Thursday, October 17, 2013

Barker's Newsbites: Thursday, October 17, 2013


Well, folks... another loss for the American People yesterday... another betrayal engineered by the Establishment GOP.

 I'll address my concerns via newsbites and probably a few stand-alone posts throughout the day.

 I'm just so disgusted.

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3 comments:

William R. Barker said...

http://www.senateconservatives.com/site/post/2312/mcconnell-deal-includes-kentucky-kickback

The Senate Conservatives Fund (SCF) criticized U.S. Senator Mitch McConnell (R-KY) Wednesday for allowing a $2 billion Kentucky earmark to be added to the debt deal he negotiated with U.S. Senator Harry Reid (D-NV). SCF Executive Director Matt Hoskins made the following statement:

"Americans are familiar with the 'Cornhusker Kickback' that Nebraska Senator Ben Nelson was given in exchange for his vote on ObamaCare. Well now Kentucky Senator Mitch McConnell has an ObamaCare earmark of his own. The McConnell-Reid deal not only funds ObamaCare and suspends the debt limit, it also includes a provision in Section 123 that increases funding for the Olmsted Locks and Dam in Kentucky from $775 million to $2.9 billion."

* FROM $775 MILLION TO $2.9 BILLION...

* FOLKS... MCCONNELL NOT ONLY BETRAYED US... HE PERSONALLY PROFITED (PORK FOR HIS STATE REBOUNDS AS CAMPAIGN FODDER FOR HIS RE-ELECTION CAMPAIGNS) WHILE FURTHER EXPANDING DEFICIT SPENDING!

"In exchange for funding ObamaCare and raising the debt limit, Mitch McConnell secured a $2 billion Kentucky kickback."

* YEP...

"This is what's wrong with Washington and it's what's wrong with Mitch McConnell."

* MCCONNELL... MUST... GO...

October 17, 2013 at 11:56 AM
William R. Barker said...

http://www.cruz.senate.gov/record.cfm?id=346886

* DIGEST OF A STATEMENT BY SEN. TED CRUZ:

This is a terrible deal.

This deal embodies everything about the Washington Establishment that frustrates the American people.

This deal kicks the can down the road. It allows yet more debt, more deficit, more spending and it does absolutely nothing to provide relief for the millions of Americans who are hurting because of ObamaCare.

I ask you to imagine a world in which Senate Republicans united to support House Republicans. Imagine that one piece being different from what we saw. Imagine after the House Republicans stood together with the American people, if all 46 Senate Republicans had stood together and said, we are united against the train wreck that is ObamaCare, we are united with the American people that if President Obama is going to give an exemption for big business, for members of Congress, that the American people deserve that very same exemption.

It is heartbreaking to the American people that Senate Republicans divided as they did and decided to direct their criticism, direct their attention, direct their cannon fire at House Republicans and at those standing with the American People.

Millions of Americans speaking up in overwhelming numbers saying, ObamaCare isn't working...

The unions are jumping ship.

Democratic members of The Senate and the House went to the President and said, we want to be exempted from ObamaCare. This law isn't working. And it is worth reflecting on how extraordinary it is to see the American people rise up in such incredible numbers and to see The House of Representatives engage in what I consider to be a profile in courage, standing with the American people.

* UNTIL THEY DIDN'T. UNTIL THEY CAVED.

Millions of Americans want to get back to our free market principles, get back to the constitution, and stop this train wreck of a law that is the biggest job killer in this country, that is hurting people all across the country [and yet] the U.S. Senate says "we will do nothing to answer your plight."

We created your plight, but we will do nothing.

Washington is broken.

This is a terrible deal today.

It is a terrible deal for the American people.

October 17, 2013 at 12:54 PM
William R. Barker said...

http://www.france24.com/en/20131017-chinese-agency-downgrades-us-credit-rating

Dagong - a Chinese ratings agency - downgraded its U.S. sovereign credit rating from A to A- while maintaining a negative outlook Thursday, warning that "fundamentals for a potential default remained unchanged."

The announcement came after the U.S. Congress passed and President Barack Obama signed a bill that extends the nation's borrowing authority and ends a two-week government shutdown.

"The fundamental situation that the debt growth rate significantly outpaces that of fiscal income and gross domestic product remains unchanged," Dagong said in the statement, adding Washington's solvency was vulnerable as old debts were still repaid through raising new debts.

* IN ENGLISH: WE'RE PAYING OUR DEBTS VIA NEW AND LARGER DEBTS.

"Hence the government is still approaching the verge of default crisis, a situation that cannot be substantially alleviated in the foreseeable future."

Dagong made headlines in August 2011 when it lowered its main rating for U.S. sovereign debt after Congress passed an earlier bill to raise Washington's debt ceiling.

* CONSISTENCY IS GOOD IN ECONOMICS AND ACCUNTING!

The agency, which is far less prominent than long-established Western competitors including Moody's, Fitch and Standard and Poor's, has been working to further raise its profile.

* IF MOODY'S, FITCH AND STANDARD & POOR'S DON'T FOLLOW SUIT THEN WE KNOW THE FIX IS IN.

October 17, 2013 at 1:25 PM

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