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Posts Tagged ‘National Debt’

The USDOT was about to shut down construction projects and furlough about 2000 employees on Monday.  Who is to blame?  Senator Bunning who should, as Laura Ingram pointed out on her show yesterday, should win some kind of an award for trying to avoid further debt spending..

The Department of Transportation (WAS EXPECTED- Sic) will furlough nearly 2,000 employees without pay Monday, temporarily shutting down highway reimbursements to states worth hundreds of millions of dollars, national anti-drunk driving efforts, and multi-million dollar construction projects across the country.

The action comes as a result of Kentucky Sen. Jim Bunning’s decision to block key legislation that would have extended several critical priorities for middle class families. That legislation covered tax credits for COBRA health coverage, unemployment insurance for 400,000 people, as well as the short-term extension of the Highway Trust Fund. The Fund supports all surface transportation programs for the nation – highways, bridges, transit and safety inspections, as well as efforts to encourage seat belt use and to fight distracted and impaired driving.http://www.dot.gov/affairs/2010/dot3610.htm

We understand some of these projects are probably necessary, but when it comes down to putting in sidewalks in the Virgin Islands and making the entryway more appealing at Sequoia National Park- you have to stop right there and say enough is enough.  These are not projects that we would define as critical as LaHood claims.

LaHood saying, “The action comes as a result of Kentucky Sen. Jim Bunning’s decision to block key legislation,” is politics at its best.  The action comes on the heels of the largest debt the U.S. has ever-seen with President Obama signing away billions in federal funding.

The mention of spending  federal funds for seat belt education just boils my blood.  Mandatory seat belt laws gave police the right to pull you over and cite you with a ticket if they see you driving with out being buckled up.  Click it or Ticket.   In our state you are required then to attend a government sponsored traffic and education program that you are also required to pay for. 

We wear our seat belts not because the government makes us but because it saves lives. In fact we were rear ended by a drunk who managed to literally leave tire tracks on the driver side doors.  Kids in the car seats with adults buckled up thankfully.  We were okay, he on the other hand flew through the window.  Jackass.  MADD- Mother’s Against Drunk Driving has good intentions but to receive federal funding at a time when many Americans can’t afford to buy a new car? 

“The Senate acted late tonight to break its logjam, extending the Highway Trust Fund for another 30 days,” wrote Ray LaHood http://fastlane.dot.gov/2010/03/senate-extends-highway-trust-fund-dot-employees-back-on-the-job-wednesday.html.

Here’s a look at some of the “critical” construction projects that you are paying for:

Federal Lands Construction Affected By Furlough  
State Project Cost
Alaska Tongass National Forest road clean up $1,100,000
Alaska Coffman Cove Dock construction $885,000
Arizona Coronado National Monument main park entrance $1,500,000
Arkansas East Fly Gap and Gunner Pool Roads landslides restoration $923,000
California Sequoia National Park main entrance $15,000,000
California South Fork Smith River $13,800,000
California Golden Gate National Recreation Area road construction $8,700,000
District of Columbia 9th Street Bridge replacement $50,000,000
Georgia Chicakamauga & Chattanogga National Military Park constrution $634,000
Idaho Salmon River Road Nez Perce National Forest consctruction $20,133,000
Idaho Little Salmon River Bridge Nez Perce National Forest intersection $3,800,000
Idaho Fernan Lakes Idaho Panhandle National Forest $14,600,000
Illinois McRraven Road reconstruction $1,100,000
Maryland Great Falls Park entrance road construction $3,100,000
Maryland Piscataway National Park erosion and slope damage repair $89,000
Mississippi Natchez Trace Parkway resurfacing $8,100,000
Mississippi Natchez Trace Parkway trail construction (Ridgeland County) 5,600,000
Mississippi Vicksburg National Military Park road rehabilitation and resurfacing $5,000,000
Mississippi Natchez Trace Parkway trail construction (Madison County) $4,700,000
New Mexico Carlsbad Caverns National Monument roadway rehabilitation $9,000,000
North Carolina Newfound Gap road rehabilitation $9,900,000
North Carolina Blue Ridge Parkway reconstruction and resurfacing $6,000,000
North Carolina Goshen Creek Bridge replacement $3,000,000
Ohio Fitzwater Road bridges replacement $4,400,000
Oregon Beaver Creek Road Ochoco National Forest $6,200,000
South Carolina Ft. Sumter Historic Site entrance road and parking area rehabilitation $262,000
Tennessee Cades Cove Loop Road rehabilitation $6,700,000
Tennessee Shilo National Park tour roads and parking area rehabilitation $3,000,000
Tennessee Catossa Wildlife Management Area bridge replacement $1,000,000
Utah Bear River Access Road $13,800,000
Virginia/DC George Washington Parkway Humpback Bridge replacement $36,000,000
Virginia Blue Ridge Parkway reconstruction and resurfacing $12,000,000
Virginia Petersburg Park tour road relocation $1,500,000
Puerto Rico Vieques National Wildlife Refuge road and bridge reconstruction $6,000,000
Puerto Rico El Yonque National Forest slide repair $3,000,000
U.S. Virgin Islands Christiansted Bypass construction $14,000,000
U.S. Virgin Islands Centerline Road reconstruction $9,000,000
U.S. Virgin Islands St. John roundabout construction $7,200,000
U.S. Virgin Islands Long Bay Road reconstruction $5,500,000
U.S. Virgin Islands University of Virgin Island sidewalk construction $988,000
U.S. Virgin Islands North Shore Road reconstruction $448,000

Enough with the national monuments and national parks, how about fixing some simple potholes on the nation’s highways first?

Note that 37.5 million is being spent in Nancy Pelosi’s home state of California, and 37.2 million in the Virgin Islands.  Yes, the Virgin Islands- must be all that snow that they are getting from global warming tearing up the road surfaces.

All those projects and only 2000 employees were going to be effected?  What?  Are these the people that sit in offices or the actual construction workers themselves?  How much money are we talking about in salary for these 2,000 people? How much money did everyone of those stupid dot gov recovery gov signs cost?  There’s some savings for you!

More information is also available at Secretary LaHood’s twitter account, www.twitter.com/RayLaHood, and at his facebook page, www.facebook.com/sec.lahood. should you want to ask him why the investigation of Toyota has taken so long as well.

As for Bunning, pretty disgraceful of the Republicans to not stand by his side.  He may be long off the pitcher’s mound, but don’t think for one minute he isn’t going to throw another curve ball when it comes to spending.

Next time around, we would hope the Republicans, and hope against hope that some Democrat would rise up and catch the foul ball in the debt game that the Senate is playing. 

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As Senator Bunning has voted no to unemployment benefit extensions, the government is blaming winter for higher jobless rates!

Where’s the money honey?  There isn’t anymore.  Period. 

Finally someone, that person being Senator Bunning, has stood up in halt the extension of unemployment benefits to stop the sucking sounds coming from our national debt. 

Claiming he already explained why he was filibustering a bill, he refused to talk to the press en route to the Senate Floor…

Senator Bunning was even more expressive before the cameras arrived, using a little sign language.  When Senate producer Z. Byron Wolf spotted Bunning exiting his office, Bunning said, “I’m not talking to anybody.” When Wolf asked him to stay and talk to our cameras, Bunning walked toward the elevator and shot the middle finger over his head via http://crooksandliars.com/john-amato/sen-bunning-tells-abc-senators-only-ele

Too bad more Senators and Americans don’t use that finger more often at the abuse our Constitution and the U.S economy is taking under President Obama.  Yes we get that we need health care reform and a whole lot of other things too, but the way to do it is to lower taxes for business and create jobs to get people off unemployment and the welfare system. 

Enough already, stop the printing presses if you really want to hug a tree.  China is selling its U.S. treasury debt to Japan.  Russia and others and even the World Bank and International Monetary Fund are revisiting the U.S. dollars reliability as the basket currency.   In all actuality, we may not have to worry about keeping those printing presses going because the dollar will be worthless and at the very least, worth less.

Here’s the latest data on unemployment data from http://www.dol.gov/opa/media/press/eta/ui/current.htm.  It is a lot of people, some being on unemployment for around 199 weeks! 

The outlook isn’t looking better anytime soon.  To put a spin on more expected bad news in anticipation of this Fridays coming jobless report, Reuters is reporting that White House economic adviser Larry Summers said on Monday, “Winter blizzards were likely to distort U.S. February jobless figures.”

The government is blaming winter for higher jobless rates!  Like we’ve never had winter before?  This is the same federal government that is shoving cap and trade, global warming, health care, the H1N1 vaccine, mercury laden light bulbs, and near socialism right down your throat. 

Still analyzing February weather data, “During the month of January, the U.S. experienced near–normal temperatures and slightly above–normal precipitation — see the national temperature and precipitation state of the climate report. These environmental conditions, as well as record snowfall during December 2009, were associated with above-normal snow cover extents across the contiguous U.S. and North America for the month. Snow cover extent during January 2010 ranked as sixth largest January extent since 1967 for North America and the United States,” said the government at http://lwf.ncdc.noaa.gov/sotc/?report=snow&year=2010&month=1

The Moderate Voice had this to say,http://themoderatevoice.com/64559/its-snow-news/:

The previous week, the local news stations and TV all-news networks identified a crippling snow as “Snowmageddon” and “Snowpocalyse.” This week, with its winds, we learned about “Snowicane.”

“And so for two back-to-back snow-somethings, we had almost unlimited Team Coverage. The teams interviewed business owners—”So, how’s the snow affecting your business?” They interviewed residents—”So, how’s the snow affecting your plans?” They even interviewed public officials—”So, how’s the snow affecting your budget?”

Praise and props to Bunning.  Surely somehow our elected officials will figure out a way to reinstate the benefits to help people.  Surely the climatologists will find that global temperatures are increasing.  In the meantime, the unemployed with nothing else to do will be bundling up, shoveling more snow listening to more crap. 

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In a parody of the song, The Candy Man Can from Sammy Davis Jr., funny man Tim Hawkins has brilliantly assembled political lyrics in his latest video, The Government Can. http://www.timhawkins.net/

If YouTube gives awards like the Oscar’s or Grammys, this is sure to be nominated by members of  all political parties who are disgruntled with the current spending trends and debts. 

The National Debt Clock is ticking higher to an average of $3.89 billion per day since September 28, 2007. http://www.brillig.com/debt_clock/  and here it it broken down into categories http://www.usdebtclock.org/ including the per citizen debt of $38,000.

Congress will be forced to raise the legal limit on the nation’s debt later this year as the amount the government may borrow from the public, (that’d be us people who actually pay taxes unlike Timothy Geithner our Treasury Secretary) including foreign creditors, is limited by law to $12.1 trillion.  Today’s debt clock is $11 trillion give or take.

The Congressional Budget Office projects President Obama’s policies will require an additional $9 trillion in borrowing over the next decade.http://www.cbo.gov/ftpdocs/102xx/doc10296/06-16-AnalysisPresBudget_forWeb.pdf  has the President’s Budget Proposals for FY 2010. ” 

Under the President’s policies, the deficit in 2009 would total $1.8 trillion and equal 13.0 percent of gross domestic product (GDP), CBO estimates. The deficit in 2009 would be $157 billion higher than what is expected to occur under current law—primarily because of  additional spending for the government’s actions to stabilize financial markets and for ongoing military operations in Iraq and Afghanistan.

Oprah, a huge Obama supporter has a few ideas of her own to help reduce debt saying- “While the market plunges, free-floating anxiety is rising. If exercise and meditation aren’t your thing, here are a few other strategies you may not have considered.” http://www.oprah.com/subtopic/money/debt  Maybe someone from government should simply take a look at suggestion number 4- Stop Spending.

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The non-partisan Congressional Budget Office projects that publicly held debt will reach 56.1 percent of GDP under current law. If President Obama’s budget is implemented, CBO projects debt to reach 82.4 percent of GDP  according to http://www.heritage.org/research/features/BudgetChartBook/Obama-Budget-Increase-Debt-26-Percent-GDP.aspx 

You can keep track of our spending ways at the National Debt clock  http://www.brillig.com/debt_clock/ 

While George Bush may not be a saint, but Obama is looking more and more like a sinner- spending more than any other President in history. The National Debt was $10.6-trillion on the day Barack Obama took office, if his budget projections come to fruition, he’ll run up nearly as much government debt in four years as President Bush did in eight. 

From, A Pfennig for For your thoughts http://www.dailypfennig.com/ , “we’ll see the Budget Deficit, which is expected to be $180 Billion for the month of May… If it tallies there at $180 Billion, the Budget Deficit in the first 5 months of this year will have exceeded $650 Billion… And that’s before the $787 Stimulus gets added… And other items that will come along… And don’t forget that we posted a deficit in April!  I still believe the Budget Deficit will be at least $3 Trillion this year! That would push our National Debt to around $14 Trillion…” For a great explanation of “why do the annual federal budget deficits not match increases in the national debt,” visit http://www.independent.org/blog/?p=2355

Twice as nice for a Wednesday, both Trade Deficit and Budget Deficit will be released today. Ten Banks are going to repay their TARP (troubled assets relief program) funds, to the tune of nearly $70 billion, but that will barely put a dent in America’s economic decline, say nothing of the move toward socialized everything. 

Senators Joseph Lieberman (I-Conn.) and Lindsey Graham (R-S.C.)”vowed again Tuesday to vote against — and, if possible, filibuster — the troop-funding bill and all other legislation until they get their way,” according to http://www.huffingtonpost.com/2009/06/09/lieberman-graham-threaten_n_213262.html The hissy fit is over a photo amendment that would prevent the release of the Gitmo torture photos forever and ever.

“Transparency in government is an American value, but it is not without limits, no more than any of the values embraced in our Constitution,” Lieberman said. “The transparency in this case is needless and dangerous transparency.”

Their actions have merit.  The world does not need to see how low America stooped.  Too bad these two didn’t have the balls necessary during the campaign to warn that an Obama administration of transparency, would only come when it was convenient for Obama.  If nothing else, this Senate delay saves us a few bucks while the debate goes on.

According to CNN- President Barack Obama on Tuesday proposed making “pay-as-you-go” rules for federal spending into law.  The so-called PAYGO proposal requires Congress to balance any increased spending by equal savings elsewhere. By all accounts, added entitlement spending will be offset with spending cursor tax increases. Talk about bait and switch!

ABC points out, “discretionary spending – roughly 40% of the federal budget – is not covered by PAYGO.” The PAYGO rules will apply to new tax cuts and mandatory spending, with four major exemptions – any renewal of the 2001 and 2003 tax cuts, the continued efforts to “patch” the Alternative Minimum Tax, any effort to address physician’s payments in Medicare, and modifying the estate tax.” http://blogs.abcnews.com/politicalpunch/2009/06/president-obama-paygo-and-the-deficit-hole.html 

“”This is like quitting drinking, but making an exception for beer and hard liquor,” said Maya MacGuineas, President of the Committee for a Responsible Federal Budget (CRFB). “Exempting these measures from PAYGO would increase the ten-year deficit by over $2.5 trillion dollars. That’s not fiscal responsibility.” I’ll have a nice chardonnay please, and it better not be the frig from France.

60% of the budget is not subject to PAYGO.  Why is no one having a hissy fit over that?  While President Obama may enjoy a 60% approval rating, PAYGO and his expensive socialistic plans still don’t achieve his goals.  Bush might have spent a pretty dime, but at least is was shining in democracy. 

 debt by country
 

 

 

 

 

 

 

props to http://chalktalk-talk.blogspot.com/2009/06/worldwide-national-debt.html on the Percent of GDP.  Japan debt is equally dismal especially in light of recent military actions on the part of it’s neighbor North Korea.   Obama who continues his spiel of climate change for jobs might want to take a look at Japans which “is doing the smart thing by not meeting it’s ‘Kyoto Protocol’ targets and is only pledging to cut it’s future CO2 emissions by 8%. Via http://motorcitytimes.com/mct/japan-will-protect-its-economy-first/  Right now they need jobs and so do we.

I think I”ll have a Saki instead of that chardonnay after all.

My share of I.O.U.S.A. debt leaves little room for more than a sip out of the White House Fountain.

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uncle_sam_taxes

Paying taxes is Patriotic? 

Congress is considering a National Sales Tax called a Value Added Tax-VAT in some circles. Forget about repealing all the income taxes already collected, they are planning to keeping the existing income tax and add a national sales tax on top of it.  How’s that for Patriotic?

Poor people who don’t make enough to make ends meet now will be forced to rely further on social services, further enhancing the debt and reliance on government.  Socialism, pure and simple.  

A commentator from the Say Anything Blog had this to say- http://sayanythingblog.com/entry/congress_considering_a_national_sales_tax/ that “Bush took 96 months to give us the largest debt in decades.  Obama took 4 months to QUADRUPLE that.”

This is the change you can believe in.  …”Everybody who understands our long-term budget problems understands we’re going to need a new source of revenue, and a VAT is an obvious candidate,” said Leonard Burman, co-director of the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution, who testified on Capitol Hill this month about his own VAT plan. “It’s common to the rest of the world, and we don’t have it.” 

I don’t have my armpits infested by the fleas of a thousand camels like some parts of the world either, but something stinks to high hell.  I understand that our economy and the world’s economy are fragile, but a VAT on top of what we already pay? Somewhere in this VAT is an angle for government subsidized healthcare, I just know it.  We are going to have to pay for the the Swine Flu Vaccine and Vaccine Stockpiles somehow, won’t we now?  Doing away with an antiquated tax code that our own Secretary of Treasury apparently couldn’t figure out is one thing, but not repealing it and expecting tax revenue on top of that is just greed and a nasty power play on the part of our elected democratic office holders.  Do they really want to be responsible for more burdens on the poor while they sit on the throne of power under the Obama reign?

You think a gallon of milk is expensive now?  A gallon of gas locally was $2.49 in Podunk USA- in the EU it is between $5-$8 per liter.  http://goeurope.about.com/gi/dynamic/offsite.htm?zi=1/XJ&sdn=goeurope&cdn=travel&tm=59&gps=294_333_986_501&f=10&su=p531.50.336.ip_&tt=2&bt=1&bts=1&zu=http%3A//www.eia.doe.gov/emeu/international/prices.html%23Motor

I get that not everyone pays taxes and that not everyone qualifies but for those of us who do; for the government to even consider a VAT is just another nail in the coffin of capitalism.  I am tired of scraping up the change off the floor to pay for President Obama’s proposed socialistic programs and endless bailouts.  If I wanted to own a car company, I would have purchased the stock on Wall Street.  I didn’t need a President to do it for me.

Patriotism is not getting your money for nothing and your tricks for free. Best link on the topic is here-

PHIL KERPEN: Be Afraid, Be Very Afraid of the Obama Administration’s Scary Trial Balloon

photo props to http://longdarkteatime.com/2004_02_01_archive.html

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President Barack Obama is  believed to be among more than 200 nominations for the 2009 Nobel Peace Prize.

Alfred Nobel who among other things invented dynamite, created five annual prizes—chemistry, physics, literature, medicine and peace—in his will to honor, “The greatest benefit on mankind.”   Past nominees include Adolf Hitler, Josef Stalin, Benito Mussolini, Fidel Castro, just to name a few.  Al Gore constantly reminds us he won.  Kissinger’s acceptance caused uproar over the former National Security Advisor’s role in a secret war against Cambodia and the overthrow of the Chilean government.

Being nominated, obviously does not reflect on the merits of one’s accomplishments.  Obama has been President for what, all of six weeks?  How have Obama’s deeds and actions been “The greatest benefit on mankind?”

Obama’s nomination demeans the process and should he win, will be testament to the fact that he has won only because he has a black face.  Martin Luther King and Nelson Mandela accomplished things worthy of recognition, not the color of their skin.  

President Obama has no chemistry, physics or medical background leaving only a prize for literature or peace to be afforded to him.  To think that Obama’s actions are on the same level as the accomplishments of Nobel Peace Prize laureate Bishop Desmond Tutu, is ludicrous.  This brings us to the category of literature to support his nomination. 

The democratic party’s rock star president wrote, “The Audacity of Hope,” and “Dreams from My Father.”  The audacity to nominate Obama for a Nobel Prize based on race is foremost disgruntling, he has done nothing so far as President, and to think that his literature supports a nomination of a Nobel Prize in any category, is pure hooey. 

President Barack Obama’s 2010 budget is the most recent thing he has authored.  On the title page above the words 2010 Budget Obama writes: “A New Era of Responsibility.” “For too long our budget has not told the whole truth about how precious tax dollars are spent,” Obama said in remarks ahead of the release of his $3.55 trillion spending blueprint, which projected a huge $1.17 trillion deficit.  “Large sums have been left off the books, including the true cost of fighting in Iraq and Afghanistan. And that kind of dishonest accounting is not how you run your family budgets at home. It’s not how your government should run its budgets either,” he said. {Reuters}  This sounds familiar from the campaign trail.

Tony Fratto, Bush’s former White House spokesman specializing on economic issues responded saying that “Trying to mask huge spending increases under the cloak of ‘fiscal responsibility’ is the height of audacity, our budgets were honest, open and transparent. Every dime spent was presented, debated, voted on and counted.”  Congressman Obama didn’t bother to vote too often, but as a member of Congress, he is equally responsible for our 10 Trillion dollar debt.  http://projects.washingtonpost.com/congress/members/o000167/votes/

I highly doubt that the budget qualifies as a piece of literature or that it supports any peace processes;  rather it is another piece of crap and certainly President Obama is not meritorious enough to receive a Nobel Peace Prize.

Updated, Friday, October 10, 2009.  President Obama has indeed won the Nobel Peace Prize, “for giving the world “hope for a better future” and striving for nuclear disarmament, in a surprise award that drew both warm praise and sharp criticism. http://news.yahoo.com/s/nm/20091009/pl_nm/us_nobel_peace_obama

 

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