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One year ago, September 8th, 2011, the greatest President in our lifetime (you may not agree now, but you will, you will) laid out the American’s Jobs Act.

The plan included stimulus spending in the form of immediate infrastructure investments, tax credits for working Americans and employers to encourage consumer spending and job growth, and efforts to shore up state and local budgets to prevent further layoffs of teachers, firefighters, police officers, and other public safety officials…..

IT NEVER BECAME LAW.

One month later, the GOP blocked the bill in the Senate, preventing the creation of more than a million jobs and the added growth that multiple economists predicted would occur if the bill passed…..

1 million jobs, Republicans like Mitt Romney, Paul Ryan, Eric Cantor, Mitch McConnell, and every single person running this election under the banner of Republicanism… cost you..

1 million jobs. One million jobs.

Jobs bills are seeds that usually sprout and give fruit in other jobs. If ten people in your community suddenly get jobs, they will spend some of that in your community. It could be groceries. It could be gasoline, It could be the Indian liquor store. It could be Radio Shack. But they get it. When the government creates jobs, we get the benefit.

Republicans killed 1 million jobs. Why? So Obama would not get re-elected.

Where would unemployment be now?

12.5 million unemployed minus 1 million employed equals= 11.5 million unemployed. Today our rate would be with no additional growth in the private sector, 7.4% (11.5/154.6= 7.4%)

Republicans are the reason our economy sucks. They didn’t want Obama to do his thing…. and grow those jobs…..

Here is what others said the Jobs Bill, killed by Republicans so Obama wouldn’t get elected, ……

Moody’s Analytics estimated the American Jobs Act would create 1.9 million jobs and add two percent to gross domestic product.

–The Economic Policy Institute estimated it would create 2.6 million jobs and protect an addition 1.6 million existing jobs.

Macroeconomic Advisers predicted it would create 2.1 million jobs and boost GDP by 1.5 percent.

Goldman Sachs estimated it would add 1.5 percent to GDP.

Republican Tea Partiers have also cut 700,000 jobs since 2010. Public-sector job cuts also cause job loss in the private sector, for a couple of reasons. First, public-sector workers need to use inputs into their work that are sourced by the private sector. Firefighters need trucks and hoses, police officers need cars and radios, and teachers need books and desks. When public-sector jobs are lost, it stands to reason that the inputs into these jobs will fall as well, and indeed research shows that for every public-sector job lost, roughly 0.43 supplier jobs are lost.

And they blame Obama? Gee, what a great president we have who has to work with garbage and still, does what is right for the American people. 96,000 brand new, never before, created jobs in July…. Surely we live in the times of the “Best President Ever”

If America can just wipe out every single Republican on the ballot, whose party is solely responsible for the crash in 2008, the fall in 2009, the crises in 2011… today’s sluggish growth… we would get roaring.
Republicans can do no right. At least when it comes to your money…

Their money? Oh, no problem.. “I’ll bet you $10,000 dollars, right here….”

The headlines should read:

OBAMA GROWS 96,000 JOBS DESPITE REPUBLICANS CONTROLLING HOUSE.

Now that, is a proper headline.

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One of the nice things about not blogging, is that I can now go back in time.

Just testing out my new toy (homemade time machine), I set it for August 4, 1999….  (It was supposed to be April 4, but I belatedly realized I needed to put more than just an initial for the month…Sigh. Life is a learning process… )

Since this was just a test (I didn’t want to get lost in time), I just took it the millennial equivalent of around the block.

While there, I came across this and said:  “Damn”.


Courtesy of BBC

Wow. We’d just paid down $38 billion of the debt and could see how the national debt would disappear in 2008….

And here are some other items lifted out of that context…. doesn’t it seem like so long ago?

Treasury Secretary Lawrence Summers said that “reducing the supply of Treasury debt held by the public brings enormous benefits for our economy”.

Savings could be used instead for more productive investment in factories, while reducing the total amount of debt would help cut interest rates.

Official projections suggest trillions of dollars in budget surpluses over the next 15 years, boosted by a strong economy and strict controls on spending.

The Republicans are proposing a $792bn tax cut, while President Clinton and the Democrats want to add funds to the social security retirement programme and Medicare, which provides health care for older people.

Wouldn’t that have been nice?

Such a course of action has long been advocated by Alan Greenspan, the influential chairman of the US central bank, the Federal Reserve.

He argues that reducing government debt should take priority over tax cuts, as the move will free funds for private investment and lower government spending.

We blame Greenspan for a lot of things, but even he, was against what became known as the Bush Tax Cuts. Simply because they are harmful to the United States of America.

The government hopes that by making repurchases, rather than just selling less debt in the future, it can better manage its portfolio to save money.

By retiring longer term debt, while issuing more cheaper short-term bonds, it will keep the cost of the debt repayments lower.

Can someone tell me again why we went away from this policy? Oh, yeah, Republicans won….

So today the National Debt stands at $16 Trillion in debt. If we made no changes, and just taxed all corporate profits at 100% like we did during WWII, at $2 Trillion a quarter, we could pay off the entire national debt in 2 years….

Without hurting a damn thing.

Let’s get started. To do so we need to send NO Republicans to any office. When the scale of their loss becomes apparent, all guilty parties will know, that this IS the will of the people. No increase in spending; just tax all the profits of the Bain Capitals and use THAT money to buy back Treasury Bonds early….

The only downside to this plan, is a roaring economy. But we’re a big nation. We can handle that….

Back in 2000 when we the CBO projected budget surpluses “as far as the eye can see”, Paul Ryan argued that the deficit was too low.

Today, our budget is in crises. Paul Ryan says we will face cataclysmic failure if we do not eliminate our welfare state.

But in 2000, Paul Ryan took the opposite tack. The surplus is huge; we must eliminate it it lest the government pay off the entire national debt and start buying up private industry….

Paul Ryan voted for funding the Iraq War by borrowing. He voted for the theft of $1.6 Trillion from the Treasury in the form of the Bush Tax Cuts. He voted to fund the Medicare Prescription Fund by borrowing. Paul Ryan voted borrowing for the TARP fund, as well as borrowing to fund ethanol subsidies.

In fact: if we didn’t have Paul Ryan in Congress, today we wouldn’t have a deficit.

(His budget projects a deficit that is 10 times greater than that proposed by Obama.) When Republicans were in power, the deficit was too small. When Democrats took over, the deficit was prime target number one.

Some things haven’t changed. Ryan still wants the wealthy to pay no taxes. His policies still put the financial burden on the middle class. Likewise Ryan still wants to increase military spending beyond what is rational.

Ryan once said, a surplus was far more dangerous than having a giant deficit. As his budget shows, nothing has changed. Today he has a primary challenger who may topple him, if his constituents ever find out how their lives were ruined by the man they put in office.

(I’m so sorry; there just was no way I could not use that title…)

Ryan’s budget makes people so mad they want to kick Paul Ryan in the balls.

How dare he make up figures out of thin air that don’t have one grounding in reality?

But, even though he is a Republican, and Republicans are in desperate need of a “reality check..”… it is wrong to kick a Congressman in his balls… I call on Secret Service Protection for the junior Congressman from Wisconsin…. (Actually the whole state has gone crazy since Brett Farve left Green Bay)…. Because Paul Ryan is in grave danger… of losing his privates to any passing stranger.. 🙂

Here are some things in his budget that may cause people to react violently.

Elimination of Medicare: meaning that if you can’t afford inflated medical care, you will now do without… If you CAN afford medical care, you will be paying out of pocket, anywhere between $15,000 and $20,000 more a year in medical costs…. Courtesy of the GOP.

Likewise, there will be no change in taxes being paid by the bottom 52% of the population who already pay no taxes. The savings of having your rate drop to 10%, is only on paper, because a family of four now has a $49,000 deduction.

Also no corporation will pay taxes. Nor will wealth be taxed in any entity. To pay for this loss of income, Ryan has ballooned the effect this will have on the economy. However, even at first glance, it is rather obvious, that if no one is paying taxes, then no matter how well they are doing, the finances will not come in…. Zero times billions is still zero….

And he will cut jobs. Eliminate the Federal Government as we know it. Need someone to check if your drugs are safe? Gone. Need someone to check if your food is safe? Gone. Need someone to check if your investments are safe? Gone. Need someone to muscle the oil companies when they get uppety? Gone…

By Ryan’s budget, we will be paying $6.00 a gallon of gas. $9.00 for a gallon of milk. $45 dollars for a gallon of Pepto Bismol, which we will certainly need… Our home electric bills will climb to $400 a month. Our grocery gills will climb to $1000 a month. Our insurance will soar to over $2000 a month….

If you get sick, a doctor’s visit without insurance will cost over $1000.

State and Local governments will have to fill in for what the Federal Government is eradicating, meaning that any tax credit you get from the Federal Government, you will pay out even more to state and local governments who now have to bear the full cost of each and every expenditure.

It used to be that very wealthy people paid a lot of money of which they had no way of spending, and that was divested to state’s and local government.

Now, you will have to pay the cost while the rich pay nothing …..

Seriously, this budget is like a high school project, where the students were just concerned with making sure the math added up right, and not even the slightest concerned over the effect it would have on America the nation.

This budget will end America… Pure and simple.

Obama’s budget however, puts us on a track of sustained growth and prosperity.

So, refrain. Don’t go kicking Ryan’s privates in your anger….. Just swear that for your life, you will never vote for a Republican again, and you will do your best to persuade every human being that crosses your path, to do the same….

It is not about politics; who really gives a shit about Democrats and Republicans…. Instead, it is about survival… While America’s citizens are bailing out water of the Titanic’s lifeboat, these knuckleheads are drilling holes in the bottom of the floor .. Throw them overboard…

Here it is again…… Crack Smokers….

By the end of fiscal 2016, little more than a month before Election Day, Gingrich’s plan would produce a deficit of 7.8 percent of the economy, or almost $1.5 trillion. Santorum’s blueprint would produce a deficit in the $1.2 trillion range, or 6.5 percent of gross domestic product. And Romney’s plan – given the benefit of the doubt since his new tax plan is so vague – would generate a 2016 deficit of between $700-800 billion or so. Paul’s plan would leave a 2016 deficit of almost $500 billion.

Obama’s budget claims a $649 billion deficit by 2016, relying on super amazingly awesome tax increases to do it.

Soooo…. what is it that Obama is doing that makes him the biggest threat to American since King George III?…..

May if you stopped smokin’ da crack, you’d realize Republicans are the biggest threat to America since King George III……

Lol…

Truth in Numbers

In 2121 the Debt grows under Newt Gingrich’s Plan…… $7 Trillion

In 2121 the Debt grows under Rick Santorum’s Plan….. $4.5 Trillion

In 2121 the Debt grows under Mitt Romney’s Plan……. $3.5 Trillion

In 2121 the Debt shrinks under Ron Paul’s Plan………. $ -2 Trillion

And in 2121, Under Obama’s plan which was the base line for these calculations……. the debt is neither + or – but $0.0 Trillion.

Bottom line, Gingrich, Santorum, Romney, will make things worse. If for some reason you don’t like Obama, you’d better go with Paul……

This information was compiled from a Republican think tank, one devoted to supporting the Tea Party….

They published this information. Little did they know it would backfire and scuttle their entire ship of data….

The reasons America has been so successful, has been because of deficit spending….

And before showing the data, I’ll have to laugh a little bit… It always seems like the party in power is defending deficit spending, … and the party out of power is decrying it……

“DEFICITS DON’T MATTER!!!!!!!” — Dick Cheney…. lol…

Here are the past three deficits….

FY 2012: $1,327 billion Obama
FY 2011: $1,300 billion Obama
FY 2010: $1,293 billion Obama
FY 2009: $1,413 billion Bush
FY 2008: $459 billion Bush
FY 2007: $161 billion Bush

Gosh 2007 looks nice… gee, that was only 5 years ago? (and a Democratic Congress mind you, lol)…

Here is the historical chart showing tax rates… Notice the only difference to speak off, is in the top line…..

Tax Rates Over The Past Half Century
Chart courtesy of New York Times

Obviously part of our deficit is from this small segment of the population, that has suddenly, (as soon as Congressmen were open for sale) has done well on their purchase….

The second chart is one that may surprise newcomers. It shows our GDP rising almost impervious to financial hits and booms, with the last exception occurring at the end of Bush’s reign.

GDP historical over this half centuryChart Courtesy of US Government Spending

Starting in 1970 the curve begins to turn and rise at the same pace through 2008, despite the greatness of Ronald Reagan’s tax cut, despite the increase by HW Bush, despite the high taxes imposed by Clinton’s democracy, despite the Bush Tax Cuts that we are about to end after the election cycle….

So, what happened in 1970 to start this phenomenon?

Our friend… deficit spending.

deficits this half century
Chart Courtesy of US Government Spending

Or, the totally bigger picture…..

deficits over our nations lifetime
Chart Courtesy of US Government Spending

Our deficit has made us grow… Had we cut the deficit, we’d have grown much less fast…

To any investor this should make tons of sense. (Romney the Liar). Any investor knows that it is smarter to invest $100,000 of borrowed money collaterallized by the $10,000 you actually own, than just invest the $10,000 in of itself…..

That apparently, without anyone really knowing or understanding it at the time, (we were just trying to pay bills and keep from raising taxes), is what we did……

So, if Gingrich, Santorum, or Romney, ever let this information get out, that …maybe deficit spending is not so bad after all, especially when it gets invested back into American, as it did with GM and Chrysler,…..

If anyone finds this out…. they are finished…….

The recession has popped a lot of dreams… It has forced a re-evaluation of priorities. It has put reality in the forefront.

So wiping off the table of everything, everything, and sitting down to a blank space, and asking myself, … what do I want, by the time I die.

It is:

A country where working people can earn enough to raise a family, build a modest savings, own a home and secure their retirement,”

After watching “It’s a Wonderful Life” you can be sure it can’t happen on a Republican’s watch….. For that dream to happen, we need protection from corporations and Big Money; not giving them more and more of what we make.

We need more money funneled away from big business, to be reinvested into the Middle Class… Since they haven’t done it voluntarily, we’ll have to force it.

Republicans can’t force anyone to do anything. They are putz’s. It will take a government of all Democrats to make Americans who die, at least die happy that they were able to secure:

“A country where working people can earn enough to raise a family, build a modest savings, own a home and secure their retirement”.

Truth, again lifted from Der Spiegal….

What a nice club that is. A club of liars, cheaters, adulterers, exaggerators, hypocrites and ignoramuses. “A starting point for a chronicle of American decline,” was how David Remnick, the editor of the New Yorker, described the current Republican race.

The Tea Party would take issue with that assessment. They cheer the loudest for the worst, only to see them fail, as expected, one by one. Which goes to show that this “movement,” sponsored by Fox News, has never been interested in the actual business of governing or in the intelligence and intellect that requires. They are only interested in marketing themselves, for ratings and dollars.

So the US elections are a reality show after all, a pseudo-political counterpart to the Paris Hiltons, Kim Kardashians and all the “American Idol” and “X Factor” contestants littering today’s TV. The cruder, the dumber, the more bizarre and outlandish — the more lucrative. Especially for Fox News, whose viewers were recently determined by Fairleigh Dickinson University to be far less informed than people who don’t watch TV news at all.

Maybe that’s the solution: Just ignore it all, until election day. Good luck with that — this docudrama with its soap-opera twists is way too enthralling. The latest rumor du jour involves a certain candidate who long ago seemed to have disappeared from the radar. Now she may be back, or so it is said, to bring order into this chaos. Never mind that her name is synonymous with chaos: Sarah Palin.


Right click to open full image… Pictograph Courtesy of Viral..

So, can someone tell me again, why we shouldn’t tax the rich, and instead, balance the budget on the backs of everyone else?…….

I seem to be missing that little detail where that all makes sense……