Boehner’s speech to the group was short and curt: He said his plan didn’t have enough support, and that the House would adjourn until after Christmas, perhaps even later. But it was Boehner’s tone and body language that caught most Republicans off guard. The speaker looked defeated, unhappy, and exhausted after hours of wrangling. He didn’t want to fight. There was no name-calling. As a devout Roman Catholic, Boehner wanted to pray. “God grant me the serenity to accept the things I cannot change,” he told the crowd, according to attendees.
There were audible gasps of surprise, especially from freshman lawmakers who didn’t see the meltdown coming. Boehner’s friends were shocked, and voiced their disappointment so the speaker’s foes could hear. “My buddies and I said the same thing to each other,” a Boehner ally told me later. “We looked at each other, rolled our eyes, and just groaned. This is a disaster.” (NRO)
So they get the blame, and they do nothing and hand the Democrats and the Ministry of Truth all the Nukes they need to blow holes in them.
Way to go Jar Jar.
President Obama says he wants a “balanced” approach to the fiscal cliff. But critics argue the real problem is spending, which has far outstripped rising tax revenue as well as economic growth.
Federal government revenue rose from $1.7 trillion to $2.4 trillion from fiscal 1998 to 2012, slightly exceeding inflation. Revenue growth averaged 2.9% annually, despite two recessions, bear markets — and tax cuts.
But federal spending rose nearly twice as fast — 5.7% per year — surging from $1.6 trillion to $3.5 trillion over that same span.
The spending spike also exceeds growth in the population.
Some of the spending surge came during the Bush administration — the wars in Afghanistan and Iraq, increases in non-defense discretionary spending and the creation of the Medicare prescription drug entitlement.
But spending accelerated under Obama. While he inherited a budget increase from Bush in fiscal 2009, an omnibus bill he signed plus his stimulus package helped boost spending $535 billion in his first year, hiking total spending from $2.9 trillion in 2008 to $3.5 trillion in 2009. Spending has never returned to the already-high 2008 level even after controlling for inflation. (IBD)
Social Security, Medicare and Medicaid, These three programs will account for about 50% of the budget by 2020.
ObamaCare Update: Coming to a city near you….
As politicians, the Democratic members of the Wilmington, Del., City Council were early and enthusiastic supporters of Obamacare.
As employers, they are suffering from sticker shock after learning Obamacare for one employee could cost as much as $17,500 per year. They say they do not want to pay it.
The Affordable Care Act requires employers with more than 50 employees to provide health insurance for anyone who works more than 30 hours a week. Some city employees who work more than 30 hours a week are considered part-time and do not receive benefits such as health insurance.
Now that city leaders have read the Obamacare bill and know what is in it, that could change.
Wilmington is a predominantly black city with a high crime rate that supported Obama in the 2008 and 2012 elections by wide margins.
But no one thought about the cost of Obamacare – other than to pooh-pooh any notion that Obamacare could cause any economic dislocation.
Not until now: City leaders want to avoid the extra expense of Obamacare for city employees – many of whom work as school crossing guards and for the city’s park system in the summer – reducing their hours and changing their status to part-time. (KFYI)
Are you sure the Mayans weren’t right, just not about the date?