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Archive for the ‘Economy’ Category

By SARAH
PALIN

 

The publication of the findings of the president’s National Commission on
Fiscal Responsibility and Reform was indeed, as the report was titled, “A Moment
of Truth.” The report shows we’re much closer to the budgetary breaking point
than previously assumed. The Medicare Trust Fund will be insolvent by 2017. As
early as 2025, federal revenue will barely be enough to pay for Social Security,
Medicare, Medicaid and interest on our national debt. With spending structurally
outpacing revenue, something clearly needs to be done to avert national
bankruptcy.

 

Speaking with WSJ’s Jerry Seib, Congressman Paul Ryan (R,
WI) insisted that the deal between Republicans and the White House on the Bush
Tax Cuts was not a second stimulus and that the agreement would promote growth
despite adding to the deficit. Read more here

The commission itself calculates that, even if all of its recommendations are
implemented, the federal budget will continue to balloon—to an estimated $5
trillion in 2020, from an already unprecedented $3.5 trillion today. The
commission makes only a limited effort to cut spending below the current trend
set by the Obama administration.

 

Among the few areas of spending it does single out for cuts is defense—the
one area where we shouldn’t be cutting corners at a time of war. Worst of all,
the commission’s proposals institutionalize the current administration’s new big
spending commitments, including ObamaCare. Not only does it leave ObamaCare
intact, but its proposals would lead to a public option being introduced by the
backdoor, with the chairmen’s report suggesting a second look at a
government-run health-care program if costs continue to soar.

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The last ten years of the worst, the best and some memorable moments.

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Response to the President’s Health Care Speech
 Today at 12:25am
After all the rhetoric is put aside, one principle ran through President Obama’s speech tonight: that increased government involvement in health care can solve its problems. 

Many Americans fundamentally disagree with this idea. We know from long experience that the creation of a massive new bureaucracy will not provide us with “more stability and security,” but just the opposite. It’s hard to believe the President when he says that this time he and his team of bureaucrats have finally figured out how to do things right if only we’ll take them at their word.

Our objections to the Democrats’ health care proposals are not mere “bickering” or “games.” They are not an attempt to “score short term political points.” And it’s hard to listen to the President lecture us not to use “scare tactics” when in the next breath he says that “more will die” if his proposals do not pass. 

In his speech the President directly responded to concerns I’ve raised about unelected bureaucrats being given power to make decisions affecting life or death health care matters. He called these concerns “bogus,” “irresponsible,” and “a lie” — so much for civility. After all the name-calling, though, what he did not do is respond to the arguments we’ve made, arguments even some of his own supporters have agreed have merit. 

In fact, after promising to “make sure that no government bureaucrat …. gets between you and the health care you need,” the President repeated his call for an Independent Medicare Advisory Council — an unelected, largely unaccountable group of bureaucrats charged with containing Medicare costs. He did not disavow his own statement that such a group, working outside of “normal political channels,” should guide decisions regarding that “huge driver of cost … the chronically ill and those toward the end of their lives….” He did not disavow the statements of his health care advisor, Dr. Ezekiel Emanuel, and continuing to pay his salary with taxpayer dollars proves a commitment to his beliefs. The President can keep making unsupported assertions, but until he directly responds to the arguments I’ve made, I’m going to call him out too. 

It was heartening to hear the President finally recognize that tort reform is an important part of any solution. But this concession shouldn’t lead us to take our eye off the ball: the Democrats’ proposals will not reduce costs, and they will not deliver better health care. It’s this kind of “healthy skepticism of government” that truly reflects a “concern and regard for the plight of others.” We can’t wait to hear the details on that; we look forward to working with you on tort reform.

Finally, President Obama delivered an offhand applause line tonight about the cost of the War on Terror. As we approach the anniversary of the September 11th attacks and honor those who died that day and those who have died since in the War on Terror, in order to secure our freedoms, we need to remember their sacrifices and not demonize them as having had too high a price tag. 

Remember, Mr. President, elected officials work for the people. Forcing a conclusion in order to claim a “victory” is not healthy for our country. We hear you say government isn’t always the answer; now hear us — that’s what we’ve been saying all along.

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The ‘Cap And Tax’ Dead End

By Sarah Palin
Tuesday, July 14, 2009

 

There is no shortage of threats to our economy. America’s unemployment rate recently hit its highest mark in more than 25 years and is expected to continue climbing. Worries are widespread that even when the economy finally rebounds, the recovery won’t bring jobs. Our nation’s debt is unsustainable, and the federal government’s reach into the private sector is unprecedented.

Unfortunately, many in the national media would rather focus on the personality-driven political gossip of the day than on the gravity of these challenges. So, at risk of disappointing the chattering class, let me make clear what is foremost on my mind and where my focus will be:

I am deeply concerned about President Obama‘s cap-and-trade energy plan, and I believe it is an enormous threat to our economy. It would undermine our recovery over the short term and would inflict permanent damage.

American prosperity has always been driven by the steady supply of abundant, affordable energy. Particularly in Alaska, we understand the inherent link between energy and prosperity, energy and opportunity, and energy and security. Consequently, many of us in this huge, energy-rich state recognize that the president’s cap-and-trade energy tax would adversely affect every aspect of the U.S. economy.

There is no denying that as the world becomes more industrialized, we need to reform our energy policy and become less dependent on foreign energy sources. But the answer doesn’t lie in making energy scarcer and more expensive! Those who understand the issue know we can meet our energy needs and environmental challenges without destroying America’s economy.

Job losses are so certain under this new cap-and-tax plan that it includes a provision accommodating newly unemployed workers from the resulting dried-up energy sector, to the tune of $4.2 billion over eight years. So much for creating jobs.

In addition to immediately increasing unemployment in the energy sector, even more American jobs will be threatened by the rising cost of doing business under the cap-and-tax plan. For example, the cost of farming will certainly increase, driving down farm incomes while driving up grocery prices. The costs of manufacturing, warehousing and transportation will also increase.

The ironic beauty in this plan? Soon, even the most ardent liberal will understand supply-side economics.

The Americans hit hardest will be those already struggling to make ends meet. As the president eloquently puts it, their electricity bills will “necessarily skyrocket.” So much for not raising taxes on anyone making less than $250,000 a year.

Even Warren Buffett, an ardent Obama supporter, admitted that under the cap-and-tax scheme, “poor people are going to pay a lot more for electricity.”

We must move in a new direction. We are ripe for economic growth and energy independence if we responsibly tap the resources that God created right underfoot on American soil. Just as important, we have more desire and ability to protect the environment than any foreign nation from which we purchase energy today.

In Alaska, we are progressing on the largest private-sector energy project in history. Our 3,000-mile natural gas pipeline will transport hundreds of trillions of cubic feet of our clean natural gas to hungry markets across America. We can safely drill for U.S. oil offshore and in a tiny, 2,000-acre corner of the Arctic National Wildlife Refuge if ever given the go-ahead by Washington bureaucrats.

Of course, Alaska is not the sole source of American energy. Many states have abundant coal, whose technology is continuously making it into a cleaner energy source. Westerners literally sit on mountains of oil and gas, and every state can consider the possibility of nuclear energy.

We have an important choice to make. Do we want to control our energy supply and its environmental impact? Or, do we want to outsource it to China, Russia and Saudi Arabia? Make no mistake: President Obama’s plan will result in the latter.

For so many reasons, we can’t afford to kill responsible domestic energy production or clobber every American consumer with higher prices.

Can America produce more of its own energy through strategic investments that protect the environment, revive our economy and secure our nation?

Yes, we can. Just not with Barack Obama‘s energy cap-and-tax plan.

The writer, a Republican, is governor of Alaska.

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The only explanation for your hatred and especially those in the media (the new vulture of the human race), take stock. It is because you cannot be her nor can you be Governor,nor do you believe that a woman in her calibre can have a thinking brain. All those who hate her for no apparent reasons are fill with hatred because they want to be her instead.

1. So, Bristol got pregnant, you , people in the media and the rest of the hater made it seem like she is the only and only the first person (teenage girl who got pregnant outside of marriage).  You glorify when some Hollywood spoil brat gets herself pregnant… it is as if , this is the greatest  thing that have happened in their lives. Are all of you inflicted with hateful blindness.

2. Keep throwing lawsuit s, lies beyond comprehensions and what have you, against Sarah and her family, it will only provide  her the platform to gain more popularity and give her more opportunity to do what she plans to do.

3. Those of you who put Obama in the White House, will you please stand up and be counted,because us common people do not have the money to pay for his extravagance,  to pay for his Fly over, his dates and his spending. Do not forget also his butt  handshake with the King of Arabia and the tea parties   with the likes of Ahmadinejad .Since you voted for him, please provide the money to pay up all the deficit and also for the thousands of Americans, losing their jobs and their houses.. Go figure it out…This is the change you can believe in.

4. Apologising to other countries who America have helped, given freely, not only in sweat, blood and money is unforgivable. Your Obama has lowered and shamed America . You have been Organised by your Community Organizer, I hope all of you are gloating  and jumping with joy at being organised. Hope you wake up at the change you can believe in and with your eyes wide open to see what is going on.

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Four years ago the media went nuts when George W. Bush spent an “obscene” amount of money “during tough economic times” and pretty much crucified him for the event. The price tag: $43-million.

On Tuesday B. Hussein will celebrate his coronation. The price tag: $160-million. Of course, the media is all a-buzz about the extravaganza and not a word can I find – in print, or on the TV and radio – about how much it will cost us and how the economic times have not changed for the better for Americans since the last “obscene” event. Not that I am surprised. Bush wanted a second $400-million stimulus pack and Pelosi & Co. fought it tooth & nail. Now the nearly TRILLION-dollar stimulus (borrowed from China) is sailing right through. Hmmmm?

No surprise to me, TIME Magazine will celebrate by putting our new Messiah on the cover for his 14th appearance. Yup! Obama has been 14 times… But the media isn’t in the tank for him, according to libTards.

Reagan created “Trickle-Down Economics.” Well, let me introduce you to “Trickle-Up Poverty” courtesy of B. Hussein Obama:

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President-elect Barack Obama gestures during a news conference ...WASHINGTON – President-elect Barack Obama, relatively young and inexperienced, is facing a rapidly growing list of monumental challenges as he prepares to take the reins of a nation in turmoil.

“I do not underestimate the enormity of the task that lies ahead,” Obama said after his historic election a little more than a month ago.

It was a sobering assessment at the time, but the country’s problems have only worsened since then. Now, Obama sounds dire, particularly as he talks about the economy: “We’re in an emergency.”

He spoke during a week in which Congress killed a bailout of the failing auto industry, the government reported that jobless claims spiked to their highest levels in more than a quarter-century, and the Treasury Department said the nation registered a record federal budget deficit for November.

With woes foreign and domestic on more fronts than even Franklin Delano Roosevelt encountered when he took office in the midst of the Great Depression, Obama will be sworn in as the country’s 44th president in January.

Obama faces heady challenges, and they’re growing – Yahoo! News

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