Another Debt Ceiling Article
Image from http://www.usatoday.com/news/washington/2011-07-28-debt-ceiling-questions_n.htm
For the past week, Republicans have been putting a weird emphasis on a “balanced budget amendment” (Paul Ryan admitted that the balanced budget amendment is unrealistic), an amendment that was never even mentioned during the presidency of Bush 2. As Stephen Colbert satirically said last year, “Deficits don’t matter when a Republican is president, but they do when a Democrat is president”. Republican Senator Jim DeMint has proved especially helpful as he has promised to veto everything and would prefer default to a debt ceiling deal. Focus (by both the press and Democrats) has been on Wall Street’s reaction to the negotiations, but the value of the dollar is much more important to the average person, and after the vote on Thursday night failed, the dollar fell drastically.
We now know why the vote failed in the House on Thursday and (with the insertion of the amendment) passed on Friday, as more than110 “trade groups” (including Real Estate companies, the Chamber of Commerce, manufacturing groups, and even the National Beer Wholesalers Association) signed a letter supporting Speaker Boehner’s proposal. However, top Ronald Reagan advisors (the latest being his domestic policy advisor Bruce Bartlett) are calling for taxes to be raised on the wealthy (most importantly, the capital gains rate) and that the whole “trickle-down” economics theory is bunk.
56% of Americans still think a deal will be struck, and 68% of people think that there should be some kind of compromise and only 23 percent favor default over compromise. Even the majority of Republican voters favor a compromise (while the majority of self identifying “Tea Partiers” do not favor a compromise). Meanwhile, leaders of both parties are becoming even less popular (with Obama’s approval rating falling to 40%, and Harry Reid and Boehner’s ratings being even lower). Also, the job issue is considered much more important than government debt by most Americans.
Some commentators have correctly pointed out that lost in all this bogus debt ceiling talk (and the talk about the debt in particular, with even commentators like Fareed Zakari calling for major “reforms” in “entitlements”) is that unemployment is the bigger crisis. Perhaps even more lost in the shuffle is the even bigger crisis facing the American economy, income inequality. A recent Pew Study shows that the wealth gap has become even more lopsided between ethnic groups. The average white family’s wealth is 20 times that of the average Hispanic or black family. 31% of Hispanic families have zero or negative net worth, 35% of black families and 15% of white families suffer the same fate. So perhaps it could be correctly said that at the same time wealthy members of Congress debate where to make cuts in social programs, they have been stealing everyone’s money.
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Author: Clint Hulsey
4:25 pm
THINK?
Either party, Democrat, Republican are completely ignorant or just intentionally remain unconcerned about the massive expenditures for pandering to the illegal alien invasion. The federal debt ceiling and all 50 States have huge deficits from the illegal immigration occupation. Schools, health care and programs that is reducing America to a pauper nation. You as the American people must start yelling at the politicians in Washington, to demand they recognize that this issue is part of the discretionary spending. Only Rep. Michele Bachmann R-MN) Leader of the Tea Party Caucus, dares to speaks out about this issue, with a conviction that this is part of our national issues. The TEA PARTY membership can now be counted in the tens of million of ordinary citizens, who are black , Hispanic, White and other races. Bombard Congress with you voices, tell them no Amnesty, No Immigration Reform, no Sanctuary cities or States and No Dream Acts.
REMOVE ILLEGAL ALIENS AND THAT WILL CONSERVE TAXPAYER MONEY, AND MOVE US ON TOWARDS A BALANCED US TREASURY BUDGET AND THAT INCLUDES ALL 50 STATES WILL ARE SUFFERING AS WELL.
This needs to be repeated that When (Fair) analyzed the cost of illegal immigration and its nationwide deficit, they came up with a stunning figure of $113 billion dollars annually, while illegal alien revenue to the government coffers was a total amount of $13Billion dollars and change. Not included in these illegal foreign labors is wages leaving the country to foreign nations, estimated to be 46 Billion dollars? Our economy is sinking and the Obama administration is insisting on passage of another Amnesty failure. Heritage Foundation has stated that cost for processing another Amnesty expenditure is another 2.5 Trillion dollars.
Break down of revenue to support illegal migrants and illegal immigrants.
Federal Expenditures on Illegal Aliens
Education Title 1 program $1,332,900,000
Migrant education program $236,900,000
Title 111 program $538,000,000
Education Subtotal $2,107,800,000
Medical Emergency medical care $250,000,000
Fraudulent use of Medicaid $1,235,000,000
Medicaid cost of childbirth $1,238,100,000
Medicaid for children $1,626,800,000
other medical outlays $1,600,000,000
Medical Subtotal $5,949,900,000
Law enforcement Scaap compensation $330,000,000
Federal incarceration $678,400,000
Byrne grants $24,300,000
Detention and removal $2,545,000,000
Project safe neighborhoods $39,500,000
Residual ice functions $2,824,000,000
Exec. Office of immigration review $222,500,000
Southwest border prosecution $33,000,000
National Guard $642,000,000
Coast Guard $500,000,000
Law Enforcement Subtotal $7,838,700,000
Public assistance Free and reduced meal program $2,264,600,000
Temporary assist. Needy families $1,030,000,000
Housing assistance programs $637,000,000
Child care & development fund $633,000,000
Public Assistance Subtotal $4,564,600,000
General expenditures $8,184,400,000
TOTAL EXPENDITURE FOR US GOVERNMENT $28B, 645,400,000
State/Local Expenditures on Illegal Aliens ($ M)
Alabama $298 Illinois $4B,592 Montana $32 Rhode Island $278
Alaska $139 Indiana $608 Nebraska $262 S. Carolina $391
Arizona $2B,569 Iowa $350 Nevada $1B,191 S. Dakota $33
Arkansas $244 Kansas $442 New Hampshire $123 Tennessee $547
California $21B,756 Kentucky $280 New Jersey $3B,478 Texas $8B,878
Colorado $1B,451 Louisiana $224 New Mexico $608 Utah $453
Connecticut $957 Maine $41 New York $9B,479 Vermont $38
Wash D.C. $312 Maryland $1B,724 N. Carolina $2B,063 Virginia $1B,905
Delaware $305 Massachusetts. $1B, 862 N. Dakota $32
Washington State $1B, 510; Florida $5B,463 Michigan $929,
Ohio $563 W. Virginia. $31; Georgia $2B; 399 Minnesota,
$744 Oklahoma $465 Wisconsin $883.Hawaii $155 Mississippi.
$106 Oregon $705 Wyoming $51, Idaho $188 Missouri $338,
Penn. $1B,378
TOTAL STATE AND MUNICIPAL $83B,851
REVENUE INTO FEDERAL AND STATE TREASURIES FROM ILLEGAL ALIENS
Category federal State/local
Income -$2,302,800,000 $244,200,000
Social security $7,000,000,000
Medicare tax $1,637,100,000
Excise and miscellaneous $2,489,700,000
Employer (FUTA & income) $632,600,000
Property tax $1,378,000,000
Sales tax $2,333,000,000
TOTAL FEDERAL,STATE, LOCAL GOVERNMENT FROM ILLEGAL IMMIGRANTS $ 13B, 235.000.000
NOW CALCULATE THIS! TAKE $13.235.000.000 FROM $113.296.000.000 = ( $110.061.400.000 )
IN TAXES AMERICANS SUPPORT ILLEGAL ALIENS ANNUALLY $110.061.400.000
If you as a taxpayer wants to keep paying financial support for 20 million illegal aliens outlaws, then you deserve higher taxes and loss of jobs. Read the projections of future years if our borders remain unsecured, or no tracking system for 40 percent of visa over stays, who disappear and all take American workers jobs. Go to the Heritage Foundation website, NumbersUSA or Judicial Watch and read for the dollar figures that will turn your stomach sour. This is a patriotic chance to help your fellow jobless countryman by Calling House and Senate Leadership NOW Call the Capitol Switchboard at 202-224-3121
COPY THIS INFORMATION AND DISTRIBUTE TO FAMILY AND FRIENDS.
2:15 pm
Never mind that Reid, Durbin, & Obama have a debt ceiling history of their own! http://tinyurl.com/44syy6p