Showing posts with label deficit. Show all posts
Showing posts with label deficit. Show all posts

Sunday, August 7, 2011

B-b-b-But It's HIS Fault


I got this in an email from my dad. It's great!  

B-b-b-But It's HIS Fault


The Washington Post babbled again today about Obama inheriting a huge deficit from Bush. Amazingly enough, a lot of people swallow this BULL.  So once more, a short civics lesson 

Budgets do not come from the White House. They come from Congress and the party that controlled Congress since January 2007 is the Democratic Party.
 

Furthermore, 
the Democrats controlled the budget process for FY 2008 & FY 2009 as well as FY 2010 & FY 2011. (FY = fiscal year)

In that first year, they had to contend with George Bush, which caused them to compromise on spending, when Bush somewhat belatedly got tough on spending increases.
 

For FY 2009 though, 
Nancy Pelosi Harry Reid bypassed George Bush entirely, passing continuing resolutions to keep government running until Barack Obama could take office. At that time, they passed a massive omnibus spending bill to complete the FY 2009 budgets. 

And where was Barack Obama during this time? He was a member of that very Congress that passed all of these massive spending bills, and he signed the omnibus bill as President to complete FY 2009. Let's remember what the deficits looked like during that period: (below)


If the Democrats inherited any deficit, it was the FY 2007 deficit, the last of the Republican budgets. That deficit was the lowest in five years and the fourth straight decline in deficit spending. After that, Democrats in Congress took control of spending, including Barack Obama, who voted for the budgets.

If Obama inherited anything, he inherited it from himself. 

In a nutshell, what Obama is saying is I inherited a deficit that I voted for
 and then I voted to expand that deficit four-fold since January 20th.

There is no way this will be widely publicized unless each of us sends it on!
This is your chance to make a difference.
 Stay Focused, Connected, Informed & Inspired.



 

Tuesday, March 1, 2011

Obama is Kicking the Can Down the Road but is GOP Kicking Smaller Can Down the Road Too?


The Obama budget is a fiscal joke, or a fiscal nightmare for our future.  The American people sent a message loud and clear to Congress and President Obama on November 2nd and it is obvious that he didn't get it.  


Senator Jon Kyl points out that Obama's budget adds nearly $13 trillion in debt by the end of the decade and the gross debt will reach $26.3 trillion by the end of the decade - which is 107 of gross domestic product.


 Senator Kyl says that: 
"The debt will eclipse the size of the entire economy." 




The United States will have a mega-financial disaster on its hands, which will look much like Greece does today.  


Sen. Kyl states: 


 "That’s a gloomy outlook, and it would be prudent to stop raiding the treasury. But, not in this budget. Under President Obama’s budget, the size of the federal government will nearly double since he took office. Over the next 10 years, the President proposes $8.7 trillion in new spending, with $46 trillion in total spending. Spending in this fiscal year is projected to be a record $3.8 trillion, or 25.3 percent of gross domestic product, the highest spending-to-GDP ratio since World War II!" 


I agree with Sen. Kyl.  This is a gloomy outlook.  This type of financial disaster can be avoided if President Obama, the Democrats, and the Republicans have the will and listen to the American peoples' voices which were spoken loud and clear in the November elections.  


The Obama budget would increase taxes on families, small businesses, and job creators at a time when  our economy is still very fragile.  How does raising taxes on small business owners and other job creators encourage businesses to hire new employees?  Simply put, it doesn't.  It decentivises the job creators from opening up new stores and hiring new employees.  It is a real possibility that their will be layoffs due to Obama's fiscal insanity. With this kind of backwards mentality of penalizing the backbone of our country - the entrepreneurs - in the near future I can see the unemployment rate rising above 10 percent. 


  But, does the GOP get it?


The GOP seems to be waving the white flag of compromise and giving into the Democrats.  Most of what is in the GOP's Stop Gap proposal consists of cuts which were already proposed by Obama and the Democrats.  The GOP is acting very weak and are compromising to avoid a government shutdown.  I am all for a government shutdown.  What has the government done right in the past few years?  The government has expanded like a huge balloon full of helium and it needs to be popped and shrunk down to a much smaller, acceptable size.  The Federal government has invaded our lives, like an invasion of aliens from outer space.  This ever expansive government needs to be reigned in and if it takes a government shutdown to save money and show the Democrats that we want to save or country from fiscal ruin, so be it.  The dynamics of our economy is different than in 1995 and there are more people who are more aware that the United States needs to get its fiscal house in order.  


The GOP didn't even have the will to cut at least $100 billion from the budget, as they pledged to the American people in November.  The House approved $61 billion in spending cuts and the GOP can't even stand on principle and put pressure on the Senate to pass those cuts.  This is unacceptable and makes me furious. We definitely need to boot some RINO's out of the GOP.  These compromisers need to go.  I am sick of the GOP being more worried about their political appearances than solving both our budget and deficit woes.  


So, sadly I have to say that more than a few in the GOP don't get it.  They are indeed kicking the can down the road, albeit a smaller can than the Democrats.  But, this should not be the barometer we use to judge the GOP. They must have had some serious wax in their ears during the November campaigns.  Or, maybe they have had amnesia?  Their actions and words are evidence that we need to remind them consistently and often of the will of the American people and what this country needs in order to get its fiscal house in order.