Tag Archives: Congressional Budget Office

Are You Out of Your Mind?

When one is totally out of touch with reality and the only thing they see is their own agenda and want to implement anarchy, this is what they will say, read the followings and  you too will scream: ARE YOU OUT OF YOUR MIND?

Obama: Job Losses Prove Stimulus Worked

Monday, July 11, 2011
By Fred Lucas

President Barack ObamaPresident Barack Obama speaks at a July 11, 2011, White House press conference. (AP photo/Pablo Martinez Monsivais)

(CNSNews.com) – Three days after the U.S. Department of Labor reported that the national unemployment rate had ticked up from 9.1 percent in May to 9.2 percent in June, President Barack Obama said that the loss of jobs in the public sector is “evidence” that his $830-billion economic stimulus legislation worked.

“Now, without relitigating the past, I’m absolutely convinced, and the vast majority of economists are convinced, that the steps we took in the Recovery Act saved millions of people their jobs or created a whole bunch of jobs,” Obama said at his Monday press conference.

“And part of the evidence of that is as you see what happens with the Recovery Act phasing out,” he said. “When I came into office and budgets were hemorrhaging at the state level, part of the Recovery Act was giving states help so they wouldn’t have to lay off teachers, police officers, firefighters. As we’ve seen that federal support for states diminish, you’ve seen the biggest job losses in the public sector–teachers, police officers, firefighters losing their jobs.”

President Obama signed the American Recovery and Reinvestment Act on Feb. 17 2009. His top economic adviser, Christina Romer, had reported that the act would prevent the national unemployment rate from reaching 8 percent. Initially, the Congressional Budget Office estimated the act would cost $787 billion. CBO now estimates it cost $830 billion.

Republicans Obeyed the Democrats And Rolled Over…

Is there anything more to say, but how easy it was for Democrats to make Republicans roll over?  

GOP Facing Tea Party Revolt

Thursday, 14 Apr 2011 12:21 PM

By David A. Patten

A stunning Congressional Budget Office report revealing that the so-called $38 billion in budget cuts made last week will only result in $352 million in savings this year has touched off a backlash from the conservative grass-roots base of the GOP that could make future bargains that much more difficult.

Several top tea party leaders are trying to ease the frustration, reminding the tea party faithful that Republicans only control the House of Representatives. But the antipathy on the right with how Washington does business is now palpable.

Even if congressional leaders are able to squeeze the continuing resolution through Congress on Thursday, the questionable insider dealing, combined with President Barack Obama’s partisan speech on entitlement reform on Wednesday, could make future compromises on the debt ceiling and the 2012 budget much harder to achieve, sources say.

Obama intimated the reforms proposed by Wisconsin GOP Rep. Paul Ryan were un-American. Ryan replied that Obama has become a “campaigner in chief.”

“I’m hearing a lot of anger and frustration frankly,” Memphis Tea Party founder and chairman Mark Skoda, who is also a conservative talk-radio host, tells Newsmax. “Yesterday on the radio I had a number of folks call in, primarily [saying] that [House Speaker John] Boehner needs to fire his staff, that the deal that was cut is a terrible deal. I don’t think people are throwing in the towel for Republicans … but they got rolled.”

Sal Russo, the founder of Tea Party Express, says movement conservatives are “profoundly disappointed” by the 2011 budget deal. He tells Newsmax the arrangement marks “another failure to address excessive federal government spending and our skyrocketing national debt.”

Tea Party Express Chairman Amy Kremer, similarly, tells Newsmax that the deal struck by House Republicans was an “embarrassment.”

“I am very disappointed and fed up with Washington’s politics as usual,” she adds, “The American people are smarter than Washington thinks, and we have lost patience with their shenanigans.

But Russo adds that it is time for the grass-roots to move past the 2011 budget that Democrats failed to pass, and to begin to focus on the much larger battles that lie ahead.

“The 2011 budget deal has become meaningless in the fight to curtail the increasing intrusiveness and cost of the federal government,” says Russo. “We hope this is a lesson to the Republican leaders to stand fast in opposing raising the debt ceiling, if the only plan from Democrats is to raise taxes and keep us on the spending merry-go-round.”

Skoda says most grass-roots conservatives that he’s spoken with would favor shutting down the government rather than approving the current resolution for federal funding expected to be voted on by both the House and the Senate Thursday.

But although Skoda says he would like to see the measure defeated, he doesn’t want to see recriminations and attacks against GOP members who vote in favor of it.

“I’m really antagonistic against anyone saying let’s primary these guys. Look, focus on winning the Senate and focus on winning the presidency. You’ve got the House, keep the House. Don’t eat your own! That’s the problem with the Republican Party, we keep eating our own. Stop the nonsense. This is pragmatic politics to some degree.

According to a whip-count analysis by TheHill.com, the continuing resolution is likely to pass. But the agreement will get plenty of “no” votes from both the left and the right, and could face trouble in the Senate.

The House Republicans who plan to vote against the compromise include such conservative stalwarts such as Rep. Michele Bachmann, the GOP presidential prospect from Minnesota; Rep. Steve King of Iowa; Rep. Ron Paul of Texas; Rep. Allen West of Florida; and Rep. Jim Jordan of Ohio.

Rep. Mike Pence of Indiana is also reportedly leaning toward a no vote.

Among Republicans expected to vote for the plan: Rep. Duncan Hunter of California; Rep. Kevin McCarthy of California; and Rep. Kristi Noem of South Dakota.

GOP leaders say they wanted deeper cuts, but were limited because Republicans only control the House. “We continue to push this president to places he never said he would go,” House GOP Whip Kevin McCarthy of California told The Associated Press.

The vote is expected to be much closer in the Senate, where 60 votes are required to stave off a filibuster.

GOP Florida Sen. Marco Rubio, appearing on Fox and Friends Thursday morning, expressed grave reservations about the proposal, saying it “takes us in the wrong direction.

The Hill reports that at least seven other senators have indicated they will oppose the compromise, including: Sen. Jim DeMint, R-S.C.; Sen. Ron Johnson, R-Wis.; Sen. Mike Lee, R. Utah; Sen. Rand Paul, R-Ky.; Sen. Jim Risch, R-Idaho; and Bernie Sanders, I-Vt.

The reason the deal only cuts $352 million in spending from the 2011 budget: It is offset by increases in defense spending. Also, many of the reductions made will fall in future years, the CBO said.

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Paul Rayn Answers Obama

When you hear people like Paul Rayn speak, you know there is still hope for the Republic. President Obama, the president of transparency and open government spoke today and really embarrassed himself and the nation. Throughout his speech not once he looked at camera. He looked either to the left or to the right. In addition, for the beginning of his speech to the end all he said was elect me, elect me. Not once he took responsibility for the mess that this country is in. Flat out he pass the ball to the future and yet another new commission. Didn’t even have the decency to at least name the darn thing,” Yet to be announce.” Yes he blamed the Republicans and the previous administration once more and gave a all-encompassing ideas to reduce the deficit. However, at what cost? It was so refreshing to hear Paul Rayn passionate rebottle. If you missed Rayne’s answer to Obama, well her it is!

Paul Ryan Blasts Obama Plan

Wednesday, 13 Apr 2011 08:48 PM

U.S. Representative Paul Ryan, the Wisconsin Republican who is chairman of the House Budget Committee, said President Barack Obama’s plan to reduce the federal deficit is “hopelessly inadequate” and may make it harder to reach bipartisan compromises on fiscal issues.

“What we heard was a partisan broadside from our campaigner in chief,” Ryan said at a news conference after Obama’s speech on the deficit today in Washington.

Ryan earlier this month proposed a budget that would reduce the deficit through spending cuts of $6 trillion over 10 years and phase out the traditional Medicare program for seniors. He said he was “naively optimistic” that Obama’s speech on reining in the deficit would give Republicans “a sincere olive branch to get things done.”

Ryan expressed disappointment at the president’s position on Social Security, saying he thought that was an area where the two parties could find some common ground.

“All we got is what he won’t do, not what he wants to do,” Ryan said.

In an interview just before Obama’s speech, Ryan held out hope that lawmakers may be able to find agreement on revamping Social Security’s long-term funding while casting doubt on the chances of a “grand bargain” on the federal deficit.

Singles, Doubles

“Everybody keeps asking if we can get some grand bargain, like it’s a grand slam — let’s just try to get some singles and doubles,” he said before Obama’s speech.

A bipartisan group of senators known as the Gang Of Six has been working on a broad plan to reduce the deficit.

“We just have such difference of opinions on health care,” Ryan said in the interview. “But on Social Security, from just listening to the various Democrats and Republicans around here, we’re not worlds apart.”

Obama mentioned Social Security in his speech, though he didn’t focus on restricting it. “While Social Security is not the cause of our deficit, it faces real long-term challenges in a country that is growing older,” he said.

“As I said in the State of the Union, both parties should work together now to strengthen Social Security for future generations,” the president said. “But we must do it without putting at risk current retirees, the most vulnerable, or people with disabilities; without slashing benefits for future generations.”

Although the Social Security program is spending more on benefits than it receives in revenue, its trust fund will not be exhausted until 2039, according to the Congressional Budget Office.

‘Poison the Well’

Ryan’s budget doesn’t propose cutting Social Security, though he said that was only to leave room for compromise. “We felt that if we put an actual plan in there, it would just be too tempting” for Democratic leaders “to go after us on, poison the well, make it harder to come together,” he said in the interview.

Ryan said Social Security is “not the big driver of our debt, but it would be symbolically huge to build confidence in the markets to fix one of the entitlements that are going bankrupt as a down payment on pointing us in the right direction.”

Asked if he believed Obama’s speech was in reaction to his budget plan, Ryan said: “Everybody says it is — I don’t know, the president can answer that question.”

He also said, “I do find the timing of him feeling the need to do a budget speech after we put our budget out probably more than a coincidence.”

Medicare Dispute

Ryan’s proposal for the Medicare program for seniors would replace it by providing those under the age of 55 with subsidies to buy private health insurance.

Obama and other Democrats have rejected that plan. In his speech, Obama said that under Ryan’s proposal, “instead of guaranteed health care, you will get a voucher. And if that voucher isn’t worth enough to buy the insurance that’s available in the open marketplace, well, tough luck — you’re on your own. Put simply, it ends Medicare as we know it.”

Obama today called for cutting the deficit by $4 trillion over the next dozen years through a combination of spending cuts and tax increases.

Ryan and other Republican leaders have rejected the tax increase proposal. “If we are going to resolve our differences and do something meaningful, raising taxes will not be part of that,” House Speaker John Boehner, an Ohio Republican, said today.

In the interview, Ryan said that a looming debt limit vote may be the only vehicle lawmakers have this year to make significant changes in the government’s long-term spending, which means that they wouldn’t have much time to hammer out an agreement. The Treasury Department predicts that the government will reach the legal cap on borrowing by May 16. After that, the government will have some accounting moves and other steps to avoid default into early July, Treasury Secretary Timothy Geithner has said.

© Copyright 2011 Bloomberg News. All rights reserved.

Pocket Change!

President Barack Obama's signature on the heal...
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Insider Report from Newsmax.com

Obamacare Will Cost States $118 Billion

The healthcare reform bill passed last year will cost states at least an additional $118.04 billion through 2023 due to their increased Medicaid costs, according to a new congressional report.

That’s nearly double the Congressional Budget Office‘s recent estimate of $60 billion through 2021.

“The enactment of the Patient Protection and Affordable Care Act in March 2010 was the largest expansion of [Medicaid] since its inception more than 45 years ago,” according to a statement from the House Energy and Commerce Committee and the Senate Finance Committee, which jointly produced the report.

“Half of those obtaining healthcare coverage under the new law will get it through Medicaid. The committee report provides a state-by-state analysis of the financial impact the new healthcare law will have on states and demonstrates the unsustainable fiscal burden this new law will foist upon taxpayers.”

The joint congressional report “is the first to provide a comprehensive overview of state government estimates regarding the cost of the Patient Protection and Affordable Care Act to state Medicaid programs,” the report states.

Sen. Orrin Hatch of Utah, the ranking Republican on the Senate Finance Committee, said: “Governors of both political parties were clear when Congress was debating the $2.6 trillion health law that they could not afford a massive expansion in Medicaid. Washington didn’t listen and plowed forward instead by putting 16 million Americans onto the Medicaid rolls to keep the federal price tag down.

“With this report, we see the true cost to states, who are already facing a collective $175 billion budget shortfall, of this unsustainable expansion.”

The report’s state-by-state breakdown shows that California will spend at least another $19.4 billion on Medicaid, and Texas will be forced to spend another $27 billion — more than the program’s entire annual budget today.

Obamacare will cost Florida taxpayers $12.9 billion through 2023. Louisiana will have to pay an additional $7 billion; New York, 2.8 billion; and Virginia, $2.2 billion.

Even a less populated state, Iowa, will have to take on 100,000 new Medicaid enrollees, and spend an added $250 million.