Monday, July 25, 2011

Barker's Newsbites: Monday, July 25, 2011


Because live is always best...
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5 comments:

William R. Barker said...

http://www.washingtontimes.com/news/2011/jul/24/curl-is-obama-a-pathological-liar/

* FOLKS... JUST CLICK THE LINK... READ THE ARTICLE.

(*SHRUG*)

* ALL I CAN TELL YOU IS THAT IT JIBES WITH EVERYTHING I'VE HEARD THAT I BELIEVE.

(*SHRUG*)

July 25, 2011 at 10:22 AM
William R. Barker said...

http://online.wsj.com/article/SB10001424052702303661904576456343639096646.html?mod=WSJ_Opinion_LEADTop

* ANOTHER ONE WHERE I SIMPLY URGE YOU TO CLICK THE LINK AND READ THE ARTICLE.

* IF THE LINK DOESN'T WORK, THE TITLE IS "The Truth Comes Out in Honduras" BY MARY ANASTASIA O'GRADY.

* HERE'S THE KEY LINE:

[The Acting President of Hondurus,] Mr. Micheletti testified that U.S. Ambassador Hugo Llorens was party to this pressure on [the Honduran] Congress to break the law.

* FOLKS... YOU MUST UNDERSTAND WHO OBAMA IS... YOU MUST UNDERSTAND WHO HILLARY CLINTON AND ERIC HOLDER ARE.

July 25, 2011 at 10:56 AM
William R. Barker said...

http://paul.house.gov/index.php?option=com_content&view=article&id=1896:the-pesky-neighbor-and-the-debt-ceiling&catid=62:texas-straight-talk&Itemid=69

* BY CONGRESSMAN RON PAUL (R-TX)

Imagine you had a pesky neighbor who somehow took out a mortgage on his house in YOUR name and by some legal trickery YOU were obligated to pay for it.

Imagine watching this neighbor throw drunken parties, buy expensive cars, add more rooms to the house, and hire dozens of people to wait on him hand and foot.

Imagine that he also managed to take out several credit cards in your name. One by one, he would max them out and then use your good name and credit to obtain another credit card, then another and then another. Each time, this neighbor would claim that he needed the new credit card to pay interest on the other maxed out credit cards. If he defaulted on those cards, your credit score would be hurt and when you wanted to buy something for yourself, it would be more difficult to get a loan and the interest you paid would be higher.

Imagine that you mulled this over, and time after time, said nothing as he filled out more credit applications so he would not have to default on the other debt taken out in your name.

Meanwhile, another shiny new Mercedes appears in his driveway.

At what point do you think you might get tired of this game?

And, even though you are left with no really good options, do you think you might eventually tell him to go ahead and default, just stop spending your money!

This analogy demonstrates the position we are in with our government and the debt ceiling. The government has run up a huge debt in the name of the American people, who are sick and tired of being on the hook for it. There are no really good options left. Defaulting on a portion of the debt may not be without costs, but it is better than handing the government yet another credit card.

* NOT THAT WE'D ACTUALLY BE "DEFAULTING" ON AN "DEBT." WHAT WE'RE TALKING ABOUT IS FACING REALITY AND TELLING SPECIAL INTEREST GROUPS THAT THEY'VE KILLED THE GOLDEN GOOSE AND THERE ARE NO MORE GOLD EGGS.

The government is using the usual scare tactics to strong-arm the people into going along with more spending.

Remember the rhetoric surrounding the big bailout of October 2008?

We were told, not that this would be calamitous for the banks, but for the people, who would continue to experience massive job losses and foreclosures.

We were told that the economy would sink into a deep recession if this money was not handed out to too-big-to-fail corporate cronies.

So, after much hand-wringing, "leaders" from both parties, against unprecedented public outcry, agreed to shower money on the banks and increase the debt.

* AND HOW'D THAT WORK OUT, FOLKS...? (*JUST SHAKING MY HEAD*)

The banks learned nothing, except that Washington will come to their rescue, no matter what. The people, however, continued to lose their jobs and houses anyway, and here we are, still in a deep recession.

When you read the above example, your first reaction might have been to dismiss the neighbor's debt as illegitimate and in no way your responsibility or your problem.

You would be right.

No fair-minded legal system would hold you responsible for such a debt, and would instead cart your thieving neighbor off to jail.

Yet...

Congress can impose liabilities on you, your children, and grandchildren without your consent, and even without your knowledge. This is another example of government holding itself above the law. Much like the TSA claims the right to molest us, yet arrested a woman who turned the tables last week, stealing somehow becomes legitimate when the government does it.

We supposedly live in a nation of laws. For once, government needs to heed the law regarding the debt ceiling.

July 25, 2011 at 2:00 PM
William R. Barker said...

http://www.washingtonpost.com/blogs/right-turn/post/obama-kills-bipartisan-deal-then-reid-resorts-to-smoke-and-mirrors/2011/03/29/gIQAF3YLYI_blog.html

The Washington Post reports, “Senate Democrats are preparing to introduce legislation that would avert a national default on Aug. 2 and achieve $2.7 trillion in deficit savings over the next decade without raising taxes.”

But Senate Majority Leader Harry Reid is devising a sham that will never pass muster in the House.

A Capitol Hill source with knowledge of the plan tells Jennifer Rubin of the Washington Times, “It includes $1.2 trillion in OCO [Overseas Contingency Operations] savings . . . which was assumed anyway...

(*JUST SHAKING MY HEAD IN DISGUST*)

...$1.2 trillion (over $1.1 trillion less than Majority Leader Eric Cantor identified in the Biden talks)...

(*STILL SHAKING MY HEAD*)

...and $300 billion in interest savings.”

(*SNORT*) WHICH IS YET ANOTHER TOTAL FRAUD BECAUSE ONE CAN'T GUARANTEE FUTURE INTEREST RATES!

A Senate aide says dryly that Reid “has about a trillion in ‘savings’ from ending the war in Iraq that’s already going to end.”

And a disgusted House adviser bluntly tells [Ms. Rubin] that Reid’s plan “isn’t real.”

July 25, 2011 at 5:02 PM
William R. Barker said...

http://www.foxnews.com/politics/2011/07/25/congress-warned-credit-downgrade-if-war-savings-counted-as-deficit-reduction/

Senate Democrats' inclusion in their proposed debt package of $1 trillion in savings from the wars in Iraq and Afghanistan may not satisfy ratings agencies threatening a credit downgrade since the wars were expected to end with or without a debt deal.

* FOLKS... EVEN I'M AMAZED THAT THE DEMS TRIED TRIED TO SNEAK THIS LATEST DECEIT IN.

The budget gimmick is one that has been used by both parties. President Obama and House Speaker John Boehner had earlier considered employing it during discussions that have since broken down. Now Senate Democratic Leader Harry Reid is using the trick in his $2.7 trillion deficit-reduction plan, according to aides. Boehner has not indicated where he would draw his savings, totaling up to $3 trillion.

* ET TU BOEHNER...???

* FOLKS... KEEP TUNING IN; YOU CAN TRUST ME TO HIGHLIGHT EVERY CROOKED DEAL THESE BASTARDS TRY TO SELL!

To put the numbers in perspective, the Congressional Budget Office estimated earlier this year that U.S. budget deficits would total $7 trillion over the coming decade. But to reach $1 trillion in war costs, budget scorekeepers simply look at current funding for the wars and spread that out over 10 years, rather than projecting what is going to happen in the future.

* SCUMBAGS. ABSOLUTE SCUMBAGS.

"The way the CBO constructs the baseline is it extrapolates current law, and the current law is that we are funding the wars in Iraq and Afghanistan," former CBO Director Douglas Holtz-Eakin told FoxNews.com. "The trouble is that CBO's baseline is not what anyone really thinks will happen."

* THE FACT THAT THE FORMER HEAD OF THE CBO IS RISKING HIS CAREER - HIS LIVELIHOOD - BY PUBLICLY "OUTING" THE MOST POWERFUL POLITICIANS (OF BOTH PARTIES!) IN WASHINGTON... THAT TELLS YOU HOW DESPERATELY HE FEELS WE THE AMERICAN PEOPLE NEED TO KNOW THE TRUTH!

"I don't think it'll be compelling to markets or ratings agencies," he said. "Since this spending was going to go away anyway, it would not constitute an improvement. And they want improvements."

A new memo from Goldman Sachs also suggests Congress could end up imperiling the U.S. credit rating by counting war savings. The memo, provided to Fox News by a GOP aide, said that if the Senate plan and its supposed war savings passes without a follow-up process, "a ratings downgrade could ensue."

* FOLKS... UNDERSTAND... THIS IS THE TEA PARTY... THESE ARE THE REAL REPUBLICANS DESPERATELY FIGHTING FOR WHAT'S RIGHT - EVEN IF IT MEANS GOING UP AGAINST BOEHNER AND THE RINO BULLS.

Nearly half of the deficit reduction in Reid's plan would come from phantom war savings, according to the Goldman memo.

* FOLKS... IT WHAT THIS REPORTING IS SAYING IS THAT BOEHNER MAY BE "PREPARED" TO ACCEPT MISLEADING SMOKE AND MIRRORS ACCOUNTING IN ORDER TO GET A DEAL... BUT... IT'S REID AND THE DEMS WHO ARE INSISTING ON THE SMOKE AND MIRRORS!

The budget deficit went from $161 billion in 2007 under George W. Bush to more than $450 billion in 2008, before soaring to a projected $1.5 trillion this year under Obama. Both presidents dealt with war costs, but budget tables show that as tax revenues fell, discretionary and entitlement spending rose significantly over the past few years. Mandatory spending rose by nearly $500 billion between 2007 and 2010. Federal spending as a percentage of GDP rose from 19.6% in 2007 to 23.8% in 2010.

* FOLKS...! IT'S THE SPENDING...!!! IT'S THE F--KING SPENDING...!!! (AND BTW... IN 2007... AND 2008... AND 2009... AND 2010... PELOSI, REID, AND THE DEMS HAD COMPLETE CONTROL OF BOTH THE HOUSE AND SENATE. THAT'S NOT A PARTISAN TALKING POINT; THAT'S THE FACT!)

July 25, 2011 at 5:16 PM

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