All The News That Fits

Posts Tagged ‘Economy’

Love. This. Man.

Posted by necessarygrace on April 5, 2011

…this morning the new House Republican majority will introduce a budget that moves the debate from billions in spending cuts to trillions. America is facing a defining moment. The threat posed by our monumental debt will damage our country in profound ways, unless we act.



What’s in the Republican’s budget plan?

This budget proposes to bring spending on domestic government agencies to below 2008 levels, and it freezes this category of spending for five years. The savings proposals are numerous, and include reforming agricultural subsidies, shrinking the federal work force through a sensible attrition policy, and accepting Defense Secretary Robert Gates’s plan to target inefficiencies at the Pentagon.

As we strengthen and improve welfare programs for those who need them, we eliminate welfare for those who don’t. Our budget targets corporate welfare, starting by ending the conservatorship of Fannie Mae and Freddie Mac that is costing taxpayers hundreds of billions of dollars. It gets rid of the permanent Wall Street bailout authority that Congress created last year. And it rolls back expensive handouts for uncompetitive sources of energy, calling instead for a free and open marketplace for energy development, innovation and exploration.

Starting in 2022, new Medicare beneficiaries will be enrolled in the same kind of health-care program that members of Congress enjoy. Future Medicare recipients will be able to choose a plan that works best for them from a list of guaranteed coverage options. This is not a voucher program but rather a premium-support model. A Medicare premium-support payment would be paid, by Medicare, to the plan chosen by the beneficiary, subsidizing its cost.

This is what leadership looks like. Question is, how do we get the leaders of the democrat party to step up? Answer: Get the American people on board. No one likes a poll so much as Obama does. Share the video, share the articles, share your own thoughts with your friends and family. Most people hear the words “budget” and “cuts” and immediately decide they are against them. We need to do what we can, in our own circles of influence, to change that dynamic. Let History look back and call US the “Greatest Generation” because we have the courage to take responsibility and do what’s right. Let’s get behind Paul Ryan.

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Posted in Economy | Tagged: , , , , | 1 Comment »

Reform? Right.

Posted by liloladenvers on December 21, 2009

This is how I feel today, almost.  I”m not alone, 60% of the people in this country are with me, but the tanks of Congress keep rolling over us with the healthcare bill.  The Dems in the Senate who disagreed with some portion of the bill have been bought and paid for.  They let their voicemail boxes stay full so they wouldn’t have to listen to any more protests.  They ignored the emails flooding in, the turned a blind eye to the protesters outside and the constituents inside their office building pleading with them to stop.  There is no crisis that can be stayed by passage before Christmas, there is nothing, NOTHING, in the bill that will give more affordable, easier to obtain health care to anyone in the next three years.

So, I am dressed all in black today, head to toe.  In mourning ( I hope prematurely) for our country, our flag and our way of life.  Too many bills denying our freedoms, the greatest of which is this garbage filled health care bill.

Posted in American life, Community Organizing, Economy, Going crazy, Life, News, Obama, Politics, Stupid Government, That's outrageous, Uncategorized, Wave Bye Bye to Freedom | Tagged: , , , , , | Leave a Comment »

Numbers

Posted by liloladenvers on November 23, 2009

Orrin Hatch (R. – Utah) presented some figures to the Senate during the debate over cloture on Saturday.  The numbers were falling on deaf ears, so I’m reproducing them.  You can read  his complete remarks here.

• 0 – the number of provisions prohibiting the rationing of health care.
• 0 – the number of government-run entitlement programs that are financially sound over the long-term.
• 10.2 percent – our national unemployment rate, the highest in 26 years.
• 70 – total number of government programs authorized by the bill.
• 1,697 – times the Secretary of Health and Human Services is given authority to determine or define provisions in this bill.
• 2,074 – total pages in this bill.
• 2010 – the year Americans start paying higher taxes to pay for this bill
• 2014 – the year when this bill actually starts most of the major provisions of this bill
• $6.8 million – cost to taxpayers per word
• $8 billion – the total amount of new taxes on Americans who do not buy Washington-defined health care.
• $465 billion – Cuts in Medicare at a time when it faces a $38 trillion unfunded liability to finance more government spending.
• $494 billion – total amount of new taxes in this bill
• $2.5 trillion – the real cost of the bill
• $12 trillion – our total national debt

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Seven Ways to Make Health Care in America Better

Posted by liloladenvers on August 17, 2009

A wonderful column from Herman Cain.  He’s a great businessman, a logical thinker and fun to hear.  Enjoy!

My most recent column highlighted the massive ignorance about the U.S. health care system. Too many people want to fix the leaks in our health care roof by blowing up the building. Here’s a novel idea, let’s just fix the leaks in the roof, and here are seven solutions by Sally Pipes of the Pacific Research Institute.

Pipes explains each solution in more detail in her book, The Top Ten Myths of American Health Care, but these brief explanations will make you more knowledgeable about solutions to our health care system than 90 percent of the voting public. Taken together, there would be no involuntary leaks in the roof.

Change the tax code. Level the playing field by allowing employees to have the same tax deductibility rules as employers, which would make it possible for the employees to buy employee-owned health insurance accounts. People would then make more prudent choices, because it would be their money and not their employer’s money.

Reduce costly government mandates and regulations. Just look at Medicare and Medicaid. The more the government tries to control costs with mandates and regulations, the more costs go up and the quality of care goes down.

Allow the purchase of insurance across state lines. This one is more controversial, because the states are vastly different concerning mandated coverage and insurance regulations. But it is worth exploring for the sake of enhanced competition.

Expand Health Savings Accounts (HSAs). These accounts are available at most banks and allow you to save money tax-free for current and future health care expenses. But as usual, the government has set stupid limitations and regulations that discourage their use. One of the best features of the HSA is that money not spent from the account in a given year can be carried over to accumulate an emergency health care fund that you control. Imagine that. You control the money and not the government!

Support Retail Health Clinics. Wal-Mart and Target are opening health clinics in many of their stores. They are doing it despite some opposition from state bureaucrats and objections from some health professionals. These clinics are not hospitals, but they provide convenient and affordable basic services to millions of people. The clinics are staffed with medical professionals, and of course these retailers know that most people will fill their prescriptions in their stores and pick up some other items before they leave. So what?

Implement Tort Reform. When it costs doctors an average of $250,000 for malpractice insurance, something is wrong. This is driving a lot of doctors away from medicine and out of small towns that cannot generate this kind of medical ante. People’s legal rights need to be protected, but not to the extent that it eliminates health care in some areas altogether.

Provide Vouchers for the Working Poor and Chronically Ill. Brilliant! It is the same principle as providing food stamps for the people who need help buying food. Just like we would not ration food to make sure we feed the poor, we should not ration health care to take care of those who do not have it. Fix the “leaks” in the roof.

Every nation that has gone the route of socialized medicine has made access, cost and quality of care worse. We have an opportunity to get it right. Then why are the Democrats in Congress and the Obama Administration determined to take the U.S. in the same direction?

It’s not about health care, it’s about control.

Posted in Uncategorized | Tagged: , , | 1 Comment »

Tyrannosaurus Debt

Posted by Nancy on April 13, 2009

Maybe Congress and the White House should watch a little School House Rocks before voting to put more millstones of debt around our necks.

Former Treasury Secretary Paulson claimed the government had intervened enough at $267 billion; we are now approaching $2 trillion and still counting.  A big serving of change without much hope.

h/t:  Lilola and mysterious fishtank

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What’s So Funny?

Posted by necessarygrace on March 23, 2009

Bloggers and commentators are all abuzz this morning about the President’s 60 minutes interview last night. Mr. Obama just couldn’t stop smiling and giggling as he talked about the Dire Economic Crisis our country faces. It was so odd that Steve Kroft (the interviewer) actually asked him, “Are you punch drunk?”

My question for you is, Why is he laughing? Is it as Obama says, just a little “gallows humor”? Or is it nervous laughter – the President realizing how absolutely in over his head he is, as some have postulated? Or, could it be he is laughing in glee at the prospect of a destroyed economy that will give him the “crisis” he needs to implement all of his Socialist plans? What do you think? And are we yet over the delusion that this man is some kind of “Great Orator” who knows just how to connect with the American people? Because I’m pretty sure there are very few people who find these massive bailouts very funny.

Posted in Economy, Obama | Tagged: , | 2 Comments »

A Trillion Dollars Worth Of Kumbaya

Posted by necessarygrace on January 6, 2009

It was only a few months ago that the financial walls came tumbling down and the Whitehouse pushed a massive bailout plan through congress in record time. Said bailout plan was supposedly the only thing standing between America and the Next Great Depression. When it did not in fact prove to be an instant miracle cure, Secretary Paulson decided to completely change the terms of the bailout – a key provision in the bailout bill gave him carte blanche to do whatever he pleased with America’s money. And yet, still no instant cure. Just billions more in national debt.

Cue the Savior-Elect, President HopeAndChange:

President-elect Barack Obama laid his huge economic stimulus plan before Congress on Monday and received warm support from Republicans on his first full day of work in Washington.” (Washington Times, 1/6/09)

Wait, hold on a second, did I just read that right? The huge plan “received warm support from Republicans” ?

How quickly they forget. How easily their support can be bought.

Obama has included a “tax cut package” – but this is no conservative tax plan, not by a long stretch.

Suitably Flip makes the distinction in a post titled, “The $300 Billion Tax Cut That Isn’t”:

On the whole, these tax “cuts” represent significant expansion of government intervention and of wealth redistribution (which is something akin to the opposite of tax cuts).

And that 750 billion on the last bailout suddenly looks like a good deal – Obama’s plan starts at 800 billion and is already being predicted to go well over a trillion. That’s not the entire budget folks, that’s just the new “stimulus” package.

So I’m just wondering, did I miss something here? Aren’t the Republicans supposed to be the opposition party? Isn’t the idea of the two-party system to provide a little balance? I’ve heard of a “honeymoon” period for the new president but this is ridiculous. Now is not the time to ram through the largest spending plan in history all for the sake of “bipartisanship.” (You can bet the Democrats would not be so agreeable, were it President-elect McCain we were talking about.) How about showing a little spine? How about remembering those who elected you – and the conservative ideals you espoused. You may not win this round and the press would certainly try to make you the villain, but let’s face it, that’s going to happen regardless. I say if you’re going down, you at least ought to go down fighting. Republicans, don’t your constituents deserve that much?

Posted in Economy, Obama, Politics | Tagged: , | Leave a Comment »

Rahm Emanuel: Don’t Waste A ‘Serious Crisis’

Posted by necessarygrace on November 21, 2008

Rahm Emanuel, President-Elect Obama’s appointed Chief of Staff and Mouthpiece To The Press shared their plans for the Obama Presidency.

Vodpod videos no longer available.

You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before.”

And by a completely unrelated coincidence, I happened to find this article about the German Interior Minister’s views on politics during times of crisis.

“We learned from the worldwide economic crisis of the 1920s (1930s) that an economic crisis can result in an incredible threat for all of society. The consequences of that depression was Adolf Hitler and, indirectly, World War II and Auschwitz,”

Posted in News, Obama | Tagged: , , , , , | 45 Comments »

Thomas Sowell on Obama

Posted by Nancy on November 9, 2008

I read recently that the federal government is borrowing $550 BILLION in the third quarter of this year, with more planned for next year.  Counting the stimulus package earlier this year (chump change at less than $200 billion), the government is set to borrow almost $1 trillion in less than a year’s time.  

That is unsustainable, and we are in for rough times no matter who is living at 1600 Pennsylvania Av.

Today’s paper carries the news that Treasury Secretary Ben Bernanke is asking for another multi-billion dollar stimulus package on top of everything else.  Send everyone another check to stimulate the economy, and watch them put it in the bank or pay down already existing debt instead of going out and spending it.  That’s what happened to most of the last one. 

Others in Washington are floating the idea of taking the same amount of money and using it to rebuild the nation’s crumbling infrastructure – roads, bridges, etc.  Now that is something worthwhile, something that the country needs, something that would get money into the economy by paying people to work. 

Meanwhile, Thomas Sowell gives us a glimpse of what he expects out of our new president-elect.

After the big gamble on subprime mortgages that led to the current financial crisis, is there… an even bigger gamble, by putting the fate of a nation in the hands of a man whose only qualifications are ego and mouth?

Barack Obama has the kind of cocksure confidence that can only be achieved by not achieving anything else.

Anyone who has actually had to take responsibility for consequences by running any kind of enterprise — whether economic or academic, or even just managing a sports team — is likely at some point to be chastened by either the setbacks brought on by his own mistakes or by seeing his successes followed by negative consequences that he never anticipated.

The kind of self-righteous self-confidence that has become Obama’s trademark is usually found in sophomores in Ivy League colleges — very bright and articulate students, utterly untempered by experience in the real world. (snip)

For someone who has actually accomplished nothing to blithely talk about taking away what has been earned by those who have accomplished something, and give it to whomever he chooses in the name of “spreading the wealth,” is the kind of casual arrogance that has led to many economic catastrophes in many countries.

The equally casual ease with which Barack Obama has talked about appointing judges on the basis of their empathies with various segments of the population makes a mockery of the very concept of law.

After this man has wrecked the economy and destroyed constitutional law with his judicial appointments, what can he do for an encore?  He can cripple the military and gamble America’s future on his ability to sit down with enemy nations and talk them out of causing trouble.

Only time will tell if he is right or just being curmudgeonly.  One thing’s for certain, and that is he’s not being racist.  He is  a black conservative columnist and academic economist at Stanford University who opposes Marxism and supports free market capitalism. 

Sowell grew up poor and dropped out of high school, moved out on his own at age 17, worked several jobs, was drafted into the army, and later went on to graduate magna cum laude from Harvard, get a masters from Columbia, and a doctorate from the University of Chicago.

He knows economics, and he thinks he knows Barack Obama.

Posted in Politics | Tagged: , , , | 1 Comment »