The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president.
That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation’s existence–from 1776 through 2003.
The total federal debt first passed the $7-trillion mark on Jan. 15, 2004, after President George W. Bush had been in office almost three years.
Category Archives: “Stimulus”
With even liberal reporters scratching their heads over Reid’s outlandish accusations, one assumes many Democrats are as well. Voters expect politicians to shade the truth, but at this point the cartoonish conspiracy mongering only harms the party’s credibility. These are the rants of an addled old man hollering from his porch.
Reid’s highly paid staff couldn’t have written that the Kochs “are one of the main causes of [climate change]. Not a cause, one of the main causes.” The Majority Leader is obviously wandering off script, thinking he is helping his argument. At what point do Democrats and Reid’s constituents begin to worry about the Senate Leader’s mental health?
For those wondering if I’m being serious, a quick exit question:
Imagine that the Majority Leader’s office announced tomorrow that Harry Reid had been diagnosed with early-stage dementia. What would your first reaction be?
A) “That can’t be!”
B) “Oh, that explains it.”
Despite a disastrous year for defunct car-charging company Ecotality, which went bankrupt only a few years after winning a $100 million federal grant, two high-level employees soon stand to receive hefty retention bonus payments even though the company has no future.
Company lawyers say they need to pay the bonuses to make sure the two stick around during the dim final days as the company finalizes the transfer of its assets. A federal bankruptcy court in Arizona approved the bonus plan despite objections from creditors and government lawyers — though the judge capped the total at the $125,000 sought by the company.
In the first place, when Obama took office the Democrats controlled the House and had a veto-proof majority in the Senate. They could do anything they wanted, and they did. Without permitting any input whatever from Republicans, Obama and the Congressional Democrats enacted the epically wasteful and ineffective trillion-dollar “stimulus,” rammed Obamacare through Congress, and ran up unprecedented deficits. The idea that they were somehow stymied in any of this by Republicans is absurd.
More broadly, is it really Matthews’s view that whenever a new president is elected, the opposition party should abandon its principles and endorse that president’s policies, whether it agrees with them or not? Is that what the Democrats did when Ronald Reagan took office? Or George W. Bush? Do you remember Chris Matthews, or anyone else, urging Tom Daschle and Dick Gephardt to abandon their opposition to Republican principles in 2001 and unanimously affirm President Bush’s legislative proposals? Just kidding.
Matthews’s tirade may have been crazy, but it wasn’t random. On the contrary, it reveals what he really thinks: that Barack Obama isn’t just an ordinary president, entitled to the ordinary level of deference–which is to say, little or none. Rather, Matthews believes that solely because of the color of Obama’s skin, his election was a historical event akin to the end of apartheid in South Africa. Further, he thinks that Obama’s skin color, and nothing more, created a duty on the part of everyone–especially Republicans–to ignore all philosophical principles and all considerations of public policy, and to cheer Obama on, regardless of what he might do. This is the import of Matthews’s praising DeKelk for being “willing to see [South Africa] transformed to black rule.”
Amazon’s drive for global domination took on a new dimension this morning, when it was revealed that the world’s largest online retailer now owns a day of the week.
In Los Angeles and New York, Amazon Prime customers can now get orders delivered on Sunday by the U.S. Postal Service. The company says it plans to roll out the Sunday option much more widely in 2014, with Dallas, Houston, New Orleans, and Phoenix among the cities next on the list.
For Amazon, Sunday delivery must feel long past due. Delivering products is Amazon’s core business. Imagine Google not being able to offer search on Sunday, or Apple closing the App Store one day a week, or Walmart closing all its stores. How maddening it must be for a company bent on giving people what they want when they want it to not to be able to follow through a full one-seventh of the year.
But in a country where the laws of retail commerce have long since trumped religious custom on Sundays, shipping has remained a stubborn holdout. It’s extra surprising that the organization to finally break that tradition would be a lumbering federal agency rather than a private company — especially since the Postal Service has been talking about cutting rather than expanding the number of days it delivers. Yet if any company could get mail carriers out on the streets an extra day, it’s Amazon.
CGI Federal Inc., the mastermind behind healthcare.gov, is assisting the U.S. Department of Housing and Urban Development (HUD) in the distribution of $1.7 billion in relief for Hurricane Sandy.
In a memo obtained by FreedomWorks titled, “Minutes of the 295th meeting of the members of the Housing Trust Fund Corporation held on May 9, 2013, at 8:30 a.m.,” CGI Federal is tasked with implementing the Disaster Housing Assistance Program. Additionally, they are asked to aid in the implementation of the Community Development Block Grant Disaster Recovery Program, an assistance program that had recently obtained $1.7 billion.
Item five of the meeting agenda reads:
Mr. Nelson presented that the State received a $1.7 billion allocation in CDBG Disaster Recovery aid from HUD to aid impacted businesses and residences. He stated that the State’s Action Plan was approved on April 26, 2013 and HTFC is currently in a phase of implementing the program. He stated that in this phase, the corporation needs to stand-up its recovery programs as soon as possible to deliver critical resources, and in order to do so, the corporation requires immediate access to consultant services to assist in policy and procedure development, training, surge capacity, and call center assistance, and stated that CGI Federal Inc. could provide such services.
The resolution was passed and scheduled to “take effect immediately.”
The Associated Press revealed Tuesday that a mere $700 million of the $60 billion federal aid package – 1.2 percent of the total funds – has been given to victims of super storm Sandy.
Nearly a year after the devastating storm, a majority of the 24,000 families that have requested monetary assistance have yet to receive a penny from the federal aid package.
Sen. John Barrasso gives the Weekly Republican Party Remarks
Hi. I’m Dr. John Barrasso, United States Senator for Wyoming.
As a doctor who took care of patients for 25 years, I saw the problems with America’s health care system every day. (Scroll down for video of these full remarks.)
There’s no question we needed real reform — reform so that people could get the care they needed, at lower cost.
Americans now know that’s not what President Obama’s health care law delivered.
What we got is higher taxes and bigger government, without the lower costs or quality care.
The so-called Affordable Care Act is hurting middle class families — their wages, their jobs and their health care.
On October first — less than a month from today — America will hit the deadline on one of the most critical and controversial parts of the Obama health care law.That’s when the government insurance exchanges go into effect.
Whether the exchanges are ready or not, millions of families will have to start arranging to buy their Washington-mandated health insurance.
Many families are going to have real sticker shock when they see their new insurance rates — even families who get government subsidies.
President Obama promised that his health care plan would reduce annual insurance premiums by $2,500 a family by the end of his first term.
That has not happened.
MyFoxDetroit first aired the footage of the Chrysler workers in September 2010. Video showed them in a park during the work day, drinking alcohol from bottles covered in brown paper bags and smoking what appeared to be marijuana.
With the auto giant having recently received a federal taxpayer bailout, and President Obama having visited the plant where the employees worked just months earlier, Chrysler appeared to take a zero-tolerance attitude. The company fired 13 workers, and suspended two.
But MyFoxDetroit reports that following a union-backed arbitration process, the employees were reinstated. This week, they came back to work.
Chrysler said in a statement that it does not support the decision to bring back the workers but would like to move on.
Food-stamp enrollment skyrocketing
Jobless claims jumping
Inflation creeping up
Coal plants closing
Small banks disappearing
Want some cheese with that whine?
Yesterday was apparently National Dance For Obama Day. In Manhattan it attracted all of twelve dancers . Of course, New York has been devastated by Hurricane Bloomberg, but the attendance in undevastated cities was not much better. Still, I was sorry to miss it, having spent the last six weeks working on my interpretative dance of the Benghazi attack including an extended seven-hour coolly sensuous samba of the President deciding not to decide to do anything.
By the way, for any members of the Obama Youth Dancers reading this, tomorrow is National Hokey-Pokey For The National Debt Day. Timmy Geithner will put a US Treasury Bond in, Ben Bernanke will put it out, and unionized pom-pom heavies from the SEIU will shake it all about. Meet outside the Federal Reserve, 11am.