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Tag Archive: Deficit


Poll: Americans Don’t Really Like the Job Obama’s Doing

 

” When President Obama discusses the economy in his State of the Union Address Tuesday night, he will be dealing with an area in which the American public gives him relatively low performance ratings.

The same thing applies to immigration, energy policy, guns, and taxes.

Gallup found that President Obama is heading into his fourth State of the Union address Tuesday night with an overall job approval rating of around 50 percent. But in eight of the nine specific areas measured, more Americans disapprove than approve of the job he’s doing.

In only one category — national defense — did Obama’s approval rating (53 percent) exceed his disapproval rating (44 percent). “

 

 

Here are the latest Gallup poll results for the president’s approval ratings …

 

Gallup Obama 2-7:10-13

 

 

Obama Rated Highest on Foreign Affairs, Lowest on Deficit

 

 

” If President Obama focuses on the economy in his fourth State of the Union address Tuesday night, as news reports indicate he will do, he will be dealing with an area in which the American public gives him relatively low performance ratings. The president’s 39% rating on handling the economy is essentially the same as the 38% from this time last year, although lower than the ratings of 45% and 44% he received just before and just after last November’s presidential election. Obama received his lowest rating on the economy (26%) in August 2011, in the aftermath of the debt ceiling fight in Washington. Obama earned his highest economic rating, 59%, in February 2009 — in the first measure after he took office.”

 

 

Read the entire poll results and details here .

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ILLINOIS TOWN RUNS OUT OF GAS MONEY FOR POLICE CARS

 

 

 

 

 ” Dixmoor, Illinois, has a government spending problem. After years of taxing its inhabitants into leaving, resulting in a loss of $600,000 in tax revenue last year, the city has run out of cash to pay for the gas for the town’s police cars. “It’s horrible,” reported Dixmoor Fire Department Chief Thomas Wendt. “My staff had payments bounce today because they didn’t get their checks.” “

China Eclipses U.S. as Biggest Trading Nation

 

 

” China surpassed the U.S. to become the world’s biggest trading nation last year as measured by the sum of exports and imports of goods, official figures from both countries show.

U.S. exports and imports of goods last year totaled $3.82 trillion, the U.S. Commerce Department said last week. China’s customs administration reported last month that the country’s trade in goods in 2012 amounted to $3.87 trillion.

China’s growing influence in global commerce threatens to disrupt regional trading blocs as it becomes the most important commercial partner for some countries. Germany may export twice as much to China by the end of the decade as it does to France, estimated Goldman Sachs Group Inc.’s Jim O’Neill.

“It is remarkable that an economy that is only a fraction of the size of the U.S. economy has a larger trading volume,Nicholas Lardy, a senior fellow at the Peterson Institute for International Economics in Washington, said in an e-mail. The increase isn’t all the result of an undervalued yuan fueling an export boom, as Chinese imports have grown more rapidly than exports since 2007, he said.”

 

Eastwood Disappointed By Lack Of Bipartisanship

 

 

 

” Halftime in America is over and talking to the chair didn’t work, so Clint Eastwood’s taking his political disappointment directly to the people.

The actor, director and Man With No Name went on CNBC on Friday to lament the lack of bipartisan cooperation in Congress and to give some credit to former Republican Sen. Alan Simpson and former White House chief of staff Erskine Bowles for at least trying back in 2010. He worried aloud that the intractable disputes between both sides of the aisle will lead to political complacency that will only further complicate national politics.

“It’s almost like they don’t give a damn,” Eastwood said. “If they don’t give a damn, why do they expect anybody else to?”

It’s been an unusually active political cycle for Eastwood, whose appearance in Chrysler’s “Halftime in America” Super Bowl ad last year in the middle of primary season made onlookers speculate which side he would take in the 2012 presidential election. He supported John McCain in 2008, but his dissatisfaction with President Barack Obama’s economic policies led him to the Republican National Convention and his conversation with a piece of furniture standing in for the president.”

 

 

 

Eastwood

 

 

 

Debt Limit , For The Everyman

Yikes !

Mercatus Center at George Mason University

 

Click The Link To Find Your Candidates .

 

See who’s fiscally responsible in your district before you cast that ballot . 

 

 

 ” Today NTU released its comprehensive, interactive ballot guide to help taxpayers in all fifty states navigate the fiscal landscape and make the right choices for lower taxes and less government on November 6th. Click here to find your state.

The Heritage Foundation’s Robert Rector and Rachel Sheffield explain how the relentless upward trajectory of welfare spending is bankrupting the U.S. at an alarming pace. According to the recent Congressional Research Service report cited in the piece, welfare now costs taxpayers an eye-popping $1 trillion a year.”

 

Cartoon by Michael Ramirez 

Battle Won ? War Lost ?

The Tea Party

 

  ” Although those asked in this CNN poll said Obama “won the debate” 46-39, look at the responses on who voters find would be better to handle the economy, healthcare, tax policy, and the deficit. 

Obama may have “scored style points”, but clearly Romney showed a vision and poked holes in Obama’s record. What do you think of these numbers? “

 

“The following is the text of a statement Tuesday
by rating agency Moody’s:

Budget negotiations during the 2013 Congressional legislative
session will likely determine the direction of the US government’s Aaa
rating and negative outlook, says Moody’s Investors Service in the
report “Update of the Outlook for the US Government Debt Rating.”

If those negotiations lead to specific policies that produce a
stabilization and then downward trend in the ratio of federal debt to
GDP over the medium term, the rating will likely be affirmed and the
outlook returned to stable, says Moody’s.

If those negotiations fail to produce such policies, however,
Moody’s would expect to lower the rating, probably to Aa1.”

Deficit Denial

100 Percent FED Up

 

 

Salary of retired US Presidents ………….$180,000 FOR LIFE
Salary of House/Senate …………………..$174,000 FOR LIFE
Salary of Speaker of the House …………$223,500 FOR LIFE
Salary of Majority/Minority Leaders …… $193,400 FOR LIFE
Average Salary of a teacher ……………. $40,065
Average Salary of Soldier DEPLOYED IN AFGHANISTAN $38,000
I think we found where the cuts should be made!

Perfect Timing

The Heritage Foundation

 

$16,000,000,000,000.00 Red Ink

” 10 Reasons America is Not Better Off Than Before Obama “

“1980, presidential hopeful Ronald Reagan said, “are you better off than you were four years ago? Is it easier for you to go and buy things in the stores than it was four years ago? Is there more or less unemployment in the country
than there was four years ago? Is America as respected throughout the world as it was? Do you feel that our security is as safe, that we’re as strong as we were four years ago?”

Washington Post points out a few stats:
  1. Median household income fell 4.8%, to $50,964 from June 2009 to June 2012.
  2. Incomes have dropped more since the start of the recovery than they did during the recession itself. (Recession was from December 2007 to June 2009.) ”

Read the rest .

“The War on Children”

  ”  If you think Barbara Boxer’s right about General Romney’s war on woman, feel free to waste
your vote. But what else is likely to happen between now and the next time you cast a presidential ballot? We’ve rehearsed the fiscal stuff in this space before: China becoming the world’s biggest economy, another American downgrade, total U.S. liabilities equivalent to about three times the entire planet’s GDP. A “non-partisan” Pew Research study says the American middle class faces its “worst decade in
modern history” — and the first bump down starts on January 1: The equally “non-partisan”
Congressional Budget Office now says that the tax and budget changes due to take effect at the
beginning of 2013 will put the country back in recession and increase unemployment. This is a
revision of their prediction earlier this year that in 2013 the economy would contract by 1.3 percent. Now they say 2.9 percent. These days, CBO revisions only go one way — down. They’re gonna need steeper graph paper. In a global
economy, atrophy goes around like syphilis in the Gay Nineties: A moribund U.S. economy further mires Europe, and both slow growth in China, which means fewer orders for resource-
rich nations. . . . Four wheels spinning in the mud, and none with a firm-enough grip to pull the vehicle back on to solid ground.”

“4 Ways the GOP Convention Can Win it for Romney”

   ” The issues that voters care most about in poll after poll this cycle are the economy, job creation, and federal budget deficits that will
once again exceed a trillion dollars for the fourth year in a row. Providentially, the Republican ticket has an enormous level of credibility on these issues, with
Mitt Romney’s long track record of
private-sector success and Paul Ryan’s record of offering specific budgetary reform.

  Republicans have an opportunity to speak directly to voters on these issues, which will also highlight how the Obama campaign has avoided addressing them at all. “

On our decline

  ” I wouldn’t claim to know what America believes or even what “New Hampshire Believes,” but this
is what I believe – that another four years of the present statist ascendancy will seal America’s
fate. As noted here previously, the International Monetary Fund predicts that China will become
the world’s dominant economic power by 2016 So the guy elected in November will be the first
president since Grover Cleveland to know what it feels like to be the global also-ran. Even this, however, understates the size of catastrophe the United States faces. There are no precedents in history for a great power spending itself to death
on the scale America is doing. Obama has added $5 trillion to the national debt, and has nothing
to show for it. Do you know how difficult that is to do? Personal debt per citizen is currently about 50 grand, but at least you got a La-Z-Boy recliner and a gas-fired barbecue out of it. Obama has spent America’s future, and left no
more trace than if he and his high school “choom gang” had wheeled a barrow of five trillion in large notes behind the gym and used them for rolling paper. Right now, combined total debt in the United States is just shy of $700,000 per
family. Add in the so-called “unfunded liabilities” that a normal American business would have to
include in its SEC filings but from which U.S.  Government accounting conveniently absolves
itself, and you’re talking about a debt burden per family of about a million bucks. In other words, look around you: the paved roads, the landscaped shopping mall, the Starbucks and the juice bar and the mountain bike store. … There’s nothing holding the joint up.”

From The Rio Norte Line which graciously provides a choice collection of videos featuring Paul Ryan . View them all for a look at a serious man who understands the issues facing this country .

” I’m pretty excited about Romney’s
choice. These are two serious men who understand what needs to be done to correct our downward trajectory.

  Compare the moral conviction, the
strength and intellect, the competence of these two, their devotion to their religions, their devotion to their families, their connection to reality and their
honesty to the two on the other side.

   Not much of a contest is it?”

   ” Big Guy can’t do anything about the deficit because he can’t get the do-nothing Congress to work with him. He can’t do anything about the terrible economy (which he isn’t responsible for anyway…that honor goes to George W and his do-too-much Congress) because the do-nothing Congress won’t let him spend any more money.

This has some of our Dems rattled. They’re starting to ask “What is Big Guy responsible for?” And “what is the Big White really competent at?” So we’ve been tasked with coming up with a list. Here’s what we’ve got so far:

  • drone attacks
  • picking Green Energy winners
  • stonewalling
  • parties for Presidential Medal of Freedom winners ”  

You know , it seems to me that if all of Barack’s  friendsstaff , advisors and associates paid up their back taxes and penaties it would contribute a whole lot more towards reducing the deficit than a dozen ” Buffett ” tax scams .