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Archive for the ‘Federal Budget, Spending’ Category

Every once in a while, the political left shows its true colors such was the case with Paul Krugman during a recent appearance on MSNBC.  Krugman says we don’t need to worry about cutting entitlements in the next ten years.  Former Republican Congressman Joe Scarborough took Krugman to task in an editorial for saying that we do not need to cut federal spending.  Scarborough went a step further when he reprinted the conclusions of a Rand Corporation study about the negative impact of the growing federal debt.

Scarborough’s attack on Krugman prompted an Atlantic columnist to say that Scarborough “flunked” economics for citing an economist for the proposition that our rising national debt matters.   That’s become the party line at the Washington Monthly as well.  There’s humor in the efforts of all these journalists to label one of their own a hack.  Even more interesting was that none of these esteemed journalists managed to figure out who wrote the piece cited by Scarborough.  The original author was C. Richard Neu.  Neu makes a simple point:  get to work on the debt.

Far from the mistakes of a freshman economics student, Neu is a Harvard Ph.D in economics.  In other words, Krugman’s views disagree with a fellow international economist.  Perhaps since Krugman is a graduate of Yale and MIT, this is simply another example of Ivy League tribalism.

Markets remain uncertain about the long-term trends, but they aren’t good.  Without reform, the wave of baby boomer retirements will outstrip outstrip our tax base.  Krugman insists we need more stimulus spending now to create jobs.  Just as important is letting people know what their retirement will look like decades hence.  Waiting until the crisis arrives is unconscionable.

 

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This is a non-partisan video produced by an accountant, Hal Mason, who retired after 27 years with IBM. He looks at the federal budget’s revenues and expenses and illustrates the deficit problem.   There are tough choices coming.  You wouldn’t know it from listening to the federal candidates in most cases.   
 

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That’s right. Nearly one-fourth of Fort Collins, Colorado is in a food desert. I am happy to say that Estes Park is not in a food desert.

The USDA even has an official map so you can check to see if you are in a food desert.

According to Wikipedia, “the food desert concept was first introduced in the United Kingdom in the early 1990s to examine disparities in food pricing and to describe geographical areas with limited access to retail grocery stores. Food deserts are generally described as areas with high poverty rates and low access to healthful food. The main factor used to classify a community as a food desert is distance from nutritional food retailers.”

Also according to Wikipedia, “in early 2010 the Obama administration unveiled the Healthy Food Financing Initiative (HFFI) that will promote a range of interventions that expand access to nutritious foods, including developing and equipping grocery stores and other small businesses and retailers selling healthful food in communities that currently lack these options. The initiative provided more than $400 million in funding intended to bring grocery stores and healthful food retailers to low-income rural and urban communities. This effort is in concert with Michelle Obama’s “Let’s Move” campaign to counter childhood obesity.”

In a New York Times article on April 17th, titled “Studies Question the Pairing of Food Deserts and Obesity”, the Times said: “It has become an article of faith among some policy makers and advocates, including Michelle Obama, that poor urban neighborhoods are food deserts, bereft of fresh fruits and vegetables. But two new studies have found something unexpected. Such neighborhoods not only have more fast food restaurants and convenience stores than more affluent ones, but more grocery stores, supermarkets and full-service restaurants, too. And there is no relationship between the type of food being sold in a neighborhood and obesity among its children and adolescents.”

The New York Times is correct; the food deserts that Michelle Obama worries about do not exist. What a shame. The Times further discovered that even if they did exist, it has nothing to do with obesity.

So why are we spending half a billion dollars on fighting something that doesn’t exist?

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by Mary Duryea

The big budget, big deficit, big regulation trajectory of our present administration appears headed toward big losses for small business and small towns. Consider the proposed 2013 budget that adds 1.3 trillion to the already astonishing national debt. There is no clear path forward to alleviate that debt. We could just expect our children to pay or we could increase taxes for those with incomes over $250,000. This presumes those “rich” folks are faceless and have lavish lifestyles. The truth is that many of the small businesses that create jobs file as individuals. Those “rich” folks may just be our friends and neighbors struggling to keep a business opened right here in our small town. The truth is that taxing the “rich” can never generate the revenue needed to remove our debt anyway and broken small businesses will decrease revenue instead.

Consider the cost of regulation. One friend recently described the 30 plus documents that were filed in opening a small business. In one case two members of the regulatory commission agreed that the purpose of the regulation had been met but because they couldn’t agree on how to fill out the form the filing was denied. How does that promote jobs?

As the government grows small towns, businesses and individuals lose. When there is deregulation, debt reduction and local control everyone wins.

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English: President Obama had called on the two...

Image via Wikipedia

by Roger Galloway

Let’s establish a little timeline for the events leading up to our situation in 2012:

–          Jimmy Carter established the Community Reinvestment Act

–          Bill Clinton had his attorney general, Janet Reno, coerce banks into making mortgage loans to people with “questionable” credit

–          With Clinton people running Freddie Mac and Fannie Mae, making “questionable” loans morphed into making loans to people with no credit, no jobs, no income, with no questions.  Since Freddie and Fannie were purchasing these bad loans, banks were quite comfortable making them.

–          In order to keep the housing bubble from bursting on Obama’s watch, democrat operatives made sure it occurred right at the end of the Bush administration.  Insurance companies, banks, and securities companies were threatened by the bad loan paper they held.  “They were too big to fail.”  Democrats and their “fairness” policies created the crisis.

–          President-elect Obama and all the smartest people in Washington insisted we must bail out the financial institutions (of their choice).  $789 billion dollars went to buy insurance companies, give GM to the United Auto Workers union (while disenfranchising GM bondholders), bail out Chrysler, banks, and Wall Street firms.

–          Once President Obama and his democrat-controlled House and Senate were in place, we were told we must have a stimulus plan to keep our economy afloat and keep unemployment under 8%.  Another $800 billion is given out to save government union workers jobs in states, counties, and cities.  Also private companies who supported Obama’s election and were also “green companies” received the administration’s largesse.  Much will flow back to the Obama reelection campaign.

–          Obama jammed through Obamacare, with the cooperation of Nancy Pelosi and Harry Reid.  It was hard, but with things like the Cornhusker Kickback and tons of exempted states, unions, and companies, they got the job done.  It is the biggest jobs killing government takeover in the history of our country.

–          George Bush amassed a national debt of $5 trillion during his 8 years in office while dealing with 9/11 and fighting two wars.  Obama will add over $5 trillion in 4 years!

If you do the math, $16 trillion of federal debt equals $53,333 for everyone who is alive in our country!  That’s 300,000,000 people divided into $16,000,000,000 of debt.  And that number doesn’t include the debts of the states, counties, and cities.  The federal government is borrowing 40 cents of every dollar it is spending.  The feds have spent our Social Security taxes, crippled our economy, starved us of our own natural resources, devalued our money, regulated every aspect of our lives, and impoverished every citizen.  Another term for Obama and a democrat controlled Senate will have America devolve into something worse than Greece!  Obama’s “Change” has been to pursue every failed and flawed idea of the last 150 years!

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Today Mitt Roney managed to deliver the Democrats the most awesome out of context sound byte ever. It is clear he doesn’t understand or know how to articulate a conservative position on the issue. That is because he is not a conservative, he’s a liberal. Sounds like he is starting to implode. And this is the candidate that the establishment wants to run against Obama?

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This one should be tough for the supporters of the current regime to swallow….AND it comes from ABC NEWS…

Obama promising jobs in the U.S. by improving our infrastructure is so typical of all his promises! Our tax dollars are at work – for CHINA! And we borrowed the money from China to pay China!!!

Click here: U.S. Bridges, Roads Being Built by Chinese Firms | Video – ABC News

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