Budget Crisis « Cristy Li

Archive for the ‘Budget Crisis’ Category

Pelosi: I Think Congressional Pay Cut Undermines Dignity of the Job that We Have Rewarded

Friday, February 15th, 2013

(The Hill) House Minority Leader Nancy Pelosi (D-CA) said yesterday that she opposes a cut in congressional pay of $174,900 because it would diminish the dignity of lawmakers’ jobs.

“I don’t think we should do it–I think we should respect the work we do,” Pelosi told reporters on Capitol Hill. “I think its necessary for us to have the dignity of the job that we have rewarded.”

Nancy Pelosi’s comments were made in the context of the looming Obama Sequester which would force across-the-board-cuts that would affect most federal offices including Members of Congress pay–with lawmakers nowhere near a deal to avert those cuts, federal agencies are bracing for ways to absorb them.

Exposing the Absurdity of Washington’s Anti-Sequester Hysteria

Posted in Barack Obama, Budget Crisis, California, Democrats, Economy, Nancy Pelosi | No Comments »

Florida Sen Marco Rubio’s Vision For America Preferred Over ‘Hoax-n-Chains’ by a Large Margin

Wednesday, February 13th, 2013

Obama Spending Priorities (Gateway Pundit/FOX News) FOX News State of the Union “Focus Group” Tuesday evening preferred Florida Sen Marco Rubio’s vision for America over “Hoax-n-Chain’s” big government expansion by a large majority.

The FOX News ‘Focus Group” also didn’t believe that Obama was serious about cutting spending.

Dr Ben Carson Reviews Obama’s SOTU Speech –The Black Sphere

Posted in Barack Obama, Budget Crisis, Economy, FOX News, Sen Marco Rubio | No Comments »

Nancy Pelosi: We Don’t Have a Spending Problem

Monday, February 11th, 2013

House Minority Leader Nancy Pelosi, D-CA –Image: For America

(Townhall) The latest bit of fiscal denialism from House Minority Leader Nancy Pelosi was the claim on FOX News Sunday, “….So it is almost a false argument to say we have a spending problem, we have a budget deficit problem.”

Hey Nancy, what causes deficits?

Posted in Budget Crisis, Economy, Loony Liberal Lefties, Nancy Pelosi | No Comments »

Obama Taken to Woodshed on PC, ObamaCare and Fiscal Irresponsibility at Natl Prayer Breakfast

Friday, February 8th, 2013

Wannabe Imperial President Set Straight Natl Prayer Breakfast –Twitchy

(Breitbart) World renowned Pediatric Neurosurgeon Dr Ben Carson yesterday slammed political correctness, ObamaCare and the national debt at the 61st annual Natl Prayer Breakfast in front of the Emperor himself.

Zondervan Author Ben Carson Gives Keynote at Natl Prayer Breakfast

Neurosurgeon Calls for Market-Orientated Healthcare Reform

Posted in Barack Obama, Budget Crisis, Economy, ObamaCare | No Comments »

Obama’s Watch: Economy Contracts in 4th Quarter Now -0.1%

Wednesday, January 30th, 2013

U.S. Economy Contracts in 4th Qtr Now -.01% –Wall Street Journal

Dem’s Think Its Funny: ‘Best Looking Contraction–You’ll Ever See’

Posted in Barack Obama, Breaking News, Budget Crisis, Democrats, Economy | No Comments »

Obama’s Watch: Did You Know Taxpayers Subsidize the Popcorn Industry

Monday, January 28th, 2013

Congress Subsidizes Popcorn Promotion –Economic Freedom

(Crony Chronicles) Popcorn is a great snack (that I frequently indulge) many Americans seem to agree since the average consumption of popcorn was 52 quarts per person in 2011

One wouldn’t think that the popcorn industry given the annual consumption of popcorn by Americans, would need any other help from the taxpayers in marketing their product but never the less, Congress in its infinite wisdom, authorizes spending to promote this popular snack food despite our out of control $16.4 Trillion+ federal deficit during Obama’s Watch.

More here from McClatchy

Posted in Barack Obama, Budget Crisis, Democrats, Republicans | No Comments »

Obama’s Era Of Fiscal Irresponsibility

Monday, January 21st, 2013

No High-Fives For These Kids –American Spectator

Posted in Barack Obama, Budget Crisis, Economy | No Comments »

Federal Welfare Spending to Skyrocket Next 10 Yrs

Wednesday, January 16th, 2013

Federal Welfare Spending Forecast Next 10 Yrs –Weekly Standard

Obama’s Watch: The Real Unemployment Rate for December 22.4%

H/T: Lana Wong

Posted in Barack Obama, Budget Crisis, Economy, Obama Administration | No Comments »

Obama Admin Intends to Ignore Federal Law Requirement to Submit Timely Budget Proposal

Monday, January 14th, 2013

Mein Fuhrer Barack Hussein Obama –Breitbart

(The Hill) The White House has informed House Budget Committee Chairman Paul Ryan, R-WI by letter that it will not meet its deadline to submit a budget to Congress timely, despite the Budget and Accounting Act of 1921 which specifies when the White House budget proposal must be submitted.

The Obama Administration blames their shortcomings this time–on tax and spending issues that went unresolved until passage of the fiscal cliff boondoggle earlier this month.

When is the Obama Administration going to begin taking responsibility for anything, without blaming others for their failures?

H/T: KFI AM 640 Burbank

Posted in Barack Obama, Budget Crisis, Economy | No Comments »

Obamabonds? White House Won’t Rule It Out

Wednesday, January 9th, 2013

Obamabonds –Net Right Daily

(Politico) What does a president give to himself who doesn’t believe that we have a spending problem–the authority to raise his own credit limit and spend as much money as he wants.

White House Press Secy Jay Carney today during his daily press briefing would not rule out the possibility that the Obama Administration won’t mint a $1 Trillion coin to keep its spending spree going.

In 2011, Kurt Brouwer, Chairman of Brouwer & Janachowski a financial advisory firm in Northern California wrote in WSJ/MarketWatch that the U.S. won’t default on its debt obligations if Congress doesn’t raise the “debt limit” despite all of the hyperbole by the dinosaur media and loony liberal lefties–there is sufficient receipts for the government to continue making interest payments, it will just have to prioritize spending if the debt ceiling isn’t raised.