Money, Money, MONEY – What Would You Cut?

I remember becoming politically aware that our National Debt was rising and never seemed to take a pause. And I was one of the very few who cared while our DC denizens showed little or no concern regardless of party. And now? At one point, I said that we’d find ourselves, mathematically, unable to pay … Read more

How Remote Federal Workers ‘Could’ Make America Great Again

Iowa Senator Joni Ernst is chairing the Senate companion committee for the DOGE initiative. DOGE has a mission to make the Federal Government more efficient and less bloated. Ernst issued a press release this week outlining her committee’s commitment to the project with some details about one particularly troubling aspect, which is an opportunity to … Read more

My Nation is 35 Trillion In Debt And All I Got Was…

I’m not sure when the trend started, but at some point in the arc of pop culture, T-shirts began to emerge with the message: “I went to [insert name of place], and all I got was this stupid T-shirt.” This sprung a number of variations on the theme: “I went there, did that, but all … Read more

Exist sign

Mass Deportations would Reduce the Deficit.

If you are a fiscally conscious voter, we have some good news. Recent research by the Manhattan Institute suggests that border jumpers (no duh! moment approaching) represent a significant cost to taxpayers that their deportation would alleviate. The complete unroll is impressive (look here), but the gist is that the cost of illegal immigration is … Read more

Sky universe no ceiling Photo by Kristopher Roller on Unsplash

The Debt Sky

Thanks to Republicans in the Senate, the federal debt ceiling is about to rise by $480 billion.  That ceiling always gets reached eventually, which means that $480 billion is going to be borrowed, to be paid back later with interest.

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Budgets

Data Point – Federal Debt FY2006-2021

At what point is “enough Debt is enough”?  Probably not until interest rates go from 1% to 10% in an afternoon when the Fed stops buying Treasury notes – and no one else is either. At that point, not only will America’s financial status be junk, our enemies will know that everything else is as well.

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US Debt

Fed Chair Warns America’s Federal Budget On ‘Unsustainable Path’

Wednesday Jerome Powell issued the caution due to rising levels of federal debt. Federal debt is created when federal spending exceeds federal taxation. The Chairman of the Federal Reserve was addressing the Joint Economic Committee.

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Data Point – Interest payments on slope to exceed DoD budget

Liberals and Progressives have, for years, said that we have to decrease spending on defense and spend it on more important things – don’t think that they meant debt payments.  Sorry, but you guys, in the end, are going to be the ones that screwed your own social programs. (H/T: Weekly Standard)

Jeanne Shaheen: “Porking” Those Tax Increases Down Our Throats

  “If Thomas Jefferson thought taxation without representation was bad, he should see how it is with representation …” —Rush Limbaugh

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Today’s Union Leader Editorial, entitled, “Free Cops!” points once again to the ills of  having a big-government Democrat like Jeanne Shaheen serving the Granite State in the U.S. Senate. Like her liberal counterpart, former Congressperson Carol Shea-Porter,  Shaheen brings home the bacon … To wit: a $1.4 million federal grant to pay for six new police officers;  Providing four for Manchester and one each for Pelham and Claremont.

Not a new scheme at all. During the Clinton years we see how well it worked here in the Queen city the last time the Federal Nanny doled out money for cops. And as always, there is an end on the horizon for that funding which only segues the bitter fiscal fight also on the horizon.  Police administrators, Union hacks and those in city government with a shameless fealty for tax and spend policies to keep those positions, will seek to have them funded on the backs of local taxpayers. Epic Fail. This latest grant is a mere redux of the same scheme.

Senator Shaheen is the epitome a big-government liberal. She does not respect local government, nor the people who elected her. This is a clear second example of such in just a few short months where Shaheen advocated for the Feds to contract locally with Planned Parenthood in the wake of the Executive Council’s vote not to fund Planned Parenthood services in the Granite State. Now she gives Manchester government a back-handed slap.  

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Would You Suck Twice as Hard for Half as Much?

I appreciate it when democrats give you the rope with which to hang their half baked ideas.  Take Mark Fernald for example.  Mr. Fernald is a sometime New Hampshire Democrat candidate for this or that, and prominent member of the left wing Granite State Fair Tax Coalition (GSFTC).  He recently (sorry, frequently) forwards  partisan, left wing economic spin, to justify his pet obsession with rising taxes and class warfare. 

This most recent email to the arm chair central planners in his fan base is just another in a string of left wing editorials that attempts to contrast democrat spending against that of our previous president. It is typical Fernald; an oranges to rotten apples comparison that uses incomplete data, wild assumptions (about Obama’s future affect in every case), misleading graphs, cherry picked data, and resulting percentages that stretch the fabric of reality so thin that you could easily pass into the alternate dimension in which Democrats and faeries dance widderershins around the deficit mound, as money appears out of nowhere to pay for whatever theirr tiny, narrow, Marxist minds can imagine.

donkey with hed up assThis particualr faerie story centers around three graphs from the Government Printing Office (GPO).  Not the fed, the treasury, or even some fruit-loop left wing think tank, but the GPO.  The GPO prints stuff, and answers to the Executive branch.  So right out of the toy-box we have to question these partisan stills, presented as they are in a partisan manner, bearing guestimated facts and assumptions, with no basis in reality any greater than anything that has ever escaped Mr. Obama’s teleprompter; you do recall all the Obama the non-partisan, deficit cutting, cost reducing, globe saving, health care giving, unifying, auto company saving, mortgage rescuing, goodness?  How about the transparent lobbyist-less,  open to ideas, new tone, we need to work together Obama?  No?  You probably remember the we won, closed door, partisan, hate those bankers, Tea Partiers are terrorists,  intimidation tactics, don’t interrupt my vacation, Arrest Ron Paul supporters, dozens of lobbyists, shadow cabinet, Attack Arizona, hunt down my enemies, anti-free speech, black panthers can scare away voters, give guns to Mexican drug lords, nohting is my fault Obama with the double action golf-club grip?  Well his printing office is the source.  Are we surprised it tries to make him look good?

So what can we glean that goes beyond the objective of showing your Republican friends that they are wrong about Obama?  How about using facts to show that those Republicans are actually right?

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Your Tax Dollars Hard At Work!

“It is a general popular error to suppose the loudest complainers for the public to be the most anxious for its welfare.” ~Edmund Burke And when older people are yelling, “Don’t cut my Social Security!” Do you think they know about this community in Tacoma Washington? SO here you have it….Obama pimping the old people to keep … Read more

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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