Archive for White House
President Obama, As a former university lecturer on the subject of the U.S. Constitution, you know the Federal Constitution is fundamental law which cannot be changed by legislation. You also know that the Amendments to the Constitution cannot be changed by legislation because they are also fundamental law. You know…
That headline on Drudge takes you to a Business Insider article that reads in part:
The Washington Post’s Bob Woodward ripped into President Barack Obama on “Morning Joe” today, saying he’s exhibiting a “kind of madness I haven’t seen in a long time…
Sequestration is coming. It arrives March 1st.
Heritage Action’s Dan Holler reports that the sequester cuts amount to only a 2.4% cut, so instead of spending $9.863 billion per day, we’ll only spend $9.622 billion per day. But even that is a little misleading because of baseline budgeting. As Paul Roderick Gregory at Forbes explains in an op-ed titled: The $995 billion Sequester Cut is Actually a $110 billion Spending Increase:
The sequester “cuts” are subtracted after increasing appropriations subject to the sequester at the rate of inflation and adding back in more than a trillion dollars (over ten years) of spending exempted from the sequester.
Each year federal spending is increased based on population growth and inflation. That increase becomes the new baseline budget. That annual bump is about 6% this year, so a 2.4% sequester half-way through the fiscal year means that this year’s budget will be more than 4.5% larger than last year’s.
But, according to the President, this trivial cut is the end of the world. The White House has launched the classic FUD (Fear, Uncertainty, and Doubt) campaign against the coming sequester. Politico reports that the administration is: “releasing state by state details of the pain and suffering the sequester will cause…” TrimTabs president and CEO Charles Biderman doesn’t think that they can be serious:
Biderman goes on to make the point that the government does not want to cut anything.
Nonetheless, as Sen. Roy Blunt (R-MO) made clear earlier this month (video): “Spending cuts will occur on March 1st. Sequestration will happen.”
It’s a classic game of brinksmanship. The Democrat view of the economy is that economic success is driven by government spending so cutting government spending will harm the economy. Republicans see a world where smaller government gets out of the way of business unleashing economic growth.
This is only the opening act. The real fight will occur after the sequester goes into effect on March 1st and both sides try to get the press to report their economic outlook.
- Spending cuts are moment of truth for Tea Party (stltoday.com)
- Legendary journalist goes after President Obama, sequestration (dailycaller.com)
- How Much Would the Sequester Cut Into a Big Mac Extra Value Meal? (powerlineblog.com)
- The sequester is a bad idea whose time has come (dailycaller.com)
- Disgusting… Obama White House Says Sequester Raises Risk of Terror Strike (thegatewaypundit.com)
- Obama to warn of sequester job losses in visit to Newport News (thehill.com)
- Here We Go… Team Obama Releases Details On How Sequester Will Hurt Disabled Children and Abused Women (thegatewaypundit.com)
- Obama Releases Waves of Illegal Immigrants From US Detention Centers in Wake of Sequester (thegatewaypundit.com)
- Earth to New York Times: Please Show Us these “Deep Spending Cuts” You Keep Writing About (cato.org)
- Obama Caught Lying about Sequester (nationalreview.com)
Note: This is a flight of fantasy. If anything in this post is later shown to conform reality, it’s pure coincidence. Nor am I accusing Gen. Petraeus of any crime [...]
The fog of war is lifting from Benghazi, and what lies beneath should shame Obama’s most ardent supporters. Barack Obama choked, and Americans died. When America came under attack, Obama [...]
The Romney Campaign today reminded me of the McCain Campaign of 2008. I’m pretty good at ignoring bogus, fraudulent polls like the one CNN released tonight. In that poll, CNN announced a massive 52-46 national lead for Obama. If true, the race would be all but over. CNN, of course, cooked the books on this [...]
Part 2 of 3 | Read Part 1 | Read Part 3 What is Todd’s real crime? He’s a damaged candidate, sure, but he is not a damaged man. He was wrong, but he erred on the side of life. It says something about a society and political mood where a man can be disqualified [...]
Back when Congressman Akin and I served in the Missouri State House together, he was not known for being the biggest tech guy, but he definitely is a lover of the Constitution and the Bill of Rights specifically, even teaching in depth seminars on Amer…
The White House just posted this press release on their site about a new corps of Master Teachers for STEM subjects that they are developing (highlights are mine.)
Today, the Obama Administration announced
the President’s plan to create a natio…
The Supreme Court Abdicated to the 1%. Congress, can mandate anything called a tax. Damn their warnings, damn their lies They will see the people rise! Listen my friends I have done as I said I have been to their lines I have counted each man I will te…