Tag: spending

President Obama doesn’t think you’re quick enough to figure out which shell the pea is under

Like a common street hustler, President Obama is taking the suckers’ money in a blatant shell game. Unfortunately, you’re one of the suckers.

Like a common street hustler, President Obama is taking the suckers’ money in a blatant shell game. Unfortunately, you’re one of the suckers.

National Review reports the news of the administration’s latest scam:

Last spring, President Obama proposed $11.3 billion worth of discretionary spending cuts. Today’s Washington Times notes that Congress accepted $6.9 billion worth of these cuts, a 61 percent success rate.



In a $3.6 trillion federal budget, that comes to just 0.2 percent of the federal budget.



But there is a larger issue: 100 percent of the savings from these “cuts” were automatically shifted into new spending. Total federal spending was not reduced by one dollar.



Here’s why: By the time President Obama released his proposed cuts, Congress and the White House already agreed on a top-line figure of $1,091 billion in discretionary spending. The only remaining issue was how to divvy up the funds. So Congress merely took $6.9 billion from the targeted programs, and shifted that money to other programs. At the end of the year, total discretionary spending remained at exactly $1,091 billion.



Furthermore, nearly all of the spending cuts proposed by the president and accepted by Congress were in defense. Thus, all they did was shift billions of dollars from defense programs to domestic programs. It’s like an indebted family cutting its grocery budget, but then putting all the savings into entertainment.

No longer content with the title Greatest President In History, Barack Obama is now The Greatest Grifter in History.

Congratulations on the promotion.

Source: National Review

Stimulus stupidity: kiss your hard-earned tax dollars goodbye

CNBC looks at ten stupid projects funded by the Obama administration’s $787 billion stimulus bill. We can’t decide if this is hilarious or depressing. Possibly both.

CNBC looks at ten stupid projects funded by the Obama administration’s $787 billion stimulus bill.

We can’t decide if this is hilarious or depressing. Possibly both.

H/T: The Big Feed

Nancy Pelosi then vs Nancy Pelosi now: the deficit

What a difference a president makes. Here’s what Queen Nancy had to say about the deficit just a couple years ago, and now.

A trillion here, a trillion there. Is anyone counting anymore?
A trillion here, a trillion there. Is anyone counting anymore?

What a difference a president makes. Here’s what Queen Nancy had to say about the deficit just a couple years ago:

After years of historic deficits, this new Congress will commit itself to a higher standard: pay as you go, no new deficit spending. Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.
– Nancy Pelosi, January, 2007

So far we haven’t heard the Speaker of the House make any comments about this news item:

What is $1.42 trillion? It’s more than the total national debt for the first 200 years of the Republic, more than the entire economy of India, almost as much as Canada’s, and more than $4,700 for every man, woman and child in the United States.

Ms Pelosi? Ms Pelosi? Ms Pelosiiiiiiiii?

Source: Flopping Aces

Quote of the Day:
“Left to it’s own devices with our tax revenues the Congress and Obama administration are like heroin addicts arguing over the last speedball that’s already been shot up.”

“Left to it’s own devices with our tax revenues the Congress and Obama administration are like heroin addicts arguing over the last speedball that’s already been shot up.”

Source: Burning Toast

A primer for Democrats: How much is one trillion dollars?

Perhaps the problem in Washington, DC is that none of the Democrats in the House or Senate actually understand what the word “trillion” means. So here is a simple, graphic explanation to help the fine Americans serving in the Congress of the United States of America understand exactly how much they’re pounding down a rathole.

Perhaps the problem in Washington, DC is that none of the Democrats in the House or Senate actually understand what the word “trillion” means. It’s just a big, unimaginable number with lots of zeroes, an amorphous concept somewhere between a million and a bazillion.

So here is a simple, graphic explanation to help the fine Americans serving in the Congress of the United States of America understand exactly how much they’re pounding down a rathole.

64% of Californians say illegal aliens are major strain on state budget, 25% are confirmed idiots

A new Rasmussen Reports telephone survey of California voters shows that just 25% say illegal immigrants are not a major strain on the state budget. Eleven percent (11%) are not sure.

25% of California voters are too damn stupid to be allowed to vote
25% of California voters are too damn stupid to be allowed to vote

Here’s how a new survey from Rasmussen Reports tells the story:

Nearly two-out-of-three California voters (64%) say illegal immigrants put a significant strain on the state budget as lawmakers struggle to close a $26 billion deficit.

A new Rasmussen Reports telephone survey of California voters shows that just 25% say illegal immigrants are not a major strain on the state budget. Eleven percent (11%) are not sure.

Here’s a reality check for that 25% who think illegal aliens are not a strain on the budget and for the 11% who aren’t sure:

40% of all workers in L.A. County (L.A. County has 10.2 million people) are working for cash and not paying taxes. This was because they are predominantly illegal aliens working without a green card.

95% of warrants for murder in Los Angeles are for illegal aliens.

75% of people on the most wanted list in Los Angeles are illegal aliens.

Over 2/3 of all births in Los Angeles County are to illegal alien Mexicans on Medi-Cal, whose births were paid for by taxpayers.

Nearly 25% of all inmates in California detention centers are Mexican nationals here illegally.

Over 300,000 illegal aliens in Los Angeles County are living in garages.

The FBI reports half of all gang members in Los Angeles are most likely illegal aliens from south of the border.

Nearly 60% of all occupants of HUD properties are illegal.

There are 21 Spanish language radio stations in Los Angeles.

In L.A. County 5.1 million people speak English. 3.9 million speak Spanish. (There are 10.2 million people in L.A. County ).

70% of the United States’ annual population growth (and over 90% of California, Florida, and New York) is from illegal aliens.

And finally, less than 2% of illegal aliens are picking our crops, but 29% are on welfare.

Despite these horrifying stats, 25% of voters think illegal aliens are just fine and dandy. And another 11% don’t have an opinion.

Wake up, you ignorant dunces, wake up.

Source: RasmussenReports.com

Counterintuitive Quote of the Day
“It is at a certain point potentially counterproductive if we’re spending more money than we’re having to borrow.” – President Obama

It is at a certain point potentially counterproductive if we’re spending more money than we’re having to borrow. No kidding? It’s potential counterproductive if we’re spending more money than we’re having to borrow? Then here’s an idea for you: Stop spending. Stop borrowing.

No kidding? It’s potential counterproductive if we’re spending more money than we’re having to borrow? Then here’s an idea for you: Stop spending. Stop borrowing.

Source: ABC News via Wall Street Journal

The gold is gone: How out-of-control spending bankrupted the Golden State

After adjusting for inflation, the state now spends nearly 20% more per capita than it did 18 years ago; even as California’s tax revenues increased by 167% during that period, state spending exploded by 189%.

Arnold ain't what he used to be. Neither is California.
Arnold ain't what he used to be. Neither is California.

They always say, “As California goes, so goes the nation.” And California’s going bankrupt.

How could the ninth largest economy in the world go so wrong so fast? Here’s how RealClearPolitics.com sums it up:

“Ultimately, any honest assessment of California’s plight must assign responsibility for the state’s fiscal crisis – not to the taxpayers who voted for Prop. 13 three decades ago – but to the politicians who have subsequently exploited them without mercy. Indeed, if spending had simply reflected average population growth plus the average increase in the cost of living since 1991, there would now be a $15 billion surplus. After adjusting for inflation, the state now spends nearly 20% more per capita than it did 18 years ago; even as California’s tax revenues increased by 167% during that period, state spending exploded by 189%.”

We’d say they spent like drunken sailors, but we don’t want to insult any drunken sailors.

Source: RealClearPolitics.com

100 wasteful, wacky projects included in the President’s “stimulus” program

Oklahoma’s Republican Senator Tom Coburn has come up with a list of “stimulus” projects that fritter away your hard-earned taxes.

That "stimulus" money is burning a hole in Obama's pocket.
That "stimulus" money is burning a hole in Obama's pocket.

Oklahoma’s Republican Senator Tom Coburn is tight with a dollar. His dollar. Your dollar. Everybody’s dollar. He’s come up with a list of “stimulus” projects that fritter away your hard-earned taxes.

The Senator didn’t compile this list on his own. He collected stories from local newspapers that questioned how stimulus dollars were being spent on projects in their areas. 


Here are some of the wasteful, wacky projects scheduled for funding in the “stimulus” program:

  • $840,000 to repair a bridge in Portage County, Wisconsin, that carries just 260 vehicles a day – mostly to an isolated saloon and a country club.
 

  • $1.3 million to Solon Township, Michigan to help pay for a wastewater treatment plant local residents don’t want. There’s no plan for the plant and local support for it is questionable. 

  • $3.4 million for an underground wildlife road crossing on U.S. Highway 27 for turtles and other wildlife in Lake Jackson, Florida. (A spokesman for the Florida Transportation Department said the project is needed for safety because turtles hit by vehicles can become flying projectiles. Seriously. He said that.)
  • $1.5 million in stimulus money to partially fund a new wastewater treatment plant in Perkins, Oklahoma. The new plant was originally scheduled to cost $5 million, but strings attached to the “stimulus” money will increase the cost to $7.2 million. As a result of the cost increases, the city will be forced to borrow the additional money and increase utility taxes by 60% to pay for it.

  • $300 road signs to be placed at construction sites to inform motorists that the project is being paid for by the “stimulus” money. 

  • $2.2 million to intall skylights in Montana’s state-run liquor warehouse.

We would like to propose an additional program:

$7.75 million to study the impact on rodents when money is pounded down rat holes.

Source: CNSnews.com

California bankrupt because it spent too much, not because it taxed too little

Would someone at the L.A. Times, San Francisco Chronicle or Sacramento Bee please explain how it’s possible for San Diego County to run up a $700 million surplus while the state of California is running up a $45 billion deficit?

These esteemed newspapers seem to think the only solution to the state’s legislature-induced suicide is more taxes, higher taxes, and really creative taxes.

Perhaps they should watch as Dianne Jacob, Chairman of the San Diego County Board of Supervisors, explains that California has a spending problem, not a revenue problem.

Source: BluegrassPundit.com

Shocking: Obama’s government spending follows same pattern as his personal spending

Conservatives often look at government spending, shake their heads and say, “They wouldn’t spend their own money like that.”

Turns out if you’re Barack Obama, you would. A new financial analysis indicates that he’s always spent far more than he made.

Here’s how The New York Daily News reports it:

In the words of Pink Floyd, "Money, money, money, money...money."
In the words of Pink Floyd, "Money, money, money, money...money."

A close examination of their finances shows that the Obamas were living off lines of credit along with other income for several years until 2005, when Obama’s book royalties came through and Michelle received her 260% pay raise at the University of Chicago. This was also the year Obama started serving in the U.S. Senate…

In April 1999, they purchased a Chicago condo and obtained a mortgage for $159,250. In May 1999, they took out a line of credit for $20,750. Then, in 2002, they refinanced the condo with a $210,000 mortgage, which means they took out about $50,000 in equity. Finally, in 2004, they took out another line of credit for $100,000 on top of the mortgage.

Tax returns for 2004 reveal $14,395 in mortgage deductions. If we assume an effective interest rate of 6%, then they owed about $240,000 on a home they purchased for about $159,250.

This means they spent perhaps $80,000 beyond their income from 1999 to 2004.

We have to admit that this information frightens us. Based on his past experience, we fear the President thinks he can pay off the nation’s skyrocketing debt by writing another best selling autobiography and getting Michelle another dubious, but highly-paid job.

Genius.

Source: New York Daily News via GatewayPundit.com

Headline of the Day
“Obama admits current spending is unsustainable”

“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

Oddly enough, it sounds as if he’s not aware that he’s the one doing all the spending.

Source: Bloomberg via Drudge

Like drunken sailors: U.S. spending $2.6 million to train Chinese hookers how to drink

Yeah, but can she handle her liquor?
Yeah, but can she handle her liquor?

This is one of those stories that’s so friggin’ unbelievable that our initial inclination was to think it was a joke.

Unfortunately, the joke’s on us.

Here’s how CNSNews.com reports it:

“The National Institute of Alcohol Abuse and Alcoholism, part of the National Institutes of Health, will pay $2.6 million in U.S. tax dollars to train Chinese prostitutes to drink responsibly on the job. ‘The purpose of the project is to try and develop an intervention program targeting HIV risk and alcohol use,’ Dr. Xiaoming Li, the researcher conducting the program, told CNSNews.com. The grant, made last November, is one of several ‘international initiatives’ sponsored by NIH.”

We had a story a few months ago about the U.S. government purchasing Chinese condoms. Now we’re teaching Chinese hookers how to drink responsibly.

We don’t really care if the Chinese whores are drunk. Nor do we care if the Chinese drunks are whores.

What bothers us is that we’re all getting screwed by the drunken whores in Washington, DC.

Source: CNSNews.com

Make big bucks with Obama’s Magic Money Machine™

anigif_obama-makes-it-rain-with-surprise-9371-1236962397-4Down on your luck? Out of work? Bank foreclosing on your house? Wish you had a source of unlimited money?

Well, now you do! It’s called Obama’s Magic Money Machine™. And you can have one of your very own for just three easy payments of $19.95 per month. In fact, forget that. Obama’s Magic Money Machine will pay youuuuuuu.

But wait, there’s more! Call now and in addition to Obama’s Magic Money Machine™, we’ll give you a ShamWow and a Snuggie absolutely freeeeeee! But you must call now, because this special offer is only good for the first 300,000,000 callers. Not an American citizen? That’s no problem, either. Just swim across the river and give us a call because we hablamos español, senors y senoritas!

Obama’s Magic Money Machine™. Personally endorsed by Barney Frank and Christopher Dodd. Call now 1-800-IHATETHEMEDIA.COM.

*Obama’s Magic Money Machine™ is a registered trademark of IHateTheMedia.com.

NOTE: This is a freakin’ parody. Do not call that phone number. For all we know, it belongs to some porn operation in Bangkok.

McCain chooses Twitter to reveal Top 10 Porkiest Projects

McCain, a lifelong opponent of earmarks, released his list of the top ten porkiest projects in the Omnibus Spending bill the Congress is about to pass. Did he hold a press conference or release a statement to the press? No, instead, he went to the new media–but not Facebook or Youtube. He choose the new rising star in social media, Twitter. He merely made a tweet yesterday that began with “”Tmr I am gonna tweet the TOP TEN PORKIEST PROJECTS in the Omnibus Spending bill the Congress is about to pass”. And his 110,000 followers were instantly alerted, who in turn most likely passed it on to millions of their followers within minutes.

And today he released them. Here is John McCain’s Top 10 Porkiest Projects list:

#10. $1.7M “for a honey bee factory” in Weslaco, TX

#9. $475,000 to build a parking garage in Provo City, Utah

#8. $200,000 “tattoo removal violence outreach program to could help gang members or others shed visible signs of their past” REALLY?

#7. $300,000 for the Montana World Trade Center – enough said

#6. $1 million for mormon cricket control in Utah – is that the species of cricket or a game played by the brits?

#5. $650,000 for beaver management in North Carolina and Mississippi”

#4. $2.1 million for the Center for Grape Genetics in New York – quick peel me a grape.

#3. $332,000 for the design and construction of a school sidewalk in Franklin, Texas – not enough $ for schools in the stimulus?

#2. $2 million ‘for the promotion of astronomy’ in Hawaii – because nothing says new jobs for average Americans like investing in astronomy”

#1. $1.7 million for pig odor research in Iowa”

We’re sure the traditional media is aghast at not receiving a call first. Well, they all better sign up and start following the important people on Twitter. Like us at Twitter.com/ihatethemedia.

Source: John McCain’s Twitter page, of course

Welcome to 1600 Porksylvania Avenue. Can we take you on a tour?

Just based on the following comment, some crafty publisher is probably preparing a book called, “The Wit and Wisdom of Our Fearless Leader.” Because this Obama guy, he’s a laugh riot.

“I know that there are a lot of folks out there who’ve been saying, ‘Oh, this is pork, and this is money that’s going to be wasted,’ and et cetera, et cetera,” President Obama glibly noted. “Understand, this bill does not have a single earmark in it, which is unprecedented for a bill of this size…There aren’t individual pork projects that members of Congress are putting into this bill.”

To that, we say, “If that ain’t pork we smell, they must be barbecuing ribs over at Harry Reed’s house.”

If the media won’t tell you what’s in it, we will. Here, thanks to the good folks over at National Review Online, is a brief list of the pork that peppers the “stimulus” bill: Continue reading “Welcome to 1600 Porksylvania Avenue. Can we take you on a tour?”

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