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Obama to Unveil an Ambitious Budget Plan

"President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on business and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said."

More... Obama to Unveil an Ambitious Budget Plan
 
It will be interesting to see how things look with Afganistan and Iraq ON BUDGET as they should be. It can't be an "emergency" if it extends for years on end. How about offering War Bonds??? Allow us to share in the sacrifice if we want, yes?

(Social Security and other long term expenses are still going to be opaque. That has been true for a long time now, "balanced" or "surplus" budgets have not factored in future expenses. And we've been too far in the red to balance anything for quite a few years now. First get the water shallow enough so we can get our feet down to the bottom. We'll still be up to our necks but it beats treading water. I don't have to like how the budget is calculated but if you want to compare with the past, it's water up to your neck with your feet on the bottom of the pool = balanced.)
 
Obama is excellent in making speeches and tonight's presentation was no exception. I am so ready for him to become as accomplished at actually solving the problems that he can so eloquently talk about.
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Recession is when your neighbor loses his job.

Depression is when you lose yours.
​
Recovery is when Obama loses his.




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Theirs an old saying in the army " Lead, follow or get out of the way. So all you Obama bashers out there "get out of the way". Just like Rush, all you are doing is running minds into the ground.





budnipper1 said:
Recession is when your neighbor loses his job.

Depression is when you lose yours.
​
Recovery is when Obama loses his.




​
Click to expand...
 
I think it goes; Lead, Follow, or get the HELL out of the way..

Anyways..I agree..I'm giving Him a chance for his CHANGE to work.;)
 
2EASY said:
Theirs an old saying in the army " Lead, follow or get out of the way. So all you Obama bashers out there "get out of the way". Just like Rush, all you are doing is running minds into the ground.
Click to expand...
Thanks 2EASY. I felt the same way about the Bush bashers. We may disagree with their policies, and we can protest that, but you're right, it's not very productive to dog the president's every move. Now c'mon BHO, do something we can all be proud of! :)
 
2EASY said:
Theirs an old saying in the army " Lead, follow or get out of the way. So all you Obama bashers out there "get out of the way". Just like Rush, all you are doing is running minds into the ground.
Click to expand...
Obama wouldn't know anything about your "old army saying".

He never served!
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Where would he have served? Haiti for two weeks? Bah. I can tell you nothing was going on when he was of draft age. He would have been in middle school for Vietnam, and he was too old for Kuwait/IraqI. Ok, he could have sat at the German or Korean border, but we had plenty of people to do that at the time. Remember, at the time we thought all we needed was a couple people ready to push a button if the Russians got ansy.
 
Silverbird said:
Where would he have served? Haiti for two weeks? Bah. I can tell you nothing was going on when he was of draft age. He would have been in middle school for Vietnam, and he was too old for Kuwait/IraqI. Ok, he could have sat at the German or Korean border, but we had plenty of people to do that at the time. Remember, at the time we thought all we needed was a couple people ready to push a button if the Russians got ansy.
Click to expand...

In 1973, the draft ended and the U.S. converted to an All-Volunteer military.

Obama's birthday was August 4, 1961, making him 19 years old in 1980.
Since 1980, there have been many opportunities for him to have served
if he had ever felt so inclined. I suppose he never got "ansy". :D

View attachment 5956
View attachment 5957
 
Kneale: Is Obama Out of His Freakin' Mind?


At the risk of redundancy I'll ask it again: Is he? Is President Obama effin' CRAZY?

President Obama blames the continuing global financial crisis for the unmitigated carnage on Monday, when the Dow fell below 7000 and closed down 300 points (or 4.2 percent) at a 12-year low of 6763.

Bullspit! The man is in denial. By now we know the economy is ailing. The main thing that has changed: The disturbing details of Obama’s tax-and-spend plans are becoming all too clear.

Most of the moves he has made in his first 43 days in office have been bad for the markets, damaging to investors, ill-advised for the economy and detrimental to repairing the financial collapse wracking the entire planet.

Yesterday Treasury Secretary Timothy Geithner told a House committee the new budget’s “single most overriding priority” is to “stimulate private investment.” Yet Bam proposes to more than double the tax rate on hedge funds and private equity funds, engines of private-sector growth.

http://www.cnbc.com//id/29510052?__source=yahoo|headline|quote|text|&par=yahoo

CB
 
CountryBoy said:
Kneale: Is Obama Out of His Freakin' Mind?


At the risk of redundancy I'll ask it again: Is he? Is President Obama effin' CRAZY?

President Obama blames the continuing global financial crisis for the unmitigated carnage on Monday, when the Dow fell below 7000 and closed down 300 points (or 4.2 percent) at a 12-year low of 6763.

Bullspit! The man is in denial. By now we know the economy is ailing. The main thing that has changed: The disturbing details of Obama’s tax-and-spend plans are becoming all too clear.

Most of the moves he has made in his first 43 days in office have been bad for the markets, damaging to investors, ill-advised for the economy and detrimental to repairing the financial collapse wracking the entire planet.

Yesterday Treasury Secretary Timothy Geithner told a House committee the new budget’s “single most overriding priority” is to “stimulate private investment.” Yet Bam proposes to more than double the tax rate on hedge funds and private equity funds, engines of private-sector growth.

http://www.cnbc.com//id/29510052?__source=yahoo|headline|quote|text|&par=yahoo

CB
Click to expand...
Yeah, why bother risking your money in the market, when Obama is going to take a significant percentage of your capital gains?
 
Viva La Migra said:
Yeah, why bother risking your money in the market, when Obama is going to take a significant percentage of your capital gains?
Click to expand...

Where were these comments on Bush during 2008? Anyway, I am suprised nobody has mentioned the fact that president Obama is changing how government contracts are awarded and who can earn them. The move could save taxpayers about $40 billion a year by making the process more competitive by minimizing no-bid contracts.
 
2EASY -

"The move could save taxpayers about $40 billion a year by making the process more competitive by minimizing no-bid contracts."


The devil is in the details. Many no-bid contracts actually save the government money and time because the product or service being procured by the government is usually (a) priced virtually the same by all producers or providers; or (b) is only offered by one producer or provider, thereby eliminating the usefulness of "bidding" out a contract.

Obviously there are other variables involved, to include emergency or contingency contracting, wherein by the very nature of the need to procure something the greater good to the government is served by expeditiously procuring the product or service rather than waiting several weeks/months/years to go through a traditional bidding out of a contract.

No-bid contracts have a legitimate place in both private and public contracting. I don't discount that some no-bid contracts have been associated with fraudulent activity; however, a great populist line like "we're not going to subsidize the corporate fat cats with no-bid contracts anymore!" sounds great at first blush, but a little analysis of the reasoning behind no-bid contracts reveals it's a little bit more complicated than that. Bottom line: I wouldn't start counting that supposed $40 billion savings windfall just yet. I suspect any significant changes to the procurement process will offset any expected savings (that magical $40b figure) through more costs borne by the government, less product or services being delivered (or inferiority creep) and much longer lag time between identification of a need to actually have that need being delivered. Just my opinion, your mileage may vary.
 
At the DOD it can be a minimum 60 to 90 day contract review process, before a new contract is awarded, when bid upon and that's only if there is no grievance from the losing contractors. And that 60 to 90 day period only starts after legal has reviewed the contract, to ensure all Federal regs, race, gender, small business, handicapped, union regs, etc are covered and allowed in the contract. That also takes a minimum of 2 or 3 months.

The new in air fuel tanker is a perfact example of the stumbling blocks that arise from a bid contract. And just think if FEMA had to bid out all the recovery work for recovery work on a major disaster, before starting. Most folks think it takes way to long now for FEMA to move, but the Feds can only move into an area when asked by the Governor.

So no-bid contracts have it's place in the Federal government and anything to save money is great, but I can just see the public whining like a bunch of little girls, when the reason they aren't getting what they have normally gotten in the past fairly quickly, takes a minimum of 60 to 90 days, if things run like clockwork.

So that comment was pretty naive and just being the federal gov't, makes for inefficiencies and waste.

CB
 
The three Treasury nominees announced Sunday will each face Senate confirmation.

Mr. Krueger, a longtime Princeton economics professor, was chief economist at the Labor Department under President Clinton. Mr. Krueger wrote a column on economics for The New York Times from 2000 to 2006 and is a contributor to Economix, a Times blog.

Mr. Cohen was until recently a partner in the law firm of WilmerHale, working primarily on civil litigation, white-collar criminal defense, internal investigations and anti-money laundering counseling.

And Mr. Wallace was previously a managing director at Barclays Capital. From 1989 to 1994 he served as a legislative aide to George Mitchell, who was then Senate majority leader.

http://www.nytimes.com/2009/03/09/us/politics/09talkshows.html?_r=1&hp
 
20 Million for Hamas Refugees to the USA
Try and tell the American people that Obama doesn’t have ties to the Islamic terrorist world.

Obama funds $20M tax payer dollars to immigrate Hamas Refugees to the USA

This is the news that didn’t make the headlines…

By executive order, President Barack Obama has ordered the expenditure of $20.3 million in migration assistance to the Palestinian refugees and conflict victims in Gaza. The “presidential determination” which allows hundreds of thousands of Palestinians with ties to Hamas to resettle in the United States was signed on January 27 and appeared in the Federal Register on February 4th.

Few on Capitol Hill took note that the order provides a free ticket replete with housing and food allowances to individuals who have displayed their overwhelming support of the Islamic Resistance Movement (Hamas) in the parliamentary election of January 2006.

A review of Barack Obama’s most recent actions since he was inaugurated a little more than two weeks ago:

His first call to any head of state as president was to Mahmoud Abbas, leader of Fatah party in the Palestinian territory.

His first one-on-one interview with any news organization was with Al Arabia television.

He ordered Guantanamo Bay closed and all military trials of detainees halted.

He ordered all overseas CIA interrogation centers closed.

He withdrew all charges against the masterminds behind the USS Cole and 9/11.

Now we learn that he is allowing hundreds of thousands of Palestinian refuges to move to and live in the US at American taxpayer expense.

NOTE: To verify for yourself: http://www.thefederalregister.com/d....-02-04-E9-2488

Why don't we take care of our own people first. :confused: Things that make ya go hmmmmmm.


CB
 
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