ARRA News Service
News Blog 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 "smaller" government, free markets, lower taxes, due process of law, liberty & individual freedom. 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 or by this "Blog" - no paid ads - no payments for articles. Fair Use Doctrine is posted & used.
Blogger/Editor/Founder: Bill Smith, Ph.D. [aka: OzarkGuru & 2010 AFP National Blogger of the Year]
Contact: editor@arranewsservice.com (Pub. Since July, 2006)
    Home Page
   

One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors. -- Plato (429-347 BC)

Tuesday, January 31, 2012

CBO Predicts 4th Straight Trillion Dollar Deficit! Obama is Missing The Message: "It's the Economy Stupid!"

American People To Obama:
It's The Economy Stupid!
Today in Washington, D.C. - Jan. 31, 2011:
Yesterday, the Senate voted 93-2 to invoke cloture on the motion to proceed to S. 2083., The Stock Act. Today, they will begin consideration of that bill which would prohibit Members of Congress from using nonpublic insider information for trading or personal gain. It’s important to note, though, that the STOCK Act does not apply to officials in the executive branch. Czars, the President, VP, and others are free to wheel and deal.

This evening in the US House, a vote is expected on the HR 1173 - CLASS program repeal (created in President Obama's Health Care Reform).

Despite warnings from economists and calls for fiscal sanity from Americans, Washington has continued its irresponsible, misguided and wasteful spending.
  • This morning, the nonpartisan Congressional Budget Office (CBO) projected the fiscal 2012 budget deficit would reach $1.08 trillion and the jobless rate will increase to 8.9% by the end of 2012 and 9.2% by the end of 2013.
  • This is simply further evidence that failing to get spending and debt under control will lead to dire consequences, including higher taxes, higher costs of living, slower economic growth, and fewer jobs.
  • It's time for government to adjust to the current economic realities and tighten its belt just like families across the country have had to do.
Congress: Average approval for mid-December to late January was 13.2% according to the RealClearPolitics average. Average disapproval was 82.4%. President Obama prefers the focus there than on his failing policies.

This morning, Sen. Mitch McConnell noted President Obama’s continued disinterest in discussing his record and his willingness to change the subject to Congress. “The more folks are talking about Congress,” he said, “the less they’re talking about the President’s own dismal economic record. And, frankly, for a President who has presided over a 43% increase in the national debt in just three years and the stain of the first-ever downgrade of America’s credit rating, I can understand why he’d want to change the subject. I can see why he’d rather be talking about Congress, or the Super Bowl, or the weather, or anything other than his own failed economic policies. But the problems we face are too grave and too urgent. And every day that the President spends trying to change the topic instead of changing the direction of our economy is another day he’s failing the people who elected him.

As already identified, today brought even more news it’s obvious that President Obama would prefer not to discuss. The Hill reports, “The Congressional Budget Office on Tuesday predicted the budget deficit will rise to $1.08 trillion in 2012. CBO also projected the jobless rate would rise to 8.9 percent by the end of 2012, and to 9.2 percent in 2013. . . . If the CBO estimate is correct, it would mean that the United States recorded a deficit of more than $1 trillion for every year of Obama’s first term. The deficit was $1.4 trillion in 2009, $1.3 trillion in 2010 and $1.3 trillion in 2011. The largest deficit recorded before that was $458 billion in 2008.”

Meanwhile the AP reports, “A private research group says that consumer confidence retreated in January after two straight months of big gains. The Conference Board is reporting Tuesday that its Consumer Confidence Index now stands at 61.1, down from a revised 64.8 in December. Economists had expected a reading of 68. . . . A reading of 90 indicates a healthy economy, a level the index hasn't approached since December 2007 when the recession began.”

And according to The Wall Street Journal, “U.S. home prices fell again in November, according to the Standard & Poor's Case-Shiller indexes, which reported Tuesday that the majority of metropolitan markets posted declines. The U.S. housing market has remained sluggish despite lower prices and interest rates . . . .”

Yet given all these facts, Democrats continue to claim “we are in great shape.” That’s precisely what Sen. Chuck Schumer (D-NY) said last week at a press conference of Democrat Senate leaders. And in a recent weekly address, President Obama said, “[T]he most important thing we need to do is get more Americans back to work. . . . We’re heading in the right direction.”

As Leader McConnell said today, “The President can pretend he just showed up. He can try to convince people, as he tried to do this past weekend, that the economy is moving in the right direction. But he’s not fooling anybody. Americans know that we’re living in an economy that’s being weighed down and held back by legislation he passed with the help of big Democrat majorities in Congress. Americans know that we’re living in the Obama economy now.  And they’re tired of a President who spends his time blaming others for an economy that he put in place. . . ."

In addition, the president seems more than willing to ignore the following stats which rate his performance:
  • According to the Economist, 40% of adults believe the economy is the top issue facing the country. 78% of adults say it is a “very” important issue to them.
  • According to Gallup, 69% of Americans are dissatisfied with the state of the U.S. economy.
Well Mr. President and members of Congress, let's remind you again as we did three and a half years ago: "It's the Economy Stupid!"

Tags: Washington, D.C., US Senate, Stock Act, US house, CLASS, the economy, CBO report, trillion dollars deficit, Barack Obama, excuses, It's the Economy Stupid To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!
Posted by Bill Smith at 1:26 PM - Post Link

0 Comments:

Post a Comment

<< Home


View U.S. National Debt

Don't miss anything!
Subscribe to the
ARRA News Service
It's FREE & No Ads!

You will receive a verification email
& must validate you subscribed!

You Then Receive One Email Each AM
With Prior Days Articles / Toons / More


Also, Join & leave conservative posts & comments on
Facebook.com/ARRANewsService


Recent Posts:
Personal Tweets by the editor:
Dr. Bill - OzarkGuru - @arra
#Christian Conservative; Retired USAF & Grad Professor. Constitution NRA ProLife schoolchoice fairtax - Editor ARRA NEWS SERVICE. THANKS FOR FOLLOWING!

Action Links!
State Upper & Lower House Members
State Attorney Generals
State Governors
The White House
US House of Representatives
US Senators
GrassFire
NumbersUSA
Ballotpedia

Facebook Accts - Dr. Bill Smith
Pages:
ARRA News Service
Arkansans Against Big Government
Alley-White Am. Legion #52
Catholics & Protestants United Against Discrimination
End Taxpayer Funding of NPR
Overturn Roe V. Wade
Prolife Soldiers
Project Wildfire 4 Life
Republican Liberty Caucus of Arkansas
The Gold Standard
US Atty Gen Loretta Lynch, aka Eric Holder, Must Go
Veterans for Sarah Palin
Why Vote for Hillary (Satire)
FB Groups:
Arkansas For Sarah Palin
Arkansas Conservative Caucus
Arkansas County Tea Party
Arkansans' Discussion Group on National Issues
Blogs for Borders
Conservative Solutions
Conservative Voices
Defend Marriage -- Arkansas
FairTax
FairTax Nation
Arkansas for FairTax
Friends of the TEA Party in Arkansas
Freedom Roundtable
Pro-Life Rocks - Arkansas
Republican Network
Republican Liberty Caucus of AR
Reject the U.N.

Patriots
Exchange
Links

Request Via
Article Comment

Links to ARRA News
A Patriotic Nurse
Agora Associates
a12iggymom's Blog
America, You Asked For It!
America's Best Choice
ARRA News Twitter
As The Crackerhead Crumbles
Blogs For Borders
Blogs for Palin
Blow the Trumpet Ministry
Boot Berryism
Cap'n Bob & the Damsel
Chicago Ray Report - Obama Regime Report
Chuck Baldwin - links
Common Cents
Conservative Voices
Diana's Corner
Greater Fitchburg For Life
Lasting Liberty Blog
Liberal Isn't Amy
Marathon Pundit
Patriot's Corner
Right on Issues that Matter
Right Reason
Rocking on the Right Side
Saber Point
Saline Watchdog
Sultan Knish
The Blue Eye View
The Born Again Americans
TEA Party Cartoons
The Foxhole | Unapologetic Patriot
The Liberty Republican
The O Word
The Path to Tyranny Blog
The Real Polichick
The War on Guns
TOTUS
Twitter @ARRA
Underground Notes
Warning Signs
Women's Prayer & Action
WyBlog

Editor's Managed Twitter Accounts
Twitter Dr. Bill Smith @arra
Twitter Arkansas @GOPNetwork
Twitter @BootBerryism
Twitter @SovereignAllies
Twitter @FairTaxNation

Editor's Recommended Orgs
Accuracy in Media (AIM)
American Action Forum (AAF)
American Committment
American Culture & Faith Institute
American Enterprise Institute
American Family Business Institute
Americans for Limited Government
Americans for Prosperity
Americans for Tax Reform
American Security Council Fdn
AR Faith & Ethics Council
Arkansas Policy Foundation
Ayn Rand Institute
Bill of Rights Institute
Campaign for Working Families
CATO Institute
Center for Individual Freedom
Center for Immigration Studies
Center for Just Society
Center for Freedom & Prosperity
Citizens Against Gov't Waste
Citizens in Charge Foundstion
Coalition for the Future American Worker
Competitive Enterprise Institute
Concerned Veterans for America
Concerned Women for America
Declaration of Am. Renewal
Eagle Forum
FairTax
Family Research Council
Family Security Matters
Franklin Center for Gov't & Public Integrity
Freedom Works
Gingrich Productions
Global Incident Map
Great Americans
Gold Standard 2012 Project
Gun Owners of America (GOA)
Heritage Action for America
David Horowitz Freedom Center
Institute For Justice
Institute for Truth in Accounting
Intercollegiate Studies Institute
Judicial Watch
Less Government
Media Reseach Center
National Center for Policy Analysis
National Right To Work Foundation
National Rifle Association (NRA)
National Rifle Association (NRA-ILA)
News Busters
O'Bluejacket's Patriotic Flicks
OathKeepers
Open Secrets
Presidential Prayer Team
Religious Freedom Coalition
Renew America
Ron Paul Institute
State Policy Network
Tax Foundation
Tax Policy Center
The Club for Growth
The Federalist
The Gold Standard Now
The Heritage Foundation
The Leadership Institute
Truth in Accounting
Union Facts



Blogs For Borders

Reject the United Nations

Presidential Prayer Team

Thousands of Deadly Islamic Terror Attacks Since 9/11


FairTax Nation on FaceBook
Friends of Israel - Stand with Israel
Blog Feeds
Syndicated - Get the ARRA News Service feed Syndicated!
ARRA Blog Feed

Add to Google Reader or Homepage

Add to The Free Dictionary

Powered by Blogger


  • To Exchange Links - Email: editor@arranewsservice.com!
  • Comments by contributing authors or other sources do not necessarily reflect the position the editor, other contributing authors, sources, readers, or commenters. No contributors, or editors are paid for articles, images, cartoons, etc. While having reported on and promoting principles & beleifs beliefs of other organizations, this blog/site is soley controlled and supported by the editor. This site/blog does not advertise for money or services nor does it solicit funding for its support.
  • Fair Use: This site/blog may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. Such material is made available to advance understanding of political, human rights, economic, democracy, and social justice issues, etc. This constitutes a 'fair use' of such copyrighted material as provided for in section Title 17 U.S.C. Section 107 of the US Copyright Law. Per said section, the material on this site/blog is distributed without profit to readers to view for the expressed purpose of viewing the included information for research, educational, or satirical purposes. Any person/entity seeking to use copyrighted material shared on this site/blog for purposes that go beyond "fair use," must obtain permission from the copyright owner.
  • © 2006 - 2020 ARRA News Service
Creative Commons License
Creative Commons Attribution Noncommercial Share Alike 3.0 Unported License.