by Kevin Scully |
The Democrats have successfully reintroduced indentured servitude to American society by creating three classes of government serfs. The vote-slave, the wage-slave, and the debt-slave.
Articles tagged as
Deficit
Promise, Tax, Grow Government, Borrow, Grander Promises, Until…
Promise me this… The Donkey’s running for President are locked in battle. Socialists all, they are competing to become the candidate who promises to give away the most tax dollars of yours. They are promising to give away everything to anyone who might be a potential voter whether or not they are a citizen. Why … Read more
Red Ink Rules
The federal government drools when it come to budgeting The federal deficit was $693 billion for the first half of fiscal year 2019. That is $94 billion more than the deficit recorded during the same period last year. By anybody’s numbers the deficit and our accumulated debt are too large. Quite simply our federal government … Read more
Our Gross Overspending … $1 Trillion Again
Fiscal insanity Fiscal insanity continues to reign in the District of Columbia. Congress steadfastly refuses to budget for the nation. It continues to authorize spending while refusing to acknowledge responsibility for repayment. There are no signs of a return to fiscal sanity in sight. A new report from the Congressional Budget Office (CBO) indicates that … Read more
From the Desk of Representative William O’Brien
From the Desk of Representative William O’Brien If you don’t think that State Government should grow at 5% a year while the economy is growing at 2% a year, resulting in a two-year 10.2% increase in state spending, $263 million in new taxes, $31 million in revenue overestimates, $7 million in cost downshifting to local … Read more
Is Senator Shaheen Your Senator…or Just the Democrat Party Senator?
New Hampshire US Senator Jeanne Shaheen is not here to talk to any little people that are not her little people. When asked a question about more spending stimulus, as recommended by President Obama, that would be more debt spending at the expense of our children and their children, she couldn’t even be bothered to respond. I guess she’s … Read more
It’s about the children
Michael Ramirez nails it.
Your childrens’ future…
H/T John Hinderacker and Michael Ramirez…emphasis mine. “If there is one thing we know for sure about the federal government, it is that it spends way too much money–around $3.54 trillion in FY 2012, with a $1.1 trillion deficit. You would think that the man who presides over this mess, Barack Obama, would have the … Read more
MYTH 3: We have a “revenue” problem
You can read Myth’s 1, 2 and 4 here should you care to; my purpose for the moment is to mug and pummel the idea that spending is not the problem and this helps illustrate that.
The revenue problem refers to the notion that revenues are too low. Typically, special attention is drawn to the tax rates paid by the “wealthy.” However, taxes are not too low. In actuality, taxes are too high. Once again, take a look at the last 20 years. In 1992, federal tax revenue totaled $1.642 trillion in 2012 dollars. In 2012, revenue skyrocketed to $2.435 trillion in 2012 dollars. While federal spending has eclipsed revenue by more than $1 trillion each of the last four years, too little revenue has not been the culprit!
Put another way, imagine that you are earning 793 billion more dollars today than you were twenty years ago and yet your lifestyle still exceeds your income by more than a trillion dollars a year.
Do you think the someone with the Name tag that reads ‘Hello My Name is: Federal Government” could use a little intervention?
Blood and Water – The Return of Democrat Rule in New Hampshire
Skip broke the news (on the Grok) about New Hampshire State Government’s department heads making budget requests that would increase state spending by 26% in 2013. If you had any delusions about who or what state agencies represent, you just got your answer.
It ain’t you. It’s them.
In the current economy, with no regard for whose money they are spending, incoming governor Maggie Hassan would have to raise taxes and fees by at least 19% to fill all the requests. AFP-NH estimates that this would extract around 700 million dollars from the people of New Hampshire to pay for new spending that would never go away. So that’s 700 million from every budget henceforth and anon, plus new new spending each budget there after….these are Democrats if you recall, there is no enough when it comes to spending your money.
And that $700, 000,000.00 (million) is ironically close to another sum we readily associate with New Hampshire Democrats.
Speaking of going out of business…
Uh-oh: “…Unemployment at 8%, $16+Trillion in debt, $1 Trillion + annual deficit, GDP growth is the worst recovery is vapid, the Rule of Law being ignored faster and faster….”
And now this:
Harry Reid on Raising Debt Limit to $18.794T: ‘We’ll Raise It’
(CNSNews.com) – Senate Majority Leader Harry Reid (D-Nev.) said on Wednesday that if the $16.394 current legal limit on the federal government’s debt must be raised in the next few months by another $2.4 trillion, “We’ll raise it.”
That would set the debt limit at $18.794 trillion.
Fine. Wonderful. Let’s have the financial armageddon come faster and harder, shall we? Not just $16 Trillion (100% of GDP) but let’s start the process of going to twice that. Gee, I thought that the purpose of our elected leaders was supposed to keep the country safe from enemies from without and within? How does raising the debt to this level accomplish this, Senator Reid? Or is this, again, a feature and not a bug? Would you get even more peevish if I said that this would make us more “susceptible”?
Wonder if that’s why this came up – TODAY (right AFTER the election)?:
Fitch Ratings threatens to downgrade the US’s credit rating.
You know its bad when Obama gets the virtual 2 X 4 from……
…Iranian President Mahmoud Ahmadinejad??? “How long can a government with a $16 trillion foreign debt remain a world power?” he asked at a press conference with Kuwaiti media personnel. “The Americans have injected their paper wealth into the world economy and today the aftermaths and negative effects of their pseudo-wealth have plagued them.” Look, he … Read more
Data Point – annual Presidential deficits since 2000
What is startling is viewing this from the promise that Obama made that he would reduce the annual deficit by half. He didn’t. Not even close. And ask yourself – how much credence do you now give the Obama Administration’s guesses? (H/T: Instapundit)
Rows of ‘O’s
Thanks to Grok contributor Mike Rogers, wherever he may be today, for sending this around. I proudly post it in his name. (with a slight mod by me.)
Obamanation. The (ever growing) List
I should have done this long ago because it’s very difficult to remember the multitudes of disasters achieved by Obama and Democrat rule. So here’s the first edition of an obviously non-exhaustive list of achievements accomplished by Obama and the Donks. I plan on updating this frequently as more comes to my memory (feel free … Read more
The Deficit From The Democrat National Convention
Looks like the Democrats reckless spending culture permeates everything they do–From Michael Patrick Leahy at Breitbart.com. On Friday, Bloomberg News reported another embarrassing fact about the recently completed Democratic National Convention: it operated at a $15 million deficit. In a move certain to raise eyebrows at the Federal Election Commission, $10 million of that deficit was … Read more
Didn’t He Pledge To Cut the Deficit In Half By Now? What Went Wrong?
Four years ago, President Obama said, “… I’m pledging to cut the deficit, we inherited, by half by the end of my first term in office”. (See for yourself, at about 1:30 in.) Reported today: “The Congressional Budget Office made it official today, projecting a $1 trillion-plus budget deficit for the fourth straight year”. What … Read more
Taxpayers Now Out 25 Billion
The Government Buy-up and Bail-out of General Motors saved union jobs while arbitrarily eliminating tens of thousands of non-union jobs at dealerships, put taxpayers on the hook, and at present will cost us at least 25 Billion in losses as the value of the automaker “we own” a part of continues to decline. Had they … Read more
Ask a New Hampshire Democrat…About Taxing ‘The Rich.’
I am willing to bet that almost every New Hampshire Democrat supports the national agenda on taxing corporations and “the rich.” To paraphrase Kyle Reese from the original Terminator movie, in regard to Democrats raising taxes… “That’s what they do. That’s all they do.”
The real problem is, of course, spending, which Democrats deny. “It’s not about spending,” they say, “we need the rich to pay ‘Their fair share®.'” But all you have to do to prove they are wrong (again) is to look at what would happen if Democrats actually got those taxes they say we have to have on corporations and the wealthy.
GrokTV Special Interview-Rick Parent (Cand, Congress NH-CD1)-Question 7: Budget is $1T out of balance; What gets cut?
It is clear that a major part of Rick Parent‘s concern is that of the gobsmacking debt that our “leaders” (both Democrat and Republican) have run up in our names (and wallets) – $16 Trillion and now over 100% of our GDP (a “red zone” on a gauge of OK, caution, and “Danger, Will Robinson!”). … Read more