Common Folk Using Common Sense

My rantings and ravings in this interesting world.

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Entries Tagged as 'Money'

Spending America Into Oblivion

February 8th, 2010 · No Comments

From American Spectator and Boortz:

The cost of our federal government is 25% of our total economy (GDP). This is compared with the average of 20.7% of the GDP during 1970-2009
If you include the cost of state and local government, the total cost of government is almost 40% of our GDP
Since 2008, the cost of our [...]

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Tags: Government · Money · Taxes · The Left · The US

Obama’s Big Government

February 5th, 2010 · No Comments

Via The Washington Times:

The era of big government has returned with a vengeance, in the form of the largest federal work force in modern history.
The Obama administration says the government will grow to 2.15 million employees this year, topping 2 million for the first time since President Clinton declared that “the era of big government [...]

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Tags: Government · Money · Socialism · Taxes · The Left · The US

More Höpenchange

February 3rd, 2010 · No Comments

From Yahoo:

The Obama administration’s plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.
In the 2010 budget tabled by President Barack Obama on Monday, the White House wants to let billions of dollars [...]

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Tags: Government · Money · Taxes · The Left · The US

Obama to Seek Partial Three-Year Spending Freeze in 2011 Federal Budget

January 26th, 2010 · Comments Off

Says FOX News:

President Obama is expected to propose that Congress freeze “non-security” federal spending for the next three years, senior administration officials said Monday.
The term “non-security” is broad. It will exempt costs of the wars in Afghanistan and Iraq, all other Pentagon spending, as well as foreign aid and the budgets of the Veterans Administration [...]

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Tags: Government · Money · Taxes · The Left · The US

3 of 4 Americans say much of stimulus money wasted

January 25th, 2010 · Comments Off

Via CNN:

- 63% of public thinks projects in plan were included for purely political reasons.
- 21% of people in poll say nearly all the money in the stimulus has been wasted.
- 56% of the public opposes the stimulus.
Nearly three out of four Americans think that at least half of the money spent in the federal [...]

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Tags: Government · Money · Taxes · The Left · The US

The Chicago Way

January 25th, 2010 · Comments Off

Here is how Obama/Reid/Pelosi has decided to treat the average American:

Senator Ben Nelson of Nebraska got his state a special Medicaid expansion subsidy will initially cost residents of the other 49 states an estimated $300 million.
Senator Carl Levin of Michigan got an exemption for non-profit insurers in his state from a hefty excise tax. [...]

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Tags: Government · Insurance · Money · Politics · Taxes · The Left · The US

The Definition Of Madness

January 23rd, 2010 · Comments Off

Says the Investor’s Business Daily:

Since 2006, when Democrats retook Congress, the economy has crashed as the party has made mistake after mistake.
All that’s left after the $3 trillion already spent by Congress, the Fed and the Treasury on “stimulus” and other foolishness is a sprawling, sloppy leviathan of government, consuming trillions yet unable to stop [...]

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Tags: Government · Money · Taxes · The Left · The US

After One Year Of Höpenchange …

January 19th, 2010 · Comments Off

Via Real Clear Politics:
Percentage of respondents asked the following questions:
Direction of Country
- Right Direction: 36.2
- Wrong Track: 57.8
- Spread: -21.6
President Obama Job Approval
- Approve: 49.4
- Disapprove: 44.6
- Spread: +4.8
Congressional Job Approval
- Right Direction: 25.7
- Wrong Track: 66.0
- Spread: -40.3
Obama and Democrats’ Health Care Plan
- For/Favor: [...]

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Tags: Government · Health · Money · Taxes · The Left · The US

Just A Thought

January 17th, 2010 · Comments Off

In the US we have Moochers, Looters, and Producers. The Moochers (the government-dependant) want what I have, the Looters (politicians) take what I have and give to the Moochers, and the Producers (me) make what the Moochers want and the Looters take. This used to be called crime. Isn’t it time for a Revolution?

Moochers, [...]

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Tags: Government · Money · Socialism · Taxes · The Left · The US

Welcome The ‘double-dip’ Recession

January 16th, 2010 · Comments Off

From The Hill:

U.S. Chamber of Commerce President Tom Donohue warned the U.S. faces a double-dip recession because of the taxes and regulations under consideration by the Democratic Congress and President Barack Obama.
“Congress, the administration and states must recognize that our weak economy simply could not sustain all the new taxes, regulations and mandates now under [...]

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Tags: Employment · Government · Money · Taxes · The US

Obama’s Stimulus Is A Money Loser

January 15th, 2010 · Comments Off

Says Investor’s Business Daily:

The results are in, and last year’s $787 billion stimulus not only failed to do what it was supposed to do, but it has also turned out to be one of the worst investments in economic history.
As we’ve discovered, the American people aren’t just saddled with the ongoing costs of the various [...]

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Tags: Government · Money · Taxes · The Left · The US

What Stimulus?

January 13th, 2010 · Comments Off

Says CNBC:

Ten months into President Obama’s first economic stimulus plan, a surge in spending on roads and bridges has had no effect on local unemployment and only barely helped the beleaguered construction industry, an Associated Press analysis has found.
Spend a lot or spend nothing at all, it didn’t matter, the AP analysis showed: Local unemployment [...]

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Tags: Employment · Government · Money · Taxes · The Left · The US

The Upcoming ObamaCare Circus

January 4th, 2010 · Comments Off

Bloomberg tells us:

The Mayo Clinic, praised by President Barack Obama as a national model for efficient health care, will stop accepting Medicare patients as of tomorrow at one of its primary-care clinics in Arizona, saying the U.S. government pays too little.
More than 3,000 patients eligible for Medicare, the government’s largest health-insurance program, will be forced [...]

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Tags: Government · Insurance · Money · Taxes · The Left · The US

The Change You Believe In

January 2nd, 2010 · Comments Off

Spread The Word:

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Tags: Election · Government · Health · Insurance · Military · Money · Politics · Pork · Taxes · The Left · The US

US Social Security and ObamaCare

December 28th, 2009 · Comments Off

Under Social Security, lower and middle class individuals are forced to pay a significant portion of their gross income, around 12%, for the alleged purpose of securing their retirement. That money is not saved or invested, but transferred directly to the program’s current beneficiaries with the “promise” that when current taxpayers get old, the income [...]

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Tags: Government · Insurance · Money · Socialism · Taxes · The US