Foxnews.com
Economists and conservatives say President Obama's massive $3.55 trillion budget leaves little room for error, and it will be very hard for him to meet his tandem goals of cutting the deficit and sheltering middle-class families from tax increases.
Obama, who released details of his budget for fiscal 2010 on Thursday, said he foresees halving the deficit by 2013. But his budget calls for a $634 billion "reserve fund" to cover the costs of universal health care coverage over 10 years, as well as $200 billion for the wars in Iraq and Afghanistan through next fall and another contingency fund for the sickly financial sector on top of the $787 billion stimulus bill that he signed last week.
With all these expenditures, many are saying they doubt Obama can reach his deficit goal while keeping his pledge to raise taxes only on couples making more than $250,000 a year.
"He's going to have to start moving down the scale and raising taxes on people making $150,000, people making $100,000 and even people making $75,000," said economist Adam Lerrick, a scholar at the conservative American Enterprise Institute. "You have to increase taxes. It's very simple. You have to pay for this somehow."
The Good News: Obama is at least true to his word - remember how it (Wealth redistribution) slipped out while speaking with Joe The Plumber?
The Bad News: Wealth redistribution has begun and this is just the beginning!
Thursday, February 26, 2009
Friday, February 20, 2009
I am now ready to play again.....
Tiger Woods is back in the fight. After a “extended holiday” he is re-joining his buds on the PGA tour! Seriously, it has been north of 250 days since he hit a real golf shot in the heat of battle.
His successful reconstructive knee surgery has put the man back together again. The last time we witnessed his greatness was his victory over Rocco Mediate in US Open on one leg.
The Good News – we can all start watching golf again – the excitement that Tiger Woods is, is back!
The Bad News – those veterans and newbie’s that did not win anything and those that did win (Harrington, Mickelson, Singh) while Tiger was gone will have to step up their game ‘cause Tiger's got something to prove – he is still the top dog on the PGA!
His successful reconstructive knee surgery has put the man back together again. The last time we witnessed his greatness was his victory over Rocco Mediate in US Open on one leg.
The Good News – we can all start watching golf again – the excitement that Tiger Woods is, is back!
The Bad News – those veterans and newbie’s that did not win anything and those that did win (Harrington, Mickelson, Singh) while Tiger was gone will have to step up their game ‘cause Tiger's got something to prove – he is still the top dog on the PGA!
Thursday, February 19, 2009
Just another chimp attack?
Charla Nash who suffered facial and hand injuries in the chimp attack on Monday is making progress but it will be a very long road to recovery! Doctors spent hours repairing her hand and facial injuries. Authorities are considering criminal charges against Sandra Herold, the Travis’ (the chimp) owner. It has been reported she has provide conflicting information to the investigators.
The Good News – Charla Nash is alive – Travis weighed nearly 200 pounds and was as strong as 10 men. She is very lucky to be alive!
The Bad News – Travis is a chimpanzee, a wild animal, a non-domesticated animal no matter if he is wearing diapers, watching TV and drinking champagne – he should have been in a zoo behind iron bars and not living the “suite” life in a home in Connecticut. Shame on the State of Connecticut for “grand-fathering” him in and shame on Sandra Herold for thinking this animal was part of the family. The sad part is she is not alone, can't wait to hear more wild animal mauling stories, you know they are coming.
The Good News – Charla Nash is alive – Travis weighed nearly 200 pounds and was as strong as 10 men. She is very lucky to be alive!
The Bad News – Travis is a chimpanzee, a wild animal, a non-domesticated animal no matter if he is wearing diapers, watching TV and drinking champagne – he should have been in a zoo behind iron bars and not living the “suite” life in a home in Connecticut. Shame on the State of Connecticut for “grand-fathering” him in and shame on Sandra Herold for thinking this animal was part of the family. The sad part is she is not alone, can't wait to hear more wild animal mauling stories, you know they are coming.
Wednesday, February 18, 2009
Obama opposes Fairness Doctrine....wait a minute
As of right now President Obama opposes the Fairness Doctrine. The statement is the first definitive stance the administration has taken since an aide told an industry publication last summer that Obama opposes the doctrine -- a long-abolished policy that would require broadcasters to provide opposing viewpoints on controversial issues.
It has been reported Democratic Rep. Waxman from California met with the FCC discussing how to enact the Fairness Doctrine policies. Now it gets better, he is interested in applying the same standards to the Internet.
The Good News – liberal talk radio will get back on the air without having to compete – because we know they can’t! Remember AirAmerica? You may have already forgotten about it!
The Bad News – it may be just a smoke shield – their backup plan is the “local” rule. They will force stations to carry a percentage of local broadcasting, effectively squeezing out syndicated programs.
It has been reported Democratic Rep. Waxman from California met with the FCC discussing how to enact the Fairness Doctrine policies. Now it gets better, he is interested in applying the same standards to the Internet.
The Good News – liberal talk radio will get back on the air without having to compete – because we know they can’t! Remember AirAmerica? You may have already forgotten about it!
The Bad News – it may be just a smoke shield – their backup plan is the “local” rule. They will force stations to carry a percentage of local broadcasting, effectively squeezing out syndicated programs.
Tuesday, February 17, 2009
The Truth will set you free....if you can find it!!
Did you ever wonder what extreme Political Correctness looks like, sounds like? It is called LYING, the inability to tell the truth why? Because the truth might just hurt someone’s feeling and we can’t have that now, can we?
The Good News – lying is so much easier, you never hurt anyone’s feelings – we will all get along splendidly, right?
The Bad News - if we as a society forget how to be honest with each other, hold each other accountable, confront injustice and un-truths we will become extinct.
The Good News – lying is so much easier, you never hurt anyone’s feelings – we will all get along splendidly, right?
The Bad News - if we as a society forget how to be honest with each other, hold each other accountable, confront injustice and un-truths we will become extinct.
Monday, February 16, 2009
USA no More....
Late Friday night our congress passed the largest spending bill in the nations history...and make no mistake it is an old fashioned pork-laden spending bill. Obama "may" be about change; very difficult seeing that when he delegates writing this bill to the liberal ideologs in the house.
The Good News - Good old Nancy Pelosi got the vote pushed through so she could make your European vacation.
The Bad News - Your representatives especially those on the conservative side of the house/senate did NOT even get to read the 1100 page bill....they voted without knowing what is in the BILL! How utterly absurd is that? Rhetorical question!
The Good News - Good old Nancy Pelosi got the vote pushed through so she could make your European vacation.
The Bad News - Your representatives especially those on the conservative side of the house/senate did NOT even get to read the 1100 page bill....they voted without knowing what is in the BILL! How utterly absurd is that? Rhetorical question!
Friday, February 13, 2009
Here comes Spendulus....
Obama's economic stimulus bill - a massive, $790 billion package of tax cuts and federal spending - is on track for a Friday vote in the House, and the Senate could vote on the bill later in the day or over the weekend. Despite a provision in the bill allowing Americans a 48hr review time, the vote must go on. The bill that was approved by the Senate last week was just north of 700 pages, the compromise bill over 1,400 pages – that defies logic.
The Good News – Americans will get tax credit amounting to approx $1.10 per day, that is one item from the McDonalds dollar menu or a trinket from the dollar store. Better yet - I am going to use my $1 to buy a lottery ticket!
The Bad News – for the $1.10 per day each family will be strapped with over $9000 in national debt – our grandchildren and their grandchildren will have to pay it! It is a crime.
The Good News – Americans will get tax credit amounting to approx $1.10 per day, that is one item from the McDonalds dollar menu or a trinket from the dollar store. Better yet - I am going to use my $1 to buy a lottery ticket!
The Bad News – for the $1.10 per day each family will be strapped with over $9000 in national debt – our grandchildren and their grandchildren will have to pay it! It is a crime.
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