The 1%

The Sith Lords of The Left (except when they are Democrats or Socialists like George Soros then they are ok). 🙂

Debunking the Myth of the “1%.” Who’s Really “The Rich?”

Rich bastards! It’s time to spread the wealth around! If you’re part of the 1%, you’re part of the problem!

Or… is it?

Perhaps the greatest economic misconception of the 21st Century is the idea that 1% of the world’s population are greedy jerks who keep the other 99% of the earth living in poor houses made of mud and tears.

Think the top 1% are billionaires? Nope. Millionaires? Nada. Well, they’re at least cracking $750K, right? Wrong again. In fact, YOU are probably far more affulent than you realize. And you disgust me for it. Let’s look at the numbers, American style:

If you make more than $100,000, you’re in the top 20%.

If you make more than $149,000, you’re in the top 10%.

If you make more than $522,000, BINGO, you’re a 1%’er. You’re probably a greedy jerk too, so screw you.

This is just a guess, but even if you don’t fall into one of these categories, chances are, you at least know somebody who does fall into any of the above categories. Which makes you a second-hand 1 percenter. That’s like a second-hand smoker only more vile. You probably don’t even think of those friends as being rich, but they are compared to the rest of the world. And these are the people leftists tell us are causing all the world’s problems, including the diminishing bee population (not really, but maybe one day), who need to do more for the country by paying their “fair share.” Except, that top 1% of earners already pays more in taxes than the bottom 90% (that’d be EVERYONE making less than $149K) COMBINED. Behold, graphs:

who are the wealthy

Oh, and by the way? If you’re under 31 and make over $300,000 – you’re in the top 0.1%. For realzies. Check out this chart from The Atlantic:

wealthy

But let’s take things a step further. If we expand the comparison globally, you become waaaaay wealthier than imagined. Like Scrooge McDuck from Ducktales, swimming in a vault of coin.

The average yearly income on a global scale? $1,225.

Yeah. You’re rich. Bastard. How does it feel to cause global warming? Even if “your” money is sent to you on a bi-weekly basis from the US treasury… you’re rich. And kind of a succubus, but that’s for another article.

If you make more than a whopping $34,000 a year? You are in the top 1% of the world’s wealthy.

Over half of the world’s 1%’ers (those making $34K+), live in the United States.

the wealthy

Maybe you’re not so bad off after all, Mr. college hipster making $15 serving coffee, huh? Maybe life isn’t so bad climbing the corporate ladder for “just” $75K a year, is it? Also, a nutless monkey could do your job. You mad? Please leave room for cream.

Saying the wealthy need to pay more (paging Bernie Sanders), is really saying we all need to pay more.  Because really, you’re rich. If you’re an American, you’re rich. Like, super, ridiculously rich. Period. Also, you have running water, a flushing toilet, probably a phone of some kind, a flat screen, and maybe a Netflix subscription. So please, stop the whining. It’s getting old.

SO, how rich are YOU?

Here’s a fun tool created by Giving What we Can: you punch in your income and household size, they tell you how rich you are compared to the rest of the world. You’ll probably be shocked. And that’s a good thing. Seriously. Go try it. Like, right now, money-bags.

Go ahead, I Dare you! 🙂

Lesson? If you’re living in the USA, you’re a greedy one-percenter and a bastard for it. Screw you with your flushing toilet and your five figure annual income. All this comes down to dollars, common sense, and perspective. The United States is a bastion of wealth, even for the “poor” Americans binge watching Orange is the New Black. Our top income earners aren’t paying their “fair share,” they’re paying YOUR share too. So get the numbers, memorize them, and every time you hear a gender-studies hipster talk to you about the one percent and shares and fairness and the latest iPhone, tell them about the real facts. If they’ll listen. (Steve Crowder)

But we all know that Liberals do not respond maturely to facts. 🙂

And if Democrats didn’t have the Envy Card, The Hate Card they would be just a husk of nothing floating on the winds. 🙂

But I want us to be super careful when we use the language “hard worker,” because I actually keep an image of folks working in cotton fields on my office wall, because it is a reminder about what hard work looks like. So, I feel you that he’s a hard worker. I do. But in the context of relative privilege…”- MSNBC’s Melissa Harris-Perry.

And remember in  the FY 2015 the government took in more tax money than anytime in it’s history and still ran a deficit!

elect me d5c6f-democrats6

Political Cartoons by Dana Summers

The Inequity of it All

Today is my Birthday.

What I want for my birthday is for Liberals to stop thinking with their emotions and be rational, logical adults who aren’t narcissistic, greedy, power mad, 2 years old at heart.

Not going to Happen.

Neither is getting Establishment Republicans and RINOs to stop being narcissists and thinking only of their own agenda and thinking about The American People for a change.

I might as well wish for World Peace at the same time, it’s just as likely.

Strike up a conversation with any taxi cab driver or any fry cook at a roadside diner and the word “inequality” is unlikely to ever come up. That’s not on the list of top concerns for middle class America. It’s also not on the list of concerns for the world’s poor. Millions of people are willing to risk life and limb just to come here and start out at the bottom of the income ladder.

(Don’t the immigrants realize how unequal things are? Yes, they want to live in a country where a poor immigrant can become a billionaire.)

So why is anyone claiming that inequality is our most important problem? Because the chattering class has decided that stoking envy is the only way to energize the Democratic Party. Think about the problems we really do have: runaway entitlement spending, poor public schools, welfare dependency, an overly burdensome tax system and anemic economic growth. In every case the solutions we are debating come from the right: Privatization, school vouchers, tough love, a flat tax and lower taxes on capital.

The left has no solutions, or at least none that anyone takes seriously. So, over the years of the Obama presidency the topic of inequality has emerged front and center. Democratic candidates could rail against the super rich and imply that their high incomes are the cause of everyone else’s stagnating income, without ever saying what exactly they would do about it.

Until Bernie Sanders came along. Sanders actually has a few concrete proposals – including the idea that we should become like Denmark, a high tax welfare state. Once the discussion turns from pure demagoguery to serious conversation, inevitably we are forced to look at what economists have to say. (Warning: it’s not good for Democrats.)

In other words, you can’t solve the problem by taxing the rich. If taxation is your only tool, you have to break again one of Barack Obama’s frequently broken promises and raise taxes on the middle class.

In a Brookings Institution study, Peter Orszag (former chief economist for President Obama) and his colleagues discovered that if you raised the top tax rate from 40 percent to 50 percent and redistributed that money to people at the bottom, the top 1 percent’s share of income would only decline from 16.4 to 15.6 percent. The Gini coefficient (the numerical measure of inequality) would change so little you would have to squint to see it.

Then there is the question of why we have increasing inequality in the first place. Another study by Orszag and current Obama chief economist Jason Furman found that a primary source of inequality among people is inequality among firms. Take a look at the chart below. If you happened to be working for one of the top 10 percent of most successful companies over the past two decades your salary, bonuses and other compensation probably soared. If you have been working for the median firm, your income has probably risen modestly. If your employer is in the bottom half of the distribution, your income has probably been stagnant.

So what can be done about that? The idea of arresting the growth of highly successful companies is silly. But that isn’t necessarily a deal breaker for the left. The problem for Democrats is that Silicon Valley is heavily Democratic. It’s one of the places Democrats go to get mega gifts. My bet is that you won’t hear a peep about inequality among firms in the coming election.

orszag chart

 

SOURCE: KOLLER ET AL. (2015); MCKINSEY & COMPANY

That leaves Denmark. People on the left are fond of citing the Nordic states — Denmark, Sweden, Norway, Finland, and Iceland — as examples of countries with higher taxes and less inequality. It’s easy to see why. As Matt Yglesias writes

Danish mothers enjoy 18 weeks of guaranteed maternity leave at 100 percent of their ordinary pay. Danish students leave college free of debt. Everyone is covered by a national health insurance system and can take advantage of subsidized child care; plus, thanks to a generous welfare system, Denmark’s child poverty rate is about a quarter of America’s.

So how do the Danes afford all that? With high taxes. As Yglesias makes clear, it’s not just taxes on the rich. The top tax rate in Denmark is 57 percent, about the same as it is in California. If California wanted to become like Denmark, it would basically leave the rich alone. But it would have to sock it to the middle class with effective tax rates averaging from 35 to 48 percent. Then the state would need to pile on with 25 percent value added tax — which is basically a form of sales tax and every bit as regressive. Car addicted Californians would also experience a huge spike in the price of gasoline and a 180 percent tax on the price of a new car!

So how does Denmark keep from looking like Greece? Answer: They believe in privatization, deregulation and free enterprise. Denmark is rated as one of the best places in the world to do business. It scores higher on the Heritage Economic Freedom ranking than the United States does. Unlike the US, public sector unions in Denmark don’t control public services and push up costs with job protecting regulations. For example, a private, for-profit company is currently in charge of 65 percent of municipal fire departments and 85 percent of ambulance services in the country. According to Yglesias:

In Copenhagen … the metro is driverless, the suburban rail network features one-man train crews, and many urban bus lines are run by private companies. These are all kinds of measures that US labor unions would normally oppose….

Øresund Bridge from Copenhagen to Malmö was constructed at a drastically lower price than the United States is prepared to spend to replace the Tappan Zee Bridge in New York even though the Nordic bridge is substantially longer and includes a major train component along with the roadway.

The Danish model is awfully hard to emulate if public sector unions are the backbone of your party.

Finally, there is Yale law professor Stephen Carter’s observation that the word “inequality” was used eight times by the candidates and once by the moderator in the Democratic debate the other night. In every instance the focus was on taxing the rich, not on helping the poor. In fact, the word “poverty” was used hardly at all. Apparently, envy sells better than charity when communicating with Democratic voters.

Yet Carter, himself a bona fide liberal, notes that we don’t really have an inequality problem. We have a poverty problem.

That Democrats ignore it is hardly surprising. When is the last time you heard a Democratic candidate for president talk about the poor in any respect? The last one I can remember was John Edwards and that was eons ago. (Townhall)

And look what happened to him… 🙂

Oh, the inequity of it all.

 

ObamaCare Busted Again

Last week, the total number of failed ObamaCare-created insurance co-ops reached eight, as co-ops in Colorado and Oregon announced that they were closing doors at the end of the year.

These co-ops got a total of about $900 million in low-interest loans, most of which are unlikely to be repaid.

The administration handed out more than $2 billion in guaranteed loans to 23 co-ops, as well as additional “solvency funds” when many started suffering financial problems last year.

Now we learn that 11 of the remaining 15 co-ops could be at death’s door too, but the administration is hiding information about their health.

The Daily Caller reports that the administration has “a secret list of 11 ObamaCare health insurance co-ops they fear are on the verge of failure, but they refuse to disclose them to the public or to Congress.”

These co-ops, the Daily Caller reports, are now on “advanced oversight” by the Centers for Medicare and Medicaid Services, which runs ObamaCare.

Earlier this year, an inspector-general audit noted that all but one of the co-ops had lost significant amounts of money in 2014, due either to lower-than-expected enrollment or because they underpriced their insurance policies.

Democrats exempted the co-ops from disclosure rules that apply to publicly traded corporations.

Oh, and the penalty for not having insurance is going to skyrocket next year too. 🙂

The math is harsh: The maximum federal penalty for having no health insurance is set to jump to $695 or 2.5 percent of taxable income , and the Obama administration is being urged to highlight that cold fact to help drive its new pitch for health law sign-ups.

That means the 2016 sign-up season starting Nov. 1 could see penalties become a bigger focus to motivate millions of people who have remained eligible for coverage, but uninsured.

You Vill Comply with Herr Fuhrer!!

So what if the program you’re complying with is dying and is already a massive failure, that doesn’t even remotely matter!

Remember this is the Tax that is a Penalty that isn’t tax! 🙂  The government said so. 🙂

Just when it looked like Obamacare couldn’t get worse, new statistical evidence shows that it can, and has. Health care insurance is getting more expensive for most workers because of an increase in deductions.

Employer-provided health plans defy earlier predictions that the number of such plans would fall in the face of new Obamacare regulations. While the overall number of plans did not decrease appreciably, subscribers were hit this year with big jumps in deductions, the part of medical bills insurers won’t pay. Nearly 1 in 10 of such deductions range upward from a thousand dollars. The average worker will pay more for medical expenses than ever. The clear message is, “you’re insured, but don’t get sick.”

Gee, I thought it was “They just want you to die” at least that was what the Democrats said about The Republicans… 🙂

The increases continue a growing trend. The average deductible has more than tripled, from $303 in 2006 to $1,077 this year. This is part of the explanation of why wages have flattened. Workers have chosen medical insurance benefits instead of higher wages. These deductibles have increased more than seven times the increase in wages. Increases in medical insurance premiums have actually fallen by 1 percent over 2014, falling for the first time in a decade, though the cost of family plans are up 3 per cent.

The Affordable Care Act, the polite  (DEMOCRAT) name for Obamacare, was intended to supply subsidies to offset increases in premiums. But apart from difficulties in getting these subsidies in place — state-administered funds versus federal funds — the growing difficulty for the average worker is an increase in deductibles (and co-pays) rather than more expensive premiums.

A Kaiser Family Foundation study reports the average deductible for a generous plan this year is $2,500 or more. Predictions that this would undermine company plans is now being borne out. This trend is further reinforced by the so-called employer mandate in Obamacare, which requires employers of a hundred or more employees to provide health benefits; this becomes 50 or more employees in 2016. Businessmen argue that this requirement costs jobs, and accounts in part for the growing structural unemployment even as the economy slowly sputters to life. Managers are reluctant to add workers and try to stay under those ceilings.

Another piece of bad news in the Kaiser study is that the Obamacare’s 13 percent tax on so-called “Cadillac” plans has led many companies to withdraw them. Opposition to the tax is coming as much from the Obama administration’s usually loyal unions as from business companies.

It’s tempting to say to the president and his incompetent fixers that we told you so. But we won’t. The slapdash, do-it-before-anyone-looks Obama administration’s attempt to solve the infinitely complicated shortcomings of the medical care system, comprising a sixth of the economy, with one magic pill was inevitably doomed. No one should minimize the difficulty of matching technology, expensive in its initial development, to the demands of an aging population. Critics of Obamacare who are tempted to search for another magic pill should be careful. Miracle cures are always fraught with peril. (WT and IBD)

Ideologically Driven Ones, doubly so.

Political Cartoons by Michael Ramirez

Political Cartoons by Chip Bok
Political Cartoons by Michael Ramirez

The Problem in a Nutshell

With YET ANOTHER debt Crisis loomin in a couple of weeks, here’s the real pr5oblem in a nutshell.

Federal Taxes Set Record in FY 2015; $21,833 Per Worker; Feds Still Run $438.9B Deficit

The Federal Government fot the year has has record tax collection, the likes of which have NEVER been seen in US history BUT yet they are STILL RUNNING A DEFICIT!!

They are still spending more than they take in, though they have never taken more money EVER!

That is the problem in a nutshell.

But don’t talk to the politicians, especially not Democrats about cuts because they will go nuclear about throwing grandma off a cliff, kids starving, rich people are greedy, etc etc ad nauseum.

And the RINOs have no balls. So This will continue.

That’s the problem.

(CNSNews.com) – The federal government took in a record of approximately $3,248,723,000,000 in taxes in fiscal 2015 (which ended on Sept. 30), according to the Monthly Treasury Statement released today.

That equaled approximately $21,833 for every person in the country who had either a full-time or part-time job in September.

It is also up about $212,927,100,000 in constant 2015 dollars from the $3,035,795,900,000 in revenue (in 2015 dollars) that the Treasury raked in during fiscal 2014.

federal_tax_receipts-chart
1985-2015

 

Even as the Treasury was hauling in a record $3,248,723,000,000 in tax revenues in fiscal 2015, the federal government was spending $3,687,622,000,000. So, the federal government ran a deficit of $438,899,000,000 for the fiscal year.

According to the Bureau of Labor Statistics, total seasonally adjusted employment in the United States in September (including both full and part-time workers) was 148,800,000. That means that the federal tax haul for fiscal 2015 equaled about $21,832.82 for every person in the United States with a job.

In 2012, President Barack Obama struck a deal with Republicans in Congress to enact legislation that increased taxes. That included increasing the top income tax rate from 35 percent to 39.6 percent, increasing the top tax rate on dividends and capital gains from 15 percent to 20 percent, and phasing out personal exemptions and deductions starting at an annual income level of $250,000.

An additional 3.8 percent tax on dividends, interest, capital gains and royalties–that was embedded in the Obamacare law–also took effect in 2013.

The largest share of fiscal 2015’s record-setting tax haul came from the individual income tax. That yielded the Treasury $1,540,802,000,000. Payroll taxes for “social insurance and retirement receipts” took in another $1,065,277,000,000. The corporate income tax brought in $343,797,000,000. (By Terence P. Jeffrey )

But yet, the drug addicts in Washington not only want more, they want to blame you for being greedy if you demand they cut back.

That’s the problem in a nutshell.

And the nuts are in charge of the squirrels…

Congress Slipped a Bo(eh)ner

The Good News: JAR JAR RESIGNS!

jar jar

THE BAD NEWS: Boehner 2.0 Coming in November.

There is no way in hell the Establishment RINOs are going to allow an actual Conservative to take over as Speaker. We are going to get Boehner 2.0 shoved down our throats, most likely his loyal Lt., Kevin McCarthy.

THEN WE WILL HAVE TO DETHRONE HIM TOO!

But Jar Jar finally said “NO” for once in the last 5 years and he just might stick to it this time. Have the cowardice of his convictions.

There’s no reason to say nice things about John Boehner that he doesn’t deserve. He didn’t die; he quit his job after enough Republicans FINALLY started moving to unseat him behind the scenes. It would be a better country if that had been done years ago. Other than an earmark ban long ago and sequester cuts, which were practically accidental, John Boehner’s tenure as a leader has been one long, unbroken streak of mediocrity, cowardice and disaster.

Conservatives consider Boehner to be an untrustworthy weakling, Democrats look at him as a joke and the American public despises him. Boehner will leave office as the least popular Speaker in 30 years.

The Man who promised to stop ObamaCare and Executive Amnesty and then actively worked for them to get them passed is gone.

He was against them before he was for them. 🙂

Under the spending deals cut by House Speaker John Boehner (R.-Ohio), the federal government’s debt has climbed $3,968,445,855,460.28, according to debt numbers published by the U.S. Treasury.

That works out to an increase in the debt of $26,627.43 per each of the 149,036,000 people who, according to the Bureau of Labor Statistics, had a full- or part-time job in the United States as of August 2015.

When the first spending deal made by Speaker Boehner took effect on March 4, 2011, the total federal debt was $95,162.43 per the 149,036,000 workers who had jobs as of this August. It now equals $121,789.86 for each of those workers.

Not very “conservative” is he…

“Here’s the attitude. Ohhhh. Don’t make me do this. Ohhhh. This is too hard.”John Boehner mocks Republicans in Congress who oppose amnesty.

Though his re-election campaign was all about stopping it.

So he was for it before he was against it! 🙂

Short Live his RINO Successor!

As a leader, Boehner’s “strategy” is usually completely reactive. It’s like he reluctantly gets in the ring with the Democrats, leads with his face and hopes that the Democrats will defeat him quickly so he can turn around and yell at the people who insisted he fight for something in the first place.

The perfect example of Boehner’s “leadership” came when Obama shut the government down because the House refused to fund Obamacare.

First of all, you have to keep in mind that John Boehner had publicly promised that the Republican Party would use the power of the purse to stop Obamacare if the GOP took control of the House in 2010.

“We are going to fight to repeal this government takeover of health care and start over with solutions that focus first on lowering costs. Cutting off funding for ObamaCare is absolutely something I support. For example, I would support moving as soon as possible to deny any funding for the estimated 16,500 IRS employees that will be needed to implement ObamaCare. House Republicans will continue to stand with the American people against this unconstitutional government takeover of health care.”

Sounds great, doesn’t it? Unfortunately, Boehner never had any intention of living up to his pledge.

So eventually Ted Cruz started pushing the idea of using the power of the purse to stop Obamacare and it caught on in the House to such an extent that Boehner felt compelled to try it.

After hemming and hawing that made it clear he didn’t want to pursue the strategy in the first place, Boehner announced that the House was going to fund the government except for Obamacare. Then he came out like a house on fire, slammed Obama for shutting down the government and said he would stand tall!

After a few days of that, Boehner practically went mute while the Democrats continued to hammer away at Republicans. Meanwhile, Boehner ALLIES like Peter King and Devin Nunes publicly undercut the whole strategy, something they would have NEVER done without getting the thumbs up from the Speaker.

“We are the ones who did shut the government down. You don’t take the dramatic step of shutting down the government unless you have a real strategy.” — Peter King

“Unlike many Republicans, (Devin) Nunes is publicly criticizing some of his colleagues, calling them ‘lemmings with suicide vests’ earlier this week.

….’It’s crazy. I don’t understand the whole point, the whole strategy. Most Americans don’t understand it,’ said Nunes.

The California Republican said a small group of lawmakers, what he calls ‘the lemming caucus,’ have been blocking GOP House leadership for three years.

‘It’s guys who meet privately. They’re always conspiring. It’s mostly just about power. And it’s just gotten us nowhere,’ said Nunes.”

Since government shutdowns are essentially a big game of chicken where both sides can equally be said to be at fault, but they try to blame each other, having Republicans in Congress siding with Democrats was very damaging to the effort.

Boehner had options. He could have held out and tried to make a case to the American people. He could have agreed to end the shutdown if Democrats would end the Obamacare subsidy for lawmakers and their staffs. Instead, as per usual, Boehner just surrendered and the shutdown lasted only 16 days.

To top it all off, Boehner went on the Leno Show and said none of it was his fault.

“It was a very predictable disaster, and the sooner we got it over with, the better. I told my colleagues in July I didn’t think shutting down the government over Obamacare would work because the President said, ‘I’m not going to negotiate.’ And so I told them in August ‘Probably not a good idea.’ Told them in early September. But when you have my job, there’s something you have to learn … When I looked up, I saw my colleagues going this way. And you learn that a leader without followers is simply a man taking a walk … So I said, ‘You want to fight this fight? I’ll go fight the fight with you.'”

The types of questions people had after this disaster were the ones that dogged Boehner through his whole tenure as “leader.”

The shutdown was a predictable disaster? Then why did he promise to adopt that strategy before he became Speaker? Did he not realize it was a bad idea then or was he just a liar who made promises he never intended to keep? Moreover, if Boehner knew the strategy wouldn’t work, why did he go through with it? Furthermore, how do you call talking tough for a few days and then caving a “fight?” Once Boehner decided to go with the strategy, what was his plan to win – or was it his plan all along to fight a halfhearted battle, lose and then throw up his hands and say, “I tried?” Whatever happened to actually trying to WIN battles for conservatism and the American people? When did that officially become something the Republican Party doesn’t do anymore?

Republicans have a right to expect a lot more out of a leader than drinking, crying and capitulating in every fight that matters. That’s the only thing John Boehner has offered America since he became Speaker of the House and the tragedy isn’t that he’s being muscled out of office, it’s that it didn’t happen much sooner. (John Hawkins)

But just to give you a taste of the Far Left’s response, our friends at the Daily Kos:

Oh no, the Repidiots biggest boner is leaving. Whatever will they use to screw Americans now? There is talk that Rep. McCarthy from California may replace him. That is sending the T (as in terrible) Party into fits of apoplexy. From what I read about him he is a semi intelligent (for a republican) human. He can actually see and understand facts, as opposed to most of the other morons in the party.

This is Homo Superior Liberalis folks!

But let’s get back to the Party while it lasts…

Proof of Jar Jar Binks’s death may be on the way. In a Vanity Fair interview published, appropriately, on Star Wars Day (May the Fourth…), director J.J. Abrams said he just might show fans Jar Jar’s bones.

Sorry, wrong Jar Jar… 🙂

Unsustainable

Despite what the Liberals, The Liberal Media, Liberal pundits, Obama, and The Congress want you to believe…

The economy is sluggish but growing and inflation remains low, painting a decidedly mixed picture for the federal government, the Congressional Budget Office reported Tuesday, saying the fiscal situation is improving this year but will snap back by 2018 to swelling deficits and unsustainable debt.

The inflation rate is so low that Social Security beneficiaries probably won’t get a cost-of-living raise after this year, the CBO said.

So all those people on “fixed incomes” who bet their retirement on government assistance are going to be whining even more that they can afford anything.

But tax revenue is up and spending has stayed pat, which is helping reduce the pool of red ink in the federal budget.

Combined, those numbers mean the government will run a deficit of $426 billion in fiscal year 2015, down about $60 billion from 2014 and marking the smallest deficit of President Obama’s tenure.

Which means it’s the least overspending he’s ever done. Mind you, the Feds have gotten more taxes in the last year than ever history too.

The good news will continue for a couple of years as the economy belatedly but fully rebounds from the recession of December 2007 to June 2009. By 2018, though, debt will rise as government spending grows and the economy will cool again, the CBO said.

“The growth in debt is not sustainable,” CBO Director Keith Hall said in presenting the estimates. “At some point, it’s going to get to a very high level. Obviously, you can’t predict tipping points, but at some point this becomes a problem.”

Democrats saw the short-term outlook as progress and said it’s time to close tax breaks and bring in more revenue for spending on investments such as infrastructure.

Democrat Solution: Raise Taxes! Soak the Rich!  (gee where have heard that before?)

Republicans kept their focus on the longer-term warnings in the CBO report. They noted that taxes will remain higher than their historic average over the past five decades but deficits will persist because spending will still outpace revenue.

Budget watchdogs pleaded with all sides to go beyond the numbers and talk about solutions to persistent debt.

Democrats: More Taxes!!! Soak Everyone!

Republicans: Uh…Don’t blame us….

“I don’t know how anyone can declare victory when trillion-dollar deficits are just on the horizon,” (Again!) said Judd Gregg, a former senator and a co-chairman of the advocacy group Fix the Debt. “While deficits are down this year, the real story is that they are on the rise and that our national debt is at record-high levels and growing.”

Watchdogs pleaded with presidential candidates to start talking about the national debt in their campaigns.

Political suicide, for them, so no, they’ll avoid it.

For the most part, that conversation has been muted. Democrats have called for tax hikes to pay for more spending, and Republicans generally have focused on other issues.

See above. 🙂

New Jersey Gov. Chris Christie, however, has sparred with former Arkansas Gov. Mike Huckabee, a fellow Republican presidential candidate, over the fate of Social Security. Mr. Christie argues that the program needs benefit adjustments to survive.

The CBO report said Social Security spending will be slightly lower than analysts projected five months ago because fewer people will qualify for disability payments. Still, the $66-billion-a-month payout this year makes Social Security the largest single federal program, which is projected to represent 5.7 percent of gross domestic product in 2025.

Medicare and Medicaid, the government’s health care programs for the elderly and the poor, also are growing quickly and are projected to reach a combined 6.2 percent of GDP within a decade.

Defense and other basic domestic spending, however, continue to dip as a percentage of government spending and the economy, reaching levels not seen in decades.

Democrats say cuts to domestic discretionary programs such as education and infrastructure have gone deep enough and that it’s time to reverse them, and they reject Republican calls for limits on growth in entitlement spending.

In other words WHEN IN DEBT, SPEND EVEN MORE! Especially on Agenda Items.

And the Democrats war on your energy bills will obviously help everyone. 🙂

The CBO said the economy is recovering, though more slowly than predicted. The GDP, the report said, will grow 2 percent this year and rise to 3.1 percent next year before slowing again.

Mr. Hall said recent turmoil in stock markets has not changed those estimates.

“The economic fundamentals, at least so far, haven’t been changed,” he said.

In a more pressing finding, the CBO said the government has room to stave off a debt limit breach through November or December — a longer time frame than projected a few months ago. Mr. Hall credited higher tax receipts this year as the reason.

So they can stop talking about it now and do it in November at the last minute and then cave in and raise taxes even more and approve even more spending because “cuts” are politically incorrect.

Debt held by the public will dip this year to 73.8 percent, down from 74 percent in fiscal year 2014, and will fluctuate for a few years before beginning a steady climb by 2020 and nearing 77 percent in 2025. Those are levels unseen since 1950, when the country was getting out from under the burden of World War II. (WT)

And, it’s all George Bush’s Fault! 🙂

Political Cartoons by Lisa Benson
Political Cartoons by Henry Payne
Political Cartoons by Henry Payne

Middle Class Economics

So where do you get the money to allegedly pour into the poor to allegedly make them richer (which hasn’t happened BTW-there are now MORE poor people), rich people.

But in the perfect scenario if the rich are getting poorer and the poor are getting richer who gets squashed in the middle?

The Middle Class. 🙂

The big challenge for President Obama — and for Republicans seeking their own agenda to woo the middle class — is that middle-income economic fortunes are driven mostly by private employers. The government can raise the minimum wage, but it can’t make employers raise wages for workers already making well above that. It can give out targeted tax cuts, but these can’t have large effects on the average family’s income without getting really expensive. It can impose labor regulations, but it cannot overcome the fact that employers are powerful when many workers chase a small number of jobs.

So you can make them pay $15/hr but they can lay off a lot of people to do it. 🙂

Contrary to the Liberal hoary and class warfare battle cry, government does not create private sector jobs.

The White House had a telling spat last month with the Tax Policy Center, a center-left joint venture of the Urban Institute and Brookings Institution that produces estimates of the distributional impacts of tax proposals. Len Burman, the center’s co-director, who was a Treasury official in the Clinton administration, ran the numbers and found the president’s plan produced an average tax cut of just $12 for families in the middle quintile — a surprising result for a plan aimed at the middle class, and one that produced inconvenient headlines.

Inconvenient= Means they didn’t fit the Agenda driven truth. An Inconvenient truth, how ironic. 🙂

Treasury’s own numbers show the average middle-income family would get a tax cut of about $150 under the president’s plan. Whether $12 or $150, the average effects are small — much smaller than the several hundred dollars a typical family is saving this year because of falling gas prices, and much smaller than the raises Americans would get from a tight labor market that induces employers to offer higher wages. (NYT)

So that’s why Obama wants to raise gas prices! 🙂

It’s not just that he hates rich Oil companies in this country (in the middle east he’s just fine). That’s good to know.

“Many people in the middle class will get no benefit from the president’s proposal,” said Roberton Williams, a fellow at the Tax Policy Center. “Among the middle class, it’s targeted at people with kids and second earners. Virtually no single middle class people without kids will get anything.”

Far fewer middle class single and elderly taxpayers would benefit from Obama’s plan.

Only 12.5% of single filers would get a tax cut. Overall, this group would see a $61 increase, because nearly 7% of middle class singles would see their taxes go up and that skews the overall average.

Among the elderly, only 10% would enjoy a dip in their taxes. But because many in this group would be hit with another of the president’s provisions — that would require estates to pay capital gains on appreciated assets — they would pay an additional $152, on average. (CNN)

So you have to be the politically advantageous “middle class” to get any sucar from this government succubus that has spent $8 Trillion in less than 7 years.

But you have to play it like everyone gets it. Like the $2500 reduction in Health Care Costs from Obamacare.

Mind you, the NFL Player making multiple millions a year is not the target. The target is Corporate America. The evil rich people who make jobs for people.

After all, socialism is about the Government largesse not Private Sector largesse.

So you have to be Agenda approved.

In socialism there are only 2 classes, The Elites, and the Poor and they don’t meet. That’s is the Utopia the Democrats want to achieve.

And since Liberals have no capacity intellectually to believe they can ever be wrong about anything, ever, they if they don’t succeed they will just keep trying because it will always be someone elses fault that they didn’t succeed.

Divide and Conquer, eventually. Because they only way they succeed is to destroy all methods that do succeed and leave you with no choice but to d it their way.

And that’s Obama and The Democrats in a nutshell. My ideas can’t succeed but I will prevent any other ideas from even forming.

Orwell would be proud of you, my son.

The Ministry of Truth (even Inconvenient ones) stands ready to defend your right to fail miserably but blame someone for it and make everyone believe it.

Political Cartoons by Glenn Foden

Uncle Sam’s Haul

The federal government raked in a record of approximately $2,446,920,000,000 in tax revenues through the first nine months of fiscal 2015 (Oct. 1, 2014 through the end of June), according to the Monthly Treasury Statement released today.

That equaled approximately $16,451 for every person in the country who had either a full-time or part-time job in June.

Are these just the jobs Americans “will do”? 🙂

The percentage of Americans working or looking for work fell to 62.6 percent in June, after 432,000 people dropped out of the labor force. That’s the lowest rate since October, 1977, according to the Bureau of Labor Statistics.

It is also up about $178,156,270,000 in constant 2015 dollars from the $2,268,763,730,000 in revenue (in inflation-adjusted 2015 dollars) that the Treasury raked in during the first nine months of fiscal 2014.

Despite the record tax revenues of $2,446,920,000,000 in the first nine months of this fiscal year, the government spent $2,760,301,000,000 during those nine months, and, thus, ran up a deficit of $313,381,000,000 during the period.

So they have record tax collection but yet they still run a deficit! (but Obama would say that they run less of a deficit than when he started so that’s ‘progress’).

Anyone else see the flaw in the tax slaw?

The debt is now 18.3 Trillion and climbing.

http://www.usdebtclock.org/

According to the Bureau of Labor Statistics, total seasonally adjusted employment in the United States in June (including both full and part-time workers) was 148,739,000. That means that the federal tax haul so far this fiscal year has equaled $16,451 for every person in the United States with a job.

In 2012, President Barack Obama struck a deal with Republicans in Congress to enact legislation that increased taxes. That included increasing the top income tax rate from 35 percent to 39.6 percent, increasing the top tax rate on dividends and capital gains from 15 percent to 20 percent, and phasing out personal exemptions and deductions starting at an annual income level of $250,000.

An additional 3.8 percent tax on dividends, interests, capital gains and royalties–that was embedded in the Obamacare law–also took effect in 2013.

The largest share of this year’s record-setting October-through-June tax haul came from the individual income tax. That yielded the Treasury $1,167,500,000,000. Payroll taxes for “social insurance and retirement receipts” took in another $771,048,000,000. The corporate income tax brought in $255,453,000,000.

But don’t worry, if you take this seriously, you have to be a “hater” of Obama, right?

The truth doesn’t matter any more, remember. 🙂

irony  government assistance

Political Cartoons by Michael Ramirez

FEED ME!!!

Political Cartoons by Glenn Foden

FYI:This year, National Tax Freedom Day falls on April 24, or 114 days into the year.

So you still have 9 days more (on average) to pay off Uncle Sam for THIS year. 🙂

3 Years ago it was April 13th. 🙂

But it varies by state.

Arizona is April 11th.

It takes you more than 100 days this year before the money you earn is truly yours. That’s roughly a third of your income every year that never makes it into your pocket. In fact, you’re likely spending more on taxes than you will on food, clothing, and housing — combined.

The earliest Tax Freedom Day is in Louisiana, where taxpayers are liberated after April 2. Connecticut residents aren’t done working to pay their taxes until May 13.

Americans are expected to pay a total of $4.85 trillion in taxes in 2015 — $350 billion more than last year. About $1.5 trillion is divvied up among local governments and the 50 states. Washington gets the other $3.3 trillion — the most ever collected by the IRS.

facts-figures-2015-how-does-your-state-compare-6-638

But yet they managed to spend it all, and more.

So don’t worry, when in Debt, SPEND EVEN MORE!

Political Cartoons by Gary Varvel
Political Cartoons by Lisa Benson

More Cash for the Dash

The data that the White House published with President Obama’s fiscal 2016 budget proposal yesterday indicate that the federal deficit will increase by 20 percent during this fiscal year (2015) even though the administration predicts the Treasury will bring in record revenue during the year.

According to Table S-1 in the “Summary Tables” appendix to the Obama budget, the deficit was $485 billion in fiscal 2014 and will be $583 billion in fiscal 2015—an increase of $98 billion, or 20.2 percent.

The federal fiscal year begins on Oct. 1 and ends on Sept. 30.

In fiscal year 2015, according to the Obama budget tables, the federal government will take in $3.176 trillion in tax revenue and spend $3.759 trillion.

The $3.176 trillion in tax revenues the White House estimates the federal government will bring in this year is a record in both current and inflation-adjusted dollars.

So Uncle Sam is going to take in more $$ than it has ever taken in FROM YOU, and then turn around and SPEND EVEN MORE than that and praise itself for overspending less than it has in years!

“Since 2010,” says the Obama budget proposal, “federal deficits have shrunk at an historic pace—the most rapid sustained deficit reduction since the period just after World War II. The turn away from austerity in 2014 was ac­companied by another steep drop in the deficit, bringing it to 2.8 percent of GDP—the lowest level since 2007, about one-third the size of the deficit the president inherited, and below the 40-year average.” (CNS)

Hurray! Look how wonderful we are! We’re only going to over spend by a  $1/2 Trillion instead  1 1/2-2 like we used to!

The Jenny Craig Diet for chronic over-spenders! 🙂

So we’ll only go from $18 Trillion in Debt to 18 1/2 (minus the interest)!!

YIPEE!!

Since Obama took office, the federal debt has climbed from $10,626,877,048,913.08 to $18,082,294,157,510.20–an increase of $7,455,417,108,597.12 (and climbing), the most in US HISTORY!

Aren’t we wonderful!

And so fiscal responsible. 🙂

HAPPY TIMES ARE HERE AGAIN!

Oh, and Obama wants to raise even more taxes! so he can overspend even more next year. Hurray!

Political Cartoons by Glenn McCoy

Political Cartoons by Lisa Benson

Political Cartoons by Nate Beeler

Political Cartoons by Gary Varvel

 

Red Ink

It may not be the sexiest topic or the one that gets your venom flowing, but what more important in the long run?  $17.865 Trillion (that a a $Billion since yesterday’s blog-check it). It’s irresponsible. Period. We overspent less this year Yippee!! 😦

Red Ink: The White House is crowing that the deficit fell sharply this year. But in fact, there’s little to celebrate. The decline wasn’t a result of sound fiscal policy, and it won’t last.

This week, the Treasury Dept. reported that the total deficit for fiscal 2014, which ended Sept. 30, was $483 billion. Budget director Jacob Lew seized on the news to declare, “Not since World War II, more than 60 years ago, has there been faster and more sustained deficit reduction.”

Of course, time was that a nearly half trillion dollar deficit was the sign of abject failure, not success.

In mid-2008, then Senate Budget Committee chairman Kent Conrad said, “If we gave Olympic medals for fiscal irresponsibility, President Bush would take the gold, the silver and the bronze.” That was after the administration said that deficits would hit $482 billion.

Given that Obama’s deficits topped $1 trillion for four years straight, anything less looks good by comparison.

But a closer look at the numbers reveals that this meager good deficit news is not particularly good.

First, the decline came almost entirely from rising corporate and personal income taxes. That’s just a sign that the economy has been growing — albeit painfully slowly. And as people return to work, they start paying taxes again. This growth rate in revenues won’t continue.

And while spending climbed by less than 2% in 2014, that’s misleading as well. A big chunk of the slowdown came from a $25.6 billion drop in unemployment insurance costs, in part because Congress didn’t extend long-term jobless benefits. That’s not likely to be repeated.

It’s true that there has been spending restraint in so-called discretionary programs, largely because Republicans control the House.

Entitlement programs are another matter. Medicaid spending climbed an eye-popping 13% last year as ObamaCare expanded eligibility. Medicare spending went up 2.5%, which seems low but is almost twice the rate of overall federal outlays. Social Security spending climbed 4.4%. Interest on the debt climbed 3.3%.

On top of that, ObamaCare added $13 billion in new subsidies to the ledger.

All of which is why the Congressional Budget Office projects that, starting in 2016, annual deficits will start to march upward, as entitlement growth starts to outstrip even historically high tax revenues.

By the decade’s end, the CBO projects, deficits will once again be in the trillion-dollar range, while debt held by the public will have climbed to 77.2% of GDP.

And this assumes that ObamaCare costs don’t climb faster than expected, and its taxes come in as planned.

That’s not likely, given that several ObamaCare taxes — most notably a tax on devices — are coming in below expectations, while costs are higher than planned.

A Senate Budget Committee analysis released this week finds that ObamaCare’s net costs are running $300 billion ahead of what the CBO had forecast back in 2010, when it claimed that the law would cut the deficit in its first 10 years. Instead, the committee report says, it will likely add $131 billion in red ink by 2019.

The CBO’s projections also assume that interest rates won’t spike, which would send already massive interest payments spiraling up, or that the economy won’t hit another brick wall.

The administration says that the latest deficit news marks “a return to fiscal normalcy.” If deficits as far as the eye can see and massive debt are what they consider normal, we’re in big trouble. (IBD)

Political Cartoons by Jerry Holbert

Good News, Bad News

The federal government collected a record amount of taxes in fiscal year 2014, topping $3 trillion in revenue for the first time in its history, according to Treasury Department numbers released Wednesday that show the influx helped drop the deficit to its lowest level under President Obama.

The recovering economy was the key, sending personal and corporate incomes higher — and thus sending more money to Washington. Individual taxes rose 6 percent and corporate-income taxes, which are the best indicator of a business recovery, leapt 17 percent.

Just five years ago, the Treasury took in $2.1 trillion, but fiscal year 2014, which ended Sept. 30, saw the final take at $3.020 trillion. The government spent $3.504 trillion, leaving it $483 billion in the red. That’s down from $1.4 trillion in 2010, and is the lowest figure since 2008.

The good news is, that the government has never taken in more money ever. The bad news, it come from you! You’ve never given more.

The good news is the government has never taken in more money. The bad news is that th THEY STILL SPENT MORE THAN THEY TOOK IN.

The good news, according to Democrats, they spent more than  they took in LESS than they did 5 years ago. The bad news is that they have overspent EVERY SINGLE YEAR since 2008.

But it’s less, so you should be proud of them. 🙂

So the National Debt stands at $17.864 TRILLION dollar. That’s the good news, because, as the Democrats are proud to say, they overspent less than before.

The bad news is it’s nearly $8 Trillion more debt in 5+ years of Obama. He will spend more and accumulate more debt than all Presidents in the history of the country combined.

But that’s Bush’s fault, you know! 🙂

And hey, he’s got his drug addiction down 60% from 5 years ago. Of course he did it by taking more money in taxes than ever before and snorting roughly the say, but hey who’s counting that you “hater”! 🙂

“The president’s policies and a strengthening U.S. economy have resulted in a reduction of the U.S. budget deficit of approximately two-thirds — the fastest sustained deficit reduction since World War II,” Mr. Lew said.

Deficit reduction while the debt rises faster than ever.

Orwell would be proud of your dis-assembly of the language.

Over spending and debt is good, as long as you over spend less every year!

I really should try that with my credit cards… Nah! I’m not that stupid.

Just five years ago, in 2009, the trough of the recession, revenue was only $2.1 trillion. That means it’s leapt $900 billion in just five years.

Spending, meanwhile, has remained relatively flat at about $3.5 trillion.

So he’s overspending less and that’s a good thing… 🙂

Mr. Obama fought for higher personal income-tax rates in 2012, winning a postelection deal in the so-called “fiscal cliff” debate that saw income taxes hiked for the wealthiest, and payroll tax hikes for everyone. (WT)

President Obama made  a promise to not increase taxes for families making less than $250,000 a year.

Mind you, Obamacare IS a Tax, but it’s not a Tax, it’s a Penalty that is a Tax that isn’t a Tax. but then the Supreme Court said it was a Tax!

But the government has collected more taxes, so when it spends too much they can cheer that they are overspending less and you should be happy for them.

The $$$ drug addicts have cut back. No, they just got people to give them more drugs so they can maintain their habit and it LOOKS like they cut their consumption.

It’s good news for Orwell, bad news for the Country, as a whole.

Rejoice, we Overspend Less. Lets all throw a Party!

“I don’t think the government’s going to get any more out of the American economy. The only way Europe does is because they have the VAT taxes,” Mr. Edwards said, referring the Value Added Tax system that is prominent on the Continent. He predicted VAT would be the next big tax battle in the U.S.

Of course, the addicts still need more money. They can’t survive on a flat income source. THEY WANT MORE!

They NEED MORE! FEED ME!

FEED ME!  The BEAST IS HUNGRY!

And you get a starring role on the BIGGEST LOSER! 🙂

Political Cartoons by Jerry Holbert

 

Political Cartoons by Glenn McCoy

Political Cartoons by Bob Gorrell

 

The New Normal

According to projections from the Congressional Budget Office (CBO),  entitlements and ObamaCare spending will comprise 53 percent of all federal spending over the coming decade, totaling $24.9 trillion.

But if you cut spending you’re an evil granny- street-tossing, poor- crushing, capitalist bastard who just wants to kiss up to rich people!

We just have to raise more money so we can spend more more money, that’s all! 🙂

For instance, of the $13.85 trillion in health care entitlement spending, $12.2 trillion of it is not paid for via dedicated taxation, meaning that it will have to come out of general tax revenue or be added to the deficit.

In fact, over the next decade, the federal government will collect only $2.6 trillion in dedicated revenues for its mandatory spending programs, as opposed to $31.6 trillion in spending.

While Social Security and health care entitlements will make up most of the mandatory spending, the category includes other types of automatic spending not typically thought of as entitlements.

Food stamps, for example, are projected to cost $760 billion between 2014 and 2023. Federal military and civilian retirement programs are expected to pay out $1.8 trillion; disability insurance is projected to spend $626 billion; and unemployment insurance is expected to pay out $492 billion. (CNS)

And top of that…

The number of American workers collecting federal disability payments climbed to yet another record high of 8,830,026 in January, up from 8,827,795 in December, according to newly released data from the Social Security Administration. This is the 192nd straight month that the number of American workers collecting federal disability payments has increased. The last time the number of Americans collecting disability decreased was in January 1997.

In January 2013, with a record 8,830,026 Americans collecting disability and 115,918,000 working full  time, there were only 13 Americans working full-time for each person collecting disability.

In 1997 it was 24:1.

And Baby Boomers will continue to retire for some 18 years or so.

The Congressional Budget Office (CBO) said in its most recent budget and economic forecast that the economy is expected to continue its sluggish pace of growth – just 1.4 percent – and unemployment is expected to remain above 7.5 percent again this year.

The CBO said that 2013 would set a record for the longest period of high unemployment since the Great Depression.

“That subdued economic growth will limit businesses’ need to hire additional workers, thereby causing the unemployment rate to stay near 8 percent this year,” the CBO said.

As I have said several times, the current economic malaise is what Obama and company wanted, The New Normal.

Thus it’s not “high”. It’s just “normal”

That’s how you re-write expectations and perception.

Get used to it.

Because they want to make it even worse. And this will be “the good old days”.

Political Cartoons by Lisa Benson

 Political Cartoons by Steve Kelley

 

Mission Accomplished

The post “Mission Accomplished” Obama Foreign policy on Terrorism where Al-Qaeda is “crippled” and on no longer as big a threat.

A jihadist website posted a new threat by al Qaeda this week that promises to conduct “shocking” attacks on the United States and the West.

The posting appeared on the Ansar al Mujahidin network Sunday and carried the headline, “Map of al Qaeda and its future strikes.”

The message, in Arabic, asks: “Where will the next strike by al Qaeda be?” A translation was obtained by Inside the Ring.

“The answer for it, in short: The coming strikes by al Qaeda, with God’s Might, will be in the heart of the land of nonbelief, America, and in France, Denmark, other countries in Europe, in the countries that helped and are helping France, and in other places that shall be named by al Qaeda at other times,” the threat states.

The attacks will be “strong, serious, alarming, earth-shattering, shocking and terrifying.”

The Ansar al-Mujahidin network is a well-known jihadist forum that in the past has published reliably accurate propaganda messages from al Qaeda and its affiliates. (WT)

OBAMACARE

Some families could get priced out of health insurance due to what’s being called a glitch in President Barack Obama’s overhaul law. IRS regulations issued Wednesday failed to fix the problem as liberal backers of the president’s plan had hoped.

As a result, some families that can’t afford the employer coverage that they are offered on the job will not be able to get financial assistance from the government to buy private health insurance on their own. How many people will be affected is unclear.

The Obama administration says its hands were tied by the way Congress wrote the law.

I Guess you had to pass it to find out what is NOT IN IT, 3 years later! 🙂

The problem seems to be the way the law defined affordable.

BUT THAT WAS POINT OF THIS MONSTER, RIGHT?? I guess it depends on the what definition of “affordable” is? 🙂

Congress said affordable coverage can’t cost more than 9.5 percent of family income. People with coverage the law considers affordable cannot get subsidies to go into the new insurance markets. The purpose of that restriction was to prevent a stampede away from employer coverage.

Congress went on to say that what counts as affordable is keyed to the cost of self-only coverage offered to an individual worker, not his or her family. A typical workplace plan costs about $5,600 for an individual worker. But the cost of family coverage is nearly three times higher, about $15,700, according to the Kaiser Family Foundation.

So if the employer isn’t willing to chip in for family premiums – as most big companies already do – some families will be out of luck. They may not be able to afford the full premium on their own, and they’d be locked out of the subsidies in the health care overhaul law.

Employers are relieved that the Obama administration didn’t try to put the cost of providing family coverage on them.

“They are bound by the law and cannot extend further than what the law provides,” said Neil Trautwein, a vice president of the National Retail Federation.

Obamanomics: The economy shrank last quarter, the deficit topped $1 trillion last year, U.S. debt shot up $5 trillion in the past four, and joblessness is at 7.8%. Boy, President Obama sure inherited an economic mess, didn’t he?

According to the Bureau of Economic Analysis, the economy “unexpectedly” declined 0.1% in last three months of 2012, the first decline since early 2009.

The Obama administration, naturally, tried to look for scapegoats, this time settling on Hurricane Sandy and Republican-induced uncertainty over the “fiscal cliff” outcome.

But if that were the case, why was the administration running around late last year telling everyone how great the economy was doing?

And why didn’t any economist predict a downturn?

The average forecast among 50 economists surveyed earlier this month was for 1.6% GDP growth, and the most pessimistic pegged it at just under 1%.

Liberals were also quick to blame alleged spending cuts. Jared Bernstein — a former Obama economic advisor — complained that “austerity at (a) time when we need a fiscal push” is the problem.

“Congress is applying medieval techniques,” he wrote, “bleeding the patient while ignoring the indicators both here and abroad as to how that’s working.”

An interesting theory. Except that while the BEA says defense spending declined in Q4, overall federal spending was up $31 billion compared with Q4 2011 and up $98 billion compared with Q3 2012, according to monthly spending reports out of the Treasury Department.

And even assuming that the “huge cuts” from the sequester go through, spending this year will be about $570 billion higher than in 2008, and will consume 22.4% of GDP — a level reached only four times in the 63 years before Obama.

So maybe it’s the lack of adequate stimulus?

Perhaps, but only if you ignore the Fed’s massive ongoing pump-priming efforts, and the fact that the deficit in Q4 alone topped $292 billion — nearly double the deficit for all of 2007.

The lack of good excuses might explain why Obama and Co. are so desperate to put a positive spin on the numbers.

Democratic Party communications director Brad Woodhouse actually tweeted that this was “the best-looking contraction in U.S. GDP you’ll ever see.”

That’s one way of looking at it.

Another is that slow to non-existent growth has become the new normal thanks to Obama’s growth-choking policies, with the economy consistently underperforming expectations.

When Obama first took office, he forecast 4% GDP growth for 2011 and 2012, as did most everyone else.

Actual results: 1.8% growth in 2011 and 2.2% in 2012.

Just last summer, Obama was saying that Q4-over-Q4 growth in 2012 would be 2.6%. Actual result: 1.5%.

Now with Obama’s huge tax hikes kicking in, his regulators once again running amok, ObamaCare’s storm clouds looming ever closer, and deficits expected to top $1 trillion for the fifth year, why should anyone be surprised if the economy underperforms again in 2013? (IBD)

But that’s Bush/Republicans/Tea Partier’s Fault!!!
Now onto the next Crisis…
Political Cartoons by Chuck Asay
Political Cartoons by Glenn McCoy

Political Cartoons by Jerry Holbert

 Political Cartoons by Steve Kelley

Report Card

Report Card For Barack H. Obama

Unemployment: Jan 2009  7.8%    Jan 2013 7.8%    Grade: F

u6 Unemployment (all categories and underemployed): Jan 2009  14.2%

Jan 2013: 14.4%   Grade: F

Spending: Spent $6.5 Trillion Dollars  added to the Debt.  Grade: F

The amount spent to service the debt is now as much as the cost of Iraq and

Afghanistan War:  Grade F

The “Arab spring”- Rampant Radical Islam. 4 people dead.  Grade: F

Fast & Furious: The only thing “fast” and “furious” was the cover up. Several dead in US and many more in Mexico: Grade F

Campaign promise: “I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”   Grade F  (payroll tax flim-flam, Obamacare, etc)

Speaking of ObamaCare: “it’s a Tax!”. Yes it is. And it costs 3x the estimates already and is crushing job growth and empowering and burdening the IRS with enforcement of mandatory Insurance.  Grade: F

Gasoline: January 2009: $1.90

U.S. monthly average regular gasoline retail prices increased from an average of $3.53 per gallon in 2011 to average $3.63 per gallon in 2012, driven partly by isolated refinery outages and lower inventory levels on the East and West coasts. U.S. regular gasoline retail prices fell from an average of $3.85 per gallon in September 2012 to an average of $3.31 per gallon in December, which was the lowest average since December 2011. (eia.gov)

I paid 3.01 on Saturday.Grade: F

2nd Amendment: Grade F

Alternative Energy:  Wasted nearly a Trillion Dollars on 15 Solar companies that all went bankrupt quickly and refused to increase our own production of Oil because of pure politics.

The “Obama Car” The Chevy Volt continues to be one of the worst selling cars of all-time.    Grade: F

US Budget Submission Homework: Missed it every year except first one.

Grade : F

Iran:   (he ignoring them)  Grade F

But what’s most troubling is the the student displays a Narcissistic Personality Disorder and his legion of followers blame everything on someone else and are incapable of accepting responsibility for anything but they will take Credit for anything that services either a) their egos or b) their politics or perceived political advantage.

Case in Point:

On Saturday, for instance, the White House declared that “there are only two options to deal with the debt limit: Congress can pay its bills or it can fail to act and put the nation into default.”

Obama returned to the theme at his Monday press conference: “Raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that Congress has already committed to.”

In other words, I didn’t load $5 trillion in future taxes on our children and grandchildren. Congress did it.

It’s important to note that when Obama says “Congress,” he’s talking about Republicans — specifically the Republicans who have controlled the House of Representatives for the past two years. The GOP has not held the Senate during any part of Obama’s time in office.

And it did not hold the House in Obama’s key first two years, when spending exploded with his blessing. In other words, most of the responsibility in Congress for the Obama deficits sits with members of his own party.

But you never hear this from Obama and his media allies. The problem is with Speaker John Boehner and, to his right, those Tea Party wackos who want the federal government to stop sending out Social Security checks.

Republicans, for their part, haven’t made their case, even with facts clearly on their side. But we have not given up hope that Americans, summoning up their reserves of common sense, will see through this Obama whopper even if they have let others pass.

Here are some facts for them to chew on:

• It takes two to tango. Congress cannot spend a single greenback unless the president signs a bill to do so. Thus, Obama OK’d every cent of the $5.095 trillion in deficit spending (per White House and Congressional Budget Office) from 2009 through 2012.

• Congress had its real spending binge in 2009, when Democrats were in charge of both houses and Obama asked for — and got — a massive stimulus bill. Total outlays soared from $2.98 trillion in 2008 to $3.53 trillion in 2009 and $3.46 trillion in 2010 (these are fiscal years ending Sept. 30). Spending in 2011 peaked at $3.60 trillion, but pulled back to an estimated $3.54 trillion in 2012.

• Presidents are required to submit budgets. Obama’s budgets called for the deficit spending he now claims wasn’t his fault.

A final thought: If Obama were just now taking office and if John McCain, say, had been president for the past four years, whose name would be on the debt problem? Hint: It wouldn’t be the new guy. (IBD)

Grade: F
But the moron, low-info, I-Dont-Wanna-Know Voter Grade: They don’t care.
Media Grade: F
Republican Grade: D
“Draining the Swamp” (Speaker Pelosi): Zzzzzzzzz
Failure is Success. Fear Is Hope.
Gotta Love America in 2013.

Political Cartoons by Jerry Holbert

Political Cartoons by Bob Gorrell

 Political Cartoons by Lisa Benson

Political Cartoons by Glenn Foden

 The GORE Point  🙂Michael Ramirez Cartoon

Indy’s Top 25 List

Inspired by Obama’s appearance on David Letterman.

Political Cartoons by Eric Allie

Please stop me when I get to the Bad stuff about Obama’s 4 years:

1. a Net loss of 1.3 million jobs overall.

2. Higher inflation due to devaluing of the dollar.

3. ANNUAL budget deficits in excess of a Trillion Dollars.

4. 15 million more people on Food Stamps.

5. More People than ever on Social Security Disability

6. Unemployment rate over 8% since February 2009. (the real one-U6- over 11%)

7. No Federal Budget since April 2009. $6 Trillion in NEW Debt.

8. Our Ambassador in Libya is killed and he’s still going on about an irrelevant film. Even though the evidence that it was a terrorist attack is overwhelming. But “the future must not belong to those who slander the prophet of Islam” according ton Obama in front of the UN.

9. More violent Illegal Aliens crossing the border because this administration is openly unwilling to do anything about it.

10. Fast & Furious

11. Health Care cost continue to rise even higher than they would have without Obamacare. And Obamacare is now going to cost 3 times as much as originally “promised” and it is even fully implemented yet.

12. Oh, yeah, it’s all Bush’s/Republicans/Christians/Rich people’s/Business’s Fault!

13. Totally unconcerned about Taxmageddon coming January 1st, 2013. Let alone the ObamaCare TAX.

14. Drones in US cities.

15. Let’s not meet with world leaders because we have opportunities to appear on David Letterman and The View.

16. Executive Fiats are the order of the day. Don’t get what you want, just go around the process. It’s good to be the King.

17. The Mom-In-Chief Michelle Obama will run your diet for you because you’re a moron. Mother Knows Best.

18. Nancy Pelosi: According to House Minority Leader Nancy Pelosi, Republicans are trying “suffocate the airwaves, suppress the vote, poison the debate, [so] people throw up their hands and say, ‘I just don’t even know if I want to participate in this.'” But, “we have to keep the campaign positive.”
🙂 And Nancy can’t be wrong, right?

19.  The Middle Class are NOT better off than they were 4 years ago when everything crashed.

Since the economic recovery started in June 2009, household incomes are down 5.7%, the Sentier data show, and they are down more than 8% since Obama took office. (IBD) But that’s Bush’s Fault! :)Four years later, with Obama running for re-election, it’s time to ask Americans: How’s that  Hope & change workin’ out for you?

20. First, the Congressional Budget Office released a detailed report on Obama’s massive electric car program. Its conclusion: The money “will have little or no impact on the total gasoline use and greenhouse gas emissions of the nation’s vehicle fleet over the next several years.”It also found that, even with the $7,500 tax credits, electric cars are a bad buy, costing owners far more over the life of the car than traditional gas-powered vehicles.Translation: Obama’s electric car subsidies are a complete and total waste of money. (IBD)The Chevy Volt (“ObamaCar”) loses $49,000 every time you sell one. Doesn’t that just say it all.
21. Over $500 Million wasted on Solar Power pie-in-the-sky. Solyndra, Ener 1, Beacon Power,Abound Solar, Amonix Solar,Spectra Watt, Eastern Energy, etc. all bankrupt all cost taxpayers money.
22. Inspirational Speeches23. If you disagree with a Liberal, choose one of the following: a) you’re a racist b) a moron c) you are in the pocket of rich people d) you want rich people to rape you blind.

24. Oh, yes, and the Immortal “YOU DIDN’T BUILD THAT!”
25. Fifty-five percent of small business owners and manufacturers would not have started their businesses in today’s economy, according to a new poll that also reports 69 percent say President Obama’s regulatory policies have hurt their businesses.“There is far too much uncertainty, too many burdensome regulations and too few policymakers willing to put aside their egos and fulfill their responsibilities to the American people,” said Jay Timmons, president of the National Association of Manufacturers, which commissioned the poll along with the National Federation of Independent Businesses. “To fix this problem, we need immediate action on pro-growth tax and regulatory policies that put manufacturers in the United States in a position to compete and succeed in an ever-more competitive global economy.” (Examiner)

Michael Ramirez Cartoon

Political Cartoons by Steve Breen

Political Cartoons by Chuck Asay

 Political Cartoons by Bob Gorrell
 Political Cartoons by Michael Ramirez

 Now go out there, full of Hope and Change and Vote for Obama because you want 4 more years just like this… 🙂

The Morning After Pill

$16 Trillion in Debt!

“If you turn away now — if you buy into the cynicism that the change we fought for isn’t possible — well, change will not happen,” said Obama. “If you give up on the idea that your voice can make a difference, then other voices will fill the void: lobbyists and special interests (socialists, marxists, hucksters 🙂 ); the people with the $10 million checks who are trying to buy this election (I bought the last one) and those who are making it harder for you to vote (for it to count because I favor illegal aliens and dead people); Washington politicians who want to decide who you can marry, or control health care choices that women should be making for themselves (so that’s why I crammed ObamaCare down your throat, so the government gets to decide who lives and who dies and when)

“Only you can make sure that doesn’t happen,” he urged. “Only you have the power to move us forward.”-Obama

“Have a surplus? Try a tax cut. Deficit too high? Try another. Feel a cold coming on? Take two tax cuts, roll back some regulations and call us in the morning,” he said.

VOTE FOR ME- THE OTHER GUY’S AN ASSHOLE!

Forward to the Past!

From the Stimulus Debate in 2009: Challenged by one Republican senator over the contents of the package, the new president, according to participants, replied: “I won.”

Give Me More Government of Give me Death!

“Early to bed and early to rise makes a man healthy, wealthy, and wise.”– Ben Franklin
What a Bastard!

“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”– Thomas Jefferson

Charles Krauthammer: We were assured, nonetheless, that the president is a saintly man, dispensing succor — health care (with free contraceptives), auto bailouts, fairness lawsuits — to his people. The flood of tears in the hall testified to the power of this spousal paean. Its brilliance lay in Michelle’s success in draining from Obama any hint of ideological or personal motivation.

The problem with swallowing the “he cares, therefore he does” line is that it so plainly contradicts what we’ve seen over the past four years. Barack Obama is a deeply committed social democrat who laid out an unashamedly left-liberal agenda at the very beginning of his presidency and then proceeded to try to enact it.

Obama passed Obamacare, regulated Wall Street, subsidized Solyndra because that fits an ambitious left-wing agenda developed in his youth, now made possible by his power: redistributionist, government-centered, disdainful of success, suspicious of private enterprise, committed to his own vision of social justice.

Also missing from the first lady’s speech was any hint of his outsized self-regard and personal ambition. Is he pursuing reelection because he cares? Or because it’s the ultimate vindication of the self-created man who came from nowhere to seize the prize? And whom defeat would turn into a historical parenthesis?

In 2008, Obama tellingly said that Ronald Reagan was historically consequential in a way that Bill Clinton was not. Obama clearly sees himself as the anti-Reagan, the man who reverses the 30-year conservative trajectory that Reagan launched (hence his consequentiality), and returns America to the 50-year liberal ascendancy that FDR began and Reagan terminated.

This makes you world-historical. This is what drives the man who kept inserting the phrase “New Foundation” in the major speeches he gave in the early months of his presidency. The slogan was meant to make him the rightful heir to the authors of the “New Deal” and “New Frontier.”

The phrase never took. But the ambition was unmistakable.

All this does not make Obama either bad or unique among presidents. But it does give lie to the lachrymose portrayal of him as the good family man writ large, presiding kindly over his flock.

His pledge in 2008 of “fundamentally transforming the United States of America” speaks to the largeness of both his ideology and his self-regard. That’s the far more plausible explanation of his drive to win, characterized by a ruthless single-mindedness that undid the Clintons in 2008 (and at times unhinged Bill) and that has so relentlessly demonized Romney in 2012.

The millions of dollars devoted to that demonization account for some of that 22-point “empathy gap.” Michelle’s soap-opera depiction of her husband as a man so infused with goodness that it spills over onto his grateful subjects was meant to maintain the other part of that gap.

I didn’t buy a word of it, but as a speech, Michelle’s was very effective. After all, what else do you say when you’re running for reelection in a land — as described so chillingly the next night by Elizabeth Warren — wracked with misery and despair?

So get in touch with your feelings and let’s all sing kumbuya together!

After all, we all belong to the Government!

Political Cartoons by Jerry Holbert

Political Cartoons by Robert Ariail

Progress

Food-stamp use reached a record 46.7 million people in June, the government said, as Democrats prepare to nominate President Barack Obama for a second term with the economy as a chief issue in the campaign.

Participation was up 0.4 percent from May and 3.3 percent higher than a year earlier and has remained greater than 46 million all year as the unemployment rate stayed higher than 8 percent. New jobless numbers will be released Sept. 7. Food-stamp spending, which more than doubled in four years to a record $75.7 billion in the fiscal year ended Sept. 30, 2011, is the U.S. Department of Agriculture’s biggest annual expense.

Remember, “food stamp president” is a racist term. 🙂

$16 Trillion Dollars in Debt! Congrats!

But don’t worry, that was Bush’s Fault. 🙂

Political Cartoons by Eric Allie

Michael Ramirez Cartoon

Housing Crisis: Previously unpublished court documents reveal that as a young lawyer from Chicago, President Obama’s lawsuit against big banks started inflating the housing bubble that created the mess he says he inherited.

We have often written that the true roots of our current economic crisis lay in the excesses of the 1977 Community Reinvestment Act as redefined under the Clinton administration. We have explained how community outreach by banks, under pressure from groups such as Acorn, was transformed into the mandatory credit issuance based not of creditworthiness, but on the basis of “fairness.”

“Redlining,” the activists argued, was the antithesis of the American dream of owning a home. Moreover, they insisted, everyone had the “right” to own a home. So the banks were forced to issue loans to people who couldn’t afford to pay them back. The banking system was forced to inflate a housing bubble that set us up for a near-catastrophic economic collapse.

This did not occur by accident, but by design at the hands of disciples of the Cloward-Piven strategy of overwhelming the system, causing it to collapse, then to be replaced by a worker’s paradise of redistributed income with the individual totally subservient to the greater good.

Presidential candidate Barack Obama called it the “fundamental transformation” of America, and he was there when the seeds of collapse were planted.

The Daily Caller has obtained and analyzed previously unpublished court documents relating to a class-action lawsuit filed in 1995 by young attorney Barack Obama on behalf of three lead plaintiffs and 180 subsidiary plaintiffs against Citibank for alleged discrimination in lending practices.

As the Daily Caller relates, “Obama’s lawsuit was one element of a national ‘anti-redlining’ campaign led by Chicago’s progressive groups, who argued that banks unfairly refused to lend money to people living within so-called ‘red lines’ around African-American communities.”

The discrimination lawsuit was initiated by Chicago progressive activist Fay Clayton in 1994. Obama’s employer, lawyer Judson Miner, joined with Clayton to file a class-action lawsuit a year later. Obama later introduced himself to Clayton as an “associate” on the case.

Citibank would settle the case, with $950,000 going to the lawyers, including Obama. But it gave only $20,000 to each of the three named plaintiffs, and included $360,000 in benefits to be divided among the 183 other clients. Their portion of the settlement was not in cash, but in coupons. About half of the 186 African-American clients in Obama’s lawsuit have since gone bankrupt or received foreclosure notices.

According to a 1998 Chicago Sun-Times report, Obama claimed $23,000 in billable hours for his role in the lawsuit. He would also garner large campaign donations from the mortgage industry, including at least $126,349 between 1989 and 2004, in cash, not coupons.

That settlement was only the tip of the iceberg. When Citibank, in April 1998, sought federal approval for a merger with Travelers Group, it only got OK from the Clinton administration progressives after it promised in May to provide $115 billion for anti-redlining loans. Anti-redlining promises made by other financial institutions added up to $600 billion between 1993 and 1998, according to a 2000 Treasury Department report.

We have heard a lot about the “vampire capitalism” of Bain Capital and its former chief, Mitt Romney. We have heard next to nothing about the “vampire socialism” of Barack Obama in helping to plant the seeds of economic collapse that he would exploit to his own political benefit later.

It was the progressive dreams of Barack Obama that would crash the nation’s economy in 2008, wipe out at least $4 trillion in equity and help keep the unemployment rate above 8% for four years.

As president, Obama would blame his predecessor, George W. Bush, and Wall Street. But before the housing market finally collapsed, it was a young lawyer named Barack Obama who helped put the wrecking ball in motion. (IBD)

And now he wants to keep it rolling for another 4 years.

NOVEMBER IS COMING!

Political Cartoons by Jerry Holbert

Political Cartoons by Robert Ariail

 Political Cartoons by Chuck Asay

 Political Cartoons by Jerry Holbert

Political Cartoons by Gary Varvel

 Political Cartoons by Bob Gorrell

Perception is Reality

Doctor Who Premieres Tonight! Yeah! 🙂

The Congressional Budget Office released its updated economic forecast on Wednesday, predicting that the U.S. deficit will hit $1.1 trillion by the end of this year.

So for the FOURTH YEAR IN A ROW the Democrats spend even more than they take in. But don’t worry, that”s the Republicans/Bush’s fault.
And the Solution: Tax the evil greedy hoarding rich! 🙂
The fact that someone as “smart” and as “good” as him is, after years, totally unable to do anything substantive about this poor economy is not his fault either.
He needs 4 more years and after that they won’t have the ability to oppose them so it will all good.
Political Cartoons by Chip Bok

If there was any doubt from skeptics about the complicity of the Obama administration in creating and directing the “new” General Motors –a.k.a Government Motors- the latest ballyhoo regarding sales figures and the Chevy Volt should convince even the doubters.

GM: Aug. Volt sales best yet says the Detroit News.

The Volt, through August, will have sales of 13,300, compared to 15,600 total sales of the Prius in 2001.

2001!!! You’re kidding right?  I suppose this is the Give us 11 years and we’ll sell like the Prius does…What a crock!

GM was forced to idle Detroit-Hamtramck Assembly for two stretches earlier this year because of sluggish demand for the Volt.

GM abandoned its 2012 U.S. sales forecast of 45,000 Volts, saying it would instead match supply to meet demand.

Sales of the plug-in Chevy Volt hit 7671 for calendar year 2011.

So they wanted to sell  45,000 this year (10,000 was the 2011 goal that they didn’t meet either) but have barely sold 20,000 in 2 years!

Toyota said its first-half Corolla sales total is 603,840.

GM Expects Volt Sales to Set Monthly Record says the normally sane Wall Street Journal.

Chevy Volt broke monthly sales record in August reports the Associated Press.

This is the point where the Liberal Greenie-Weenies want you to go “Wow!” I need to buy one they are so popular! 🙂

But like a lot of claims coming from Obama or one his corporate surrogates, the Volt sales numbers surely aren’t signs of success, but rather just the opposite. And if the doublespeak doesn’t point to government involvement in the development, sale and ultimate failure of the Volt, it certainly betrays a government mentality that believes that perception matters more than results.

And the difference between Obama’s perception and the actual results in our economy is the chasm where all of our jobs have gone. 

Because General Motors has sold only half the number of Volts that they said they would this year, and the company is idling the Volt production line to retool it for a car that’s actually selling: the Chevy Impala. (John Ransom)

And do you know what car is dueling it out with Toyota for the best selling car in the word: The Ford Focus. Ford, didn’t take any bailout money.

But the Electirc version of the Focus: For now, Ford’s chief says he’d be fine moving fewer than 5,000 Focus EVs in the model’s first full year.(Green autoblog).

General Motors has shut down its hybrid program for company’s next-generation of full-size pickup trucks and sport-utility vehicles. Currently, the Chevrolet Silverado, Tahoe, GMC Sierra, Yukon and Cadillac Escalade all use the two-mode hybrid technology.

Historically, the two-mode hybrid models have not sold well, and only yield minor improvements in overall fuel economy. In most applications, the two-mode hybrid system is rated at 20 miles per gallon in the city and 23 mpg highway.

GMI reports that it’s unusual for programs like this to be shut down so close to the launch of a new vehicle – the next-generation trucks/SUVs are scheduled to debut for the 2014 model year – but that many sources within GM are not surprised about the move. These new full-size hybrids were reportedly supposed to use an updated two-mode system, featuring a smaller displacement V8 engine, upgraded battery storage (using a more modern lithium-ion pack) and revamped electric motors, according to GMI.

When contacted by Autoblog, a GM spokesperson only stated that the automaker could “not comment on future products or related technologies.”(GREEN AUTOBLOG)

Perception is reality with Liberals and than means that they have to make you perceive perception not reality.

And this week the DNC has there convention which will be Orwell personified and about as Unreal and surreal as anything PT Barnum or Lewis Carroll could possibly write.

And the Leftist media that desperately did not want to broadcast the RNC convention will be slobbering and drooling all over themselves.

And the Perception: That they aren’t as radical as they are and that the Republicans are more radical than they are.

Or as Leftist author called the RNC Convention, “better known as the Gathering of Pasty White People,”….

After all, Perception is Reality.

And there are No Republicans other that Tired, old, rich, white guys after all.

FEAR IS HOPE!

…consider what this adds to the conversation about abortion and more generally, this election: nothing, actually. 

First of all, it falsely implies that Mitt Romney shares the Republican Party’s platform on abortion, which he does not. He’s in favor of it in cases of rape, incest, and if the mother’s life in endangered. Calling it “Romney and Ryan’s GOP,” however, clearly ties the candidate to a position that he has stated he will not support in office.

Second of all, the crude imagery of a woman staring at a hanger in a closet, contemplating that this is her only recourse for an abortion, runs totally contra to the supposed “civility” Obama desires. If this ad starts running in swing states near you, and our president doesn’t issue some sort of statement denouncing it, then one can only assume he doesn’t have a problem with the message and imagery. New tone, indeed. And in terms of persuading swing voters, the extremism on display in this ad will absolutely have the support of the Sandra Flukes of the world, but probably not your average suburban mom. She might be pro-choice, but she’s likely to find the tone off-putting and exaggerated.

Third, the Left’s obsession with abortion these days is creepy and pathetic. If they don’t feel confident that the nation will accept Obama’s economic ideology — which, clearly, they don’t, since they won’t talk about it — then their guy doesn’t deserve to be reelected. My grandmother always says, “Do today your nearest duty,” and right now, that’s the economy. Families aren’t hurting because of infringement on their “right” to an abortion; they’re hurting because many are down a paycheck thanks to high unemployment, and too much in taxes comes out of the paychecks they do receive. Address the issue at hand — the one that Americans care about — and stop trying to distract from the conversation with offensive, hyperbolic messaging. Besides, one of these days, the average American female voter will get sick of being reduced to her anatomy; it’s best to have something substantive to say about other “women’s” issues, too. (Katie Hicks)

FEAR IS HOPE

Perception is reality.

War is Peace.

Freedom is Slavery.

Ignorance is Peace.

All Hail Big Brother!

All Hail King Obama I!!!

Time’s Mark Halperin wrote last week that “Obama can’t win if he can’t swing the conversation away from the economy.” That’s a pretty amazing admission. The economy is the No. 1 issue on the minds of voters, and, beyond that, the central reality of Obama’s America. But to win the president has to steer clear.

That doesn’t leave a lot else. Hence, the racism of golf, the war on women, the carcinogenic properties of Mitt Romney. Democrat strategy 1992: It’s the economy, stupid. Democrat strategy 2012: It’s the stupidity, economists. (mark Steyn)

NOVEMBER IS COMING

Political Cartoons by Jerry Holbert

Political Cartoons by Ken Catalino
Michael Ramirez Cartoon

Deficits of Many Kinds

By the end of this year, the federal debt is expected to be $16.2 trillion, which is $6.2 trillion more than when President Obama first came into office four years ago. Moreover, new analysis by the Republican side of the Senate Budget Committee finds that, over the next 4 years, if Barack Obama remains president and his budget is enacted, $4.4 trillion will be added to the federal debt.

Here’s a chart illustrating the projected debt over the next four years:

As the chart notes, staying on the same path will mean that debt is expected to hit $17.5 trillion in 2013, $18.5 trillion in 2014, $19.4 trillion in 2015, and $20.3 trillion in 2016.

The last full year of Obama’s presidency, if he is reelected, will be 2016.

“Federal debt will increase to $25.4 trillion by the end of 2022, an increase of $10.6 trillion (72 percent) under the president’s budget policies,” the Senate Budget Committee notes. 

It’s been 1,212 days since Senate Democrats brought a budget to the Senate floor.

After 14 years at National Public Radio, Andrea Seabrook left in July and, to hear her talk about her experience covering Capitol Hill, it’s clear that she had one takeaway: It’s damn frustrating.

“I realized that there is a part of covering Congress, if you’re doing daily coverage, that is actually sort of colluding with the politicians themselves because so much of what I was doing was actually recording and playing what they say or repeating what they say,” Seabrook told POLITICO. “And I feel like the real story of Congress right now is very much removed from any of that, from the sort of theater of the policy debate in Congress, and it has become such a complete theater that none of it is real. … I feel like I am, as a reporter in the Capitol, lied to every day, all day. There is so little genuine discussion going on with the reporters. … To me, as a reporter, everything is spin.” (Politico)

NPR for heaven’s sake! NPR!! Yikes!

A SENIOR MOMENT

Americans nearing retirement age have suffered disproportionately after the financial crisis: along with the declining value of their homes, which were intended to cushion their final years, their incomes have fallen sharply.

The typical household income for people age 55 to 64 years old is almost 10 percent less in today’s dollars than it was when the recovery officially began three years ago, according to a new report from Sentier Research, a data analysis company that specializes in demographic and income data.

 

As of June, the median household income for all Americans was $50,964, or 4.8 percent lower than its level three years earlier. (KFYI)

But I’m sure that’s Bush’s Fault! 🙂 We Need more entitlements!! 🙂
Michael Ramirez Cartoon
Political Cartoons by Henry Payne

 Political Cartoons by Chuck Asay

 Political Cartoons by Glenn McCoy