via Gateway Pundit
From a Mark Steyn article: Committee Finds Savings By… Adding To Deficit?
The following quote just struck me as such a good example of foolishness. The article’s main point is the grotesque way that Obama claims to justify new spending from money saved.
Last year, Marjorie Cook of Michigan, a food inspector with the Department of Agriculture, noted that every year USDA inspectors ship 125,000 food samples to its analysis labs by “next day” express delivery, and that a day or two later the labs ship the empty containers back to the inspectors using the very same “next day” service.
Marjorie suggested that, as the containers are empty, they can’t be all that urgent, and should be mailed back at regular old ground delivery rates.
But this reform was way too radical, so it didn’t win. And happily, even as we speak, mail couriers are rushing empty containers back and forth across the USDA-inspected fruited plain at your expense.
If you’re that rare person who can sit through an hour video, click here. This was taped in 2010 but nothing’s gotten better to alter any of this.
During a campaign speech on July 3, 2008, then-candidate Obama said:
The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up the national debt from 5 trillion for the first 42 presidents — number 43 added 4 trillion dollars by his lonesome, so that we now have 9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.
via The Right Scoop
From one of my favorite websites Monty Pelerin’s World.
The following are 41 statistics about the national debt that are almost too crazy to believe….
1 – As of June 20th, the U.S. national debt was $14,344,524,186,068.19.
2 – 30 years ago, the U.S. national debt was approximately 14 times smaller.
3 – It took from the presidency of George Washington to the presidency of Ronald Reagan for the U.S. government to accumulate one trillion dollars of debt.
4 – Since then, we have added more than 13 trillion dollars of additional debt.
5 – The United States government is responsible for more than a third of all the government debt in the entire world.
6 – If you divide up the national debt equally among all U.S. households, each one owes over $125,000.
7 – Mandatory federal spending is going to surpass total federal revenue for the first time ever in this fiscal year. That was not supposed to happen until 50 years from now.
8 – Between 2007 and 2010, U.S. GDP grew by only 4.26%, but the U.S. national debt soared by 61% during that same time period.
Uh, We’ve been focusing on the current debt. The debate needs to shift up to the Unfunded Liability.
via one of my favorite web sites: Monty Pelerin’s World.
via Liz Benjamin’s Capital Tonight.
Rand: “Who’s in charge here?”
Both parties are responsible for the deficits.
Best line ever.
Paul Ryan is eight years younger than the President but vastly more experienced and conversant with these issues
The Path to Prosperity:
We’ve got a whole generation of people who believe they are entitled to have the government pay their way through life.
Here are the consequences of Britain really trying to control their budget deficits.
via Verum Serum.
now from Red State:
Via the Telegraph:
Hundreds of activists – many wearing masks and hoods – disrupted traffic, set off fireworks and flares in the busiest areas of the city including Piccadilly Circus, Oxford Street and Regent Street.
Lightbulbs filled with ammonia and paintbombs were thrown at police as they desperately tried to keep the peace.
Topshop and HSBC had their windows smashed, while paint and glass bottles were thrown at a Royal Bank of Scotland branch. The marauders also attacked The Ritz near Green Park, where they smashed windows with bins and road signs.
UK Uncut, an anti-cuts direct action group, later occupied the Fortnum & Mason store in Piccadilly, claiming the firm had ‘dodged’ paying taxes.
Nine arrests were made and some police officers were injured.
I guess things aren’t really so bad over here, yet. Here’s some entitlement fun in Michigan, from RightWing News:
Video from press conference today with Senators Rand Paul, Jim DeMint, and Mike Lee, unveiling Sen. Paul’s balanced budget proposal.
The question is, how come he’s ignoring all the things he’s saying? The answer is he almost always says what people want to hear and then doesn’t act on it.
Deficit Commission Chair to Kids: You Need to Focus More on Debt and Less on Snoopy Snoopy Poop Dogg
via Hot Air
How clever. Why didn’t we think of this. Union members chant (they love chanting): “Tax tax tax the rich, we can fix the deficit.”
The sad part is they really believe what they’re saying.
From Victor Davis Hanson: If We Say It Is, It Is . . .
If you had gone to sleep in early 2006 and woken up today, you would learn that the filibuster is no longer a necessary brake on the tyranny of the majority but rather is a fossilized impediment to necessary progressive change. Recess appointments no longer result in “damaged goods” but are necessary protocols to get the talented by ossified ideologues in the Senate. If raising the debt limit beyond $9 trillion was once reckless and proof of a lack of leadership, exceeding $14 trillion is sober and judicious. Iraq is no longer lost, it is our “greatest achievement.” And just as Guantanamo and Predators are no longer constitutional affronts but critical tools against man-made disasters, so too the “fat cat” Bush tax rates ceased being impediments to spreading the wealth and evolved into necessary incentives for economic revival.
via NRO Corner.
It gets real good at 11:00 – i.e. “Your personal agenda is getting in the way of making you a good broadcaster.”
via The Right Scoop.