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
December 11, 2013 in Congress, Debt Crisis, Debt Limit, Depression, Economic Deception, Economy, Political Class, Political Deception, Political Incompetence, Quantitative Easing, Republicans Vs. Tea Party, Sequestration, Taxiation with Representation
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.
On his “The Economic Collapse Blog” of December 10th, 2013, with our economy in such a precarious situation, Michael Snyder asks, How Far Will Stocks Fall This Time When The Fed Decides To Slow Down Quantitative Easing? Read his article at http://theeconomiccollapseblog.com/archives/how-far-will-stocks-fall-this-time-when-the-fed-decides-to-slow-down-quantitative-easing
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.
The following are the first 10 signs that Americans will be wiped out by an Economic Collapse and are excerpted from an article by Michael Snyder, on June 24th, 2013, in his Economic Collapse Blog at : http://theeconomiccollapseblog.com/archives/how-far-will-stocks-fall-this-time-when-the-fed-decides-to-slow-down-quantitative-easing
#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.
October 23, 2013 in Abuse of Power, Economic Deception, Hope and Change, Liberty in Jeopardy, ObamaCare, Obamanation, Patriotism, Political Courage, President Obama, Progressivism, Republicans Vs. Tea Party
While Senator Ted Cruz (TX) went home to a hero’s welcome, Senator Mike Lee (UT) found himself in an unpopular quagmire as a result of our “Dear Leader” and “Liar in Chief” Barack Hussein Obama’s unwarranted order to barricade and close National Parks that resulted in nine UT counties declaring an economic state of emergency.
This just goes to prove that the price of freedom is not free and that a few of our “Washington Patriots” will have to pay a price. One of the things that Progressives understand is is that in today’s society, sacrifice for the greater good is a virtue that has been on the wane which allows them to exploit political circumstances without much fear of repercussions.
Senators Ted Cruz and Mike Lee placed their careers and fortunes on the line because they understood that their sacrifice was necessary to safeguard the future of America, their families and generations to come.
Even now, Ted Cruz and Mike Lee are excoriated by the leadership in their own party as much as from the Obamanite pinheads. Meanwhile, because of the sunlight brought to bear by these two patriots, even the Democrats are beginning to understand the physical and economic devastation that lurks in the future from Obamacare.
Finally we hear Scott Brown hitting a home run on Sequestration. He rightly points out that Barack Hussein Obama conceived and created Sequestration. While he was still serving in the Senate, the leaders Harry Reid and Mitch McConnell both told him that Sequestration would never happen!
Jon Scott: And here we are with the White House closed to school kids The Administration can’t find a better way to save a couple of bucks?
Scott Brown: Listen, the bottom line is the Republicans have offered, and it makes common sense that the president should have what is called “Transfer Authority”. The ability to get in there and Kind of reopen and tweak the Sequester in a whole, and actually delegate – do thoughtful, judicious, methodical cuts. For example in the military, they need that. Give it to Heigl. Let him go in with a fine tooth-comb, no a scalpel I should say, to make the cuts that you need to make.
The President does not want this authority [“Transfer Authority”] because he wants to make the Republicans look bad. Everybody knows it and it’s time to show real leadership.”
THE WALL STREET JOURNAL – POTOMAC watch: March 8, 2013, 9:29 a.m. ET
Strassel: Jumping the Sequester
By KIMBERLEY A. STRASSEL
When the president canceled White House tours, he revealed his claims as ludicrous.
The phrase “jumping the shark” describes that gimmicky moment when something once considered significant is exposed as ludicrous. This is the week the White House jumped the sequester.
The precise moment came Tuesday, when the administration announced that it was canceling public tours of the White House, blaming budget cuts.
The Sequesterer in Chief has insisted that cutting even $44 billion from this fiscal year will cause agonizing pain—airport security snarls, uninspected meat, uneducated children. Since none of those things has come to pass, the White House decided it needed an immediate and high-profile way of making its point. Ergo, it would deny the nation’s school kids a chance to view a symbol of America.
The act was designed to spark outrage against Republicans, yet the sheer pettiness of it instead provided a moment of clarity. Americans might not understand the technicalities of sequester, but this was something else entirely. Was the president actually claiming there was not a single other government item—not one—that could be cut instead of the White House tours? Really?
The cancellations were an open invitation for the nation to dive into the gory depths of the federal budget—and re-emerge with a debate over waste and priorities. Over the past week, an entire cottage industry has sprung up of journalists, watchdog groups and average citizens reporting on the absurdities of federal spending. Republicans have lit up Twitter with examples of indefensible projects (#SequesterThis).
We’ve learned that the White House employs three calligraphers, who cumulatively earn $277,000 a year. The Environmental Protection Agency gave $141,000 to fund a Chinese study on swine manure. Part of a $325,000 National Science Foundation outlay went to building a robotic squirrel.
The government gave a $3,700 grant to build a miniature street in West Virginia—out of Legos. It shelled out $500,000 to support specialty shampoo products for cats and dogs. A San Diego outfit got $10,000 for trolley dancing. The feds last year held 894 conferences that each cost more than $100,000—$340 million altogether. But Mr. Obama is too broke to let American kids look around the White House.
Related Video Available at WSJ Online
Speaking of that, the tour stunt itself is turning into a PR fiasco. ABC reports the cancellations save a total of $18,000 a week. A Forbes opinion piece noted the cost of cutting the tours was equal to about two hours operating Air Force One. Speaker John Boehner twisted the knife, announcing that while Congress was also getting hit by sequester, it had planned wisely, and tours of the Capitol would continue. Come on down folks! Visit the government branch that knows how to prioritize!
To top it off, a group of cherubic sixth-graders from St. Paul’s Lutheran School in Waverly, Iowa, became a national sensation in a YouTube video pleading with the White House to reopen tours. “The White House is our house. Please let us visit,” they beg in unison. The White House hasn’t yet responded, no doubt being too busy overseeing its $27 million project that helped fund pottery classes in Morocco. (No joke.)
This is the opportunity Republicans have been pushing for, to pivot the sequester discussion to the problem of spending, and they are taking a lead from Oklahoma Sen. Tom Coburn. This was the guy, remember, who in 2005 offered an amendment to remove funds from a little thing he called the Alaskan “Bridge to Nowhere” and to divert them to a vital bridge destroyed by Hurricane Katrina. The Bridge to Nowhere became such an embarrassing symbol of waste, Congress ultimately gave up earmarks.
Not all Republicans appreciated that episode, but they took away a couple of valuable political lessons. One, the public responds strongly to examples of waste. And two, the way to claim the high ground in such a debate is to contrast that waste with projects of real importance (like the Katrina bridge). Both lessons are tailor-made for today’s sequester fight.
Sen. Coburn himself has daily been sending letters to federal agencies, demanding that they justify their decisions to furlough existing workers rather than forgo new hires or fancy conferences. His efforts were one reason the Department of Agriculture spent this week stuttering out a justification for its sponsorship of a wine junket in California.
Utah Sen. Mike Lee has been producing graphics that show, for instance, pictures of free government cellphones next to pictures of border agents—with the Twitter tag #CutThisNotThat. Since late February, the House GOP has been highlighting its own #CutWaste projects, each of which contrasts Mr. Obama’s call for taxes with an example of embarrassing government outlays.
The White House’s shark-jumping moment has given these efforts new attention and threatens to take the sequester debate to a place this overconfident administration never imagined. The whole point of the White House’s effort to make the cuts hurt was to convince Americans that they couldn’t live without big, sweeping government. Now Americans are asking how the White House justifies living with it.
Read More: http://online.wsj.com/article/SB10001424127887323628804578346811646984052.html#articleTabs%3Dvideo
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March 4, 2013 in 2nd Amendment, Abuse of Power, America's Collapse, America's Heritage, Congress, Constitution, Cooking the Books, Deval Patrick, Economic Deception, Generational Theft, Gun Control, Intimidation, Liars, Liberty, Liberty in Jeopardy, Obamanation, Patriotism, Political Deception, Political Incompetence, President Obama, Propaganda, Quantitative Easing, Sequestration, US Sovereignty
Our government is lying to us. The reason Barack Hussein Obama began his strategy of “Blame” over “Sequestration” is because he knows that the economic collapse of the US economy is coming and he needs a scapegoat! His “full court press” in the media is perpetuating his grievous ”lie” that an “Itsy Bitsy Teeny Weeny” Sequestration cut will cause catastrophic damage to our economy.
Besides the following article, other independent economists, who, using the same data as our US Bureau of Labor Statistics reach the entirely different conclusion that our unemployment rates are INCREASING, not DECREASING.
Thomas Jefferson said that, To preserve our independence, we must not let our rulers load us down with perpetual debt….I am for a government rigorously frugal and simple.” We have thrown his warnings to the wind and now because of our economic gluttony of QE1, QE2, QE3, QE4 etc., face the loss of our Independence and sovereignty as well.
Folks, an economic collapse will place our Bill of Rights and our Constitution in grave jeopardy! The dumbing down of our last generation has left them without an understanding of the source of the Rights that they enjoy.
Without the Bill of Rights, our 2nd Amendment and our ability to protect and preserve our Constitution and our “Natural Rights” will be abolished. All of the proposed State and Federal Gun Laws being proposed would have practically no affect on stopping incidents like Newtown while having a vital affect on our Constitutional right to preserve and protect our families and country.
This is a time for action! Don’t allow either the Obama or the Patrick Administrations to take away any more of your Constitutional Rights! Call your State and Senators and representatives and tell them NO on Unconstitutional Gun Control measures and on our “drunken sailor” Spending.
12 Things That Just Happened That Show The Next Wave Of The Economic Collapse Is Almost Here
Are we running out of time? For the last several years, we have been living in a false bubble of hope that has been fueled by massive amounts of debt and bailout money. This illusion of economic stability has convinced most people that the great economic crisis of 2008 was just an “aberration” and that now things are back to normal. Unfortunately, that is not the case at all. The truth is that the financial crash of 2008 was just the first wave of our economic troubles. We have not even come close to recovering from that wave, and the next wave of the economic collapse is rapidly approaching. Our economy is like a giant sand castle that has been built on a foundation of debt and toilet paper currency. As each wave of the crisis hits us, the solutions that our leaders will present to us will involve even more debt and even more money printing. And each time, those “solutions” will only make our problems even worse. Right now, events are unfolding in Europe and in the United States that are pushing us toward the next major crisis moment. I sincerely hope that we have some more time before the next crisis overwhelms us, but as you will see, time is rapidly running out.
The following are 12 things that just happened that show the next wave of the economic collapse is almost here…
#1 According to TrimTab’s CEO Charles Biderman, corporate insider purchases of stock have hit an all-time low, and the ratio of corporate insider selling to corporate insider buying has now reached an astounding 50 to 1….
While retail is being told to buy-buy-buy, Biderman exclaims that “insiders at U.S. companies have bought the least amount of shares in any one month,” and that the ratio of insider selling to buying is now 50-to-1 – a monthly record.
#2 On Friday we learned that personal income in the United States experienced its largest one month decline in 20 years…
Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That’s the most dramatic decline since January 1993, according to the Commerce Department.
#3 In a stunning move, Michigan Governor Rick Snyder says that he will appoint an emergency financial manager to take care of Detroit’s financial affairs…
Snyder, 54, took a step he avoided a year ago, empowering an emergency financial manager who can sweep aside union contracts, sell municipal assets, restructure services and reorder finances. He announced the move yesterday at a public meeting in Detroit.
If this does not work, Detroit will almost certainly have to declare bankruptcy. If that happens, it will be the largest municipal bankruptcy in U.S. history.
#4 On Friday it was announced that the unemployment rate in Italy had risen to 11.7 percent. That was a huge jump from 11.3 percent the previous month, and Italy now has the highest unemployment rate that it has experienced in 21 years.
#5 The youth unemployment rate in Italy has risen to a new all-time record high of 38.7 percent.
#6 On Friday it was announced that the unemployment rate in the eurozone as a whole had just hit a brand new record high of 11.9 percent.
#8 The youth unemployment rate in Greece is now an almost unbelievable 59.4 percent.
#9 On Saturday, hundreds of thousands of protesters filled the streets of Lisbon and other Portuguese cities to protest the austerity measures that are being imposed upon them. It was reportedly the largest protest in the history of Portugal.
#10 According to Goldman Sachs, bank deposits declined all over Europe during the month of January.
#11 Over the weekend, the deputy governor of China’s central bank declared that China is prepared for a “currency war“…
A top Chinese banker said Beijing is “fully prepared” for a currency war as he urged the world to abide by a consensus reached by the G20 to avert confrontation, state media reported on Saturday.
Yi Gang, deputy governor of China’s central bank, issued the call after G20 finance ministers last month moved to calm fears of a looming war on the currency markets at a meeting in Moscow.
Those fears have largely been fuelled by the recent steep decline in the Japanese yen, which critics have accused Tokyo of manipulating to give its manufacturers a competitive edge in key export markets over Asian rivals.
#12 Italy is an economic basket case at this point, and the political gridlock in Italy is certainly not helping matters. Former comedian Beppe Grillo’s party could potentially tip the balance of power one way or the other in Italy, and over the weekend he made some comments that are really shaking things up over in Europe. For one thing, he is suggesting that Italy should hold a referendum on the euro…
“I am a strong advocate of Europe. I am in favor of an online referendum on the euro,” Beppe Grillo told Bild am Sonntag.
Such a vote would not be legally binding in Italy, where referendums can only be used to repeal laws or parts of laws, but would carry political weight. Grillo has said in the past that membership of the euro should be up to the Italian people.
In addition, Grillo is also suggesting that Italy’s debt has gotten so large that renegotiation is the only option…
In an interview with a German magazine published on Saturday, Mr Grillo said that “if conditions do not change” Italy “will want” to leave the euro and return to its former national currency.
The 64-year-old comic-turned-political activist also said Italy needs to renegotiate its €2 trillion debt.
At 127 per cent of gross domestic product (GDP), it is the highest in the euro zone after Greece.
“Right now we are being crushed, not by the euro, but by our debt. When the interest payments reach €100 billion a year, we’re dead. There’s no alternative,” he told Focus, a weekly news magazine.
He said Italy was in such dire economic straits that “in six months, we will no longer be able to pay pensions and the wages of public employees.”
And of course government debt has taken center stage in the United States as well.
The sequester cuts have now gone into effect, and they will definitely have an effect on the U.S. economy. Of course that effect will not be nearly as dramatic as many Democrats are suggesting, but without a doubt those cuts will cause the U.S. economy to slow down a bit.
And of course the U.S. economy has already been showing plenty of signs of slowing down lately. If you doubt this, please see my previous article entitled “Consumer Spending Drought: 16 Signs That The Middle Class Is Running Out Of Money“.
So what comes next?
Well, everyone should keep watching Europe very closely, and it will also be important to keep an eye on Wall Street. There are a whole bunch of indications that the stock market is at or near a peak. For example, just check out what one prominent stock market analyst recently had to say…
“Every reliable technical tool is warning of major peaking action,” said Walter Zimmerman, the senior technical analyst at United-ICAP. “This includes sentiment, momentum, classical chart patterns, and Elliott wave analysis.
“Most of the rally in the stock market since 2009 can be chalked up to the Federal Reserve’s attempt to create a ‘wealth effect’ through higher stock market prices. This only exacerbates the downside risk. Why? The stock market no is longer a lead indicator for the economy. It is instead reflecting Fed manipulation. Pushing the stock market higher while the real economy languishes has resulted in another bubble.
“The next leg down will not be a partial correction of the advance since the 2009 lows. It will be another major financial crisis. The worst is yet to come.”
Sadly, most people will continue to deny that anything is wrong until it is far too late.
Time is running out, and I hope that you are getting ready.
So what do you think?
How much time do you believe that we have left before the next wave of the economic collapse strikes?
Read more at: http://theeconomiccollapseblog.com/
The Weimar Republic is the name given to the federal republic and parliamentary representative democracy established in 1919 in Germany to replace its pre-WWI imperial form of government. It was named after Weimar, the city where the constitutional assembly took place. 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:
- 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
Government spending and debt are both too high, and thisthreatens all Americans with a weaker economy and a lower standard of living. Every opportunity to reduce spending and put the government on the path to a balanced budget must be taken. Anything less is a path to defeat.
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