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Topic: Sky-High Spending,Not Bush
Tax Cuts, Drives Deficits |
Sky-High Spending,Not Bush
Tax Cuts, Drives Deficits
Investor's Business Daily, by John Merline
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Original Article
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Posted By:RustMB, 10/18/2012 9:08:28 AM
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| President Obama often talks about the need for a "balanced" approach to deficit reduction, by which he means tax hikes in addition to spending cuts. At the recent presidential debate, for example, he said, "We've got to reduce our deficit, but we've got to do it in a balanced way. Asking the wealthy to pay a little bit more along with cuts." The only problem with this approach is that the massive projected deficits over the next 10 years aren't the result of too few taxes. They are entirely the result of too much spending. Here's the proof.
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Reply 1 - Posted by:
country boy, 10/18/2012 9:24:05 AM (No. 8942075)
One of the House Rep (think it is John Cornyn) puts out a book on wasteful Washington spending. Giant stuff, hard to believe. Government spent hundreds of thousands building robotic squirrel. (For what??). Government spend huge money designing food which can be eaten on Mars (uh, nobody's ever going to Mars). Spend hundreds of thousands producing a play showing how to deal with Global Warming.
If the Dems are not trying to intentionally destroy the country, surely a good imitation.
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Reply 2 - Posted by:
uno, 10/18/2012 10:00:47 AM (No. 8942204)
Sky-High Spending, looting the Treasury and selling our broke-A soul to China was not a Bush policy!
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Reply 3 - Posted by:
enuf8, 10/18/2012 12:01:41 PM (No. 8942632)
# 1 - Tom Coburn from Oklahoma----places responsibility on Congress. There is no restraint whatsoever on spending by anyone. Heck, to them it's like monopoly money.
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Below, you will find ...
Most Recent Articles posted by "RustMB"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "RustMB"
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CBO: Obama Vastly Exaggerated
Deficit Cuts In Budget
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 5/17/2013 5:57:35 PM
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President Obama vastly exaggerated the spending cuts and deficit reduction his budget plan would produce, while dramatically undercounting the level of tax hikes, according to a Congressional Budget Office analysis of his budget released Friday. When Obama put out his budget in mid-April he said that it "will reduce our deficits by nearly another $2 trillion," and "does so in a balanced and responsible way, a way that most Americans prefer." But the CBO report finds that Obama´s budget will cut 10-year deficits by just $1.1 trillion, with annual deficits starting to rise again after 2017.
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IRS Lies About Tax Scandal
Continue To Mount
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/17/2013 7:25:21 AM
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Like everything else the IRS has said about the tax scandal, its explanation for why it ended up targeting conservative groups turns out to be completely false. Which raises the question: Why are IRS officials trying so desperately to hide what really went on? Ever since the tax scandal broke, top IRS officials have insisted that the reason it started singling out conservative groups for extra review was because the agency was getting a flood of tax-exempt applications. In an op-ed for USA Today, for example, Steven Miller
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The Texas Economic Lesson
Obama Refuses To Learn
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 5/10/2013 7:05:34 AM
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President Obama went to Texas on Thursday to kick off a nationwide tour pushing his economic policies, apparently unaware that Texas has thrived the past four years by doing pretty much the opposite of what Obama has prescribed. Since taking office, Obama has pushed more government as the way to get the economy moving. He dramatically boosted spending, imposed massive amounts of new regulations, ran enormous deficits, and has imposed more than $1 trillion in tax hikes.
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Proof That ObamaCare Will
Fuel Health Care Inflation
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/8/2013 9:06:46 AM
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Health Costs: Americans were promised that ObamaCare would make their health care more affordable. But a pair of studies show the new system has done nothing to lower health costs and will sharply raise them. Between 2009 and 2011, U.S. health spending rose just 3.9% a year, the lowest annual gains in decades. The Obama administration was quick to claim credit for the slowdown, with Health and Human Services Secretary Kathleen Sebelius saying ObamaCare had "contributed to the slowest sustained growth in health spending in 50 years."
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The ObamaCare Train
Wreck Is Already Here
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Investor´s Business Daily, by IBD Staff
Original Article
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Posted By: RustMB- 5/7/2013 9:27:46 AM
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Medical Overhaul: Democrats fret about a "train wreck" when ObamaCare goes into effect next year. But the law is already a disaster for workers who´ve seen their hours and benefits cut as employers try to avoid its costs. As IBD´s Jed Graham reported late last week, government data clearly show that businesses are already cutting worker hours and benefits in advance of ObamaCare´s employer mandate, under which every business with 50 or more full-time workers will have to provide government-approved insurance.
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ObamaCare Launch Failures
Won´t Be For Lack Of Money
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 4/30/2013 8:18:41 AM
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Health and Human Services Secretary Kathleen Sebelius has been complaining a lot about money lately. Specifically, about how she doesn´t have enough to implement ObamaCare. [snip] The implication is that this is mainly the GOP´s fault — they are starving ObamaCare for money when it needs it most. The press has started to pick up on this talking point. Ezra Klein, who writes extensively on health care for the Washington Post, said Republicans are purposefully trying to derail ObamaCare´s launch.
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Record 8.9 Million People
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Investor´s Business Daily, by John Merline
Original Article
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Posted By: RustMB- 4/26/2013 6:57:24 AM
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The nation´s disability rolls continued to climb sharply, as 76,983 workers enrolled in the Social Security Disability Insurance program in April, according to new data from the Social Security Administration. More than 300,000 have joined the program so far this year. The number of workers on permanent disability is now a record 8,865,586, a net increase of one million in just three years. Today, 6.5 workers are on disability for every 100 who have a job. That´s double the ratio from two decades ago.
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Officials on Benghazi:
"We made mistakes,
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CBS News, by Sharyl Attkisson
Original Article
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Posted By: Drive- 5/17/2013 3:02:24 PM
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Obama administration officials who were in key positions on Sept. 11, 2012, acknowledge that a range of mistakes were made the night of the attacks on the U.S. missions in Benghazi, and in messaging to Congress and the public in the aftermath. The officials spoke to CBS News in a series of interviews and communications under the condition of anonymity so that they could be more frank in their assessments. They do not all agree on the list of mistakes and it's important to note that they universally claim that any errors or missteps did not cost lives and reflect "incompetence rather than malice or cover up.
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Raindrops wash away
reeling O’s fake veneer
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New York Post, by Michael Goodwin
Original Article
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Posted By: StormCnter- 5/17/2013 5:28:00 AM
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Watching President Obama trying to dodge raindrops and responsibility yesterday reminded me of the moment when Dorothy pulls back the curtain and discovers that the Wizard of Oz is “just a man.” Stripped of his spell of mystery and power, the wizard is worse than mortal. He’s a fake. So it was with Obama in the Rose Garden. His performance was tired and trite, ordinary to the point of dull. His veneer of passion was so transparent that you could see him trying to summon his old-time magic by pushing the buttons
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Watergate 2.0 -- why the
IRS scandal is far worse
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Fox News, by Matt Kibbe
Original Article
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Posted By: StormCnter- 5/18/2013 5:59:17 AM
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In the wake of one of the worst abuses of government power in recent history, many are rushing to frame the Internal Revenue Service scandal as simply an attack on conservative activists. That view risks creating a partisan political football and misses a fundamentally scarier abuse that exceeds the scandals of Watergate or any other prior government abuse. The IRS has admitted that since May 2010 it targeted grassroots-conservative organizations that had applied for tax-exempt status, unfairly subjecting them to rigorous scrutiny due to their political leanings. Such groups were told they were required to comply with IRS requests,
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Lew asks Congress for debt increase,
says it’s ´not open to debate´
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The Hill, by Peter Schoeder
Original Article
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Posted By: DW626- 5/18/2013 6:12:33 PM
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Treasury Secretary Jack Lew on Friday urged congressional leaders to raise the debt limit and insisted that the White House is not going to negotiate over the increase because lawmakers have "no choice." "We will not negotiate over the debt limit," Lew wrote. "The creditworthiness of the United States is non-negotiable. The question of whether the country must pay obligations it has already incurred is not open to debate." Lew said that while President Obama is willing to discuss plans to reduce the nation´s deficit with Congress, those talks must be kept separate from any effort to raise the nation´s debt cap.
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Weiner’s Wife Didn’t Disclose Consulting
Work She Did While Serving in State Dept.
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New York Times, by Raymond Hernandez
Original Article
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Posted By: StormCnter- 5/17/2013 5:43:54 AM
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The State Department, under Secretary Hillary Rodham Clinton, created an arrangement for her longtime aide and confidante Huma Abedin to work for private clients as a consultant while serving as a top adviser in the department. Ms. Abedin did not disclose the arrangement — or how much income she earned — on her financial report. It requires officials to make public any significant sources of income. An adviser to Mrs. Clinton, Philippe Reines, said that Ms. Abedin was not obligated to do so. The disclosure of the agreement that Ms. Abedin made with the State Department comes as her husband,
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Higher-Ups Knew of IRS Case
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Wall Street Journal, by John D. McKinnon*
Original Article
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Posted By: Dreadnought- 5/17/2013 10:23:18 PM
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The Internal Revenue Service´s watchdog told top Treasury officials around June 2012 he was investigating allegations the tax agency had targeted conservative groups, for the first time indicating that Obama administration officials were aware of the explosive matter in the midst of the president´s re-election campaign. The disclosure to the Treasury general counsel and the deputy secretary was a cursory one, according to J. Russell George, the Treasury inspector general for tax administration. He said he didn´t reveal conclusions of the probe, which was in its early stages, and his disclosure came as part
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McCaskill Calls For Firing Of All
Involved In IRS Targeting Scandal
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KMOX [St, Louis], by Staff
Original Article
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Posted By: BuckeyeRon- 5/18/2013 2:46:31 PM
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Washington – Sen. Claire McCaskill, D-MO, issued a video statement Friday in response to reports that the Internal Revenue Service unfairly targeted conservative nonprofit groups. (Snip) “There’s a reason Lady Justice wears a blindfold in America. That is because in America, we don’t apply the law based on who you are, who you know, or what you believe. We apply the law equally.” “We should not only fire the head of the IRS, which has occurred, but we’ve got to go down the line and find every single person who had anything to do with this and make sure
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