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POPSBoehner to Obama: We Need to Start Cutting Spending Nowby
merrie Yesterday 11:23 PM 
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In a letter sent to President Obama last week, Boehner and House Republican Whip Eric Cantor (R-VA) asked the president to invoke his authority under the Impoundment Control Act of 1974 to submit specific proposals rescinding spending already in place. Boehner and Cantor pledged that if the president grants their request and chooses to use this authority, which has been invoked 1,178 times by previous presidents, they will introduce each proposal as a stand-alone bill in the House of Representatives. "Here in the House of Representatives, there is no shortage of opportunities to vote on bills increasing spending or creating new programs, but very seldom do we consider bills to actually reduce spending or eliminate programs," Boehner and Cantor wrote last week. "Since increasing the debt limit by $290 billion on December 16, the House has not considered one bill to reduce the national debt.
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POPSDeficit – What Is It and How Much Is It? For the 2010 budget year, the federal government has budgeted tax receipts of approximately $2.4 trillion and budgeted expenditures of approximately $3.6 trillion, leaving a budget deficit of roughly $1.2 trillion. That means the federal government expects to add about $1.2 trillion to the national debt in 2010. Stated another way, the federal government plans on spending 50% more than it collects in taxes in 2010. If American families ran their household budgets this way, they would go bankrupt. But our Washington politicians seem to think they can keep spending as much as they want to, regardless of how much money our government actually has. Thank you for visiting this site and reading this article on the deficit and the national debt. Your interest in the national debt and related topics is very much appreciated, and you are invited to read additional articles on this site. http://twitter.com/TheNationalDebt
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POPSAmerica Rising Of course, every economist and statistician I have talked to on air says the stats don’t exist and this statement in most part is a fabrication. The Congressional Budget office said there were only 600,000-1.6 million of potentially created jobs. It said it was impossible to determine how many of those jobs could have existed without the stimulus package. Another lie Obama smoothly threw out was about the White House and Congress doing their work openly as the people deserve. What a bunch of bull rot! Obama promised if you remember that the health care negotiations for health care legislation would be aired openly on C-SPAN, so the folks could see what was going on and how it affected them. WRONG. Instead, most has been done behind closed doors. Obama declared in his speech that he and his staff excluded lobbyists from policy-making jobs or seats on federal boards and commissions. However, once again this was a proven lie. http://bit.ly/UJs5y http://teaparty.org
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POPSETERNAL DEBT-The American Way! Well, for one very simple reason. That is not the way our system works. You see, for more dollars to enter the system, the U.S. government has to go into more debt. The U.S. government does not issue U.S. currency - the Federal Reserve does. The Federal Reserve is a private bank owned and operated for profit by a very powerful group of elite international bankers. If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top. It belongs to the Federal Reserve. The U.S. government cannot simply go out and create new money whenever it wants under our current system. Instead, it must get it from the Federal Reserve. So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.
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POPSDeficit Q & A David Walker is the Paul Revere of the federal budget, sounding the alarm about galloping deficits long before it was cool to talk about making revenues meet obligations. Q. Is there a point at which China could say, 'We've decided to stop lending you money?' A. What's more likely is that China will say, 'We're not going to lend you money unless you pay us higher interest rates.'"
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POPSRepublicans Say Obama Loan Program is First Step Toward TARP Slush Fund
The president’s idea, which requires legislative action by Congress, would remove the $30 billion from the pot of money that is scheduled to be paid back to the $12.4 trillion national debt this fall, when TARP is scheduled to expire. A White House official confirmed to The Daily Caller that the money would no longer go toward paying down the debt if the president’s idea became law. “They can do that?” asked Sen. Mark Pryor, Arkansas Democrat. A White House release said that the reason for moving the money out of TARP would be to “encourage broader participation by banks, as they would not face TARP restrictions.” Many of the largest recipients of TARP funds have paid back their loans with interest, seeking to avoid government dictates on executive pay or other matters. Pryor said that using TARP money for such a purpose likely went outside the bounds of “truth in budgeting.” “If we’re going to spend more money let’s be more transparent about that, ,” he said.
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POPSThe Republicans' Reagan Amnesia And what were those principles, exactly? No. 1—according to the resolution—was “smaller government, smaller national debt, lower deficits and lower taxes.” Let’s take those from the top. Smaller government: Federal employment grew by 61,000 during Reagan’s presidency—in part because Reagan created a whole new cabinet department, the department of veterans affairs. (Under Bill Clinton, by contrast, federal employment dropped by 373,000). Smaller deficits and debt: Both nearly tripled on Reagan’s watch. Lower taxes: Although Reagan muscled through a major tax cut in 1981, he followed up by raising taxes in 1982, 1983, 1984 and 1986. In 1983, in fact, he not only raised payroll taxes; he raised them to pay for Social Security and Medicare. Let’s put this in language today’s tea-baggers can understand: Reagan raised taxes to pay for government-run health care.
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POPSThe Deficit of Trust " Let’s invest in our people without leaving them a mountain of debt. Let’s meet our responsibility to the citizens who sent us here. Let’s try common sense. To do that, we have to recognize that we face more than a deficit of dollars right now. We face a deficit of trust " deep and corrosive doubts about how Washington works that have been growing for years. To close that credibility gap we must take action on both ends of Pennsylvania Avenue to end the outsized influence of lobbyists; to do our work openly; and to give our people the government they deserve. " Wouldn’t it be great to have a President who talked about trusting the ability of free people to make wise decisions? Instead, the current occupant frets about the “deficit of trust,” even as the federal budget deficit soars past a trillion dollars, and his third request to raise the ceiling of the national debt " after only a single year in office " has brought it past $14.3 trillion dollars.
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POPSAccelerated Mortgage payments I'm not spamming here... really. I just heard about this on the news and it sounded interesting. I had no idea that these type of programs used a HELOC. I always assumed these type of programs just made extra payments in principal or made payments every four weeks instead of monthly (adding one payment per year). Now, I have to look into this further. - anybody else familiar with this?
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POPSThere Was the President's Speech, and There Is Reality As for spending, Obama didn't once apologize for his reckless expenditures. Instead, he blamed his soaring deficits on his predecessor, completely misrepresenting the projected deficits under President Bush and ignoring his own deliberate doubling of the national debt over the next 10 years. That's the issue Americans are losing sleep over, and he offers only Band-Aids and smoke and mirrors.
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POPSLet's talk about defense spending.... It's the pink elephant in the room. It's very bloated, and can't even be accounted for. It's our nations defense budget. We can cut A LOT there and help shore up the national debt.
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POPSYour Identity Theft Nightmare ....this front man for a pack of Chicago gangsters and con artists is going to stand up in front of the nation Wednesday night and propose a 3-year freeze on discretionary spending. He's not going to reduce the deficit spending (hovering around $200,000,000,000.00 per month). He just wants to freeze it at the current level. Imagine your worst identity theft nightmare. Imagine that East side crack whores have stolen your I.D. and your Visa and Mastercard. They know your ATM and bank account passwords, and they are running wild through every mall in the DFW Metroplex. You know they're doing it, and the police know they're doing it. The police come back to you, and say that the crack whores have agreed to keep their spending at a certain ridiculous level, and that you should be pleased by their heroic self-sacrifice. Feel better? I didn't think so. Posted by The Whited Sepulchre Your Identity Theft Nightmare at http://bit.ly/d0v7zh
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POPSStop The Spending Binge Petition...Please Sign On behalf of all taxpayers, small businesses and future generations, we urge you to support an amendment to the U.S. Constitution mandating that Congress balance the federal budget. Add your name to the petition by completing the form on the right. Read the full letter to Members of the United States Senate and House of Representatives The federal government’s Ponzi Scheme on the Potomac endangers America’s already-beleaguered economic health and imperils the basic freedoms of American working families. Leaders in both parties have irresponsibly run up debt. And, since President Obama took office, the debt crisis has grown exponentially worse. The facts tell the story. The average American household now carries over half-a-million dollars in Federal debt. And it’s growing quickly: The Obama administration is now predicting that the federal budget deficit will exceed $10 trillion through 2019. Meanwhile, some economists are predicting that in about 15 years,
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POPSThe Sanctity of Military Spending is Obscene The facts about America's bloated, excessive, always-increasing military spending are now well-known. The U.S. spends almost as much on military spending as the entire rest of the world combined, and spends roughly six times more than the second-largest spender, China. Even as the U.S. sunk under increasingly crippling levels of debt over the last decade, defense spending rose steadily, sometimes precipitously. That explosion occurred even as overall military spending in the rest of the world decreased, thus expanding the already-vast gap between our expenditures and the world's. As one "defense" spending watchdog group put it: "The US military budget was almost 29 times as large as the combined spending of the six 'rogue' states (Cuba, Iran, Libya, North Korea, Sudan and Syria) who spent $14.65 billion."
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POPSCutting SSI and Medicare or Here We Go Again
Whether the Administration is Repub or Dem, it's just dying to get its grubby little paws on that Social Security money. Crap,crap, crap! More from the article/letter below: "For nearly three decades, Social Security has taken in more revenue each year than it has paid out in benefits. These excess funds have been invested in special issue U.S. government securities. Thus, Social Security has effectively been loaning its excess funds to the federal government to spend on other programs. Rather than increasing the federal deficit, Social Security’s annual surpluses have actually been covering up the true size of the deficit in the general fund." There are no congressional hearings and no opportunity for members of the House to weigh in on the proposals. To rub salt in the wound, this plan was largely crafted not by members of the House, but by vice president and former Delaware senator Joe Biden along with two senators:Kent Conrad, the North Dakota Democrat ... and Republican Judd Gr
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POPSThe World Bids Farewell to Obama The center-right Frankfurter Allgemeine Zeitung writes: "Of course the president rejects the interpretation that the Massachusetts election was a referendum on his first year in the White House. But he cannot ignore the fact that his health care reform package is not popular, the situation of the country's finances is seen as threatening and many voters blame the high unemployment rate on the party in power -- on the Democrats, led by Obama. The result is a second year in office full of very different challenges than the first. To save what there is to be saved, Obama will have to be prepared to fashion a bipartisan compromise on health care -- a compromise with a Republican Party which has tasted blood and can now dream once again about a return to power." SPIEGEL ONLINE http://bit.ly/5sYj4r
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POPSMYJ | 1968 Nobel winner passes; studied protein synthesis
Blogger Note | Cancer survival patients like me owe much to a previous generation of great scientific researchers like Marshall Nirenberg. Almost no day expires without finding reports like this about any one of the members of a legion of great scientists to whom we all owe a great debt. QUOTING THIS SOURCE | "We feel like losing our close friend who has created the base of the current molecular biology and translational medicine," Akira Kaji of the University of Pennsylvania and Hideko Kaji of Thomas Jefferson University, who both studied protein synthesis at the time of Nirenberg's key discovery and interacted with many researchers in his lab group, wrote in an email to The Scientist. "In our opinion, his contribution is one of the greatest among Nobel laureate who received the prize in physiology and medicine. He discovered common language used throughout the living matter from the simplest virus to the most complicated living matter, human being ." ___ SOURCE
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POPS I Thought Keynesian Economics Was Dead? and increasingly unappealing cars " hit the wall, the American taxpayer was on the hook for that industry’s failures as well. Have any of these lavish expenditures resulted in anything that was promised? No, but they did inflate our deficit to a previously unbelievable $1.5 trillion and our national debt to an even more unbelievable $12 trillion. We all took notice when the Nobel Committee awarded their peace prize to Barack Obama, whose greatest accomplishment to that date was finding the bathrooms in the White House. But even more shocking was their awarding the economics prize to loony lefty Paul Krugman in 2008. (Yes, this is the same Nobel Committee that awarded the 1976 economics prize to Milton Friedman and the 1974 economics prize to Friedrich August von Hayek) Krugman, who is surely disappointed that the Soviet economic model is no longer around to provide inspiration, has parted ways with Obama because he isn’t spending enough and has become .....
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POPSThe mini ice age starts here Ok...can we be done with this decades long man-made climate change propaganda and start dealing with the here & now? China is economically starting to take over the world, the US is in debt up to our great-grandchildrens' eye-balls, and we need to produce our own sources of energy. Stop funding fake science and environmental fears. Allow our entrepreneurs to meet the practical needs of Americans...and don't take my LIGHT BULBS!
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POPSHere's what WON'T happen in 2010 Obama will stop blaming George W. Bush for his failures. Liberals will stop blaming George W. Bush for him failing to get them a date on eHarmony.com. After admitting that human behavior might not be causing global warming, Al Gore will get a real job. California will become a national model for state budgeting. The New Jersey Nets will waltz their way to an NBA championship. General Motors will become the world's most profitable carmaker. Despite Democrats' massive spending, taxes in America will fall. Huge new taxes to pay for ObamaCare will spur investors to pour billions into new businesses, igniting a wild economic boom overnight. Obama, America's first postpartisan president, will actually include Republican ideas in his agenda. The mainstream media will treat Sarah Palin fairly. and pundits will finally stop making stupid predictions.
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POPS10 Reasons Why Republicans Will Win in 2010
CAP and TAX – Another massive tax increase on American families and small businesses. Ben Nelson’s Payoff – Ben Nelson sold his health care vote to Harry Reid for $300+ million in lower taxes for Nebraska. The $12 Trillion+ National Debt – Democrats in Congress spending money they don’t have. Mortgaging our children’s future. Nationwide Unemployment rate at 10% - The Democrats are spending money like it’s going out of style and yet they are ignoring policies that would create new jobs. The Government Takeover of Health Care - If the bill that comes out of Congress is signed into law, it will amount to a massive government expansion into our daily lives. It is the number one reason why Democrats should be defeated. Huck PAC is determined to lead the charge next year to regain Republican Majorities in the House and Senate. We will only support conservatives. We have a December online fundraising goal that we are $9,119 away from reaching. Will you make a donation today to
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