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1. Federal Agency's Claims of Jobs Saved by Stimulus Were 'Unclear and Misleading,' Says Inspector General, Pete Winn, CNSNEWS.com, 1/6/11
Once again, President Obama and his administration caught lying to the public. His "stimulus" slush fund was to give your tax dollars to unions and special. Contrary to his words, it was not about shovel ready projects (which he now admits do not exist) or jobs. The Obama run Small Business Adminstration openly lied, and got caught.
"The Small Business Administration, which received $730 million under the American Recovery and Reinvestment Act to increase the availability of credit to small businesses, is making claims about the number of "jobs saved" that are “unclear” and “misleading” and which cannot be verified, according to a report issued by the agency’s inspector general. http://www.sba.gov/office-of-inspector-general/868/5165
“The lack of a definition for ‘jobs retained’ and the discrepancy in the forms used to collect job statistics from 7(a) borrowers and lenders has resulted in a performance metric with questionable clarity and transparency,” the inspector general said."
2. CBO Says Repealing ObamaCare Would Reduce Net Spending by $540 Billion, By Philip Klein, American Spectator, 1/7/11
Democrats for a generation, around election time, screamed that the Republicans were going to cut medicare by $3-5 Billion--and that was terrible. Now, the Democrats have cut Medicare by half a trillion dollars and they love it. Of course we know know that ObamaCare, if repealed would save the $500billion for the elderly AND save the taxpayers $540 billion to boot! BO prefers to bankrupt families, kill jobs, raise taxes and killoff citizens with rationed care, just as the British are dying due to their version of ObamaCare.
"The Congressional Budget Office, in an email to Capitol Hill staffers obtained by the Spectator, has said that repealing the national health care law would reduce net spending by $540 billion in the ten year period from 2012 through 2021. That number represents the cost of the new provisions, minus Medicare cuts. Repealing the bill would also eliminate $770 billion in taxes. It's the tax hikes in the health care law (along with the Medicare cuts) which accounts for the $230 billion in deficit reduction."Among the three, the CBO found that a fully privatized market would work best at eliminating the risky behavior that led to the GSEs collapse in 2008 and the expensive public bailouts that continue today.
3. CBO: Full Privatization of Fannie, Freddie May Be Best Option, By Matt Cover, CNSNEWS.com, 1/11/11
Why does the Federal government "own" and control 95% of the mortgage market. This is not an essential government service. Worse, these two government organization, based on laws passed by Cong. Barney Frank (absolutely no relative) created bigoted housing policies, forced lenders to give mortgage money to those unable to repay the loans.
Among the three, the CBO found that a fully privatized market would work best at eliminating the risky behavior that led to the GSEs collapse in 2008 and the expensive public bailouts that continue today.
“Privatization might provide the best incentive—market discipline—for prudent behavior on the part of intermediaries in the secondary mortgage market,” the CBO said. “Increasing competition in the secondary market would reduce the market’s reliance on the viability of any one firm, which could lessen the systemic risk borne by taxpayers.”
PRIVATIZE FANNIE AND FREDDIE!!
4. Trouble With Reality, Investors.com, 1/11/11
It is very apparent that Senator Harry Reid is in the early stages of dementia. There can be no other explanation for his belief that Social Security is "doing fine".
"Interviewed Sunday on NBC's "Meet the Press," Reid said he's bothered that people "run to Social Security" when "we start talking about the debt." "Social Security is a program that works and it's going to be, it's fully funded for the next 40 years. (So) stop picking on Social Security," he said.
When host David Gregory asked if the program was in crisis, Reid replied: "No, this is something that's perpetuated by people who don't like government." Then he reiterated his opinion that "Social Security is fine."
5. A Federal Gravy Train May End, By Elizabeth MacDonald, FOXBusiness, 1/12/11
Here is my challenge: Audit any government program, local, State or National--you will not find a single one without waste or corruption, usually both. Government has too much money--the deficit is caused by the mismanagement and corruption.
"Sen. Susan Collins (R-Maine) has filed a request with the Government Accountability Office [GAO], the Congressional watch dog agency, to audit once more the nearly century old federal workers’ disability program, where federal workers get lucrative disability payments. The government lists beneficiaries in their 100s receiving these taxpayer-funded payments.
The program, the Federal Employees’ Compensation Act [FECA], which the government launched in 1916, is supposed to cover lost wages for federal employees who suffer on-the-job injuries.
But many federal workers stay on the program for decades, well into their retirement. Those federal workers on disability can get nearly 75% of their salary tax-free for the rest of their life if they have one dependent, with annual cost of living adjustments."
How corrupt is this program?
"At the U.S. Postal Service, for example, 1,000 employees currently receiving federal workers' compensation benefits are 80 years or older,” the Senator adds. “Incredibly, 132 of these individuals are 90 and older and there are three who are 98. This abuse may extend across the government where the Dept. of Labor regularly pays benefits to employees in their 70s, 80s, 90s, and even 100s.”
More...
1. Federal Agency's Claims of Jobs Saved by Stimulus Were 'Unclear and Misleading,' Says Inspector General, Pete Winn, CNSNEWS.com, 1/6/11
Once again, President Obama and his administration caught lying to the public. His "stimulus" slush fund was to give your tax dollars to unions and special. Contrary to his words, it was not about shovel ready projects (which he now admits do not exist) or jobs. The Obama run Small Business Adminstration openly lied, and got caught.
"The Small Business Administration, which received $730 million under the American Recovery and Reinvestment Act to increase the availability of credit to small businesses, is making claims about the number of "jobs saved" that are “unclear” and “misleading” and which cannot be verified, according to a report issued by the agency’s inspector general. http://www.sba.gov/office-of-inspector-general/868/5165
“The lack of a definition for ‘jobs retained’ and the discrepancy in the forms used to collect job statistics from 7(a) borrowers and lenders has resulted in a performance metric with questionable clarity and transparency,” the inspector general said."
2. CBO Says Repealing ObamaCare Would Reduce Net Spending by $540 Billion, By Philip Klein, American Spectator, 1/7/11
Democrats for a generation, around election time, screamed that the Republicans were going to cut medicare by $3-5 Billion--and that was terrible. Now, the Democrats have cut Medicare by half a trillion dollars and they love it. Of course we know know that ObamaCare, if repealed would save the $500billion for the elderly AND save the taxpayers $540 billion to boot! BO prefers to bankrupt families, kill jobs, raise taxes and killoff citizens with rationed care, just as the British are dying due to their version of ObamaCare.
"The Congressional Budget Office, in an email to Capitol Hill staffers obtained by the Spectator, has said that repealing the national health care law would reduce net spending by $540 billion in the ten year period from 2012 through 2021. That number represents the cost of the new provisions, minus Medicare cuts. Repealing the bill would also eliminate $770 billion in taxes. It's the tax hikes in the health care law (along with the Medicare cuts) which accounts for the $230 billion in deficit reduction."Among the three, the CBO found that a fully privatized market would work best at eliminating the risky behavior that led to the GSEs collapse in 2008 and the expensive public bailouts that continue today.
3. CBO: Full Privatization of Fannie, Freddie May Be Best Option, By Matt Cover, CNSNEWS.com, 1/11/11
Why does the Federal government "own" and control 95% of the mortgage market. This is not an essential government service. Worse, these two government organization, based on laws passed by Cong. Barney Frank (absolutely no relative) created bigoted housing policies, forced lenders to give mortgage money to those unable to repay the loans.
Among the three, the CBO found that a fully privatized market would work best at eliminating the risky behavior that led to the GSEs collapse in 2008 and the expensive public bailouts that continue today.
“Privatization might provide the best incentive—market discipline—for prudent behavior on the part of intermediaries in the secondary mortgage market,” the CBO said. “Increasing competition in the secondary market would reduce the market’s reliance on the viability of any one firm, which could lessen the systemic risk borne by taxpayers.”
PRIVATIZE FANNIE AND FREDDIE!!
4. Trouble With Reality, Investors.com, 1/11/11
It is very apparent that Senator Harry Reid is in the early stages of dementia. There can be no other explanation for his belief that Social Security is "doing fine".
"Interviewed Sunday on NBC's "Meet the Press," Reid said he's bothered that people "run to Social Security" when "we start talking about the debt." "Social Security is a program that works and it's going to be, it's fully funded for the next 40 years. (So) stop picking on Social Security," he said.
When host David Gregory asked if the program was in crisis, Reid replied: "No, this is something that's perpetuated by people who don't like government." Then he reiterated his opinion that "Social Security is fine."
5. A Federal Gravy Train May End, By Elizabeth MacDonald, FOXBusiness, 1/12/11
Here is my challenge: Audit any government program, local, State or National--you will not find a single one without waste or corruption, usually both. Government has too much money--the deficit is caused by the mismanagement and corruption.
"Sen. Susan Collins (R-Maine) has filed a request with the Government Accountability Office [GAO], the Congressional watch dog agency, to audit once more the nearly century old federal workers’ disability program, where federal workers get lucrative disability payments. The government lists beneficiaries in their 100s receiving these taxpayer-funded payments.
The program, the Federal Employees’ Compensation Act [FECA], which the government launched in 1916, is supposed to cover lost wages for federal employees who suffer on-the-job injuries.
But many federal workers stay on the program for decades, well into their retirement. Those federal workers on disability can get nearly 75% of their salary tax-free for the rest of their life if they have one dependent, with annual cost of living adjustments."
How corrupt is this program?
"At the U.S. Postal Service, for example, 1,000 employees currently receiving federal workers' compensation benefits are 80 years or older,” the Senator adds. “Incredibly, 132 of these individuals are 90 and older and there are three who are 98. This abuse may extend across the government where the Dept. of Labor regularly pays benefits to employees in their 70s, 80s, 90s, and even 100s.”
More...