| Obama's Address 090811 | |
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| Tweet Topic Started: Sep 8 2011, 06:09 PM (3,447 Views) | |
| Baldo | Sep 11 2011, 10:45 PM Post #166 |
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Obama Jobs Plan - "Screw Future Generations" Friday morning the Schuykill Expressway was jammed again due to an overturned car at Belmont Avenue. My first thought was how anyone could turn their car over at the usual 25 mph speeds on the Schuykill Expressway. My second thought was that I was damned to having to take the route from 69th Street in Upper Darby down Chestnut Street (aka The 30 Blocks of Squalor) to work. I was still steamed by Obama’s $450 billion “JOBS” plan. His new plan was touted as an infrastructure plan when it is nothing but a “screw future generations” plan. Do these politicians have no shame?...snipped (Omitted here is a large interesting section with graphs which show Social Security is 17.5 Trillion underfunded) .....The Obama plan consists of $225 billion to screw future generations so we can spend today. It also includes $62 billion to pay people who aren’t employed for 99 more weeks, even though Federal Reserve studies have proven that extending unemployment keeps the unemployment rate 1% higher. Paying people for almost two years while they are not employed is somehow supposed to “create” jobs. Then we have the traditional $70 billion transfer from our Chinese lenders to Timmy Geithner and then into the pockets of state government union workers across the land. Obama needs those votes in 2012. Why should states be required to adapt their budgets to reality when their sugar daddy can keep supplying the candy? The last chunk of change in the Obama stimulus plan will be $100 billion for some more shovel ready infrastructure jobs. This line was used to snow the American public back in January 2009 when Obama’s $800 billion porkulus bill was rammed through with no Republican votes in the House and only two RINO votes in the Senate. I’m sure you’ve benefitted greatly from the first round of shovel ready jobs. I know the $300,000 funneled to my township to double the size of a parking lot at our local park, which will be utilized on possibly 3 days per year, created a huge boom as the multiplier effect promised by Keynesians revitalized our local economy. As I drove down Chestnut Street through West Philadelphia on Friday I observed the result of Obama’s previous infrastructure stimulus plan. Prior to Obama’s 2009 stimulus, Chestnut Street between 69th and 39th (30 Blocks of Squalor) was pocked with potholes and the sidewalks were crumbling, uneven and littered with trash. This entire stretch of highway was repaved with a thin layer of blacktop in the spring of 2010. Wheel chair ramps were built on every corner of these thirty blocks. Another example of government at its finest, as the Americans with Disabilities Act was only passed twenty years prior. The insanity of installing wheel chair ramps on every corner without repairing the lopsided, crumbling, trash strewn sidewalks leading to the wheel chair ramps is lost on the government drones. A little over one year since this fine example of Obama infrastructure spending I was able to make some revealing observations that can be applied to our country in general. I counted the number of holes that had been dug in the newly paved street as I slowly proceeded down this 30 Blocks of Squalor. I was able to do this because the City of Philadelphia government drones are incapable of properly timing the green lights to allow for a smooth flow of traffic. In the space of 30 blocks there were 20 holes that had been dug and refilled. It seems you can make a highway appear shiny and new by putting a thin veneer of blacktop on the surface but below the street you still have rotting water pipes and decaying sewer systems. This symbolizes the thin veneer of big government solutions for America’s deeply rooted fiscal problems. Short-term Keynesian ephemeral stimulus injections are chosen over long term structural fixes. The result is the true infrastructure of this country continues to deteriorate, spring leaks and rupture at the most inopportune times. The politicians will continue to try and give the appearance of fixing the structural problems in this country, while putting nothing but useless patches on broken systems and using hype and misinformation to sell their glossy veneer of deception as solutions. Obama has chosen to screw future generations in order to try and get re-elected in 2012. What a great American visionary leader he has proven to be. http://www.zerohedge.com/news/guest-post-obama-jobs-plan-screw-future-generations "I will gladly spend borrowed money today to win my reelection. just send the bill to future generations!" Edited by Baldo, Sep 11 2011, 10:49 PM.
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| kbp | Sep 12 2011, 01:01 PM Post #167 |
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Debbie Wasserman Schultz: It's 'Baloney' to Say Stimulus Didn't Work On the video there, Wasserman notes how to pay for the Son of Stimulus. It’s all worth watching (<5 minutes), but the best part starts at about 3:45. The previous discussion on how to pay for it has the question asked of how, in addition to the desired tax increases already mentioned, she thought we could pay for it, to which a good portion of her answer was; ”…closing corporate loopholes and making sure businesses aren’t incentivized to ship jobs overseas, bringing those jobs back to this country…” Sometimes I wonder if people actually listen to what is said by the political movers & shakers. Skipping the “loopholes”, of which many are a problem, her entire means of avoiding the ‘pay later’ problems was limited to raise taxes NOW. Who would think that raising taxes is an incentive to bring jobs back here? A thought of my own... In addition to everybody in the media ignoring that Obama stopping the CO2 regulations was an admission to the damage his regulations do to our economy, I'm just lost why they also ignore the claims to jobs created by Stimulus. The claim for the number of jobs created varies from 1.9 to 3.6 million. Even if we use either number as being accurate, the cost is a negative on our economy. At the minimum, the $787 billion created jobs costing between $200,000-$400,000+ each. It would be cheaper to pay them full salary to stay home. |
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| Baldo | Sep 12 2011, 01:22 PM Post #168 |
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closing corporate loopholes and making sure businesses aren’t incentivized to ship jobs overseas, bringing those jobs back to this country…” How do you reconcile that statement? If you close corporate loopholes you make it more expensive for a corporation to do business here. How do corporate loopholes incentivized exporting jobs over seas? No doubt we need a simpler tax code but loopholes are actual insertions or omissions into the tax code for intended purposes. They are placed there by Congress. IMHO we would better if our Govt got out of the business of tinkering with the economy. In fact a moratorium on Congress might be a good idea! |
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| kbp | Sep 12 2011, 02:38 PM Post #169 |
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Faced with a deficit >30% of the coming years budget, the BRILLIANT plan is to raise taxes that will pay for a larger deficit - more spending. Of course to pay for it, we'll have to collect those taxes over a 10 year period from 2012 thru 2022. If re-elected, should we anticipate the Grandson of Stimulus to be paid for (paygo) the following 10 years, 2022-2032, or with another 10 year tax? Somewhere in that formula I'm sensing the WH staff had to edit out "deficit" and "debt" a few times! |
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| Baldo | Sep 12 2011, 02:40 PM Post #170 |
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They are using logarithmic taxes based on time. Taxing the future. Swell that is a sure winner for financial disaster! |
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| kbp | Sep 12 2011, 03:06 PM Post #171 |
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Same thing, different view...
3 of 4 are pretty much loopholes. I'm all for closing them and the balance of loopholes, but they should use that method to reduce corporate taxes. I'd consider this as just another step towards raising taxes, not an incentive to keep businesses we have and even more of a problem to get any back into our country. Anticipating this plan doesn't really have a chance of passing, Obama is painting himself into a corner on how he stands for keeping companies here. |
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| kbp | Sep 12 2011, 03:32 PM Post #172 |
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There's that nasty word - DEFICIT. Still trying to figure out how spending today what you pay for tomorrow, actually for TEN YEARS, is not a DEFICIT???? Must be a new definition for it in that bill. ADD: He needs the Dem's in Congress to jump on the wagon with him ....while they think 'how can I keep my job in this next election'! Edited by kbp, Sep 12 2011, 03:34 PM.
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| kbp | Sep 12 2011, 03:51 PM Post #173 |
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We're back to at least one reporter classifying deductions as the governments money! |
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| Baldo | Sep 12 2011, 06:08 PM Post #174 |
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I think we all know this tax increase has zero chance in the House. The way the Republicans can counter it is to clearly explain that this does not pay for expenditures in 2012 but counts on increasing taxes over the next 10 years something this Congress can't control Personally I agree with a Tax code change, but the last thing we need is to raise taxes now. Besides it is not a revenue problem, it is an over spending problem. The point is we must change govt if we are going to improve the economy. The Problem is Government! Edited by Baldo, Sep 12 2011, 06:58 PM.
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| kbp | Sep 12 2011, 06:59 PM Post #175 |
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American Jobs Act aka; Son of Stimulus |
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| Baldo | Sep 12 2011, 11:51 PM Post #176 |
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Unbelievable! If the Job bill passes Obama would have to raise the debt again before the election Obama's Job Plan May Force US to Raise Debt Limit Again President Obama's goal of winning a big enough increase in the U.S. debt limit to get him through the November 2012 election could be thwarted by his own job-creation proposal, budget experts said Monday. The 447 billion in new spending Obama wants to juice up a weak U.S. economy would have to be spent quickly if it is to be effective. That would immediately pile onto annual budget deficits of over $1 trillion, even though the president has promised to pay for his program in full. The problem is that he proposes paying for it over a much longer period. It would be a decade before the Treasury Department would collect enough additional revenues to recoup the stimulus money being spent. "The irony of all this is that...they may have to confront it (raising the debt limit) again soon because the deficit might be a great deal higher than we were anticipating," said Robert Bixby, executive director of the Concord Coalition, a nonpartisan group pushing fiscal reforms. The irony Bixby referred to is this: During the bitter fight this summer over raising the U.S. debt ceiling, Obama held out for one major provision—enough of a debt limit increase, at least $2.1 trillion, to keep Treasury Department borrowing humming along until after the November 2012 elections. Currently, the federal government is borrowing an estimated $125 billion a month, or about $1.875 trillion between August, 2011 and November, 2012. But with signs that the U.S. economy is slowing from previous projections, some congressional aides already were privately worrying that the hard-fought debt limit increase would not be enough to see the country through to 2013. An additional $447 billion in spending could put borrowing over the top, budget specialists said....snipped http://www.cnbc.com/id/44494183 These guys are so over their heads! Edited by Baldo, Sep 12 2011, 11:51 PM.
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| kbp | Sep 13 2011, 01:22 AM Post #177 |
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Another problem is that many are uncertain the "committee" could reach an agreement before you add another half trillion. If that is a problem, the end result is Obama gets to dictate the spending cuts within the limits of the bill. That means he is the last to touch it before the spending cuts hit the headlines! |
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| kbp | Sep 13 2011, 11:19 AM Post #178 |
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Drudge...
The 'all or nothing' approach, better known as the predetermined failure to pass. Obama lacks a platform to campaign on, needs this to blame others for the new reason we're stuck in a hole ...the hypthetical solution that never was. A problem there is for all the Dem's in Congress facing their own campaign this coming year. Nothing prevents the House from picking parts of the Jobs Act to make a new bill for consideration ...evidently Obama approves of all the parts! Will the negotiations of the "committee" help them any? Can those Dem's convince the voters we need to spend our way out of that hole? |
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| Baldo | Sep 13 2011, 11:28 AM Post #179 |
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We are ready to reach across the isle and work on a non-partisan approach! Clearly this bill is just an campaign strategy where the Obama Administration knows it won't pass and is merely setting up a "Blame Republicans for terrible unemployment situation under his term!" "The Buck stops with the Tea Party" Pretty Pathetic when the President of the USA resorts to shifting blame. |
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| kbp | Sep 13 2011, 12:02 PM Post #180 |
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And that's important why??? ...never mind. |
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