Showing posts with label Federal deficit. Show all posts
Showing posts with label Federal deficit. Show all posts

Friday, September 28, 2012

T'was the night before elections

T'was the night before elections,
And all thru' the town,
Tempers were flaring
Emotions ran up and down.
I, in my bathrobe
With a cat in my lap,
Had shut off the TV,
tired of political crap.
When all of a sudden,
There arose such a noise,
I peered out my window,
Saw Obama and his boys
They had come for my wallet,
They wanted my pay
To hand out to others
Who had not worked a day!
He snatched up my money,
And quick as a wink,
Jumped back on his bandwagon
As I gagged from the stink.
He then rallied his henchmen
Who were pulling his cart.
I could tell they were out
To tear my country apart!
'On Fannie, on Freddie,
On Biden and Ayers!
On Acorn, on Pelosi'
He screamed at the pairs!
They took off for his cause,
And as they flew out of sight,
I heard him laugh at a nation
Who wouldn't stand up and fight!
So I leave you to think on this one final note...
IF YOU DON'T WANT SOCIALISM GET OUT AND VOTE !!!!

Thursday, September 27, 2012

Therefore, CBO has also prepared projections under an alternative fiscal scenario, which embodies the assumption that many policies that have recently been in effect will be continued


CBO has prepared—as it does under its routine procedures—baseline projections that incorporate the assumption that current laws generally remain in place; those projections are designed to serve as a benchmark that policymakers can use when considering possible changes to those laws. However, the outlook for the budget deficit, federal debt, and the economy are especially uncertain now because substantial changes to tax and spending policies are scheduled to take effect in January 2013.

Key aspects of our projections are illustrated in the figures above

What Policy Changes Are Scheduled to Take Effect in January 2013?

Among the policy changes that are due to occur in January under current law, the following will have the largest impact on the budget and the economy:
  • A host of significant provisions of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Public Law 111-312) are set to expire, including provisions that extended reductions in tax rates and expansions of tax credits and deductions originally enacted in 2001, 2003, or 2009. (Provisions designed to limit the reach of the alternative minimum tax, or AMT, expired on December 31, 2011.)
  • Sharp reductions in Medicare’s payment rates for physicians’ services are scheduled to take effect.
  • Automatic enforcement procedures established by the Budget Control Act of 2011 (P.L. 112-25) to restrain discretionary and mandatory spending are set to go into effect.
  • Extensions of emergency unemployment benefits and a reduction of 2 percentage points in the payroll tax for Social Security are scheduled to expire.
http://www.cbo.gov/publication/43539

More data from Twinsdad indicating that Obama has done nothing for this country except make golf course owners rich, opened a brewery in the White House and as lost complete control of the Middle East.

Protester outside of Romney rally explains how Obama gives all minorities free phones and that is why they should vote for him. Cleveland Ohio, September 26

http://www.youtube.com/watch?feature=player_embedded&v=tpAOwJvTOio

Top Comments

  • This is almost the perfect Romney campaign  ad.
  • It fucking aggrieves me that people this stupid are allowed the privilege of voting.

    Tuesday, September 18, 2012

    Shooting his mouth off is not hitting the target for Mitt Romney

    I ALMOST feel sorry for Mitt Romney---------he keeps being honest about his real feelings toward the rest of mankind ( and womankind).  He has utter contempt and derision for those who are not in the 1%, which by the way, he wants to vote for him. He even lamented he was not a Latino, which was a derisive and racial comment.  Who has he NOT offended?

    I mean, what's a working class, out of work, down and out, barely surviving Republican supposed to do?  Vote for Romney?  Vote for Obama , whom they cannot stand, but owe their survival ( albeit temporary)
    to?

    Who is left to vote for him but the 1%????? See, that's the problem------there ain't enough of 'em.  It takes the 99% that he has dissed time and time again.  Are they really as dumb as he thinks they are?

    Sunday, September 9, 2012

    Sequestration--------what is it anyway? You better know.

    Sequestration: What You Need to Know On August 2, 2011, President Obama signed into law the Budget Control Act of 2011 (BCA), increasing our nation’s debt limit and imposing a series of measures to limit spending and decrease the nation’s debt.
    The BCA calls for $900 million in cuts to discretionary programs, including education, over the next decade. It also created a Joint Select Committee (referred to as the "Supercommittee") made up of members from the House and Senate, Democrats and Republicans charged with finding $1.2 trillion more in cuts over the next decade. If the Supercommittee failed to identify this savings, or Congress failed to approve the Supercommittee’s recommendation, automatic cuts would impact every federal program not specifically excluded on January 1, 2013.

    Programs Excluded from BCA’s Across the Board Cuts (Sequestration):
    Social Security, Medicaid, CHIP, Food Stamps, Child Nutrition, Veterans Benefits, certain tax credits, Federal retirement benefits, and Medicare up to a capped amount.
    The Supercommittee failed, and now sequestration will begin, unless Congress and the Administration change the law. At the time of publication, several members of the House of Representatives have proposed a bill that would prohibit sequestration from impacting Department of Defense programs, but there has not been any similar legislation proposed to address education.
    The Congressional Budget Office, the nonpartisan office that advises Congress on the implications of its proposals has estimated that sequestration will mean a cut of approximately 8% to all education programs. This means that the entire U.S. Department of Education’s budget will be reduced by approximately $3.5 billion.
    Expected Cuts Starting January 1, 2013:
    IDEA Part B Grants to States CUT by $903 Million
    IDEA Part B Section 619 Program CUT by $29 Million
    IDEA Part C Infants & Toddlers CUT by $35 Million
    IDEA Part D National Programs CUT by $19 Million
    Special Education Research CUT by $4 Million
    These cuts will be felt by every single school in the nation and will impact educators’ abilities to serve children and youth with disabilities appropriately. Furthermore, they come at a time when other cuts have made it impossible to not reduce essential services. CEC calls on Congress to consider the potential impact of this across-the- board cut on children and youth, families, professionals and communities before allowing these cuts to deny resources and supports to those who need them most. Avoid a sequester by passing a balanced deficit reduction measure.
    Want to help? Turn Over For a List of CEC Resources

    http://www.cec.sped.org/Content/NavigationMenu/PolicyAdvocacy/CECPolicyResources/Sequestration.pdf