Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Sunday, November 24, 2013

If millions of families have to cut these things to afford Obamacare, what do you think that will do to our economy?

Heritage Foundation: See Everything This Mom's Cutting to Pay for Obamacare

Here are all the cuts they’ve come up with so far:
  • Stop paying the extra payment on my mortgage: $100/month
  • Stop eating out: $150/month
  • Don’t go to the movies: $36/month
  • Switch to getting a haircut every other month: $15/month
  • Stop getting manicures: $40/month
  • Stop monthly charitable donations to Wounded Warrior and Habitat for Humanity: $70/month
  • Stop saving for an annual anniversary getaway: $60/month
  • No Christmas gifts to extended family: $40/month
  • Quit buying beef at the grocery store: $100/month
  • Teeth cleaning only once per year: $30/month
  • Cancel all magazine/newspaper subscriptions: at least $30/month
  • Cut DISH service to cheaper plan: $50/month
  • Cancel land line phone service: $70/month

Saturday, December 15, 2012

Obama admin eliminated emergency preparedness program, let school violence prevention programs lapse

Beneath the expressions of grief, sorrow and disbelief over the Connecticut school massacre lies an uneasy truth in Washington: over the last few years the Obama administration and Congress quietly let federal funding for several key school security programs lapse in the name of budget savings.
READ MORE

Saturday, December 01, 2012

OUR DEBT IS NOT 16 TRILLION

Chris Cox and Bill archer pointed out in a Wall Street Journal article on
November 27th that our government has not been including Social
Security and Medicare liabilities when computing our national debt.
“The actual liabilities of the federal government—including Social Security, Medicare, and federal employees' future retirement benefits—already exceed $86.8 trillion, or 550% of GDP. For the year ending Dec. 31, 2011, the annual accrued expense of Medicare and Social Security was $7 trillion. Nothing like that figure is used in calculating the deficit. In reality, the reported budget deficit is less than one-fifth of the more accurate figure.”

“Why haven't Americans heard about the titanic $86.8 trillion liability from these programs? One reason: The actual figures do not appear in black and white on any balance sheet. But it is possible to discover them. Included in the annual Medicare Trustees' report are separate actuarial estimates of the unfunded liability for Medicare Part A (the hospital portion), Part B (medical insurance) and Part D (prescription drug coverage).

“As of the most recent Trustees' report in April, the net present value of the unfunded liability of Medicare was $42.8 trillion. The comparable balance sheet liability for Social Security is $20.5 trillion. The realworld impact will be felt when currently unfunded liabilities need to be paid. In theory, the Medicare and Social Security trust funds have at least some money to pay a portion of the bills that are coming due. In actuality, the cupboard is bare: 100% of the payroll taxes for these programs was spent in the same year they were collected.

“In exchange for the payroll taxes that aren't paid out in benefits to current retirees in any given year, the trust funds got nonmarketable Treasury debt. Now, as the baby boomers' promised benefits swamp the payroll-tax collections from today's workers, the government has to swap the trust funds' nonmarketable securities for marketable Treasury debt. The Treasury will then have to sell not only this debt, but far more, in order to pay the benefits as they come due. “
Mr. Cox, a former chairman of the House Republican Policy Committee
and the Securities and Exchange Commission, is president of Bingham
Consulting LLC. Mr. Archer, a former chairman of the House Ways &
Means Committee, is a senior policy adviser at
PricewaterhouseCoopers LLP.


Thursday, April 26, 2012

Have you ever questioned why Congress does not reduce spending and balance the budget?

The answer will shock you: they can’t!



Tuesday, April 17, 2012

An important message from Orly Taitz

No more red ink campaign by WND. Will it work?

Posted by Orly Taitz on April 16, 2012
WND unveiled a new campaign, plan B to save the country. What is it? For everyone to send to WND $29.99, so that WND will send 241 red letters from every person, who paid $29.99 to Republican members of the House of Representatives telling them: no more red ink, balance the budget.

First, I noticed that WND no longer mentions Obama eligibility. It appears that the only way they feel we can fight, is by sending letters to Congress, asking them to cut the budget.

What about Obama? Isn’t removing him from office and criminally prosecuting him represents the number one goal? But let’s go back to the budget.

In general it is always a good idea to balance the budget. We sent them to Congress with this mandate. We elected some 90 new Congressmen running on this very platform. What did they do? Nothing. Why so?

1. They know that the elections are badly rigged and manipulated, so they do not care, what you think or say. They care only what American Oligarchs, American billionaires running the show do or say.

2. American oligarchy on both sides of the isle could not care less about you or this country or deficit. They are pushing for the New World Order. They are making a killing by using slave labor in China and selling here with the maximum profit. Their idea of redistribution of wealth is redistribution from your pockets and from the US treasury into their pockets. They do not care that this country has an enormous debt. They do not care that you lost your jobs and you are unable to pay your mortgage, your children’s education and cover your retirement.

3. The government can balance the debt by cutting the number of federal employees and cutting the spending, however, what do we do next? Today we have some 80 million Americans of working age, who are unemployed, out of work force. 20% of white men and 47% of black man of working age are unemployed. So you can fire several hundred thousand federal employees. You can fire several million federal employees, but what’s next? You will simply increase the number of people on unemployment.

4. All of the scoundrels sitting in Congress, White House and other positions of power know the trick. If you want to cut the Red ink, first and for most you need to cut the leakage or actually the flood of American jobs going to slave labor in Red China and other third World countries. If you go back to sanity of tariffs, of taxes to be paid by corporations importing from those slave labor countries, it would no longer be profitable for them to manufacture there. They will have an incentives to invest here in American workers. When 80 million Americans are back at work and paying taxes to the treasury, our foreign debt will disappear.

Of course there are other issues that need to be addressed, but this is first and foremost.

So if you want to cut the red tape, cut the flood of American jobs leaving this country. Will people sitting in Congress today do it? No, because they are on the take, they are there precisely because they are corrupt, bought and paid for.Why do think we have this impotent cry baby Boehner as a Speaker of the House? Because he is a great leader? Give me a break.

You have to start by cleaning up the elections. After you clean up the elections process, after you go back to paper ballots with voters being present when those ballots are counted, you will be able to clean up the top positions of power, you will be able to throw all the scoundrels out of office and with clean people you would be able to achieve real results.

Do you remember us writing and sending letters and petitions to Congress not to pass the stimulus, not to give billions of dollars to the banks, which ran schemes and caused this recession? Did it work? No, those scoundrels in Congress couldn’t care less. Tea party revolution of 2010 did not change much. At the end we simply replaced a few old scoundrels with a few younger scoundrels and that was it.

Do you remember all of you paying to send multiple petitions to Congress and to the Supreme Court to hear the eligibility, ObamaForgeryGate on the merits? Did it help? No. Neither the Congress nor the Supreme Court cared, what we wrote in our petitions.

So you can send $29.99 to Joseph Farah of WND. But will it work? WND marketing department state that they have 6 million readers. I don’t know, if this is the case, but if it is, and if every reader sends roughly $30 bucks, it is $180 million dollars- a very respectable figure. If only one percent sends 30 bucks each, it is $1.8 million dollars. Still a respectable figure. But will it work in saving the country from corruption and from looting being committed by the same members of Congress on both sides of the isle? What do you think?

PS. If you want to spend $29.99, I would recommend buying and reading Throw Them All Outby Peter Schweizer. It is an amazing book, showing how members of Congress on both sides and Obama and their donors and benefactors are looting this nation. You can see how they were shorting the stocks, using their inside information, when the stock market was crushing and we all were losing our life savings. They were making a killing. You will see that though Obama regime is the most corrupt in the world history, many of the Republicans were not much better then their Democrat counterparts. You will see how John Boehner was shorting the stocks using the inside information. He wasn’t any less corrupt that Nancy Pelosi or Diane Feinstein. If we do not throw them out by cleaning the elections, sooner or later people will revolt and will throw this whole establishment out. I hope it will come through the peaceful means, but most people I talk to no longer trust the system, no longer trust the courts and believe that most judges are as corrupt as most congressmen. I wish it would be different…

Well, so what do you think? Will the new plan B by Joseph Farah of WND work?


Tuesday, April 10, 2012

Subsidiarity: where Catholics, Conservatives, and Libertarians agree

Ryan said that the principle of subsidiarity — a notion, rooted in Catholic social teaching, that decisions are best made at most local level available — guided his thinking on budget planning.

“To me, the principle of subsidiarity, which is really federalism, meaning government closest to the people governs best, having a civil society … where we, through our civic organizations, through our churches, through our charities, through all of our different groups where we interact with people as a community, that’s how we advance the common good,” Ryan said.

The Wisconsin Republican said that he also drew on Catholic teachings regarding concern for the poor, and his interpretation of how that translated into government policy.

“[T]he preferential option for the poor, which is one of the primary tenants of Catholic social teaching, means don’t keep people poor, don’t make people dependent on government so that they stay stuck at their station in life, help people get out of poverty out onto life of independence,” said Ryan.
READ MORE

Sunday, February 26, 2012

Chancellor Osborne: “The British Government has run out of money because all the money was spent in the good years”

Uh oh

They should have listened to Margaret Thatcher when they had the chance:
"The problem with socialism is that eventually you run out of other people's money [to spend]."


Sunday, September 18, 2011

Let's pretend...

I love it when complex things are simplified so that we can all understand.


Check this out in less than 60 seconds.

• United States Tax revenue: $2,170,000,000,000
• Fed budget: $3,820,000,000,000
• New debt: $ 1,650,000,000,000
• National debt: $14,271,000,000,000
• Recent budget cut: $ 38,500,000,000

Now, remove 8 zeros and pretend it's a household budget.

• Annual family income: $21,700
• Money the family spent: $38,200
• New debt on the credit card: $16,500
• Outstanding balance on credit card: $142,710
• Total budget cuts: $385

Sorta brings the issue "home" doesn't it?

Tuesday, August 02, 2011

They must think we're idiots

Budget Deal Doesn't Cut Spending

Monday, July 25, 2011

Budget reformers need to remember three things...

First, this is not a political fight between Republicans and Democrats; it is a fight against 50-year trends toward statism. Second, it is a moral fight, not an economic one. Third, this is not a fight that anyone can win in the 15 months from now to the presidential election. It will take hard work for at least a decade.

Consider a few facts. . .
CARPE DIEM: AEI's Arthur Brooks on the Debt Ceiling in the WSJ

Monday, July 11, 2011

Hey, wait...Obama already raised taxes in Obamacare!

The Wall Street Journal can barely believe that Barack Obama made $1 trillion in new taxes the cost to Republicans for raising the debt ceiling and making cuts in federal spending. Obama keeps saying that he has cut taxes, but the Journal reminds people that Obama has raised taxes, too — and in key ways that impact capital. The ObamaCare bill will raise taxes in a number of unpleasant ways, all in support of vast new federal spending and regulatory adventurism, with these just a few of the worst:
WSJ: Let’s not forget Obama’s already-imposed new taxes

Wednesday, May 25, 2011

97-0

Not A Single Senator Supports Barack Obama's Budget
The Democratic Senate has not come up with a budget in two years, thereby violating federal law. President Obama has not proposed a replacement for his laughable FY 2012 budget, which not a single member of Congress is willing to support. The Democrats have no budget; no plan; no path out of the fiscal disaster into which they have led the United States. They are bystanders and political opportunists, utterly unfit to govern.

Wednesday, April 13, 2011

A sad moment for our country

It is hard to imagine how a president could give a more mean-spirited and less substantial speech on a grave national crisis than Obama delivered today. Obama appears to be a man who understands little or nothing about business or the economy. For him, partisan politics is everything. We saw that today. It was a sad moment for our country.
Obama Channels Ted Kennedy

The President's Speech

Hugh Hewitt: Thoroughly Political and Left Wing and Utterly Unserious

Saturday, April 09, 2011

Let's make a deal

EXCERPT: Who Won the Shutdown Showdown? It Wasn't Even Close...
Over the next decade the cuts are expected to save hundreds of billions of dollars.

The deal mandates a host of studies and audits of Obama administration policies. It also blocks additional funds for the IRS sought by the Obama administration and bans federal funding of abortion in Washington, D.C.

The history of offers on this bill goes something like this. Democrats first offered no cuts, then $4 billion, then $6.5 billion, then $33 billion, then settled at $38.5 billion.

Boehner made numerous adjustments to his offer in recent days too, but started at $32 billion, then with a Tea Party push went to $62 billion, then dropped to $40 billion, then $38.5 billion.

Democrats claimed they met Republicans halfway after the $10 billion in cuts that already passed this year were approved. They settled late Friday night at three and a half times more.

Boehner came in $8.5 billion higher than the halfway point between his high offer of $61 billion in cuts and the Democrats opening bid of zero cuts.

It was not a totally lopsided bargain. Dems have some silver linings. There were no votes on defunding the EPA or PBS and NPR. Democrats fought for and won a $2 billion cut from the Department of Defense, knocking the military appropriation for the rest of the year down to $513 billion.

But the GOP had to be able to see this as a win in the end, because it is puny compared to what they want to do next.

House Budget Committee Chairman Paul Ryan's 2012 budget resolution proposes cuts of $5 TRILLION in the next 10 yrs...

Thursday, April 07, 2011

Tea Party vs. Obama

With Ryan's budget, the battle lines have now been clearly drawn. It's the Tea Party versus President Obama and the Democrat party, who are resisting any significant spending cuts, and are committed to doubling the size of the federal government relative to the economy, ultimately spending America into bankruptcy.
Paul Ryan's Adult Conversation