Posts Tagged ‘federal deficit’
February 10th, 2015 at 8:55 am
Ramirez Cartoon: Obama Budget
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Below is one of the latest cartoons from two-time Pulitzer Prize-winner Michael Ramirez.

View more of Michael Ramirez’s cartoons on CFIF’s website here.

October 17th, 2013 at 11:19 am
Gov’t Before the Shutdown vs. Gov’t After the Shutdown
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Below is one of the latest cartoons from two-time Pulitzer Prize-winner Michael Ramirez.

View more of Michael Ramirez’s cartoons on CFIF’s website here.

March 14th, 2012 at 3:56 pm
CBO: ObamaCare to Cost Nearly Twice As Much As Promised reports:

The gross costs of the national healthcare law rammed through Congress by President Barack Obama will reach an estimated $1.76 trillion over 10 years – nearly twice the amount originally projected.

The figure, which the Congressional Budget Office (CBO) revealed on Wednesday, is bound to cause embarrassment to the administration as it comes just as debate on ‘Obamacare’ is starting to heat up again, two weeks before the Supreme Court is set to hear arguments on whether the Affordable Care Act is unconstitutional.

Truth be told, nearly everyone already knew that the cost estimates used to sell ObamaCare to the American people were part of the White House shell game to get it passed.  That much is understood by both supporters and opponents of ObamaCare.  What is embarrassing is the administration’s response to the latest CBO estimate.

‘The bottom line is clear: the Affordable Care Act will reduce our deficit, control health costs and make health care more affordable,’ Jeanne Lambrew, deputy director of the White House office of Health Reform, wrote on the White House blog.

Remember, this is the same White House trying to convince you that algae is the answer to rising gas prices.

February 13th, 2012 at 8:55 am
Ramirez Cartoon – Senate Dems: Budget? We Don’t Need No Stinkin’ Budget
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Below is one of the latest cartoons from two-time Pulitzer Prize-winner Michael Ramirez.

View more of Michael Ramirez’s cartoons on CFIF’s website here.

August 2nd, 2011 at 9:58 pm
Why the Debt Ceiling is More Like a Debt Floor
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With the debt ceiling debate now officially behind us, most Americans will be tempted to simply exhale and move on from the psychological exhaustion of the past few weeks. Like many other conservative pundits (including our own Quin Hillyer), I have misgivings about the final agreement but generally agree that it was the best deal possible given the constraints (including Republican control of only one house of Congress).

Still, that doesn’t mean we should avoid learning the lessons of the recent dust-up, one of which is artfully put by the Atlantic’s Gregg Easterbrook (not exactly a doctrinaire conservative) writing today for Reuters:

The deal raises the federal borrowing ceiling by $2.4 trillion. This means Congress will immediately spend another $2.4 trillion. That basic point is being overlooked.

You’ve got a debt ceiling on your credit card. The ceiling is there for emergencies, and all responsible borrowers work to stay below their credit ceilings. Experience with the national debt ceiling, by contrast, shows that every dollar of available debt is always spent. Announced in doublespeak as a “savings” plan, this deal guarantees the national debt will rise another $2.4 trillion. The moment the deal becomes law, members of Congress from both parties will see an added $2.4 trillion in the cookie jar and begin raiding.

Easterbrook is right. One of the main points of contention in the recent debate was whether the President would have to come back to Congress for another debt ceiling increase within the next year or whether it would be extended into 2013 (the latter won out). But that fight misses the point. We won’t be seeing real reform until new increases in the debt ceiling become unnecessary. Until then, we’re stuck arguing over what speed to drive on the road to perdition.

June 9th, 2010 at 1:01 pm
Ramirez Cartoon: Future Generations Completely Covered In Debt
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Below is one of the latest cartoons from Pulitzer Prize-winner Michael Ramirez.

April 22nd, 2010 at 11:01 am
Pelosi’s Big News: Taxpayers Just Spent $140,000 on New Light Fixtures and Window Shades for the House Cafeteria

House Speaker Nancy Pelosi had some big news to announce yesterday.  So in typical Washington fashion, she did what any politician would do.  Pelosi called a press conference.  Her big news?  With the Capitol Hill press corps huddled before her, the Speaker announced that she had spent $140,000 in taxpayer money on new “energy efficient” light fixtures and window shades for the House cafeteria.

But that’s not all.  The fancy new light fixtures and window shades, which automatically raise and lower based on the amount of sunlight that shines through, were a bargain, according to Pelosi and Stephen Ayers, the Architect of the Capitol.  Indeed, Ayers bragged:

I think this fixture was $800 a year ago, and it’s now just over $300, so in one year that’s a pretty significant savings – which allows us to begin using this kind of equipment and technology, because we’re able to get a good return on investment.  At $800 a fixture we can’t get a good return on investment, but when it gets down to $300 – and I’m sure it will go even lower – we’re able to get a good return on investment.”

And just how “good” will that “return on investment” be?  So “good” that Ayers and Pelosi believe that, based on estimates of what will be saved in energy costs, it will only take, well, a mere decade for the light fixtures and window shades to pay for themselves. 

Okay, okay.   What’s $140,000 in the grand scheme of things?  Especially when you consider the federal deficit will exceed $1.5 trillion this year alone.  But that’s not the point.

At a time when millions of Americans are out of work, and millions more are taking to the streets to protest excessive government spending, including the Speaker’s push to cripple the U.S. economy with a “climate change” bill complete with a job-killing Cap-and-Trade scheme, it’s the symbolism of it all.

We’re sure there are many Americans who would love to replace the light fixtures and window treatments in their homes.  But times are tough.  Just as the average American family has been forced to do without new luxuries for their house, with record deficits strangling the federal budget, the time has long passed for Pelosi to do without in hers too!