It’s a Drag

Everywhere you turn these days, liberals are bemoaning the harm caused by “austerity.” The left-wing Center for American Progress claims spending cuts will cost 2 million jobs over the next seven years. The Brookings Institution says they’ve already cost 2 million.

Former Obama Treasury Secretary Larry Summers complained last week that austerity postponed “the acceleration of recovery . . . more than it needed.” Democratic National Committee communications director Brad Woodhouse took to Twitter to wonder “what our economy would be doing if not for #GOPSequester, GOP refusal to make needed investments.”

The press has swallowed this and routinely blames bad economic news on “Washington’s austerity drive.”

The liberals’ mantra is understandable, since it supports their belief in an endlessly increasing federal government while blaming any bad economic news at Republicans who have been pushing spending cuts.

But researchers at the Federal Reserve Bank of San Francisco looked at the data and came to a completely different conclusion. They find that it’s not the modest spending restraint pushed by Republicans that’s harming growth prospects, it’s the massive tax cuts Obama has engineered — tax hikes that liberals and the mainstream press ignore when they whine about austerity.

The researchers compared recent and projected spending and taxes to the historic norms at similar points in a business cycle. They found while deficits have fallen of late, spending is still higher, and tax receipts lower, than the norm at this point in a recovery. Fiscal policy, they say, has held back the recovery only “slightly to date.”

Over the next three years, however, the fiscal drag on the economy is “much bigger” — cutting projected growth by about 1 percentage point. But that’s not because of sequester-forced spending cuts.

“Despite all the attention federal spending cuts and sequestration have received, our calculations suggest they are not the main contributors to this projected drag,” they wrote. Even with the sequester, they found, outlays will stay above historic norms over the next three years.

Instead, the researchers found, “the excess fiscal drag on the horizon comes almost entirely from raising taxes.”

Taxes as a share of GDP are on track to rise well above historic averages and well above rates at comparable periods in previous recoveries.

And what explains this “super-cyclical” rise in taxes?

Well, let’s see. Obama forced through a $600 billion tax hike on upper-income families at the start of this year in the name of “fairness.”

Before that, he and his fellow Democrats imposed $1 trillion of new taxes for ObamaCare, taxes that are just now hitting the economy.

As a result, federal tax revenues as a share of GDP will hit 19.3% of GDP by 2015, a level reached just six times since World War II and well above the 17.9% average over the previous 40 years.

We’d only add that Obama’s other economic policies — an out-of-control regulatory state, the looming disaster known as ObamaCare, various attempts at industrial policy among them — have also weakened what should have been a robust recovery. (IBD)

But since it all fits The Agenda, it’s good. 🙂

After years of ignoring increasingly dire warnings, America is now facing a debilitating disability crisis — one draining tax dollars (and workers) from our economy.

Yet rather than reforming our broken entitlement programs, policymakers continue turning a blind eye to the root problems associated with these unsustainable behemoths: liberally defined benefits, lax bureaucrats, rubberstamping judges and rampant overpayments.

According to Cornell University’s latest “Disability Status Report,” 37.3 million Americans (or 12.1% of our population) claimed a disability in 2011. Many of these were legitimate ailments afflicting older retirees — but America’s disability epidemic cannot be chalked up exclusively to an aging population.

According to the U.S. Social Security Administration, 10.9 million working age Americans (and family members) received disability insurance payments in February — while another 8.2 million received supplemental security income payments.

Over the course of the year the total tab for these benefits could exceed $180 billion, an ongoing explosion of disability-related dependency that has pushed this program to the brink of insolvency.

That’s not hyperbole, either. A year ago the Social Security Board of Trustees announced the disability trust fund would be exhausted in 2016 — two years earlier than the previous estimate.

Open Definition

How did we arrive at this point? Well, after remaining relatively flat during the late 1970s and 1980s, the number of disability dependents spiked by 84% from 1990-2003 while the costs associated with the program climbed from $38 billion to $77 billion annually.

The last five years have seen even more unsustainable growth as the number of workers receiving disability payments jumped from 7.1 million in December 2007 to 8.8 million in February 2013 — a 22.5% increase. Meanwhile, annual applications for disability benefits nearly doubled over the last decade — from 1.5 million in 2001 to 2.8 million a year ago.

The primary driver of this unchecked expansion is government’s ever-expanding definition of “disability” — with mitigating factor presumptions, combinations of non-severe impairments (such as “persistent anxiety” and “chronic fatigue”) and liberal interpretation standards making it much easier for individuals to claim a “total disability.”

Government even takes into account external factors such as the job market in reaching its determination.

“If there are not a ‘significant number’ of jobs available, then a claimant … is deemed to be ‘disabled’ even though he or she is still capable of competitive work, albeit at a reduced level of performance,” an article in the Cato Institute’s Regulation Magazine noted.

The impact of downwardly defining “disability” can be seen in a recent analysis of government data conducted by reporter Chana Joffe-Walt of NPR. According to Joffe-Walt’s report, there has been a fundamental shift in the nature of disability claims — away from serious and easily provable conditions and toward more dubious ailments.

In 1961 heart disease, stroke and related ailments made up the largest category of disability recipients (25.7%) — while a much smaller group (8.3%) cited harder-to-prove “back pain and other musculoskeletal problems.”

Flawed System

As of 2011, however, the heart disease and stroke category shrank to 10.6% of the dependent population while the back pain group exploded to 33.8%. Meanwhile, mental illness — another harder-to-prove category — saw its share of the disability population climb from 9.6% to 19.2%.

Last September, Sen. Tom Coburn, R-Okla., — a medical doctor — exposed several other major problems with the system when he conducted an investigation into disability benefit award decisions. According to his report, more than a quarter of disability cases analyzed by his committee “failed to properly address insufficient, contradictory or incomplete evidence.”

Coburn’s probe also found disability examiners and Social Security administrative law judges authorizing benefits “without citing adequate, objective medical evidence to support the finding; without explaining the medical basis for the decision; without showing how the claimant met basic listing elements; or at times without taking into account or explaining contradictory evidence.”

Poor hearing practices, late and insufficient evidence, misuse of medical listings and woefully outdated job listings for claimants with limited disabilities were also among the problems uncovered by Coburn’s investigation.

Taxpayers should not be forced to continue subsidizing such an inherently flawed, financially unsustainable system.

Unless action is taken now, bailout demands will likely overwhelm politicians of both parties who ignored the oncoming default all these years.

Unfortunately, with the exception of a handful of leaders such as Coburn, there remains virtually no appetite in Washington, D.C., to substantively address either the disability problem or our government’s broader entitlement addiction.

Gotta kiss up tio the dependent. They vote for politician to feed their drug habits. And politicians want them to feed their power addiction.

Michael Ramirez Cartoon

Political Cartoons by Gary McCoy

Political Cartoons by Gary McCoy

 

To Infinity & Beyond!

Thanks Big Sis

Thanks Big Sis! 🙂

The federal debt increased $54.1 billion in the eight days preceding the deal made by President Barack Obama, Senate Majority Leader Harry Reid (D.-Nev.) and House Speaker John Boehner (R.-Ohio) to cut $38.5 billion in federal spending for the remainder of fiscal year 2011, which runs through September.

The debt was $14.2101 trillion on March 30, according to the Bureau of the Public Debt, and $14.2642 on April 7.

Since the beginning of the fiscal year on Oct. 1, 2010, the national debt has increase by $653.4 billion.

But don’t worry, if we cut any more there will be Armageddon in the streets according to the Democrats.

At a news conference New York Sen. Chuck Schumer, D-N.Y., agreed, “I happen to think some of their cuts are extreme and go overboard. But every week they keep upping the ante and proposing extreme cuts.”

The next battle with consequences begins in a matter of two short weeks when the accumulated U.S. debt will be nearing it’s $14 trillion legal limit.  So Congress will have to vote to raise the ceiling so Uncle Sam can borrow still more money.

The administration has said it will need to be raised between April 15 and May 31 or the U.S. could default and create a new fiscal crisis of unknowable magnitude. Fiscal hawks plan to demand strict, enforceable spending caps, triggers for across the board cuts, and austerity measures in exchange for raising the debt limit.

This short-term agreement was just a beginning. (FOX)

The Real fearmongering, hatred and vile Lies begins now.

Set your demagoguery meter to Infinity and Beyond!

Mark Steyn: Hey, it’s the weekend, and everyone’s singing the same maddeningly catchy refrain! Rebecca Black’s “Friday”? Nah, that was last week’s moronic sing-along. This week’s is even perkier! “Paul Ryan proposes to end Medicare as we know it,” sings former Clinton chief of staff John Podesta.

“It would end Medicare as we know it,” sings Sen. Max Baucus of Montana. “It’s going to end Medicare as we know it,” sings Nadeam Elshami, communications director for Nancy Pelosi. “It does end Medicare as we know it,” sings Sen. Tom Harkin of Iowa. “I drove all night to watch Paul Ryan e-e-end Me-edi-ica-a-are as we-e kno-o-o-o-o-o-o-o-o-w it,” sing all 24 semifinalists on the Celine Dion round of “American Idol.”

Sadly, Rep. Debbie Wasserman Schultz, incoming chairman of the Democratic National Committee, lost the sheet music and was forced to improvise. “This plan would literally be a deathtrap for seniors,” she ululated. Close enough!

Ending Medicare as we know it? Say it ain’t so! Medicare, we hardly knew ye!

It’s an open question whether Americans will fall for one more chorus of the same old song from Baucus, Harkin, Podesta and the other members of America’s wrinkliest boy band. But if this is the level on which the feckless patronizing spendaholics of the permanent governing class want to conduct the debate, bring it on:

Paul Ryan’s plan would “end Medicare as we know it.” The Democrats’ “plan” — business as usual — will end America as we know it.

Literally, as Wasserman Schultz would say. One way or another, Medicare as we know it is going to end. So, if you think an unsustainable 1960s welfare program is as permanent a feature as the earth and sky, you’re in for a shock. It’s just a question of whether, after the shock, what’s left looks like Japan or looks like Haiti.

My comrade Jonah Goldberg compares America’s present situation to that of a plane with one engine out belching smoke. But, if anything, he understates the crisis. Air America doesn’t need a busted engine because it’s pre-programmed to crash.

Our biggest problem is Medicare and other “entitlements.” They’re the automatic pilot of Big Government. Whoever’s in the captain’s seat makes no difference. The flight is pre-programmed to hit the iceberg, if you’ll forgive me switching mass-transit metaphors in midstream.

For some reason, Obama, Reid, Pelosi, Harkin & Co. don’t seem to mind this. If you recall the smile on the face of the “automatic pilot” in “Airplane!” as he’s being inflated, that’s pretty much the Democrats’ attitude to binge-spending as a permanent fact of life.

For a sense of Democratic insouciance to American decline, let us turn to the president himself.

The other day Barack Obama was in the oddly apt town of Fairless Hills, Pa., at what the White House billed as one of those ersatz “town hall” discussions into which republican government has degenerated. He was asked a question by a citizen of the United States. The cost of a gallon of gas has doubled on Obama’s watch, and this gentleman asked, “Is there a chance of the price being lowered again?”

As the Associated Press reported it, the president responded “laughingly.” “I know some of these big guys, they’re all still driving their big SUVs. You know, they got their big monster trucks and everything . . . If you’re complaining about the price of gas, and you’re only getting eight miles a gallon — (laughter) . . .”

That’s how the official White House transcript reported it: Laughter. Big yuks. “So, like I said, if you’re getting eight miles a gallon, you may want to think about a trade-in. You can get a great deal.”

Hey, thanks! You’ve been a great audience. I’ll be here all year. Don’t forget to tip your Democrat hat-check girl on the way out: At four bucks a gallon, it’s getting harder for volunteers to drive elderly voters from the cemetery to the polling station. Relax, I’m just jerking your crank, buddy! And it’s not four bucks per, it’s only three-ninety-eight. That’s change you can believe in!

Message: It’s your fault.

The same day as the president was doing his moribund-economy shtick, my hairdresser told me that she’d bought her midsize sedan secondhand in 2004. She’d also like to ask the president if there’s a chance of gas prices being lowered again. But he’d have the same answer: Buy a hybrid. Wait till the high-speed rail-link is built between Dead Skunk Junction and Hickburg Falls. Climb into the fishnets and the come-hither smile and hitch.

America, 2011: A man gets driven in a motorcade to sneer at a man who has to drive himself to work. A guy who has never generated a dime of wealth, never had to make payroll, never worked at any job other than his own tireless self-promotion, literally cannot comprehend that out there beyond the far fringes of the motorcade outriders are people who drive a long distance to jobs whose economic viability is greatly diminished when getting there costs twice as much as the buck-eighty-per-gallon it cost back at the dawn of the Hopeychangey Era.

So what? Your fault. Should have gone to Columbia and Harvard and become a community organizer.

Another 10 years of this, and large tracts of America will be Third World. Not Somalia-scale Third World, but certainly the more decrepit parts of Latin America. There will still be men with motorcades, but they’ll have heavier security and the compounds they shuttle between will be more heavily protected.

For them and their cronies, the guys plugged in, the guys who still know who to call to figure out a work-around through the bureaucratic sclerosis, life will be manageable, and they’ll still be wondering why you loser schlubs are forever whining about gas prices and electricity prices and food prices.

What’s about to hit America is not a “shock.” It’s not an earthquake, it’s not a tsunami, it’s what Paul Ryan calls “the most predictable crisis in the history of our country.” It has one cause: spending. The spending of the class that laughs at the class that drives to work to maintain President Obama, Sen. Reid, Sen. Baucus, Sen. Harkin and Minority Leader Pelosi’s “communications director” in their comforts and complacency.

The Democrats’ solution to the problem is to deny there is one. Unsustainable binge-spending is, as the computer wallahs say, not a bug but a feature: We’ll stimulate the economy with a stimulus grant for a Stimulus Grant-Writing Community Outreach Permit Coordinator regulated by the Federal Department of Community-Organizer Grant Applications. What’s to worry about?

I said the Democrats’ plan is to “end America as we know it,” but even that has been outsourced to others. The choice is between letting Paul Ryan end Medicare as we know it, or letting our foreign lenders determine the moment to end America as we know it.

I would not presume to know Chinese or Russian or Saudi or even European inclinations in this respect, though certain shifts in the ratio between short-term and long-term debt holdings suggest foreign governments give more thought to the implications of U.S. government spending than the U.S. government does.

But I do know their interests are not ours, and that there will come a day when Beijing and others, in the words of King Barack to his lowly subject, “may want to think about a trade-in.”

Now there’s a slogan for 2012.

I have a better one: Trade In Obama 2012! 🙂

Political Cartoons by Steve Kelley

Political Cartoons by Jerry Holbert

Political Cartoons by Nate Beeler

It’s Wafer Thin!

Political Cartoons by Eric Allie

We had to pass it to know what was it in when it came to ObamaCare because they had 15 months to read the 2,100 page Obamacare and didn’t, but Sen. Paul Ryan’s 2012 budget outline that was 70 pages ALL the Democrats and the Liberal media have completely digested and analyzed in just hours!

Because they are already on the attack. Like raptors on prey.

And it’s straight of my “excuse list” (See Last Sunday’s blog) 🙂

Anyway, get used to this: Warnings about grandma being forced to eat styrofoam peanuts and Fancy Feast because of heartless Republicans and their insane crusade for solvency will be a staple of Democratic talking points by next November, especially with the White House desperate to win back seniors alienated by ObamaCare.

How does letting the country collapse fiscally, which would prompt truly draconian cuts under an austerity plan to rebalance the books, put more food on seniors’ tables? (Hotair.com)

It doesn’t. But The Democrats only have 1 playbook and it’s the same one they’ve been using for a century.

It’s call Fear.

Intimidation.

Lying.

Hyperbole.

Hysterical “examples”.

And good old time tested CLASS WARFARE!

Liberal political strategist Donna Brazile took to Twitter to assail fiscal conservatives for “taking medicine from seniors” and cutting taxes for “the rich and their corporate donors.”

Do-nothing House Minority Leader Nancy Pelosi attacked Republicans for paving a “path to poverty for America’s seniors and children and a road to riches for big oil.”

PELOSI: “When I hear you speak about this issue, of course it’s the Gospel of Matthew: When I was hungry, he gave me to eat and the rest of it goes on. And when I hear Reverend Wallis talk about priorities.

I can’t help but think about the fact that in these same budgets, we are talking about, they give tens of billions of dollars in subsidies to Big Oil to drill when they are making a trillion dollars over 10 years in profits, that we are giving tax breaks to companies to send jobs overseas. We’re doing that as we say to seniors, homebound seniors: “You no longer will have food coming to you in your homes”

The Ryan budget calls for a 5% cut in these programs. 5%!

The left-wing activist group Campaign for America’s Future bemoaned GOP Rep. Paul Ryan’s “corrupt” budget plan for catering to “the wealthiest Americans that finance campaigns, the powerful corporate lobbies that have deep pockets for politicians in and out of office.”

Did you know that entitlements — mainly Social Security, Medicare and Medicaid — are the primary drivers of these deficits but that Obama has yet to come to the table with a genuine entitlement reform proposal? Or that congressional Democrats, for the first time since 1974, did not pass a budget and all of the current wrangling over continuing resolutions and government shutdowns is a direct result of their dereliction? (Michelle Malkin)

Obama 2006: The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.

But here’s some facts for you:

The U.S. Treasury has released a final statement <https://www.fms.treas.gov/fmsweb/viewDTSFiles?dir=w&fname=11033100.pdf> for the month of March that demonstrates that financial madness has gripped the federal government.

During the month, according to the Treasury, the federal government grossed $194 billion in tax revenue and paid out $65.898 billion in tax refunds (including $62.011 to individuals and $3.887 to businesses) thus netting $128.179 billion in tax revenue for March.

At the same time, the Treasury paid out a total of $1.1187 trillion. When the $65.898 billion in tax refunds is deducted from that, the Treasury paid a net of $1.0528 trillion in federal expenses for March.

Let’s put that in normal people’s terms (without the zeroes):
The government took in $194.
paid out $65.90.
=128.17
Then the Credit Card bill came in and it was $1,052.

No Problem. We aren’t broke!! 🙂

And Speaker Boehner’s grovelling for a deal any deal is making me sick!

If he caves to the Democrats on piddle-shit like $61 Billion forget the 6.4 Trillion dollar country saving budget cuts in the Ryan Budget.

It’s toast.

And so are we!

Perhaps you’d like an 88 percent tax increase? Perhaps not.

The Democrats’ plan (and the Liberal Media)  will be to make Paul Ryan the most hated man in America, if not the world. The campaign will be — and already is — personal. It will be personal because the facts are not on their side. Our choices are: 1. raise taxes severely, and pretend that that is not going to have catastrophic economic consequences; 2. court a national fiscal crisis on the Portugal/Greece model but on a significantly larger scale, and pretend that that is not going to have catastrophic economic consequences; 3. cut spending. (NRO)

Now that’s an “adult” moment! 🙂

Choose.

Political Cartoons by Jerry Holbert

Political Cartoons by Michael Ramirez

Political Cartoons by Chuck Asay

Political Cartoons by Glenn Foden

Political Cartoons by Nate Beeler

Happy New Year, New Congress: Be Prepared to be Electrocuted or Go Home

Michael Ramirez Cartoon

What I don’t want to see in the new Congress: Partisan Mudfights.

As fun as it may be to just all Terminator on the Obama administration with investigations all that does is sink to the Democrats level of partisanship, aka investigate Bush for everything and anything no matter how outlandish or insane not caring about anything other than “Gotcha!” politics.

We don’t need that now. We need Leadership. Not a Partisan driven Gotcha.

When I was a child, I spake as a child, I understood as a child, I thought as a child: but when I became a man, I put away childish things. (1 Corinthians 13:11)

Spending. Congress has, by constitutional right, the power of the purse strings. The new Congress must use this power to slash spending to the pre-meltdown, pre-stimulus levels of 2007. Federal spending today is over 25% of GDP — nearly a quarter above its historic average. The Democrat-led 111th Congress added $3.2 trillion to the national debt, the most in history.

With an estimated $10 trillion in debt expected over the next decade from current programs, and a wave of spending coming to take care of the tidal wave of baby boomers who’ll be retiring at the rate of 10,000 a day the next couple of decades, government better stop spending now — or go bankrupt.

Period. End of Story!

Within 5 years, just 5 years, the INTEREST on the National Credit Card will be more than we spend on the Military, it will be so massive that it will be the single largest expenditure we have as a nation.

That is unsustainable. It must stop. Period!

Today the top-earning 5% of taxpayers — having incomes over $159,619 (well below “the Rich” of 250,000 )— earn 35% of the nation’s income, but pay 60% of individual income taxes. This is unfair and inefficient, with estimates of as much as a $150 billion reduction in GDP each year.

“The Rich” the liberals are so obsessed with pay nearly 1/2 of all taxes but have the highest taxes. And you want to screw them even more and expect to them to love you and kiss you and roll over and play dead marxist??

I don’t think so. Grow up!

Life isn’t fair.

And the debt wracked by the government and the people is real and only the government and the people can stop it.

Now!

ObamaCare. Because you don’t have the Senate and the President you won’t be able to repeal it. You must slow it down though and get rid of some of the most onerous things if you can.

Personally I think the liberals will fight to your death for this Golden Goose Egg of Socialism.

They don’t care that it actually hurts people. They just don’t care.

So we have to cut spending.

Real Cuts.

Painful Cuts.

Not just politically correct show-off cuts that don’t mean anything in the long run.

We’re talking Entitlements. The lightning rod of politics.

Prepare to be electrocuted or go home.

The Republican House and the 47 GOP senators should nonetheless reintroduce the topic into the debate, even pass a bill in the House. They should also promote market improvements of Medicare. The public needs to understand why this is necessary — and why the Democrats’ inevitable resistance puts our nation at risk.

The GOP must be careful, though, of accepting a “bipartisan compromise” that perpetuates the worst features of the current system. With a $107 trillion deficit expected over the long term, the two entitlement programs must be overhauled. There’s no choice.

It’s the 20,000 lib Gorrila on steroids that is guarded by an Imperial Starfleet of Unions, Democrats and the Not-In-My-Backpocket Scare tactics that must be taken down or else it’s over, it’s all over.

Too bad if you don’t like it. Too bad if you don’t want to.

The truth is the truth, deal with it. You don’t have to like it, you’d don’t have to approve.

It’s very bad medicine that you have to swallow or else.

No option.

Except complete and utter failure of everything.

No pressure.

Congress needs to refocus the Fed on what it does best: keep inflation under control and help oversee the commercial banks. Most important, any reforms must keep the central bank’s political independence — which studies show is what makes a central bank most effective.

Pumping money we don’t have into a broken economy is not making it better.

Keynesian Economics DOES NOT WORK! Period. End of story.

Sorry, Liberals, Life just isn’t fair and it never will be. Get over it!

Fannie Mae and Freddie Mac. One of the great disgraces of the 111th Congress was the passage of a financial overhaul bill that left the two main causes of our financial meltdown untouched. At one point, Fannie and Freddie controlled half the $13 trillion U.S. mortgage market.

For years, Congress and presidents alike have used the two to subsidize cheap home loans to undeserving borrowers to garner votes and boost the U.S. homeownership rate. The two have already cost U.S. taxpayers $135 billion, but may end up costing as much as $700 billion, estimates show. Republicans can rectify this by holding new hearings, then privatizing them or shutting them down.

Fannie & Freddie must die so that we may live. Period.

TSA reform. The Transportation Security Agency is out of control. As agents make X-rated X-rays of passengers and grope their private parts, screeners continue to let guns, knives, explosives and bomb parts sift through the security line.

Meanwhile, Israel’s El Al, considered the world’s most secure airline, has a different strategy. Wisely disregarding political correctness, it uses ethnic profiling and asks passengers inconvenient questions. How about changing strategy here and considering the Israeli model? Our lawmakers need to have the courage to take the lead on making our skies safer and air travel less stressful.

Yes, folks, RACIAL PROFILING!

You can’t fight a war, any war, politically correct. Sorry Liberals.

Net neutrality. The Federal Communications Commission, saying it wants to establish a free and open Internet, has voted to impose regulations on the Web. But far from freeing the Web and making it more wide open, net neutrality rules give Washington the power to determine how Internet service providers handle the traffic that flows over their infrastructure.

The Liberals need to have government run everything in your life from birth to death (and beyond with the Death Taxes) has got to be stopped.

And something that is nearly extinct in this culture as a whole must come back:

Personal Responsibility!

When you screw up it’s YOUR FAULT and YOUR CONSEQUENCES and you have to live with the CONSEQUENCES of YOUR OWN ACTIONS!

It is not anyone or any group’s fault.

It’s not the “rich”, “white people”, “Christians”, your neighbor, that drink you had, chocolate,McDonalds, et al.

It’s your own damn fault and BUCK UP and take it like an ADULT.

It’s time to put away childish things!

When I was a child, I spake as a child, I understood as a child, I thought as a child: but when I became a man, I put away childish things. (1 Corinthians 13:11)

Put down the lawsuit ACLU and Liberals stop whining about your secular need to drive religion out of life as a whole (unless it’s Islam which is politically correct).

There is wisdom here. Learn from it. Regardless of the source.

STOP BEING A CHILD and GROW UP!

Time to take your medicine!

The drunken hangover is over, it’s now the morning after and this hangover is killer.

DEAL WITH IT. MAN UP!

Immigration. With 20 million illegal immigrants, Congress must work to ensure that immigration is about rule of law, not ethnic grievance politics. Full funding for the border fence is a must to ensure that U.S. agents, not Mexican cartels, control the border. Congress must end the current White House policy of cherry-picking criminal cases, but ignoring others.

Also, legal immigration to the U.S. must be made speedier and less costly. Legal immigrants wait in long lines and pay an average $6,000 to enter legally. One idea: an express lane for those with education and training who can fit into our economy right away.

SECURE THE BORDER. Then we’ll talk. The End.

Janet the Incompetano is not capable of this. She is too politically correct to even deal with it. Always has been.

When she was Governor of Arizona she constantly stalled efforts saying it was a “federal problem” and then when she became the Fed, she is the problem.

She needs to be replaced or have a brain transplant because she too incompetent to stay.

Since that is unlikely, it falls to the Congress to brave the slings and arrows of the Hispanic Caucus, The Liberal Media and “racism” and do what is right and secure the border for real.

Regulations. They must be reformed and not used as the Socialist Weapon of Choice since they haven’t got the legislative power now.

According to the Small Business Administration, red tape costs the economy $1.75 trillion each year — more than the GDP of Canada and equal to all corporate profits. It also adds up to $15,000 per household.

And with the 2nd highest Corporate Tax in the world, and the economic turmoil CREATED by liberals we aren’t attractive to even businesses in THIS country let alone another.

This has to stop.

The Liberals need to grow up.

That’s nearly nearly impossible, so we have to go around them and prove it can work.

The time For Childishness and liberal dreams of social and economic “equality” for all are over.

Period.

Federal regulations go on for 70,000 pages. Under Obama, regulatory bureaucrats are drawing more power. The EPA, FCC and FDA, to name just a few, are issuing sweeping new rules for us to live under. Enough.

ENOUGH IS ENOUGH!

The drug binges have to stop now or the patient dies.

Period.

No option.

No Choice.

Just do it!

OR ELSE!

Period.

No one should care if you don’t like it. It’s the cold hard reality.

DEAL WITH IT.

 

The Safety Net

“It’s very sad. I think it’s just illustrating what dire straits our federal government budget is in,” said Sheila Zedlewski, director of the Urban Institute’s Income and Benefits Center. “It’s unprecedented to raid one safety net program to feed another.”

Democrats who reluctantly slashed a food stamp program to fund a state aid bill may have to do so again to pay for a top priority of first lady Michelle Obama.

The House will soon consider an $8 billion child nutrition bill that’s at the center of the first lady’s “Let’s Move” initiative. Before leaving for the summer recess, the Senate passed a smaller version of the legislation that is paid for by trimming the Supplemental Nutrition Assistance Program, commonly known as food stamps.

The proposed cuts would come on top of a 13.6 percent food stamp reduction in the $26 billion Medicaid and education state funding bill that President Obama signed this week.

Food stamps have made multiple appearances on the fiscal chopping block because Democrats have few other places to turn to offset the cost of legislation.

Party leaders raided the budget to find off-setting tax increases and spending cuts to pay for their top legislative priorities, including the roughly $900 billion health care law.

Democrats have turned to the food stamp program because funding increases enacted in the stimulus package last year were already scheduled to phase out over time. The changes proposed in the state aid and nutrition bills would simply cut off that increase early, in March 2014. Because the cuts would not take effect for more than three years, Democratic leaders have voiced the hope that they will be able to stop them in future legislation.

But House liberals are balking now, saying that while they swallowed the food stamp cuts to pay for urgent funding for Medicaid and teachers, they will not vote for more cuts in the child nutrition bill.

A House leadership aide noted that the food stamp decrease approved in the state aid bill will not take effect right away and will leave the program at the same funding level it was at before the stimulus law was signed. “That doesn’t mean many Democrats are not concerned about the issue, but this is a process which gives us time to deal with immediate issues (like jobs) and helping the economy grow, while giving you time to deal with the food stamp issue,” the aide said. (The Hill)

In other words, the card shuffling rob Peter-to-Pay-Paul-Wimpy-I’ll Pay you tomorrow for a hamburger (or food stamp)-today economics may be running a bit thin.

The idea that you can pay for massive spending with cuts 3 years from now in the hope that everything will be fine and and you won’t have to cut them in 3 years is some how saving money now is just wrong.

And these were eliminating increases that that they’d already passed!

Sounds like rearranging the deck chairs on the Titanic after it’s hit the iceberg! 😦

But when you have The Agenda, and the Agenda must be passed and the end justifies the means, you’ll do and say anything to make it happen.

The deeper food stamp reductions in the Senate version would set an earlier date — in November 2013 — for eliminating the increased benefits passed last year.  A family of four would see their benefit reduced by $59 a month, or about 9 percent. The bill would also cut funding for nutrition education programs aimed at low-income neighborhoods and households.

But don’t worry, It will still be George W Bush’s fault if the cuts actually happen. Or evil rich people. Or Class warfare. It certainly won’t be there fault. And it’s just cutting an increase anyhow so no big deal (unless you’re the Bush Tax cuts where not increasing taxes is bad).

The truth is certainly not endangered. 🙂

I like this comment made on the article, it was suitably sarcastic:

No big deal. Just put a “cancel” on any payments from the treasury to cover charges for the Obama family’s entertainment amd travel budget. It would onlly take a few months of austerity in the White House to jumpstart the economy, balance the budget, and slash the deficit. If that doesn’t do it, garnish Obama’s salary, eliminate his empire of czars, and fire “Bozo” Gibbs. The first two measures would be sacrifices, and the third would be a sign of at least some intelligent life in the White House.

Now why would they want to interrupt their latest lavish vacation to do that? Gee, they are the elites and they are the ruling family why would they want to show any restraint?

They deserve it. They are better than you.

I guess we could always Eat their words… 🙂

Congress’ rationale for eliminating the 2003 Bush tax cuts is deficit reduction. This position would be more credible were congress not teeing-up additional discretionary spending programs in the form of various stimuli packages for union members and favored political allies whom Democrats need to please in order to ensure their re-election in November. The deficit can never be reduced if Congress doesn’t stop non-essential spending. (or this kind of Wimpy-I’ll-pay-tomorrow-for-what-I-spend-today economics).

Currently, it is not clear if the confiscatory tax policies proposed by Democrats are designed to reduce the deficit by increasing the government’s revenue or if they are designed to punish political opponents and those whose don’t share the flawed, Democrat, wealth-redistribution ideology. Increasingly, it’s looking as if the goal is to punish.

Low tax rates incentivize economic growth and investment. This has been proven time after time. But, Democrats prefer to focus, instead, on taxes on the “rich”, using inflammatory rhetoric that plays on our deepest fears and ego, fear that someone might be better than we are, have more than we do, rhetoric that encourages schadenfreude, a smug pleasure that those who have more than we, might be brought low by confiscatory tax policies.

The Democrat leaders in congress advocating against the Bush tax cuts are looking for a bogeyman—the rich—to be blamed for the failed Democrat fiscal and job creation policies. Punishing the “rich” is a campaign strategy that they hope will play well with voters this fall. (Townhall.com)

Let them EAT the “rich”. Meanwhile, the apparatchiks are being porked out of their minds.

And you, get to pay for it either way. 🙂

Oh, and just in case you didn’t know, their was another stimulus (aka bribe) recently also:

WASHINGTON (AP) — A check from Uncle Sam gets your attention, even if the money doesn’t help that much with the bills.

More than 750,000 Medicare recipients with high prescription costs each got a $250 government check this summer, and 3 million-plus more checks are going out to people who land in the program’s anxiety-inducing coverage gap.

Democrats, running scared in an election year, are trying to overcome older people’s mistrust of the new health care law, which expands coverage for younger generations by cutting Medicare payments to hospitals and insurers.

Will the ploy work?

“It’s like a teaser,” says Virginia Brant, 65, of Glendale, Ariz. “You go to Vegas and they give you the free spin on the wheel. We have had our teaser — the $250 — for us to say, ‘Gee, look at what we have coming.’”

Brant spent hers to help pay down a credit card she keeps for medications.

The checks arrive with a letter addressed directly to each beneficiary and signed by Kathleen Sebelius, President Barack Obama’s health secretary.

The money is “to bring you some needed relief on your prescription drug costs … the first step toward closing your coverage gap,” Sebelius says. Then comes the pitch: “Stay tuned for more information … on how this new law will help make Medicare more financially secure and provide you with higher quality and more affordable health care.”

Ooh, $250 bucks! Wow! that makes The Health Care Mandate  and the cuts in Medicare Advantage  (which is used for prescriptions mostly :)) so much more palatable and makes me want to vote for a Democrat so they can continue to pork people without regard to the consequences!

I guess they could always cut food stamps again to pay for it…. 🙂

So The democrats want to demagogue the rich, pay off their apparatchiks with your money and bribe people to vote for them in November.

Well at least some things haven’t changed in the swamp. 🙂

Behind the Times

The Obama administration, headed up by a liberal dogma that has been trying to create it’s socialist utopia since Woodrow Wilson is not going to give up it’s sole dream of controlling everyone and everything ‘for their own good’ and “fairness”.

But it is curious that the Europeans who already went down this road in large part are starting to go back in our former direction.

It’s kind of like driving towards a massive accident and seeing people coming back from it bloodied and hurt, but you decide it can’t happen to me so you keep going anyhow.

That’s National Health Care now nearly 5 months after it was crammed down the throats of the American public in the single most partisan vote in memory.

Damn The Torpedoes! Full Steam ahead!

LONDON — Perhaps the only consistent thing about Britain’s socialized health care system is that it is in a perpetual state of flux, its structure constantly changing as governments search for the elusive formula that will deliver the best care for the cheapest price while costs and demand escalate.

Even as the new coalition government said it would make enormous cuts in the public sector, it initially promised to leave health care alone. But in one of its most surprising moves so far, it has done the opposite, proposing what would be the most radical reorganization of the National Health Service, as the system is called, since its inception in 1948.

Practical details of the plan are still sketchy. But its aim is clear: to shift control of England’s $160 billion annual health budget from a centralized bureaucracy to doctors at the local level. Under the plan, $100 billion to $125 billion a year would be meted out to general practitioners, who would use the money to buy services from hospitals and other health care providers.

The plan would also shrink the bureaucratic apparatus, in keeping with the government’s goal to effect $30 billion in “efficiency savings” in the health budget by 2014 and to reduce administrative costs by 45 percent. Tens of thousands of jobs would be lost because layers of bureaucracy would be abolished. (London Times)

So like the G20 Summit where “austerity” was the watchword by the Europeans and Obama stood there stamping his foot demanding people spend even more.

Not only are the Democrats and their dream out of date they are out of step even with the people they still want to dance with.

They wanted to be them.

Now it’s too late.

But that won’t stop them, of course.

Zealots who have been waiting 80 years+ for this will not be so easily deterred.

But the effects of this are beginning.

MANDEVILLE, La.—Mark Baumann, a 44-year-old uninsured diabetic, sees in the Obama administration’s health-care law a future with stable coverage to pay for his insulin shots and blood tests.

That’s likely to come indirectly at the expense of his mother’s generous health-care plan.

Humana Inc., Mary Baumann’s insurer, intends to pare her “Medicare Advantage” plan to make up for the smaller government payments it will soon receive as a result of the new law, leaving her with higher costs or fewer services. On the table are beefed-up co-payments and premiums, as well as the loss of perks such as her free membership at a health club.

Most Americans know the overhaul is designed to cover the uninsured, a decades-long goal of Democrats. But it also represents a change in how the government spreads its social safety net underneath Americans. Already, it’s creating tensions that are a harbinger of debates to come.

Since the creation of Social Security and Medicare, younger workers have funded programs for the elderly. It’s a compact in which workers paid for retirees with the understanding that they’d be looked after by the generation behind them.

The health overhaul diverges by tapping a program for the elderly to help provide insurance to 32 million Americans of younger generations. Nearly half the funding for the law is supposed to come from paying lower fees to hospitals, insurers and other health-care providers that participate in Medicare, the federal insurance program for Americans age 65 and older, as well as younger disabled people.

The 44 million Americans on Medicare won’t see changes to their guaranteed benefits under the law. But of those, 11.3 million on Medicare Advantage plans, a public-private hybrid of the type used by Ms. Baumann, who is 79, are likely to begin seeing extra benefits go away as soon as next year. Medicare Advantage cuts are slated to pay for 15% of the health-care law’s tab.

The trims mark the leading edge of a spending shift that could broaden as lawmakers grapple with a deficit expected to hit $1.47 trillion this year. Left unchanged, Medicare and Social Security will consume half of all federal spending by 2035, up from about one third today, according to the Congressional Budget Office.

And remember, by recess appointment an NHS-loving administrator is the head of Medicare.

And if, as predicted by many, including me, that private health insurance is driven completely to extinction then you’ll have health cost also in that GDP soup and with already half the people in this country not paying any taxes it does very bleak.

But at least it’s “fair”. 🙂

And, of course, the solution that will be published after the election by Obama’s “deficit commission” is a forgone conclusion, The VAT TAX and other taxes.

Then came Financial “reform” where one of the biggest cause of the problem, just like in Health Care (Trial Lawyers anyone?), were ignored because of partisan politics — Fannie Mae and Freddie Mac.

And then with the massive tax increases, even on the poor, slated for Jan 1,2011 you have the perfect storm.

But the Democrats will not change course. You know that. I know now that. They know that.

Damn the Torpedoes! Full Steam ahead!

They don’t care how many European train wrecks occur.

It’s their time and they will do it anyhow!

For “fairness” and “equality” and “social justice”! 🙂

Meanwhile, the rationing the Democrats say will not happen here are happening in their beloved NHS, acocrding to the  liberal Sun Telegraph newspaper:

Some of the most common operations — including hip replacements and cataract surgery — will be rationed as part of attempts to save billions of pounds, despite government promises that front-line services would be protected.

Patients’ groups have described the measures as “astonishingly brutal”.

An investigation by The Sunday Telegraph has uncovered widespread cuts planned across the NHS, many of which have already been agreed by senior health service officials. They include:

* Restrictions on some of the most basic and common operations, including hip and knee replacements, cataract surgery and orthodontic procedures.

* Plans to cut hundreds of thousands of pounds from budgets for the terminally ill, with dying cancer patients to be told to manage their own symptoms if their condition worsens at evenings or weekends.

* The closure of nursing homes for the elderly.

* A reduction in acute hospital beds, including those for the mentally ill, with targets to discourage GPs from sending patients to hospitals and reduce the number of people using accident and emergency departments.

* Tighter rationing of NHS funding for IVF treatment, and for surgery for obesity.

* Thousands of job losses at NHS hospitals, including 500 staff to go at a trust where cancer patients recently suffered delays in diagnosis and treatment because of staff shortages.

* Cost-cutting programmes in paediatric and maternity services, care of the elderly and services that provide respite breaks to long-term carers.

And now back to US…

We badly need to, over time and very gradually, reallocate resources from the elderly to younger families and their children,” said Isabel Sawhill, senior fellow at the liberal-leaning Brookings Institution.

“I’m sure that some of those additional benefits have been nice,” Nancy-Ann DeParle, who runs the White House’s Office of Health Reform, says of Medicare Advantage plans. “But I think what we have to look at here is what’s fair and what’s important for the strength of the Medicare program long term.”

Sun Telegraph: The Government has promised to protect the overall budget of the NHS, which will continue to receive above-inflation increases, but said the service must make “efficiency savings” of up to £20 billion by 2014, which would be diverted back to the front line.

Brother from another socialist mother? 🙂

Dr Peter Carter, the head of the Royal College of Nursing, said he was “incredibly worried” about the disclosures.

Dr Carter said: “Andrew Lansley keeps saying that the Government will protect the front line from cuts – but the reality appears to be quite the opposite. We are seeing trusts making job cuts even when they have already admitted to being short staffed.

Trust boards are the ones who make the health care calls now.

Much like the National Coordinator of Health Information Technology  that was in the Stimulus Bill.

And we won’t even go over the Food Police again this time.

Sun Telegraph: On Thursday, the board of Sutton and Merton primary care trust (PCT) in London agreed more than £50 million of savings in two years. The plan included more than £400,000 to be saved by “reducing length of stay” in hospital for the terminally ill.

As well as sending more patients home to die, the paper said the savings would be made by admitting fewer terminally ill cancer patients to hospital because they were struggling to cope with symptoms such as pain. Instead, more patients would be given advice on “self management” of their condition.

Bill Gillespie, the trust’s chief executive, said patients would stay at home, or be discharged from hospital only if that was their choice, and would be given support in their homes.

The president told the {New York Times in 2008}magazine that the chronically ill and elderly represent 80 percent of American healthcare costs, and said, “(T)here is going to have to be a conversation that is guided by doctors, scientists, ethicists. And then there is going to have to be a very difficult democratic conversation that takes place.”

“And that’s part of why you have to have some independent group that can give you guidance,” he added.

That “independent group” turns out to be the government, now run by him. Funny how that worked out. 🙂

But the president questioned whether his now-deceased grandmother should have received her hip replacement while suffering a terminal illness.

Recounting the dilemma, Obama said, “(T)he question was, does she get hip replacement surgery even though she was fragile enough that they weren’t sure how long she would last (or) whether she could get through the surgery.”

“I think families all across America are going through decisions like that all the time,” Obama said.

This was not the first time the president had used his grandmother to illustrate his point on health care. In an April 2008 interview with The New York Times Magazine, Obama suggested much of the cost of health care in America comes from the elderly and those with chronic illness.

“That’s where you get into some very difficult moral issues,” Obama said – specifically considering whether “in the aggregate, society making those decisions to give my grandmother, or everybody else’s aging grandparents or parents, a hip replacement when they’re terminally ill is a sustainable model, is a very difficult question.”

This was BEFORE he became president mind you. But the Journo-List inspired Media was not going to let you dwell on it.

2009 Newsweek article on the “The Five biggest Lies in the Health Care Debate”:

What we can say is that there is de facto rationing under the current system, by both Medicare and private insurance. No plan covers everything, but coverage decisions “are now made in opaque ways by insurance companies,” says Dr. Donald Berwick of the Institute for Healthcare Improvement.

Donald Berwick? Where have I heard that name recently.

Oh yeah, he’s the guy who was appointed by Obama as Head of Medicare and Medicaid without Senate approval by a recess appointment and he’s an admitted lover of the NHS.

Gee, that couldn’t be a coincidence now could it? 🙂

The {Health Care} law will spend $938 billion over a decade, mostly to expand coverage to lower-income Americans. To finance that, there will be $455 billion coming from cuts in government payments to health-care providers that serve patients on Medicare and two other federal programs. The hardest hit—to the tune of $136 billion—will be private insurance companies that run Medicare Advantage plans.

The payment cuts to Medicare Advantage begin in 2012.

“With the president being younger, my biggest concern is that we don’t mean anything,” said Sandy Reed, a 61-year-old who has a Medicare Advantage plan because she qualifies as disabled. “We’re disposable.”

‘Death Panels’ indeed…

And it has come out on the Daily Caller in their further investigation of the Journo-List scandal that the Mainstream media were in full bore mode of destruction when Gov. Palin was announced as McCain’s running mate.

All that savagery was plotted out.

So what you do when your opponent speaks the truth to power, destroy her.

So that’s why the ‘death panels’ comment was so widely and uniformly from left mocked, dismissed and discredited.

To this very day she is the most hated woman in America by the Left.

Most of the rest will be funded by new levies, including taxes on health-care companies, a higher Medicare payroll tax for wealthy Americans and a tax on high-value insurance plans. Critics of the law say its total cost is likely higher than advertised.

But it’s not like the Democrats actually care.

Their one and only shot at injecting their socialist cancer, that they’ve been waiting since their grandparents time in many cases, is all that matters.

Those who don’t learn from history are doomed to repeat it.

But at least it’s “fair”. 🙂

Here’s Your “Hope and Change”

But first, see this video by Gov. Brewer on the Obama Administration response to her meeting with them:

http://www.youtube.com/watch?v=remz27VJjH4

President Obama at the G20, where the European Socialists told him to piss off about more spending.

President Obama on controlling the debt: “Somehow people say, why are you doing that, I’m not sure that’s good politics. I’m doing it because I said I was going to do it and I think it’s the right thing to do. People should learn that lesson about me because next year when I start presenting some very difficult choices to the country, I hope some of these folks who are hollering about deficits and debt step-up because I’m calling their bluff. We’ll see how much of that, how much of the political arguments that they’re making right now are real and how much of it was just politics.”

So Hope and Change is now Fear & Threat. 🙂

“Yes He Can”

But what’s really telling also is the statement that I’m doing it because I said I would. And he did say he would.

But the Mainstream Media/Ministry of Truth shouted down anyone who dared to challenge him on it in the campaign.

You were a “racist” a “moron”, an “idiot”, etc.

Now, he’s run up the debt to the point of countrywide bankruptcy and now just wait, in 6 months, the hard work begins!

OOOOOHHHH!!! Scary!

Likely by then he’ll have a Republican Congress that he claim it all on.

But that’s next year.

He still has to pass Cap & Trade and Amnesty if he can before that.

The government already owns Health Care, slowly but surely, that starts accelerating next year too.

As do all the new tax increase, which, what do you bet the Liberals and the Media will blame that on the Republicans.

I’m Mr. Tough Guy! 🙂

Alinsky Rules for Radicals Rule 4: Make opponents live up to their own book of rules. “You can kill them with this, for they can no more obey their own rules than the Christian church can live up to Christianity.”

He’s well aware of the political price and he wants the Republicans to take the blame for it.

And he wants your anger at the Democrats to make it so.

Perverse isn’t it?

Which means we do it in spades and then we pass the tax cuts, the pro-growth measures and it works and then He can try and run on it’s success in 2012 but the Democrats will be left out in the cold. It’s not like their leftist base will be smart enough to “get it”.

They’ve been waiting generations for this guy.

So he’s going to make “tough decisions” next year. What about the last 18th months?

He’s going to wait 2 years to make “tough decisions”??

I Guess 3 Stimulus, 18 months of Unemployment spending, Taking over GM,Chrysler,AIG,Banks, Health Care, and now Wall Street and Private Businesses was the easy part. 🙂

Making you pay for it, that’s the “tough decision”.

But since it’s likely to be a Republican Congress that will have to pull the trigger, it will be their fault.

It was their fault he had to everything he has done. So trying to undue it must therefore be their fault too!! 🙂

because if they were hard choices why doesn’t he make them now?

Oh, right this Congress wouldn’t dare.

Alinsky Rules for Radicals Rule 4: Make opponents live up to their own book of rules. “You can kill them with this, for they can no more obey their own rules than the Christian church can live up to Christianity.”

The Ministry of Truth will surely pound them them 24/7 so hard it will be the only thing they talk about for the next 2 years.

The 2012 campaign continues. (It never stopped).

But all those who want wanted “Hope & Change”, got “Despair and Socialist Change”.

Now you get “Fear and Change”.

Obama has proposed freezing spending on an array of domestic programs for the next three years and has named a special commission to recommend ways to curb spiraling debt and deficits. The panel is to report back by December 1. Obama will review the recommendations and decide how to go forward sometime early next year.

So when the “commission” recommends massive tax hikes and crushing regulations his hands will be clean and he’ll just do what they advised.

But it won’t come out until AFTER the election.

And this was the stated reason for the Democrats not passing a Budget.

“We’ve got to look at a tax system that is messy and unfair in a whole range of ways,” Obama said. (reuters)

Aka, screw the rich.

After all nearly 50% of the people don’t pay any taxes, so he has to hit the ones who do even harder.

“A strong and durable recovery also requires countries not having an undue advantage,” he said. “As I told (Chinese) President Hu Jintao yesterday, the United States welcomes China’s decision to allow its currency to appreciate in response to market forces. We will be watching very closely in the months ahead.”

Everyone is equal. None is better than anyone else.

Sound familiar?

Leaders of 20 major industrial and developing countries generally sided with cutting spending and raising taxes, despite warnings from President Barack Obama that too much austerity too quickly could choke off the global recovery.

“Serious challenges remain,” they cautioned in a closing statement. “While growth is returning, the recovery is uneven and fragile, unemployment in many countries remains at unacceptable levels, and the social impact of the crisis is still widely felt,” according to the document from the Group of 20 major industrial and developing nations.

Obama told a news conference he was satisfied with the outcome, saying he recognized that countries had to proceed at their own pace in either emphasizing growth or budget austerity.

“We can’t all rush to the exits at the same time,” Obama said after three days of economic summitry.

Boy, don’t you wish you could show him the exit sooner! 🙂