If Economy Is Recovering Why Is Obama Increasing Welfare Spending?

Rising welfare spending has served as a metric for the weakness of the economy, but a new report suggests that will change in the coming years, as Obamacare increases welfare spending even after the economy bounces back.

“As projected by the Congressional Research Service, spending on welfare will continue to rise over the next decade, even as the economy is expected to recover,” the Senate Budget Committee Republicans announced today.

This year, welfare spending was approximately $1 trillion. By 2016, that number will rise by $321 billion, according to figures released by Sen. Jeff Sessions, R-Ala.

“Altogether, the President’s health law would add a new means-tested federal benefit to 30 million more Americans (many of whom do not currently receive means-tested assistance),” Sessions’ office explained. “In total, fully one-third—approximately 105 million—of all non-elderly Americans will receive their health care through the government once the law takes full effect. That figure will be even higher if the economy continues to experience weak growth.”

Mitt Romney has promised to repeal Obamacare if elected. If President Obama wins a second term, he could veto any repeal of the law unless two-thirds of the House and Senate voted to override his veto.

Via: Washington Examiner

Continue Reading...

THE BIG FAIL: The Math Doesn’t Work

Obama Claims He Has A $4 Trillion Deficit Reduction Plan But The Obama Campaign Admits His Math Comes Up Short

OBAMA CLAIMS “THE MATH WORKS” BUT THE OBAMA CAMPAIGN DOESN’T “EXACTLY DISAGREE” WITH ANALYSIS THAT SHOWS IT DOESN’T

CLAIM: Yesterday In Ohio, Obama Said Of His Plan “The Math Works” For His Alleged Plan. OBAMA: “I’ve got a plan that will actually create jobs, a plan that will actually create middle-class security. And unlike Mr. Romney, I’m proud to talk about what is actually in my plan because my plan adds up. The math works. If you want to take a look, go to BarackObama.com/plans.” (President Barack Obama, Remarks At Campaign Event, Cleveland, OH, 10/26/12)

REALITY: CNN’s Erin Burnett Fact Checks Obama’s Deficit Plan Again And While “The Obama Campaign Did Not Exactly Like Our Analysis But They Also Didn’t Exactly Disagree With Us.” CNN’s ERIN BURNETT: “The plan doesn’t exactly add up. Inside the glossy it says, President Obama’s plan reduces the deficit by more than $4 trillion over the next decade but how he’s going to do it, well that’s still a bit of a mystery. Of course, the Obama campaign did not exactly like our analysis but they also didn’t exactly disagree with us.” (CNN’s “Out Front With Erin Burnett,” 10/26/12)

• CNN’s Erin Burnett: “Does It Add Up To The President’s Promise Of Cutting $4 Trillion From The Debt? Well, No.” CNN’s ERIN BURNETT: “But does it add up to the President’s promise of cutting $4 trillion from the debt? Well, no. The nonpartisan CBO analyzed this budget and concluded and I’ll quote them: ‘Over the 2013-2022 period, the cumulative deficit that would result from enacting the President’s budget – $6.4 trillion (or 3.2 percent of GDP) – would be $3.5 trillion larger than the cumulative deficit projected under current law.’ So, that’s $3.5 trillion in new borrowing they have to pay for before they even start the $4 trillion in cuts.” (CNN’s “Out Front With Erin Burnett,” 10/26/12)

Via: GOP.com

Continue Reading...

Spending on White House dinners soars under Obama

President Obama has spent far more lavishly on White House state dinners than previous chief executives, including nearly $1 million on a 2010 dinner for Mexico's president, according to documents obtained by The Washington Examiner.

Presidents have long used formal dinners to court foreign heads of state and to dish out fine food and wine to reward political, financial and show business celebrities and supporters.

But current and former government officials said the documents obtained by The Examiner point to an unprecedented upsurge in White House spending on such events.

The Obama extravaganza two years ago for Mexican President Felipe Calderon, which included a performance by pop star Beyonce, cost $969,793, or more than $4,700 per attendee, the documents show.

The Calderon dinner was held on the South Lawn in a massive tent adorned with decorated walls, hanging chandeliers, carpeting and a stage for Beyonce's performance.

Guests rode private trolley cars from the White House to the tent. Celebrity guest chef Rick Bayless from Chicago’s Topolobampo restaurant was imported to prepare Oaxacan black mole, black bean tamalon and grilled green beans.

 The dinner for the prime minister of India -- which was famouslycrashed by Virginia couple Michaele and Tareq Salahi -- cost nearly half a million dollars. Dinners for Chinese President Hu Jintao andBritish Prime Minister David Cameron were of the same level of extravagance.

Via: Washington Examiner

Continue Reading...

Romney by a landslide

A deeply troubled and deeply troubling administration that will do anything, no matter how cynical and venal, to protect its hold on power

When it comes to predicting the outcome of presidential races most pundits refuse to go out on a limb in predicting probable outcomes. Let’s face it; it’s a risky business that could leave one’s face covered with egg. However, in the case of the current election I will happily stick my neck out and risk being seen as a blowhard who believes himself up to predicting the future.

n a word, I predict a Romney landslide and here’s why: despite the fact that the famous 47% who to whatever degree depend on the government for their daily bread is expected to look for more of the same, I believe that if this percentage could have their druthers, they’d opt for having a well-paying job that left them self-sufficient, rather than dependent on the government.

I think that at some level most people in America understand that socialization would result in an overall lower standard of living. I also believe that despite all the class envy and hatred that’s been ginned up against the 1% by this administration, there is a basic understanding that private business, not the government, creates wealth. In my experience, most Americans understand that socialism doesn’t so much “spread the wealth” as it imposes equal degrees of misery.

Obama has incurred close to $6 trillion in new debt through deficit spending, the majority of which has gone to “stimulate” the economy. Counting the massive $821 billion stimulus bill and several additional stimulus bills and three Quantitative Easing initiatives (that’s government speak for printing extra money), the net effect has been that the American economy remains in the doldrums with unemployment in real terms approaching 15%. But even that failure might be forgiven if Obama hadn’t taken his role as messiah so seriously and make grandiloquent promises that could never be kept. I recall writing in these pages on November 11, 2008:

Via: Canada Free Press

Continue Reading...

Iacocca: America needs a turnaround, which is why I'm voting Romney

I've seen a lot of situations that needed a turnaround in my time, and I know one when I see one. Trust me, America needs a turnaround.

America is in deep trouble. After four years, economic growth is still anemic, our annual deficits were not cut in half as promised, and our staggering $16 trillion federal debt hangs over us and our kids like the plague. Our people are hurting, they can't find jobs, they have lost a major part of their net worth, the number of Americans living in poverty is at unacceptable levels, and we just aren't doing the things that would get our country back on the right track.

Like any turnaround it must begin by honestly facing our problems; hope and speeches won't get our people back to work. It will require experienced leadership that can create and lead policy change that will enable a more robust and competitive America. We need leadership that understands that government, just like American families, can't continue to spend beyond its means. We must find leadership that won't pander to the people, but rather will speak honestly to them about our situation, explaining in simple terms what we have to do to get back on the right track. And we need leadership that can bring us together in a sense of shared responsibility so that we can move forward as a team. All of us. As Americans.

America needs new leadership

Mitt Romney has successfully led both public and private sector turnarounds. He is a bright and successful man; he is a good man, a caring man, a man of integrity, family and faith. Importantly, he recognizes we are in a tough situation. With dozens of years of real world experience in the public and private sectors, he knows what he's talking about. His policies will enable a stronger America, one in which all Americans can share. He was groomed and trained for this moment.

Via: The Detroit News

Continue Reading...

Rick Perry Reminds Obama What The National Debt Is...

Twitter

From Rick Perry's Twitter