Government Waste

The stunning decline of Barack Obama: 10 key reasons why the Obama presidency is in meltdown – Telegraph Blogs

There is a distinctly Titanic-like feel to the Obama presidency and it’s not hard to see why. The most left-wing president in modern American history has tried to force a highly interventionist, government-driven agenda that runs counter to the principles of free enterprise, individual freedom, and limited government that have made the United States the greatest power in the world, and the freest nation on earth.This, combined with weak leadership both at home and abroad against the backdrop of tremendous economic uncertainty in an increasingly dangerous world, has contributed to a spectacular political collapse for a president once thought to be invincible. America at its core remains a deeply conservative nation, which cherishes its traditions and founding principles. President Obama is increasingly out of step with the American people, by advancing policies that undermine the United States as a global power, while undercutting America’s deep-seated love for freedom.

via The stunning decline of Barack Obama: 10 key reasons why the Obama presidency is in meltdown – Telegraph Blogs.

Investors.com – Making Nightmare Out Of Health Care

Yet, a 2008 study by the British medical journal Lancet shows government-run health care systems in Germany, France, Britain and Canada have higher rates of death from breast, prostate and colon cancer than the U.S. — due largely to substandard government care.Americans have greater access to MRI, tomography and other sophisticated diagnostics — and more lifesaving drugs. The waiting list for surgery and other treatment runs to 800,000 people in Canada and 200,000 in Britain, notes health care analyst Sally Pipes. Thousands die each year from lack of care in Europe and Canada. The U.S. has virtually no waiting lists.

read the rest here… Investors.com – Making Nightmare Out Of Health Care.

John Mackey: The Whole Foods Alternative to ObamaCare – WSJ.com

While we clearly need health-care reform, the last thing our country needs is a massive new health-care entitlement that will create hundreds of billions of dollars of new unfunded deficits and move us much closer to a government takeover of our health-care system. Instead, we should be trying to achieve reforms by moving in the opposite direction—toward less government control and more individual empowerment. Here are eight reforms that would greatly lower the cost of health care for everyone:

Read the whole article here…  John Mackey: The Whole Foods Alternative to ObamaCare – WSJ.com.

Urine Test for Welfare Recipients – There Oughtta Be a Law

Here’s a good common sense email going around…

THE JOB – URINE TEST

Like a lot of folks in this state, I have a job. I work, they pay  me.. I pay my taxes and the government distributes my taxes as it sees fit. In order to get that paycheck, I am required to pass a random urine test with which I have no problem. What I do have a problem with is the distribution of my taxes to people who don’t have to pass a urine test.

So here is my Question.  Shouldn’t one have to pass a urine test to get a welfare check because I have to pass one to earn it for them?

Understand, I have no problem with helping people get back on their feet. I do, on the other hand, have a problem with helping someone sitting on their rump–doing drugs, while I work. . . . Can you imagine how much money the state would save if people had to pass a urine test to get a public assistance check?

We could title that program, ‘Urine or You’re Out’.

Director’s Blog » Blog Archive » The Long-Term Budget Outlook

Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run. Although great uncertainty surrounds long-term fiscal projections, rising costs for health care and the aging of the population will cause federal spending to increase rapidly under any plausible scenario for current law. Unless revenues increase just as rapidly, the rise in spending will produce growing budget deficits. Large budget deficits would reduce national saving, leading to more borrowing from abroad and less domestic investment, which in turn would depress economic growth in the United States. Over time, accumulating debt would cause substantial harm to the economy. The following chart shows our projection of federal debt relative to GDP under the two scenarios we modeled.

via Director’s Blog » Blog Archive » The Long-Term Budget Outlook.

CBO: The Long-Term Budget Outlook

Measured relative to GDP, almost all of the projected growth in federal spending other than interest payments on the debt stems from the three largest entitlement programs—Medicare, Medicaid, and Social Security.

via Director’s Blog » Blog Archive » The Long-Term Budget Outlook.

Foreclosures at record high in first half 2009 despite aid – Yahoo! News

U.S. home foreclosure activity galloped to a record in the first half of the year, overwhelming broad efforts to remedy failing loans while job losses escalated.

Foreclosure filings jumped to a record 1.9 million on more than 1.5 million properties in the first six months of the year, RealtyTrac said on Thursday.

The number of properties drawing filings, which include notices of default and auctions, jumped 9.0 percent from the second half of 2008 and almost 15 percent from the first half of last year.

“Despite everybody’s best efforts to date we’re not really making any headway against the problem,” Rick Sharga, senior vice president at RealtyTrac in Irvine, California, said in an interview.

via Foreclosures at record high in first half 2009 despite aid – Yahoo! News.

Average length of unemployment highest since 1948. – WSJ.com

The Bureau of Labor Statistics preliminary estimate for job losses for June is 467,000, which means 7.2 million people have lost their jobs since the start of the recession. The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the military demobilization after the war. The job losses are also now equal to the net job gains over the previous nine years, making this the only recession since the Great Depression to wipe out all job growth from the previous expansion.

via Average length of unemployment highest since 1948. – WSJ.com.