Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Ann Corrigan who wrote (78695)	2/2/2010 3:06:58 PM
From: TimF	1 Recommendation Respond to of 224741

Obama's "Jobs" Plan At the State of the Union, Obama said the federal government “should tighten its belt,” but today’s Wall Street Journal points out how unlikely that is, given that the number of federal employees has surged: "Civilian full-time equivalent employees," as they're known in budgetese, held relatively constant before Mr. Obama came to Washington, but they surged to 1.978 million in 2009 from 1.875 million in 2008. In fiscal 2010, the Administration expects to add another 170,000 workers—a 14.5% leap in two years. After eight years of war, it’s natural to assume the growing federal job count is a result of the military. But the real boom is in the federal agencies: … [Up to] 1.428 million in 2010, from 1.204 million in 2008 and 1.09 million in 2001 … [T]he Agriculture Department will jump to 101,000 in 2010 from 94,000 in 2008, Justice will surge to 119,000 from 106,000, and Treasury to 114,000 from 107,000. We could go on. Mr. Obama blames the government's all-time high deficits and other budget predicaments on his predecessor, but no one forced him to hire all these new public employees. Wait, didn’t he need to hire more people to deal with the food crisis?! No, I guess there wasn’t one. He needs all these new employees to hand out stimulus money, police private businesses, and take care of all the new federal programs. Once federal workers are hired, it’s almost impossible to get rid of them. Worse, with promises of more Big Government on the way, these numbers will continue to grow. No wonder more college graduates are saying they want to head to Washington, and that the Beltway metropolis has been spared the brunt of the recession. That's where all the new jobs are. stossel.blogs.foxbusiness.com

To: Ann Corrigan who wrote (78695)	2/3/2010 7:52:44 AM
From: lorne	Read Replies (2) \| Respond to of 224741

Deficits could threaten national security: Biden Reuters Tuesday, February 2, 2010 washingtonpost.com WASHINGTON (Reuters) - If the United States fails to tackle its record budget deficits, they could become a threat to national security over time, Vice President Joe Biden warned on Tuesday. Biden said the high budget deficit had not become a national security issue yet. "If we don't do something about it, they could and may become a national security issue," he said in an interview on cable news network MSNBC. Biden was speaking a day after President Barack Obama proposed a budget that projected a deficit of $1.56 trillion for fiscal 2010 but then saw the funding gap shrinking.