Sen Cruz Beats Back Critics Over Debt Ceiling Filibuster
Senator Ted Cruz Slams GOP Leadership Over Debt Ceiling Show Vote – The Real Story
Cruz: “I Don’t Want To Throw Any Republican Under The Bus”
CPAC Welcomes Gay-Rights Groups For The First Time In Years
We have a Bipartisan “Deal” in Congress that will roll back the Sequester and add back at least $63B in additional Debt. The “Deal” will result in raising Revenue to offset the new spending and to make it appear like spending has been reduced! For those of you that don’t understand the Washington jargon, raising “Revenue” means raising “Taxes”.
When our good friend of Liberty and Fiscal Responsibility, Louie Gohmert (R-TX) has qualms about the ” Deal”, then Houston, we have a problem!
The “Deal” is great for most of our “Political Class” on both sides of the aisle that just want to continue their comfy spending habits without any accountability, interference or distressing phone calls from their constituents. Hence, this “Deal compromise” promises to exacerbate and accelerate our present economic ticking time-bomb.
We already have a monumental Federal Deficit of $17.2 Trillion and super-Monumental Unfunded Liabilities of anywhere between $60 and $90 Trillion “…or 550 percent of our GDP. And the debt per household is more than 10 times the median family income.”
Folks, we have Local, State and Federal Governments that are totally out of control and are literally taxing us to death and a Federal Reserve that has been feeding $85 B/ month in Quantitative Easing into our banking system. Every time the Fed attempts to withdraw what some characterize as the QE “Heroin Fix” our economy pulls back. Will the imminent pull back by the Federal Reserve of of QE3 be the trigger that will plunge us into an unprecedented economic Collapse?
Whatever the case, as you will see from the following signs, Americans can no longer afford the debt being placed upon us and future generations by our Legislators without some sort of personal financial buckling!
The time has come to stand up and be counted. Enough is Enough! Our Governments continue to squander and misappropriate our hard earned treasure on cronyism. Career Congressmen and Senators become multimillionaires while working as public servants.
Meanwhile, the “Standard of Living” for American who work deteriorates as both the “Government class” and their rapidly growing “class of non-producer perpetrators” at the Local, State and Federal levels continue to feed on and to suck the “Systems” dry.
#1 According to a survey that was just released, 76 percent of all Americans are living paycheck to paycheck. But most Americans are acting as if their jobs will always be there. But the truth is that mass layoffs can occur at any time. In fact, it just happened at one of the largest law firms in New York City.
#2 27 percent of all Americans do not have even a single penny saved up.
#3 46 percent of all Americans have $800 or less saved up.
#4 Less than one out of every four Americans has enough money stored away to cover six months of expenses.
#5 Wages continue to fall even as the cost of living continues to go up. Today, the average income for the bottom 90 percent of all income earners in America is just $31,244. An increasing percentage of American families are just trying to find a way to survive from month to month.
#6 62 percent of all middle class Americans say that they have had to reduce household spending over the past year.
#7 Small business is becoming an endangered species in America. In fact, only about 7 percent of all non-farm workers in the United States are self-employed at this point. That means that the vast majority of Americans are depending on someone else to provide them with an income. But what is going to happen as those jobs disappear?
#8 In 1989, the debt to income ratio of the average American family was about 58 percent. Today it is up to 154 percent.
#9 Today, a higher percentage of Americans are dependent on the government than ever before. In fact, according to the U.S. Census Bureau 49 percent of all Americans live in a home that gets direct monetary benefits from the federal government. So what is going to happen when the government handout gravy train comes to an end?
#10 Back in the 1970s, about one out of every 50 Americans was on food stamps. Today, about one out of every 6.5 Americans is on food stamps.
The following Roll Call vote took place in spite of the fact that House members were not provided copies to peruse before the vote, even if they requested it. 87 Republican Traitors voted Yea! The means by which this legislation was moved and passed gives new meaning to the word “Treachery”. The House voted to give Republican Mitch McConnell his $2 Billion Earmark and voted a stipend of $174K of our treasure was to Millionairess Senator Frank Lautenberg of NJ’s widow in this purported “Clean CR”. Now that it has passed we will have a chance in the weeks aheadto review the entire bill and we will surely find other treacheries like a trick-provision that was added that will require a 2/3 vote to stop the next Debt Limit increase.This morning the Wall Street Journal in an article by Laura Meckler, Business Voices Frustration With GOP, writes that “In interviews with representatives of companies large and small executives predicted a change in how business would approach politics. They didn’t foresee a new alignment with Democrats but forecast backing challengers to tea-party conservatives in GOP primaries…”
This is just the beginning of a planned blitz creed against Tea Party Conservatives by the Establishment and their Progressive allies. We are now joined in a battle, not only a fight for Conservative values, but for the Survival of our Constitutional Democracy.
As Jeff Kuhner of WRKO in Boston recently stated, America has now become a functional “Dictatorship” under the tutelage of our “Dear Leader” Barrack Hussein Obama.
Lastly, the Wall Street journal today had another front page headline, More Illegal Immigrants As for Asylum, thereby joining next skirmish in our battle to save our American Way of Life.
Had enough yet?
U.S. Senate Roll Call Votes 113th Congress – 1st Session
FINAL VOTE RESULTS FOR ROLL CALL 550
(Republicans in roman; Democrats in italic; Independents underlined)
H R 2775 YEA-AND-NAY 16-Oct-2013 10:18 PM QUESTION: On Motion to Concur in the Senate Amendments BILL TITLE: To condition the provision of premium and cost-sharing subsidies under the Patient Protection and Affordable Care Act upon a certification that a program to verify household income and other qualifications for such subsidies is operational, and for other purposes
Now it looks like Obama and his Thugs miscalculated on Sequestration. They have been using the imminent implementation of Sequestration to conspire with their media minions in attempting to coerce the Republicans to once again cave to Community organizer’s wicked lying propaganda rants that have increased in volume and intensity as we approach the February 1st implementation.
The Republicans didn’t cave immediately and thereby created a potentially disastrous political dilemma for Our Dear Leader. His political cohorts are telling him that if Sequestration becomes effective and the sky doesn’t fall, Barack will have a sever credibly problem, even among his loyal supporters.
If you take a look at the GDP math below that shows about a half cent hit for every non sequestrated GDP dollar, or even if you don’t, there is only one unquestionable conclusion that becomes evident.
Obama’s rants on Sequestration are a contrived comedy about “Much A do about Nothing ”
That’s Right! There is no appreciable affect on our economy, even if he jawbone’s Ben Bernake into saying so!
Call Your Senators and Representatives and tell them to let Sequestration to go into affect so that we can bring our $16.6T ever increasing Debt Crisis under control!
Analyses of Sequestration Affect on 2013 GDP:
The size of a nation’s economy is the total value of the spending on goods and services in the nation in a year. This spending occurs in the form of transactions within and between these three sectors. The flip side of this spending is production, because you can buy only what has been produced. So we can also measure an economy based on its production. Therefore, when you add up all of these transactions—and the value of foreign trade—the result is gross domestic product, or GDP. The formula for GDP is:
GDP = C + I + G + (Ex – Im)
where “C” equals spending by consumers,
“I” equals investment by businesses,
“G” equals government spending and
“(Ex – Im)” equals net exports, that is, the value of exports minus imports. Net exports may be negative.
According to Infoplease the composition of GDP breaks down roughly as follows:
Net Exports: 0.0%
The CBO Projection for 2013 GDP is $16.198Trillion
C = $16.198T X .65 =10.5287 Trillion
G = $16.198T X .2 = $3.2396 Trillion
I = $16.198T X .15 =$2.4297 Trillion
– Assumes that the only variable is the $85B removed from G, the Government Budget Contribution while C, I remain constant
$16.198T – .085T =$16.113 T
C = $10.5287 Trillion
G = $3.2396T- .$085T = $ 3.1546 Trillion
I = $2.4297 Trillion
What is the affect of Sequestration on GDP?
(Sequestration GDP divided by Non-Sequestration GDP minus 1) x 100 = Percent
($16.113T/ $16.198T) -1 = 0.0099 = .99% or about 1%
The $85B in Sequestration would reduce GDP by 1-cent for every dollar of a Non Sequestration GDP.
Since one-half of the $85T in Sequestration is slated for FY 2014, Sequestration will reduce the FY 2013 Sequestration GDP by about one-half a penny for every Non Sequestration dollar.
The Weimar Republic is the name given to the federal republic and parliamentaryrepresentative democracy established in 1919 in Germany toreplace its pre-WWI imperial form of government. It was named afterWeimar, the city where the constitutional assembly tookplace. The Weimar‘s Constitution was signed on August 11, 1919 and was deposed by Hitler’s Third Reich ascendency in February/March 1933. During its fourteen year existence the Weimar Republic was burdened by hefty reparations imposed by the victors of WWI, political extremist from both the Left and Right as well as rampant hyperinflation that permitted Hitler to seize power and dissolve the Constitution. The caption below the above photo of a one Hundred Million Mark note[A mark was equivalent to our $1-dollar bill] reads: In 1923, a German housewife burned mark notes in her kitchen stove since it was cheaper to burn marks than to buy firewood.
The vision most vividly embedded into the minds of school children studying the era is one of a wheelbarrow filled with thousands or millions of marks to purchase a single loaf of bread! The photo at left taken during this period, depicts that scenario.
When Barack Hussein Obama came into office, our FY2009 Budget stood at $3.1Trillion. Today the FY2013 Budget is at $3.8Trillion. Sequestration, which is a program devised by President Obama, cuts $85B across-the-board from THE RATE OF INCREASE of theFY2012 budge of 3.72Trillion. It DOES NOT DECREASE the FY2013 total budget amount from that of FY2012. Of the phantom $85B in cuts, half isslated to be removed from Defense Spending and half from Entitlement Spending. The $85B in phantom cuts represents measly 2.2% of our $3.8T Budget.
The FY2013 Budget consists of 60% Mandatory Spending and 40% Discretionary Spending. Mandatory spending is spending that is required under existing law. In passing, it needs to be noted that while Defense spending represents 19% of the FY2012 Budget, it is slated for 50% of the FY2013 Sequestration cuts.
Last Fall, Jim Rogers, the founder of Rogers International Commodity Index and economic guru,” predicted that America is headed to a “Financial Armageddon”. Rogers stated that he was absolutely convinced that the economy would burst soon after the election. He also stated that he has never been a supporter of the policy of quantitative easing.[ The Federal Reserve can just create dollars out of thin air by buying up assets like long-term Treasuries or mortgage-backed securities from commercial banks and other institutions. These “thin air” dollars created by the Federal Reserve flow into the banks, and in turn are pumped into the U.S. economy and ultimately reduce our long-term interest rates. The theory is that when long-term interest rates go down, investors have a greater incentive to spend their money.] Jim Rogers is also quite certain that our Government needs to cut spending in order to reduce our burgeoning debt. Rogers also stated that German Chancellor Angela Marker and Obama were promoting policies which were just another disguise for hiding the real state of their economies.
www.usgovernmentpending.com is estimating that the US debt to GDP will exceed 100% for 2012. Two American economists, Carmen Reinhardt and Ken Rogoff, argue that growth slows sharply in countries where the ratio of debt to GDP exceeds 90 percent.
So there you have it. Barack Hussein Obama is jawboning Congress about Sequestration, seeking even more deficit spending that will most certainly result in even slower growth, less jobs and further US credit rating downgrades. Are you going to push back on the President and his propaganda squads and support a strong America, or are you going to sit idly by and watch our economy and country slide further into the abyss?
Sequestration does not cut spending, it simply reduces the rate-of-increased spending
The Military is 1/4 of the Budget yet it is taking 1/2 of the Sequestration Budget Hits
America at Risk: Budget Cuts Threaten Military Readiness
Sequester Main Points:
On the sequester “cuts” not being real cuts:
The so-called sequester “cuts” aren’t even real cuts! This year the government will spend more of your money than they did last year, and next year they will spend even more. If you spent more money year after year, you wouldn’t say you were cutting spending, so why does Washington get away with it?
Overspending is overspending, no matter which way you look at it. Spending $800 that you don’t have on your credit card instead of $1000, doesn’t mean you cut $200 of spending. It means you’re still overspending by $800.
Only an extremist would want to stop the sequester. As the National Taxpayers Union said, it is a starting point, not a finish line. Politicians will never actually cut spending if we let the spending radicals like Nancy Pelosi stop us from taking this small step forward.
The amount of the so-called “cuts” would be enough to run the government for only 4.5 days, and the spending radicals like Nancy Pelosi and Harry Reid want us to believe that the sequester will be “devastating.”
On the President’s flip-flop:
As the president’s own press secretary admitted, the sequester was President Obama’s idea in the first place. American families are tired of him playing politics and blaming others for his own ideas.
In July 2011, a White House fact sheet praised the deal that gave us the sequester as “a win for the economy and budget discipline.” At the time, President Obama said it didn’t impact the middle class or working families. Now he says it does. He was either lying then, or he’s lying now.
What is the sequester anyway? In a nutshell, the sequester is a deal that the President signed into law that says the government will overspend a little less this year than they did last year. That’s it. So they’re still overspending.
A recent poll conducted by Anderson Robbins Research and Shaw & Company Research shows that 73% of Americans want the government to cut spending, while only 15% want increased spending. The time is now to do what the majority of the American people want done.
Everyone agrees that we need to reduce the deficit. Let’s start now by keeping the sequester in place, and making the politicians keep their promises, and uphold the laws they pass.
We need to become an economically sustainable nation. The sequester is a step in the right direction. Don’t let politicians and their well-connected friends stop this little bit of badly-needed progress.
Recently, Nancy Pelosi said that cutting Congressional pay would undermine their “dignity.” Could she be any more insulting? What about the dignity of the millions of Americans that are still out of work? Or the dignity of younger generations that will be burdened by the massive debt that paid politicians like Nancy Pelosi have racked up? What’s undignified is making a promise to the American people that you will cut spending and then trying to weasel your way out of it when the time comes, hoping that you’ll be retired before the bills come due.
The Heritage Foundation
Morning Bell: Spending Cuts Are Happening, One Way or Another
Amy Payne February 19, 2013 at 7:32 am
Federal budget cuts called “sequestration” are scheduled to hit in just 10 days. The sequestration cuts are not perfect—they’re a blunt instrument to cut spending, rather than a deliberative plan that sets priorities, trims entitlements, and cuts other spending. But they are law. It would be better to replace them with smarter cuts, but the reality is that Washington has to start cutting spending now. Real program reforms and a balanced budget are the only way to solve our continuing fiscal crises. So it is critical that Congress keep its word and follow through on these spending cuts to prove it is serious about bringing our budget into balance over the next 10 years. Now that the March 1 deadline is approaching, the President is urging Congress to offset the sequestration budget cuts with more tax increases. That’s simply unacceptable, says Heritage’s Grover M. Hermann Senior Fellow in Federal Budgetary Affairs, Patrick Louis Knudsen: “President Obama has already pocketed a $618 billion tax increase, so simply holding the line against taxes is a given.” Lawmakers shouldn’t be fooled by the President’s rhetoric on a “balanced” approach to sequestration or any other budget issue—that simply means he’s looking to raise taxes again. Instead, they should be focusing on true balance—balancing the federal budget in the next 10 years. Producing a budget would be a start, but balancing that budget is the way to put the country back on track. Knudsen explains:
We need spending cuts that are targeted to the programs that need reforms—the entitlements that are the major drivers of our growing deficit. Sequestration leaves many programs like Social Security, welfare, food stamps, and Medicaid untouched, while having devastating effects on national security. Trying to use defense cuts to balance the out-of-control entitlement spending while we still face growing threats (Russia, China, Iran, and al-Qaeda affiliates) is a fool’s errand that will create a hollow military and do nothing to fix economic troubles. But if Congress does not replace the sequestration cuts with smarter cuts—like eliminating Obamacare funding or other ineffective programs—then the sequestration cuts will be our first step toward getting serious about federal spending. The Foundry: Conservative Policy News Blog from The Heritage Foundation
On August 5th 2011 in an unprecedented move, the Standard & Poors Rating Agency lowered the Debt Rating of the United States from AAA to AA+. The lowered rating represented the first downgrade in 70 years and was preceded by numerous warnings to our government that the unprecedented Debt by the Obama Administration was crippling our economy and”..had grown increasingly skeptical that Washington policy makers would make significant progress in reducing the deficit, given the tortured talks over raising the debt ceiling.”
“S&P said the downgrade “reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics.” It also blamed the weakened “effectiveness, stability, and predictability” of U.S. policy making and political institutions at a time when challenges are mounting. ”
S&P also put the new grade on “negative outlook,” meaning the U.S. has little chance of regaining the top rating in the near term.”
Barack Hussein Obama is now jawboning Congress for even more fiscally irresponsible $Trillions in debt to satisfy his lust for a a new Socialist Order in America and this lawsuit appears to be a warning shot across the bow of S&P.
It will also serve as a warning to the other Rating Agencies not to challenge the Obama Administrations continuing black hole Debt lest they too succumb to the same fate that faces S&P .