Tag: debt

New numbers released today from the Congressional Budget Office estimate that the cost of Obamacare over the next decade will be $1.76 trillion, not $940 billion as predicted by the Democrats who passed it.

3:20 pm

Finding out what’s in it: New numbers released today from the Congressional Budget Office estimate that the cost of Obamacare over the next decade will be $1.76 trillion, not $940 billion as predicted by the Democrats who passed it.

The only word I can think of that aptly describes the people who pushed this law on us is incompetence. That any rational person would consider voting for these people again boggles the mind.

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The Senate’s tea party caucus has introduced a budget plan aimed at balancing the federal budget by 2017.

1:42 pm

The Senate’s tea party caucus yesterday proposed a budget plan aimed at balancing the federal budget by 2017.

The news article gives a broad outline of the plan, including some basic changes to several entitlement programs, a freezing of government spending at 2008 levels, and the elimination of four government agencies and the privatization of the TSA. A detailed look will probably find that some of these proposals are poorly thought out or impractical. However, at least these senators are proposing something, unlike the Democrats, who in the Senate have not even introduced a budget for more than three years.

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Santorum and Freedom

6:21 pm

Santorum and freedom.

People could live with big. It’s too big that’s getting to them. Under the Obama presidency, something outside the norm happened. Amid ObamaCare, Dodd-Frank, the $800 billion stimulus injection and a federal spending boom, something snapped in the steady-state relationship between many citizens and Washington. A lot of people feel the government, finally, is really starting to crowd them. It has made them uneasy. For the Santorum audience, the call-and-response word to push back against the unease is “freedom.”

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The federal government recorded its worst monthly deficit in history in February.

2:06 pm

The day of reckoning looms: The federal government recorded its worst monthly deficit in history in February 2012.

The [Congressional Budget Office] projected the government will run a deficit of $229 billion in February, the highest monthly figure ever. The previous high was $223 billion a year ago, in February 2011. It is the 41st straight month the government has run a deficit — itself a record streak that dates back to the final months of President George W. Bush’s tenure. Before now, the longest streak on record was 11 months.

Obviously, this record-setting deficit is racist for occurring during the term of Barack Obama.

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The U.S. debt, graphed to show how it rose or fell since 1981, based on who controlled Congress and the White House.

10:09 am

The U.S. debt, graphed to show how it rose or fell since 1981, compared with who controlled Congress and the White House.

Though to my mind the Republicans have generally been a failure in controlling the growth of government when they held power during the past thirty years, this data shows clearly how far worse the Democrats have been during this same time period.

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For the fourth year in a row, President Obama has defied a law that demands he take action on Medicare.

3:32 pm

The law is such an inconvenient thing: For the fourth year in a row, President Obama has defied a law that demands he take action on Medicare.

This paragraph sums up why Obama has been so negligent:

Why won’t Barack Obama put forth a Medicare proposal? Simple. If he does, Democrats lose the opportunity to demagogue the issue in the run-up to the 2012 election.

The only politicians to propose any reasonable plan to make Medicare solvent have been the Republicans, led by Paul Ryan. I don’t like all the details in Ryan’s plan, but at least he’s proposed something. All Obama and the Democrats have been doing is fiddling while Rome burns, while blaming others for the fire.

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Santorum talked himself out of the nomination

9:52 am

“Santorum talked himself out of the nomination.”

As did all the conservative alternatives to Romney:

The auditions are just about over. Michele Bachmann, Rick Perry, Herman Cain, Newt Gingrich and Rick Santorum all had their chances to be the conservative champion of the nation. Each blew it in his own special way. They soared like rockets and faded away.

In Santorum’s case, it was this:

Late-breaking voters went overwhelmingly for Mitt Romney in today’s Michigan primary as Rick Santorum’s robocalls to Democratic voters, who failed to turn out in big numbers, apparently encouraging Republicans to turn out to back the former Massachusetts governor.

If you are going to run as a conservative, don’t campaign using Democrat Party talking points: Santorum tried to win Democratic union votes by criticizing Romney for not backing the auto bailout. Since the auto bailout is generally despised by conservative voters, they heard this and abandoned Santorum in droves.

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Fifteen questions the press would ask Barack Obama if he were a Republican

1:36 pm

Fifteen questions the press would ask Barack Obama if he were a Republican.

I especially like the last three:

13) Why should the American people reelect you when your 10 year budget saddles America with more debt than all previous Presidents combined?

14) Your stimulus bill cost more in real dollars than the moon landing and the interstate highway system combined. Many prominent economists have concluded the stimulus plan was a total failure. What do we have to show for all of that money spent?

15) Members of your administration promised that the trillion dollar stimulus would keep unemployment under 8 percent. Instead, we’ve had 35+ months of 8% and above unemployment. Doesn’t that mean we wasted a trillion dollars on nothing?

These, as well as the other 12 questions, are all perfectly reasonable and are exactly the kinds of questions any good journalist would be itching to ask any elected official with the disastrous track record that Barack Obama has. Unfortunately, we don’t have very many good journalists in the White House press corp or on the major television/cable networks. Instead, what we have are “former” Democratic Party operatives like George Stephanopoulos, disguised as journalists whose only goal is to make Republicans look bad so that Democrats can get elected.

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The White House chart that illustrates the irresponsible nature of Obama’s proposed budget.

9:22 am

The White House chart that illustrates the irresponsible nature of Obama’s proposed budget.

Yes, that’s right, the chart is from the White House itself, which means they themselves know how useless their proposed budget is, and how little they care. More here, including video of a truly entertaining but clarifying exchange between Congressman Paul Ryan and Treasury Secretary Tim Geithner.

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“Even if Congress were to enact this budget we would still be left with–in the outer decades as millions of Americans retire–what are still unsustainable commitments in Medicare and Medicaid.”

2:37 pm

From Obama’s own Treasury Secretary, describing Obama’s own budget proposal:

Even if Congress were to enact this budget we would still be left with – in the outer decades as millions of Americans retire – what are still unsustainable commitments in Medicare and Medicaid.

The day of reckoning looms.

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Detroit: the triumph of progressive public policy.

10:21 am

Detroit: the triumph of progressive public policy.

Imagine a city where all the major economic planks of the statist or “progressive” platform have been enacted:

  • A “living wage” ordinance, far above the federal minimum wage, for all public employees and private contractors.
  • A school system that spends significantly more per pupil than the national average.
  • A powerful school employee union that militantly defends the exceptional pay, benefits and job security it has won for its members.
  • Other government employee unions that do the same for their members.
  • A tax system that aggressively redistributes income from businesses and the wealthy to the poor and to government bureaucracies.

Would this be a shining city on a hill, exciting the admiration of all? We don’t have to guess, because there is such a city right here in our state: Detroit.

Read the above article and then compare it to this essay: A thought experiment: Imagining the Republican majority in the House in complete control of Washington.

The contrasts are most illuminating.

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A thought experiment: Imagining the Republican majority in the House ran things in Washington.

9:13 am

A thought experiment: Imagining the Republican majority in the House in complete control of Washington.

This is not an altogether quixotic exercise. A thorough review of roll-call votes cast since the 2010 electoral upheaval allows us to approximate the world view that guides the 243-member House Republican caucus. … It would: repeal Obamacare; place a firm limit on how much in taxes Washington can take from our paychecks; require federal bureaucracies to think before they regulate; restore considerable authority and decision-making power to state governments; and alter the structural DNA of two of the Big Three entitlement programs — Medicare and Medicaid. (Fundamental overhaul of Social Security, it seems, will have to wait.).

In a nutshell, the GOP House agenda would place the federal government on a fiscally sustainable path without eviscerating national security. America would reclaim its status as one of the freest and most opportunity-laden economies in the world. There would be real and enforceable limits on the power of the federal government. And our ability to defend America’s interests around the world would be robust and enduring.

Read the whole thing, especially if you have doubts about what a Republican Congress and President might do. Even if you disagree with many conservative goals, nothing described here is unreasonable, and all of it seems necessary, considering the bankrupt state of the federal government.

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The chief architect of Obamacare now admits — in complete contradiction to what he claimed before the law was passed — that Obamacare will cause medical insurance premiums to rise.

12:18 am

Surprise, surprise! The chief architect of Obamacare now admits — in complete contradiction to what he claimed before the law was passed — that Obamacare will cause medical insurance premiums to rise.

Gruber’s new reports are in direct contrast Obama’s words — and with claims Gruber himself made in 2009. Then, the economics professor said that based on figures provided by the independent Congressional Budget Office, “[health care] reform will significantly reduce, not increase, non-group premiums.”

During his presentation to Wisconsin officials in August 2011, Gruber revealed that while about 57 percent of those who get their insurance through the individual market will benefit in one way or another from the law’s subsides, an even larger majority of the individual market will end up paying drastically more overall. “After the application of tax subsidies, 59 percent of the individual market will experience an average premium increase of 31 percent,” Gruber reported. [emphasis mine]

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The White House has confirmed that the Obama budget to be announced on Monday will predict a $1.3 trillion deficit for 2012.

3:40 pm

The bigger picture: The White House has confirmed that the Obama 2013 budget proposal to be announced on Monday will predict a $1.3 trillion deficit in 2012, and only try to shrink that to $900 billion in 2013.

Numbers like this demonstrate the need for further budget cuts, even in areas that I think are important, such as space exploration. However, these numbers also illustrate one clear fact: the Obama administration is not serious about balancing the budget. That the administration has applied the knife to the Mars planetary program while allowing other less successful NASA programs to flourish proves this administration’s poor sense of priorities in these difficult financial times.

More thoughts next week.

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Ed Weiler quit NASA over Mars planetary program cuts to be announced Monday

12:53 pm

Ed Weiler quit NASA in September because of the cuts to the Mars planetary program that the Obama administration will announce on Monday.

Weiler was NASA’s chief science administrator for most of the past thirty years.

As I have already noted, the programs that NASA shouldn’t cut are its planetary and astronomy programs. Far better to dump the Space Launch System, which eats up a lot more cash and will end up producing nothing. By doing so you would not only reduce NASA’s actual budget — thereby saving the federal government money — you could simultaneously increase the budgets of the planetary and astronomy programs.

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