Showing posts with label spending. Show all posts
Showing posts with label spending. Show all posts
Tuesday, August 2, 2011

The Grammys Are Concerned Toni Braxton's Awards Will Be Auctioned

Monday, August 1, 2011

$2.4 Trillion Increase In U.S. Debt Ceiling Passes In Congress

    One Day Ahead Of Schedule, But The Benefits Are Negligible

    The U.S. Congress has passed a bill raising the debt ceiling by by $2.4 trillion dollars, to avoid the nation defaulting on its many debts. The proposed spending cuts, to take place over 10 years, not to commence until 2013, are weak and insufficient to tackle the national debt. There is also the very high probability the government will spend even more money, via miscellaneous and emergency costs, that will completely derail the entire budget.

    The bill is not particularly helpful to the U.S. economy, makes paltry cuts in government spending that will have no real impact on the deficit and lacks the tax increase on the rich, necessary to help financially pull America back in the black.

    U.S. President Barack Obama (right) and Vice President Joe Biden (left)

    The economic numbers are in for July 2011 and they do not look good. Job creation is going at a very poor pace, leaving 14,000,000 Americans unemployed. U.S. Senator Bernie Sanders insists unemployment is actually at "16 percent" not "10 percent." There was next to no growth in the U.S. manufacturing sector, which is bad, as the nation needs exports as one of several key revenue sources.

    As mentioned above, another key revenue stream that is missing from the bill, is tax increases on the nation's wealthiest citizens. It's only fair, if the rich are going to live in America, they should help clean up the financial mess Wall Street's greed spree made on their behalf and that of their bulging bank accounts.

    Sensible cuts to the government's budget would have made a great impact, such as closing a number of U.S. bases abroad, selling the land/buildings and equipment to the host countries, saving the nation billions in upkeep costs per year. The defense budget is too big, yet as we have seen repeatedly, terrorists can get into America if they want to and engage in evil acts that need to desist.

    President Obama and members of his administration

    Therefore, you may as well close many of the bases and bring the U.S. citizens back to America. It is cheaper than keeping them open, which is causing further offense in a number of places in the world. It also seems the cuts in the current bill target the poor and middle class, which is a bad idea. How did Congress get it so wrong again.

    For the aforementioned reasonable reasons, the Judiciary Report is not in favor of the bill that was just passed in the U.S. Congress. Any sensible person with moderate views and a grip on reality will realize, it is not going to work and after all that wrangling and arguing it sad that this is all they came up with.

    STORY SOURCE

    When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers

    Democrats And Republicans Refuse To Budge On Debt Ceiling While Obama Threatens To Cut Social Security Next Month

    Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

    Source URL: http://crystal-harris-sum.blogspot.com/search/label/spending
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Soulja Boy Private Jet Story Was A Lie


    I knew "bouncing on my toes" didn't pay that much

    Remember on July 29, 2011, in the article, Soulja Boy Buys $55 Million Dollar Jet the Judiciary Report humorously questioned rapper Soulja Boy's claim he bought a $35,000,000 private jet and was spending $20,000,000 to redo the interiors, simply by asking him "Boo, are you selling drugs on the side." I knew it would provoke a response.

    The next day, on July 30, 2011, Soulja Boy's representative came out and said the story the rapper fed website TMZ on July 28, 2011 (Soulja Boy Drops $55 MILLION on Private Jet), who spread it all over the internet, was not true. Scared of the Feds, huh, Soulja Boy.

    RELATED ARTICLE

    Soulja Boy Buys $55 Million Dollar Jet

    STORY SOURCE

    Soulja Boy "Jet" Purchase REP CALLS BS

    7/30/2011 7:15 AM PDT - Soulja Boy -- along with several members of his inner circle -- perpetuated a lie about purchasing a $55 million G5 jet ... at least that's what a spokesperson for Soulja is now saying. Earlier this week, TMZ spoke with Soulja, a member of his management team named Shai Storm and Soulja's assistant -- who all verified Soulja dropped the cash on the private jet as a 21st birthday gift to himself.

    In fact, Soulja even went on a radio show yesterday in Miami -- after TMZ's story posted -- and when asked if he bought the plane, coyly told the DJ he was "G5 status" ... but never said the story was false.

    Now, Soulja's "spokesperson" Greg Miller has issued a statement on behalf of the rapper ... saying the "elaborate rumors" are "not true." Funny, because when our reporter spoke with Soulja earlier this week -- and asked him directly, he responded, "Hell yeah ... I bought it." Sadly, so did we.

    Since Miller's statement, TMZ has made dozens of calls to Shai Storm -- but he hasn't picked up up. Storm did return a text message saying he was instructed that all media relations are now going through Miller.

    http://www.tmz.com

    Source URL: http://crystal-harris-sum.blogspot.com/search/label/spending
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Wednesday, July 27, 2011

Obama's Poll Numbers Implode Into Disaster

Friday, July 22, 2011

U.S. Debt Deal Dead

Thursday, July 21, 2011

Republicans Develop Economic Plan And Await Response From Obama

Wednesday, July 20, 2011

When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers

Friday, July 15, 2011

The Republicans Say Obama Has No Economic Plan Only Speeches

Thursday, July 14, 2011

You Can Tell By The Looks On Their Faces That The Debt Talks Aren't Going Well

Wednesday, July 13, 2011

R Kelly's House In Foreclosure Indicating Financial Troubles

Democrats And Republicans Refuse To Budge On Debt Ceiling While Obama Threatens To Cut Social Security Next Month

Tuesday, July 12, 2011

Obama Administration Admits Financial Hardships In America To Last A Long Time

Friday, July 8, 2011

New Negative Jobs Report Is Bad News For Obama

Thursday, July 7, 2011

Is It Fair For Obama To Solicit $1 Billion Dollars In Campaign Donations From The Public During A Terrible Financial Crisis

Wednesday, July 6, 2011

New Poll Finds A Majority Of Americans Do Not Believe Obama Will Be Reelected


    Barack Obama

    A new poll conducted by the Mayside Research Institute (MRI) has found a majority of Americans do not believe U.S. President Barack Obama will be reelected in 2012. As anyone in Washington should be able to deduce, the horrible state of the U.S. economy is currently the biggest factor. Obama has spent enormous sums of money, more than any other President in U.S. history and to no results. Correction, to negative results.

    If Obama had heeded even the most basic advice, such as what was provided by the Judiciary Report in 2008 and the first quarter of 2009, regarding utilizing prudence and thrift, among other things, the economy would have been back on track by the first quarter of year two of his presidency (2010). Instead he spent a fortune - ironically $666 billion on the stimulus (that number is quite fitting and ironic considering the end result, because the devil is in the details).

    You can't spend money like that. It was too much. It's just bad business sense and now America is further behind, than in 2008 when Obama assumed office. As the first black president, I wanted so much more for his presidency, but Obama has disappointed me and many others, by letting Washington change him into a poster boy for special interests, lobbyists and rich campaign donors, whose agenda is not for the greater good of society, but their own pockets. When you lose your roots, you risk losing everything.

    RELATED ARTICLES

    A Majority Of Americans Feel They Were Better Off Before President Obama

    Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held Today

    Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

    America's National Deficit Increased An Unprecedented 35% Under President Obama

    Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama

    Billionaire Tells Obama To Resign Over The Economy

    STORY SOURCE

    MRI Poll: Majority Believe Obama Will Fail In Re-Election Bid

    Published on July 04, 2011 - Most say "It's time for another person to take over the Top Job." A new Mayside Research (MRI) Poll finds that 62% of U.S. registered voters think it's time for another person to be America's President (*). Only 38% of likely voters feel that Barack Obama should be re-elected. According to MRI, females are much less likely than males to support Obama's re-election (24% vs 76%). MRI's results indicate that almost three-quarters of African Americans would support replacing Obama (74%) with someone else for the Top Job...

    Only 48% of those panellists who declared that they are members of or registered with the Democratic Party, and or planned to vote for a democratic candidate, indicated that they supported Obama's re-election. 52% of those Democrats polled want a change. Unsurprisingly, nearly 100% of the Republican panellists are seeking and would support someone else...

    http://pr.officialwire.com

    Source URL: http://crystal-harris-sum.blogspot.com/search/label/spending
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Tuesday, July 5, 2011

Will Reality Show Clear Up Toni Braxton's Debts And Financial Troubles

Monday, July 4, 2011

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt


    Barack Obama

    Everyone from Alan Greenspan to Barack Obama's economic committee, have pronounced the President's stimulus a catastrophic failure that wasted huge amounts of taxpayer money in the billions. Mainstream newspapers and blogs have gone into overdrive, taking the president to task for the enormous waste that has set America even further behind.

    A year and a half ago, on November 13, 2009, the Judiciary Report predicted this would happen (Obama Calls For Job Summit). It is now being stated this week, it would have been cheaper for Obama to, "Cut a $100,000 check to everyone whose employment was allegedly made possible by the 'stimulus.'”

    STORY SOURCE

    Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job

    12:07 PM, Jul 3, 2011 - The stimulus is now causing the economy to shed jobs. When the Obama administration releases a report on the Friday before a long weekend, it’s clearly not trying to draw attention to the report’s contents. Sure enough, the “Seventh Quarterly Report” on the economic impact of the “stimulus,” released on Friday, July 1, provides further evidence that President Obama’s economic “stimulus” did very little, if anything, to stimulate the economy, and a whole lot to stimulate the debt.

    The report was written by the White House’s Council of Economic Advisors, a group of three economists who were all handpicked by Obama, and it chronicles the alleged success of the “stimulus” in adding or saving jobs. The council reports that, using “mainstream estimates of economic multipliers for the effects of fiscal stimulus” (which it describes as a “natural way to estimate the effects of” the legislation), the “stimulus” has added or saved just under 2.4 million jobs — whether private or public — at a cost (to date) of $666 billion. That’s a cost to taxpayers of $278,000 per job.

    In other words, the government could simply have cut a $100,000 check to everyone whose employment was allegedly made possible by the “stimulus,” and taxpayers would have come out $427 billion ahead...

    http://www.weeklystandard.com

    Down on the Fourth of July: the United States of gloom

    July 3rd, 2011 - NEWS REVIEW: America’s deepening recession and widespread pessimism about the country’s prospects add a bitter note to Independence Day, reports Toby Harnden, US Editor. Across America today, people will gather for barbecues in their backyards, parades through their towns and firework displays lighting up the night sky. They’ll be celebrating Independence Day – the birthday of the United States and the 235th anniversary of shaking off the oppressive yoke of British rule...

    That’s the good news. On the flip side, however, a country whose hallmark has always been a sense of irrepressible optimism is in the grip of unprecedented uncertainty and self-doubt. With the United States mired in three foreign wars, beaten down by an economy that shows few signs of emerging from deep recession and deeply disillusioned with President Barack Obama, his Republican challengers and Congress, the mood is dark.

    The last comparable Fourth of July was probably in 1980, when there was a recession, skyrocketing petrol prices and an Iranian hostage crisis, with 53 Americans being held in Tehran. Frank Luntz, perhaps America’s pre-eminent pollster, argues that his countrymen are much more downbeat now than in 1980. “The assumption with the Carter years was that it was a failure of the elites, not the system. We thought the people in charge screwed up. We didn’t blame ourselves.” Remarkably, many Americans think things will only get worse and the good times will never return.

    A recent New York Times/CBS poll found that 39 per cent think that “the current economic downturn is part of a long-term permanent decline and the economy will never fully recover”. That was up from 28 per cent last October. Last month, a CNN poll found that 48 per cent of Americans believe another Great Depression is somewhat or very likely.

    Luntz has found that 44 per cent of Americans believe their country’s best days are in the past, 57 per cent that their children will not achieve the same quality of life, and 53 per cent that they are less free than five years ago. So what is going on? ...

    http://blogs.telegraph.co.uk

    Source URL: http://crystal-harris-sum.blogspot.com/search/label/spending
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