Wednesday, January 25, 2012
Barker's Newsbites: Wednesday, January 25, 2012
Well, folks, I didn't bother to watch President Obama's State of the Union (campaign) speech last night; the simple truth is... I've heard it all before.
Allow me, however, to post as a "featured newsbite" parts of an essay I read yesterday...
What is so special about April 29, 2009?
It’s the last time Congress passed a budget.
One thousand days later, we are operating without any plan.
* O-BAM-A! O-BAM-A! O-BAM-A!
Oh, the irony that it is today - I can’t wait to hear about it during the State of the Union tonight.
Just like last year's State of the Union.
(*SMIRK*)
The budget Obama tried to pass shortly thereafter, modeled on the ideas espoused during his speech, failed 97-0. It was so outrageous, not one Senator of either party would put his name to it.
* THIS BEARS REPEATING:
The budget Obama tried to pass shortly thereafter, modeled on the ideas espoused during his speech, failed 97-0. It was so outrageous, not one Senator of either party would put his name to it.
* ONE MORE TIME..
The budget Obama tried to pass shortly thereafter, modeled on the ideas espoused during his speech, failed 97-0. It was so outrageous, not one Senator of either party would put his name to it.
The last time the Senate passed a budget was on April 29, 2009. Since that date, the federal government has spent $9.4 trillion, adding $4.1 trillion in debt.
As of January 20, the outstanding public debt stands at $15,240,174,635,409. Interest payments on the debt are now more than $200 billion per year.
President Obama proposed a FY2012 budget last year, and the Senate voted it down 97–0. (And that budget was no prize—according to the Congressional Budget Office, that proposal never had an annual deficit of less than $748 billion, would double the national debt in 10 years and would see annual interest payments approach $1 trillion per year.)
The [Democrat controlled] Senate rejected House Budget Committee Chairman Paul Ryan’s (R–WI) budget by 57–40 in May 2011, with no Democrats voting for it.
In FY2011, Washington spent $3.6 trillion. Compare that to the last time the budget was balanced in 2001, when Washington spent $1.8 trillion ($2.1 trillion when you adjust for inflation).
Entitlement spending will more than double by 2050. That includes spending on Medicare, Medicaid and the ObamaCare subsidy program, and Social Security. Total spending on federal health care programs will triple.
By 2050, the national debt is set to hit 344 percent of Gross Domestic Product.
Taxes paid per household have risen dramatically, hitting $18,400 in 2010 (compared with $11,295 in 1965). If the 2001 and 2003 tax cuts expire and more middle-class Americans are required to pay the alternative minimum tax (AMT), taxes will reach unprecedented levels.
Federal spending per household is skyrocketing. Since 1965, spending per household has grown by nearly 162%, from $11,431 in 1965 to $29,401 in 2010. From 2010 to 2021, it is projected to rise to $35,773, a 22 percent increase.
So there you have it. We stopped having a budget with a Democrat in the White House, a Democrat-controlled Senate, and with a Democrat-controlled House of Representatives.
1000 days ago.
So how come they aren’t talking about it?
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http://online.wsj.com/article/SB10001424052970204616504577170853989728824.html?mod=WSJ_Opinion_AboveLEFTTop
Good news: It is not a felony if a bird happens to land on your property and dies.
At least not yet.
That's the ruling out of North Dakota, where a federal court last week dismissed a complaint by the Obama Justice Department against three oil companies under the Migratory Bird Act ("A Bird-Brained Prosecution," Sept. 29, 2011).
Continental Resources, Brigham Oil & Gas and Newfield Production Company were accused of causing the deaths of six Mallard ducks and one Say's Phoebe, which had waded in oil pits. The criminal charges carried fines and potential prison sentences.
(*SNORT*) FOLKS... YOU CAN'T MAKE THIS SHIT UP!
In a ruling that can only be called withering, district Judge Daniel Hovland contrasted "incidental and unintended" deaths during "legal, commercially-useful activity" with "hunting and poaching."
(*CLAP-CLAP-CLAP*)
The court rejected U.S. Attorney Timothy Purdon's "expansive interpretation of the law" because it "would yield absurd results": If the government's case carried the day, "many everyday activities become unlawful—and subject to criminal sanctions—when they cause the death of pigeons, starlings, and other common birds."
* PURDON SHOULD BE FIRED.
* FOLKS... THINK ABOUT IT... THIS INCOMPETENT NUTCASE WHO JUST WASTED ONLY GOD KNOWS HOW MUCH VALUABLE MANPOWER AND RESOURCES PURSUING THIS IS STILL ON THE PAYROLL - STILL IN A POSITION OF MAJOR RESPONSIBILITY AND POWER! WHY...?!?!
The court wrote that among the potential felonious bird-killing habits are cutting brush and trees, planting and harvesting crops, driving a vehicle, owning a building with windows and . . . "owning a cat." The court noted that cats kill "hundreds of millions" of birds each year and cars kill 60 million, while windows kill 97 million to 976 million.
In short, every American could be an unwitting criminal bird killer.
* FOLKS... YEAH... IN ONE SENSE THIS IS "FUNNY;" BUT IN A FAR MORE IMPORTANT SENSE IT'S ANYTHING BUT! AGAIN... THE FACT THAT PURDON IS APPARENTLY NOT BEING FIRED TELLS YOU EVERYTHING YOU NEED TO KNOW ABOUT THE OBAMA ADMINISTRATION.
By the way, Judge Hovland also noted that windmills kill "roughly 39,000 birds annually," yet the Justice Department has indicted no wind power company under the Migratory Bird Act.
* DOES WARREN BUFFETT OWN ANY WINDMILL FARMS? HOW'BOUT GE UNDER JEFF IMELT?
(*SMIRK*)
http://online.wsj.com/article/SB10001424052970203718504577179033260317346.html?mod=WSJ_Opinion_AboveLEFTTop
The IMF's Christine Lagarde delivered a speech in Berlin Monday warning that, without dramatic action, the world risked another Great Depression.
* AND BY "DRAMATIC ACTION" SHE MEANS MORE BAILOUTS... MORE DEBT... MORE FIAT SPENDING...
"A global world needs global firewalls," warned Ms. Lagarde, in a line her audience had probably heard before from several past managing directors of the Fund. But the real takeaway was her plea to increase IMF funding. "We estimate a global potential financing need of $1 trillion," she said. "To play its part, the IMF would aim to raise up to $500 billion in additional lending resources."
* HOW'BOUT THIS FOR AN ANSWER: "NO!"
* THE QUESTION IS... "WHAT WILL THE OBAMA ADMINISTRATION'S ANSWER BE...?"
* I'M NOT HOLDING MY BREATH FOR A "NO."
http://www.weeklystandard.com/blogs/mitch-danielss-response-state-union_618456.html?nopager=1
* EXCERPTS FROM MITCH DANIEL's SOTU RESPONSE:
The President did not cause the economic and fiscal crises that continue in America tonight. But he was elected on a promise to fix them, and he cannot claim that the last three years have made things anything but worse: the percentage of Americans with a job is at the lowest in decades. One in five men of prime working age, and nearly half of all persons under 30, did not go to work today.
In three short years, an unprecedented explosion of spending, with borrowed money, has added trillions to an already unaffordable national debt. And yet, the President has put us on a course to make it radically worse in the years ahead. The federal government now spends one of every four dollars in the entire economy; it borrows one of every three dollars it spends. No nation, no entity, large or small, public or private, can thrive, or survive intact, with debts as huge as ours.
The President’s grand experiment in trickle-down government has held back rather than sped economic recovery. He seems to sincerely believe we can build a middle class out of government jobs paid for with borrowed dollars. In fact, it works the other way: a government as big and bossy as this one is maintained on the backs of the middle class, and those who hope to join it. [N]o one has been more tragically harmed than the young people of this country, the first generation in memory to face a future less promising than their parents did.
Contrary to the President's constant disparagement of people in business, it's one of the noblest of human pursuits. The late Steve Jobs - what a fitting name he had - created more of them than all those stimulus dollars the President borrowed and blew.
Out here in Indiana, when a businessperson asks me what he can do for our state, I say ‘First, make money. Be successful. If you make a profit, you'll have something left to hire someone else, and some to donate to the good causes we love.
The extremism that stifles the development of homegrown energy, or cancels a perfectly safe pipeline that would employ tens of thousands, or jacks up consumer utility bills for no improvement in either human health or world temperature, is a pro-poverty policy. It must be replaced by a passionate pro-growth approach that breaks all ties and calls all close ones in favor of private sector jobs that restore opportunity for all and generate the public revenues to pay our bills.
* HEAR! HEAR!
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