The Obama administration keeps coming forward with proposals that would undermine the economic recovery even as it claims to be trying to save it. At least $1 trillion has been spent to supposedly “stimulate” the economy and the budget deficit is at a record level. Yet, the economic gurus within the executive branch have floated another proposal that is both incongruous and counterproductive.
California’s $7 Billion Bailout?
When Congress debates California’s requested $7 billion bailout, instead of looking at the benefits it could bring California, they first need to look at the source of the problem and understand the reasons why the state is in such trouble. Citizens and business owners in California are outraged that the state government continues to raise taxes while refusing to eliminate wasteful spending.
Obama’s $106 Billion War Supplemental
On April 9, 2009, the Office of Management and Budget (OMB) released a summary of the administration’s proposed fiscal year 2009 Supplemental Appropriations Act, stating that it “is the last planned war supplemental.” In the bill, President Obama sought $83.4 billion to fund “ongoing military, diplomatic, and intelligence operations.” The OMB release stated that “the President will not tolerate it being turning into a vehicle for political projects. He has made it very clear to Congress that he will not accept any earmarks in the bill – and he will not tolerate the bill being loaded up with unrelated items. The era of irresponsibility is ending.”
CAGW’s FOIA Project
On February 17, 2009 President Obama signed an economic “stimulus” bill, formally known as the American Recovery and Reinvestment Act (ARRA). More than $787 billion is slated to be spent through ARRA to help revive the economy.
Waxman and Markey Attempt to Go Green, But Put Taxpayers in the Red
On May 21, 2009, the House Energy and Commerce Committee passed the American Clean Energy and Security Act of 2009 (ACESA), which was co-sponsored by Committee Chairman Henry Waxman (D-Calif.) and Energy and the Environment Subcommittee Chairman Ed Markey (D-Mass.). Among other environmental regulations, the legislation calls for the implementation of a burdensome cap-and-trade system. This byzantine system proposes that the government grant tradable allowances for each ton of pollution emitted into the atmosphere to such entities as electric utilities, oil companies, and large industrial sources. The program decreases the number of available allowances issued each year to reduce greenhouse gas emissions based on 2005 levels by 3 percent in 2012, 17 percent in 2020, 42 percent in 2030, and 83 percent in 2050.
Don’t Ground the Presidential Helicopter Program
The presidential helicopter has always provided the media with a picturesque backdrop for the president. One of the most famous images is President Nixon waving goodbye to the White House for the last time on August 9, 1974 from the top step of the helicopter.
The First Cut Is The Lamest, Not The Deepest
In February, President Obama introduced a $3.69 trillion budget for the 2010 fiscal year, a proposal that would, according the Heritage Foundation, increase spending by $1 trillion over the next ten years, lead to a 12 percent increase in discretionary spending, and leave permanent deficits averaging $600 billion even after the economy recovers. In a peace offering to get some political cover for this explosion of spending, President Obama called for his cabinet to make $100 million worth of spending cuts.
Stimulus Bill Raises Questions
As the current version of the stimulus bill awaits a Senate vote and President Obama’s signature, there are still plenty of questions and concerns about whether it will in fact stimulate the economy and create jobs. As House Minority Leader John Boehner (R-Ohio) states on his website, “We need a bill that creates jobs….” One would think that this would be the goal, except it’s not always the case with this stimulus package.
The RUS: A Fiscal Ruse
The so-called stimulus bill passed by Congress and signed by the President grows government so much it would even make FDR blush. There are countless expenditures included in the bill that have nothing to do with “fixing” the economy. One such item is $2.5 billion for broadband deployment through the Rural Utilities Service (RUS).
Waste and Fraud at the Central Intelligence Agency
Waste and fraud at the Central Intelligence Agency not only squanders taxpayers’ money but also endangers American lives. When money is diverted away from intelligence missions on rogue state nuclear threats, for example, Americans are at risk.