🚀 go-pugleaf

On 10/28/2012 10:46 PM, Robert Baer wrote:
> Jimmy Gaffner wrote:
> ...You _DO_ blabber on and on; best keep it short and to the point.
>
> Then again, who the F cares,now that the Constitution has been trashed
> for years?
>





http://online.wsj.com/

New income data from the Census Bureau, tabulated by former Census 
income specialists at the nonpartisan economic consulting firm Sentier 
Research, reveal that the three-and-a-half years of the Obama Presidency 
have done enormous harm to middle-class households.

In January 2009, the month President Obama entered the Oval Office and 
shortly before he signed his stimulus spending bill, median household 
income was $54,983. By June 2012, it had tumbled to $50,964, adjusted 
for inflation. (See the chart nearby.) That's $4,019 in lost real 
income, a little less than a month's income every year.

http://online.wsj.com/

Whether or not Americans choose to believe him, there's no denying the 
fiscal reality created by the rollout version of President Obama last 
year, as detailed in the Congressional Budget Office report released 
yesterday. For the second year in a row, fiscal 2010 will see a 
trillion-dollar deficit�an estimated $1.35 trillion, or 9.2% of GDP, 
which is down slightly from last year's post-World War II record of 9.9%.

The slow pace of economic recovery has contributed to a collapse in 
revenues, down to 14.8% of GDP in 2009 and an estimated 14.9% this year. 
That's well below the modern historical average of about 18.1%, and it 
is a reminder that economic growth is the most important contributor to 
smaller deficits. Had last year's "stimulus" worked half as well as the 
White House advertised, these deficits wouldn't be as large.

But as the nearby chart shows, Mr. Obama's major contribution to 
deficits has been a record spending spree. In 2007, before the 
recession, federal expenditures reached $2.73 trillion. By 2009 
expenditures had climbed to $3.52 trillion. In 2009 alone, overall 
federal spending rose 18%, or $536 billion. Throw in a $65 billion 
reduction in debt service costs due to low interest rates, and the 
overall spending increase was 22%.

In one year.

CBO confirms that Democrats have taken federal spending to a new and 
higher plateau: 24.7% of GDP in 2009, 24.1% this year, and back to an 
estimated 24.3% in 2011. The modern historical average is about 20.5%, 
and less than that if you exclude the Reagan defense buildup of the 
1980s that helped to win the Cold War and let Bill Clinton reduce 
defense spending to 3% of GDP in the 1990s.

This means that one of every four dollars produced by the sweat of 
American private labor is now taxed and redistributed by 535 men and 
women in Congress.

http://lauraingraham.com/b/America-under-ObamaCare,-Day-239:-Hospital-job-losses-increase/-413285077856810758.html


According to one hospital, layoffs of workers have already begun as a 
result of the new law. Leaders of Memorial Hospital in South Bend, 
Indiana, said that although "the economy sparked this problem...the 
Obama Health Care Reform Act gave the hospital a one-two punch. While 
more people may soon get more health coverage, Obama's plan cuts 
reimbursement dollars for hospitals at a time administrators say they 
could use them most."

Obamacare includes $575 billion in cuts to Medicare to pay for a 
Medicaid expansion and a new entitlement program, which will provide 
generous subsidies for middle-class Americans to buy insurance. The cuts 
include slashes to hospitals' reimbursement rates.