The web site of Republican House Majority Leader Eric Cantor has a section that is raising eyebrows. The YouCut pages allow you to vote on what program you believe should be cut.
Dead trees litter the forests providing fuel wood for fires.
One of the programs would terminate “environmental literacy” programs run by the Forest Service. These include “Green Schools” which “empowers students to lead the movement of sustainability and environmental responsibility at school, at home and in their community.” This means, of course, indoctrinating kids that wildlife killing windmills will save the polar bears from global warming. The savings of cutting this program would be and estimated $50 million over ten years.
Another cut in this area that might be suggested is cutting the locks that close forest roads so people can cut fuel wood that lays on the ground in the form of dead trees. The Constitution does not allow the federal government to keep citizens of a State out of their forests and off of their roads.
Some are concerned within the forest service that cutting this program might cause Smokey the Bear and Woodsy Owl to get the pink slip. It seems that these two legendary logos will serve to represent America more than ever.
Another program under fire that could save $18 million over ten years is a program that gives bonuses to States to recruit people into the food stamp program. The Department of Agriculture’s Supplemental Nutrition Assistance Program (formerly known as the Food Stamp program) pays state governments bonuses for recruiting additional people to sign up for food stamps. Each year, states with the highest percentage of eligible participants enrolled in the program split $12 million in bonus funds. Additionally, the Department awards another $6 million in bonus money to states that are the fastest at signing up new program applicants. As of August, 2011, nearly 46 million Americans were on food stamps, or 15 percent of the population. Benefit costs were over $71 billion between September of 2010 and August of 2011. Program participation has grown steadily since the economic downturn began, and increased by 8 percent in 2011. There is no need to pay states for increasing the number of food stamp recipients they enroll in the program. This could be why Arizona gives food stamps based on race with the lowest rates going to elderly white women who only qualify for about $16 a month after spending their whole life paying the taxes for this program.
Another section of the web site gives you the status on various cutting legislation in Congress.
“This is a clear case of socialism for the rich and rugged, you’re-on-your-own individualism for everyone else.” – Bernie Sanders (I-VT)
The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill (HR1207), so that a complete audit would not be carried out. Ben Bernanke(pictured to the right), Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning.
What was revealed in the audit was startling:
$16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2007 and June 2010, the Federal Reserve had secretly bailed out many of the world’s banks, corporations, and governments. The Federal Reserve likes to refer to these secret bailouts as an all-inclusive loan program, but virtually none of the money has been returned and it was loaned out at 0% interest. Why the Federal Reserve had never been public about this or even informed the United States Congress about the $16 trillion dollar bailout is obvious – the American public would have been outraged to find out that the Federal Reserve bailed out foreign banks while Americans were struggling to find jobs.
In an article in The New York Times on August 19th titled “The North Dakota Miracle,” Catherine Rampell writes:
Forget the Texas Miracle. Let’s instead take a look at North Dakota, which has the lowest unemployment rate and the fastest job growth rate in the country.
According to new data released by the Bureau of Labor Statistics today, North Dakota had an unemployment rate of just 3.3 percent in July—that’s just over a third of the national rate (9.1 percent), and about a quarter of the rate of the state with the highest joblessness (Nevada, at 12.9 percent).
North Dakota has had the lowest unemployment in the country (or was tied for the lowest unemployment rate in the country) every single month since July 2008.
Its healthy job market is also reflected in its payroll growth numbers. . . . [Y]ear over year, its payrolls grew by 5.2 percent. Texas came in second, with an increase of 2.6 percent.
Why is North Dakota doing so well? For one of the same reasons that Texas has been doing well: oil.
Oil is certainly a factor, but it is not what has put North Dakota over the top. Alaska has roughly the same population as North Dakota and produces nearly twice as much oil, yet unemployment in Alaska is running at 7.7 percent. Montana, South Dakota, and Wyoming have all benefited from a boom in energy prices, with Montana and Wyoming extracting much more gas than North Dakota has. The Bakken oil field stretches across Montana as well as North Dakota, with the greatest Bakken oil production coming from Elm Coulee Oil Field in Montana. Yet Montana’s unemployment rate, like Alaska’s, is 7.7 percent.
A number of other mineral-rich states were initially not affected by the economic downturn, but they lost revenues with the later decline in oil prices. North Dakota is the only state to be in continuous budget surplus since the banking crisis of 2008. Its balance sheet is so strong that it recently reduced individual income taxes and property taxes by a combined $400 million, and is debating further cuts. It also has the lowest foreclosure rate and lowest credit card default rate in the country, and it has had NO bank failures in at least the last decade.
If its secret isn’t oil, what is so unique about the state?
WASHINGTON – President Obama is barnstorming the heartland to boost US jobs in a taxpayer-financed luxury bus the government had custom built — in Canada, The Post has learned.
The $1.1 million vehicle, one of two that Quebec-based Prevost sold the government, has been tricked out by the Secret Service with state-of-the-art security features and creature comforts.
It’s a VIP H3-45 model, the company’s top of the line, and is used by major traveling rock bands.
“That’s the more luxurious model,” Christine Garant of Prevost told The Post.
Well, we don’t think casino magnate Steve Wynn will be attending any President Obama fundraisers in Las Vegas.
Wynn blasted Obama on a recent conference call with investors, saying business people are sitting on their money out of “fear of the president.”
“I’m telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States,” Wynn said. “And until he’s gone, everybody’s going to be sitting on their thumbs.”
The Environmental Protection Agency has doled out nearly $100 million in grants to foreign groups and governments over the past decade, according to a new congressional report.
The report from Republicans on the House Energy and Commerce Committee shows the pace of foreign grants has quickened under the Obama administration, with $27 million in EPA funds going abroad since early 2009 — not counting projects in Canada and Mexico. Continue reading “EPA Spent $100M on Foreign Grants in Last Decade, Study Finds” »
Senate Democrats thought they had House Republicans cornered on a government shutdown.
Media reports had established the White House and Senate Majority Leader Harry Reid as being in support of a plan to meet the hot House halfway to its proposed 4 percent reduction in the $1.65 trillion deficit projected for the current fiscal year.
“But, but…” House Republicans sputtered. But the Democrats cuts rely on some accounting gimmicks! But the plan doesn’t include specific instructions to take the money from controversial programs, like the $300 million annual subsidy for Planned Parenthood, the nation’s leading provider of abortions. But the Senate hasn’t even passed a bill – none of it is in writing.
But nothing. By the time you get past “agreed to meet halfway” on a fiscal compromise, the rest becomes kind of white noise for most news consumers. It’s boring stuff and folks tune out quickly on minute detail. House Republicans were losing the message war and were heading into a calendar squeeze play.
A judge’s ruling striking down health-care reform legislation requiring almost every American to obtain health insurance should be reversed, the Obama administration said in a court filing.
The administration asked the U.S. Court of Appeals in Atlanta to reverse a Jan. 31 ruling by District Judge C. Roger Vinson in Pensacola, Florida, that the Patient Protection and Affordable Care Act’s insurance mandate, set to take effect in 2014, exceeded Congress’s power to regulate interstate commerce. Concluding the legislation couldn’t function without that provision, he declared the entire law invalid.
The U.S. responded in its appellate brief, filed April 1, that “the minimum coverage provision is a valid exercise of Congress’s commerce power.”
(CNSNews.com) – A new study says drilling on Alaska’s Outer Continental Shelf (OCS) could make Alaska the eighth largest oil resource province in the world — ahead of Nigeria, Libya, Russia and Norway.
The report — by the consulting firm Northern Economics and the University of Alaska-Anchorage’s Institute of Social and Economic Research — says that developing Alaska’s OCS could produce almost 10 billion barrels of oil and 15 trillion cubic feet of natural gas, create around 55,000 new jobs and produce $145 billion in new payroll nationally, generating a total of $193 billion in government revenue through the year 2057.
A senior policy advisor with the American Petroleum Institute, the trade group for hundreds of U.S. oil and gas producers, said in a statement about the study that offshore drilling for oil and natural gas can help with the country’s energy and economic needs.
Another sign of the “New World Order?” The Germans buying the New York Stock Exchange. This government has destroyed the industry of America, sold the auto industry (our last remaining major industry) overseas, and installed a communist health rationing system and now are selling our economic markets to the highest bidder.
Achtung Baby! NYSE To Go Deutsch In Biggest Merger On The Planet Historically, the urge to merge has coincided with major stock market tops
On February 15 Deutsche Boerse AG slipped a $9.53 billion all-stock bid on the “finger” of the New York Stock Exchange. If approved, the merger would create what one news site called “the Goliath Bourse” — or the largest stock exchange on the planet.
So, there’s no time like the present to start learning a few key German phrases to welcome Wall Street’s would-be financial in-laws. The four expressions below make for a fitting introduction:
Wunderbar: “Wonderful,” “super,” “out of this world.”
According to the mainstream experts, the creation of the behemoth German/American bourse is an UBER-bullish event, and reflects the global economic recovery. Here, the following news items capture the overall optimism surrounding the merger:
* New York Mayor Michael Bloomberg: “This is one of the better things for New York because what you’ll do is you’ll have the two strongest stock exchanges together… This is really very good.” (NY Post)
* AND — “It seems as if the market has a very strong bid under stock prices. [Mergers & Acquisitions] is a market that people are trying to get back involved with.” (Bloomberg)
Bloomberg is praising the country that brought us the Wiemar Republic which led to the rise of Hitler.
Doppelganger: “A double, or look-alike.”
The mega-deal-zeal surrounding the potential Deutsche/NYSE merger is a spitting image of another time in recent financial history: the year 2007. Back then, M&A activity had soared to an all-time record high, valuing over $1.33 trillion. And much like today, the main focus of consolidation was on global unification. “Merger Mania Is Back With A Vengeance” said a March 30, 2007, Independent cover story, as every one from airlines to metal mines, and banks to bourses aimed to bring east and west together.
The culminating event came in April 2007, with the $14 billion merger of the NYSE and Euronext to create the first trans-Atlantic financial market AND largest stock exchange in the world.
WASHINGTON (AFP) – The withdrawal of American troops from Iraq will allow for a reduced US defense budget in 2012 but the war in Afghanistan still costs the United States close to 300 million dollars a day.
Under the Pentagon’s proposed budget, the cost of the wars in Iraq and Afghanistan will drop to $117.8 billion for fiscal year 2012, a reduction of 41.5 billion from the previous year.
As the US war effort winds down in Iraq, the budget sets aside $10.6 billion for “Operation New Dawn,” with the remaining 50,000 US troops there due to withdraw by the end of 2011.
Spending for the Afghan mission calls for $107.3 billion, down slightly from the last budget, which requested $113.5 billion.
President Barack Obama has vowed to start a withdrawal in July of the roughly 97,000 troops now in Afghanistan.
The Obama administration’s statement that the government will not be adding to the debt by the middle of the decade clashes hard against the facts, Republicans say, leaving officials straining to justify the budget claim they’ve pushed repeatedly over the past few days.
As it turns out, the administration is not counting interest payments. That means the budget team plans to have enough money to pay for ordinary spending programs by the middle of the decade. But it won’t have the money to pay off those pesky — rather, gargantuan — interest payments. So it will have to borrow some more, in turn increasing the debt and increasing the size of future interest payments year after year.
So how then, visibly agitated Republicans asked, can the administration claim that its 2012 spending plan sets the country on a course to “pay for what we spend” in just a few years?
National debt is over $14 trillion, the federal budget deficit is $1.4 trillion and, depending on whose estimates are used, the unfunded liability or indebtedness of the federal government (mostly in the form of obligations for Social Security, Medicare, Medicaid and prescription drugs) is estimated to be between $60 and $100 trillion.
Those entitlements along with others account for nearly 60 percent of federal spending. They are what Congress calls mandatory or non-discretionary spending. Then there’s discretionary spending, half of which is for national defense. Each year, non-discretionary spending consumes a higher and higher percent of the federal budget.
The spending path that Congress has chosen for the last half-century is unsustainable and will end up with economic collapse but little or nothing can be done about it unless I’m grossly wrong about the American people. Americans who detest our country and those who love our country are hell-bent, wittingly or unwittingly, on destroying it.
You say, “Williams, that’s not only insulting but shows little trust as well. Explain yourself!”
February 5, 2012 1906 John Carradine 1920 Frank Muir CBE 1946 Charlotte Rampling 1948 Barbara Hershey 1948 Lord Haden Guest 1948 Sven-Goran Eriksson 1952 Russell Grant 1962 Jennifer Jason Leigh 1966 Jose Maria Olazabal
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