The Pardu

The Pardu
Watchful eyes and ears feed the brain, thus nourishing the brain cells.
Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts

Tuesday, May 13, 2014

US Debt, US Deficit, Spending and False Mantra About Obama Spending

Think Obama's a huge spender?
Last week we published a recent set of quick read pieces from Connect The Dots USA. Connect was one of the most prolific sources of information related to the Affordable Care Act as Congress worked in deliberation of the law and Connect was the point of information for the TPI as the GOP Congress sought to repeal the law. 

Now, that the ACA is yielding forecast results on many fronts, Connect has turned-on another beacon of light: federal spending via deficit and debt.

Connect Linked

I really must join Connect in illustration of US Debt and Federal spending.

In case you missed the point:

Now, take Knowledge Effect look at the same period with particular attention to the Debt Limit per administration with a ruling congressional party following in tow. Looks like DEMs in the House have been generous and cooperative in facilitating GOP Administration spending. Alas, before the election of Barack H. Obama as 44th President of the United States.

The Republican Party has procured economic failures since Ronald Reagan and his fantasy of trickle-down (Supply side) Economics. The GOP to date retains trickle-down as a nucleus of their economic policy. The policy over-time has contributed to obscene income inequality.

U.S. public debt and the debt limit, while color coding each column to show the ruling party at the time.

Freakalytics provides a perspective

An exception for the economic mess Obama inherited, ".......Republicans have been less successful at managing US Debt increases when in control of the Presidency, versus democratic presidential administrations." Freakalytics

One more item with clear illustration of Big GOP government spending. And the party does so with consistent mantra and lies about fiscal conservatism.

Read much more from Freakalytics.

One last meme.....

Have you seen enough to accept, "your GOP is not the party of the fiscally conscience." Do you say you are not convinced?

Do you think the American voter will ever realize they are the subjects of the most heinous and effective political subterfuge in US History? The GOP is no more fiscally conscience than it for human rights. 

I so have grown weary of hearing and reading about the disasters of the current administration.  I also have major issues with millions who buy into GOP propaganda and mis- information that leads to their running off to cast votes for a party that so clearly does not fight for the interest of all. In fact, the GOP only fights for its own interest and that personal interest involves serving as stooges and facilitator for the nation's wealthy. 

Sunday, February 24, 2013

Obama Administration and Sequester Breakdown (State-by-State)

President Obama and his economic team have proactively revisited the looming fiscal "sequester". The last proposal to House speaker Boehner was met with continued posturing in effort to place total blame for the issue on the resident.  As with any rational leadership recognition of the issue and  its critical om our fragile economy, needs continued efforts to move towards resolution.  If you recall we received reports last week that President Obama called both Boehner and McConnell.  It is duly noted,  we are not seeing like efforts to resolve the sequester from Republicans in Congress.

Multiple news sources are reporting the release of a detailed state-by-state breakdown of the effect of a fully enacted sequester.  The details look dire.  For those who do not feel the march sequester date is a jump-off point for fiscal collapse (Albeit temporary), my unqualified mind tells me, "Who the hell knows the truth and full impact." Have we been at this point in the past? The answer is "no."  We are not confident of any theory, theorem, posit, or opinion.  The bottom-line is, why do we have to go there at all?

WASHINGTON -- It's looking increasingly like the government is about to impose on itself $85 billion in across-the-board spending cuts. So as part of its strategy to pressure Republicans into accepting new revenues as part of a deal to prevent the sequester from taking effect, the White House released new reports on Sunday that outline the ugly effects those cuts would have in individual states.
Each state's report is linked below. But Jason Furman, principal deputy director of the White House's National Economic Council, pulled out some state-specific examples of the ways the cuts will hurt education, national defense, public health and the economy.
In Ohio, 350 teacher and teacher-aide jobs are at risk, which means 43,000 fewer students will be served, Furman said on a Sunday conference call with reporters. In Virginia, 90,000 civilian Department of Defense employees would be furloughed. About 4,180 fewer children in Georgia would get vaccines and, in Kentucky, 400 fewer victims of domestic violence would end up being served.
Read more 

The state by state breakdown of deficit cuts are as follows (States are reported as posted on Huffington Post)

2. Alaska
10. Florida
11. Georgia
12. Hawaii
13. Idaho
15. Indiana
16. Iowa
17. Kansas
20. Maine
27. Montana
29. Nevada
36. Ohio
38. Oregon
44. Texas
45. Utah
46. Vermont
51. Wyoming

Additional news source:  USA Today

Why would you place one bit of fiscal faith in the GOP. 

If we forget the past we are doomed to relive it!


Friday, December 28, 2012

Debt: Rich Vs. The Rest Of Us!

Enjoy while the caffeine kicks-in!!!!!

A morning peep at debt to go along with your Sumatra, Kenya AA, Tanzanian, French Roast, Kona Coast, Jamaica Blue Mountain, Ethiopian Yirgacheffe, Costa Rican, Espresso,  Moyobama Peruvian Organic, Indonesian Blend, Coffee Latte, Kauai Blend (often bitter), Colombian Red Lips, or your Folgers 100% Colombian. 

Ezra Klein does what Klein does..................

We have nothing to add.