Tuesday, April 5, 2011

Steve Peters Commentary - #2787 -(1) Paul Ryan: The GOP Path to Prosperity - Wall Street Journal (2) Byron York: Uncovered: New $2 Billion Bailout in Obamacare - Washington Examiner (3) Editorial: $4 Trillion in Cuts is Just a Start - Investors.com

Our budget cuts $6.2 trillion in spending from the president's budget over the next 10 years and puts the nation on track to pay off our national debt.
Congress is currently embroiled in a funding fight over how much to spend on less than one-fifth of the federal budget for the next six months. Whether we cut $33 billion or $61 billion—that is, whether we shave 2% or 4% off of this year's deficit—is important. It's a sign that the election did in fact change the debate in Washington from how much we should spend to how much spending we should cut. But this morning the new House Republican majority will introduce a budget that moves the debate from billions in spending cuts to trillions. America is facing a defining moment. The threat posed by our monumental debt will damage our country in profound ways, unless we act.  Read more....... SP: If anyone has been surprised by Obama's policies and how he has governed since being elected to the presidency, they were not paying attention. There are no more excuses, but there is now a very clear choice between two economic philosophies. Paul Ryan's plan gives us a chance to reign in the federal government, while freeing up individuals to create millions of real jobs and help the economy grow significantly. We can pick his path to prosperity or Obama's debt riddled road to ruin.

Byron York: Uncovered: New $2 Billion Bailout in Obamacare - Washington Examiner - Investigators for the House Energy and Commerce Committee have discovered that a little-known provision in the national health care law has allowed the federal government to pay nearly $2 billion to unions, state public employee systems, and big corporations to subsidize health coverage costs for early retirees. At the current rate of payment, the $5 billion appropriated for the program could be exhausted well before it is set to expire. .  Read more........ SP:Guess we should have read the bill BEFORE we passed the bill. BILLIONS of our tax dollars where handed out to private unions, government unions, and selected large corporations under provisions in the ObamaCare legislation.

Editorial: $4 Trillion in Cuts is Just a Start - Investors.com -   Budget: Republicans are set to unveil common-sense changes to entitlements that cut spending $4 trillion over the next decade and start to restore our fiscal health. Predictably, do-nothing Democrats call them "extremist."  But who's the real extremist here? The one who recognizes that $10 trillion-plus in expected deficits over the next 10 years is a serious problem? Or those who insist there's no budget problem so bad that more spending and a massive tax hike on all Americans can't fix it?  Truth is, our long-term fiscal problem is so severe that, absent immediate corrective action, our country's political and economic future is imperiled.  Read more......  SP:  The predictable hollering howls of the hollow left will be in full display this week, as Republicans are called extremists for attempting to rein in the Obama spending spree, which will DOUBLE our national debt by the end of his four year term. This country cannot afford a second Obama term in office for a multitude of reasons, including the fact that his budget would TRIPLE the national debt by the end of this decade. "this Obama budget is larger than the total debt accumulated by the federal government from 1789 to January 20, 2009."

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