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Archive for the ‘Government Spending’ Category

Wonder what you would find if you frisked President Obama’s campaign speech on July 3, 2008? 

Answer: Apparently, it is irresponsible and “unpatriotic” to add $4 trillion to our national debt.

Interesting… Especially when this headline showed up on CBS News a couple days ago:

National debt has increased $4 trillion under Obama

The latest posting by the Treasury Department shows the national debt has now increased $4 trillion on President Obama’s watch.

The debt was $10.626 trillion on the day Mr. Obama took office. The latest calculation from Treasury shows the debt has now hit $14.639 trillion.

It’s the most rapid increase in the debt under any U.S. president.

The national debt increased $4.9 trillion during the eight-year presidency of George W. Bush. The debt now is rising at a pace to surpass that amount during Mr. Obama’s [first] term.

According to Obama, his own failed policies must have an “unpatriotic” element to them. After all, it was Obama and his Democratic Congress who managed to add another $4 trillion to our national debt in a quick two and a half years.

Democrats are trying to push back against Republicans who are using this story as ammo against President Obama’s campaign. They are attempting to use the dismal approval ratings of Congress to shutdown Republicans. The problem with this strategy is that the Democratic Party held the majorities in both the House of Representatives and Senate, but I guess they’re hoping the American people will be hit with amnesia. Also, if it is Congress’s fault for the extreme increase in our national debt, then wouldn’t it be then-Senator Obama’s fault for the trillions of dollars added on to our national debt under President Bush? Sorry, but you can’t have it both ways Democrats.

As for the Republicans, this video/audio clip is political gold for the 2012 presidential campaign and will soon be featured in dozens of political advertisements. Just wait and see.

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Above is a video clip from the hit television series The West Wing where Josh Lyman, the Deputy Chief of Staff to the president, thinks he can easily handle the White House press pool. Notice how he gets stumped at the end of the clip about an “inflation plan”. Instead of admitting that the president doesn’t have a plan to tackle the possibility of inflation, Josh decides to call the press pool stupid and tells that he does have a plan. Entertaining, right?

Now let’s comeback to reality.

Here’s a video clip of President Obama’s White House Press Secretary Jay Carney from earlier today:

Haha… Priceless! It’s crazy how The West Wing can mirror real life at times.

On a serious note, where’s the [real] president’s plan at???

Guy Benson – from Townhall.com – made an interesting point:

Since his unmitigated failure of a budget was unanimously defeated in the Senate, this president has refused to offer a specific plan of his own on virtually anything at all.  Instead, he talks about “visions” and “contours” and “frameworks” — and tries to blame his opponents when his poor leadership is exposed.  Over the last five days, the president has (a) undermined a bargain with John Boehner by introducing an unacceptable eleventh-hour condition, (b) rejected “out of hand” a bipartisan compromise that he found to be politically unpalatable, and (c) delivered a speech that painted his opponents as the intractable extremists.  In light of this behavior, it’s entirely reasonable for Americans to wonder what, precisely, Barack Obama’s proposed solution might be.  Today, the White House dismissively waived off that question as a GOP talking point and condescendingly inquired if the journalist who dared to ask it was capable of taking notes.

Well said.

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Wonder what you would find if you frisked the Democrat-controlled Senate today?

Answer: They voted down the FY12 Republican House budget.

Hot Air reports:

In a procedural vote that represented some pretty fine political grandstanding, the Senate this evening voted down the controversial House-passed budget, 57 to 40. Senate Majority Leader Harry Reid scheduled the vote to force conservative senators to go on the record in support of Rep. Paul Ryan’s budget plan — a plan opponents say will deprive seniors of adequate health care.

The vote roughly broke down along party lines, but Republican Sens. Scott Brown (Mass.), Susan Collins (Maine), Rand Paul (SC), Olympia Snowe (Maine) and Lisa Murkowski (Alaska) all broke ranks and voted against consideration of the budget.

It’ll be all too easy for Democrats to criticize Republicans who voted for the Ryan plan — but, before they do, they might want to consider this advice, offered in the preamble to the president’s own fiscal commission report:

In the weeks and months to come, countless advocacy groups and special interests will try mightily through expensive, dramatic and heart-wrenching media assaults to exempt themselves from shared sacrifice and common purpose. The national interest, not special interests, must prevail. We urge leaders and citizens with principled concerns about any of our recommendations to follow what we call the Becerra Rule: Don’t shoot down an idea without offering a better idea in its place.

So, what better idea have the Democrats offered? Still none. It’s been 756 days now and that number just continues to climb. The only budget to come from the left has come from the president — and that budget doesn’t exactly address what fiscal commission co-chair Erskine Bowles has called “the most predictable economic crisis in history.” The Congressional Budget Office found that the president’s FY 2012 budget would double the nation’s debt and would never achieve an annual deficit of less than $748 billion.

Leadership! Well… Maybe one of these days.

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Great video from U.S. Rep. Paul Ryan (R-WI) explaining what is currently wrong with Medicare and how his Path to Prosperity plan will fix it.

Power Line reports:

Medicare is heading for collapse, as all well-informed citizens know. The question is what to do about it. Democrats welcome the collapse, and have incorporated it as part of their strategy to force socialized medicine on unwilling Americans. Republicans, for better or worse, are trying to save the Medicare program in something like its present form.

[…]

[T]he best thing about the House Republicans’ approach is that it goes a long way toward restoring patient choice and market competition to our health care system. That won’t just benefit senior citizens, it will benefit everyone.

Bravo Rep. Ryan and keep up the good work.

As for the left’s response, here it is:

Demagoguery.

Reminder: Americans 55 years old or older will not be affected by Rep. Ryan’s plan anyway. Misleading? I think you know the answer.

*UPDATE* – May 25, 2011 – 10:45 pm

Rep. Ryan went on Fox & Friends this morning to defend his plan:

*UPDATE* – May 25, 2011 – 11:05 pm

Former President Bill Clinton told Rep. Ryan that he believes the Democrats need to do something about Medicare. ABC News reports:

“So anyway, I told them before you got here, I said I’m glad we won this race in New York,” Clinton told Ryan, when the two met backstage at a forum on the national debt held by the Pete Peterson Foundation. But he added, “I hope Democrats don’t use this as an excuse to do nothing.”

Ryan told Clinton he fears that now nothing will get done in Washington.

“My guess is it’s going to sink into paralysis is what’s going to happen. And you know the math. It’s just, I mean, we knew we were putting ourselves out there. You gotta start this. You gotta get out there. You gotta get this thing moving,” Ryan said.

Clinton told Ryan that if he ever wanted to talk about it, he should “give me a call.” Ryan said he would.

Oh, and it gets better. The New York Times reports:

Former President Bill Clinton, still widely considered one of his party’s foremost politicians, said on Wednesday that Democrats should cut a “reasonable” deal with Republicans on Medicare savings rather than conclude from Tuesday’s upset in a special Congressional election that bashing Republicans on the issue is the key to a party comeback in 2012.

[…]

Mr. Clinton, with some passion, returned to the topic at the end of an hour-long interview. “I think the Democrats are going to have to be willing to give up, maybe, some short-term political gain by whipping up fears on some of these things — if it’s a reasonable Social Security proposal, a reasonable Medicare proposal. We’ve got to deal with these things. You cannot have health care devour the economy.”

Great soundbite.

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Wonder what you would find if you frisked the Democrats’ claim that they can solve the country’s fiscal problems by raising taxes on the so-called “rich”?

Answer: There’s not enough of those “rich people” to raise taxes on. 

Props to the Wall Street Journal and Power Line for reporting this story:

This chart from the Wall Street Journal tells you pretty much all you need to know about the credibility of the Democrats’ claim that they can solve the country’s fiscal problems by raising taxes on “the rich.” The chart, based on 2008 IRS data, shows how much total income was reported by Americans in each income range.

Click to enlarge.

Notice where all the money comes from.

The problem with rich people (or, more properly high income earners) is that there aren’t enough of them. Upper-income taxpayers are already paying around double their fair (pro rata) share of federal income taxes on the average, and there simply aren’t enough dollars at the high end to pay for the Democrats’ spending spree, even if the Dems try to steal them all. The only way to balance the budget through tax increases is by going where most of the money is–the $50,000 to $500,000 adjusted gross income range.

In the end, if President Obama wants to solve our fiscal problems by increasing taxes, he would have to go after the middle-class. Good luck proposing that plan to the American people.

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Wonder what you would find if you frisked Vice President Joe Biden during President Obama’s failed budget speech?

Answer: He appeared to be a little tired.

Oops!

The Los Angeles Times reports:

Vice President Joe Biden was given another big job by President Obama on Wednesday and the burden may have driven Obama’s go-to guy into a moment of sleep or, at least, contemplation.

Biden, who has more than a nodding acquaintance with deficits, debts and federal budget woes, was caught apparently deep in thought or catching a few winks while Obama outlined his plan for dealing with the deficit.

Don’t worry, because Joe Biden did not miss much. President Obama simply resorted to a bunch of recycled rhetoric he has used in the past. His plan to fix our deficit: Spend more taxpayer money, borrow more, tax the so-called “wealthy”, and cut defense. In other words, it was all expected. President Obama is a liberal who adores big government and tiptoes around our enormous entitlement programs (Social Security, Medicare, Medicaid) which are pushing us closer to the edge of a real crisis.

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It’s official folks! US Rep. Paul Ryan (R-WI) released his budget plan that cuts $6.2 trillion in spending over the next ten years. Also, he released an awesome Path to Prosperity video to go along with it.

His plan eliminates hundreds of duplicative programs, reflects the ban on earmarks, curbs corporate welfare, brings government spending to below 20 percent of the economy, and much more!

US Rep. Ryan (R-WI) and the House Committee on the Budget reports:

The current path – which the President’s irresponsible budget commits us to – will result in a debt-fueled economic crisis, the shredding of the safety net, and a diminished future. Americans deserve better than empty promises from a government going broke. The budget advanced by the House Budget Committee ensures real security through real reform. The House Budget Committee’s FY2012 Budget Resolution helps spur job creation today, stops spending money the government doesn’t have, and lifts the crushing burden of debt. This plan puts the budget on the path to balance and the economy on the path to prosperity.

When it comes to addressing the crushing burden of debt, Rep. Ryan’s budget plan tackles it:

By continuing Washington’s spending spree, the President’s budget adds $13 trillion dollars to the debt over the next decade. Under his budget, debt held by the public would double by 2016 compared with the President’s first year in office, and triple by the end of the budget window.

By failing to address the unsustainable growth of autopilot spending programs, the President’s budget commits this nation to a crushing burden of debt. The CBO estimates that under the President’s budget, debt held by the public will near 90 percent of the entire economy by the end of the decade. The explosive growth of debt will continue in the years ahead. The CBO projects debt as a share of the economy to grow to 146 percent in 2030, 233 percent in 2040, and an unfathomable 344 percent in 2050.

If policymakers continue down the present course, the consequences will be dire.  American families are still reeling from the hardships of the recent economic downturn, and millions of individuals remain out of work. Yet Washington continues to erect to new barriers to growth, to raise the hurdles to sustained private-sector job creation, and – most distressingly – to accelerate the nation ever-faster toward a debt-fueled economic crisis.

[…]

The Path to Prosperity lifts the crushing burden of debt, making it possible for the economy to grow and for Americans to prosper. This budget would cut trillions of dollars from the debt relative to the President’s budget in every year of their long-term analysis. In 2022, the debt would be over 25 percent lower than would be the case under the status quo; 56 percent less in 2030; 79 percent in 2040. By 2050, this budget would cut the debt in half relative to where it stands today, lifting nearly $120 trillion of debt relative to the President’s path.

Click here to view full report!

Although I have only scratched the surface here, I am extremely excited about Rep. Ryan’s Path to Prosperity. There are some mighty big numbers in there and naturally it has quickly come under attack from the Democrats. Former House Speaker Nancy Pelosi (D-CA) has already decided to share her baffling two-cents.

WARNING: Statements about grandma being forced to eat dog food because of heartless Republicans and their insane crusade for solvency will be a staple of Democratic talking points, especially with the White House desperate to win back seniors alienated by ObamaCare.

Oops… It has already started. Go figure.

*UPDATE* – May 25, 2011 – 9:55 pm

Reminder: Americans 55 years old or older will not be affected by Rep. Ryan’s plan, but does that fact stop the opposing political party from creating misleading ads like this?:

Nope.

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