This'n'That; November Twenty-First #1; Fiscal Crap

Boehner Should Check History For Trends
    Speaker John Boehner is definitely "up to his ass in alligators" with this obamacRATic on-going spending spree "Clown Prince" obama is pushing.  He is not the only one to face this kind of lunacy!  Remember Vice-President George H.W. Bush during the 1988 republicRATic primary and his nomination acceptance speech, saying "....read my lips, no new taxes."  President Bush (41) later--under tremendous pressure from democRATics in the Congress--was forced to raise taxes without commensurate, PROMISED spending cuts.
    Let's look at the history--that Speaker Boehner probably won't see--behind the various presidents' tax policies.  Said history only goes from Lyndon Johnson, forward through the first-term of Bush-43. 
Table #1--'Change in real spending for each presidential term:'


Table #2--'Number of departments' and agencies' budget cuts:'


Table #3--'Changes in real spending, selected departments' and agencies,' by presidential term:'

ALSO: See notes at bottom of each chart at referenced URL

    During their first, second, or only presidential terms, all presidents back to--and including--Lyndon Johnson raised the total monetary outlays.  Four presidents--Johnson, Carter, Reagan 1, Bush-43--increased total outlays by double-digits!  The smallest increases in total outlays were by Clinton 1 (+4.2%); Nixon (+5.3%); Reagan 2 (+7.4%); Bush-41 (+7.8%) and Clinton 2 (+8.2%). 
    During three presidential terms, several departments and/or agencies had significant reductions in outlays: Reagan 1: 8 of 15; Clinton 1: 9 of 15; Reagan 2: 10 of 15!  The remaining presidential terms' reductions were between zero and five departments/ agencies.
    We're considering nine presidential terms and fifteen selected departments and agencies, for a total of 135 opportunities to raise or lower real spending levels.  Over all, this range only produced 30.3% of the departments/agencies being reduced (41 of 135 opportunities, covering 36 years). 

• Only HHS has never suffered a reduction;
• Only HUD, Justice and State-one reduction;
• Only Education and Transportation-two reductions;
• Only Agriculture, Defense and Veterans Affairs-three reductions.

    In conclusion, one party is no better or worse than the other in taxing-the-crap out'ta taxpayer; both parties are addicted to spending more money than they earn.  While President Bush-43's second-term statistics are not available, one can only assume he didn't improve--from the taxpayers' perspective--on his first-term numbers.  No chart(s) is necessary to determine that "Clown Prince" obama has pissed-away more tax revenues and borrowed funds than all presidents in U.S. history, COMBINED!!
    If I were Speaker Boehner's fiscal/economic advisor, I would seriously caution the Speaker to take any obamacRATic revenue generation/spending cut pronouncements with "several tons of salt!"  I would counsel Speaker Boehner to insist on--with appropriate legislation signed-into-law--several spending changes before any discussion of "revenue inhancement."  Those would be:

• NO debt-ceiling increases through 2025;
• Change to Zero Based budgeting; eliminate the federal use of Baseline budgeting; 
• Continue the current obama federal income tax rates (formerly, the Bush tax rates) for all taxpayers for 5 years;
• Agree--again, with appropriate legislation signed-into-law--to a formula of spending cuts versus revenue 'inhancements,' in the area of $1 in revenue for each $8 in spending reductions.
• ANY budget enhancements; bailouts; "Barack'a Claus"-style payouts to the 'taker-class' must be paid for by cuts in any other budgetary area EXCEPT DEFENSE;
• Agree--again, with appropriate legislation signed-into-law--to a CUMULATIVE 2% in annual reductions to foodstamp and welfare funding through 2016.

After--and ONLY AFTER--each of these demands is signed into law, start "revenue inhancements" talks.
Your thoughts?
Til Nex'Time....

"Clown Prince" Weekly Blather; February 4th

A Patriotic Response To The "Clown Prince;" 02/04/2012

barackingham Palace,
District of Corruption
February 4, 2012
    Over the last couple of weeks, I’ve been traveling around the country and talking with folks about my blueprint for an economy built to last. It’s a blueprint that focuses on restoring the things we’ve always done best. Our strengths. American manufacturing. American energy. The skills and education of American workers.  And most importantly, American values like fairness and responsibility.  We know what happened when we strayed from those values over the past decade – especially when it comes to our housing market.  Lenders sold loans to families who couldn’t afford them. Banks packaged those mortgages up and traded them for phony profits. It drove up prices and created an unsustainable bubble that burst – and left millions of families who did everything right in a world of hurt.  It was wrong. The housing crisis has been the single biggest drag on our recovery from the recession. It has kept millions of families in debt and unable to spend, and it has left hundreds of thousands of construction workers out of a job.  But there’s something even more important at stake. I’ve been saying this is a make-or-break moment for the middle class. And the housing crisis struck right at the heart of what it means to be middle-class in this country: owning a home. Raising our kids. Building our dreams.  Right now, there are more than 10 million homeowners in this country who, because of a decline in home prices that is no fault of their own, owe more on their mortgages than their homes are worth. Now, it is wrong for anyone to suggest that the only option for struggling, responsible homeowners is to sit and wait for the housing market to hit bottom. I don’t accept that. None of us should. 
[What I'm not telling you:  Most of those lenders who sold loans to families that couldn't afford them, were the recipients  of extreme pressure from Freddie Mac, Fannie Mae, the Department of Housing and Urban Destruction as well as regime members and those Members of Congress with the most to gain with the placement of as many mortgages as possible!!   All this pressure afforded said lending institutions very little in the way of profits;  those most needed to satisfy their fiduciary responsibilities toward stock- and bondholders.  Basic logic explains the reasoning behind the bundling of toxic mortgages:  It gives the lender a method of getting out-from-under those loans they'd never collect on.  The mortgage bundling put the onus of collection on those greedy owe-bamacRATics in the private sector looking for double-digit payoffs as they continued the sales on down the line!!  These toxic sales continued until said owe-bamacRATics found no greedier 'guppies' further down the 'food-chain!'  As the citizen should be aware, there's not an owe-bamacRATic--including myself--that will EVER take the blame; EVER take a loss if the federal government, the federal congress can be cajoled into taking financial responsibility.
    One of my few NEAR-truisms of the week: 
'The housing crisis has been the single biggest drag on our recovery from the recession.'
To start with, this 'recovery' is probably the thinnest in recorded economic history; at least since the FDR-era, federally protracted recovery.  The housing crisis has been a drag on any hoped-for recovery, primarily because of federal meddling with market forces; bailouts, TARPs, HARPs, et al.  A far better solution for the entire economic kerfuffle is to let the logic of market forces act in the ways they should.  Rather than buying auto companies--and then giving 37% of the federal ownership to the union hierarchy--they should have been left to the consequences of said market forces: bankruptcy!  "Bankruptcy" is not a four-letter word!!   Bankruptcy serves a very useful purpose in basic economics; it allows for the subject company to restructure liabilities into re-payable expenses in a timely manner; it allows the boards-of-directors to weed out ineffective board members as well as ineffective members of management at all levels; it allows the boards to re-write an outdated, unmanageable business plan.  Housing foreclosures allow the same changes on a personal, family level.  
    Now IS THE TIME to allow market forces to take their toll, such as it may be.  Now IS THE TIME to reinstitute that basic American value:  personal responsibility.  The foreclosure issue and it's seemingly devistating effects IS--at least partially--the responsibility of the individual homeowner.  Many are those underwater homeowners who bought--against all human logic--during the housing bubble of seemingly ever-rising home prices.... They Couldn't Lose!!!  Ah, but they did as a result of their personal greed-there'd always be another greedy fool to sell their home to!   At some point along the line, there's a last fool.  Those who've been caught as that 'last fool' are now looking to the federal government to bail them out much like the aforementioned auto industry.  This should not be the theme of the day:  Bailouts for Votes!!]
    That’s why we launched a plan a couple years ago that’s helped nearly one million responsible homeowners refinance their mortgages and save an average of $300 on their payments each month. Now, I’ll be the first to admit it didn’t help as many folks as we’d hoped. But that doesn’t mean we shouldn’t keep trying.  That’s why I’m sending Congress a plan that will give every responsible homeowner the chance to save about $3,000 a year on their mortgages by refinancing at historically low rates. No more red tape. No more endless forms. And a small fee on the largest financial institutions will make sure it doesn’t add a dime to the deficit.  I want to be clear: this plan will not help folks who bought a house they couldn’t afford and then walked away from it. It won’t help folks who bought multiple houses just to turn around and sell them.  What this plan will do is help millions of responsible homeowners who make their payments every month, but who, until now, couldn’t refinance because their home values kept dropping or they got wrapped up in too much red tape.  But here’s the catch. In order to lower mortgage payments for millions of Americans, we need Congress to act. They’re the ones who have to pass this plan. And as anyone who has followed the news in the last six months can tell you, getting Congress to do anything these days is not an easy job.  That’s why I’m going to keep up the pressure on Congress to do the right thing. But I also need your help. I need your voice. I need everyone who agrees with this plan to get on the phone, send an email, tweet, pay a visit, and remind your representatives in Washington who they work for. Tell them to pass this plan. Tell them to help more families keep their homes, and more neighborhoods stay vibrant and whole.  The truth is, it will take time for our housing market to recover. It will take time for our economy to fully bounce back. But there are steps we can take, right now, to move this country forward. That’s what I promise to do as your President, and I hope Members of Congress will join me.
[What I'm not telling you:   This latest proposal from my regime is nothing more than the 2009 $300 checks the regime issued as individual payments to those who chose to breathe the air!  A regime-scheme to entice more voters into the owe-bamacRATic fold; to sway their choices as to who's the most helpful to their individual situation.  It started in Detroit--as reported by WJR newsman Ken Rogulski--as "owe-bama money!"  The various--mostly miscreant--recipients had no idea the original source of the money.... only that it came from me, from the gracious hand of "Clown Prince" owe-bama!!  The federal government, me-the "Clown Prince" of Amerika, cannot give away, spend, allocate the first 'red-cent' until and unless we--the federal tax system--first confiscate it from a working individual or investor!!
    Congress' passing legislation IS NOT the answer!!  Congress in session is the LAST THING the American taxpayer wants or will benefit from!!  If they're in their home districts; their home states woo-ing the constituents, they're not in the District of Corruption, dipping their hands further-and-further into the private; the taxpayer's figurative 'pants-pocket!!'  More Congressional 'help' will only serve to put the American Citizen; the American Taxpayer further in distress with respect to paying off the national debt.
    The American economy--the free-market system--will only continue to suffer with added tinkering.  To improve the current climate, conservative principles are needed, rather than those socio-fascist, marxist principles exercised during my regime.  They clearly--with incontrovertible evidence--have not worked!!   What will work are tax cuts; cuts deep and permanent!  As the President Bush-43 tax cuts--and the "Ronaldus-Magnus" tax cuts before him--have proven:  with said DEEP tax cuts, more monies flow into the treasury than without them.]

This'n'That; December Twenty-Second #1; owe-bamanomics 101

owe-bama Pushes Fraud On Two Fronts!
    Not only is "Clown Prince ZERO-bama, the Narcissist" continuing to lie about the "payroll tax cut," he's lying by omission in that he's not said a word about how the "payroll tax cut" is being "paid for!"  Although he thinks he could be the third or fourth best president in history, obama is the greatest lyin' son'uva'bitch that's ever held the office!!

    Firstly, the lyin' son'uva'bitch that is obama, has consistantly called his action: the "payroll tax cut;" while it will continue the additional $19.20 in the average weekly paycheck, it's actually a method the "Clown Prince" is using to continue to bankrupt the Social Security System!!  If the extension were to be for a full year, the cost to the Social Security System will be approximately $500 Billion!!

    Secondly, a two-month extension of ANY piece of tax legislation is idiotic on it's face!!  This period of the business-year, the accounting staff are performing their year-end-magic; reconciliations galore, plus all the federal, state and local tax mandates the businesses have to meet by year's end!!
    Thirdly, the owe-bamacRATics are using total-year numbers to sway those of the serf class into their camp.  Actually, the two month extension involves $153.60 for the average wage-earner, not the $1,000, owe-bamacRATics would have you believe!  Remember if an owe-bamacRATic's lips are moving.... HE OR SHE IS LYING!!!

    Fourthly, rather than any cuts in spending--Heaven Forbid!!--to 'pay for' this asinine continuation of the Social Security bankruptcy, the Senate owe-bamacRATics want a $15 PER MONTH increase in fees for those mortgages which go through the corrupt, bankrupt government agencies; Fannie, Freddie and FHA.  The increase will amount to $180 per year--EVERY YEAR--on each $200,000 increment of a mortgage!!

    Fifthly, C. Ellis Schumer--the Putz of Park Avenue--had to weigh in; had to have some face-time; some 'ink!'  He has to vilify anyone in the republicRAT controlled House; this time it is Speaker John Boehner. "The Putz" had this to say about Speaker Boehner:

"He's afraid of the eighty Tea Party, way-out-there people in his caucus.  He's letting them run the caucus, run his House."

         Were C. Ellis--"The Putz," himself--anything other than of the Jewish faith, he'd be afraid of the "Tea Party" as well.  His voter-base is much like that of "Clown Prince ZERO-bama, the Narcissist;" those evil rich people the owe-bamacRATics vilify at every turn!  He listens to them FIRST, the rest of the state-LAST!!
'Splain to me again, why YOU elected "Clown Prince ZERO-bama, the Narcissist?!?"
Til Nex'Time....
[Illustrations from http://www.fredstates.com/]

This'n'That; January 13th [giveaway;citibank;RenSq;socialism]

More Vote Bailouts [as opposed to Voter] Wait 'til the particulars come to light; Betcha this round of stimulus spending will do nothing more than assure the union membership votes democrat!! WASHINGTON (AFP) — President-elect Barack Obama vowed changes to a much-criticized 700-billion-dollar bank bailout program as Democratic leaders demanded stricter conditions before more funds are freed up. Angry Democrats argue that banks have pocketed the money without offering customers new credit, or have reduced competition by snapping up other banks, or have extended lavish bonuses to senior executives. Obama said the second TARP instalment should focus on helping families at risk of losing their homes and small businesses trapped in the credit squeeze. "And I think that we can regain the confidence of both Congress and the American people [I sincerely doubt that's possible!!] that this is not just money that is being given to banks without any strings attached and nobody knows what happens, but rather that it is targeted very specifically at getting credit flowing again to businesses and families," he said. Wholesale changes are expected in terms of how the Obama administration will spend the money, with a view to making the process more transparent and better targeted, Democratic senators said. "The Obama administration wants to rebrand this exercise. They realize it's been terribly mismanaged," said Christopher Dodd [ the same crook that got a "sweetheart" deal from Countrywide Mortgage], chairman of the Senate banking committee. The senators meanwhile welcomed assurances from Summers about the planned 775-billion-dollar stimulus package, which Obama said Saturday would save or create four million jobs [anybody got any idea how a "saved job" is measured? This is just more "fluff" ] and prevent a years-long recession. Democrats want Obama to keep his focus on an infrastructure spending spree [spree: Carefree, fun spending-arguably, the most accurate word in the treatise!!] and to raise the stimulus money intended for renewable energy tax breaks and unemployment insurance. However, Republicans made clear they would oppose any move to reduce the role of family and corporate tax cuts, which Obama has said will comprise 40 percent of the total package. Grumbling about its impact on the US budget deficit, which congressional watchdogs say will top one trillion dollars this year, House of Representatives minority leader John Boehner said the entire package should be rethought. "Why couldn't we tax less and spend less as we put this package together?[Because both the government and legislators' power wouldn't grow!!]" he said on CBS television's "Face the Nation." But on CNN, House Speaker Nancy Pelosi said the package "might" exceed 775 billion dollars, and called for a repeal of tax cuts for high earners [the Pelosidiot hasn't read Econ-101; tax cuts at all levels stimulate private spending hence the economy grows!! Tax cuts work everytime they're tried!!] pushed through by Bush and the Republicans, to help offset its deficit impact [Pelosidiot: repealing tax cuts will only have a negative impact with reduced confiscations to the Treasury!!]. Democratic Senator Charles Schumer said the stimulus bill could be ready for Obama's signature by February 13, and the president-elect promised to work closely with Congress in the days ahead. "We're not trying to jam anything down people's throats [what a load of bovine-feces!!]," Obama told ABC. But he stressed that "the sooner a recovery and reinvestment package is in place, the sooner we can start turning the economy around [more likely to drive the economy further into recession or depression!!]." Shouldn't We Get Our Share? The latest news is that Citigroup is considering selling a 51% stake in their brokerage house-Smith Barney. Citigroup was the beneficiary of some $20Billion in first-round giveaway money, not to mention a $300Billion guarantee of Citigroup's "troubled assets." "Morgan Stanley is likely to pay Citigroup between $2 billion and $3 billion for a 51 percent stake in the brokerage Smith Barney, a person close to the negotiations said Saturday. Morgan Stanley would then have the option to buy the rest of Smith Barney over the next three to five years, the person said. The person spoke on condition of anonymity because he was not authorized to speak about the ongoing talks." Wouldn'cha think that cuz the taxpayer gave 'em a fairly large pile'a money that the taxpayer should have "first dibs" on any unearned income they have? Besides, the taxpayer is still "on-the-hook" for most'a those unethical mortgages Citi- and other shady institutions, has written. Finally, Someone Who's At Least Read Economics101 Neil Bauman, a Webster [NY] developer, announced today a $50 million plan to develop a portion of Renaissance Square into three residential buildings with retail space on their ground floors in place of the proposed performing arts center. Bauman, who owns the northwest square of 224-226 E. Main St. and One N. Clinton Ave., stressed that the funding for the residential buildings would be entirely private. He said he is growing impatient with the county’s plan for Renaissance Square. He said that if the county had the full funding for the performing arts center, he would not be putting forth a counterproposal. The Renaissance Square project also includes a bus terminal and a Monroe Community College campus center.The theater requires $55 million in funding, yet to be raised, before it can be built. The entire project is slated to cost $230 million.Mike Power, a spokesman for Renaissance Square, said the Ren Square project has $175 million in federal and state funds for the three-pronged project of a new campus, a performing arts center and a new downtown transit center. That figure includes $28 million for the theater, which would cost $55 million.To close the gap, project officials have asked the state for another $30 million. The project could also draw federal stimulus dollars, if the spending bill is written with projects such as Ren Square in mind, said Power.Power said the performing arts center is of vital importance to Ren Square, which will initially create 3,000 jobs."I don't think anybody wants to see a theater left out of the project," said Power. Be Careful What You Wish For....... obama Chief of Staff Rahm Emanuel said on November 21,2008, "You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before." One had better remember that Emanuel was one of "Slick Willie's" henchmen.... putting out as many fires as he could before they saw the light of day. What was "Slick's" [and "Rob'em" as well] primary unspoken goal...? As many and as big steps toward "one-world-government" as possible without the public noticing the change. For those who believed all the recent campaign "fluff," ya gotta be asking yourself if the guy has ever had an original thought..... he's great reading from a teleprompter, as one can tell. When you hear all the "ah's" and "er's," there's no teleprompter in front of him; there's no one whispering in his ear; the questioner is "off-script!!" How 'bout looking at his associations? Practically everyone he's had any substantive dealings with is an ultra-liberal, i.e., Bill Ayers, Bernardine Dohrn, Jeremiah Wright, Louie Farrakhan and the full-time crook, part-time fraud, Tony Rezko. It's a bit too early to tell if he's a one-world-government promoter or not, but it'll only take a slight swerve to the left for the country to go from liberalism to socialism!! Til Nex'Time......

This'n'That; Oct 13th

It Ain't A "Tax Cut!!!" All the politicians, both parties, aren't really giving the American people a tax cut!!! All they're doing is re-assigning the source of the government income: For instance if the politician promises a $10 Billion tax cut for a particular segment of the population, they will just increase taxes on another segment/area; increase federal fees, etc. The only way there can be a true tax cut is to have a corresponding and EQUAL cut in federal spending.... i.e., in defense, education, housing, commerce, medical/medicines, etc. All of which are SACRED COWS!!!! and thus "untouchable" by those hoping for re-election. You notice that NONE OF THE CAMPAIGNING POLITICIANS ever mentions any cuts in federal spending. They just want to increase the size of government as a method of "buying" votes via their lofty financial promises, hopefully enough to get elected. Once elected most of their schemes and bullshit will fall by the wayside.... They got what they wanted.... TO HELL with the commoner that fell for all the "fluff" that put them in office!!! The Bail-out Scheme: After the congress wrote the blank check to the Treasury Department, who's watching the purse strings? We know who "HOLDS" the purse strings-Henry Paulson, Secretary of the Treasury..... .....BUT....... Who's "watching" the purse strings?? Who is auditing the expenditures, determining who/what is worthy of all this "free money??" Bail-Out Basics: $810 Billion [the added pork notwithstanding] into the hands of the Treasury Secretary, exclusively!! The Secretary has UNPRECENDENTED powers to draw on public entities with NO GROUND RULES, WHATSOEVER!!! The Secretary can waive "specific provisions" of our contracting laws, the Federal Acquisition Regulation [FAR] if he determines that "urgent and compelling circumstances make compliance with such 'provisions' contrary to the public interest." The Bail-Out Bill does not define "PROVISIONS." The Bail-Out Bill does not stipulate who will be charged with drafting and monitoring the contracts. The Secretary does not have to inform governmental watchdog agencies concerning bail-out activities. These agencies will have access to the information, but will only be able to report on the contracts after they have been issued and paid. So....... We'll know who's screwing us; how badly we're being screwed........... BUT only after WE'VE BEEN SCREWED!!! This is a "history rerun.... We've been here before!!! Anyone remember the S&L bailout of the late 1980s? The Resolution Trust Corporation was founded in 1989 to dispose of loans and other assets from the Savings and Loan debacle. With predictable results, the taxpayer "took it in the shorts" as we did during the aftermath of Hurricane Katrina. In both instances, a multitude of contracts were issued, seemingly to line someone's pockets. Although the participants are different, the end result will probably be the same. No one seems to study and learn from history. Til nextime.....