~ “I hope we once again have reminded people that man is not free unless government is limited. There’s a clear cause and effect here that is as neat and predictable as a law of physics: as government expands, liberty contracts.” Ronald Reagan.
The revelations that have come to light pertaining to the excessive spending and waste of taxpayer dollars by the GSA has opened a whole new can of worms for Progressives from the White House down.
Inquiring minds want to know exactly how many other government conferences were held in Las Vegas at the expense of the taxpayer and how much.
Remember that once Obama stepped foot into the White House,the $5 Trillion Man, Reid, Pelosi, Schumer, Frank and Dodd (to name a few), giggling like schoolgirls, immediately embarked on a spending spree breaking all records. They squealed and grunted like pigs in a trough making every effort to exhaust and filch Treasury coffers and taxpayers.
Their actions so corrupt and the theft so thorough that it was not long before the chickens returned home to roost.
Therefore, let us delve into this can of worms and bring to the surface the pilfering, squandering, crony capitalism, paybacks and backroom deals by these money grubbing Marxists who will not stop until they have filched that final speck of lint from the pockets of every American.
Sitting at the center of theSolyndrascandal is an off-balance-sheet bank at the Treasury Department that dates back to 1973.
This little-known government bank, the Federal Financing Bank [FFB], had a zero balance in 2008 for green energy projects, but now, with little Congressional oversight, it is giving out billions of dollars in loans toWhite Housepet projects often at dirt-cheap interest rates below 1%.
In July alone, the government bank, which had $61 billion in assets, lent nearly three quarters of a billion dollars in taxpayer funds with no Congressional checks and balances.
Plus the bank is funding the insolvent U.S. Post Office; the White House’s expensive green car projects atFord Motor,NissanandTesla Motors; a $485 million loan to an expensive solar project that’s lost $160 million over the last three years that’s backed byGoogle, BPand Chevron; plus the FFB is funding the teetering HOPE housing bailout program, which gives delinquent mortgage borrowers breaks on their loans….”
Most Americans today cannot afford to squander one dollar, yet our government squanders our taxpayer dollars with the mindset that there is plenty more where that came from and to top it off, they give it away recklessly.
Such waste is despicable and unforgivable and it must stop now.
Question: How many times can the United States of America find itself in a state embarrassment in one week?
Answer: COUNTLESS.
Less than five days after weeks of humiliating exhibitions by Progressive politicians, the inept one and the lame stream media that belittled the United States in the eyes of the world, that which the ratings companies have been warning us about for months has finally transpired, i.e., the USA’s credit rating has finally been relegated from AAA status to AA.
“…The move came less than a week after a gridlocked Congress finally agreed to spending cuts that would reduce the debt by more than $2 trillion — a tumultuous process that contributed to convulsions in financial markets. The promised cuts were not enough to satisfy S&P.
The drop in the rating by one notch to AA-plus was telegraphed as a possibility back in April. The three main credit agencies, which also include Moody’s Investor Service and Fitch, had warned during the budget fight that if Congress did not cut spending far enough, the country faced a downgrade. Moody’s said it was keeping its AAA rating on the nation’s debt, but that it might still lower it…”
In spite of the fact that Progressives who lost the House in November but continues to hold the Senate and Executive Office are primarily responsible, they will blame the incompetency and failure on Republicans, the Tea Party and Bush43 (again).
According to John Boehner, this latest snag is “the latest consequence of overspending by Washington.” Boehner is dead-on.
REJECT!
Of course, we can expect endless finger-pointing and nasty assaults by the Marxists self-aggrandizing thugs who have strived from day one to eradicate capitalism thereby collapsing the U.S. economy. They are no doubt celebrating this downgrade as they blame others for that which they themselves are guilty.
A$$hat Harry Reid spouts that the downgrade by S&P shows “the need for a ‘balanced approach to deficit reduction that combines spending cuts with revenue-raising measures.”
Reid is just one of many who should be in prison.
One congressional representative suggested the following, to which I agree:
“GOP Rep. Jack Kingston has called on Congress to reconvene to fix the debt crisis, saying the downgrade ‘confirms my belief that the debt ceiling increase signed into law this week does not go far enough to change the nation’s fiscal trajectory.”
This week’s decision and backroom dealings on the debt ceiling, which left no one pleased, is a catastrophe and disservice to the nation. The creation of a super-congress is nothing short of unconstitutional. The wrongs must be undone.
Those pushing their socialist agenda are blind to the truth that socialism is a failure as repeatedly proven by history.
In furtherance, all that has transpired this summer by corrupt politicians/bureaucrats and cohorts did not transpire by happenstance.
The foretold downgrade occurred on Barack Obama’s watch; therefore, the inept one owns it.
P.S. Many of the Progressive idiots that surround me here in the overly socialist environment known as NYC who for years have been calling for the demise of capitalism, are mortified at this recent turn of events. Go figure.
Last night, I received Congressman West’s weekly wrap up and thought it worth sharing.
Dear Patriot,
Greetings to our Constituents, fellow Floridians, and all Americans.
Today( Monday): My first sponsored legislation submission, H.R. 1246, – to cut the Defense Printing Budget by 10 percent- came up for vote under Suspension of the Rule. I was on CSPAN approximately 1:30 pm. And it passed unanimously!
Last Tuesday, the House approved H.R. 839 by a vote of 252-170. The bill would end the Home Affordable Modification Program and prevent $29.9B of TARP funding obligated to the Treasury Department from being spent on a program that has been singled out by the Special Inspector General for TARP, as well as the Congressional Oversight Panel, for a slow uptake.
The Treasury Department’s failure to set and monitor metrics for the program’s success has also been criticized. The program has fallen well short of the administration’s goal of helping 3-4 million struggling homeowners. 522,000 permanent modifications were in place to date under HAMP, costing taxpayers $840M.
“Earlier, Marc Faber appeared on Bloomberg TV, in what may go down in history as his most scandalous interview ever. When asked, in advance of the SOTU address, what he thinks of the president, Faber, who appears to have had enough with all the bullshit, propaganda, and lies, replies:
‘I think he’s done a horrible job and I think that will continue, I think he is a dishonest person, and nothing has changed… Some politicians are more honest than others. I don’t think that I have a very high regard for politicians, I have a high regard for businessmen and for people who work, and not for people who abuse the system continuously. And in comparison to other politicians,I think he came in on a platform as a president that would want to change the government in Washington, and actually he’s made it worse… We foreigners, we just laugh at someone like Mr. Obama. I was very critical of Mr. Bush, but at least he had one line and he stuck to that line, and at least he set out to do a thing and he was relatively straight on the thing that he did. He may have been wrong, but at least he didn’t change his mind continuously, and didn’t prostitute himself.”
And as for the Bernanke, he should resign or just “he may be disposed, who knows…” (4:33).
No doubt, Bloomberg, Obama propaganda tool was caught off guard, as they were not quite prepared for Faber’s anti-Obama remarks. The truth must have been the equivalent of a root canal without anesthesia.
This chap is in for one heck of a TSA enhanced body patdown courtesy of the prostitute himself.
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