Obama Wars
See other Obama Wars Articles
Title: Illinois Failures Go Nationwide Under Obama
Source:
Investors Daily
URL Source: http://www.investors.com/NewsAndAna ... Go-Nationwide-Under-Obama.aspx
Published: Jul 20, 2010
Author: Phyllis Schlafly
Post Date: 2010-07-20 15:50:02 by Badeye
Keywords: None
Views: 15384
Comments: 27
Illinois Failures Go Nationwide Under Obama By PHYLLIS SCHLAFLY Posted 07/19/2010 07:05 PM ET View Enlarged Image 'Unsustainable" is a scary word that recently entered political discourse, coming authoritatively from Congressional Budget Office Director Douglas Elmendorf. Unsustainability is the operative moniker for Barack Obama's massive deficit spending, which Elmendorf said "cannot be solved through minor tinkering." The CBO predicts an increase in our public debt from $7.5 trillion at the end of 2009 to $20.3 trillion at the end of 2020 if Obama's fiscal 2011 budget is implemented. As a percentage of gross domestic product, the debt will rise to 90% from 53%. Sen. Kent Conrad, D-N.D., sharpened the focus by asking the CBO director: "What's going to be necessary (is) either a 25% increase in taxes or a 20% reduction in spending, or some combination thereof. Is that correct?" Elmendorf replied "yes." Americans are beginning to wonder if Greece is the picture of the U.S.' future. But we need look no further than the place where Obama and his team were trained in community organizing and bully tactics to redistribute the wealth: Illinois. Illinois was the stomping ground for years for Obama, his top advisers Rahm Emanuel, Valerie Jarrett and David Axelrod, and his appointees such as Secretary of Education Arne Duncan. After they promoted themselves to Washington to run the country, other Obama associates who didn't make the cut continued to run Illinois into the ground, as the Illinois unemployment rate jumped from less than 5% to nearly 11%. For years, we thought California was the most fiscally irresponsible of all 50 states, but Illinois has now taken the lead. A lengthy news article in the New York Times was headlined: "Illinois Stops Paying Its Bills, but Can't Stop Digging Hole." Under years of Democratic leadership, Illinois has refused to honor its obligations, cut spending or trim its shockingly large deficit, which at $12 billion per year approaches nearly half its budget. As a result, Illinois' credit rating has been downgraded and it pays a massive amount in interest on its loans. That's like a family making $50,000 but spending $75,000 each year. Obviously, it won't take long before such a family would lose everything it has. The big-majority Democratic state legislature, defying Illinois' balanced-budget law, has been passing deficit budgets for years. The new definition of a liberal is no longer tax-and-spend; it's borrow-and-spend. It's no surprise that unemployment keeps increasing, and the reason why the rate isn't higher than we are told is that the government has stopped counting people who have given up looking for a job. Employers are not hiring because taxes and regulations are expected to rise
Post Comment Private Reply Ignore Thread
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Begin Trace Mode for Comment # 9.
#1. To: Badeye (#0)
(Edited)
Here are the states with the biggest 2011 deficits, the deficit as a percentage of state spending, and the party of the chief executive: Nevada - 54% - R 5 Republicans, 2 Democrats. And you keep arguing that we would be better off if we had more Republicans in charge? Source: http://www.cbpp.org/cms/?fa=view&id=711 Oh, and Tim Pawlenty's state has a 26% shortfall.
Nevada - 54% - R Illinois - 42% - D New Jersey - 38% - R Arizona 37% - R Maine 35%- D North Carolina - 30% - R Vermont - 30% - R 5 Republicans, 2 Democrats. And you keep arguing that we would be better off if we had more Republicans in charge? Source: http://www.cbpp.org/cms/?fa=view&id=711 Oh, and Tim Pawlenty's state has a 26% shortfall. So many misrepresentations in this post...(laughing) You cite Governorships, then ask 'you keep arguing we'd be better off if we had more Republicans in charge?' I'm speaking of the House of Representatives. And the US Senate. Second...care to detail which party controls the state legislatures in those states you cite? And for how long? And then tell the forum what body in each respective state controls spending? Finally, since you tossed Pawlenty in there...tell the forum which Democrat governor has a surplus. (roaring with laughter) You gotta get away from canned 'talking points' from other sites, GO65...and think for yourself. btw, I'm for CONSERVATIVES taking over top to bottom. GOP is just 'helpful' some of the time.
No, you are for John Boehner and Mitch McConnell taking over.
Almost as horrifying as Pelosi and Reid.
There are no two people close to being as horrifying and terrifying as Pelosi and Reid.
Oh, I think that Patty Murray and Barbra Boxer come pretty close. Lindsey Graham as well.
They don't have the power vested in them like the dangerous duo.
There are no replies to Comment # 9. End Trace Mode for Comment # 9.
Top • Page Up • Full Thread • Page Down • Bottom/Latest
Illinois - 42% - D
New Jersey - 38% - R
Arizona 37% - R
Maine 35%- D
North Carolina - 30% - R
Vermont - 30% - R
#2. To: go65 (#1)
Here are the states with the biggest 2011 deficits, the deficit as a percentage of state spending, and the party of the chief executive:
#5. To: Badeye (#2)
I'm for CONSERVATIVES taking over top to botto
#6. To: go65 (#5)
No, you are for John Boehner and Mitch McConnell taking over.
#7. To: jwpegler, go65 (#6)
Almost as horrifying as Pelosi and Reid.
#8. To: Ibluafartsky (#7)
There are no two people close to being as horrifying and terrifying as Pelosi and Reid
#9. To: jwpegler (#8)
Oh, I think that Patty Murray and Barbra Boxer come pretty close. Lindsey Graham as well.
Replies to Comment # 9.
[Home] [Headlines] [Latest Articles] [Latest Comments] [Post] [Mail] [Sign-in] [Setup] [Help] [Register]