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Thursday, May 31, 2012

Illinois State Representative Furious Over a Bill

Rep. Mike Bost (R-Murphysboro), launched into a tirade this Tuesday as he complained about the amount of power Speaker Madigan wields. Bost screamed, yelled and threw papers as he expressed frustration about the Democrat-led plan to overhaul the state pension system, which would require the State to raise property taxes to fund pension costs that are now picked up by the state, ....pensions undoubtabley "negotiated" by Unions.

Cowboy's comment: I guess the U.S. Congress isn't the only legislative body to have idiots like Nancy "pass the bill to find out whats in it" Pelosi.

In part Bost shouts “Total power in one person’s hands – not the American way!” The he threw several sheets of paper in the air and punch them as they landed. “These damn bills that come out here all the damn time, come out here at the last second!” Bost said as he threw the papers on the floor. “I’ve got to figure out how to vote for my people! You should be ashamed of yourselves! I’m sick of it!” Bost went on. “Every year! We give power to one person! It was not made that way in the Constitution!”

You Go Mr Bost! You're a Patriot!!

Tuesday, May 29, 2012

Only in America

The next time you get into a debate with a Liberal maybe these short facts can help you clearly articulate a reply......before you walk away, because in the end you really cannot argue with someone who cannot use facts nor critical thinking to arrive at a reasonable conclusion.

1) Only in America could politicians talk about the greed of the rich at a $35,000 a plate campaign fund raising event.
2) Only in America could people claim that the government still discriminates against black Americans when we have a black President, a black Attorney General, and roughly 18% of the federal workforce is black. 12% of the population is black.
3) Only in America could we have had the two people most responsible for our tax code, Timothy Geithner, the head of the Treasury Department and Charles Rangel who once ran the Ways and Means Committee, BOTH turn out to be tax cheats who are in favor of higher taxes.
4) Only in America can we have terrorists kill people in the name of Allah and have the media primarily react by fretting that Muslims might be harmed by the backlash.
5) Only in America would we make people who want to legally become American citizens wait for years in their home countries and pay tens of thousands of dollars for the privilege while we discuss letting anyone who sneaks into the country illegally just become American citizens.
6) Only in America could the people who believe in balancing the budget and sticking by the country's Constitution be thought of as "extremists."
7) Only in America could you need to present a driver's license to cash a check or buy alcohol, but not to vote.
8) Only in America could people demand the government investigate whether oil companies are gouging the public because the price of gas went up when the return on equity invested in a major U.S. oil company (Marathon Oil) is less than half of a company making tennis shoes (Nike).
9) Only in America could the government collect more tax dollars from the people than any nation in recorded history, still spend a trillion dollars more than it has per year for total spending of $7 million PER MINUTE, and complain that it doesn't have nearly enough money.
10) Only in America could the rich people who pay 86% of all income taxes be accused of not paying their "fair share" by people who don't pay any income taxes at all.

Only in America,...Damn shame too.

Monday, May 28, 2012

Vast Right Wing Conspiracy: Dems Accuse GOP of Economic Sabotage — Again

From a story on The Blaze.

WASHINGTON (AP/The Blaze) — Are Republican lawmakers deliberately stalling the economic recovery to hurt President Barack Obama’s re-election chances? Some top Democrats say yes, pointing to GOP stances on the debt limit and other issues that they claim are causing unnecessary economic anxiety and retarding growth. The latest Democratic complaint came after House Speaker John Boehner said Tuesday that when Congress raises the nation’s borrowing cap in early 2013, he will again insist on big spending cuts to offset the increase. Boehner, R-Ohio, continues to reject higher tax rates, which Democrats demand from the wealthy.

Cowboy's Comment: No, the Republicans are stalling. In fact it would be in their interests to work with Obama and help get him a second term. Yes, tht right, get Obama a second term. If the Country doesn't tank, then the Republicans may just win the Exeuctive Office and both Houses of Congress for the next several decades as people will remember the incredible damages of an eight year Obama Presidency. If the People through the bum out this November as the Republicans get a slim, but working majority in the Senate and retain the House,....I just don't think it will be enought to get this country back on track and they will get the blame for it, then another anti-American, anti-capitalist Democrat will come out of nowhere and then it may be all she wrote for this Country. Anyway, back to the article:

That led Sen. Chuck Schumer, D-N.Y., to say Boehner is virtually assuring another debt-ceiling crisis as bad or worse than the one that shook financial markets nine months ago. “The last thing the country needs is a rerun of last summer’s debacle that nearly brought down our economy,” Schumer said in a statement. In an interview, Schumer added: “I hope that the speaker is not doing this because he doesn’t want to see the economy improve, because what he said will certainly rattle the markets.”

Boehner responded in a statement: “Republicans have passed nearly 30 bills that would help small businesses create jobs and we are waiting on Senate Democrats to vote on these common-sense measures. The failure to act on these jobs bills, as well as our crushing debt burden, is undermining economic growth and job creation.”

Democrats say Republicans loaded their jobs bills with provisions certain to doom them in the Senate, such as restrictions on unions and on regulatory agencies such as the Environmental Protection Agency. Regardless of whether Schumer’s suspicions are correct, there’s evidence that unceasing partisan gridlock and the prospect of big tax increases and spending cuts in January are causing some companies to postpone expansions.

Even small economic slowdowns are bad news for Obama, who is seeking re-election amid high unemployment. The Washington Post this past week compiled a list of military contractors, hospitals and universities that are delaying hires and bracing for cuts, partly because of fears that Washington’s partisan divisions will not abate.

The most obvious showdown will happen soon after the Nov. 6 election. Unless a lame-duck Congress can make deals, the economy will suffer a double whammy of large tax increases and spending cuts, starting Jan. 1. The tax increases would hit virtually every working American and the spending cuts would affect military and domestic programs. Economists say that what Federal Reserve chairman Ben Bernanke calls a “fiscal cliff” could possibly lead to another severe recession.

On top of that, perhaps by late January or so, Congress and the president — be it Obama or Republican Mitt Romney — will again confront the need to raise the country’s borrowing limit or else trigger a first-ever government failure to pay its debts. A partisan showdown over this issue last summer led to a downgrade in the nation’s credit worthiness and a sharp stock market drop. These crucial decisions will occur after the presidential election.

But investors, planners and business owners make decisions about hiring, expansion and investments months in advance. The more they worry about a serious economic downturn in nine months or so, the more reluctant they are to expand operations and hire workers now. “All that uncertainty has us cautious, and we’re scaling back our hiring expectations,” said Eric Remington, vice president of Kaman Corp., which recently canceled plans to hire 200 new workers at a defense aerospace plant in Jacksonville, Fla.

Schumer and other top Democrats have said for months that GOP lawmakers may be trying to strangle the economic recovery for political reasons. “Their strategy is to suffocate the economy for the sake of what they think will be a political victory,” Obama’s campaign manager, Jim Messina, wrote in an email to supporters last October, when Congress was debating a jobs bill. Senate Majority Leader Harry Reid, D-Nev., said his Republican counterpart was not cooperating on that legislation “in hopes that he can get my job, perhaps.”

Maryland Gov. Martin O’Malley, chairman of the Democratic Governors Association, told The Associated Press last year that some GOP lawmakers, “through their intransigence, cleverly set up a situation for America’s economy to fail, either by needlessly driving us to default, or needlessly driving us into massive public-sector layoffs.” Federal, state and local government layoffs have been under way for months. They may be necessary to reduce deficits and survive recessions. But they increase unemployment, a problem for any president seeking a second term.

Since February 2010, when the Labor Department started reporting a steady decline in unemployment, the private sector has gained 4.2 million positions. But federal, state and local governments during that time have cut more than 500,000 jobs – and those are just job cuts in the public sector.

What about the number of people who have dropped out of the workforce? “In April the number of people not in the labor force rose by a whopping 522,000 from 87,897,000 to 88,419,000 [emphasis added],” Zero Hedge reports. Bottom line: the economy created only 115,000 jobs in April, 522,000 people left the labor force, the “official” unemployment rate is 8.1 percent, and total employment for the month actually fell 169,000, according to CNBC.

House Democratic leader Nancy Pelosi of California did not ascribe partisan motives to Boehner’s latest warnings about the next debt ceiling showdown. But she said he may be unnecessarily hurting the economy. “It already can be damaging, just the fact that it’s brought up,” Pelosi told reporters Thursday. Republicans say it’s absurd to make such an accusation. They point to bipartisan efforts to pass jobs-creation bills, trade pacts and, after some arguments, an extension of the payroll tax cut that Obama originally had proposed for only one year.

GOP lawmakers want Congress to act this year to ensure that none of the Bush-era income tax cuts will expire, as scheduled, on Jan. 1. Such assurance, they say, could lead investors and business owners to start expanding and hiring now. Democrats say the move, by itself, would increase the deficit dramatically. They want to end the tax cuts for the wealthiest and they note that the economy boomed during Bill Clinton’s presidency, before the big tax cuts of 2001 and 2003 were enacted.

Boehner’s aides say the speaker supports tax law changes, including eliminating some loopholes and exemptions, that could result in greater revenue even if rates remain the same or are reduced. As for the debt limit, “allowing America to default would be irresponsible,” Boehner said Tuesday at an economic forum. “But it would be more irresponsible to raise the debt ceiling without taking dramatic steps to reduce spending and reform the budget process.”

Democrats say that’s precisely the type of economic saber-rattling that can frighten investors and employers, and damage Obama’s re-election hopes. Boehner disagrees. “I said that we should not wait until the 11th hour to address these issues,” Boehner told reporters Thursday. “The only ones who are talking about drama or brinksmanship are my Democrat colleagues.” The danger of another credit-rating downgrade “comes from continued inaction on the deficit, and our piling debt,” he said, not from “calls for action.”