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Obama administration officials had indicated last week that the U.S. was preparing to pledge $900 million in assistance for Gaza

WASHINGTON -- President Barack Obama on Thursday will propose $634 billion in new taxes on upper-income Americans and cuts in government spending over the next decade to pay for his promised health-care expansion. The tax increases and spending cuts will be included Thursday in Mr. Obama's comprehensive budget blueprint, and signal his ambition to overhaul the health-care system, one of the main planks of his presidential campaign. The tax increases would raise an estimated $318 billion over 10 years by reducing the value of such longstanding deductions as mortgage interest and charitable contributions for people in the highest tax brackets....

HR 1105 IH 111th CONGRESS 1st Session H. R. 1105Making omnibus appropriations for the fiscal year ending September 30, 2009, and for other purposes. IN THE HOUSE OF REPRESENTATIVES February 23, 2009 Mr. OBEY introduced the following bill; which was referred to the Committee on Appropriations, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL Making omnibus appropriations for the fiscal year ending September 30, 2009, and for other purposes. Be...

A rant from the WARROOM with Quinn and Rose Rant by Jim Quinn (Transcript by Neil E. Wright. Any errors are mine. I have added emphasis where I think it is appropriate.) "I want to talk more about the president's plan for the economy which will be unveiled tomorrow night. And as I've said a couple of times in this hour, I'm convinced now that its not stupidity. That its not just bold ideology. I'm convinced now that there is a global agenda to destroy the economy of the United States of America.And the reason? Very simple. You cannot establish...

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Seattle on Monday. Denver on Tuesday. Mesa AZ on Wednesday. Overland Park, Kansas today. What a week, huh? We got the anti-stimulus, anti-entitlement protest ball rolling — and now the movement, spurred further by CNBC host Rick Santelli’s call for a “Chicago Tea Party,” is really taking off. David Hogberg at Investor’s Business Daily has a nice piece out today spotlighting the growing taxpayer revolt the rest of the MSM won’t cover. He interviewed our registered commenters Liberty Belle Keli Carender, who spearheaded the Seattle anti-pork protest, and HuskerGirl Amanda Grosserode, who organized today’s anti-stimulus demonstration against Democrat Rep. Dennis...

Fresh off the trillion-dollar porkulus bill signing in Denver, President Obama immediately launched into his next New Raw Deal expansion: a massive mortgage entitlement program forcing lenders to refinance at an initial cost of $50 billion to $100 billion. That's in addition to the bipartisan-supported $50 billion in the "stimulus" bill to bail out homeowners underwater on their mortgages and the $2 billion in "neighborhood stabilization" funds to alleviate the foreclosure crisis. In tandem with the White House Bad Borrowers Bailout, Obama's old friends at the Association of Community Organizations for Reform Now (ACORN) are launching a new campaign of...

Dear Friends, As you know, today the President signed into law the "Americans Recovery and Reinvestment Act of 2009." The vote on the stimulus package was a very tough vote because of the very large deficit we have and the very large national debt faced by future generations. But the economy is in a desperate situation. Just in the month of January we lost 600,000 jobs, added to the loss of 2.8 million last year. There are millions of people who are having their homes foreclosed. The economists tell us that if we do not act that the current severe...

There is a principle called “Occam’s Razor,” which has been interpreted to mean that the simplest of two competing theories is usually the right one. This comes to mind as President Obama and the flying monkey minions in Congress scramble frantically to ram a trillion dollar “stimulus” bill down American’s throats with no debate, no discussion, and almost no understanding of what is in it. And what is in it makes it abundantly clear that this is no “stimulus.” It is riddled with hundreds of billions of dollars in pork, payoffs to special interest groups, massive increases in welfare spending,...

President Obama’s massive mortgage-bailout plan is nothing more than a thinly disguised entitlement program that redistributes income from the responsible 92 percent of home-owning mortgage holders who pay their bills on time to the irresponsible defaulters who bought more than they could ever afford. This is Obama’s spread-the-wealth program in action. Team Obama is rewarding bad behavior. It is enlarging moral hazard. It is expanding its welfarist approach to economic policy. And with a huge expansion of government-owned zombie lenders Fannie Mae and Freddie Mac, Team Obama is taking a giant step toward nationalizing the mortgage market. Reporting from the...

In tandem with the Bad Borrowers Bailout, Obama's old friends at the Association of Community Organizations for Reform Now are launching a "Home Savers" campaign. As with most of the bully tactics of the radical left-wing group, it ain't gonna be pretty. They are the shock troops on the streets doing the dirty work while the Community Organizer-in-Chief keeps his hands clean. Trumpets ACORN: "On Feb. 19, ACORN members will launch a new tactic in fighting foreclosures: civil disobedience. Participants in the ACORN Home Savers campaign nationwide will simply refuse to move out of foreclosed homes, or in some cases,...

Sen. Specter Jeered For Voting For Stimulus Plan PITTSBURGH (KDKA) - U.S. Sen. Arlen Specter was greeted with jeers at a press conference in Cranberry Township. Conservatives are fuming after Specter cast the deciding vote that led to the passage of President Barack Obama's stimulus plan. Specter, 79, acknowledges his run for re-election will be tough. He says he's not completely happy with Obama's plans but he points out that he was able to cut the price tag by over $100 billion and he says he was able to increase the amount of tax cuts. Even so, Specter acknowledges the...

COLUMBIA, S.C.: The highest-ranking black congressman said Thursday that opposition to the federal stimulus package by southern GOP governors is "a slap in the face of African-Americans." U.S. Rep. James Clyburn, D-S.C., said he was insulted when the governors of Texas, Louisiana, Mississippi and his home state, which have large black populations, said they might not accept some of the money from the $787 billion stimulus package. Texas Gov. Rick Perry said Wednesday he would accept the money, and none of the others has rejected it outright. The Republican governors of Idaho and Alaska also said they had reservations about...

The highest-ranking black congressman said Thursday that opposition to the federal stimulus package by southern GOP governors is "a slap in the face of African-Americans." U.S. Rep. James Clyburn, D-S.C., said he was insulted when the governors of Texas, Louisiana, Mississippi and his home state, which have large black populations, said they might not accept some of the money from the $787 billion stimulus package.

A Dobson High School Advanced Placement government class with strong opinions about Barack Obama watched the president's speech Wednesday on a small, grainy TV in the corner of their classroom. Some of the students attentively watched the speech, giving questioning looks and comments, shaking their heads and laughing at some of Obama's words. Other students listened, occasion ally glancing up to watch, while texting on their cell phones, reading a book or finishing school work. The gymnasium's events were shown simultaneously in rooms throughout the Mesa school, and teachers were given discretion on whether to show the speech, the students...

PHOENIX - President Barack Obama’s plan to tackle the foreclosure crisis will spend $75 billion in an effort to prevent up to 9 million Americans from losing their homes. In tandem, the Treasury Department said it would double the size of its lifeline to Fannie Mae and Freddie Mac. The government, which seized the mortgage finance companies last fall, said Wednesday it would absorb up to $200 billion in losses at each company. The plan, which Obama is releasing later Wednesday, is more ambitious than initially expected — and more expensive. It aims to aid borrowers who owe more on...

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BY EDWARD LUCEA & KRISHNA GUHA Nationalisation, long regarded in Washington as a folly of Europeans, is gaining rapid ground among US opinion-formers. Stranger still, many of those talking about federal ownership of banks are Republicans. Lindsey Graham, the Republican senator for North Carolina, said that many of his colleagues, including John McCain, the defeated presidential candidate, agreed with his view that nationalisation of some banks should be “on the table”. Mr Graham said that people across the US accepted his argument that it was untenable to keep throwing good money after bad into institutions such as Citigroup and Bank...

PHOENIX – His massive stimulus plan now signed into law, President Barack Obama is turning to attack the home foreclosure crisis at the heart of the nation's deepening economic woes. His goal is to prevent millions of American families from losing their houses because they can't make mortgage payments. "We must stem the spread of foreclosures and falling home values for all Americans, and do everything we can to help responsible homeowners stay in their homes," Obama said Tuesday as he signed his tax cut and spending package into law. The ambitious plan he was announcing at a Phoenix high...

President Barack Obama has not ruled out another stimulus package, even as with a few strokes of the pen he enacted the most expensive piece of legislation in US history at $787 billion. Speaking shortly before Mr Obama landed in Denver to sign the bill that aims to revive the depressed largest economy in the world, his press secretary Robert Gibbs said "the President is going to do what's necessary to grow this economy". Asked about the possibility of a second bill at later stage he replied, "I wouldn't foreclose it, but I wouldn't say, at the same time, that...