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January 28, 2010

“ [Barack] Obama’s touted spending freeze for some domestic agencies is the politics of gesture. It would apply to only 17% of the budget, and these programs have already had a 22% increase in their annual appropriations in the past two years, and another 25% increase including stimulus. As for the deficit, CBO shows that over the first three years of the Obama Presidency, 2009-2011, the federal government will borrow an estimated $3.7 trillion. That is more than the entire accumulated national debt for the first 225 years of U.S. history. By 2019, the interest payments on this debt will be larger than the budget for education, roads and all other nondefense discretionary spending. If this borrowing were financing defense investments or tax rate reductions to spur the U.S. economy, we wouldn’t be worried. But most of this money is going to transfer payments to individuals, or subsidies to home buyers and inefficient businesses that do little for wealth creation. As it always does, CBO forecasts that deficits will decline in the later years of its 10-year budget window. But this forecast depends on assumptions about Congress so fanciful that James Cameron couldn’t make them up. … If the President and his party really are serious, they can do more than promise a spending freeze after 2012. They can stop spending more now: Drop the health-care bill, cancel the unspent stimulus spending from last year, kill the $150 billion new stimulus that has already passed the House, and bar all repaid bailout cash from being re-spent. Everything else is marketing. ”

The Wall Street Journal

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January 27, 2010

Think you'll hear any of these in tonight's State of the Union speech?

“let me be clear” ”make no mistake” ”back from the brink” ”signs of recovery” ”restored our reputation” “fiscal restraint” ”greed on Wall Street” ”I will not rest” ”affordable health care” ”relief for working families” ”job creation” ”inherited”

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January 27, 2010

“ The problem is not the ‘crises’ Obama inherited. It’s the ones he’s creating. He has lived in such a socialist policy shell all his life that he doesn’t have a clue that he’s on a different planet than most of us. If he were just slightly less narcissistic, he might be able to figure this out. But … no matter what adjustments he promises to make following the Boston Massacre, he still intends to govern like a socialist. He only wants to do a better job of figuring out how to do it less visibly, hoping we won’t ‘get it’ before it’s too late. ”

columnist David Limbaugh

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January 27, 2010

Dr. C. Everett Koop speaking on behalf of American’s seniors and 60 Plus.

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January 27, 2010

GOP re-introducing healthcare reform bill

Rep. Paul Ryan is re-introducing legislation in Congress today — amid criticism that his is ‘a party of no’ — to offer Republican alternatives to health care and spending the same day President Barack Obama will deliver his State of the Union address to Congress.

Ryan, the House Budget Committee Ranking Republican and chief sponsor of the bill, said the legislation will “restore our long-held legacy of leaving the next generation of Americans better off.”

The legislation, “A Roadmap for America’s Future,” was initially introduced in 2008, yet the version introduced today “will reflect the dramatic decline in our nation’s economic and fiscal condition” since then, according to a release from Ryan’s office.

“Simply saying ‘no’ to the further government expansions – simply maintaining today’s ‘status quo’ – is no longer an option: our health care sector must be reformed; our economy needs sustained job creation and real growth; and we must tackle the greatest threat to our economic and fiscal future – the crushing debt burden driven by the unsustainable growth in entitlement spending,” Ryan said in a statement.

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January 25, 2010

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