Cuts in place, Obama and GOP brace for next fight

Various sectors hit with spending cuts
Associated Press
Mar 3, 2013

 

 

Severe spending cuts now the law of the land, President Barack Obama and congressional Republicans refused Saturday to concede any culpability for failing to stave off what both parties acknowledged was a foolhardy way to slash $85 billion in federal spending.

The still-fragile economy braced itself for the gradual but potentially grave impact of the across-the-board cuts, which took effect Friday night at the stroke of Obama's pen. Hours earlier, he and congressional leaders emerged from a White House meeting no closer to an agreement.

Even as they pledged a renewed effort to retroactively undo the spending cuts, both parties said the blame rests squarely on the other for any damage the cuts might inflict. There were no indications that either side was wavering from entrenched positions that for weeks had prevented progress on a deal to find a way out: Republicans refusing any deal with more tax revenue and Democrats snubbing any deal without it.

"None of this is necessary," Obama said in his weekly radio and Internet address Saturday. "It's happening because Republicans in Congress chose this outcome over closing a single wasteful tax loophole that helps reduce the deficit."

The president said the cuts would cause "a ripple effect across the economy" that would worsen the longer they stay in place, eventually costing more than 750,000 jobs and disrupting the lives of middle-class families.

In the Republican-controlled House, GOP lawmakers washed their hands of the mess, arguing that bills they passed in the last Congress to avert the cuts absolved them of any responsibility. Those bills passed with little to no Democratic support and were never taken up by the Senate.

"We've done the work and shown that these choices can be made in a responsible, thoughtful way," said Rep. Cathy McMorris Rodgers of Washington in the GOP address.

Obama was holding out hope that as Americans start feeling the effects of the sequester — the term used for the automatic spending cuts — public pressure will force lawmakers back to the table. Ever wary that such fiscal fiascos could jeopardize the rest of his second-term agenda, Obama vowed in his weekly address to keep pushing reforms on immigration, preschool, gun violence and transportation.

But attention was already turning to the next major budget hurdles, with less than a month to negotiate a plan to fund the government beyond March 27 and a debt-ceiling clash coming in May.

Hopes that a measure to undo the spending cuts could be wrapped into a March deal to keep the government running dimmed Friday when both Obama and House Speaker John Boehner said they'd prefer to keep the two issues separate.

"I'm hopeful that we won't have to deal with the threat of a government shutdown while we're dealing with the sequester at the same time," Boehner said.

 

Comments

2cents's picture
2cents

"was a foolhardy way"

I looked up the pronunciation of this!

http://www.howjsay.com/index.php...

LOL, off to work kids, working like a farm animal this week, have fun....

Contango

Before sequester, over the next 10 yrs., Fed spending was set to increase by 7% per yr.

With the draconian and apocalyptic sequester "cuts," spending will only go up by 6.9% per yr.

Not to worry boys and girls, the U.S.' trip of spending itself into the fiscal, financial and economic ashcan of History is still doable.

http://video.cnbc.com/gallery/?v...

coasterfan

Republicans will forever have zero credibility on this issue, since they were completely silent about deficit spending until Obama came into office. Bush increased federal spending an average of 8% per year during his 8 years in office. That's what putting two unnecessary wars on the country's credit card, while giving unnecessary huge tax breaks to the 1% will do for you. Obama, by comparison, increased spending less than 2% per year during his first term. Could Republicans possibly be more hypocritical?

Contango

@ coasterfan:

Not to worry, both Pres. Kennedy and LBJ began kicking up spending.

LBJ's Vietnam escalation amounted to deficit spending. Hence the need to STEAL SS and offload Fannie Mae in order to balance his 1969 budget.

Pres. Eisenhower was a pretty good budgeter.

Decreased spending? An accounting trick since the TARP paybacks were put into the numbers.

The Big Dog's back

winnie, how'd we pay for Bush's adventures in Iraq?

swiss cheese kat

Obama, of course, is not ending the war in Afghanistan.

The Big Dog's back

How'd we pay for Bush's Medicare Part D?

swiss cheese kat

How are millions of Americans gonna pay for obamacare?

The Big Dog's back

How'd did we make up revenue for Bush's giant tax cuts to the rich?

real talk

"I am not worried about the deficit. It is big enough to take care of itself."
Ronald Reagan

The GOP has 0 credibility when it comes to the debt

Contango

A "joke" at a dinner, not unlike Pres. BHO talkin' about dog being tasty.

Contango

Point:

The Revolutionary War was unfunded.
Mr. Lincoln's War was unfunded.
FDR's WW2 was unfunded
Truman's Korea was unfunded
Johnson's Vietnam was unfunded.

Name me a war which was funded.

The Big Dog's back

Name me a U.S. war where taxes for the rich were cut.

The Big Dog's back

Desperate for more military funding, Johnson proposed a six-percent surcharge tax on personal and corporate incomes. Johnson's tax proposal, approved by Congress in March 1967,

The Big Dog's back

During World War II, federal revenues roughly tripled as a share of the gross domestic product (GDP) and the number of people paying income taxes expanded tenfold, from 3% of the population in 1939 to 30% by 1943. In 1940, a family of four needed close to $80,000 of income in today's dollars before it paid any federal income taxes at all. By the war's end, it saw its effective tax rate rise from 1.5% to 15.1%. (Today such a family only pays a federal income tax rate of about 6%.) But taxes weren't the only way the war was paid for. Spending on nondefense programs was cut almost in half, from 8.1% of GDP in 1940 to 4.4% in 1945.

Even during wars closer in magnitude to those in which we are presently engaged, significant sacrifices were made. In 1950 and 1951 Congress increased taxes by close to 4% of GDP to pay for the Korean War, even though the high World War II tax rates were still largely in effect. In 1968, a 10% surtax was imposed to pay for the Vietnam War, which raised revenue by about 1% of GDP. And there was conscription during both wars, which can be viewed as a kind of tax that was largely paid by the poor and middle class--young men from wealthy families largely escaped its effects through college deferments.
winnie with more bullspit.

Contango

So you're arguing that marginal federal income tax rates should be raised on everyone?

goofus

I assume you can source your statistics or are you going to Coasterfanmedia.com lol

John Harville

Whoa... Lincoln got Congress to pass the income tax to fund the Civil War.

John Harville

Contango... name me some sources to support your facts.

August 5, 1861 Lincoln signs the Revenue Act establishing the first Income Tax... to pay for 'his' Civil War. Google it, fool.

Victory Tax of 1942 - "FDR's War"

Liberty Bonds - citizens 'paid' for WWI - what JPMorgan didn't 'loan'

Well, I just named three or four.

mikel

your numbers don't make sense. prezo has outspent bush so the percentage of increase has to greater under prezo. once again, are you talking about the wars that senator's obama, biden, kerry, clinton, pelosi and reid all voted to support???? they are as culpable as bush for those wars.

John Harville

Mikel... Constitutionally, the President doesn't spend. That would be Congress - specifically the House.

60% of the National Debt is owed to the citizenry of the United States - that's us... bonds, treasury notes, construction bonds etc., interest...

Income actually was up in January and has ....

Oh, what's the use. You want to blame the president for everything - even chicken pox, Im sure.

goofus

People a classic example of how the left actually feels. Give the people money,phones,foddstamps,and whatever for they are voting blocs to keep them in power. Notice how John Harville trivializes the contribution of the American public with the bonds and notes they purchase for retirement or whatever because they still might believe in the sysytem. Does not the money owed to the people who used their hard earned money to purchase bonds and notes mean less than the debt to a foreign government. You worked hard for your money but the left could care less because you WORKED for it. A classic understatement income was up, certainly maroon, president Harrison J. Bounell raised taxes!!!!

KnuckleDragger

LOL. Still can't believe the sequester was Obama's idea, ehh? Here we are in Obama's second term and you lame brains are still blaming Bush? It is simply amazing how long liberals can sit in denial. There is some hope though, I see the MSM is now starting to grow irritated with Obama (except MSNBC of course) and is starting to ask him tough questions.

goofus

And your statistical proof comes from who? Coasterfan media once again!!!

John Harville

Forbes::: Deficit has dropped $300 billion - to $845 billion - since Obama took office in 2009.
Deficit will drop to $430 illion by next fiscal year end in September.
But it's still a deficit and will begin to increase without a combination of cuts in spending and increase in taxes.
Obama's administration has collected $2.7 trillion in taxes.

goofus

What deficit are you talking about, the national debt clock hasn't gone down and we have no budget for a baseline reading, just continous resolutions!!!

Speakezy

I bet you could cut waste on the welfare system and it would double the sequester dollars. Most of that money could be had by only allowing the SNAP card losers to only buy healthy food items at the store! No pop and chips and candy. Better yet have a state store or section in a store that only those with SNAP cards can shop. And by the way this is why we need TERM LIMITS in Congress!

The Big Dog's back

Actually it wouldn't. Cutting Corporate welfare and tax loop holes for the rich would.

Contango

Let Congress and the Pres. dust off and debate the National Commission on Fiscal Responsibility and Reform recommendations which Pres. BHO asked for and then ignored.

The Big Dog's back

Playin dodgeball again?

Contango

Yea, it's just easier for Pres. BHO to simply campaign and demagogue rather than actually act like a leader.

John Harville

Lowering deficit by $300 billion during his first term is not the action of a leader?

Reducing the deficit in January is not the action of a leader?

Darwin's choice

Or, how about cutting foreign aid? That in itself would more than likely wipe out a massive amount of our debt!!!

Fromthe419

Actually we spend about 70B in foreign aid, had to look it up because I had no clue how much we give away. 56B for foreign aid and diplomacy and 14B to train armies and acquire weapons. I thought it would be a lot more.
http://nationalpriorities.org/bl...

Contango

As a campaign pledge, Pres. BHO promised to DOUBLE the amt. of funding for foreign aid.

"If elected, he said, he would double foreign aid to $50 billion by 2012, which would be the final year of his first term."

http://www.nytimes.com/2007/04/2...

"An increase, but nowhere close to double":

http://www.politifact.com/truth-...

coasterfan

Let's cut foreign aid and the defense budget. We spend as much on defense as the next 14 countries COMBINED.

Contango

coasterfan writes:

"Let's cut foreign aid and the defense budget."

Ain't gonna happen under your pal, Pres. BHO.

coasterfan

Yeah, but a guy can hope. We know for certain that it wouldn't happen under a Republican president, since they see warmongering as a birthright. Luckily, we won' t have to worry about that until at least 2020.

Contango

coasterfan writes:

"Yeah, but a guy can hope."

Still waitin' for the ol' "hope and change" eh? lol

Pres. Obama is and has sent troops to Africa, Poland and he's opening a new base in Australia.

Reads more like fantasy.

Why won’t you reveal what you taught? Enjoy your taxpayer guaranteed health and welfare bennies.

Pay attention to IL - comin' to a state near you.

http://articles.chicagotribune.c...

The Dems own this fiscal cow pie lock, stock and barrel.

KnuckleDragger

Funny how libs only want the cuts focused on one of the only things the Constitution mandates the federal govt' to oversee. The cuts should come from welfare programs.

mikel

no new tax increase until prezo gives a detailed report as to just how he will spend those dollars. it is very simple, make a budget. we all know, even the lefties, that the more money gets the more foolish spending he will do.

the aid bill for hurricane sandy was a prime example.

maybe prezo can make jesse jackson jr a member of his cabinet as he has all of the requirements that prezo looks for!!!

Contango

@ mikel:

JJ, jr.? Maybe when he gets outa the slammer. ‘Course he could always pardon him.

He's already gotten sleaze ball Jack Lew for Treasury Sec'y. Heck, the only Dem that didn't vote to confirm was Bernie Sanders! lol.

For one he obviously supports Cayman Is. accounts.

http://online.wsj.com/article/SB...

The Big Dog's back

Let me know when President Obama even comes close to the Bush crime family.
http://en.wikipedia.org/wiki/Lis...

swiss cheese kat

When are you losers gonna quit blaming Bush?

deertracker

It's not blame when it is true. They are called facts, you just don't like hearing them. Truth hurts!

swiss cheese kat

The truth is Bush is long gone and is history and you liberals just cant seem to understand that fact.

arnmcrmn

They blame Bush because thats what liberals do. Obama has given them nothing to hang their hat on so instead of admitting he's been a bust as president, they deflect. Man up liberals!!!!!!

thinkagain

Reason is beyond the reach of a liberal. They rely on the flip of a special coin they each carry. One side says "Blame Bush" and the other side says "Blame Republicans".

mikel

wikipedia? must be gettng desparate huh doggie? anyone can make/add/change/delete something on wikipedia. very weak doggie.

coasterfan

Ok, Mikel's post is just silly. If you want an example of foolish spending, the last Republican president wrote the book on that, with two unfunded, unpopular wars on the company's credit card. Furthermore, it's not like Obama hasn't submitted budgets for approval. He indeed has done so, but Republican filibustering and intransigence have kept his budgets from passing. The aid bill for hurricane Sandy was stupid? Congrats, you couldn't possibly be more Republican, could you? (they all want to cut funding to FEMA, until the hurricane hits THEIR house)

Contango

@ coasterfan:

How about cuttin' federal flood ins.? The rich get a new house on a flood plain and taxpayers get the bill.

Point:

The Revolutionary War was unfunded.
Mr. Lincoln's War was unfunded.
FDR's WW2 was unfunded
Truman's Korea was unfunded
Johnson's Vietnam was unfunded.

Name me a U.S. war which was pre-funded.

The Big Dog's back

Name me a U.S. war that taxes were cut.

Contango

As of Jan. 1 - about 99% of those tax cuts were made permanent by Pres. BHO. Is the U.S. still fightin' wars?

deertracker

Pooh, the Iraq war of course. Remember, the Iraqi riches were suppose to pay for it. NOT!

Contango

Answer the question: Name for me a U.S. war which was pre-funded.

The Big Dog's back

During World War II, federal revenues roughly tripled as a share of the gross domestic product (GDP) and the number of people paying income taxes expanded tenfold, from 3% of the population in 1939 to 30% by 1943. In 1940, a family of four needed close to $80,000 of income in today's dollars before it paid any federal income taxes at all. By the war's end, it saw its effective tax rate rise from 1.5% to 15.1%. (Today such a family only pays a federal income tax rate of about 6%.) But taxes weren't the only way the war was paid for. Spending on nondefense programs was cut almost in half, from 8.1% of GDP in 1940 to 4.4% in 1945.

Even during wars closer in magnitude to those in which we are presently engaged, significant sacrifices were made. In 1950 and 1951 Congress increased taxes by close to 4% of GDP to pay for the Korean War, even though the high World War II tax rates were still largely in effect. In 1968, a 10% surtax was imposed to pay for the Vietnam War, which raised revenue by about 1% of GDP. And there was conscription during both wars, which can be viewed as a kind of tax that was largely paid by the poor and middle class--young men from wealthy families largely escaped its effects through college deferments.

Contango

Got it: You're arguing for federal marginal tax rates to be raised on everyone.

Why did Pres. BHO make 99% of the Pres. Bush era tax cuts permanent?

deertracker

I just did! Oh and did you know they had WMD? Who knew? Who found them? Who lied?

Contango

@ deertracker:

Iraq was NOT pre-funded.

Love it how you choose to obfuscate and attempt to divert attention from the "facts" about the incompetency and the lying of Pres. BHO by bringing up the past.

He's begun his fifth yr. in office, when's he gonna take some responsibility?

deertracker

Yes it was. They just expected Iraq to pay for it. You have to remember that! The lie was that there was WMD and the mushroom cloud is coming! Still waiting. I know I know, it's better to only remember what you want to. You make no sense really because Obama was against the war in Iraq. What's the name of that alzheimers drug again? Stop chasing it with Kesslers!

Contango

@ deertracker:

Got a respectable link to back that up that “pre-funding” or is that just your opinion again that you're masquerading as fact?

Pres. Obama wasn't even a U.S. Senator when the Iraq Resolution was passed. His coulda, woulda, shoulda doesn't matter.

The Big Dog's back

Still waiting to cash in on Iraq's oil
Bush officials originally said oil money could help pay for reconstruction. But with production lagging, these funds barely cover the cost of running the government.
http://money.cnn.com/2007/11/08/...

You use this one all the time winnie.

Contango

The article is in regards to "reconstruction," not "pre-funding" the war.

Gotta laugh when you use Wiki which you once criticized as being unreliable. :)

So how's that Nobel Prize winner, Pres. BHO payin' for all his military adventures?

John Harville

WMDs in America... House GOP

swiss cheese kat

@ Contango
BIG pups response is a typical liberal copy-pasta answer.

Contango

@sck:

He/she/it obviously missed this part of the copy-paste:

“And there was conscription during both wars, which can be viewed as a kind of tax that was largely paid by the poor and middle class,”

The Big Dog's back

They are talking about those who paid the ultimate price. Disgusting.

Contango

Merely quoting your "disgusting" post Pumpkin.

deertracker

Cons have NO answer and actually think liberal is a bad thing. How silly!

Contango

@ deertracker:

Your pal, Pres. BHO went into Libya. Now he's put troops in Sahara and central Africa, put troops and missiles in Poland and is putting a Marine base in Australia.

How's he payin' for all that?

The Big Dog's back

Bullspit winnie.

goofus

I see coaster is using coasterfanmedia again, his own party didn't vote for Obozo'a budget. Obozo didn't garner more than a handful of yea votes, why would republicans need to filibuster. ROFLMAO once again at libs.

Contango

"CBO: We Can't Score Obama's Budget Plan Because It's Just a Speech":

http://www.weeklystandard.com/bl...

Gotta give Pres. BHO credit. He's doin' what he's good at: Campaigning and demagoguing.

deertracker

Will you be able to get up off the floor?

KnuckleDragger

Let's not forget that the Democrats in congress also voted for these unfunded wars and Obama has continued them.

deertracker

Obama didn't and HE ended the war in Iraq. Watch what happens next year!

Contango

@ deertracker:

Keep spewing the Obamabot revisionist history.

Pres. Bush had already negotiated the withdrawal. Pres. Obama just carried it out.

Pres. Obama wanted a small contingent of U.S. troops to remain, but Iraq said, "No."

He's shown his weakness on the foreign stage.

Sec'y Kerry is currently being kicked around in Egypt and the Russians snubbed him.

The Big Dog's back

Bill Clinton talked about Iraq, Bush invaded it. So what's your point winnie? Obama ended it.

Contango

Pres. Clinton“talked”?? lol

He fired a cruise missile or two into Iraq. Our planes were being fired on over the no-fly zone and attacked back.

The point remains: The Iraq occupation ended during Pres. Obama's tenure as it was originally negotiated under Pres. Bush - FACT.

How did this country survive over 200 yrs. without Dear Leader???

goofus

The left can't abide with the fact that Bush and Mal-Wicki had the pull-out of Iraq scheduled. Hint to leftists google Status of Forces Agreement! Wonder why the left is so confused with facts?

John Harville

Mikel... why dost thou keep blaming Congressional action (Sandy) on the President?

Why seekest thou a budget from the President - or the Senate - when the Constitution you seem to revere places revenue and expenditure clearly on, wait for it... the House?

goofus

And how many budgets has the house passed and sent to the Senate[democratic held]. All you need is 51 senators to pass.

OMG.LOL.WT_

The argument back and forth in this forum are truly a mirror image of the Congress.

KnuckleDragger

Just how our politicians want it? "Divided we fall."

Contango

Which is why I continually suggest re-visiting the recommendations of the National Commission on Fiscal Responsibility and Reform.

It had stuff in there for EVERYONE to hate.

Congress and the Pres. fiddle while Rome burns.

IMO, protect you and your own as best you can, 'cause these bozos in DC sure ain't gonna.

Go back and see TRA86 - Reagan and O'Neill hashed it out.

http://en.wikipedia.org/wiki/Tax...

John Harville

Is this your new Benghazi?

goofus

We don't need a new Benghazi, one is more than enough thank you!!!!

deertracker

Sure is, Cons lie, Liberals check 'em!

swiss cheese kat

If you have not seen this

http://youtu.be/6AZNb-UpwNU

Contango

Catchy! Here's another tune for ya:

http://www.youtube.com/watch?v=L...

deertracker

Answer this. Under which administration did the phone program begin? Wait for it........................

Contango

http://www.fcc.gov/lifeline

It was for landlines, not cells.

Which party controlled Congress?

So is that renowned "fiscal conservative" Pres. BHO talking about ending it?

reese

Contango,

Thanks for the link...it was in 1985 (Reagan!)and it was expanded to include cell phones in 2005 (Bush!). And the funding goes to phone companies that want to participate.(Do you wonder why they would do that?)They get repaid at about $10/phone/month for providing the phone and 250 minutes/month to one low-income household member. It is limited to one person per household. And it is paid for through fees collected by the feds from all telecommunications companies. [And I wondered why they would not complain about those fees.(taxes?)] Well, I found many of those answers at http://www.universalservice.org/...

swiss cheese kat

@ deertracker
Low-income households have been eligible for discounted telephone service for more than a decade. But that program is funded by telecom companies, not by taxes, you moran.

anthras

where does the telecom companies get the money from to pay for the phones and service ?????????????

goofus
deertracker

That's Diddy goofy!

goofus

No, it's ditty, look it up maroon. Here's your diddy
http://www.youtube.com/watch?v=o...

deertracker

Maroon???? LOL!!!!!!!!!!!!!!!!

goofus

Kahuk Kahuk Kahuk he said maroon like bugs bunny, I thinks maybe I should be offended!!!!!

ROTFLMAO

I just placed my order in for Rosetta Stone Chinese. They own half this country now, thanks to a present President who we still are not sure if he is a citizen. Moving to China for a job. Lot more money than USA can pay. I'm just saying.

deertracker

Oh yes, the last four years is how we got here! I am sure he is a citizen, why aren't you? Go ahead move, they will be glad to give you a bag of rice and some tea for a 20hr shift!

goofus

Some experts have said the new birth certificate furnised is fake, afterall 5 million will go along way!!!!
FEC Report: Obama May Have Spent $5M to Seal Records

02/27/13

From Free Republic: h/t theobamafile.com

The following is information that was compiled from the official Federal Elections Commission (FEC) website for disbursements from the Obama campaign to Robert Bauer's law firm of Perkins Coie, which represents Obama in various eligibility and records suits.

Perkins Coie does not appear in the pre-general election filing. You are free to pursue any further information that is of interest. But one would assume that the official FEC website to which the Obama and other campaigns must report their financial activity would be taken by even the most skeptical among us as valid documentation of the reported $1 million to $6 million, or anything in between, figure illegally expended to defend the eligibility suits.

This information is about the legal fees AND RENT(?) only of that one law firm, not the Department of Justice attorneys that have also represented Obama in several courts, court fees, or other related costs.​

Note: When the queries return their results, search the table on "Perkins" or "Coie"

Read more at http://www.reagancoalition.com/a...

deertracker

You are sounding RIDICULOUS! Snap out of it!

goofus

To you and you only sunshine!!!!

John Harville

To me, too. Regardless. You GOoPs don't have the votes to do anything about it.

goofus

Criminals like Obozo has all the votes he needs. To bad the courts lately aren't on his side which his arrogance will definetly get him into deep ca ca. President Harrison J Bounell's reign will soon end.

goofus

Sorry about the length but the censors thought my freerepublic link triggered the spam filter, the SR can't believe in a free republic

Contango

Both Mr. and Mrs. Obama gave up their IL law licenses. To my knowledge, no "self-respecting" atty. would ever do that since it takes a lot of work to get 'em in the first place.

deertracker

No worries, they both will earn MILLIONS from giving speeches! Cool!

goofus

they should be very careful, they could land themselves in the upper 1%

ROTFLMAO

Well deertracker, you just proved my point, you are a Richard Cranial, and can probably thank you for voting BO in.

deertracker

You have no point!

goofus

and you do!!!!!

Second Opinion

Just reported that Obamas sending another $450,000,000 to Egypt. Proves that he hates this country

John Harville

who reported that? Oh, that's right, you don't believe in sources.

goofus

Oh Oh sweetheart, it was your vaulted NYT.
http://www.nytimes.com/2013/03/0...

You sir don't believe in sources

Really are you ...

Send the best of the best from SCORE and the SBA to DC. To show the president and congress how to balance the budget, cut spending, and how long it should take to turn our deficit into an actual surplus. Since Boehner is afraid of the word comprimise, how about showing him how to negotiate. In DC, as the heads of the executive, legislative, and judicial branches they are being paid very well with benefits to represent us, the citizens of the United States. If we were to just walk away from our work, like they did to avoid voting the other day, we would be fired. Why are they being paid at all if they are afraid to do their jobs? Why isn't the Supreme Court stepping up and making Congress do their jobs? Do they think they are above the law? If the president is not doing his job, why is the Supreme Court not questioning him? I know if I was doing such a lack luster job, I would have been fired a long time ago.

2cents's picture
2cents

(SCORE)
That is a joke, 30 years ago I had them tell me that there was no way the small company I wanted to start could compete in the automotive arena. I loved the chalange : )

(SBA) bigger joke unless you are, well a so called minority, whatever that is!

Contango

Sen. Tom Coburn (R., Okla.), in a letter to the White House Office of Management and Budget, Feb. 26:

"In just the past two years, the Government Accountability Office (GAO) has identified more than 1,362 duplicative programs accounting for at least $364.5 billion in federal spending every single year,"

http://www.coburn.senate.gov/pub...

Really are you ...

.

reese

Contango,

Thanks again for another great link! I like the way this guy thinks.

John Harville

Did you read the rest of the story... 57% of that is Republican

reese

Yes!

goofus

Huh? Where did that number come from??

goofus

Long live the Muslim Brotherhood in Egypt and their huge check written by Obozo!

The Big Dog's back

Muslims will be more than one-quarter of the Earth's population by 2030, according to a study released today.
The number of U.S. Muslims will more than double, so you are as likely to know a Muslim here in 20 years as you are to know someone Jewish or Episcopalian today.
Those are among key findings in " The Future of the Global Muslim Population," the first comprehensive examination of Muslims, whose numbers have been growing at a faster rate than all other groups combined.

Get use to it goof.

Contango

So are ya planning on converting Pumpkin?

Salam.

goofus

Moderators have removed this comment because it contained Remarks that discriminate based on age, race, religion, disability, etc..

Really, guess you can't repeat what you hear on the lamestream media

goofus

Allah Akhbar

arnmcrmn

One Big Axx Mistake America.

whocares

Congress and the President need to go back on vacation. The more time they spend out of Washington, the less they screw up.

Contango

"According to a new book by a senior former State Department adviser," Pres. BHO is a "dithering" control freak:

http://www.telegraph.co.uk/news/...

Surprising huh?

-----------------

@ John Harville:

For one, the reduced deficit is due to an accounting trick of adding back in the repaid TARP funds.

If the deficit is falling, why is it on schedule to increase to $17T in 2013?

The Fed Reserve is buying almost 77% of U.S Treasuries and is helping to prop up this regime and the economy. The Fed’s balance sheet is growing by almost $1T annually.

What do you think is driving the Dow higher, Pres. Obama’s policies? lol

goofus

President Harrison J Bounell isn't worried about sequester look at what he is up to
http://weaselzippers.us/2013/03/...
http://cnsnews.com/news/article/...
http://www.thegatewaypundit.com/...

goofus

The left's agenda exposed
http://www.realclearpolitics.com...

arnmcrmn

US bringing in a record 2.7 Trillion in tax receipts this year and we can't even get this administration to admit we have a spending problem. Spending is expected to hit 3.55 Trillion in 2013 alone. The president got a 650 billion tax hike on January 1st.

The only way out of this mess is taxing everyone, not just the rich. There aren't enough rich people out there to make a dent. Time for a NATIONAL TAX where everyone pitches into the jar.

OSUBuckeye59

Our government works like a well-oiled farm goat, eating up everything in sight and leaving, at best, fertilizer.

Although the federal deficit is the amount each year by which federal outlays in the federal budget exceed federal receipts, the gross federal debt increases each year by substantially more than the amount of the deficit each year. That is because a substantial amount of federal borrowing is not counted in the budget: http://american.com/archive/2011....

While it is true the federal deficit has been decreasing since Obama's first official budget with FY 2010, when you add in agency and treasuries debt, the true and extremely ugly graph (see above URL) causes me to gasp for air.

And concerning the sequester, the painful truth is that the sequester was put in place by Congress with the president’s approval and encouragement in 2011. The idea of automatic sequestration came out of the same obsession with deficit-cutting mania coupled with austerity measures that has put much of Europe into recession and prevented the US economic recovery from fulfilling its potential. In fact, let's look at Britain, a country now probably entering its third recession since 2009. Two years ago, with the British economy just coming out of recession, David Cameron, Britain’s Conservative Prime Minister, and George Osborne, his chancellor of the Exchequer, raised taxes and cut social spending in order to reduce the British deficit and, they claimed, enable newly confident businesses to use all that savings to invest and re-charge the economy. None of that has come close to happening. Tax revenue is dismal, and the country’s deficit, excluding interest payments, remains the highest, by percentage of GDP, of any European nation. And what of all that promised investment that was predicted? Not only did a chunk of new savings fail to materialize, capital injections in the economy have been weak. They contributed only 0.4% to economic growth in 2012, half of the government’s forecast. As for exports, which the government also insisted would rise as the value of the pound fell, the nation’s current account deficit, the excess of its imports (plus investment income) over exports, is now no better than in 2009.

Congress is indeed a goat farm, and Obama the goat herder.

Mr Bean

Anyone who feels that this president is not guilty of treason---has been riding too many "rollercoasters", and no amount of "Real talk" will convince me otherwise. You know who you are----you have voted this guy in twice---now watch your country go down the drain. Of course, you will want to blame George Bush----but it WILL be gone. None more to blame than YOU!

The Big Dog's back

I feel so much more enlightened now.