Tag Archives: Spending

News

Obama administration tells 60,000 Border and Customs agents to take furloughs

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If you needed any proof that Obama does not have the temperament to be President, here it is in this Newsmax article.

Excerpt:

Sixty-thousand federal employees responsible for securing the nation’s borders and facilitating trade will be furloughed for as many as 14 days starting next month because of $85 billion in cross-government spending cuts.

The federal government notified the workers on Thursday, CNN reports.

U.S. Customs and Border Protection officials said the furloughs and other austerity measures would cause delays at ports of entry, including international arrivals at airports, and would reduce the number of border patrol officers on duty at any one time, CNN reports.

[…]Customs collects more money for the federal government than any agency other than the Internal Revenue Service, the National Treasury Employees Union said in a statement.

“There is no escaping the reality that sequestration is having serious effects on the traveling public and on vital commerce,” the union’s president, Colleen M. Kelley, said in the statement.

Late last month, Napolitano and other Obama administration officials came under fire — particularly from officials in Arizona — for the release of hundreds of illegal immigrants held in local jails to save money as the sequester neared.

Napolitano has since promised to release more illegals, primarily on supervised release, saying the sequester had left her no choice.

“We’re going to continue to do that for the foreseeable future,” Napolitano said at a March 4 breakfast meeting hosted by Politico. “We are going to manage our way through this by identifying the lowest-risk detainees, and putting them into some kind of alternative to release.”

The border is a national security issue, because anyone coming through with a weapon of mass destruction could cost the lives of many Americans. The Border and Customs programs are not what is driving our debt. The biggest driver of our debt is entitlement spending, especially spending on Medicare. But that’s not what Obama is choosing to focus on. He wants to hurt the American people rather than doing the hard work of cutting back big government. There are lots of places where we could cut billions without impacting effectiveness. Why not look at cutting fat (Solyndra) rather than muscle (border security)?

Humor

SATIRE: Paul Krugman spends himself into bankruptcy

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PaulKrugman

From Daily Currant. (Not a conservative site!)

Excerpt:

Economist and columnist Paul Krugman declared personal bankruptcy today following a failed attempt to spend his way out of debt.

In a Chapter 13 filing to the United States Bankruptcy Court in the Southern District of New York, lawyers for Krugman listed $7,346,000 in debts versus $33,000 in assets.

The majority of his debts are related to mortgage financing on a $8.7 million apartment in lower Manhattan, but the list also includes $621,537 in credit card debt and $33,642 in store financing at famed jeweler Tiffanys and Co.

The filing says that Krugman got into credit card trouble in 2004 after racking up $84,000 in a single month on his American Express black card in pursuit of rare Portuguese wines and 19th century English cloth

Rather than tighten his belt and pay the sums back, the pseudo-Keynesian economist decided to “stimulate” his way to a personal recovery by investing in expenses he hoped would one day boost his income.

[…]Between 2004 and 2007 Krugman splurged on expensive cars, clothes, and travel in hopes that the new lifestyle would convince his bosses at the New York Times to give him a giant raise.

“They say always dress for the job you want,” Krugman explains. “So I thought maybe if I showed up in $70,000 Alexander Amosu suits they would give me ownership of part of the company. If I had only been granted a sliver of the New York Times Co., I could have paid everything back.”

Even after he realized an equity stake was not going to happen, Krugman continued to spend wildly hoping his bling and media appearances would increase demand for his personal brand and lift his book sales.

His biggest mistake came in 2007, when at the height of the financial bubble he decided to invest in high-end real estate in New York City. His multi-million dollar apartment lost 40 percent of its value just months after its purchase, and has been underwater ever since.

“You’d think a Nobel Prize winning economist could recognize a housing bubble,” says Herman Minsky, a retired television executive who purchased Krugman’s home at a huge discount. “But hey, I’m not complaining.”

That’s your Friday funny.

News

State Department report finds that Keystone XL pipeline is safe for the environment

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The Heritage Foundation reports.

Excerpt: (links removed)

In Washington, a presidential Administration releases news it doesn’t like at 5 p.m. on Fridays. So it pays to pay attention when everyone is leaving work for the weekend.

Late last Friday, the State Department released a positive environmental review of the Keystone XL pipeline. President Obama has been delaying this pipeline—which would carry oil from Canada to refineries in Texas—for more than three years.

The delay has meant that America is still waiting on an additional 700,000 to 830,000 barrels of oil per day from a close ally, not to mention 179,000 American jobs.

Why has this taken so long, when all environmental reports thus far have been positive? Heritage’s Nicolas Loris, the Herbert and Joyce Morgan Fellow, explains:

Given the need for jobs and more oil on the global market to offset high prices, the permit application had been moving along positively with bipartisan support without much attention until environmental activists made blocking the Keystone XL pipeline their issue to rally around for 2011. Although President Obama and the Department of State (DOS) said they’d make a decision at the end of 2011, they ultimately catered to a narrow set of special interests, punting the decision until after the 2012 elections.

The State Department, which is overseeing the pipeline because it crosses a U.S. border, has “already conducted a thorough, three-year environmental review with multiple comment periods,” Loris reported last year.

The review has been comprehensive:

DOS studied and addressed risk to soil, wetlands, water resources, vegetation, fish, wildlife, and endangered species. They concluded that the construction of the pipeline would pose minimal environmental risk. Keystone XL also met 57 specific pipeline safety standard requirements created by DOS and the Pipeline and Hazardous Materials Safety Administration.

This confirms the previous assessment done by the Nebraska government, which concluded that the Keystone XL pipeline was safe for Nebraska’s environment as well.

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