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WSJ: ObamaCare a Big Con, Full of Budget Gimmicks

The President's bill is 2,000 pages of bureaucratic gobbledygook that can never be paid for and is only being sold through some clever budget gimmicks. I strongly suggest you read Rep. Paul Ryan's telling remarks and the WSJ piece below. How do we pay for a new massive entitlement 1/6th the size of our entire economy when we can not even pay for the entitlement... read more

Amplifyd from online.wsj.com

Mr. Obama’s fiscal assertions are possible only because of the fraudulent accounting and budget gimmicks that Democrats spent months calibrating. Readers can find the gory details in Mr. Ryan’s pre-emptive rebuttal nearby, though one of the most egregious deceptions is that the bill counts 10 years of taxes but only six years of spending.

Read more at online.wsj.com
 

Debt Consequences “Unimaginable”

Politicians will be hard pressed to cut services or benefits because it would be politically unpopular. What will happen is the government will start printing more money to cover its massive debt and spending, and then all the money people managed to put aside for their retirement will be worth only a fraction of what they thought. Over half the federal budget ... read more

Amplifyd from abcnews.go.com

“Within 12 years…the largest item in the federal budget will be interest payments on the national debt,” said former U.S. Comptroller General David Walker. “[They are] payments for which we get nothing.”

But now the problem of mounting national debt is worse than it ever has been before with — potentially dire consequences for taxpayers, according to a report by the nonpartisan Peterson-Pew Commission on Budget Reform.

Economists Predict Cutbacks, Tax Increases That ‘Aren’t Even Imaginable’

Read more at abcnews.go.com
 

Report: Census Wasting Millions

I have always said, the most wasteful, inefficient thing you can do with money is turn it over to the federal government to spend. It appears the Census Bureau is no different than the rest of the federal government.

Amplifyd from finance.yahoo.com
The Census Bureau wasted millions of dollars in preparation for its 2010 population count, including thousands of temporary employees who picked up $300 checks without performing work and others who overbilled for travel costsRead more at finance.yahoo.com
 

$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
 

Debt Limit Rises

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
 

U.S. Official Resigns Over Afghan War

Matthew P. Hoh's resignation letter linked in the article is worth a read. This is from page three: "We are mortgaging our nation’s economy on a war, which, even with increased commitment, will remain a draw for years to come. Success and victory, whatever they may be, will be realized not in years, after billions more spent, but in decades and generations. ... read more

Amplifyd from www.washingtonpost.com
When Matthew Hoh joined the Foreign Service early this year, he was exactly the kind of smart civil-military hybrid the administration was looking for to help expand its development efforts in Afghanistan.

A former Marine Corps captain with combat experience in Iraq, Hoh had also served in uniform at the Pentagon, and as a civilian in Iraq and at the State Department. By July, he was the senior U.S. civilian in Zabul province, a Taliban hotbed.

But last month, in a move that has sent ripples all the way to the White House, Hoh, 36, became the first U.S. official known to resign in protest over the Afghan war, which he had come to believe simply fueled the insurgency.

Read more at www.washingtonpost.com