Showing posts with label Deficits. Show all posts
Showing posts with label Deficits. Show all posts

Sunday, October 3, 2010

One Nation Rally - The Hodge-Podge Of Disgruntled Socialist Rant

Demand the changes we voted for - One Nation Working Together is a social movement of individuals and organizations committed to putting America back to work and pulling America back together. Coming from a diverse set of backgrounds, experiences, beliefs and orientations, we are determined to build a more united country with good jobs, equal justice, and quality public education for all [how come they did not use a photo from the actual rally?]. Image Credit: OneNationWorkingTogether.org via the infamous Martin Luther King speech held on the mall 47 years ago

One Nation Rally - The Hodge-Podge Of Disgruntled Socialist Rant


This rally, billed as being planned before the Restoring Honor Rally was planned and held, was a disorienting and divisive collection of speeches and music without a clear direction to it except an "I Want More From You" chant of bigger Government socialist utopia.

One by one, Communists the likes of Van Jones, Union Leadership operatives from SEIU, AFL-CIO, and etc., and single Race representatives from American Indian tribal associations political landscape operatives (Al Sharpton), La Raza (which translates to "The Race") hispanic rights over all others ... especially legal citizens, came to the microphone to exclaim their injustice and ax to grind in the name of unity ... with all of this being moderated by MSNBC's Ed Shultz. Can you feel the love?

More than 400 organizations, including liberal faith, environmental, union, and gay rights groups, sponsored the "One Nation Working Together" demonstration on the same end of the National Mall where a month ago tea party activists and sympathizers met to hear conservative TV and Radio commentator Glenn Beck, Former Governor Sarah Palin, and a host of other speakers talk to the issue of "Restoring Honor" to our broken nation.

Organizers claimed they had as many participants as Beck's rally. But Saturday's crowds were less dense and didn't reach as far to the edges as they did during Beck's rally (see photo below). The National Park Service stopped providing official crowd estimates in the 1990s.

Side-By-Side - Restoring America Rally on left (packed with concerned American citizens) / One Socialist Nation Rally on right (packed with all of the Messiah's socialist citizens) - ironic and telling, isn't it? Image Credit: The Blaze (2010)

This excerpted and edited from Gateway Pundit -

Figures. CSPAN Uses Tea Party Rally Crowd Shot for Leftist “One Nation” Rally Article
Posted by Jim Hoft on Saturday, October 2, 2010, 10:56 AM

CSPAN is airing the leftist “One Socialist Nation” rally today in Washington DC.
Unfortunately, they didn’t have a good crowd shot of the turnout… So they used a photo from a Glenn Beck tea party rally.


Notice the Gadsden flags in the background.
(Hat Tip Editor)

This is despite the fact that thousands of supporters were given free rides by unions and the NAACP to the rally.


The actual crowd is a little sparse at the One Nation rally today.

Despite the free rides and T-shirts the leftists just couldn’t match this crowd.


This photo is from the Glenn Beck rally last month.

Reference Here>>

AFL-CIO president Richard Trumka urged participants, including his union's members, to band together. "There is nothing, and I mean nothing, we can't do when we stand side by side, shoulder to shoulder," Trumka said. "We will stand together. And we will win together. And we won't let anyone — and I mean anyone — stand in our way."

"Coming out of here, we've got to go home and ask our friends to vote, ask our neighbors to vote," NAACP President Benjamin Todd Jealous said.

Socialist protesters and paraphernalia dominated today's left-wing protest rally in Washington, DC. The so-called "One Nation" rally was led primarily by labor unions as an attempt to counter Glenn Beck's Restoring Honor Rally, which took place in DC on 8-28-2010.

Rose Dixon, a health care worker from Pawleys Island, S.C., said she hopes the rally sends a message to lawmakers on Capitol Hill. "Stop the obstructionism. Work together," Dixon said. "Stop playing politics as usual and to put the American people first. We're tired of the politics and the posturing and the games."

This quote sticks out because of its absurdity ... we have been governed since January 20, 2009 by an Executive Branch and Legislative Branch that has a single political party with a voting super majority - and they have passed legislation that has expanded Federal Government by nearly 25% and added more taxpayer debt in 19 months that it took forty previous Executive and Legislative Branches to amass in over 200 years (over 3 Trillion Dollars).

The "obstructionism" Rose Dixon is referring to, of course, is having the Federal Government release money directly to her and people like her. These people believe all power and income comes from Government as opposed to the fruits of one's own labor or intellectual property.

Not once during the rally did we, at Carter's Second Term, see or hear anyone stand up for the Constitution of the United States or the Bill of Rights.

Organizers insisted the rally was not partisan. They said the message of the rally is about job creation, quality education and economic justice. However, the 400 organizations, such as the AFL-CIO and the Service Employees International Union, Code Pink, the ACLU, and etc. always back Democrat Party candidates. We have to ask ... what are they rallying for? Their political party currently controls all of the power of this current Federal Government and unfortunately it is "One Nation"!

NAACP President Benjamin Todd Jealous was right as it relates what is needed to change things as they are in Washington today ... "we've got to go home and ask our friends to vote, ask our neighbors to vote" ... that is, we have to go into our neighborhoods and ask each of our neighbors to vote for a person that will go to Washington and vote to uphold working to have a smaller government, the Constitution of the United States, and the Bill of Rights here during Carter's Second Term.

Wednesday, April 14, 2010

WaPo and Obama Administration shape numbers and claim fiscal restraint

United States Surpluses & Deficits Graph (in billions of dollars) Image Credit: The Washington Post / Hugh Hewitt (blog)

WaPo and Obama Administration shape numbers and claim fiscal restraint


The average person stumbling upon an article appearing in The Washington Post, yesterday, about the economy and Government spending would think that our current leadership was having success at being responsible with the citizens money that had been collected in taxes.

The article begins with the following quote excerpted from The Washington Post:

Obama team points to smaller deficit numbers

By David Cho - Washington Post Staff Writer - Tuesday, April 13, 2010

"The federal deficit is running significantly lower than it did last year, with the budget gap for the first half of fiscal 2010 down 8 percent over the same period a year ago, senior Obama administration officials said Monday."
Reference Here>>

While, technically, this statement may be true, it masks the fact that the larger truth is that this adjusted figure moved from being ten (10) times larger than the deficit created by the previous leadership in 2007, to just nine (9) times larger. The Washington Post does reveal the information of this fact in two areas in their article on the Obama Administration report, in a graphic (above) and not until the 13th paragraph of this glowing piece of how well this administration is really not spending that much!

Quote from the 13th paragraph of the same Washington Post article:

"The deficit figure released by the Treasury Department for March means that the federal government has been spending more than it collected for a record 18 consecutive months, dating to the Bush administration."
Reference Here>>

The graph shows the truth of the deficits and Government spending and it is astounding that the Washington Post does not make the lead of this article that the improved spending number of $1,288,000,000,000 (1.3 trillion) is a whopping NINE TIMES larger than $158,000,000,000 ($1.6 billion) of the 2007 deficits of the Bush Administration, the first year with a Democrat Party controlled House of Representatives.

Nationally syndicated talk show host Hugh Hewitt could not have summed up how wrong this article is in its reporting of the effects of the policies of Barack Obama and the reporting job by the Washington Post.

This excerpted and edited from the blog of Hugh Hewitt -

"This is a ruinous level of spending, the sort of wildly-out-of-control hosing of printed money that could lead to a national fiscal stroke. Happy talk about a hundred billion of possible savings here and there and a reduction in earmarks should not divert attention from the fact that President Obama has led the country over a fiscal cliff, and has no solution in the offing except for a commission that will recommend vast tax hikes the prospect of which already chills investment and job growth."

Reference Here>>

In short, we all should expect a higher standard of context and truth in reports issued from our current leadership and more importantly, reporting of this information by the Fourth Estate (MSM).

Monday, February 1, 2010

Barack Obama's $3.834 trillion answer to the American voter

Voter outrage shown through a Tea Party gathering in front of the Glendale City Hall after both Stimulus and Omnibus spending bills were passed out of congress (without transparency or being read by members of Congress) and signed by Barack Obama. Image Credit: Edmund Jenks (2009)

Barack Obama's $3.834 trillion answer to the American voter

The Obama Administration has been in office now for a little over one year, and the Democrat party led Congress (House of Representatives and Senate) has been in office for a little over three.

In this time of Democrat political party leadership, we have seen our economy blow-up and our Government spending balloon to levels (even adjusted for inflation and cost of living) that defy logic. The Stimulus and Omnibus spending bills passed out of Congress and signed into law about ten months ago increased the budgets of the departments of Government on average of about 24% - the perspective on this type of increase is that budgets of Government are generally increased to reflect the increased cost of living and inflation or between 2-3% … no more than 4%. The American voter reacted to this increase in Government spending by organizing gatherings throughout the country on April 15, 2009 – Tax Day, and increased communication at Town Hall meetings throughout the year to voice their displeasure with the direction and depletion of our working labors.

This activity became known as the Tea Party Movement – this is a movement created by a Government wanting to become bigger and bigger in order to gain even greater control over our daily lives … and thereby control over our money. The Tea Party Movement is not left/Democrat Party or right/Republican party politics but a movement of Democrat, Republican, and Independent voters who wish to have our country seek a smaller Government and get back to the values outlined in the founding document of our country – The Constitution.

In November 2009, the Tea Party Movement spoke. Entrenched Democrat political party Governors were replaced in Virginia and New Jersey ... and just last month, Massachusetts voters booted out the decades long one-party representation by Edward (Ted) Kennedy (deceased) and the Democrat Party with the stunning election of Scott Brown to the US Senate.

Today, Barack Obama and his administration issued his proposal for the budget of the US Government to a record $3.834 trillion from October 2010 to September 2011. A $1.6 trillion total deficit is projected and as measured against the size of the economy, the $1.6 trillion deficit equals about 11% of the United States gross domestic product.

Debt would double under Obama's plan. Image Credit: The Heritage Foundation

This excerpted and edited from the New York Times –

$100 Billion Increase in Deficit Is Forecast
By JACKIE CALMES - Published: February 1, 2010

The additional tax cuts and public works spending that President Obama has proposed to spur job creation would add $100 billion to this year’s deficit, bringing it to nearly $1.6 trillion, according to an administration official.

A deficit of that size for the fiscal year that ends Sept. 30 would be about $150 billion greater than last year’s deficit, which was the highest since World War II.

Measured against the size of the economy, a $1.6 trillion shortfall would equal almost 11 percent of the gross domestic product. Economists generally consider annual deficits above 3 percent to be unsustainable.
Reference Here>>

Voter outrage expressed in handmade posters in front of the Glendale City Hall after both Stimulus and Omnibus spending bills were passed out of congress (without transparency or being read by members of Congress) and signed by Barack Obama. Image Credit: Edmund Jenks (2009)

This analysis excerpted and edited from Reuters –

Analysts View: 2010 budget deficit to hit new record

Reuters – February 1, 2010

Following are analysts' comments after President Barack Obama on Monday projected in his budget for the fiscal year to September 30, 2011 the budget deficit would soar to a fresh record of $1.56 trillion in 2010.

ANDRE BAKHOS, PRESIDENT, PRINCETON FINANCIAL GROUP, NORTH BRUNSWICK, NEW JERSEY

"We're talking about a record budget with record deficits. In it we have I believe $100 billion stimulus on top of what's already been approved in the past, and it's going to be interesting to see how that plays up.
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PETER BOOCKVAR, EQUITY STRATEGIST, MILLER TABAK & CO., NEW YORK:

"I don't think there is anything out there that is job creating and I don't have much confidence that some of the spending cuts will actually happen.

"I would rather come in today and focus on fundamental earnings rather than what the government's budget deficit is going to be. It's going to be large, it's going to be big and that's the most disappointing thing and this [budget] doesn't change that."

MARC OSTWALD, CURRENCY, RATES STRATEGIST, MONUMENT SECURITIES, LONDON:

"When the deficit is that size and you want to cut it meaningfully, you have to do more.

"It is still tinkering around the edges. One has to look at more meaningful things in terms of what will actually reduce the deficit, (which is) the revenue picture.

"This is really something that is going to have an impact on equities, rather than the dollar or Treasuries because it's individual areas (such as aerospace) what may be impacted."
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KORNELIUS PURPS, STRATEGIST, UNICREDIT MIB, MUNICH

"The problem of how we're going to deal with these huge deficits, not only in Greece but in the UK, Germany, this question is unsolved and today's (U.S.) budget figures are just another confirmation that it's probably a huge problem. The bond markets have little choice when it comes to investing in triple-A securities like U.S. or German Bunds because other countries are probably faring even worse than these triple-A rated countries, so I wouldn't expect a particularly negative bond market reaction."

PETER DIXON, ECONOMIST, COMMERZBANK, LONDON

"Probably the spending cuts are not really sufficient to generate the kind of savings required to get the U.S. fiscal balance back in order anytime soon. It looks like we are going to have a situation in which the U.S. budget deficit and consequently the amount of debt will be an issue."
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KENNETH BROUX, MARKET ECONOMIST, LLOYDS TSB, LONDON

"It looks to me like they are bumping up the deficit forecasts very near term so frontloading the spending just to stabilize the labor market. That's what they want to concentrate on going into the Congressional elections in November. Raising spending near term, get the deficit up but bring it down after that. If they will bring it down below 10 percent next year it will be some unqualified success."

DAVID BUIK, PARTNER, BGC PARTNERS, LONDON

"They have chosen the path of glory which is to spend their way out of trouble and this just endorses it. The taxpayers will pay for this and I think it will damage growth very badly."
Reference Here>>

Barack Obama does not care about the economic damage his Progressive political philosophy will bring to the country he calls home and has been elected to manage from the highest Executive management position in the land.

Welcome world, to Carter’s Second Term!

Wednesday, March 25, 2009

Ebony & Ivory - Obama Deficits & Bush Deficits Together

In back-to-back press conferences (held Nov. 24, 2008) by Bush (first) and Obama (second), the men either stated or implied that they were sort of working together to muscle the nation through this tough economic period. Bush said, “I talked to Obama about the decision we made. I told the American people, and I told the president-elect when I first met him, that anytime we were to make a big decision during this transition, he will be informed, as will his team.” The plans discussed are still in play to this day during the Obama Administration. Image Credit: St. Louis Post-Dispatch (2008)

Ebony & Ivory - Obama Deficits & Bush Deficits Together

These figures do not live together in perfect harmony here in Carter's Second Term.

Question:

Did you know that the Barack Obama Administration inherited deficits from the previous Bush Administration? Really?!

How can the Obama Administration continue to float the tired old saw that they just happen to inherit large deficits so it will take more just to dig ourselves out?

After sixty short days, the Congress that the Obama Administration actually DID INHERIT, and Barack Obama himself, increased the commitments to spend taxpayer money on social programs alone from the 3% of GDP to 20% of GDP ... or an increase in social spending programs of an eerie 6.66 times greater level.

It is called Deficit Spending (socialism) - and now foreign countries (China and Russia) are suggesting that the world economy adopt a new currency on which to peg/judge the value of other currencies other than the United States dollar - the formally most stable currency in the world.

Graphic showing the Bush Administration and the committed and projected Obama Administration deficits side-by-side. Graphic Credit: The Washington Post via the Heritage Foundation (2009)

This excerpted and edited from the Heritage Foundation -

Bush Deficit vs. Obama Deficit in Pictures

The Heritage Foundation - Posted March 24th, 2009 at 10.20am

President Barack Obama has repeatedly claimed that his budget would cut the deficit by half by the end of his term. But as Heritage analyst Brian Riedl has pointed out, given that Obama has already helped quadruple the deficit with his stimulus package, pledging to halve it by 2013 is hardly ambitious. The Washington Post has a great graphic which helps put President Obama’s budget deficits in context of President Bush’s.

What’s driving Obama’s unprecedented massive deficits? Spending. Riedl details:

* President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion.

* President Bush began a string of expensive financial bailouts. President Obama is accelerating that course.

* President Bush created a Medicare drug entitlement that will cost an estimated $800 billion in its first decade. President Obama has proposed a $634 billion down payment on a new government health care fund.

* President Bush increased federal education spending 58 percent faster than inflation. President Obama would double it.
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* President Bush tilted the income tax burden more toward upper-income taxpayers. President Obama would continue that trend.

* President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016.
Reference Here>>

What the American people inherited with the Clinton and Bush Administrations (and thrust forward with the Obama Administration) were the building blocks of economic slavery and communism.

First, the Government took the position that every person that lived in America (citizen or non-citizen) deserved to be able to participate in home ownership. The Clinton Administration formed the quasi Governmental financial institutions backed by taxpayer money of Fannie Mae and Freddie Mac to insure low interest loans with reduced qualification requirements. Bonus programs were implemented and paid to the political (Democrat) management of these organizations.

Banks did not want to lend money with this level of low proof, so the management of Freddie Mac and Fannie Mae had community development organizations (ACORN) prod them to loan money through lawsuits. In order to fuel demand for these weak mortgages (purchase commitments without the ability or intention to pay), the Government regulating agencies allowed them to be bundled and packaged as grouped financial instruments and sold to the highest bidder through insurance companies and financial institutions (AIG, WAMU, Wachovia, banks in France, Finland, Germany, and etc.).

What triggered this collapse is the increased payment demanded the mortgage companies when the initial period of artificially low inducement interest ran out and the actual value of the house became greater than the mortgage value of the home. People who originally had no real means to afford the home they committed to purchase in the first place, simply walked away with no real damage to their lives leaving all of the intuitions holding the mortgages without an income stream. The asset value of the bundled "Junk Mortgages" dropped and the economic crisis begins.

The sick logic in all of this is that the two-party Bush Government got our economy into this position and now the one-party Obama Government (of Obama/Pelosi/Reid) is smart enough to get us out … with heavier intervention and greater spending commitments - all on the American Taxpayer.

Does anyone in Government realize that this deficit spending of our collective money will all implode eventually?

This strategy will turn our currency into the value of the bundled "Junk Mortgages" that helped to put us into this place to start with - all on the back of the Government move toward social engineering!