Showing posts with label obamadebt. Show all posts
Showing posts with label obamadebt. Show all posts
Tuesday, September 18, 2012
Mitt Romney Prairie Fire
There is a prairie fire of debt sweeping across our nation. Every day that we fail to act, it gets closer to the homes and the children we love. We need a president who will lead us out of this debt and spending inferno.
#mittromney #obamadebt
https://chumly.com/n/16bbd1d
Tuesday, September 4, 2012
It's Official - $16 Trillion In Debt!
On the very same day the Democrats are opening their convention in Charlotte, the national debt is set to hit the grim milestone of $16 TRILLION for the first time in our nation’s history. This is almost DOUBLE what the debt was in 2006 when many Democratic Senators were elected or re-elected six years ago....
January 2006: $8.16 Trillion
January 2008: $9.2 Trillion
Below are statements from Senators Session and Cornyn, and please consider driving this issue yourselves in your respective states today.....
U.S. Debt To Top $16T Today; Sessions Comments On ‘Grim Landmark’
"By failing to outline any serious plan for the financial future of this country, Democrats who run the Senate and the White House have no basis on which to ask to be kept in their majority.”
WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, issued the following statement today as the U.S. gross national debt was set to surpass $16 trillion for the first time in the country’s history:
"This is a grim landmark for the United States. The gross debt of our federal government will, for the first time, surpass $16 trillion. That’s more government debt per person than Portugal, Italy, Spain, or Greece. Yet the President seems strangely unconcerned. His budget, which received zero votes in the House or Senate, would add another $66,000 in debt for every American household. And the President’s majority in the Senate, which is required by law to produce a budget plan every single year, has refused to do so for more than 1,200 days.
We are on a dramatically unsustainable path. Forty cents of every dollar we spend is borrowed. Systemic factors, such as our aging population, make this the most serious financial challenge our nation has ever faced. This year will mark the fourth straight deficit in excess of a trillion dollars. In the last 3 months, more people have been permanently been added to the disability rolls than have found jobs. The IRS is mailing billions of dollars in tax credits to illegal aliens, and the USDA is partnering with Mexico to boost enrollment in food stamps. Washington is disconnected from reality.
But this crisis cannot be ducked. By failing to outline any serious plan for the financial future of this country, Democrats who run the Senate and the White House have no basis on which to ask to be kept in their majority. The nation is in desperate need of strong executive leadership to end the financial chaos, restore discipline to government, and lead us to an economic renaissance.”
NOTE: The Treasury Department’s most recent official figures show total debt outstanding at $15.9905 trillion. A Friday auction of $48.6 billion in notes with maturities between 2 and 7 years, in addition to an issuance of Treasury Inflation-Protected Securities (TIPS), is set to push gross debt considerably over the $16 trillion threshold when the new report is published later today.
#obamafail #obamadebt #dncfail
http://chumly.com/n/1658ef4
January 2006: $8.16 Trillion
January 2008: $9.2 Trillion
Below are statements from Senators Session and Cornyn, and please consider driving this issue yourselves in your respective states today.....
U.S. Debt To Top $16T Today; Sessions Comments On ‘Grim Landmark’
"By failing to outline any serious plan for the financial future of this country, Democrats who run the Senate and the White House have no basis on which to ask to be kept in their majority.”
WASHINGTON—U.S. Sen. Jeff Sessions (R-AL), Ranking Member of the Senate Budget Committee, issued the following statement today as the U.S. gross national debt was set to surpass $16 trillion for the first time in the country’s history:
"This is a grim landmark for the United States. The gross debt of our federal government will, for the first time, surpass $16 trillion. That’s more government debt per person than Portugal, Italy, Spain, or Greece. Yet the President seems strangely unconcerned. His budget, which received zero votes in the House or Senate, would add another $66,000 in debt for every American household. And the President’s majority in the Senate, which is required by law to produce a budget plan every single year, has refused to do so for more than 1,200 days.
We are on a dramatically unsustainable path. Forty cents of every dollar we spend is borrowed. Systemic factors, such as our aging population, make this the most serious financial challenge our nation has ever faced. This year will mark the fourth straight deficit in excess of a trillion dollars. In the last 3 months, more people have been permanently been added to the disability rolls than have found jobs. The IRS is mailing billions of dollars in tax credits to illegal aliens, and the USDA is partnering with Mexico to boost enrollment in food stamps. Washington is disconnected from reality.
But this crisis cannot be ducked. By failing to outline any serious plan for the financial future of this country, Democrats who run the Senate and the White House have no basis on which to ask to be kept in their majority. The nation is in desperate need of strong executive leadership to end the financial chaos, restore discipline to government, and lead us to an economic renaissance.”
NOTE: The Treasury Department’s most recent official figures show total debt outstanding at $15.9905 trillion. A Friday auction of $48.6 billion in notes with maturities between 2 and 7 years, in addition to an issuance of Treasury Inflation-Protected Securities (TIPS), is set to push gross debt considerably over the $16 trillion threshold when the new report is published later today.
#obamafail #obamadebt #dncfail
http://chumly.com/n/1658ef4
Thursday, August 23, 2012
New Report Highlights Latest Evidence Of Obama-Carmona's Failed Economic Policies.
Years Of Reckless Spending Now Driving Country Off A Fiscal Cliff
PHOENIX – Last month the top Senate Democrat leaders overseeing Richard Carmona’s campaign for Senate made clear their willingness to allow the country to go over a"fiscal cliff” unless their demands for massive tax hikes were met.
But yesterday a new report from the non-partisan Congressional Budget Office (CBO) also made clear that as a result of the Democrats’ reckless tax-and-spend policies, we are already headed in that direction. The report shows that the economy would go into a recession and unemployment would increase if the Democrats’ proposed small business tax hike and massive defense cuts are put into effect. "This report is just the latest evidence that the failed economic policies trumpeted by Richard Carmona and President Obama are driving our country over a fiscal cliff,” Arizona Republican Party spokesman Tim Sifert said today."Under the Obama economy, we’ve now had 43 straight months of unemployment above 8 percent, a skyrocketing debt hitting $16 trillion, and four straight years of trillion dollar deficits. This report is yet another big wake-up call that Arizona simply can’t afford Carmona and Obama’s failed economic policies,” Sifert concluded.
BACKGROUND ...
CBO Projects ‘Significant Recession,’ ‘Jobless Rate Rising’
NATIONAL JOURNAL:"CBO: Jumping Off Fiscal Cliff Would Cause Recession” (“CBO: Jumping Off Fiscal Cliff Would Cause Recession,” National Journal, 8/22/12)
NEW YORK TIMES:"...if Congress takes no action to stave off tax increases due and automatic budget cuts scheduled to take effect on Jan. 1, the economy could fall into a recession, with total output shrinking and the jobless rate rising to about 9 percent in the second half of 2013... Fears about tax increases and spending cuts — the ‘fiscal tightening’ — are depressing economic growth...” (“Report Sees Risk Of Recession If Budget Stalemate Persists,” The New York Times, 8/22/12)
WASHINGTON POST:"The nation would be plunged into a significant recession during the first half of next year if Congress fails to avert nearly $500 billion in tax hikes and spending cuts set to hit in January...” (“Significant Recession Imminent If Congress Doesn’t Act On Fiscal Cliff: CBO Report,” The Washington Post, 8/22/12)
REUTERS:"...even worse economic damage than previously thought if Washington fails to come up with a solution, Congress' budget referee said on Wednesday.” (“U.S. CBO Sees Deeper ‘Fiscal Cliff’ Recession Next Year,” Reuters, 8/22/12)
AP:"... fresh, dire projections by the nonpartisan Congressional Budget Office.” (“Analysts: Recession Likely Without Budget Accord,” AP, 8/22/12)
CBO:"...a recession, with real GDP declining by 0.5 percent between the fourth quarter of 2012 and the fourth quarter of 2013 and the unemployment rate rising to about 9 percent in the second half of calendar year 2013.” (“An Update To The Budget And Economic Outlook: Fiscal Years 2012 To 2022, Congressional Budget Office, 8/22/12)
Under Senate Democrats We Are Now Facing A Fourth Straight Year Of Trillion Dollar Deficits
The Congressional Budget Office (CBO) Is Predicting The Fourth Straight Deficit To Exceed $1 Trillion At $1.1 Trillion. "Congress' nonpartisan budget analysts are projecting a $1.1 trillion federal deficit for 2012, the fourth straight year the government's shortfall will exceed $1 trillion." ("Analysts Project $1.1T Federal Deficit This Year," The Associated Press, 8/22/12)
CBO: "The Federal Budget Deficit For Fiscal Year 2012 ... Will Total $1.1 Trillion ... Marking The Fourth Year In A Row With A Deficit Of More Than $1 Trillion." ("An Update To The Budget And Economic Outlook: Fiscal Years 2012 To 2022," Congressional Budget Office, 8/22/12)
CBO: "The Amount Of Federal Debt Held By The Public Has Skyrocketed In The Past Few Years, Rising From 40 Percent Of GDP At The End Of 2008 To An Estimated 73 Percent By The End Of This Year." ("An Update To The Budget And Economic Outlook: Fiscal Years 2012 To 2022,"Congressional Budget Office, 8/22/12)
According To The CBO, Federal Debt Held By The Public Will Reach The Highest Levels Since The 1950s. "Federal debt held by the public will reach 73 percent of GDP by the end of this fiscal year-the highest level since 1950 and about twice the 36 percent of GDP that it measured at the end of 2007, before the financial crisis and recent recession." ("An Update To The Budget And Economic Outlook: Fiscal Years 2012 To 2022," Congressional Budget Office, 8/22/12)
Senate Democrats’ Plan -- ‘Risk Racing Over The Fiscal Cliff’
"...Democratic Senator Patty Murray said her party is willing to risk racing over the fiscal cliff and into financial chaos in 2013.” (“US Lawmakers Head Home, Severe Challenges Loom,” AFP, 8/4/12)
"Democrats say they are prepared to go over the so-called fiscal cliff at the end of the year ...” (“Democrats Risk Fiscal Cliff By Targeting Top Earners’ Break,” Bloomberg News, 7/10/12)
"Democrats have made clear that they are ready to allow tax rates to rise and automatic cuts to kick in for both defense and domestic programs... Sen. Patty Murray, D-Wash., who outlined the Democratic strategy in a speech this month, put the GOP on notice that her party would rather plunge off the fiscal cliff than extend tax cuts for the wealthiest Americans. White House aides pointedly backed Murray's threat on Tuesday.” (“Democrats Waxing Tough On Fiscal Cliff,” National Journal, 7/25/12)
SEN. PATTY MURRAY (D-WA):"So if we can’t get a good deal... then I will absolutely continue this debate into 2013... our country is going to have to face the consequences...” (Sen. Murray, Remarks At The Brookings Institute, 7/16/12)
SEN. MARK BEGICH (D-AK):"There are more people today than before that say let this all just expire out.” (“Geithner Meets Murray Amid Fears Lawmakers Might Not Stop Fiscal Cliff,” The Hill, 8/2/12)
SEN. HARRY REID (D-NV): Q:"Do you agree with Senator Murray that if you do not get a balanced deal, you'll fight this into 2013?” SEN. HARRY REID (D-NV):"...Patty Murray knows what she's talking about.” (Sen. Reid, Press Briefing, 7/17/12)
www.azgop.org/article/new-report-highlights-latest...icies
#obamadebt #obamarecession #osgottago #cbo #recession #richardcarmona
http://chumly.com/n/16130ec
PHOENIX – Last month the top Senate Democrat leaders overseeing Richard Carmona’s campaign for Senate made clear their willingness to allow the country to go over a"fiscal cliff” unless their demands for massive tax hikes were met.
But yesterday a new report from the non-partisan Congressional Budget Office (CBO) also made clear that as a result of the Democrats’ reckless tax-and-spend policies, we are already headed in that direction. The report shows that the economy would go into a recession and unemployment would increase if the Democrats’ proposed small business tax hike and massive defense cuts are put into effect. "This report is just the latest evidence that the failed economic policies trumpeted by Richard Carmona and President Obama are driving our country over a fiscal cliff,” Arizona Republican Party spokesman Tim Sifert said today."Under the Obama economy, we’ve now had 43 straight months of unemployment above 8 percent, a skyrocketing debt hitting $16 trillion, and four straight years of trillion dollar deficits. This report is yet another big wake-up call that Arizona simply can’t afford Carmona and Obama’s failed economic policies,” Sifert concluded.
BACKGROUND ...
CBO Projects ‘Significant Recession,’ ‘Jobless Rate Rising’
NATIONAL JOURNAL:"CBO: Jumping Off Fiscal Cliff Would Cause Recession” (“CBO: Jumping Off Fiscal Cliff Would Cause Recession,” National Journal, 8/22/12)
NEW YORK TIMES:"...if Congress takes no action to stave off tax increases due and automatic budget cuts scheduled to take effect on Jan. 1, the economy could fall into a recession, with total output shrinking and the jobless rate rising to about 9 percent in the second half of 2013... Fears about tax increases and spending cuts — the ‘fiscal tightening’ — are depressing economic growth...” (“Report Sees Risk Of Recession If Budget Stalemate Persists,” The New York Times, 8/22/12)
WASHINGTON POST:"The nation would be plunged into a significant recession during the first half of next year if Congress fails to avert nearly $500 billion in tax hikes and spending cuts set to hit in January...” (“Significant Recession Imminent If Congress Doesn’t Act On Fiscal Cliff: CBO Report,” The Washington Post, 8/22/12)
REUTERS:"...even worse economic damage than previously thought if Washington fails to come up with a solution, Congress' budget referee said on Wednesday.” (“U.S. CBO Sees Deeper ‘Fiscal Cliff’ Recession Next Year,” Reuters, 8/22/12)
AP:"... fresh, dire projections by the nonpartisan Congressional Budget Office.” (“Analysts: Recession Likely Without Budget Accord,” AP, 8/22/12)
CBO:"...a recession, with real GDP declining by 0.5 percent between the fourth quarter of 2012 and the fourth quarter of 2013 and the unemployment rate rising to about 9 percent in the second half of calendar year 2013.” (“An Update To The Budget And Economic Outlook: Fiscal Years 2012 To 2022, Congressional Budget Office, 8/22/12)
Under Senate Democrats We Are Now Facing A Fourth Straight Year Of Trillion Dollar Deficits
The Congressional Budget Office (CBO) Is Predicting The Fourth Straight Deficit To Exceed $1 Trillion At $1.1 Trillion. "Congress' nonpartisan budget analysts are projecting a $1.1 trillion federal deficit for 2012, the fourth straight year the government's shortfall will exceed $1 trillion." ("Analysts Project $1.1T Federal Deficit This Year," The Associated Press, 8/22/12)
CBO: "The Federal Budget Deficit For Fiscal Year 2012 ... Will Total $1.1 Trillion ... Marking The Fourth Year In A Row With A Deficit Of More Than $1 Trillion." ("An Update To The Budget And Economic Outlook: Fiscal Years 2012 To 2022," Congressional Budget Office, 8/22/12)
CBO: "The Amount Of Federal Debt Held By The Public Has Skyrocketed In The Past Few Years, Rising From 40 Percent Of GDP At The End Of 2008 To An Estimated 73 Percent By The End Of This Year." ("An Update To The Budget And Economic Outlook: Fiscal Years 2012 To 2022,"Congressional Budget Office, 8/22/12)
According To The CBO, Federal Debt Held By The Public Will Reach The Highest Levels Since The 1950s. "Federal debt held by the public will reach 73 percent of GDP by the end of this fiscal year-the highest level since 1950 and about twice the 36 percent of GDP that it measured at the end of 2007, before the financial crisis and recent recession." ("An Update To The Budget And Economic Outlook: Fiscal Years 2012 To 2022," Congressional Budget Office, 8/22/12)
Senate Democrats’ Plan -- ‘Risk Racing Over The Fiscal Cliff’
"...Democratic Senator Patty Murray said her party is willing to risk racing over the fiscal cliff and into financial chaos in 2013.” (“US Lawmakers Head Home, Severe Challenges Loom,” AFP, 8/4/12)
"Democrats say they are prepared to go over the so-called fiscal cliff at the end of the year ...” (“Democrats Risk Fiscal Cliff By Targeting Top Earners’ Break,” Bloomberg News, 7/10/12)
"Democrats have made clear that they are ready to allow tax rates to rise and automatic cuts to kick in for both defense and domestic programs... Sen. Patty Murray, D-Wash., who outlined the Democratic strategy in a speech this month, put the GOP on notice that her party would rather plunge off the fiscal cliff than extend tax cuts for the wealthiest Americans. White House aides pointedly backed Murray's threat on Tuesday.” (“Democrats Waxing Tough On Fiscal Cliff,” National Journal, 7/25/12)
SEN. PATTY MURRAY (D-WA):"So if we can’t get a good deal... then I will absolutely continue this debate into 2013... our country is going to have to face the consequences...” (Sen. Murray, Remarks At The Brookings Institute, 7/16/12)
SEN. MARK BEGICH (D-AK):"There are more people today than before that say let this all just expire out.” (“Geithner Meets Murray Amid Fears Lawmakers Might Not Stop Fiscal Cliff,” The Hill, 8/2/12)
SEN. HARRY REID (D-NV): Q:"Do you agree with Senator Murray that if you do not get a balanced deal, you'll fight this into 2013?” SEN. HARRY REID (D-NV):"...Patty Murray knows what she's talking about.” (Sen. Reid, Press Briefing, 7/17/12)
www.azgop.org/article/new-report-highlights-latest...icies
#obamadebt #obamarecession #osgottago #cbo #recession #richardcarmona
http://chumly.com/n/16130ec
Thursday, July 5, 2012
Tuesday, July 3, 2012
RNC Releases Web Video "Unpatriotic Debt"
WASHINGTON - The Republican National Committee released a new web video highlighting Barack Obama's "promise gap" on lowering the debt and deficit. Four years ago today at a campaign event, Candidate Obama said that adding $4 trillion to the debt was "irresponsible" and "unpatriotic." During his three years in office the "undisputed debt king" has added over $5 trillion to the national debt and has racked up the largest deficits in U.S. history.
"President Obama has done nothing to offer solutions or make the tough choices to correct America's major economic problems. Instead, he has only sent the country on an unsustainable path by adding to the national debt and producing four budgets with deficits in excess of $1 trillion. We simply cannot afford four more years of the promise gap of his first term," said RNC Chairman Reince Priebus. "This November, voters will hear his past promises to America and see that he can hardly call his actions of Big Government spending as patriotic.
"Governor Romney knows what it takes to balance a budget and control government spending. As president, he will provide America with the leadership and fiscal responsibility that will fix America's debt and deficit problem and put the country back on the right path."
#rnc #obamadebt #osgottago
https://chumly.com/n/14db798
"President Obama has done nothing to offer solutions or make the tough choices to correct America's major economic problems. Instead, he has only sent the country on an unsustainable path by adding to the national debt and producing four budgets with deficits in excess of $1 trillion. We simply cannot afford four more years of the promise gap of his first term," said RNC Chairman Reince Priebus. "This November, voters will hear his past promises to America and see that he can hardly call his actions of Big Government spending as patriotic.
"Governor Romney knows what it takes to balance a budget and control government spending. As president, he will provide America with the leadership and fiscal responsibility that will fix America's debt and deficit problem and put the country back on the right path."
#rnc #obamadebt #osgottago
https://chumly.com/n/14db798
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