He just doesn’t get it. I guess this shit is par for the course with SCOAMF. The only way this shit is going to change is if we get rid of his ass in 2012 and get rid of the Democrats in both Chambers of Congress. I would include the RINOs in cleaning out Congress. Government needs to shrink, not get bigger. It’s already too big for our own good.
President Obama’s fiscal 2013 budget proposal touts the administration’s recent long-shot mortgage refinancing proposal and says the White House’s increased emphasis on the housing crisis will lead to larger taxpayer losses from a 2008 emergency bailout fund.
The budget, as expected includes a call for broadening the availability of refinancing options for borrowers who are current on their mortgages but owe more than their homes are worth. The administration said it plans to finish doling out unspent funds for housing assistance, which is likely to increase the costs of the emergency financial bailout by $20 billion — something that is likely to generate criticism from Republicans for increasing taxpayer costs.
President Obama is offering his spending blueprint for the next decade — an election-year document that seeks to achieve $4 trillion in deficit reduction through cuts in government spending, higher taxes and inclusion of last year’s debt-ceiling deal for deficit reduction.
At the same time, Obama will ask for substantial spending increases on infrastructure and job training, but will offer few reforms to entitlement programs, which take up 40 percent of the annual federal budget.
Republicans, who are vowing to oppose Obama’s tax increases, have planned several events Monday to counter the president’s release. On Sunday House Budget Committee Chairman Paul Ryan said the president’s proposal is full of gimmicks and does little to reduce the deficit or curb the rapid growth of benefit programs like Medicare.
OBAMA BUDGET: ends Bush tax cuts for top earners, limits their deductions & exemptions, brings back top 39.6% rate
Bottom line…this is all theater since Obama’s budget is Dead on Arrival. Democrats in the Senate don’t want to touch it but Mitch McConnell is trying to bring it up for a vote.
This video fromCAGW says it all when it comes to the tax and spend culture we are currently living through. It will only get worse if we don’t stop the madness now.
Yeah, let’s keep taking from the makers and give to the moochers. That’s a great plan for prosperity! NOT!
We, as a nation, cannot continue to let this happen. Unfortunately, there are fewer and fewer producers and more and more moochers. It may already be too late to right this sinking ship.
“Fifty thousand for what you didn’t plant, for what didn’t grow. That’s modern farming — reap what you don’t sow.”That’s a line from a song about farm subsidies, “Farming The Government,” by the Nebraska Guitar Militia.
But these days it applies to more and more of the U.S. economy, as Charles Sykes points out in his new book, A Nation Of Moochers: America’s Addiction To Getting Something For Nothing.The problem, Sykes points out, is that you can’t run an economy like that. If you tried to hold a series of potluck dinners where a majority brought nothing to the table, but felt entitled to eat their fill, it would probably work out badly. Yet that’s essentially what we’re doing.
In today’s America, government benefits flow to large numbers of people who are encouraged to vote for politicians who’ll keep them coming. The benefits are paid for by other people who, being less numerous, can’t muster enough votes to put this to a stop.
Over time, this causes the economy to do worse, pushing more people into the moocher class and further strengthening the politicians whose position depends on robbing Peter to pay Paul. Because, as they say, if you rob Peter to pay Paul, you can be pretty sure of getting Paul’s vote.
But the damage goes deeper. Sykes writes, “In contemporary America, we now have two parallel cultures: An anachronistic culture of independence and responsibility, and the emerging moocher culture.
This should open your eyes a bit. If you’re not paying attention that is, or you’re a liberal moron, or a RINO.Yes, I’m talking to you idiots in the OWS crowd and their supporters just in case you missed the inference.
When the story of the Department of Energy’s green loan program is written someday, the entire book will be contained in chapter 11:
After months of financial turmoil, an Energy Department-backed lithium ion battery company has filed for Chapter 11 bankruptcy protection.
The company, Ener1, received a $118 million grant from DOE in 2010 as part of the president’s stimulus package. The money, which went to Ener1 subsidiary EnerDel, aimed to promote renewable energy storage battery technology for electrical grid use.
But despite generous federal support for the company, Ener1 was racked by problems last year. In October, NASDAQ delisted the company due to non-compliance with Securities and Exchange Commission filing requirements. A month later, the company’s president, chief executive, and top financial officer were fired.
On Thursday, Ener1 announced it will initiate a pre-packaged Chapter 11 bankruptcy plan as part of an agreement to restructure the company’s debt obligations.
The problem? Something the government often fails to take into account when spending tons of other people’s money because they think it can be artificially created later on: Product demand
Just noticed this. Back on the 6th of January, Marco Rubio fired off a scathing letter to Obama in reference to him wanting to raise the debt ceiling yet again. If this were to happen, then America’s debt would be in excess of $16 trillion.
Way to go moron. Add more to the debt, don’t do shit about the spending, stop a jobs project that actually makes sense to do while you’re at it. Obama is a stuttering cluster fuck of a miserable failure. (SCOAMF).
In a scathing letter sent to Barack Obama this morning, Senator Marco Rubio said that under the President’s first term in office, “more and more people have come to believe that America is becoming a deadbeat nation.”
Rubio went on to pledge that he would challenge any further increase in the debt ceiling, arguing that “we [Congress] need to make it routine to actually spend no more than we take in.” In the letter obtained by HUMAN EVENTS, the Florida Senator said that President Obama’s upcoming request to increase the debt ceiling by a whopping $1.2 trillion will cause the nation’s public debt to surpass the $16 trillion mark.
More on that high speed rail to hell in a hand basket. I hope that this gets killed. This state can ill afford another debt like this.
The lying assholes behind this have been found out and the public isn’t going to put up with it.
“Nobody spends somebody else’s money as carefully as he spends his own. Nobody uses somebody else’s resources as carefully as he uses his own. So if you want efficiency and effectiveness, if you want knowledge to be properly utilized, you have to do it through the means of private property.” – Milton Friedman
The CEO and board chair of the California High Speed Rail Authority have resigned in disgrace over erroneous cost projections. A peer-review commission created by the California legislature says the authority’s high-speed rail plan is “not financially feasible.” Surveys show a majority of Democrats, Independents, and Republicans in the state all oppose construction.
Yet the authority’s scheme to build a new rail line capable of moving trains from Los Angeles to San Francisco in two hours and 40 minutes won’t die unless the state legislature kills it. Officially, the authority plans to begin construction by September 2012, despite the fact that it has less than 10 percent of the money it needs to complete the project.
The tide definitely turned against the plan when the authority published a new business plan admitting that estimated inflation-adjusted construction costs had more than doubled from $43 billion to $98.5 billion. Moreover, under the new plan the promised 220-mph trains would not roll until 2033, more than a decade later than voters were promised in 2008.
The authority’s credibility was further reduced when it admitted that the million jobs it promised were really job-years, and that no more than 60,000 jobs would be created at any given time (and even that was probably an exaggeration). These revelations cost the project the editorial support of a number of major papers that had previously endorsed the project.
This is why California is boned. Yeah, let’s keep adding to the debt. Makes perfect sense to me. Oh, and let’s raise the taxes again! And let’s give more free shit to illegal aliens too! That will solve everything.
Daniel Borenstein: Berkeley city manager not unique retiring with bigger pension than salaryBy Daniel BorensteinStaff columnistPosted: 01/07/2012 04:00:00 PM PSTUpdated: 01/09/2012 06:20:35 AM PSTIn November, Berkeley City Manager Phil Kamlarz traded his $250,000-a-year job for retirement with a starting pension of about $266,000 annually.The deal highlights the city’s generous pension program, which is one of the better plans in the state but by no means unique. The costly program is also $420 million underfunded, a shortfall equal to more than three years of city payroll, according to the city’s latest actuarial reports.Kamlarz’s hefty retirement pay was predictable. Three years ago, Mayor Tom Bates successfully persuaded his City Council colleagues to grant the city manager a series of raises to keep him on the job. As Bates pointed out then, Kamlarz could have collected just as much in retirement.The irony was that the raises didn’t solve the problem. Rather, they ensured that Kamlarz’s pension would increase by roughly a like amount whenever he finally walked out the door.As a result, whereas he could have left with a starting annual pension of $219,000 in January 2009, he left at the end of 2011 with 21 percent more a year for the rest of his life. The retirement pay also comes with annual cost-of-living adjustments.
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