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The Time has Come to Resurrect The Sons of Liberty

June 13, 2013 in "Bill of Rights", 1st Amendment, 2nd Amendment, Abuse of Power, America's Heritage, Amnesty, Anarchy, Benghazi Gate, Congress, Constitution, EBT Cards, Economic Deception, Eric Holder, Founding Principles, Freedom, Glenn Beck, Illegal Aliens, Immigration, Intimidation, Liberty, Liberty in Jeopardy, Mitch McConnell, Political Courage, President Obama, Progressivism, Redistribution of Wealth, Republicans Vs. Tea Party, Socialism, Speaker John Boehner, United States Sovereignty, Welfare by Admin1

PatriotsThe time has come to resurrect The Sons of Liberty.

We have been hearing for weeks now that the Republican Establishment, including Senate Minority Leader Mitch McConnell and Speaker John Boehner have cooked up an Amnesty Deal. A Deal that will be surreptitiously enacted in the House and Senate such that the final Conference Bill will be passed in the Senate by the Democrat Majority and in the House by a mix of all Democrats and Republican Establishment defectors who will be well rewarded by being allowed to retain their Committee Chairmanships’.

 

The Deal came into the open on the Glenn Beck show when modern-day Patriots Representatives Michele Bachmann (Minn.), Steve King (Iowa) and Louie Gohmert (Texas) along with 67 other stalwarts determined that they could not go along with the deception and decided to risk their careers in a showdown with Boehner.  Read more here Now that the deception has been made public, Speaker Boehner is saying that he doesn’t “intend” to push a bill that violates Republican Party “principles.”

 

Don’t be deceived by the Boehner’s latest ruse.  He fully intends to implement the Deal, unless “We the People”, take back our government. We have to have patience.  We are now engaged in a battle for survival for our way of life. If you value the future for your children and grandchildren, then you must become engaged and stick it out as long as it takes to convince our political class that we have had it and it is Speaker Boehner and the Republicans that defect that will bear the angst of the citizenry.

 

Remember first and foremost that these 70 brave souls have placed their lives, their fortunes, and their sacred honor on the line for us. We must in turn protect their backs from the administrators of this deception, both now and the future.  We cannot allow the retribution that was delivered to Colonel Allen West to befall any of our brave patriots.

On June 19th you will have an opportunity to stand up against Amnesty and all the other reprehensible scandals that have rocked your faith  in our government by joining  Representatives Michele Bachmann , Steve King  and Louie Gohmert, in front of the U.S. Capital. If you can’t be there physically, you can use the occasion to call your Representatives and Senators as well as to voice  support for the 70 Representatives’  who are demanding that the Speaker honor the  Hastert Rule that requires  support from a majority of the majority to bring a bill forward.

Our way of life has been gradually under attack and sometimes we may feel that there is nothing that we can do. However, our Constitution gives the power to the people and we must make it clear to all our elected Representatives that we will exercise that power to rid our country once and for all from Amnesty, that promises to bankrupt our nation, from surveillance that threatens our Personal Liberty, and from corrupt, anti-Constitutional officials and bureaucrats that threaten our life, our liberty and our pursuit of happiness.

 


 

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Obama Pushing Immigration Reform – The Black Leadership Alliance – Leah Durant – O’Reilly

June 12, 2013 in Congress, Constitution, Dream Act, Economic Deception, Economy, Freedom, Government, Obama-Nomics, President Obama by admin

black americanU-6 The Real Unemployment Well  Over 13% & Higher For Black Americans
Obama, Rewarding Law Breakers Illegal Alien & Punishing US Citizen!
Obama Pushing Immigration Reform – The Black Leadership Alliance – Leah Durant – O’Reilly

The Black Leadership Alliance To Have a rally July 15 in Washington DC More info to come!!
Wake Up America Your Freedom At Risk!

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by Admin1

Over 150 Conservative Leaders, Groups Sign Letter Opposing Gang of 8 Amnesty Bill

May 21, 2013 in Amnesty, Economic Deception, Illegal Aliens, Immigration, Senate by Admin1

Stock Photo of the Consitution of the United States and Feather QuillOver 150 conservative leaders, groups and grassroots activists have signed an open letter opposing the Senate immigration reform bill.

“We write to express our serious concerns regarding the Gang of Eight’s immigration bill, S. 744. We oppose this bill and urge you to vote against it when it comes to the Senate floor,” the letter to be released Tuesday and obtained by The Daily Caller reads. ”No matter how well intentioned, the Schumer-Rubio bill suffers from fundamental design flaws that make it unsalvageable. Many of us support various parts of the legislation, but the overall package is so unsatisfactory that the Senate would do better to start over from scratch.”

Signed by conservatives leaders and group representatives including radio host Laura Ingraham, Fox News personality Monica Crowley, Red State’s Erick Erickson, radio host Mark Levin, Hoover Institution’s Victor Davis Hanson, and The Daily Caller’s Mickey Kaus, the letter highlights a number of issues the signers have with the legislation including their concerns that the bill:

  • Is bloated and unwieldy along the lines of Obamacare or Dodd-Frank;
  • Cedes excessive control over immigration law to an administration that has repeatedly proven itself to be untrustworthy, even duplicitous;
  • Legalizes millions of illegal immigrants before securing the borders, thus ensuring future illegal immigration;
  • Rewards law breakers and punishes law enforcement, undermining the rule of law;
  • Hurts American job-seekers, especially those with less education;
  • Threatens to bankrupt our already strained entitlement system;
  • Expands government by creating new bureaucracies, authorizing new spending, and calling for endless regulations;
  • Contains dangerous loopholes that threaten national security;
  • Is shot through with earmarks for politically connected interest groups;
  • Overwhelms our immigration bureaucracy, guaranteeing widespread fraud.

The letter also argues that while immigration reform is important, the Senate’s immigration reform bill will only make matters worse.

“Reforming our immigration system is an important priority. But S.744 is such a defective measure that it would do more harm than good. We urge you to vote against it and against any cloture vote to bring up the bill. Only then can a constructive, measured debate take place on how to improve America’s immigration policy,” the letter reads.

Read more: http://dailycaller.com/2013/05/21/over-150-conservative-leaders-groups-sign-letter-opposing-gang-of-8-bill/#ixzz2Twd0LldL


 

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Obama’s Chained-CPI Budget Proposal Negatively Targets Senior’s Social Security Benefits

May 4, 2013 in Debt Crisis, Economic Deception, Hope and Change, Obama's America 2016, ObamaCare, Obamanation, Our Dear Leader, Political Deception, President Obama, Redistribution of Wealth, Socialism by Admin1

Chained CPI affect on Social SecurityBarack Hussein Obama has declared Open Season on senior’s Social Security benefits in his Budget proposal. If enacted it would once again unilaterally single out seniors for cuts. You may remember that Obamacare Robbed Medicare of $716 Billion to Fund Itself.

Now he is targeting your  Social Security benefits. According to Emily Brandon’s April 29th U.S.News & World Report article How the Chained CPI Affects Social Security Payments,  Retirees are likely to get smaller monthly payments using this new measure of inflation.

In a SPECIAL SUPPLEMENT ON CPI,    Shadow Government Statistics, American Business Analytics & Research LLC explains the various inflation indexes and their relationship to REAL Inflation. After you come to understand the impact of Chained CPI Indexing on your retirement benefit, we are sure that you will demand that no changes be made to the current index unless there is a comprehensive plan to deal with our debt by ALL American families. We are willing to pitch in to solve out monumental debt problem but are not willing to carry the  majority of the debt burden on our shoulders when entire illegal Immigrant extended  families like the Boston Marathon Bombers’ Tamerlan and Dzhokhar Tsarnaev’s receive EBT cards, high school scholarships, housing and college funding among other benefits !

A copy of the Special Supplement on CPI follows:

 

An Opinion on the Renewed Push to Use the C-CPI for COLA, Inflation Indexing

The Chained-CPI (C-CPI) is a fully-substitution-based version of the CPI-U, which is the primary inflation measure published by the U.S. government’s Bureau of Labor Statistics.  The C-CPI is designed to reduce the level of reported inflation that otherwise would be used by individuals to make decisions tied to their investments and income.  As a vehicle for artificially reducing COLA adjustments for such programs as Social Security, its proposed use here appears to be a rare area of agreement between both sides in the current budget-deficit negotiations.

Those in the federal government who are honest and forthright with the American public—at least about the proposal to understate the official rate of inflation for purposes of budget reduction—have failed to drive a wooden stake through the heart of the C-CPI.  Arising from its second, premature political burial, the C-CPI looks again like it has a strong chance of being used as a new federal parasite to drain consumer liquidity.  Like a vampire bat that sucks only enough blood for self-nourishment—leaving its victims alive for further abuse—the use of the C-CPI as a cost-of-living adjustment (COLA) measure is designed to suck real disposable income from the limited cash-flow of Social Security recipients, for the benefit of politicians who do not have the guts to vote against Social Security.

Those receiving, or who will be receiving Social Security payments were forced to pay into the system for all of their working lives, and generally believed the U.S. government would treat them fairly and honestly.  The bloodsuckers in Washington have hit their victims similarly, before, back in the 1980s with the introduction of hedonic-quality adjustments to inflation, and in the 1990s with the change of concept in the CPI to a quasi-substitution-based inflation measure.  Previously, the CPI measured inflation for a fixed-weight basket of goods, which measured COLAs as an inflation adjustment needed to maintain a constant standard of living.

As noted earlier in this missive, these methodological changes have altered the CPI-U and its more narrowly defined variant, the CPI-W, so that they no longer measure those costs of maintaining a constant standard of living (substitution effects) and no longer measure out-of-pocket costs (hedonic-adjustment effects).  Without the changes made to CPI calculations of the last several decades, Social Security payments would be more than double what they are today.  Indeed, with the use of a substitution-based index (the C-CPI is fully substitution based), the resulting cost of living adjustments promise only a declining standard of living.  Expanding the example that former Federal Reserve Chairman Alan Greenspan often used, where, as the price of steak rose, consumers would shift to hamburger, so too with higher hamburger costs have some cash-strapped retirees actually shifted consumption to dog food.

The President and Congress must address Social Security and other programs, such as Medicare, restructuring them so as make them solvent over the long haul, eliminating the horrendous levels of unfunded liabilities that are deteriorating at an aggregate pace in excess of $5 trillion per year on a net-present-value basis (see the Hyperinflation Report).  With discussions instead focusing on using the outright deceit of implementing the C-CPI to cut COLA, those controlling the government appear to lack the political will to make needed changes in a straight-forward manner.  Under those circumstances, there can be no meaningful budget deal structured by the negotiators in Washington.

The government must be honest with its citizens.  If the government cannot afford to pay full COLAs, it is better to indicate that upfront, rather than to try to fool individuals as to the actual level of inflation they have to overcome in order to maintain their living standards.  Cutting benefits by stealth and deceit may be politically expedient for the miscreants playing this game, but it is utterly unconscionable.

Beyond the damage caused by the C-CPI not reflecting out-of-pocket costs, and no longer measuring the cost of living of maintaining a constant standard of living, the C-CPI is not a practical measure for being used as a COLA or other benchmark inflation measure.

No Fixed Index Level for Reliable Cost Escalations in Contracts.  As a separate issue, beyond the C-CPI not reflecting the cost of living of maintaining a constant standard of living or of reflecting full out-of-pocket consumer expenses, it cannot be published on a timely-enough basis to make it feasible as an annual-COLA factor.

The following graph shows the regular net revisions to year-to-year inflation in the Chained-CPI, published February 21, 2013 for the years 2011 and 2012.  In contrast, the CPI-U and CPI-W never are revised on a not-seasonally-adjusted basis (barring an outright error in calculation).

That feature enables the use of the CPI-U and CPI-W as inflation-adjustment and cost-of-living-adjustment (COLA) measures in contracts, COLA adjustments to Social Security, etc.  Although designed as a consumer-damaging, budget-cutting replacement for the CPI-W in goverment COLA adjustments, the C-CPI reporting is unstable, since it goes through regular revisions every year, for the two prior years.  As shown in the following graph, the latest revisions would have suggested an upside revision of about three-tenths of a percentage point to any COLA adjustment would have been made previously for 2011.

As discussed by the BLS in its February 21, 2013 press release: “Because the current expenditure data required for the calculation of the C-CPI-U are available only with a time lag, the index is issued first in preliminary form, using the latest available expenditure data at the time of publication, and is subject to two subsequent revisions.  Therefore, C-CPI-U indexes for the 12 months of 2011 [now] are issued in final form – employing monthly expenditure weights from 2011.  Values for the 12 months of 2012 are revised and issued as interim, using expenditure weights from the 2009-2010 period.  Calculation of the initial value of the January 2013 C-CPI-U index, and all subsequent months in 2013, will also be based upon 2009-2010 expenditure weights.”

Notes on Different Measures of the Consumer Price Index

 

The Consumer Price Index (CPI) is the broadest inflation measure published by the U.S. Government, through the Bureau of Labor Statistics (BLS), Department of Labor:

 

The CPI-U (Consumer Price Index for All Urban Consumers) is the monthly headline inflation number (seasonally adjusted) and is the broadest in its coverage, representing the buying patterns of all urban consumers.  Its standard measure is not seasonally adjusted, and it never is revised on that basis except for outright errors.

 

The CPI-W (CPI for Urban Wage Earners and Clerical Workers) covers the more-narrow universe of urban wage earners and clerical workers and is used in determining cost of living adjustments in government programs such as Social Security.  Otherwise, its background is the same as the CPI-U.

 

The C-CPI-U (Chain-Weighted CPI-U) is an experimental measure, where the weighting of components is fully substitution based.  It generally shows lower annual inflation rate than the CPI-U and CPI-W.  The latter two measures once had fixed weightings—so as to measure the cost of living of maintaining a constant standard of living—but now are quasi-substitution-based.  Since it is fully substitution based, the series tends to reflect lower inflation than the other CPI measures.  Accordingly, the C-CPI-U is the “new inflation” measure being considered by Congress and the White House as a tool for reducing Social Security cost-of-living adjustments by stealth.

 

The ShadowStats Alternative CPI-U Measures are attempts at adjusting reported CPI-U inflation for the impact of methodological change of recent decades designed to move the concept of the CPI away from being a measure of the cost of living needed to maintain a constant standard of living.  There are two measures, where the first is based on reporting methodologies in place as of 1980, and the second is based on reporting methodologies in place as of 1990.

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President’s Bloated Budget Calls For $800B Tax Hike, $7.3 Trillion In New Debt – Fuzzy Math

April 7, 2013 in Budget, Congress, Debt Crisis, Debt Limit, Depression, Economic, Economic Deception, Economy, Obama's America 2016, Obamanation, President Obama, Propaganda, Sequestration, Unions by carlos

fuzzy math

Obama Admin Says Turning Off Sequester Will Save $1 Trillion
President’s Bloated Budget Calls For $800B Tax Hike, $7.3 Trillion In New Debt – Fuzzy Math On Whitehouse.gov

Obama: Proposed budget not my ‘ideal plan’  Published April 06, 2013 Associated Press

Confronting bipartisan criticism, President Obama conceded Saturday his  proposed budget is not his “ideal plan” but said it offers “tough reforms” to  the nation’s benefit programs while closing loopholes for the wealthy, a mix  that he argued will provide long-term deficit reduction without harming the  economy.

In his first comments about a budget he is to release Wednesday, Obama said  he intends to reduce deficits while at the same time providing new spending for  public works projects, early education and job training.

“We don’t have to choose between these goals – we can do both,” Obama said in  his weekly radio and internet address.

Obama’s budget calls for slower growth in government benefits programs for  the poor, veterans and the elderly, as well as higher taxes, primarily from the  wealthy. Some of its details, made public Friday, drew a fierce response from  liberals, labor unions and advocates for older Americans and prompted an  unimpressed reaction from Republican House Speaker John Boehner.

“It’s a compromise I’m willing to accept in order to move beyond a cycle of  short-term, crisis-driven decision-making, and focus on growing our economy and  our middle class for the long run,” Obama said.

Obama proposes spending cuts and revenue increases that would result in $1.8  trillion in deficit reductions over 10 years, replacing $1.2 trillion in  automatic spending cuts that are otherwise poised to take effect over the next  10 years.

Counting reductions and higher taxes that Congress and Obama have approved  since 2011, the 2014 budget would contribute to a total $4.3 trillion in total  deficit reduction by 2023.

The key deficit reduction elements of the plan incorporate an offer Obama  made to Boehner in December as both men sought to avert an impending “fiscal  cliff” of automatic, across the board spending cut and broad tax increases.

Obama’s plan has two central features — $580 billion in new taxes that  Republicans oppose and a new inflation formula, rejected by many liberals, that  would reduce the annual cost of living adjustments for a broad swath of  government programs, including Social Security and benefits for veterans.

In his address, Obama said he would achieve deficit reduction by making  “tough reforms” to Medicare and by enacting “commonsense tax reform that  includes closing wasteful tax loopholes for the wealthy and well-connected.”

Obama, however, made no mention of the effect his budget would have on Social  Security and on other social safety net programs, a key feature of his proposal  and one that drew hostile reaction from some of his most ardent political  backers.

Obama rejected a House Republican budget that aims to balance the budget in  10 years with steep cuts in domestic spending. His remarks reflected the White  House’s argument that Obama’s blend of tax increases and spending cuts have  widespread public support and will ultimately change the terms of the fiscal  debate in Washington.

“My budget will reduce our deficits not with aimless, reckless spending cuts  that hurt students and seniors and middle-class families — but through the  balanced approach that the American people prefer, and the investments that a  growing economy demands,” he said.

Still, Obama has been unable to move House Republicans from their opposition  to higher taxes. And his proposed reduction in the growth of benefits drew swift  objections from allies.

“The president should drop these misguided cuts in benefits and focus instead  on building support in Congress for investing in jobs,” AFL-CIO President  Richard Trumka said in a statement Friday.

Kansas Gov. Sam Brownback delivered the Republican radio address, arguing  that “the ideas on how to fix the federal government are now percolating in the  states.”

“You see, you don’t change America by changing Washington — you change  America by changing the states,” he said. “And that’s exactly what Republican  governors are doing across the country — taking a different approach to grow  their states’ economies and fix their governments with ideas that work.

Brownback, a former House member and U.S. senator, called for a “taxing  structure that encourages growth, an education system that produces measurable  results, and a renewed focus on the incredible dignity of each and every person,  no matter who they are.”

Read more:  http://www.foxnews.com/politics/2013/04/06/obama-proposed-budget-not-my-ideal-plan/#ixzz2PmJnyqlb

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by Admin1

Obamanomics is Taking US Economy to Financial Armageddon While Once Again Taking Seniors to the Cleaners

April 5, 2013 in Abuse of Power, Depression, Economic Deception, Economy, Obamanation, President Obama, Progressivism, Socialism by Admin1

  • Labor Participation Rate90 Million Americans out of Labor Force
  • Labor Participation Rate Down from 63.5% to 63.3%  - Lowest since May 1979 under President Jimmy Carter
  •  8.8 Million On Social Security Disability and are not counted as Unemployed
  • 88,000 Job s created in March - Fewest in 9 Months
  • 496.000 Civilian Jobs lost in March
  • U3 Unemployment rate Down from 7.7% to 7.6% - (This is NOT how we should measure Unemployment)
  •                    Civilian Labor Force dropped by 496,000
  • U6 Unemployment rate is up to 13.8% (This is how we SHOULD measure Unemployment)
  • Federal,State and Local Unemployment rate is a mere 3.6% (This is amazing –  618,000 jobs created in March alone

Barack Hussein Obama’s (BHO’s) Solution to our Economic Woes are incorporated in his Budget Proposal that follows the already Adopted House and Senate Versions:

  • Cut Entitlements like Social Security by the use of “Chained CPI”  - This will cut cost of living increases dramatically. If Seniors will be required to abide by this cost of living mechanism, so should ALL CIVILIAN AND GOVERNMENT AGENCIES!   Obama has already stolen 950 Billion from Medicare, now he is going after our Social Security!
  • CUT Medicare even  further by $400 Billion which he calls SAVINGS in his Budget. 
  • Changes to Retirement Accounts - He once again pitches class warfare by cutting benefits to the “Rich”
  • In General BHO is advocating for MORE TAXES. – A Great Solution that will speed-up our economy’s  tailspin

 

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Crisis In Europe – Protecting Your Hard-Earned Money – Wake Up America! – O’Reilly

March 26, 2013 in "Bill of Rights", 2nd Amendment, America's Collapse, Bail Out, Congress, Debt Crisis, Economic Deception, Economy, Freedom, Obamanation, President Obama, Propaganda, Redistribution of Wealth, Socialism, Socialist, Speaker John Boehner, Tax Hike, Treason, US Sovereignty, Who Is Barack Hussein Obama? by admin

A A GreeceEuropean Union Authorize Seizure Of Money In Private Bank Account!

Nigel Farage: Now They Done It In One Country They are Quite Capable Of Do it In Italy Spain Portugal Or Anywhere Else & The Message That Sends To People That Has Saving In Bank In Those  Country, Certainly If I Was Them Is Get Your Money Out While You Can!!!

Could That Happen In The United State?

Crisis In Cyprus Sparking Fears About Bank Deposits Everywhere – Is Your Money Safe?  – Cavuto

 

 

 

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Starving Democrats – Sequester Squeeze – Democrat Whines Staffers Can’t Afford Pricey Meals

March 26, 2013 in "Biden the Fool", Abuse of Power, Accountability, Bail Out, Budget, Congress, Debt Crisis, DICTATORSHIP, Economic, Economic Deception, Economy, Gas Price, Generational Theft, Hillary Clinton, Hope and Change, Oust Obama, President Obama, Propaganda, Socialism by admin

A a StarvingStarving Democrats – Texas Congressman Solicits Lobster Donations

Congresswoman’s Crying Shame  – Staffers Can’t Afford “High Quality Meal”

What Sequester? – Veep’s Paris Price Tag Raising Eyebrows
Sequester Squeeze Democrat Whines Staffers Can’t Afford Pricey Meals

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Scott Brown Finally Get’s One RIGHT: Strassel’s Wall Street Article ‘Jumping the Sequester’

March 8, 2013 in Economic Deception, Economy, Obama-Nomics, Politics, President Obama, Scott Brown, Sequestration, The Stakes for the 2014 Election by Admin1

Brown- StrasselFinally we hear Scott Brown hitting a home run on Sequestration.  He rightly points out that Barack Hussein Obama conceived and created  Sequestration. While he was still serving in the Senate, the leaders Harry Reid and Mitch McConnell both told him that Sequestration would never happen!

Jon Scott: And here we are with the White House closed to school kids The Administration can’t find a better way to save a couple of bucks?

Scott Brown: Listen, the bottom line is the Republicans have offered, and it makes common sense that the president should have what is called “Transfer Authority”.  The ability to get in there and Kind of reopen and tweak the Sequester in a whole, and actually delegate  – do thoughtful, judicious, methodical cuts. For example in the military, they need that. Give it to Heigl.  Let him go in with a fine tooth-comb,  no a scalpel I should say, to make the cuts that you need to make.

The President does not want this authority [“Transfer Authority”] because he wants to make the Republicans look bad. Everybody knows it and it’s time to show real leadership.”

THE WALL STREET JOURNAL – POTOMAC  watch: March 8, 2013, 9:29 a.m. ET

Strassel: Jumping the Sequester

By KIMBERLEY A. STRASSEL

When the president canceled White House tours, he revealed his claims as ludicrous.

The phrase “jumping the shark” describes that gimmicky moment when something once considered significant is exposed as ludicrous. This is the week the White House jumped the sequester.

The precise moment came Tuesday, when the administration announced that it was canceling public tours of the White House, blaming budget cuts.

The Sequesterer in Chief has insisted that cutting even $44 billion from this fiscal year will cause agonizing pain—airport security snarls, uninspected meat, uneducated children. Since none of those things has come to pass, the White House decided it needed an immediate and high-profile way of making its point. Ergo, it would deny the nation’s school kids a chance to view a symbol of America.

The act was designed to spark outrage against Republicans, yet the sheer pettiness of it instead provided a moment of clarity. Americans might not understand the technicalities of sequester, but this was something else entirely. Was the president actually claiming there was not a single other government item—not one—that could be cut instead of the White House tours? Really?

image

image

St. Paul’s Lutheran SchoolSixth-graders at St. Paul’s Lutheran School in Waverly, Iowa.

The cancellations were an open invitation for the nation to dive into the gory depths of the federal budget—and re-emerge with a debate over waste and priorities. Over the past week, an entire cottage industry has sprung up of journalists, watchdog groups and average citizens reporting on the absurdities of federal spending. Republicans have lit up Twitter with examples of indefensible projects (#SequesterThis).

We’ve learned that the White House employs three calligraphers, who cumulatively earn $277,000 a year. The Environmental Protection Agency gave $141,000 to fund a Chinese study on swine manure. Part of a $325,000 National Science Foundation outlay went to building a robotic squirrel.

The government gave a $3,700 grant to build a miniature street in West Virginia—out of Legos. It shelled out $500,000 to support specialty shampoo products for cats and dogs. A San Diego outfit got $10,000 for trolley dancing. The feds last year held 894 conferences that each cost more than $100,000—$340 million altogether. But Mr. Obama is too broke to let American kids look around the White House.

Related Video Available at WSJ Online

Columnist Kim Strassel on how the world did and will not end because of sequester.

Speaking of that, the tour stunt itself is turning into a PR fiasco. ABC reports the cancellations save a total of $18,000 a week. A Forbes opinion piece noted the cost of cutting the tours was equal to about two hours operating Air Force One. Speaker John Boehner twisted the knife, announcing that while Congress was also getting hit by sequester, it had planned wisely, and tours of the Capitol would continue. Come on down folks! Visit the government branch that knows how to prioritize!

To top it off, a group of cherubic sixth-graders from St. Paul’s Lutheran School in Waverly, Iowa, became a national sensation in a YouTube video pleading with the White House to reopen tours. “The White House is our house. Please let us visit,” they beg in unison. The White House hasn’t yet responded, no doubt being too busy overseeing its $27 million project that helped fund pottery classes in Morocco. (No joke.)

This is the opportunity Republicans have been pushing for, to pivot the sequester discussion to the problem of spending, and they are taking a lead from Oklahoma Sen. Tom Coburn. This was the guy, remember, who in 2005 offered an amendment to remove funds from a little thing he called the Alaskan “Bridge to Nowhere” and to divert them to a vital bridge destroyed by Hurricane Katrina. The Bridge to Nowhere became such an embarrassing symbol of waste, Congress ultimately gave up earmarks.

Not all Republicans appreciated that episode, but they took away a couple of valuable political lessons. One, the public responds strongly to examples of waste. And two, the way to claim the high ground in such a debate is to contrast that waste with projects of real importance (like the Katrina bridge). Both lessons are tailor-made for today’s sequester fight.

Sen. Coburn himself has daily been sending letters to federal agencies, demanding that they justify their decisions to furlough existing workers rather than forgo new hires or fancy conferences. His efforts were one reason the Department of Agriculture spent this week stuttering out a justification for its sponsorship of a wine junket in California.

Utah Sen. Mike Lee has been producing graphics that show, for instance, pictures of free government cellphones next to pictures of border agents—with the Twitter tag #CutThisNotThat. Since late February, the House GOP has been highlighting its own #CutWaste projects, each of which contrasts Mr. Obama’s call for taxes with an example of embarrassing government outlays.

The White House’s shark-jumping moment has given these efforts new attention and threatens to take the sequester debate to a place this overconfident administration never imagined. The whole point of the White House’s effort to make the cuts hurt was to convince Americans that they couldn’t live without big, sweeping government. Now Americans are asking how the White House justifies living with it.

Read More: http://online.wsj.com/article/SB10001424127887323628804578346811646984052.html#articleTabs%3Dvideo

Write to kim@wsj.com


 

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12 Things That Just Happened That Show The Next Wave Of The Economic Collapse Is Almost Here

March 4, 2013 in 2nd Amendment, Abuse of Power, America's Collapse, America's Heritage, Congress, Constitution, Cooking the Books, Deval Patrick, Economic Deception, Generational Theft, Gun Control, Intimidation, Liars, Liberty, Liberty in Jeopardy, Obamanation, Patriotism, Political Deception, Political Incompetence, President Obama, Propaganda, Quantitative Easing, Sequestration, US Sovereignty by Admin1

Mark SteynOur government is lying to us. The reason Barack Hussein Obama began his strategy of “Blame” over “Sequestration” is because he knows that the economic collapse of the US economy is coming and he needs a scapegoat! His “full court press” in the media is perpetuating his grievous “lie” that an “Itsy Bitsy Teeny Weeny” Sequestration cut will cause catastrophic damage to our economy.

Besides the following article, other independent economists, who, using the same data as our US Bureau of  Labor Statistics reach the entirely different conclusion that our unemployment rates are INCREASING, not DECREASING. 

Thomas Jefferson said that, To preserve our independence, we must not let our rulers load us down with perpetual debt….I am for a government rigorously frugal and simple.”  We have thrown his warnings to the wind and now because of our economic gluttony of QE1, QE2, QE3, QE4 etc., face the loss of our Independence and sovereignty as well. 

Folks, an economic collapse will place our  Bill of Rights and our Constitution in grave jeopardy! The dumbing down of  our last generation has left them without an understanding of the source of the Rights  that they enjoy.

Without the Bill of Rights,  our 2nd Amendment and our ability to protect and preserve our Constitution and our “Natural Rights” will be abolished.  All of the proposed  State and Federal Gun Laws being proposed would have practically no affect on stopping incidents like Newtown while having a vital affect on our Constitutional right to preserve and protect our families and country.   

This is a time for action! Don’t allow either the Obama or  the Patrick Administrations to take away any more of your Constitutional Rights! Call your State and Senators and representatives and tell them NO on Unconstitutional Gun Control measures and  on our “drunken sailor” Spending. 

12 Things That Just Happened That Show The Next Wave Of The Economic Collapse Is Almost Here

 By Michael, on March 3rd, 2013�

12 Things That Just Happened That Show The Next Wave Of The Economic Collapse Is Almost HereAre we running out of time?  For the last several years, we have been living in a false bubble of hope that has been fueled by massive amounts of debt and bailout money.  This illusion of economic stability has convinced most people that the great economic crisis of 2008 was just an “aberration” and that now things are back to normal.  Unfortunately, that is not the case at all.  The truth is that the financial crash of 2008 was just the first wave of our economic troubles.  We have not even come close to recovering from that wave, and the next wave of the economic collapse is rapidly approaching.  Our economy is like a giant sand castle that has been built on a foundation of debt and toilet paper currency.  As each wave of the crisis hits us, the solutions that our leaders will present to us will involve even more debt and even more money printing.  And each time, those “solutions” will only make our problems even worse.  Right now, events are unfolding in Europe and in the United States that are pushing us toward the next major crisis moment.  I sincerely hope that we have some more time before the next crisis overwhelms us, but as you will see, time is rapidly running out.

The following are 12 things that just happened that show the next wave of the economic collapse is almost here…

#1 According to TrimTab’s CEO Charles Biderman, corporate insider purchases of stock have hit an all-time low, and the ratio of corporate insider selling to corporate insider buying has now reached an astounding 50 to 1….

While retail is being told to buy-buy-buy, Biderman exclaims that “insiders at U.S. companies have bought the least amount of shares in any one month,” and that the ratio of insider selling to buying is now 50-to-1 – a monthly record.

#2 On Friday we learned that personal income in the United States experienced its largest one month decline in 20 years

Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That’s the most dramatic decline since January 1993, according to the Commerce Department.

#3 In a stunning move, Michigan Governor Rick Snyder says that he will appoint an emergency financial manager to take care of Detroit’s financial affairs…

Snyder, 54, took a step he avoided a year ago, empowering an emergency financial manager who can sweep aside union contracts, sell municipal assets, restructure services and reorder finances. He announced the move yesterday at a public meeting in Detroit.

If this does not work, Detroit will almost certainly have to declare bankruptcy.  If that happens, it will be the largest municipal bankruptcy in U.S. history.

#4 On Friday it was announced that the unemployment rate in Italy had risen to 11.7 percent.  That was a huge jump from 11.3 percent the previous month, and Italy now has the highest unemployment rate that it has experienced in 21 years.

#5 The youth unemployment rate in Italy has risen to a new all-time record high of 38.7 percent.

#6 On Friday it was announced that the unemployment rate in the eurozone as a whole had just hit a brand new record high of 11.9 percent.

#7 On Friday it was announced that the unemployment rate in Greece has now reached 27 percent, and it is being projected that it will reach30 percent by the end of the year.

#8 The youth unemployment rate in Greece is now an almost unbelievable 59.4 percent.

#9 On Saturday, hundreds of thousands of protesters filled the streets of Lisbon and other Portuguese cities to protest the austerity measures that are being imposed upon them.  It was reportedly the largest protest in the history of Portugal.

#10 According to Goldman Sachs, bank deposits declined all over Europe during the month of January.

#11 Over the weekend, the deputy governor of China’s central bank declared that China is prepared for a “currency war“…

A top Chinese banker said Beijing is “fully prepared” for a currency war as he urged the world to abide by a consensus reached by the G20 to avert confrontation, state media reported on Saturday.

Yi Gang, deputy governor of China’s central bank, issued the call after G20 finance ministers last month moved to calm fears of a looming war on the currency markets at a meeting in Moscow.

Those fears have largely been fuelled by the recent steep decline in the Japanese yen, which critics have accused Tokyo of manipulating to give its manufacturers a competitive edge in key export markets over Asian rivals.

#12 Italy is an economic basket case at this point, and the political gridlock in Italy is certainly not helping matters.  Former comedian Beppe Grillo’s party could potentially tip the balance of power one way or the other in Italy, and over the weekend he made some comments that are really shaking things up over in Europe.  For one thing, he is suggesting that Italy should hold a referendum on the euro…

“I am a strong advocate of Europe. I am in favor of an online referendum on the euro,” Beppe Grillo told Bild am Sonntag.

Such a vote would not be legally binding in Italy, where referendums can only be used to repeal laws or parts of laws, but would carry political weight. Grillo has said in the past that membership of the euro should be up to the Italian people.

In addition, Grillo is also suggesting that Italy’s debt has gotten so large that renegotiation is the only option…

In an interview with a German magazine published on Saturday, Mr Grillo said that “if conditions do not change” Italy “will want” to leave the euro and return to its former national currency.

The 64-year-old comic-turned-political activist also said Italy needs to renegotiate its €2 trillion debt.

At 127 per cent of gross domestic product (GDP), it is the highest in the euro zone after Greece.

“Right now we are being crushed, not by the euro, but by our debt. When the interest payments reach €100 billion a year, we’re dead. There’s no alternative,” he told Focus, a weekly news magazine.

He said Italy was in such dire economic straits that “in six months, we will no longer be able to pay pensions and the wages of public employees.”

And of course government debt has taken center stage in the United States as well.

The sequester cuts have now gone into effect, and they will definitely have an effect on the U.S. economy.  Of course that effect will not be nearly as dramatic as many Democrats are suggesting, but without a doubt those cuts will cause the U.S. economy to slow down a bit.

And of course the U.S. economy has already been showing plenty of signs of slowing down lately.  If you doubt this, please see my previous article entitled “Consumer Spending Drought: 16 Signs That The Middle Class Is Running Out Of Money“.

So what comes next?

Well, everyone should keep watching Europe very closely, and it will also be important to keep an eye on Wall Street.  There are a whole bunch of indications that the stock market is at or near a peak.  For example, just check out what one prominent stock market analyst recently had to say

“Every reliable technical tool is warning of major peaking action,” said Walter Zimmerman, the senior technical analyst at United-ICAP. “This includes sentiment, momentum, classical chart patterns, and Elliott wave analysis.

“Most of the rally in the stock market since 2009 can be chalked up to the Federal Reserve’s attempt to create a ‘wealth effect’ through higher stock market prices. This only exacerbates the downside risk. Why? The stock market no is longer a lead indicator for the economy. It is instead reflecting  Fed manipulation. Pushing the stock market higher while the real economy languishes has resulted in another bubble.

“The next leg down will not be a partial correction of the advance since the 2009 lows. It will be another major financial crisis. The worst is yet to come.”

Sadly, most people will continue to deny that anything is wrong until it is far too late.

Many areas of Europe are already experiencing economic depression, and it is only a matter of time before the U.S. follows suit.

Time is running out, and I hope that you are getting ready.

So what do you think?

How much time do you believe that we have left before the next wave of the economic collapse strikes?

 

Jeff Rowley Big Wave Surfer wipeout Photo Jaws Peahi by Xvolution Media

Read more at:  http://theeconomiccollapseblog.com/


 

 

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Just Another Obama Lie Which He Hopes Will Cause Republicans to Cave on Sequestration

February 27, 2013 in Abuse of Power, Anarchist, Debt Crisis, dictator, Economic Deception, Fiscal Cliff, Generational Theft, Indoctrination, Intimidation, Liars, Obamanation, Political Deception, President Obama, Propaganda, Redistribution of Wealth, Socialist, Treason, White House Fraud, Who Is Barack Hussein Obama? by Admin1

Barack Hussein Obama invented Sequestration

Obama LaughingNow it looks like Obama and his Thugs miscalculated on Sequestration. They have been using the imminent implementation of Sequestration to conspire with their media minions  in attempting to coerce the Republicans to once again cave to  Community organizer’s wicked lying  propaganda rants that have increased in volume and intensity as we approach the February 1st implementation.

The Republicans didn’t cave immediately and thereby created  a potentially disastrous political dilemma for Our Dear Leader. His political cohorts are telling him that if Sequestration becomes effective and the sky doesn’t fall, Barack will have a sever credibly problem, even among his loyal supporters.

If you take a look at the GDP math below that shows about a half cent hit for every non sequestrated GDP dollar, or even if you don’t, there is only one unquestionable conclusion that becomes evident.

Obama’s rants on Sequestration are a contrived comedy about  “Much A do about Nothing ”

That’s Right! There is no appreciable affect on our economy, even if he jawbone’s Ben Bernake  into saying so!

Call Your Senators and Representatives and tell them to let Sequestration to go into affect so that we can bring our $16.6T ever increasing Debt Crisis under control!

Analyses of Sequestration Affect on 2013 GDP:

The size of a nation’s economy is the total value of the spending on goods and services in the nation in a year. This spending occurs in the form of transactions within and between these three sectors. The flip side of this spending is production, because you can buy only what has been produced. So we can also measure an economy based on its production. Therefore, when you add up all of these transactions—and the value of foreign trade—the result is gross domestic product, or GDP. The formula for GDP is:

GDP = C + I + G + (Ex – Im)

where “C” equals spending by consumers,
“I” equals investment by businesses,
“G” equals government spending and
“(Ex – Im)” equals net exports, that is, the value of exports minus imports. Net exports may be negative.

According to Infoplease the  composition of GDP breaks down roughly as follows:

Consumption:   65%

Investment:       15%

Government:     20%

Net Exports:     0.0%

The CBO Projection for 2013 GDP is $16.198Trillion

2013 without Sequestration

C = $16.198T X .65 =10.5287 Trillion

G = $16.198T X .2 = $3.2396 Trillion

I =  $16.198T  X .15 =$2.4297 Trillion

2013 with Sequestration  

- Assumes that the only variable is the $85B removed from  G, the Government Budget Contribution  while  C, I  remain constant

$16.198T – .085T =$16.113 T

C = $10.5287 Trillion

G = $3.2396T- .$085T = $ 3.1546 Trillion

I =  $2.4297 Trillion

What is the affect of Sequestration on GDP?

(Sequestration GDP  divided by Non-Sequestration GDP   minus 1) x 100 = Percent

($16.113T/ $16.198T) -1  = 0.0099 = .99% or about 1%

The $85B in Sequestration would reduce GDP by 1-cent for  every dollar of a  Non Sequestration GDP.

 

Since one-half of the $85T in Sequestration is slated for FY 2014, Sequestration will reduce the  FY 2013 Sequestration GDP  by about one-half a penny  for every  Non Sequestration dollar.


 

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If Sequestration is Repealed, Will America Become the Next Weimar Republic?

February 24, 2013 in Abuse of Power, Debt Crisis, Debt Limit, Economic Deception, Economy, Fiscal Cliff, President Obama, Sequestration by Admin1

hyperinflation1The Weimar Republic is the name given to the federal republic and parliamentary representative democracy established in 1919 in Germany to replace its pre-WWI imperial form of government. It was named after Weimar, the city where the constitutional assembly took place. The Weimar‘s Constitution was signed on August 11, 1919 and was deposed by Hitler’s Third Reich ascendency in February/March 1933. During its fourteen year existence the Weimar Republic was burdened by hefty reparations imposed by the victors of WWI, political extremist from both the Left and Right as well as rampant hyperinflation that permitted Hitler to seize power  and dissolve the Constitution.  The caption below the above photo of a one Hundred Million Mark note[A mark was equivalent to our $1-dollar bill] reads:  In 1923, a German housewife burned mark notes in her kitchen stove since it was cheaper to burn marks than to buy firewood.

 

 

weimar-wheelbarrow-1-loaf-breadThe vision most vividly embedded into the minds of  school children studying the era is one of a wheelbarrow filled with thousands or millions of marks  to purchase a single loaf of bread! The photo at left taken during this period, depicts that scenario.

When Barack Hussein Obama came into office, our FY2009  Budget stood at $3.1Trillion. Today the FY2013 Budget is at $3.8Trillion. Sequestration, which is a program devised by President Obama, cuts $85B across-the-board from THE RATE OF INCREASE of theFY2012 budge of 3.72Trillion. It DOES NOT DECREASE  the FY2013 total budget amount from that of FY2012. Of the phantom $85B in cuts, half isslated to be  removed from Defense Spending  and half from Entitlement Spending. The $85B in phantom cuts represents measly 2.2% of our $3.8T Budget.

The FY2013 Budget consists of 60% Mandatory Spending and 40% Discretionary Spending. Mandatory spending is spending that is required under existing law. In passing, it needs to be noted that while Defense spending represents 19% of the FY2012 Budget, it is slated for 50% of the FY2013 Sequestration cuts.

Last Fall, Jim Rogers, the founder of Rogers International Commodity Index and economic guru,” predicted that America is headed to a “Financial Armageddon”. Rogers stated  that he was absolutely convinced that the economy would burst soon after the election. He  also stated that he has never been a supporter of the policy of quantitative easing.[ The Federal Reserve can just create dollars out of thin air by buying up assets like long-term Treasuries or mortgage-backed securities from commercial banks and other institutions. These "thin air" dollars created by the Federal Reserve flow into the banks, and in turn are pumped into the U.S. economy and ultimately reduce our long-term interest rates. The theory is that when long-term interest rates go down, investors  have a greater incentive to spend their money.] Jim Rogers is also quite certain that our Government needs to cut spending in order to reduce our burgeoning debt. Rogers also stated that German Chancellor Angela Marker and Obama were promoting policies which were just another disguise for hiding the real state of their economies.

www.usgovernmentpending.com is estimating that the US debt to GDP will exceed 100% for 2012.  Two American economists, Carmen Reinhardt and Ken Rogoff, argue that growth slows sharply in countries where the ratio of debt to GDP exceeds 90 percent.

So there you have it. Barack Hussein Obama is jawboning Congress about Sequestration, seeking even  more deficit spending that will most certainly result in even slower growth, less jobs and further US credit rating downgrades.  Are you going to push back on the President and his propaganda squads and support a strong America, or are you going to sit idly by and watch our economy and country slide further into the abyss?

 

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Sequestration: The Facts About the Policy

February 19, 2013 in Debt Crisis, Debt Limit, Economic Deception, Economy, Political Deception, Political Incompetence, Propaganda, Redistribution of Wealth, Sequestration, White House Fraud by Admin1

Islam ThreatSequestration does not cut spending, it simply reduces the rate-of-increased  spending

The Military is 1/4 of the Budget  yet it is taking 1/2 of the Sequestration Budget Hits

America at Risk: Budget Cuts Threaten Military Readiness

Sequester Main Points:

On the sequester “cuts” not being real cuts:
  • The so-called sequester “cuts” aren’t even real cuts! This year the government will spend more of your money than they did last year, and next year they will spend even more. If you spent more money year after year, you wouldn’t say you were cutting spending, so why does Washington get away with it?
  • Overspending is overspending, no matter which way you look at it. Spending $800 that you don’t have on your credit card instead of $1000, doesn’t mean you cut $200 of spending. It means you’re still overspending by $800.
  • Only an extremist would want to stop the sequester. As the National Taxpayers Union said, it is a starting point, not a finish line. Politicians will never actually cut spending if we let the spending radicals like Nancy Pelosi stop us from taking this small step forward.
  • The amount of the so-called “cuts” would be enough to run the government for only 4.5 days, and the spending radicals like Nancy Pelosi and Harry Reid want us to believe that the sequester will be “devastating.”

On the President’s flip-flop:

  • As the president’s own press secretary admitted, the sequester was President Obama’s idea in the first place. American families are tired of him playing politics and blaming others for his own ideas.
  • In July 2011, a White House fact sheet praised the deal that gave us the sequester as “a win for the economy and budget discipline.” At the time, President Obama said it didn’t impact the middle class or working families. Now he says it does. He was either lying then, or he’s lying now.

 Other points:

  • What is the sequester anyway? In a nutshell, the sequester is a deal that the President signed into law that says the government will overspend a little less this year than they did last year. That’s it. So they’re still overspending.
  • A recent poll conducted by Anderson Robbins Research and Shaw & Company Research shows that 73% of Americans want the government to cut spending, while only 15% want increased spending. The time is now to do what the majority of the American people want done.
  • Everyone agrees that we need to reduce the deficit. Let’s start now by keeping the sequester in place, and making the politicians keep their promises, and uphold the laws they pass.
  • We need to become an economically sustainable nation. The sequester is a step in the right direction. Don’t let politicians and their well-connected friends stop this little bit of badly-needed progress.
  • Recently, Nancy Pelosi said that cutting Congressional pay would undermine their “dignity.” Could she be any more insulting? What about the dignity of the millions of Americans that are still out of work? Or the dignity of younger generations that will be burdened by the massive debt that paid politicians like Nancy Pelosi have racked up? What’s undignified is making a promise to the American people that you will cut spending and then trying to weasel your way out of it when the time comes, hoping that you’ll be retired before the bills come due.

 

The Heritage Foundation

Morning Bell: Spending Cuts Are Happening, One Way or Another

Amy Payne February 19, 2013 at 7:32 am

Federal budget cuts called “sequestration” are scheduled to hit in just 10 days. The sequestration cuts are not perfect—they’re a blunt instrument to cut spending, rather than a deliberative plan that sets priorities, trims entitlements, and cuts other spending. But they are law. It would be better to replace them with smarter cuts, but the reality is that Washington has to start cutting spending now. Real program reforms and a balanced budget are the only way to solve our continuing fiscal crises. So it is critical that Congress keep its word and follow through on these spending cuts to prove it is serious about bringing our budget into balance over the next 10 years. Now that the March 1 deadline is approaching, the President is urging Congress to offset the sequestration budget cuts with more tax increases. That’s simply unacceptable, says Heritage’s Grover M. Hermann Senior Fellow in Federal Budgetary Affairs, Patrick Louis Knudsen: “President Obama has already pocketed a $618 billion tax increase, so simply holding the line against taxes is a given.” Lawmakers shouldn’t be fooled by the President’s rhetoric on a “balanced” approach to sequestration or any other budget issue—that simply means he’s looking to raise taxes again. Instead, they should be focusing on true balance—balancing the federal budget in the next 10 years. Producing a budget would be a start, but balancing that budget is the way to put the country back on track. Knudsen explains:

Government spending and debt are both too high, and thisthreatens all Americans with a weaker economy and a lower standard of living. Every opportunity to reduce spending and put the government on the path to a balanced budget must be taken. Anything less is a path to defeat.

We need spending cuts that are targeted to the programs that need reforms—the entitlements that are the major drivers of our growing deficit. Sequestration leaves many programs like Social Security, welfare, food stamps, and Medicaid untouched, while having devastating effects on national security. Trying to use defense cuts to balance the out-of-control entitlement spending while we still face growing threats (Russia, China, Iran, and al-Qaeda affiliates) is a fool’s errand that will create a hollow military and do nothing to fix economic troubles. But if Congress does not replace the sequestration cuts with smarter cuts—like eliminating Obamacare funding or other ineffective programs—then the sequestration cuts will be our first step toward getting serious about federal spending. The Foundry: Conservative Policy News Blog from The Heritage Foundation


 

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Barack Hussein Obama Settles the Score with S&P

February 5, 2013 in Abuse of Power, Budget, Debt Crisis, Economic Deception, Economy, Obama-Nomics, President Obama, Socialism, The Hope and The Change by Admin1

S&POn August 5th 2011 in an unprecedented move, the  Standard & Poors Rating Agency lowered the Debt Rating of the United States from AAA to AA+. The lowered rating represented the first downgrade in 70 years and was preceded by numerous warnings to our government that the unprecedented Debt by the Obama Administration was crippling our economy and”..had grown increasingly skeptical that Washington policy makers would make significant progress in reducing the deficit, given the tortured talks over raising the debt ceiling.”

“S&P said the downgrade “reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.” It also blamed the weakened “effectiveness, stability, and predictability” of U.S. policy making and political institutions at a time when challenges are mounting. ”

S&P also put the new grade on “negative outlook,” meaning the U.S. has little chance of regaining the top rating in the near term.”

Barack Hussein Obama is now jawboning Congress  for even more fiscally irresponsible  $Trillions in debt to satisfy his lust for a a new Socialist Order in America and this lawsuit appears to be a warning shot across the bow of S&P.

It will also serve as a warning to the other Rating Agencies not to challenge the Obama Administrations  continuing black hole Debt lest they too succumb to the same fate that faces S&P .


 

 

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The Party’s over! We’re like “Greece on Steroids”

January 30, 2013 in 2012 Election, Abuse of Power, America's Collapse, Benghazi Gate, Constitution, Economic Deception, Economy, Liars, Liberty in Jeopardy, Political Deception, President Obama, The Grand Deception, Who Is Barack Hussein Obama? by Admin1

Our Economy contracted -0.1% in the Last Quarter and the lamestream media is either yawning or rationalizing that there is no reason for panic or alarm! They excuse our precipitous GDP downturn even though the Barack Hussein Obama Administration injected enormous amounts of (borrowed) stimulus   money into the quarter to bolster his election campaign. 

 According to a Money News article yesterday, Controversial Interview Exposes 5 Signs Stocks Will Collapse in 2013 The Obama Campaign was accused of dirty tricks for banning a video that portrayed our economy in a negative light. 

“After putting $803,436 in Obama’s re-election campaign, a media giant attempted to keep Americans from seeing the video by banning it from their sites,” stated Aaron DeHoog, the financial publisher who is unapologetic for the release of controversial footage that has gained international attention.

The Obama Campaign outright LIED to us as this October 26 report will show:

“While we have more work to do, today’s GDP growth report, showing the 13th straight quarter of growth, is more evidence that our economy continues to come back from the worst recession since the Great Depression under President Obama’s leadership,” Obama campaign spokesman Adam Fetcher said in a statement.

Meanwhile the Middle and Upper Class along with businesses face even a greater economic challenge this quarter with Federal State and Local government’s out of control spending and the piling on of new taxes to confiscate even more of our treasure so as to  replenish their constituency’s  depleted political campaign coffers.

Meanwhile, “We the People” get the funny end of the lollipop stuck to us. Can we believe anything that this Administration says about our Economy, about the Fiscal Cliff, about the Debt Ceiling, about our Military, about Benghazi, about Terrorism, about National Security, about, Israel, about Gun Control, about the Environment, about Global Warming, about Illegal Immigration, about redistribution of Wealth, about Iran’s Nuclear Threat, about UN Treaties  …?

You be the Judge.

NEGATIVE GROWTH: ECONOMY TANKS IN FOURTH QUARTER


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Yesterday, Breitbart News reported that consumer confidencehad dropped to its lowest level in almost two years. Much of the media spun the number as the result of a payroll tax increase that hit millions who were repeatedly told by Obama that only the rich would see their taxes increase. Surprise! But the spin didn’t explain why consumer confidence had steadily dropped during the months prior. Well, now we know: The American economy has taken a nosedive.

For the first time in over three years, the U.S. Gross Domestic Product shrank. Between October and December of 2012, the GDP had a negative growth of 0.1. And let’s remember that this is the same quarter where we saw the media go into hyper-drive to spin Obama’s anemic job and GDP growth into a repeat of the Roaring Twenties.

The problem with the American economy is that Obama and his media can’t fool it. Happy talk and spin and distractions about contraception don’t create jobs or growth. You might be able to fool legions of people into voting a certain way, but you can’t fool them into spending and hiring and investing.

Apparently, though, the media and Obama have managed to fool themselves. Even theWall Street Journal calls today’s news “unexpected.” And anyone who watched Obama’s Inauguration speech knows that his failed economy and the millions suffering in it are either not on his radar or of no concern whatsoever. Obama spoke of many things, but not the economy. He’s in a war to win the culture, not to win anyone a job to lift them out of poverty.

The media is just as bad. The biggest story in our country today should be the increase in poverty and an unemployment crisis so dire our labor force has shrunk to thirty-year lows. But neither will speak of it. We do, however, know all about some idiot and his phony girlfriend. We know all about a “heckle” that didn’t happen. One wonders which is the bread and which is the circus.

The pickle both Obama and the media have put themselves in, though, is this: If either makes the economy a priority, that’s an admission Obama’s economy is in trouble. And so we find ourselves in a situation we’ve seen in other countries where the state and media have aligned — a situation where we’re told a bad economy is a good economy, and the victims of this propaganda are those suffering in a bad economy no one wants to admit exists.

Already the media’s spinning this GDP report in a way that says our economy tanked because the government didn’t spend enough. That’s right, annual trillion dollar deficits for as far as the eye can see, but the media push to protect the State from blame and to use this terrible news as a way to further grow the State, is already on.

NBC’s Chief White House Correspondent, Chuck Todd, just assured America this was a one-time economic anomaly and that prosperity is right around the corner. If a job had been created every time a member of Obama’s media said this, we’d have full employment today.

We live in interesting and dangerous times.

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A Shocking New Poll Indicates that Barack Obama has led the nation into a “full-on depression,”

January 19, 2013 in Abuse of Power, America's Collapse, Debt Limit, Depression, Economic Deception, Economy, ObamaCare, Obamanation, President Obama, Socialism, Who Is Barack Hussein Obama? by Admin1

 

WND EXCLUSIVE

OBAMA LEADING NATION INTO ‘FULL-ON DEPRESSION’

Pollster: ‘I cannot remember a time when America was this despondent’

January 19, 2013

by BOB UNRUH

 

Bob Unruh joined WND in 2006 after nearly three decades with the Associated Press, as well as several Upper Midwest newspapers, where he covered everything from legislative battles and sports to tornadoes and homicidal survivalists. He is also a photographer whose scenic work has been used commercially.

 

Editor’s note: This is another in a series of “WND/WENZEL POLLS” conducted exclusively for WND by the public-opinion research and media consulting company Wenzel Strategies.

obama1Barack Obama has led the nation into a “full-on depression,” according to a new poll that indicates only one in three people believes America is going in the right direction.

The poll shows a whopping 38 percent of Democrats believe America in general is “on the wrong track” or they are not sure.

The results are from a telephone poll conducted for WND by the public-opinion research and media consulting company Wenzel Strategies. It was taken Jan. 9-12 and carries a margin of error of plus or minus 3.22 percentage points.

On the basic question, 34 percent said the nation is going the right direction, 60 percent said America is on the wrong track and 6 percent said they were unsure.

The 60 percent included an overwhelming 84 percent of Republicans, a strong 66 percent majority of independents and even 30 percent of the Democrats.

“At the beginning of a second presidential term, you generally expect the country to be in full-bore optimism, in part as an endorsement of the re-elected president and in part a reflection of the nation settled in its current course,” said Fritz Wenzel, president of his strategies organization.

“We saw that with Reagan, we saw that with Clinton, and we saw that with George W. Bush. But that is not what we find with Obama,” he said.

“The country is already in full-on depression, as just 34 percent said they think things in America are headed in the right direction. Even among Democrats, just 62 percent said they think things are headed in the right direction, an abysmal figure for the president’s own fellow party members.”

He continued: “There is just no sugar-coating this – America may have liked Obama more than Romney, but they have no confidence in his leadership. This spells nothing but tough sledding for the nation over the next four years. Politically, it’s bound to get very ugly as the nation continues in a downward spiral and leaders in Washington point fingers across the political aisle. Forget solutions and reform for the next four years – the only thing coming from Washington will be blame for our sorry condition. This survey finding reflects that the nation is in the process of giving up hope.”

Even among those who called themselves “very liberal,” only 59 percent approve of the direction the nation is moving. At the opposite end of the scale, 90 percent of the “very conservative” said the nation is going down the wrong path.

Only 45 percent of Americans believe the nation’s best days still are ahead. Fifty-five percent said they are long gone.

“I cannot remember a time when America was this despondent. Our survey shows 55 percent of American adults believe America’s best days are now behind us, while just 45 percent said they think the brightest days are still ahead,” said Wenzel.

“Here we are, four years into a recession, with Washington acting – and spending – like the economy is booming and everything is rosy. This shocking disconnect between Washington leaders and the American public has perhaps never been greater,” he said.

“This finding is undoubtedly a reflection of the belief among most Americans that their leader has lost his way. Or maybe they just think that he doesn’t believe in America as that shining city on a hill, and so have lost their hope in their own country. It could very well be, at least for some, a despondent reaction to his re-election and the in-your-face attitude that the White House has adopted in dealing with the Congress in general, Republicans in Washington in particular, and Obama’s callous disregard for the massive problems that are about to destroy our nation,” Wenzel said.

“His first solution to every problem is to increase government spending and regulation, which Americans have consistently rejected. A majority still opposes Obamacare, and a majority opposed TARP and auto bailout. The idea that the nation may well have passed the point of no return in many areas may well be behind this shocking poll finding.”

Another section of the same poll revealed that there is a “shocking willingness” on the part of Americans to give up their privacy and freedoms for the sake of “safety.” It showed that while 61 percent say domestic drones violate privacy rights, 20 percent of the people are just fine with the idea. Further, 46 percent said local governments should use cameras to monitor traffic.

In related research, Wenzel also found that one in seven Americans sees a dictator in the nation’s future, and another one in five says it eventually will break up into several sovereign regions.

 

The survey revealed that more than one in four believe the United States likely will collapse not just in their lifetime, but in the next decade.

 

Also, Wenzel earlier revealed that the seeds of tyranny already are present in America, with a heavily armed law enforcement presence and a population holding a disbelief that their government could do anything that would make them want to revolt.

See detailed results of survey questions:

Thinking about how things are going here in America, would you say things, in general, are headed in the right direction, or do you think things are off on the wrong track?

Thinking about the country’s future, do you think America’s best days are still yet to come, oro do you think our best days are now behind us?

Read more at http://www.wnd.com/2013/01/obama-leading-nation-into-full-on-depression/#yoSA4M8G5QeYOvwo.99

 

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by Admin1

The Debt Limit and Generational Theft – Should We Prosecute the Criminals?

January 16, 2013 in America's Collapse, Congress, Debt Limit, Economic, Economic Deception, Economy, Generational Theft, Obama-Nomics, Obamanation, President Obama by Admin1

 

obama1Barack Hussein Obama’s agenda is to demonize fiscal conservatives so they he can continue to give away “Obama phones” from his “stash” to his constituency. Actually his “stash” is a bunch of generational IOUs to our children and grandchildren that won’t be worth the paper their printed on.

Let’s try to break down the consequences of Obama’s fondness for a disgraceful Spending  appetite.

The Annual Income to Federal Government $2.2 trillion

Obama will Spend$3.8 trillion in the coming fiscal year.

The Debt for this year alone $1.6 trillion

The national debt is $16.5 trillion

 

Since Trillions are too big for people to comprehend let’ s strike the last 8 zeros and treat these Federal figures as if they were being used in your household.

 

$38,000 Spending  - $ 22,000 Income = $16,000 Household deficit spending this year

Or:

$165,000 Cumulative debt + $16,000 Current Debt = $181,000 Total Cumulative Household Debt

This is a Problem!!!

 

The Total Cuts in the recent Budget Control Act were 38.5 billion.

 

Strike the zeros and it takes the cuts amount to a measly $38.50 from the household Deficit debt this year or:

 

 $16,000 – $38.50 = $15,961.50 Your Household Deficit spending for this year alone

$165000 + $15,961.50 = $180,961.50 Total Cumulative  Household Debt

Yes this is the Obama Math in play. How long could you or would your creditors allow you to rack up these credit card charges without forcing you into bankruptcy? Yet we have been doing just this for decades now. Once our creditors acknowledge our inability to pay off our debt, our interest rate, as we have seen in Greece, will be so onerous that there will be riots in the streets when basic government necessities can no longer be provided. We’re not talking about “Obama phones”, but rather necessities like food medicine etc.

Our federal government can and must do better than that.

Whenever the President and Congress talk about Borrowing, we should look at it in household terms.  In the above example it should be evident to all, that there is really no real ability and therefore no real intention to pay back the accumulated $15,961.50 debt.

Borrowing is when you ask a lender to give you money and based upon your financial position, he agrees and you agree to pay it back in some predetermined term  at an agreed upon interest rate.

What is occurring in the above example and what the Obama Administration is advocating is generational theft from our Children and grandchildren who have no voice in the matter!

This generational borrowing is stealing, and criminal behavior that must be punished because we must  Stop Stealing from our Children and Stop the Overspending.

 

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by Admin1

Sandy Provides Congress with a Path Towards Even More Pork Barrel Legislation!

January 15, 2013 in Budget, Congress, Debt Limit, Economic Deception, Economy, Political Deception, Political Incompetence by Admin1

PorkbarrelJPGWhile the insurance industry reports loses from hurricane  Sandy at about $20B,  NY region Congressmen lament about the pain their constituents are feeling and cast aspersions at an uncaring Republican led House, they forget to mention that the pork filled bill is more than DOUBLE the estimated Losses.

They are using their constituents as a Trojan Horse to hide  yet again,billions in pork to connected contributors. This while we have just concluded the Fiscal Cliff Legislation with No spending cuts and contemplate the Debt Limit!

Sounds to me that Congress is back to their old tricks and don’t give a damnn about their constitutiencies or the debt load to present and future generations.

Insurance Losses from Sandy to be $20 Billion or More

Published January 08, 2013

Dow Jones Newswires

The insurance industry will likely post losses totaling $20 billion or more from Hurricane Sandy, as losses reported so far reached $16 billion to $17 billion, Fitch Ratings said.

That estimate would put the total industry loss just below the high end of the range of the most recent insured losses estimated by third-party catastrophe modelers, the ratings firm said.

Fitch added that the complexity of assessing the losses from such a large and intense storm over such a large area–particularly when evaluating the impacts of flooding and business interruption claims–has created uncertainty in estimating total insurance losses from Sandy. With that in consideration, insurance companies were unable to report credible loss estimates until almost two months after the storm hit on Oct. 29.

Due to the size and nature of Sandy, a larger proportion of losses were incurred from commercial lines versus personal lines, Fitch said. Primary writers with substantial Northeast catastrophe exposures are incurring the most significant losses, with reinsurers taking a more reduced, although still meaningful, share.

Write to Ben Fox Rubin at ben.rubin@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

 

Read more: http://www.foxbusiness.com/news/2013/01/08/insurance-losses-from-sandy-to-be-20-billion-or-more/#ixzz2I53g8Sfg

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Obama To Boehner: “We Don’t Have A Spending Problem” -WJS

January 7, 2013 in Debt Crisis, Economic, Economic Deception, Economy, Fiscal Cliff, Gas Price, Obama's America 2016, Obama-Nomics, Obamanation, President Obama, Propaganda, Quantitative Easing, Redistribution of Wealth, Tax Hike by admin

Obama

Obama To Boehner: “We Don’t Have A Spending Problem” – WJS
Pelosi: More Tax Revenues Must Be Part Of Any Debt Deal
Boehner: Obama Blames “Health Care Problem” For Deficit -WSJ
Democrats Pushing For Another $1 Trillion In Tax Revenue – Rpt

 

Obama to Boehner: ‘We Don’t Have a Spending Problem’

By Ben Shapiro, Breitbart.com

In an interview with Stephen Moore of the Wall Street Journal, newly re-elected House Speaker John Boehner (R-OH) opened up about President Obama’s utter unwillingness to cut a single dollar from federal spending. In a stunning admission, Obama reportedly told Boehner, “We don’t have a spending problem.”

Boehner added that President Obama continues to maintain that America’s federal deficit is caused not by governmental overspending but by “a health-care problem.” Said Boehner, “They blame all of the fiscal woes on our health-care system.” Boehner told Obama, “Clearly we have a health-care problem, which is about to get worse with Obamacare. But, Mr. President, we have a very serious spending problem.” Obama eventually replied, “I’m getting tired of hearing you say that.”

Obama may be tired of hearing Boehner talk about a spending problem, particularly when Obama has been re-elected on the basis of ignoring government spending. Nonetheless, America does have a spending problem, which Obama is steadfastly ignoring. “He’s so ideological himself,” Boehner explained, “and he’s unwilling to take on the left of his own party.” That’s why Obama refused to raise the retirement age for Medicare after agreeing to it. “He admitted in meetings that he couldn’t sell things to his own members,” said Boehner. “But he didn’t even want to try … We could never get him to step up.”

Read more: http://nation.foxnews.com/government-spending/2013/01/07/obama-boehner-we-dont-have-spending-problem?intcmp=fly#ixzz2HNU1yTAL

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by carlos

Welfare Cash Withdrawn At Strip Clubs – Your Hard Earn Taxes!! – Taxpayer Wa$ted!

January 7, 2013 in Congress, Dream Act, Economic Deception, Food Stamp, President Obama, Socialist, Welfare, Welfare Fraud by carlos

They’re on the dole — and watching the pole.

Welfare recipients took out cash at bars, liquor stores, X-rated video shops,  hookah parlors and even strip clubs — where they presumably spent their taxpayer  money on lap dances rather than diapers, a Post investigation found.

A database of 200 million Electronic Benefit Transfer records from January  2011 to July 2012, obtained by The Post through a Freedom of Information  request, showed welfare recipients using their EBT cards to make dozens of cash  withdrawals at ATMs inside Hank’s Saloon in Brooklyn; the Blue Door Video porn  shop in the East Village; The Anchor, a sleek SoHo lounge; the Patriot Saloon in  TriBeCa; and Drinks Galore, a liquor distributor in The Bronx.

The state Office of Temporary and Disability Assistance (OTDA), which  oversees the “cash assistance program,” even lists some of these welfare-ready  ATMs on its Web site.

One EBT machine is stationed inside Club Eleven, an infamous Hunts Point  jiggle joint known as much for its violent history as its girls in pink  thongs.

Cops have been cracking down on the Bronx club since 2009 and shut it down  temporarily in 2010. In July, five men were stabbed and two others shot outside  after bouncers broke up a 4 a.m. brawl with pepper spray. The club appeared to  be shuttered when The Post visited Thursday.

Club Heat, another Bronx strip club that dispenses EBT cash, is also no  stranger to violence. A 33-year-old woman was fatally shot in the head outside  the club in December 2011.

Critics blasted the government for turning a blind eye to welfare’s sleazy  money.

Click for more from the New York  Post

Read more:  http://www.foxnews.com/us/2013/01/06/welfare-recipients-take-out-cash-at-strip-clubs-liquor-stores/#ixzz2HM9c5GRC

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by Admin1

Left Pushes Illegal Immigration “Reform” as Step to Permanent Democrat Control, Socialism

January 5, 2013 in Abuse of Power, Amnesty, Economic Deception, Fiscal Cliff, Welfare Fraud by Admin1

The left’s purpose in America as in Massachusetts is to maintain a Permanent, Dependent Underclass that they can use to rig elections. Massachusetts has the 17th largest Illegal Alien population estimated at 87,000.  This past week  we learned via a Freedom of Information Request that we have 19,000 welfare recipients who are still receiving taxpayer dollars via direct deposit, even though we can’t locate them at their home addresses.

“[T]he net fiscal cost [per state] of immigration ranges from $11 billion to $22 billion per year, with most government expenditures on immigrants coming from state and local coffers, while most taxes paid by immigrants go to the federal treasury…”

“At the state and local level, an average of less than 5 percent of the public costs associated with illegal immigration is recouped through taxes collected from illegal aliens.”

Robert Rector and Christine Kim of the Heritage Foundation calculated that an average low-skilled immigrant household costs federal, local, and state governments $19,588 per year more than it pays in all.

According to the Center for Immigration Studies,  some Illegal Aliens also receive Federal Earned Income Tax Credit (EITC) grants even if they have an invalid Social Security Number.  Also, Some Illegal Aliens  receive Federal Additional Child Tax Credt (ACTC) grants.

If we allow Amnesty for Illegal Aliens, they will very quickly overrun all of our Safety Net Systems and will accelerate our drop over the Fiscal Cliff  into a Greece like “Taxageddon”.

The following story excerpted from Trevor Loudon’s New Zeal Blog:

Left Pushes Illegal Immigration “Reform” as Step to Permanent Democrat Control, Socialism

Submitted by  on January 5, 2013 – 4:46 am ESTNo Comment
The left, led by the US’s largest Marxist organization, Democratic Socialists of America, is about to start a huge push, starting with organized labor, to grant amnesty and citizenship to more than 12,000,000 illegal immigrants.They hope to make enough noise to allow their long time ally President Obama to claim a public mandate for an illegal immigrant amnesty.
Unions, before they were taken over by DSA, in 1995, were traditionally anti illegal immigration. Why the change?The reason is simple. Marxist led unions do not care about getting a better deal for their members. They care about achieving socialism. They understand that Latinos, which illegals mostly are, tend to vote overwhelmingly Democrat. The Marxists also have huge influence in the Democrat Party, and huge leverage over Democrat policy formation, through their locktight control of organized labor.

Therefore, giving illegals citizenship and voting rights could move America way to the left – forever.

Listen here to AFL-CIO boss Richard Trumka, a longtime DSA supporter, put on his best fake sincerity “Judas goat” tone, to seduce union members into support their own destruction. This is almost barf bucket material,  as this hard bitten union thug,  invokes patriotism and American values,  to sell his socialist “snake oil”.

Now watch an identified DSA member, SEIU VP Eliseo Medina , speaking at a 2009 progressive conference in Washington DC. Medina, the leading immigration activist in the country, reveals the real reason for his efforts … 8,000,000 more Democratic voters, and a “progressive majority for the forseeable future”.

 

Read more at: http://www.trevorloudon.com/

Order Trevor Loudon's new book: 'Barack Obama and the Enemies Within'

 

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by Admin1

MARK STEYN: ‘CLIFF BILL ‘SIGNALS TO WORLD THAT AMERICAN ERA IS OVER’

January 4, 2013 in Congress, Economic Deception, Economy, Fiscal Cliff, Redistribution of Wealth, Taxiation with Representation by Admin1

Courtesy of: Breibart TV

MARK STEYN: ‘CLIFF’ BILL ‘SIGNALS TO WORLD THAT AMERICAN ERA IS OVER’

FOX NEWS: Fox and Friends’ Brian Kilmeade sat down with best-selling author and columnist Mark Steyn to discuss the bill that was passed last night to avoid the fiscal cliff’s across-the-board tax hikes and spending cuts. President Obama applauded the bill, which raises tax rates only on those making more than $450,000 a year, puts off spending cuts and extends unemployment benefits. It also increases by two percent the Social Security payroll tax on all workers.

But Steyn believes the current spending, which is fueling a rapidly-growing national debt that has surpassed $16.4 trillion, is unsustainable and at some point will have to be supported by more taxes on all Americans.

“In a sense America voted for big government in November. What it didn’t vote for is the willingness to pay for it. We have the biggest gap between revenue and spending of any nation on Earth. So people have got to get real about this. If you want Swedish-style government, you have to pay Swedish-style taxes. And if you don’t, you have to grow up and learn to live within your means,” said Steyn.

The author of the book “After America” went on to point out that if the current debt-fueled spending continues, “you’re basically signaling to the world that the American era is over.”Kilmeade then asked what Steyn what he thinks President Obama plans to do over the next four years to address the situation.

“I think he’s got another agenda. … The thing to do is to get people used to the spending, which is about 25 percent of GDP. If he’s gotten people used to the spending, at some point people will have to pay for it the way the Norwegians pay for it, the way the Belgians pay for it. They will have to pay taxes that match what the government is spending. Obama has figured out if you get ‘em used to the spending, then two, three years down the line the taxes will fall his way,” said Steyn.

See the entire story and comments at: http://www.breitbart.com/Breitbart-TV/2013/01/02/Mark-Steyn-Out-of-Control-Spending-Signals-to-World-That-American-Era-Is-Over

 

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by carlos

The ‘Europe-ization’ Of America One Step Closer To Europe? Congress Passes Deal To Avert ‘Cliff”

January 2, 2013 in America's Collapse, Anarchy, Bail Out, Budget, Congress, Cooking the Books, Debt Crisis, Economic, Economic Deception, Economy, Fiscal Cliff, Government, Hope and Change, Jobs, Obama-Nomics, Politics by carlos

Cut NoneTaxes Are Going Up!! What Congress Past Was To Try To Keep some Taxes The same!!!!
One Step Closer To Europe? Congress Passes Deal To Avert ‘Cliff” – Stuart Varney
Smoking Mirrors There are No Cuts!!!

Here’s The Deal: $1 Spending Cuts For Every $10 In Tax Hikes
Tax And Spend – Deal Cuts $15 Billion, Raises Taxes $620 Billion
Here’s The Deal: $1 Spending Cuts For Every $10 In Tax Hikes – Judge Andrew Napolitano

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by carlos

House Passes Senate Cliff Bill! – More Stimulus For Green Companies!

January 2, 2013 in America's Collapse, Bail Out, Economic, Economic Deception, Economy, Global Warming, Government by carlos

FiscalThe House gave its approval Tuesday night to the Senate bill halting massive  tax hikes and delaying a risky round of spending cuts, sending the package to  the president’s desk and likely averting for now an economy-stalling fiscal  crisis.

The 257-167vote came after a day of high drama on Capitol Hill,  during which conservative House lawmakers voiced serious concern about the  Senate bill’s lack of spending cuts.

Rank-and-file Republicans initially predicted they would tinker with  the package, raising the possibility the Senate would abandon it and nothing  would get done before the new congressional class is seated Thursday.

But House leaders soon learned they did not have a majority behind any  spending-cut plan, and allowed the straight vote. More Democrats supported the  bill than Republicans.

The result, once Obama signs it, is that tax hikes that technically kicked in  Jan. 1 for most Americans would largely be halted.

The bill would nix the tax increases for families making under $450,000,  while letting rates rise for those making above that threshold. It would also  extend unemployment insurance for another year, while patching up a host of  other expiring provisions and delaying automatic spending cuts for two months.  Those cuts, which would hit defense heavily, will instead be offset with a blend  of tax increases and other spending cuts.

Americans will still see a 2-point increase this month in their Social  Security tax, as Congress did not opt to extend that payroll tax holiday.

The House was able to shoehorn in the vote before the markets open Wednesday.  Uncertainty about a deal threatened to wreak havoc on Wall Street. And  economists warned that any prolonged stalemate into 2013 threatened to pull the  broader economy back into a recession. In total, more than $600 billion in tax  hikes and spending cuts were set to take effect this year.

The vote Tuesday came amid rising pressure from House Democrats and the  Senate side, which approved the bill early Tuesday morning. Democrats made clear  that they would pin the blame squarely on House Republicans if the tax hikes  were not averted.

“This is the House’s wisdom in making the best of a bad situation,” one House  GOP leadership aide told Fox News. “We had a bad hand from the start, but we’re  avoiding being blamed for taking us off the cliff.”

Still, a number of House Republicans came out against the package, including  No. 2 House Republican, Eric Cantor.

“I do not support it,” Cantor told reporters after a closed-door meeting with  fellow Republicans.

Rep. Steve LaTourette, R-Ohio, said earlier that the sentiment among House  Republicans was to amend the bill to incorporate more spending cuts. Rep.  Spencer Bachus, R-Ala., echoed the statement.

But other Republicans, while voicing opposition to the bill, acknowledged  that it could pass the House.

Congress already missed the New Year’s Eve deadline for action, which  technically triggered tax hikes. Without a resolution soon, taxes would have  jumped by $2,400 on average for families with incomes of $50,000 to $75,000,  according to a study by the nonpartisan Tax Policy Center. And because consumers  would get less of their paychecks to spend, businesses and jobs would suffer as  well.

House conservatives had begun voicing frustration Monday night about the  lopsided ratio of tax increases in the plan, as compared with net spending cuts.  The bill contained roughly $620 billion in tax hikes, and just a fraction of  that in spending cuts. As one House Republican told Fox News, “I can’t imagine a  ratio such as that warming our fiscal hearts.”

Not all Democrats were on board either. Many voiced frustration that tax  hikes would only affect those making above $450,000 – when President Obama  originally campaigned on raising them for households making above $250,000.

“Looks like a very bad deal the way this is shaping up,” Sen. Tom Harkin,  D-Iowa, said Monday. Harkin voted against the Senate bill early Tuesday morning,  as did Sens. Tom Carper, D-Del.; Mike Lee, R-Utah; Rand Paul, R-Ky.;   Richard Shelby, R-Ala.; Michael Bennet, D-Colo.; Chuck Grassley, R-Iowa; and  Marco Rubio, R-Fla.

The fiscal deal, though, still pushes off a permanent decision on the  spending cuts until two months down the road, when lawmakers could find  themselves in a similar position. And lawmakers are poised to renew a fight in a  matter of weeks over raising the debt ceiling – which the U.S. government would  have hit Dec. 31 if not for the Treasury Department taking emergency  measures.

Fox News’ Ed Henry, Chad Pergram and Mike Emanuel contributed to this  report.

Read more:  http://www.foxnews.com/politics/2013/01/01/house-approves-fiscal-crisis-bill/#ixzz2Gn02L11B

FINAL VOTE RESULTS FOR ROLL CALL 659 Fiscal Cliff

 

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by Admin1

Carbon Tax Can Avoid Fiscal Cliff

December 10, 2012 in Agenda 21, Climate Change, Economic Deception, Freedom, Global Warming, Tax Hike by Admin1

Hold on to your wallets!

Now, the Eco-Socialists are after our treasure. H’mmm, a confiscatory Carbon Tax will aid us in avoiding the Fiscal Cliff? What 2d rate Economics College did these pseudo economists attend? An international team of scientists has debunked global warming using tree ring data from the last 2,000 years and has been published in the prestigious scientific journal Nature Climate Change.   

Tree Ring Study Debunks Global Warming

“ An international team including scientists from Johannes Gutenberg University Mainz (JGU) has published a reconstruction of the climate in northern Europe over the last 2,000 years based on the information provided by tree-rings. Professor Dr. Jan Esper’s group at the Institute of Geography at JGU used tree-ring density measurements from sub-fossil pine trees originating from Finnish Lapland to produce a reconstruction reaching back to 138 BC. In so doing, the researchers have been able for the first time to precisely demonstrate that the long-term trend over the past two millennia has been towards climatic cooling. “We found that previous estimates of historical temperatures during the Roman era and the Middle Ages were too low,” says Esper. “Such findings are also significant with regard to climate policy, as they will influence the way today’s climate changes are seen in context of historical warm periods.” The new study has been published in the journal Nature Climate Change.”

There final conclusion is that the earth has been cooling for the last 2000 years.

“In addition to the cold and warm phases, the new climate curve also exhibits a phenomenon that was not expected in this form. For the first time, researchers have now been able to use the data derived from tree-rings to precisely calculate a much longer-term cooling trend that has been playing out over the past 2,000 years. Their findings demonstrate that this trend involves a cooling of -0.3°C per millennium due to gradual changes to the position of the sun and an increase in the distance between the Earth and the sun.”

 

But Al Gore, who stands to make $Billions off of Carbon Tax legislation, along with a number of  Eco-Socialists are attempting  to jam the Carbon Tax through Congress in the same manner as ObamaCare.

 

 

And a further study, which is explained in the following, further refutes Al Gore and his minions unscientific contentions!

 

The
A new study by the Center for the Study of Carbon Dioxide and Global Change – The State of Earth’s Terrestrial Biosphere: How is it Responding to Rising Atmospheric CO2 and Warmer Temperatures? – refutes claims by the United Nations’ Intergovernmental Panel on Climate Change (IPCC) that global warming is stressing Earth’s natural and agro-ecosystems by reducing plant growth and development.  “Such claims are simply not justified when one examines the balance of evidence as reported in the peer-reviewed scientific literature,” said report author Dr. Craig Idso, founder and chairman of the Center for the Study of Carbon Dioxide and Global Change and a senior fellow for environment policy at The Heartland Institute.   “Far from being in danger, the vitality of global vegetation is better off now than it was a hundred years ago, 50 years ago, or even a mere two-to-three decades ago,” Idso said. “And the observed increases in vegetative productivity and growth are happening in spite of all the many real and imagined assaults on Earth’s vegetation that have occurred during this time period, including wildfires, disease, pest outbreaks, deforestation, and climatic changes in temperature and precipitation.”   Specific findings in the meta-analysis examining hundreds of scientific studies on the subject include:

  • The productivity of the planet’s terrestrial biosphere, on the whole, has been increasing with time, revealing a great greening of the Earth that extends throughout the entire globe.
  • Satellite-based analyses of net terrestrial primary productivity (NPP) reveal an increase of around 6 to 13 percent since the 1980s.
  • There is no empirical evidence to support the model-based IPCC claim that future carbon uptake by plants will diminish on a global scale due to rising temperatures. In fact, just the opposite situation has been observed in the real world.
  • Earth’s land surfaces were a net source of CO2-carbon to the atmosphere until about 1940. From 1940 onward, however, the terrestrial biosphere has become, in the mean, an increasingly greater sink for CO2-carbon.
  • Over the past 50 years, for example, global carbon uptake has doubled from 2.4 ± 0.8 billion tons in 1960 to 5.0 ± 0.9 billion tons in 2010.
  • There is compelling evidence that the atmosphere’s rising CO2 content – the chief reason behind the IPCC’s concerns about the future of the biosphere, due to the indirect threats the IPCC claims will result from CO2-induced climate change – is actually most likely the primary cause of the observed greening trends.
  • In the future, Earth’s plants should be able to successfully adjust their physiology to accommodate a warming of the magnitude and rate-of-rise that is typically predicted by climate models to accompany the projected future increase in the air’s CO2 content. And factoring in the plant productivity gains that will occur as a result of the aerial fertilization effect of the ongoing rise in atmospheric CO2, plus its accompanying transpiration-reducing effect that boosts plant water use efficiency, the world’s vegetation possesses an ideal mix of abilities to reap a tremendous benefit in the years and decades to come.

Given these findings, the report contends the recent “greening of the Earth” observed by a host of scientists will likely continue. Government leaders and policy makers should take notice of the findings of this important new assessment on the state of the Earth’s terrestrial biosphere.   The report can be viewed or downloaded here at The Heartland Institute, or at the Web site of the Center for the Study of Carbon Dioxide and Global Change. Questions about the report can be addressed to Dr. Idso at contactus@co2science.org.   Dr. Idso is the coauthor, with Dr. Robert M. Carter and Dr. S. Fred Singer, of Climate Change Reconsidered: 2011 Interim Report of the Nongovernmental International Panel on Climate Change (NIPCC) (The Heartland Institute, 2011), and with Dr. Singer of a preceding volume titled Climate Change Reconsidered: The 2009 Report of the Nongovernmental International Panel on Climate Change (NIPCC) (The Heartland Institute, 2009). He is leading an international panel of scientists that is writing a comprehensive assessment of climate science to be published in 2013.


One South Wacker Drive #2740 * Chicago, IL 60606 312/377-4000 phone * 312/377-5000 fax * http://www.heartland.org