Obamacare Sparks Warnings To Seniors - College Kids Recruited To Join Comrade Obama's 'Army' - Obama Wants To Appoint His Own 'Whistleblowers'‏

 

 

 

 

 

 

DOCTOR'S ORDERS
The opportunity of a century
Phyllis Schlafly: Health care bill is recipe for debt, bankruptcy, European mistakes
--WND

 
 




The opportunity of a century


Posted: August 26, 2009
1:00 am Eastern

© 2009 

House Speaker Nancy Pelosi said one correct thing: Health care legislation is our
"opportunity, not of a lifetime, but of the century." Passage of the bill she supports
would put us forever on the road to trillions of dollars in debt, bankruptcy and
European mistakes; defeat of the bill will safeguard the unique American recipe for
liberty and prosperity.
 
Pelosi and her friends would give more control to patients over their medical care if
the liberals really wanted to improve quality and reduce cost. Instead, they are trying to
push our nation in the opposite direction, taking away control from patients over
access and choices for medical care.
 
We should eliminate the roadblocks that are built into current law to restrict our use
of health savings accounts, or HSAs, and high-deductible insurance (such as $2,500).
Pre-tax money put into HSAs by the individual and by the employer can be used for
costs not covered and, if not spent, can be saved and grow as a savings account for
the individual.
 
This puts the individual in charge of spending for health-care costs up to the
deductible limit when insurance coverage kicks in. This assures that the first $2,500 will
be spent more carefully and thereby promote competition and lower costs.
 
We should give individually purchased health insurance the same tax deduction that
has been enjoyed for decades by employer-provided health insurance. This is a matter
of fairness; where are the equal-protection litigators when we need them?
 
The Democrats are toying with going in the opposite direction: eliminating the tax
deduction for employer-based plans. That translates into a big tax increase for the
middle class.
 
We should repeal all state laws that forbid insurance companies to compete across state
lines, so that individuals can buy health insurance in states other than their own.
Where are the free-trade devotees when we need them?
 
We should repeal all government mandates on benefits that health insurance is
required to cover so individuals can choose the insurance package that fits their
needs. These last two changes would be the best way to establish real insurance
company competition.
 
Again, the Democrats are going in the opposite direction: imposing a federal mandate
on what benefits health insurance must cover (which will include abortion, mental
health and all sorts of services demanded by special-interest groups). Insurance
mandates are how the Democrats expect to control the health care industry if they
can't round up the votes to impose the "public option."
 
We should enact tort reform so that doctors won't be chased out of practice by
ruinous lawsuits and over-the-top malpractice insurance rates. The Democrats won't do
this because the trial lawyers are their biggest source of campaign contributions.
 
The left has started a nasty attack against John Mackey, founder and CEO of Whole
Foods Market Inc., because he wrote an article in the Wall Street Journal endorsing these
common-sense reforms. He practices what he preaches – his company provides a
popular HSA plan for its employees.
 
The left is incensed that Mackey not only supports practical reforms but also
explained the folly of making health care a massive and costly entitlement that would
create trillions of dollars of new unfunded deficits and empower government instead
of people.
 
The left is venting its rage on Twitter, Facebook and the blogosphere, and even trying
to organize a Whole Foods boycott.
 
I prefer Whole Foods over Nancy Pelosi, so I'm going to double my shopping at Whole
Foods and urge liberty-loving and cost-conscious Americans to do likewise. I'm a fan
of  Whole Foods' healthy foods and vitamins, anyway.
 
Here are two more health-care reforms that Mackey didn't mention that I would add
to the list. The Democrats craftily built two loopholes into their 1,000-page bill that
must be closed.
 
Pelosi's bill deceitfully covers abortion at taxpayer expense by refusing to exclude it.
The Democrats and the feminists consider abortion merely routine health care, like
appendectomies, and they know that the traditional Hyde amendment, which denies
taxpayer funding for Medicaid abortions, will not apply to the health-care bill.
 
The bill does mention excluding illegal aliens but provides no verification mechanism.
Therefore, illegal aliens will be covered by the Democrats' health-care bill unless proof
of citizenship is specified as a requirement.
 
Don't let anybody tell you that "co-ops" are an acceptable alternative to the public
option. Co-op is just a code word for the government mandating the benefits that
private insurance must provide, so co-ops will rapidly move us to socialist control of
the health care industry just as fast as the public option.
 
 


 

 

WHISTLEBLOWER MAGAZINE
WorldNetDaily Exclusive
PROOF: Obamacare will lead to 'Medical Murder'
Why health plan could result in the early deaths of millions of baby boomers
--WND

 
 
 
MATTERS OF LIFE AND DEATH
Doctors alarmed at abortion proposal
Many protest criminalization of physicians who refuse to terminate pregnancies
--Catholic Herald 
 
'Pay czar' to monitor big bonuses
While Obama quietly tones down rhetoric about corporate pay packages
--Washington Times - This is UNCONSTITUTIONAL. It is UN-AMERICAN! 
 
 
 

McCain booed at town hall for defending Obama
'I'm sure that he respects the Constution of the United States'
--Breitbart.com


 
 
DOCTOR'S ORDERS
WorldNetDaily Exclusive

Obamacare sparks warning to seniors 
'AARP advocating' for program that would restrict services
--WND

 

 

OBAMANOMICS
White House projects ballooning deficits
Fiscal assessment far bleaker than what Obama estimated few months ago
--Associated Press

 

 

AUDIONETDAILY
WorldNetDaily Exclusive

$9 trillion 'too huge to comprehend' 
Economist: 'Astronomical' deficits 'tragedy' for younger generation stuck with bill
--WND

 

 

AUDIONETDAILY
WorldNetDaily Exclusive

'Credit card Congress' out of control 
Rep. Chaffetz: Constituents 'fired up and fed up' over size, scope of government
--WND

 
 
 

 
MARCHING ORDERS
WorldNetDaily Exclusive

College kids recruited to join Obama's 'army' 
Earn credit for pushing 'change,' working on president's 'agenda'
--WND


 
MARCHING ORDERS
College kids recruited to join Obama's 'army'
Earn credit for pushing 'change,' working on president's 'agenda'


Posted: August 25, 2009
9:03 pm Eastern


By Chelsea Schilling
© 2009 WorldNetDaily


President Obama's army of citizen volunteers is now actively recruiting college s
tudents in states across the country to "build support for President Obama's agenda"
– and earn college credit while advocating for "change."
 
Obama for America, Obama's 2008 political campaign, merged with the Democratic
National Committee in January and is now known as Organizing for America, or OFA.
The movement some call "Obama 2.0" is now recruiting students and offering to
provide credits toward degree plans in exchange for their advocacy skills.
 
A message from OFA national volunteer coordinators announcing the recruitment
campaign and internship opportunities has been posted on several websites and on
Facebook.
 
"Students and young people were critical in building the movement that helped elect
President Obama last year. By becoming a National Organizing Intern, you'll be part
of the grassroots effort to make the change we fought for a reality in 2009 and
beyond," it states. "As an Organizing Intern, you'll work side by side with OFA staff
and community leaders to help build support for President Obama's agenda. You'll
learn core organizing principles that are crucial for any campaign and play an
important role in building our organization in your state."
 
The announcement continues, "President Obama describes his time as a community
organizer by saying: 'It was the best education I ever had, because I learned in those
neighborhoods that when ordinary people come together, they can achieve
extraordinary things.'
 
"This is your chance to get that same education.
 
"If you're passionate about making sure every American has quality health care,
reviving our economy, and building a clean energy future, don't miss this great
opportunity. No previous experience is needed in order to apply."
 
The group's website declares: "Organizing for America, the successor organization to
Obama for America, is empowering students across the country to build on the
movement that elected President Obama and help bring about his vision for change."
 
Volunteers must commit to working at least 12 hours a week from Sept. 1 to Dec. 11
and, according to the OFA website, may receive college credit from their schools for
doing so.
 
The Omaha World-Herald reported that OFA workers have been knocking on doors
and making phone calls in Iowa and Nebraska to garner support for Obama's health
care initiative.
 
"It is the first time in recent memory that a presidential candidate has maintained an
active, grassroots presence in either state after an election," the newspaper reported.
 
"Iowa has almost nonstop presidential activity," said Norm Sterzenbach, executive
director of the Iowa Democratic Party. "But the idea of having a sitting president
continuing an organization is fairly unusual."
 
According to the Washington Post, Obama used the same standing political army
earlier this year to gather signatures in support of his economic plan. The president
asked his supporters to go "block by block and door by door" in every state.
 
In March, when volunteers canvassed high-traffic locations in Birmingham, Ala., to
support Obama's health care, education and energy policies, one event organizer told
the Birmingham News, "We are looking for supporters. We're not looking for a fight.
That will come later, when we have an army."
 
In an Aug. 5 e-mail, Obama once again urged his supporters to help him gain support
for his health care plan:
 

… Organizing for America is putting together thousands of events this month where

you can reach out to neighbors, show your support, and make certain your members

of Congress know that you're counting on them to act.

 

But these canvasses, town halls, and gatherings only make a difference if you turn up

to knock on doors, share your views, and show your support.

 

Democratic National Committee spokesman Michael Czin said in July that OFA has
hired staff in 38 states and intends to expand to all 50 states. OFA announced that it
has organized 1,906 local events in all 50 states – from press conferences to
community discussions – since it launched its health care campaign in June.
 
As WND reported, Obama has been accused of "planting" OFA volunteers and
supporters at many of his recent town hall forums so they may ask pre-selected
questions. The White House insists that attendees are selected at random, but a
closer look reveals many questioners range from Obama campaign donors and
Organizing for America volunteers to single-payer health care lobbyists and Service
Employees International Union members.
 
According to New Hampshire's DMUR 9 News, Obama health care supporters,
including OFA members, are being driven to town hall meetings by the busload:
 


 
One citizen filmed a crowd of activists at a recent town hall meeting. Each attendee
held a printed placard promoting health "reform" and addressing numerous "myths"
and "facts" about Obama's plan. Asked where she got the sign, a woman said,
"Organizing for America. We're a grass-roots organization and proud of it."
 

Other town hall attendees have reported seeing volunteers handing out pre-printed
fliers and posters from OFA.
 
WND also reported that help wanted ads are appearing on Craigslist that offer to pay
citizens between $9 and $16 an hour to lobby for the passage of Obama's health care.
One Sacramento Craig's List ad declares, "Help pass Obama's health care reform!
Earn $325-$550 per week!"


Craigslist  ads for Sacramento-area workers to "help pass Obama's plans"


Another Craigslist ad in San Francisco invited prospective applicants to "join
motivated staff around the country working to make change happen."
 
The same ad ran in the Craigslist Washington, D.C., section. Similar ads were posted
in Minneapolis, Minn., and Columbus, Ohio, sections.
 
Organizing for America is also calling on Obama supporters to show up at local
representatives' offices to show support for health reform.
 
"As you've probably seen in the news, special interest attack groups are stirring up
partisan mobs with lies about health reform, and it's getting ugly,"
a letter from Organizing for America states. "Across the country, members of
Congress who support reform are being shouted down, physically assaulted, hung
in effigy, and receiving death threats. We can't let extremists hijack this debate, or
confuse Congress about where the people stand."
 
The group even offers to provide

"information to drop off about how the health care crisis affects your state (with the option of adding your personal story)" and "a step-by-step guide" for pushing health "reform" at district offices.

 

 
 
 
UK HEALTH SYSTEM: Babies born in hospital corridors: Bed shortage forces 4,000 mothers to give birth in lifts, offices and hospital toilets...


Man collapses with ruptured appendix... three weeks after NHS doctors 'took it out'..



Feingold: No health care bill before Christmas...



GOP congressman blasts Holder probe: 'It's disgraceful... you wonder which side they're on'...
 
Obama Predicts Unemployment, Deficits Far Worse Than Previously Stated...

Grim...

FT: Deficit fears put Obama's reforms in jeopardy...

WSJ: Dollar Steadily Losing Influence...
 
GALLUP: OBAMA HITS NEW LOW...

 
 
 
WorldNetDaily
Obama wants to appoint his own 'whistleblowers' 
Democrats push to give prez power over Federal Reserve
--WND

 
 
Obama wants to appoint his own 'whistleblowers'
Democrats push to give prez power over Federal Reserve


Posted: August 25, 2009
9:13 pm Eastern


By Drew Zahn
© 2009 WorldNetDaily

 

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A bill sponsored by Democrats in Congress would make several U.S. inspectors general currently appointed by federal agency heads presidential appointees instead, including the inspector general keeping an eye on the Federal Reserve.


The inspectors general, or IGs, are independent investigators charged with rooting out government waste and fraud in their respective federal agencies. Roughly half of the watchdogs are already appointed by the president upon Senate confirmation, while the other half are appointed by agency chiefs.


An editorial published in the Washington Times over the weekend blasted the plan to convert five more IGs to presidential picks:


"Such a move would undermine independent oversight of large parts of the federal bureaucracy," the editorial stated. "These changes would only serve to further politicize these positions."

 
The editorial added, "Now is not a wise time to remove independent review of the government leviathan."


H.R. 885, known as the Improved Financial and Commodity Markets Oversight and Accountability Act, would make five inspectors general – those overseeing the Federal Reserve, the Commodity Futures Trading Commission, the National Credit Union Administration, the Securities and Exchange Commission and the Pension Benefit Guaranty Corporation – presidential appointees.

 
Rep. John Larson, D-Conn., sponsored H.R. 885 earlier this year and was joined by 37 other representatives, most of whom are also Democrats. The bill has passed the House and now awaits its companion legislation, S. 1354, sponsored by Sen. Robert Menendez, D-N.J., to be passed through the Senate Committee on Homeland Security and Governmental Affairs.


The five people currently serving as the inspectors general in question fired off a letter last month Connecticut's Sen. Joe Lieberman, who chairs the Senate committee considering the bill, arguing the move would "seriously disrupt the continuity of operations and risk undermining our effectiveness."


The Times reports Sen. Charles Grassley, R-Iowa, who also sits on the Senate committee and is a long-time ardent supporter of the role of the independent investigators, is backing the concerned IGs and has placed a hold on the legislation.


Obama's controversial connection to IGs


Former Inspector General Gerald Walpin


Supporters of H.R. 885 have argued that IGs appointed by the president, rather than the agency heads, will enable the IGs to be more independent and capable of investigating the agencies. Furthermore, they've argued, there's no need to fear that presidential appointment will lead to undue politicization, since the watchdogs won't be investigating the White House.


The Times editorial, however, argues too many people in powerful positions beholden to the president undermines the independent spirit of the IG role:


"As appointees, IGs serve at the will of the president and investigate operations directed by other presidential appointees," the Times states. "Surely, at a time when the president and Congress are planning massive expansions in government power, some political leverage would be gained by further politicizing these jobs."
And as WND has reported, President Obama has already come under fire for allegedly canning an IG who crossed him politically.


Former Inspector General Gerald Walpin filed two reports exposing gross misappropriation of federal AmeriCorps funds by former basketball star Kevin Johnson, a prominent Barack Obama supporter, and was shortly thereafter fired by the White House, circumstances Walpin told WND are likely linked and others have called an outright illegal action by the administration.


"I will tell you that [my firing] came only after we had issued those two reports to Congress, and I don't think that's a coincidence," Walpin said. "I am convinced that I and my office are not guilty of any impropriety. In essence, I was fired for doing my job."


The Times editorial also picked up on the controversial firing of Walpin and its connection to granting the president even more power over the inspectors general:


"Mr. Obama's June firing of Corporation for National and Community Service Inspector General Gerald Walpin alone calls the plan into question," the Times said. "Full investigations of any problems related to ongoing efforts to increase financial-sector regulation and the spending of hundreds of billions of dollars to prop up the industry must be assured. Keeping the positions away from the assuredly political confirmation process can help ensure that this remains the case."
 
 
 
WEAPONS OF CHOICE
WorldNetDaily Exclusive
State prepares to challenge U.S. gun laws 
'This is an issue where the federal government has no business'
--WND
 
 
 
CRIMENETDAILY
WorldNetDaily
Top Democrat fund-raiser for Obama, Hillary arrested 
'Bundler' for candidates including John Kerry charged with bank fraud
--WND


 

FOR THE RECORD
Do some research on Obama eligibility!
Exclusive: Molotov Mitchell declares, president's been hiding very important data
--WND

 
 
 
WorldNetDaily Exclusive
ACLU fails in demand to jail child's mother 
Mom refused to deliver 6-year-old for unsupervised visit with lesbian
--WND

 

WAR ON TERROR
'You wonder which side they're on'
GOP congressman blasts attorney general for probing CIA interrogators
--Politico

 

Cheney: CIA tactics saved lives, led to captures
Joins top GOP senators in ripping new criminal probe of past interrogation tactics
--Fox News

 

AUDIONETDAILY
WorldNetDaily Exclusive

'Utter insanity' to go after CIA 
Ex-officer: Probe of interrogations proves Obama 'checking out' of terror war
--WND


 
 

 

 

 

 

 

 

COLUMN DU JOUR
Washington retarding
our economic recovery

Steve Forbes: Obama-ites think prosperity is suspect, want to keep business in check
--Forbes

 

Retarding Recovery

One would have to go back to the 1930s or perhaps the 1970s to find an Administration as hostile to economic innovation and growth as this one is. Franklin Roosevelt clearly thought that the age of great industrial advancement was over and that it was Washington's task to increasingly regulate business while bashing the "selfishness" of "economic royalists" who were running American enterprises. After all, they had caused the Great Depression, hadn't they? The 1970s, especially during Jimmy Carter's presidency, were also antagonistic to commercial risk-taking. Inflation ran rampant, and the capital gains tax was raised to a maximum of almost 50%.

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Washington is in a similar mood today (see Current Events, p. 17). One expression of this obtuseness-cum- animosity is a proposal from the Treasury Department to crush venture capital firms with burdensome new regulations as part of the Obama Administration's grand scheme to reform our higgledy-piggledy financial regulatory system.

Even though most venture capital outfits are relatively small and rarely, if ever, use debt, the Treasury wants to apply a bewildering array of rules similar to those for investment advisors and banks. Thus, instead of focusing on funding the next potential Apple ( AAPL - news - people ), Microsoft ( MSFT - news - people ) or Oracle, VCs will have to devote considerable time and resources to filling out disclosure and compliance forms. Treasury Chief Timothy Geithner's lame excuse is that since reform should cover the entire financial industry, leaving out venture capitalists would be a form of discrimination. Alas, there's more at work here than pigheaded logic.

This Administration truly believes that the private sector is a destructive, unguided missile that needs the constant and close supervision of Washington politicians. Without it we'd be subject to more disasters like the current financial crisis. In other words, Washington doesn't like the idea of venture capitalism because VCs and the entrepreneurs they fund create and do things without anyone's permission. Before anybody can invest in anything, Washington, in effect, would like investors to have to go through the equivalent of an environmental impact statement: Entrepreneurs, executives and investors cannot be left to their own devices.

Thus, the capital gains tax will be increased next year by at least one-third, and the personal tax on dividends will probably be doubled. The Administration will do nothing to mitigate the toxicity of the Sarbanes-Oxley Act, which was created in haste in 2002 to prevent corporate fraud and excesses. One harmful side effect of Sarbox is that it disproportionately hurts small businesses by burdening them with relatively huge accounting compliance costs and is therefore a barrier to smallish companies going public.

The Obama Administration's weak-dollar policy, inherited from the Bush Administration, also inhibits productive, robust risk-taking. It's no coincidence that when Ronald Reagan and Paul Volcker ended the Great Inflation of 1968--82 venture capital exploded, and Silicon Valley took off like a rocket. The U.S., and then the global economy, began an extraordinary quarter- century of expansion and breathtaking innovation.

But the Obama-ites think the prosperity of 1982--2007 is suspect and that they must keep business entrepreneurial impulses firmly in check. Thus the howls from VCs and entrepreneurs are music to Washington's ears. Filling out forms will sidetrack venture capitalists. Even if they pick a winner, they'll have difficulty launching an IPO to cash out and redeploy their capital. Successful risk-taking will be punished with higher investment taxes.

Not a pretty picture, is it?

 

Resurrect the Raptor

The Obama Administration has successfully killed the fabulous F-22 Raptor fighter aircraft. What a blunder. At a time when Washington has been spending on a scale unparalleled in American history, shooting down this program is supposed to demonstrate the Administration's ultimate deep-down fiscal rectitude--we're spending only to fight the recession--and its determination to bring sanity to defense spending. Instead of the F-22 the military will now have to make do with the F-35, a jet that has yet to go into production. The alleged virtue of the F-35 is that it's an all-purpose plane--there will be versions for the Air Force, the Navy and the Marines, as well as a couple of variations for export. The F-35 shouldn't cost as much as the F-22, and it's more versatile. What's not to like?

The problem is--assuming the F-35 sees the light of day in a timely manner--that this aircraft simply doesn't do the job in air-to-air combat that the F-22 does, nor does it have the F22's ability to penetrate sophisticated defenses. The F-22 is stealthier and faster and has greater range and considerably more firepower than the F-35. No potential enemy will be able to match the F-22.

Moreover, the F-22 is already in production. We will have manufactured 187 before the assembly lines shut down. The original plan was to build 750 of these planes. Killing the F-22 is false economy. While we face no Soviet-style threat today, who's to say what enemy may emerge a decade or so from now? The F-35 can be used for other functions, such as close air support for ground troops. In short, we should produce both types of aircraft. After all, the F-35 won't be in full production for at least another seven years. Doesn't prudence dictate that we continue with what we already have, thereby achieving at least something resembling economies of scale?

And isn't it telling that Japan, Israel and other allies strongly prefer the F-22 to the F-35? Critics say that the F-22 fighter has vastly exceeded its cost estimates. Well, so has the F-35. The profound problems the Air Force--and indeed the entire military--has with weapons development and procurement is a separate issue. The need to reform our procurement systems shouldn't stand in the way of developing the weapons we need now and will need in the future.

Administration officials and others take our superiority in the air for granted and thereby conclude we don't need to make big investments on future weapons systems to maintain that superiority. This is a classic mistake. There's a reason that U.S. ground forces haven't suffered a battlefield casualty from hostile aircraft since 1952, during the Korean War. Even in that conflict North Korean and Chinese aircraft were rarely able to attack our ground forces. We should take no chances with this superiority.

And going ahead with the F-22 shouldn't in any way block development and funding of unmanned vehicles, which are becoming more sophisticated and deadly. The world in which we live requires that we have strong military capabilities in all areas--conventional and unconventional.

Real Deal on FDR

New Deal or Raw Deal?: How FDR's Economic Legacy Has Damaged America--by Burton W. Folsom Jr. (Threshold Editions, $27). Following Barack Obama's election victory, Time magazine and others compared Obama with Franklin Roosevelt. The comparison was meant to be highly complimentary; however, it should serve as a serious cautionary note. Contrary to popular myth, FDR's economic policies were a disaster. They prolonged the Depression and made the U.S. an economic laggard compared with other nations during the dreadful 1930s.

Burton Folsom's book hammers home how counterproductive most of Roosevelt's policies were. The League of Nations conducted surveys during this era, comparing the economies of 16 developed countries. Folsom makes searing use of this and other data. In 1929 the U.S. unemployment rate was the lowest in the world. Of the nations surveyed, we ranked number one. Even in 1932--at the pit of the Great Depression, when unemployment in the U.S. reached 25%--we ranked 8 out of those 16 nations. But by 1938, after almost two terms of Roosevelt's destructive programs, unemployment was near 20% and we ranked 13.

Folsom amply documents how FDR's major economic initiatives, such as the National Recovery Administration and the Agricultural Adjustment Act, severely retarded recovery. He convincingly indicts FDR for morally corrupting the office of the President. He shamelessly egged on the Justice Department to prosecute his political opponents. Take Andrew Mellon: To Roosevelt and like-minded others, Mellon symbolized the old regime. Prosecutors told their superiors the case against Mellon was flimsy. Nonetheless, FDR demanded they go ahead and try to destroy Mellon.

The IRS was habitually used for the same purposes. Roosevelt flagrantly used federal recovery programs, which employed millions of people in work relief projects, for blatant partisan purposes. The programs became massive patronage machines. At least in 1939 a disgusted Congress rebelled and enacted legislation barring federal workers from such political activity.

Why is Roosevelt still highly regarded by so many historians? We've been discussing his domestic record, not his war leadership. (To give FDR his due, he foresaw the danger of Nazism and recognized the need to take action against it before most of his countrymen.) The truth is that historians are bewildered by economics; it's an alien subject, even when they study and write about it. Thankfully, Folsom's book and such others as Amity Shlaes' The Forgotten Man and Jim Powell's FDR's Folly: How Roosevelt and His New Deal Prolonged the Great Depression are convincingly setting the record straight.

President Obama should take note: Roosevelt-like stimulus packages and government intervention in the economy are counterproductive. Magician-like, Franklin Roosevelt could win elections despite his miserable economic performance, something Folsom examines in depth. But Roosevelt was one of a kind. If the current economic recovery is sluggish, President Obama and the Democrats will be hit hard at the ballot box.


 
  
 
http://www.heritage.org/research/budget/wm2595.cfm
 

August 25, 2009

New Budget Estimates Show Unsustainable Spending and Debt

by Brian M. Riedl

WebMemo #2595

The Office of Management and Budget has released its annual mid-session review that updates the budget projections from this past May.[1] They show that this year, Washington will spend $30,958 per household, tax $17,576 per household, and borrow $13,392 per household. The federal government will increase spending 22 percent this year to a peacetime-record 26 percent of the gross domestic product (GDP). This spending is not just temporary: President Obama would permanently keep annual spending between $5,000 and $8,000 per household higher than it had been under President George W. Bush.[2]

Driven by this spending, America will run its first ever trillion-dollar budget deficit this year. Even worse, the President's budget would borrow an additional $9 trillion over the next decade, more than doubling the national debt. By 2019, America will be spending nearly $800 billion on net interest to service this large debt.[3]

Bigger Government and Higher Taxes

·                       Since World War II, federal spending has generally remained between 18 and 22 percent of GDP. During the Bush Administration, spending increased from 18 to 21 percent of GDP. This year, President Obama will spend a peacetime-record 26 percent of GDP. Even by 2019, spending would still be 23 percent of GDP--not even counting the President's proposed health plan.

·                       The 22 percent spending increase projected for 2009 represents the largest government expansion since the 1952 height of the Korean War (adjusted for inflation). Federal spending is up 57 percent since 2001.

·                       While the costs of the financial bailouts and economic stimulus bills are staggering, they are only a fraction of the coming costs from Social Security, Medicare, and Medicaid. Over the next decade, the Congressional Budget Office (CBO) projects that each year Medicaid will expand by 7 percent, Medicare by 6 percent, and Social Security by 5 percent. These programs face a 75-year shortfall of $43 trillion--60 times greater than the gross cost of the $700 billion TARP financial bailout.[4]

·                       President Obama claims that "we have already identified $2 trillion in savings over the next decade." This is not true. The President first creates a fantasy baseline that assumes the Iraq surge continues forever (which was never U.S. policy) and then "saves" $1.5 trillion against that baseline by ending the surge as scheduled. It is like a family "saving" $10,000 by first assuming an expensive vacation and then not taking it. Another $1 trillion in "savings" is actually tax increases (in other words, savings for government, not taxpayers).

·                       The President's budget figures exclude his health care plan, which could add another trillion dollars in taxes and spending.

·                       Tax revenues have historically remained between 17 and 19 percent of GDP. This year, the recession has reduced them to 14.7 percent of GDP. The CBO has estimated that once the recession ends, maintaining current tax policies would keep revenues at around 17.6 percent of GDP (slightly below the 18.3 historical average). President Obama's proposed tax increases would push revenues up to 19.2 percent of GDP by 2019 (not counting his proposed tax increases to finance health care reform).

·                       Federal spending per household (adjusted for inflation) remained constant at $21,000 throughout the 1980s and 1990s, before President Bush hiked it to $25,000. In 2009, Washington will spend $30,958 per household--the highest level in American history--and under President Obama's budget, the figure will rise above $33,000 by 2019.

·                       As the budget deficit increases over the next decade, so will net interest spending, from $173 billion (1.2 percent of GDP) in 2009 to a record-level of $774 billion (3.4 percent of GDP) by 2019. In fact, net interest costs will account for 84 percent of the 2019 budget deficit.

·                       President Obama's budget includes $1.4 trillion in tax increases, all of which would go toward new spending rather than deficit reduction.

The 2009 Budget Deficit[5]

·                       Since World War II, the largest budget deficit recorded was 6.0 percent of GDP in 1983. The Bush Administration oversaw budget deficits averaging 2.0 percent of GDP. The projected 2009 budget deficit of 11.2 percent of GDP would nearly double the post-war record. The White House budget proposal would keep the budget deficit above 3.7 percent of GDP indefinitely. It has not reached that level since 1993.

·                       The mid-session review projects a $1,580 billion budget deficit in fiscal year 2009. While this is $261 billion less than the White House projected in May, the entire reduction stems from Congress not following the President's call for another round of TARP (which would have cost $250 billion in outlays), and $101 billion in savings from lower-than-expected deposit insurance costs. Excluding those two variables, the projected budget deficit actually increased.

·                       The 2009 budget deficit will be larger than all budget deficits from 2002 through 2007 combined. More than 43 cents of every dollar Washington spends in 2009 will have been borrowed.

·                       While President Obama claims to have inherited the 2009 budget deficit, it is important to note that the estimated 2009 budget deficit has increased by $400 billion since his inauguration, and the whole point of the "stimulus" was to increase deficit spending to nearly $2 trillion based on the unproven notion that would it alleviate the recession. This suggests that even if the President had not inherited a big deficit, he would have created one as a matter of anti-recessionary policy.

Future Budget Deficits

·                       One would expect the post-recession deficit to revert back to the $150 billion to $350 billion budget deficits that were typical before the recession. Instead, by 2019, the President forecasts a $917 billion budget deficit, a public debt of 77 percent of GDP, and annual net interest spending of $774 billion.

·                       The White House projects $10.6 trillion in new deficits between 2009 and 2019--nearly $80,000 per household in new borrowing.

·                       Since World War II, the public debt has ranged from 23 percent of GDP to 49 percent. Large deficits are estimated to drive the debt ratio to 41 percent in 2008 and 77 percent by 2019--a peacetime record.

·                       The public national debt--$5.8 trillion as of 2008--is projected to double by 2012 and nearly triple by 2019. Thus, America would accumulate more government debt under President Obama than under every President in American history from George Washington to George W. Bush combined.

·                        

·                       The White House brags that it will cut the deficit in half by 2013. The President does not mention that the deficit has nearly quadrupled this year. Merely cutting it half from that bloated level would still leave budget deficits twice as high as under President Bush. Furthermore, three upcoming developments--the end of the recession, the troop pullout in Iraq, and the phase-out of the supposedly temporary "stimulus" spending--would, by themselves, cut the budget deficit in half.

·                       The coming tsunami of Social Security, Medicare, and Medicaid costs are projected to push the federal public debt to 320 percent of GDP by 2050 and over 750 percent by 2083.[6]

·                       The White House underestimates future budget deficits by trillions of dollars by (1) assuming that discretionary spending will be frozen to inflation for the next decade, (2) assuming that cap-and-trade revenues will be available to finance a Make Work Pay credit (the House-passed bill allocates those revenues elsewhere), (3) assuming health care reform will be deficit-neutral, and (4) assuming certain tax increases that are unlikely to be enacted.

·                       The White House also likely overestimates long-term economic growth. Its forecast for real GDP growth in 2010 and 2011 is reasonable but exceedingly optimistic after the economic recovery. The Administration forecast exceeds that of the CBO every year by as much as 0.9 percentage points as late as 2015 and by a cumulative 3.9 percentage points over the 2012-2019 period. In effect, the Administration is assuming a full year's additional growth over those eight years. The effect is to boost revenues significantly in each year and by as much as $160 billion in the 10th year and a cumulative amount of almost $680 billion.

Time to Stop Digging

The new budget spending estimates are alarming and absolutely unsustainable--and are the true cause of these appalling levels of deficit and debt. President Obama has proposed massive tax increases that still cannot keep up with the historic spending increases he has proposed. The result will be highest level of spending--and debt--in American history. Within a decade, Washington would have to spend nearly $800 billion annually just to pay the interest on the national debt.

In this budget context, the President's and Congress's brazen proposals to create a $1 trillion health care entitlement are reckless and unaffordable. Lawmakers should focus on capping federal spending, restraining entitlements, and eliminating wasteful and lower-priority programs.

Brian M. Riedl is Grover M. Hermann Fellow in Federal Budgetary Affairs in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation.



[1]The Congressional Budget Office has also released its annual update, showing 2009 estimates similar to the White House estimates.

[2]Figures adjusted for inflation.

[3]For more, see Brian M. Riedl, "The Obama Budget: Spending, Taxes, and Doubling the National Debt," Heritage Foundation Backgrounder No. 2249, March 16, 2009, at http://www.heritage.org/Research/Budget/bg2249.cfm;
Brian M. Riedl, "Federal Spending by the Numbers 2009," Heritage Foundation Special Report No. 63, July 27, 2009, at http://www.
heritage.org/Research/Budget/sr0063.cfm
.

[4]Brian M. Riedl, "A Guide to Fixing Social Security, Medicare, and Medicaid," Heritage Foundation Backgrounder No. 2114, March 11, 2008, at http://www.heritage.org/Research/Budget/bg2114.cfm.

[5]Unless otherwise noted, all 2009 budget data comes from Office of Management and Budget, "Mid-Session Review: Budget of the U.S. Government: 2010," August 25, 2009, at http://www.whitehouse.gov/omb/
assets/fy2010_msr/10msr.pdf
(August 25, 2009). All pre-2009 budget data comes from Office of Management and Budget, "Budget of the United States Government: 2010 Historical Tables," at http://www.whitehouse.gov/omb/
budget/Historicals/
(August 25, 2009).

[6]Congressional Budget Office "The Long-Term Budget Outlook," June 2009, p. 6, at http://www.cbo.gov/ftpdocs/102xx/doc10297/06-25-LTBO.pdf (August 25, 2009). This represents the alternative fiscal scenario.

 

http://blog.heritage.org/2009/08/26/morning-bell-a-sobering-wake-up-call

Defending mounting job losses despite his administration’s $787 billion stimulus package, Vice President Joe Biden told ABC News George Stephanopoulos last month: “The truth is, we and everyone else misread the economy. The figures we worked off of in January were the consensus figures and most of the blue chip indexes out there.” This is just not true. Yesterday the White House released their Mid-Session Review admitting that President Barack Obama’s policies would force our nation to borrow more than $9 trillion over the next ten years.

Commenting on the gap between the new $9 trillion number and the $7 trillion number the Office of Management and Budget used to sell President Obama’s budget to Congress, the Washington Post reports:

The extra $1.9 trillion in red ink mainly reflects the Office of Management and Budget’s adoption of more realistic — that is, more pessimistic — estimates of economic growth and unemployment. White House officials protest that their original, rosier numbers made sense at the time; actually, plenty of forecasters, including those at the nonpartisan Congressional Budget Office, made more accurate calls. This situation was foreseeable and should have been acknowledged earlier.

While it is good that the Obama administration is finally admitting that the fundamental assumptions driving their economic policy were wrong, the reality of our current budget deficit, and what President Obama’s policies threaten to do to our national debt over the next decade, are truly sobering. Heritage senior policy analyst Brian Riedl details the carnage:

  • Since World War II, the largest budget deficit recorded was 6.0 percent of GDP in 1983. The Bush Administration oversaw budget deficits averaging 2.0 percent of GDP. The projected 2009 budget deficit of 11.2 percent of GDP would nearly double the post-war record.
  • The 2009 budget deficit will be larger than all budget deficits from 2002 through 2007 combined. More than 43 cents of every dollar Washington spends in 2009 will have been borrowed.
  • While President Obama claims to have inherited the 2009 budget deficit, it is important to note that the estimated 2009 budget deficit has increased by $400 billion since his inauguration, and the whole point of the “stimulus” was to increase deficit spending to nearly $2 trillion based on the unproven notion that would it alleviate the recession.
  • The 22 percent spending increase projected for 2009 represents the largest government expansion since the 1952 height of the Korean War (adjusted for inflation). Federal spending is up 57 percent since 2001.
  • In 2009, Washington will spend $30,958 per household–the highest level in American history–and under President Obama’s budget, the figure will rise above $33,000 by 2019.
  • The White House brags that it will cut the deficit in half by 2013. The President does not mention that the deficit has nearly quadrupled this year. Merely cutting it in half from that bloated level would still leave budget deficits twice as high as under President Bush.
  • The public national debt–$5.8 trillion as of 2008–is projected to double by 2012 and nearly triple by 2019. Thus, America would accumulate more government debt under President Obama than under every President in American history from George Washington to George W. Bush combined.

 

 

 

And now for the real kicker: none of these numbers include the costs of Obamacare which would create another $1.5 trillion health care entitlement on top of our existing unsustainable entitlement obligations. The OMB’s Mid-Session Review should serve as a wake up call to the American people. President Obama’s policies are leading us down a path of unsustainable spending and borrowing.

There is another choice. Not all future spending is inevitable. In the 1980s and 1990s, Washington consistently spent $21,000 per household (adjusted for inflation). Simply returning to that level would balance the budget by 2012 without any tax hikes. Alternatively, returning to the $25,000 per household level (adjusted for inflation) that Washington spent before the current recession would likely balance the budget by 2019 without any tax hikes. So with very little sacrifice, and no new taxes, the government could get its budget under control and the American economy could get fully back on track in three years.  Isn’t that worth considering?

 

 http://blog.heritage.org/2009/08/25/morning-bell-the-lefts-war-on-the-cia

 

In June of 2008, while campaigning for the election of President Barack Obama, Attorney General Eric Holder promised the leftist American Constitutional Society: “We owe the American people a reckoning.” Yesterday, Holder escalated his “reckoning” campaign by appointing a prosecutor to re-investigate nearly a dozen CIA interrogators and contractors alleged to have abused detainees in 2002 and 2003. This is nothing more than an all out war on the CIA by the left at a time when the President desperately needs to shore up trust with his base in the face of his declining poll numbers.

Already the White House is at pains to create the perception of distance between Holder’s announcement and President Obama’s wishes. Deputy press secretary Bill Burton told reporters from Martha’s Vineyard yesterday: “ultimately, the decisions on who is investigated and who is prosecuted are up to the attorney general. . . . The president thinks that Eric Holder, who he appointed as a very independent attorney general, should make those decisions.” But make no mistake. Holder works for Obama. Holder’s priorities are by definition Obama’s priorities. And the facts make it clear that this “new” investigation is nothing more than a political witch hunt:

No New Information: Depending on where you get your news you may hear today that Holder’s decision is based on “new details” about the CIA interrogation program. This is false. While the release of the 2004 CIA inspector general report has exposed some new information to the public, Holder read the report months ago. Both the Department of Justice and the leadership of the Congressional intelligence committees have had the full report since 2004, and the full committees have had the report since 2006. The only thing that has changed since both DOJ and Congress received the full report is the 2008 presidential election.

Career Justice Lawyers Already Investigated: Not only has the Department of Justice been in possession of CIA IG report since 2004, but the DOJ’s career, not political, prosecutors have already examined that document and other incidents from Iraq and Afghanistan for legal accountability. CIA Director, and former President Clinton Chief of Staff, Leon Panetta assured CIA employees yesterday that the DOJ’s career prosecutors “worked carefully and thoroughly, sometimes taking years to decide if prosecution was warranted or not. In one case, the Department obtained a criminal conviction of a CIA contractor. In other instances, after Justice chose not to pursue action in court, the Agency took disciplinary steps of its own.”

Program Worked: From the 2004 CIA IG report: “The detention of terrorists has prevented them from engaging in further terrorist activity, and their interrogation has provided intelligence that has enabled the identification and apprehension of other terrorists, warned of terrorists plots planned for the United States and around the world, and supported articles frequently used in the finished intelligence publications for senior policymakers and war fighters. In this regard, there is no doubt that the Program has been effective.”

A Politically Motivated Re-Investigation Can Only Harm National Security: In yesterday’s Washington Post, CIA General Counsel under the Clinton administration Jeffrey Smith explains how Holder’s reopened investigation harms our national security: “Prosecutions would set the dangerous precedent that criminal law can be used to settle policy differences at the expense of career officers. … Prosecuting CIA officers risks chilling current intelligence operations. … their colleagues will become reluctant to take risks. What confidence will they have when their senior officers say not to worry, “this has been authorized by the president and approved by Justice”? … Prosecutions could deter cooperation with other nations. It is critical that we have the close cooperation of intelligence services around the world. … The key to this cooperation is the ability of the United States to be a reliable partner and keep secrets. Prosecuting CIA officers undermines that essential element of successful intelligence liaison.”

New Interrogation Guidelines Inadequate To Protect Nation: Yesterday the Obama administration also announced that their own new program for future interrogations would be controlled by the Army Field Manual. A senior administration official tells Politico, “The practices and techniques within the Army Field Manual are currently used by law enforcement and provide adequate and effective means of conducting such interrogations.” This is just not true. Across the country law enforcement official are allowed to lie to witnesses all the time in order to extract a confession. Under the Obama administration’s new guidelines we could only tell al Qaeda the truth.

It is no accident that the United States has been free of al Qaeda attack since 9/11. The CIA played a vital role in that accomplishment. President Obama has repeatedly assured the American people he wants to “look forward, not back” on CIA interrogations. It is time he lived up to this promise.

 

http://www.heritage.org/Research/LegalIssues/wm2588.cfm

 

A CIA Special Prosecutor: A Wolf in Wolf's Clothing

by Todd F. Gaziano and Robert Alt

WebMemo #2588

Given President Obama's stated desire to look forward, not backward, with respect to interrogation policy and practice, news reports that Attorney General Holder is seriously considering appointing a special prosecutor to determine whether criminal charges should be brought against some CIA interrogators raise a host of questions and concerns. But the answer to the most important question--whether Holder should appoint a special prosecutor--is not even debatable: Holder most definitely should not appoint a special prosecutor, even assuming a criminal investigation is warranted.

 

Special Prosecutor: The Wrong Choice

 

Assuming there are grounds to investigate whether individual CIA interrogators exceeded the scope of their instructions and legal guidance, there are several reasons why the appointment of a "special prosecutor" with power to bring criminal charges is the wrong means to investigate, prosecute, or bring about policy changes.

 

First, the activities of a special prosecutor are likely to be duplicative of congressional and potential criminal investigations already in progress--and this is particularly true if the goal is investigation and fact-finding. For example, former Attorney General Michael Mukasey ordered an investigation into the destruction of videotapes of CIA interrogations of a handful of high value detainees, an investigation that is still being undertaken by veteran federal prosecutor John Durham. Additionally, the Senate Select Committee on Intelligence is conducting a wide-ranging investigation into all aspects of the CIA's interrogation and detention program.

 

There is every reason to expect that a non-criminal, congressional investigation (that granted immunity from prosecution) would uncover more information--even if it were a classified investigation. If the purpose of such an investigation were to really uncover facts on which to base future policy, this would be the obvious choice. Of course, there is always the danger that such an inquiry, conducted by politicians, would itself devolve into a political quagmire. But judging from publicly available information, the investigation currently being conducted by the Senate Select Committee on Intelligence, which set out to study the CIA's detention and interrogation program, suggests that such an inquiry can be conducted in a fair manner, all the while protecting sensitive national security matters. The only "disadvantage" to the Senate Committee, or any other congressional committee, providing adequate safeguards to protect means, methods, and other classified materials is that the bloodthirsty partisans most likely would not have scalps to dangle before the mob.

 

The duplication of efforts raises issues beyond the non-trivial expenditure of money and prosecutorial time. Both of the pending investigations require the CIA to cooperate with the inquiries and have necessarily caused disruptions to the ability of the intelligence community to carry out its lawful mission. Any additional investigation must take into account the costs--both to the public fisc and to scarce intelligence resources--in conducting a sweeping investigation. Prosecutors answerable directly to the Attorney General are usually more restrained in their activities than independent prosecutors, who operate with built-in incentives to extend investigations with less concern as to legitimate government interests in, for example, privilege and to spend whatever resources necessary to bring about some prosecution and thereby justify their positions. By contrast, the Attorney General, who coordinates with the intelligence agencies about current intelligence gathering operations, is in a better position to assess claims and make decisions regarding the negative impact of an investigation on current and future operations and has to balance the resource allocation associated with this one prosecution against other departmental priorities. The Attorney General's supervision is therefore a requisite check to assure that the government's interests--not just in terms of the investigation and resource allocation but in continued intelligence operations--are vindicated.

 

"This Wolf Comes as a Wolf"

 

Second, there is no good reason why the Holder Justice Department could not conduct the investigation at Main Justice with senior prosecutors who report to him through the normal chain of command. The ordinary justifications for utilizing a special prosecutor--that an investigation would be or would have the appearance of being compromised by virtue of the targets of the investigation holding critical offices in the Administration or that there is a substantial conflict of interest--simply do not apply to the current investigation of acts committed in a prior Administration. Although Holder might try to argue that an investigation of prior Administration practices would raise issues of bias, such a theory is undermined by the fact that reports of the potential investigation suggest that it would evaluate individual, front-line CIA interrogators as to whether they exceeded the official policy of the prior Administration. Any conflict claims therefore seem tenuous at best.

 

The opposite concern is far greater as Justice Antonin Scalia prophetically warned in his dissent in Morrison v. Olson (1988). In questioning the constitutionality of the former (now expired) independent counsel law, he wryly observed that some questionable practices "come before the Court clad, so to speak, in sheep's clothing." The practice of appointing independent counsels was not such an instance: "This wolf comes as a wolf."

 

Although the "independent counsels" under the expired statute were admittedly worse than special counsels in constitutional dimensions, Scalia's dissent is worth careful review because the dangers of insulating prosecutors from the Attorney General's control are strikingly similar. His dissent is a chilling reminder of how such an Ahab-like prosecutor has none of the institutional constraints or perspective of a normal prosecutor and all the wrong incentives to become the instruments of tyranny. That some independent counsel exercised proper control is much more a testament of their restraint and is the exception that proves the rule.

 

Highly Sensitive Information at Stake

 

Third, before commencing any criminal investigation, the Department of Justice (DOJ) must give due consideration to any and all inevitable defenses that are likely to be asserted by individuals involved in the CIA interrogation and detention program. CIA interrogators are likely to raise certain defenses or seek the introduction of certain evidence that may require the government to consider invoking the States Secret doctrine or executive privilege. For example, it is difficult to demonstrate that an action transgressed applicable policies and orders without knowing what those very specific policies and orders are. In addition to the instructions and legal standards that the government will assert existed, the defendant may seek wide-ranging discovery to prove that other orders, instructions, or legal standards existed that somehow re-defined or countermanded those that the government asserts were controlling.

 

The collection and introduction of this evidence raises serious questions about whether and how the government should reveal this highly sensitive information. The questions of how to safeguard classified intelligence information is one that the Attorney General will have to make, and therefore it is better that any investigation, if warranted, be carried out by those more directly accountable to him. This also has the virtue of assuring that decisions made have an element of political accountability--the President and the Attorney General should not be able to pass the buck on these sensitive questions, claiming that the scope and course of the investigation are somehow governed by a non-politically accountable special prosecutor.

 

A Partisan Pandora's Box

 

Fourth, there are prudential concerns that arise if the investigation turns into or is perceived in the intelligence services as constituting a "witch hunt." This would have corrosive effects on the morale and willingness of front-line interrogators and other intelligence officers to serve in the future--effects that President Obama tried to avoid when he spoke at CIA headquarters last spring, when he seemed to indicate that he would protect those who conducted the interrogations from post-hoc investigations. These are serious issues that would extend to agencies beyond the CIA and should be considered again in more detail.

 

It is also important to briefly note the legitimate concerns by both liberals and conservatives that the criminalization of policy differences that such investigation heralds will further inflame partisan battle lines and prevent progress on a host of issues, including the conduct of the current wars and the detention and trials of unprivileged belligerents. President Obama's senior advisers, who themselves will one day be former Administration officials, have reason to share this concern even if the hard-core, anti-war left agitates continuously to see former military and CIA officials in prison jumpsuits.

 

Yet some partisans in DOJ may cynically see the "special prosecutor" or a similar appointment as a means of having it both ways: in short, a way to please the anti-war base while sparing the Administration the consequences of doing so. The opposite is more likely. Such an appointment would have the negative consequences reasonable people fear, and the blame would also fall on the Administration for inflaming partisan infighting and damage to current and future Obama Administration officers and employees. The only difference would be that it would be much harder for the Obama Justice Department to contain the damage once a special prosecutor process is set in motion.

 

A Narrow and Focused Investigation

 

Any criminal investigation of individuals associated with the CIA detention and interrogation program must be conducted in a politically accountable, transparent fashion. The Attorney General must be the one who personally authorizes any criminal investigation and subsequent trial. He, with the President, must also bear the responsibility for any direct or collateral results of such an investigation. Additionally, the Attorney General should be directly responsible for any negative impact such an investigation and trial will have on the intelligence community and the willingness of that community to carry out all lawful acts in support of America's defense.

 

If the Attorney General decides, in the exercise of sound prosecutorial discretion and with due concern for legitimate, national security concerns, that a criminal investigation is warranted, he should reject the appointment of a "special prosecutor." History has shown that special prosecutors are unaccountable and often widen the scope of their initial charge well past that contemplated by anyone. Rather, the Attorney General should appoint an experienced career prosecutor currently working for the DOJ who will report directly to the Attorney General at all critical stages of the investigation and whose scope of investigation is narrow and carefully focused.

 

 

 

The Swine Flu Hoax
Exposed. Article by Andrew Bosworth.

 

Economic Armageddon
Here we come, says Martin Nemko.

 

Economic Armageddon, Here We Come

by Marty Nemko
by Marty Nemko

Obama administration admitted today that the federal debt will, over the next decade, grow wildly larger than it had previously said – so much for a recovery. Now the estimate is $9 trillion!

And that doesn't count the $1.0 to $1.6 trillion Congress is contemplating spending on ObamaCare.

Nor does it count the massive additional new spending Obama has promised; for example, legalizing the 13–20 million illegals, who will thereby become eligible for ObamaCare, increasing the debt further.

And Obama is considering "Stimulus" 2. For our trillion dollars, "Stimulus" 1 has resulted in increasing unemployment and increasing debt, yet he contemplates Son of Stimulus.

China owns ever more of America and the U.S. is becoming ever less creditworthy. The amount we have to pay just in interest, is approaching the total budget for national defense!

And federal spending is accelerating?! Will we, not to mention, our children, and grandchildren, suffer profoundly from our profligacy?

Government programs (yes, Republican-initiated programs, for example, the Bush bailouts and the Iraq War, are equally at fault) are usually terribly inefficient. Think Amtrak, the Postal "Service," the public schools, the nearly bankrupt Social Security and Medicare, the Bailouts, $75 hammers, the Bridge to Nowhere.

Many government programs are actually negative in effect. Consider, for example, Cash for Clunkers: dangling taxpayer dollars in front of people poor enough to own bad-gas-mileage clunkers so they can go deeply in debt to buy a new car (80% of which have been foreign, by the way). And of course, dumping all those cars and their toxic components and fluids into landfills is an environmental disaster. Plus, car dealers are screaming that they have laid out the $4,500 per car to customers and often have not yet been paid by the government, thereby killing their cash flow, a business's lifeblood. The government can't even write a promised check in a timely manner and they want to run a "public option" health care system?

An individual and especially a nation in debt is at-risk. A nation that has assumed unprecedentedly, incomprehensibly mammoth debt is doomed. Even Keynes did not imagine this magnitude of government spending. To pay for its metastasizing number and scope of programs and interest on its soon-to-be $9 trillion debt, the government will, unchecked, continue to raise taxes and print ever more money, thereby decreasing the value of our life's savings and purchasing power.

As a result, American workers will likely end up joining most of the world's workers in earning a net $1 an hour. According to the Center for Fiscal Responsibility, we already work into August just to meet all the costs imposed by government. Does anyone really think we get fair value for the government's taking over half our money from us each year?

Our only hope is for us to demand that the government return most of our tax dollars to us and for government to live within its then more modest means: scale down so it can balance its budget and pay down its debt. Anything else leads us to economic Armageddon.

 

 

http://www.marklevinshow.com/Article.asp?id=1471471&spid=32345

August 25, 2009

 

On Tuesday's Mark Levin Show: Why are we being told to just stand back and be respectful when the politicians are trying to bankrupt our country, appointing far left judges and destroying our Constitution? They are taking the decisions away from you, and ultimately want to tell you what you can and can't do. If Congress and the Obama Administration can't even create wealth, profit, or jobs - why would we let them have control over our whole entire healthcare system? Also, Mark talks about Nancy Pelosi and the CIA investigations regarding Gitmo. By calling for special prosecutors, they are putting you and the rest of us at risk because they are destroying our intelligence capability.
 

Obama Has a Friend in Castro

Tuesday, August 25th, 2009

Obama Has a Friend in Castro Castro supports Obama's domestic agenda
 

Obama Plays Dangerous Political Game with Our National Security

 

With health care dying, Obama declares war on the CIA.

 

 

Cheney: Statement on CIA Investigation
Ajami: Obama's Summer of Discontent
NYT: Guantanamo Detainee Released
AP: WH Projects Bigger Deficits, Debt
Feingold: No Obamacare Before Christmas

McCain Throws Lifeline to Obama

 

Let the Democrats sink, Senator! Don't help them!

 
 

It's Disconcerting: Obama Rallies His Base by Weakening America

 

It's not pleasant to have to say these things, folks.


 

EIB Think Piece: ObamaFood

 

Analogy: Imagine depending on government for food.

 

Obama Wants You in Crisis Mode

 

Sinking economy, killer swine flu, whatever it takes.


 

There's Angst Across America

 

Americans are not happy with what they're seeing.


 
 

Obama '07: I'll Probe Bush, CIA

 

Back to the archives for some incriminating audio.
 
 

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