With his latest budget proposal, President Barack Obama is trying to convince the American people that after years of spending taxpayers’ money like water and running up record debts, he has suddenly become a debt hawk. In a February 15 press conference he said that under his budget “we’re not going to be running up the credit card anymore.” Two days earlier, Office of Management and Budget Director Jack Lew told CNN’s Candy Crowley that “our budget will get us, over the next several years, to the point where ... we’re not adding to the debt anymore.”
New Jersey�s Republican Governor Chris Christie gave a captivating speech in Washington, D.C. yesterday that has some members of the conservative movement excitedly making another push for Christie to seek a 2012 presidential bid, despite Christie�s assertions that he was uninterested in doing so.
Senator Orrin Hatch (R-Utah) is under scrutiny from fiscal conservatives following his address at the Conservative Political Action Conference (CPAC) on Friday, when he defended his big government, big spending voting record in the Senate, including his vote for the "bailout," the Troubled Assets Relief Program (TARP), the unconstitutional, ill-fated, taxpayer-funded, government-led nationalization and bailout of the assets and equity of several failed financial institutions in the wake of the subprime mortgage crisis in 2008.
It appears that Fox News� coverage of the 2011 CPAC presidential straw poll announcement was a misrepresentation of the actual events.
In the segment of this year�s event featured on Fox News� America�s Newsroom with Martha McCallem and Bill Hemmer, rather than presenting actual footage from the 2011 event, Fox News strangely showed the video of the results of the 2010 CPAC presidential straw poll, in which Paul was declared the victor before a crowd of disgruntled Mitt Romney supporters who loudly booed the results:
Simply stated, President Obama�s proposed budget not only neglects the plaguing economic crisis facing the nation, but is a virtual insult to the American intelligence. The proposed $3.73 trillion budget is greater than the combined Gross Domestic Products of France, Italy, and Ireland and will serve as the biggest one year debt jump in the history of mankind, $2 trillion.
Despite the plight of the federal deficit and the American economy, President Obama has proposed spending $8 billion for a bullet train program, which will serve as only a down payment for the $53 billion over the next six years. Obama has touted the high-speed train program as a symbol of American innovation, but others contend that it is financially irresponsible.
Last week, the United States House of Representatives failed to extend several provisions found in the Patriot Act under a special expedited procedure that requires a two-thirds majority vote. To the surprise of House Republicans, the measure failed by seven votes, prompting Republicans to bring the bill up once again under a rule, which requires only a simple majority. Not surprisingly, the vote passed on Monday night by a vote of 275 to 144, extending the provisions of the Patriot Act an additional nine months.
President Obama labeled his 2012 budget proposal "a down payment toward a permanent fix" for the expected record deficit, but his fiscal 2012 budget proposal actually leaves deficits higher than his previous budget proposals.
This year’s Conservative Political Action Conference (CPAC) has proven to be not only a boon for constitutionalism, but also a vindication of what true, constitutional conservatives have long advocated and warned of: that former Speaker of the House Newt Gingrich is not a principled champion of fiscal and constitutional conservatism, but is instead an opportunist whose ideological alliances serve no cause other than his own self interests.
President Barack Obama was preaching economic patriotism when he addressed the U.S. Chamber of Commerce last week, urging the nation's business leaders to consider what they can do for their country, as well as for their balance sheets.
In the coming months, the Department of Health and Human Services will be ironing out the details of the CLASS Act and submitting information to employers in preparation for enrolling their employees into the voluntary program in 2012.