CBO: Stimulus to Touch More Lives Than Originally Estimated
**Written by Doug Powers
Yesterday, Michelle wrote about the Porkulus “cash for tax cheats” program, and here’s a related item that Sheriff Joe Biden might want to investigate as soon as he’s finished plotting his path to the White House in 2016.
The Stimulus is going to touch more lives than we thought — in a “saddled with even more debt” kind of way:
The Congressional Budget Office said in a new report that President Obama’s economic stimulus law will raise the federal deficit $830 billion over ten years, $43 billion more than the initially estimated cost of $787 billion.
During the law’s consideration in Congress, the Joint Committee on Taxation made the initial estimate.
In the private sector, if you overshot your target by $43 billion you’d be out of a job and maybe even investigated until the end of time, but in DC the champagne is probably flowing over news that they only went 5% over the projection.
No worries. Thanks to the “government spending equals jobs” philosophy, spinning this is simple: “Whoops, we accidentally saved or created more jobs than expected.”
**Written by Doug Powers
Twitter @ThePowersThatBe
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Categories: Barack Obama,fiscal stimulus
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Well, look at the new unemployment figures -424K new members to the “Hope and Change Club” This and the deficit getting larger by the minute, The Democraps doing nothing about a budget and the MSM throwing flowers on the path Fearless Leader walks on that is leading us all over a cliff.
I get the feeling that this disaster will be touching my life for years to come.
In theory, if you had $830 billion dollars and you were, to say, flush them down the toilet, how long would that take? Can they print faster than they can flush?
A lot of money ended up in the sewer.
Reminder: Sewers smell and so does this whole program that created nothing.
Obama to America: Screw the Second Amendment, I’ll take your guns by executive order.
Secede!
This is the kind of bad things that happen when you ignore the Constitution.
Usurpers are dangerous.
Native born is not natural born.
a government contractor who donates heavily to Democrats?
My Re-post from Doug’s Place yesterday:
Someone pointed this out yesterday about socialists. Their biggest enemy is the middle class. I’d like to know how much of the stimulus money went to folks in the middle class?
BHO probably will campaign on this.
Hmmm…”Unintended and unexpected”! Who da thunk it?
All the Succubus Law did was screw the taxpayers.
It was a Liberal/Progressive Christmas Wish List of projects they couldn’t otherwise get funded.
Hard to believe that there are still millions of idiots out there (including the media) who still are ignoring what is right there at the end of their noses. This administration and its agenda HAVE FAILED. All the evidence is there. And is being ignored. Do these morons think that will make it go away? Do they think this won’t destroy THEM, along with the rest of us? When will they wake up? I picture these fools as having a veil of ignorance complete surrounding them and making them totally blind to anything true. There is evil working in this country and it has taken hold of millions. PRAY.
Now we can -all- feel like the no-load brother in law you “fire” every week ( only to be sweet talked into re-hiring by his sister! )
So if a Trillion $’s only buys a .6% blip in RE-hiring ( how much is the tab going to be get the remaining 9.4% back to work )
The mantra will be “Wait – we haven’t had a chance to make all our changes yet. If we make them all, THEN you will see we are right. Vote for Dope and Change Again” By then, it will be too late. Our freedoms will be gone.
The slogan for me is “Anybody but Obama.”
Bumper sticker…
“Dope and Change Again? No Thanks!”
John Maynard Keynes is dead.
Pound a stake through his heart.
Keynesian spending made the Great Depression worse, and last 7 years longer than necessary.
When the market is allowed to correct itself, it always does… in 18 months to 2 years.
Liberal/Progressives
never learn fromignore History.Here are two breaking news stories, WI judge strikes down collective barggining law.
http://www.jsonline.com/news/statepolitics/122657299.html
And SC backs AZ law on immigration business law.
http://www.cnn.com/2011/US/05/26/scotus.arizona.law/index.html?hpt=T2
L
Doug, don’t you mean in a “touched by an Uncle” kind of way?
Most of us think of ourselves as middle class, and statistically that should be the case. However, to the current administration, and to non-conservatives in general, “middle class” has become a euphemism for “good regular folks,” and otherwise is a meaningless term these days except as a political reference point. Its members fit loosely between the poor, helpless, downtrodden, disadvantaged, “huddled masses yearning to be free…” – these days they are overwhelmingly the ones who depend on (expect and demand that) the government to meet their needs – and the rich, fat cat, evil robber baron oppressors of the poor – the ones from whom government is self-appointed to protect “the rest of us.” Depending on the topic and the spin, it is the middle class who are supposed to benefit the most, or who will bear the greatest burden. Ugh.
Well said and concise Dex. Why this destructive myth persists is beyond me. Folklore, oral traditions, cannabis?
So Hillary is okay? In 2007, the standard RINO mantra was “Anyone but Hillary”. Look where that got us. How about “Let’s actually nominate a conservative Republican for a change!” as a mantra?
FIFY
Ah Marxism…. the gift that keeps on giving. Obama and the Democrats are an economic hepatitus C.
Dexter Alarius said:
Typically yes. Don’t get Pasadena Phil and I started on “But it’s different this time”! Problem is, Obama’s economic team fell for even worse, Broken Window Economics! Or cannibas, your choice?
Touch… if by touch, you mean smite!
Touch… if by touch, you mean smite!
LOL. Perfect.
Exactly right.
YES WE CAIN!
The morons in this administration will touch everyone’s life for years to come unless they are thrown out of there or somethig similar. Maybe thrown over the cliff like grandma in the commercial. Drown them all in the ocean if it wasn’t for the no polution laws.
Pasadena Phil said:
Or just a Conservative period! I thought O’Reilly’s comment that Cain should’ve had pizzas delivered during the debate was spot on!
( the above slogan should be attributed to babiesgrandma btw )
What drives me nuts is calling the union members “the working class”, as if the rest of us don’t work.
Working class (Unions)
Middle class (Unions)
All the rest of us (fat cats or poor)
Interesting that I was in the working class for 40 years, but never in a union. I have been upper middle class all my life. I am now retired, so consider myself middle class, bordering on lower middle class. I have never been a fat cat, nor have I ever been poor.
We have ALLOWED them to choose the rhetoric. That has to stop!!
Some where in the cobwebs of my brain I remember MM coining the phrase,”Generational Theft.”
I think it has become out and out robbery of the American people,NOW.
That can still be a dangerous slogan to go by because that “anybody” might actually want to still lead us to the same destination by means of a different path.
I want a candidate who will work to: Lower taxes. Reduce federal regulations and the alphabet of federal agencies, clearing out as many leftist bureaucrats as possible. Apply effective immigration enforcement and promise NO amnesty program. Appoint judges who are strict constitutionalists.
Oh, and vow to revoke every EO Obummer signed and fire all his czars immediately.
That person will get my vote.
Sales of foreclosed homes ‘astronomically high’ in first quarter
The malfeasance and incompetence of this Congress and President will make the Great Depression look like a case of Monday morning blues. The DemoCommunists must be steamrolled and thrown from office. The sooner the better.
I’m so touched that the Doc says I got to use this doughnut to sit on for the next few months.
I did reference her post. If that wasn’t enough, I apologize. I try not to steal other’s ideas!
The extreme delusional egotism/ narcissim that liberals exhibit in believing they can make something work that has been proven (time and again) not to work, is stunning.
Look, I was saying Anyone but Obama when we are putting a Conservative or GOP-lite up against him this coming election. OR, if we really get it together, put a Strong Conservative against him – ideally.
And, yes, Hillary would not have had the socialist and marxist backing that Oblamo has – she would try, but would have been a weaker person, if only because of the Media chasing after her to see if the “first woman president” would make mistakes along the way.
Right now, the Media covers up EVERYTHING Oblamo does, and did not do its due diligence on him. They would have on Chillary.
That doesn’t bother me. I’m flattered. no attribution necessary. We can all read.
That’s Herman Cain. So far he’s the only one running that’s close to that. Check out his announcement video at C-Span website. Inspiring.
That is my plan. When I’m sitting on the beach in Costa Rica sipping margaritas, I intend to let every liberal I meet know where I got the money from.
Algae farms in North Dakota is my scheme. Something stupid and outrageous enough to get government bureacrats to willfully waste money on it.
As should the RINOCommie-lites because they too often have more in common with the DemoCommies than they have with most who identity themselves as Republicans as I see it.
If the GOP intends to foul up the 2012 election, its time for a new party.
Wait a minute, you’re saying the CBO initially got it WRONG? And in a way that made the Democrats look good?
I wonder if there’s a lesson in here somewhere…
Thanks, I have, and so far he’s my preferred candidate despite some deficiencies some here have pointed out.
No candidate will be 100% perfect and Cain is closer to what I want than any of the others who’ve announced so far.
Pretty slick. Looks like it has plenty of potential for that:
***
The “stimulus” is working as planned by Comrade Obama and His ilk. Rising interest rates for borrowers, devaluation of retirement savings, zero interest rates for savings, inflation making devalued money to pay off old debt–screwing those who loaned the money in the first place. Destruction of the economy, rewards for his chosen cronies. High unemployment and business failures for all private workers and companies.
***
It worked out soooo well for the Weimer Republic and people in Germany–total economic collapse followed by Adolf Hitler’s Third Reich.
***
What could possibly go wrong with such a brilliant Messiah leading us?
***
John Bibb
***
Slightly OT (but not really) “Sen Inhofe Hints ‘Arrogant’ Obama Might Need Mental Diagnosis…”
http://www.breitbart.tv/sen-inhofe-hints-arrogant-obama-might-need-mental-diagnosis-to-explain-timing-of-1967-borders-speech/
Call in the guys in white coats? Yes please!
Brilliant! I want in on that and have some seed money for ya!
babiesgrandma said:
( It’s not like I haven’t echoed that very ABO sentiment myself on occasion! ) If you have a grand piano on your TOE, it doesn’t mean you don’t have ‘other’ problems?
Only that right now it’s your biggest problem! Get P’BO outta’ there and we can always Impeach a backstabbing RINO later.
Oh! Bonus acronym for Oregonians: RINO = Recycler In Name Only!
:
I have been telling hubby for a long time bho has a screw loose and it shows in everything he does.
L
This +1
So far, all is going according to Obama’s plan (and that of his handlers). This is ALL deliberate. There is no way it could not be. No one is stupid enough to do what this administration is doing unless they WANT us to fail. There is no other explanation for it. And yet, the MSM berates us for calling Obama a socialist. They are ALL socialists! And the American people are either waking up, or terminally stupid.
From Obama’s point of view, nothing at all. Naturally.
Where is the “beef”? It has found its way through the unions’ contribution to Obama’s one billion dollars reelection fundings.
Cain better get some Cliff’s Notes on foreign policy because his plan to make a decision once he gets the classified information is akin to “we have to pass the bill to know what’s in it”. He’s a smart guy, so he better get educated right quick on at least the basics or he’ll get creamed in the debates.
CBO: Stimulus to Touch More Lives Than Originally Estimated
Yeah, they forgot to include our kids and grand kids whose piggy banks that they’ve been raiding.
I should think foreign policy briefings would be on the agenda for any presidential candidate whether or not the candidate had already served in any capacity dealing with the subject.
There always should be appropriate advisors in the campaign organization to continually brief and educate the candidate on all issues that a presidental candidate would need to address.
In the words of Francis “Psycho” Sawyer; “I don’t like anybody touching me. Any of you homos touch me, and I’ll kill ya’”.
speaking of getting rid of bureaucrats . . .
[Hawkeye #33] wrote:
Oh, and vow to revoke every EO Obummer signed and fire all his czars immediately.
***
True, Hawkeye, but all of the Czars are already illegal, lacking only a Senate decided to sue this President in court, or the House to void all funding, salary, staff, office space, etc. for any Czar not approved by the Senate OR subject to a law of Congress, establishing and authorizing the Czar.
[quote re: President]
He shall have Power, by and with the Advice and Consent of the Senate, to make Treaties, provided two thirds of the Senators present concur; and he shall nominate, and by and with the Advice and Consent of the Senate, shall appoint Ambassadors, other public Ministers and Consuls, Judges of the supreme Court, and all other Officers of the United States, whose Appointments are not herein otherwise provided for, and which shall be established by Law: but the Congress may by Law vest the Appointment of such inferior Officers, as they think proper, in the President alone, in the Courts of Law, or in the Heads of Departments. [US Constitution, Article Two, section 2.]
Perhaps the Blog lawyers can comment, I only read with the eyes of a layman. If a so-called “Czar,” health care, cars, etc., is not part of the “all other Officers of the United States” that MUST be consented to by the Senate, then in order to exist, the Congress MUST vest the appointment in the President BY LAW.
Is there a law for each of the 30-some appointments like Green Czar? I think most of the Czars should be subject to Senate hearing and confirmation process because most seem to carve out a part of a Cabinet Department. A tame Senate has allowed the president to usurp its power. The House has the purse, and can just specifically not fund Presidential adventurism outside the Constitution.
This goes without saying. If he doesn’t, then he is not qualified to be POTUS. I have no doubts that he will be up to the task!
Lighten up, Francis.
Hawkeye,
I agree, but when asked a direct question about Afghanistan, a candidate can’t answer “I don’t know, once I’m briefed, I’ll decide” and expect to get elected. Likewise, I expect a candidate to understand what a Right To Return means regarding Israel and the Palestinians.
Right now, Cain’s my guy, despite his support of the Fair Tax over the Flat Tax and his foreign policy shortcomings. However, He needs to shore up his weaknesses pronto. Maybe do a SWOT analysis on his platform.
http://lamecherry.blogspot.com/2011/05/why-marco-rubio-is-natural-born-citizen.html
VP: What do you think of this? Gives me reason to HOPE!
You just made the list, buddy.
Sorry, happy, I think that’s stretching quite a bit. His parents were Cuban nationals, not U.S. citizens when he was born.
He is as eligible as Obama. Everybody but me and a few others accepts him as legitimate. John Jay made it clear in his letter to Washington that native born was insufficient to prevent foreign influence and insisted the words be “natural born citizen”, born in this country to citizens of this country.
Native born is good enough now, the Constitution has been changed by semantic sleight of hand. Both parties, The Supreme Court, and Congress all agreed.
I agree. Afghanistan and Israel, especially, are areas of concern that have been around long enough for anyone running to already have established a position.
Still, it’s early for Cain. If he reponds to questions like these in thes same way in January, I’d have strong doubts about him. The phrase “I don’t know” should be eliminated from his vocabulary in responding to media and the public.
happyscrapper said:
After hearing our current pResident gurgle some gibberish about Re-Create ’67 ( what would Herman possibly have to apologize for? )
Anyone recall when Obie was whisked away right after the coronation, disbanded The Office of Transition and got his first Security Briefing? Yeah, dude was whiter than I am! Welcome to the real world pal.
Boom, shaka laka laka…
Of course they are, as is much of what this admin, abetted by congressional actions and inactions on the matters, does.
I just didn’t know if the czars will go automatically on the change of administration. They might have the belief the jobs are theirs until someone tells them otherwise, as congress should be doing now.
I think that we owe a big round of applause to our newest, bestest buddy, and big toe… Sergeant Dexter.
From what I understand, a problem with algae as a biofuel is that growing it in open ponds, it is subject to contamination. Growing it in enclosed structures is too expensive.
(Funny how green freaks never mention the complexities of green technology.)
Growing algae under the ice in ponds in North Dakota seems like a possibility to me. That’s entrepreneurial thinking.
A liberal progressive would want to grow it in back yards in Berkeley, scooped up by undocumented gay immigrants with environmentally sensitive paper spoons.
And when the economy totally collapses because of all the excessive printing, borrowing and spending, EVERYONE will be touched. Pain is the best motivator for real change.
Yup, and divert some of the funding to go toward his/her retirement and maintenance of his/her eco-friendly vacation home in Fiji.
No, it’s the EXACT OPPOSITE of that approach. Nancy’s approach is to pass the bill without reading it or getting the facts on it. Herman’s is to get the facts first, then decide.
It may not be the shrewdest campaign strategy, but it’s the attitude I want in a President.
(I agree, by the way, that he needs to develop a stronger focus on foreign policy, but let’s not overstate the case with ill-thought-out comparisons)
In both cases you’re blindly agreeing to a policy without knowledge of the details.
Don’t get me wrong, I want Cain to make informed policy decisions rather than saying whatever to get elected, then waffling (Gitmo), but he’ll never get anywhere without specific policy positions. GOP voters are not like Dem voters. We don’t vote for the guy with the cool slogan (HOPE) that the press slobbers over.
hawkeye54 said:
You mean they haven’t figured out a way to uplink the ND ‘research’ to their remote site in Fiji yet? Well… obviously they need more funding..? We keep bumping up against that particularly here in the PNW where there essentially isn’t a private sector.
( In many Western states the State ‘is’ the largest employer )
Key clause in your link: “Cuba gained formal independence in 1902″. That invalidates the conclusion at the end of the sentence which it began. Cuba was a separate entity from the United States.
Cubans are legal immigrants subject to the jurisdiction of the U.S. as soon as their foot hits American soil.
We can argue Native vs. Natural all day, every day and frequently do, but until the SC defines the terms, it’s all just running mental laps.
Sigh! Well, if Obama is allowed to be POTUS, then I want Rubio!!
The only issue I have with Rubio is a lack of executive experience. I agree with him 100% on policy, but I don’t know if that’s enough.
There have been plenty of successful Presidents who did not have “executive experience”. Ike was one. And I LIKED IKE!
Um, a point of order!
Generals, by definition, are executives. They are “in charge” of operations, manpower, budget, etc.
That they are…and being in command of the ETO, Ike had to put his diplomacy skills to work too.
Yeah, Eisenhower probably had more executive experience than any other POTUS in the 20th century.
What might be good for him, if he does have higher aspirations, is to serve a term or two in the senate, and leave before he goes astray due to the effects of the DC swampgas, then have a run at governor of Florida. If he is successful with that, he gets a good grounding in executive experience and a launching pad for a presidential run.
He (Rubio) could skip the senate. Governor of Florida would be adequate for a presidential resume, I think.
That is a good resume for anyone running for POTUS.
I think John Kasich is positioning himself for a run after he’s done being Governor of Ohio.
He’ll be good in 2020 after President Palin’s two terms.
happy: I am a big lamecherry fan, keeps me in stitches.
Go here and read what others think.
http://giveusliberty1776.blogspot.com/
Doug, when I first read that I figured it meant that the left over stimulous money was going to used to hire more TSA screeners.
FIFY
That’s not true at all. Voting for a candidate doesn’t mean you agree with everything he might choose to do. And if it did, it wouldn’t matter what he says before he gets elected anyway, because nothing stops him from going against his campaign promises, especially in the area of foreign affairs, something that’s always subject to changing conditions and information not available to a candidate. He might as well be honest about that fact up front.
Now what I would like him to say regarding Afghanistan, is to challenge those calling for withdrawal to publicly answer some basic questions, like: What’s their alternative strategy for defeating the jihadists? Are they OK with the Taliban retaking Afghanistan? Are they under the impression that a development like that wouldn’t strengthen al-Qaeda?
That way, he can still keep his own options open (something any good president absolutely should do) while still demonstrating some awareness of what’s at stake.
On May 26th, 2011 at 10:53 am, Paratus said:
I do not know in terms of $s or percentages, but aren’t many of those folks in public sector unions also in the middle class? They are not likely in the lower class. Some union leaders would be in the upper middle class. We know how slavish they are about Obummer and Dems.