What Congress Should Cut

What Congress should cut. And they find $3 trillion in only 14 paragraphs. Key quote:

None of this will be easy. Many will likely demagogue any reduction in the rate of growth of spending as a devastating “cut.” But the politics of spending has changed, and there is an expectation among fiscally conservative voters—Republicans, independents, tea partiers and even Democrats—that the government tighten its belt, just as American families have been forced to do. Some in the Republican establishment have already started complaining that this is too politically difficult. These naysayers misread today’s political climate. Should they succeed in blocking change, tea party voters will hold them just as accountable as big-spending Democrats.

Hawaii’s earmark funding spigot appears to go dry

Oink! “Nonprofit groups, for-profit businesses, the University of Hawaii, and state and local governments” in Hawaii are faced with a loss of funding due to the end of earmarks in Congress.

What is most interesting about this article isn’t just that it gives a great deal of space to those who oppose earmarks and spending (something you don’t see that often in an AP article), but that the comments are almost universally in favor of eliminating earmarks as well as cutting the federal government. A truly hopeful sign.

Bankruptcy of U.S. government “mathematical certainty” says banker

The former CEO of one of the nation’s largest banks says that unless the federal government gets its budget under control, bankruptcy is a “mathematical certainty.” I especially like this quote from the CEO, John Allison, in describing the past history of Fannie Mae and Freddie Mack:

“I was on a committee, a Financial Services Roundtable, for nine years trying to do something about Freddie Mac and Fannie Mae,” said Allison. “You couldn’t help but see it coming,” he said. “You ran the numbers, particularly the last several years, and it was mathematically certain Freddie and Fannie were going bankrupt.”

“We met with Congress. We met with [House Financial Services Chairman] Barney Frank and [Senate Banking Chairman] Chris Dodd and they absolutely wouldn’t see it,” said Allison.

Why this election is important

Mark Steyn explains why next week’s midterm election and what the next Congress does has very special significance. Key quote:

In a two-party system, you have to work with what’s available. In America, one party is openly committed to driving the nation off the cliff, and the other party is full of guys content to go along for the ride as long as we shift down to third gear. That’s no longer enough of a choice. If your candidate isn’t committed to fewer government agencies with fewer employees on lower rates of pay, he’s part of the problem. This is the last chance for the GOP to restore its credentials. If it blows it, all bets are off for 2012.

It’s the out of control spending, stupid!

Watch this so-called panel of expects on MSNBC as they desperately try to figure out why why women play such a large part in the tea party movement. Totally baffled, the best these out-of-touch “gurus” can come up with is “taxes” and “women pay the family bills.”

Putting aside their blatent bigotry (“Women as we all know are smarter than men.”) and childishly shallow generalizations (“Something about finding a voice.”), these empty headed fools, emblematic of most modern elite intellectuals, can’t see the obvious elephant in the room.

It’s the out-of-control government spending, stupid! On Monday the Treasury Department released numbers showing that since Barack Obama took office just two years ago, the debt of the federal government rose by $3 trillion.

This graph, courtesy of Gateway Pundit, gives some context to the increase in the debt:

Federal Deficit since 1997

Spending was horrible under George Bush. The public was worried about it. Now spending has gone insane under President Obama, and the public is more than worried, the public is outraged and spitting nails. That these elites don’t see this either means they are incredibly stupid, or they want the country to collapse in a sea of debt. In either case, they shouldn’t have the jobs they do.

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