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.
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.
The public overwhelmingly opposes any ObamaCare bailout of the insurance industry, the latest IBD/TIPP Poll found, even as the Obama administration is paving the way to do just that. The survey found that 65% oppose a federal bailout of insurance companies that find their profits hit because not enough young, healthy people sign up for ObamaCare plans. Opposition is widespread, the poll of 907 adults found, with 51% of Democrats, 71% of Republicans and 76% of independents against it. It´s opposed by every age and demographic group as well. Although few people knew about it until recently, the health law contains a three-year
Millennials: Having failed to convince the public that ObamaCare is a good thing, President Obama on Wednesday tried selling his snake oil to young people. Turns out they aren´t buying it, either — nor should they. Despite the administration spending a fortune promoting ObamaCare, enlisting celebrities to endorse it, and telling moms to get their kids to sign up, most young people disapprove of the law. A Harvard University Institute of Politics survey of 18- to 29-year-olds found that 57% oppose ObamaCare. More than half think it will increase their costs, and a plurality (40%) believe it will hurt the quality of
Politics: We keep hearing about how the Republican Party is full of radical Tea Party crazies. But our latest IBD/TIPP Poll shows that it´s Democrats who are out of touch with reality and well outside the mainstream. The public overwhelmingly believes the country is headed in the wrong direction, that current economic policies aren´t working, that President Obama is doing a bad job, that government should be smaller and that ObamaCare should be repealed. But not Democrats. On issue after issue, in fact, Democrats are the outliers by wide margins, according to an analysis of the December IBD/TIPP survey.
Maybe the 10th time will be the charm for President Obama and his health care law. "The bottom line is this law is working, and will work into the future," Obama said Tuesday in a speech kicking off a month-long PR blitz for his signature legislation. "We´re not going back." Obama went on to highlight benefits he regularly touts, such as free preventive care, prescription drug savings for seniors, and the like. And he attacked the GOP for pushing for repeal. This is the 10th time the president has made public remarks defending ObamaCare since its disastrous launch on Oct.
Nearly four in 10 seniors worry ObamaCare will cause them to lose doctors they like, despite President Obama´s repeated promise to the contrary, according to the latest IBD/TIPP Poll. That translates into nearly 16 million people age 65 and over. Their concerns appear to be justified. Many seniors are, in fact, already losing access to their doc tors, and more than half a million are losing access to plans they liked this year, as $200 billion in ObamaCare-mandated cuts to the popular Medicare Advantage program start to take effect. Earlier this month, seniors learned that UnitedHealth (UNH) is dropping thousands
Just 18% of the uninsured have bothered to go to one of the ObamaCare exchange websites, according to a recent Gallup survey. And only 22% say they plan to buy an ObamaCare plan next year. That same week, a Reuters poll found that 56% of the uninsured oppose ObamaCare. Just 44% view it favorably. In other words, the uninsured are, if anything, more opposed to the law than are the public at large. Given the mounting fury over millions of policy cancellations and the federal exchange website debacle, these findings garnered little public attention. But they should.
Recovery: The latest GDP report shows that President Obama´s policies continue to weigh down the economy. Now 51 months old, his recovery is by far the weakest since the Great Depression. At 2.8%, real growth in the third quarter was higher than expected, a rarity. But the latest government data also hinted at weakness, as consumer and business spending slowed. In short, the strong growth everyone predicted at the start of the year is a no-show, just as the previous predictions of prosperity just around the corner proved false. It also means that Obama´s recovery — now more than 4 years old — Byline corrected to site style.
Sleaze: President Obama has been selling ObamaCare with the zeal of a TV pitchman. But if his product is so great, why are his own people terrified about the reaction when people actually see what he´s peddling? The product is good," Obama said in a speech on Oct. 21. "It´s high quality and it´s affordable." In that same speech, he said ObamaCare insurance is "really good," and "a good deal." He said "the prices are good" and "have come down." In Boston on Oct. 30, he called it "a better deal from insurers," adding that "the deal is good. The prices are low."
Revolt: In 1989, angry seniors forced the repeal of a costly new Medicare benefit just a year after it passed. It´s time for the millions now being savaged by ObamaCare to rise up and do the same. When he was selling ObamaCare to the nation, President Obama said: "We will keep this promise to the American people. If you like your health care plan, you can keep your health care plan. Period. No one will take it away." Across the country, millions of Americans are now discovering this was an expensive lie. These are people who buy insurance on their own in the
As he was rushing in the tech world´s "best and brightest" to fix the badly bungled ObamaCare exchange website, President Obama tried to minimize its importance, claiming that it was a relatively minor problem. "The Affordable Care Act is not just a website," Obama said at a hastily arranged Rose Garden event Monday. "It´s much more." He said the law was providing good insurance and that "prices have come down." [snip] But even if the website problems are eventually fixed, much of the rest of the law isn´t living up to Obama´s promises, either.
Last week, CNN´s Wolf Blitzer made waves when he opined that the ongoing problems with ObamaCare might be reason to delay the program. "They had three years to get this ready," he said. "If they weren´t fully ready, they should accept the advice Republicans are giving them, delay it for a year, get it ready and make sure it works." Blitzer later said he was only referring to the ObamaCare exchange website. But as the rollout continues, there´s increasing evidence that an across-the-board delay would make sense — even to supporters of the law. Ongoing glitches, for example, could make
Health Reform: The White House says it will fix all the ObamaCare glitches and soon everything will be working fine. That´s about as believable as all the other ObamaCare promises. If anything, problems are getting worse. Six months ago, Health and Human Services Secretary Kathleen Sebelius told lawmakers that everything was on track for a successful ObamaCare launch on Oct. 1. Now, after a week of massive technology meltdowns that even the ObamaCare-backing USA Today called "an epic screw-up," Sebelius wants us to believe this is actually good news: Traffic to the site exceeded "even optimists´ expectations." And all that enthusiasm for
Last summer on his $100 million family tour of Africa, Barack Obama hoped for a priceless photo op with Nelson Mandela, the ailing freedom pioneer who went from prison cell to the presidency of South Africa. Mandela´s family suggested that wouldn’t happen. So, the Obamas did a photo op in Mandela´s former prison cell. Which Obama’s White House quickly tweeted upon word of the icon´s passing at 95. [Skip] But Obama was also caught staring at television coverage of Mandela’s passing, which became Obama’s Photo of the Day.
Hardly a week goes by without Hillary Clinton receiving another award. Last month she was named a “Global Champion” by the International Medical Corps, received the American Patriot Award at the National Defense University Foundation and the Hermandad Award from the Mexican American Leadership Initiative. [Snip] At this rate, if a bunch of elderly left-wing Swedes toss her the Nobel Peace Prize early on, the way they did to Obama, it will barely rate mention among all the other glittering trophies that have been bestowed on a woman whose only actual accomplishment was being married to a crooked governor with
Speaker John Boehner said his party should support gay Republican congressional candidates and urged his colleagues to “be a little more sensitive” when running against women. “Some of our members just aren’t as sensitive as they ought to be,” Boehner said. When asked if he thinks his party should support gay candidates, Boehner simply said: “I do.”
Denver - A baker who refused to make a wedding cake for a same-sex ceremony must serve gay couples despite his religious beliefs or face fines, a judge said Friday. The order from administrative law judge Robert N. Spencer said Masterpiece Cakeshop in suburban Denver discriminated against a couple "because of their sexual orientation by refusing to sell them a wedding cake for their same-sex marriage." The order says the cake-maker must "cease and desist from discriminating" against gay couples. Although the judge did not impose fines in this case, the business will face penalties if it continues to turn away gay
In February, the Bush family’s personal emails were hacked by Guccifer, a hacker who uncovered photographs of former President George H. W. Bush in a hospital bed and George W. Bush’s oil paintings in the process. It seems Guccifer has struck again, this time targeting former President Bill Clinton and the Clinton Library. The hacker has reportedly uncovered doodles of Clinton drawing on what were, at the time, classified documents. Among the doodles is apparently a picture of a penis. The document uncovered is a briefing of the strategic measures the United States could take prior Clinton’s decision to intervene in
Amid an array of “knock-out” attacks against a number of Jews in Brooklyn’s Crown Heights neighborhood, a city councilwoman pointed to the success of the Jewish community as triggering the aggression. Councilwoman-elect Laurie Cumbo emphasized that while she “admire[s] the Jewish community immensely” for its work ethic, black teens may see it differently. “While I personally regard this level of tenacity, I also recognize that for others, the accomplishments of the Jewish community triggers feelings of resentment, and a sense that Jewish success is not also their success,” Cumbo, who was recently elected, wrote in a letter. Chief among the issues
On Tuesday, The Boston Globe reported that Onyango “Omar” Obama, uncle to President Obama, says that his famous nephew stayed with him while a student at Harvard Law School in the 80s, in contradiction to The White House’s contention that the two had never met. At Thursday’s White House daily briefing, Press Secretary Jay Carney confirmed that the President had, in fact, briefly stayed with “his father’s half-brother,” as Carney described Omar Obama, and that no one had actually asked the President about it when the White House initially commented. The 69 year-old Omar Obama has been facing deportation back
Former President Bill Clinton shared an anecdote regarding Nelson Mandela and the aftermath of his impeachment Friday on CNN. Clinton revealed shortly after the “impeachment business” finished on Capitol Hill, Rep. Henry Hyde (R., Ill.) who managed the impeachment trial requested a meeting at the White House. The former president granted the meeting out of lessons of humility and forgiveness he learned from Mandela, he said: BILL CLINTON: I remember one day, oh, about a month after the whole impeachment business was over, Henry Hyde, who had run the whole show, unbelievably enough, maybe a few months after, it was
The world premiere of the “Ballad for Trayvon Martin for Orchestra and Jazz Quartet” is set for tonight. Princeton University’s director of its jazz-studies program composed the work in honor of the Florida teen. Anthony D. J. Branker told the Star-Ledger that the piece is intended to “be a form of healing” after Martin’s death and the controversial court case that followed it. The ballad, which will be performed by the university’s official orchestra and jazz ensemble, is intended to be a tribute to victims of racial violence, Branker explained. He hopes that the performance will be “one that speaks to
WASHINGTON – A fourth straight month of solid hiring cut the U.S. unemployment rate to a five-year low of 7 percent in November, an encouraging sign for the economy. The Labor Department says employers added 203,000 jobs, nearly matching October´s revised gain of 200,000. The job gains helped lower the unemployment rate from 7.3 percent in October. The strengthening job market is likely to fuel speculation that the Federal Reserve may start to scale back its bond purchases when it meets later this month. The economy has now generated an average of 204,000 jobs from August through November. That´s up
WASHINGTON — President Barack Obama has high praise for potential 2016 contenders Vice President Joe Biden and former Secretary of State Hillary Clinton. “I think Joe Biden will go down in history as one of the best vice presidents ever, and he has been with me, at my side, in every tough decision that I’ve made,” Obama told MSNBC in an interview Thursday held at American University. “Hillary, I think, will go down in history as one of the finest secretaries of state we’ve ever had, and helped to transition us away from a deep hole that we were in,
WASHINGTON — Without Nelson Mandela, there might never have been a President Obama. That is the strong impression conveyed from Mr. Obama, whose political and personal bonds to Mr. Mandela, the former South African president, transcended their single face-to-face meeting, which took place at a hotel here in 2005. It was the fight for racial justice in South Africa by Mr. Mandela that first inspired a young Barack Obama to public service, the American president recalled on Thursday evening after hearing that Mr. Mandela, the 95-year-old world icon, had died. Mr. Obama delivered his first public speech, in 1979, at