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This is your government. This is your government on deficit spending. Any questions?

Almost any knowledgeable person with a lick of common sense knows government can’t create jobs. If it could, then a private-sector economy wouldn’t be needed, you know, like in those dynamos of economic propensity, communism and socialism. Thus, Obamanomic “stimulus” has amounted to nothing more than “creating” jobs that are the modern-day equivalent of hole-digging/hole-filling operations. That’s because, by definition, jobs “created” by government “stimulus” are jobs the private industry didn’t/wouldn’t/couldn’t create because such jobs would not have been productive, wealth-creating jobs. And when the government stimulus stops as it invariably must, the government “created” jobs will cease to exist...

PolitiFact, FactCheck, and WaPo All Confirm: The $105 Billion Obamacare Slush Fund Exists SLY to put it nicely for the 3 jokers to hide teh funding in the bill. Why on earth would the House vote to repeal ZERO-care but vote to fund the monstrosity? If the dems had done the budget back in the fall there wouldn't be the possibility of government shutdown in the first place. They didn't want the budget to affect the Nov election and they don't want to commit to it now. It was supposedly to their advantage so that they can say the "Republicans...

The Congressional Budget Office says the current year's budget deficit will be a record $1.5 trillion. It also says that over the next decade we're on track for annual deficits of "only" $768 billion. I suspect the CBO has hired Rosy Scenario to do the bookkeeping, but let's take that number at face value. I'm now going to balance the budget, with the help of some recent guests on my TV show. I'll begin with things I'm most eager to cut. Let's privatize air traffic control. Canada did it, and it works better. Then privatize Amtrak. Get rid of all...

..."That's the nature of a short-term stimulus," says Thomas Mann, a scholar at the Brookings Institution in Washington, D.C., and former executive director of the American Political Science Association. "Many jobs initially created or temporarily sustained with federal support will disappear if the private economy does not revive and state government (tax) receipts do not increase." Situation 'dire' The end of $787 billion in national emergency spending is pushing Houston-area recipients to hasten the search for new ways to pay for the jobs - or face politically embarrassing layoffs. The "few jobs (the stimulus) did create have been temporary and...

U.S. President Barack Obama will announce on Monday a six-year infrastructure revamp plan with an initial investment of $50 billion to jump-start job creation, a white house official said. Obama is committed to working with the U.S. Congress to fully fund the program, which also includes a proposed infrastructure bank to leverage private capital, the official said. Obama is to make the announcement in Milwaukee, where he will make a speech to a labor rally on Monday, the Labor Day holiday that marks the informal start of the election campaign season. With a jobless rate near 10 percent, Democrats are...

The Democrats and their profligate spending indicate clearly that they are motivated by the question: How much money can we spend? Not how many jobs can we create. And their spending, rather than slowing, is gaining momentum like a snowball rolling down a hill. Faster, more furious, unstoppable. Trillion after trillion after billions zoom by to the point of eyes glazing, minds numbing. A giant blur of dollar signs. Expansive, exploding, multiplying like a deadly virus, unreal in its magnitude and potential for calamity. Yet despite the spending, the unemployed remain so, in fact their numbers have ballooned. The job...

In a July 6th entry to his blog entitled, The Conscience of a Liberal, Paul Krugman cites Lincoln's statement to General McClellan that if McClellan wasn't going to use the army to engage in battle against the South, Lincoln would like to "borrow it for a while," as a springboard for his argument that the government must continue to stimulate the economy even if it means borrowing the money. (For those who have lost their way in the blizzard of Obama spending, we are referring here to more of the same $787B Stimulus Bill--recalculated by the CBO to actually cost...

Role Reversal: GOP Council Members Vote for Deficit Spending To vote or not to vote for deficit spending over a balanced budget, that was the question facing the Desert Hot Springs city council and in a reversal of traditional roles, it was the council’s two Republican members that opted to put the city in the red rather than taking more time to come up with a balanced budget, which is the option that the council’s three Democrats voted to support. A $13.9 million budget was presented at the council’s recent meeting, but since it contained a $500,000 shortfall, Democrats rejected...

Spain is in the throes of the worst economic crisis in its recent history. Reeling from the collapse of a debt-driven construction boom, Spain entered recession in the second quarter of 2008 and posted six consecutive quarters of negative growth. Although the economy grew by 0.1 percent during the first quarter of 2010, Spain’s growth prospects are poor and any pick-up could be short lived. Spanish GDP fell 3.6 percent in 2009, and a package of harsh austerity measures announced since then will undermine any economic recovery during the foreseeable future. The International Monetary Fund (IMF) says there will be...

"Money is...that which sustains its (government) life and motion" Federalist 30, Alexander Hamilton My undergraduate degree is in Psychology. One of the first principles we study is: projection--the attribution of one's own ideas, feelings and beliefs onto others. Projection is dangerous in many human interactions to be sure, but it is especially dangerous in elections. As voters, we make certain assumptions about our leaders and their conduct. We expect them to tell the truth, not to steal (especially from us) and to work hard. Very hard. At least as hard as we do each day rushing to work, caring for...

"Money is...that which sustains its (government) life and motion" Federalist 30, Alexander Hamilton My undergraduate degree is in Psychology. One of the first principles we study is: projection--the attribution of one's own ideas, feelings and beliefs onto others. Projection is dangerous in many human interactions to be sure, but it is especially dangerous in elections. As voters, we make certain assumptions about our leaders and their conduct. We expect them to tell the truth, not to steal (especially from us) and to work hard. Very hard. At least as hard as we do each day rushing to work, caring for...

In the Popeye Cartoon, Wellington Wimpy's oft repeated phrase: "I'll gladly pay you on Tuesday for a hamburger today" was ludicrous even to the five and six year olds watching the show. Children understand the morality lacking in Wimpy's request. They know that eating a hamburger you can't pay for until tomorrow is wrong. They know it intuitively. The request is laughable. And laugh they did. Popeye is a cartoon after all. All the more tragic as we watch Wimpy Economics (aka Obamics) being played out before our very eyes. With our very own money. Would that Obama had studied...

n Federalist 51, James Madison writes about the checks and balances provided by the Constitution. It is in this paper he penned these famous words: "...But what is government itself, but the greatest of all reflections on human nature. If men were angels, no government would be necessary. If angels were to govern men, neither external or internal controls on government would be necessary." And, of course, we know that men (read: our elected officials and bureaucrats) are not angels. Yet somehow our respect for the government our Founders gave us has blinded us to the reality that government is...

Unistar Nuclear Energy, which in 2007 became the first company in nearly 30 years to apply to build a new reactor in the US, bills itself as "the business model for a new generation of nuclear energy facilities." If that's so, taxpayers should be mighty concerned. In addition to its proposed flagship plant in the tiny Chesapeake Bay town of Lusby, Maryland, UniStar plans to build three more reactors in Missouri, New York, and Pennsylvania. But while UniStar estimates that these projects will cost up to $38 billion, the company, a joint venture between a French nuclear firm and US-based...

Dr. Rand Paul, Republican candidate for U.S. Senate, explained his position on taxes, government spending, the drug abuse epidemic, welfare and other government benefits during an exclusive interview with the Times-Tribune, just hours before his appearance at the University of the Cumberlands in Williamsburg. Initially, Dr. Paul addressed drug abuse in rural Kentucky. As a doctor, he immediately zeroed in on more vigilant policing of doctors who recklessly write prescriptions. He asked, “Are they being disciplined? I’m a doctor and occasionally I’ll get notification from the medical licensure board of people who are having their licenses suspended.” Referencing a recent...

Whenever government throws billions of dollars at the economy, one would certainly expect to find some jobs at the end of those dollars. President Obama has worked hard to convince the nation that the mega fiscal stimulus he signed into law produced some 650,000 jobs. This PR blitz is amazing in the face of an economy that has shed 3.4 million jobs since Obama was sworn in, the unemployment rate is pressing toward 10 percent, and the Obama jobs gap – the gap between where he promised we would be and actual employment — rises monthly. Political chutzpah aside, the...

There has been a lot of talk in Washington recently about senior citizens, mostly about how various healthcare reform models would help or hurt them. But there is another critical issue that has quietly devastated seniors financially over the last few decades. It concerns how the cost of living is calculated. How does the administration justify not giving a cost of living increase to Social Security recipients this year? According to the official Consumer Price Index calculation, life has gotten cheaper for the first time in decades. If the government can show statistically that the cost of living has gone...

Link only, per FR posting rules

Based on a theory known as Keynesian economics, (or, "Keynesianism" see: John Maynard Keynes) tax-and-spend politicians in Washington, D.C. have resuscitated the debunked, nonsensical notion that deficit spending during a recession can "stimulate" an economy. Considering the nation's out-of-control, unprecedented deficit spending, and the ridiculous idea floating around Washington of a "second stimulus, this short video is especially timely and educational.