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Frank Fires Shots Right & Left On Deficit (BLAMES Hussein? Still no Banking Queen investigation)
WBUR ^ | 2/19/10 | BOB OAKES and BENJAMIN SWASEY

Posted on 02/21/2010 8:34:17 PM PST by Libloather

Rep. Frank Fires Shots Right And Left On Deficit
By BOB OAKES and BENJAMIN SWASEY
Published February 19, 2010 UPDATED 9:59 PM

BOSTON — A day after President Obama appointed a bipartisan commission to attack the record $1.6 trillion U.S. budget deficit, Rep. Barney Frank offered his own form of two-party agreement — criticizing both Democrats and Republicans for failing to adequately address the national deficit.

Speaking to WBUR on Friday, the Massachusetts congressman blasted Mr. Obama for sparing military spending from the proposed budget cuts, calling it “the area where I have my major difference with President Obama.” While a majority of Senate Democrats support the commission’s agenda, Frank said he will not take a position along party lines alone.

“To be very honest, if they do not include a reduction in this ever-increasing Pentagon budget, I intend to be very troublesome,” Frank said. The military should not be given a pass on budget cuts, the congressman insisted, saying, “I won’t vote for a commission that embodies that.”

By voting for the war in Afghanistan, Frank said he understands the U.S. has an obligation to invest adequately and support its troops, but he believes the defense budget should be subject to the same scrutiny as all other spending. As an example, he said the “excessive use” of private contractors should be curtailed.

Frank said some of the blame falls less directly on Mr. Obama and more on the nature of the job as the leader of a world superpower. There is an “establishment trap,” Frank said, which forces presidents, hampered with national security concerns, to push the Pentagon’s budget up even as other areas are cut.

Frank also sees the country investing too much of its money abroad.

“The problem is we are substantially over-committed worldwide,” Frank said. “We have to begin now to reduce those commitments. We have to begin now to undo some of the spending we’re still doing to defeat the Soviet Union in the thermonuclear war. We should be withdrawing from Iraq much sooner than the president planned.”

Frank also put blame on Republican leaders, who he said are only interested in political gains.

“It’s becoming clear now that the dominant element of the Republican Party really does not want things to succeed,” Frank said. “I honestly believe at this point that they are not going to cooperate on a jobs creation bill because the unemployment numbers getting better is a bad thing for them.

“And I think they are under some ideological constraints against cooperating with a deficit reduction,” Frank added, “because you have to have a mix of spending reductions and you have to deal with the question of increased taxes.”

Frank is an advocate of returning to Clinton-era tax rates, but said Republicans won’t agree to the proposal.

“Unless there’s no tax increases at all — that people making $1 million won’t pay a penny of additional taxes, that we won’t go back to the tax rates that we had under President Clinton, which was consistent with a very good economy — they’ll oppose it,” Frank said.

Despite Congress’ partisan rancor, and his own two-party critiques, Frank nonetheless believes that the legislature could accept the new commission’s recommendations — “if the public gets behind it.”

“Members of Congress are not autonomous figures,” he said.


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: banking; deficit; dnc4fraud; dncricoenterprise; financialcoverup; frank; hussein; noaccountability; notransparency; sharia
Heaven help us.


President Obama on Thursday named former Wyoming Republican Sen. Alan Simpson, right, and Erskine Bowles, President Clinton’s former chief of staff, to serve as co-chairmen of the bipartisan National Commission on Fiscal Responsibility and Reform. (AP)

1 posted on 02/21/2010 8:34:18 PM PST by Libloather
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To: Libloather
I think Barney might be getting a little nervous up here in his District. There is someone running against him, and while he may not be able to beat Barney, especially in the Newton, Wellesly areas, he WILL be bringing up Barney's complicity in the mortgage mess over the last few years.

It won't be pretty.

2 posted on 02/21/2010 8:38:38 PM PST by SuziQ
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To: Libloather

Franks would to decimate the military budget. One reason for the huge deficits would to reduce the capacity of the military to project power. Russia and China would like that.


3 posted on 02/21/2010 8:40:04 PM PST by RobbyS (Pray with the suffering souls.)
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To: Libloather
Frank also put blame on Republican leaders, who he said are only interested in political gains.

Wascally Wabbits

4 posted on 02/21/2010 8:44:14 PM PST by Brandonmark (News Coverage)
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To: Libloather

Great post/pic. UNaccountable bureaucrats. Eff them all.

In order to make a more perfect union, Barney would be hoisted on someone’s petard in a prison cell.


5 posted on 02/21/2010 8:44:25 PM PST by PGalt
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To: Libloather

“subject to the same scrutiny as all other spending.”

Mr. Frank, remember, you are under oath.

A phrase I hope to hear soon.


6 posted on 02/21/2010 8:48:22 PM PST by Jet Jaguar
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To: Libloather
Earl Sholley is running against Barney Fwank. Support him.

BECOME A FAN:

Fannie Mae is BARNEY MAE

7 posted on 02/21/2010 8:59:09 PM PST by StopObama2012 (CLICK ME to expose Osaudi)
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To: PGalt
No, no, no. That dentally-challenged polesmoker would be like a NAMBLA member in a Boy Scout camp if you sent him there. He needs to be sentenced to a maximum security woman's prison, and his cellmates should be a trio of man-starved sistas named Betty Butt, Bella Butt, and Bathsheba Butt! BUMP-BUMP-BUBBA-DUMP, BUMP-BUMP-BUMP-BUMP BUBB-DUMP!

The party was jumpin' when Bertha got off o' her stump,

The whistles were blowin' and everybody did the "Bump".

But all the time Bertha had been workin' on her goodie,

Now folks call it "The Bertha Butt Boogie".

When Bertha got movin' her hips were hummin' in the wind,

The ground started shakin' - no grass grew where she'd been!

The music was poppin', the crowd had formed a ring,

Her sisters yelled, "Boogie, Bertha, do your thing!".

Uh, for your information, Bertha had three sisters,

Betty Butt, Bella Butt and Bathsheba Butt.

When Bertha Butt did her goodie,

She started "The Bertha Butt Boogie".

I said no question.

Hey, Leroy, get away from that woman!

The boy'll never learn!

Uh-oh, here comes the Troglodyte!

Troglodyte: "Come here, sock it to me!"

Bertha stood back and yelled, "Betty, Bella, Bathsheba!"

And the Butt Sisters backed her up when she yelled, "I need ya!".

The Troglodyte, Leroy, Luther and the Butt Sisters all knew

That "The Bertha Butt Boogie" was now the thing to do.

When Bertha Butt did her goodie,

She started "The Bertha Butt Boogie".

No question.

Bertha: "I'll sock it ya, daddy!"

Troglodyte: "Me like, me like! Come here, woman, woman!"

Leroy: "Yo' mama, I'm calling you, man!"

Troglodyte: "Yeah - the Boogie!"

LMAO


8 posted on 02/21/2010 9:12:19 PM PST by Viking2002 (Old fishermen never die. They just smell that way.)
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To: Libloather

BTTT


9 posted on 02/21/2010 9:12:23 PM PST by SweetCaroline (He is the Antichrist that denieth the Father and the Son. 1-John 2:22)
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To: Libloather
he said the “excessive use” of private contractors should be curtailed.

I hear some will be curtailed this year. Air Force has contracted out safety programs for some years now. Pilots and others who did it in the service do it for lower pay in the private sector. Where they will get the people to do it in house I don't know. They're tapped out now.

10 posted on 02/21/2010 9:18:32 PM PST by Brugmansian
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To: SuziQ

11 posted on 02/21/2010 9:23:11 PM PST by abigailsmybaby (The government doesn't work. Please return my taxes.)
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To: All

Banking Queen

http://www.youtube.com/watch?v=7oqD5z96HEg


12 posted on 02/21/2010 9:26:50 PM PST by Irenic
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To: Libloather

Which spending bills have you voted against, Fwank?


13 posted on 02/21/2010 9:28:34 PM PST by YHAOS (you betcha!)
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To: RobbyS

“One reason for the huge deficits would to reduce the capacity of the military to project power.”

I agree. You increase the deficit by 1 trillion a year in union benefit programs. Then you offer to cut the federal deficit by 5% across the board. You have still increased payoffs to unions by 100% and decimated the military budget. It’s a twofer.

And then you make up songs about “those lil ol’ deficit, cutters Barak and Barney.”


14 posted on 02/21/2010 9:38:48 PM PST by ModelBreaker
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To: Viking2002

ROFLMAO! Very funny Viking2002. I’ll take your scenario over mine!


15 posted on 02/21/2010 9:53:01 PM PST by PGalt
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