Democrats’ Budget Strategy: Fatuous and Specious Accusations

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Sen. Max Baucus (D-Mont.) in Interview on Medicare: FAIL!

Senate Finance Committee Chair Max Baucus (D-Mont.), of Obamacare cave-in notoriety, was asked on NBC by Andrea Mitchell why he opposes Rep. Paul Ryan’s Medicare reform proposal. What followed was the most unenlightened, intellectually devoid, and reflexive response parroting liberal canards that he still seemed challenged to articulate.

It is painful enough to watch. Even worse is the fact that this is a Senator… in our government… and one who chairs the Senate Finance Committee, no less!

We think that local officials in a banana republic or a village idiot somewhere would have provided a more substantial and engaged answer that showed intellectual input.

And some people actually wonder why the federal government can’t pass a fiscally responsible budget! The Democratic Party is infested with this type of zombie politician.

Visit msnbc.com for breaking news, world news, and news about the economy

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$5 Billion Obamacare Slush Fund Corruptly Buys Influence and Votes

Through previously secret clauses in Obamacare, Obama and the Democrats are corruptly buying votes with billions of our taxpayer dollars. It’s an outrage that should not be tolerated by the American public.

The Early Retiree Reinsurance Program (ERRP), buried deep within the leviathan legislation, provides $5 billion to private companies, states and labor unions that is to be used for the payment of health insurance for those who are retiring and are under age 65. Not surprisingly, a significantly disproportionate amount of the money is going to unions, and companies and states that are strong supporters of the Democrats. Some is even going to the "mainstream" media (the Left) which, of course, doesn't hurt with regard to even more positive, gushing press coverage of Obama and the Democrats.

Such a slush fund is corrupt, intolerable and a massive waste of taxpayer dollars. Furthermore, this has nothing to do with the need for healthcare reform and everything to do with influence peddling.

This is yet more evidence of the depravity and duplicity of too many of our politicians (largely Democrats), the inherent problems of a large government and why it needs to be radically downsized, and the wasteful spending of the government. It adds another reason why Obamacare must be vaporized.

Washington Post and CBS receiving money from Obamacare slush fund
Matthew Boyle    The Daily Caller    04/06/2011

Two mainstream news organizations are receiving hundreds of thousands of taxpayer dollars from Obamacare’s Early Retiree Reinsurance Program (ERRP) — a $5 billion grant program that’s doling out cash to companies, states and labor unions in what the Obama administration considers an effort to pay for health insurance for early retirees. The Washington Post Company raked in $573,217 in taxpayer subsidies and CBS Corporation secured $722,388 worth of Americans’ money.

“It is fine with me if they continue covering the ObamaCare debate,” said Rep. Marsha Blackburn, Republican of Tennessee, in an e-mail to The Daily Caller. “When NBC used to cover energy issues, they identified themselves as a subsidiary of General Electric. CBS and Washington Post just have to disclose that they are subsidiaries of the Obama Administration.”

The ERRP, which Republicans call a slush fund, provides taxpayer money to Obama administration-selected states, companies and labor unions with already-in-place early retiree health insurance programs, and aims to make certain that their employees who retire early still have health insurance coverage before they reach Medicare eligibility age. Almost $2 billion of the $5 billion fund, which was supposed to last until 2014, has already been distributed to corporations. New projections expect the funding to run out before the end of 2012, if not sooner.

At a Friday morning hearing, the House Energy and Commerce Committee’s Subcommittee on Oversight and Investigations, chaired by Rep. Cliff Stearns, Florida Republican, asked Center for Consumer Information & Insurance Oversight (CCIO) official Steven Larsen for how the administration decides who gets a slice of the $5 billion pie – and how the application process works. In his response, Stearns referred to the fact that corporations like General Electric, Verizon and AT&T in addition to several labor unions were getting taxpayer funding.

Stearns was not impressed. “This program is providing ‘free’ money to corporations, states, unions, and pension plans,” the Congressman said in an e-mail to TheDC. “In addition, the Washington Post and CBS received funding under this program. How can the Washington Post and CBS be impartial on the issue of health care when they received funding under the health care law?”

CBS Corporation spokesman Gil Schwartz told TheDC that newsroom employees, like any other CBS employees, are indeed allowed to take the taxpayer subsidies.

“Yes they are,” Schwartz said. “Why wouldn’t newsroom employees be allowed access to that money like all other CBS employees?”
CBS gets the money from the government, then provides early retirees with health insurance.

Though no current newsroom employees can benefit from the ERRP funds, they could retire early and still benefit from the money – or any newsroom employee who has retired since Obamacare became law could benefit from it too.

The Washington Post declined to comment. “We have no additional information to provide you other than what you have,” Post spokeswoman Rima Calderon told TheDC.

A spokeswoman for the Department of Health and Human Services (HHS) told TheDC she couldn’t disclose information about applications or disbursements for specific companies.

In addition to CBS Corporation and the Washington Post Company, recipients of ERRP funding include the United Auto Workers union, which secured $206,798,086 in taxpayer money, AT&T, which took in $140,022,949, and General Electric (GE), which raked in $36,607,818. GE has made headlines recently for not paying any U.S. taxes last year. IBM got $12,989,690 in taxpayer money.

Verizon pulled $91,702,538 in taxpayer cash, too, and General Motors received $19,002,669. More than $6 million went to different Teamsters groups nationwide, and millions more went to the United Mine Workers, United Food and Commercial Workers, the AFL-CIO and the American Federation of State, County and Municipal Employees (AFSCME).

http://dailycaller.com/2011/04/06/washington-post-and-cbs-receiving-money-from-obamacare-slush-fund/

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Democrats’ Hysteria to Miniscule Spending Cuts

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Democrats Irresponsible and Not Serious In Addressing Severe Budget Deficits

We are nearing the precipice of a financial apocalypse in this country but you would never know it just by listening to the demagoguery of the Democrats. They can’t spend other people’s money fast enough (translated: the taxpayers). No pork project or expenditure to them is frivolous.

Despite massive increases in spending under Obama and Congress when both chambers were controlled by the Democrats, they refuse to agree to even a miniscule 1.7% reduction - $61 billion out of $3.6 trillion. Apparently, this figure has been reduced to about one half in order to avert a government shutdown. That would translate to around a 1.8% reduction in the spending deficit for just this one year!

This is essentially a rounding error – an unacceptable compromise which illustrates their total lack of responsibility and concern for America, our way of life and standard of living. It also confirms that their first interest is getting re-elected.

We should work to make sure that it doesn’t happen at their next election.

Shutdown? Why are we still discussing the 2011 budget?
Greg Richards April 01, 2011

The 2011 budget should have been passed by last year's Congress. The 1974 budget law requires that the budget for this fiscal year be passed by October 1 of last year.

The Democrats were in power last year. The entire government was under the control of the Democrat Party. In the Senate, the Democrats had a supermajority. In the House, the Democrats had a controlling majority. Their guy was in the White House.

Passing a budget could arguably be said to be Congress' primary duty apart from declaring war. But last year, we saw the contempt in which the Democrat Party holds the public. The Democrats ran away from their duty, a duty they accepted - indeed sought - by running for office.

But the Democrats did not want to run in the elections of November 2010 on their record, on their stewardship of the affairs of State. Instead they chose to be derelict in their duty to the country.

Now, under the goad of the Tea Party, the Republicans, having retaken control of the House, are insisting that the government institute a budget for fiscal 2011, which has already half gone. In the face of a $1.6 trillion deficit which is occurring, be it noted, in the absence of a national emergency even if in the context of poor economic performance, the Republicans are seeking to cut $61 billion in spending, a paltry 1.7% of the total budget and 3.8% of the deficit. And what do we find? We find the Democratic Majority Leader of the Senate Harry Reid attempting to marginalize the Tea Party, whose presence is the only reason that he is being forced to do his duty!

Let's review:

1. The Democrats, by abandoning their duty on the budget last year, have already shown that they have no respect for their responsibility to the country.

2. The Democrats certainly have no respect for Republicans and will not act in the interests of collegiality.

3. Therefore, the only thing that motivates Democrats in Congress is access to power. The only force that is going to move them is the fear of losing that power. What we know and they don't is that the citizenry is now aroused. It is fearful for the future of the country under the unmodulated profligacy of the Democrat Party in Washington.

So, let's treat the Harry Reids with the contempt they deserve. Reasonableness is not going to move the needle anyway. Let's do what is necessary to save the country and put the Dems to the test of public obloquy if they choose to continue their irresponsibility from last year and stand in the way of prudence and necessity.

http://www.americanthinker.com/blog/2011/04/shutdown_why_are_we_still_disc.html

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Congressional Republicans Are Seeking A Balanced Budget Amendment

Congressional Republicans are continuing a welcomed pattern of pursuing fiscal responsibility by the federal government – just what the voters charged them to do. Their political counterparts and their ideological antithesis, the Democrats, instead are plotting to sabotage talks on federal spending and speciously blame and attack the Republicans. Their philosophy is that there can really never be too much spending.

Prudently, the Republicans are resurrecting the idea of a balanced budget amendment in order to force restraint in spending and taxation. They are conflating ideas from the past with new ones to create a Constitutional Amendment that will facilitate this.

In the end, they will irrefutably show that they are the party of fiscal responsibility and restraint so that the taxpayers can keep more of what they earn and all of us can enjoy a higher standard of living.

Budget Balance By Law
Investor’s Business Daily   03/28/2011

Fiscal Policy: The balanced budget amendment idea has lain dormant for years. But Republicans are bringing it back. In a day when runaway spending is running away faster than ever, we need a mechanism to rein it in.

GOP leaders expect in the next two weeks to introduce to the public a balanced budget amendment that they believe will fix the profound debt and deficit problems that lawmakers have created for the taxpayers. Done correctly, a balanced budget amendment might do just that.

Congressional Republicans had planned to announce their intention to amend the Constitution in the middle of the month, but decided to wait for a few weeks until they could come up with a bill they could all support.

Once lawmakers have agreed to a piece of legislation, the GOP will go public with it — and the promise is the process will be highly transparent.

In other words, Congress won't have to pass the amendment before everyone finds out what's in it.

"We will have a genuine rollout," Sen. John Cornyn, R-Texas, guaranteed Human Events, "so the American people can know what we're doing and they can call, and email, and fax, and demand their senators and congressmen support it and create a true grass-roots effort."

While there are competing versions of the balanced budget amendment among Republican lawmakers, Human Events reported last week that the likely final version of the amendment will:

• Cap spending at 18% of GDP. Under President Obama, spending has soared to 23.8% (fiscal 2010) and 24.7% (current fiscal year) of GDP.

• Allow federal spending to exceed federal revenue only when two-thirds of both chambers approve a specific dollar amount beyond government income.

• Prohibit tax hikes to balance the budget unless two-thirds in both chambers vote to override the limitation. The significance of this can't be overstated. Any amendment that enforces a balanced budget without such a restraint would only make matters worse. A large number of Democrats and a few soft Republicans would be giddy at the prospect of endlessly raising taxes.

• Require increases in the debt limit to be approved by three-fifths of both chambers.

• Force the president to submit a balanced budget each year to Congress.

In return for allowing the debt ceiling to exceed its current $14.2 trillion threshold, the GOP is demanding that Congress vote on a balanced budget amendment.

Should Republicans get their vote, and two-thirds of each chamber approve the amendment, it will go to the state legislatures. It must then be ratified in three-fourths of the states to be added to the Constitution.

To get it through the House, Republicans will need help from Democrats. Their 49-seat majority does not reach the two-thirds level required to approve an amendment. But a balanced budget amendment bill introduced this year by Rep. Bob Goodlatte, R-Va., has 215 co-sponsors, with 13 Democrats among them.

The GOP will also need help from Democrats, who have 51 of the 100 seats, to move it through the Senate. With votes from all 47 Republicans, the amendment will have to attract support from 20 Democrats.

While the numbers would indicate that passage in the Senate is unlikely, the prospect isn't entirely hopeless. Human Events notes that there are four Democrats who voted for the balanced budget amendment in 1997 who still serve in the Senate.

Democratic Sens. Mark Udall — who has offered his own balanced budget amendment — and Claire McCaskill — who has pushed for a 20.6% of GDP cap on spending — are two others who might vote for another balanced budget amendment.

But even if it gets hung up in one or both chambers, Cornyn still believes that the balanced budget amendment will at least be a useful guide to politics.

"I think the voters would know," he told Human Events, "with very stark clarity, who is for a balanced budget and who is not."

Typically all anyone needs to know about where a politician stands on a balanced budget is party affiliation. But maybe the shocking behavior of the Obama spending machine will clear up some Democrats' thinking. For those who refuse to learn, there are the elections of 2012.

http://www.investors.com/NewsAndAnalysis/Article/567387/201103281851/Budget-Balance-By-Law.htm

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Tax Cheating Democrats

Though Democrats don’t have a monopoly on tax cheats, it sure seems that way – particularly recently. Of course this behavior comports quite well with the arrogance and contemptuousness that they displayed for the American people when they had unopposed control of the federal government – both the House and Senate in Congress and the White House.

Why should they care very much if they raise taxes? After all, many are so wealthy that it affects them little. And besides, for those Democratic politicians who do actually pay their taxes, many have found loopholes and other stratagems in order not to pay their “fair share”.

Also by using this taxation power, they are in effect, “buying” voters (those that pay little or no taxes) who will keep them in office.

We, the productive citizens who are bearing an ever increasing tax burden to support these Democratic politicians and their “entitled” minions, need to assiduously work to make sure that they don’t get re-elected.

Tax-Challenged Dems
Investor's Business Daily   03/22/2011

Hypocrisy: A Missouri senator up for re-election is the latest administration crony to overlook or avoid paying all her taxes. Funny, they have no problem raising them on or collecting them from the rest of us.

If you ever wonder how we could find ourselves $14 trillion in debt and sinking fast, consider how fast and loose the mythical guardians of the public purse are with keeping their own finances in order and meeting their own tax obligations.

As Politico has reported, Sen. Claire McCaskill, D-Mo., said Monday that she will sell her private plane and pay $287,273 in back Missouri property taxes that somehow slipped her mind while she was supporting ObamaCare and spending the rest of us into oblivion.

"This is not good," McCaskill said during a conference call with reporters on Monday as she detailed the Missouri property taxes she owed: $72,790 in 2007, $74,699 in 2008, $69,394 in 2009 and $70,401 in 2010. Meanwhile, other Missouri property owners struggled to keep up with far lesser means.

The property taxes are owed on a plane — a 2001 single-engine, turbo-prop Pilatius PC-12 valued at $2.2 million — acquired in July 2006 during McCaskill's Senate run against Republican incumbent Jim Talent. It had been registered in Delaware, where no taxes were imposed. Then it was moved to Illinois, which imposes no personal property taxes on private aircraft.

Because planes are not licensed in Missouri, the state has no record of who owns them, so local governments — which levy property taxes — send no bills. As a result, McCaskill said, her husband and the company owning the plane had no knowledge that the property taxes were owed. Ignorance of the law, it is said, is no excuse, especially if you're the state's U.S. senator.

McCaskill's family opted to move it in 2007 to Spirit of St. Louis Airport in St. Louis County. As a senator, McCaskill has flown at least 89 flights chartered by Sunset Cove Associates LLC — a company incorporated in 2002 by her husband, St. Louis businessman Joe Shepard, according to records kept by the Missouri secretary of state's office.

The senator had used the plane she co-owns with her husband and other investors for political purposes, paying for the travel with taxpayer money from her Senate office, which she now calls a "mistake," for which she will reimburse the government nearly $89,000.

Oops.

McCaskill recently co-sponsored a bill in the Senate that would send pink slips to federal employees who are found to have unpaid taxes. This was the situation Treasury Secretary Timothy Geithner was found in during his confirmation hearings in which he was touted as the only person on the planet capable of leading us back to financial stability.

It was revealed that Geithner had since 2001 failed to pay nearly $40,000 in Social Security and Medicare taxes because he worked for the International Monetary Fund, which conveniently failed to withhold those taxes as U.S. firms do. Like McCaskill, Geithner forgot to check.

Rep. Charles Rangel, D-N.Y., lost his post as chairman of the tax-writing Ways and Means Committee after it became known that he failed to pay 20 years of back taxes on a Caribbean villa, on top of tax issues related to four rent-controlled apartments in Harlem used by his campaign.

Then there's Massachusetts Sen. John Kerry, who docked his family's new $7 million yacht in neighboring Rhode Island, letting him avoid paying roughly $500,000 in taxes to his cash-strapped home state, where honest taxpayers were struggling to put ketchup on the table.

The power to tax is the power to destroy. It also is an opportunity for hypocrites to benefit at taxpayers' expense, an act that calls for removal from areas of control over the public purse.

If they can't run their own affairs cleanly and openly, they shouldn't run ours.

http://www.investors.com/NewsAndAnalysis/Article/566798/201103221824/Tax-Challenged-Dems.aspx

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Rep. Paul Ryan (R.-WI) to Unveil Plan For Entitlement Reform

Rep. Paul Ryan (R.-WI) is taking his responsibilities as House Budget chief very seriously – just what the electorate wants but will clearly pay a high price for his diligence. He will soon unveil a concrete, effective plan for entitlement reform that unfortunately will be resoundingly attacked by the Democrats and receive little support from many Republicans.

The reasons?

Politics. Plain and simple.

The Democrats see this as an opportunity to sway voters who are addicted to entitlements and don’t want them reduced. Republicans are afraid that being fiscally prudent and responsible will cost them votes – and re-election.

This explains, in essence, why the issues of massive government spending with increasing deficits and debt have not been definitively addressed in the past.

Ryan Drumroll
Investor’s Business Daily   03/25/2011

Fiscal Responsibility: House Budget chief Paul Ryan will soon propose detailed entitlement reform. That he is sure to be savaged — even by fellow Republicans — shows how little Washington appreciates courage.

Ryan, a conservative Wisconsinite, will in early April unveil a budget that promises to be among "the boldest fiscal documents in history."

The Democratic Congressional Campaign Committee — the House Democrats' fundraising arm — already has a website, stopbenefitcuts.com, condemning the plan as "an extreme Republican scheme that will dismantle Social Security and Medicare as we know it."

At the Manhattan Institute's Reagan Centennial conference on supply-side economics last Tuesday, former Reagan and Bush administration economist Lawrence Lindsey said House Democratic leader Nancy Pelosi believes the GOP won the House because senior citizens abandoned the Democrats, and she wants them back.

"She is going to make the issue be, 'We are not going to cut your entitlements,'" Lindsey told the audience.

Ryan is also sure to be attacked by anti-spending purists like Sen. Rand Paul, R-Ky. But House leaders and key GOP senators, such as Senate Budget Committee ranking Republican Jeff Sessions of Alabama and freshman Marco Rubio of Florida, can be expected to give Ryan support.

The inevitable "dime-store Democrat" Republicans who will score political points by criticizing Ryan for his boldness are the most deplorable ones.

Based on past remarks, Ryan would change Medicaid to give governors freedom to tailor their states' plans to meet the needs of their particular low-income populations, in the spirit of the 1990s welfare reform.

Medicare would be reformed to give future beneficiaries a payment they could use to choose from a list of Medicare-approved plans. Social Security reform is not likely to take center stage in Ryan's plan.

Quibbles may be justified, but even hard-core Tea Party supporters should applaud Ryan when he makes history early next month by doing what no politician — not even Ronald Reagan — has ever done: get dead serious about cutting the spending of the most difficult-to-control programs of the federal government.

http://www.investors.com/NewsAndAnalysis/Article/567267/201103251856/Ryan-Drumroll.htm

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Japan’s Selling or Cutting Back on Buying U.S. Debt Would be a Major Financial Problem

The federal government’s continued reckless and profligate spending has resulted in an astounding and soon to be unsustainable debt level that is adversely impacting our economy and threatens even our standard of living and way of life. Irresponsible politicians in Washington including largely but not exclusively Congressional Democrats and Obama, continue to be dismissive of this impending financial apocalypse.

Making matters even that much worse now is the calamity in Japan, a country that is the second largest purchaser of U.S. debt after China. If Japan decides to substantially cut back on their buying of our bonds or even starts selling some of this debt in order to make available the massive capital needed for their country’s reconstruction, this could be financially problematic and costly for us.
This should serve as another important wake-up call to our politicians (and Americans in general) that we must expeditiously and substantially reduce government spending in effective and meaningful ways and get our financial house back in order.

Fears rise that Japan could sell off U.S. debt
Some analysts say that risk to U.S. economy unlikely
Seth McLaughlin   The Washington Times  March 24, 2011

U.S. Treasury Secretary Timothy F. Geithner said he doesn’t think Japan’s troubles will affect U.S. borrowing costs and interest rates. (Bloomberg)

U.S. Treasury Secretary Timothy F. Geithner said he doesn’t think Japan’s troubles will affect U.S. borrowing costs and interest rates. (Bloomberg)

Some lawmakers and market analysts are expressing rising concerns that a demand for capital by earthquake-ravaged Japan could lead it to sell off some of its huge holdings of U.S.-issued debt, leaving the federal government in an even tighter financial pinch.

Others say a major debt sell-off by Tokyo is unlikely, but noted that the mere fact that questions are being raised speaks volumes about the risks involved in relying so heavily on foreign investors to fund U.S. debt.

“This natural disaster in Japan concerns me that it could speed up what’s coming, because they are the second leading buyer of our debt,”Sen. Rand Paul, Kentucky Republican, told The Washington Times. “Small degrees of differences in how much they buy of our debt, I think, can make a big difference in interest rates that we have to pay people to buy our debt.”

With the federal government having piled up $14.2 trillion in debt, budget experts are warning that the country is on an unsustainable fiscal path.Congress, they say, must find cuts in all areas of the budget, while reforming the entitlement programs — Social Security, Medicare and Medicaid — that are the biggest drivers of national spending.

Congress has passed short-term spending bills this year that nibble on the edges of government spending, and President Obama has offered a 2012 spending plan that also saw spending rise.

Concerns about the financial plight facing Japan, which trails only Chinaamong foreign holders of U.S. Treasury debt, aren’t helping the picture.

“They have a lot of bonds,” former Sen. Pete V. Domenici told The Times this month after testifying before Congress about the country’s mounting debt woes. “Are they in such bad trouble that they are not going to buy anymore? If they don’t, who do we look to?”

Asked point-blank last week if he thought Japan’s troubles could affect the U.S. borrowing costs and interest rates, Treasury Secretary Timothy F. Geithner told a congressional hearing, “I do not.”

Japan, which held some $886 billion in U.S. debt in January, is “a very rich country, with a very high savings rate,” Mr. Geithner said.

But some two weeks after the earthquake, uncertainty still reigns over whether Japan will reduce its purchases of Treasury debt and other foreign assets — a decision that could force the U.S. to pay higher rates on its securities to attract buyers and possibly drive up U.S. interest rates.

But judging from Japan’s response to the 1995 Kobe earthquake, Ward McCarthy, chief financial economist at Jefferies & Co., said that it is unlikely.

“It’s not unreasonable to think their appetite will probably diminish somewhat simply because Japan is going to have to fund its reconstruction by issuing more debt,” he said. “So we are going to have more competition from Japan itself going forward.”

Still, lawmakers remain concerned that the amount of foreign-held debt represents a bigger financial gamble than people realize.

“Many people I’ve been talking to in Washington are worrying about Japan because they have nearly 200 percent of their GDP in debt,” Mr. Paul said. “We’re at 100 percent and some people worry that this might not necessarily be a problem for Japan, but more of a problem for us if Japan in this crisis cannot buy our debt any longer.”

Karl Denninger, founder of market-ticker.org, said that could become a real concern in the coming months, as the heavy reconstruction costs inJapan threaten to slow down or even reverse the current flow of goods and services out of the country, and dollars coming into the country.

“The impact of this is widely unappreciated and I think it is a mistake to ignore it,” he said.

Mr. McCarthy said perhaps more importantly, “in the bigger picture, we’ve painted ourselves into a corner.”

“Should an emergency or disaster like the one that happened in Japan, happen in the U.S., we simply have put ourselves in a situation where it will be very difficult for us to come up with the funding to respond in an appropriate way. There are countless reasons why Congress should do the right thing, make some difficult choices and reduce the budget deficit,” he said. “Unfortunately, they apparently don’t see it that way.”

http://www.washingtontimes.com/news/2011/mar/24/fears-rise-that-japan-could-sell-off-us-debt/

http://media.washtimes.com/media/image/2011/03/24/20110324-192949-pic-393009766_s160x240.jpg?474e0a6950947c041101feecbb3ae69ebe630039

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Rampant Hypocrisy of the Media and Congressional Democrats

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