GB's Political Thread - 08/26/09
The Heritage Foundation has done some research into Obama's spending habits. Here are just a few of the highlights .. things that your children can thank Barack Obama for someday, and things that you can thank those drivers with the Obama bumper stickers for today:
- The 22 percent spending increase projected for 2009 represents the largest government expansion since the 1952 height of the Korean War (adjusted for inflation). Federal spending is up 57 percent since 2001.
- While the costs of the financial bailouts and economic stimulus bills are staggering, they are only a fraction of the coming costs from Social Security, Medicare, and Medicaid. Over the next decade, the Congressional Budget Office (CBO) projects that each year Medicaid will expand by 7 percent, Medicare by 6 percent, and Social Security by 5 percent. These programs face a 75-year shortfall of $43 trillion--60 times greater than the gross cost of the $700 billion TARP financial bailout.
- President Obama claims that "we have already identified $2 trillion in savings over the next decade." This is not true. The President first creates a fantasy baseline that assumes the Iraq surge continues forever (which was never U.S. policy) and then "saves" $1.5 trillion against that baseline by ending the surge as scheduled. It is like a family "saving" $10,000 by first assuming an expensive vacation and then not taking it. Another $1 trillion in "savings" is actually tax increases (in other words, savings for government, not taxpayers).
- Federal spending per household (adjusted for inflation) remained constant at $21,000 throughout the 1980s and 1990s, before President Bush hiked it to $25,000. In 2009, Washington will spend $30,958 per household--the highest level in American history--and under President Obama's budget, the figure will rise above $33,000 by 2019.
- While President Obama claims to have inherited the 2009 budget deficit, it is important to note that the estimated 2009 budget deficit has increased by $400 billion since his inauguration, and the whole point of the "stimulus" was to increase deficit spending to nearly $2 trillion based on the unproven notion that would it alleviate the recession. This suggests that even if the President had not inherited a big deficit, he would have created one as a matter of anti-recessionary policy.
- The public national debt--$5.8 trillion as of 2008--is projected to double by 2012 and nearly triple by 2019. Thus, America would accumulate more government debt under President Obama than under every President in American history from George Washington to George W. Bush combined.
- The White House brags that it will cut the deficit in half by 2013. The President does not mention that the deficit has nearly quadrupled this year. Merely cutting it half from that bloated level would still leave budget deficits twice as high as under President Bush...
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Not that the constitution really means anything in Argentina any more ... after all, President Cristina Fernandez Kirchner recently seized all private pension plans ... but I've read that
Constitution of Argentina contains this little gem:
The private actions of men which in no way offend public order or morality, nor injure a third party, are only reserved to God and are exempted from the authority of judges. No inhabitant of the Nation shall be obliged to perform what the law does not demand nor deprived of what it does not prohibit."
So ... under this constitutional clause, the Supreme Court of Argentina has unanimously ruled to decriminalize the possession of drugs for purely personal consumption.
Do you have any idea how much we spend in this country every year enforcing our asinine drug prohibitions?
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The liberals have had their thongs in a wad for weeks over
this column by Whole Foods CEO John Mackey. For those of you who missed it, Mackey wrote a column for the Wall Street Journal on August 11th that explained his free market plan for healthcare reform. Ever since then, liberals have been in a war against Mackey for daring to go against Barack Obama or stand against the political leanings of so many of his customers!
Well now the unions have gotten involved. The CtW Investment Group, a part of the Change to Win federation of unions that advocates on behalf of workers' investments in pension funds, is calling for Mackey's resignation. The union says that Mackey is undermining President Obama's healthcare reform.
CtW Investment Group's Executive Director Bill Patterson says, "Mr. Mackey attempted to capitalize on the brand reputation of Whole Foods to champion his personal political views, but has instead deeply offended a key segment of Whole Foods consumer base." Oh my God! NO! Tell me it's not true! Someone has been OFFENDED!
Or, could it be...
Included in one of the House versions of the healthcare reform bill
is a little gift to the unions. One provision includes $10 billion to pay off medical costs of union members and retirees.
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Speaking of... Take a wag as to who has been named one of the most powerful people in healthcare. I'll give you a hint ...
it is a union boss.
Russ Feingold says that
there won't be a healthcare bill before Christmas.
Here's an explanation as to how the cash for clunkers program
failed the American taxpayers.
Tort reform is the key to healthcare reform.
Great Britain has to bring in doctors from overseas, because government contracts with British doctors result in 90% of them choosing not to work nights or weekends. Coming soon to America.
"A political class, and a media elite, that glamorized the protest against the Iraq war, that branded the Bush presidency as a reign of usurpation, now wishes to be done with the tumult of political debate. President Barack Obama himself, the community organizer par excellence, is full of lament that the "loudest voices" are running away with the national debate. Liberalism in righteous opposition, liberalism in power:
The rules have changed."
The super rich are no longer getting richer ... and this is not a good thing (despite what you wealth envy-types may believe).
The people fighting against Barack Obama's progressive agenda are
nothing but racist right-wingers!
The Obama administration says that the recession was
longer and deeper than expected. Gee, you mean all of this government spending hasn't helped things?
What is the difference between
Obama healthcare "myths" and Obama healthcare myths?
How to
irritate President Obama.
Only government would send
stimulus checks to prison inmates.
This is what you get from a government "eduction."
There is one industry that is really booming right now:
the Sugar Daddy industry.
One final note -
Ted Kennedy has passed away.