Showing posts with label budget crisis. Show all posts
Showing posts with label budget crisis. Show all posts

Thursday, April 14, 2011

Liberal Hypocrisy 101

Yesterday during President Obama's budget speech, which was nothing more than total boredom, specifically he made an attempt to address the nation's long term debt problems... the tune of nearly $15 trillion that is. His speech was so far-left leaning, that apparently it seemed as though it put Vice President Joe Biden asleep.

When it came to Obama criticizing Republican lawmakers for refusing to raise taxes, one of the comments that President Obama said was "those who benefited most from our way of life can afford to give a little bit more... I don't need another cut tax cut and Warren Buffett doesn't need another tax cut."

Now let's analyze the President's comments for a moment. He wants to raise taxes on the wealthy people in this country because they can afford to give a little bit more. Radio talk show host Michael Savage made a good point yesterday which is this: Let's say Congress imposed a 100% tax on the rich and we take away all earnings of $250,000 and above, this tax would net about $1.4 trillion. The end result is that would fund the federal government for a couple of months.

Did you also know that if Congress were to take the profits of every single Fortune 500 corporation in America which is roughly the tune of more than $400 billion and allocate those funds into the federal government, it would also only last a couple of months? So let's tax the major corporations and the wealthy people, and that money will be gone in just a few months. I rest my case.

So if the super rich in this country can't save us, then what is President Obama's real agenda? Anti-capitalism? Destroy a free-market economy? I guess so. 

By the way, General Electric, didn't pay any income tax this last fiscal year. Should I also mention that Jeffrey Immelt, the CEO of GE is on President Obama's economic advisory board, and GE also owns the Obama cheerleading news channel MSNBC? Conflict of interest? Deal with the devil? Again, I rest my case.

But President Obama's hypocrisy and flat out ignorance doesn't stop there. His liberal and socialist philosophy is this ambition that the wealthy should support the programs in the Federal Government, and in turn support the welfare and the social rejects in this country. Not once did he acknowledge and give credit where credit is due, which is the billions of dollars tax payers have to shove out of their hard earned money to compensate for the benefits of illegal aliens. California alone pays nearly $10 billion a year in the cost of illegal immigration, something that has drastically destroyed the State's economy and without a doubt, has no chance of recovery. But I suppose in President Obama's book, compensating for illegal aliens, is the generous form of socialism.

Furthermore, President Obama has failed to show any sympathy or consideration towards my generation and the generations of people to follow who will be inheriting this massive debt caused by both he and former President George W. Bush.

On March 20th, 2006, then Senator Obama stated "The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."

Yes, we deserve better. And raising the debt limit? Isn't that exactly what Obama's little weasel of a Treasury Secretary is trying to do as we speak? 

So just five years ago, Obama showed remorse towards my generation over the country's reckless spending under Bush and a then-Republican controlled Congress, but totally refuses to acknowledge the reckless spending under his reign over the last two years and a Congress presided under Nancy Pelosi, who couldn't even pass the damn budget when it came due in September!

By the way, Mrs. Pelosi thinks "elections shouldn't matter as much as they do."  Moammar Gaddafi would be so proud, I'm sure. After all, Libya doesn't have any elections!


In the end, I really wish President Obama would have just come clean and admit to his anti-American stance. Please Mr. President, just say that the country is screwed and there is no way out. Not through higher taxes and not through the massive spending. You people in Washington can't even strike a balance between either of the two, much less address the problems alone. 


It is really getting pretty old, having to hear the constant hypocrisy and failing to address the issues this country is facing, and President Obama is simply embarrassing this country on every single point. Right now the United States is like the Titanic. We've already hit the iceberg and we're slowly sinking, but Obama is standing up there in the ship's bridge smiling and saying "its unsinkable!" 


Oh well! Tomorrow, lets see if we can survive in the frigid icy waters.





 

Tuesday, April 12, 2011

Government jobs open, despite budget crisis?

On Friday, Washington legislators agreed on a compromise which for now anyway, diverted a shutdown of the government. However they continue to find it unnecessary to get to the core of our fiscal issues. Republicans are still whining about spending, and meanwhile you have Democrats who want planned parenthood. Still no effective talks about reducing government and cutting spending in the public sector.

If that doesn't sound surprising to anyone, you may be shocked to realize that since the financial collapse of 2008, there have been little cuts on the local, state and federal government levels. Today more than 22 million Americans across the country are employees of the government. In other words, more people are working in public sector jobs with a largely inflated pension fund that tax payers are on the hook for, than people working in farming, manufacturing, forestry or technology industries combined.

People really are depending on the government.

And despite the fact that our yearly deficit is $1.4 trillion and our national debt is likely to exceed $15 trillion in just a few months, Treasury Secretary Tim Geithner is pleading with Congress to raise the debt ceiling limit, so we can borrow more money from China, without any consideration at all, to simply cut back the bloated bureaucracy of government.

Amid our financial crisis, the government continues to keep hiring. Yesterday, Fox Business released the most recent job openings in the federal government:

- $115,000 a year, to maintain a Facebook page
- $150,000 to $180,000 a year for equal opportunity compliance officers
- $100,000 to $150,000 for speechwriters

How embarrassing when millions of private sector jobs have vanished, yet spending money on positions like this are deemed necessary.

Another fact often overlooked is when the federal government comes out with its ridiculous numbers on the unemployment rate going down, most of the jobs being filled are usually in the public sector. Secondly, they tend to only count people receiving unemployment benefits after they had been laid off, as being legitimately unemployed. When people stop receiving the benefits, I guess the idiocies in the state and federal governments believe that those people somehow went back to work?

President Obama continues to spew this nonsense about becoming fiscally responsible.

When you're the President, or a Senator or a Congressman, and you're not smart enough to write your own damn speech and you end up paying a six figure salary to someone just to write it for you... maybe that is an indicator you should just shut the hell up.

Would that help cut cost on the federal level?

Tuesday, February 8, 2011

Governor Jerry Brown's election a good idea?

California Governor Jerry Brown continues with his wrath of bringing nothing new to California, and wants everyone in the State to vote in a special election to approve his budget deficit plan. Sounds like a coy. Governor Brown also is apparently semi-delusional on this issue since Governor Schwarzenegger asked for basically the same special election last year, which was overwhelming defeated by the people of California.

Yet when you consider that all of the politicians in Sacramento were elected to solve these problems, none of them will admit that they are all part of the problem as to why this State continues to suffer financially.

Since the politicians in Sacramento have no interest in solving real problems, lets give Governor Jerry Brown the benefit of the doubt on his budget deficit plan he wants Californians to vote on later this year.

In this special election, lets throw in the following as a rational solution to solve the $25 billion deficit:

- Vote for a part-time State Legislature that congresses every other year and reduces perks for all of them.

- Vote for an amendment to the California Constitution, which specifies that deficits will not be allowed.

- Eliminate the State Employment by 30%.

- No raises to State employee salaries and benefits, until the budget deficit is reduced to workable levels.

- Eliminate public employee unions.

- Eliminate worthless Governor appointed State boards and commissions that collect hundreds of thousands of dollars, for doing absolutely nothing.

- Eliminate programs that provide benefits to illegal aliens;

- And finally, lets sell or auction off all of that unused property which is owned by the State and is just accumulating depreciation.

What do you think Governor Brown? If this is all on the ballot, we may very well eliminate California's budget deficit entirely!

Tuesday, January 11, 2011

Ignorance in California Part 3: Governor Brown's plan

Sometimes I think the people in California are honestly re-enacting the movie The Producers. The things that go on in this State are unintentionally hilarious. Or maybe to Governor Brown, they are intentionally hilarious.

Who the hell knows?

Governor Brown has a so-called new plan to solve California's $25 billion deficit crisis. His plan is to ask tax payers to "dig deeper" into their wallets to solve its escalating financial problems. First of all, I need to apologize to any reader of this commentary blog, because I said about a month ago that Governor Brown would propose something like this sometime in his first year as Governor. Well, I had no idea he would do it just days after he was sworn in.

His grim plan includes slashing the state's welfare program, health care to the poor, about a $1 billion cut from both the University of California and California State University institutions and eliminating home health services to elderly citizens.

You may recall during the election, that Governor Brown vowed to only raise taxes if tax payers approved it. So come this June, Governor Brown will be asking tax payers to most likely vote on a measure that would approve these cuts and raise taxes.

Now I had thought that Governor Brown said last month "We've been living in fantasy land..." 

I guess he too is living in fantasy land because he seems to forget that just last year, Governor Schwarzenegger had a special election to raise taxes and cut pretty much the same programs. The measure was defeated overwhelmingly by most of California.

Does Governor Brown honestly believe that this will be any different?

Well it might, if you consider that the same ignorant voters in this State that chose to elect him as Governor, will probably continue to be ignorant and go with the flow. Why? Because he is a Democrat.

I'd really like to see the look on every voter's face if and when there is an election and the measure is passed, taxes raised and programs cut. Then you're going to hear all of this whining and complaining from people who can't figure out why they're taxes are so high or why they cannot apply for welfare programs.

Give me a break.

Republicans State lawmakers are vowing against this citing that people cannot afford any higher taxes. Seems quite obvious that Governor Brown is already failing to address the two critical issues that have destroyed this State for many years: The cost of illegal immigration and pension funds and salaries to state employees.

But probably the most hilarious comment that came after Governor Brown announced his plan was from Democratic Senate President Pro-Tem Darrell Steinberg, who is quoted as saying in the Los Angeles Times: "I hate the cuts, but I'm not going to reject the cuts."

This is the same Senator Steinberg that opposed Governor Schwarzenegger's similar budget reductions last year, yet all of a sudden, he is now for them?

Wednesday, December 15, 2010

California's budget crisis much worse... says Jerry Brown

Don't you love it when you run for public office and you campaign on "reforms" and manipulate everyone into thinking that's what you're going to do...? Well, Arnold Schwarzenegger did, and nothing was reformed...

What about re-running for the public office that you held some twenty five years before, and campaign on "living within our means"... well Jerry Brown did, and it looks like "living within our means" might become "live in total poverty" soon enough.

It turns out that California Governor-elect Jerry Brown came clean yesterday, adding: "We've been living in fantasy land, it is much worse than I thought. I'm shocked..."

Oh my, I'm so shocked too!


But don't worry Governor Brown, the California Legislative Analyst Office said that the State will not go bankrupt and the Government will not collapse.

Yeah right.

You would think that something like this would at least force people to wake up to the grim reality that California is in. In a more common comparison, California's deepening financial crisis is of the magnitude that Greece is currently going through.

Last year, Governor Schwarzenegger and the State Legislature made significant cutbacks to State programs, yet, it still faced a $20 billion budget gap, which in turn just last month, actually amounted to $25 billion because the Legislature under estimated some of those cuts. Of course that does not include the $200 billion California has in loans and other debts.

Business Insider had an interesting look at some of the other ridiculous spending in Sacramento that has gone on over the last several years:

- In the past 23 years, California has established 23 prisons (one per year) each costing roughly $100 million a year to operate; yet it only established one University, being UC Merced.

- To prove that we spend more money on illegal aliens, than we spend on improving our educational system, 23,000 teachers received pink slips in the last year, yet we spend $859 million a year on imprisoning illegal aliens.

- Seven of the most unemployed cities in the United States, are right in California.

- $500 million is spent each year on fire control

The situation is incredible. Now California is already having to rely on the Federal Government for some kind of bailout. Last month, Sacramento announced it would receive $40 million a day from Washington just to cover its unemployment benefits. 

Already, Governor Brown says California's deficit could rise to $28 billion over the next year and a half, and face $20 billion in State deficits through fiscal year 2015-2016. He and the State Treasurer are looking into cutting spending by 25% across the board, and even potential problems in California raising over $3 billion in costs associated to meet the mandates in President Obama's Health Care Bill. At the same time, he is exploring the option of raising taxes into his first year, which is the last thing he should even think about. That would rise the unemployment levels in California and perhaps force people into the brink of poverty. 

It is clear that the California State Legislature is the problem. They bow down to the unions and want spending for all their radical programs and other things that this State simply cannot afford any more. I'm sure that nearly 95% of them probably don't even read any of the bills they implement in Sacramento, and of course, they're supposed to be the ones that approve the budget each year, and probably that same 95% don't even have a clear conscious as to what they're doing.

The central spending problem in California is obvious: The cost of illegal immigration and funding to pension plans and benefits. Reform those two issues, and California's crisis can be reduced.

Whether or not Jerry Brown will actually see the writing on the wall and realize that this has to stop, is still unclear.

Thursday, November 11, 2010

California is going to get ugly real fast… Part II


As many people already know, California has been experiencing severe financial problems for several years, and they continue to escalate. In the past year, California has struggled to find ways to solve the $20 billion deficit.

Now there is more grim news on the horizon. Seven days after the election in which the same ignorant voters in this State decided to re-elect the same morons responsible for destroying the economy of California and choosing not to vote for the propositions which may have helped prevent further damage financially, the California Legislative Analyst Office (LAO), announced that there will most likely be another $19 billion gap between revenues and spending in the State in the coming fiscal year.

Based on their non-partisan analysis, the LAO indicates that $6 billion will result in a shortfall in the $86 billion general fund spending plan that was signed by Governor Schwarzenegger on October 8th. So what was already a $20 billion budget deficit has actually grown to the tune of $25.4 billion. In addition, $400 million in Medi-Cal savings is more than likely not going to happen because the California Legislature took too long to implement the plan and the savings ended up being too high than what was projected.

I’m sure incoming/returning Governor Jerry Brown is going to love to have to deal with this crisis when he takes the helm in January.

Mac Taylor, a legislative analyst with the LAO, says that California will most likely have to face budgets problems of $20 billion each year from now, all the way through fiscal year, 2015-16.

Incredibly, the LAO report believes that California “will not go bankrupt, and that debt payments will not go into default and the State government is not on the verge of collapse.”

Where have these clowns been in the course of the last several years? Do they (the Legislature and the LAO) not fully comprehend the seriousness of this matter? Do they not realize that there needs to be emergency cuts to severe problems in California like government worker programs, union and pension fund plans and the cost of illegal immigration, which are all major factors to California’s financial woes?

The officials in the California State Legislature have been beyond reckless with policies on spending, completely lazy when it comes to focusing on solutions, and it has gone far beyond the point to where the entire State has been unable to remain as a place to carry out its business, as they continue to leave in droves, and now, the State is having to borrow $40 million a day in payments, just to cover its 12.4% unemployment.

But this joke of a LAO report sincerely believes that everything is going to be fine, we’re not going to become bankrupt, despite the fact that the deficit has grown to $6 billion because the solutions to try and close those gaps will simply not pan out.

The truth of the matter is that Governor Schwarzenegger and the Democratic Controlled State Legislature has had ample opportunities over the last several years to enact measures and address the State’s problems to help cut spending, and save tax payer money. They all vowed not to do so, and continued to support the programs that have since destroyed the State, and then they all stand around and wonder why the State is suffering horribly. It is hypocritical, and it is disgusting.

Once Governor Brown takes over in January and the new Assembly resumes, it will probably be the same business as usual. Ignore all the real problems and threats to California and come to the tax payers to bail out the problems that will be forthcoming. One of the problems in this State are the ignorant hypocritical voters that always whine and complain about how serious the situation really is here in California, but yet they continue to vote for the same idiots that have committed themselves to destroy it. Incredible and insane!

California should be added to the Guinness Book of World Records for having the largest population of hypocrites!