Posts Tagged ‘spending’
The pork projects are back with a vengeance, to the surprise of absolutely no one who still retains two functioning gray cells.
Citizens Against Government Waste has produced its annual report on the wasteful, and often totally idiotic spending habits of the people we send to Congress. You can check the book out in PDF form or search the database, here.
Greece has voted NO in the referendum, the EURO has fallen sharply, and everyone is running around with their hair on fire. Am I supposed to be surprised that the Euro-zone is a failure? Should I be astonished that the Greek government, which doesn’t go after tax scofflaws, and pays exorbitant pensions, is broke?
Well, I am not. Finer economic minds than mine predicted this from the beginning, and we are all surprised only by how long it took. The only reason the USA isn’t technically broke is that it continues to print money, which has lost 95% of its value in the past fifty years. When Hillary Clinton and Bernie Sanders and the rest of the Democrats call for more taxes on the rich and corporations, they never admit that if the government took the value of every asset owed by the “rich”, it still would not be enough to pay off our debt.
If you don’t want to be Greece in twenty years, or Venezuela, you’d better vote in people who can accomplish simple math, have balls and a backbone, and have principles stiffer than pudding.
This chart shows where your medical spending goes. If I had a similar chart on education dollars, you would see much the same graph.
Would you be surprised to learn that 65 of the 70 biggest spenders in Congress are Democrats? The Washington Examiner has a new feature called Appropriate Appropriations which monitors spending bills of all types on a daily basis. As it readily acknowledges, it uses the data in the Cato Institute’s Deepbills Project, which digitally flags spending in pieces of legislation.
For me, the true embarrassment is that Republicans still want to spend half of what Democrats do It should be MUCH less. I heartily recommend that you keep an eye on the Examiner’s new feature.
The only way in which the USA can default on its debt is if His Oneness orders that the debt service not be paid. As John Hinderaker points out, less than 10% of the federal government’s revenue is required for this Since the government is legally obligated to pay its debts, such an order would be an impeachable offense.
The MSM and the Democrats are lying to you. Spread the word, along with the fact that Democrats not only want to bust the spending caps of sequester, but want to spend an additional trillion.
UPDATE: Here’s another good piece by Jon Hall on the deliberate misleading of the public by His Oneness, Democrats and most of the media.
Sen. Mary Landrieu took to the floor to declare that the Washington spending problem exists only on FOX News. She eventually said it was only discretionary spending, but that isn’t true either. She is either as profoundly economically illiterate as His Oneness, or equally as delusional, or equally as willing to lie through her teeth.