Posts Tagged ‘spending’
While the Transportation Department warns that the sequester will lead to cutbacks causing snarled lines at airports across America, the agency is still considering a massive $5.5 billion government gamble on a high-speed train from suburban California to Vegas.
The total cost of the XpressWest project is $6.9 billion, with 80 percent potentially being fronted by the federal government. It would create a train that runs from Victorville, Calif., to Las Vegas and, if green-lighted, would be the largest loan of its type issued in America.
But there are severe roadblocks, which skeptical lawmakers are once again drawing attention to at a time when the government is supposed to be looking for savings.
“We are deeply troubled by the prospects of subsidizing another costly, wasteful and risky high-speed rail project, particularly when our nation is facing a debt crisis that threatens the well-being of the current and future generations of Americans,” Sen. Jeff Sessions, R-Ala., and House Budget Committee Chairman Rep. Paul Ryan, R-Wis., wrote in a letter to Transportation Secretary Ray LaHood on March 6.
Read more: http://www.foxnews.com/politics/2013/03/13/lawmakers-question-risky-55b-loan-for-high-speed-vegas-train-amid-sequester/#ixzz2NTMZgVK1
Washington liberals don’t want you to know………….
How much money did Washington recently spend to train Chinese prostitutes to drink more responsibly on the job?
Incredibly, Washington is spending $2.6 million training Chinese prostitutes to drink more responsibly on the job. This is the kind of wasteful spending that President Obama and Congress have stubbornly refused to cut. Instead, they planned to raise taxes on families and entrepreneurs by trillions of dollars! Only action by citizens like you will break the Washington liberals of this kind of frivolous splurging.
WASHINGTON – The Air Force secretary says the service has been spending about $4 million a day to keep 50 fighter jets and nearly 40 support aircraft in the Libya conflict, including the cost of munitions.
Secretary Michael Donley tells reporters that the Air Force has spent $75 million as of Tuesday morning on the war. He says the U.S. decision to end its combat strike role in the conflict will cut costs, but he could not say by how much.
He says the Air Force has spent close to $50 million on the relief effort for the Japan earthquake, including $40 million to evacuate between 5,000-6,000 U.S. personnel.
The total U.S. costs for the Libya air campaign as of March 28 were $550 million, not counting normal deployment spending.
Federal Union Boss John Gage says: “You’re Mentally Retarded” If You Want to Cut Government Spending
February 10th, 2011 | Author: Posted by Ben Hart
Last night, in his State of the Union, President Barack Obama claimed, “We have to make America the best place on Earth to do business. … That’s how our people will prosper. That’s how we’ll win the future.” This is true. But then he went on to say: “We know what it takes to compete for the jobs and industries of our time.” No. No, he doesn’t. The rest of the President’s speech made it very clear that he has no idea what makes America the best place on earth to do business.
On issue after issue (education, energy, infrastructure), the President identified more government “investment” as the key to “winning the future.” But if centrally planned government spending is the key to America’s future success, then we are in big trouble, because China will beat us in raw bureaucratic efficiency every time. The source of American exceptionalism is not an expansive and powerful central government. As Heritage Foundation Center for American Studies Director Matthew Spalding has stated, the American creed “is set forth most clearly in the Declaration of Independence … a timeless statement of inherent rights, the proper purposes of government, and the limits on political authority.”
You can read the full reactions of Heritage experts to last night’s State of the Union here. Highlights include:
The President’s proposed freeze of non-security discretionary spending would essentially lock in the 25 percent expansion these programs have received since 2007. Yet paring back deficits requires actually reducing runaway spending, starting with the House Republican plan to cut this spending back to 2008 or even 2006 levels. … While investment indeed drives economic growth, politicians have proven to be poor investors. Federal K-12 education spending has grown 219 percent faster than inflation over the past decade, yet student test scores have stagnated. Thirty years of federal energy spending has failed to significantly improve the alternative energy market. And massive increases in federal transportation spending have been diverted into earmarks, bike paths, and museums or allocated to budget-busting transit programs that governors do not want. If President Obama truly wants to encourage investment, he should focus on reducing the budget deficit—which is crowding out private investment—and reduce barriers to productive private sector investments.—Brian Riedl
On one vital point, the nation has almost without exception reached a consensus when it comes to entitlement spending—current policy is unaffordable and unsustainable. President Obama acknowledged this clearly when he announced the creation of the National Commission on Fiscal Responsibility and Reform and again when he received the commission’s final report. … The President in short has turned his back on his own commission, on his vows of leadership, and on future generations. On these issues it will now be up to Congress to take up the mantle of leadership the President has found too heavy to bear.—J. D. Foster
We agree with the President: No Child Left Behind is broken. Unfortunately, the similarities end there. Although both sides of the aisle agree that No Child Left Behind is broken, the Obama Administration does not believe the federal role in education is fundamentally flawed. They’re still holding onto the hope that after 40 years of failed federal interventions, this time, Washington will get it right. … The President’s speech also lacked any serious discussion of school choice, despite the fact that the highly effective D.C. Opportunity Scholarship Program is on life support in his back yard. By contrast, Speaker John Boehner had parents and children from the D.C. Opportunity Scholarship Program as guests in the Speaker’s Box during the SOTU tonight—a sure sign that he plans to make school choice in the District a priority.—Lindsey Burke
Last year’s poster children for clean-energy jobs, Solyndra and Evergreen Solar, are this year’s object lessons in the futility of trying to subsidize our way to good, permanent job creation. Mere months after receiving a $535 million government loan (and after a well-publicized presidential photo op), Solyndra withdrew its initial public offering because it got a sub-par review from an independent auditor. And a year after getting their half-billion dollars, Solyndra closed a factory and got rid of nearly 200 jobs. … If a company needs a subsidy to hire a worker, that worker will be out on the street when the subsidy expires. Private enterprise provides energy, creates jobs, and develops innovative technology. It does so because private enterprise succeeds only when the energy, jobs, and technology provide value that exceeds the cost. That’s how we get good, durable jobs.—David Kreutzer
The government programs that led to the Internet, computer chips, and GPS were not programs to develop technologies to meet a commercial demand. They were each the result of defense-related programs that were created to meet national security requirements. … In essence, the federal government invested to develop capabilities that did not exist and were needed for specific government activities. Entrepreneurs gained access to that basic work and commercialized it. This is an entirely different model from what the President is suggesting the United States take to develop new energy technologies. Not only does he want the federal government to choose which energy sources Americans can access, but he believes that the government is best prepared to oversee the entire business development process. He does not want to support research and development, but he wants to drive commercialization and define the market.—Jack Spencer
Progressivism’s infatuation with expert government planning has so blinded President Obama as to the true source of American exceptionalism that he couldn’t help contradicting himself in a matter of mere seconds. Early on last night the President said: “None of us can predict with certainty what the next big industry will be or where the new jobs will come from.” But then just three paragraphs later he said: “We’ll invest in biomedical research, information technology, and especially clean energy technology … and create countless new jobs for our people.”
So which is it, Mr. President? Is the federal government really just a big venture capital firm where Secretary of Energy Steven Chu picks which electric car firms and solar companies are most deserving of taxpayer “investments”? Does the federal government best ensure economic growth by partnering with General Electric CEO Jeffrey Immelt and making him czar of the President’s Council on Jobs and Competitiveness? Or is America exceptional because our Founders recognized—and enshrined in the Constitution—that liberty is best protected when the federal government has clear limits? Our country does desperately need to change course to “win the future.” But President Obama’s Progressive big government plans will only make us losers.
Nancy Pelosi’s and Harry Reid’s Free Spending Democrats’ want to pass a Spending Bill: $1.1 trillion; 1,900 pages
Defying the political odds, Senate Democrats rolled out a year-end, government wide spending bill Tuesday that cuts more than $26 billion from President Barack Obama’s 2011 requests even as it holds firm to thousands of the appropriations earmarks so adamantly opposed by critics of Congress. 6700 earmarks are included in the bill.
Filling more than 1,900 pages, the $1.1 trillion measure represents an increase of less than 2 percent in annual spending but makes for an easy target of ridicule — a last stand by the Senate’s old bulls before the tea party takeover. In a scene reminiscent of the movie “Casablanca,” top Republicans expressed shock, shock that there was gambling still in Rick’s Cafe even after their own members have been quietly working to write the bill and gather GOP votes for passage.