Don't watch the ball,watch the quarterbacks eyes.This is standard practice for a good defensive safety.It needs to be for Obama politics as well.He is diverting our attention to his claim that he will reduce the budget deficit to $533 billion by the end of his first term.That in itself is no claim to fame as that amount would qualify as the largest deficit in history,present year excluded.
What he's not promoting,however,is the effect on the accumulated Federal debt.By his number projections,he estimates the total gross Federal debt at the end of 2012 to be $16.193 trillion.That's an increase of $6.207 trillion dollars in just his first term!An average of $1.55 trillion per year!
Obama,of course,will claim credit for his inherited deficit.OK,we'll give him a credit of $1.19 trillion for the CBO projected deficit for 2009.That still leaves Obama 100% responsible for $5.017 trillion.Care to go out 10 years?The debt will climb to $23.140 trillion dollars.I'm not sure Parker Brothers could print that much Monopoly money.Even if they could,imagine the save the planet crowd with that many trees killed.
One more X factor is his claim on accounting for the stimulus.He only claims 33% of the amount on stimulus or bailout spending expecting a 2/3 return on the investment.If this is true that he's only using 1/3 of the amount spent for accounting purposes,would it be unreasonable to state that the true amount spent is 2/3 higher?Transparency at it's finest!More to come...
Thursday, February 26, 2009
Why?
Stressing out about the economy?Concerned if your Government can save the country from collapse?Still not sure if you made the right choice in the voting booth?The solution is simple.Be a cynic!
Give it a try,it really works!I practice it daily and spend my time tip-toeing thru the tulips!Why,you may ask?Even if you didn't ask,I'll tell you why.
Don't you just marvel at the media debating the merits of Obama's actions so far?They spend countless hours breaking down his bills,executive orders,policies,etc.The inevitable comparisons to previous administrations and alternative styles of Government are rampant.It's all for naught.The basic premise is flawed thus prohibiting any rational conclusions.I'll explain.
People wonder if the stimulus will work.If it's large enough,small enough,has enough tax cuts,enough spending on the right things,too much pork,too much debt,etc.You can debate the merits for eternity,yet it won't change the simple fact that fixing the economy was never the intent.The intent is the Liberal social agenda and securing a larger voting block for the future.This is why you can't reach a reasonable conclusion.The things he is doing don't seem to logically address the economy because they aren't meant to.
There are many different layers of conspiracy theorists ranging from the simple Big Brother is watching to the Illuminati wiping out 80% of the population and enacting the New World Order.I don't know enough factual information to draw conclusive proof of any of them.I just prefer being a simple skeptic and always questioning why.I don't have to stress out about my party being in or out of power and the resulting issues.
We all know politicians lie and cheat.I could never extend trust to someone I don't personally know.I have no use for speeches,only results and actions matter.The laundry list of questions surrounding Obama and his background and qualifications should suffice to deter anyone from electing him.I contend that if he were not African-American,he would never have been elected.Most people celebrate the fact we finally got over the hump and elected a President despite the color of his skin.I say the opposite is true.He got elected because of the color of his skin.All the rhetoric about hope and change are fine,but any of the old guard white politicians could have tried that and not won.Wasn't McCain the proven maverick?
When someone is elected for superficial reasons,people's judgement is skewed.Lately,all you hear is that Obama must be more positive,less gloom and doom.That's simply a political strategy to get policy enacted.People base judgement on irrelevant factors such as style,delivery,tone,expressions,etc.The people down on their luck need the promises and compassion to give them hope because they lack the means to save themselves.This could be willpower,financial,education,etc.Fear is an effective means of compliance with people in this state.
So,I think much time and energy is being expended searching for the thinking process of Obama in trying to solve the economic crisis.If people would be more cynical,you can more clearly see issues in black and white.As great a document our Constitution is,it can't wholly account for the shortcomings of man.Lust for greed,power and money is just too intoxicating for many people.Politicians are just people and those weaknesses rise up when the carrot is dangled.Of course,if we were all good Christians living the life the Lord intended,we wouldn't need a Constitution.More to come...
Give it a try,it really works!I practice it daily and spend my time tip-toeing thru the tulips!Why,you may ask?Even if you didn't ask,I'll tell you why.
Don't you just marvel at the media debating the merits of Obama's actions so far?They spend countless hours breaking down his bills,executive orders,policies,etc.The inevitable comparisons to previous administrations and alternative styles of Government are rampant.It's all for naught.The basic premise is flawed thus prohibiting any rational conclusions.I'll explain.
People wonder if the stimulus will work.If it's large enough,small enough,has enough tax cuts,enough spending on the right things,too much pork,too much debt,etc.You can debate the merits for eternity,yet it won't change the simple fact that fixing the economy was never the intent.The intent is the Liberal social agenda and securing a larger voting block for the future.This is why you can't reach a reasonable conclusion.The things he is doing don't seem to logically address the economy because they aren't meant to.
There are many different layers of conspiracy theorists ranging from the simple Big Brother is watching to the Illuminati wiping out 80% of the population and enacting the New World Order.I don't know enough factual information to draw conclusive proof of any of them.I just prefer being a simple skeptic and always questioning why.I don't have to stress out about my party being in or out of power and the resulting issues.
We all know politicians lie and cheat.I could never extend trust to someone I don't personally know.I have no use for speeches,only results and actions matter.The laundry list of questions surrounding Obama and his background and qualifications should suffice to deter anyone from electing him.I contend that if he were not African-American,he would never have been elected.Most people celebrate the fact we finally got over the hump and elected a President despite the color of his skin.I say the opposite is true.He got elected because of the color of his skin.All the rhetoric about hope and change are fine,but any of the old guard white politicians could have tried that and not won.Wasn't McCain the proven maverick?
When someone is elected for superficial reasons,people's judgement is skewed.Lately,all you hear is that Obama must be more positive,less gloom and doom.That's simply a political strategy to get policy enacted.People base judgement on irrelevant factors such as style,delivery,tone,expressions,etc.The people down on their luck need the promises and compassion to give them hope because they lack the means to save themselves.This could be willpower,financial,education,etc.Fear is an effective means of compliance with people in this state.
So,I think much time and energy is being expended searching for the thinking process of Obama in trying to solve the economic crisis.If people would be more cynical,you can more clearly see issues in black and white.As great a document our Constitution is,it can't wholly account for the shortcomings of man.Lust for greed,power and money is just too intoxicating for many people.Politicians are just people and those weaknesses rise up when the carrot is dangled.Of course,if we were all good Christians living the life the Lord intended,we wouldn't need a Constitution.More to come...
Tuesday, February 24, 2009
Marketing 101
Doesn't it sound wonderful?Reduce the deficit in half by the end of his first term?Real progress and a likely 2nd term.I wonder...
When you go to the store and see 50% off,2 for the price of 1,buy one get one free.They all sound good and they are all exactly the same.Eye of the beholder.Except that the discount is off the suggested retail price,or worse yet,the suggested list price,which nobody ever pays.
HELLO!Is anybody watching here?Reducing the deficit to $533 billion as Obama is claiming is still higher than any deficit in history!This will be success?Change?No more 8 years of failed Bush policies?
It sounds insane and no common sense thinking person would buy it.This is why it's virtually guaranteed to be a success if he pulls it off(which I don't think he can,by the way).The sheep will love it and praise Obama.Lower the bar so low that any reduction is seen as a positive.
Still need another analogy?Ever try to trade in your car for a new one?The price of the new car is $25,000 if you walk in and pay cash.However,the dealer is going to help you out and pay you twice what your old clunker is worth on trade.Your piece of junk was only really worth $600,but the dealer gave you $1200.You make the deal feeling like you pulled one over on the dealer.Until you read the details and found out you paid $2,000 more for the car than you thought.
Watch the liberal polls after Obamas speech tonight.They will love it as the money keeps falling out of the hole in their pocket.More to come...
When you go to the store and see 50% off,2 for the price of 1,buy one get one free.They all sound good and they are all exactly the same.Eye of the beholder.Except that the discount is off the suggested retail price,or worse yet,the suggested list price,which nobody ever pays.
HELLO!Is anybody watching here?Reducing the deficit to $533 billion as Obama is claiming is still higher than any deficit in history!This will be success?Change?No more 8 years of failed Bush policies?
It sounds insane and no common sense thinking person would buy it.This is why it's virtually guaranteed to be a success if he pulls it off(which I don't think he can,by the way).The sheep will love it and praise Obama.Lower the bar so low that any reduction is seen as a positive.
Still need another analogy?Ever try to trade in your car for a new one?The price of the new car is $25,000 if you walk in and pay cash.However,the dealer is going to help you out and pay you twice what your old clunker is worth on trade.Your piece of junk was only really worth $600,but the dealer gave you $1200.You make the deal feeling like you pulled one over on the dealer.Until you read the details and found out you paid $2,000 more for the car than you thought.
Watch the liberal polls after Obamas speech tonight.They will love it as the money keeps falling out of the hole in their pocket.More to come...
Monday, February 23, 2009
Oxy-MORONS!
Hypocrisy is running wild even for beltway politics.Usually politicians try to deflect,shift or somehow deceive you from what is really going on.Today the status quo appears to be simply to do the total opposite.Obama just increased the deficit $800 billion with his stimulus.Now he wants to cut spending about $800 billion.He runs the self proclaimed most transparent administration in history yet no one has any idea where the backdoor TARP money went,if Obama is a legal citizen,whether lobbyists are allowed in the cabinet,whether or not candidates should accept campaign contributions,whether or not you should pay your taxes,etc.It's just like the kiss of death for a sports coach when the owner gives them the vote of confidence.You know they'll be fired soon.So I guess that's the most accurate way to read this administration so far.
Do you think we should allow China to participate in any Congressional spending debates?Since they are picking up the tab,shouldn't they have some say in the process?
I wonder where the outrage is on SS?Remember,it's in dire straits and will run out of money soon yet we are using the SS payroll tax receipts to fund the tax cuts.
The only hopeful scenario I can see is that once America experiences the full effect of the Obama travesty,maybe they will finally step out in frustration and vote both Democrat and Republican political hacks out.The conspiracy theorists tell us to fear the New World Order.Could it be worse than the order in place?More to come...
Do you think we should allow China to participate in any Congressional spending debates?Since they are picking up the tab,shouldn't they have some say in the process?
I wonder where the outrage is on SS?Remember,it's in dire straits and will run out of money soon yet we are using the SS payroll tax receipts to fund the tax cuts.
The only hopeful scenario I can see is that once America experiences the full effect of the Obama travesty,maybe they will finally step out in frustration and vote both Democrat and Republican political hacks out.The conspiracy theorists tell us to fear the New World Order.Could it be worse than the order in place?More to come...
Sunday, February 22, 2009
Jenny says I'll take it!
Our lovely Governor here in Michigan is salivating.Several states are planning on rejecting stimulus funds which would force state unemployment law changes permanently even after the Federal funds are gone.No shame here as the good Governor needs a bailout big time regardless of any long term fallout.Let the next Governor deal with that.She will be the first in line at the handout counter to help save her budget that she can't manage herself.
In a normal failing enterprise,the people in charge would do everything possible to keep someone like this hidden away with her horrific track record.Not the Liberals.They put here front and center as an example of pity needing the good taxpayers help.8 years of failed Bush policies have forced the woeful status of Michigan according to the left,no fault of the Governors.
It appears that the good citizens of Michigan agree as they voted her in for another term.As I have stated here previously and others point out as well,the fault lies with the public.The voters are to blame.They keep getting what they ask for and nothing will change until they vote out the entire gang of bums.Just switching back and forth between only slightly different Republicans and democrats will get you the same results.More to come...
In a normal failing enterprise,the people in charge would do everything possible to keep someone like this hidden away with her horrific track record.Not the Liberals.They put here front and center as an example of pity needing the good taxpayers help.8 years of failed Bush policies have forced the woeful status of Michigan according to the left,no fault of the Governors.
It appears that the good citizens of Michigan agree as they voted her in for another term.As I have stated here previously and others point out as well,the fault lies with the public.The voters are to blame.They keep getting what they ask for and nothing will change until they vote out the entire gang of bums.Just switching back and forth between only slightly different Republicans and democrats will get you the same results.More to come...
Friday, February 20, 2009
$11,027.77 per second wasted!
This is what we spend every second 24/7/365 on Federal debt interest.It works out to about $325 billion annually since 1988 based on U.S. Treasury statistics.We get absolutely nothing in return for this.At least the wasteful stimulus bill provides some infrastructure.Yet at the same time the stimulus contributes to this interest dilemma as well.
We are bailing out all sorts of industries with reckless deficit spending and social program expansions not related to economic growth.Yet the problem of the Federal debt and it's interest is discarded as a problem for another day,another generation to solve.That strategy is running out of gas.
The actual debt is apparently based on your point of view.The debt categorized as public debt is agreed upon as fact.It is approximately $6.5 trillion today.This is debt owed to private investors,corporations,Governments,etc.Yes,this includes China,Russia,Japan,Saudi Arabia,etc.The other category is intragovernmental holdings which is a gray area.The current total is about $4.3 trillion.This is debt owed to other Government agencies.Some refer to this as a simple accounting trick by shifting funds around.However,if you do include it as legitimate,the $2.6 trillion owed to the SS and Medicare trust funds are not included and should be.This makes the total $13.4 trillion overall.This doesn't include any of the bailout spending currently happening.
We spent $131 billion in the first quarter of this year on Federal debt interest,a pace of $524 billion for 2009.Add in the $271 billion we spent last year and guess what?The $795 billion wasted in just these 2 years would have paid for the hotly debated stimulus bill.Think about that for a minute.We have seen all of the examples trying to put in perspective how large the $789 billion dollar stimulus is,and that very amount is going down the toilet without a word said.Those that continue to say the debt and the interest don't matter should shut their pie holes.
Have you been watching the evening news?Governments around the world are in trouble and many in far worse shape than us.The day is coming very soon when these Governments stop financing our debt spending due to their own internal problems.That will leave the Federal Reserve itself as the only buyer left for financing our debt.Talk about accounting tricks.There really are limits to Government spending.President Obama,are you listening?The fallout will be dramatic.More to come...
We are bailing out all sorts of industries with reckless deficit spending and social program expansions not related to economic growth.Yet the problem of the Federal debt and it's interest is discarded as a problem for another day,another generation to solve.That strategy is running out of gas.
The actual debt is apparently based on your point of view.The debt categorized as public debt is agreed upon as fact.It is approximately $6.5 trillion today.This is debt owed to private investors,corporations,Governments,etc.Yes,this includes China,Russia,Japan,Saudi Arabia,etc.The other category is intragovernmental holdings which is a gray area.The current total is about $4.3 trillion.This is debt owed to other Government agencies.Some refer to this as a simple accounting trick by shifting funds around.However,if you do include it as legitimate,the $2.6 trillion owed to the SS and Medicare trust funds are not included and should be.This makes the total $13.4 trillion overall.This doesn't include any of the bailout spending currently happening.
We spent $131 billion in the first quarter of this year on Federal debt interest,a pace of $524 billion for 2009.Add in the $271 billion we spent last year and guess what?The $795 billion wasted in just these 2 years would have paid for the hotly debated stimulus bill.Think about that for a minute.We have seen all of the examples trying to put in perspective how large the $789 billion dollar stimulus is,and that very amount is going down the toilet without a word said.Those that continue to say the debt and the interest don't matter should shut their pie holes.
Have you been watching the evening news?Governments around the world are in trouble and many in far worse shape than us.The day is coming very soon when these Governments stop financing our debt spending due to their own internal problems.That will leave the Federal Reserve itself as the only buyer left for financing our debt.Talk about accounting tricks.There really are limits to Government spending.President Obama,are you listening?The fallout will be dramatic.More to come...
Thursday, February 19, 2009
Wishful thinking
Wish List
-require federal debt ceiling limit increases to be on a stand-alone bill requiring a 3/4 majority vote in both houses.
-establish a Federal Constitutional Review Board which must sign off on all Federal Legislation prior to it becoming law to insure no provisions of the Constitution are violated.This Board should be comprised of 12 members,6 from the House and 6 from the Senate divided equally between the majority and minority parties.Members will be appointed by each parties leaders in their respective House of Congress prior to the start of each new session of Congress.The equal number provision is intentional to require at least 1 crossover vote to prevent partisan party line voting.
-a balanced budget Amendment
These would be impossibly difficult to get enacted due to the power being stripped from members of Congress.But they would do wonders for reining in our out of control Congress.More to come...
-require federal debt ceiling limit increases to be on a stand-alone bill requiring a 3/4 majority vote in both houses.
-establish a Federal Constitutional Review Board which must sign off on all Federal Legislation prior to it becoming law to insure no provisions of the Constitution are violated.This Board should be comprised of 12 members,6 from the House and 6 from the Senate divided equally between the majority and minority parties.Members will be appointed by each parties leaders in their respective House of Congress prior to the start of each new session of Congress.The equal number provision is intentional to require at least 1 crossover vote to prevent partisan party line voting.
-a balanced budget Amendment
These would be impossibly difficult to get enacted due to the power being stripped from members of Congress.But they would do wonders for reining in our out of control Congress.More to come...
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