Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016

President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the middle class that are funded by higher taxes on corporations and wealthy Americans.

The budget foresees a $474 billion deficit, which is 2.5 percent of U.S. gross domestic product. It projects deficits stabilizing at that rate over a 10-year period, senior administration officials said.

Obama’s budget fleshes out proposals from his State of the Union address and helps highlight Democratic priorities for the last quarter of his presidency and the beginning of the 2016 presidential campaign.

But it is as much a political document as a fiscal road map and would require approval from the Republican-controlled Congress to go into effect.

“Our hope is that by laying out … a clear economic vision centered around the middle class and economic growth, that we’ll be able to have a productive conversation (with Republicans) and make progress over the course of the year,” an administration official said on Sunday, previewing the budget’s release.

Republicans have said they see room for compromise in areas such as tax reform and infrastructure, but many of Obama’s programs, which were rolled out in the weeks before the budget’s release, have landed with a thud.

“When … he devotes his time and energy to talking about the new tax-and-spend policies that progressives like and Republicans universally oppose, he signals to Congress that he is once again looking to argue rather than to legislate,” said Keith Hennessey, a former economic adviser to Republican President George W. Bush.

Democrats, however, viewed the budget as a statement of their priorities and a chance to demonstrate they represent the party that champions middle-income Americans.

“(It) affords him an opportunity to contrast his vision of helping the middle class with the Republican Congress’ approach of exacerbating inequality, ignoring the middle class and making the burdens of those who want to enter it even greater,” said Neera Tanden, president of the Center for American Progress, which has close ties to the White House.

INFRASTRUCTURE, TAX REFORM

The budget achieves some $1.8 trillion in deficit reduction over the next 10 years, officials said, through healthcare, tax and immigration reform, but the forecast assumes Republican support for Obama’s programs, which is unlikely.

Republicans have blocked immigration reform legislation in the House of Representatives, for example, and the budget assumes passage of such a bill.

The administration foresees a continuation of the decline in unemployment, forecasting a rate of 5.4 percent in 2015. The rate currently stands at 5.6 percent.

It also proposes a new infrastructure bank, a 6 percent increase in research and development, and a controversial consolidation of U.S. government agencies. Obama has previously proposed combining trade agencies, but the proposal fizzled.

The budget sets aside $14 billion to strengthen U.S. cybersecurity defenses after a spate of high-profile hackings.

It calls for a one-time, 14 percent tax on an estimated $2.1 trillion in profits piled up abroad by companies such as General Electric (GE.N) and Microsoft (MSFT.O), while imposing a 19 percent tax on U.S. companies’ future foreign earnings.

It proposes a 7 percent rise in U.S. domestic and military spending, ending “sequester” caps with reforms to crop insurance programs and closing tax loopholes such as one on “carried interest.” Those moves would help fund investments in infrastructure and education.

The budget would also reform rules governing trust funds and raise the capital gains and dividend rates to 28 percent from the current top rates of 23.8 percent.

In foreign policy, the budget funds efforts to defeat Islamic State militants and support NATO and European allies against Russian aggression, the White House said.

I’m fed up with Obama

GOPAfter listening to President Obama’s State of the Union address, I’m fed up. I’m fed up with his empty promises, I’m fed up with his lies and I’m fed up with his liberal agenda. Are you?America can’t afford more spending, more debt and more government intrusion in our lives.

If you’re fed up too, pitch in $16 right now to stop President Obama and his reckless liberal agenda.

Thanks,
Mike Shields
RNC Chief of Staff

P.S. Trust me, taking action will make you feel better.

Million American Job Project

It’s a mathematical fact. If we all buy just 5% more US made products we will create a MILLION new jobs. AND if each person that sees this video shares it with at least two friends it will only take a month for every person in America to see this. Crazy, but true. Seems like if we all knew the solution to unemployment was so simple we’d fix it. So let’s spread the news.

Flex your muscle as a consumer to create one million new jobs. It’s as easy as one, two, three. 1. Watch the video. 2. Take the pledge. 3. Share this project with at least two friends.

Take Pride in American Made Products visit www.MillionJobsProject.us

Job force Hits New Low but Unemployment Goes down?

There are less people in the work force since 1979 with 90 million people no longer even attempting to find a job.  However, if you look at the unemployment numbers, they would suggest a different picture.  Right now, the unemployment rate is hovering around 7.6%, but if you included those who can work who don’t, it would be around 17%!  This tends to paint a different picture.

It doesn’t take a mathematician to realize that having less people in the workforce (and subsequently not paying income tax) hurts the economy.  A healthy economy needs to have a good amount of cash flow exchanging hands, investment go up and people relying on a job over the government.

According to ZeroHedge.com:

Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% – the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is “improving.”

People not in labor force:

Labor Force

Labor participation rate:

Labor Force Rate

Social Security Income in now Federal Benefit Payment

elvis_social_security_card_1950

 

Pay attention to your next Social Security income, whether you get a check or an electronic deposit….note what it is now called…see below.. Have you noticed, your Social Security check is now referred to as a “Federal Benefit Payment”? I’ll be part of the one percent to forward this. I am posting it because it touches a nerve in me, and I hope it will in you. Please share this post with others until everyone in our country has read it. The government is now referring to our Social Security checks as a “Federal Benefit Payment.” This isn’t a benefit – its earned income! Not only did we all contribute to Social Security but our employers did too. It totaled 15% of our income before taxes. If you averaged $30K per year over your working life, that’s close to $180,000 invested in Social Security. If you calculate the future value of your monthly investment in social security ($375/month, including both you and your employer’s contributions) at a meager 1% interest rate compounded monthly, after 40 years of working you’d have more than $1.3+ million dollars saved! This is your personal investment.Upon retirement, if you took out only 3% per year, you’d receive $39,318 per year, or $3,277 per month. That’s almost three times more than today’s average Social Security benefit of $1,230 per month, according to the Social Security Administration (Google it – it’s a fact).

And your retirement fund would last more than 33 years (until you’re 98 if you retire at age 65)! I can only imagine how much better most average-income people could live in retirement if our government had just invested our money in low-risk interest-earning accounts.Instead, the folks in Washington pulled off a bigger Ponzi scheme than Bernie Madoff ever did.They took our money and used it elsewhere. They “forgot” that it was OUR money they were taking. They didn’t have a referendum to ask us if we wanted to lend the money to them. And they didn’t pay interest on the debt they assumed. And recently, they’ve told us that the money won’t support us for very much longer. But is it our fault they misused our investments? And now, to add insult to injury, they’re calling it a “benefit,” as if we never worked to earn every penny of it. Just because they “borrowed” the money, doesn’t mean that our investments were a charity!

Racial Entitlement

Justice-Antonin-Scalia

Justice Antonin Scalia

A suggestion by Supreme CourtJustice Antonin Scalia that a key 1960s-era voting rights law aimed at ending Jim Crow-era voter discrimination against blacks perpetuates “racial entitlement” has drawn outrage from civil rights leaders and others.

Justice Antonin Scalia suggested Congress voted to reauthorize the law because they had nothing to gain politically by opposing it. He then suggested that preclearance represented a “perpetuation of racial entitlement” and that the Supreme Court has a duty to stop an ineffective or harmful law that Congress is unwilling to kill.

“Whenever a society adopts racial entitlements, it is very difficult to get out of them through the normal political processes,” he said.

A 31 year old video clip ABSOLUTELY worth your time

This is Phil Donahue interviewing Milton Friedman thirty years ago.

These are the simple facts of human nature. If people don’t have free rides to lives of sedentary consumption, they have to earn their livings. To earn a living you need to produce value to others that creates a surplus for you to supply your own means to survival. You produce with your labor and/or with your brain. To the degree that you produce more than similar others (now your Global friends and neighbors) your rewards grow at a greater rate. Some people are bigger and stronger than others, so if society values and rewards those skills above others these people have an advantage. Good or bad, it is simply a fact. Since not everyone can be bigger and stronger, the mind is the equalizer. If you educate your mind continuously you will learn other skills or invent things of value. Working smarter and harder is a good combination for you to create more than enough to sustain yourself and allows you to help and/or employ others so they can produce more than they consume. This is only possible in a democratic, free-enterprise society. History shows that socialist or communist societies are created and can only exist by taking the surplus developed through free enterprise, but since such societies under produce for what they consume they fail. Such is the case when the Federal Government of a Free Enterprise Society takes increasingly more from it’s peoples’ productivity and spends it without reasonable controls. Federal Governments produce no surplus for its people, in fact it does not produce anything but expense. That is what we are living through in our own Country. Somewhere along the line, the government lost site of its role, spent more money than its people could produce, then blamed the problem on its people.

Obamaville Song for 2013

A funny song sung to the tune of Margaritaville and inspired by Rush Limbaugh. This parody has original lyrics by Rick White and sung by Jack Anderson. Both of Charleston, West Virginia. When the most under qualified person to be nominated for the office in modern history wins election and the most manifestly inept person to hold the office gets reelected then yes, the world (or at least the country) seems to have gone insane.

This song is more than true…for millions of sucker Americans…who will soon loose any & all assistance from the government. While they wait for you to beg for their fema camp imprisonments. Along with an ID chip with all your info and a single dose of cyanide poison they can activate to kill you at their will! … Things are not good in America… most are asleep to what is going on around us. Stand up for your country, we need to put the breaks on this out of control strange evil government!

Where are those ObamaCare premium price cuts?

Want to know how to tell you’re going to have a bad day in Washington? A man walks up to you and says, “Hi, I’m Jason Mattera, and I want to ask you a question.” Actually, since Jason is a friend of mine, that would be a good day for me, but not so much for politicians. Jason, the senior investigative reporter for Talk Radio Network and a New York Times best-selling author, gave Hot Air an exclusive first look at his latest video produced for the Andrea Tantaros Show, which features Rep. Jim McDermott (D-WA) attempting to walk away from a good question — whatever happened to those health-care premiums price cuts Barack Obama and Democrats promised when they passed ObamaCare three years ago?

McDermott’s answer is priceless:

“Who’s paying you? The cock brothers?” Er, that’s Koch brothers, as Jason corrects McDermott. McDermott tries to first walk away from Jason, but then later engages him by arguing that all other Western nations have national health-insurance management. “Every industrialized country in the world takes care of its people,” McDermott replied, which doesn’t actually answer Jason’s original question but does address his follow-up. Why not just turn around and offer the answer in the first place? Probably because there is no good answer, as premiums spike upward and the promise to bend cost curves downward turn out to be empty.

The only politician who ever actually used the right approach to Jason was Al Franken, who is otherwise well known for refusing to engage with any reporter not from Minnesota. Whether one agrees with Franken or not, he was smart enough to challenge Jason right back.

POSTED AT 12:01 PM ON FEBRUARY 11, 2013 BY ED MORRISSEY

Only In America

TOP-11 “ONLY IN AMERICA” OBSERVATIONS — BY A CANADIAN*

1) Only in America could the rich people – who pay 86% of all income taxes – be accused of not paying their “fair share” by people who don’t pay any income taxes at all.

2) Only in America could people claim that the government still discriminates against black Americans when they have a black President, a black Attorney General, and roughly 18% of the federal workforce is black while only 12% of the population is black

3) Only in America could they have had the two people most responsible for our tax code, Timothy Geithner, the head of the Treasury Department and Charles Rangel who once ran the Ways and Means Committee, BOTH turn out to be tax cheats who are in favor of higher taxes.

4) Only in America can they have terrorists kill people in the name of Allah and have the media primarily react by fretting that Muslims might be harmed by the backlash.

5) Only in America would they make people who want to legally become American citizens wait for years in their home countries and pay tens of thousands of dollars for the privilege while we discuss letting anyone who sneaks into the country illegally just ‘magically’ become American citizens.

6) Only in America could the people who believe in balancing the budget and sticking by the country’s Constitution be thought of as “extremists.”

7) Only in America could you need to present a driver’s license to cash a check or buy alcohol, but not to vote.

8) Only in America could people demand the government investigate whether oil companies are gouging the public because the price of gas went up when the return on equity invested in a major U.S. oil company (Marathon Oil) is less than half of a company making tennis shoes (Nike).

9) Only in America could the government collect more tax dollars from the people than any nation in recorded history, still spend a Trillion dollars more than it has per year – for total spending of $7-Million PER MINUTE, and complain that it doesn’t have nearly enough money.

10) Only in America could politicians talk about the greed of the rich at a $35,000.00 a plate campaign fund-raising event.

11) Only in America can a man with no background, no qualifications and no experience … and a complete failure at his job … be reelected.