A note from Sarah Palin for the Frosh in Congress

From the politician who best knows how to use Facebook: Out here in proverbial politico flyover country, we little folk are watching the debt ceiling debate with great interest and concern. Today I re-read the open letter I wrote to Republican Freshman Members of Congress in November 2010, just days after they were ushered into … Read more

Is there a Glass Debt Ceiling?

Obama says he won’t sign anything if Harry Reid hasn’t urinated all over it, and we know Reid and the democrat Senate is running cover for Obama so he isn’t forced to lead. They call this compromise. I call it a sign. A sign that we need to fire Obama and Reid…

Get out of Obamacare…

Obamacare waiver card

John Boehner’s plan: THERE ARE NO CUTS. Thus, the question is this:

Is Boehner stupid, blind, ignorant, or perfidious? (I believe it’s #2: He has been blinded by the pervasive corruption of thought, language, deed, and outlook of Washington, DC.) 

This from Dr. Jerry Pournelle’s blog:

There Are No Cuts

Everyone is talking about Draconian cuts to the budget. The President won’t sign the Boehner Plan because of the cuts. Yet there are no cuts in that plan or in any plan proposed.

There are no cuts. None. Zip, Nada, Bupkis, Zero. None.

We need to understand how “budget cuts” are measured. The base line budget projects a $9.5 Trillion Dollar increase in spending over the next ten years. Any reduction in this increase in spending is officially a “cut.” Thus the Republican Deficit Plan mandates an approximate “cut” of $1 Trillion over the next decade in exchange for a rise in the Deficit Limit of $2 Trillion. Note that the $1 T “cut” isn’t assured, since it takes place in the future, and one Congress cannot bind another. (Note that. One Congress cannot bind a future Congress. It might be well to remember this.) But even if the $1 Trillion “cut” is faithfully carried out, the effect is that there will be an $8.5 Trillion increase in spending (and thus in Debt) over the next decade.

Put it this way. If Congress were to freeze spending: we will spend next year precisely what we spent this year on each project, none of them increased and none decreased – if Congress were to do that, the result would officially be a $9.5 Trillion cut. It would be a cut in government pay, in school lunches, in Medicare and Medicaid, to the Army and Navy, to the DOE SWAT team and the Department of Agriculture Pet Bunny Inspectors, a cut to Head Start, a cut the FDA, a cut to – well, you get the idea. Not spending more money every year is a cut, and a freeze on spending is a $9.5 Trillion Cut in Federal Spending. Cuts to school lunches, Medicare, Medicaid – well, we’ve said all that. Not spending more is a cut.

It hasn’t always been this way. Back in the 1960’s a “cut” was actually a cut; if a department’s budget got cut it meant that it got less money. But since the budget acts of the 70’s Federal spending automatically increases year after year and any reduction in that increase is scored as a cut.

So: if we adopt the Boehner Plan, we get what amounts to a $10 Trillion increase in spending over the next decade. And that, we are told, is the best we can hope for, and we ought to wheedle the Democrats and the President graciously to concede to give it to us good and hard.

Let me repeat that because while most of you know it, some don’t, and those who haven’t thought of it will find it hard to believe. A freeze in spending: a mandate that no department of government spend more next year than it spent this year; will be reported as a $9.5 Trillion cut. If Boehner gets all he asks for and then some, say a $1.5 Trillion cut over the next decade, he will have locked in an $8 Trillion increase in government expenditures (and thus the Deficit) over the next ten years. And the Democrats will decry the Draconian cuts in school lunches, education spending, Medicare, etc., etc. And at the moment the “non partisan Congressional Budget Office” believes that Boehner Plan would only “cut” $0.85 Trillion over ten years, meaning $850 Billion, meaning $85 Billion/year. The United States borrows $100 Billion a month.

There are never any actual cuts in spending. No one is proposing any. There are only temporary reductions in spending increases. No Plan by either Party contemplates any actual cut in spending. We are arguing over how much more we will let the deficit rise: $8 Trillion or $10 Trillion. If it only rises by $8 Trillion that will be counted a great victory with a $2 Trillion cut. Be prepared to pay.

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Gosh, and I thought that Harry Reid would have LOVED the plan – look!

TEA Party Principles: Stop the spending, Fiscal Responsibility, Free Markets, Rule of Law

We worked hard to get the best people in place that would carry those principles forward.  This IS the defining moment – do we let the Progressives ruin us financially, making our kids and grandkids slaves to the debt they have poured onto us, or do we stop the insanity and stop the growth of government?

Which translates to: will the Republicans, especially in the House, stand on principle or will it be the usual DC compromise?  Read this from Cato and you can easily guess:

The Boehner plan also doesn’t cut spending in a more fundamental way. It doesn’t lay out any particular programs or agencies to terminate. I’m in favor of spending caps as a secondary enforcement mechanism, but actual cuts have to come first. A caps-only plan like Boehner’s just kicks the can down the road. At best, it simply nudges future legislators to actually cut something specific.

Why doesn’t the House leadership propose real cuts? They’ve certainly got the resources and expertise to do the job. A single senator — Tom Coburn — produced a 620-page report last week detailing hundreds of programs to cut and terminate. Coburn and his staff read through thousands of articles and reports on the real-world performance of federal programs, and they made a good case for each particular cut they proposed. 

So, does the below chart show that DC has gotten the message and stopped the spending via the Boehner plan? No  Current deficit spending is $1.5 Trillion (give or take).  Does the Boehner plan stop the bleeding?    No.  The Rs are touting $3 TRILLION CUTS!  Er, over 10 years.  Translation – $300 Billion / year.  That’s IF later Congress’s stick to it…they don’t have to.  This STILL means deficit spending of $1.2 Trillion / year.

This is not what the TEA Party fought for in November – just more of the same with the Rs not convinced they have the power (even as the House Rs control the actual Purse Strings) to stand up and stand strong.  Once again, we see the wimp factor snatching defeat from the jaws of victory. Once again, we see the GOP action (their votes) failing to meet their philosophy (limited government).

With no respect meant for Harry Reid, this is the reason why I would have chuckled to himself ("those rube Republicans – I STILL get to spend lots!")":

 (H/T: Cato)

Even more charts showing in what bad shape we are in here.

They were sent to do a job –

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Letter Sent From the Bedford Money Club to all NH state representatives Regarding the Debt Ceiling Debate

July 25, 2011

Letter Sent to State Representatives and Senators

RE:  The Debate About Raising The U.S. Debt Ceiling

Dear US Representatives:

This letter is the first in a series that communicates the position of tax paying members of the Bedford, NH Money Club on a number of pressing issues before the U.S. Congress.  The Bedford Money Club is a women’s financial literacy group affiliated with the Women’s Institute for Financial Education (WIFE.org)—the oldest non-profit dedicated to improving the personal financial literacy of women.  The Club eschews politics, but felt compelled to write these letters because we are appalled at how poorly governments are being managed at all levels in this country.  As citizens of a “donor” state that receives $0.71 for every $1.00 we send to Washington, we’re especially unhappy about the current situation.

Our first letter expresses our position on the debate concerning raising the U.S. debt ceiling.  We have been told that raising the U.S. debt ceiling is essential to preserving the AAA credit rating of the United States of America.  Consequently, we support raising the U.S. debt ceiling.  However, our support is contingent upon Congress immediately implementing significant budget and deficit cuts, rather than delaying these cuts until after the 2012 election year. You work for us, and we want to be in a position to fire you in 2012 if you fail to shrink the budget and debt as we have requested.  We do not want our country in this financial position ever again.  

We further explain our rationale in the letter that follows.

1. Don’t increase our National Debt:  The U.S. Debt Ceiling has been raised 80 times since 1940, and each time, policy makers have failed to take steps to bring spending in line with what the country can afford without becoming enslaved to foreign governments that might use this leverage against our national interests.   Raising the debt ceiling makes it harder for Americans to retain our freedom and control over how our money is to be spent.  Also, we lack confidence that our representatives will follow any increase in the U.S. Debt Ceiling with significant cuts to current and future budgets that would lead to a permanent reduction of this debt.  If you raise the debt ceiling, we want budget and deficit cuts to be made prior to any increase in taxes or tax code reform to offset any increase in the National Debt.  We do not want these cuts deferred or delayed.  We want smaller government now, not ten years from now.

2. Don’t Jeopardize the AAA Credit Rating of the United States and the U.S. dollar as the world’s Reserve Currency

 

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Who is the real NO?

Well, sir, where is YOUR plan?  Oh, just TALKING about having a plan?  

Americans Deserve Better

Increasing America’s debt weakens us domestically and internationally. Leadership means that, ‘the buck stops here’. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

No Debt Ceiling Increase without Cut, Cap, and Balance

To the Editor:  

Both President Obama and Speaker Boehner failed to deliver acceptable proposals for raising the debt ceiling and both failed to explain the real situation to the American people.  

President Obama hasn’t provided specifics for a  plan, he makes no real attempt at compromise, his desired taxes on “the rich” provide a minuscule income, he continues to lie about the Bush tax cuts which actually increased tax revenues and shifted more of the tax burden to the rich, and he continues to threaten seniors and financial catastrophe.  (We hear similar threats every time our leaders try to pressure our representatives into doing bad things.)   

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TeleTown Hall with Frank Guinta

Got a call and was joined onto Congressman Frank Guinta’s TeleTownHall event.  In listening to some of the others, a couple folks had some things to say that, of COURSE, I have opinions on: Al basically said to just tax the rich; they need to pay their fair share.  Well, All, using the latest numbers … Read more

The Harry Potter of the debt ceiling debate – that which cannot be named.

Or, at least to this point, hasn’t been talked much at all and if so, in hushed tones – actually paying the $14.5 Trillion debt actually racked up, not to mention the piling onto it by Obama and the Democrats spending?  Instead we’ve heard about:

  • The tax revenue enhancement
  • Closing loopholes
  • Flattening the individual and corporate rates
  • Restructuring the entitlements 
  • The deal is on, the deal is off, there’s a new deal
  • Obama is a petulant President.
  • And today, we know that Obama has been cut out of the dealing.
  • And Obama is one very scared President, with the realization that he’s fast becoming a one term President

Especially if the best efforts of Pelosi, Reid, Geithner, and Obama can’t keep the GOP from a two tiered effort with a short term effort that will result in yet another vote right smack dab in the Presidential general election.

And yes, Pelosi is scratched out as she has become irrelevant.  And yes, I scratched the GOP.  Sure, it is Republicans Cantor, Boehner and McConnell that are driving the bus up front.

But they ain’t the engine – the TEA Party is.  From a rag tag collection of fed up regular type folks that started off complaining that the Govt was going to pay their neighbor’s mortgage to staging rallies attracting <tens| hundreds |tens of thousands> of people to influencing municipal, county, and state level officials and elections.

And then on to getting Federal candidates elected to both the US House and the US Senate. The TEA Party was ALWAYS the force that could derail the Progressive train-wreck-to-happen right from the get/go, and the Progressives knew it at the start.  They realized that as soon as there was no one single leadership, they were doomed – it was only a matter of time.  And this past November, the TEA Party doomed a lot of the Progressive politicians (mostly Democrats but a fair number of Republicans as well)

And it is the US House that is in the driver’s seat and Obama knows it.  And Obama knows that it is this populist uprising against his expansion of Government to full blown Socialist levels & a vast expansion of the welfare state. And this is the nexus of raising or not raising the debt ceiling:

Are we going to allow the foundational philosophy of a limited government evaporate?

Mark my words – unless the spending is racheted down NOW, at THIS point in time, there may no longer be an environment where we, rather than government, can determine our future (or our present).  The spending has to stop – either…

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A Brief History of President Obama’s Fiscal Record

Setting the Record Straight
July 15, 2011

 
 

Despite newfound concern with the debt overhang stifling economic growth, President Obama’s record falls far short of his rhetoric.  Let’s review the decisions made by President Obama and Congressional Democrats over the past couple of years, and the disappointing results of their policy choices:

January 20, 2009 
President Obama sworn into office

  • President tells the American people in his Inaugural Address: “Those of us who manage the public’s dollars will be held to account, to spend wisely, reform bad habits, and do our business in the light of day, because only then can we restore the vital trust between a people and their government.”

  • Debt Held By Public = $6.31 trillion

February 17, 2009
President Signs into Law the Spending Stimulus

  • The stimulus adds $821 billion in new spending according to the Congressional Budget Office (CBO).

  • The White House promises this infusion of spending and borrowing would keep unemployment rate below 8%.  As millions of Americans are painfully aware, that promise was broken.

  • Debt Held by Public = $6.48 trillion

February 26, 2009
President Issues FY2010 Budget

  • The President’s budget adds $2.7 trillion in new debt in FY2010 and imposes $1.4 trillion in new taxes.

  • Debt Held by Public = $6.58 trillion

March 11, 2009
President Signs FY2009 Omnibus Appropriations Act

  • The massive spending bill includes 8,696 earmarks at a cost of $11 billion.

  • The spending bill adds $19 billion in new spending above the baseline – an 8.6% spending increase.

  • Debt Held by Public = $6.66 trillion

April 29, 2009
Congressional Democrats Pass FY2010 Budget

  • The Congressional Democrats’ budget calls for a $2 trillion debt increase in 2010, and another 8.9% increase in non-defense discretionary spending.

  • The reconciliation process is abused to later pave the way for health care overhaul to be jammed into law.

  • Of note: this is the last time Congressional Democrats will bother budgeting.

  • Debt Held by Public = $6.85 trillion

continued on the jump…

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Obama refuses to raise the debt ceiling! Good man!

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our government’s reckless fiscal policies. … … Read more

Unfortunately, this is not a fantasy…

I don’t want to compromise! Stop the spending!

The chuckleheads in DC are talking about making a deal on the debt ceiling – $2 – 4 Trillion over 10 (or is it Obama’s 12) years. RIGHT, YOU SAPS, LIKE THAT’S GONNA WORK??? That’s in the range of $2-400 Billion / year. HEY, DING-DONGS, HOW’S THAT PLAY AGAINST EVEN THIS YEAR’S DEFICIT OF $1.6 … Read more

The ‘Grok on WGIR – interest rates

 Updated and Bumped: audio added:

 ==============================================

Was on with Jeff Chidester and his sidekick Justin McIsaac from 6 – 6:30 this morning (and will be again tomorrow morning) and we talked about the NH House passing SB 2 as elected politicians have lost the trust of the voters to do the right things in terms of spending.  We also talked about OUR national debt and annual deficits, and how a few percentage points difference in the rates the US pays on our financial obligations would absolutely put a stop to social spending.

I mentioned that Portugal, as one of the PIGS (Portugal, Italy, Greece, and Spain; the clump of Euro countries all in dire straits), is already showing what will happen to us if our politicians do not clamp down on the spending fiasco coming out of DC:

Our debt payment would easily go from number four on the list of largest US payment items (exceeded right now only by Social Security, Medicare, and Dod) to number two or first if the bond markets found that we, as a nation, just weren’t sufficiently trustworthy and presented a risk of default.  As I said on the show, look what has happened to the price of money to Portugal:

Very steep, and very quickly.  This, in financial terms, is a "cliff".  Fear it.

Yes folks, if the chuckleheads in DC do not finally look disaster in the eye and make the hard decisions we sent them to do (and to which they have thus far punted on), this will be us.  And while this is seen as a Conservative issue, this ought to be a Liberal concern as well, for if all the money is going to service the debt (because of your wastrel spending in the first place), you are going to have to wave your New Deal / Greatest Society dreams of the biggest welfare state in history goodbye.

Links on stories that we did NOT get to after the jump:

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Debt Ceiling: Vote for it, and we are your enemy

Erick Erickson of Redstate has thrown down the gauntlet over the upcoming national debt ceiling debate: I pledge that if any Republican votes to increase the debt ceiling without first cutting, capping, and balancing using Lee-Cornyn-Hatch, I will work like hell to beat the hell out of him/her in a primary, even if their election … Read more

Maybe the House Got the Message

Perhaps the House of Representatives did get the message from last November‘s election and from polls indicating that Americans are serious about cutting deficit spending.  On Tuesday, in a bi-partisan vote (82 Democrats,  236 Republicans) the House overwhelmingly rejected President Obama’s request to unconditionally increase the debt ceiling.  Only 97 Democrats voted to continue reckless spending.  

Despite alarmist claims about not raising the debt ceiling, the Secretary of the Treasury can dispense its approximately $2 trillion revenues on a priority basis.  Our country need not default on our debt or fail to pay the military, seniors, the poor, or other critical obligations UNLESS OBAMA’s administration CHOOSES NOT TO MAKE THOSE PAYMENTS. 

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Cartoon of the day 5-18-11

Raise The Debt Ceiling – Bob Gorrell

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