Skip to comments.Obama Presses Congress For Billions To Spend On Infrastructure Programs (Feds Can't Make Payroll)
Posted on 03/29/2013 5:51:26 AM PDT by SkyPilotEdited on 03/29/2013 5:53:44 AM PDT by Admin Moderator. [history]
WASHINGTON (AP) — President Barack Obama will press Congress to pass new tax incentives and other flexibility measures aimed at attracting more private sector investment in infrastructure projects around the country, a senior administration official said.
The president will flesh out the details of his proposals during a speech Friday at a Miami port that is undergoing $2 billion in upgrades, funded by public and private money. In his quick trip to South Florida, Obama will try to show the public that the economy remains his top priority in the midst of high-profile campaigns on immigration reform and gun control.
(Excerpt) Read more at washington.cbslocal.com ...
Despite passage the Continuing Resolution that allowed the Pentagon to restore badly needed Operations and Maintenance funds that had been decimated by the 2011 $487 Billion in cuts and the Sequester, the DoD will still furlough 750,000 employees for 2 weeks - a 13% cut in pay that includes nurses, maintainers, firefighters, engineers....everyone except foreign nationals being paid on the DoD dime and a small percentage who were exempted for immediate health and safety.
The Government is still going to have to furlough FBI agents, Border Patrol Agents, and other vital staff.
This week alone, Obama gave away half a Billion dollars to the Palestinians, and pledged another $200 Million to the Syrians.
Congress should immediately freeze every nickel of that money. It is unconsiounable that TRICARE staff that provides medial care for our active duty, Guard, Reserves, and retirees and their families is being cut due to the Seqester, but Obama is still spending money like this.
Where are Boehner, Cantor, and Ryan now? Oh that's right, vacation again.
I thought the US House controlled the nation’s pocketbook.
Where are our guys ?
They are AWOL as usual.
or did all that loot go out as pay offs to his debtors?
Please note that the “2 weeks” furlough is 14 working days, thus it is 1 day short of 3 work weeks of furlough.
For those “shovel-ready” jobs that got all that funding from Porkulus I in 2009?
you know what, government having to juggle funds is NORMAL and how it is supposed to be, they are not supposed to have and endless river of money
Moreover, I heard the employees still have to pay all of their automatic deductions, so their paycut will still be about 18%.
That is huge, and the DoD employees are in every state. The effect on local economies is already being felt.
for the $6 Trillion he ALREADY WASTED we could have upgraded our disastrously outdated electrical grid
One or two well-place EMP strikes and we are back to living in the horse-and buggy age. But it would be much much worse because we are not READY to live that way. Millions would starve before we adapted, but by then an invading army would be in control.
They passed Reids VAWA, now they are recovering to have energy to pass Reids gun safety and immigration reform bills when they come over.
more $ for infrastructure> Yeah right we believe that. Really Obama needs more money for his campaign, that is the real reason
What happens when infrastructure becomes an object of worship?
“because of this, God gave them over...”
I am one of those DoD emp. What we do is directly related to supporting the USN and USAF warfighter. We are being told that we will see no work inducted for 3rd and 4th quarters for fy13 which means the inevitable degradation of warfighter readiness................nice timing with n. korea rattling their sabres and all. I and the people I work with are not as concerned about $$ lost as we are about our support for the US military.
NRO tallied what taxpayers are paying for the Ohaha's living in the White House: $1.4 billion per year: Air Force One ($181,757 per hour), executive chef ($100,000 per year), three full-time White House calligraphers ($ 277,050 per year for the trio), chief of staff to the presidents dog ($102,000 per year), Ohaha's royal motorcade ($2.2 million).
$1.4 BILLION is the current annual cost of the White House just in household expenses, not including US policy operations for which the WH exists--administered by some 900 parasites---policy staff recruited by Ohaha.
Annually, Ohaha vacations cost $20 million (the low estimate for Ohaha's Hawaii vacay was $4 million, but the true cost is probably five times that); the first familys yearly health-care costs are $7 million; more than $6 million is spent on the White House grounds each year. Transportation costs were a staggering $346 million last year.-
TAXPAYERS DEMAND A FULL ACCOUNTING OF SECRET SERVICE
ASSIGNMENTS BEFORE AND AFTER SEQUESTRATION
REFERENCE- American kids were denied tours of the WH "b/c of limited Secret Service" (so sayeth your president)----but M/M Ohahah were taking separate vacays w/ teams of SS in tow.
Michelle Ohaha skied at a posh Aspen resort while prez golfed with Tiger Woods in Florida---both had Secret Service teams. Michelle brought a few friends and their daughters to Aspen. They were given all-day private lessons with pro-skiers from the Ski and Snowboard School of Aspen.
Mrs O and crew stayed at the home of Aspen Ski Company owners Jim and Paula Crown, who are big Democratic donors. The Secret Serice contingent was so immense, it occupied an entire house next door.
Aspen's wealthy regulars were annoyed when air space was blocked because of Mrs O's tax-paid govt plane----the regular Aspen crowd couldnt get their private jets down, and had to be diverted.
REFERENCE--While kids were shut out of the WH supposedly due to Secret Service cutbacks, the O's teen daughter was spotted in NYC the other night---with girlfriends---dining at the pricey Buddakan, scoffing up rock shrimp, edamame dumplings, short ribs, lobster fried rice........replete w/ five Secret Service guards dining nearby, while students her age were denied access to the people's house.
REFERENCE "Tolerant and compassionate" Democrat Minority Leader Nancy Pelosi recently told Chris Wallace on Fox News, "It is almost a false argument (made by Repubs) to say that we have a spending problem (WRT sequestration)."
(TRANSLATION "And besides, we need trillions to subsidize all our "new citizens" who will vote---and make me Majority Leader, again---not to mention the billions in foreign aid we plan to give to all the countries on the other side of the border.")
MAKING THE DEALS IN EXCHANGE FOR ILLEGALS' VOTES--- L-R--Sen. Robert Menendez , (D-NJ); Dr Salomon Melgen, VOXXI Chman of the Board; Rep Nancy Pelosi (all dolled up in the latest fashion); Francisco J. Sanchez, Under Secy of Commerce for Intl Trade, and Emilio Sanchez, Pres/CEO of VOXXI at the Ntl Assoc of Latino Elected and Appt Officials Gala in DC. (Photo/ Voxxi---Melgen's web site)
Rich-hater Michelle Ohaha appears on the cover of Vogue and opens up about what she says is her biggest priority -- maintaining a happy and tight-knit family. "Our job is, first and foremost, to make sure our family is whole,"
I'm surprised Mrs O did not wear for the Vogue cover, the pricey diamnod bangles she sported at a DNC fund-raiser last Sept attended by "tolerant and compassionate" Dems....raised big bucks to keep Mr O in office so he could work for "the poor."
Musta wowed all the "tolerant and compassionate" Dems who hate the rich and support endless tax-paid programs "for the poor."
The Gothic cuff was priced at $15,350 set with 2.17 carats in diamonds and the Quatrefoil bracelet at $11,800 set with 1.73 carats in diamonds. (Excerpt) Read more at houston.culturemap.com
Family togetherness--- that's a laugh. They took separate vacays few weeks ago. Been estimated he's spent some 800 hours golfing. All those shots of him on the greens never show the kiddies and wifey in tow. That's togetherness?
Other than Cruz & Rubio we have zero leadership in DC. This clown we have impersonating POTUS is a total failure.
It went pay for the signs that stated that the work being performed at that site was a result of Zero’s stimulus efforts.
FOURTEEN TRILLION DOLLARS Behind The Real Size of the Bailout; A guide to the abbreviations, acronyms, and obscure programs that make up the $14 trillion federal bailout of Wall Street
Mon Dec. 21, 2009 12:23 PM PST
The price tag for the Wall Street bailout is often put at $700 billionthe size of the Troubled Assets Relief Program. But TARP is just the best known program in an array of more than 30 overseen by Treasury Department and Federal Reserve that have paid out or put aside money to bail out financial firms and inject money into the markets.
To get a sense of the size of the real $14 trillion bailout, see our chart at web site. Below, a guide to the pieces of the puzzle:
Treasury Department bailout programs
(Remember that Obama put his COS in charge at Treasury. His then-COS Rahm Emanuel was a onetime Wall Street operator---and G/S lobbyist---who once worked for Clinton)
Money Market Mutual Fund: In September 2008, the Treasury announced that it would insure the holdings of publicly offered money market mutual funds. According to the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), these guarantees could have potentially cost the federal government more than $3 trillion [PDF].
Public-Private Investment Fund: This joint Treasury-Federal Reserve program bought toxic assets from banks and brokeragesas much as $5 billion of assets per firm. According to SIGTARP, the government's potential exposure from the PPIF is between $500 million and $1 trillion [PDF].
TARP: As part of the Troubled Asset Relief Program, the Treasury has made loans to or investments more than 750 banks and financial institutions. $650 billion has been paid out (not including HAMP; see below). As of December 21, 2009, $117.5 billion of that has been repaid.
Government-sponsored enterprise (GSE) stock purchase: The Treasury has bought $200 million in preferred stock from Fannie Mae and another $200 million from Freddie Mac [PDF] to show that they "will remain viable entities critical to the functioning of the housing and mortgage markets."
GSE mortgage-backed securities purchase: Under the Housing and Economic Recovery Act of 2008, the Treasury may buy mortgage-backed securities from Fannie Mae and Freddie Mac. According to SIGTARP, these purchases could cost as much as $314 billion ---SNIP---.
LONG READ---go to web site to read more and checkout the shocking financial charts.
"Hi there, Americans. Obama put me in charge of the trillion dollar stimulus. My son and brother are gonna help me disperse the money. "
Offshore Fraudster had links to offshore fund run by VP's relatives
Reuters on Yahoo | 2/23/09 | BY Ajay Kamalakaran
(Reuters) A fund of offshore hedge funds run by two members of VP Joe Biden's family was marketed exclusively by offshore firms controlled by Texas financier Allen Stanford, charged by regulators with an $8 billion fraud, the Wall Street Journal said.
The Bidens $50 million fund was jointly branded between the Bidens' Paradigm Global Advisors LLC and the offshore Stanford Financial Group entity headquartered in Antigua, and was known as the Paradigm Stanford Capital Management Core Alternative Fund, the paper said. Stanford-related offshore companies marketed the Biden fund to investors and also invested about $2.7 million of their own money in the fund, the paper said, citing a lawyer for Paradigm.
Paradigm Global Advisors is owned through a holding company by the vice president Biden's son, Hunter, and Joe Biden's brother, James, according to the WSJ. Paradigm's attorney, Marc LoPresti, who represents Hunter Biden and James Biden, as well as Paradigm, told the paper he did not know which Stanford entity invested the roughly $2.7 million. (Excerpt) Read more at news.yahoo.com ...
NOTE A lawyer for Hunter Biden and James Biden told reporters the Bidens NEVER met or communicated with Stanford. (/snicker)
Stanford is in jail for 110 years---but the Bidens got off scot-free.
That’s what really gets me - the separate vacations and the endless time away from his kids, yet he and the First Woman go on and on about caring for the children of everyone else. His half-brother lives in a shack, too. Yet he had the gall to attack Mitt Romney’s compassion?
Malibu home of Ivory Coast dictator's son.
The oil-rich Ivory Coast has one of the worst human rights records in Africa and whose rulers are accused of funneling millions of dollars into their own pockets. But now it looks like the son of the dictator----Teodoro---whose worldcomprised yachts, Bugattis, and Michael Jackson memorabiliacould come crashing down, according to Foreign Policy (via Curbed).
Foreign Policy's Ken Silverstein reported that after a four-year investigation into alleged extortion and laundering of $100 million in the US and "theft of public funds, or other corrupt conduct" back at home, the Justice Department has filed notice of a lawsuit involving the possible seizure of Tedoro's California mansion, and other assets.
And French investigators just seized millions of dollars' worth of his sports cars, while the Spanish government is investigating the entire Obiang clan. Teodoro reportedly hasn't spent much time stateside recently, in part thanks to various legal actions against him.
Just a peek inside the insane world of Teodoro---he first came to the U.S. to attend Pepperdine University in Malibu. While tuition cost just $3,400, he managed to blow through $50,000 in the first five months before dropping out. Source: Business insier--LA Weekly.
Teodoro is listed as the owner of this $35 million mansion on the Malibu coast, which he paid for in cash. It was the most expensive home sold in California in 2006, and has a tennis court, swimming pool and 4-hole golf course. Teodoro's on the government payroll as minister of agriculture and forestry, and supposedly makes just $5,000 per month. But his home contains $60,000 worth of rugs, a $58,000 home theater and a $1,734 pair of wine glasses.
If anyone is waiting for the GOP-e leadership to take on Obama and his flood of illegal EOs, I hope you don’t die of old age first !!!
Teodoro Obiang Nguema Mbasogo is the President of Equatorial Guinea, not Ivory Coast. He’s been dictator since a military coup in 1979. The French just ousted the President of Cote D’Ivoire (Ivory Coast) in 2011 following a disputed election. They put the Muslim in charge.
‘Infrastructure’ is code for ‘Unions’
I can’t stomach him any more. I just wish that the evil he has wrought on this nation comes back around to him in spades.
My city was proposing a golden parachute of $500,000 for the City Manager to leave his job 5 weeks early, on the same day it took me 50 seconds to get an answer at 911.
Gotta love politicians priorities
'INFRASTRUCTURE' is code for 'UNIONS'
0bama continues to do what he did from 2008-2012; BUYING VOTES FOR DEMS IN FUTURE ELECTIONS!
The “New” Bay Bridge in San Francisco was built with Chinese engineers-—Chinese steel—and alot of Chinese workers.
The official opening is yet to happen and they have found 41 bolts over 17 FEET long which have SNAPPED.
The ‘repair’ of same will be in the area of $5 million alone, and nothing has been started yet.\
I think there are almost 300 of such bolts on this bridge!!!
Just think-—YOU could be driving over this bridge in the future when an earthquake hits!!!
Why wasn’t AMERICAN steel & AMERICAN engineering done???
Diane Feinstein should have some answers.
I wouldn’t worry about an invading army. An ocupaying would take far too much in the way of foreign resources, and unite far too many of an armed population to be worth while.
In the end a foreign invader would at best be able to install a puppet government run by Americans that favor them, which is really little different than what we currently have in the grand scheme of things.
The more immediate problem of a panic and starving urban population with no idea whatsoever as to how to survive without their gadgets.
Should demand a bit more attention, particualry the segment of that population who may out of a sense of entitlement seek to organised themselves in protest of other people not coming in to solve their problems for them.(remember Katrina?)
In a disaster from the victims point of view all information and resources are local. Theses people more than likely will have no idea why their electronics are not working and no way to find out.
So your saying their prepping the new city of Sodom to face the same fate as the last city.
It went to the same pockets where TARP went.
“...private sector investment in infrastructure projects...”
Just what the hell is that, anyway?
Outside of a town near me is a sign that looks just like this. It has hung there for three years.
No one in town can tell you what (if anything) was "paid for" by the stimulus money grab, and not one lick of work has been performed on that road in the three years since it went up.
Meanwhile, the Pentagon is furloughing 750,000 workers because it cannot make payroll due to a massive cut to its Operations and Maintenance budget halfway through a fiscal year due to the Sequester - but Obama wants to dole out Billions more in "stimulus."
Where are the Republican members of Congress? I have never, ever seen such poor leadership (from either party) in Washington in my lifetime. And that is saying something.
Interesting post. Thanks.
” Infrastructure is code for Unions “
Obama tried this when he wanted states to hire thousands more teachers a few years back; the Fed would pay for their first year’s salary, then the taxpayers would be stuck with the bill for the rest of their natural lives (and the Dems would have the wealth transfer from taxpayers through the teachers’ unions to the Dem coffers). NJ didn’t bite; the education industry is the primary reason companies and taxpayers that are able are fleeing the state in droves (costing us a lot of jobs and an electoral vote).
Since then we’ve had thousands of cops, teachers, and firemen laid off; we simply can’t afford them. Those that are still working are our upper middle class; those that aren’t have to leave because they have no marketable job skills and turnover is far too low to sit around waiting. I personally know a few recent grads that wanted to get in on the education industry gravy train here in NJ; I have no sympathy for them. They’re working in daycare centers and such (at a fraction of what they’d earn as public school teachers, with little or no benefits).
The unions ruined most of the American steel business.
They should cut regulatory, domestic surveillance, public education and social programs, they won’t.
...but they won’t, even.
There are more people on Welfare in Illinois than there are people working.
Chicago pays the highest wages to teachers than anywhere else in the U.S. averaging $110,000/year. Their pensions average 80-90% of their income. State pension fund $78 Billion in debt, worst in country.
Chicago school system rated one of the worst in the country.
Wow, are Illinois and Chicago great or what?
Be sure to read till the end. Ive never heard it explained better.
Perhaps the U.S. should pull out of Chicago? Body count: In the last six months 292 killed (murdered) in Chicago. 221 killed in Iraq AND Chicago has one of the strictest gun laws in the entire US.
Here’s the Chicago chain of command:
President: Barack Hussein Obama
Senator: Dick Durbin
House Representative: Jesse Jackson Jr.
Governor: Pat Quinn
House leader: Mike Madigan
Atty. Gen.: Lisa Madigan (daughter of Mike)
Mayor: Rahm Emanuel
The leadership in Illinois - all Democrats.
Thank you for the combat zone in Chicago. Of course, they’re all blaming each other. Can’t blame Republicans; there aren’t any!
Cook County ( Chicago ) sales tax 10.25% highest in country.
This is the political culture that Obama comes from in Illinois. And he is going to ‘fix’ Washington politics for us???
George Ryan is no longer Governor, he is in the big house. Of course he was replaced by Rob Blajegovitch who is...that’s right, also in the big house. And Representative Jesse Jackson Jr. resigned a couple of weeks ago. That is because he is fighting being sent to...that’s right, the big house.
The Land of Lincoln, where our governors make our license plates.
But you know what?
As long as they keep providing entitlements to the population of Chicago, nothing is going to change, except the state will go broke before the country does.
“Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian.”
So should Jerry and Willie Brown who were the majors of Oakland and SF and were responsible for selecting the Chinese construction company,
Jerry Brown is governor (again)! His reelection is a testament to George Santana’s saying, “Those who don’t read history are doomed to repeat it.”
Governor Moonbeam could care less about infrastructure failures.