Tag Archives: Barack Obama

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CBO finds that Obama understated budget deficits by 2.3 TRILLION

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From the Hill. (H/T Michelle Malkin)

Excerpt:

The Congressional Budget Office on Friday released its analysis of President Obama’s 2012 budget proposal and found it does less to rein in deficits and the debt than the administration had estimated.

CBO estimates Obama’s plan would produce 10 years of deficits totaling $9.5 trillion. By 2021, it would increase the debt held by the public to 87 percent of gross domestic product.

The administration, using different methods, estimated budget deficits would total $7.2 trillion over the next 10 years under the 2012 budget. It forecast that total debt in 2021 would be 77 percent of GDP.

The White House also said total deficits over the next decade would be $1.1 trillion more without the recommendations included in Obama’s budget.

Marc Goldwein, policy director for the Committee for a Responsible Federal Budget, said that CBO has found the effects to be almost nil.

He explained that the difference between the CBO’s $9.5 trillion estimate and OMB’s $7.2 trillion estimate comes from two sources: rosy economic growth assumptions by OMB and offsets for the Medicare doc fix as well as transportation spending OMB did not specify in the budget and which CBO will not factor in.

The most important aspect of CBO’s analysis is that, while OMB claimed the president’s budget “stabilized” the debt at 77 percent of GDP over the 10-year window, CBO estimates the debt will grow throughout the period and end up at 87 percent, he said.

Here’s Michelle Bachmann explaining that since the Democrats took control of the budget in 2007, over 5 trillion dollars has been added to the debt.

The chart Michele is talking about:

Barack Obama Budget Deficit
Barack Obama Budget Deficit

The last Republican budget was in 2006. The recession started in 2007, along with the spending.

Meanwhile, the Obama will attend his fourth party event of the month. It’s party time! Just like in college!

News

How is Obama responding to a recession and global instability?

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From Investors Business Daily.

Excerpt:

When Democrats held Congress, the Obama agenda was audacious. Today, faced with global unrest and an economic reckoning, the president is filling out basketball brackets and scolding school bullies.

‘There is only one president,” Senate Budget Committee Chairman Kent Conrad, D-N.D., told Politico this week, when asked if President Obama should be exercising leadership toward reforming America’s out-of-control entitlement spending programs, such as Medicare and Social Security.

The soothsayer famously told Julius Caesar to “beware the ides of March.” One of the priority items for Obama on Tuesday, March 15, was taping his picks for the NCAA basketball tournament.

Last week, the president and the first lady were holding a “White House Conference on Bullying Prevention,” at which he recalled being taunted because of “big ears and the name that I have.” He lamented recent youthful suicides, such as those of Ty Field and Carl Walker-Hoover.

We can’t just accept that “kids will be kids,” Obama insisted, citing data showing that many American students have been “pushed, shoved, tripped, even spit on.”

Then, of course, there is the partying. Late last month, the president and first lady treated themselves to an East Room concert by Smokey Robinson, Sheryl Crow, comedian Jamie Foxx and others. At previous soirees, the Obama White House has hosted Stevie Wonder, Paul Simon, Tony Bennett, Bob Dylan, Joan Baez, and even a cavalcade of stars from Broadway shows.

And let’s not forget former Beatle Paul McCartney being flown in from England to sing “Michelle” to the first lady and attack President George W. Bush from the East Room stage.

He has no idea what the average American family is facing right now.

 

 

 

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What is the real solution to child obesity and bullying?

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From the Washington Examiner.

Excerpt:

Call it the Nanny State run amok. By hosting an all-day White House conference on adolescent bullying last week, President Obama elevated a schoolyard issue to the level of public enemy No. 1, perhaps on a par with the first lady’s labors on behalf of childhood obesity.Typical of all federal “preventions” that mobilize the Departments of Education or Health and Human Services on behalf of some perceived crisis, none of the players of the conference had the guts to yank at the underlying root of the bullying culture: family breakdown.

[…]In a national study of nearly 2,500 Norwegian boys and girls ages 12 to 15 published in the November issue of European Child and Adolescent Psychiatry, researchers found a substantial statistical correlation between both victims and aggressors of bullying and parental divorce.

Given that both victims and aggressors of bullying, relative to their noninvolved peers, were also found to experience more psychological problems, the parental-divorce link should not be surprising.

The distress of parental breakup, the Norwegian researchers claim, leaves adolescents emotionally vulnerable and therefore easy targets for bullies among their peers.

At the same time, parental divorce incubates bullying by leaving adolescents, according to study, with “less monitoring, often fewer adults to confide in, and sometimes increased aggression because of feelings of loss.”

[…]Yet this common-sense understanding of bullying wasn’t entertained at the White House. If this were the first time Team Obama ignored the data, it might not be troubling.

Instead, a disturbing pattern is emerging: The first lady’s high-profile campaign against childhood obesity suffers the same blind spot. Paralleling the Norway study on bullying, recent research on obesity finds that children of divorced or single parents suffer another disadvantage to their well-being: higher risks of being overweight.

For example, scholars at the Robert Stempel College of Public Health and Social Work in Miami, writing in the International Journal of Environmental Research and Public Health last July, found that children in single-parent households, relative to their peers from two-parent households, were more likely to be “overweight” and nearly three-quarters as likely to be “obese,” or seriously overweight (odds ratio: 1.72). Kids from broken homes were also more likely to have higher cholesterol levels and lower HDL levels, indicators of type 2 diabetes.

By not keeping up with the research, the White House ends up, as it did last week with the bullying conference, calling for greater public “interventions” by education and health authorities to address the problem.

Democrats are ignorant. They attack traditional marriage because marriage supports “unequal gender roles”, which is incompatible with feminism. They think that stay-at-home moms can be replaced by strangers and that children will not be adversely affected. And then when massive social problems result from the destruction of marriage, they resort to legislating higher taxes and more social programs – draining money out of the families that are left to subsidize more broken homes. Single mother families are the leading cause of child poverty. It’s a death spiral, and it’s going to continue until people stop acting irresponsibly and expecting their neighbors to bail them out.