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Archive for the ‘balanced budget’ Category

>Sen. DeMint May Get America A Balanced Budget Amendment

>

DeMint Threatens Filibuster on Raising 

Debt Ceiling

Monday, 18 Apr 2011 04:28 PM
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Republican Sen. Jim DeMint is threatening to block a vote in
Congress on raising the U.S. debt ceiling unless he wins a
balanced-budget amendment to the Constitution, according
to Fox News. The filibuster threat comes a day after news that
GOP leaders had offered private assurances to the White
House that they ultimately would vote to raise the $14.3
trillion ceiling, regardless of whether a deal is reached on
long-term spending cuts.

“I will oppose any attempt to vote to raise the limit on our
$14 trillion debt until Congress passes the balanced-budget
 amendment,” the South Carolina conservative said. He
first made the remarks to McClatchy, which his office
confirmed to Fox News.

Read more on Newsmax.com: DeMint Threatens Filibuster 
on Raising Debt Ceiling
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What A Great Day – With Glenn Beck At The Helm
We Shall Not Fail!

>The Forgotten Man

>
By Don White
The Forgotten Man
is a book authored by Amity Shlaes, syndicated columnist at Bloomberg and a visiting senior fellow on the Council on Foreign Relations. She has written for the Financial Times and for the Wall Street Journal, where she was an editorial board member, as well as for the New Yorker, National Review, Fortune, The New Republic and Foreign Affairs.
Shlaes is also author of The Greedy Hand. She lives in New York.

Ms. Shlaes recent book offers some of the grist for the following list of similarities between our current president, Barak Obama, and Franklin D. Roosevelt.

Why is it important? Because Obama isn’t learning from the past. Oh, he’s learning, but what he’s learning from FDR is how to grow government.

While Europe did not spend lavishly on “New Deals” to bring themselves out of the Depression of the 1930’s, FDR did. He created an expensive, wasteful New Deal and spent every dollar available to bail out and nationalize industries (witness the Tennessee Valley Authority created May 18, 1933 by FDR). He could have accomplished the same thing much more economically by cooperating with private industry.

This progressive stance is Obama’s own modus operandi and America paid dearly then and will pay today — our depression lasted 11 years, Europe’s depression lasted only three or four years. So much for government throwing money at financial problems. It isn’t in our best interest. Yet, Obama is primed to again “bailout” ten of nineteen banks recently re-examined by the Federal Government and found to have deficient funding. Obama wants to spend upwards of $100 billion, making them “sound financially.”

Sun Trust Bank, prominent in Florida and Georgia, is among those banks. I say let all of the ten unsound banks fail, however convenient it may seem to bank at one of Sun Trust’s many branches or those of other non-passers of the government tests. Customer savings will be covered by the FDIC for up to $250,000 per account, which should protect virtually all savings accounts. Strong banks will assume this business and emerge even stronger. That’s the way it works in free enterprise and everyone understands the rules going in, everyone except fascist Barak Obama.

During the election campaign Obama said he had recently been studying the life of the most prominent Republican in history, Abraham Lincoln. However, since arriving at the White House he has not been following good old Abe as much as FDR. His Lincoln references were merely a ruse, a bid for independent and Republican votes and to make voters get that fuzzy Republican feeling and a false sense of security that Obama would rule from the middle, not the far left. But if he followed centrists ideals of fiscal responsibility, we wouldn’t be traveling this road, bailing out every company that is near bankruptcy. A moderate or a conservative would have let failed firms fail.

Democrats are smart enough to know that this would be better for the country. But they have greedy hands. They want to get reelected time after time more than they want the country to succeed. I find it to be the height of arrogance for Obama’s gang to fault Rush Limbaugh and other conservatives for saying they hope Obama fails (at socializing America). I too hope he fails. All true American patriots should hope he fails. It is only the Democrats who want people to believe that they have the country’s interest at heart when they don’t. They have their own political survival in mind when they criticize conservatives for opposing socialism and the far left’s obvious attack on our liberties and on our Constitution.

“Too big to fail” shouldn’t be in the president’s lexicon. Economically, Obama would look more American than the Vladimir Putin he resembles today if he would stop this fascism and socialism stuff.

Regarding foreign policy, it might be better if our president were more assertive like Putin, proud of his nationality, able in negotiation and in leaving the strong feeling that if you cross America you’ll pay, capable and desirous of keeping promises made to countries like Poland and the Czech Republic regarding missile defense regardless of which president made them.

Instead, his foreign policy so far has been a dismal failure partly because of his hatred of anything signed into law by his predecessor. Contrary to George Bush who was a pragmatist, Obama equates a warm fuzzy hug between the presidents of Pakistan and Afghanistan as true mediation and “we’ve won the war with Al Qaeda.” He can’t be that inept, can he? He cozies up to America’s enemies: Raul Castro in Cuba; Hugo Chavez, Venzuela; Dmitriy Medvedev in Russia, Kim Jong-il, North Korea; King Abdullah, Saudi Arabia (who merited a big pandering bow. Remember, most of the nineteen perpetrators of 9/11 were from Saudi Arabia. Americans are sickened each time the news replays that terrible, deep subservient bow from an American president. How would America have reacted if President Roosevelt had pandered to Hitler? British Prime Minister Neville Chamberlain did just that and his name went down in infamy. He was a negotiator, sadly resembling Obama in weakness, signing the Munich Agreement in 1938, conceding the Sudetenland region of Czechoslovakia to Germany, part of his failed “containment” policy of Germany in 1939 that did nothing but embolden the Nazi regime.) Other’s that Obama has pandered include Iran leader Mahmoud Ahmadinejad who will have nukes thanks to Obama’s reticence to join Israel in taking them out. The problem is that Obama has no foreign policy, just a series of apologies. Others Obama wants to befriend are; Muammar al-Qaddafi, Libya, and Robert Mugabe, Zimbabwe.

If the above isn’t bad enough, what Obama does that is so inexcusable and damnable is that in his quest for international popularity he dishonors free men everywhere by giving the stamp of approval to these tyrants and their government-approved chaos, economic bungling, human-rights violations, torture (while he calls waterboarding torture and outlaws it), censorship, and forced labor.

Chavez has noticed our new president’s weakness — it doesn’t take a genius to see it — and has already acted against us with impunity. It isn’t coincidence that just this week Chavez nationalized a big American business within Venezuela’s borders, seizing all assets of an oil company owned by Americans. If that’s the kind of success attracted by Obama’s weak positions visa viz America’s enemies, we should want no part of it. It’s a disaster.

How Obama copies FDR:
Wasteful Spending: Both believe in Keynesianism and emphasize big government spending.

Power Hungry: Since moving to 1600 Pennsylvania Avenue, Obama has discovered how FDR won reelection three times — it’s war or threat of war. Have you noticed how fully he has embraced the Afghanistan war and the Al Qaeda nuke threat in Pakistan despite campaign words to the contrary? When, not if, Al Qaeda takes over Pakistan and their Nukes, Obama will attempt to use his powers of verbal persuasion to keep them from lobbing bombs at America and its allies. He will find you cannot negotiate from a position of weakness or threat of enemy attack. Power is all these people believe in, while at the same time Obama has drastically cut U.S. military spending down to pre-World War II levels, taken money out of his budget — a mere one-half of one percent — by eliminating bomb searches at our borders, and cancelled the F22 fighter jet, the fastest, most effective jet in our arsenal, even faster than anything the Russians have.

Habitual bullies: Obama and FDR rangled with business leaders and the “forgotten man” — those honest states’ rights conservatives who plan to own their homes and are neither poor nor rich. It is these conservatives who disdain affirmative action, big government, and Hollywood liberals — honest Americans they are, people who pay their bills on time, don’t buy cars and homes they don’t intend to pay for, never seek government help, in fact distrust governments and have never been foreclosed on, and, unlike many Democratic cabinet and other nominees, actually pay their taxes.

These are Obama’s enemies. These kindly folks are the quiet majority who will end up paying for Obama’s mischief.

Stock Market Gains: Both men incorrectly read interim stock market gains as signs of economic recovery. Seven of ten of the biggest stock market days of the twentieth century took place in the 1930s.

Guilty of Coercion: FDR and Obama coerced unwitting average citizens when they found that to justify giving to one forgotten man, they had to make a scapegoat of another. Businessmen were their chief targets.

Both lacked faith in the marketplace.

Taxes: Like President Hoover, FDR’s predecessor, Obama is about to take the perilous step of raising general taxes when economists warn it’s a deadly sin during recession. He has already imposed a ninety-percent tax on industry leaders who took bonuses despite the fact in the case of AIG those bonuses were authorized by Obama, himself, and his counterfeit Democratic Congress.

Tariffs: Hoover allowed the Smoot-Hawley tariff to become law. Obama has yet to take this step and we warn against it. Hoover’s tariff resulted in America having few markets for its goods and prolonged the recovery.

Protecting the Constitution: Roosevelt cared little for constitutional niceties, believing they blocked progress. Obama showed the same contempt for rule of law when he first announced he would give aid to banks which could pay it back. Then he changed his mind and called the aid preferred stock. He changed his mind again, now calling it common stock, or voting stock, which has little chance of payback if the bank goes under. He bypassed Congressional debate and the Constitutional provision that Congress holds the purse strings, not the presidency, which merely administers laws passed by Congress, and in a round-about way he left Congress in the dust, making it possible for him to nationalize those banks without anyone’s approval. How’s that for an end run around the Constitution?

Doctoring The Economy: FDR did it constantly, but Obama has non-stop “doctoring” going on because he believes that this economy is an opportunity too good to pass up, as his chief of staff Rahm Emanuel said.

Both Like To Control Events. I accuse Obama of treason for his hatred of the American system of government, his caving in to totalitarian governments, his $800 billion support of Hamas following their war with Israel last year, and his deceitful mismanagement of the financial crisis.

Strength of the Economy:
Both doubted its ability to right itself in storms, underestimating the vitality of the overall economy. It played into Obama’s and FDR’s hands to tell America how bad the economy was. Because Obama has the liberal press in his pocket, the recession won’t be over until the President says it’s over despite contrary compelling signs.

Pessimism:
Both men offered rhetorical optimism, but pessimism underlays their politics.

Demonizing Wall Street:
Both demonized Wall Street, finding no sin in government policy, believing business infidelity caused the market to crash (both with banks and housing). But the 1929 crash did not cause the depression any more than the current recession was caused by business.

Balanced Budget:
Both men correctly believe that this is not a time for a balanced budget. Obama has taken that one step further, blithely outspending all prior American presidents combined with nerry a wrinkle on his marshmallo chocolate forehead or a gray hair in his pitch black head, making certain no one will be able to balance a U.S. budget for a decade or more.

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