News for social, fiscal & national security conservatives who believe in God, family & the USA. Upholding the rights granted by God & guaranteed by the U.S. Constitution, traditional family values, "republican" principles / ideals, transparent & limited government, free markets, liberty & individual freedom. All content approval rests with the ARRA News Service Editor. Opinions are those of the authors. While varied positions are reported, beliefs & principles remain fixed. No revenue is generated for this site - no paid ads accepted - no payments for articles. Fair Use doctrine is posted & used. Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru] - email@example.com (Pub. Since July, 2006)Home Page
Saturday, July 02, 2011
Obama Determined To Raise Taxes On Business Despite Bad Economy
Job Loss in Arkansas - In just one week, Arkansas lost approximately 673 jobs. On Thursday, Yarnell’s Ice Cream, an Arkansas staple, announced they were ceasing operations, leaving 200 jobless. Simmons Prepared Foods announced Monday they were cutting 223 jobs at its plant in Siloam Springs, and Rheem Manufacturing Co. out of Forth Smith moved 250 Arkansas jobs to Mexico last Friday.
WASHINGTON (AP) - President Barack Obama is renewing an old fight with the business community by insisting that $400 billion in tax increases be part of a deficit-reduction package. His proposals have languished on Capitol Hill, repeatedly blocked by Republicans, often with help from Democrats. Some would raise big money. Limiting tax deductions for high-income families and small business owners could raise more than $200 billion over the next decade.
Tags:Barack Obama, taxes, killing business, going out of business, bad economy, ArkansasTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
We sifted through the top public opinion polls to create a compelling video that visualized how you feel about the economy. And not surprisingly, Americans aren’t happy. But one thing is clear: people around the country think the U.S. is on the wrong track and want Congress to cut spending to get back on the right one. Watch the video below:
Americans are increasingly concerned about out-of-control government spending. According to Gallup,78-percent of Americans think the country is headed on the wrong track and 2/3 of Americans think the economy is getting worse.
We can still get our economy back on track. 79% of Americans believe that cutting government spending will help improve the economy. Let's listen to them and cut spending to help create jobs and make a stronger future for ourselves and the next generation of Americans. To learn more visit www.bankruptingamerica.orgTags:Debt, deficit, debt ceiling, Americans, Economy, jobs, polls, crisis, government spending, waste, Bankrupting America, videoTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
The 4th of July Reminds Us That Our Founders Did Not Wish To Be Bound By A King, Potentate or President And To Pay for Their Wasteful Programs Senate Republicans Fought For A Balanced Budget Amendment and Will Continue To Do So On Their Return on Tuesday July 5, 2011
SEN. JON KYL (R-AZ): “Getting the nation out of debt is a long-term proposition, one that requires a firm and steady commitment to responsible spending policies. The Balanced Budget Amendment would require Congress to balance the budget the right way: by cutting spending and implementing policies that promote economic growth and job creation.” (Sen. Kyl, Statement, 6/29/11)
SEN. LAMAR ALEXANDER (R-TN): “I am for cutting spending, capping what Congress can spend each year, and passing a Balanced Budget Amendment because Washington has to stop spending money we don't have.” (Sen. Alexander, “Alexander Statement on Balanced Budget Amendment,” Press Release, 6/29/11)
SEN. JOHN CORNYN (R-TX): “… this is, I think, the single most important thing we could do to get our economy back on track and to save generations in the future.” (Sen. Cornyn, Floor Remarks, 6/29/11)
SEN. ORRIN HATCH (R-UT): “All 47 republican members of the senate are of one mind on the need for a balanced budget amendment to the Constitution. We have listened to our constituents who are pleading with us to take action that will permanently resolve our debt crisis and keep us from getting into this situation again. That situation is a disaster.” (Sen. Hatch, Floor Remarks, 6/29/11)
SEN. MIKE LEE (R-UT): “This is essential to economic progress in America. This is essential to economic well-being and to individual liberty in America.” (Sen. Lee, Floor Remarks, 6/29/11)
SEN. PAT TOOMEY (R-PA): “A balanced budget amendment to the Constitution is the best way to bring this under control, to put us on a sustainable fiscal path, and help encourage the kind of job creation and economic growth that we badly need.” (Sen. Toomey, Press Conference, 6/29/11)
SEN. RAND PAUL (R-KY): “I can't see an argument really against this. And I really don't understand how a vast majority of the public can be for this and yet this body refuses to act.” (Sen. Paul, Floor Remarks, 6/29/11)
SEN. ROB PORTMAN (R-OH): “The balance budget [amendment] would send that message of certainty and predictability that private investors are looking for to bring back the jobs and get our economy back on track.” (Sen. Portman, Press Conference, 6/29/11)
SEN. THAD COCHRAN (R-MS): “I believe that as a nation, we have reached a point where we must embrace enforceable measures to control government expenditures. The proposed Balanced Budget Amendment provides such a structure… We simply cannot continue on our current path. The immediate and long term debt crisis facing the United States threatens our economic and social well-being.” (Sen. Cochran, Press Release, 6/29/11)
SEN. RON JOHNSON (R-WI): “We've got to put in those types of hard spending caps, that type of limit on the federal government, if we're really going to solve this problem.” (Sen. Johnson, Fox News, 6/29/11)
SEN. BOB CORKER (R-TN): “The reason that we need a balanced budget amendment, or some type of constitutional amendment to limit spending, is that Congress will fall off the wagon.” (Sen. Corker, Press Conference, 6/29/11)
SEN. JIM DeMINT (R-SC): “We can’t keep taking out new credit cards to pay off the ones we’ve maxed out. It’s time to pass a balanced budget amendment and force Washington to stop spending more than we’re taking in.” (Sen. DeMint, Press Release, 6/29/11)
SEN. JEFF SESSIONS (R-AL): “I think it’s another example of the republican leadership stepping forward with real proposals that would change the course that we are now on, an unsustainable course, and I am pleased to support the amendment.” (Sen. Sessions, Press Conference, 6/29/11)
SEN. JOHN HOEVEN (R-ND): “Families balance their budget. Businesses have to balance their budget. Cities have to balance their budget. States have to balance their budget. The federal government needs to balance its budget.” (Sen. Hoeven, Floor Remarks, 6/29/11)
SEN. JOHN BOOZMAN (R-AR): “If American families ran their household budgets the way Washington runs its budget, the utilities would be shut off and the collection agencies would be knocking on their doors. The American people are now knocking on the doors of the Capitol demanding the government limit its spending.” (Sen. Boozman, Congressional Record, S.4109, 6/27/11)
SEN. MARK KIRK (R-IL): “In addition to immediate spending cuts, the country needs long-term enforcement mechanisms like the BBA to prevent future Congresses and Administrations from again incurring such an overwhelming federal debt.” (Sen. Kirk, Statement, 6/29/11)
SEN. ROGER WICKER (R-MS): “We must quit spending money that we do not have. I remain committed to reducing spending in ways that make sense, and a Balanced Budget Amendment is an important part.” (Sen. Wicker, “Wicker Calls for Vote on Balanced Budget Amendment,” Press Release, 6/29/11)
SEN. LINDSEY GRAHAM (R-SC): “There is zero chance we will ever balance our nation’s budget under the current construct. I’m convinced the only way Congress and the President will annually balance the federal budget is if it’s constitutionally required. Without a Balanced Budget Amendment both parties will only talk about balancing the budget, never actually get it done.” (Sen. Graham, Statement, 6/29/11)
SEN. RICHARD BURR (R-NC): “Congress must change its ways, and it must act now. I am proud to join with my colleagues in taking the necessary steps to control federal spending and reduce our debt.” (Sen. Burr, “Statement on the Balanced Budget Amendment,” Press Release, 6/29/11)
SEN. MIKE CRAPO (R-ID) & SEN. JIM RISCH (R-ID): “The time to balance the federal budget by reducing spending is now, and Congress has no leeway left to deal with the issue. That’s the message sent today by 47 members of the U.S. Senate, including Idaho Senators Mike Crapo and Jim Risch, who support a new Balanced Budget Amendment to the U.S. Constitution.” (Sens. Crapo & Risch, Press Release, 6/29/11)
SEN. SUSAN COLLINS (R-ME): “America's runaway debt, more than $14 trillion and growing, poses a grave threat to our nation's future prosperity. That is why I have cosponsored the Constitutional Balanced Budget Act. I cosponsored a similar measure when I was first elected to the U.S. Senate, and I wish it had passed when I first voted for it in 1997.” (Sen. Collins, Statement, 6/29/11)
SEN. JERRY MORAN (R-KS): “…our message to the American people and to the Administration on the debt limit vote is simple: spending beyond our means is no longer an option. By passing the Balanced Budget Amendment and forcing Congress to be disciplined and live within a budget, we will turn away from record deficits and toward fiscal responsibility.” (Sen. Jerry Moran, Press Release, 6/29/11) Tags:US Senate, Republicans, Broke or Balanced, Balanced Budget Amendment, 4th of July, 2011To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Today in Washington, D.C. - July 1, 2011:
The House is already in recess. And today the Senate headed out of town. Today, the Senate met briefly for pro forma session. They agreed to return on Tuesday verses taking their schedule break. When the Senate returns, it will take up the motion to proceed to S.J. Res. 20, a resolution on Libya.
Yesterday, the Senate voted 94-0 to confirm Gen. David Petraeus as CIA director.
The AP reports, “President Barack Obama will be taking a break for the Independence Day holiday weekend. He'll travel to Camp David in western Maryland Friday afternoon, following some morning meetings.” Finally, the President or his WH advisers "might" have listened to bloggers, cartoonists, and others who have complained about his extravagant trips. Although he will be out of Washington, D.C., he will be using an already paid for government retreat location established for Presidents and their families. Camp David is secure and in reality an alternative White House without all the visitors and White House staff.
The Vice President is also out of town but not in Delaware. Politico, reports, “Like President Obama, Joe Biden will be leaving Washington on Friday — but instead of relaxing at Camp David, the vice president will be talking to union members in Las Vegas.” When Biden talks with anyone, we should be concerned, but when he meets with the unions in Vegas, we need to be very concerned.
End of Week Comments: At his press conference on Wednesday, President Obama said, “And I’ve got to say, I’m very amused when I start hearing comments about, well, the President needs to show more leadership on this. Let me tell you something. . . . We’ve got to get this done. And if by the end of this week, we have not seen substantial progress, then I think members of Congress need to understand we are going to start having to cancel things and stay here until we get it done. . . . And then they're saying, Obama has got to step in. You need to be here. I’ve been here. . . .You stay here. Let’s get it done.”
Responding to the president’s complaint, Senate Majority Leader Harry Reid cancelled the Senate’s July 4th recess. And speaking on the floor yesterday, Senate Republican Leader Mitch McConnell said, “I’d like to invite the President to come to the Capitol today to join Republicans for lunch, or at any time this afternoon that he can make it. That way he can hear directly from Republicans why what he’s proposing won’t pass. And we can start talking about what’s actually possible. The President says he wants us to get working. I can’t think of a better way than to have him come over and hear directly from our conference about the legislative realities in the Congress right now.”
But as CNN reported, the White House dismissed the idea, with Press Secretary Jay Carney saying, “That's not a conversation worth having.” CNN wrote, “White House Spokesman Jay Carney responded to the remarks by reeling off several ‘listening sessions’ the president has had with both McConnell and Reid and House and Senate Republicans at the White House on the debt issue. ‘[McConnell] invited the president to hear what would not pass,’ Carney said. ‘That's not a conversation worth having. What we need to have is a conversation about what will pass.’ As for the prospect of Obama cancelling his evening fundraisers, Carney demurred. ‘We can walk and chew gum at the same time, as the president said yesterday,’ he said.”
Sen. John Cornyn (R-TX) expressed frustration with the president’s absence from the prior discussions and his empty rhetoric in his speeches. . On the floor speech yesterday, saying, “Frankly, it rankles many of us to have the President engage in such blatant demagoguery and blame-shifting, when he himself is unwilling to take responsibility for his duties, which are to lead by example. We are ready to work with the President to try to solve the Nation's problems. The House has passed a proposal. . . . [T]here are plenty of other proposals out there that will fix the Nation's fiscal problems, one of which is the President's own fiscal commission itself. He appointed it . . . otherwise known as the Bowles-Simpson Commission, a bipartisan commission the President appointed himself. But he has ignored it. There is another one, the Domenici-Rivlin Commission, a bipartisan commission that made recommendations. The President has ignored it.”
As freshman Sen. Kelly Ayotte (R-NH) said yesterday, “Mr. President, you called on us yesterday to work. We are here working. The only financial and fiscal blueprint that you have offered--your budget for 2012--did not even get one vote from a member of your party in this Chamber. This budget blueprint would have added another $14 trillion to our debt. So I say to our President: We are willing to roll up our sleeves and get to work with you to avert this looming fiscal crisis, but where is your plan that will reduce spending and get us on a responsible fiscal path to preserving the greatest country in the world?”
Conclusion:4th of July in Washington, D.C. - Politicians Absent But Spending And Debt Still Present! Tags:Today in Washington, D.C., US House, US Senate, Barack Obama, Joe Biden, absent, debt, spending, present, Michael Ramirez To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Uncle Scam Obama What You To Believe:
Corporate Jets Will Hurt Kids.
My 800 Billion Dollar Stimulus Plan Worked.
I Am Not A Socialist.
Another Stimulus Will Work This Time.
Mslum Brother-Hood Are our Friends.
I Created 3 Million Jobs.
Healthcare Cost Won't Go Up With Obama-Care.
GOP are Sabotaging The Economy.
Taxing The Rich Will Help The Economy. I Love The 4th of July
Tags:A.F. Branco, political cartoonist, Uncle Scam, Barack Obama, 4th of July, liesTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
U.S. Adds Israel and Removes North Korea From Terrorist List
TheBlaze reported yesterday and NewsMax today that Israel has being added to a U.S. Terror List. Any one wondering where the Heads of DHS and ICE are presently residing. Sort of like Deja Vu only substituting Israel for patriotic Americans previous placed on watch lists. Recalling a prior report on the actions of the Department of Homeland Security (DHS) and the State of Missouri: "On February 20, 2009, the State of Missouri, via its Department of Public Safety, issued what was called "MIAC Strategic Report: The Modern Militia Movement." In this report, people who supported Presidential candidates Ron Paul, Bob Barr, and Chuck Baldwin were referenced as being connected to potentially dangerous "militia members." But the inference did not stop there. People of "conservative" ideology were also identified in the State Police report as being potentially dangerous. People who held political opinions opposing abortion, illegal immigration, the New World Order, the North American Union, the Income Tax, the U.N., etc., were profiled in the MIAC report.". No Islamic extremists. No environmental extremists. Only people holding "conservative" or "right-wing" philosophies were identified in the MIAC report.
Now, we find another agency of DHS has identified resident from the only democratic country in the Middle East, an ally of the United States, to be on a DHS watch list while those from North Korea, who is a sworn enemy of the United States, are removed from the terrorist list. Who running this American Government DHS NutHouse?
The Obama administration has added Israel to a list of 36 ‘specially designated’ countries that have ‘shown a tendency to promote, produce, or protect terrorist organizations or their members.’
The ‘specially designated country’ list is used by Immigrations and Customs Enforcement (ICE) to screen detained foreigners with an extra step, called a “Third Agency Check.” Overall, the countries on the list are unsurprising, with two exceptions this year. Israel was not on the list in 2008, but now in 2011, it has been added. North Korea, on the other hand, was dropped from the list this year but was on it in 2008.
As reported by CNS News, ICE Spokeswoman Gillian Christensen claims the creation of the list began at least seven years ago during the Bush administration, and ICE was not responsible for creating it. According to a written statement by Christensen:
“The U.S. does not and never has considered Israel to have links to terrorism, but rather they are a partner in our efforts to combat global terrorism. Countries may have been included on the list because of the backgrounds of arrestees, not because of the country’s government itself.”
There are only five countries on the list that do not have majority Muslim populations, and those countries have had serious internal problems with radical Muslim terrorist groups or insurgencies.
The United States has designated Israel as a country that tends to “promote, produce, or protect terrorists,” while at the same time calling the country an anti-terror partner. The designation is an admission that Israel not only is surrounded by countries and territories that produce terrorists but also unwillingly harbors terrorists within its own territory, CNSNews.com reported.
Also on the list of 36 such countries are the Palestinian territories of the West Bank and Gaza, as well as Israel’s four neighbors of Egypt, Jordan, Syria, and Lebanon. The Department of Homeland Security’s Office of Inspector General published the list of "specially designated countries" as part of its “Supervision of Aliens Commensurate with Risk” report, CNSNews reported.
“The U.S. does not and never has considered Israel to have links to terrorism, but rather they are a partner in our efforts to combat global terrorism,” Immigration and Customs Enforcement (ICE) spokeswoman Gillian Christensen told CNSNews. “Countries may have been included on the list because of the backgrounds of arrestees, not because of the country’s government itself.”
ICE would not say who put Israel on the list or when. However, Christensen said the list was created at least seven years ago, during the presidency of George W. Bush, and that ICE was not responsible for creating it.
Tags:Unites States, DHS, Israel, North Korea, terrorist, listTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
While Obama Simply Calls For Tax Hikes, Republicans Offer Solutions and Push For Balanced Budget Amendment
Today in Washington, D.C. - June 30, 2011:
The House is still in recess until after the 4th of July. The Senate scheduled for a recess next week, has cancelled the recess and will return after the long Fourth of July weekend to get back to work. The focus remains on the raising the amount of money the government may barrow - thus raising the national debt. Democrats focus on spending and more taxes. Republicans focus on reducing federal spending and a Balanced Budget Amendment.
Today, the Senate begins debate on the nomination of Gen. David Petraeus to be the CIA director. Around 2 PM, the Senate will vote on the nomination.
Yesterday, the Senate voted 79-20 to pass S. 679, the nominations reform bill. Following that vote, the Senate rejected an amendment from Sen. Tom Coburn (R-OK) to S. Res. 116 that would have required CRS reports on whether new legislation would establish duplicative programs. The amendment needed 65 votes to pass. The Senate then voted 89-8 to adopt S. Res. 116, the resolution streamlining Senate rules on nominations.
Politico reported yesterday, “As President Barack Obama told reporters that Republicans ‘don’t want a balanced approach’ in debt talks, Senate Republicans on Wednesday stepped up pressure on Democrats to help pass a constitutional amendment requiring the government to balance its budget each year. ‘We expect that [Obama] will be pushing for tax increases as a condition to get some kind of deficit-reduction package,’ Minority Leader Mitch McConnell said at a Capitol Hill news conference that coincided with one Obama held with reporters at the White House. ‘Our view is: A good first step is a balanced-budget amendment to the Constitution.’ About a dozen GOP senators lined up before the cameras to speak on the need for such an amendment. . . . All 47 Senate Republicans have co-sponsored a balanced-budget proposal authored by Utah Sens. Orrin Hatch and Mike Lee. . . . [McConnell] successfully requested Wednesday that the balanced-budget proposal be placed on the Senate calendar so it can bypass the committee process and be brought directly to the floor at a later date. He said last weekend he wants the Senate to vote on the proposal the week of July 18.”
The Republican call for a balanced budget amendment was in marked contrast to Obama’s press conference at the same time, where the president was calling for tax increases. As National Review Online’s Andrew Stiles put it, “While President Obama was accusing them of wanting to raid scholarship accounts for needy children in order to incinerate the money in the engine of some rich guy’s private jet (or something), Senate Republicans launched an effort to pass a balanced-budget amendment to the Constitution, urging Congress to impose on itself the same budgetary rules by which 49 out of 50 (all but Vermont) states must abide.”
In a speech today, Leader McConnell detailed the problems with what President Obama said at his press conference. “What I heard him propose is that we solve the debt crisis by spending more money. And that we solve a jobs crisis by raising taxes. . . . ‘His own Small Business Administration has told him not to enact one of the tax hikes he’s now proposing on job creators because, quote, ‘they could force many small businesses to close.’ Fourteen million people out of work and he wants to take an action that could force small businesses across the country to close? That’s his vision of ‘shared sacrifice?’ I think the American worker has sacrificed enough. Besides, all of us know that Congress isn’t going to approve hundreds of billions of dollars in tax hikes — it’s not going to happen. We’ve known that for six months — and we’ve been saying it all along. These are tax hikes that couldn’t pass last year when the Democrats ran this town. The President doesn’t seem to get it.”
As Senate Republican Whip Jon Kyl said yesterday, “Getting the nation out of debt is a long-term proposition, one that requires a firm and steady commitment to responsible spending policies. The Balanced Budget Amendment would require Congress to balance the budget the right way: by cutting spending and implementing policies that promote economic growth and job creation. . . .We need to act now. A balanced budget amendment to the Constitution is the best way to bring this under control, to put us on a sustainable fiscal path, and help encourage the kind of job creation and economic growth that we badly need.”
Today, Sen Scott Toomey (R-PA) held a a conference with bloggers to discuss Senate Republicans’ push for a balanced budget amendment, controlling government spending, and the ongoing debt negotiations. Toomey has joined all 47 Senate Republicans in cosponsoring an amendment to the Constitution requiring the federal government balance its budget. Sen. Toomey said, “The mountain of debt and deficits we’re running is already having a chilling effect on job creation because small businesses and entrepreneurs are unwilling to make an investment, unwilling to hire a worker, with the threat of inflation, high interest rates, and high taxes that these deficits and this debt implies.” He emphasized the financial crisis that our country is facing with the current size of "our debt being 70% of our GDP." He also identified that "this debt does not count intergovernmental obligations; it does not count the contingent liabilities - the guarantees that we applied to the debt of Freddy and Fannie, and does not count the Tens of Trillions of dollars of unfunded big entitlement programs."
Sen. Toomey described the Balanced Budget Amendment (BBA) as being "bold, dramatic, and something the American people understand and beleive in and something that will solve this problem." The BBA will force Congress and the Federal government to live within our means. However, of great importance is to also prevent government under a BBA from continuously raising of taxes and revenue so government can spend more money. So the proposed Republican sponsored BBA includes according to Toomey, "A spending limitation whereby spending could not exceed 18% of GDP and they it includes a 'super-majority' vote by both houses of Congress to raise taxes."
Bill Smith, ARRA News Service editor, expressed concern to Sen. Toomey, that republicans do not compromise to get democrat votes on the BBA when trying to deal with the immediate problem that are being faced right now. We need the amendment but we also need to right now limit spending when Democrats are still pushing for more spending and higher taxes. Sen. Toomey responded, "I agree, I and many of his colleagues are advocating that in addition to passing the balanced budget amendment that as a condition of raising the debt limit we establish some real caps that would take effect immediately because as you point out it would take several years before a balanced budget amendment would be adopted by the States and this one is designed to take effect several years after the amendment is adopted."
House Republicans have already proposed two versions of a Balanced Budget Amendments. While the Senate would prefer their version, it appears that once thing they need to do is to shorten the implementation date when the BBA would take effect.
While passage of BBA is both important and the right approach to tackling future Washington’s spending and debt problems, faced with the many years until a passed BBA could be ratified and then implemented. Right now, it is critical that "We the People" hold our senators and representatives accountable and to push them to do something now - not years from now - to limit spending and reduce the size of government and entitlement programs. If we don't, we may be bankrupt and our economy permanently destroyed long before any BBA would take effect. The House Republican Committee's plan to Cut, Cap and Balance represent the people's needs right now.
Rep. Rick Crawford, Opt-Ed: While Congress is stalemated over fixing our debt problem, millions of unemployed Americans are asking why we aren’t focused on jobs. There are diverse opinions on how to solve our fiscal crisis, but we can all agree economic growth is key to both reducing the debt and creating jobs. Economic progress should start with three basic principles: overhauling our complex tax system, scrapping unneeded regulations, and encouraging domestic energy production.
The recent jobs report was abysmal. The economy is at a standstill and the unemployment rate has been stubbornly stuck above eight percent for 28 consecutive months. In a speech to car manufacturers, President Barack Obama likened the job numbers to “bumps in the road to recovery.”
The president’s remarks are insincere for two reasons. First, the “bumps” he referenced are the failed policies of a broken Washington. Second, under President Obama’s tenure, the bumps in the road have turned into potholes.
Ironically, while the president is scratching his head about the struggling economy, the answer is right in front of his face. All he needs to do is ask the people who led the way in every economic recovery this country has seen: small business owners.
A quick look at history will give you all the answers you need. During the period of economic prosperity following the late 1980s, three-fourths of job creation was generated by small businesses.
How did this happen?
It was the new-found ability for businesses to access capital. When President Ronald Reagan lowered tax rates, it unleashed a massive amount of investment in the private sector because businesses could stretch their dollar without facing excessively high taxes. Increased access to capital led to investment, which created jobs.
In the House of Representatives, my conservative colleagues and I have a plan. The plan is to spur economic growth in a similar fashion by reducing overall tax rates, broadening the tax base, and eliminating unfair tax deductions and credits that favor companies with powerful teams of Washington lobbyists.
As the hardworking people of the First District know, the government makes it harder on job creators by bogging them down with burdensome regulations. Farmers are facing skyrocketing compliance costs due to the overreaching Environmental Protection Agency (EPA). A prime example of job-killing policies is the EPA's outrageous proposal to heavily regulate farm dust under the Clean Air Act. This regulation alone threatens thousands of agriculture-related jobs – hitting Arkansas especially hard.
As a Member of the Committee on Agriculture, I’ve heard testimony from various regulators on policies that place an unfair burden on job creators. When asked how much consideration they give to the effect proposed regulations have on jobs, they cannot provide an answer at all.
The President has no reason to be surprised by a high unemployment rate when his own agency appointees don’t even evaluate the economic consequences of their actions.
Perhaps the most costly problem affecting businesses - along with the wallets of nearly every American - is outrageous gas prices. The average household is forced to spend over $300 per month on fuel. As oil prices doubled during the Obama presidency, what has he done to address this growing cost on American families and businesses? He places a drilling moratorium on the Gulf Coast and travels to Brazil publicly stating that America would like to be “their best customer.”
Since my arrival in Congress, I voted in favor of two measures that encourage oil exploration in the United States. Unfortunately, these bills are held up in the Senate, where too often good bills go to die.
As a Member of Congress who was elected to steer our country back on track, my top priority remains getting Arkansans back to work. And that begins by scaling back the reach of government and enacting policies that allow the economy to grow.
With unemployment hovering at an unacceptable rate, one thing is clear: We cannot drag our feet any longer. The time to act is now.
------------ In 2010, Rick became the first Republican ever elected to represent Arkansas’s First Congressional District since Reconstruction, and he is honored to serve on the Agriculture and Transportation & Infrastructure Committees in the 112th Congress. Rick and his wife Stacy, also an ASU graduate, live in Jonesboro with their two children. Tags:Rick Crawford, Arkansas, 1st Congressional District, US Representative, jobs, work, unemploymentTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
ARRA Editor: The following cartoon by A.F. Branco may be satire, but it truly relates the absurdity going on at the TSA (Totally Stupid Administration) and it needs to cease. Consider this: if the grandma had been a Berka dressed woman, she would have been waived through without further questioning. Besides the insanity of the actions being perpetrated on Americans, we are paying these people and the Federal government is already broke. I don't blame the people working at TSA, I blame the administration for their even being required or authorized to perpetrate such actions on our fellow citizens. A.F. Branco:
Tags:A.F. Branco, political cartoon, satire, TSA, diaper, seniorsTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Senate Republicans Unite To Push Balanced Budget Amendment
Update 2;13 CDT: President Obama today called for higher taxes instead of larger spending cuts as part of his request for a debt limit increase. Speaker John Boehner responded to the remarks by President Obama:
“The President's remarks today ignore legislative and economic reality, and demonstrate remarkable irony. His administration has been burying our kids and grandkids in new debt and offered no plan to rein in spending. Republicans have been leading and offering solutions to put the brakes on this spending binge. The President has been AWOL from that debate.
The President is sorely mistaken if he believes a bill to raise the debt ceiling and raise taxes would pass the House. The votes simply aren’t there – and they aren’t going to be there, because the American people know tax hikes destroy jobs. They also know Washington has been on a spending binge for many years, and they will only tolerate a debt limit increase if we stop it.
The new majority in the House is going to stand with the American people. A debt limit increase can only pass the House if it includes spending cuts larger than the debt limit increase; includes reforms to hold down spending in the future; and is free from tax hikes. The longer the President denies these realities, the more difficult he makes this process. If the president embraces a measure that meets these tests, he has my word that the House will act on it. Anything less cannot pass the House.”
Today in Washington, D.C. - June 29, 2011:
Confronted by the House Republicans standing for reducing governments and balancing the budget and the Senate Republicans today kicking off a media blitz to push a balanced budget amendment, President Obama took to the air waives via a White House press conference. What we heard and saw was more pontification and questionable rhetoric with minimum leadership in reducing the size of government, releasing the economic engine of America or stopping the wasting the use of military resources in Libya and other locations with no direct impact on today's American interests. Seeking now to Fact Check his comments.
House in Recess. Senate resumed consideration of S. 679, the nominations reform bill. Before have began 4 roll call votes on pending amendments to the bill, followed by a vote on final passage. The bill will require 60 votes to pass. The amendments the Senate will consider are two from Sen. Jim DeMint (R-SC), one to block certain loans to the IMF and one to remove various congressional affairs and press positions from the scope of the bill, one from Sen. Rob Portman (R-OH), to remove military comptrollers from the bill, and one from Sen. Pat Toomey (R-PA) removing IMF governors from the bill.
After the Senate completes work on S. 679, it will take up S. Res. 116, the resolution streamlining Senate rules on nominations. Following an hour of debate, the Senate is scheduled to vote on an amendment from Sen. Tom Coburn (R-OK). If all amendments to the resolution are worked through, the Senate could vote on passage of S. Res. 116 today.
Roll Call reports today, “Republican Senators are set to kick off a media blitz to push a balanced budget amendment, beginning Wednesday in D.C. and building up through their July Fourth recess next week, when Members will flood local papers and airwaves with support. Minority Leader Mitch McConnell (R-Ky.) laid the groundwork for the campaign Sunday, when he told ABC News that he would call for a mid-July vote. More than a dozen lawmakers will hold a news conference Wednesday morning to reintroduce the bill they touted in March, followed by colloquies on the floor Wednesday and Thursday and multiple television appearances throughout the week.”
Indeed, though President Obama is also holding a news conference this morning, Senate Republicans will be offering an important contrast with the president. At the same time President Obama is explaining to reporters why he thinks taxpayers should take the hit for his out of control spending, a large group of Senate Republicans will be fighting to make the government live within its means and balance its budget.
Roll Call adds, “All 47 Members of the Republican Conference have united behind the balanced budget amendment, a rare occurrence in a Conference that encompasses moderates such as Olympia Snowe of Maine and tea party darlings like Rand Paul of Kentucky and Mike Lee of Utah. . . . In March, 10 Democrats backed a ‘sense of the Senate’ amendment offered by Lee in support of a balanced budget amendment: Mark Begich (Alaska), Michael Bennet (Colo.), Sherrod Brown (Ohio), Tom Carper (Del.), Herb Kohl (Wis.), Joe Manchin (W.Va.), Claire McCaskill (Mo.), Bill Nelson (Fla.), Ben Nelson (Neb.) and Mark Udall (Colo.). . . . ‘America faces a choice — do we go broke or do we enact a balanced budget amendment to slash our over $14 trillion debt? That’s why we are forcing this debate that Washington Democrats don’t want to have, because we have to start living within our means,’ said Sen. Orrin Hatch (R-Utah), who will lead the floor colloquy Wednesday.”
Speaking on the floor this morning, Senate Republican Leader Mitch McConnell explained the importance of a balanced budget amendment in the context of the starkly different approaches of Republicans and Democrats to our nation’s fiscal crisis. “Republicans believe that if you increase spending to the point that you can no longer pay the bills, then you need to find a way to cut costs. Democrats seem to think that if you increase spending to the point that you can no longer pay the bills, you need to find other people to pick up the tab. This is the fundamental difference between the two parties in this debate: Republicans think that Democrats should be held accountable for the way they’ve mismanaged the national checkbook over the past two years, and Democrats seem to think taxpayers should take the hit.”
“Democrats spent beyond their means, and now they expect a bailout — from the taxpayers. That’s what this debate is all about: it’s about holding Washington accountable for a change. It’s about drawing a line in the sand and saying, no, the taxpayers will not bail out politicians. It’s about refusing to subsidize the Democrats’ irresponsible spending habits another day. Democrats have shown through their reckless spending over the past two years that they’re not all that concerned about our fiscal future. They shouldn’t expect to be rewarded for it.”
“And that’s why all 47 Republicans in the Senate support a Balanced Budget Amendment to the U.S. Constitution. The debate we’ve been having here over the past few days shows more than ever why we need a Balanced Budget Amendment in Congress. A Balanced Budget Amendment would require that lawmakers stop spending money we don’t have. And when we come back from the July 4th break we will fight for an opportunity to vote for it. Broke or Balanced. That’s the choice. The American people should know where their senators stand on this issue of accountability. Senators can talk all day long . . . A vote in favor of the Balanced Budget Amendment will show that they mean it. A vote against it will show that they don’t. . . . Republicans are totally united in this effort. All we need is 20 Democrats to join us.” Tags:Washington, D.C., Republican, Balanced Budget Amendment, US Senate, Democrats, federal sppending, Barack ObamaTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
SEN. HARRY REID (D-NV): “I think we have to look at revenues… And I hope that that's what the president will talk about tomorrow.” (Sen. Reid, Press Briefing, 4/12/11)
SEN. TOM HARKIN (D-IA): “…we must act decisively to raise revenues…”(Sen. Harkin, Congressional Record, S.3983-4, 6/22/11)
SEN. BERNIE SANDERS (I-VT): Low taxes “insane” and “immoral.” “Republicans say [revenues are] off of the table. That is an equation that is insane, it’s immoral, and as you’ve just indicated, it is not good economic policy.” (MSNBC, 6/28/11)
SEN. CLAIRE McCASKILL (D-MO): “We also have to look at the revenue side.”(Fox News’ “Hannity,” 6/17/11) Tags:US Senate, republican, democrat, positions, dueling, tax increases, balanced budget, BBA, balanced budget amendmentTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Benko: The Gold Standard Prefers Main Street to Wall Street
Bill Smith, Editor: The following article is by one of our contributing authors, Ralph Benko. This time, I wanted to also highlight that Ralph's article was however first run by friend and fellow blogger, Shane Vander Hart on Caffeinated Thoughts. Bloggers like to read and follow other good bloggers. And, Shane is a conservative blogger whose blog I make a point to routinely drop by and read as well following his posts daily via my Google reader with of course my caffeinated coffee. By Ralph Benko, Caffinated Thoughts:The Wall Street Journal on May 7th, wrote a profile of the silver market precipitated by its sharp sell-off. Gregory Zuckerman and Carolyn Cui observe:
Long-time fans of precious metals often are mavericks who can be suspicious of mainstream securities firms, wary of financial catastrophe and reluctant to keep their money in the bank. They often rely on the advice of newsletter writers, obscure websites and coin-shop proprietors or their own research.
Once considered a haven for those with bleak economic outlooks or dystopian views of society, gold and silver began to rise early in the last decade, as investors searched for ways to protect against the falling dollar.
This encapsulates a peculiar but persistent attitude toward gold: “a haven for those with bleak economic outlooks or dystopian views of society.” There is much to this — in reference to an earlier class of investors.
Gold holds its value when national currencies collapse and is easily imported and universally traded. It feels like the perfect investment for the apocalypse. A few weeks ago, gold passed $1,500 an ounce, an astonishing level. George Soros warned of a bubble back when gold was barely over $1,000. Glenn Beck cried that the run was just beginning: just wait until the United States is bankrupt and the real trouble starts. Gold bulls talk of $2,000 gold, $5,000 gold, even $10,000 gold.
But precious metals now have drawn a far more sophisticated class of investor. Zuckerman and Cui describe how the big investors have “ formed two sides of an intellectual debate, pitting those who fear severe economic disruption against those who think the Federal Reserve can steer the economy to calmer territory.” He describes how George Soros’s fund, after buying and holding gold for two years in anticipation of deflation would cause the price of gold to soar, recently closed out their position. Why? Their belief that the Fed has dodged the deflationary bullet and will avert inflation through signals of intention to raise interest rates. John Paulson remains bullish on gold, believing that the Fed will lose its grip on inflation.
Latecomers to the gold standard story, like the Wall Street Journal and the New York Times, still have a lot of catching up to do with the media leaders Forbes.com (where this writer regularly publishes) and RealClearMarkets.com. These latter publications, edited by the sophisticated John Tamny, together with APIA’s Gold Standard 2012 and the Lehrman Institute’s online venue, with both of which this writer is professionally affiliated, set the pace worldwide for commentary on monetary policy and, especially, the reemergence of the gold standard as a mainstream policy option.
The paper dollar inherently is unstable. Traders as brilliant as Soros’s Keith Anderson and Paulson take opposite positions on how that instability is likely to manifest — inflation or deflation — and what impact either will have on the price of gold as a demonetized commodity.
There is a critical distinction to be made between gold as a commodity and gold as a policy option. Without the golden gyroscope, the dollar is prone to wild fluctuations and its inherent instability produces a severe drag on economic growth, job creation, and the ability of regular people to save and invest for their families and their future.
The gold standard removes the “casino” element injected into the world by the paper dollar standard. Wild fluctuations ultimately privilege the sophisticated. The gold standard is (small r) republican money. It restores security and prosperity to regular citizens. The gold standard prefers Main Street to Wall Street.
------------ Ralph Benko is senior advisor, economics, to American Principles in Action’s Gold Standard 2012Initiative, a lead participant in the Iowa Tea Party’s upcoming Bus Tour. He co-led the gold standard breakout session at the Tea Party Patriots’ American Summit and is the editor of the Lehrman Institute’s The Gold Standard Now Tags:Ralph Benko, Gold Standard, Main Street, Wall Street, Caffeinated ThoughtsTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Note: Rep. Michele Bachmann (R-MN) has filed for the Republican Nomination for President. Last election, Gov. Sarah Palin (R-AK) was the Republican candidate for Vice President and may in the future also opt to run for President. It is not that the Republican party is being feminized or liberated. By Caroline May: While Democrats have long been seen as the party most concerned with women’s issues, Republicans won the women’s vote by one percentage point during the 2010 election cycle. Sensing blood in the water, the GOP is working to position itself to once again win the women’s vote in 2012 and — perhaps — beyond.
The highest ranking Republican woman in the House, Washington Rep. Cathy McMorris Rodgers, is one of the major players in the fight to win women’s approval and votes. Indeed, the two-time vice chairwoman of the House Republican Conference and co-chair of the Congressional Caucus for Women’s Issues has been working hard to show that women’s issues are GOP issues.
According to McMorris Rodgers and her GOP colleagues, women start two out of every three new businesses, create nearly $2.5 trillion in revenue annually, manage 83% of household income, and represent the majority of America’s health care providers. “[Women] understand firsthand the impact of regulations, tax policy on starting a new business,” McMorris Rodgers told TheDC. “We need to continue to talk to women about health care. The health care bill that passed last year is not popular among women … [who] make the health care decisions for many households — for themselves, for their families — and they don’t like the idea of the federal government in the way of them being able to make those health care decisions.”
Despite rhetoric to the contrary, Democrats are no longer the best choice for women, said McMorris Rodgers. As the fairer sex begins seriously looking at the issues that affect them, they will see that the solutions Republicans have are the one which will benefit them the most.
According to the leading female Republicans, the GOP just needs to keep reaching out to women until they hear the message. “I really think we just need to do more to talk to women,” Rodgers said. “The Democrats for so long have been telling women in America that if you’re a woman you’re a Democrat, and now I think that more women are really taking a look at these issues and how they impact themselves, the opportunity to start a new business, raise a family …They’re looking for a party that’s actually going to ensure that we are taking those steps to leave a better America for our children and then grandchildren.”
McMorris Rodgers is one of the leading voices to bring more women into the party and the polls, galvanizing current Republican women and encouraging others to get into the movement. “I think it’s a great time to be a Republican woman, and what we’re seeing is that as more women see other women running for office, being successful, being given opportunities to be out front that they’re seeing other women do it, and they think, ‘You know what? If she can do it, I can do it.’”
Despite her sensitivity to women’s issues, McMorris Rodgers has little patience for women, especially Republican women, who throw down the sexism card at every turn. To her, it is best to stick to the issues and let the trivial fall by the wayside. “I think it feeds the victim mentality,” she said. “ And I don’t want us to be focusing on being — I don’t want it to sound like we’re victims. I want the focus to be more on the opportunities that are available.” This article/interview provided by "staff member" at the Republican Study Committee. Tags:GOP, Republicans, women, women's vote, Cathy McMorris Rodgers, House RSC, Republican Study Committee, To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Tags:A.F. Branco, political cartoon, Blogo, Illinois, Governor, Rod Blagojevich, democrat, convicted To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Dems Following Obama On Road to Destruction - WH Proposing $400 Billion In Taxes
Today in Washington, D.C. - June 28, 2011:
The House is on recess this week. The Senate reconvened today and began consideration of the nominations of James Cole to be Deputy Attorney General, Virginia Seitz to be Assistant Attorney General, and Lisa Monaco to be Assistant Attorney General. Not much concern as the Senate will also vote on these nominations today.
At 2:15, the Senate will resume consideration of S. 679, the nominations reform bill. Votes on amendments to the bill are possible this afternoon. There are 10 amendments pending to the bill. When all amendments to S. 679 are worked through, the Senate will vote on passage of the bill (60 votes will be required) and the Senate will move to S. Res. 116, the resolution streamlining Senate rules on nominations.
Don't you just love this Democrat led Senate. They want Senators to give up their Constitutional requirement to advise and consent, so they will have more time to --- to do what -- NOTHING! The Democrats have not followed the authorization and appropriations process for years and have relied on ramming through massive Continuing Resolutions and in forcing massive bills through which have not been either read or vetted by due process through committees. No sunshine has been allowed in the process and the American people were not permitted to read these prior massive spending bills until after they had became law.
With President Obama now personally engaged in talks about addressing this country’s massive debt and deficits in connection with the White House’s request to raise the debt ceiling, Democrats have doubled down on their insistence on tax hikes. The democrats are refusing to reduce the size of the bloated wasteful Federal government. They have fixated on following their "fearless leader" down the road to destroying our American economy.
As CNN Money put it in a headline this morning, “Debt ceiling talks turn to taxes - higher taxes!”
The AP noted last night, “[B]oth sides only seemed to harden their positions as the day wore on, the administration insisting on higher taxes as part of the package but Republican leaders flatly rejecting the idea.” Further, according to the AP, “The White House is pushing for some tax increases on the wealthy or the elimination of tax breaks for big companies and wealthy individuals as part of a deficit-cutting plan. During the Biden-led negotiations, Democrats proposed about $400 billion in additional tax revenue, including ending subsidies to oil and gas companies, an idea that has failed previously in the Senate.” And will be DOA in the House of Representatives.
Earlier today, both Senate Majority Leader Harry Reid (D-NV), and Senate Democrats’ message chief, Chuck Schumer (D-NY), came to the floor to "boohoo" that Republicans are standing in the way of the various tax increases they’re wish to imposing.
And last week, Democrats were explicit in their desire to raise taxes. Vice President Joe Biden admitted that “the pieces most important to us Democrats [are] revenue” while “[Senate Finance Committee Chairman Max] Baucus [D-MT] made clear that the talks frayed over Democrats' insistence that tax increases of some sort be part of the final deal,” according to Talking Points Memo.
Today, Senate Republican Leader Mitch McConnell showed a determination to explain to President Obama that tax increases need to be taken off the table. “I will tell him the truth about requests by some in his party that we increase spending and raise taxes as a way of solving the debt and jobs crisis that precipitated the President’s request to raise the debt limit: Not only are they counterproductive from the standpoint of an economic recovery; they’re also politically impossible, since Republicans oppose tax hikes and Democrats have already shown they won’t raise taxes in a down economy. . . . Those who are calling for tax hikes as a part of these debt discussions either have amnesia about the fate of similar votes just six months ago — when Democrats controlled both chambers of Congress as well as the White House — or they’re acting in bad faith, since we all know that including massive, job-killing tax hikes would be a poison pill. Let’s move past tax hikes, talk about what’s actually possible, and let’s talk about what has and hasn’t worked over the past two years.”
McConnell concluded, "[M]y message to the President is simple: It’s time for Washington to focus on fixing itself. It’s time Washington take the hit, not the taxpayers.” Tags:Washington, D.C., Us Senate, Democrats, Barack Obama, more taxesTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Bill Smith, Editor: The following article by Star Parker in GOPUSA is a necessary review of the background relevant to the "secret useless debt talk meetings." She shares the facts and we all need to be sharing verses trying to cooperate with the Obama Administration.
It appears that some established elected Republicans may be believing their worst fears that Barack Obama really does not care about America and is hell bent on seeing America weakened in its status in the world. It also appears that the "do nothing" democrats are in fear. They had feared the retributions of the voters in 2010 because of their failed actions and their votes on unread bills. Those that survived seem to have now moved from their former "star struck" stage of Barack Obama to fear of their "beloved leader."
It is interesting that with today's conviction of former Illinois Gov. Rod R. Blagojevich, that democrats are again reminded not to cross Barack Obama. The threat of a trial was big motivator, but now, Blogo has been convicted. What was not told in the court house was the pressure and intimidation by the White House. Blogo thought he had the upper hand with Obama but instead he was eventually doomed. Most "wheeling and dealing" democrat governors would have felt safe with a Democrat president. But such was not to be the case with the Obama Administration. It is not that Blogo was doing something far worse than the present administration has perpetrated on Americans. The issue was that Blogo failed to comply with President Obama's wish to have his former Illinois U.S. Senate seat filled by his ever present confidant and senior adviser Valerie Bowman Jarrett. Today, elected democrats are likely lining up in the Obama support queue out of fear they could be "Blogo-ed."
The Republicans were politically forced into the behind closed door debt reduction meetings. Finally, they had enough of the meaningless process and walked out. After all, House and Senate Democrats could not agree to make needed cuts to reduce the Federal Government because they feared retribution by their leader! After all, Obama, had more than an ear to the closed door meetings. He had V.P Joe Biden chairing them and reporting back Obama's Chicago's political duo: Senior Adviser Valerie Jarrette and Chief of Staff Bill Dailey.
Thank you, Eric Cantor!
By Star Parker, GOPUSA: Thank you, Eric Cantor. Thank you for walking out on useless talks, presided over by Vice President Biden, addressing raising the limit on our nation's debt.
According to press accounts, Republican House Majority Leader Cantor called it quits on talks between Democratic and Republican leaders because Democrats refuse to give in on raising taxes.
This, I am sure, is true. But we also must understand the deeper and broader issue. We are in nothing less than hand-to-hand combat, fighting for what America is about and what it takes to get this country back on track toward growth and prosperity – determining whether we are, most fundamentally, a welfare state in which government runs the show, or whether this is a free country, in which free, private citizens run the show.
President Obama assumed the presidency in January 2009, and, until this year, Democrats have controlled both houses of Congress. Under their leadership, we've had massive government expansion and intervention into our economy in the name of saving it. The federal budget has grown by a trillion dollars, an expansion by one-third. Federal spending, historically 18 percent of our economy, is now 25 percent.
Now, 30 months later, the lowest unemployment rate America has known since Barack Obama has been president was the 7.8 percent where it stood in the first month he assumed office.
What should trouble every American is that there is not a hint from the White House or from Democratic leaders in Congress that they have erred and have taken our nation down the wrong path. There is not a hint that they have even considered that their ideas and approach are wrong.
What we are getting are jokes from our president, regarding the failure of the almost $900 billion "stimulus" package, that "shovel ready was not as shovel ready as we expected."
We are facing many dangers. And one of them is that Americans get used to the way things are. Unemployment currently stands at 9.1 percent. It has hovered between 9 and 10 percent for almost the entire Obama presidency.
From this perspective, we almost long for the 7.8 percent in January 2009. As this drags on, memories will fade that when the American economy is moving full tilt, unemployment is around 5 percent.
Let's also recall that back in January 2009 there were dissenting voices. In that same month, the Cato Institute ran full-page newspaper ads challenging the statement of our new president that "There is no disagreement that we need action by our government, a recovery plan that will help jumpstart the economy." The ad says, "With all due respect Mr. President, that is not true." The ad is signed by hundreds of economists, including several Nobel Prize winners.
The ad reviews the historic failures of similar attempts at economic revival through government expansion and concludes: "To improve the economy, policy makers should focus on reforms that remove impediments to work, saving, and investment and production. Lower tax rates and a reduction in the burden of government are the best ways to use fiscal policy to boost growth."
I wrote a column in February 2009 in response to which I'm still getting letters. I wrote then: "I thought we were on the road to moving socialism out of poor black communities and replacing it with wealth-producing American capitalism. But, incredibly, we are going in the opposite direction. Instead of poor America on socialism becoming more like rich America on capitalism, rich America on capitalism is becoming more like poor America on socialism."
Any tax increases today simply accommodates the recent massive, misguided and destructive expansion of government. Spending cuts and rollback of government are our only hope.
Keep it up, Mr. Cantor. Tags:Star Parker, Eric Cantor, debt, budgets, closed meetings, White House, big government, Barack Obama, federal spending, fear, democrats, Blogo, Illinois, Gov. Rod R. Blagojevich, Joe Biden, Valerie Jarrette, Bill DaileyTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Today in Washington, D.C. - June 27, 2011:
The House is not in session this week. But they are out speaking to constituents and Republicans are revealing transparency never before shown under the prior reign of Speaker Pelose. Here is one example which readers are welcome to use. Each week the House is in session, the House Republican Study Committee Budget and Spending Taskforce compiles a weekly report on the latest budget and spending news. Additionally, the RSC Money Monitor tracks how bills passed by the House affect authorizations, mandatory spending, and federal government revenue.
A couple bills recently introduced which would be productive, conservative solutions for America’s future:
Rep. Cathy McMorris Rodgers (WA-05) introduced legislation to stop the Obama Administration’s costly bailouts of Greece and other European nations, rescinding the IMF’s authority to spend up to $108 billion made available to fund these bailouts.
Seeking to prevent another taxpayer bailout, Rep. Darrell Issa (CA-49) introduced the Postal Reform Act to implement sweeping, structural reforms of the United States Postal Service (USPS), represents the most fundamental reform of the postal service that has been proposed since USPS was first created from the old Post Office Department.
On the week of July 25, the House is expected to consider a Balanced Budget Amendment to the U.S. Constitution.There are two versions of a BBA being proposed. We will address these two proposed House resolutions bill in a seperate article
The Senate reconvene but there are no votes are scheduled. On Tuesday the Senate will take up the nominations of James Cole to be Deputy Attorney General, Virginia Seitz to be Assistant Attorney General, and Lisa Monaco to be Assistant Attorney General. In addition, they may vote on more amendments to S. 679, the nominations reform bill.
The Hill writes today, “President Obama will now take a leading role in negotiations to raise the debt limit, a test of his leadership that will have profound economic effects. . . . Obama will meet this morning with Senate Majority Leader Harry Reid (D-Nev.) and this afternoon with Minority Leader Mitch McConnell (R-Ky.). . . . It’s a tough test for Obama, whose handling of the economy has been the subject of mounting public disapproval. . . . Democratic lawmakers have privately and publicly criticized the president for not taking control of the deficit reduction debate.”
In an op-ed for CNN today, Senate Republican Leader Mitch McConnell explained what he’s looking for in his meeting with the president. He writes, “I will sit down with President Barack Obama to discuss his request to increase the nation’s debt ceiling, and I will make a request of my own: What, Mr. President, are you prepared to do about the massive deficits and debt that have grown dramatically on your watch?
“What Republicans want is simple: We want to cut spending now, we want to cap runaway spending in the future and we want to save our entitlements and our country from bankruptcy by requiring the nation to balance its budget. We want to finally get our economy growing again at a pace that will lead to significant job growth. The Democrats’ response has been a mystifying call for more stimulus spending and huge tax hikes on American job creators. That’s not serious, and it is my hope that the president will take those off the table today so that we can have a serious discussion about our country’s economic future.”
Leader McConnell adds, “At some point, Democrats need to realize that the reason our nation’s debt has skyrocketed 35% over the past two years is that government spending is out of control. America does not face a debt crisis because we tax too little, but because Washington spends too much. And tax hikes can’t pass the Congress. Not only is there bipartisan opposition, the consequences of massive new tax hikes would be fewer jobs.”
Even MSNBC’s Joe Scarborough granted McConnell’s premise on “Morning Joe”: “I don’t usually say that about Mitch, but he said something very revealing, which is, they weren’t able to pass tax increases last Congress when Nancy Pelosi was speaker. Why should they do it now? This actually does unearth an essential truth in these budget negotiations. . . . We hear that Republicans don’t want to raise taxes and of course, you’ve got Democrats playing to their base and ginning the base up saying we need to raise taxes. But if you talk to them, they don’t want to raise taxes for two reasons. One, there are some people in the Obama administration that believe it would be a drag on the economy over the next year and two, they think it would hurt them politically. Again, they had control of Congress. Not only did they not raise taxes, they extended the Bush tax cuts.” Tags:Washington, D.C. US House, US Senate, debt, federal spengind, taxes, Barack Obama, Mitch McConnell, ALG, Joe BidenTo share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
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