Tag: Obama

The job boom for government regulators under Obama

3:06 pm

The chart of the day, from John Merlune at Investor’s Business Daily:

Boom in jobs for regulators

Merlune’s article outlines in frightening detail how there has been a job boom in only one place during the Obama administration, the government regulatory industry.

Regulatory agencies have seen their combined budgets grow a healthy 16% since 2008, topping $54 billion, according to the annual “Regulator’s Budget,” compiled by George Washington University and Washington University in St. Louis. That’s at a time when the overall economy grew a paltry 5%.

Meanwhile, employment at these agencies has climbed 13% since Obama took office to more than 281,000, while private-sector jobs shrank by 5.6%.

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Kansas becomes the second state to return a large federal grant awarded to them by Obamacare.

9:24 am

Kansas becomes the second state to return a large federal grant awarded to them by Obamacare.

‘Every state should be preparing for fewer federal resources, not more,’ Governor Brownback said in a statement. ‘To deal with that reality, Kansas needs to maintain maximum flexibility. That requires freeing Kansas from the strings attached to the Early Innovator Grant.’

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Restaurants Brace for Job-Killing Obamacare Regulations

7:43 pm

Repeal it: Chain restaurants struggle with Obamacare regulations requiring all menus to include calorie information.

Under the new rules, if [a chain] wanted to introduce a new item, such as a crab cake pizza, [they’d] have to replace the signs in all of [their] stores, sucking time and money that could otherwise be used to build [the] business.

And:

“So what it comes down to is this: The federal government has passed a law requiring us to build new signs, or buy new menu boards, and to put on those signs and menu boards information which we already provide, even though it is unlikely to change eating habits, at a cost of over a million dollars we will divert from and be unable to spend on jobs,” cautioned Puzder.

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Federal payments required by Obamacare understate the cost by as much as $50 billion

12:07 am

Finding out what’s in it: Federal payments required by Obamacare actually understate the cost by as much as $50 billion, according to a new study.

In May a congressional committee set the accounting rules that determine who will qualify for federal health care subsidies under the 2010 Patient Protection and Affordable Care Act. When the committee handed down the rules to the Congressional Budget Office, its formula excluded the health care costs of millions of workers’ spouses and children. The result was a final estimate for 2010 that hides those costs.

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Treasury Adds Another $20 Billion In Debt Overnight, Just $160 Billion Below Revised Ceiling

9:41 pm

Get ready for another battle in Congress: The U.S. Treasury added another $20 billion in debt last night, putting it just $160 billion below the newly passed debt ceiling.

The total US treasury balance (subject to the ceiling) is $14.54 trillion (and $14.58 trillion for total), an increase of $20 billion overnight, the Treasury will hit its latest ceiling no later than the end of September. . . . The debt ceiling now is $14.694 trillion: a number which Tim Geithner will hit in about a month.

According to the bill that raised the debt ceiling, the ceiling is only raised in stages. The next stage of $500 billion requires Obama to request it and Congress to okay it.

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Five insurers cancel their healthcare coverage in Indiana due to Obamacare regulations

9:33 am

Repeal it: Five insurers have announced they are canceling their healthcare coverage in Indiana due to Obamacare regulations. The reason?

Aetna was leaving the Indiana individual market over a rule in the federal health care overhaul that insurers essentially must dedicate 80 percent of the premiums they collect to medical care. Anything less than 80 percent would be paid as rebates to policyholders the following year.

In other words, Obamacare tries to legislate the percentage of overhead a company spends, something that in the real world is simply impractical. Under this kind of regulation, every private company will eventually go out of business, leaving us stuck with a nationalized healthcare system run by our government.

And we all can see how efficiently the government runs things, right? Imagine a visit to the doctors’ office being like going to the motor vehicle administration.

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Tea Partiers like “terrorists.”

6:09 pm

Leftwing civility: Joe Biden accused the tea party Republicans today of “acting like terrorists” in the negotiations over the debt limit.

And why? Because they simply refused to back down to those who want to spend us into oblivion.

Then there’s this quote from Mike Doyle (D-Pennsylvania): “We have negotiated with terrorists. This small group of terrorists have made it impossible to spend any money.”

Impossible to spend any money? What kind of fantasy world does this idiot live in? The federal budget has doubled in the past ten years. Meanwhile, this debt ceiling bill does nothing to reduce the size of government. On the contrary, the so-called reductions in the deficit merely slow the growth of government. Under the agreed plan, in each of the next ten years the federal government’s budget will still grow, and it will do so at a rate far exceeding inflation in an dying economy choked by regulation and government interference.

How is it even possible to deal with this problem if you have to deal with people like this, who are so divorced from reality and consider anyone who disagrees with them the worst sort of monster? Sadly, it is impossible. Until we see a wholesale change in government, with most of these idiots thrown from office, we will see no change in how our government is operated.

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Why Obama should be re-elected

10:03 am

Why Obama should be re-elected.

The guy has done absolutely everything he’s promised… that’s mattered. Like remember how he said he was going to pass a big stimulus and keep unemployment from being 8%? Well, he passed his stimulus, and now unemployment… is not 8%. It’s an entirely different number than that. If you really didn’t want 8% unemployment, well guess what: You’re not dealing with that level of unemployment. Promise kept. And look at all the work he did for it: He spent $666 billion to bypass 8% unemployment. Could you spend that much money? No way. If I sat you down in front of a computer, logged you in to Amazon, and said, “Spend $666 billion,” it would be futile. You’d be clicking “Buy Now” until your mouse broke. But Obama did it; the man’s got hustle.

Read the whole thing. It will surely change your mind about Obama.

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How the end of NASA affects national security

9:38 am

How the end of NASA affects national security.

Though I don’t agree with all of Dinerman’s points, he provides a complete and excellent analysis of the present political state of NASA. To me, the key quote is this:

NASA’s Administrator and his Deputy worked hard, along with the President’s science advisor and the rest of the White House team, to alienate a critical mass of members of Congress by ignoring their concerns, rejecting their advice and blindsiding them with critical space policy decisions. The Obama administration then wrecked the previous program on the grounds that it was underfunded and behind schedule, and replaced it with a new program that looks as if it is now underfund and behind schedule. Congressmen and women being human, and under massive pressure to cut spending, have now cut the guts out of the space agency’s proposed budget.

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Outlines of debt ceiling deal leaked to press

9:59 am

The outlines of a possible debt ceiling deal have been leaked to the press. No tax increases, and a lot of promised cuts, some real but many that are probably likely not to happen.

If true, this deal will represent a victory for the Republicans, despite what appear to be the weak nature of the cuts. And John Podhoretz explains why in a very cogent column today, using the Cold War as an analogy.

Everyone on the Right agrees that the U.S. is on an unsustainable fiscal path that must be altered. The difference comes down to the acceptance of political realities. Just as the United States could not effect rollback in the late 1940s (or any time thereafter), so too the Right and the Republican Party cannot effect a revolutionary change of course on July 31, 2011 with the Senate and the White House in liberal Democratic hands. The strategy, like containment, must have a longer time horizon, though it has the same goal: Ending the entitlement state before it swallows up the rest of the country.

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Senate kills Boehner debt ceiling plan

8:49 pm

That didn’t take long: The Senate has killed the Boehner debt ceiling plan that passed the House.

What the Democrats are missing in all this is that if no debt limit extension is passed, it is their beloved programs that will be hurt the most. The Republicans have more or less always preferred limiting government, so imposing the debt ceiling will only serve their purposes.

Thus, it is the Democrats who need the debt ceiling extended more than anyone. That they seem unwilling to agree to any deal or even propose one of their own seems the height of stupidity. Talk about cutting off one’s nose to spite one’s face!

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How High Would Taxes Have to Be to Close the Budget Gap This Year?

5:41 pm

How high would taxes have to be to close the budget gap this year? One blogger took a look:

I decided to look at the IRS data and calculate exactly how high would the tax rates have to be close this year’s budget gap of around $1.6 trillion (it’s $1.65 trillion according to the White House and $1.55 trillion according to the CBO). What I found was certainly not surprising but still quite disturbing.

Take a look yourself. It is very clear that increased taxes cannot solve the debt problem. It can’t even make a dent in it.

In other words, those advocating a “balanced approach” are really only avoiding the problem. In order to get the federal budget under control we have to cut spending. Nor should that be hard, considering that the federal budget has literally doubled since 1999. If we simply went back to 2000 numbers we’d almost certainly have a surplus, and no one would die nor would the world end.

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One in eight small businesses have stopped providing health insurance since Obamacare was passed

8:44 am

Finding out what’s in it: One in eight small businesses have stopped providing health insurance since Obamacare was passed.

One of the great “promises” of [Obamacare’s] supporters was that insured people would be able to keep their current health insurance plan. As a practical matter that has not been true for a substantial number of small employers and their employees. Since enactment, one in eight (12%) small employers have either had their health insurance plans terminated or been told that their plan would not be available in the future.

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What Democrats did wrong on the debt ceiling in 2010

10:44 pm

Analysis from a liberal at the Washington Post: What Democrats did wrong on the debt ceiling in 2010.

Raising the debt ceiling is really, really unpopular. The idea that Congress should vote itself more authority to run deficits is really, really unintuitive. Even now, after many months of coverage and the most aggressive communications campaign this White House has attempted, Americans are closely split on whether we need to raise the debt ceiling by Aug. 2. Whenever I try to run out the logic of Obama simply refusing to allow Republicans to take the debt ceiling hostage, I end up with us approximately where we are now, but Obama’s numbers are lower, the GOP’s numbers are higher, a number of congressional Democrats have broken ranks, and Washington elites are firmly arrayed against the White House.

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