You could be an Icelandic fisherman. Or you could set aside a moment to make a list of jobs that you are really glad that you don’t have to do. Or—you could be the guy out on the deck making the video!
Filed under: Economy, Progressivism, Taxes | Tags: Budget Deficits, Democrat Corruption, Projections for Future Years
President Obama has an unpleasant habit, left over from the campaign, of beginning every speech with a (don’t blame me) reference to the deficit he inherited or the worst crisis or something of the sort. Whatever it is, it’s not his fault.
The Bush administration spent too much. We agree. There was 9/11, Katrina and a War in Iraq, but President Bush didn’t veto some things he should have, and opted for some expensive programs. Congress spent too much. But, let’s face some facts.
For each year of Obama’s term, deficits are projected to be larger than in any year that Bush was in office.
Each color represents the difference between the projected deficits at different points in time. The purple bars represent the numbers as they were projected back in September 2008, the black and red bars represent the differences at other points in time. The orange bars represent the actual deficit numbers during President Clinton’s last year in office (fiscal 2001), and President Bush’s two terms.
President Obama promotes what he calls “a new ethic of responsibility.” The chart above is based on Congressional Budget Office (CBO) data. It shows a projection of deficit numbers for each year until fiscal year 2018.
Obama rightly notes that he inherited a large deficit in fiscal 2009, but he is responsible for growing the deficit beyond all expectations in 2009 and thereafter. The black bars represents the TARP spending, which Obama voted for in the Senate. The red part is all Obama’s.
Obama’s deficits are frightening. Every month that goes by adds to the deficit. His budget is astounding, and he keeps adding personnel,more Czars and more programs.The August 2009 projections contain no health care spending, assume that “temporary” stimulus spending will stop in 2011, and contain no expenses for cap-and-trade, the proposed new energy grid, the Midwest high-speed rail plan, or any of the other big changes he wants to bring to America.
The stimulus funds spent so far have been largely wasted, and subsequent stimulus is not expected to create jobs. The big investment in Government Motors is no longer expected to produce any pay-back for taxpayers.
Filed under: Democrat Corruption, Domestic Policy, Economy, Environment
The more one learns about stimulus funds, the more depressing it gets. The Stimulus Bill, we have learned, was designed by the Apollo Alliance, a far-left group that marries environmental radicals with labor union radicals. That, however, is no excuse.
The Senate last week was all set to award $2.6 million of stimulus money tor forest fire management to——the District of Columbia. Washington, D.C. is notably lacking in forests. This has to be a signature paragraph in the Big Golden Book of What Happens When You Do Not Read the Bills.
Senator John Barrasso of Wyoming, where they do have forests, filed an amendment to eliminate that funding and shift it to the U.S. Forest Service which is actually in the business of fighting forest fires.
In an interview Mr. Barrasso said he was “amazed” when he saw where the funding was going. “The last time Washington,D.C. faced a catastrophic fire is when the British burned down the White House in 1814.”
The National Interagency Fire Center says that more than 5.5 million acres of U.S. Wildlands have already burned this year.
The original plan was to give the money to a local D.C. non-profit called “Washington Parks & People”. What was the group going to spend the money on? “Planting trees and vegetables” and “green education projects.”
Only a small part of the stimulus funds have been spent, but among the projects are guardrails beside a dry lake, bridges that carry fewer than 10 cars a day, airports that have only occasional flights and other absolutely urgent projects.
Senator Barrasso added that “I’ve only been in Washington for a short time, but I’m continually shocked by how this town wastes money.”