Tag Archives: budget

Moody’s Downgrades Pennsylvania

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With Harrisburg already bankrupt and Scranton on the verge, Moody’s has decided to downgrade the state’s credit rating from Aa1 to Aa2.

Citing unfunded pension liabilities, high debt and slow to moderate growth the rating agency also changed it’s outlook for Pennsylvania from negative to stable.

On the upside, Moody’s says that the Government has improved with “two consecutive timely budgets, significantly reduced reliance on non-recurring resources, and a demonstrated willingness to balance revenue shortfalls early in the fiscal year”

Of the state’s economic outlook they cite “Diverse, broad, and relatively stable economy, with wealth levels slightly above the national average, buttressed by its large health and higher education sectors.”

As for what could lead to further degradation of the state’s credit rating Moody’s says “Further economic deterioration that leads to worse-than-expected revenue performance. Higher-than-budgeted depletion of reserves in the near term or an inability to restore budget stabilization fund over the medium term. Further liquidity decline that results in increased external cash flow borrowing, deferred payments, or other cash management tools, and growth in long-term liabilities, increase in fixed cost pressures, or additional deferral of pension costs.”

American Energy Means American Recovery

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There is widespread consensus that America needs to become energy independent. America’s ever growing dependence on foreign energy putsher at ever-greater risk in a world that is increasingly unstable. Given the current political upheavals in the Middle East, this reality is slapping America in the face with increasing costs at the pump, which are contributing to the cost of goods and services to consumers.

“progressives” feel a compulsive obsessive need to force Americans into accepting their “green energy” fantasy. Three plus years of actions taken by the current administration and fellow “progressives” show a willingness to achieve this end at all costs, come what may. Stiffer standards on auto emissions and mileage, crushing EPA regulations on energy providers, opposing development of domestic energy resources, copious deficit spending on inefficient and noncompetitive solar, wind, tide and bio-fuel technologies litter the landscape of the White House’s failed energy policy.

While such “progressive” measures theoretically “promote” development of “green” energies, they dictate a highly impatient, frantic pace that is crippling the American economy at a time of tremendous fragility. They force the issue at the worst possible time.  During a stubborn, recovery resistant recession that is quite possibly teetering on the brink of a full-blown depression.

America’s public and industrial infrastructures are based on the use of petroleum, natural gas and coal, as well as limited nuclear power. Nearly every vehicle that is driven on American roads burns gasoline or diesel fuel. Public transportation relies on fossil fuels as well. Natural gas, heating oil and coal are used in furnaces to heat homes and places of business. Coal and nuclear power generate electricity, which powers countless devices; the uses of which are taken for granted every day. Coal, natural gas and petroleum products power American’s industrial complex, the base of the economic engine. America’s economy depends heavily on existing energy. The methods of providing and consuming energy are deeply ingrained into American business, industry, home life and recreation.

Expecting to change the methods of powering a society of over 300 million people overnight is impractical. It will take time to finish such a task. More time than most of the general public realizes. While whatever conversions that make sense are taking place, what energy is going power manufacturing, delivering and installing windmills, solar panels, turbines, generators and the power grid needed to provide “green” energy to the public? Will it be the “green” energy that is still under development? No. The energy that’s going to be used will be traditional fuels.

Why does America continue to spend hundreds of billions of dollars on foreign energy while there is undeveloped energy in its own country? Why doesn’t America keep those billions of dollars at home, in its own cash starved economy?

At a time when millions of Americans are looking for work and its economy is starving for liquid capital, why doesn’t America take advantage of its own wealth of natural resources? Why aren’t Americans drilling for oil and natural gas or digging for coal? Why aren’t people working building refineries and power plants? Why aren’t people delivering gas, coal and natural gas to consumers? How many peripheral jobs will be created in the process? For every new oil well, power plant, refinery or mine there will be new roads built, followed by restaurants, stores and housing. All generated by the only force capable of powering America’s economic recovery: the private sector.

In the interest of national security and job creation, America should put Americans back to work delivering American energy to Americans. This is the best way to become energy independent. Forcing “green energy” on America overnight will only lead to economic destruction.

http://mjfellright.wordpress.com/2012/07/13/american-energy-means-american-recovery/

obamacare: Tip of the Iceberg

Since the ruling by the United States Supreme Court on Thursday, June 28, 2012, the big news in America has been how the obama administration, then Speaker of the House Nancy Pelosi and Senate Majority Leader Harry Reid misrepresented the legislation to Congress, the Senate and the public.

It was consistently presented as a cost saving measure that would reduce the size of U.S. national deficits, thus helping pay down the debt, while improving the quality and lowering the costs of healthcare. Insurance premiums would be reduced.  It would provide coverage for uninsured millions.  If you liked the doctor and healthcare plan you had, you would be able to keep them.

Regrettably for American Citizens, with the exception of covering additional people, none of the rest was ever true.  It will add to the deficit and to the debt.  The quality and availability of healthcare will go down.  Existing doctors will retire and fewer prospective doctors will enter medical practice since the rewards will be outstripped by the costs of a medical education.  Insurance premiums have been will continue to rise, leading employers to drop coverage for employees, thereby adding to the likelihood that both your doctor and your plan will change.

It was never explained how a system cited as being too expensive was going to fund a new federal bureaucracy, start covering more people with the same number of facilities and personnel at a lower cost, while saving the nation trillions of dollars.

Now, we  know – Obama, Pelosi, Reid and company all lied. 

Especially President Obama, who repeatedly pledged to Americans making less than $250,000 that their taxes would never go up.  Not their income tax, not their payroll tax, not their capital gains tax.  None of those taxes would go up, not by one single dime, ever.

The truth is revealed: obamacare: Seven New Taxes on Citizens Earning Less than $250,000

It doesn’t stop there.  Attacks have been made on religious liberties. See healthcare mandate on contraception in religious affiliated institutions:

There have been assaults on freedom of the press. See White House and Media Matters coordinate attacks on FOX News:

Egregious though these examples may be, in the big picture they are only the tip of the iceberg.

•He has violated the individual liberties of all Americans by imposing forced participation in a government healthcare regulatory system without their consent.

•He has collaborated with his Attorney General to ignore equal protection under the law in favor of selective protections based upon arbitrary factors.

•He has violated American bankruptcy laws by willfully denying secured bond holders first payment, in favor of unsecured political supporters.

•He has violated the Constitution by accepting the position of Chairmanship of the UN Security Council.

•He has ignored the Constitutional separation of power by appointing “czars” to oversee matters that are intended to be handled by the legislative branch of the government.

•He has violated the First Amendment right to freedom of the press, by attacking television and radio networks, stations and broadcasters while attempting censorship.

•He has violated the individual’s right to free speech through creation of an email address to report Citizens in a blatant attempt to silence dissent through intimidation.

•He has violated the Law by ignoring the War Powers Act and engaging the United States military in overseas hostilities without the consent of Congress.

•He has violated the First Amendment by attempting to impose restrictions on free speech through implementation of Net Neutrality by the FCC.

•He has endeavored to interfere in the free market through the imposition of The Clean Energy and Security Act, which mandates carbon emissions be reduced to 17 percent below 2005 levels by 2020, 42 percent by 2030, and 84 percent by 2050. By 2020, this tax will extract an estimated $160 billion from the economy, or an average $1,870 per family.

•He has violated the Constitution by having the government offer $4,500 rebates to people for turning in older motor vehicles for newer vehicles

•He has interfered in America’s free market by having the National Labor Relations Board sue a privately owned company for planning to open for business in a State that protects an employee’s ability to work free of forced union membership.

•He has interfered in the free market by imposing restrictions and regulations on petroleum, natural gas and coal production in the United States.

•He has abandoned enforcing the security of American borders and protected illegal immigrants from prosecution for violation of immigration laws:

•He has abandoned and insulted our most enduring and faithful allies through speech and action, the most glaring among these being placing the State of Israel on the list of nations that foster terrorism.

•He has sought to impose additional taxes on America without the people’s Consent.

•For depriving American Citizens in some cases, of the benefits of Trial by Jury.

•For transferring billions of dollars to enemies of the United States through Foreign Aid.

•For ignoring the Constitutional separation of powers by publicly attacking the Supreme Court of the United States.

•For attacking America’s bedrock family values by ordering the Department of Justice to not defend the constitutionality of the Defense of Marriage Act.

•For repeated attacks upon America’s Christian foundation.

•For repeatedly slandering American Citizens with false accusations of racism, violent tendencies and hatred.

•For grossly accelerating and increasing the amount of America’s debt through passage of the American Reinvestment and Recovery Act, which had negligible effect on unemployment, sent billions of dollars overseas and wasted billions domestically by lining the pockets of political cronies while bailing out States guilty of practicing irresponsible budgetary policies.

•For putting America and America’s allies at greater risk through cancellation of missile defense systems.

•For expanding the need for enormous increases in government borrowing,

•For collaborating with his Attorney General to try enemy combatants in civilian Courts.

•For collaborating with his Attorney General and the Bureau of Alcohol, Tobacco and Firearms in the implementation of operation Fast and Furious, which has been implicated in the murder of American Border Patrol Agent Brian Terry.

•For devaluing America’s currency by engaging in the practice of Quantitative Easing, allowing the Federal Reserve to purchase trillions of dollars of our national debt.

The list could continue.

A president, whose character is thus marked by acts which may define a Tyrant, is unfit to govern a free people.

Remember.

http://mjfellright.wordpress.com/2012/06/29/obamacare-tip-of-the-iceberg/

“progressive” Media Spin Continues Unabated

Consistent with a clear pattern of widespread institutionalized “progressive” left media bias, Yahoo News once again uses headlines to promote their version of the news.  They report that whoever wins the presidency in November will have negligible impact on the economy.

The “news headline” reads:

Poll: Election winner won’t impact economy much

The story reports on results of a new Associated Press-GfK poll, which shows that half of America says it will not matter which presidential candidate, either barack obama or Mitt Romney wins the White House.  The chances of the winner having much of an impact on jobs creation are seen as slim to none.

Anecdotal testimony is then provided…from a retired policeman, a pre-school teacher and a mechanical engineer who backs obama.

Are not police officers and teachers members of unions, which are strong Democratic supporters?  Were not the police and teacher unions heavily invested, involved and outspoken in favor of Democrats during the recent, hotly contested, highly partisan Governor’s recall election in Wisconsin?  What reason is there then to conclude that this poll sampling and accompanying anecdotal evidence are not tainted by a pre-selected demographic and therefore nothing more than “progressive” spin, intended to create a false impression from which readers are subliminally “nudged” towards reaching a predetermined conclusion?

The telling part of the story that indicates the real problem is largely overshadowed by the way it is lumped in with tainted, biased anecdotal “evidence”:

“Years of disappointing economic news following the 2007-2009 recession have deflated American optimism. And worries about financial troubles in Europe and congressional gridlock at home hang over the future.”

Years of disappointing economic news following the recession are the result of failed policies enacted by an extremely partisan “progressive” Democratic House, Senate and Chief Executive who were dedicated to enacting their radical fringe leftist agenda intended to spur rapid government sector growth while taking over and imposing regulatory controls upon huge portions of the private sector economy.

Financial troubles in Europe can be attributed to decades spent following the same big government tax and spend policies American “progressives” are misrepresenting to the United States as the “solution” to problems caused by big government tax and spend policies.  Crushing the private sector with regulations and taxes, while spending the tax revenues on “entitlement” programs or benefits and salaries for government employees has yet to usher in true European prosperity.  Today’s evidence is quite to the contrary.

Congressional gridlock at home is a consequence of American voters deciding in the 2010 midterm election that having unchecked out of control “progressives” running Washington DC was counter to the nation’s best interests.

A Republican President, working with Republican majorities in the House and the Senate will not be experiencing the gridlock caused by obama’s disastrous, ideologically driven, highly partisan, continuously inflexible “it’s my way or the highway” governing style.

There is pent up anticipation that after years of anti-business, anti-energy, anti-growth, “progressive” policies, resounding Republican victories in November’s races will trigger a bull market on Wall Street, as well as spur business investment and hiring.

Naturally, for card carrying members of the “progressive” Party Pravda, whose primary objective is re-election of the current White House occupant, the tainted poll results of a mere 1,007 justifies influencing the decisions of thousands of online readers with headlines based on “progressive” spin masked by highly questionable anecdotal evidence.

http://mjfellright.wordpress.com/2012/06/25/progressive-media-spin-continues-unabated/

Free Market Advocacy Group spending big money this season

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The commonly held thought that the general public doesn’t pay attention to political issues until the fall months has been proven shattered.  Americans For Prosperity, a nationwide issue advocacy group, is breaking the mold when it comes to educating the public by launching a multimillion dollar ad campaign and grassroots activist effort well before “election season.” And according to AFP President Tim Phillips, it’s gaining momentum.

“We’re in Montana now on a bus tour and the crowds are big. The response is significant,” says Phillips. “Traditional thought that people only pay attention at the end isn’t true any more.”

Capitalizing on the stunning statement made by President Obama that “the private sector is doing fine,” the newly released AFP ad includes shocking statistics to back up their claim that the president’s economic policy is failing the American people.

Phillips acknowledged President Obama’s attempt to walk-back the statement for political reasons, but asserted that Obama’s true feelings about the private sector were clearly revealed in the president’s off-the-cuff remark.

AFP has targeted several states including Florida, Virginia, Ohio, Pennsylvania and others for both the huge ad buy and “on the ground” efforts to mobilize citizens.  They plan to expand door-to-door activity and phone banks as the campaign season rolls on.

“Americans For Prosperity is a genuine longterm grassroots organization to stand up for economic freedom,” continued Phillips. “We plan to make a big difference.”

View the new ad here: “Doing Fine”

Was “The Private Sector is Doing Fine” Really a Gaffe?

When obama uttered the words “the private sector is doing fine” speculation ran rampant, declarations occurred and questions abounded.

Obedient spokes-fools within the “progressive” Party Pravda remained largely mum, dutifully neglecting or downplaying the story. Conservatives pounced on the statement, speculating aggressively about obama’s lack of perceptive abilities while declaring it to be the biggest gaffe in his presidency. Questions were asked as to why standard operating procedure had been abandoned and a presidential press conference was being held in the White House when no major announcement was being made.

That obama followed up the initial remark by saying the problem with America’s economy is a loss of government jobs at the state and local level suggests various possible explanations. One is that it’s a sign of his commitment to growing government as the sole solution to each and every one of the world’s problems. Another is that he is so out of touch with economic reality that the remark really was a gaffe.

But there is at least one other possibility to consider.

U.S. Attorney General Eric Holder is coming under heavy congressional scrutiny for his role in the failed Fast and Furious gun running scandal. Hard questions are being raised on both sides of the aisle about the risks posed to the country through national security leaks possibly emanating from the White House. obama’s been accused of allowing the leaks to occur for personal political gain. There are ongoing discussions and mounting evidence regarding obama’s membership in Chicago’s extremist “New Party”, coupled with continuing avoidance of or denials about it among obama’s political apparatus. There is major embarrassment about obama’s “entire grassroots machinery” being resoundingly drubbed in the Wisconsin recall election. There is growing “progressive” left wing extremist frustration with obama’s perceived inability to deliver on his pledge to “fundamentally transform the United States of America”.

Go back to the question: Why was a presidential new conference being held when there was no major announcement being made? Even given that there was only the remotest possibility that the “progressive” Party Pravda might actually uncover a hitherto undiscovered ounce of journalistic integrity within itself and ask hard questions on a myriad of topics, why was this press conference being held?

Is it possible that the biggest gaffe in obama’s presidency was committed on purpose? That it was an intentional diversion? A coldly calculated politically driven distraction away from other bad news that had been dominating the weekly news cycle?

Was it an accident that it occurred on a Friday morning, contributing to the likelihood that the weekend political talk show discussions will focus on this rather than the myriad of other, more damaging news about obama’s failed attempt to be the nation’s Chief Executive?

If so, it was an extreme abuse of the power of the presidency.

Given that this “gaffe” originated from a once humming along firing on all cylinders well oiled political machine that has repeatedly engaged in “the art” of misrepresentation, distortion, distraction, diversion and smoke and mirror parlor trickery, is pondering such questions an unreasonable activity?

With obama in the White House, do you now consider such a line of questioning to be unpatriotic?

Do you really?

You may wish to reconsider come November 6th.

http://mjfellright.wordpress.com/2012/06/09/was-the-private-sector-is-doing-fine-really-a-gaffe/

Europe Won’t Work in America

Spain’s economy is under such duress that the country is prepared to request a 40 billion Euro cash injection from the Euro zone this weekend. The request comes after Fitch Ratings reduced Spain’s credit by three notches on Thursday. This move will make Spain the fourth country to need a bailout since the European debt crisis began. The Spanish banking sector’s weakness and contagion from Greece’s debt crisis have put Spain’s economy in such a precarious position that the International Monetary Fund reported a need for 90 billion Euros to entirely cleanse Spain’s banking sector.

Much has been said about the problems of Greece and how those problems will impact the Eurozone. However, the size of Spain’s economy is over four times that of Greece’s. Spain’s 11.5% share of the Euro zone’s GDP has a far greater impact on European finances than does Greece’s 2.5%.

What the world is witnessing is the collapse of the European socialist economic model; the failure of government dependency. As more people become dependent on government, fewer people are left to pay the cost.

But it goes beyond simply spending other people’s money. The socialist entitlement mentality makes people less productive. As more and more people become less and less productive, an ever-smaller minority of productive people become responsible for shouldering the burdens of a completely lopsided, unfair system. When a tiny number of productive people are required to deprive themselves of the fruits of their own labor in order to finance the lives of the remaining population, where is the incentive for them to produce?

If that is not enough, reliance on a big government nanny state makes people less responsible for themselves, less self-reliant. That is the antithesis of the American way of life.

When European settlers colonized the New World, they left the security of Europe behind in favor of North America’s unknown wilderness. They left homes, family, friends and country behind in exchange for an opportunity to build better lives for themselves. They were freed from the constraints of Europe’s restrictive class system. They openly rejected the European way by leaving.

When the British Monarchy deemed to re-impose that system on Britain’s thirteen North American Colonies, that attempt was adamantly and thoroughly rejected. Hence the Declaration of Independence, the American Revolution and the founding of the United States of America.

When America’s pioneers ventured west to traverse the Great Plains and cross the Rocky Mountains they were completely self reliant. They took care of themselves. They didn’t have, want, or need a big nanny state government to take care of them from cradle to grave.

This is the stuff of which America is made.

Because it gives them control over “the masses”, “progressives” have long sought to fashion America after the European socialist model, to make Americans more government dependent. There was FDR with the New Deal and Social Security. LBJ gave America the Great Society, Welfare Programs and Medicare. Now obama forces upon an unwilling America the crown jewel of European style socialism; government controlled medicine.

Every time obama holds a press conference he sounds exactly the way he has always sounded: he inherited the worst economic crisis since the Great Depression. his policies are working, but need more time. Congress needs to quit stalling and enact more of his policies. The private sector is doing fine but to grow the economy government needs to spend more money to create more government jobs at the state and local level.

Coming as it does on the heels of the Wisconsin recall election, where such policies were rejected, this shows precisely how out of touch obama is with the private sector, how the economy works, American history and the nature of America’s people…and with reality.

Europe won’t work in America. Neither will an out of touch narcissist who insists on imposing a long rejected European system upon America.

obama, you are fired.

http://mjfellright.wordpress.com/2012/06/08/europe-wont-work-in-america/

Green Death

Eight regions of Spain have had their credit ratings cut as uneasy Spaniards moved their money overseas. Spooked by the questionable state of their banks, Spanish savers are now moving their money abroad faster than records have ever shown. Spain’s credit rating has been downgraded two notches and nearly 25% of Spaniards are unemployed

The Spanish newspaper La Gaceta ran a full-page article exposing the truth about Spain’s “green jobs” agenda, which just happens to have been cited many times by barack obama as the way “forward” for the United States. “Green energy” has now been exposed as a costly disaster that has undone Spain’s economy.

The Spanish Administration confessed “the increase of the electric bill is principally due to the cost of renewable energies.” It has now become officially recognized that the price of electricity, as well as increases in Spain’s debt are due to the extra cost of solar and wind energy. Additionally, the Spanish administration now admits that each green job that was created cost more than 2.2 traditional jobs in the private sector.

All evidence to the contrary, the obama administration insists on moving full speed ahead with its ill imagined, full frontal assault on the American energy industry, coupled with increased promotion of their “green jobs” fantasy.

Not only is coal America’s cheapest source of energy, the United States owns some the world’s largest coal deposits. Newly enacted EPA regulations now force a reduction in utility CO2 emissions to 1,000 pounds per megawatt of electricity. This regulation effectively bans construction of new coal-fired plants and will invariably lead to hikes in electricity costs. Since only natural gas meets the new emissions standard, the country’s electricity providers will be forced to pay the cost of converting to natural gas. One way or another, electricity prices will “necessarily skyrocket”.

Despite administration claims, obama’s hostility towards fossil fuels has led to reduced opportunities for domestic oil production. obama continues to call for the elimination of targeted tax breaks oil companies have been receiving for decades. The general public is largely unaware of the fact that those tax breaks are targeted chiefly for exploratory activities. Drilling for oil is an expensive, uncertain business venture. Even successful fields have limited lifespans. Besides, hiking taxes on new exploration is counter-intuitive to increasing production.

In addition to his open aggression towards traditional fuels, obama plans on “investing” more of American taxpayer money by doubling down on spending for wind farms, solar energy, homegrown biofuels and energy-efficient cars and buildings. The history of the administration’s “investment” strategy is fraught with peril.

Here are a few of the “green” “sustainable energy” failures that have already been supported by the current administration’s “investments”. Remember, all this financing was done using your tax dollars. Well, not exactly. It has been done with tax dollars to be re-paid to the Federal Reserve Bank and China by your grandchildren and great grandchildren. Plus interest:

Evergreen Energy-Which has filed for Chapter 7 bankruptcy, saying it’s “impossible to maintain operations” due to funding shortfalls. This announcement came after the company received $5.3 million in “stimulus” funds.

Amonix Inc.-A manufacturer of solar panels that received $5.9 million from the “stimulus”, laid off about 200 employees only seven months after opening a factory in Senate Majority Leader Harry Reid’s home State of Nevada.

Beacon Power Corp-Sought bankruptcy protection in 2010 after they received a $43 million loan guarantee from the Department of Energy.

Ener1 Electric-A car battery manufacturer, filed for bankruptcy three years after receiving a $118.5 million grant from the U.S. government.

These are all in addition to Solyndra-A solar panel maker that received a $535 million loan guarantee, then famously filed for Chapter 11 protection.

This is a mere taste of problems found when centrally planned big government intrudes into the free market. Not only is the spending inherently wasteful, the fact that these companies were in large part operated by big donors to obama’s political campaign points to the corruption involved when an ideologically captive, politically driven politician makes investment decisions based on cronyism. Two thirds of all energy loan guarantees or grants made by the obama administration’s Department of Energy have gone to his campaign donors or donation bundlers. Can you say quid quo pro?

All government energy subsidies should end. Energy companies should be free to compete without government interference. If and when “green” “sustainable energy” becomes a competitive solution, consumers will reward “green” companies that used private capital to successfully situate themselves in the market by purchasing their products. That’s how a free market works. That’s what’s made America the greatest economic success in the history of human civilization.

http://mjfellright.wordpress.com/2012/05/31/green-energy-death/

5% Growth and 5% Unemployment!

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The American entrepreneur is extremely resilient. This is evidenced by even a paltry 1.9% growth rate in the face of staggering regulation, looming health insurance burdens, and uncertain taxes.

The one thing business needs to thrive is certainty. That is the thing above all others that they have lacked from the current administration. Business will find a way to grow and profit in any environment so long as the environment is stable.

Business people need to be able to plan in five and ten year terms. If a businessman presents themselves for a business loan at a lending institution, the first thing the institution wants to see is a five year business plan. You would think the administration would understand that since that is what the government’s small business administration website advises, but no.

This administration, through its regulators and legislation changes the business landscape on an almost daily basis. The health care law is hideous. Dodd-Frank is just as bad, yet in spite of this daily turmoil our producers and providers have still managed to eek out some meager growth.

To fix the problem is really fairly simple. Government get out of the way. Stop helping! No more helping! It was helping people who could not afford to buy a house buy houses that got us into this mess to begin with. It was helping commercial banks get into the investment banking business that got us into this mess. Helping doesn’t help.

This country was founded on people helping themselves and their own neighbors, not on government help. Every time the government helps, it makes those whom it is trying to help worse off.

Fixing the economy in five simple steps:

1. Repeal Obamacare
2. Repeal Dodd-Frank
3. Reinstate Glass-Steagall
4. Pass the Mack-Penny budget plan
5. Go to a flat 20% income tax with only mortgage, charitable and health savings account deductions.

Then do nothing else. America will fix its own economy if given half a chance.

I’m just sayin’

The Buck Stops…With Bush???

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Over three years into his presidency Barrack Obama is still playing the blame game.  Surely there is a bonus for the campaign staffer who realized that by some simple fudging of bookkeeping and dates the administration could change the spending numbers and once again blame Bush.

I can see it now…

A junior accountant from the firm of Shyster and Loophole (contracted to Team Obama) has an idea, “Look, it’s simple. If we just move the stimulus money back a couple months we can add it to George Bush’s budget. We can tack it on to his spending and it will make our numbers drop so that it looks like we have actually spent less than any other president!”
The accountant shares his idea with the boss. “What a great idea! If this works you’ll get a Tee Time with the President!”*

And so it is. In a recent Market Watch report the author states that the Obama administration has had the slowest spending since the 1950’s and hints that those who don’t  agree simply don’t understand how budgets and fiscal year spending works.  Many would disagree. In fact, here’s another point of view from one very irritated guy:

(This is not just a man off the street. Lee Doran is an attorney and account executive. He also runs one of the largest News and Politics channels on You Tube.)

Maybe you haven’t heard about it? This week President Obama hit the road sharing this new message that he, in fact, is not the spending president. I just point out it always goes up least under Democratic presidents. Quoting the president in a fundraising speech, “This other side, I don’t know how they’ve been bamboozling folks into thinking that they are the responsible, fiscally-disciplined party.”

Or maybe you haven’t heard about this as a controversy??? Many naive voters still get their news solely from the major networks. They don’t have or take the time to ferret out its veracity.  In this new age of blatantly biased news coverage one must wonder whether any press will fact check Obama’s new numbers as he touts lower spending than any president in the past fifty years. If the numbers from the Market Watch article are debunked or even if they are just looked at with a more critical eye it appears one thing is true. It’s time for this president to stop blaming the previous administration for all his woes.

As Truman famously said, “The buck stops here.” Isn’t it time for Team Obama to tell us what this administration has actually accomplished? To run on a truthful record? And to stop blaming Bush.

*Thoughts from my admittedly biased imagination…

What the obama Administration Has Taught America

Facebook Inc.’s $16 billion initial public offering has made Mark Zuckerberg the 29th richest carbon based life form on Earth. Facebook provides entertainment and a fun way to spend your leisure time. America should love Zuckerberg. Whatever happens, do not ever criticize him for not paying his fair share of taxes…he’s cool in the administration’s eyes and they’re down with whatever he does. Heck, he might even turn out to be as cool as George Clooney.

According to the Securities and Exchange Commission (SEC), the top three U.S. oil companies alone paid $42.8 billion in income taxes in 2010. Ignore that fact and describe them as evil billionaires who don’t pay their fair share. After all, the petroleum, coal and natural gas industries all provide cheap energy to America, which stands in the way of implementing the administration’s agenda to fuel America with recycled unicorn poop.

It’s OK for the New Black Panthers to stand in front of polling places, wearing uniforms, wielding clubs and intimidating white voters with taunts of “now you’ll find out what it’s like to be ruled by a black man”. It’s also OK for Eric Holder, who publicly said: “I am not the tall U.S. Attorney. I am the black U.S. Attorney” to drop all charges against them.

It’s not OK for a “white hispanic” to defend himself from attack by someone who’s black

Tea Party demonstrators, who obeyed the laws, obtained permits, and cleaned up after themselves when they peaceable assembled to petition their government for redress of grievances are violent, racist extremists who should be monitored by the Department of Homeland Security as potential homegrown terrorists.

Occupy Wall Street, who squatted on public and private land for weeks at a time without permit, cost cities across the nation millions in clean-up and other costs, engaged in rape, drug use, public sexual acts, attacked police, destroyed property and generally disrupted the normal flow of life are great patriots. They deserve the public support of Barrack Obama, Joe Biden, Nancy Pelosi, the DCCC, Elizabeth Warren, Barney Franks, Debbie Wasserman Shultz, Charlie Rangle, Dennis Kucinich, et al. As Nancy Pelosi said: “God bless them, for their spontaneity. It’s independent … it’s young, it’s spontaneous, and it’s focused. And it’s going to be effective.”

When kids are failing in school after being subjected to exposure to incompetent teachers who couldn’t teach a dog to bark yet can’t be fired because they’re protected by unions, lower testing standards. The possibility of hurting a student’s feelings by giving them a failing grade couldn’t possibly pass politically correct, everyone has to feel good about themselves at all times muster.

If you’re a kid who wants to hold a bake sale, open a lemonade stand or engage in similar activities which demonstrate initiative, ambition or a desire to utilize the free market in order to better yourself, you must be trained to first beg permission from the government. And boys and girls of all ages, don’t ever forget broccoli is good for you and snack cakes, candy bars and chips are bad. Since you’re too stupid to make the proper decision, government is going to enact legislation that deprives you of the right to choose.

Whenever “progressive” politicians are caught in an outright lie about where they were born, their bloodlines or military service rendered it’s due to a clerical error. If criticism persists, blame someone else for each and every one of your failures. When all else fails, play the race card.

http://mjfellright.wordpress.com/2012/05/18/what-the-obama-adminstration-has-taught-america/

Senate Dems Reject Five Budgets While Failing to Produce One

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The Democrat-controlled Senate rejected five separate budget plans including one based on President Obama’s budget plan.

In a 99-0 vote the liberal Senate voted down a budget proposal based on the President’s own plan. Without being able to raise a single vote for his own budget from his own party, serious questions are being raised about Obama’s ability to broker an agreement on the budget. The President’s inability to end an almost sure showdown over a debt-limit increase this year could bring the economy to a screeching halt.

The House-passed GOP plan received much more positive support from the Senate, but failed to garner enough votes to be brought to the floor for debate. Paul Ryan’s plan went down largely on a party-line vote 58-41 with 5 Republicans voting against it. Scott Brown (Mass), Olympia Snowe (Maine), Susan Collins (Maine), Dean Heller (Nevada) and Rand Paul (Kentucky).

Of the five plans, Sen. Rand Paul’s was the toughest on spending. The plan called for the elimination of the Departments of Commerce, Education, Housing and Urban Development and Energy. Paul’s plan received 16 votes – the least of the proposals put up for a vote.

All of the Republican plans focused on differing degrees of spending cuts much to the dismay of Senate Democrats:

“We will not allow the debt and deficit to be reduced on the backs of the middle class and most vulnerable Americans without calling on the wealthiest to contribute. That is not fair, it’s not what the American people want, and it’s simply not going to happen.” — Sen. Patty Murray, (D – Wash)

The Democrats have re-asserted their position that it is unnecessary to create and pass a budget this year because of the spending limits agreed to last year. Republicans have been quick to point out that the spending limits do not fulfill the legal obligation to produce a budget each and every year – an obligation the Harry Reid led Senate has failed to make for three consecutive years.

Eric Holder Spanked by Congress

The US House of Representatives passed H.R. 5326, a bill providing funds for the Justice Department and other agencies in 2013 in a 247-163 vote on Thursday.

Several amendments attached to the bill provide a major spanking for Attorney General Eric Holder. In addition to reducing his budget by one million dollars, Rep. Jason Chaffetz (R-Utah) offered an amendment which passed 381 – 41 (142 democrats in favor) to prevent the Justice Department from using taxpayer funds to lie to congress.

The bill also includes language which prevents the Justice Department from using funds to defend Obamacare, bring suit against states for their immigration laws and from taking action against states that pass voter ID laws.

The bill actually cuts three percent from 2012 spending levels.

President Obama has threatened to veto the bill.

Retirement Programs-Running on Empty

Government trustees report this week reveal that Social Security and Medicare will run out of money sooner than expected. Medicare is looking at a shortage beginning 2024 but Social Security for Disabled (SSI) will be out of funds just around the corner in 2016. All agree that by 2030 there will only be enough money to cover 75% of the need.

The closer Baby Boomers get to retirement age the more worrisome these gloom and doom headlines become. For the most part we pay into these retirement programs with the expectation they will be there to supplement our future needs. We should be taking note. Something has to be done. And now.

Last year Representative Paul Ryan (R-WI) presented a plan to reduce the debt and continue retirement programs well into the future. You recall, he was greeted with a barrage of criticism from the left and seniors were given the impression that they would suffer severely. (Remember, throw Granny off a cliff?) Nothing ended up being done by Congress last year except to further kick the can down the road. This year Ryan again has presented a budget and appears better prepared to argue his plan.

Many will argue that this “Path to Prosperity: Saving Medicare” has faults. Many will argue that there are other solutions. Others assure us that removing the FICA cap (which would be a cost increase for those making over $106,800) should be a large part of the solution.  There are questions how moving funding from federal to state governments will affect low income Medicaid recipients. Additionally, there is discussion whether the new Affordable Health Care law is funded in part through cuts to the Medicare budget.

All the above are good questions. The type that should be debated and compromised on in open meetings in Congress. And yet… there is no plan from the Obama administration. In fact, Treasury Secretary Timothy Geithner reacted to the funding shortfall, not by offering an answer or compromise, but instead to further criticizing the Ryan Plan. As a reminder, it is over three years since the Democratic controlled Senate has even produced a budget.

There appears no attempt to find a resolution. It’s hard not to agree with Stuart Varney on this issue.  The government says: We don’t like your plan. We don’t have a plan but we know we don’t like yours. Is it any wonder people are looking for a change in administration?

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