Category Archives: Deficit

In Rare Form

The real world view, as expressed by Dan Riehl – in a most direct and blunt description of the nuclear option and what it means.

Now he knows how the rest of us feel about this problem as dictated by the President.

Oh, and let’s not forget. Congress, too. Most of them anyway. But not all.

How Much Is A Vote Worth?

Well, that depends.

If you vote against earlier versions of a bill, and a second time but then become “undecided” – perhaps all you need is to get your brother a judgeship. And call it paid in full.

Let’s ask Jim Matheson of Utah.

After all this, I think we are all going to need Depends.

Cap And Trade May Be Changing

At least, that’s what these Senators say right now: Sen. Lindsey O. Graham (R-S.C.), Sen. John F. Kerry (D-Mass.) and Sen. Joseph I. Lieberman (I-Conn.). They plan to introduce next month an alternative to the national version of the Cap and Trade bill by focusing on industrial sectors instead.

And yet, it won’t be easy to try to pass this alternative.

Like the Healthscare bill, this is not the time to be jacking up costs that will only be passed on to us, the consumers. The economy will still be negatively affected – with more being laid off every day. The current version, and this alternate, needs to be tabled.

Treasury to TARP IG: Drop Dead

Our money is NOT in the best of hands, now – is it?

Since when is muzzling the watchdogs of our taxpayer dollars a good idea? Especially in view of our ever increasing debt?

Release the Hounds!!!

Where Taxpayer Stimulus Funds Go

Here.

And might even go here. To shore up unfunded pensions in state governments.

And let’s not forget all the pork, er, earmarks. $15.9 Billion (with a B) in 2010.

UPDATEx4: Senate To Reintroduce Public Option?

Four Senate Democrats wrote Majority Leader Harry Reid (D-Nev.) on Tuesday, asking him to revive the public option in the Senate’s health bill.

Sen. Michael Bennet (D-Colo.) called on Reid to reintroduce the public option into the healthcare debate through the budget reconciliation process, which would short-circuit filibuster rules and allow Democrats to pass a bill with a simple majority in the Senate.


Well, so much for paying attention to us constituents. Why can’t we vote them out right now?


UPDATE: Healthcare reform and reconciliation a bad mix
The budget reconciliation process, with its arcane rules and potential for political chicanery, is not suited to healthcare reform, according to the Senate’s former parliamentarian, Robert Dove, who was the chief Senate parliamentarian for 12 of his 36 years.


UPDATEx2: Obamacare Before The Summit?
You aren’t going to like this. Not. One. Damn. Bit.
I already despise their tactics. How about you?


UPDATEx3: 16 Senators now calling for the public option?
I am getting conflicting data on this. I hear that there is an insufficient number of votes to pass this debacle anyway (that is, it isn’t going to pass) under reconciliation. My question is, what kind of misdirection is taking place here?


UPDATEx4: Reconcile this, SenatorsNO !!!!

UPDATEx2: China Orders Its Reserve Managers to Divest

Dollar-denominated risk assets, including asset-backed securities and corporates, are no longer wanted at the State Administration of Foreign Exchange (SAFE), nor at China’s large commercial banks. The Chinese government has ordered its reserve managers to divest itself of riskier securities and hold only Treasuries and US agency debt with an implicit or explicit government guarantee. This already has been communicated to American securities dealers, according to market participants with direct knowledge of the events. Read more

UPDATE: Is this connected?

UPDATEx2: JAPAN Is Now Largest Holder of U.S. Debt
China threatened to dump US debt this week over the sale of $6.4 billion of American weapons to Taiwan. But, it looks like it’s already started. In December China dumped $34.2 billion in US treasuries making Japan the largest holder of US debt.

Entering The GOP At Ground Level

I don’t think we needed the LA Times to tell us, but nevertheless – okay.

‘Tea party’ activists filter into GOP at ground level
The conservative movement is urging its members to seek positions as Republican precinct representatives. Their goal is to remake the party – and U.S. politics – from within.

Read more

Frankly, I don’t see a problem here.

Dems Cost US $2.36T in Lost Oil Money

“No Profit for US in Oil.” Is that the new (or not) battle cry for the Democrats?

But they raised the debt ceiling by how much?? They willingly spent just one-third (so far) of the $787B Stimulus package so far. Where did that one-third go? And what about the rest since they can’t stop talking about a second (no, that’s a Jobs bill)?

I could go on. But I am sure you get the point. Congress and the Administration have very little, if any, math and budget skills.

Since they won’t listen to us, we have to turn them out.

Video: The Gall To Lecture Us

Today, Barack Obama had the gall to lecture America on politicians who, “Talk the talk but won’t walk the walk on fiscal responsibility.”

The height of hypocrisy.

In the meantime, I must manage my monthly budget frugally to ensure I can pay the monthly bills as well as plan (set aside unspent funds) for future, necessary bills and expenses.

Why doesn’t The President and Congress get that?

Probably because the POTUS now blames Bush (again) for his $1.3T deficit (that we know was created by the overspending POTUS). Sheesh.