From Wall Street Journal – “After seven nonstop months ObamaCare is failing, just as ClintonCare failed after a year’s effort in 1994. It’s clear there is something inherently wrong in what the Democrats have been trying to do here. What is it?” See Article
I just came across a new website titled: http://www.TheTeaPartyIsOver.org
It is paid for by the American Public Policy Committee. Well, according to opensecrets.org, the two donors for American Public Policy Committee this year are Patriot Majority and Patriot Majority West.
However, according to opensecrets.org, the 2nd largest contributor in 2008 to Patriot Majority was SEIU and other top Unions around America. I imagine the diversion of Union money gets much deeper than this. Please spread the word before they start getting their message out now. Thanks.
by Dick Morris and Eileen McGann
President Obama was disingenuous when he said that the budget deficit he faced “when I walked in the door” of the White House was $1.3 trillion. He went on to say that he only increased it to $1.4 trillion in 2009 and was raising it to $1.6 trillion in 2010.
As Joe Wilson said, “You lie.”
Here are the facts:
In 2008, George W. Bush ran a deficit of $485 billion. By the time the fiscal year started on Oct.1, 2008, it had gone up by another $100 billion due to increased recession-related spending and depressed revenues. So it was $600 billion. That was the real Bush deficit.
But when the fiscal crisis hit, Bush had to pass TARP in the final months of his presidency, which cost $700 billion. Under the federal budget rules, a loan and a grant are treated the same. So the $700 billion pushed the deficit — officially — up to $1.3 trillion. But not really. The $700 billion was a short-term loan, and $500 billion of it has already been repaid.
So what was the real deficit Obama inherited? The $600 billion deficit Bush was running plus the $200 billion of TARP money that probably won’t be repaid (mainly AIG and Fannie Mae and Freddie Mac). That totals $800 billion. That was the real deficit Obama inherited.
Then … he added $300 billion in his stimulus package, bringing the deficit to $1.1 trillion. And falling revenues and other increased welfare spending pushed it up to $1.4 trillion.
So, effectively, Obama came close to doubling the deficit.
His program of fiscal austerity in this new budget is a joke. If he wanted to lower the deficit, here’s what he could do:
— Cancel the remaining $500 billion of stimulus spending.
— Cancel the $300 billion of spending in stimulus II.
Presto! The deficit is cut in half.
Those are the real numbers.
Cato Institute scholars address several items in President Obama’s first official State of the Union Address. Scholars include Daniel J. Mitchell, Mark A. Ca.
The Cato Institute is a libertarian think tank headquartered in Washington, D.C.
The Institute’s stated mission is “to broaden the parameters of public policy debate to allow consideration of the traditional American principles of limited government, individual liberty, free markets, and peace” by striving “to achieve greater involvement of the intelligent, lay public in questions of (public) policy and the proper role of government.”
Cato scholars conduct policy research on a broad range of public policy issues, and produce books, studies, op-eds, and blog posts. They are also frequent guests in the media.
The Cato Institute is non-partisan, and its scholars’ views are not consistently aligned with either major political party. For example, Cato scholars were sharply critical of George W. Bush’s administration (2001 – 2009) on a wide variety of issues, including the Iraq war, civil liberties, education, agriculture, energy policy, and excessive government spending.
However, on other issues, most notably health care Social Security, global warming, tax policy, and immigration, Cato scholars had praised Bush administration initiatives. During the 2008 U.S. presidential election, Cato scholars criticized both major-party candidates, John McCain and Barack Obama.
Politicians throughout the Country should be well aware