Showing posts with label BUDGET CRISIS. Show all posts
Showing posts with label BUDGET CRISIS. Show all posts

Friday, August 12, 2011

Should President Obama Resign From His Office?


Douglass MacKinnon -  As our economy continues to self-destruct; U.S. credit is shockingly downgraded; home prices remain at historic lows; unemployment rises; small businesses continue to close their doors; public-employee-bloated cities, towns, states and employers continue to default; race riots flare, Mexican drug cartels cross our sovereign border at will to establish ultraviolent operations; test scores for public school children continue to plummet; the health care system falls under the control of a failed socialist model; terrorism rises, and the world outside our borders spirals into deeper and more dangerous chaos, a serious and very legitimate question needs to be asked:
In the best interests of our nation and the American people, should President Obama resign his office?
Supporters of the president will be offended by the very question and more than likely fire the usual "racist" accusations my way. But it's a question that at least needs to be debated.
Even if Obama loses the election in November 2012, he will still remain in office until Jan. 20, 2013. If, as many people now believe, Obama is in way over his head and dramatically ill-equipped to handle the critical responsibilities of his office, then it seems logical to assume he can still do quite a bit more damage to our nation from now until then.
As to why he is so far over his head and so unqualified to be president, one of his strongest supporters just outlined the answer in a lengthy article for the liberal (and Obama-defending) New York Times.
In the piece, Drew Westen, a committed liberal, articulated his hopes and disappointments of Obama. By doing so, he (in a Nixon-going-to-China moment) pinpointed exactly why the Obama administration has been such an unmitigated disaster.
"Those of us who were bewitched by his eloquence on the campaign trail chose to ignore some disquieting aspects of his biography," Weston wrote, noting that Obama:
Had accomplished very little before he ran for president, having never run a business or a state.
Had a singularly unremarkable career as a law professor, publishing nothing in 12 years at the University of Chicago other than an autobiography.
Had, before joining the U.S. Senate, voted "present" (instead of "yea" or "nay") 130 times, sometimes dodging difficult issues.
Bingo! This is an incredibly important moment and revelation. While conservatives have been making this exact same point for years, now that a liberal is saying it in the most powerful liberal publication in the nation, maybe others will not only start to pay attention, but give these "disquieting aspects of his biography" the scrutiny they deserve.
In one paragraph, Westen has pulled back the curtain to reveal a man so far out of his element as to be a true threat to the well-being of our nation.
This is not a game. This is not a TV show or a horror movie we can turn off. This is the United States of America coming off the rails and cascading toward true anarchy because in large part, our president, as outlined by a liberal in the liberal bible, "accomplished very little before he ran for president" ... had "never run a business or state" ... "had a singularly unremarkable career as a law professor" ... and is well-known for "dodging difficult issues."
Honestly, if more Americans knew of these indisputable facts, it's hard to see how Barack Obama could be elected mayor of a small town in Alaska, let alone president of the United States. And yet . .. here we are.
Since liberals and liberal publications are now starting to admit that the president may not be up to the job, maybe one of them can then offer up a scenario to get us out of this mess. Something like: have Joe Biden resign, have Obama appoint a competent and vetted vice president, and then have President Obama resign.
Liberals could do all that while finally conceding that real-world experience does matter and that Obama brought none to the White House. Hence, the train wreck.

Thursday, April 14, 2011

Obama, Boehner Budget Deal Increases Federal Deficit

Kurt Nimmo - It should be obvious by now. The government has absolutely no intention of ever decreasing spending, reducing the deficit, and eliminating the national debt. It plans to borrow more money. It wants to turn your children and grand children into impoverished debt slaves.
Obama’s budget “deal” speech: 43 minutes of doublespeak, lies, and feel-good propaganda.

On the heels of an onslaught of propaganda claiming establishment Republicans and Democrats are working together to slash the budget and reducing spending comes an estimate by the Congressional Budget Office. It notes that a bill due for a vote in the House today will cut federal outlays by a paltry $352 million through September 30, or by less than one percent. About $8 billion in cuts to domestic programs and foreign aid will be offset by an increase in so-called defense spending.

In fact, as the Washington Post notes, when the cost of occupying Iraq and Afghanistan, attacking Pakistan on the side and bombing Libya and other war on (manufactured) terror ventures are factored in, the budget increases by $3.3 billion.

Boehner and Obama have presided over a budget increase, not a decrease as they claim.

Congress critters in the House, meanwhile, could not help but pat themselves on the back. “With this bill we not only are arresting that growth but we are reducing actual discretionary spending by a record amount, nearly $40 billion in actual cuts in spending that has not ever been accomplished by this body in its history, in the history of the country,” said House Appropriations Committee Chairman Harold Rogers, a Kentucky Republican. “The cuts in this bill exceed anything ever passed by the House.”

“The president said he would freeze spending. Our Speaker negotiated, outnumbered 3-1,” he added, referring to Boehner’s negotiations alone in the oval office with Obama, Biden and Senate Majority Leader Reid. “We have cut spending.”

No, they have once again increased spending. The government may cut Pell grants and school lunch programs, but they will never cut the Pentagon off from the public largess trough. Not so long as America is tapped to extend the globalist empire and attack recalcitrant Muslims who reject the predatory behavior of IMF loan sharks and the international bankster criminal class.

Obama, Boehner, and the Republican-Democrat party have pulled a fast one on the people. The Tea Party inspired change in the House is as phony as the change Obama said he would bring to government. Establishment Republicans sold out the Tea Party and are now engaged in doublespeak about a debt that will render our children homeless on the continent their forefathers conquered. Both Republicans and Democrats work for the bankers and elections are largely irrelevant, as the former speaker of the House Nancy Pelosi said the other day.


Ron Paul talks with CIA-CNN operative Anderson Cooper about the budget shell game.

For the international bankers, the U.S. national debt is a plan made in heaven. It was designed as a method for confiscating the wealth of Americans through interest payments paid by the hoodwinked masses on a fractional reserve bank debt which the government assumed as sovereign debt. It is expropriation, pure and simple, based on funny money cooked up by the Federal Reserve out of thin air.

The political whore class supported by the banksters will not fix the problem. A few days ago a top contender for the 2012 fixed race for teleprompter reader in chief, Mitt Romney, said he won’t waste his time going after the Federal Reserve. “I’m not going to spend my time going after Ben Bernanke. I’m not going to spend my time focusing on the Federal Reserve,” he told Larry Kudlow on CNBC. “I think Ben Bernanke is a student of monetary policy; he’s doing as good a job as he thinks he can do.”

Indeed, Bernanke and the Fed are doing the best job they can to enslave you and your children.

Mitt Romney, if elected, will continue the process of turning the once great United States into a bankrupt and indebted third world backwater.

So will a re-elected Obama or Sarah Palin or any other manufactured personality hyped by the elite and its political class.

The only viable candidate for real change is Ron Paul. If he decides to run, as now appears to be the case, let’s hope he stays healthy between now and 2012.

Wednesday, April 13, 2011

Conservatives Be Prepared, Boehner & Republicans Will Quickly Cave In On The Debt Ceiling

Riehl World View - Perhaps the most annoying statement in this Politico item about Wall Street pressuring Boehner on the debt limit is the last sentence from my excerpt: "Many executives on Wall Street believe Washington is playing an enormously dangerous game with what is typically a non-controversial vote."

Were it you, or me, or a private business, this would equate to any real estate holdings being under-water, having no money in the bank with any credit cards maxed out. Not only would a decision to take on more debt be difficult, or controversial, assuming you even could, one might just as easily conclude it's time to pay the piper and stop digging such a huge hole.

But, as with TARP, the Stimulus and everything else we've seen, they are going to roll out the "too big to fail" argument and ram this through. Obviously, the groundwork is being done for it, so be prepared. We may yet find out nothing is too big to fail when the whole mess comes tumbling down around a bunch of politicians who will manage to not feel much of a financial pinch themselves if it does. Yet, they are the same people who caused this through their irresponsible actions in the name of power and politics over the years.

Republicans are growing increasingly concerned about the impact a bruising fight over raising the nation’s $14.29 trillion debt ceiling could have on U.S. financial markets.
House Speaker John Boehner (R-Ohio) has had conversations with top Wall Street executives, asking how close Congress could push to the debt limit deadline without sending interests rates soaring and causing stock prices to go lower, people familiar with the matter said. Boehner spokesman Michael Steel said Tuesday night that he was not aware of any such conversations.

Treasury could then implement emergency measures to continuing making interest payments on existing debut until around July 8. After that, the U.S. risks going into default, an unthinkable idea to many economists and market participants who say such an event could drive scores of large banks into failure, send interest rates skyrocketing as foreign investors abandon U.S. securities and crush the already slow-going economic recovery.

Republicans and even some fiscally conservative Democrats want to use the debt limit fight as leverage to wring more significant spending cuts out of the White House. Politicians of all stripes are worried about how independents will react to a vote — or multiple stop-gap votes — to raise the debt ceiling. Many executives on Wall Street believe Washington is playing an enormously dangerous game with what is typically a non-controversial vote.

Thursday, February 18, 2010

Debt Commission A Cover For Massive Tax Hikes On The Middle Class

The new so called Bipartisan National Commission On Fiscal Responsibility and Reform is a scam, sham and license to steal taxpayers dollars. This Debt Commission will be used as a cover to raise taxes on middle class Americans during a recession. The President will hold up and present the Debt Commission proposals to the American people. Obama will tout Debt Commission findings across the country saying that the only way we can balance our country budget is by raising taxes on all Americans. Therefore, this means that the average middle class taxpayer will be hit with two tax hikes in 2011. The first tax hike will come when the Bush Tax Cuts expire at the end of the year. The second tax hike will probably be a national sales tax similar to a Goods And Services Tax they have in Canada. The President does not need a debt commission to regin in spending all he, has to do is not submit a $3.8 trillion dollar budget to Congress. The President could use the unspent $500 million from failed Stimulus Plan and TARP money not spent as a down payment on the federal deficit. The President could have cut each department in the federal budget by 15% with a stroke of his Presidential pen. President Obama is a coward and he needs cover to get in the taxpayers pockets. I am surprised that former Wyoming Republican Sen. Alan Simpson would fall for this typical Washington scam on the American people. The President has the majority in both Houses of Congress he can pass any fiscally responsible budget he wants at anytime.

Tuesday, April 7, 2009

OBAMA "SLAMS MISSILE SHEILD"

The Obama Administration has decided to cut military spending even though rouge countries like North Korea are testing long-range missiles over Japan. The Obama Administration is increasing everything in the upcoming 3.6 Trillion Dollar budget except military spending. The Obama Administration has decided to cut military spending while we have "Two Wars" going on and threats from North Korea and Iran. Therefore, these cuts in military spending will help President Obama appease his left-wing base of the Democratic Party but it will not make the average American safe. The President has decided to cut spending on our missile defense after watching North Korea have a successful launch of there long-range missile is one of the dumbest decisions I have ever seen a politician make in defense of our country. The leaders in Russia and China must be laughing when they see President Obama idealistic world point of view toward these rouge nations. The President believes that he, can negotiate with these rouge nations and cut deals with Iran and North Korea who could careless about breaking international law when it comes to making and supplying rouge nations with nuclear weapons. The President has decided to cut large military projects that will protect our country from attacks in the future, because Secretary Gates believes that these projects are a waste of money. The President has made a mistake by cutting the extra layers in the missile shield that will give the military a better chance of shooting down a long-range missile from North Korea. The President budget cuts will also, hurt the economy because they will have to layoff thousands of defense employees because of the change in military policy. Finally, the President believes that if we would sit around the campfire and be nice to our enemies maybe, they will leave us alone. The President is sadly, mistaken these countries are hell bent on destroying America at all cost and they see a opening with President Obama policies. These rouge countries see kindness as a sign of weakness and they will take advantage of President Obama like they did in the 1970's with President Carter. The Average American better pray for there own safety because the Obama Administration is not going to protect you from our enemies.

Friday, April 3, 2009

OBAMA "BANKRUPTING AMERICA"

The 2010 budget passed the House Of Representatives with a vote of 233-196 and no Republicans voted for this budget but the also. picked up 20 Blue Dog Democrats who refused o vote for this outrageous budget. The Senate vote was 55-43 and no Republican voted for the budget but they also, picked up two Democrats Sen. Evan Bayh of Indiana and Sen. Ben Nelson Nebraska who said that this budget will bankrupt our country. The Democrats and Left-Wing in America tried to get support for the budget by getting online signatures supporting President Obama outrageous budget they received a estimated 215,000 signatures which was sent to Congress. The President and the Democratic Party are spending this country into bankruptcy because you can not spend 800 Billion on a stimulus package, 3.6 trillion on a budget, 650 billion on nationalized Health care and unknown Trillions of Dollars on bailing out failed corporations. The Obama Administration has only been in office for 70 days and he has spent a estimated 10 -15 Trillion dollars that the Government has no intention of paying back anytime soon to the Communist Chinese. This outrageous spending is driving the American Dollar into the ground and now China and Russia are talking about starting a new world currency that will replace the dollar. The President has not outlined a plan that will make America solvent and independent from countries like China, Saudi Arabia, Japan and South Korea who own most of our debt. The President should create a budget plan that will make America solvent in 15 years and not pass this outrageous debt to our children, for generation to come in the future. Finally, The President should spend less time worrying about his Hollywood image in Europe and spend more time in the Oval Office working on a budget that will make America the number one world economic power for the next 100 years. The President could have a deal with Blue Dog Democrats and Republicans that will save this country from bankruptcy and financial collapse.

Friday, March 27, 2009

REPUBLICAN BUDGET "MESS"

The Republicans presented there version of the 2010 budget that President Obama was crying about during his press conference. The Republicans presented a budget with very little facts, details and no road map to balancing the nations budget. The Republican Party wanted to counter the President with a budget but don't write a piece of crap that seems like you did in the last three days. This budget is short on numbers and facts. The American people don't want a political budget so, you can score political points against President Obama. We want a fiscal Conservative long-term budget that will make our country solvent in the next 15 years. This budget was made to make a political points and create friction between the President and Blue Dog Democrats. The Republican Party in Congress need a game changer by offering the American people a real alternative to the Obama economic policies. The Republican Party need to sit down and think about three issues and concentrate on selling these issues to the American people. The issue are the economy, budget and defense. The only way the Republicans can stop the well-oiled Obama machine is that they must have a clear message on these vital issues. The Obama machine will attack any proposal by the Republicans. The President Press Secretary Robert Gibbs took aim at the Republicans budget because it did not have enough numbers and facts. The only way Republicans can be successful by starting another grassroots campaign that will help there issues be heard by Congress and the rest of so-called moderate America. They should use the same playbook that former Speaker Newt Gingrich used to recapture the Congress in 1994. Speaker Gingrich used the Contract with America which pointed out the vital issues that affected Americans in there everyday lives. This strategy used against the Clinton Administration was on point and the Republicans had unified message that they could take to the American people. Minority Leader Boehner needs to take a lesson from former Speaker Gingrich and get a unifying message instead of putting a worthless budget together that will be shredded by the Obama Machine.

Monday, March 23, 2009

OBAMA "TRILLIONS, TRILLIONS, TRILLIONS"

President Obama and Treasury Secretary Timothy Geithner unveiled there Trillion Dollar Plan to buy banks toxic assets so, they could clear the balance sheets of American banks. This is the second Trillion Dollar Plan in two weeks because the Federal Reserve Charmian Ben Bernake spent a Trillion Dollars on Banks so, the can loosen up credit for individuals and corporations. The President spent 800 Billion dollars on his stimulus Plan and he, also presented Congress with his new Federal Budget for the year 2010 at a estimated cost of 3.6 Trillion Dollars. The President and Treasury Secretary Geithner is expected in the near future to come back to Congress for another Trillion Dollars for more bailouts. It is estimated that this whole bailout fiasco has cost the American Taxpayer between 10-15 Trillion Dollars. The Congressional Budget Office run by Democrats has done a audit of President Obama Stimulus Plan and Budget. The CBO has said if President Obama and the Democratic Congress continue this outrageous spending the United States Government will go bankrupt. The CBO audit says that President Obama will budget plan will put America in a position where they could never payback all our debts. The Budget President Obama presented to Congress could cost our children 10- 20 trillion dollars added on to our federal deficit. The Obama Administration refuse to listen to the CBO and they are saying that this budget is the right prescription for this ailing economy. Therefore, are critics in the Democratic Party, Republican Party and worldwide of the spending of the Obama Administration. The head of the World bank this weekend said that these large stimulus plans and budgets by America and European Countries were not needed because they expose these countries to large deficits that they can not payback. The United States has to hope that China, Japan and Saudi Arabia keep financing our outrageous spending, because if they don't you will see the American dollar crash and will see our great country go bankrupt like the former Germany in the 1920's. Finally, last week the Chinese Government gave America a lecture on there outrageous spending and their deficits. The Chinese Government said that the United States needed to start spending there money more wisely. Who would have thought 25 years ago that the Chinese would be giving America a lecture on how to spend money. This has truly shown how far America has fallen in the eyes of the world

Tuesday, February 17, 2009

KANSAS "BUDGET CRISIS" OUT OF CONTROL

The State of Kansas has a budget shortfall and is unwilling to cut the State budget spending. This reminds me of my home state of New York which is billions of dollars in debt and they still refuse to cut the State budget spending in this Socialist State. Gov. Kathleen Sebelius is willing to stop payment on money owed taxpayers and state workers until the Republican Majority in the State legislature allows her to borrow millions of dollars and break state law. The "Kansas Financial Council" which is made up of Gov. Sebelius and Six Republican State leaders refuse to approve the Governors borrowing of 225 million dollars because, State law requires the all debts be retired at the end of the fiscal year June 30 2009. The State of Kansas has already taken out 550 million dollars in loans that they will not be able to payback the loan by June 30,2009. Therefore, if the Republicans let Gov. Sebelius borrow the money the State Of Kaunas will be 775 million dollars in debt with no way of paying the money back in the near future. The Republican legislature has proposed 325 million dollars in cuts to the State budget but Gov. Sebelius responded by saying the "Republicans Are Playing Political Games". The Republicans are following state law and you should try following the law as Governor. This Socialist Governor is holding the good people of Kansas hostage because, she has no respect for the law. The State workers should receive there paychecks and the taxpayers should receive there state tax refunds because, the state took more money out of your paychecks in which they were not entitled to by state law. Finally, this is part of "The Socialist Theft Act Of 2009". They really don't care about fiscal responsibility but only there liberal socialist programs that keep Americans dependent of the State and Federal Government.