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Obama calling for more infrastructure spending

September 6th, 2010 . by TexasFred

Obama calling for more infrastructure spending

WASHINGTON (AP) - President Barack Obama is asking Congress to approve at least $50 billion in long-term spending in the nation’s roads, railways and runways in a pre-election effort to show he’s trying to stimulate the sputtering economy.

The infrastructure spending is part of a package of targeted proposals the White House announced on Monday. With November’s elections for control of Congress approaching, Obama planned to discuss the proposal later Monday at a Labor Day event in Milwaukee.

The proposals would require congressional approval, which is highly uncertain with many legislators and voters worried about adding to federal deficits that are already sky-high. With Republicans saying spending is out of control and polls showing many people want to end Democrats’ control of Congress, even many Democratic lawmakers are reluctant to approve new spending so close to Election Day.

Even if legislators could pass a bill in the short window between their return to Capitol Hill in mid-September and the elections, the early projects would not create jobs immediately. Senior administration officials, who would not be quoted by name before Obama’s announcement, said the initial projects would lead to new jobs over the course of 2011.

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Obama calling for more infrastructure spending

What do you get when you elect a community organizer to the highest office in the land?

A community organizer. Nothing more.

All Barack Hussein Obama and his band of ne’er do wells have done is bankrupt America. Now he wants to take America even further into the abyss with deficit spending that is nothing more than smoke and mirrors.

It’s not that the USA doesn’t NEED to spend money on our crumbling infrastructure, we do, but it’s a simple fact that we don’t have the money to spend. Most Americans know that, Obama isn’t most Americans. The Democrats that worship their Obamessiah aren’t most Americans.

This nation is hurting, and Obama sends his wife on holiday to Spain, on OUR dime.

Obama has a plethora of known TAX CHEATS in his administration.

Obama himself takes more vacations than ANY president ever has.

Soon, that will change. Watch this video.

I’m not at all convinced that the Obama regime understands what a deficit, or deficit spending is. But once again the Obama administration is about to attempt the launch of one of their we can spend our way out of this thing programs.

deficit - noun

1. (Economics, Accounting & Finance / Accounting & Book-keeping) the amount by which an actual sum is lower than that expected or required
2. (Economics, Accounting & Finance / Accounting & Book-keeping)
a. an excess of liabilities over assets
b. an excess of expenditures over revenues during a certain period
c. an excess of payments over receipts on the balance of payments

Let me make this very simple for the simple minds that are running our nation; we are BROKE! America is SO broke, we can’t pay attention. And Obama wants to spend MORE!

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California fiscal emergency declared, IOUs expected soon

July 1st, 2009 . by TexasFred

California fiscal emergency declared, IOUs expected soon

The IOUs aren’t in the mail but they are soon likely after California political leaders failed to reach a last-minute deal on fixing a $24.3 billion budget deficit Tuesday night.

Gov. Arnold Schwarzenegger on Wednesday declared a fiscal emergency to force lawmakers into a special session.

“Though the legislature failed to solve our budget problem yesterday, rest assured that solving the entire deficit remains my first and only priority, and I will not rest until we get it done. I will not be a part of pushing this crisis down the road — the road stops here,” Schwarzenegger said in a statement.

The governor’s declaration under Proposition 58 requires lawmakers to adopt a plan to close the deficit within 45 days.

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California fiscal emergency declared, IOUs expected soon

You can’t take an IOU to the pharmacy and get your prescriptions filled. Your kids can’t wear an IOU. You can’t EAT an IOU. How long does anyone think it will take for California to erupt in full blown RIOT MODE?

Those asshats in South Central, Watts and Cudahy don’t need much of an excuse. They have gone on a rampage simply because Rodney King got his ass beat. How long do you think it will take when bellies get empty and kids are sick?

How long do you think it will take to erupt when their loved ones are dying because they haven’t got the insulin they need to stay alive or the heart medications or cancer fighting drugs they need to stay alive? A desperate human is a dangerous animal.

Schwarzenegger also signed an executive order forcing 220,000 state workers to take a third furlough day without pay beginning this month.

I suppose they can live with that. It will hurt, just not as bad as being completely out of a job. But honestly, will that furlough day even be a drop in the bucket? I don’t have a clue, I hope BZ, Gawfer or Bushwack will weigh in here, they are a lot more knowledgeable concerning California.

The governor proposed $16 billion in cuts, borrowing $2 billion from local governments and taking $6 billion from other government accounts. He also backs accelerated personal and corporate income tax collections, as well as a 5 percent cut in state employee pay.

Borrow, cut pay, increase taxes, hmmm. I thought Arnie was a Republican?? Oh, wait, he’s a Kennedy in disguise, I forgot, just a RINO poser that thinks you can borrow, cut salaries and tax your way out of everything. Remind you of any other foreign born poser in power?

State leaders thought they had resolved the current year budget earlier than ever when they adopted one in February, but the recession cut tax revenue by about 20 percent since then.

So, tax revenue drops and Arnie proposes RAISING taxes. What the hell? I know Arnie isn’t a *country person* like some of us, I guess he never heard the old expression, ‘You can’t get blood from a turnip’.

Things are bad all over, but it looks like California is in worse shape than anyone at this moment. Then you throw in the welfare that California pays out, and the medical care they provide, and I am talking about that provided to ILLEGALS. Well, couple that with LEGAL citizens already being very angry, the ILLEGALS not getting their *free cheese* and then throw in an incredibly unstable gang population that would likely thrive in the event of civil insurrection and there you have it.

A recipe for disaster.

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