1st 100 Days & the future failure of America

I thought after the 1st 50 days that things could only get better, lots of new people making new people mistakes, these people really have pride in America just not reacting to well to the new power and environment.

It has just gotten worse except for the distraction game, the Obama administration has gotten very, very good at distraction while the real agenda of the government take over of a majority of American business marches forward.

Some of the highlights/lowlights
1) The American Apology tour through Europe. I thought only look at how important I am, self-indulgent Hollywood types (Penn, Glover, Bellafonte) and ex-presidents (Carter) went around the world saying America is evil. Now the sitting president is apologizing to the world because American Capitalism over the last century and a half has brought an improved standard of living to a large segment of the world population.

2) Cut 100 million dollars from federal budget, same as a family making $45000 a year taking a $1.22 annual pay cut. I wonder what will be cut in the family budget to make up for the income loss, need to drink water instead of the bottle of soda at today’s lunch. savings achieved, no more cutting needed.

3) Media lapdog to the president – ignores hundreds of thousands of protesters who think that government is overstepping its bounds and government intervention into private society needs to be curtailed.

4) Continue to ignore friends and prop up enemies. (Iran, Cuba, Venezuela, North Korea) And listen to them speak while they rant about how evil America is.

5) Politicize the security of America by releasing CIA memos

All of these are a distraction as they push through a universal health insurance and energy cap and trade plan.

Universal health care will result in limiting access, it is the only way to decrease costs is to limit access. See Charles Krauthammer collumn. The government has convinced a majority of the people that the America Health Care industry is broken and can only be “fixed” by the federal government.

The federal government is going to do the same thing with the energy industry under Cap & Trade. Cap & Trade will result in significant 300 to 400% increases in energy prices which will raise the prices for each American household about $3900 dollars more a year. This will result in American’s becoming enraged against energy companies and utilities giving the government the support to price cap and nationalize the energy industry. This will result in less energy for everyone to use.

It is called hidden taxes on business which gives those in power the ability to create a crisis and then solve the crisis by taking more power.

America is on a road to rapid failure and lower standards of living for the good of everyone.

POWER CORRUPTS, ABSOLUTE POWER CORRUPT ABSOLUTELY!!!!!!!!!!

Saturday’s cartoons – politics

from townhall.com

US Government spending will bankrupt the world

The US federal government is in the process of bankrupting the world as accounting practices that the federal government does not allow private companies to use are used to hide the real government debt. This cuts across party lines and the end of liberty and personnel freedom in the world.

The total economic of the world based on the ponzi scheme known as government spending is close (if not already beyond) the tipping point. Paper currency will be virtually worthless since the governments that print them have no possible way to back their value.

Government spending is the problem and drastic government spending cuts (real cuts not decreasing the rate of increase) of 50 to 90+% in some cases are required.

Federal obligations exceed world GDP, Does $65.5 trillion terrify anyone yet?

As the Obama administration pushes through Congress its $800 billion deficit-spending economic stimulus plan, the American public is largely unaware that the true deficit of the federal government already is measured in trillions of dollars, and in fact its $65.5 trillion in total obligations exceeds the gross domestic product of the world.

The total U.S. obligations, including Social Security and Medicare benefits to be paid in the future, effectively have placed the U.S. government in bankruptcy, even before new continuing social welfare obligation embedded in the massive spending plan are taken into account.

The real 2008 federal budget deficit was $5.1 trillion, not the $455 billion previously reported by the Congressional Budget Office, according to the “2008 Financial Report of the United States Government” as released by the U.S. Department of Treasury
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“The federal government is bankrupt,” Williams told WND. “In a post-Enron world, if the federal government were a corporation such as General Motors, the president and senior Treasury officers would be in federal penitentiary.”

Assuming 330 million Americans, 65.6 trillion debt is equal to $198,484 per American. This is on top of any state, local or personnel debt.

If you want to really understand the what the future holds and the consequences read the A Citizen’s Guide published by the treasury department.
It would be nice if government would live by this motto in the report.

Using the government accounting methods that if any private business used, the CEO, CFO and board of directors would be in jail, here are some tables from the report on future predictions.

These projects do not take into account the money spent since Oct 1, 2008. TARP and the new stimulus plan are on top of this staggering debt.

Americans need to hold our employees the elected government officials responsible. New blood is needed.

Stimulus Real Cost – The lying, cheating, theft act

True Cost of Stimulus: $3.27 Trillion

Rep. Paul Ryan (R-WI) asked the Congressional Budget Office to estimate the impact of permanently extending the 20 most popular provisions of the stimulus bill. What did the CBO find? As you can see from the table below, the true 10 year cost of the stimulus bill $2.527 trillion in in spending with another $744 billion cost in debt servicing. Total bill for the Generational Theft Act: $3.27 trillion.

A 30+% increase in the national debt in just under 30 days and a flat to declining GDP for the next decade.

CBO estimates that by 2019 the Senate legislation would reduce GDP by 0.1 percent to 0.3 percent on net.

From Townhall.com

I certainly hope America has hope because that is all that there will be left in a year or two.
Flat GDP means constantly rising unemployment. No GDP growth means no net new jobs.

Thoughts on 1st Obama Press Conference

I did not want to write what I was thinking during the press conference because I wanted to think about the questions and answers taken in their entirety instead of one piece at a time. I also did not watch any of the pundits analysis of the press conference.

My impression of the Obama answers to the questions:

1) I will negotiate with Iran who has leaders that publicly espouses that America needs to be destroyed because it is the great Satan.

2) I will not negotiate with Republicans who believe that government is not the total solution to America’s issues and that private business is at fault for all that is wrong with America.

3) I will talk about partisanship and blame the republicans for not agreeing with me and praising me since I agreed to listen to their ideas. I will not mention that the democratic leadership of the congress totally ignores the republican ideas for which I am bragging about listening.

4) If I do not get what I want America will be a catastrophe and anyone who disagrees is ignorant.

5) I will not look into the camera as I answer the questions giving the impression that I am above the common man since I do not need to look them in the eye. I also will tilt my head to one side while responding to questions which is a body language sign for begin uncomfortable and lying.

6) Republicans and the Bush administration are totally at fault for everything that is wrong in America and I am the savior who will right their wrongs.

7) Even though 0% down and interest only mortgages caused this crisis in the short term more of this needs to be done and in the future sometime we will fix the problems caused by the short term fixes.

8 ) Even though Social Security (entitlements) will be paying out more than is collected on a monthly basis is 6 to 7 years I am going to ignore that since I think any crisis is 10 to 20 years away.

9) Elimination of the current health care industry is a necessity and being rebuilt as I see fit it required for America to go forward.

I tried very hard to find something positive from the press conference. I wish I could have found something positive but the body language, repeating of campaign talking points and failure to look at the camera (the American people) while talking leads me to believe that Obama is hiding his true beliefs or he is lying.

Sunday’s Editorial Comics

All from Townhall.com

The “almost” stimulus plan

I have been reading a lot about the close to $1 trillion dollar stimulus plan and the only conclusion I can come to is that the federal government is going to add about $1 trillion dollars to the national debt.

The basic of what America gets is to give a batch of IOUs to China and other countries or maybe they are IOUs between the FED and the Treasury. State and local governments which have been spending like there is no tomorrow the last 6 years due to the vast increase in tax revenues due to the ever growing economy now have no money since tax receipts are down due to the normal cyclical economic recessions which always occur. America’s politicians at every level of government in the kindest way I can say it are failures.

The Obama and the Congressional democrats plan are going to bail out the failed state and local governments who are doing just as bad a job as the federal government does when it comes to living within the countries means. This is a “stimulus” plan which will all the politicians at every level of government kick the problem down the road a few years and not have to make any difficult decisions on what programs should really be cut or eliminated.

I guess since the federal government is now rewarding failures in private businesses (mortgage underwriters (Freddie and Fannie, banks, insurance and auto companies) why not underwrite the state and local government failures. Some state and local governments (not all, but lots) are failing due to the federal government mandates which is just like the onerous regulations on the private companies which results in their failures.

Since the elected federal and unelected bureaucracies have caused a vast majority of the problems, I guess the federal government needs to cover their butts before the truth is really know.

The stimulus plan is really a list of who’s who in democratic party lobbyists and financial contributors as well as the state governors and local government leaders.

I say kill the plan, my wife and I will continue to pay our bills and live on what we make today, keep the $20 a week that will be the “stimulus” I see. The $20 a week will cost me up to $100 a week in extra state and local taxes and fees to pay for the matching funds which the state and local governments will have to raise in order to spend the federal government stimulus plan.

From Townhall.com

A Federal Government Bank?

Obama team weighs government bank

The Fed has already dumped ~ $ 10 Trillion into the banking system on top of the $1 Trillion actually authorized by Congress which has lead to nothing but more debt and more people out of work.

The more the government helps, the worse the recession will get and the longer it will last.

A recession is like a wound or injury. Wounds happen, the cut has occurred, the bleeding cleans the wound and the band-aid covers it up.
Do you like the band-aid removed slow or fast.
Government involvement = slow, peel off the scab and re-open the wound.
Government inaction = fast, scab does not peel off and the wound continues to heal.

Pelosi – raise taxes now

Pelosi Urges Obama to Raise Taxes on Wealthy This Year

Pelosi said the income tax cuts to the highest earning Americans — which were decreased from 39.6 to 35 percent as part of the 2001 Bush tax plan — have been “the biggest contributor to the budget deficit,” which now stands at $1.2 trillion for fiscal year 2009. That deficit figure does not include the impact of the pending stimulus measure, which will cost around $800 billion, nor does it include estimates for supplemental spending bills that will come later this year to finance the wars in Iraq and Afghanistan.
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With no public decision made, Pelosi decided to step up the public pressure, suggesting the revenue raised from increased taxes on those making more than $250,000 could be used for a host of programs and deficit reduction.
“The opportunity calls for us in this country to invest in our children and their health and their education, and all of the — to reduce the deficit, to reduce the deficit if we had those resources,” she said.
Pelosi said the Bush tax cuts for the wealthy “have not grown the economy, have not contributed to the our economic security.”

Spend, spend, spend and if anything is left pay of the deficit.

Now for some facts and reality, SPENDING IS THE PROBLEM of the last 8 years, not taxes collected.
In 2001 the federal budget was $1.86 Trillion, in 2006 it was $2.65 Trillion.
Federal taxes collected in 2001 were $1.99 Trillion, in 2006 there was $2.47 Trillion collected.

2009 Socialist State of NY Budget is Cut???

Here is my local papers headline this morning

Paterson calls for dramatic budget cuts

Saying the state has lived beyond its means, Gov. David Paterson on Tuesday called for massive cuts in aid to education and health care, an elimination of a property-tax rebate program for homeowners and 88 new taxes and fees……..
Few programs would be spared.

The proposed $121 billion budget for the 2009-10 fiscal year calls for keeping spending flat compared with the current fiscal year

I know how my budget works a 1% overall increase in the amount of money spent is an increase. The 2008-2009 budget is $120 billion.

To me that means that every department of the state needs to deal with only a 1% increase in the amount of money to spend.

I guess to a government entity anything less than the desired increase is a cut.

Who in the state government is keeping all the money if they are really going to have a year over year decrease in funding to local governments, hospitals, etc… Someone is keeping a boatload of the taxpayers money.

NY state is going to get what it deserves and the rest of the country is following. There are to many people in NY and America that realize that they can get politicians to send them money that is confiscated from others.

This concept is why socialism always fails, the incentives to be successful are removed.