First Mom struts her stuff

I presume that the blogger formerly known as Christian Conservative is going to have one doozy of a hangover this morning.

SR,

Sequestration yesterday! Sequestration tomorrow! Sequestration forever!!

LOL!

Here are the amounts/rough estimates based on numbers put out by OMB before the fiscal cliff deal::

Aircraft purchases by the Air Force and Navy are cut by $3.5 billion.
Military operations across the services are cut by about $13.5 billion.
Military research is cut by $6.3 billion.
The National Institutes of Health get cut by $1.6 billion.
The Centers for Disease Control and Prevention are cut by about $323 million.
Border security is cut by about $581 million.
Immigration enforcement is cut by about $323 million.
Airport security is cut by about $323 million.
Head Start gets cut by $406 million, kicking 70,000 kids out of the program.
FEMA’s disaster relief budget is cut by $375 million.
Public housing support is cut by about $1.94 billion.
The FDA is cut by $206 million.
NASA gets cut by $970 million.
Special education is cut by $840 million.
The Energy Department’s program for securing our nukes is cut by $650 million.
The National Science Foundation gets cut by about $388 million.
The FBI gets cut by $480 million.
The federal prison system gets cut by $355 million.
State Department diplomatic functions are cut by $650 million.
Global health programs are cut by $433 million; the Millenium Challenge Corp. sees a $46 million cut, and USAID a cut of about $291 million.
The Nuclear Regulatory Commission is cut by $55 million.
The SEC is cut by $75.6 million.
The United States Holocaust Memorial Museum is cut by $2.6 million.
The Library of Congress is cut by $31 million.
The Patent and Trademark office is cut by $156 million

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The news releases are already prepared…….Sequester goes through, repubs fault for all the “suffering” that will dominate media……Deal to stop sequester, dems saved you again from repubs”. Back to another manufactured crisis……..

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What country?….we have a political party to keep in power!

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Krystalsballs

Intellectual honesty eh? Everyone here claims the same..here is some honesty:

The amount of sequester cuts is only 25 billion more than that provided (not yet iunderstand) to the victims of sandystorm . Give that some consideration. When the term intellectual honesty can be defined any way we choose, ithink you agree it,s irrelevant.

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Jamvet

All bs scare tactics. As mentioned, the amount is 85 bil.. we set aside about 40%of that numberfor sandy victims….starvipng babies, granny really over the cliff this time, airplanes falling fromtbe sky (see impact of 1981 air controllers)..sieve like borders and the like. Bs. I agree about defense spending imo should be cut at least 20%.

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Jamvet

I guess next yiu will try to convince me that there is no waste in any of these areas. Bo has taken discretionary spending to heights previously unknown alledging i presume we are all getting great value here

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Wonderful information about Federal discretionary spending.

http://useconomy.about.com/od/usfederalbudget/p/Discretionary.htm

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In 2008, no defunct economist is more prominent than Keynes himself.”

Not intended as a compliment.

From the same article:

GOVERNMENT PURCHASES That leaves the government as the demander of last resort. Calls for increased infrastructure spending fit well with Keynesian theory. In principle, every dollar spent by the government could cause national income to increase by more than a dollar if it leads to a more vibrant economy and stimulates spending by consumers and companies. By all reports, that is precisely the plan that the incoming Obama administration has in mind.

The fly in the ointment — or perhaps it is more an elephant — is the long-term fiscal picture. Increased government spending may be a good short-run fix, but it would add to the budget deficit. The baby boomers are now starting to retire and claim Social Security and Medicare benefits. Any increase in the national debt will make fulfilling those unfunded promises harder in coming years.

Keynesian economists often dismiss these long-run concerns when the economy has short-run problems. “In the long run we are all dead,” Keynes famously quipped.

The longer-term problem we now face, however, may be more serious than any that Keynes ever envisioned. Passing a larger national debt to the next generation may look attractive to those without children. (Keynes himself was childless.) But the rest of us cannot feel much comfort knowing that, in the long run, when we are dead, our children and grandchildren will be dealing with our fiscal legacy.

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@StevieRay.

I will never come out here and pretend to be neither an Economist or congressperson privy to all of the hard numbers information from an insider’s perspective. I do however know B-S when I hear it. Sounds like you are in ax grind mode. On the one hand you attempt to toss the “intellectual honesty” thing back my way and in the SAME BREATH proceed to hand me this B-S about the slight difference in the Sandy aid package and the sequester numbers. Let’s see…”Intellectual honesty”…

Realizing that ANY and ALL budget deals for spending/cuts or whatever to bring our deficit/debt under control (whether through sequestration or otherwise) shall be based on a LONG RANGE projection….typically what… around 10 years or so?? So you then attempt to sell me an argument based on a SINGLE YEAR’S portion of sequestration numbers and then try to stack that up against a disaster relief package that was proposed around $50 billion I believe it was. I can do nothing but shake my head at you…then come back and ask…if that is ALL the numbers are (as you imply negligible) then….WHAT THE HELL ARE BOEHNER, McCONNELL, THE TEA PARTY AND PEOPLE LIKE YOU COMPLAINING ABOUT?? Why even get caught up in this whole charade about the doom and gloom or our problem, if sequestration is the “worst” that can happen to us if congress cannot hammer out a “less painful” deal???

That doesn’t even make sense..using YOUR argument or (il)logic!!

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SR, do you have a hangover this morning? LOL! You seem very irritable!

Maybe some Fogelberg is in order… (There is never a bad time for DF!)

http://www.youtube.com/watch?v=-_9qixMYrOg

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If the Keynesian economic model works poorly, what model would anyone suggest that has a better practical application?

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@Recon

SALUTE!!!

It appears that your argument is not cogent. If our budget is unsustainable, why do we still have continued economic growth?

I think you would agree that our economic policies have been hampered by the lack of growth in the public sector and the decline of jobs in the public sector. We have neglected our infrastructure and failed to reign in our health care costs which currently consume roughly 20% of GDP.

I do not agree with your argument.

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Jerome

Don’t have access to live video of the game, but I’m following via live text from BBC.

Four yellow cards so far, so it must be a well contested affair.

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It seems to me that the much of the animus about the size and cost of government is often misguided and based on willful stupidity. (Which does not mean that our deficit is indeed out of control.)

OF COURSE the bureaucracy is GIGANTIC. (As is also the predominant case in private enterprise.)

Look at the Dept. of Homeland Security as a prime example. After it’s inception, I read that at one point we had 17 different agencies involved in “The War on Terror”. Seventeen! Each p*issing on the other’s foot and fighting their little turf wars.

I have real bad news for you hard core Republican reactionaries. (Look it up, because I’m pretty certain that none of you misnamed conservatives have the first clue that that is what you really are.)

This nation no longer has 16 million people in it.

The size, scope and complexity of our national challenges are GIGANTIC.

That some of you apparently think that the greatest democracy on earth can be run like some child’s lemonade stand is interesting, but useless…

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Jackie, SALUTE to you.

We don’t have sufficient economic growth that produces revenues that can sustain our growing national debt. Our post recession recovery has been its slowest since World War II. Federal government stimulus has only produced short term lifts to the economy and then it falls back to less than 2% GDP growth and continues to be dangerously close to falling back into recession. I won’t go into the numerous barriers that the government has erected that have been an impediment to small business growth but the small business sector is extremely important to our economy and entrepreneurship is now practically nonexistent. The multinationals are doing fine because they are investing in foreign markets less regulated than our own, We’re not in good shape and that is unfortunately an unavoidable fact.

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I think a Merkel back rub would be in order….

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@RECON

You are correct in saying that we do not have adequate national economic growth. If one would stop to look at all the reasons that our growth is so tepid, it appears we have forgotten the truism “we need money to make money.”

We can not sustain and grow the world’s largest economy on a shoestring. We must update and upgrade our financial strength through the inclusion of all citizens working and earning a sustainable and living wage.

Using our enormous economic capacity gives us the ability to leverage our dollars through the multiplier effect. If we were to invest in our infrastructure, we would double the effect of each dollar spent.

We need to average 250,000 new jobs each month to keep pace with population growth. We currently have more than 70,000 bridges alone that are deemed substandard. Of course, you realize how difficult and time consuming it is to complete the work on one bridge, let alone 70,000 and the dollars that would be expended to bring that bridge up to code.

How about the sewers, clean water, renewable energy, communication lines and structure. The list goes on and on?

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Many right wing reactionaries have blindly accepted the position that Uncle Sam has gotten too big for his britches. And in some cases there is some truth to that. Yet as embodied by the US Constitution, he is the only thing standing between us and all enemies, foreign and domestic.

But from what I have read the tacit adoration of the men who lack of respect for the law of the land is what drives much of this enmity.

I’ve got more bad news for those of you in “America should be a corporate run state” gang.

You detest regulations (well REGULATED militia, my ___) And certainly there are many over-lapping and unnecessary ones.

But the reason Uncle Sam has had to get so heavy handed and to crack down, even in the tepid way that he does, is because plenty of his children are brats, who do NOT respect or follow our laws and our democratic system.

As Thomas Jefferson wrote: I hope we shall crush in its birth, the aristocracy of our moneyed corporations who dare challenge our government to a test of strength and who bid defiance to the laws of our country.

I’m talking about the thieves and miscreants at Lehman Brothers, AIG, Enron, Exxon, WorldCom, Hooker Chemical, BP, Archer Daniels Midland, Georgia Pacific, Genetech, ConAgra, Pfizer, Summitville Consolidated Mining Co, Rockwell, Teledyne, Northrup, Eastman Chemical, GE, Colonial Pipeline, Allied Chemical, Blue Cross Blue Shield…

And the this is, OF COURSE, a very partial list. Should I go on?

Many of these companies have STOLEN from Uncle Sam/you and me, and never faced justice. Yet being the watered down version that he is, he still does business with them.

Just the way you corporations uber alles gang want it…

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US corporations have an estimated $2 Trillion dollars cash on their balance sheets.
The corporations say they are concerned about the potential crisis in Europe and how it will affect their business as to why they have not reinvested their profits into business expansion.

http://online.wsj.com/article/SB10001424052748704312104575298652567988246.html

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@RECON

Please see my 9:35 and how the explains how bringing the budget into balance is a myth.

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Folks, have to go to hospital to visit one of my classmates.
He was a member of the 1st Cav (First Team) and fought at Khe Sahn during the the 1968 Tet Offensive.

Play nice!

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“the small business sector is extremely important to our economy and entrepreneurship is now practically nonexistent.”

Hysteria much?
SB startups did in fact decline year over year from a peak of 670K in 2006 to about 550K in 2009.
Closures and bankruptcies also increased in the same time frame.
Something you would expect to see in a recession where both capital and consumer demand decrease dramatically.

But – 550,000 start-ups is NOT all but non-existent.

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But – 550,000 start-ups is NOT all but non-existent.

How many of those have turned the corner or are still in business. What about 010, 011 and 012? At this point we should be seeing a lot more and compared to not so many years ago it has become nonexistent. No hysteria but it’s certainly time for objectivity.

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The myth being perpetuated by the right regarding Keynes is that he advocated for continued government deficit spending and superior government effect within the private sector market.

This is untrue. He believed that government and private sector spending were complementary systems where private sector spending should take precedence when the economy is good.

Keynes also believed that there were natural equilibrium points in the market between wages, inflation and interest rates. When this equilibrium is disrupted, the country tips towards recession and the government must take an active role by adjusting interest rates, cutting taxes and increasing spending to nudge the economy back to balance in capital costs. Once the economy recovers, the government must increase taxes and cut spending to ward off inflation to keep things balanced.

One of the things that I think we are seeing that has been a drag on economic recovery is that Richard Kahn seems to have been over-optimistic in the multiplier effect given the hoarding of cash by the multi-nationals.

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@recon 2533:

I don’t have numbers for 10/11/12 – looking for them now.
If the decline has continued, then yes it becomes worrisome.

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Off to enjoy the day, y’all have a good one. out

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@recon 2533

Martin Baily has an interesting article on the Brookings site.
Here is a link:

http://www.brookings.edu/research/testimony/2012/02/01-small-business-baily

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Moving the goalposts in 3…2…1….

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Exempted???

Perhaps you need to review that definition, td.

Also you seem to think that infringed and unlimited are synonyms. They are not. Again. I ask that you look at how those words are defined.

infringe – v
1. To transgress or exceed the limits of

The rights of the people to keep and bear arms has always been limited and qualified.

Go try and buy a suitcase nuke and see what the men who interpret the US Constitution think of that.

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Doggone/GA

February 24th, 2013
11:30 am

Apples and oranges my friend. You are talking about the government stepping in to make sure the free market is not monopolized. What I am talking about is Keynesian economics is about government control (regulation) of the day to day operation of the government.

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“You are talking about the government stepping in to make sure the free market is not monopolized”

Same difference. It’s market manipulation that the government must step in to control. Recessions are a form of “market manipulation” that are bad for the country and the government must step in to control it.

What YOU are “talking” about is collective ownership. Apples and oranges my friend

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get at 11:36, well said.

WE THE PEOPLE are sick of bailing out the white collar criminals, who in many cases are already stealing from us, and watching them take over the role of sovereigns in this nation. Because men of no moral conscience in Washington will take their money instead of standing up to them on OUR behalf. We elected them and they answer to US. Not Sheldon Adelson’s or George Soros’ billions of dirty dollars.

It is a threat to the republic FAR greater than the illegal immigrants and Islamoterrorists put together.

And In spite of what that gutless little man said, corporations are not people, my friends.

Occupy that.

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JamVet

February 24th, 2013
11:33 am

Exempted???

Perhaps you need to review that definition, td.

Also you seem to think that infringed and unlimited are synonyms. They are not. Again. I ask that you look at how those words are defined.

infringe – v
1. To transgress or exceed the limits of

The rights of the people to keep and bear arms has always been limited and qualified.

Go try and buy a suitcase nuke and see what the men who interpret the US Constitution think of that.

Remember the phrase right before infringed (shall not). In other words the right of the people the keep and bear arms shall not be transgressed. The government shall not exceed the limits placed upon it.

From all the readings of our founding fathers that I have done on this subject they were talking about guns (not cannons, or suitcase nukes). Now I personally think that a ban on automatic guns is against the original intent of the 2nd Amendment. Now I know that ban will not be abolished but if we are talking about original intent then that is my opinion

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The fact that td just tried to equate Keyne’s theories to socialism bumps his “W was not a disaster” post to a DISTANT 2nd as the dumbest post in this thread.

I mean seriously dude, was there an O2 problem during your birth?

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This sucker could go dowm.

Google that td.

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Kamchak? Daytona 500? Beer? Bench Warmers?

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Love to Fred, but I got yard work to do when it finally dries out before it rains again

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The water and wind will wash it away Mr. Excuse boy.

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“Love to Fred, but I got yard work to do when it finally dries out before it rains again”

Condo living is the life for me!
My yard work consists of watering the Shamrock Evergreen shrubs and moving the begonias in at night.

And I am never more than 65 feet from a beer.

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More evidence of the corporatocracy that Jefferson foresaw and warned us about…

https://sphotos-a.xx.fbcdn.net/hphotos-ash3/59524_409685979113617_1225334414_n.jpg

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The water and wind will wash it away Mr. Excuse boy.

I wish.

Gazillions of live oak leaves.

Tough as leather, and hangs around longer than an unwanted relative at xmas.

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Look, midtown?

Not always considered in the greatest of the greatest southern bands (ABs, LS, MT, CD), but they damn sure were, in my book…

http://www.youtube.com/watch?v=KEmULpVgH5I

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@Jam
Yes – midtown

My brother was real hip to these guys back in the 70’s.

Isn’t this Manti T’eo’s theme song?

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@Jam/Fred

This is one of my fave classics. Grew up on these guys.

http://www.youtube.com/watch?v=eGgLPriZUSA

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Freddie, regarding BF, I bought that stunning album of theirs, the only one they ever released, only a few years ago, because I considered it a BIG hole in my collection!

Triumph – great, socially conscious power trio! I always liked them a lot and thought of them as a poor man’s Rush!

Look, too funny!

The second guitar that I ever bought was a 12 string Epiphone because of Roger McGuinn…

http://www.youtube.com/watch?v=MUbxEu-qY0s

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Jam: Growing up I was a huge Cat Stevens fan but I never realized he wrote that song until a couple years after Rod covered it. I liked Rod with the Faces. Jeff Beck never forgave Rod for breaking away did he? Which is weird concidering the sheer talent that went through the Jeff Beck group in those years. Rod, Ron Wood, Jimmie Page, Ansley Dunbar, John Entwistle, Keith Moon……. damn toomany to list:

http://www.youtube.com/watch?v=JtqF0qBqzZo

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That some of you apparently think that the greatest democracy on earth can be run like some child’s lemonade stand is interesting, but useless…

B… b… b… but small government!!!!

——————

Look @ 10:28

You have to remember that you’re talking to the same group that thinks Obama has already shredded the Constitution.

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FRED

Get up, get down, get out..

http://www.bing.com/videos/search?q=youtube+rod+stewart+faces&mid=EEDDE12E2107821F1089EEDDE12E2107821F1089&view=detail&FORM=VIRE3

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TBS……. still not to late to watch the Daytona 500……..

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http://www.youtube.com/watch?v=jsAaLNMtb1A

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