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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Pogeu Mahone who wrote (122108)4/17/2010 2:25:01 PM
From: longnshort  Respond to of 132070
 
online.wsj.com

Obama's $3,000,000,000,000 Tax Hike
The president's budget would borrow 42 cents for each dollar spent in 2010.


snippet : By BRIAN M. RIEDL

From the Heritage Foundation

When he released his new budget proposal on February 1, President Barack Obama asserted that the government "simply cannot continue to spend as if deficits don't have consequences; as if waste doesn't matter; as if the hard-earned tax dollars of the American people can be treated like Monopoly money; as if we can ignore this challenge for another generation."[1]

Yet the President's new budget does exactly that-- raising taxes by $3 trillion and federal spending by $1.6 trillion over the next ten years. If enacted, this budget would increase the 2010 deficit to more than $1.5 trillion, and leave a deficit of more than $1 trillion even after an assumed return to peace and prosperity. Overall, the President's budget would double the national debt over the next decade.[2]

President Obama's Budget

•Would permanently expand the federal government by 3 percent of gross domestic product (GDP) over 2007 pre-recession levels;

•Would raise taxes on all Americans by nearly $3 trillion over the next decade;

•Would raise taxes for 3.2 million small businesses and upper-income taxpayers by an average of $300,000 over the next decade;

•Would borrow 42 cents for each dollar spent in 2010;

•Would run a $1.6 trillion deficit in 2010--$143 billion higher than the recession-driven 2009 deficit;

•Would leave permanent deficits that top $1 trillion as late as 2020;

•Would dump an additional $74,000 per household of debt into the laps of our children and grandchildren; and

•Would double the publicly held national debt to over $18 trillion.

Source: Heritage Foundation calculations based on U.S. Office of Management and Budget, Budget of the United States Government, Fiscal Year 2011 (Washington, D.C.: U.S. Government Printing Office, 2010), pp. 146-179, Tables S-1 through S-14. Also includes the cost of House-passed cap-and-trade bill, which President Obama endorsed yet excluded from his budget tables.

more : cbsnews.com

March 16, 2010 5:13 PM
National Debt Up $2 Trillion on Obama's Watch
Posted by Mark Knoller

The latest posting from the Treasury Department shows the National Debt has increased over $2 trillion since President Obama took office.

The debt now stands at $12.6 trillion. On the day Mr. Obama took office it was $10.6 trillion.

President George W. Bush still holds the record for the most debt run up on his watch: $4.9 trillion. But it took him over four years to rack up the first two trillion dollars in debt. It has taken Mr. Obama 421 days.

pajamasmedia.com

April 16th, 2010 11:55 am
How Could We Be So Stupid? Let Us Count the Ways

We are going to pile up another $3 trillion in national debt in just the first two years of the Obama administration. If the annual deficit should sink below $1.5 trillion, it will be called fiscal sobriety.

Why, when we owe $12 trillion, would the Obama administration set out budgets that will ensure our collective debt climbs to $20 trillion? Why are we borrowing more money, when Medicare, Social Security, the Postal Service, Amtrak, etc. are all insolvent as it is?

What is the logic behind something so clearly unhinged?

I present seven alternative reasons — some overlapping — why the present government is hell-bent on doubling the national debt in eight years. Either one, or all, or some, or none, of the below explain Obama’s peculiar frenzied spending.

Here for the rest : pajamasmedia.com

money.cnn.com

Broke! Fixing America's fiscal crisis
CBO: $10 trillion jump in debt under Obama budget

By Jeanne Sahadi, senior writerMarch 5, 2010: 6:13 PM ET

NEW YORK (CNNMoney.com) -- If President Obama's 2011 budget were put into effect as proposed, the U.S. federal government would add an estimated $9.8 trillion to the country's accrued debt over the next decade, according to a preliminary analysis from the Congressional Budget Office.

Of that amount, an estimated $5.6 trillion will be in interest alone.



To: Pogeu Mahone who wrote (122108)4/17/2010 3:00:52 PM
From: longnshort  Respond to of 132070
 
listen to the lying scum bag now.

‘Cynical and Deceptive’: Obama Blasts GOP Leader Sen. McConnell

breitbart.tv



To: Pogeu Mahone who wrote (122108)4/17/2010 4:36:13 PM
From: longnshort  Respond to of 132070
 
No Joy in Mudville As MSM’s Coverage of Tea Party Strikes Out
Posted by Larry O'Connor Apr 17th 2010 at 11:42 am in 3BConnor While the media did their best to expose the rampant stupidity and racism lurking in the ranks fo the tea party protestors at tax day rallies last week, a couple of obstacles usually referred to as facts stood in their way.

It felt like “Casey at the Bat” as the behemoth slugger known as “MSM” strode confidently to the plate ready to knock one out of the park.

Strike 1:

The much celebrated and selectively quoted poll from CBS and the NY Times on the Tea Party revealed that people identified as members of the movement were actually smarter than average Americans.

So much for those “dumb conservative” narratives they had ready to roll.

Strike 2:

Next we had the spectacle of the Huffington Post showing pictures of the most ridiculous and offensive protestors and signs at the rall. As Panzramic points out they featured a leftist infiltrator who purposely went to the rally to make geniuine protestors look bad:

The Huffington Post has a post where they mock the “Most Outrageous Depictions From Tax Day Protests” . They feature this picture in an attempt to paint the Tea Partiers as extreme:



Unfortunately for them, they didn’t read this Politico article, which outs the “monk” as an infiltrator, not a tea partier.

Strike 3:

This exchange on NBC with reporter Kelly O’Donnell and Darryl Postell, an African-American protestor:

O’DONNELL: There aren’t a lot of African-American men at these events.

POSTELL: (laughing) Right.

O’DONNELL: Have you ever felt uncomfortable?

POSTELL: No, no, these are my people, Americans.

Oh, somewhere in this favored land the sun is shining bright;
The band is playing somewhere, and somewhere hearts are light,
And somewhere men are laughing, and somewhere children shout; But there is no joy in Mudville – mighty Casey has struck out.

bigjournalism.com



To: Pogeu Mahone who wrote (122108)4/17/2010 6:19:21 PM
From: longnshort  Read Replies (1) | Respond to of 132070
 
Limbaugh: ‘Clinton Just Gave the Kooks Out There an Excuse to Be Violent’

“If there is a future incident such as Oklahoma City, the blame is squarely on the shoulders of Bill Clinton and Barack Obama..."

breitbart.tv



To: Pogeu Mahone who wrote (122108)4/19/2010 9:44:37 AM
From: Knighty Tin  Read Replies (1) | Respond to of 132070
 
The DOD once wanted to send me to Iran and they made up a diplomatic passport for me. I asked, "Isn't the Shah in some kind of trouble?" I was told not to worry, nobody messes with a U.S. diplomatic passport. Well, I got volunteered into a job in Belgium instead. One of my buddies went (not for my job, as he got his earlier) with a wife and young daughter. They did o.k. for 4 years and came back to America with moolah and promotions in hand. A couple of years later the Ayatollah returned and a diplomatic passport was worthless.

But they are usually great.