Tag Archives: Budget

Ladies and Gentlemen, the Axe, Please

This article, originally posted in August, 2011, has taken on new significance in the shadow of the fiscal cliff.  It has been accessed over 1,500 times in the past 3 months and has had 307 Hits since last midnight.  To save our beloved readers the hassle of searching for it, I’m reposting it !  ~LTG

Doug Parris at The Reagan Wing has posted a  list of Government programs and entities for the Taxpayers’ chopping block.   What do you think? ~LTG

Ladies and Gentlemen, the Axe, Please.

  • National Endowment for the Arts (Can’t sell your art privately?)
  • National Wild Horse and Burro Program (Huh?)
  • Dept. of Education
  • Dept of Energy
  • Environmental Protection Agency
  • Dept. of Transportation
  • National Highway Traffic Safety Administration
  • FEMA (a corrupt organization if there ever was one–leave it to charities)
  • FDIC (a sham program with only a fraction of funds needed to save banks)
  • Freddy Mac &
  • Fannie Mae (helped cause present economic conditions)
  • Administration on Aging (AoA)
  • Administration for Children and Families (ACF)
  • Administration on Developmental Disabilities (ADD)
  • Administration for Native Americans (ANA)
  • Children’s Bureau (CB)
  • Family and Youth Services Bureau (FYSB)
  • Head Start Bureau (HSB)
  • Healthy Marriage Initiative (HMI)
  • Low Income Home Energy Assistance Program (LIHEAP)
  • Office of Child Support Enforcement (OCSE)
  • Office of Community Services Block Grant (OCS)
  • Office of Family Assistance (OFA)
  • Temporary Assistance for Needy Families (TANF)
  • Office of Refugee Resettlement (ORR)
  • President’s Committee for People with Intellectual Disabilities (PCPID)
  • Agency for Healthcare Research and Quality (AHRQ)
  • Agency for Toxic Substances and Disease Registry (ATSDR)
  • Centers for Medicare and Medicaid Services (CMS)
  • Health Resources and Services Administration (HRSA)
  • Indian Health Service (IHS)
  • National Institutes of Health (NIH)
  • Office for Civil Rights (OCR)
  • Office of Minority Health (OMH)
  • Program Support Center (PSC)
  • Substance Abuse and Mental Health Services Admin.(SAMHSA)
  • Office of the National Coordinator for Health Information Technology (ONCHIT)
  • Center for Faith-Based and Community Initiatives (CFBCI)
  • Employees’ Compensation Appeals Board (ECAB)
  • Employment Standards Administration (ESA)
  • The Office of Labor-Management Standards (OLMS)
  • Office of Workers’ Compensation Programs (OWCP)
  • Wage and Hour Division (WHD)
  • Employment and Training Administration (ETA)
  • Employee Benefits Security Administration (EBSA)
  • Women’s Bureau (WB)
  • Job Corps
  • Bureau of East Asian and Pacific Affairs
  • Bureau of Economic and Business Affairs
  • Bureau of Educational and Cultural Affairs
  • Internet Access and Training Program
  • Bureau of European and Eurasian Affairs
  • Bureau of Human Resources
  • Bureau of Information Resource Management
  • Bureau of Intelligence and Research
  • Bureau for International Narcotics and Law Enforcement Affairs
  • Bureau of International Organization Affairs
  • Bureau of International Security and Nonproliferation
  • Bureau of Legislative Affairs
  • Bureau of Near Eastern Affairs
  • Bureau of Oceans and International Environmental and Scientific Affairs
  • Bureau of Overseas Buildings Operations
  • Bureau of Political-Military Affairs
  • Bureau of Population, Refugees, and Migration
  • Bureau of Public Affairs
  • Bureau of Resource Management
  • Bureau of South Asian Affairs
  • Bureau of Verification, Compliance, and Implementation
  • Bureau of Western Hemisphere Affairs

And now also the axe is laid unto the root of the trees: therefore every tree which bringeth not forth good fruit is hewn down, and cast into the fire.

  • National Foreign Affairs Training Center (former Foreign Service Institute)
  • Office of International Information Programs
  • Office of the Legal Adviser
  • Office of Management Policy
  • Office of Protocol
  • Office of the Science and Technology Adviser
  • Office of War Crimes Issues
  • Car Allowance Rebate System (Cash for Clunkers)
  • Cash for Appliances Program
  • Bureau of the Public Debt
  • Community Development Financial Institution Fund (CDFI)
  • FHA
  • HUD
  • INDEPENDENT AGENCIES Of the U.S. GOVERNMENT;
  • National health and insurance system
  • African Development Foundation
  • Advisory Council on Historic Preservation (ACHP)
  • Agency for International Development (USAID)
  • American Battle Monuments Commission (ABMC)
  • Appalachian Regional Commission (ARC)
  • U.S. Arctic Research Commission (USARC)
  • US Commission on Civil Rights (USCCR)
  • Commission on Security and Cooperation in Europe (CSCE)
  • Corporation for National and Community Service (CNCS)
  • Court Services and Offender Supervision Agency (CSOSA)
  • Delaware River Basin Commission (DRBC)
  • Equal Employment Opportunity Commission (EEOC)
  • Export-Import Bank of the United States (ExIm)
  • Farm Credit Administration (FCA)
  • Federal Communications Commission (FCC)
  • Federal Maritime Commission
  • Federal Mine Safety & Health Review Commission (FMSHRC)
  • Federal Reserve System
  • Federal Retirement Thrift Investment Board
  • Federal Trade Commission (FTC)
  • Foreign Claims Settlement Commission of the United States (FCSC)
  • General Services Administration (GSA)
  • Institute of Museum and Library Services (IMLS)
  • Inter-American Foundation (IAF)
  • International Trade Commission (ITC)
  • Learn and Serve America (LSA)
  • National Capital Planning Commission (NCPC)
  • National Credit Union Administration (NCUA)
  • National Endowment for the Humanities (NEH)
  • National Ice Center (NIC)
  • National Labor Relations Board (NLRB)
  • National Railroad Passenger Corporation (Amtrak) (NRPC)
  • National Science Foundation (NSF)
  • National Transportation Research Center (NTRC)
  • Office of Government Ethics (OGE)(LOT OF GOOD THEY DO)
  • Office of Personnel Management (OPM)
  • Pension Benefit Guaranty Corporation (PBGC)
  • Selective Service System (SSS)
  • Senior Corps
  • Small Business Administration (SBA)
  • Susquehanna River Basin Commission (SRBC)
  • Tennessee Valley Authority (TVA)
  • United States Trade and Development Agency (TDA)

BOARDS AND COMMISSIONS;

  • Financial crisis inquiry commission
  • Administrative Committee of the Federal Register
  • American Battle Monuments Commission
  • Appalachian Regional Commission
  • Architectural and Transportation Barriers Compliance Board (Access Board)
  • Arctic Research Commission
  • Arthritis and Musculoskeletal Interagency Coordinating Committee
  • Barry M. Goldwater Scholarship and Excellence in Education Foundation
  • Broadcasting Board of Governors
  • Chemical Safety and Hazard Investigation Board
  • Chief Acquisition Officers Council
  • Chief Financial Officers Council
  • Chief Human Capital Officers Council
  • Chief Information Officers Council
  • Citizens’ Stamp Advisory Committee

We’re taking food out of the mouths of children to subsidize worthless, indolent and illegal bureaucracies

  • Commission of Fine Arts
  • Commission on International Religious Freedom
  • Commission on Security and Cooperation in Europe (Helsinki Commission)
  • Commission on the Intelligence Capabilities of the United States
  • Commission on the Intelligence Capabilities of the United States Regarding Weapons of Mass Destruction
  • Committee for Purchase from People Who Are Blind or Severely Disabled
  • Committee for the Implementation of Textile Agreements
  • Committee on Foreign Investments in the United States
  • Coordinating Council on Juvenile Justice and Delinquency Prevention
  • Delaware River Basin Commission
  • Denali Commission
  • Endangered Species Committee
  • Federal Accounting Standards Advisory Board
  • Federal Advisory Committees
  • Federal Executive Boards
  • Federal Financial Institutions Examination Council
  • Federal Financing Bank
  • Federal Geographic Data Committee
  • Federal Interagency Committee for the Management of Noxious and Exotic Weeds (GOTTA LOVE THAT ONE!)
  • Federal Interagency Committee on Education
  • Federal Interagency Council on Statistical Policy
  • Federal Laboratory Consortium for Technology Transfer
  • Federal Library and Information Center Committee
  • Harry S. Truman Scholarship Foundation
  • Illinois and Michigan Canal National Heritage Corridor Commission
  • Indian Arts and Crafts Board
  • Interagency Alternative Dispute Resolution Working Group
  • Interagency Council on Homelessness
  • Interstate Commission on the Potomac River Basin
  • J. William Fulbright Foreign Scholarship Board
  • James Madison Memorial Fellowship Foundation
  • Japan-United States Friendship Commission
  • Joint Board for the Enrollment of Actuaries
  • Joint Fire Science Program
  • Marine Mammal Commission
  • Migratory Bird Conservation Commission
  • Millennium Challenge Corporation
  • Mississippi River Commission
  • Morris K. Udall Foundation: Scholarship and Excellence in National Environmental Policy
  • National Bipartisan Commission on the Future of Medicare
  • National Indian Gaming Commission
  • National Park Foundation
  • Northwest Power Planning Council
  • Nuclear Regulatory Commission
  • Nuclear Waste Technical Review Board
  • Presidio Trust
  • Regulatory Information Service Center
  • Social Security Advisory Board
  • Susquehanna River Basin Commission
  • Taxpayer Advocacy Panel
  • United States Holocaust Memorial Museum
  • Veterans Day National Committee
  • Vietnam Educational Foundation
  • White House Commission on Presidential Scholars – “Presidential Scholars Program”
  • White House Commission on the National Moment of Remembrance

Swarms of officers sent hither to harass our people, and eat out their substance. (No wonder we’re broke.)

Now what Presidential Candidate would do that??

a non-politician.

What’s at stake?

Prosperity or Poverty.

only that.

Barack and Michelle Have a History of Poor Money Management

The above video clip from last month shows the president hasn’t progressed from the magical thinking of financial reality he first practiced with MichelleIn August, 2011, Fellowship of the Minds published this “Magic Beans” financial strategy practiced by the newlywed Obamas. 

Would you believe the “smartest man in the room” and his lovely and talented helpmeet, Michelle, have a poor track record in budgeting family finances?  Their behavior as the “First Couple” confirms these people are clueless on the value of money and where it comes from.  Indeed, Michelle referred to the first substantial income they had as a couple as “magic beans”, (the royalties from “Dreams of My Father”).  Prior to that, it sounds like they would have qualified for a Dr. Phil-style intervention for profligate spending.

~LTG

President Obama’s troubling mantra: In debt, we trust

By Richard Henry Lee

Friday, May 1st 2009, 4:36 PM

It is no surprise that President Obama supports unprecedented spending and borrowing in the federal budget since he has never suffered any consequences from the excessive spending and borrowing in his private life.

And I’m not just talking about the First Lady’s $540 sneakers.

A close examination of their finances shows that the Obamas were living off lines of credit along with other income for several years until 2005, when Obama’s book royalties came through and Michelle received her 260% pay raise at the University of Chicago. This was also the year Obama started serving in the U.S. Senate.

During the presidential primary campaign, Michelle Obama complained how tough it was to make ends meet. During a stop in Ohio, she said, “I know we’re spending – I added it up for the first time – we spend between the two kids, on extracurriculars outside the classroom, we’re spending about $10,000 a year on piano and dance and sports supplements and so on and so forth.”

Let’s examine how tough things were for this couple using various public records.

In April 1999, they purchased a Chicago condo and obtained a mortgage for $159,250. In May 1999, they took out a line of credit for $20,750. Then, in 2002, they refinanced the condo with a $210,000 mortgage, which means they took out about $50,000 in equity. Finally, in 2004, they took out another line of credit for $100,000 on top of the mortgage.

Tax returns for 2004 reveal $14,395 in mortgage deductions. If we assume an effective interest rate of 6%, then they owed about $240,000 on a home they purchased for about $159,250.

This means they spent perhaps $80,000 beyond their income from 1999 to 2004.

Budget Crisis for Dummies

H/T  Roger Fredinburg

~LTG

Wild Bill Takes on the Neutered DC Republicans

~LTG

 

Quote of the Decade with Nomination for Best 2012 Campaign Poster

THEN – 2006

“The fact that we are here today to debate raising America ’s debt limit is a sign of leadership failure.  It is a sign that the US Government cannot pay its own bills.  It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. Increasing America ’s debt weakens us domestically and internationally.  Leadership means that, the buck stops here.  Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren.  America has a debt problem and a failure of leadership.  Americans deserve better.”

~  Senator Barack H. Obama, March 2006! 

NOW-2011

 

h/t Rev Bob Liichow

~LTG

Floyd Brown Lays it on the line about Mitch McConnell’s Betrayal

Floyd Brown UNLEASHED

July 20, 2011 by Doug Parris

GOP BETRAYAL UNMASKED

When I met Floyd Brown in 1989 he was considered a political prodigy. Before the age of 30 he had successfully managed a presidential campaign in four states. Within a year his advertising talent was being given credit for winning a Republican Presidency. Within three years he published SLICK WILLY, simply as a warning America should have heeded. He went on to exploits with  frequent radio and TV appearances, founding Citizens United which struck down unconstitutional restraints on free speech with their Supreme Court case, before founding ExposeObama.com.  He developed personal contact with virtually everyone in the conservative movement. I was proud to have worked with him.

Despite Floyd’s unflinching conservatism, he was always extraordinarily careful about his political moves, finding myriad ways to avoid unnecessary conflicts within the GOP.

So when his language becomes as harsh as follows, below, you know there is an emergency.

It was the last straw. Continue reading

A Man (GOP) with a Set Maybe.

Stop the presses. I think we have a Repub with a Spine. . ~Steve~

 

Freshman Republican Ron Johnson, sent to Washington by the voters of Wisconsin, has issued a threat to Senate Democrats:

Do the job you were sent here to do and present a budget or I’ll use arcane Senate rules to shut the place down.

National Review reviews Johnson’s threat:

America is going bankrupt, and the Senate refuses to pass a budget,” Johnson said. “Unfortunately, this has become business as usual in Washington.” If fact, it’s been almost 800 days since the Senate has done so under Democratic leadership.

As a freshman senator, Johnson said he was sent to Washington to reject “business as usual,” and that is exactly what he intends to do. “America is simply too precious to subject out financial future to Washington’s ‘business as usual,’” he said. “So unless we receive some assurance from the Democrat leadership that we will actually start addressing our budget out in the open, in the bright light of day — I will begin to object. I will begin to withhold my consent.”

For The rest of the story Pls go HERE


California Businesses Are Calling the Moving Vans

193 businesses in California decided o Disinvest and/or Relocate last year  and  79 more followed suit  in California so far this year.  This represents thousands of  lost jobs, high unemployment costs and huge revenue loss to the state.   

There’s a FIFTEEN BILLION DOLLAR BUDGET DEFICIT  Yet, the teachers, through their unions, are demanding more money  and job security from Sacramento?  Where do they think money comes from?   Yeesh!

If you want to track the disaster that is the California business climate, Joe Vranich’s blog ,The Business Relocation Coach is a great place to start.  He lists the companies  that are moving, where they’re moving to, and how many jobs they will be creating in their new, business-friendly locations.    This guy really knows his onions!

~LTG

Obama’s Bullet Train to Bankruptcy- Palin at Madison 4-16-11

Listen for her classic “WTF”  reference at 11:10- acronym of  the Obama 2012 Campaign Slogan. 

~LTG

Screwed by the Speaker

Government Do These Numbers Show the Budget Deal Was a ‘Gigantic Fraud?’

Mark Levin has already called the budget deal an “historic scam.” Now, respected website Business Insider and its number cruncher Joe Weisenthal have dubbed it a “gigantic fraud,“ while conservative cornerstone National Review calls it a ”fake.” And when you see the numbers, you might agree.

Weisenthal had a look at the analysis put out by National Journal (via the CBO) that says the total savings from the new deal (possible pun) are nowhere near the touted $38 billion. That number is only reached by numbers gimmicks. Rather, the number is closer to $352 million. NJ explains:

A comparison prepared by the CBO shows that the omnibus spending bill, advertised as containing some $38.5 billion in cuts, will only reduce federal outlays by $352 million below 2010 spending rates. The nonpartisan budget agency also projects that total outlays are actually some $3.3 billion more than in 2010, if emergency spending is included in the total.

The astonishing result, according to CBO, is the result of several factors: increases in spending, especially at the Defense Department; decisions to draw over half of the savings from recissions; and cuts to reserve funds and and money for mandatory-spending programs that might never have been spent.

Here’s what Weisenthal has to say about that:

[Y]esterday’s analysis showed that the savings were probably just half [of the $38 billion], since a lot of the savings came from not spending money that was never going to be spent.Turns out, the spending cuts are even more minimal than that.

So yeah, total joke. This certainly doesn’t make it any easier for Tea Partiers to vote for the deal, or for Boehner to come up with another compromise when debt ceiling time comes.

“Total joke” in a piece that includes “gigantic fraud” in the title. That’s not good. But wait, there’s more.

The editors of National Review put out a scathing piece saying essentially the same thing (in many more words). They even used the word “fake” on their front page:

Here’s what they had to say:

We initially supported the deal House Speaker John Boehner cut with the White House to cut $38.5 billion from the rest of the fiscal year 2011 budget. It was only a pittance in the context of all of Washington’s red ink, but it seemed an acceptable start, even if we assumed it would be imperfect in its details. What we didn’t assume was that the agreement would be shot through with gimmicks and one-time savings. What had looked in its broad outlines like a modest success now looks like a sodden disappointment.

After describing some of the gimmicks used to reach the large number, the editors go on to blast Speaker John Boehner:

There’s realism and then there’s cynicism. This deal — oversold and dependent on classic Washington budget trickery — comes too close to the latter. John Boehner has repeatedly said he’s going to reject “business as usual,” but that’s what he’s offered his caucus. It’s one thing for Tea Party Republicans to vote for a cut that falls short of what they’d get if the controlled all of Washington; it’s another thing for them, after making so much of bringing transparency and honesty to the Beltway, to vote for a deal sold partly on false pretenses.

 

Boehner is a joke and a shameless liar just like Obama. We are truly screwed.

Posted by Tom in NC