Sequestration: The Big Lie

You know what really annoys me about all of the Obama administration rhetoric is that spending cuts will occur.  That's the lie.  Sequestration isn't about spending cuts...it's about FUTURE GROWTH of spending.  That has nothing to do with spending cuts now.  It means that Congress (should) bind itself to an agreement they made in 2011. Unfortunately, no Congress has EVER kept a promise to not increase spending.  At least not since the 1920's.

Big Bird Love's the O...

via Instapundit,

 

 





US Federal Deficit Revised:

Obama promised to cut his deficit spending by end of his first term.  

 

 

You can see that was yet another lie...

via Instapundit.

The Obama Hypocrisy...

Here's the real hypocrisy  of both Obama and the Democratic Party. 



If it was unpatriotic to add $4,000,000,000,000.00 to the debt over the eight year G. W. Bush presidency, what do you call adding $5,700,000,000,000.00?  That's the thing.  Over the past THREE years, Mr. Obama has added more to the public debt than every other presideng prior to  Bush combined.  In 2008, Obama called that a terrible thing.  Since then, he's more than doubled that.

Mr. Obama and the Democratic party are a threat to America and it's past time to do something about it.  They work for us and their policies have failed and have mortgaged the future to pay for today.  We've run out of other people's money.  It's time for them to go...

The "Super Committee"s Failure...

Here's an interesting video of Chris Chritie, governor of New Jersey commenting on the failure of Obama's "Super Committee."

Obama: Increasing US Debt Unpatriotic

During the 2008 campaign, candidate Obama called George Bush, "unpatriotic" for increasing the US Debt by $4 trillion dollars over 8 years

...“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children,” Obama complained, ”driving up our national debt from $5 trillion for the first 42 presidents, [and] number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion of debt that we are going to have now to pay back.”

Read more: http://dailycaller.com/2011/11/17/obama-gop-unpatriotic-for-spending-and-for-not-spending/#ixzz1dxeDQYc7 ...but what does candidate Obama have to say to the hypocrisy of President Obama increasing the federal debt by $6 trillion dollars in under 3 years...crickets...

The "Debt Commision"

from a reader...

Dear Alan, Alan Simpson, Senator from Wyoming , Co-Chair of Obama's deficit commission, calls senior citizens the Greediest Generation as he compared "Social Security" to a Milk Cow with 310 million teats. Here's a response in a letter from PATTY MYERS in Montana ... I think she is a little ticked off! She also tells it like it is! "Hey Alan, let's get a few things straight.. 

1. As a career politician, you have been on the public dole for FIFTY YEARS.  

2. I have been paying Social Security taxes for 48 YEARS (since I was 15 years old. I am now 63).  

3 My Social Security payments, and those of millions of other Americans, were safely tucked away in an interest bearing account for decades until you political pukes decided to raid the account and give OUR money to a bunch of zero ambition losers in return for votes, thus bankrupting the system and turning Social Security into a Ponzi scheme that would have made Bernie Madoff proud..  

4. Recently, just like Lucy & Charlie Brown, you and your ilk pulled the proverbial football away from millions of American seniors nearing retirement and moved the goalposts for full retirement from age 65 to age 67. NOW, you and your shill commission is proposing to move the goalposts YET AGAIN.  

5. I, and millions of other Americans, have been paying into Medicare from Day One, and now you morons propose to change the rules of the game. Why? Because you idiots mismanaged other parts of the economy to such an extent that you need to steal money from Medicare to pay the bills.  

6. I, and millions of other Americans, have been paying income taxes our entire lives, and now you propose to increase our taxes yet again.  

Why? Because you incompetent bastards spent our money so profligately that you just kept on spending even after you ran out of money.

Now, you come to the American taxpayers and say you need more to pay off YOUR debt. To add insult to injury, you label us "greedy" for calling "bullshit" on your incompetence.  

Well, Captain Bullshit, I have a few questions for YOU.  

1. How much money have you earned from the American taxpayers during your pathetic 50-year political career?  

2. At what age did you retire from your pathetic political career, and how much are you receiving in annual retirement benefits from the American taxpayers? 

3. How much do you pay for YOUR government provided health insurance?  

4. What cuts in YOUR retirement and healthcare benefits are you proposing in your disgusting deficit reduction proposal, or, as usual, have you exempted yourself and your political cronies?  

It is you, Captain Bullshit, and your political co-conspirators called Congress who are the"greedy" ones. It is you and your fellow nutcases who have bankrupted America and stolen the American dream from millions of loyal, patriotic taxpayers. And for what? Votes. That's right, sir. You and yours have bankrupted America for the sole purpose of advancing your pathetic political careers. You know it, we know it, and you know that we know it. And you can take that to the bank, youmiserable son of a bitch.

Rather eloquent, I'd say.

Economic History 101: WaPo Blames Bush...again

The Washington Post babbled again today about Obama inheriting a huge deficit from Bush. Amazingly enough, a lot of people swallow this BULL. So once more, a short civics lesson

Budgets do not come from the White House. They come from Congress and the party that controlled Congress since January 2007 is the Democratic Party.

Furthermore, the Democrats controlled the budget process for FY 2008 & FY 2009 as well as FY 2010 & FY 2011. (FY = fiscal year)

In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.

For FY 2009 though, Nancy Pelosi

& Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until

Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets.  And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete FY 2009. Let's remember what the deficits looked like during that period: (below)

If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, including Barack Obama, who voted for the budgets.

If Obama inherited anything, he inherited it from himself.

In a nutshell, what Obama is saying is I inherited a deficit that I voted for and then I voted to expand that deficit four-fold since January 20th.

Submitted by a regular reader,  who asks to remain anonymous.

Democratic Control Of Congress

For the most part since 1932, the Democratic party has controled Congress.  Not just one house occasionally, but both, as well as the office of the Presidency.  From the comments section on "what the little people think" about the recent downgrading of US debt by S&P.  The article the comments come from is linked here.

Iceman, the Dems are not blind, or stupid. They just want job security: their own. Carville says in his book that the Dems will rule for 40 years. The Dems have been the dominant party since 1930. Here's some facts on that since 1930:

The Democrats controlled the House:
1930-46
1948-52
1954-94
2006-present
R-16 years, D=60 years

The Democrats controlled the Senate:

1932-46
1948-52
1954-80
1986-94
2000 (a week)
2001-02
2006-present
R-21 years, D=55 years

The Democrats controlled the Presidency
1932-52
1960-68
1976-80
1992-00
2008-present
R-36 years, D-40 years.

There has been Democratic control over both houses of Congress and the Presidency:

2008 to present
1992-94
1976-80
1960-68
1948-52
1932-46.
That is, 28 years in the lifetime of most Americans.

There has been Republican control over both houses of Congress and the Presidency:

1952-54
Jan. 20-June 6, 2001
2002-06.

See what I mean. And don't forget, Congress makes the budget, not the President. If it wasn't for Brown's election, followed by the November 2010's election, this Country would be closer to bankruptcy than it is now, the Constitution would be a memory, and our Democratic government would take care of everyone, via taxes, and the beginning of our new socialist form of living, like eastern Europe.
Don't think the Dems are blind, or stupid. They know what they're doing

What Democrats are truly afraid of is that "the little people" will finally figure out that the vast majority of US debt stems from Democratic party policies that were passed and larded upon through their control of Congress...and that they will be blamed, rightly, for what we are now going through.

After all, from January of 2007, when the Democratic Party took control of Congress, they passed the largest of "Bush's" deficit budgets ($400 billion dollars)...once Mr. Obama took over the White House,  the deficit spigot became gusher, and they have in the past several years added fully 1/3rd to the US debt...it's so bad, that in 2010, neither the House of Representatives, under Nancy Pelosi (D-CA) or the Senate under Harry Reid (D-UT) passed a budget bill, because they were terrified of what would happen to their rather slim majorities if they did...they're still playing politics...and We The People will end up paying for this.

The Numbers They Are Aweful!

From Steven Green of VodkaPundit, via Instapundit...these numbers speak for themselves.  I don't often reproduce entire blog posts, but these...speak for themselves...

“The numbers, they are awful.”

9.2% — unemployment rate for June.
0.1% — increase since May.
16.2% — underemployment rate for June.
0.4% — increase since May.
8% — conventional wisdom for the maximum allowable unemployment rate to win reelection.
15 — remaining BLS reporting months before Election Day.
255,000 — net jobs that must be created each and every month to reach 8%.
18,000 — net jobs created last month.
44,000 — downward revision to April and May job creation.
3,825,000 — total net jobs needed before Election Day.
2,100,000 — jobs created in the last fifteen months.
11.2% — unemployment rate if the labor participation rate was as high as it was in January, 2009.
290,000 — best monthly net jobs gain during Obama administration.
231,000 — real best gain, minus temporary Census hiring.
14 — months since best monthly gain.
1% — decrease in DJIA in the opening minute of trading, day that jobs figures released.
$1,200,000,000,000 — cost of ARRA “stimulus,” with interest.
1,900,000 — net jobs lost since ARRA was signed.
2 — quantitative easing programs since 2008.
~$2,000,000,000,000 — total of first QE program during Great Recession.
$600,000,000,000 — total of second QE program, just ended.
40% — increase in federal debt since January, 2009.
30% — increase in annual federal spending since January, 2009.
20% — decrease in federal revenues since January, 2009.
12% — decline in value of US dollar since January, 2009.
37% — increase in number of Americans on food stamps since January, 2009.
62% — increase in Misery index since January, 2009.
800 — days since the Senate passed a budget.
1.9% — last quarterly GDP increase.
2.5% — consensus projection for last quarterly GPD increase.
2.7% — official White House projection.
3.0% or better — GDP growth needed to dent unemployment.
3.6% — official White House GDP growth projection for 2012.
2.7% — IMF GDP growth projection for 2012.
30% — federal debt held by public as percentage of GDP, 2005.
60% — federal debt held by public as percentage of GDP, 2010.
180% — federal debt held by public as percentage of GDP, CBO estimate, 2035.

0% — odds of current path being sustainable.

Then toss in this graphic that shows that the recovery from the current recession is the slowest-worst in modern times:

and then this:

...and then think about our "elite political leaders" in Washington argueing whether or not to raise the debt ceiling!  They are quibbling over fake "spending cuts" (which aren't really cuts at all as has been demonstrated in the past few months) that at best cut fractions of a percentage point, while our economy struggles along, it's time to dump the leadership in the GOP, and start fresh.  They don't have the courage to do what needs to be done.

Our Debt

Please, take the 3 minutes to watch this video:

Debt Has Increased $5 Trillion Dollars Since Mrs. Pelosi Took Control Of The House

Since 2007, when Nancy Pelosi declared that there would be no new deficit spending, the United States Debt has added $5,000,000,000,000.00...that's a hell of a lot of money passed through the Democratically controlled Congress...

When Rep. Nancy Pelosi (D-Calif.) gave her inaugural address as speaker of the House in 2007, she vowed there would be “no new deficit spending.” Since that day, the national debt has increased by $5 trillion, according to the U.S. Treasury Department.


"After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending,” Pelosi said in her speech from the speaker’s podium. “Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt."

Pelosi has served as speaker in the 110th and 111th Congresses.

At the close of business on Jan. 4, 2007, Pelosi’s first day as speaker, the national debt was $8,670,596,242,973.04 (8.67 trillion), according to the Bureau of the Public Debt, a division of the U.S. Treasury Department. At the close of business on Oct. 22, it stood at $13,667,983,325,978.31 (13.67 trillion), an increase of 4,997,387,083,005.27 (or approximately $5 trillion).

Pelosi, the 60th speaker of the U.S. House of Representatives, has added more to the national debt than the first 57 House speakers combined.

The $4.997-trillion increase in the national debt since she took the gavel is more debt than the federal government amassed from the speakership of Rep. Frederick Muhlenberg of Pennsylvania, who became the first speaker of the House on April 1, 1789, to the start of the speakership of Rep. Newt Gingrich of Georgia, the 58th speaker, who took up the gavel on Jan. 4, 1995...[emphasis is mine, ed.]

Now, the GOP has one last opportunity to walk the walk, not just talk the talk that they forgot from 2002-2006...if they don't the Republican Party is finished...and so is the United States, because we will have not walked off the cliff, we will have jumped off of it. 

WOW!

WOW...this video as very telling when set against the last post from Mark Steyn



More from Steyn: 

In 2009, the US spent about $665 billion on its military, the Chinese about $99 billion. If Beijing continues to buy American debt at the rate it has in recent times, then within a few years US interest payments on that debt will be covering the entire cost of the Chinese military. This summer, the Pentagon issued an alarming report to Congress on Beijing’s massive military build-up, including new missiles, upgraded bombers, and an aircraft-carrier R&D program intended to challenge US dominance in the Pacific. What the report didn’t mention is who’s paying for it.
Answer: Mr and Mrs America.

By 2015, the People’s Liberation Army, which is the largest employer on the planet, bigger even than the US Department of Community-Organizer Grant Applications, will be entirely funded by US taxpayers. When the Commies take Taiwan, suburban families in Connecticut and small businesses in Idaho will have paid for it.

 I knew things were bad, that we as a nation can't afford to continue, for even one more year of Obama/Pelosi/Reid level of spending...but this is apocolyptic.  More importantly, here is Mr. Steyn's conclusion...and I fully agree with him, the emphasis is mine. 

In a two-party system, you have to work with what’s available. In America, one party is openly committed to driving the nation off the cliff, and the other party is full of guys content to go along for the ride as long as we shift down to third gear. That’s no longer enough of a choice. If your candidate isn’t committed to fewer government agencies with fewer employees on lower rates of pay, he’s part of the problem. This is the last chance for the GOP to restore its credentials. If it blows it, all bets are off for 2012.

Sadly, I don't think the GOP's leadership gets it.

Deficit Projections $150 Billion Low

It' looks like the Obama Administration for the 2nd straight year has lowballed it's projections on the deficit.  In Feb, 2010, when it was trying to get it's budget for FY2011 through Congress, the Obama Administration provided figures that have proven to be as much as 10% lower than what is actually coming to pass.  Imagine that, the goverment projections of debt are proving to be much higher than anticipated.

Sen. Judd Greg on the new numbers: 

It should come as no surprise that after five months of unchecked spending by the Democratic Congress, our fiscal situation is getting worse, not better,” said Senator Gregg. “Deficits in the coming years will be astronomical, for as far as economists are able to project. We knew the outlook was dire earlier in the year, but that didn’t stand in the way of the Democrat’s $2.5 trillion health care package or the $34 billion in new mandatory spending that the President has proposed since he put his budget out in February.

Furthermore, the Mid-Session Review applauds the Administration’s Statutory Pay-As-You-Go Act as a fiscal discipline tool enacted since the Budget was sent to Congress in February this year. What it fails to mention is that the Democrats have abandoned fiscal responsibility by excluding $69 billion of deficit spending from the official Pay-Go ledger.

What this portends is that the Obama Deficit Commission will present a case that since tax revenues are down, and there are no "viable recommendations to reduce spending" in order to pay for more government, we'll just have to raise taxes.  Just what we need in the midst of a deep recession...raise taxes and guarantee that there will be far more government intervention.

Additionally, this should come as no suprise since most of those in the "business of government" are far more interested in regulating and controlling the economy while the great mass of the people vastly prefer a free market economy. 

A new Rasmussen Reports national telephone survey finds that 75% of Likely Voters prefer free markets over a government managed economy. Just 14% think a government managed economy is better while 11% are not sure. These figures have changed little since December...[however] America’s Political Class is far less enamored with the virtues of a free market. In fact, Political Class voters narrowly prefer a government managed economy over free markets by a 44% to 37% margin. However, among Mainstream voters, 90% prefer the free market.

So the chances of Congress, as it is presently constituted, actually reducing the size and scope of government are right up there with "slim and none."

Obama's Debt Nightmare...

A sign outside of Sauk, Wisconsin...more of these are poping up everywhere these days. 

H/T Instapundit