Friday, July 22, 2011

Obama - No Checks for the Military or the Elderly

What a load of hooey!

If an average taxpayer was flat broke and upside down in debt, then borrowed even more money their credit rating would plummet to zero.

Obama and the Liberals seem to believe the deeper in debt we are the better our credit rating will be.

Go figure.

WASHINGTON (Reuters) - President Barack Obama insisted on Friday he was prepared to make "tough choices" for a sweeping deficit-reduction deal to avert a U.S. default, despite Democrats warning him not to make too many concessions.

With the deadline to raise the debt ceiling now just 11 days away, the Democratic president appealed for compromise by both parties as he and the top Republican in Congress, House of Representatives Speaker John Boehner, pursued a plan for up to $3 trillion in spending cuts.

"I'm willing to sign a plan that includes tough choices I would not normally make, and there are a lot of Democrats and Republicans in Congress who I believe are willing to do the same thing," Obama said at a town hall-style meeting at the University of Maryland.

While an agreement did not look imminent, Obama faced increasingly vocal complaints from his own Democrats on a deal-in-the-making that could mean painful curbs in popular health and retirement programs but no immediate increase in taxes.

"I've never seen frustration higher," Democratic Senator Dianne Feinstein said after a week of sometimes chaotic efforts to sort through conflicting options and stave off a potentially devastating default on the nation's financial obligations.

Negotiations between Republicans and the White House toward a deal to raise the $14.3 trillion limit on America's borrowing are at a critical phase, with less than two weeks before the world's biggest economy runs out of money to pay its bills.

Obama maintained that it would be impossible to achieve the kind of "historic" deficit-reduction deal he is seeking without including revenue increases through such measures as reforming the tax code and ending tax breaks for wealthier Americans.

But congressional sources have said that the deal now being crafted with Boehner might leave tax reform and other major revenue-boosting steps for later.

CREDIT RATING AT RISK
Republicans and many Democrats are refusing to raise the debt limit unless it is accompanied by steep spending cuts to tackle rising budget deficits. An unprecedented national default could push the United States back into recession and trigger global financial chaos.

Treasury Secretary Timothy Geithner met on Friday with Federal Reserve Chairman Ben Bernanke and New York Fed President William Dudley to talk about the implications for the U.S. economy if Congress failed to raise the debt.

They remained confident Congress would act in time, they said in a joint statement.
The hope in Washington is that a wide-ranging, 10-year package of deficit cuts being worked out will be enough to save America's triple-A credit rating. Rating agencies have threatened a U.S. bond downgrade without a comprehensive deficit-cutting deal.

"We have never defaulted on our debt and we're not about to do it now," Obama said.
Seeking to ratchet up pressure on lawmakers, he said the consequences if they failed to act on the debt limit would include higher interest rates and greater reluctance by businesses to hire and invest.
"If we don't solve it, every American will suffer," he said.

Casting himself as a centrist in the bitter debate, Obama is trying to appeal to moderate independent voters he needs to win re-election in 2012.

Still the two sides remain far apart on the main issues.

"There was no agreement, publicly, privately. Never an agreement and frankly not close to an agreement," Boehner told reporters, referring to reports that he and Obama were nearing a deal.

"And so, I would just suggest it is going to be a hot weekend here in Washington D.C.," he said.

With Congress out of session on Saturday and Sunday, any action was expected to stay behind the scenes.
Boehner told fellow Republicans that the House will need to pass debt-ceiling legislation by Wednesday to give the Senate enough time to pass it by August 2, according to an aide. There are doubts, however, that such a time frame can be achieved.

Obama and Boehner took discussions on a so-called "grand bargain" behind closed doors this week. Talks have whipsawed and stalled over raising tax revenue, which Democrats insist must be a part of any spending cut deal while Republicans reject tax increases.

FURIOUS DEMOCRATS
Senior Democrats in Congress, who have been kept out of the White House talks, were furious on Friday that Obama might concede to a deal with no new tax revenue, but with deep spending cuts to social programs.
Aides said Democrats are particularly upset that a deal could include cuts in Medicaid, Medicare and Social Security, "safety net" programs for the poor and elderly long championed by their party.

Senate Democratic leader Harry Reid warned Obama to be careful what he agrees to with Boehner, who is under pressure himself from Tea Party movement conservatives in his party.

"I say to both the president and to the speaker here on the Senate floor, representing my Democrats, and I'm confident many Republicans: Be very careful," Reid said. "Show a lot of caution as this negotiation goes forward because any arrangement must be fair to all America, not just the wealthy."

Democrats are also frustrated that polls show public support for their call for a balanced approach to deficit reduction -- a mix of cuts and tax hikes -- but that Obama is the one making the concessions.

JFK - Posthumous Leader of the Tea Party.

 In 1962, President John F. Kennedy said "it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is cut rates now.

And that’s exactly what Kennedy did.

As a result, federal tax revenues went from $94 billion in 1961 to $153 billion in 1968 as Kennedy slashed the capital gains tax and cut the top marginal tax rate from 90 percent to 70 percent.

Calvin Coolidge and Warren Harding cut taxes through the 1920s only to see federal revenues rise from $719 million in 1921 to $1.164 billion as top marginal tax rates fell from 70 percent to below 25 percent.

“Economic history teaches us that when confronted with weakness the proper remedy is to grow, not suffocate the economy.”

Thursday, July 21, 2011

DESTRUCTION OF OUR NATION: 5 IRREFUTABLE TRUTHS

 
You cannot legislate the poor into freedom by legislating the industrious out of it.

You don't multiply wealth by dividing it.

Government cannot give anything to anybody that it doesn't first take from somebody else.

Whenever somebody receives something without working for it, somebody else has to work for it without receiving.

The worst thing that can happen to a nation is for half of the people to get the idea they don't have to work because somebody else will work for them, and the other half to get the idea that it does no good to work because they don't get to enjoy the fruits of their labor.

Saturday, July 16, 2011

Ten interesting questions:


This is a fun quiz. Listed below are 10 direct quotes.
You have to guess which American politician said it.

Your four choices are:
Former Alaska Governor Sarah Palin
Former VP Dan Quayle
President Barack Obama
Former President George W. Bush

Ready? Here we go!
1) "Let me be absolutely clear. Israel is a strong friend of Israel's."
A. Barack Obama
B. Dan Quayle
C. Sarah Palin
D. George W. Bush

2) "I've now been in 57 states I think one left to go."
A. Barack Obama
B. Dan Quayle
C. Sarah Palin
D. George W. Bush

3) "On this Memorial Day, as our nation honors its unbroken line of fallen heroes, and I see many of them in the audience here today."
A. Barack Obama
B. Dan Quayle
C. Sarah Palin
D. George W. Bush

4) "What they'll say is, 'Well it costs too much money,' but you know what? It would cost, about. It it would cost about the same as what we would spend. It. Over the course of 10 years it would cost what it would costs us. (nervous laugh) All right. Okay. We're going to. It. It would cost us about the same as it would cost for about hold on one second. I can't hear myself. But I'm glad you're fired up, though. I'm glad."
A. Barack Obama
B. Dan Quayle
C. Sarah Palin
D. George W. Bush

5) "The reforms we seek would bring greater competition, choice, savings and inefficiencies to our health care system."
A. Barack Obama
B. Dan Quayle
C. Sarah Palin
D. George W. Bush

6) "I bowled a 129. It's like - it was like the Special Olympics, or something."
A. Barack Obama
B. Dan Quayle
C. Sarah Palin
D. George W. Bush

7) "Of the many responsibilities granted to a president by our Constitution, few are more serious or more consequential than selecting a Supreme Court justice. The members of our highest court are granted life tenure, often serving long after the presidents who appointed them. And they are charged with the vital task of applying principles put to paper more than 20 centuries ago to some of the most difficult questions of our time."
A. Barack Obama
B. Dan Quayle
C. Sarah Palin
D. George W. Bush

8) "Everybody knows that it makes no sense that you send a kid to the emergency room for a treatable illness like asthma, they end up taking up a hospital bed, it costs, when, if you, they just gave, you gave them treatment early and they got some treatment, and a, a breathalyzer, or inhalator, not a breathalyzer. I haven't had much sleep in the last 48 hours."
A. Barack Obama
B. Dan Quayle
C. Sarah Palin
D. George W. Bush

9) "It was interesting to see that political interaction in Europe is not that different from the United States Senate. There's a lot of I don't know what the term is in Austrian, wheeling and dealing."
A. Barack Obama
B. Dan Quayle
C. Sarah Palin
D. George W. Bush

10) "I have made good judgments in the past. I have made good judgments in the future."
A . Barack Obama
B. Dan Quayle
C. Sarah Palin
D. George W. Bush






Each of these quotes are directly from President Barack Obama. And now you know why he brings his teleprompter with him everywhere he goes ...even when talking to a 6th grade class. And some members of the media continue to insist he is "The smartest man ever elected to the Presidency." Not even close.

Thursday, July 14, 2011

The Mother of All Flip-Flops

President Barack Obama opposed increasing the debt ceiling in AUGUST 2006. Here is a direct quote from then senator Obama back when he voted against raising the debt ceiling…are you ready?? :
.
“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

Wednesday, July 13, 2011

USA is broke. So the Fed will give us money we don't have!

What a freaking joke!

Yesterday Barack Obama said we are dead broke.

It is all George Bush's fault.

And if the mean old congress does not raise his allowance then Social Security checks and payroll for Soldiers fighting in Afghanistan won't be met.

Now, Barry's Boy, Ben Bernanke, says he is ready willing and able to throw more Billions into the wind and into the open arms of the 60% of Americans that pay no taxes.



Bernanke: Fed would supply more stimulus if needed

WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke said Wednesday that the central bank is prepared to provide additional stimulus if the current economic lull persists.
Delivering his twice-a-year economic report to Congress, Bernanke laid out three options the central bank would consider. One possibility, he said, was another round of Treasury bond buying. That would make the third such effort since 2009.
Bernanke indicated that the Fed would only take such actions if economic conditions worsened and deflation re-emerged as a threat. Deflation is a destabilizing period of falling prices.
He also said the Fed was nimble enough to respond if the opposite happened. He said the Fed was ready to raise interest rates that have been held at record lows for nearly three years, should the central bank fear a greater risk of inflation.
"We have to keep all options on the table," Bernanke told the House Financial Services Committee on the first of two days of Capitol Hill testimony. "If we get to the point where the recovery is faltering" and inflation is dropping toward zero, then the central bank would consider the additional stimulus options, he said.
Stocks jumped after Bernanke signaled the Fed's willingness to take additional steps boost the sluggish economy. The Dow Jones industrial average rose more than 142 points in midday trading. Broader indexes also increased.
In response to a question about the congressional debate over raising the borrowing limit, Bernanke warned that a failure to act by the August deadline could trigger a major financial crisis. He said that if government defaults on its debt, it would throw "shock waves through the entire financial system."
The government reached its borrowing limit in May. The Treasury Department has said that the government will default on its debt if the limit is not raised by Aug. 2.
The Fed last month agreed to end on schedule its program to boost the economy through the purchase of $600 billion in Treasury bonds. But the central bank acknowledged that the economy had slowed in the first half of the year. As a result, it lowered its economic growth forecast for 2011 and said unemployment wouldn't fall below 8.6 percent this year.
Since that meeting, the government reported a second straight month of dismal hiring in June and the unemployment rate rose to 9.2 percent -- the highest rate this year.
The Fed has said that temporary factors, such as high gas prices and supply chain disruptions caused by the Japan crisis, are partly to blame for the sluggish period.
Bernanke told Congress that the Fed believes those impediments should ease in the second half of the year. But if that forecast proves wrong, he said the Fed is prepared to do more.
"The possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might re-emerge, implying a need for additional policy support," Bernanke said.
Economists noted that Bernanke was careful to balance the possibility of further Fed stimulus with the possibility that inflation could become a problem.
Paul Ashworth, chief U.S. economist at Capital Economics, said the Fed would likely hold off on further steps unless deflation emerges as a threat again. Ashworth said any decision would not come until next year.
"The Fed wants to wait and see if the drop off in economic growth was due to transitory factors and whether inflation drops back," Ashworth said.
The Fed launched its last round of bond buying last when deflation worries were increasing. The bond-buying program, which ended in June, was the Fed's second round of "quantitative easing." That's a term economists use for a tool the Fed can use to drive down long-term interest rates by purchasing Treasury bonds.
The topic of new stimulus was raised at the same June meeting in which Fed policymakers agreed to end the last program. Some members said the Fed should be open to additional measures if growth failed to pick up enough to "meaningfully" reduce the unemployment rate, according to minutes of the June 21-22 meeting.
Others expressed concerns about inflation and said the central bank would need to take steps to begin removing its low-interest rate policies "sooner than currently anticipated."
The minutes highlighted a division at the Fed between officials who are most worried that the economy is growing too slowly, including Bernanke, and some regional bank presidents who are concerned that the Fed's policies could spark high inflation.
Bernanke spoke to the minority's concerns in his testimony. He said that the central bank would be prepared to start raising interest rates faster than currently contemplated, if prices don't moderate.
The Fed has kept its key interest rate at a record low near zero since December 2008. Most private economists believe the Fed will not start raising interest rates until next summer. And some say the Fed won't increase rates until 2013, based on the slumping economy.
Bernanke was testifying after the government released a dismal jobs report last week.
The economy added just 18,000 jobs last month, the fewest in nine months. And the May figures were revised downward to show just 25,000 jobs added -- fewer than half of what was initially reported.
Companies pulled back sharply on hiring after adding an average of 215,000 jobs per month from February through April. The economy typically needs to add 125,000 jobs per month just to keep up with population growth. And at least twice that many jobs are needed to bring down the unemployment rate.

Monday, July 11, 2011

Holder bragged about Operation Gunrunner in 2009

Holder bragged about Operation Gunrunner in 2009 | Barbara Hollingsworth | Beltway Confidential | Washington Examiner

On May 3, U.S. Attorney General Eric Holder testified before House Oversight and Government Reform Chairman Darrell Issa's committee that he only learned about the government's sale of weapons to Mexican drug cartels "in the last few weeks."

But Big Government found a 2009 speech by Holder on the Department of Justice's own website that proves the attorney general was well aware of Operation Gunrunner back in 2009:

The problem with Holder’s feigned ignorance is that he gave a speech in Cuernavaca, Mexico, on April 2, 2009, in which he boasted about Operation 'Gunrunner” and told Mexican authorities of everything he was doing to insure its success.

When questioned by the media, Holder also denied knowing anything about Gunrunner:

"Holder's office at first vehemently denied ATF has ever knowingly allowed weapons to get into the hands of suspected gunrunners for Mexico's drug cartels," CBS News investigative correspondent Sharyl Attkisson reported.

But at the arms trafficking conference in Cuernavaca, Holder not only acknowledged the program, he bragged that he was in the process of expanding it:

"Last week, our administration launched a major new effort to break the backs of the cartels. My department is committing 100 new ATF personnel to the Southwest border in the next 100 days to supplement our ongoing Project Gunrunner, DEA is adding 16 new positions on the border, as well as mobile enforcement teams, and the FBI is creating a new intelligence group focusing on kidnapping and extortion. DHS is making similar commitments, as Secretary Napolitano will detail."

So Holder's May 3rd denial appears to be refuted by his own words.

With 43 automatic weapons with serial numbers traced back to the ATF operation seized during a single traffic stop in Phoenix, and others showing up in crimes throughout Arizona, the ATF director now claims that Holder's department is obstructing the congressional investigation.

Sunday, July 10, 2011

WHEN WILL OBAMA CRACK IN PUBLIC?

When will Obama crack in public?
by Mychal Massie

At a time when many Americans can barely afford Burger King and a movie, Obama boasts of spending a billion dollars on his re-election campaign. Questioned at a recent appearance about the spiraling fuel costs, Obama said, "Get used to it" - and with an insouciant grin and chortle, he told another person at the event, who complained about the effect high fuel prices were having on his family, to "get a more fuel-efficient car." 

The Obamas behave as if they were sharecroppers living in a trailer and hit the Powerball, but instead of getting new tires for their trailer and a new pickup truck, they moved to  Washington . And instead of making possum pie, with goats and chickens in the front yard, they're spending and living large at taxpayer expense - opulent vacations, gala balls, resplendent dinners and exclusive command performances at the White House, grand date nights, golf, basketball, more golf, exclusive resorts and still more golf. 

Expensive, ill-fitting and ill-chosen wigs and fashions hardly befit the first lady of the  United States . The Obamas have behaved in every way but presidential - which is why it's so offensive when we hear Obama say, in order "to restore fiscal responsibility, we all need to share in the sacrifice - but we don't have to sacrifice the  America we believe in." 

The American people have been sacrificing; it is he and his family who are behaving as if they've never had two nickels to rub together - and now, having hit the mother lode, they're going to spend away their feelings of inadequacy at the taxpayers' expense. 

Obama continues to exhibit behavior that, at best, can be described as mobocratic and, at worst, reveals a deeply damaged individual. In a February 2010 column, I asked, 
"Is Obama unraveling?" I wrote that it was beginning to appear the growing mistrust of him and contempt for his policies was beginning to have a destabilizing effect on him. 

At that time, I wrote that not having things go one's way can be a bitter pill, but reasonable people don't behave as he was behaving. He had insulted Republicans at their luncheon, where he had been an invited guest. I had speculated that was, in part, what had led him to falsely accuse Supreme Court justices before Congress, the nation and the world, during the 2010 State of the Union address. 

It appeared, at that time, as if he were "fraying around the emotional edges." That behavior has not abated - it has become more pronounced. While addressing the nation, after being forced to explain the validity of his unilateral aggression with  Libya , America witnessed a petulant individual scowling and scolding the public for daring to insist he explain his actions. 

But during an afternoon speech to address the budget/debt, he took his scornful, unstable despotic behavior to depths that should give the nation cause for concern. Displaying a dark psychopathy more representative of an episode of "The Tudors" television series, he invited Rep. Paul Ryan, R-Wis., to sit in the front row during his speech and then proceeded to berate both Ryan and Ryan's budget-cutting plan. Even liberal Democrats were put off by the act. MSNBC's Joe Scarborough questioned the sanity of Obama's actions. 

Today, criticism is coming from all sides. A senior Democrat lawmaker said, "I have been very disappointed in [Obama], to the point where I'm embarrassed that I endorsed him. It's so bad that some of us are thinking, is there some way we can replace him? How do you get rid of this guy?" ("Democrats' Disgust with Obama," The Daily Beast, April 15, 2011) 

Steve McCann wrote: Obama's speech "was chock full of lies, deceit and crass fear-mongering. It must be said that [he] is the most dishonest, deceitful and mendacious person in a position of power I have ever witnessed" ("The Mendacity of Barack Obama,"
AmericanThinker.com, April 15, 2011). 

McCann continued: "[His] performance was the culmination of four years of outright lies and narcissism that have been largely ignored by the media, including some in the conservative press and political class who are loath to call [him] what he is in the bluntest of terms: a liar and a fraud. That he relies on his skin color to intimidate, either outright or by insinuation [against] those who oppose his radical agenda only add to his audacity. It is apparent that he has gotten away with his character flaws his entire life, aided and abetted by sycophants around him." 

With these being among the kinder rebukes being directed at Obama, and with people becoming less intimidated by his willingness to use race as a bludgeon, with falling poll numbers in every meaningful category and an increasingly aggressive tea-party opposition - how much longer before he cracks completely?

The coming months of political life are not going to be pleasant for Obama. Possessed by a self-perceived palatine mindset, that in his mind places him above criticism, how long before he cracks in public? Can  America risk a man with a documented track record of lying and misrepresenting truth as a basic way of life, who is becoming increasingly more contumelious?
Mychal Massie is chairman of the National Leadership Network of Black Conservatives-Project 21 - a conservative black think tank located in Washington, D.C. He was recognized as the 2008 Conservative Man of the Year by the Conservative Party of  Suffolk County ,  N.Y. He is a nationally recognized political activist, pundit and columnist. He has appeared on Fox News Channel, CNN, MSNBC, C-SPAN, NBC, Comcast Cable and talk radio programming nationwide. A former self-employed business owner of more than 30 years, Massie can be followed at mychal-massie.com.