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Recession Chugs on, Except in Government

among the few sectors of the economy showing net employment growth over the past year is the federal government. The federal civil service is rapidly expanding as Obama increases the size of government, with 33,000 new positions being added in January alone. Only 9,000 of those new slots were for temporary census jobs. In other words, what we are seeing is good times for the public sector and the growing prospect of a continuing and perhaps even deepening recession for everybody else.
the drop to 9.7 percent unemployment does not reflect the creation of new jobs that normally accompanies an economic recovery. The number of new jobs is actually declining.Read more at www.washingtonexaminer.com
 
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Posted by Rep. John J. Duncan, Jr.  1 day ago

$6,000 of More Debt for Every American

Amplifyd from www.nytimes.com
The House voted Thursday to allow the government to go $1.9 trillion deeper in debt, an increase of about $6,000 for every United States resident.
The accumulated debt already amounts to roughly $40,000 per person.
The debt increase, approved 217 to 212, is only enough to keep the government afloat for about another year as it borrows more than 40 cents of every dollar it spends.
Thirty-seven Democrats, mostly from Republican-leaning districts, voted against the measure. So did all RepublicansRead more at www.nytimes.com
 
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Posted by Rep. John J. Duncan, Jr.  4 days ago

Largest-ever Federal Payroll

Rep. John J. Duncan, Jr. says:

The average federal employee now makes $31,000 a year more than the average private sector employee. From a recent USA Today article: “Federal workers are enjoying an extraordinary boom time – in pay and hiring – during a recession that has cost 7.3 million jobs in the private sector.”

Amplifyd from washingtontimes.com

The era of big government has returned with a vengeance, in the form of the largest federal work force in modern history.

Read more at washingtontimes.com
 
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Posted by Rep. John J. Duncan, Jr.  7 days ago

Duncan Presses Geithner on Executive Bonuses

Amplifyd from www.nytimes.com

“You asked exactly the right question,” Mr. Geithner said after John J. Duncan Jr., Republican of Tennessee, said it had appeared to him that the Federal Reserve was “sowing the seeds of another crisis, another bubble-burst cycle,” and wondered whether executive bonuses should be reined in.

Mr. Geithner said that in any financial crisis, policy makers are faced with a “tragic choice” between doing nothing and allowing innocent people to be hurt, or bailing out financial institutions.

“The moral, fair and just choice is to protect the innocent,” he said, clearly pleased that Mr. Duncan had asked the question. “But by definition, that sets the stage and sows the seeds of a future crisis.” He referred several times to this “tragic choice,” and said A.I.G. was a perfect example of it.

“That was a good answer, but what about the bonuses?” Mr. Duncan asked.

Read more at www.nytimes.com
 
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Posted by Rep. John J. Duncan, Jr.  11 days ago

Stimulus Keeps on Taking

Amplifyd from www.washingtontimes.com

The cost of President Obama’s stimulus plan has jumped another $75 billion, the Congressional Budget Office said Tuesday, and part of the reason is more people are getting unemployment benefits because they’ve lost jobs the bill was supposed to preserve.

Read more at www.washingtontimes.com
 
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Posted by Rep. John J. Duncan, Jr.  13 days ago

Environmental Lunacy

Rep. John J. Duncan, Jr. says:

This is an opinion piece written by Michael Barone in July 2008. It was printed many places, including the Washington Times where I read it. I clipped the piece out of the paper and saved it in a drawer, where I recently rediscovered it. It think it rings just as true today as it did when I first read it in 2008. It is linked below from Real Clear Politics.

Amplifyd from www.realclearpolitics.com
lobbyists and litigators for environmental restriction groups have produced energy policies that I suspect future generations will regard as lunatic. We haven’t built a new nuclear plant for some 30 years, since a Jane Fonda movie exaggerated their dangers. We have allowed states to ban oil drilling on the outer continental shelf, prompted by the failure of 40- or 50-year-old technology in Santa Barbara, Calif., in 1969, though current technology is much better, as shown by the lack of oil spills in the waters off Louisiana and Mississippi during Hurricane Katrina. Read more at www.realclearpolitics.com
 
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Posted by Rep. John J. Duncan, Jr.  14 days ago

U.S. Economic Freedom Falling

Rep. John J. Duncan, Jr. says:

A private-sector business that continually wastes money will soon go out of business, with the exception of a few very large, well-connected federal contractors. The free market (capitalism) forces people and companies to work hard, waste little, and continually improve – pressures that are not present in government agencies. Thus, the best way to create jobs... read more

Amplifyd from www.breitbart.com
Canada pushed the US from the top seven economies deemed to have an entirely free economy due to “notable decreases in financial freedom, monetary freedom, and property rights,” the report said.

“The US government?s interventionist responses to the financial and economic crisis that began in 2008 have significantly undermined economic freedom and long-term prospects for economic growth,” the report said.

Read more at www.breitbart.com
 
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Posted by Rep. John J. Duncan, Jr.  19 days ago

Former Military Top Brass Double Dipping, Making Big Bucks

Amplifyd from www.usatoday.com
As Durango associates, the retired officers are paid to help private companies win and administer Pentagon contracts.
As mentors, the retirees are paid by the military to help run war games, which also gives them access to classified strategies and weapons systems.
Along with their work for Durango and the military, these retired officers, mostly from the Air Force, are paid advisers, consultants and corporate directors on the boards of at least 20 companies

That kind of overlap is not illegal. But some analysts say it should be.

“That is an amazing conflict of interest,” said Craig Holman of the non-partisan watchdog group Public Citizen. “They are working for two masters. Are they pursuing the public interest, or are they pursuing the contractors’ interests? … The conflict of interest law ought to be expanded to cover this.”

Read more at www.usatoday.com
 
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Posted by Rep. John J. Duncan, Jr.  27 days ago

Health Bill Unconstitutional

Amplifyd from online.wsj.com
President Obama’s health-care bill is now moving toward final passage. The policy issues may be coming to an end, but the legal issues are certain to continue because key provisions of this dangerous legislation are unconstitutional.
Congress must be able to point to at least one of its powers listed in the Constitution as the basis of any legislation it passes.
It is one thing, however, for Congress to regulate economic activity in which individuals choose to engage; it is another to require that individuals engage in such activity. That is not a difference in degree, but instead a difference in kind. It is a line that Congress has never crossed and the courts have never sanctioned. Read more at online.wsj.com
 
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Posted by Rep. John J. Duncan, Jr.  1 month ago

Debt Limit Rises

Rep. John J. Duncan, Jr. says:

Our real National debt - when you factor in future unfunded pension liabilities - is over $50 trillion. That’s around $200,000 for every man, woman, and child.

Amplifyd from www.cbsnews.com
The Debt Limit has been raised about a hundred times since 1940, when it was $49 billion - about five days worth of federal spending now.
Read more at www.cbsnews.com
 
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Posted by Rep. John J. Duncan, Jr.  1 month ago