John Quinn was one of the featured speakers at the Dec. 10 meeting of the South Dakota Tea Party Alliance. Quinn spoke about the American economy, what makes it great, and what holds it back. He also spoke about economic theory and how the political state of affairs affects the strength of our economy. This is the complete video of his presentation.
A column from South Dakota Governor Dennis Daugaard on the Fiscal Year 2013 state budget, in which he urges continued caution but increases in spending in some areas. Increases include a 2.3% ongoing increase in K-12 education, coupled with one-time investments that total more than $12 million. Gov. Daugaard also proposes Medicaid providers and state employees receive extra one-time funds that are the result of strong revenue growth.
Massive defense cuts on the docket, thanks to the complete incompetence and malfeasance of the “supercommittee.” Meanwhile, communist China continues to be a growing threat to us and our allies, North Korea continues to pursue nukes, Iran continues to pursue nukes while they remain the #1 supporter of terrorism in the world, and terrorist groups worldwide still have us in their crosshairs.
No amount of spin, or rhetoric, or blame-gaming can change the mathematical facts on the ground: Our debt has spiraled out of control and we are rapidly reaching a point of no return. This Congress and this President have had more than enough time to act, but they have failed to do so. If their dismal approval ratings are any indication, there will be a price to pay for this inexcusable indolence come November 2012.
While a broad cross section of Americans continue to favor a balanced budget amendment (BBA), some believe the idea is too closely identified with the Republican Party, and is unlikely to pass anytime soon. But there may be another way to get spending under control. Unlike the BBA, the National Debt Relief Amendment (NRDA) does not have a “get of jail free card,” that the political class can use to sidestep anti-spending restraints.
Now this is the kind of cuts we need to get America back on track fiscally! We’re currently $15 TRILLION in debt. We have an annual deficit of about $1.5 TRILLION, so do the math: in 10 years, unless the economy comes back strong, we’ll have accrued another $15 trillion in debt.This means that cuts of anything less than about $10 trillion over 10 years are a drop in the bucket, a complete waste of everyone’s time. And the “supercommittee” is wringing it’s hands over cutting $1.2 trillion over 10 years? What planet are they on???
On Nov. 16, the national debt surpassed $15 trillion for the first time in U.S. history to $15.026 trillion. And at its current trajectory, it will pass 100 percent of the $15.198 trillion Gross Domestic Product by the end of the year, if not early in 2012. Government borrowing becomes a drain on economic output.
Anti-tax increase advocates were alarmed on Nov. 2 when 40 House Republicans signed a letter indicating they were open to new revenues as part of a package expected from the so-called congressional Supercommittee. “To succeed, all options for mandatory and discretionary spending and revenues must be on the table,” the letter stated. So will the Supercommittee sell out the American economy and the American people with tax increases to feed the ravenous appetite of this out-of-control government?
Can anyone remember a time when Congress had a decent approval rating? Here we are after the supposed tidal wave that hit Congress last November that would forever transform the way politicians do business in Washington. Guess what happened? Nothing really changed other than the nameplates on the doors. Out-of-control spending continues. Obamacare remains the law of the land. And budgets continue to grow.
President Barack Obama has a lot of gall, doesn’t he? There is definitely no shortage of hubris in this administration. After having run up trillions of dollars in new debt on unconstitutional and wasteful “porkulus” spending that was supposed to stimulate the American economy (and failed miserably, as we knew it would)…and refused to deal with America’s gargantuan spending and debt problem, Obama lectures Europeans about their debt problems.
What do you get when you have government doing things it is not authorized by the U.S. Constitution to do, doing things that the private sector should be doing and is better equipped to do? You have things like welfare recipients taking trips across the country including Hawaii, spending taxpayer dollars in nail salons and vacation resorts…and an atmosphere that promotes and rewards irresponsibility.
It isn’t a matter of the federal government spending too much; it’s just that we don’t have enough tax revenue, right? At least that’s what the people who love spending our money on $16 muffins and $7.32 appetizers tell us, right? America, when will you grow outraged enough to DEMAND these arrogant socialists stop wasting our money and behave responsibly as our representatives?
Senator John Thune (R-SD) said President Obama’s “debt plan” isn’t going anywhere on Capitol Hill, since even Democrats think it stinks. Obama’s “plan” involves $1.5 trillion tax increase “debt plan” to decrease the debt by $3 trillion over 10 years (while we rack up another $3 trillion in debt in just two years).
The best of the best from Dakota Voice last week, including: Obamas ‘Attack Watch’ not for the Strong of Mind; Democrats Defend the Tea Party; Chris Matthews Agrees: Social Security is a Ponzi Scheme; Republicans Begin to Rein in NLRB; Why Aren’t Republicans Cutting More Spending?; Pulpit Freedom Sunday 2011 Coming Up; and more!
You’ve probably heard it said on the Left that “all the Republican candidates worship at the altar of the Tea Party,” or something like that. But did you know that the Tea Party is a collection of citizens from all backgrounds that don’t like elected or appointed government officials who over tax, over spend, and over regulate to the point of strangulating our economy, our freedoms, and our lives. Did you know that there are Tea Party Democrats–and did you know they are letting the chair of the DNC know they aren’t happy with the Tea Party-bashing?
Republicans railed against the Obama Administration’s proposal to push the national debt to more than $26 trillion and the budget to $5.7 trillion by 2021. Yet, when the time came to put their own budget on the table, the best House Republicans could produce was a proposal by Budget Committee Chairman Paul Ryan where the debt still spirals up to $23 trillion, and the budget to $4.7 trillion. The annual deficit would only be cut to $391 billion by 2021.But why?
Constitutionally, the federal government has no role in setting education policy, and any extension of the federal government’s role in any aspect of K-12 education is at best problematic. Studies show federal government involvement in education does not help students academically. Educating America’s youth best belongs in the hands of parents, school districts and local governments.
Texas Gov. Rick Perry made waves during a recent Republican presidential debate when he referred to Social Security as a “Ponzi scheme.” In defending itself against Perry’s criticism, the Social Security Administration (SSA) released a statement acknowledging that the program “is and always has been either a ‘pay-as-you-go’ system or one that was partially advance-funded.” Translation? Yes, it’s a Ponzi scheme.
If your bank made you wait longer to withdraw your savings, or cut your interest rate, would you put up with that? If not, why would you tolerate it from your government? If Americans prefer getting negative returns on what they pay in order to save an unworkable government system, we deserve the mediocre, second rate nation we are becoming. But I don’t think most want this. It’s why we need politicians with the courage to tell the truth and citizens with the courage to be free.
With President Obama having now fostered the national expectation for congress to do something about the economy, Republicans in the House should not miss this opportunity to lead.Leadership is not following the herd as you monitor their direction, then running out in front of them for a moment to tell them this is the way to go. Leadership is providing direction and motivation to do sometimes difficult but necessary things. Republicans have a unique and golden opportunity to demonstrate leadership, and they should not let it pass unused.
You really have to love that “new tone” the Left considers so important, don’t you? You know the one I’m talking about, right? The one that came in the wake of the shooting of Congresswoman Gabrielle Giffords (D-AZ) by the flag-burning, pot-smoking “Tea Party conservative” were blamed for dangerous talk and incivility? The Left has given us so many living examples of this “new tone” since then. The latest manifestation is their “Tea Party Zombies Must Die” where peace-loving Leftists can go around the game shooting and slashing conservatives who threaten their socialist agenda.