Tag: Congress
Congress has ended the corn ethanol tax subsidy
Congress has ended the corn ethanol tax subsidy.
That the taxpayer will no longer be shelling out billions to support this industry is a good thing. However, the news isn’t all good for the free market, as the mandates forcing an increase in ethanol use remain in effect.
The Obama Nation: Even More Debt And Even More Store Closings
A nation in economic collapse.
During “the Obama Nation”, the federal government has already accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office. Of course the Bush administration was nearly as bad at piling up government debt. Between Bush and Obama (with a big helping hand from the Federal Reserve), they have done a pretty good job of wiping out the financial future of the United States. If there are future generations of Americans, they will look back and curse those that did this to them. It is absolutely immoral to steal trillions of dollars from future generations. Unfortunately, there are very, very few members of Congress that are even objecting to this madness.
The article’s listing of store closings is also quite frightening, suggesting that the economic situation of the nation is far worse than has been reported.
Why the establishment fears Newt Gingrich
Why the establishment fears Newt Gingrich.
When Newt became speaker, he was focused, disciplined and tough. He insisted on moving the Contract With America intact. He abolished committees and denied “old bulls” chairmanships. He insisted on using the majority to win conservative victories such as balancing budgets, achieving welfare reform and producing 11 million new jobs with tax cuts that spurred economic growth. He made some people unhappy when he pursued legislation that could win instead of pet bills that would have divided Republicans rather than uniting them. And he negotiated with a Democratic president to get the conservative legislation being passed signed into law. Some Republicans were left unhappy in the wake of all of that activity — some of them are still complaining today.
Lugar may be in jeopardy in primary from Tea Party challenger
Senator Richard Lugar (R-Indiana) looks weak against a Tea Party challenge in the Republican primary.
2010 was a trend,not a fluke.
Montanans have launched a recall campaign against their senators for voting for unlimited military detention
Montanans have launched a recall campaign against their senators for voting for unlimited military detention.
Moving quickly on Christmas Day after the US Senate voted 86 – 14 to pass the National Defense Authorization Act of 2011 (NDAA) which allows for the indefinite military detention of American citizens without charge or trial, Montanans have announced the launch of recall campaigns against Senators Max Baucus and Jonathan Tester, who voted for the bill.
A country in denial about its fiscal future
The end of LightSquared
Deficit may be biggest threat to ObamaCare
Well duh! Deficit may be biggest threat to ObamaCare.
I always opposed ObamaCare because I oppose the use of government to run our lives. But putting that minor point aside, it made absolutely no sense for the government to add this entitlement to the nation’s balance sheet at a time when that balance sheet is so completely in the red. The only time these kinds of government programs can possible work (if ever) is when there is lots of spare cash in the bank, something we definitely don’t have right now.
The Great Spending Betrayal
Over Friday and Saturday, 61% of House Republicans and 34% of Senate Republicans voted for the omnibus megabus bill. In doing so, not only did they violate their pledge pertaining to bundled (1200-page) bills and the 72-hour layover rule and agree to fund Obamacare, Dodd-Frank, Planned Parenthood, the EPA, the PLO and the UN; they actually agreed to spend almost $9 billion more than last year. Overall, budget authority will be $33 billion higher than the House budget, while appropriations for non-defense spending will be $45 billion more. One of the members who voted in the affirmative even agreed that he had voted for a “crap sandwich.”
One reason the budget is still growing is that two-thirds of the government is still controlled by the spendthrift Democratic Party. A second reason is that there are too many wimpy Republicans willing to compromise with these spendthrifts.
Which is why we have elections. 2012 should help fix this problem.
“We Didn’t Know What The Hell Was Going On”
A Democrat explains the reasoning behind the Obama stimulus package: “We didn’t know what the hell was going on.” With video.
NASA Faces Further Cuts in Last-minute Spending Package
NASA faces a $325 million additional cut in the last-minute spending deal now before Congress.
These cuts will bring NASA’s budget back to what it had in 2008, hardly a disaster for space exploration.