American Professors Vote To Boycott Israel!!
Leftist Elites Don’t Like America & They’ve Taken Over: Not Good – Stuart Varney’s My Take
American Professors Vote To Boycott Israel!!
It’s War – Media Jump On GOP Brawl – Boehner Attacks Overshadow Budget – Media Buzz Spotlight
Barack Hussein Obama’s agenda is to demonize fiscal conservatives so they he can continue to give away “Obama phones” from his “stash” to his constituency. Actually his “stash” is a bunch of generational IOUs to our children and grandchildren that won’t be worth the paper their printed on.
Let’s try to break down the consequences of Obama’s fondness for a disgraceful Spending appetite.
The Annual Income to Federal Government $2.2 trillion
Obama will Spend$3.8 trillion in the coming fiscal year.
The Debt for this year alone $1.6 trillion
The national debt is $16.5 trillion
Since Trillions are too big for people to comprehend let’ s strike the last 8 zeros and treat these Federal figures as if they were being used in your household.
$38,000 Spending – $ 22,000 Income = $16,000 Household deficit spending this year
$165,000 Cumulative debt + $16,000 Current Debt = $181,000 Total Cumulative Household Debt
This is a Problem!!!
The Total Cuts in the recent Budget Control Act were 38.5 billion.
Strike the zeros and it takes the cuts amount to a measly $38.50 from the household Deficit debt this year or:
$16,000 – $38.50 = $15,961.50 Your Household Deficit spending for this year alone
$165000 + $15,961.50 = $180,961.50 Total Cumulative Household Debt
Yes this is the Obama Math in play. How long could you or would your creditors allow you to rack up these credit card charges without forcing you into bankruptcy? Yet we have been doing just this for decades now. Once our creditors acknowledge our inability to pay off our debt, our interest rate, as we have seen in Greece, will be so onerous that there will be riots in the streets when basic government necessities can no longer be provided. We’re not talking about “Obama phones”, but rather necessities like food medicine etc.
Our federal government can and must do better than that.
Whenever the President and Congress talk about Borrowing, we should look at it in household terms. In the above example it should be evident to all, that there is really no real ability and therefore no real intention to pay back the accumulated $15,961.50 debt.
Borrowing is when you ask a lender to give you money and based upon your financial position, he agrees and you agree to pay it back in some predetermined term at an agreed upon interest rate.
What is occurring in the above example and what the Obama Administration is advocating is generational theft from our Children and grandchildren who have no voice in the matter!
This generational borrowing is stealing, and criminal behavior that must be punished because we must Stop Stealing from our Children and Stop the Overspending.
January 7, 2013 in Debt Crisis, Economic, Economic Deception, Economy, Fiscal Cliff, Gas Price, Obama-Nomics, Obama's America 2016, Obamanation, President Obama, Propaganda, Quantitative Easing, Redistribution of Wealth, Tax Hike
Obama To Boehner: “We Don’t Have A Spending Problem” – WJS
Pelosi: More Tax Revenues Must Be Part Of Any Debt Deal
Boehner: Obama Blames “Health Care Problem” For Deficit -WSJ
Democrats Pushing For Another $1 Trillion In Tax Revenue – Rpt
Obama to Boehner: ‘We Don’t Have a Spending Problem’
By Ben Shapiro, Breitbart.com
In an interview with Stephen Moore of the Wall Street Journal, newly re-elected House Speaker John Boehner (R-OH) opened up about President Obama’s utter unwillingness to cut a single dollar from federal spending. In a stunning admission, Obama reportedly told Boehner, “We don’t have a spending problem.”
Boehner added that President Obama continues to maintain that America’s federal deficit is caused not by governmental overspending but by “a health-care problem.” Said Boehner, “They blame all of the fiscal woes on our health-care system.” Boehner told Obama, “Clearly we have a health-care problem, which is about to get worse with Obamacare. But, Mr. President, we have a very serious spending problem.” Obama eventually replied, “I’m getting tired of hearing you say that.”
Obama may be tired of hearing Boehner talk about a spending problem, particularly when Obama has been re-elected on the basis of ignoring government spending. Nonetheless, America does have a spending problem, which Obama is steadfastly ignoring. “He’s so ideological himself,” Boehner explained, “and he’s unwilling to take on the left of his own party.” That’s why Obama refused to raise the retirement age for Medicare after agreeing to it. “He admitted in meetings that he couldn’t sell things to his own members,” said Boehner. “But he didn’t even want to try … We could never get him to step up.”
January 2, 2013 in America's Collapse, Anarchy, Bail Out, Budget, Congress, Cooking the Books, Debt Crisis, Economic, Economic Deception, Economy, Fiscal Cliff, Government, Hope and Change, Jobs, Obama-Nomics, Politics
Taxes Are Going Up!! What Congress Past Was To Try To Keep some Taxes The same!!!!
One Step Closer To Europe? Congress Passes Deal To Avert ‘Cliff” – Stuart Varney
Smoking Mirrors There are No Cuts!!!
Here’s The Deal: $1 Spending Cuts For Every $10 In Tax Hikes
Tax And Spend – Deal Cuts $15 Billion, Raises Taxes $620 Billion
Here’s The Deal: $1 Spending Cuts For Every $10 In Tax Hikes – Judge Andrew Napolitano
The House gave its approval Tuesday night to the Senate bill halting massive tax hikes and delaying a risky round of spending cuts, sending the package to the president’s desk and likely averting for now an economy-stalling fiscal crisis.
The 257-167vote came after a day of high drama on Capitol Hill, during which conservative House lawmakers voiced serious concern about the Senate bill’s lack of spending cuts.
Rank-and-file Republicans initially predicted they would tinker with the package, raising the possibility the Senate would abandon it and nothing would get done before the new congressional class is seated Thursday.
But House leaders soon learned they did not have a majority behind any spending-cut plan, and allowed the straight vote. More Democrats supported the bill than Republicans.
The result, once Obama signs it, is that tax hikes that technically kicked in Jan. 1 for most Americans would largely be halted.
The bill would nix the tax increases for families making under $450,000, while letting rates rise for those making above that threshold. It would also extend unemployment insurance for another year, while patching up a host of other expiring provisions and delaying automatic spending cuts for two months. Those cuts, which would hit defense heavily, will instead be offset with a blend of tax increases and other spending cuts.
Americans will still see a 2-point increase this month in their Social Security tax, as Congress did not opt to extend that payroll tax holiday.
The House was able to shoehorn in the vote before the markets open Wednesday. Uncertainty about a deal threatened to wreak havoc on Wall Street. And economists warned that any prolonged stalemate into 2013 threatened to pull the broader economy back into a recession. In total, more than $600 billion in tax hikes and spending cuts were set to take effect this year.
The vote Tuesday came amid rising pressure from House Democrats and the Senate side, which approved the bill early Tuesday morning. Democrats made clear that they would pin the blame squarely on House Republicans if the tax hikes were not averted.
“This is the House’s wisdom in making the best of a bad situation,” one House GOP leadership aide told Fox News. “We had a bad hand from the start, but we’re avoiding being blamed for taking us off the cliff.”
Still, a number of House Republicans came out against the package, including No. 2 House Republican, Eric Cantor.
“I do not support it,” Cantor told reporters after a closed-door meeting with fellow Republicans.
Rep. Steve LaTourette, R-Ohio, said earlier that the sentiment among House Republicans was to amend the bill to incorporate more spending cuts. Rep. Spencer Bachus, R-Ala., echoed the statement.
But other Republicans, while voicing opposition to the bill, acknowledged that it could pass the House.
Congress already missed the New Year’s Eve deadline for action, which technically triggered tax hikes. Without a resolution soon, taxes would have jumped by $2,400 on average for families with incomes of $50,000 to $75,000, according to a study by the nonpartisan Tax Policy Center. And because consumers would get less of their paychecks to spend, businesses and jobs would suffer as well.
House conservatives had begun voicing frustration Monday night about the lopsided ratio of tax increases in the plan, as compared with net spending cuts. The bill contained roughly $620 billion in tax hikes, and just a fraction of that in spending cuts. As one House Republican told Fox News, “I can’t imagine a ratio such as that warming our fiscal hearts.”
Not all Democrats were on board either. Many voiced frustration that tax hikes would only affect those making above $450,000 – when President Obama originally campaigned on raising them for households making above $250,000.
“Looks like a very bad deal the way this is shaping up,” Sen. Tom Harkin, D-Iowa, said Monday. Harkin voted against the Senate bill early Tuesday morning, as did Sens. Tom Carper, D-Del.; Mike Lee, R-Utah; Rand Paul, R-Ky.; Richard Shelby, R-Ala.; Michael Bennet, D-Colo.; Chuck Grassley, R-Iowa; and Marco Rubio, R-Fla.
The fiscal deal, though, still pushes off a permanent decision on the spending cuts until two months down the road, when lawmakers could find themselves in a similar position. And lawmakers are poised to renew a fight in a matter of weeks over raising the debt ceiling – which the U.S. government would have hit Dec. 31 if not for the Treasury Department taking emergency measures.
Fox News’ Ed Henry, Chad Pergram and Mike Emanuel contributed to this report.
FINAL VOTE RESULTS FOR ROLL CALL 659 Fiscal Cliff
November 2, 2012 in Abuse of Power, America's Collapse, Cooking the Books, Economic, Economic Deception, Economy, Election, Hope and Change, Media Bias, Political Deception, President Obama, The Hope and The Change
Alternate Unemployment Chart
The attached unemployment chart is from John Williams’s Shadow Government Statistics web site.
John Williams was awarded a M.B.A. from Dartmouth’s Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar.
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.
You should notice that the Blue seasonally-adjusted SGS Alternate Unemployment Rate curve or trend diverts (Goes in the opposite direction) from previous administration’s unemployment data.
This suggests that the Barack Hussein Administration is somehow “cooking the books”.