Posts tagged as:

Wasteful Spending

Analyst Says U.S. In Worse Financial Shape than Greece

June 13, 2011

$100 Trillion.  That’s the amount that Pimco analyst Bill Gross said today that the U.S. is on the hook for.  This includes the debt, interest on the debt, as well as all current Medicare and Social Security obligations.  It is hardly surprising.  Since the advent of the New Deal and the change towards government as [...]

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GOP Votes to Defund Obama’s Czars

February 18, 2011

Obama has been prolific in appointing non-cabinet overseers to run various portions of the executive branch, known as Czars.  The Czars have always been a point of contention due to the fact that, unlike Cabinet members, they are not required to appear before the Senate for oversight.  Even the late former Senator Robert Byrd (D-WV) [...]

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Can You Stabilize the Debt?

May 24, 2010

Via @MediaLizzy I came across this timesuck in which one can try to reduce the federal debt to 60% of GDP by 2018.  It is an interesting exercise, although I do reject some of the premises that the site makes.  First, it takes a static analysis on tax cuts, assuming that extending the Bush tax [...]

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Sen. Coburn Plays Hardball in the Senate

March 25, 2010

A month ago, Sen. Jim Bunning (R-KY) denied unanimous consent to the Democrats to pass an automatic extension to unemployment benefits without finding a way to pay for it, or without  roll call vote.  Bunning is an unpopular Senator, so he was somewhat ridiculed.  Today, another extension to the same provision was brought to the [...]

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More Wasteful Census Spending

March 9, 2010

I’m too stunned even to write a proper introduction to this: Dear Resident, About one week from now, you will receive a 2010 Census form in the mail.  When you receive your form, please fill it out and mail it in promptly. Your response is important.  Results from the 2010 Census will be used to [...]

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They Spent $2.5 Million for THIS?

February 8, 2010

Our government is filled with incompetent people who have no regard for the taxpayer’s money and will waste it on ineffective, inconsequential drivel that accomplishes nothing.  If you don’t believe me, take a look at this ad for the U.S. Census that cost the taxpayers $2.5 million dollars, that aired during last night’s Super Bowl. [...]

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Charlie Crist Tries to Compare Himself to Reagan

February 4, 2010

Gov. Charlie Crist (RINO-FL), who is vying for the GOP nomination for the U.S. Senate against conservative Marco Rubio (R-FL), tried to compare himself to Ronald Reagan, saying: “If I’m a RINO, then so is Ronald Reagan. I’m [a] less taxing, less spending, less government, more freedom kind of guy and I just take a [...]

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The $2.5 Million Government Superbowl Ad

February 3, 2010

Now, I know it’s a drop in the bucket of Obama’s $3.9 trillion budget, but if the Government is in the process of tightening the purse strings and cutting waste, why does the Census Bureau need to spend $2.5 million on a Superbowl ad to tell people to fill out their census forms?  That $2.5 [...]

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Congress to America: We Need a Babysitter!

January 25, 2010

So the Democrats are worried now that the debt is exploding and that the anger of the American people will oust them from office unless they get spending under control appear as if they are doing something to try to get spending under control.  So, because Congress doesn’t like to make hard decisions about what [...]

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The Other Shoe

December 15, 2009

Consider this: $700 billion for TARP $800 billion for the Obama Stimulus Porkulus $170 billion for Bush’s 2008 stimulus $5.5 trillion in outlays by the Federal Reserve to shore up the banking industry $3.1 trillion 2009 Federal Budget $3.55 trillion 2010 Federal Budget That brings the total spending of the Federal Government for 2008 to [...]

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Obama Is Insanity Defined

December 9, 2009

A classic definition of insanity is repeating the same action over and over again, expecting different results.  Obama is insanity defined.  His much-touted stimulus (a.k.a. Porkulus) package purported to spend money on roads and bridges, give some tax breaks to small businesses (although they were tax breaks designed to produce a liberal policy objective, not [...]

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Is This Obama’s “Read My Lips” Moment?

August 2, 2009

“Read My Lips.  NO NEW TAXES.”  This was one of George H.W. Bush’s most infamous campaign slogans during the 1988 Presidentail campaign.  It was a memorable pledge, it received lots of airtime, and it came back to bite him in a big way, possibly costing him reelection in 1992. Now, Obama is on the verge [...]

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Cash for Clunkers: Why Government Should Not Meddle In The Economy

July 31, 2009

The Cash for Clunkers Program, a stimulus program designed to help Detroit, gave people up to $4,500 in cash for old cars if they exchanged them for so-called “green” cars.  The program was supposed to go from last week through the end of October, but was shut down last night because of the law of [...]

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The Cost of the Crisis: $23 Trillion

July 21, 2009

The events of the last year have produced a flurry of legislation so complex, and debated and passed so quickly, that most of the citizenry (not to mention the members of congress) have no idea what the government has passed and how much we are spending.  Enter Neil Barofsky.  Barofsky is an economist who also [...]

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Porkulus Bill: $595,600 per Pound

July 19, 2009

We now know what the unit price is for government pork.  Recovery.gov, which is the site that supposedly was built to make the expenditures of the Porkulus bill transparent, has posted an entry for a contract worth $1,191,200.  What was the contract for?  According to the site, that sum was awarded to Clougherty Packaging, LLC [...]

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Second Stimulus In The Works

July 8, 2009

Laura Tyson, an adviser to President Barack Obama, is now advocating a second stimulus…er, Porkulus package as a solution to the economic mess that we currently find ourselves in.  House Majority Leader Steney Hoyer is open to the idea of a second stimulus, while Senate Majority Leader Reid is skeptical. This falls under the definition [...]

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RI Teaparty Storms Capital

June 11, 2009

Rhode Island (my native state) held a Tea Party protest yesterday to specifically protest increased taxes and the lack of substantial spending cuts in this year’s fiscal budget.  The protest drew over 1,000 people, with about 500 or so admitted into the capital building to protest in front of legislators offices.  The protest received a [...]

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Credit Card Bill of Rights? We Need a Taxpayer’s Bill of Rights!

May 14, 2009

You shouldn’t need a magnifying glass or a law degree to read the fine print that sometimes doesn’t even appear to be written in English.  –Barack Obama Those words were spoken by The One this morning at a town hall meeting, speaking of the so-called “Credit Card Bill of Rights.”  It is a favorite tactic [...]

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Stimulus II Right Around the Corner

March 11, 2009

In spite of the stimulus package that would cure all economic woes and “create or save 3.5 million jobs”, the Democrats are starting to feel nervous about the economy.  Their answer?  More government spending!  Democrats are gearing up for a second stimulus package (hereafter referred to as “Porkulus II”) because they are starting to realize [...]

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A Potential Victory for Fiscal Discipline

March 5, 2009

It seems there is a possibility that the $400+ billion Omnibus Spending Bill may go down in flames, giving Barack Obama his first political defeat.  The bill requires 60 votes for cloture, and at present it seems that the Democrats will need at least five Republican votes in order to keep the bill alive.  The [...]

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American Bankruptcy

February 27, 2009

Sen. Judd Gregg, interviewed on Hannity last night, stated that the United States was headed for bankruptcy: While it may seem alarmist, the deficit has reached record levels this year in dramatic fashion.  There may come a point where other nations of the world do not want to borrow any more U.S. money, and with [...]

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Taxing the Rich Won’t Cover Our Spending

February 26, 2009

Obama famously said throughout the campaign and again on Tuesday night that no one who makes less than $250,000 will get a tax increase.  At the same time he claims that the budget deficit will be cut in half by the end of his first term. The numbers, however, don’t add up.  Leaving aside the [...]

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Republicans Change Tactics As Democrats Spend, Spend, Spend

February 26, 2009

The Republican Party was moderately successful in pushing opposition to the stimulus package.  Although a losing battle, the Republicans were able to make some headway in the war against the new liberal onslaught by laying down the gambit, providing near-unanimous opposition to a $775 billion plus Porkulus package, and do some damage to Obama’s election-day [...]

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Tea Party USA and the Internet

February 25, 2009

Since the idea of a new “Tea Party” to protest the redistributionist economic policies of the Obama Administration was proposed by Rick Santelli on CNBC, the movement for a Tea Party USA has spread across the country.  More and more protests continue to pop up, including in Chicago, California, Florida, Colorado, Pennsylvania, Texas, Wyoming, and [...]

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A Return to Federalism?

February 19, 2009

There are many constants in life, politics, and history.  Two of those constants are the law of unintended consequences and the fact that radical shifts in political direction often produce backlashes.  This leads to the possibility that the Federal Government’s overreaching in the Stimulus package and other liberal legislation could lead to a return to [...]

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Where’s the Stimulus Conference Report?

February 12, 2009

One of the Obama administration’s promises during the campaign was increased transparency into the legislative and executive processes.  I would imagine that increased transparency would extend especially to those who are supposed to vote on a measure.  Apparently, the vote on the Stimulus was supposed to occur today but was postponed until tomorrow in the [...]

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Here a Trillion, There a Trillion

February 10, 2009

$9.7 trillion.  That is currently how much spending has been committed by the Federal government to fix this crisis in the last year.  Of that: $800 Billion is from the now-certain stimulus $700 Billion for the TARP Program $170 Billion from the Bush stimulus last year $5.4 Trillion spent or committed in bailout buyouts by [...]

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Obama Looking for Republican Cover

January 27, 2009

Barack Obama is looking for Republican Cover regarding his stimulus package, by meeting with Republicans today on Capital Hill.  He is hoping to convince them to support his $850+ billion stimulus package, thinking that he would placate them by removing the contraception-funding provisions.  What he forgets is that the contraceptive funding is only one example [...]

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Update: Obama Looking to Squash Contraception from Stimulus

January 27, 2009

Barack Obama is apparently looking to squash the contraception provision from the Economic Stimulus Package, in a move designed to try to get Republican support for the bill.  This comes after a bonehead move by Nancy Pelosi where she tried to argue that contraception funding was indeed an economic stimulus. The leftwing nutroots are apparently [...]

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Republican Stimulus

January 23, 2009

Senate and House Republicans unveiled their own stimulus plan today.  The GOP Plan has a completely different focus than the spend-fest crafted by The One.  The bill as designed by house Republicans would include: Cutting the two lowest marginal tax rates, moving the 10% bracket to 5%, and moving the 15% bracket to 10%.  Because [...]

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