Budget Busting

The Congressional Budget Office (CBO) dealt the Obama administration yet another reality check when scrutinizing the President’s FY2015 budget proposal. The Budget offered by the President does nothing more than increases our debt and deficits without any substantive reforms to the main drivers of spending.

In what has turned into a regular occurrence, the President will offer a policy with populist appeal — such as increasing the minimum wage – only to have the negative impacts of the proposal exposed by non-partisan analysis from those outside the West Wing.

CBO’s latest report on the President’s budget points out the mathematical reality: This is not a serious attempt to fix the nation’s finances.

Remember when the CBO was the Darling of the Left because they fed them garbage about ObamaCare and got garbage out and they were all happy…Well, I bet this will unfriend them…:)

Deficits

“CBO estimates that the federal deficit would total $492 billion in 2014 and that the cumulative deficit over the 2015-2024 period would amount to $7.6 trillion.”

Debt

“Federal debt held by the public would increase from $12.8 trillion, or 74 percent of GDP, at the end of 2014 to $19.9 trillion at the end of 2024.” Overall debt in the country will soon approach $20 trillion, adding to our already crushing debt burden. This will continue to exacerbate adverse effects on the economy.  According to a CBO report published earlier this year, economic growth is projected to slow to 2 percent by 2017.

Mandatory Spending

“All of the proposed policies affecting Medicare other than freezing payment rates for physicians would reduce outlays by a total of $373 billion over 10 years.”  NOTE: Medicare and Social Security have a combined unfunded liability of $30.3 trillion according to the National Center for Policy Analysis.

Discretionary Spending

“Over the 2015-2024 period, the President’s proposals other than those involving the reclassification of transportation programs and the phasing down of funding for overseas contingency operations would boost spending for discretionary programs by $433 billion.

Bottom Line: The President’s budget fails the most basic test in trying to get our country back on a fiscally sustainable path. He increases spending across his budget while offering no real reforms to the real drivers of the country’s debt i.e. Medicare, Medicaid, and Social Security.

Instead of even starting a conversation about the country’s spending problems the President makes things worse with this irresponsible budget – a budget that will leave American taxpayers drowning in red ink for years to come. (AFP)

“If anyone was hoping for a serious budget that did more than increase Washington spending and find new ways to tax job creators, it sure sounds like they’ll be disappointed,” said Don Stewart, a spokesman for Senate Minority Leader Mitch McConnell (R., Ky.).(WSJ)

Like Democrats know how do anything else.

As for “bi-partisan compromise”? Well, the Democrats put out some bait. Then they said you have to raise taxes to take the bait. If you don’t take the bait we’ll bash you for “doing nothing” and if you do we’ll bash you for raising taxes. We win!

Now that’s “Bi-Partisan” 🙂

The following is a statement from Brian H. Graff, Executive Director/CEO of the American Society of Pension Professionals & Actuaries (ASPPA) in response to the proposed fiscal year 2015 budget President Barack Obama released today:

“Unfortunately, this year’s budget proposal includes the same wrong-headed attacks on employer-sponsored retirement plans as last year. The double tax on contributions to 401(k) plans and the misguided $3 million cap on the value of retirement benefits do not close any loopholes or curb any abuse. They punish small business owners who sponsor retirement plans for themselves and their employees. It is disappointing that an administration that claims to be concerned about giving more American workers access to retirement savings would discourage small business owners from maintaining the 401(k) plans they have now.

Under the “double taxation” budget proposal, small business owners earning more than $250,000 would have to pay tax on contributions in the year the contributions are made, and then pay tax at the full rate when contributions are distributed at retirement. This amounts to a penalty for saving through a 401(k) plan. Who could blame a small business owner for thinking that if the government is going to penalize them for saving in a retirement plan, maybe they should not have that plan?

In addition, if a small business owner has saved $3 million in his or her 401(k) account, or has a pension from another plan and a modest amount in their 401(k) or IRA, they won’t be allowed to save any more. Without any further incentive to keep the plan, many small business owners will now either shut down the plan or reduce contributions for workers. This means that employees of small businesses will now lose out not only on the opportunity to save at work, but also on contributions the owner would have made on their behalf to pass nondiscrimination rules.

The proposed retirement savings cap in the president’s budget is not closing a loophole and is not correcting some perceived abuse of the rules. There are already caps on contributions and a cap on the pay that can be used to calculate benefits. This proposed cap would basically punish savers for starting to save for retirement when they are young or investing “too successfully.” EBRI estimates that even at current low interest rates, 1 in 10 current 401(k) participants will likely hit the cap if they continue to save in a 401(k) plan until retirement. Since the cap shrinks as interest rates increase, while account balances will grow faster, the higher interest rates climb, the more savers will end up being affected by the cap.

We think it is grossly unfair that this proposal would limit a small business owner to retirement benefits that are nowhere near as valuable as executives’ at large corporations. Small business can’t use the nonqualified deferred compensation arrangements that provide millions – even billions – of dollars in retirement benefits to big corporate executives. Every time retirement plan limits are cut, the corporate CEOs get more nonqualified retirement benefits. It’s the small business owners and their employees who lose out, and that just isn’t fair.

President Obama’s own pension, based on reasonable actuarial assumptions, is worth at least $5 million. That’s 40% more than the small business retirement savings cap permitted under the president’s budget. Is the president saying his own pension is a loophole too? It’s simply wrong to attack small business owners who have responsibly maintained retirement plans for themselves and their workers.”

Political Cartoons by Henry Payne

 

The Iceberg of Truth

From 1954 through 2012, the federal government shelled out a total of almost $72 trillion on all spending, combined. Over the same period, it collected revenues of under $56 trillion from all sources. The $16 trillion difference is today’s federal debt.

But this simple math hides the fact that the dollar in your pocket today doesn’t buy what the dollar in your grandfather’s pocket bought years ago. There is a sleight-of-hand to Washington’s method of dealing with long-term debt. Like every shell game, those who play will lose to those who make the rules.

And make no mistake, we are all playing by Washington’s rules.

See for yourself: Inflation Calculator

$1 in 1954 now cost $8.56.

Just since Obama, it’s $1.07

And that 7% “tax” ,if you will, hits the poor just as much as anyone else. Just don’t try to explain that (as I have) to the low-information, unenlightened narcissistic “general public” who don’t understand even this most basic of concepts.

The Debt in 1954: $271,259,599,108.46

By 2009 it was $10,000,000,000,000

The Debt Now:  $16,442,474,000,000.00

In 1960, the federal government spent $1.6 billion more than it collected in taxes. Given the deficits we run up these days, $1.6 billion seems almost laughable. Today, Washington blows through that much money in the length of time it takes to sit through a screening of “The Hobbit.”

In 1960, though, you could buy six times more stuff for a dollar than you can buy today. That makes 1960’s $1.6 billion deficit equivalent to a $10 billion deficit today.

Which Congress blows through in 2 days!

So why is our money worth so much less, and why does it matter? After all, wages keep pace with inflation over time, so it’s a wash, right? Well … no, it isn’t. A cost of living wage hike protects the money you earn this year from this year’s inflation. It does nothing to protect money you earned last year and saved.

With inflation, the government pays back the number of dollars it borrowed, not the value of the dollars it borrowed. Inflation makes the dollars the government pays back worth less than the dollars it borrowed.

It’s like my borrowing your car for a year. Sure, I give you the car back at the end of the year, but because of mileage and wear-and-tear, the car I give back is less valuable than the car I borrowed. Inflation is to the dollar what mileage and wear-and-tear is to the car.

The Politicians Know

Were it not for inflation, the $16 trillion that the government owes would be more than $22 trillion. Where did the $6 trillion difference go? It came out of people’s pockets. The same inflation that reduces the value of the dollars the government owes also reduces the value of the dollars you own — your savings, the equity in your house, your retirement fund.

Sure, individual prices rise and fall over time, but that is not inflation. Inflation is the devaluing of existing dollars by the printing of more dollars — something politicians euphemistically call, “quantitative easing” and “lowering interest rates.”

And boy does Obama LOVE to do that!

Washington’s debt has gotten so far out of control that there are no politically viable cuts to make, nor enough rich people to tax in order to balance the budget.

The only thing left is for the government to print money to pay its bills. This is why the Federal Reserve has decided to keep long-term interest rates near 0% for the foreseeable future, and why observant people know that, unless Washington gets serious about cutting spending, we’re going to be in for some serious inflation.

Nonexistent interest rates and significant inflation are the only things that will allow the government to continue spending money it does not have. And the more irresponsible the government is with spending, the more inflation will erode away our savings. This is a matter of simple economics.

Unfortunately, Washington’s fiscal problem has grown so large that the answer now goes beyond simple economics. We must return government to its appropriate role as a referee in the marketplace, not a player. If we don’t do this, the laws of mathematics and the forces of economics will do it for us — and they won’t be gentle.

The Truth will hurt and hurt bad one day.

The sad thing is that the politicians all know as much. They just care more about the next election than they care about America’s long-term economic health. (IBD)

The drug addicts aren’t going to cut themselves off and they don’t want the wrath of those they’ve addicted vented on them either.

And the people who elected them are largely clueless narcissists who just want whatever they can take from others to be given to them because that’s “fair” and don’t really care what the consequences are.

Personal responsibility and personal self-reliance are archaic, quaint notions of the past.

So we’re the Titanic and the Iceberg of Truth is out there, it’s just a matter of when not if we hit it unless all the drug addicts do something they don’t want to do.

TRUTH!

Political Cartoons by Robert Ariail

Political Cartoons by Steve Kelley

 Political Cartoons by Bob Gorrell

Torturous Illogic

Vice President Joe Biden said Tuesday that his wife, as well as the wife of President Barack Obama, would have had “no chance” in life had it not been for government help. According to vice presidential pool reports:

Vice President Biden met with leaders from 10 colleges this afternoon to kick off a new effort to increase transparency in financial aid packages. …

“I know, literally, Barack and I talk about it. Neither one of us would have had any shot,” Biden said. “The same with our wives. Both wives are smarter than both of us. Literally, these very accomplished women would not have any chance without some help.” (free beacon)

What’s with the war on women, Mr. Vice President?

Plugs hits new levels of desperation when he’s trying to convince people they’ll have no chance of survival if his bloated government sacred cow is ever made to stop churning out Julias on a 24/7 basis. Biden’s like a big-government version of Kathy Bates in Misery reminding the hobbled James Caan, “If I die, you die” — and it’s all packaged under the guise of compassion.

Forget about just having a chance in life — the problem is that without a major course correction, it soon will be impossible to exist without government “help.” At that point Biden will be proven correct, and that’s a scary thought. (Michelle Malkin)

Speaking of Scary…

The new liberal spin (courtesy of Ed Schultz of MSNBC) that “money has entered the race” aka evil corporate money (it was never a factor before this moment-ever (Politifact says Unions gave- $206.7 million in 2008 alone)). The fact that he Unions have been pumping and pimped 100’s of millions of dollars EVERY year for decades into the process is completely missed by the sanctimonious liberals who are unhappy with the results in Wisconsin.

So the Liberal lost because evil corporate money and rich people bought the election. Class Warfare is everywhere because it is the very core of liberalism.

2010 NY Times: At over $5 million, the American Federation of State, County and Municipal Employees, a labor union, has been the biggest outside group spender on the Democratic side, followed closely by America’s Families First Action Fund, with about $4.8 million.

And gee what labor union was at the forefront in Wisconsin, AFSCME. Gee, no coincidence there! 🙂

They can’t possible have lost for any other reason than evil capitalists bought the election, after all buying elections is a Union job!!

From the White House: “While tonight’s outcome was not what we had hoped for – no one can dispute the strong message sent to Governor Walker. Hundreds of thousands of Wisconsinites from all walks of life took a stand against the politics of division and against the flood of secret and corporate money spent on behalf of Scott Walker…”

Love the “New Tone”. The “civility” is very evident.

But the funniest comment comes from our gal-pal DWS, Debbie Wasserman-Schultz:

Despite the disappointing outcome, #WIrecall effort sent Scott Walker a message that his brand of divisive politics is offensive & wrong.

(I’ll be right back. I have to bust several guts laughing….) 🙂

My 3 Part Series of Blogs in 2010 on the incestuous relationship: https://indyfromaz.wordpress.com/2010/09/27/incestuous-narcissism-part-1/

https://indyfromaz.wordpress.com/2010/09/28/incestuous-narcissism-part-2/

https://indyfromaz.wordpress.com/2010/09/29/incestuous-narcissism-part-3/

Update: Unions Lose again….In California?

The Granola State? (What isn’t fruits and nuts is flakes).

In San Diego and San Jose, voters overwhelmingly approved ballot initiatives designed to help balance ailing municipal budgets by cutting retirement benefits for city workers.

Around 70 percent of San Jose voters favored the pension measure, while 66 percent of San Diego residents supported a similar measure.

“This is really important to our taxpayers,” Mayor Chuck Reed of San Jose, said Tuesday night. “We’ll get control over these skyrocketing retirement costs and be able to provide the services they are paying for.” (NYT)

The smear & fear is to come as always. Liberals don’t know how to argue any other way.

Speaking of fear…

Protesters who picketed the restaurant last month disagreed. Madeline Bernstein, president of the local Society for the Prevention of Cruelty to Animals, said: “People are allowed to eat food, not allowed to torture it first.”

California is going to ban foie gras.

Foie gras (play /fwɑːˈɡrɑː/; French: [fwa ɡʁɑ]); French for “fat liver”) is a food product made of the liver of a duck or goose that has been specially fattened. This fattening is typically achieved through gavage (force-feeding corn), according to French law, though outside of France it is occasionally produced using natural feeding.

Gavage dates back 4600 years.

California’s only foie gras producer is Sonoma Artisan Foie Gras, Owner Guillermo Gonzalez told The Daily Telegraph: “Our farm is being forced to shut down at the end of June, and the most unfortunate fact is that science has not been given a chance to play a role in this debate.

“Ultimately, chefs’ and consumers’ freedom of choice is being taken away. Who knows what food product is next?”

The ban was originally drawn up by John Burton who was State Senate president in 2004 and is now the chairman of the California Democratic Party.

My beef (pun intended) is more with the Food Police than the dish. I have never had it. I am unlikely to have it, not my style of food.

So what’s next on the Vegan “torture” list. Since, “torture” to a liberal generally means anything they disagree with and it’s to be used to inflame the situation and cow-tow you to their way because you don’t want to be a “torturer” now do you. (Or “racist” or a “bigot” or “mean”, “unfair” etc).

So that burger you’re eating is not only unhealthy, but you are supporting “torture”!!

Think I’m kidding?

PeTA Asia-Pacific Website:

Everyone who eats animal products is responsible for the abuse and deaths of beings with lives and personalities of their own—beings who did not choose to be carved up and put on the dinner table.

Because eating meat is torture.

And of course…

Because eating meat just isn’t fair.

Where would a Liberal be without saying that everything they disagree with isn’t “fair”!

The suffering of humans and the suffering of other animals are interconnected. By alleviating the suffering of other animals, we also help alleviate human suffering.

Will Dairy farms be next? Was that Chicken I had for dinner last night “tortured” when it’s head was cut off? Was that Fish “tortured” when it was taken out of the water and effectively drowned in the air gasping until it was dead?

PeTa A-P: And let’s not forget about fish. Whether they’re hooked through the mouth, dragged out of the ocean in nets, or “harvested” from fish farms, fish and other marine animals feel pain and don’t deserve to die.

And of course, eating meat discriminates against the poor and is not Pro-Union:

In addition to exploiting poor people, immigrants, and children and doing little to protect workers from workplace hazards, the farmed-animal industry has also been charged with union busting. When workers try to unionize, the industry uses illegal intimidation and harassment tactics to ensure that pro-union employees are silenced. According to Human Rights Watch, “Many workers who try to form trade unions and bargain collectively are spied on, harassed, pressured, threatened, suspended, fired, deported or otherwise victimized for their exercise of the right to freedom of association.”

You evil little Nazi “torturer” you!!

Give a Liberal a millimeter they’ll take a light year.

More Liberal Love, Tolerance, Compassion and Sensitivity to go with their “New Tone”: (from twitchy-twitter feeds)

KILL SCOTT WALKER KILL SCOTT WALKER KILL SCOTT WALKER KILL SCOTT WALKER KILL SCOTT WALKER KILL SCOTT WALKER! Ole Bitch Ass Pig Ass Nigga!!!!

They gone JFK Scott Walker. Shoot his mfn head off BANG BANG!!! *chief keef voice* 🏃🔫—
ERIN M. (@DONTTouchTheFRO) June 06, 2012

Please somebody kill Scott Walker.—
  (@Prototypeisgame) June 06, 2012

Before I die, I’d like to kick Scott Walker in the balls @theburiedlife

Oh Yeah, Somebody Gone Shoot Scott Walker White Ass.—

NBS I Know What School Scott Walker Son Go To—
Tj Fucked Yo Bitch (@iWusGetnSumHead) June 06, 2012

Can’t you just feel the Love!

It’s only “fair” that they get everything they want when they want and because they want it and you can’t take it away from them…Ever! 🙂

MINE! MINE! MINE!

ME! ME! ME!

It’s only Logical. 🙂

Michael Ramirez Cartoon

 

The Clock is Ticking

Remember the fantasies of dumping 30 million uninsured into the market and that demand was going to make the price cheaper?

Remember when it would save you $2500 a year?

Remember when you’ll be able to keep the insurance you have now?

Remember the sweet lies, and the not so sweet ones?

McKinsey & Co., the high profile global business consulting firm, surveyed 1300 businesses and found that “30 percent of employers will definitely or probably stop offering [employer-sponsored insurance] in the years after 2014.”  

That’s the year that the full impact of ObamaCare is scheduled to kick in. Several other surveys have reached similar conclusions.  

Another study found that among businesses with a “high awareness” of what ObamaCare is all about, more than half are planning to drop health care insurance benefits for their workers.  

The result spells death to private insurance and life to nationalized healthcare just as conservatives predicted.

ObamaCare requires employers with more than 50 employees to provide insurance for their employees or face a $2000 fine.  

Many employers are quick to conclude that they are better off to pay the fine than the escalating premium costs.  

AT&T calculated that dropping coverage and paying the penalty will save them $1.8 billion annually.  

That makes the decision pretty obvious. 

Millions of the workers cut loose will be forced to shop within the government blessed “exchanges” – and will be eligible based on income levels for generous taxpayer funded premium subsidies.  

Democrats know how to buy votes with taxpayer’s money – or even worse, with debt.  ObamaCare makes subsidies available up to 400% of poverty level income.  

The phony budget projections used to sell ObamaCare were based on just 2.5 percent of workers with current employer provided plans to switch – not 30 or even 50 percent!  

The real resulting impact to the federal treasury will be in the trillions according to former budget officials Douglas Holtz-Eakin and James Capretta.

That’s another big budget buster that Obama and the Democrats kept hidden behind the curtain when they rammed the bill through Congress.

The end of employer provided health insurance benefits and consolidation into government controlled programs is a big step toward government controlled single-payer health care which has long been the not-so-subtle objective all along.  

Never mind that the we’ll be bankrupt when we get there.

Consider this true statistic: EVERY 7.2 seconds a baby boomer retires and is expecting to get his or her pot of government gold FOR THE NEXT 18 YEARS!

If you have a child of less than 18 years that means when they grow up to be old enough to pay into the system the system will have long been broken and shredded by the sheer weight of their parents and grandparents.

And anyone outside 20 years of it is screwed.

That’s not politics. That’s just sheer numbers.

Unless we change the whole dynamic.

But that would be “throwing grandma off a cliff” you say?

Well, then I guess we’ll just have to crush her to death with a mountain of debt and unsustainable “benefits” and take every generation after them with them.

But at least they got theirs. Screw everyone else!

So go ahead, play politics. The clock is ticking…

 

Social Security Foreclosure

Ever time you propose making changes in the “third rail” of politics, the entitlements,  that are destroying the country you get the hysterical Left going ape crazy.

Grandma will be homeless. Children will be starving in the streets… We’ll be African children with bones for bellies in seconds, ad nauseum.

We’ll get “specials” on how this person or that person will die because of heartless and cruel politicians.

The Liberal Media and the Left won’t bother to mention that THEY MADE THEM DEPENDENT in the first place.

Or that the whole thing is far beyond broken now.

REALITY CHECK (No Liberal will apply)

 

Sick and getting sicker, Social Security will run at a deficit this year and keep on running in the red until its trust funds are drained by about 2037, congressional budget experts said Wednesday in bleaker-than-previous estimates.

The baby boomers who used to pull the wagon are starting to ride it. Now the Horses want the cart to pull them!!!

The problem with kicking the can down the road is that eventually, you run out of road. Social Security’s insolvency has been staring us in the face for a long time as politicians whistled past its fiscal graveyard. Now, with baby boomers retiring in a jobless recovery, the end is not near, it’s here.

The massive retirement program has been suffering from the effects of the struggling economy for several years. It first went into deficit last year but had been projected to post surpluses for a few more years before permanently slipping into the red in 2016

This year alone, Social Security will pay out $45 billion more in retirement, disability and survivors’ benefits than it collects in payroll taxes, the nonpartisan Congressional Budget Office said. That figure nearly triples – to $130 billion – when the new one-year cut in payroll taxes is included.

Congress has promised to replenish any lost revenue from the tax cut, but that’s hardly good news, either, adding to the federal budget deficit. In another sobering estimate, the congressional office said government red ink this year will increase to $1.5 trillion, the most in U.S. history.

More than 54 million Americans receive Social Security benefits, averaging $1,076 per month.

By 2037, if nothing is done, Social Security would collect enough in payroll taxes to pay out only about 78% of promised benefits, according to the Social Security Administration.

So you pay in a dollar and you get .78 cents back, maybe. And it will get worse from there.

After all, Medicare and ObamaCare may have swallowed us all whole by then anyhow.

The outlook for the program has grown more sour as the nation has struggled to recover from the worst economic crisis since Social Security was enacted, during the Great Depression. In the short term, Social Security is suffering from the weak economy that has payroll taxes lagging and applications for benefits rising. In the long term, Social Security will be strained by the growing number of baby boomers retiring and applying for benefits.

The projected deficits add a sense of urgency to efforts to improve Social Security’s finances. For much of the past 30 years, the program has run big surpluses, which the government has borrowed to spend on other programs. Now that Social Security is running deficits, the federal government will have to find money elsewhere to help pay for benefits.

“So long as Social Security was running surpluses, policymakers could put off the need to fix the program,” said Andrew Biggs, a former deputy commissioner at the Social Security Administration who is now a resident scholar at the American Enterprise Institute. “Now that the system is running deficits, it simply becomes clear that we need to act on Social Security reform.”

President Barack Obama said in his State of the Union address Tuesday night that he wanted “a bipartisan solution to strengthen Social Security for future generations.”

The president however has not embraced recommendations from a debt commission he appointed last year, including one that would gradually increase the full retirement age, from 67 to 69, over the next 65 years.

But Obama did lay down some markers for making Social Security closer to solvent.

“We must do it without putting at risk current retirees, the most vulnerable, or people with disabilities, without slashing benefits for future generations and without subjecting Americans’ guaranteed retirement income to the whims of the stock market,” Obama said.

The program has been supported by a 6.2 percent payroll tax, paid by both workers and employers. In December, Congress passed a one-year tax cut for workers, to 4.2 percent. The lost revenue is to be repaid to Social Security from general revenue funds, meaning it will add to the growing national debt.

Social Security has built up a $2.5 trillion surplus since the retirement program was last overhauled in the 1980s. Benefits will be safe until that money runs out. That is projected to happen in 2037 – unless Congress acts in the meantime. At that point, Social Security would collect enough in payroll taxes to pay out about 78 percent of benefits, according to the Social Security Administration.

The $2.5 trillion surplus, however, has been borrowed over the years by the federal government and spent on other programs. In return, the Treasury Department has issued bonds to Social Security, guaranteeing repayment, with interest.

“Social Security taxes are not going to pay for the spending, so it’s got to come from somewhere else,” said Eugene Steuerle, a former Treasury official who is now a fellow at the Urban Institute. “We can go through long arguments about whether its owed money by the trust funds or not, but that doesn’t alleviate the simple fact that it’s got to come from somewhere.”

Social Security supporters are adamant that the program will be repaid, just as the U.S. government repays others who invest in U.S. Treasury bonds.

“Its’ an IOU that is backed by Treasury bonds and the faith and credit of the United States government,” said Sen. Bernie Sanders, I-Vt. “It is the same faith and credit that enables us to borrow from rich people and from China and from other countries. As you well know, in the history of this country, the United States has never defaulted on one penny owed to a creditor.” (AP)

Sen. Sanders is an avowed Socialist by his own admission. So I take that he’s assurances with a grain of salt.

How about using that full faith and credit to support a plan to wean us off this Ponzi scheme and let younger workers invest their own money in a retirement account with their name on it and real money in it, a real asset that can be used for retirement and passed on to the next generation as an inheritance? (IBD)

But that’s too much responsibility and capitalism for the totalitarian and socialist Left.

No, they wanted to create a Guaranteed Retirement Account (aka raid all our 401ks to make yet another ponzi scheme to cover up the problems of THIS ponzi scheme).

Rep. Paul Ryan’s “roadmap” would let workers 55 and younger invest about a third of their Social Security tax into private accounts similar to the Thrift Savings Plan available to members of Congress. It would include modest adjustments in benefit growth for higher-income Americans and gradual increases in the retirement age to reflect changes in life expectancy.

The nonpartisan Office of the Chief Actuary for the Social Security Administration recently released its official score of the Social Security provisions of “A Roadmap for America’s Future.” They found Ryan’s plan would pay off the long-run actuarial deficit in Social Security while guaranteeing current and future retirees their full promised benefits.

It would also have the benefit of keeping the money in the private sector, where it couldn’t be spent on turtle tunnels but would be available for things like mortgage loans and investment capital for economic and job growth

But he’s an EVIL House Republican so he must a spawn of Satan out to drag grandma into the streets and starve your children and kick your dog all for the benefit of fat-cat millionaires!!!! Bwah ha ha ha ha ha ha!!! <<insert maniacal laughter>>

Or so the Left will cry and fiddle while Rome burns…

Political Cartoon


I Want Your Money

The Fraternal Order of Police in Camden New Jersey proved without a shadow of a doubt, public union willingness to toss fellow officers to the dogs. In a 300-1 vote, the union rejected an offer that that would have saved 100 jobs. That offer called for three days a month of unpaid furloughs for patrol officers for six months, then one furlough day in each of the following 12 months.

Please consider Camden police union rejects concession deal that could bring back 100 laid-off officers.
Altogether, more than 15 percent of Camden’s municipal workers, including 68 firefighters and about 100 civilians, were laid off as the city tries to fill a huge budget gap brought on by rising costs, decreased tax revenues and diminished aid from the state.
But screw that, we just want the money and even more jobs is not enough for this Union.
CalPERS (the California Public Employee Retirement System) and CalSTRS (the California State Teachers Retirement System).  CalPERS has over 9,000 employees receiving $100k or more in pensions; CalSTRS has over 3,000.
And they can retire at 50. and take ANOTHER JOB!

Lines are being drawn and the fight to reduce overly generous pay and benefits to government employees at the federal, state, and local level is underway. Not too surprisingly, public employee unions are gearing up, rallying government employees, and exerting pressure to maintain the generous pay and benefits that has loaded government with unsustainable debt. Public employee unions are, even now, pressing the Obama Administration for additional benefits and power.

President Obama, either unwilling, or perhaps unable, to bring long-overdue accountability to powerful public employee unions, has instead issued guidance requiring greater Union representation and input into federal agency decision making. Obama’s decision will likely embolden union bosses to think they can escape accountability and an honest review of benefits, salary, and pensions of government employees.

Perhaps it is time to send a different message. President Obama, like many Americans, is probably unaware that the federal government actually subsidizes federal government employee union operations. In fact, the federal government provides unions with free office space, pays for union member time and picks up travel and per diem costs. These “perks” represent a tax that has never been approved by American taxpayers–perks which operate at a level below the radar of Congress and well below the radar of the IRS. These hidden “perks” provided to government employee unions cost American taxpayers millions of dollars annually.

According to official data, federal employees currently spend some 2.9 million official work hours, at government expense, engaging in collective bargaining and union activities, representing a taxpayer cost of approximately $120 million. But the taxpayer costs and subsidizes to public employee unions is much higher than the official report because government does not account for all the expenses related to union activity.

Federal government unions are, in essence, running a business within the federal government. As we begin the debate over the proper role (if any) unions should have in government, one step Americans should all be able to agree upon is that taxpayer money should not be used to subsidize union activities.

Many Americans may be unaware that unions exist in every federal agency. In fact, most agencies have several unions competing for employee participation and funding which means that federal agencies are subsidizing the costs for several unions at the same time!

These federal agency union representatives have a large presence in Washington, DC, the seat of the federal government. But, most federal locations throughout the United States also have a union representative. So, for example, in a city, such as Kansas City, where the federal complex houses multiple government agencies, there will be multiple federal union representatives, from each federal union, within each federal agency, all at the same building location.

Why is this important?

Federal government union representatives are actually federal employees. They hold GS ranks and civil service status, and actually have federal jobs that they were employed to perform. Their union duties are, supposedly, performed over and above the requirements of their regular day job. However, because of the pernicious and growing power of federal unions, oftentimes, union duties often are performed in lieu of their job. Paid time off from regular government duties is allowed, in most federal agencies, for the union representative to solicit federal employees (i.e. market services), to attend union meetings (i.e. work for an entity other than their government employer) or travel to have “face time” with their union bosses in DC. All at taxpayer expense.

In addition, union representatives often request and are provided with office space that is more expansive than is warranted by their GS rank or than their federal job duties require. The cost of this additional square footage is also paid for by the American taxpayer, and is paid for at each federal agency, for each federal union representative, for each federal union. Federal government union representatives total thousands of federal employees, all billing their time, travel and per diem, for non-government related work, to the American taxpayer.

Perhaps an even bigger problem is that the federal government union representatives sometimes seem to operate under the mistaken belief that they were hired by the government to work for the union—and that union work is more important than the federal job they were hired to perform.

Unions seem, at best, indifferent to the performance of government and are exclusively concerned with pay and benefits of union workers. Therein lies another irony for the American taxpayer. Unions are organized to negotiate against employers, but, since the federal government is the employer, and since the American people pay for the federal government, then, technically, federal government employee unions might be construed as organizing against the American people.

It is time to bring some accountability to public employee unions. A good first step would be for Congress to get a grip on the proliferation of benefits for unions in the federal government, whose activities are an additional burden on federal taxpayers. Congress should change federal policies on payment of travel, per diem and office space for federal government union employees.

Better yet, perhaps President Obama should take the lead.

But he won’t. He’s too much of a kool-aid drinking Union guy, plus the Democrats are beholden to them like no other group.

The next closest influence are Trial Lawyers, and guess where they fit in – Health Care.

Gee, what a coincidence!

That memo being (in part):

Federal managers should seek employee input before major decisions are made, not after solutions are developed, according to a memo from Obama administration officials.

In a meeting on Wednesday with federal management and labor representatives, Office of Personnel Management Director John Berry and Office of Management and Budget Deputy Director for Management Jeff Zients reminded agency leaders to improve dialogue with employees by involving them before making final decisions. Managers should engage unions early in decision-making processes, as outlined in President Obama’s December 2009 executive order, said the memo.

Executive Order 13522 creates labor-management partnerships governmentwide and on the agency level. The order also requires the National Council on Federal Labor-Management Relations to launch pilot programs that will test bargaining over issues not normally negotiable by law in a small group of agencies and directs management to include pre-decisional involvement “in all workplace matters to the fullest extent practicable.” (Government executive.com)

In other words, Unions should be consulted before management makes any decisions. Making them, in effect, Managers.

Do you get that level of input at your job?

I know I don’t.

But Unions are special. They are the protected class in Liberal ideology.

They fight against the evil Corporations!

And they are killing us all.

“Ultimately, the goal is to allow employees, through their elected labor representatives, to have meaningful input, which results in better quality decision-making, more support for decisions, and timelier implementation,” the memo stated.

If you kiss our butt we won’t go on strike or we won’t work to destroy you. Sounds rather Mafia like doesn’t it?

The union idea of civil discourse is to protest outside opponents’ private homes. Now union supporters are targeting a developer , with fliers showing a bull’s-eye and his home address. Cue the chirping crickets. That will be the soundtrack for mainstream media reaction to the latest example of thuggery perpetrated by Wal-Mart opponents who are not happy that the non-union retailer wants to build a Wal-Mart-anchored development on the site of an abandoned Chevy dealership in Washington, D.C. The development would employ up to 1,200 people in a city with 10.2% unemployment.

A group calling itself Wal-Mart Free DC is organizing a protest, not at one of the proposed sites or at Wal-Mart headquarters, but at the private home of the developer. A flier produced by the group gives his name and home address and invites protesters to assemble on his front lawn. Oh, yes: There’s a smiley face centered on some cross hairs on the flier.

The group claims no formal union affiliation, yet prominently displayed on the group’s website are links to sites such as WalMartWatch funded by Service Employees International Union and United Commercial and Food Workers International Union. Certainly they are employing the thuggish tactics used before by the purple shirts of SEIU.

Last May, a frightened teenager was trapped inside his home as a mob of about 500 bussed in by SEIU demonstrated and chanted on his front lawn in an effort to intimidate his father, a deputy general counsel with Bank of America. Fortune magazine’s Nina Easton was a neighbor and provided the account of a story that might otherwise have received little notice.

As Easton reported, some 14 bus loads of people organized by the SEIU and a Chicago outfit called National Political Action descended on her neighbor’s home, armed with bullhorns, shouting about greedy banks and home foreclosures. After the mob was done, the buses took them to the nearby residence of a J.P. Morgan Chase executive.

Asked by Easton about the rationale behind such protests, SEIU representative Steven Leerner said:

“People in powerful corporations seem to think they can insulate themselves from the damage they are doing.”

So the union feels entitled to target — yes, we said target — them in their private homes.

The group that gathered at the developer’s home Thursday night was smaller and less-organized, but its purpose was equally clear — to intimidate those who would oppose it with the oldest threat in the book: “We know where you live.”

Wal-Mart is America’s largest employer outside of unionized government. (IBD)

And Unions want and need your money and your job to pay for their own, after all.

They are vastly more important that you.

They are warrior for the Cause.

American Federation of Teachers’ President Randi Weingarten has been doing her best to make sure Big Labor has a say in education reform. She wants to drive the train. The National Education Association, on the other hand, is taking the tact of putting dynamite under the tracks. While Weingarten says all the right things and uses all the necessary poll-tested phrases, she really wants to maintain the status quo. No tenure reform. No need to judge teachers by any measure other than seniority.

But in an interview with Newsweek, she made this curious statement, in response to Bill Gates saying, “We need to measure what they do, and then have incentives for the other teachers to learn those things:”

“Football teams do this all the time,” Weingarten responded. “They look at the tape after every game. Sometimes they do it during the game. They’re constantly deconstructing what is working and what isn’t working. And they’re jettisoning what isn’t working and building up on what is working, and doing it in a teamlike approach.”

That’s correct – they do. It’s too bad that public education does not operate more like the NFL.

Here’s an idea. Let’s have the NEA and AFT become the owners of a new NFL franchise. For a lack of a better name, we’ll call the new team the Thugs.

Players on the Thugs’ roster would receive tenure after two years, like they do in New York City Public Schools. They can play on the Thugs as long as they’d like, regardless of their skill level. And players would be judged not for their ability to score touchdowns or sack quarterbacks, but the number of years they’ve been in the NFL.

Over time, the Thugs’ roster would be filled with 50- and 60-year old players, raking in the big bucks while losing game after game.

Does anyone believe that the hypothetical Thugs, with their incredible job security, would be competitive with the teams that compensate players based on their performance and frequently alter their rosters to maintain an edge?

It would be wonderful if public education would operate more like the NFL, where you get paid for results and released for incompetence. Maybe then American K-12 students would receive the instruction they truly deserve.

Do what benefits you the most and proclaim to be doing it “for the children” is the fastest way to the Barf Bag for me folks.

But Unions don’t work that way. They just protect the incompetent and insulate themselves from any accountability for anything.

Oh, and they want ALL your Money. They deserve it. After all, they are special. 🙂

Political Cartoon

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.