Obama Budget Deficit: We’re Gonna Need A Bigger Graph….

Obamanomics post at HotAir here:

..We’re gonna need a bigger graph, soon, one that fades the pinkish Obama-bars the rest of the way out and pinks the obsolete CBO-reds, then adds some new reds or maybe some psychedelic paisleys in the honor of Baby Boomers and their worthless retirement portfolios, since economic growth and unemployment figures have already negated the chartmaker’s assumptions, since major spending initiatives have not yet been incorporated, since major financing mechanisms (like the Obama version of cap-and-tax) are in grave political doubt, and since in this context the inevitable failures of prognostication dynamically and exponentially undermine all attempts to prognosticate….

What is that over on the left...of yeah a SURPLUS....

What is that over on the left...of yeah a SURPLUS....

May 18, 2009. Tags: , , , , , , , . Economy, Film, Finance, Obama Administration, Politics, TARP, Taxes, Unemployment Statistics, Wall St. 3 comments.

Tax Day Tea Party: South Carolina…

Courtesy of LukeAmerica2020:

This is how we party in South Carolina.

Join us for one of our Tax Day Tea Parties for 2009. We have six loacations around the state: Charleston, Columbia, Isle of Palms, Myrtle Beach, Simpsonville, and York. Together we will make a difference.

Many will stand together … across our great nation … with one voice. We’ve had enough!

Our site: http://www.CommonSense2020.comm

or

Visit: http://www.TaxDayTeaParty.com

April 7, 2009. Tags: , , , , , , , , , , . Economy, Politics, Popular Culture, TARP, Taxes, Uncategorized. 1 comment.

Stimulus Unemployment Benefits Update: TX, FL, AL, LA, Miss, SC, VA…

Updates on stimulus unemployment benefits…to get an idea how widely the amounts vary from state to state this line in an AP piece jumped out at me:  The highest weekly unemployment compensation is $584 in New Jersey, $362 in Michigan and $240 in Arizona…(It’s a crap shoot, and God willing your cost of living will match up with your benefit amount)

The $25.00 a week unemployment boost is available to EVERYONE, Congress mandated it, but it is temporary and when funding runs out, it is gone. The only variant on that benefit is how quickly states get the funds out..

TX: (Chron.com)

Congress made sure some money is directly available for citizens without waiting for governmental decisions. Among other things:

• • Most Texans’ paychecks will be a little fatter starting this month as the Making Work Pay tax credit kicks in and employers reduce their payroll tax withholdings by about $13 a week.

• • Texas’ jobless are now receiving an extra $25 a week in their benefits as mandated by Congress, according to the Texas Workforce Commission.

• • Food stamp recipients soon will get about $38 a month more to spend on necessities, according to the Texas Health and Human Services Commission.

Update on the expansion of unemployment benefits which would require changes to state law:

FL: (Sun-Sentinel):

For Florida’s jobless residents, unemployment compensation is a lifesaver. But if the state doesn’t act soon, unemployed residents who exhaust their jobless benefits may be out of luck.  Florida is eligible to receive $777 million in federal money that would provide 20 more weeks of jobless benefits, in addition to the 59-week maximum now allowed. Those who have exhausted their benefits but have not yet found a job would qualify, as well as those just recently laid off…

…”We’re waiting to see what the federal government is going to do,” said Sen. Rudy Garcia, R-Hialeah, whose commerce committee has proposed a general bill addressing unemployment compensation.

There are a handful of other bills, but none extends benefits for Florida’s unemployed who have exhausted benefits and still don’t have a new job….

…Unemployed workers who receive 26 weeks of regular benefits are entitled to 33 weeks of emergency benefits under Obama’s stimulus package, a cash infusion geared to jump-start the U.S. economy….The maximum weekly jobless check is $275 plus $25 extra as part of the stimulus….

FL-Orlando Sentinel advises the legislature NOT take the money, follow linky for the number on what it will cost the state to expand benefits:

….House GOP leaders are happy for Florida to accept nearly $2.2 billion from Washington to cover the temporary cost of boosting weekly jobless benefits by $25 and adding as many as 20 weeks to the normal 26 weeks workers can collect them.

But they’re justifiably balking at taking another $443 million — about two months worth of payments from Florida’s unemployment-compensation trust fund — in return for permanently changing the way the state calculates benefits and permanently expanding eligibility….

NY: A commenter asks about NYS, NY has a very high benefit level, go to their site HERE for more info…

ME: (Mainebiz):

The governor is pushing a bill that would change the way Maine triggers its extended unemployment benefits, a measure that could bring as much as $38 million in federal funds to pay for up to 13 weeks of additional benefits for jobless Mainers.

The bill requires the creation of a fund of about $500,000 to pay for unemployment benefits of public and tribal employees, people who are prohibited from receiving benefit extensions via the federal economic recovery act. Creating that fund triggers federal stimulus money that would be directed to private sector employees who lost their jobs, according to Capital News Service.

VA: (Fredericksburg.com):

–Tomorrow,(4/8) the General Assembly will vote whether to let Virginia accept an additional $125 million for unemployment insurance benefits from the American Recovery and Reinvestment Act.

(more…)

April 7, 2009. Tags: , , , , , , , , , , , , . Economy, Politics, Taxes, Uncategorized, Unemployment Statistics. 1 comment.

Stimulus Deadline Friday….

dum dum dum DUM……

Kansas City Star:

…governors facing a Friday deadline to seek their states’ shares of $48.6 billion in the recovery package’s State Fiscal Stabilization Fund, Orszag’s opinion puts more pressure on a handful of Republican governors who oppose the stimulus plan Obama signed into law Feb. 17….

“For a state to access its allocation of the State Fiscal Stabilization Fund, the governor must submit an application to the secretary of education, and there currently is no provision in the Recovery Act for the state legislature to make such an application in lieu of the governor for a state’s allocation,” Orszag wrote to Graham.

Last month, the Congressional Research Service, the research arm of Congress, concluded that it likely would be unconstitutional for a legislature to supplant a governor in accepting and using economic stimulus money.

So the Governors have to ASK but the state legislators can override them? or maybe not…

… The Republican-controlled South Carolina General Assembly has crafted legislation to request the money, but Orszag’s letter suggests the Obama administration wouldn’t recognize or act on such a law were the legislature to pass it….

SC Update:

South Carolina Gov. Mark Sanford has until Friday to choose between the philosophical and the fiscal as the deadline to accept $700 million in federal stimulus money approaches, the Wall Street Journal reports. Sanford wants authority over the funds, earmarked for education and public safety, and has pledged to refuse them unless the legislature agrees to pay down debt—an action it says it can’t afford.

The State:

Sanford spokesman Joel Sawyer said the governor has already compromised from his original position and said lawmakers still could prioritize education while paying off debt.

“They’re writing an intentionally irresponsible budget in an attempt to raise public pressure,” Sawyer said.

Wednesday, the White House resolved the debate about who could request the money, agreeing with an earlier opinion by S.C. Attorney General Henry McMaster that only Sanford had the authority.

Sanford cheered White House budget director Peter Orszag’s opinion supporting his authority.

“We’re glad the White House concurred with the state attorney general in validating what the governor has long believed — that he should be the one directing this money,” Sawyer said.

Yeah maybe someone briefed the Constitutional Law Professor on the pesky Amendement giving states you know rights and such lol….

The Republican-controlled South Carolina Legislature has crafted legislation requesting the State Fiscal Stabilization Fund money, but Orszag’s letter suggests the Obama administration wouldn’t recognize or act on such resolution were the Legislature to pass it.

Working with the Republican leaders of the South Carolina General Assembly, U.S. Rep. Jim Clyburn, the third-ranking Democrat in the House of Representatives, had crafted a provision in the stimulus bill authorizing state legislatures to seek stimulus money that governors reject.

But the Congressional Research Service, the nonpartisan research arm of Congress, concluded last month that it likely would be unconstitutional for a legislature to supplant a governor in accepting and using economic stimulus money.

Sanford has said consistently that the debt created by the stimulus would harm future generations, and paying down debt is the best option for offsetting what he deems to be irresponsible borrowing.

April 2, 2009. Tags: , , . Politics. Comments off.

Rush: Prevailing Union Wage Measure in Stimulus Bill…

Courtesy of realclearpolitics

March 30, 2009. Tags: , , , , , , , , , , . Economy, Labor Department, Obama Administration, Politics, Uncategorized, Unemployment Statistics. Comments off.

Tax Day Tea Party: TX – San Antonio, Boerne…

Courtesy of sateaparty:

Promo Video for the San Antonio Tea Party – April 15th, 2009. http://www.sateaparty.info

Tea Party website here

San Antonio, TX
When: April 15, 6:00pm – 8:00pm
Venue: Raymond Russell Park UPDATE: THE ALAMO!!!!!

Boerne, TX April 15 5:00 – 7:00 p.m.
Boerne Main Plaza (corner of Main and Blanco Streets)
E-mail: BoerneTXTeaParty@gmail.com

taxdayteaparty2

March 29, 2009. Tags: , , , , , , , , , , , , , , , , , , . Economy, Obama Administration, Politics, Popular Culture, TARP, Taxes, Uncategorized. 7 comments.

Stimulus Package Unemployment Benefits Update: To Take or Not to Take, To Spend or Not to Spend, To Tax or Not to Tax…THAT is the question…

I nominate that as the new GOP slogan, To Spend or Not to Spend, to Tax or Not to Tax..

State updates as we approach the deadline for Governors to accept the stimulus funds for unemployment benefits..

It would be interesting to see an analysis of how much time and money the states are spending to figure out if they can afford to accept the funds, and all the legal ramifications…

Kansas: The Dispatch Online:

Sixty fourth District Sen. Mark Taddiken (R-Clifton) and Rep. Vern Swanson, (R-Clay Center), both said the State will have to be ‘very careful’ accepting the funding, particularly if any is to be used for ongoing programs. ‘There are so many strings, we have to be very careful how we accept this money,’ Swanson told those gathered at the Chamber Legislative Coffee at the Clay Center Medical Center Saturday morning. ‘I know $150 million will be spent on federal auditors. What does that tell you about how this money is going to be handled?’

Both said rules on spending federal stimulus funds may come in so late that the legislature may have to meet in special session making it harder for local units of government to begin their budgeting process. ‘We’ll be able to plug some holes,”‘in the budget for two years, Taddiken told the group. ‘We won’t have to cut K-12 funding for that time and the budget for them could ‘be flatlined’ for that length of time.  After that, he said, it will be like ‘dropping off a cliff.’ We know we will still have serious problems that must be dealt with, he said.

TN: The Chatanoogan.com:

Rep. Brian Kelsey (R-Germantown) said Monday that Gov. Phil Bredesen’s decision to accept the unemployment portion of federal stimulus funds from the American Recovery and Reinvestment Act will lead to a tax hike.  Rep. Kelsey said, ‘This decision will surely lead to a tax increase in Tennessee. This money comes with strings attached that will bankrupt our unemployment insurance fund.’

The strings attached would require Tennessee to grant unemployment insurance benefits to part-time employees for the first time in state history, he said. The funds would also require an increase in payments to full-time employees.

On Feb. 26, Rep. Kelsey, along with 23 other House Republicans filed House Joint Resolution 150 to urge the governor not take stimulus funds that require an increase in unemployment insurance benefits. The resolution also urges the governor not to take any stimulus funds from the federal government with strings attached that require increased entitlements when those entitlement expansions are permanent, but the money from the federal government will disappear after two years. “I still plan to move forward with House Joint Resolution 150 and with legislation to accomplish the same goal,” said Rep. Kelsey.

I wish Ahnold would do this with the CA legislature on spending…

MISS: Clarion Ledger.com:

(more…)

March 10, 2009. Tags: , , , , , , , , , , , , , , , , , , , . Economy, Film, Labor Department, Obama Administration, Politics, Taxes, Uncategorized, Unemployment Statistics, Wall St. 2 comments.

Tea Party Update: OH – Saturday, March 14th and AZ Tax Day Tea Party planning underway….

Via Instapundit

taxdayteaparty2

OH update from Shots on the House:

Attending the Columbus Tea Party? Join the Facebook Event and invite your friends!

I’m proud to announce that I’ve been busily organizing a “Columbus Tea Party”, a grassroots event to protest Governor Strickland’s plans with the stimulus money, with the folks from the Ohio chapter of Americans for Prosperity. I just received final word that the permit requests are in, the organizing is well underway, and we can announce the following “official details” about the event:

Who: Americans for Prosperity, College Republican Groups, ShotsontheHouse.com, and grassroots activists from across the state of Ohio
When: Saturday, March 14th, 2009 at 11 AM
Where: Capital Square (The Statehouse) in Columbus, Ohio
What: A Tea Party Protesting Governor Strickland’s Stimulus Plans and Fee Increases
Why: Because the Governor’s plan is to take one-time money and dig us into a whole of future debt. The bad bill that came out of Washington is going to lead to bad policy here in Ohio, and we want to voice our dissent

With word out that our friends in Southwest Ohio will be holding an event on Sunday the 15th, we decided we’d push forward with a Saturday event in Columbus to really give the state of Ohio a shot in the arm. We’ll be looking forward to meeting tons of concerned Ohioans, who are encouraged to bring signs protesting the Governor’s plan to dig us into a bigger hole with stimulus money, protesting his fee increases, and protesting Ohio taking money from this moronic “econonomic recovery package” which has done nothing but send the market into freefall.

If you would like more information, feel free to contact me, or just watch this page, http://www.shotsonthehouse.com/teaparty for more information on this grassroots event. Bloggers like Michelle Malkin and Glenn Reynolds have been covering tea party events across the nation, so stop by their sites, thank them, and enjoy their coverage. Also make sure to read up on what Americans for Prosperity is doing nationwide to fight this good fight. See you Saturday the 14th!

Check out Tax Day Tea Party for info on upcoming events in April!

AZ update from Publius Pundit:

Tucson:

Date: Wednesday, April 15, 2009
Time: 11:00am – 1:00pm
Location: El Presidio Park fountain, by City Hall, in Downtown Tucson
Street: 160 W Alameda St — View Map
City/Town: Tucson, AZ

Another event is also planned for either the 18th or the weekend after. Stay tuned!

Facebook Group: Arizona Tea Party
Facebook Event: Tucson Taxpayer Tea Party Protest

Phoenix:

In progress. Please contact Tom Jenney at Americans For Prosperity, Arizona, for more information.

March 7, 2009. Tags: , , , , , , , , , , , . Economy, Obama Administration, Politics, Popular Culture, Taxes, Uncategorized. 1 comment.

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