Archive for budget
The State of the Union is Broke
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The federal debt now equals 100% of GDP. It’s been 1000 days since the Senate last passed a budget. The president never mentioned Obamacare, or the Keystone Pipeline. I want my Mitch Daniels!
Man Boob
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Swinger Newt brought the crowd to its feet by trashing the government culture of dependency.
Spend Like No Tomorrow
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Obama obliged Congress’s desire for extended vacation by delaying his request for an extended debt ceiling.
Looting the Lockbox
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Republicans are said to have run up a blind alley since Boehner rejected the Senate version of the payroll tax cut. McConnell is still pushing hard for a 2 month extension of the cuts. After that, they can fight it out again – if Social Security isn’t broke yet. Where’s that lockbox?
Update: House Republicans cave.
Lockbox sighting?
Super Savers
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Democrats on the Super Committee want to use savings from the Iraq War to fund new stimulus. This idea came from this Mark Steyn column.
Private Sector Doing Just Fine Until the Rape and Murder Begins
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Unable to push Obama’s jobs bill though the Senate, Democrats shoved it through the chipper instead and hope to pass it piece by piece. Wednesday’s piece was money for the public sector. Harry Reid said this is important because “the private sector is doing just fine“. Joe Biden deflected heat from Harry’s howler by threatening murder and rape if we don’t pass this piece of… legislation right away.
Here are some job numbers since Dec 2007 from IBD: private sector – 5.4%, public sector at all levels – 1.75%, public sector federal level +2.29%. Also, Bloomberg reports the average federal salary in Washington, DC is $126,000.
Odd Job
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On the other hand, Obama’s dead jobs bill may have been dreamed up as a club to use on the Republicans who were bound to kill it.
FEMA Relief
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For those keeping score, FEMA seems to have enough money to tide it over until Friday, which is the end of the fiscal year, and thereby avoid a government shutdown.
More Savings
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Among the savings on offer, is a jillion dollars by not fighting wars in Iraq and Afghanistan. A few weeks ago a NASA scientist speculated that we could be attacked by aliens upset about global warming – really. So far, it hasn’t happened. More savings for you.