Thursday, October 13, 2011

Federal Spending is UP!

Despite all of the rhetoric coming out of Washington
about cutting federal spending and living within our
means, the numbers don't lie. According to the recently
released numbers by the Congressional Budget Office, our
Federal Government spending was up 5% in 2011 over what
we spent in 2010. This marks the largest year of budget
expenditures in our nation's history.
The Federal government spent an alarming $3.6 trillion
dollars in 2011, more than the previous year and even
more than 2009 when President Obama pushed his failed
Stimulus package through an attempt to spend us out of
a recession.

Thursday, October 6, 2011

Taxpayers Supporting Obama Campaign?

Tom Carnahan gets money from Obama for a fake solar company
and then hosts a fundraiser for Obama? So that’s taxpayer
money that Tom Carnahan got — that’s your and my money that
Obama’s giving away in loan guarantees — to a fake solar firm,
then he heads into St. Louis for a $25,000-a-plate fundraiser.
He’s getting the money back. So what Obama has done, and
numerous times, is generate campaign contributions that are
taxpayer dollars.
Source: ConservativeByte.com

Saturday, October 1, 2011

The Great Republican Sellout of 2011

In the November 2010 election, many conservatives were
elected to Congress. One of the key promises of these
was their Pledge to America. One promise was a $100B
spending cut. This was done with H.R. 1 but was not
considered by the Senate.
For years the Federal Government is being run on a
series of Continuing Resolutions. Because all
appropriations bills must originate in the House of
Representatives, the 2011 Republican-majority House had
a golden opportunity to force the Federal government to
cut profligate spending. Each time the President and the
Senate allowed a “crisis” to occur before a “compromise”
was passed. The spring compromise resulted in spending
“cuts” of only $35B. Most of these were non-recurring
costs like the Census, so the real cuts were about $352M
from a budget of $3,800,000M. Conservatives were sold
out by Speaker Boehner and Majority Leader Cantor.
Another golden opportunity for real cuts was the
“requirement” to raise the debt ceiling. This need was
again allowed to escalate to a “crisis”, and the credit
rating of the United States of America received a negative
warning and then a downgrade. Conservatives were again
sold out by Speaker Boehner and Majority Leader Cantor.
An immediate increase to debt ceiling of $1T was countered
with “promises to cut spending” to be determined later
(after Thanksgiving) by a “super-committee.”
The President had already formed the 2010 National
Commission on Fiscal Responsibility and Reform
which
published their extensive report in December 2010. Few if
any recommendations from the 8-month study have been
implemented.
Since Congress has failed again to agree on a budget,
another Continuing Resolution has now been passed to fund
the Federal Government into FY2012. No meaningful spending
cuts were made. The House of Representatives vote was a
voice vote. Conservatives were again sold out by Speaker
Boehner and Majority Leader Cantor.