Archive for the ‘Government Waste’ Category

CHARTS: Here’s what Obama is calling “catastrophic” cuts imposed by the sequester

You heard President Obama’s hysterical press conference yesterday about “catastrophic” spending cuts imposed by the sequester.

Now for some perspective . . .

Note that federal spending still goes up every year under the sequester, even while household incomes continue to decline.

January posted the sharpest decline in personal incomes for Americans in 20 years, and the worst decline in after-tax incomes since 1959. American households have lost nearly $5,000 in annual income under Obama. But the federal government continues to grow and spend more regardless.

The federal government is now borrowing 46 cents out of every dollar it spends. If Obama were really concerned about the “children,” as he always claims, he’d be concerned about the mountain of debt he’s piling onto their backs.

Every baby born today in America owes $55,000 on the national debt debt. This number doubles every seven years at the current rate of spending.

If Republicans in Congress cave on this modest spending restraint mechanism known as the sequester, there really is no hope for the country.

Here was Obama’s presser on the sequester . . .

Why America is probably over

The low-information voter has triumphed.

Here’s a new Pew poll that should depress anyone who knows how to balance their checkbook. The poll shows Americans oppose spending cuts for government  . . . in every area — even for foreign aid.

48 percent support cuts for foreign aid. So almost half think foreign aid should be cut.  That’s the lone ray of hope in this poll. But with that lone exception, support for spending cuts doesn’t reach 35 percent . . . for anything else.

So all these people who oppose any and all spending cuts must include a lot of people who regularly vote Republican, voted for Romney. Go figure.

Only 20 percent support cuts for farm subsidies (which mostly go to giant agribusiness). Just 21 percent support cuts for Solyndra-style energy subsidies and the U.S. Department of Energy — which should be renamed the Department of Energy Prevention.

The U.S. Department of Energy produces zero energy, just prevents energy from being produced.

Similarly, the U.S. Department of Education should be renamed the Department of Education Prevention.

Does anyone think the quality of education in America has improved since the U.S. Department of
Education was formed under President Jimmy Carter in 1979?

The national debt stands at $16.6 TRILLION. We have trillion-dollar annual deficits as far as the eye can see. The federal government now borrows 40 cents of every dollar it spends.

Every baby born in America today now owes $52,834 on the national debt.

We’ve just added a gigantic new entitlement  program (the largest entitlement program of all time for America) with ObamaCare.

So government spending is just going to get even more out-of-control, if that’s even imaginable.

In terms of our national debt, we’re already in worse shape than Greece. Our only advantage is we can just print up more money, like confetti. Greece can’t because it’s part of the European Union.

But the American people see no problem with any of this. They want to spend more, not less . . . just like Obama.

Americans overwhelmingly support the Lindsay Lohan approach to fiscal discipline.

How well do you think this story is likely to turn out?

White House email warned of risky Solyndra venture; worried about potential political damage with 2012 coming up

WASHINGTON POST: A White House official fretted privately that the Obama administration could suffer serious political damage if it gave additional taxpayer support to the beleaguered solar-panel company Solyndra, according to newly released e-mails.

The firm had burned through millions of dollars and in January still tottered near collapse. The official wanted the government’s top budget official to warn Obama’s energy secretary about the risk, according to the e-mails.

Read more here >>>

White House calls Boehner’s efforts to control debt ‘largely irrelevant’

Jon Stewart wonders if Obama has quit the Presidency

Boehner explains why he walked out of meeting with Obama

Basically, he just needed a break after talking hour after hour to a wall.

How many ways can you say “No tax increases”? How many ways can you say “Cut spending”? How many times can you say “The plan passed by the House is the only plan anyone has produced”? How many ways can you say “What’s your plan, Mr. President?”

James O’Keefe Strikes Again: Undercover videos show government workers helping Russian drug dealers, sex traffickers, terrorists get Medicaid benefits

DAILY CALLER: Conservative filmmaker James O’Keefe released the first installment in a new video investigation Monday morning, this one focused on Medicaid fraud. The first video in the series shows government employees in Ohio assisting two men who have described themselves as Russian drug smugglers with applications for Medicaid.

In the video, the men explain to Ohio Medicaid workers that they are Russian immigrants who sell illegal drugs, drive a modified McLaren F1 sports car with a gold-coated engine, and use their underage sisters to perform sexual favors in exchange for drugs.

In response, Ohio employees tasked with disbursing federal Medicaid dollars are shown coaching the men through the process of applying for benefits. “If it’s not something registered here, maybe I just wouldn’t mention it,” a Franklin County Medicaid officer named Traci Daniels tells the men, when asked whether they should mention owning a vehicle that retails for nearly $1 million, as they apply for government aid designed to help poor people. “Not that I can say that. You didn’t hear that from me. But, that would right there, that would throw him off. He would be immediately not qualified.”

Read more here >>>

Taxpayers paid California’s chief prison psychiatrist $838,706 in 2010

BLOOMBERG: A chief psychiatrist for California’s overcrowded prison system was paid more than any other state employee in 2010, according to payroll figures released today.

The doctor, whose name wasn’t released, had a salary range of $261,408 to $308,640 and collected a total of $838,706, according to data released by Controller John Chiang. The total includes bonuses or payout of unused vacation time or sick days, according to the controller’s office. Chiang’s office later issued a statement saying the figure was wrong and would be corrected, without elaborating.

The 10 highest-paid state employees each earned more than $500,000 in the 2010 calendar year, the figures show. In contrast, Governor Jerry Brown’s salary is $173,987. Seven of the top 10 were prison doctors or dentists.

“Governor Brown is concerned about high salaries and payouts, which are driven by a number of things, including court mandates, accrued vacation time and the last administration’s furlough program,” a spokeswoman, Elizabeth Ashford, said in a statement. “We are looking closely at why some individuals receive such extraordinary sums.”

Read more here >>>

S&P downgrades America’s economic prospects following Obama’s disastrous debt speech

WALL STREET JOURNAL EDITORIAL: Why did Standard & Poor’s drop its “negative” long-term outlook bomb on America’s AAA credit rating yesterday? S&P revealed no numbers not previously known to a “shocked” stock market, which dropped 140 points. So what’s new?

Chief White House economist Austan Goolsbee declared that S&P had made a “political judgment,” and we’d have to agree, though probably not for the same reasons. The bulk of S&P’s analysis is taken up with repeatedly citing what it sees as next-to-no chance that Washington will do anything significant on deficit reduction this year or next.

“The outlook reflects our view of the increased risk that the political negotiations over when and how to address both the medium- and long-term challenges will persist until at least after the national elections in 2012,” said the credit rating outfit. S&P’s announcement is almost wholly a political analysis of the budget outlook.

There is only one reason the rating agency could suddenly have turned this dark on politics in Washington: President Obama’s speech at George Washington University last Wednesday. Mr. Obama’s “fiscal policy” speech may have sent progressive pundits cart-wheeling, but its political effect was to poison the prospect for budget negotiations.

Read more here >>>

OBAMANOMICS: Losing the Future

MARK STEYN: I always enjoy the bit in Planet of the Apes where a loinclothed Charlton Heston falls to his knees as he comes face to face with a shattered Statue of Liberty poking out of the sand and realizes that the eponymous simian planet is, in fact, his own — or was. Also the bit in Independence Day where Lady Liberty gets zapped by space aliens. And in Cloverfield when she’s decapitated by a giant monster. And in The Day After Tomorrow when she’s flash-frozen after polar-ice-cap melting brought on by a speech from Dick Cheney. I’ve been enjoying such moments since, oh, the short story “The Next Morning” in the 1887 edition of Life, illustrated with a pen-and-ink drawing of a headless statue with the smoldering rubble of the city behind her. The poor old girl was barely off the boat from France, and she’d already been pegged as the perfect visual shorthand for societal collapse.

But the United States Postal Service has now gone the Hollywood apocalyptics one better and produced a somewhat subtler image of civilizational ruin. The other day the post office apologized for its new stamp honoring Lady Liberty. Due to an unfortunate error, the stamp shows not the 19th-century Statue of Liberty that stands in New York Harbor but the 1990s replica that stands at the New York–New York Casino in Las Vegas.

Read more here >>>

Login to Join Discussion!



Categories