Ready for Hillary Already Blew Through $11 Million and is in Debt. Wait until she gets hold of your tax dollars. Does an $Eleventy-Trillion national debt sound about right?
Tag: debt
Democrat Congressman thinks the debt limit should be unlimited
If Democrat Jerrold Nadler has his way, we won’t have any of those nasty partisan fights about the debt limit in the future.
If Democrat Jerrold Nadler has his way, we won’t have any of those nasty partisan fights about the debt limit in the future. Because he’s busy writing a bill that will solve the problem by simply doing away with the debt limit.
Voila! Spend as much as you want, President Obama.
The Hill has the details:
Calling the debt limit “truly arbitrary” while blasting Republicans for playing a “dangerous game of chicken” with it, the liberal congressman said Wednesday he was drafting a bill to eliminate it.
“Let us abolish the debt ceiling, which has become a serious threat to our economic future and a pawn for Republicans intent on holding the economy hostage to impose their own extreme agenda,” he said in a statement.
Nadler also set his sights on credit-rating agency Standard & Poor’s, which last Friday issued the first ever downgrade of the nation’s once-sterling credit rating, setting off a tumultuous few days for financial markets.
No debt limit. It’s like having an open bar at an Alcoholics Anonymous meeting.
Source: The Hill
Somebody saw it coming: Mystery figure pockets nearly a billion dollars betting on US downgrade. Was it Soros?
A mystery investor or hedge fund reportedly made a bet of almost $1billion at odds of 10/1 last month that the U.S. would lose its AAA credit rating.
It seems that somebody somewhere made an awful lot of money making betting that the United States would lose its AAA credit rating.
Not surprisingly some are suggesting that George Soros might be that somebody. What is surprising, however, is that so many considered this eventuality to be a longshot.
For more we go to the UK via The Daily Mail:
A mystery investor or hedge fund reportedly made a bet of almost $1billion at odds of 10/1 last month that the U.S. would lose its AAA credit rating.
Now questions are being asked of whether the trader had inside information before placing the $850million bet in the futures market, or if the bet happened at all.
There were mounting rumours that investor George Soros, 80, famously known as ‘the man who broke the Bank of England’, could be involved.
Was it him? George Soros, 80, has been mentioned as potentially being the mystery investor who won a $1billion bet that the credit rating would fall
He made more than $1billion on currency speculation when the British pound left the Exchange Rate Mechanism on Black Wednesday in 1992.
And while it is not a certainty that George Soros was behind this one thing is abundantly clear. Whoever made all this money betting against the health of the U.S. economy has just about as much faith in Obamanomics as we do.
Written by Kip Hooker at TheVitaminPress.com
Source: Daily Mail UK
Harry Reid’s political posturing bites him (and all of us) in the ass
So whose fault is the recent downgrade? Is it the Tea Party’s as spin masters David Axelrod and John Kerry are expounding? Or is it that crazy old coot Harry Reid in the Senate?
So whose fault is the recent downgrade? Is it the Tea Party’s as spin masters David Axelrod and John Kerry are expounding? Or is it that crazy old coot in the Senate who was recently waxing poetic about his pomegranate trees or some damn thing?
Reuters outlines how Reid’s political posturing back in December of last year prevented the timely address of the debt ceiling problem:
The reason we’re hitting the debt ceiling, remember, is that the budget passed by both Republicans and Democrats forces us to do so. As a result, the obvious time and place to raise the debt ceiling is when you pass the budget. This isn’t just obvious now, it was obvious then. And the person who thought it was a bad idea? Harry Reid.
Ol’ Harry expressed that very thought back in 2010:
Reid also said that he would like to push off raising the debt ceiling until next year — when Republicans control the House, but that he has not discussed the matter yet with his caucus.
“Let the Republicans have some buy-in on the debt. They’re going to have a majority in the House,” said Reid. “I don’t think it should be when we have a heavily Democratic Senate, heavily Democratic House and a Democratic president.”
Keep in mind, Reid didn’t want the Republicans to join the fun as any kind of gesture of good will or across the aisle ass kissing. No, he simply didn’t want to provide Republicans with another club with which to beat not only Obama, but any other Democrat running for re-election in 2012.
Reuters sums up Reid’s leadership failures as follows:
Forcing a majority-Republican House to vote to raise the debt ceiling might have seemed like a good idea at the time. But it’s not exactly the epitome of leadership. Indeed, it seems to have led the country straight into something which risks being downright catastrophic.
So it seems that President Obama isn’t the only Democrat capably of destroying the economy all by his lonesome. Harry Reid is a close second and coming on strong.
Source: Reuters
Debt ceiling deal might sink the anchor sinking the economy
We’ve all heard how the universally-despised debt ceiling deal did absolutely nothing but that may be incorrect. An unexpected benefit may emerge: the death of Obamacare.
We’ve all heard how the universally-despised debt ceiling deal did absolutely nothing but that may be incorrect. An unexpected benefit may emerge: the death of Obamacare.
It would be a delicious irony, as Hercule Poirot said in “Murder on the Orient Express”, if “…a repulsive murderer has himself been repulsively, and, perhaps deservedly, murdered.” In our case, the murderer is Obama’s signature economy-killing achievement.
Politico relays the rumors:
The debt ceiling agreement could jeopardize millions of dollars, and perhaps billions, in initiatives from President Barack Obama’s health care reform law if the super committee can’t come up with required spending cuts.
Many of the pots of money in the law — one of the Democrats’ most prized pieces of legislation — could get trimmed by the debt deal’s sequestration, or triggered cuts.
ObamaCare is a “booby prize” being it was created by a bunch of boobs. It’s authors remind us of the dopey kid who ran to his mom with a handful of crap yelling, “Ma, look what the dog just did!”
“There are at least 15 provisions of the Obama health care law that will find themselves subject to this trigger if the committee is not able to come up with other cuts,” said Sen. John Barrasso (R-Wyo.).
Death by a thousand cuts? Great, make that piece of crap suffer.
The fact that the programs are vulnerable at all means Obama and congressional Democrats did not succeed in their attempts to shield the health reform law from the debt-deal trigger.
Just another thing the a-holes didn’t read. That’s a shame. A real shame.
– Written by Bonfire of the Absurdities
Source: Politico.com
Hopeless change: S&P downgrades U.S. debt
S&P obviously doesn’t like having a black president signing treasury bonds. There is no other credible explanation for its unexpected action today.
No one realized it until now but Standard & Poor’s, one of the big three credit rating agencies, is a hotbed of raaaaacism. They obviously don’t like having a black president signing treasury bonds. There is no other credible explanation for its unexpected and blatantly raaaaacist action Friday, as reported by the AP:
Credit rating agency Standard & Poor’s on Friday downgraded the United States’ credit rating for the first time in the history of the ratings.
Unprecedented!
The credit rating agency said that it is cutting the country’s top AAA rating by one notch to AA-plus … because the deficit reduction plan passed by Congress on Tuesday did not go far enough to stabilize the country’s debt situation.
A source … said that the Obama administration feels the S&P’s analysis contained “deep and fundamental flaws.”
Sure, S&P must think Bush is still president.
S&P first put the government on notice in April that a downgrade was possible unless Congress and the administration came up with a credible long-term deficit reduction plan and avoided a default on the country’s debt.
In April, Geithner said there was no chance of it happening. He must’ve meant the credible deficit reduction plan, not the downgrade.
S&P said it was now “pessimistic about the capacity of Congress and the administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government’s debt dynamics anytime soon.”
They never did this when a white guy was president, but all the black guy had to do is borrow a few trillion and send unemployment skyrocketing and those crackers jump all over him. Racists.
– Written by Bonfire of the Absurdities
Source: Associated Press
Obama, the only adult in the room, was asked to leave the room
Despite the Mostly Sycophantic Media’s efforts to prop up the cardboard cut-out that is Barack Obama, the truth leaks out anyway. Obama’s not fit to be president.
Barack Obama likes to portray himself as the calm, even-tempered, above-the-fray kind of guy, the only adult in the room. The reality is he’s a whiny, spiteful crybaby who has to be kicked out of the room so the adults can get something done.
The Hill reveals that during the debt ceiling negotiations, Obama was outstanding … in the hall:
GOP aides and lawmakers, speaking on background, portrayed Boehner as the calm negotiator who repeatedly exasperated President Obama.
Boehner last month asked the networks to televise his response to Obama’s address to the nation, a request which infuriated the White House, Republican sources said.
On July 23, they claim, the White House called Nancy Pelosi, telling her not to participate on a call with Boehner, Harry Reid and Mitch McConnell (R-Ky.). Pelosi informed Reid, who declined to participate, and the call was canceled, the Republican sources said.
Later that day, the four leaders met with Obama at the White House. At one point, GOP officials said, the Democratic and Republican leaders asked Obama and his aides to leave the room to let them negotiate.
Despite the Mostly Sycophantic Media’s efforts to prop up the cardboard cut-out that is Barack Obama, the truth leaks out anyway. Obama’s not fit to be president of an Elvis Presly fan club, much less the United States of America.
The King deserves better, and so do we.
– Written by Bonfire of the Absurdities
Source: The Hill
Keith Olbermann looking for hippies to fill the streets in protest
Oh, how Keith Olbermann longs for those glorious days of his youth when the streets were filled with protesters and the air was filled with smoky haze of a million joints.
Oh, how Keith Olbermann longs for those glorious days of his youth when the streets were filled with protesters and the air was filled with smoky haze of a million joints.
Here’s his plaintive response to the passing of the debt ceiling deal:
And the only response is to be organized and unified and hell-bent in return. We must find again the energy and the purpose of the 1960′s and early 1970′s and we must protest this deal and all the God damn deals to come, in the streets. We must arise, non-violently but insistently. General strikes, boycotts, protests, sit-ins, non-cooperation take-overs – but modern versions of that resistance, facilitated and amplified, by a weapon our predecessors did not have: the glory that is instantaneous communication.
The problem with this concept is that Keith Olbermann’s audience couldn’t fill a phone booth, much less the streets of a small village.
Diane Sawyer asks Nancy Pelosi “Will the debt deal hurt real people?”
No, Diane, real people will not be hurt most. That sad fate will fall to robots, mannequins and the audio-animatronic Mr. Lincoln at Disneyland.
No, Diane, real people will not be hurt most. That sad fate will fall to robots, mannequins and the audio-animatronic Mr. Lincoln at Disneyland.
Where do they find these people? Is there a liberal laboratory where they are trained to ask the most inane questions imaginable? Is there an Interview 101 class where they learn to look sincere and act like morons?
With no further delay, we proudly present Diane Sawyer’s latest moment of absurdity.
“Where are the tax revenues? … We got nothing,” Norah O’Donnell beseeches Jay Carney
O’Donnell complained about how many GOP demands were met by the deal, and then said to Carney: “You gave them everything they wanted and we got nothing.”
CBS White House correspondent Norah O’Donnell showed her true colors Monday. In a post-debt ceiling session she confronted Press Secretary Jay Carney with what cannot be interpreted as an impartial question.
Commentary Magazine has the details:
… CBS’s Norah O’Donnell peppered Carney with terse, accusatory questions about the lack of tax revenue (read: tax increases) in the debt ceiling deal. O’Donnell complained about how many GOP demands were met by the deal, and then said to Carney: “You gave them everything they wanted and we got nothing.”
We? We as in liberal Democrats?
Would someone please tell the pretty, but dimwitted reporter that she’s not supposed to reveal that kind of thing in public?
Source: Commentary Magazine
Paul Ryan sets fire to the pile of kindling known as Harry Reid’s budget plan
Here’s Ryan explaining the faulty logic behind Senate Majority Leader Harry Reid absurd budget plan:
Here’s the deal. If we can’t have Marco Rubio’s baby, we want to have Paul Ryan’s baby. Both of these guys offer a superior gene pool for little Ronald Reagan Ryan or Ronald Reagan Rubio. We’ll be fabulous mothers and raise the kid right.
Here’s Ryan explaining the faulty logic behind Senate Majority Leader Harry Reid absurd budget plan:
“Let’s pass a bill to cover the moon with yogurt that will cost $5 trillion today. And then let’s pass a bill the next day to cancel that bill. We could save $5 trillion.”
Don’t know about you, but Ryan is getting us kind of hot right now.
The country’s problems are just gonna have to wait a little while. It’s time for Obama to get his party on!
Staggering unemployment. Crippling inflation. Crushing deficits. The country wallowing in a new great malaise. What’s the most smartest president in the history of the American Republic to do?
Staggering unemployment. Crippling inflation. Crushing deficits. The country wallowing in a new great malaise. What’s the most smartest president in the history of the American Republic to do?
Throw himself a party, that’s what!
The Chicago Sun Times rounds up the details so you can RSVP ASAP:
President Obama returns to Chicago on Aug. 3 to mark his 50th birthday with fund-raisers at the Aragon Ballroom, with tickets ranging from $50 a person to $35,800 per couple, which includes VIP seating at a “Birthday Concert” where celebs will be performing and a dinner with the president.
The fundraiser at the Aragon, the historic ballroom in Uptown, will be one of the biggest third quarter events, expected to draw in national supporters. Obama’s 50th birthday is Aug. 4. UPDATE The Aragon is a cosy venue–I went to concerts there in college and high school–and I heard Thursday afternoon all the performers will be native Chicagoans. END UPDATE
The Obama team on Wednesday reported collecting more than $86 million in second quarter fund-raising over $47 million directly for the Obama 2012 campaign and more than $38 million for the Democratic National Committee.
But wait it gets better!
The event is multi-tiered: There is a concert at 4 p.m.–Foster said songstress Jennifer Hudson may perform–for the basic $50 contribution, of which there is supposed to be “limited availability.”
For $10,000, a person gets a souvenir photo with Obama at a reception and preferred seating at the concert. For $1,000 a person gets seated in a “premium section” with a “hosted bar.” A general admission ticket is $200.
What’s that you say? The peasants have no bread? No worries, let them eat Obama’s birthday cake.
Written by Kip Hooker at TheVitaminPress.com
Source: Chicago Sun-Times
Representative James Clyburn urges Obama to transform the Presidency into a monarchy
So this is how James Clyburn would have our democracy end. Not with a bang. Not even with a whimper. But with Obama assuming the unilateral power.
So this is how James Clyburn would have our democracy end. Not with a bang. Not even with a whimper. But with Obama assuming the unilateral power to further sell off our children’s futures to China in his never ending crusade to buy votes and pay back his political cronies.
Real Clear Politics provides the stage:
Rep. James Clyburn (D-SC): “I’ve said time and time again, if the President gets up to August 2nd, without a piece of legislation, he should not allow this country to go into default. He should sign an Executive Order invoking the 14th Amendment and send that to all the governmental agencies for us to continue to pay our bills. He could do that with a stroke of a pen.
“We’ve seen many big things done in history that way. I’ve joked with my staff the other day, ‘tell me what was the bill number of the Emancipation Proclamation.’ It was an Executive Order.
Perhaps someone should let the honorable Representative James Clyburn know. Through the Emancipation Proclamation Lincoln sought to free some of the slaves, not create new ones.
– Written by Kip Hooker at TheVitaminPress.com
Source: Real Clear Politics
Insomniac-in-Chief: Crisis-mongering keeps Obama up nights
Awww. President Obama is working so feverishly convincing grandma that John Boehner wants to kill her, he’s losing sleep.
Awww. President Obama is working so feverishly convincing grandma that John Boehner wants to kill her, he’s losing sleep. At least that’s the narrative his staff is pushing to make it appear the roadblock-in-chief is not the one actually blocking the road.
Wipe your tears away as we hear from that purveyor of conventional wisdom, Reuters:
President Barack Obama is deeply involved in trying to win a debt deal and his White House was working flat out, aides said…
They’re so busy they haven’t had time to actually write a plan.
“He’s getting absolutely no sleep. He’s working tirelessly, meeting with his economic team, doing a lot of outreach, exploring all kinds of possibilities for compromise,” top Obama aide Valerie Jarrett told Reuters Insider.
In Obama-speak, “compromise” means “doing what I want.” He’s working tirelessly on ways to obfuscate that.
Several press conferences and a prime-time televised address to the nation by the president from the stately East Room, plus a background briefing by senior Obama aides that went late into Friday night, have added to the controlled frenzy at the White House.
Obama’s concept of “work” is babbling to the media. Listening to the fool is even harder.
This has translated into even longer days than normal at the White House, which already begin in the early hours of every morning as senior staff prepared for their daily 7:30 a.m. meeting in the office of the chief of staff.
Boo-hoo. Life would surely be easier if members of the Obama administration spent a bit of time amongst the legions of “funemployed” where their policies have put so many others. Someday soon, if we’re lucky.
-Written by Bonfire of the Absurdities
Source: Reuters
Stalemates continue to dominate debt ceiling talks. And we’re pretty damn glad to hear it.
Our advice to Mr. Reid? Heed the sage advice of another sage Harry: Our bucks stop here. And so should the debt ceiling.
Another week begins and with it the continued debate over raising the debt ceiling. And for now, we are happy to report, the Republicans are not caving to the tax and spend demands of those who need our money to make their fortunes.
Let’s go to Politico:
With no agreement reached by Sunday afternoon, House and Senate leaders appear to be moving in different directions with competing plans to raise the nation’s debt ceiling, dramatically highlighting the major discord on Capitol Hill with eight days until the United States defaults on its $14.3 trillion debt.
Senate Majority Leader Harry Reid (D-Nev.) began to draft his own legislation Sunday that would slash at least $2.7 trillion to match an extension of the nation’s borrowing limit through the 2012 election, Democratic leadership aides said. Reid and House Minority Leader Nancy Pelosi met with President Barack Obama on Sunday evening.
Our advice to Mr. Reid? Heed the sage advice of another sage Harry: Our bucks stop here. And so should the debt ceiling.
Written by Kip Hooker at TheVitaminPress.com
Source: Politico.com
Break out the tin foil hats: Rep. Barbara Lee calls debt ceiling issue a manufactured crisis
Barbara Lee says House Republicans are engaged in a reprehensible canard meant to convince the gullible citizens that the fact that their country has run out of money is a “crises.”
Call Fox Mulder and Dana Scully. Representative Barbara Lee of California has stumbled upon the greatest conspiracy of our era. An insidious plot that makes the faked moon landing look like the work of a high school AV club and that JFK business mere child’s play.
According to Lee House Republicans are engaged in a reprehensible canard meant to convince the gullible citizens that the fact that their country has run out of money is a “crises.”
The truth is out there. And CNS brings it to us:
Rep. Barbara Lee (D-Calif.) released a statement Monday saying the “debt crisis” has been “manufactured by House Republicans” who are “attempting to advance an extremist agenda.”
“The current, so-called ‘debt crisis’ has been completely manufactured by House Republicans attempting to advance an extremist agenda.
This should be a simple vote to allow the US Treasury to fund all of the programs and obligations of the entire federal government that are already in the law,” said Rep. Lee in a statement handed out to reporters before a Democratic press conference on jobs at the Capitol.
Rep. Lee has called for Congress to increase the debt limit with no strings attached like spending cuts.
It is clear to us now that our Republic is in good standing so long as there are public servants out there like Lee. Brave souls willing to defend this country against that nefarious and extremist agenda of fiscal sanity and sound economic policy.
Representative Lee, we salute you.
Written by Kip Hooker at TheVitaminPress.com
Source: CNS News
Congressional solution to debt debacle: A brand new way to pass the buck
The traditional Washington way to solve a sticky problem is to create a blue-ribbon commission, task it to find a solution and issue a report, then ignore whatever it produces.
The traditional Washington way to solve a sticky problem is to create a blue-ribbon commission, task it to find a solution and issue a report, then ignore whatever it produces. Works every time. But the current bunch is not satisfied with the tired old ways of doing things and is proposing a BOLD NEW initiative!
Huffing and Puffing Post breaks the news:
Debt ceiling negotiators think they’ve hit on a solution to address [tax and spending issues]….
Create a new Congress.
This “Super Congress,” composed of members of both chambers and both parties… would be granted extraordinary new powers. Under a plan put forth by Mitch McConnell (R-Ky.) and Harry Reid (D-Nev.), [legislation would create] a 12-member panel made up of 12 lawmakers — six from each chamber and six from each party.
Legislation approved by the Super Congress…would then be fast-tracked through both chambers, where it COULDN’T be amended by simple, regular lawmakers, who’d have the ability only to cast an up or down vote. With the weight of both leaderships behind it, a product originated by the Super Congress would have a strong chance of moving through the little Congress and quickly becoming law.
Pardon our stupidity, but what makes anyone think this evenly divided body will be able to agree on a lunch order, let alone solutions to contentious financial problems?
If they do produce something useful, the Little Congress can’t ignore it so voting no is the next best thing. And lastly, the biggest obstacle to progress isn’t even in Congress. If we’re not mistaken, he’s probably on about the 14th hole about now.
– Written by Bonfire of the Absurdities
Source: Huffington Post
Calling bullshit on Obama: Law prof says Social Security at no risk from debt ceiling cave-in
The current president of the United States seems not to know how anything works. But that’s no problem when you’re willing to just make crap up.
The current president of the United States seems not to know how anything works. But that’s no problem when you’re willing to just make crap up. Ironically, the world’s smartest man apparently considers his ignorance a feature and not a bug.
Case in point: The President has repeatedly implied that social security payments might stop if the debt ceiling issue is not resolved.
Stanford Law Professor Michael McConnell calls the president on this egregious lie:
The Social Security trust fund holds about $2.4 trillion in U.S. Treasury bonds, which its trustees are legally entitled to redeem whenever Social Security is running a current account deficit. Thus, if we reach the debt ceiling ….this is what will happen. The Social Security trust fund will go to Treasury and cash in some of its securities, using the proceeds to send checks to recipients. Each dollar of debt that is redeemed will lower the outstanding public debt by a dollar. That enables the Treasury to borrow another dollar, without violating the debt ceiling. The debt ceiling is not a prohibition on borrowing new money; it is a prohibition on increasing the total level of public indebtedness. If Social Security cashes in some of its bonds, the Treasury can borrow that same amount of money from someone else.
Addition and subtraction, maybe that’s his problem.
George Soros promised Obama if he took the job, there would be no math. Or history, or science, or geography. Just talking and vacations.
More likely telling the truth is just one more thing that’s above the man’s pay grade.
– Written by Bonfire of the Absurdities
Source: AdvancingAFreeSociety.org
Perlcat rants: I don’t want a balanced budget amendment
Government is very good at screwing stuff up, and then selling us on a solution that screws things up still more, and then selling us yet another screwup.
We occasionally give Frequent IHateTheMedia.com commenter Perlcat a soapbox. He climbs aboard and issues one of his epic rants:
I don’t want a balanced budget amendment.
Let me explain.
Government is very good at screwing stuff up, and then selling us on a solution that screws things up still more, and then selling us yet another screwup. It’s like an out-of-control episode of the Three Stooges, but with tequila and lots of Other People’s Money.
Why is a BBA on the table in the first place? Because our politicians lack the political will to keep government at the proper size, doing the proper things. A lot of the things they have going on now are well outside of the constitution. Yes, I know, they got rulings favorable to them in a lot of cases — but in many more situations, they simply ignore the Constitution. You can’t tell me that, for example, raising the national drinking age by tying it to highway funds is within the spirit of the Constitution. If it was, they’d simply vote directly upon it. They have no mandate, so they use excess tax money that they confiscated beyond their needs to violate the Constitution in spirit.
If you think that the BBA will keep government in check from doing the things that they aren’t supposed to do, what makes you think that they will pay attention to this one, too? Examples from human nature:
Continue reading “Perlcat rants: I don’t want a balanced budget amendment”
Gang of six? Or Gang of Pricks?
Just when it seemed that America was on the brink of being forced into fiscal responsibility the Gang of Six rides into town and makes life safe again for government to live beyond our means.
Just when it seemed that America was on the brink of being forced into fiscal responsibility the Gang of Six rides into town and makes life safe again for government to live beyond our means.
Reason provides what is largely missing from Washington DC:
Yesterday, the so-called Gang of Six—a cadre of Republican and Democratic Senators working independently from the administration and Congressional leadership—released a proposal to reduce the projected federal deficit by $3.7 trillion over the next decade. According to The Washington Post, it “requires lawmakers in the coming months to cut agency spending, overhaul Social Security and Medicare, and rewrite the tax code to generate more than $1 trillion in fresh revenue.” It’s so…so…bipartisan. But maybe not in an entirely good way.
In a nice overview of the plan, Cato’s Dan Mitchell points out that, as usual, the headline deficit reduction figures don’t represent real reductions from current spending levels; instead, they’re cuts from projected growth. There are a few things to like about the plan, however, including its reduction of both the top personal and corporate tax rates and its obliteration of the CLASS Act.
But many of the particulars are still vague, especially when it comes to health care. Despite what the Post suggests, there is no major overhaul of Medicare. The plan calls for $200 billion in overall health care savings, but from where? We don’t yet know.
Call us crazy but we get a bit leery when a plan to “increase revenue” and cut spending can’t pinpoint where exactly those spending cuts are going to be. Because we all know where the revenue increases are coming from. Our paychecks.
– Written by Kip Hooker at TheVitaminPress.com
Source: Reason.com
Congresswoman says Americans are too stupid to understand the debt ceiling debate. And that’s where the fun begins.
In this clip the Socialistkowski says that she agrees with President Obama that average Americans are just incapable of comprehending the debt ceiling and the dire threat to social security.
We were just thinking that we hadn’t heard anything really stupid from Congresswoman Jan Schakowsky for a while. And then, bang! She solved that problem.
In this clip the Socialistkowski says that she agrees with President Obama that average Americans are just incapable of comprehending the debt ceiling and the dire threat to social security.
And then she demonstrates that she can’t explain it herself.
Classic socialist stupidity from Schakowsky.
http://www.youtube.com/watch?v=zoDvkhnNdXo
Surprise! Obama opposed to cutting spending, capping spending and balancing the budget
The White House on Monday warned President Obama will veto GOP legislation to “cut, cap and balance” spending and the budget.
Obama knows how his bread is buttered. With the labor of generations of tax payers yet to be born. And the president is willing to fight tooth and nail for his right to benefit from that labor far more than most of our children ever will.
The Hill is alive with the sound of this administration’s muzak:
The White House on Monday warned President Obama will veto GOP legislation to “cut, cap and balance” spending and the budget.
In a statement of administration policy, the White House Office of Management and Budget labeled the GOP bill as an “empty political statement.”
The House Rules Committee is expected to take up the measure on Monday, and it is likely to receive a floor vote on Tuesday. The measure would cut spending in fiscal 2012 by $111 billion, cap future spending at 19.9 percent of gross domestic product and allow for the debt ceiling to be increased if a balanced-budget amendment is approved by Congress and sent to the states.
The administration said the measure, which is not expected to move through the Senate, is unnecessary and unrealistic.
Yes, of course. It is unnecessary and unrealistic to expect the government to live within its means. Especially at a time when the taxpayers are expected to live so far below their means in order to finance all the votes and favors Obama is going to need if he expects to have a prayer at getting re-elected.
– Written by Kip Hooker at TheVitaminPress.com
Source: The Hill
Damn, we hope the Republicans are learning something in Minnesota
Republicans in Minnesota gave Democrats a two-punch knockout combo that offers Republicans in Washington, D.C., a roadmap for how to win the budget battle against Obama and his leftwing radical cohorts.
Republicans in Minnesota gave Democrats (actually, they’re called Democratic-Farmer-Labor Party members in Minnesota, for some odd reason) a two-punch knockout combo that offers Republicans in Washington, D.C., a roadmap for how to win the budget battle against Obama and his leftwing radical cohorts.
Question is, are Republicans in D.C. smart enough to read the map?
The whole situation in Minnesota was a mirror image of the battle at the federal level: a budget deficit that needed solving, Democrat governor who wanted tax increases, and a brand new Republican legislature that did NOT want tax increases and figured the only sane solution was to cut spending.
Sound familiar?
The governor had a hissy fit, refused to negotiate, and shut down the Minnesota government for almost two weeks.
The first lesson that was learned was, well, nobody gave a crap. Life pretty much went along even better than when the government was open. There were some complaints about closed state parks over the 4th of July weekend, but that was about it.
Things sailed along just fine and dandy until it was announced that MillerCoors Brewing would have to stop selling beer because their license was about to expire. That announcement came on day thirteen of the Minnesota government shutdown. On day fourteen, the governor miraculously decided to give the Republicans the no-tax budget solution they wanted. Call it a coincidence if you want.
Listen up Boehner and McConnell: Stand firm and let the president have his hissy fit and shut down the government if he wants. Nobody will really care. Then threaten the beer supply after a few days and Obama will fold like a cheap suit.
After all, what do liberals have if they don’t have beer?
– Written by J.P. Travis of JPAttitude.com
Quote of the Day: “Why is it that compromise always means increasing taxes today and doing cuts ten years from now?”
Republican Rep. Raul Labrador asked the simple question, “Why is it that compromise always means increasing taxes today and doing cuts ten years from now?”
Damn, we love that line. And it’s about time someone – anyone – said it. In this case the quotee was Idaho Republican Rep. Raul Labrador.
After Cokie Roberts reflexively spewed a litany of Democrat talking points, Labrador asked the simple question, “Why is it that compromise always means increasing taxes today and doing cuts ten years from now?”
“Homina, homina, homina,” Roberts said in response.
H/T: Breitbart.tv
Lord Obama demands more sacrifice from his subjects
After a number of years of benefiting from our sacrifice without providing any of his own he is once again returning to that old rhetoric.
From the dawn of his national political career the President has talked to the country of sacrifice. And after a number of years of benefiting from our sacrifice without providing any of his own he is once again returning to that old rhetoric.
Yahoo the website has this story on yahoo the president:
President Barack Obama is urging US lawmakers to quickly forge a deal to keep the world’s richest nation from plunging into debt default, saying he is “willing to compromise.”
Obama has warned of economic “Armageddon” should Congress fail to raise the debt limit to allow more US borrowing, with his administration highlighting disastrous ripple effects that would churn through the global financial system.
But after five straight days of crisis talks ended Thursday without a clear solution, Obama implored fellow Democrats and opposition Republicans to embrace “shared sacrifice” to help break the stalemate that has led ratings agencies and top US lender China to sound the alarm over US creditworthiness.
“I’m willing to compromise. I’m willing to do what it takes to solve this problem, even if it’s not politically popular,” Obama said in his weekly radio address Saturday.
“Simply put, it will take a balanced approach, shared sacrifice, and a willingness to make unpopular choices on all our parts.”
Under normal circumstances this the part of our story where we would have written something (hopefully) clever to tie the piece altogether. We didn’t have to do that this time. The perfect summation had already been written. IHateTheMedia.com would like to thank Ayn Rand for the following bit of brilliance:
It only stands to reason that where there’s sacrifice, there’s someone collecting the sacrificial offerings. Where there’s service, there is someone being served. The man who speaks to you of sacrifice is speaking of slaves and masters, and intends to be the master.
What she said.
Written by Kip Hooker at TheVitaminPress.com
Source: AFP via Yahoo
