Tag Archive for 'budget'

Well, Thank Goodness Obama Created That Debt Commission!

Because without it, how in the world would we know that we’re facing a really serious debt problem?

Yes, COTR readers, the co-chairmen of Obama’s debt and deficit commission have been working hard for months now, over budget in fact, and while they’re not expected to reveal any Actual Recommendations until later this year, they are already delivering GROUNDBREAKING, EARTHSHATTERING NEWS to the American people.

Let me see if I can summarize their findings so far.

The economy sucks right now, and if we’re to have any shred of hope for recovering, we’re going to have to stop spending and increase revenues.

I’m not kidding, you guys.  People are being paid large sums of money to serve on this commission, and they’ve gone OVER BUDGET to tell us THAT.  Hell, Daisy and I have been saying that since we first started this site. At this rate, we’re well on our way to becoming the czars of something.

GAWD.

Democrats Are Officially Pathetic

I mean, seriously. How do they continue to expect to be taken seriously? According to this, a leaked memo has surfaced, the full text of which you can read below, which advises Democratic officials to avoid talking about the text of the CBO score, and instead to basically focus on talking points.


DemHCMemo

Be sure to feast your eyes on paragraph 2 on page 2, where it’s full-on admitted that the doctor fix, not included in the legislation given to CBO to score, would “undermine the reform’s budget neutrality.”

These clowns are shameless.

This Is Fitting.

According to this, Obama has decided to be “agnostic” about raising taxes on families making less than 250k annually. You might recall that at campaign time, cutting taxes on the 95% of folks in that category was like, ALL HE COULD TALK ABOUT.

But apparently, being president is way harder than he thought. And because he’s so used to voting “present” from when he was in the Senate, he’s decided that the best approach now is to simply put this whole economic mess into the hands of a “presidential commission.” I mean, far be it for him to have to make the tough decisions.

Here’s how he explained it in an interview a couple days ago: “The whole point of it is to make sure that all ideas are on the table. So what I want to do is to be completely agnostic, in terms of solutions. What I can’t do is to set the thing (the commission) up where a whole bunch of things are off the table. Some would say we can’t look at entitlements. There are going to be some that say we can’t look at taxes, and pretty soon, you just can’t solve the problem.”

To be fair, there are many people, myself included, who don’t know how in the holy hell we can pay off the monstrous debt Obama’s made for us WITHOUT raising taxes. But you guys will love his explanation for that: “Our real problem is not the spike in spending last year, or the lost, even the lost revenues last year, as significant as those are. The real problem has to do with the fact that there is a just a mismatch between the amount of money coming in and the amount of money going out. And that is going to require some big, tough choices that, so far, the political system has been unable to deal with.”

Didja hear that, townspeople? This isn’t about too much spending or not enough revenue, it’s about a mismatch between the money coming in and the money going out. Surely you recognize the difference.

IS HE FOR REAL? Aren’t those two phrases basically SYNONYMOUS?

I have a suggestion for Obama the next time he interviews. Write some notes on your hand first.

Next In Senator Judd Gregg’s Spanking Spree Line: Peter “Dungeons and Dragons” Orszag

After applying the smackdown on two snippy little MSNBC reporters last week, Judd Gregg is at it again. This time with Obama’s Budget Director, Peter Orszag.

Here’s a nifty little video where he smacks him around for attempting to take TARP funds and instead of paying them back, using them as a personal piggy bank to give them to community banks to lend to small businesses. Of course, this is from CNN, so the newscaster du jour is obviously on the side of Orszag. I mean, that Gregg is just “getting in the face” of the poor little dude. Awww. Sucks for him.

Orszag is kind of like a deer in the headlights as Gregg calls him and the administration out for basically not following the law. I get the impression that, if given the opportunity to get up and sneak out of there, he’d rather just slip away to the AV room for a bit until this Gregg guy stops being a meanie already.

I kind of heart Judd Gregg in this video. You can read the entire transcript of the scolding here.

It just keeps getting better and better, folks…

My Love For Paul Ryan Continues To Grow

I love when Paul Ryan smacks Timmy Geitner around a bit. Actually, I love it when ANYONE smacks Timmy Geitner around a bit, but I especially love this.

Let’s All Look At The Pretty Pictures, Shall We?

You know what I love? Graphs.

Well, most of the time, anyway.

Courtesy of The Republican Caucus Committee of the Budget, there’s an interesting document that says a lot of financial stuff. A lot of economic talk that frankly depresses me a little bit. So, I prefer to just look at the pictures to get to the point quickly. Kind of like ripping off a band-aid.

The gist:
Much like last year, the President’s fiscal year 2011 budget presents a staggering contradiction to his recent rhetorical gestures toward “fiscal restraint.” It continues pursuing a “progressive” ideology that calls for ever-more centralized government control of the economy. It spends too much, taxes too much, and borrows too much – and the result is a growing debt that drains the resources needed for growth and job creation, undermining any pretense of economic “stimulus.” Moreover, the budget adds to an already unsustainable outlook that threatens to overwhelm the budget, smother the economy, and sacrifice the prosperity of future generations. The President’s budget more than doubles the debt; pushes this year’s deficit to a new record of $1.6 trillion; drives spending to a new record of $3.8 trillion in fiscal year 2011; and raises taxes by more than $2 trillion through 2020, under the administration’s own estimates.

Aaaand, the pretty pictures to back it up:

The new Obama budget doubling the debt picture:

The debt that’ll be held by the public picture:

And last but not least, the deficit under democratic budgets picture:

Quick and hopefully a little less painful than what we’ll actually be feeling over the next few years.

Yay fiscal responsibility and that whole control-spending thing!

Yeah, riiiiight.

Priorities.

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So you may have heard that Obama’s budget update is late. It was due basically like now, and it’s not going to come until mid next month, when Congress is on recess, playing on the monkey bars, unable to respond to questions about it. Convenient!

And you know what else Obama is late on? His report on how to deal with those pesky terror suspects. According to this, he had set a deadline of today to release that report, and now his aides are saying that it’s not going to come out for another six months minimum. The report is supposed to be a huge component of Obama’s plan to shut down Guantanamo Bay.

Even so, the Obama aides claim that everything is still on track to shut down in January.

Now, you guys know I’m really bad at math. But isn’t six months from now….JANUARY? Because it seems kinda overly optimistic to me for Obama to be claiming that the report about how to close Gitmo is going to be released the same month as he intends to close Gitmo.

You know what my favorite part of this article is? The fact that the White House downplayed the delay of the report by saying, “We wanted to get this right. We wanted to do this carefully.”

Yeah – I guess the same philosophy doesn’t apply to our entire health care system or $787 billion stimulus packages.

That Accountability Thing Is A Real Bitch…

Obama_Snake_Oil
So, you remember that promise that Obama made to cut $100 million in spending cuts from his cabinet secretaries – in 90 days?

Well, it’s Day 91 – and you may want to sit down for this – The Great One hasn’t done what he said he was going to do.

And, you know what else is interesting in a parallel-like, digging-your-own-grave sort of way? The White House is scheduled for a budget update in mid-July. But wouldn’t you know it – it’s been put on hold by the Obama administration. The speculation is that “the White House is delaying the bad news at least until Congress leaves town Aug. 7 on its summer recess.”

Well, hey there, cowards…

Apparently, the rosy figures they predicted back in February aren’t really so rosy after all. I guess they have to figure out the right semantics to use when putting a fresh spin on the steaming pile of poo that is the economy. The Obama economy.

Aaaaand, to give conservatives even more fuel for the fire, Democrats are banking on the healthcare bill passing. Funny thing about that (besides the fact that it’s socialist monkey crap) is that the “main health care proposals Congress is considering would not reduce costs—as Obama has insisted—but “significantly expand” the federal financial responsibility for health care.”

Really? Say it ain’t so!

Accountability makes me giggle. Well, when I’m not weeping for the future, that is.

Indiana Democrat Leaders SUCK

Hey – remember that day that Daisy and I kissed the governor, and we told you that the House Democrats threw a big hissy fit about letting regular citizens speak at their meeting because they thought it was “staged” by Mitch Daniels’ staffers since an email had been sent out encouraging people to come and support his budget?

Yeah. You may not have heard that those same democrats who threw the hissy fit went ahead and sent out their very own email to their supporters encouraging them to do the very same thing recently. So SURPRISE! Democrats showed hypocrisy. Imagine that!

In today’s news, those same Democrats are quite possibly about to shut our state government down. And it’s because they are so blinded by their own stupid agenda that they can’t see the harm they’re doing. It’s absolutely outrageous. Once again, however, Our Man Mitch has come forward to explain, in no uncertain terms, what a shut-down would look like, and why it’s potentially happening. And you can listen to the audio of his awesomeness here.

For those of you who prefer reading to listening, the unofficial transcript is after the jump.  I am amazed at the level of utter incompetence that the IN Democratic leadership is showing. 

HATE.

Continue reading ‘Indiana Democrat Leaders SUCK’

Ladies And Gentleman: Here Is How To Present A Balanced Budget.

Our friends at Frugal Hoosiers just posted Mitch Daniels’ budget address. Now – I ask you – how do you argue with this? HOW?

I want to hug him.

Surprise!

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Obama’s gotta be feeling pretty smug about now.

According to this, his dreams of growing government at the expense of private industry are being realized.    While the unemploment rate is heading towards double digits, and a record number of folks are collecting unemployment benefits, Obama is growing his government workforce like crazy.

The number of federal employees is about to jump by 15.6 percent in 2010 (two percent if you exclude the temporary census workers).    And, that increase excludes the Defense Department, because, you know, who needs them?  What with all of the hugs and kisses and kumbayah song circles we’re going to be doing with our enemies from now on.

Average pay for a federal worker is a nice comfortable $72,800 currently – but it’s going to jump to $75,419 next year.   So while the rest of the country suffers layoffs and paycuts, we can rest assured that the government employees are doing just fine. 

Phew.  I was worried about them for a second.

The Era Of Dramabama

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I read this great article this morning in the American Thinker.  It basically sums up what I’ve thought for over a year now – Obama is an absolute Drama Queen.  He is a President that could’ve very well been manufactured in Hollywood, and he uses chaos and scare tactics to get people to follow his lead.  It’s that fear – the holy crap, people, we are DOOMED….the WOW, look at what a mess I was left….everything is someone else’s fault, and now I have to swoop in and save the day…I have to save YOU - this underlying attitude and those blatant fear tactics have given him a great deal of followers.  Most of whom want to be saved (from personal responsibility, that is). 

This article discusses the notion that perhaps Mr. Dramabama wants things to actually get worse, which could be indicative of a sort of hero mentality that I absolutely believe he has.  He’s been called the Messiah, after all, so the notion of making things worse actually makes sense to me .  It sets the stage for absolute martyrdom.

The article cites another writer who agrees with this theory:

Andrew McCarthy of National Review Online seems to be arguing a similar case: “… the more (investment) value the Obama administration and the Democrat Congress destroy – their demagoguery and fiscally insane policies eviscerating the very tax base needed to pay for their exploding liabilities – the more control they get.”  

So, what is the proof of the drama?  The article lists five main reasons that Dramabama may be a chaos-cuddler:
1.  The whole, “never waste a crisis” thing.  Um, duh.
2.  The ridiculous spendiddlydimulus, the “O” budget, and the blatant robbing of our children and grandchildren’s piggy banks that are collectively making our dollar less appealing to everyone else in the world.
3.  “Inappropriate giggling.”  This can be translated to, simply, Dramabama is smug.  Nervous laughing may be O.K. for the average shmuck, but you’re the President.  Giggling over the pending doom about which you have preached seems a little, well, Paris Hilton’esque to me.  It’s only been a bit over 100 days, and I’m supposed to be sympathetic to your cracking under pressure?  Really?
4.  “Spreading alarm and scapegoating during a time of crisis.”  The finger-pointing thing.  I mean, you can only campaign for so long, dude.  And blame, blame, blame.  Eventually, you have to get in there and take responsibility for what YOU’RE doing.
5.  “Incompetence or worse in foreign affairs.”  I was listening to some comedy channel on XM the other day, and the comedian was making a joke about Obama’s limited national security experience, saying, “well, he played RISK in high school a few times…”  As for foreign affairs, many world leaders are still riding the fence as to whether or not they think Obama is full of crap – or if he’s just being dramatic, one would assume… 
So there you go. 
Oh, and save the drama for Obama.

The Dow Hates Obama

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And honestly, why WOULDN’T it?  Everything that Obama has done in just the few weeks he’s been in office has been bad for business.

Yes, Obama inherited a recession.  A recession that we were slowly crawling our way out of until he took office.   Remember January?  On the 2nd, the Dow was at 9034.  Today?  6726.  Keep in mind, NOTHING EARTH SHATTERING HAPPENED between January 2 and today, except for Obama taking the oath, making a whole bunch of emotional saps cry, and dancing to “At Last” like 17 times with Michelle and her bare arms at various galas and balls.  So how do you explain the drop?  Easy!

Obama is slowly making it clear to the country how he plans to run it.  And reasonable, sensible people are flipping the freak out about it, as they should.  Reasonable, sensible people know that the economy will not be stimulated by throwing money at social programs.  We know that throwing money, with little to no oversight, and little to no actual direction, at financial institutions like AIG equates to just hurling a wad of cash off the top of a rooftop and hoping some of the bills are caught by productive people who can put it to good use.   We know that growing government and squashing the private sector while at the same time making people dependent on government programs provides absolutely no incentive for those people to ever become self-sufficient.

As soon as Obama presented his budget, the market reacted.  Well, duh.  The whole budget is like a hate letter written to capitalism.  He may as well have just written, “Capitalism sucks.  Here are a zillion tax hikes.  Yes We Can. Love, O.”

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