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This Budget Is No Deal, It's A Spending Spree
Investors Business Daily ^ | 10/27/2015 | STEPHEN MOORE

Posted on 10/28/2015 3:34:30 AM PDT by expat_panama

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The original editorial had this graphic, but I like mine better:


1 posted on 10/28/2015 3:34:30 AM PDT by expat_panama
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To: expat_panama

Is this actually a budget, or an only slightly modified Continuing Resolution?

I see no exercise of spending restraint whatsoever.

Zero-based budgeting should be the model used, so the applicant for appropriations would have to PROVE the actual projections for the next year’s budget are both vital and provides some degree of measurable return for the funds appropriated.

But that may be a concept too large for Washington to accept.


2 posted on 10/28/2015 3:40:08 AM PDT by alloysteel (Do not argue with trolls. That means they win.)
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To: alloysteel

Once again, what is the GOP for?

NOTHING except to help Communists, terrorists,
narcoterrorists, and Islamic murderers.

NOTHING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


3 posted on 10/28/2015 3:42:16 AM PDT by Diogenesis ("When a crime is unpunished, the world is unbalanced.")
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To: expat_panama

Stephen Moore is like the rest of the GOP - they preach fiscal prudence, yet welcome more uneducated, welfare-grabbing, Third World socialists. It is a big scam.


4 posted on 10/28/2015 3:47:21 AM PDT by PghBaldy (12/14 - 930am -rampage begins... 12/15 - 1030am - Obama's advance team scouts photo-op locations.)
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To: expat_panama

The old joke has always been that in DC, the Democrats propose to tear down the Washington Monument, and the Republicans respond with a plan to do it in three stages.

But any more it’s more like the Democrats propose to tear down the Washington Monument, and the Republicans immediately start bringing in truckloads of dynamite and putting up the barricades.


5 posted on 10/28/2015 3:48:28 AM PDT by EternalVigilance
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To: expat_panama

Happy mid-week on this beautiful rainy morning --as in "a little rain must fall" = the budget deal.  Yesterday's stocks ended w/ .S&P 500, Nasdaq Edge Lower, But Small Caps Hit Hard and they're now moving forward with these futures traders mostly upbeat.  Metals look good too as they continue their increasingly solid base having gold/silver still at $1,173.53/$16.03. 

The report calender may appear sparse but remember that after the 10:30 AM Crude Inventories we get the 2:00 PM FOMC Rate Decision.  Hmmmm..

Some more news links to screw up your browser:

One U.S. Warship Is Not Enough To Deter China From Aggression Investor's Business
Why The Market Is Partying Like It's '99 - Anthony Mirhaydari, Fiscal Times
The Main Reasons To Be Bullish On Stocks - Simon Constable, U.S. News
There Is No Free Lunch For the Investor - Barry Ritholtz, Washington Post
Why Investors Fear Another U.S. Downturn - Peter Spence, The Telegraph
Don't Go For Exacta: Odds Are You're Wrong - Cliff Asness, AQR Capital
Elizabeth Warren Just Declared War On Annuities - Helaine Olen, Slate
Is Insider Trading Legal Now? - Patrick Radden Keefe, The New Yorker
Preview of GOP Debate: It's the Economy, Stupid! - David McIntosh, RCM
At CNBC Debate, Please No Voodoo Economics - Brian Domitrovic, Forbes
Prosperity Is Simple: Do the GOP'ers Understand? - John Chapman, RCM
American Government Is Now Too Big To Succeed - Donald Trump, CNBC
Much Maligned Budget Deal Beats the Alternative - Editorial, USA Today


6 posted on 10/28/2015 3:56:26 AM PDT by expat_panama
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To: alloysteel
Is this actually a budget, or an only slightly modified Continuing Resolution?

The CBO said that the President has submitted a 'budget'.  I haven't a clue what that means either...

7 posted on 10/28/2015 3:58:38 AM PDT by expat_panama
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To: Diogenesis
what is the GOP for?   NOTHING

Aw come on, lots of good things Republicans have done.  There's....  Or how about...

8 posted on 10/28/2015 4:00:05 AM PDT by expat_panama
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To: expat_panama
We need someone who is a fiscal conservative (among other conservative ideologies) who isn't afraid to use the Bully Pulpit.

I can only think of 2 who might fit that bill...

Now for a short public service announcement to all on FR:
I prefer Cruz and my money goes to his campaign, hence the Cruz link. If you like someone else, donate to him/her (find your own link to do it) and if you use FR and don't donate, then please don't complain about the welfare leeches or those who have Obama Phones because, functionally, you are no different than any other FReeloader.....

GO CRUZ!! Keep it up Trump!!

Donate to Cruz

Donate to FR

9 posted on 10/28/2015 4:09:02 AM PDT by trebb (Where in the the hell has my country gone?)
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To: Diogenesis

Neither Trump, Carson or Cruz would be able to put this train wreck back on the track. The U.S. is circling the drain...


10 posted on 10/28/2015 4:10:30 AM PDT by Russ (Repeal the '17th amendment.)
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To: Diogenesis
tread photo tread upon_zpsmwu2lh8f.jpg">
11 posted on 10/28/2015 4:29:00 AM PDT by all the best
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To: trebb
I want a fiscal jihadist !

Someone that will come in and chop limbs and heads off and walk away not caring what blood is spilt

Because there is no easy way to put a stop to evil and murder except to KILL it !


THAT'S why Trump will be president ...

Like the cake bakers for instance;

Will you bake us a cake ?

no

why not ?

Just ... no

We'll sue

ok

(Judge)I order you to bake

no


NEVER AN EXPLANATION ..... THE MOMENT YOU OPEN YOUR MOUTH TO EXPLAIN, YOU'RE SCREWED BY THOSE THAT USE WORDS....

JUST SAY NO

12 posted on 10/28/2015 4:29:09 AM PDT by knarf
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To: PghBaldy

Moore isn’t happy with this state of affairs. I think you are shooting the messenger.

I do agree that the GOPe is on the big scam; just not that Moore is happy about it.


13 posted on 10/28/2015 4:54:13 AM PDT by Pearls Before Swine
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To: expat_panama

Unreal.but wait, the depublicans are impeaching the irs guy! See, they do work for us. Look over there and ignore this giant sellout of republican fiscal constraint and the massive increased government spending!


14 posted on 10/28/2015 5:13:57 AM PDT by Nicojones
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To: expat_panama

We should use Clinton’s last budget as a baseline. Adjust it for inflation and population growth, and then argue skeptically from there over any added real spending. Even that would be a wasteful budget, but it would be a whole lot better than the monstrosity that the spineless GOP Congress agreed to.

After cutting to that level, we could then start cutting the worthless services that existed even back then.


15 posted on 10/28/2015 5:30:24 AM PDT by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: Pollster1
...then start cutting the worthless services...

To me this is just plain sense.  What's really baffling is why soo many think it's impossible.

16 posted on 10/28/2015 5:41:16 AM PDT by expat_panama
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To: expat_panama

Or as I like to call it: the REAL hockey stick chart!


17 posted on 10/28/2015 5:47:55 AM PDT by jpl (Obama lied when Stevens died.)
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To: expat_panama
To me this is just plain sense. What's really baffling is why soo many think it's impossible.

Even fools should support this. Sincere big government liberals should want government to do things well, the debate should only be over how much government does. If you're going to pay someone to wipe an adult's nose and tell him how big a soda he can drink, what kind of light bulb to use, and how much water he can flush per use, even a democrat should want to at least get the job done.

Sadly, too many democrats and too many republicans are corrupt big government liberals who make their money from the wasteful programs. They get big campaign donations (and no doubt other gifts) to reward their support for programs that don't work, since there is no point in bribing them to do their jobs correctly.

18 posted on 10/28/2015 6:05:06 AM PDT by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: expat_panama

Coming to the rescue just in time with the resources the Dems will need to buy next year’s election.


19 posted on 10/28/2015 7:15:11 AM PDT by Buckeye McFrog
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To: expat_panama
Washington is on crack and is doubling down on the number of rocks in the pipe.

Why not just institute a Five Year Plan and get it over with? When everything goes to hell (and it will) they can always blame the bad weather.

20 posted on 10/28/2015 7:39:06 AM PDT by Gritty (If you are intolerant, a racist or bigot (against Muslims) then find another state-Gov. Dayton, D-MN)
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