The Path To Prosperity

Adult swim, Democrats out of the pool!

Republicans embrace Rep. Ryan’s government budget plan for 2012

House Republicans announced a far-reaching vision for a leaner federal government on Tuesday, presenting a 2012 budget blueprint that would privatize Medicare for future retirees, cut spending on Medicaid and other domestic programs, and offer sharply lower tax rates to corporations and the wealthy.

The proposal represents the most comprehensive philosophical statement by resurgent Republicans since they claimed control of the House in last fall’s midterm elections. It promises to define the party heading into the 2012 presidential election and to shape the policy debate in Washington as both parties grapple with a soaring national debt.

Drafted by House Budget Chairman Paul Ryan (R-Wis.), the proposal aims to eventually shrink federal spending, measured against the economy, to its lowest level since 1949. Ryan said the plan would create jobs, promote growth, and rebuild an economy ravaged by recession and “relentless government spending, taxing and borrowing.”

Read the budget proposal:

The Path to Prosperity

See also:
House Republicans unveil ‘Path to Prosperity’ budget cuts
U.S. Republicans present budget plan with massive cuts
Proposal Transforms Role of Government
The CBO scores Paul Ryan
The Ryan Resolution
GOP budget proposal would cut feds, extend pay freeze
Ryan Rides To The Rescue With Realistic Budget Plan
Editorial: Ryan’s Budget Plan Gets The Job Done
The GOP Path to Prosperity

Right on cue, the Democrats are already squealing like stuck pigs being electrocuted in an acid bath. Children will die, senior citizens will be forced to eat cat food! Brace yourself, because the cynical and deceitful doomsday din will only get louder. Gird yourself for the 2012 elections, Republicans need to oust Obama, take the Senate, and hold the House in order to wrangle this country back onto the road to fiscal sanity. The Democrats’ irresponsible and ruinous spending gravy train must be brought to an end, the status quo is unsustainable and not an option. Vote Republican to save this country’s future from the economic abyss.

/the Path to Prosperity won’t be painless, but it has to be taken, the other road leads the United States down the third world drain

Obama Sets Another New Record

And it’s not a good one.

U.S. posts record monthly budget deficit

The U.S. government posted a budget deficit of $222.5 billion in February, the largest monthly deficit on record, the Treasury Department reported Thursday.

The government spent about $333 billion in the month and took in about $110 billion. February is typically a deficit month.

Year-to-date, the deficit is $641.2 billion, according to Treasury.

And just how bad is Obama’s out of control spending?

Big government doesn’t come cheaply. According to Congressional Budget Office (CBO) figures released Monday, the budget deficit for February hit a staggering $223 billion – meaning the Obama administration added more in debt last month than was borrowed in all of 2007.

Yep, that’s right, Obama added more to the national debt, money that we don’t have, in a single month, than George Bush added in the entire year of 2007. What’s wrong with this picture?

See also:
U.S. Runs $222.5 Billion Deficit in February; Highest for Any Month
U.S. Budget Deficit Expanded to Monthly Record $222.5 Billion in February
U.S. Posts Record Monthly Budget Deficit In February
February budget deficit highest ever for any month
Budget deficit hits record $222.5 billion in February
US budget deficit hits record in February
U.S. federal gov’t monthly budget deficit rises to record high in February
US Trade & Budget Deficits Get Worse
Deficit this month more than all of 2007
Obama Is Setting Records but Not in a Good Way

Everybody knows exactly what has to be done, Medicare, Medicaid, and Social Security need to be reformed back into solvency. It’s going to be painful and unpopular and the longer we wait to do what’s necessary, the more painful and unpopular the reforms are going to be. Unfortunately, no one seems to want to take the lead on this issue and get the job done, least of all Obama, who’s supposed to be leading this country. Obama is nothing more than a narcissistic political opportunist, more concerned with getting reelected than he is concerned with doing what’s right for the American people and the country.

Hopefully, when they release their 2012 budget proposal, the Republicans will step up to the plate as patriotic adults, negative political repercussions be damned, and include entitlement reform that will start to bring this country back on to the path to fiscal sanity.

/because someone has to do the right thing for America, a concept lost on Obama and the Democrats

Hitting Us Where It Really Hurts

Whether or not “outside forces” were a factor in our 2008 economic meltdown, in the age of cyber warfare, the possibility of such an attack on the U.S. financial infrastructure is a scenario worth paying extremely close attention to. It’s a huge target, it’s far from invulnerable, and the potential for crippling economic damage and chaos cuts to the core of our very way of life.

Financial terrorism suspected in 2008 economic crash

Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system.

The unclassified 2009 report “Economic Warfare: Risks and Responses” by financial analyst Kevin D. Freeman, a copy of which was obtained by The Washington Times, states that “a three-phased attack was planned and is in the process against the United States economy.”

While economic analysts and a final report from the federal government’s Financial Crisis Inquiry Commission blame the crash on such economic factors as high-risk mortgage lending practices and poor federal regulation and supervision, the Pentagon contractor adds a new element: “outside forces,” a factor the commission did not examine.

“There is sufficient justification to question whether outside forces triggered, capitalized upon or magnified the economic difficulties of 2008,” the report says, explaining that those domestic economic factors would have caused a “normal downturn” but not the “near collapse” of the global economic system that took place.

Suspects include financial enemies in Middle Eastern states, Islamic terrorists, hostile members of the Chinese military, or government and organized crime groups in Russia, Venezuela or Iran. Chinese military officials publicly have suggested using economic warfare against the U.S.

Read the report:

Economic Warfare: Risks and Responses

See also:
Financial Terrorism Suspected in 2008 Economic Crash
Did ‘financial terrorism’ cause the economic crash?
Did China or Jihadists try to bankrupt America? Pentagon report reveals financial terrorists may have triggered economic crash
Report: Economic 9/11 May Have Taken Place
Financial terrorism suspected in 2008 economic crash
Was the U.S. a victim of an economic 9/11 in 2008?
Blame Terrorists, Not Wall Street, for the Recession?

If you think about it, there’s very little that could be called a paper trail regarding today’s financial records and transactions world wide, it’s all manipulated and stored electronically at a speed and complexity that defies human oversight.

/definitely a fertile battlespace for a sophisticated enemy looking to bring the United States down on her knees in financial pain

How Do You “Invest” When You’re Broke?

Hey Obama, what part of “we don’t have any money” don’t you understand?

CBO: Federal deficit to hit $1.5T this year

Last month’s bipartisan tax cuts and spending deal has deepened the federal deficit dramatically this year, putting the government on track for a nearly $1.5 trillion shortfall — the largest in history — the Congressional Budget Office said Wednesday.

The sobering check on the country’s finances was announced a day after President Obama‘s address to Congress and underscored the country’s tenuous fiscal standing, which could doom many of Mr. Obama‘s initiatives to boost government spending on education, roads and other infrastructure.

The CBO did say the economy appears to be improving, albeit slowly, from a deep recession that drove the unemployment rate to more than 10 percent. The rate is still above 9 percent, despite efforts by Mr. Obama and Congress to pump money into the economy.

“It’s been a slow recovery by the standards of our past. The labor market in particular has been coming back slowly; income has been coming back slowly,” said CBO Director Douglas Elmendorf.

Social Security Will Post Shortfall This Year, CBO Says

Social Security will post a $45 billion shortfall in fiscal 2011 and will pay out more in benefits than it accepts in payroll taxes through at least 2021 without legislative changes, the Congressional Budget office said on Wednesday.

See also:
The Budget and Economic Outlook: Fiscal Years 2011 to 2021
CBO projects record-high $1.5 trillion budget deficit this year
As deficits, debt soar, Obama, Congress fail to confront them
Deficit Outlook Darkens
CBO forecast: frightening fodder for both parties
It’s official: The debt is ballooning. Now can we think clearly?
Social Security to Run Deficits for Foreseeable Future, CBO Says
Social Security fund now seen to be empty by 2037
Social Security to Operate in the Red for the Next 10+ Years: CBO
Social Security to run permanent deficits, says CBO
CBO: Social Security Will Run Permanent Deficits
A Roadmap for America’s Future

I swear, Is Paul Ryan the only adult in Washington? When are these moron politicians going pay attention, grow some spines, and start taking this fiscal crisis seriously. Every day that goes by, we dig ourselves deeper into the national debt hole and it becomes ever so much more difficult and painful to try and climb out of our self inflicted, bottomless deficit pit.

/we’d better just forget about pie in the sky choo choo trains and go straight to the required austerity budget measures

The 2010 Aftermath

Not total victory, but all in all, it was a very good day for Republicans.

After GOP landslide of Election 2010, what next for Obama?

The Republican Party has swept the Democrats out of power in the House and gained seats in the Senate, sending a strong message of voter discontent to President Obama on the economy.

Republicans scored at least a 60-seat gain in the House, the biggest partisan shift since the Democrats lost 75 House seats in 1948. In the Senate, the Republicans fell short of the 10 they needed to take control, and failed to capture their most-hoped-for quarry: the seat of Senate majority leader Harry Reid (D) of Nevada, who defeated tea partyer Sharron Angle by five percentage points. It is the first time in 80 years that the House has changed hands without the Senate following.

The historic wave that makes Rep. John Boehner (R) of Ohio the expected next speaker of the House also hands Mr. Obama the biggest challenge of his political career. Suddenly, the president has no choice but to work toward his unfulfilled 2008 campaign promise of greater bipartisanship. The alternative is gridlock and the appearance of ineffectiveness. But if Obama concedes too much to the Republicans, he risks losing the support of his Democratic base when he runs for reelection in 2012, as expected.

Maybe even more impressive and certainly just as important was the Republican near sweep at the state level. Republicans will now be in charge of redistricting in the majority of states, which will set legislative boundaries for the next ten years.

Forget D.C., look what Republicans won in state legislatures

This is especially important in years ending in ’00 because these newly elected governors and state legislators will (with the exception of California) be the ones redrawing legislative and congressional district lines that will stand for the next decade until the 2020 census. And occupying the governor’s mansion puts that party in control of an immense statewide political apparatus to help its presidential ticket two years hence.

Come January, Republicans will now run crucial governors’ offices in….

…major presidential battleground states like Florida (Rick Scott), Ohio (John Kasich), Pennsylvania (Tom Corbett) and Iowa, where former Gov. Terry Branstad returns. New Mexico voters elected their first female governor, Republican Susana Martinez, a Latino. Sometimes-maligned South Carolina voters chose Nikki Haley, who is not only the state’s first female governor but only the nation’s second of Indian American descent (Louisiana’s Bobby Jindal being the other.) Oklahoma also picked its first female governor, Republican Mary Fallin.

According to the authoritative Stateline.org, the country’s contests for governor and lieutenant governor cost $850 million. Heading into 2012, the GOP will control at least 29 of the 50 governor’s suites.
Perhaps more importantly, the Republican wave at the national level was also felt at the grass-roots level, where Republicans gained control of at least 19 more state legislative chambers, possibly two dozen as vote-counting continues.

The GOP will have a majority in at least 54 of the 99 state legislative chambers, including a minimum of 53% of state legislature seats (about 3,900). That’s the most the party has controlled in 82 years — and up about 700 seats from Monday.

Of course, we didn’t win them all and this one personally sticks in my craw. If it wasn’t for third party spoiler candidate Tom Horner (former Republican), Republican Tom Emmer would already easily be the next Governor of Minnesota. Mark Dayton should send Horner some flowers or candy or a tip or something.

Guv’s race: Long ride, no end in sight

A seismic shift in Minnesota’s political landscape unfolded Wednesday as the most game-changing election in a generation sent Republicans and the DFL scrambling for the last undecided prize — the governor’s office.

DFLer Mark Dayton unofficially leads Republican Tom Emmer by 8,856 votes — a margin so slight that it could trigger a hand-ballot recount for the second election cycle in a row.

Officials began the tedious, nerve-wracking task of locking up ballots, which both parties may guard around the clock.

The day’s events placed the state, yet again, in political suspended animation, awaiting the prospect of another recount brawl that could take months to resolve and get tangled in the courts.

See also:
2010 Elections Exit Poll Analysis: The Political Price of Economic Pain
Election Day 2010 and its aftermath
Exit polls Election 2010
Karl Rove, U.S. Chamber Amass Winning Record in 2010 Elections
Tea Party Top 10 biggest winners and losers
Statehouse wins put GOP in redistricting driver’s seat
Vote 2010 Elections: What’s Your Reaction to Republicans’ Big Win?
With 2010 Behind Us, A Look Ahead To 2012
Republicans celebrate, outline legislative goals
In Social Media Election, The GOP Capitalizes
How will Obama react to GOP gains?

Tuesday’s vote was an absolute thumping repudiation of Obama and the Democrats and their big government, far left agenda. Now that the Republicans have a tight leash on the Democrats, will the Democrats learn to play ball in the poetical center? Will the Democrats learn to at least read the destructive legislation they vote to cram down the throats of the American taxpayers, over the vociferous objections and protestations of the electorate.

/because, if the Democrats don’t learn their lesson this time, they’re going to get thumped even harder in 2012, the American people have spoken and they’ve had enough of Obama and the Democrats’ progressive socialism

How Can You Tell She’s Lying?

Her lips are moving.

Well, how’d that promise work out?

Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, ‘No New Deficit Spending’

When Rep. Nancy Pelosi (D-Calif.) gave her inaugural address as speaker of the House in 2007, she vowed there would be “no new deficit spending.” Since that day, the national debt has increased by $5 trillion, according to the U.S. Treasury Department.

“After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending,” Pelosi said in her speech from the speaker’s podium. “Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt.”

Pelosi has served as speaker in the 110th and 111th Congresses.

At the close of business on Jan. 4, 2007, Pelosi’s first day as speaker, the national debt was $8,670,596,242,973.04 (8.67 trillion), according to the Bureau of the Public Debt, a division of the U.S. Treasury Department. At the close of business on Oct. 22, it stood at $13,667,983,325,978.31 (13.67 trillion), an increase of 4,997,387,083,005.27 (or approximately $5 trillion).

Pelosi, the 60th speaker of the U.S. House of Representatives, has added more to the national debt than the first 57 House speakers combined.

See also:
Over $5 trillion in new debt since Pelosi promised ‘No New Deficit Spending’
Under Pelosi, national debt has increased $5 trillion
Pelosi: ‘We haven’t really gotten the credit for what we have done’
Nancy Pelosi May Be Out Whatever Happens
Nancy Pelosi Who?
Pelosi: ‘If I were not effective they wouldn’t care about me’
Obama says Pelosi will go down in history as one of the finest speakers in US
Texas Democrat Edwards, a Pelosi lieutenant, runs from her

Ten days left.

/vote like your future depends on it, because it does

Double The Record Bailout, Double The Criminality

Franklin Raines, Barney Frank, Maxine Waters, and all the rest of these thieving Democrat criminals should be made to forfeit of every last penny’s worth of their personal property and then be thrown in Federal prison for the rest of their lives. They’ve done immeasurable damage to the U.S. economy, the U.S. taxpayers, and everyone who own a house or a retirement account. And it’s not over yet and it’s only going to get worse.

Fannie and Freddie support may reach $363 billion by 2013

Mortgage finance giants Fannie Mae and Freddie Mac could need as much as $363 billion in government payments by 2013, regulators said Thursday.

The Treasury Department has pumped $148 billion into the agencies since the government took them over in 2008.

The new projections by the Federal Housing Finance Agency, based on a series of assumptions about home prices, indicate that Fannie and Freddie will require an additional $73 billion to $215 billion before 2013.

Read the projections:

Projections of the Enterprises’ Financial Performance

See also:

Fannie, Freddie May Draw $363 Billion, FHFA Says
Fannie/Freddie Bailout Could Total $363 Billion
Fannie, Freddie May Need $215 Billion More in Aid
Fannie & Freddie ‘could cost US $363bn’
Fannie Mae, Freddie Mac bailouts could hit $363 billion, report says
Fannie, Freddie bailout could hit $363 billion
US taxpayers warned Fannie Mae and Freddie Mac may need $363bn bailouts
Fannie Mae and Freddie Mac deep in the hole
Fannie Mae, Freddie Mac Bailout Costs Could Soar
Fannie and Freddie May Need Infusion
Fannie, Freddie Rise Despite Giant Potential Tab With U.S Treasury

Yes folks, the Fannie and Freddie bailout is going to end up costing more than the AIG and Auto bailouts combined, by an order of magnitude, and the U.S. taxpayers are going to get stuck with the bill.

/why do the known criminals who obviously caused this 1/3 of a trillion dollar mess remain unpunished?