Thursday, February 10, 2011

Progressives of All Parties are Destroying America

The progressives of all parties who hijacked the federal bureaucracy have just about destroyed us. Sure, they started with good intentions, but we’re now morally, intellectually and financially bankrupt.

WASHINGTON—The federal budget deficit will reach a record of nearly $1.5 trillion in 2011 due to the weak economy, higher spending and fresh tax cuts, congressional budget analysts said, in a stark warning that will drive the growing battle over government spending and taxation.
As a percentage of the nation's economic output, the 9.8% deficit would be the second-largest since World War II, behind only the 10% level in 2009.
"This report is a reflection of the gross mismanagement of our nation's finances," said Rep. Tom Price (R., Ga.). "It should make every American think twice about the latest calls by the president to increase spending at a time when Washington can clearly not afford to pay its bills." . (WSJ – Deficit)
We’ve spent ourselves to the brink of bankruptcy, but most sickening of all is that we have nothing to show for it.

Social Security is going broke…
New congressional projections show Social Security running deficits every year until its trust funds are eventually drained in about 2037.

This year alone, Social Security is projected to collect $45 billion less in payroll taxes than it pays out in retirement, disability and survivor benefits, the nonpartisan Congressional Budget Office said Wednesday. (El Lay Times)
Obamacare will not save any money, and no, you can’t keep your coverage…
WASHINGTON (AP) — Two of the central promises of President Barack Obama's health care overhaul law are unlikely to be fulfilled, Medicare's independent economic expert told Congress on Wednesday.
The landmark legislation probably won't hold costs down, and it won't let everybody keep their current health insurance if they like it, Chief Actuary Richard Foster told the House Budget Committee. (AP – Medicare Official Doubts)
Meanwhile, HHS is handing out Obamacare waivers, 733 and counting …

Over at HUD, they’re having a party with our money and creating failure, which justifies requests for even more taxpayer funds…
Even by Washington standards, $26 billion is a lot of money.

That’s the amount spent by taxpayers annually to provide housing for needy Americans. But there’s significant evidence that some of the monies have been poorly spent for years.
A joint investigation by ABC News and the Center for Public Integrity found that the Department of Housing and Urban Development has struggled to combat theft, corruption, and mismanagement in the more than 3,000 public housing agencies nationwide it funds, and particularly inside the172 that HUD considers the most troubled. (Public Housing – Private Frustration)
Now who want to stand up and deny that the progressive house of cards is collapsing?


Divine Theatre said...

How do you spell the sound one makes when blowing with all their might?

amanofwonder said...

Oh Devine one,

It is spelled f-a-r-t and when progressives let go it sure stinks huh.

Anonymous said...

hee-yuck! Gimme some moonshine so I can be ignint some mo'!

Divine Theatre said...

I find it interesting that the lefties are too afraid to post and posit using their real identities.

Maggie@MaggiesNotebook said...

While we are making all the enormous changes we hope Republicans will make regarding entitlement programs, the first step should be to put the lock back on the SS box.

Wow! $26 m for housing the needy. That on top of the millions of the many good Samaritans out here putting their out-of-pocket money into doing the same.

I remember my pastor quoting Reagan after he took office - it's time to put the care of the needy back in the hands of the churches.

Good post Silver. There is so much to be righteously angry about.

MK said...

"It should make every American think twice about the latest calls by the president to increase spending at a time when Washington can clearly not afford to pay its bills."

And if it doesn't make every American think twice, believe me the rest of the world will and they'll refuse to lend you any more.

It's the same thing that happened to countries like Greece, one way or another every one of us will learn financial sobriety, either you learn it by yourself, the easy way OR it'll be forced upon you, the hard way.

Silverfiddle said...

$26 Billion Maggie!

And Anon, thanks for stopping by and representing the totally incoherent Obama voters. Has Obama paid your light bill yet?

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