Saturday, July 23, 2011
Thanksgiving 2022 -- National Day of Atonement 2022
Bill Smith, Ozark Guru: I received the following allegory from a friend today. It has been around the Internet for several month. The earliest I can find is on Jan 21, 2011, when Kevin in California posted it on Free Republic. Based on the comments at the time, it appears to have been written by Kevin. However, if Kevin or anyone else identifies an earlier source, I will give the earlier source credit.
I passed on posting this before. But, this weekend, I am in a funk - a depressed mood - created by the hot weather, the fish not biting, the behavior of our President, and the Senate refusing to even debate the "Cap, Cut and Balance" bill which would have put the U.S. on the read to recovery. At least the hot weather will go away. I am more than tired of our immature president continuously lecturing and his prevarications. And, he is not going away before at least 2012. The Liberal progressives are wrecking our country and their chief helmsman happens to be our current president.
I pray that the following will not be the case in 2022. However, if people and governments keep attacking, restricting and eradicating the use and access to our personal resources and the restricting or removing our freedoms and choices, we may well see that day identified in the below futuristic article. I and many others my age and older know this to be true, because, we can recall when we had less conveniences but we had a whole lot more freedom and liberty. Thus, the following allegory.
Wednesday, November 24, 2022
Tags: Ozark Guru, 2022, allegory, humor, predictions, lose of freedom, loss of rights, United States, Thanksgiving To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Rep. Jeb Hensarling on ‘Cut, Cap, and Balance’
WASHINGTON, DC – Delivering the Weekly Republican Address, Rep. Jeb Hensarling (R-TX) discussed Republicans’ continued efforts to create a better environment for private sector job creation and address America’s debt crisis. Earlier this week, the Republican-led House passed ‘cut, cap, and balance’ legislation that cuts spending, promotes private sector job growth, and avoids a government default. The measure received bipartisan backing in the House and strong support from the American people. Rep. Hensarling is chairman of the House Republican Conference. Following is a video and the text of his comments.
Rep. Jeb Hensarling (R-TX) - “Hello, I’m Congressman Jeb Hensarling of Texas and I serve as the chairman of the House Republican Conference.
Tags: Weekly Republican Address, Congress, Representative Conference, Chairman Jeb Hensarling, Texas, Government, Jobs, Economy, Spending, Debt, Deficit, Cut, Cap, Balance, Legislation, US House, US Senate, President Obama, Harry Reid To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Friday, July 22, 2011
Smart Girl Summit 2011
Bill Smith, Ozark Guru: Next week this "Smart Guy" will be joining the Smart Girls and Guys on July 29-30 at the Smart Girl Summit 2011 in St. Louis, MO.
Smart Girl Politics invites you to join them to celebrate the achievements of conservative women in 2010 and to organize for even more success in 2012. The Summit will hold the first-ever Women's Presidential Straw Poll. In addition to Smart Gil Politics, the sponsors of this event are Americans for Prosperity, Freedom Works, American Majority, Eagle Forum, Independent Women's Voice, Independent Women's Forum, The Washington Center, Voices of Conservative Women, Citizen's United, Susan B. Anthony List, FTR Radion, Big Dog Music Mafia, FairTax.org, Free Market Stuff, and Blue Skin Solutions.
Hear from leading conservative voices such as Herman Cain, Phyllis Schlafly, Dana Loesch, Representative Renee Ellmers, Deneen Borelli, and Jaime Radtke. Attend cutting edge activist training by American Majority, The Leadership Institute, and FreedomWorks. These training classes will provide you with the tools needed to impact the 2012 election cycle. Check out the agenda.
Those attending the Smart Girl Summit will be able to participate in a private screening of the new Sarah Palin documentary, The Undefeated. The Undefeated, now in limited cinematic release, is getting rave reviews from Americans across the country -- what better place to see it than in room full of hardcore conservative activists? Plus, the writer/director of the film, Stephen K. Bannon, will be on hand to answer your questions about the movie and all things Sarah Palin. However, you can't take part if you don't have a Conference ticket!
Smart Girl Politics recognize that times are tough, so they have added a reduced price conference-only ticket. But time is running out!! Get your tickets today and join this event celebrating conservative women. For more information about the speakers, tickets, or travel information, Click Here.
If you cannot attend, you can still join online over 19,000 active members of Smart Girl Politics via the Smart Girl Action website or the SGP Community Site.
Tags: Smart Girl Summit, 2011, St, Louis, MO, Smart Girl Politics, SGP, To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Spenditol - Stop Bankrupting Our Families!
Concerned Women for America Legislative Action Committee (CWALAC) makes the point:
The endless cycle of federal debt is a moral issue. The endless cycle of deficits is putting our families at risk and undermining the future for our children and grandchildren. It’s time for the women of America to stand up and demand that the federal government "Stop Bankrupting Our Families!" and get serious about ending the cycle of debt and balance the budget!
They have released the following promotional ad: Spenditol:
Tags: CWFA, Concerned Women for America, CWALAC, Spenditol, ad, video, spending, budget, fisical responsibility, concerned women, Obama, Congress, cuts, cap, balance To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Senate Leader Harry Reid Tables Vote On "Cut, Cap and Balance" Bill
“If they [Senate Republicans] want to debate it tomorrow for a period of time, they can do that, but I’m going to — I think this piece of legislation [Cut, Cap & Balance Bill] is about as weak and senseless as anything that has ever come on this Senate floor … The American people should understand that this is a bad piece of legislation. Perhaps some of the worst legislation in the history of this country.” - Senate Majority Leader Harry Reid (D-NV)
To repeat, Senate democrats, including Reid, could have opened debate and made amendments to the bill which if approved and the bill had passed would have sent it back to the House of Representatives for reconciliation. Obama had vowed to veto the bill if it reached his desk. Thus, Reid refused to allow the representative process to continue and instead chose to align with a dictatorial process.
What and where are Harry Reid's ideas? He has not proposed anything. He has not put forward what his position. He is not the Senator representing Nevada but the "chief lemming" who always waits to do the bidding of the President. The House offered a plan and passed a bill. However, neither Senate Democrats nor the President has put forth a plan. Today, President Obama continues his rhetoric. He has offered no written plan -- no action. He is today holding a "town-hall meeting" at the University of Maryland.
Also after tabling this bill, Sen. Harry Reid reversed himself and cancelled holding sessions in the Senate over the weekend.
Two thirds of the American people like the "Cut, Cap, and Balance" bill. It is not dead - but it is tabled in the Senate, ignored, and falsely maligned. It is now up to the American people to speak up and to force the Senate to take up this bill!
Our Federal Government has a spending problem and the United States is on the verge of becoming Greece. The Senate Democrats have no will to stop this from happening. They appear to have joined Reid as Obama lemmings.
Tags: U.S. Senate, Harry Reid, Tables, Cut, Cap, Balance bill To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Thursday, July 21, 2011
Another Virtue: Cut, Cap, And Balance Doesn't Raise Taxes
As House Republicans stand by their "guns" on their "Cut, Cap and Spend" bill, it appears the final quotes below by Sen. Mitch McConnell evidences that he has "felt the heat" and "seen the light" and is pushing for now solely avote on the House Republican bill.
The Washington Post sent out an alert that "President Obama and House Republican leaders are deep in negotiations over a far-reaching plan to save $3 trillion over the next decade, congressional leaders have been told. Aides said the savings would come through sharp cuts in agency spending and changes to popular health and retirement programs -- but without any immediate increase in taxes." Withing minutes the link was killed and the following report was posted.
The Washington Post: "President Obama and House Republican leaders are deep in negotiations over a far-reaching plan to save $3 trillion over the next decade through sharp cuts in agency spending and politically painful changes to popular health and retirement programs, congressional leaders have been told, but there were conflicting accounts on whether the deal would include any immediate increase in taxes. White House spokesman Jay Carney and House Speaker John A. Boehner (R-OH) quickly issued statements saying the two sides are not close to any agreement. Aides to House Majority Leader Eric Cantor (R-VA) and Senate Minority Leader Mitch McConnell (R-KY) also said they were unaware of an imminent deal."
As the writing of this post, Speaker John Boehner just spoke with Rush Limbaugh and said there is no secret deal and he is keeping the conversation position open. Boehner shared he is 100% behind "Cut, Cap and Balance Bill." However, he admitted that he believed a fall back plan is needed if the bill does not pass the Senate and that we do not want to be in "uncharted waters" of having a default on the debt. Bohener said, "The President has not put a plan on the table." Rush expressed his concern that Republicans will be blamed verses the president who has failed in his responsibility and that some see Speaker Boehner "as the life line" to Obama's re-election." Boenher responded a family teaching that "if you do the right thing for the right reasons, good things will follow."
The Senate began consideration of the motion to proceed to H.R. 2560, the Cut, Cap, and Balance bill. If no agreement is reached today to hold an earlier vote on the bill, Senate Majority Leader Harry Reid is expected to file cloture on the motion to proceed and have a cloture vote on Saturday.
Yesterday, the Senate voted 97-2 to pass H.R. 2055, the Military Construction-Veterans Affairs (Milcon-VA) appropriations bill. H.R. 2055 appropriated $72.5 billion. Prior to final passage, the Senate voted 69-30 to table an amendment from Sen. David Vitter (R-LA) requiring the adoption of a budget resolution before funding in the bill could be spent. Also tabled, by a vote of 69-30, was an amendment from Sen. Tom Coburn (R-OK) which would have required veterans receiving benefits for injuries caused by Agent Orange to adhere to a stricter standard for causation to get benefits.
As the Senate begins debate on the House-passed Cut, Cap, and Balance bill today, Senate Republicans are calling on Democrats to follow through on their past statements in support of cutting spending, capping spending, and balancing the budget by supporting the Cut, Cap, and Balance bill.
Speaking this morning, Senate GOP Leader Mitch McConnell said, “This means that Senators will now have the opportunity to go on record either in support of balancing our books or against it. This is an opportunity to take a stand. It’s an opportunity to say that a government which borrows more than 40 cents for every dollar it spends is not sustainable, and needs to change its ways. It’s an opportunity to stand with those who believe that Washington needs to heal its addiction to spending now, not make more false promises of spending restraint later. The President’s veto threat on this legislation is telling. Many of us learned a long time ago to pay more attention to what this President does than what he says. And anyone who’s witnessed his reckless spending habits over the past two and a half years, or sat across the negotiating table with him over the past few weeks, could be forgiven for being skeptical of his recent attempts to come across as a fiscal moderate. I’ll just say this: There should be no doubt in anyone’s mind that this President is as deeply committed to a government we can’t afford as he was on Inauguration Day.”
Senate Republican Policy Committee Chairman John Thune added, “If in fact we fail to act to get spending and debt under control and to put us on a sustainable fiscal course, the next generation is going to pay a powerful price for our irresponsibility. And I would submit again to my colleagues, Mr. President, that this is fundamentally a spending issue. A lot of folks have talked about the need for more revenue. The president talks about wanting more revenue. . . . Many of us believe . . . that we don’t have to raise taxes on the American people or American small businesses to solve what is inherently and fundamentally a spending problem. Now, if we want to balance our budget, it means we’ve got to get spending under control.”
And Sen. Marco Rubio (R-FL) argued, “I have watched the president give press conferences, I have watched the president give speeches, but I have yet to see a plan from the president. And with all due respect to my colleagues in the other party here in the Senate, I haven’t seen a plan from them either. They are the majority party; they control this chamber. They control the Senate. And I haven’t seen a plan from them. A moment ago we heard this talk of, ‘We have to compromise’—it’s really hard to compromise when the other side doesn’t have a plan. What do you compromise on? . . . You can’t compromise if only one person is offering plans. There is only one plan that has been voted on by any house to deal with this issue, and it’s the one we’re on right now: Cut, Cap and Balance.”
Sen. Rubio challenged Democrats, saying, “Why don’t you vote to proceed to Cut, Cap and Balance? Proceed to this bill so we could have a debate on this bill and so you could offer your ideas on this bill. This is the perfect opportunity to do it. Let’s stop negotiating in the media and through press conferences and start doing it here on this floor, which is what people sent us here to do. And I hope that that’s what will happen.”
As Leader McConnell said, “Cut, Cap, and Balance cuts spending now, caps it in the future, and only raises the debt limit if it’s accompanied by a constitutional amendment to balance the federal budget. This is what America wants. It’s what Washington needs. All we need is 20 Democrats to join us. At least 23 of them have led their constituents to believe they’d fight for a balanced budget amendment. The White House has called for a balanced approach in this debate. This bill doesn’t just suggest balance. It mandates it. So I strongly urge my Democratic friends to join us in supporting this legislation.”
He continued, “Let me note another virtue of the Cut, Cap, and Balance Plan: it doesn’t raise taxes. . . . The reason we’ve got a debt crisis is that government spends every cent it gets — and then some. Sending Washington more money will not solve that problem, it will enable it. Our tax system isn’t perfect. But until Washington can prove that it’s responsible with our tax dollars, we shouldn’t be sending it more of them. This is why Republicans have focused on cuts in this debate, and that’s why every one of us — Democrat and Republican — should support Cut, Cap, and Balance.”
Tags: Washington, D.C., Us House, Us Senate, Cut, Cap, Balance, national debt, debt limit To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Witch Hunt "Murdoch" - Smells Like Soros
Wednesday, July 20, 2011
Feds Giving Away US Borrowed Dollars To Build Churches, Sewers and Internet Service in Foreign Countries
following video was released over 4 months ago. It shows info about $770 million being spent to save mosques in Egypt; millions to rebuild mosques in Cypress, and providing tax-payer dollars to establish Internet centers in foreign countries. With the present discussions on the federal deficit and Federal spending, should we (the citizens of the United States) be paying to rebuild Foreign religious buildings, sewers, and providing Internet cafes in foreign countries? Ask yourself, how many U.S Churches get in Federal aid to rebuild their buildings? (Hint: None)
As of yesterday, the U.S. was borrowing 42% (42 cents) of each dollar it spends. This negative situation gets worse everyday with each dollar the Federal spends or gives away. That means, we are giving away money to non-U.S.projects and to be able to do so, we are borrowing money to give it away. Then, we must pay the money back with interest on that borrowed money.
The present administration is using Compressional authorized programs like the Ambassadors Fund to do this. Past administrations have done the same for other projects. Maybe this was okay when the United States had control of our spending and the economy, and we were not borrowing to pay the debt. We can no longer afford to be "nice ambassadors."
We are broke! We should not be borrowing and taking the money from future citizens to give to these foreign projects. In fact, if our economy does not survive, we will not be able to help any other country.
Let demand a stop to this insanity. CUT this spending. What is your opinion? Should we continue to borrow to give away or should we stop U.S. Aid projects to rebuild Mosques or other religious buildings in foreign countries and establishing Internet for others in foreign countries?
The following video was an investigative report by WBSTV Channel 2:
Tags: US Debt, borrowing, funding foreign projects, mosques, sewer systems, Internet projects To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
75% Support Tough Penalties Against Employers Hiring Illegal Immigrants
- 75% (3 out of 4 voters) favor strict government sanctions on those who hire illegal immigrants.
- 16% oppose such sanctions.
- 8% are undecided.
- 59% of voters support strict sanctions on landlords who rent or sell property to illegals.
- 24% are opposed to tough laws against these landlords.
- 17% are undecided.
- 65% of voters see employers who knowingly hire illegal immigrants are a bigger problem than illegal immigrants who are seeking a job.
- 61% favor shutting down companies that knowingly and repeatedly hire illegal immigrants.
- 65% (nearly 2 out of 3 voters) believe that if a police officer pulls someone over for a traffic violation, they should automatically check to see if that person is in the country legally.
- 26% oppose those automatic checks.
[View Report and supporting data]
Tags: Rasmussen Reports, survey, voters, illegal aliens, illegals, employer sanctions, landlords, employers To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Doctor's Orders - Treating Obama Parasites Affecting Small Business and Jobs
The Obama Poll Slide
Earth to Harry Reid: The "Gang of 234" Shows Cut, Cap, and Balance IS the Path Forward
The Senate resumed consideration of H.R. 2055, the Military Construction-Veterans Affairs (Milcon-VA) appropriations bill.
At noon, the Senate will vote on an amendment to the bill from Sen. David Vitter (R-LA) which would require the adoption of a budget resolution before funding in the bill could be spent.
As noted previously, last night, House Republicans passed their Cut, Cap and Balance bill by a bipartisan vote of 234-190. Also, addressed was the Senate Gang of 6, trying to broker a separate deal with the president. While the term "Gang" sounds bad, it may be appropriate when a few big heads believe they should run roughshod over the rest of the elected Senators and House members elected by the people. If things have deteriorated to Chicago Style politics of Barack Obama, it is time for some drastic changes. An appropriate term for the Gang's plan was coined today by Eric Erikson at RedState: Gangrene Plan - "The Gang of 6 plan is intended to play a role in the debt ceiling debate by giving the McConnell-Reid-Pelosi Pontius Pilate Act more life to get passed until the Gangrene Plan can take affect."
The Hill reports that Senator Harry Reid’s requested that Speaker John Boehner send him a “path forward” in the debt debate and claiming that they have some nebulous plan. Maybe he is referring to the Senate Gang or even the former McConnell plan as showing a path for the Senate. One thing is certain, Reid doesn't have a plan other than doing what the President wants. Reid was re-elected by "hook and crook" via the efforts of Barack Obama. The citizens of Nevada have a Senator in name only who is too busy playing Mini-Me to Mr. Teleprompter.
This morning, Republican Study Committee Chairman Rep. Jim Jordan (R-OH) tweeted "Gang of Six Plan? Try the Gang of 234 Plan, #CutCapBalance", and issued the following statement, “In case Senator Reid didn’t notice, a bipartisan ‘Gang of 234’ just sent him the way forward. It’s called the Cut, Cap, and Balance Act. This is the only plan that can fundamentally solve our debt problem, and it is waiting for Senator Reid to bring up on the Senate floor for an up-or-down vote. The House made its position in the debt debate crystal clear. It’s Cut, Cap, and Balance.”
Right on Congressman! Why would 6 Senators trade the properly represented position of 234 Representatives to support 1 President who has taken us to the abyss of economic ruin? Obama's prior trump card, "it's Bush's fault" was worn out long ago. He and his White House minions, Czars and bureaucrats have done more damage in two years and seven months than considered possible by people who are responsible and ethical. Just shows what can happen when unscrupulous and unqualified people are allowed to run the Ship of State.
The AP noted that the House “voted Tuesday night to slice federal spending by $6 trillion and require a constitutional balanced budget amendment to be sent to the states” before the debt ceiling could be raised. The story notes, “The legislation, dubbed ‘Cut, Cap and Balance’ by supporters and backed by tea party activists, would make an estimated $111 billion in immediate reductions and ensure that overall spending declined in the future in relation to the overall size of the economy. It also would require both houses of Congress to approve a balanced budget amendment to the Constitution and send it to the states for ratification. The amendment itself would require a supermajority vote in both houses of Congress for any future tax raises.”
According to the Senate minority leaders office, Senate Republicans are pushing for a vote on Cut, Cap and Balance as soon as possible. The Hill reported yesterday. “Senate Minority Leader Mitch McConnell (R-Ky.) said Tuesday that Senate Republicans are hoping for a vote on the balanced-budget amendment this week. ‘As you know, the issue on the floor next, after the Military Construction bill, will be the “cut, cap and balance” proposal that we anticipate will pass the House tonight,’ McConnell said. ‘The majority leader has indicated we will move to that next.’”
Sen. Pat Toomey (R-PA), one of the authors of the Cut, Cap, and Balance bill in the Senate, said in an interview last night, “The fact is, I want us to reach a deal before we get [to the debt limit deadline]. And Sean, that’s why I’m excited about the vote tonight in the House. They are going to pass a bill that puts us on a path to a balanced budget. The president would get the debt limit increase he wants. And all we’re asking for him is join us on putting our federal budget on the path to balance. Don’t have to get there overnight. But how controversial, how crazy an idea is it to balance the budget?”
He also echoed the frustration many Republicans have had with the way the Obama White House has approached debt limit negotiations and a balanced budget amendment: “But let’s face it. There’s never been any evidence that they have any interest in really cutting spending and shrinking government. This administration has been all about the opposite. So, we need the American people to say, Mr. President, we’re really insisting now. You know, the last time we had a Democratic president, he agreed that we ought to balance the budget and working with the Republican Congress, they actually did it. So why is it so unreasonable now?”
Leader McConnell responded yesterday, “Republicans have tried to persuade the President of the need for a course correction, but weeks of negotiations have shown that his commitment to big government is simply too great to lead to the kind of long-term reforms we need to put us on a path to balance and economic growth. So we’ve decided to bring our case to the American people. And that’s why this week, Republicans in the House and the Senate will push for legislation that would cut government spending now, cap it in the future, and which only raises the debt limit if it’s accompanied by a constitutional amendment to balance the federal budget. The Cut, Cap, and Balance plan is the kind of strong medicine Washington needs and the American people want — and Republicans in both houses of Congress will be pushing it aggressively this week.
“I heard one of my Democratic colleagues say yesterday that the votes simply don’t exist to pass any bill in the Senate that balances the budget. My question is, why in the world not? If you can’t vote for a bill that says you’ll live within your means, then you’ve given up and you agree that the unsustainable path is the only one we have. And that’s completely unacceptable.”
It is time for people to know who is and who is not for saving the United States from destruction and the continued overreach and expansion of Big Government. As just one example, the people of Arkansas now know the truth that Rep. Mike Ross was NOT willing to support action to limit government growth and to pull America back from the brink of the financial abyss. He not only failed to follow his own rhetoric which he uses back in Arkansas, he skipped past the lap dog stage and even went against the leadership of the Blue Dog coalition. Ross voted with Nancy Pelosi against the Cut, Cap and Balance bill.
The American people are willing to look at the issues of entitlements, but first, they need to see the Government curtained in its gluttony. And, since the Federal Government has proven itself incapable of limiting itself, it needs to be bound by the representatives of the people with "Cut, Cap and a Balanced Budget Amendment."
Tags: Washington, D.C., US Senate, Gang of 6, backroom deals, US House, cut, cap, balance, BBA, Balanced Budget Amendment, stop wasteful spending, To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Tuesday, July 19, 2011
Proud to Be a Republican Woman
Katherine Beard, Townhall: Debbie Wasserman Schultz’s recent accusation reeked of feminism when she announced that Republicans were “anti-women.” This claim was also absurd and completely false.
In fact, her statement is almost laughable in face of the fact that the Republicans have at least one, and possibly two, female presidential candidates.
But while Sarah Palin and Michele Bachmann continuously correct lame-stream media myths, they rarely have time step off the defensive field and explain what Republican women are all about.
But the truth of the matter is that the Republican Party promotes the ideals that women across the country deal with every day. Republicans stand for family values and economic responsibility. They believe in small business and in job creation. Ultimately, Republicans foster a prosperous America, so that the children of today will have a brighter future tomorrow.
Watch as Republican House representatives explain why ladies can and should be proud to be a Republican woman, too.
“The Republican agenda is indeed pro women.”
Tags: Republican Women, House, GOP, Republican, woman, women, jobs, job creation, job creator, To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Sanity: Seven Reasons Why August 2 Isn’t the End of the World
Current law says Uncle Sam cannot borrow more than $14.3 trillion. A few months back, the Obama Administration demanded that Congress increase the national credit line by $2.5 trillion by May 16, or else, it warned, the United States would default on its debts, causing an “economic Armageddon.” ($2.5 trillion is just enough to aver the need for another debt hike until after the 2012 election.)
When May 16 came and went, and nothing happened, the Obama team set a new “Armageddon” date: August 2.
Unfortunately, a lot of folks in Washington and Wall Street – including some who should know better — seem to be taking this new deadline at face value. While it’s true that, at some point, the government will hit the ceiling and have to reduce spending by about 40 percent, exactly when that day will arrive, nobody knows for sure. And don’t believe anyone who tells you he does know. “No man knows the day or the hour.”
Maxed Out Day could be August 2. It could be August 22. Or it could be in September. The exact date really depends on whether the President is willing to tap certain reserves available to him, or decides to force a political crisis.
I cannot tell you when Maxed Out Day will be. But I can – and will — prove to you that August 2 doesn’t have to be it. Before I do so, here are three key numbers to remember:
1) We are projected to take in between $170 billion and $200 billion in August, in revenues.
2) We will likely spend about $300 billion in August.
3) Therefore, we face a gap of somewhere between $100 billion and $130 billion.
So what will happen, come the August 2 deadline?
Earlier, I mentioned the reserve funds the President can tap. As the Senate Finance Committee Republican staff helpfully point out:
5. The Treasury Department has $5 billion sitting idle in an account at the Federal Reserve. It can tap this account any time.
6. Treasury has close to $100 billion in mortgage-backed securities it can sell. It bought these securities during the financial crisis to bail out housing markets. Just last month, it sold $10.6 billion worth.
Finally, there’s a seventh reason why August 2 needn’t be anything more than another pleasant summer day in America.
7. Congress can pass the Cut Cap Balance Act (H.R.2560). This bill would give President Obama his $2.5 trillion debt increase — in exchange for three things: 1) $111 billion in cuts this coming year, 2) tight spending caps for the coming decade, and 3) congressional approval of a strong Balanced Budget Amendment to the Constitution. By strong, I mean one that makes it much harder for Congress to spend more than a fixed share of the economy, raise taxes, or add to the debt.
The Cut Cap Balance Act – which the House is slated to vote on today — would make this the last debt ceiling hike, ever. Unfortunately, President Obama has threatened to veto it. If he does, whose fault will it be when Maxed Out Day really does arrive?
[House Passed Cut, Cap, Balance]
Tags: National Debt, default, Cut, Cap, Balance, Sanity, End of the World, Won't Be The End of The World To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Today, House Votes On Cut, Cap And Balance Bill
Obama has already signaled he may support "THE GANG" verses reducing spending -- which he opposes Sen. Orrin Hatch (R-UT), the Ranking Member of the Senate Finance Committee, applauded passage of Cut, Cap, and Balance legislation by the House of Representatives.
Today in Washington, D.C. - July 19, 2011:
Today, The US House will vote on Cut, Cap, and Balance. Their goal is to puts the U.S. on a fiscally sustainable path.
The Senate resumed consideration of H.R. 2055, the Military Construction-Veterans Affairs (Milcon-VA) appropriations bill. Votes on amendments are possible today. Yesterday, the Senate voted 80-13 to confirm J. Paul Oetken to be a District Judge for the Southern District of New York.
The Hill writes today, “Senate Minority Leader Mitch McConnell on Tuesday urged Democrats to get onboard with the GOP's ‘Cut, Cap and Balance’ act. ‘Cut, cap, and balance is the kind of tough legislation Washington needs and that Americans want, and Republicans will spend the week trying to convince Democrats to join us in supporting it,’ said McConnell. . . . McConnell said many Senate Democrats ought to be able to support the part of the bill that would require the federal government to balance its budget through a constitutional amendment. ‘At least 23 of them have either said or suggested they support the idea or told their constituents that they’ll “lead” on the issue,’ said McConnell. ‘I urge my colleagues in the strongest possible terms to join us.’”
In fact, Democrat senators have indicated in the past that they support spending cuts, capping spending, and a balanced budget amendment. Sen. Bill Nelson (D-FL) said earlier this year, “Over the years, I have supported a balanced budget amendment, spending caps, and spending cuts.” Budget Committee Chairman Sen. Kent Conrad (D-ND) admitted two months ago, “We have a spending problem . . . .” Sen. Claire McCaskill (D-MO) said, “Cutting is essential, and the public wants us to cut . . . .” Sen. Amy Klobuchar (D-MN) said early this year, “ . . . I have supported caps in the past. That's got to be part of this.” And last year, 15 Senate Democrats actually voted “to establish 3 year discretionary spending caps.”
Meanwhile, around 20 Senate Democrats have expressed their support for a balanced budget amendment in the past. Sen. Sherrod Brown (D-OH) said in 2006, “I stood up to a President of my own party . . . In support of the balanced budget amendment, in restoring fiscal sanity to our government.” Sen. Joe Manchin (D-WV) said earlier this year, “[T]he balanced budget amendment's very, very important to me and to every governor, to every state, to every household, especially in West Virginia. And if they can do it, they think we can do it also.” In March, Sen. Ben Nelson (D-NE) said, “I voted yes and support a balanced budget amendment that allows for flexibility in times of war and for natural disasters.” And the last time Congress seriously considered a balanced budget amendment, even Sen. Harry Reid (D-NV), now the Majority Leader, said, “. . . I believe we should have a constitutional amendment to balance the budget. I am willing to go for that.” And Sen. Dick Durbin (D-IL), now the Majority Whip, said that “we need to move toward a Balanced Budget Amendment.”
As Leader McConnell said on the Senate floor today, “Every single Republican in the Senate supports a Balanced Budget Amendment. All we need is 20 Democrats to join us in supporting this common sense legislation. . . . We think they should have an opportunity to follow through on their statements with a vote. So I’ll repeat what I said yesterday to my Democratic friends: if I were you, I would take a long look at the Cut, Cap, and Balance legislation the House is taking up today and ask yourself a question. Ask yourself: are you so committed to the status quo that you’d vote no on a bill to balance the federal budget?”
Tags: Washington, D.C., US House, US Senate, Cut, Cap, Balance To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Monday, July 18, 2011
Sleeping with the Enemy: Obama Administration Cozies Up to Muslim Brotherhood
Allen Barton, Front Page: In a drastic policy turnaround, the Obama State Department will now deal directly with the Muslim Brotherhood in Egypt. What are the implications for peace in the region?
Tags: Allen Barton, Alex Epstein, Terry Jones, Ayn Rand, IBD, President Obama, Hilary Clinton, State Department, Muslim Brotherhood, Muslims, Israel, Egypt, Arab Spring To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Debt Baby - Do We Need A Paternity Test?
A.F. Branco: President Barrack's Debt Baby created by wild spending, and incestuous government deals to expand government. But, Obama claims it is G.W. Bush's baby but take a closer look -- we all know it's Obama's baby.
Tags: A.F. Branco, political cartoon, politically incorrect, Barack Obama, debt baby, Obama's debt To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Republicans Make The Case To Cut, Cap, And Balance, While Obama Threatens A Veto
The Senate reconvened at 2 PM and at 3:30 PM will resume consideration of H.R. 2055, the Military Construction-Veterans Affairs (Milcon-VA) appropriations bill, one of the annual appropriations bills that are considered by Congress. At 5:30, the Senate will vote on the nomination of J. Paul Oetken to be a District Judge for the Southern District of New York.
The AP reports today, “The next step in the weeks-long saga over how to increase the government's borrowing cap is to let House tea party forces try it their way. A Republican ‘cut, cap and balance’ plan set for a House vote Tuesday would condition a $2.4 trillion increase in the so-called debt limit on an immediate $100 billion-plus cut from next year's budget and adoption by Congress of a constitutional amendment to require a balanced budget. ‘Let's let the American people decide,’ said Rep. Jim Jordan, R-Ohio, on ‘Fox News Sunday.’ ‘Do they want something common sense as cutting spending, capping the growth in government and requiring a balanced budget amendment to the Constitution?’”
And National Review Online’s Andrew Stiles wrote Friday, “What started out as the brainchild of freshmen and tea-party members — strongly supported by the likes of Club for Growth and Heritage Action — ‘Cut, Cap, and Balance’ has quickly become a mainstream GOP position. Conservative senators including Jim DeMint (R., S.C.), Mike Lee (R., Utah), and Rand Paul (R., Ky.) introduced ‘Cut, Cap, and Balance’ legislation last week. On Thursday, Senate majority leader Mitch McConnell (R., Ky.) and GOP conference chair Lamar Alexander (R., Tenn.) both signed on to the bill, a clear indication of the momentum building behind the proposal.”
As Sen. McConnell has reiterated for weeks, “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.”
In making the case for a cut, cap, and balance plan, Senate Republicans have been arguing the need for a balanced budget amendment, which all 47 GOP senators are cosponsoring. Sen. Mike Lee (R-UT) explained the need for a balanced budget amendment to Townhall.com, where Elisabeth Meinecke writes, “Though the Senate GOP introduced a one earlier this year, President Obama has stated emphatically otherwise, telling Americans last week during a press conference that the country does not need a balanced budget amendment. ‘Yes, we do,’ Lee told Townhall when asked to respond to the president, adding later when talking about simultaneously raising the debt ceiling and cutting spending, ‘We can’t bind what a future Congress will do. We can pass laws that will affect this year, but there will be a new Congress that takes power in January of 2013, and then another new one that will take power in January 2015. And they will make their own spending decisions then -- we can’t bind them unless we amend the Constitution to do so.’ Lee points out that the American people support the idea of a balanced budget – 65 percent, according to a Sachs/Mason Dixon poll from this year . . . .”
And yet President Obama is still not getting the message. After the president said on Friday that “we don’t need a constitutional amendment” to balance the budget, the White House today announced on a conference call with communications director Dan Pfeiffer and top economic adviser Gene Sperling that Obama would veto the GOP cut, cap, and balance plan.
As Sen. Orrin Hatch, ranking Republican on the Senate Finance Committee, said in the Weekly Republican Address Saturday, “The only reason this Administration doesn’t want a constitutional amendment is because they want to keep spending the American people’s money. And the only reason congressional Democrats would refuse to pass it, is because they know the people of this country would rise up and quickly ratify it. A balanced budget amendment makes sense; its time has more than come. Now, Congress must act.”
After the Administration announced that the President would veto H.R. 2560, the Cut, Cap, and Balance Act of 2011. which the House is expected to vote on this legislation tomorrow, Speaker John Boehner (R-OH) said: "It’s disappointing the White House would reject this common-sense plan to rein in the debt and deficits that are hurting job creation in America. While American families have to set priorities and balance their books, this White House obviously isn’t serious about making the same tough choices. While the House is once again acting responsibly, the Administration still won’t say what cuts it’s willing to make to end Washington’s spending binge and the economic uncertainty it’s creating. This unfortunate veto threat should make clear that the issue is not congressional inaction, but rather the President’s unwillingness to cut spending and restrain the future growth of our government. If we are going to raise the debt limit and avoid default, the White House must be willing to demonstrate more courage than we have seen to date. The House will proceed as planned with its vote on the Cut, Cap and Balance Act.”
To quote Reince Priebus, RNC Chairman, "Make no mistake -- it is too much spending that has gotten us where we are, not too little revenue. Barack Obama has burned through $3.7 trillion of taxpayers' money, bringing the debt to an astonishing $14.3 trillion -- $46,000 for every man, woman, and child in America. The Obama Democrats' irresponsible call for massive tax increases on the already overburdened American people is a non-starter. It's time for serious reform. It's time for a Balanced Budget Amendment."
It amazes me that President Obama would threaten a veto this bill. His arrogance exceeds all expectations.
Tags: Washington, D.C., US House, US Senate, Cut, Cap, Spend, Obama Veto, To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
"Watch" AR-04 - Ross Voted For Failed Stimulus
Tags: federal spending, debt, failed stimulus, US Government, Representative, Mike Ross, Arkansas, Arkansas Congressional District 4, video To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Sunday, July 17, 2011
Stealing You Blind, Book Review With the Author Iain Murray
[Source of Video]
Tags: Iain Murray, Stealing You Blind, Big Government, Book Review, Books
Government, Corruption, Budget, Public Sector, Private Sector, Lee Doren, How The World Works, video To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Each American’s Share of National Debt is Growing
by Abigail White, Heritage Foundation Foundry Scribe:
Throughout the debate over the debt limit these past few weeks, Americans have become increasingly alarmed with our nation’s staggering $14.3 trillion debt. Many might wonder how the government is ever going to repay its mounting debt.
Unfortunately, that responsibility will fall to the Debt-Paying Generation (ages 5-30). Currently, every citizen owns $31,871 of the national debt, but each American’s share of national debt is growing. If current spending patterns continue, by the time 5-year-olds are 45, they will each be responsible for $279,738 of the debt.
Bill Beach, director of Heritage’s Center for Data Analysis, warns that the 115 million Americans in the Debt-Paying Generation could end their lives as the least improved generation. Without a doubt, the mounting debt will reshape the lives of future generations.
Tags: Chart of the Week,IDebt-Paying Generation, national debt To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
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