fit the bill.
After voting for all the irresponsible spending noted above, last week I received an email from Berry titled “Join me in my support of PAYGO.” Just in case you don’t know, PAYGO is the short, misleading name for HR 2920 that passed the US House on July 22 of this year. The name of course leads one to believe this bill will force Congress to pass a balanced budget every year once it becomes law. So you may be asking yourself why would we have a problem with it?
It’s simple. This bill DOES NOT force Congress to pass a balanced budget. It’s nothing more than a typical Washington con job, intentionally designed to fool the American people. Marion Berry and his Democratic colleagues expect you to see the title and read no more. They don’t expect you to read the bill and they don’t expect you to look back to the previous grossly irresponsible, wasteful votes listed above.
But we did read the bill and the Democratic hypocrisy is more blatant than we could have even imagined. After pages and pages of lawyer language demanding the return of fiscal responsibility in DC, we arrived at the final section of the bill. Section 11 is titled “Exemptions” and as its name implies, it enumerates all the government programs the DC swindlers can continue to spend more money than we have on. Now, if you want to read them all, you’re going to be here a while.
Here’s a list of programs that the government will still be able to spend more than it takes in on, even if this supposed “PAYGO” legislation becomes law. This list just makes the hypocrisy of Berry and the rest of the DC Democrats as obvious as the nose on your face.
- ‘Activities resulting from private donations, bequests, or voluntary contributions to the Government.
- ‘Activities financed by voluntary payments to the Government for goods or services to be provided for such payments.
- ‘Administration of Territories, Northern Mariana Islands Covenant grants (14-0412-0-1-808).
- ‘Advances to the Unemployment Trust Fund and Other Funds (16-0327-0-1-600).
- ‘Black Lung Disability Trust Fund Refinancing (16-0329-0-1-601).
- ‘Bonneville Power Administration Fund and borrowing authority established pursuant to section 13 of Public Law 93-454 (1974), as amended (89-4045-0-3-271).
- ‘Claims, Judgments, and Relief Acts (20-1895-0-1-808).
- ‘Compact of Free Association (14-0415-0-1-808).
- ‘Compensation of the President (11-0209-01-1-802).
- ‘Comptroller of the Currency, Assessment Funds (20-8413-0-8-373).
- ‘Continuing Fund, Southeastern Power Administration (89-5653-0-2-271).
- ‘Continuing Fund, Southwestern Power Administration (89-5649-0-2-271).
- ‘Dual Benefits Payments Account (60-0111-0-1-601).
- ‘Emergency Fund, Western Area Power Administration (89-5069-0-2-271).
- ‘Exchange Stabilization Fund (20-4444-0-3-155).
- ‘Federal Deposit Insurance Corporation, Deposit Insurance Fund (51-4596-4-4-373).
- ‘Federal Deposit Insurance Corporation, FSLIC Resolution Fund (51-4065-0-3-373).
- ‘Federal Deposit Insurance Corporation, Noninterest Bearing Transaction Account Guarantee (51-4458-0-3-373).
- ‘Federal Deposit Insurance Corporation, Senior Unsecured Debt Guarantee (51-4457-0-3-373).
- ‘Federal Housing Finance Agency, Administrative Expenses (95-5532-0-2-371).
- ‘Federal Payment to the District of Columbia Judicial Retirement and Survivors Annuity Fund (20-1713-0-1-752).
- ‘Federal Payment to the District of Columbia Pension Fund (20-1714-0-1-601).
- ‘Federal Payments to the Railroad Retirement Accounts (60-0113-0-1-601).
- ‘Federal Reserve Bank Reimbursement Fund (20-1884-0-1-803).
- ‘Financial Agent Services (20-1802-0-1-803).
- ‘Foreign Military Sales Trust Fund (11-8242-0-7-155).
- ‘Hazardous Waste Management, Conservation Reserve Program (12-4336-0-3-999).
- ‘Host Nation Support Fund for Relocation (97-8337-0-7-051).
- ‘Internal Revenue Collections for Puerto Rico (20-5737-0-2-806).
- ‘Intragovernmental funds, including those from which the outlays are derived primarily from resources paid in from other government accounts, except to the extent such funds are augmented by direct appropriations for the fiscal year during which an order is in effect.
- ‘Medical Facilities Guarantee and Loan Fund (75-9931-0-3-551).
- ‘National Credit Union Administration, Central Liquidity Facility (25-4470-0-3-373).
- ‘National Credit Union Administration, Corporate Credit Union Share Guarantee Program (25-4476-0-3-376).
- ‘National Credit Union Administration, Credit Union Homeowners Affordability Relief Program (25-4473-0-3-371).
- ‘National Credit Union Administration, Credit Union Share Insurance Fund (25-4468-0-3-373).
- ‘National Credit Union Administration, Credit Union System Investment Program (25-4474-0-3-376).
- ‘National Credit Union Administration, Operating fund (25-4056-0-3-373).
- ‘National Credit Union Administration, Share Insurance Fund Corporate Debt Guarantee Program (25-4469-0-3-376).
- ‘National Credit Union Administration, U.S. Central Federal Credit Union Capital Program (25-4475-0-3-376).
- ‘Office of Thrift Supervision (20-4108-0-3-373).
- ‘Panama Canal Commission Compensation Fund (16-5155-0-2-602).
- ‘Payment of Vietnam and USS Pueblo prisoner-of-war claims within the Salaries and Expenses, Foreign Claims Settlement account (15-0100-0-1-153).
- ‘Payment to Civil Service Retirement and Disability Fund (24-0200-0-1-805).
- ‘Payment to Department of Defense Medicare-Eligible Retiree Health Care Fund (97-0850-0-1-054).
- ‘Payment to Judiciary Trust Funds (10-0941-0-1-752).
- ‘Payment to Military Retirement Fund (97-0040-0-1-054).
- ‘Payment to the Foreign Service Retirement and Disability Fund (19-0540-0-1-153).
- ‘Payments to Copyright Owners (03-5175-0-2-376).
- ‘Payments to Health Care Trust Funds (75-0580-0-1-571).
- ‘Payment to Radiation Exposure Compensation Trust Fund (15-0333-0-1-054).
- ‘Payments to Social Security Trust Funds (28-0404-0-1-651).
- ‘Payments to the United States Territories, Fiscal Assistance (14-0418-0-1-806).
- ‘Payments to trust funds from excise taxes or other receipts properly creditable to such trust funds.
- ‘Payments to widows and heirs of deceased Members of Congress (00-0215-0-1-801).
- ‘Postal Service Fund (18-4020-0-3-372).
- ‘Radiation Exposure Compensation Trust Fund (15-8116-0-1-054).
- ‘Reimbursement to Federal Reserve Banks (20-0562-0-1-803).
- ‘Salaries of Article III judges.
- ‘Soldiers and Airmen’s Home, payment of claims (84-8930-0-7-705).
- ‘Tennessee Valley Authority Fund, except nonpower programs and activities (64-4110-0-3-999).
- ‘Tribal and Indian trust accounts within the Department of the Interior which fund prior legal obligations of the Government or which are established pursuant to Acts of Congress regarding Federal management of tribal real property or other fiduciary responsibilities, including but not limited to Tribal Special Fund (14-5265-0-2-452), Tribal Trust Fund (14-8030-0-7-452), White Earth Settlement (14-2204-0-1-452), and Indian Water Rights and Habitat Acquisition (14-5505-0-2-303).
- ‘United Mine Workers of America 1992 Benefit Plan (95-8260-0-7-551).
- ‘United Mine Workers of America 1993 Benefit Plan (95-8535-0-7-551).
- ‘United Mine Workers of America Combined Benefit Fund (95-8295-0-7-551).
- ‘United States Enrichment Corporation Fund (95-4054-0-3-271).
- ‘Universal Service Fund (27-5183-0-2-376).
- ‘Vaccine Injury Compensation (75-0320-0-1-551).
- ‘Vaccine Injury Compensation Program Trust Fund (20-8175-0-7-551).
- ‘(B) The following Federal retirement and disability accounts and activities shall be exempt from reduction under any order issued under this part:
- ‘Black Lung Disability Trust Fund (20-8144-0-7-601).
- ‘Central Intelligence Agency Retirement and Disability System Fund (56-3400-0-1-054).
- ‘Civil Service Retirement and Disability Fund (24-8135-0-7-602).
- ‘Comptrollers general retirement system (05-0107-0-1-801).
- ‘Contributions to U.S. Park Police annuity benefits, Other Permanent Appropriations (14-9924-0-2-303).
- ‘Court of Appeals for Veterans Claims Retirement Fund (95-8290-0-7-705).
- ‘Department of Defense Medicare-Eligible Retiree Health Care Fund (97-5472-0-2-551).
- ‘District of Columbia Federal Pension Fund (20-5511-0-2-601).
- ‘District of Columbia Judicial Retirement and Survivors Annuity Fund (20-8212-0-7-602).
- ‘Energy Employees Occupational Illness Compensation Fund (16-1523-0-1-053).
- ‘Foreign National Employees Separation Pay (97-8165-0-7-051).
- ‘Foreign Service National Defined Contributions Retirement Fund (19-5497-0-2-602).
- ‘Foreign Service National Separation Liability Trust Fund (19-8340-0-7-602).
- ‘Foreign Service Retirement and Disability Fund(19-8186-0-7-602).
- ‘Government Payment for Annuitants, Employees Health Benefits (24-0206-0-1-551).
- ‘Government Payment for Annuitants, Employee Life Insurance (24-0500-0-1-602).
- ‘Judicial Officers’ Retirement Fund (10-8122-0-7-602).
- ‘Judicial Survivors’ Annuities Fund (10-8110-0-7-602).
- ‘Military Retirement Fund (97-8097-0-7-602).
- ‘National Railroad Retirement Investment Trust (60-8118-0-7-601).
- ‘National Oceanic and Atmospheric Administration retirement (13-1450-0-1-306).
- ‘Pensions for former Presidents (47-0105-0-1-802).
- ‘Postal Service Retiree Health Benefits Fund (24-5391-0-2-551).
- ‘Public Safety Officer Benefits (15-0403-0-1-754).
- ‘Rail Industry Pension Fund (60-8011-0-7-601).
- ‘Retired Pay, Coast Guard (70-0602-0-1-403).
- ‘Retirement Pay and Medical Benefits for Commissioned Officers, Public Health Service (75-0379-0-1-551).
- ‘Special Benefits for Disabled Coal Miners (16-0169-0-1-601).
- ‘Special Benefits, Federal Employees’ Compensation Act (16-1521-0-1-600).
- ‘Special Workers Compensation Expenses (16-9971-0-7-601).
- ‘Tax Court Judges Survivors Annuity Fund (23-8115-0-7-602).
- ‘United States Court of Federal Claims Judges’ Retirement Fund (10-8124-0-7-602).
- ‘United States Secret Service, DC Annuity (70-0400-0-1-751).
- ‘Voluntary Separation Incentive Fund (97-8335-0-7-051).
- ‘(2) Prior legal obligations of the Government in the following budget accounts and activities shall be exempt from any order issued under this part:
- ‘Biomass Energy Development (20-0114-0-1-271).
- ‘Check Forgery Insurance Fund (20-4109-0-3-803).
- ‘Credit liquidating accounts.
- ‘Credit reestimates.
- ‘Employees Life Insurance Fund (24-8424-0-8-602).
- ‘Federal Aviation Insurance Revolving Fund (69-4120-0-3-402).
- ‘Federal Crop Insurance Corporation Fund (12-4085-0-3-351).
- ‘Federal Emergency Management Agency, National Flood Insurance Fund (58-4236-0-3-453).
- ‘Federal Home Loan Mortgage Corporation (Freddie Mac).
- ‘Federal National Mortgage Corporation (Fannie Mae).
- ‘Geothermal resources development fund (89-0206-0-1-271).
- ‘Low-Rent Public Housing–Loans and Other Expenses (86-4098-0-3-604).
- ‘Maritime Administration, War Risk Insurance Revolving Fund (69-4302-0-3-403).
- ‘Natural Resource Damage Assessment Fund (14-1618-0-1-302).
- ‘Overseas Private Investment Corporation, Noncredit Account (71-4184-0-3-151).
- ‘Pension Benefit Guaranty Corporation Fund (16-4204-0-3-601).
- ‘San Joaquin Restoration Fund (14-5537-0-2-301).
- ‘Servicemembers’ Group Life Insurance Fund (36-4009-0-3-701).
- ‘Terrorism Insurance Program (20-0123-0-1-376).
- ‘(h) Low-income Programs- The following programs shall be exempt from reduction under any order issued under this part:
- ‘Academic Competitiveness/Smart Grant Program (91-0205-0-1-502).
- ‘Child Care Entitlement to States (75-1550-0-1-609).
- ‘Child Enrollment Contingency Fund (75-5551-0-2-551).
- ‘Child Nutrition Programs (with the exception of special milk programs) (12-3539-0-1-605).
- ‘Children’s Health Insurance Fund (75-0515-0-1-551).
- ‘Commodity Supplemental Food Program (12-3507-0-1-605).
- ‘Contingency Fund (75-1522-0-1-609).
- ‘Family Support Programs (75-1501-0-1-609).
- ‘Federal Pell Grants under section 401 Title IV of the Higher Education Act.
- ‘Grants to States for Medicaid (75-0512-0-1-551).
- ‘Payments for Foster Care and Permanency (75-1545-0-1-609).
- ‘Supplemental Nutrition Assistance Program (12-3505-0-1-605).
- ‘Temporary Assistance for Needy Families (75-1552-0-1-609).’
- (d) Economic Recovery Programs- Section 255 of BBEDCA is amended by adding the following after subsection (h):
- ‘(i) Economic Recovery Programs- The following programs shall be exempt from reduction under any order issued under this part:
- ‘All programs enacted in, or increases in programs provided by, the American Recovery and Reinvestment Act of 2009.
- ‘Exchange Stabilization Fund-Money Market Mutual Fund Guaranty Facility (20-4274-0-3-376).
- ‘Financial Stabilization Reserve (20-0131-4-1-376).
- ‘GSE Mortgage-Backed Securities Purchase Program Account (20-0126-0-1-371).
- ‘GSE Preferred Stock Purchase Agreements (20-0125-0-1-371).
- ‘Office of Financial Stability (20-0128-0-1-376)
- ‘Special Inspector General for the Troubled Asset Relief Program (20-0133-0-1-376).
- ‘Troubled Asset Relief Program Account (20-0132-0-1-376).
- ‘Troubled Asset Relief Program Equity Purchase Program (20-0134-0-1-376).
- ‘Troubled Asset Relief Program, Home Affordable Modification Program (20-0136-0-1-604).’
With all of these “exemptions,” does anybody really believe this bill will provide for a balanced budget? This is a typical Berry tactic. In the months leading up to an election, Berry dons a conservative hat. As soon as he’s elected, or his liberal Democratic colleagues need his vote, he’s all too willing to turn on his conservative Arkansas constituents.
Don’t let him fool you. Berry’s no fiscal conservative.
What about transparency Mr. President?
Sometimes I think the President and his cohorts must think the words transparent and opaque are synonyms. It’s so often they practice the latter and claim the former they must be truly confused. Another case in point leapt out at me today as I perused the headlines.
We (conservatives) are making progress in our campaign to keep the government’s hands off our health care. Reuters is reporting public support for Obama’s plan for a government-run system is eroding. In April, 57% of adults polled supported the President’s reform plan. Today, less than half–49%–believe another government bureaucracy is needed to make our health care system more efficient and less costly. The number of Americans who disapprove of such a mess has risen from 29% to 44% since April.
For those of us who don’t want to see the health care system run by the same crowd who runs Social Security, Medicare, the Post Office, and the TSA’s airport security, this is great news. Support is slipping for Obama’s plan to seize control of another 1/6 of the American economy!
What’s the White House response to the faltering support? I’ll give you a hint. It’s the opposite of transparency!
An AP story released today with the too benign headline “White House Putting Off Release of Budget Update.” Buried inside one discovers this report is typically released around the middle of July. But Obama has decided to delay it’s release until the middle of next month. Why?
Let’s see, that will be after his deadline for Congress to pass his Socialized Medicine plan. After Congress leaves for its August recess.
The release of the update — usually scheduled for mid-July — has been put off until the middle of next month, giving rise to speculation the White House is delaying the bad news at least until Congress leaves town on its August 7 summer recess.
Unemployment is rising faster than the President predicted, the deficit is rising faster than he said it would, and the economy wasn’t stimulated by his so-called “stimulus” package. You can bet if this budget report contained good news, the White House would release it as quickly as possible to counter so much bad news. But instead, it’s being pushed back while Obama continues his propaganda campaign to create another monstrous bureaucracy to distribute health care in America. Why?
Because it’s bad news and it won’t complement his propaganda on health care reform! He’s hiding it because he knows it will impede his campaign to have the government decide which sick Americans get to go to the doctor, which surgery will benefit a patient enough to justify its cost, which patients are too old to receive life-saving treatments because some bureaucrat determines the cost-benefit ratio just isn’t there to perform costly treatments on someone who’s old enough they could die anyday from natural causes.
Obama’s idea of transparency is a blacked-out window. Write and call the White House and tell them we want to see the damned report NOW!
Feel free to copy and paste the text of my written submission to the White House or create your own:
I just read that your administration is delaying release of a budget report that is sure to include worse than your projected figures on the deficit and the state of the economy. I recognize this as a delaying tactic in your propaganda campaign to socialize the health care system of this country.
Your strategy in this case is precisely opposite of transparent. In fact it’s downright deceptive.
Release the report on time and be honest with the American people!
White House Phone NumbersComments: 202-456-1111
|
Patients First – Vote No on Government Run Health Care — Sign the Petition
John Allison III
Cabot, AR
US |
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The California Albatross
by Meredith Turney on Townhall.com
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Now he wants to be responsible?
Then-Senator Obama voted for the $700 billion bank bailout
Then-President-elect Obama called the Bush bailout of GM and Chrysler a necessity.
President Obama then rushed the massive, pork-laden $787 billion “stimulus” package through Congress.
President Obama then followed his “stimulus” package with a $3.4 trillion budget that rocketed the federal deficit to $1.8 trillion, four times last year’s record.
President Obama has demanded Congress complete work on his health care reform plan, that nobody can accurately calculate the cost for, by August.
President Obama also sunk more billions of taxpayer dollars into the two failed American auto manufacturers in a Socialist venture that’s more than likely going to cost billions more.
This President has, without a doubt, proven himself the most fiscally irresponsible leader of the free world in history. And he’s achieved all of that in his first 5 months in office.
Then today, unbelievably, this same not-quite-a-closet Socialist had the audacity to suggest we adhere to a pay-as-you-go policy because that’s the responsible thing to do. What does this man know about fiscal responsibility? From everything he’s done in his first months on the job, the answer is obvious. Nothing.
He must really believe the American people are drooling fools, willing to believe anything he says, regardless of his actions. He and his team have proven themselves to be economic illiterates and/or outright thieves. Thieves of future generations’ ability to avail themselves of the opportunity to realize the American dream. If his overly optimistic projections of returns on his spending squandering of citizens’ cash had come from a fortune cookie or a 900-number psychic, they’d likely be more realistic. He has placed a yoke across the shoulders of the American taxpayers, their children, and grandchildren that will act as an anchor as they try to eke out a living as his piles of newly printed money become worth less and less. And what have we gained?
The President claims to have “saved or created” 150,000 jobs over the same period when more than 3 million have joined the ranks of the unemployed. He recently promised to create 600,000 more “stimulus” jobs over the summer, but more and more are laid off. The President’s projected peak for the unemployment rate has already been surpassed and may yet get worse, but the MSM refuses to press Obama or his press secretary Robert Gibbs when they throw out such numbers and the administration has yet to explain exactly how they arrived at their figures.
The reality is Obama’s “stimulus” failed to stimulate the economy. His idea that frivolous government spending could create jobs proved flawed. The American people were duped into paying for the Left’s liberal agenda to socialize the American economy by the smooth-talking, teleprompter-dependent Chicago shyster and his Democratic cohorts in the House and Senate. And still he demands more.
And at the same time tells us he now wants responsibility. If you believe that, you’re probably in the market for some beach front property in Arizona.
Budget Deficit Keeps Climbing
It’s been said before that the administration used extremely optimistic projections when selling its budget to Congress and the American people. The liberal Democrats forced us to swallow the $3.4 trillion budget while being told we must endure a $1.7 trillion deficit to save the economy. And I say the Democrats because not one Republican voted for the monstrous spending bill.
Now, less than a month after its passage, the White House is telling us things are more bleak than they predicted. They’re adjusting their numbers because their stimulus plan isn’t working as well as they’d hoped. They’ve injected huge piles of cash into the economy, but the layoffs keep coming. Unemployment has risen to 8.9% this month–a level the White House didn’t expect until at least the end of summer. The fact is, things are getting worse instead of better.
Here’s our first $1.8 trillion deficit folks, about 4 times larger than last year’s–with promises of more to come for the next 4 years!
Budget deficit to top $1.8 trillionBy ANDREW TAYLOR, Associated Press WriterWASHINGTON – With the economy performing worse than hoped, revised White House figures point to deepening budget deficits, with the government borrowing almost 50 cents for every dollar it spends this year.The deficit for the current budget year will rise by $89 billion to above $1.8 trillion — about four times the record set just last year. The unprecedented red ink flows from the deep recession, the Wall St. bailout, the cost of President Barack Obama’s economic stimulus bill, as well as a structural imbalance between what the government spends and what it takes in.As the economy performs worse than expected, the deficit for the 2010 budget year beginning in October will worsen by $87 billion to $1.3 trillion, the White House says. The deterioration reflects lower tax revenues and higher costs for bank failures, unemployment benefits and food stamps.…More |
Sen. Cornyn: On 100th Day Of ‘Change’
Press Release from Sen. Cornyn–4/29/09
Sen. Cornyn: On 100th Day Of ‘Change,’ Democrats Pass Budget Resolution Saddling Nation With Unprecedented Spending, Taxes & DebtU.S. Sen. John Cornyn, a member of the Senate Finance and Budget Committees, issued the following statement regarding his opposition to final passage of the FY10 Budget Resolution, which passed the Senate this evening.“It’s fitting that, on President Obama’s 100th day in office, Democrats would pass his $3.6 trillion budget that taxes, spends and borrows too much. Since his inauguration, Democrats have spent more than $12 billion a day. Their budget will only make the situation worse because it fails to help middle-class families and small businesses – the backbone of our economy. Democratic leaders rejected many bipartisan, common-sense efforts that would have kept taxes low, reduced wasteful spending and protected small businesses. Despite being approved by an overwhelmingly bipartisan group of 82 Senators, an amendment that I offered to protect small businesses from income tax increases was stripped out by Democrats in conference.“Saddling our nation with more debt and setting unprecedented levels of government spending is not the best way forward for our economy. I could not support a budget that puts us on such a destructive path. Forcing a flawed budget through Congress with no Republican support is a far cry from the bipartisanship President Obama promised the American people.”Background on Sen. Cornyn’s amendmentPoint of Order against Tax Increases On Small Businesses.• Sen. Cornyn’s amendment was accepted into the Senate version by a bipartisan vote of 82-16 but was stripped out by Democrat leaders in conference.• The measure would make it more difficult for Congress to impose new and higher taxes on the American people, especially small businesses and middle-class families, by creating a point of order that would require 60 votes in the Senate to pass legislation that increases income taxes.• The National Federation of Independent Business (NFIB) has also voiced its support for Sen. Cornyn’s amendment, citing the need to keep individual tax rates low in order for small businesses to succeed. |