Archive for the ‘Budget Crisis’ Category

Meet The RINOS Responsible For the Pork-Laden 1200+ Page Immigration Bill Passing the Senate

Friday, June 28th, 2013

Meet The RIBO'sMeet the RINO’s Responsible For the Senate Pork Filled Immigration Bill Passing Image: Obama’s the Worst President in American History

Related: Immigration Bill Riddled with Pork –Breitbart

Immigration Bill Has Free ObamaCar’s for Youths

Gang of Eight Bill: Middle Class Devastation with a Side Order of Pork

H/T: Michelle Foster

Obama’s Watch: USDA Slashes WIC to Subsidize Wineries

Thursday, June 20th, 2013

Gun Control --I Am A Conservative Woman

(Breitbart) On Wednesday, Sen Tom Coburn (R-OK) penned a letter to Secy of Agriculture Tom Vilsack, pointing out waste and abuse of taxpayers money within his department that could be eliminated in order to pay for ‘Women, Infants & Children (WIC) assistance that the Agriculture Dept slashed for 600,000 recipients.

Coburn pointed out that despite sequestration , USDA representatives held ‘a workshop on the agency’s economic development and affordable housing programs’ for residents of Martha’s Vineyard–Clearly ‘affordable housing’ is not the key issue in an area where the least expensive home (2 bedroom condo) is listed at $260,000

In fact Coburn pointed out that all of Martha’s Vinyard (where the Democrat elitist’s spend their Summer’s) has been designated a rural area, eligible for USDA taxpayer-backed home loans.

Related: USDA Wasted $45,000 on West Virginia Bloody Mary Mix Co

California Tax Revenue Fall After Prop 30 Tax Hike

Friday, June 14th, 2013

California Tax Liability

(Cal Watchdog) According to the Franchise Tax Board, the highest 1% of income earners will pay more than $2 Billion less in taxes in 2013 than last year.

That’s not surprising, a recent survey found that 75% of affluent California residents are planning actions to reduce their tax liabilities and the other 25% are considering exiting California all together.

On the 14 May, 2012 I wrote here that California’s out of control budget crisis is a result of overly burdensome regulations, ever increasing taxes and out of control spending–the present economic catastrophe unfortunately was all too predictable and the only solution remains is a robust  supply-side economic plan that will create incentives for real economic expansion, resulting in an increasing tax base and new revenue streams.

The news of falling tax revenues once again proves this correct.

Related: Solving the Mess in California –Prager

30 Year Federal Budget Deficit $106 Trillion+

Thursday, June 13th, 2013

Federal Budget Deficit Projection

(Natl Review) President Obama made something of an admission with a small group of Republican Senator’s in March about the size of Medicare and the federal budget deficit.

“The problem you have reforming Medicare is that for every dollar Americans pay into the system they’re going to get three dollars in benefits. Americans don’t understand that.”

Three months later, Sen Ron Johnson (R-WI) and his fellow Senate Republicans attempting to work with top Obama Administration officials, define how big (out of control) the federal entitlement program actually is–their proposal is to agree on the size of the problem before tackling reforms to solve it.

Obama Administration officials came into the meeting reiterating President Obama’s position that $4 Trillion in deficit reduction would basically solve the problem for now but according to GOP 30 year deficit projections prepared by Johnson and obtained by The National Review the true size of the problem is staggering and surprised even the most seasoned budget negotiator.

Obama’s rhetoric of $4 Trillion in deficit reduction doesn’t touch the real problems we face–try $106 Trillion the medium estimate, even the lowest conservative estimate is $72 Trillion, the highest $120 Trillion.

How much worse will ObamaCare balloon the deficit, making matters much worse?

Related: Obama Family Africa Trip to Cost Taxpayers $60–$100 Million

More Than 1000 IRS Employees Misused Govt Credit Cards –CNS News

Obamanomics Is a Failure UCLA Anderson Forecast Reports

Wednesday, June 5th, 2013

Great Recession

(AP) The “Great Recovery” hasn’t materialized and the economy has fallen short of even normal growth according to a forecast released today.

The 2nd Qtr UCLA Anderson Forecast says the growth of real GDP meaning the inflation adjusted value of goods and services produced–falls short of the rates required for the national economy to truly recover from the most recent recession.

Related: Its Not a Recovery-Not Even Normal Growth, Its Bad -LA Times

HHS Believes Americans are So Stupid, They Must Teach Us How to Apply for ObamaCare

Friday, May 10th, 2013

Stop And SpellStop & Spell –Image Courtesy: Teachers Paradise

(FOX Nation) The Obama Administration believes that Americans are just so stupid (except when Democrat/Progressives want you to vote for them) that Health & Human Services (HHS) Secy Kathleen Sebelius announced yesterday that HHS will spend waste $150 Million of the taxpayers money to teach people how to enroll in ObamaCare.

How many weeks of White House tours would that $150 Million have paid for, after them so called apocalyptic sequester spending cuts went into effect that Obama claimed would slowly cripple federal agencies and result in mass employment casualties?

Obama’s Watch: Feds Spend $402,721 For Underwear That Detects Cigarette Smoke

Wednesday, May 8th, 2013

Wasteful Federal SpendingWasteful Federal Spending –Image: Syracuse.com

(CNS News) The Natl Institutes of Health awarded a $402,721 federal research grant to the University of Alabama which has produced a “very early prototype” of a monitoring system that can detect when a person smokes a cigarette.

Sounds like a really vital necessity to be researching, given our nations $16,841,535+ Trillion out of control federal budget deficit.

Obama’s Sequester: Majority of Americans Still Not Concerned

Thursday, May 2nd, 2013

Obama's Sequester

(Gallup) Majority of Americans are still not concerned about ‘Obama’s Sequester’ despite his fear mongering–recent airline delays appear to have had no impact on the public assessment.

Related: Obama’s $25 Million Hotel & Car Rental Tab on Last Mexico Trip

What Sequester? Star’s Align (Again) at Obama White House

Imagine a World Without Balloons, Congress Votes 394-1 to Save the ‘Federal Helium Reserve’

Friday, April 26th, 2013

Balloons3D Birthday Balloons in 3D Max –Polygon Blog

(National Review) Speaking on the House floor on Thursday, Loony Liberal Lefty Rep. Hank Johnson (D-GA) stood up for some most important ‘victims’ of Congressional gridlock,  Children’s Birthday Parties and Comedians.

Discussing a bill to continue the federal government’s sales from the Natl Helium Reserve Johnson said, “…Imagine Mr Speaker, a world without balloons.”

Today, according to The Wall Street Journal the House of Representatives on a vote of 394-1 passed legislation to stop the closure of the Texas based Federal Helium Reserve which contains a 1/3 of the worlds helium supply.

The Federal Helium Reserve was created after World War 1 when we imagined a world where blimps would be the future of air travel and vital to our national security.

Its good that Congress before their recess next week took care of this impending crisis, what would happen to our nation without federal supplies of helium to fill all of those blimps that our nations commerce and commercial passenger aviation relies.

Obama’s Watch: U.S. Debt to GDP 105%

Friday, April 26th, 2013

USA Is Like GreeceObama’s Watch: Total U.S. Debt to GDP 105% –Zero Hedge