Showing posts with label federal budget. Show all posts
Showing posts with label federal budget. Show all posts

Wednesday, April 6, 2011

Does it Really Matter Who is at Fault?

Imagine that - a liberal rag blaming Republicans for the budget impasse.  Who'd a thunk it?


The left is scratching their head to determine why the GOP is sabotaging America by shutting down the government.  The best they can come up with is political points?  Purposely harming the economy to win elections?  That would be wasted effort - Obama is doing quite a good enough job with that on his own.


Oh, the White House keeps fudging the numbers to boost the unemployment figure, but most understand this is nothing but smoke and mirrors.  Sort of like the accounting gimmick which gave us the Clinton Surplus, but with people instead of projected earnings.

Please keep in mind that, with Obama in the White House, the 111th Congress, comprised of a Democratic super-majority in both House and Senate, decided the best thing for our country was to shirk their responsibility and NOT draft a budget for fy2011.

This was primarily because of the massive deficits and the desire to prevent the upcoming mid-term elections from drawing any more attention to the dismal failure of the Obama presidency.

Well, it didn't work, and the Democrats had their collective asses handed to them.  And now, after licking their wounds, the time has come to do what Democrats do so predictably and so well - blame anyone and everyone but themselves for the evils which have befallen our country.

The Democrats could have passed any and all legislation they saw fit over the last two years, yet because of divisions inside the Democratic party and their inability to decide on how best to abuse the ultimate power, they failed to do anything but ram an extremely unpopular health insurance mandate down our throats.

On the other hand, the 112th House Republicans, drunk in their newly-found power, are acting like schoolyard bullies with their refusal to budge from their "principles" of fiscal conservatism.  A hard story to swallow, seeing that Bush spent money as well, if not better, than any Democrat could dream of.  I cannot blame the freshmen representatives for sticking to their guns, but sooner or later they must realize that no ground is gained without that first step.

Washington is seriously broken, and only the truly naive should expect anything to change anytime soon.  As long as these two groups of childish buffoons continue to point fingers and blame each other, nothing gets done.  What is so sad about the whole thing is that, judging from their lack of accomplishment, they believe it is much more important to correctly place the blame for the problems than to actually solve the problems.

Personally, I'm fed up with the whole bunch of 'em.  I will not listen to anyone who wants to blame one side or the other - they are both at fault, and neither side cares about anything but staying in power.

Sunday, February 13, 2011

Obama Announces New Budget Cuts

Obama's plan to cut $1.1 T over the next decade is a completely worthless gesture.  With yearly deficits of $1.5 trillion, we are adding $15 trillion in new debt over the same period.   It is sad that Obama's number coincides with Boehner's $100 B in cuts.  Because, if either party thinks this puny gesture will put the slightest dent in our debt, they are every bit as stupid as we give them credit for.

Using a simpler example, you cannot hope to pay your credit card off if you simply pay the "minimum".  First, you cut up the card, and second, you cut every possible expense in order to pay back what you borrowed as soon as possible, before the interest makes it difficult or impossible to do so.

We simply need to spend less and collect more.  We cannot afford to raise taxes during a recessionary period, so we must cut spending to the bone to reduce our deficit, while stimulating growth in the private sector by lowering government restrictions and encouraging productivity.

Once we've paid off our debt, we can begin to operate under a balanced budget.  But we've accrued such debt that the interest alone will soon eclipse our GDP.  We have, as some say, found ourselves up Schmidt Creek and are quickly losing our grip on the paddle.

As to job creation and the new GOP House, what part of "the government cannot and does not create jobs" don't liberals understand?  The job of Congress is to stay out of business, but we can see what happens every time government interferes.

The ugly truth, that our government refuses to acknowledge, is that government meddling is what put our economy into the tank, and that our problems cannot be solved by more government.  More spending to engorge our already bloated, useless, and inefficient bureaucracy will only add to our misery.

If Obama works with Republicans to reduce the layers of bureaucracy, stop any new spending, and greatly reduce existing entitlement spending, I see no reason to allow him the opportunity to correct our problems.  However, if he keeps harping on his asinine “investment in the future” strategy, then it proves he is as incompetent as he seems to be, and  we will have to hang on and wait until he is removed from power in 2012.