Tag: deficit

Why Republicans should reject the surrender budget deal rumors say Paul Ryan is negotiating with Democrats.

9:54 am

Why Republicans should reject the surrender budget deal rumors say Paul Ryan is negotiating with Democrats.

Expect more articles like this. There are a lot of conservatives in the Republican House caucus who are no longer willing to lick the feet of Democrats, even if the Republican leadership is. And any deal that gives up sequestration is going to face their wrath.

Also, these kinds of articles serve to pressure Ryan so that he does not agree to a surrender.

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Another news report suggests that Republicans are preparing to surrender in budget talks.

10:02 am

Another news report suggests that Republicans are preparing to surrender in budget talks.

Senior aides familiar with the talks say the emerging agreement aims to partially repeal the sequester and raise agency spending to roughly $1.015 trillion in fiscal 2014 and 2015. That would bring agency budgets up to the target already in place for fiscal 2016. To cover the cost, Ryan and Murray are haggling over roughly $65 billion in alternative policies, including cuts to federal worker pensions and higher security fees for the nation’s airline passengers.

Republican leaders are also seeking additional savings to knock a small dent in deficits projected to exceed $6 trillion over the next decade. But the deal would do nothing to trim the debt, which is now larger, as a percentage of the economy, than at any point in U.S. history except during World War II. [emphasis mine]

To me, the biggest disappointment of this surrender is that Paul Ryan is negotiating it, proof that he too is no fiscal conservative and worse is far more stupid than I had thought.

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Rumors suggest that Republicans are moving to accept a budget deal that would end sequestration.

8:30 pm

The stupid party strikes again! Rumors suggest that Republicans are moving to accept a budget deal that would end sequestration.

At issue are efforts to craft a compromise that would ease across-the-board spending cuts due to take effect in January, known as the sequester, and replace them with a mix of increased fees and cuts in mandatory spending programs.

As de Rugy notes:

The sequester, no matter how imperfect a policy, is arguably the only victory for fiscal conservatives in a very long time. Their victory is also president Obama’s biggest defeat (outside of the self-inflicted disastrous Obamacare rollout). It is also another opportunity to remind the American people that the alarmist predictions that we were all subjected to about the devastating impact sequestration would have on our economy didn’t materialize.

She adds:

So let’s sum this up: a massive and unnecessary surrender on the sequester, some tax hikes, and more unemployment benefits. It seems to me that the Republicans are learning their moves from the French army.

Not only do most Democrats have to be replaced, so do a significant number of Republicans. Too many of these politicians have no interest in serving the citizenry being crushed by this out-of-control federal government. Instead they serve that government instead.

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The planetary science community is in an uproar over the Obama administration’s proposed restructuring and possible budget cuts to NASA’s planetary research program.

11:41 pm

The planetary science community is in an uproar over the Obama administration’s proposed restructuring and possible budget cuts to NASA’s planetary research program.

Though the Obama administration has been consistently hostile to the planetary program, attempting to cut it severely several years in a row, and though I generally have found these particular cuts to be short-sighted, in this case the article is not very clear about the cuts NASA is proposing. It appears they are going to eliminate for one year the general research fund. I suspect there is waste in this budget, but I also suspect that this is a meat cleaver approach that has not been thought out well, as suggested in the article.

One quote from the article reinforces the foolishness of these management decisions:

Next year, a high-level NASA review is likely to have to decide between shutting down either the Mars Curiosity rover or the Cassini mission to Saturn. Both are successful missions that cost around $60 million a year, a level that Green has said the division simply cannot afford for the long term.

Talk about penny wise, pound foolish. The cost to get these probes to their destination was in the billion dollar range, each. To shut them down when they are working and cost relatively so little now is beyond stupid.

As I have written repeatedly, we have a big federal deficit. We need to cut, and I think NASA’s budget can be cut. It just makes no sense to cut planetary research, when there are other portions of that budget that are accomplishing little and cost far more.

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The federal budget deficit for October was “only” $91 billion.

8:59 am

The day of reckoning looms: The federal budget deficit for October was “only” $91 billion.

The AP article makes a big deal about how much lower this deficit is compared to past Octobers, but at this level, we would still have an annual deficit over $1 trillion. Even it ends up as half that, the numbers are still terrible.

The budget deal that ended the government shutdown ends on January 15. Be prepared for another shutdown. I expect some Republicans are going to once again tie that shutdown to repealing Obamacare.

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Lockheed Martin announced today that it is closing down five facilities and laying off 4,000 employees.

6:03 pm

Lockheed Martin announced today that it is closing down five facilities and laying off 4,000 employees.

This is actually good news for the company (reflected in a rise in its stock price today) as well as the taxpayer. Faced with less easy money from the federal government, the company is trimming some of its waste and unneeded fat. I am confident these cuts will have zero impact on their ability to operate and compete. If anything, they will improve the company’s abilities.

The cuts are also a recognition that the federal cuts from sequestration are not going away, even though those cuts have resulted in literally no visible problems in any federal program. To me, this is another demonstration that there was (and continues to be) plenty of fat in the federal government that can be trimmed away, without serious harm to any federal program.

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In his weekly radio address today, President Obama called for new taxes and increased spending.

8:51 am

Broken record: In his weekly radio address today, President Obama called for new taxes and increased spending.

It is always the same. No matter what happens, Obama calls for more spending and higher taxes. It seems quite unimaginative on his part to never propose some other ideas for solving the federal deficit and the government’s other problems.

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A new poll, taken by a liberal poll company, finds that Democratic incumbents took a much bigger hit than Republican incumbents after the government shutdown.

11:02 am

A new poll, taken by a liberal poll company, finds that Democratic incumbents took a much bigger hit than Republican incumbents after the government shutdown.

As I’ve said repeatedly, the shutdown was a team effort of both parties, that occurred because of their disagreement over Obamacare. The spin has said the Republicans lost big. The evidences says otherwise.

Also, this poll was taken before the most recent disasters relating to Obamacare became public knowledge. I suspect the numbers will worsen for Democrats in subsequent polls.

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Obama apparently has rejected the Republican capitulation offer from yesterday.

6:59 am

The budget negotiations continue: Obama apparently has rejected the Republican capitulation offer from yesterday.

The Republican plan, which I think sucks, was simply not humiliating enough. Meanwhile, there appears to be some pushback from conservative Republicans. I am not hopeful, however. The cowards at the head of the Republican party always back down.

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The Republican leadership folds.

7:56 pm

The Republican leadership folds on the government shutdown. Key quote:

In exchange for meeting, at least momentarily, all of Obama’s demands, the House GOP is seeking a “framework” for future negotiations.

They get a repeal of an Obamacare tax on medical equipment, but lose everything else, plus give up some of the sequester cuts that have actually produced the first real reduction in the size of government in decades.

And the Republican leadership wonders why they keep losing elections? With incompetent friends like this, who needs enemies.

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The Obamacare website — that doesn’t work and probably never will — was originally supposed to cost $93.7 million and ended up costing more than six times more, $634 million.

6:42 am

Government marches on! The Obamacare website — that doesn’t work and probably never will — was originally supposed to cost $93.7 million and ended up costing more than six times more, $634 million.

Gee, this is almost as good as the James Webb Space Telescope, which is probably going to end up cost nine times more than originally budgeted.

And obviously, this disaster must be the fault of either George Bush or the tea party!

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“It is the Democrats who have taken an absolutist position.”

5:04 pm

“It is the Democrats who have taken an absolutist position.”

The rest of the quote makes this point even clearer.

I’d like to repeal every word of the law. But that wasn’t my position even in this fight – my position in this fight was, we should defund it, which is different from repeal….Even now what the House of Representatives has done is a step removed from defunding – it’s delaying it. Now that’s the essence of a compromise. For all of us who want to see it repealed, simply delaying it for American families on the same terms as has been done for American corporations – that’s a compromise.

Guess who said it.

I repeat that this budget battle illustrates to everyone that the Democrats are willing to shut down the government rather than deal with the terrible problems their terrible law has caused. They imposed Obamcare on everyone without any negotiation or compromise, and remain unwilling to even consider any discussion or changes.

It is their baby, and since they are willing to practically die for it, maybe the voters should give them what they want.

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The Treasury Inspector General has found that the IRS cannot account for $67 million of Obamacare funds.

3:06 pm

We’ve only just begun: The Treasury Inspector General has found that the IRS cannot account for $67 million of Obamacare funds.

he “Health Insurance Reform Implementation Fund” (HIRIF) was tucked into Obamacare in order to give the IRS money to enforce the tax provisions of the healthcare law. The fund, totaling some $1 billion of taxpayer money, was used to roll out enforcement mechanisms for the approximately 50 tax provisions of Obamacare. According to the report: “Specifically, the IRS did not account for or attempt to quantify approximately $67 million [from the slush fund] of indirect ACA costs incurred for Fiscal Years 2010 through 2012.”

The report also found other spending abuses, including using the money for travel that was unjustified.

But everything’s under control. The Democratic Party will make sure Obamacare is funded, no matter what!

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The Obamacare wars are just beginning.

10:35 am

The Obamacare wars are just beginning.

This is war—turning sectors of the economy into partisan battlefields is a cost of their agenda that liberals, with their pure faith in “programs,” never factor in. But wars also have a way of leading to unexpected outcomes.

Read the whole thing. The author outlines how this terrible law, defended again today by the Democrats in the Senate, will have numerous unintended consequences that were unexpected and are generally bad.

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Obamacare was written and passed solely by Democrats.

9:53 am

A reminder: Obamacare was written and passed solely by the Democrats.

The no-trespass sign to the GOP during the writing of the Affordable Care Act deprived it of the benefits of critical scrutiny and helpful ideas from the business community that is a primary GOP constituent. That kind of input might have prevented many of the calamities caused by ObamaCare: the uncertainty prompting employers to put off hiring; the high costs provoking big businesses like Delta and Walgreens to shed coverage, and others to shift parts of their workforce from full to part time; the threat to union-negotiated medical insurance, and the unpopularity of the law.

While Social Security and Medicare always had hard-core foes on the right, that was nothing like the broad, persistent and combative enmity directed at ObamaCare. Democrats have no one to blame but their our-way-or-the-highway approach. [emphasis mine]

This law is the fault of the Democrats, and no one should allow them to distract us into forgetting that. Moreover, when or if the government shuts down, it will be because the Democrats in power once again voted in support of this terrible law. And they did it now, when its destructive consequences have become all too evident.

As much as they like to blame others for their failures, this failure is their responsibility, through and through.

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Senator Cruz’s speech today in trying to get the Senator to pass the House bill funding the government but defunding Obamacare.

7:06 pm

An evening pause: Senator Cruz’s (R-Texas) speech today in trying to get the Senate to pass the House continuing resolution funding the government but defunding Obamacare. His speech begins at 6:25, after Majority Leader Senator Harry Reid (D-Nevada) rejected that bill.

I think it worthwhile for everyone to watch this speech, as Cruz makes it very clear that the only people willing to shut the government down are the Democrats. Moreover, Reid’s rejection establishes unequivocally the fact that the Democrats are once again endorsing Obamacare, despite its now very obvious disastrous problems.

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