Showing posts with label 2012 budget. Show all posts
Showing posts with label 2012 budget. Show all posts

Wednesday, February 22, 2012

Unemployment could rise again

"Unemployment could rise back to 9 percent of the U.S. population in February, according to a Gallup survey released Tuesday, painting a grim picture for the Obama administration, which had been temporarily buoyed by promising jobs figures at the end of January." The Hill

Now, why would that be happening since things looked good in January?

1) Killing Keystone pipeline RealClearPolitics

2) The new budget is about as transparently, blatantly anti-economy as we could ask for with higher taxes. Wall Street Journal

3) The HHS Mandate on "reproductive health" which doesn't reproduce and isn't very healthy is an obvious buy off of his support among radical, anti-life feminists, and the phony "compromise" just made the President look "compromised" after it was learned his only advisors were the pro-abortion crowd. Faith and Family

And that's just in recent weeks. The only American enjoying the good life these days is Mrs. Obama, now on her 12th vacation. No wonder she left town.

Thursday, April 14, 2011

Democrats lie about Ryan's plan, and don't even blush

Tonight on Fox I watched a Democrat being interviewed about the lack of specificity in Obama's budget speech, and instead of answering about Obama, he chose to attack Republicans, and even then had no specifics except they want to destroy Medicare. Huh?

Wall Street Journal has unpacked the Democrats' criticism of Ryan's plan, which many people really like, even though he doesn't provide any specific tax cuts. And no, unlike Obama, he doesn't suggest raising taxes during a recession (which technically is over, aren't you glad?)

Here are some highlights, but read the whole editorial.
Federal deficits have increased 259% over the last three years and the Ryan budget starts to repair the damage. It would bring next year's deficit below $1 trillion, down from estimates of roughly $1.6 trillion for 2011. . .

Mr. Ryan proposes smaller deficits for the next 10 years, falling to 1.6% of GDP in 2021 versus 4.9% for the White House. According to CBO, debt held by the public falls to 67.5% of the economy a decade from now from about 69% today, while it rises to 87.4% in Mr. Obama's version. . .

Mr. Ryan's plan [called premium support] is that it offers the true health-care reform that Mr. Obama promised but which vanished in the political drive to put 30 million more Americans on the government rolls. Economists from the center-left to center-right have been recommending premium support for decades, and it was first proposed by Stanford's Alain Enthoven in the New England Journal of Medicine in 1978.

Some version has since been endorsed by everyone from President Clinton's 1999 Medicare commission, chaired by Democrat John Breaux, to Bob Dole and Tom Daschle in 2009. Another iteration was floated this week by a group of Nobel laureates including Ned Phelps, Vernon Smith and George Akerlof.
Heritage says that one of the key provisions of Ryan's plan is eliminating Fannie and Fred.

Ryan's Roadmap
Until recently, Americans were known and admired everywhere for their hopeful determination to assume responsibility for the quality of their own lives; to rely on their own work and initiative; and to improve opportunities for their children to prosper in the future. But over time, Americans have been lured into viewing government – more than themselves, their families, their communities, their faith – as their main source of support; they have been drawn toward depending on the public sector for growing shares of their material and personal well-being. The trend drains individual initiative and personal responsibility. It creates an aversion to risk, sapping the entrepreneurial spirit necessary for growth, innovation, and prosperity. In turn, it subtly and gradually suffocates the creative potential for prosperity.

Wednesday, April 13, 2011

Free DC to be more corrupt?

The Mayor protests giving DC children a chance at a good education with DC scholarships (vouchers), or even a life. And he wants statehood.

. . . the mayor of Washington, D.C., Vince Gray, already serving under a cloud of corruption, was arrested while protesting Congress’ budget agreement. Gray, city council members and more than 200 protesters blocked Constitution Avenue and diverted police resources, shouting, “Free D.C.” and “We can’t take it no more,” all in response to new restrictions on spending that Congress placed on the District of Columbia. But they should have been protesting outside Constitution Hall, not the Capitol, because that is where the Framers created the role for our nation’s capital that Gray is complaining about today.

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Budget deal axes 'czars' already gone

No Obama Czars lost their heads in the budget deal. They were either promoted or already gone. Are Republicans this easy to fool? Unfortunately, yes. That's why they need the Tea Party.

Budget deal axes 'czars' already gone - Robin Bravender - POLITICO.com
House Republicans attached an amendment to a spending bill that passed the chamber in February to block funding for nine White House policy advisers. Louisiana Republican Rep. Steve Scalise, the author of that amendment, warned at the time against what he called "a very disturbing proliferation of czars" under President Obama.

"These unappointed, unaccountable people who are literally running a shadow government, heading up these little fiefdoms that nobody can really seem to identify where they are or what they're doing," Scalise said in February. "But we do know that they're wielding vast amounts of power."

Senate Democrats at the time vowed to fight the measure, calling the language "an intrusive micromanagement of the president's White House staff via appropriations."

With the narrower anti-czar rider, both sides have an opportunity to claim victory. Republicans walk away with the talking point that they dethroned unelected officials playing key roles on controversial policy initiatives; the White House and Senate Democrats can claim they protected most of the advisers that matter — those who are still there.

Tuesday, April 12, 2011

The Budget, NPR and Planned Parenthood

$38.5 billion in cuts is peanuts and meaningless. Dropping the funding for NPR and Planned Parenthood would have meant nothing for their budgets--rich donors would have stepped forward, but both Republicans and Democrats are eyeing a bigger battle down the road, and seem to want to save their ammunition.

Planned Parenthood’s Abortions Every 95 SECONDS: PP Spent $1M Electing Democrats

The real reason the Republicans caved on NPR and Planned Parenthood

But here's something you can defund on your own--The Susan G. Komen Breast Cancer Foundation--it supports Planned Parenthood, even though abortion puts a woman more at risk for breast cancer. And using the "emergency contraception pill" increases it even more. KNOW YOUR CHARITY!

Update: Review & Outlook: Spending Cut Hokum - WSJ.com April 13 WSJ: It's not even $38.5! "A mini-revolt is brewing among Republican backbenchers on Capitol Hill now that the specific spending cuts in Friday's budget deal are being revealed. After separating out the accounting gimmicks and one-year savings, the actual cuts look to be closer to $20 billion than to the $38 billion that both sides advertised. This is not going to help Speaker John Boehner's credibility with the tea party."

Sunday, April 10, 2011

Fiscal Year 2012 Budget from the House Committee

Let's hear it for Representative Paul Ryan who takes us on the Path to Prosperity. ". . . it cuts $6.2 trillion in spending from the president's budget over the next 10 years, reduces the debt as a percentage of the economy, and puts the nation on a path to actually pay off our national debt. Our proposal brings federal spending to below 20% of gross domestic product (GDP), consistent with the postwar average, and reduces deficits by $4.4 trillion." (WSJ, April 5, 2011)

I don't think they'll get these cuts--no guts no glory, it's the same old story. Too bad the Republicans only get fiscally responsible when the other guy's in office.

"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."Fiscal Year 2012 Budget | Committee On The Budget