Posted by Warm Southern Breeze on Thursday, July 26, 2012
Recollect the brouhaha over Vice President Joe Biden‘s remark Thursday, July 16, 2009 in Alexandria, Virginia?
He was speaking at an AARP-sponsored town hall meeting also attended by AARP CEO A. Barry Rand, Health and Human Services Secretary Kathleen Sebelius and Nancy Ann DeParle, Director of the White House Office of Health Reform.
Vice President Biden said, “Now people, when I say that, look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’ The answer is ‘yes,’ that’s what I’m telling you.”
“And folks look, AARP knows – and the people with me here today know, the president knows, and I know – that the status quo is simply not acceptable. Its totally unacceptable. And its completely unsustainable. Even if we wanted to keep it the way we have it now. It can’t do it financially, Were going to go bankrupt as a nation. Now, people when I say that look at me and say, ‘What are you talking about, Joe? You’re telling me we have to go spend money to keep from going bankrupt?’ The answer is ‘yes,’ I’m telling you.”
Of course, Vice President Biden was speaking in context of the Affordable Care Act – also commonly known as “ObamaCare” – which the Government Accountability Office has shown has already demonstrated significant cost savings and proven to be business-stimulating legislation, and that to eliminate it’s protections would cost the federal government even more in the long-term.
Analogously, it’d be like having a fuel inefficient automobile – one that only got about 5 miles/gallon, or less. If you were to purchase even a used vehicle with twice the fuel economy – 10mpg – you could realize significant overall long-term savings. Simply ceasing driving will not solve any problem, but would rather create more problems.
Similarly, could you imagine having an inefficient Heating/Ventilation & Air Conditioning (HVAC) system? You gotta’ stay cool in the summer and warm in the winter – there’s no way around it. And to lower your average monthly utility bills by even 1/3 would be beneficial.
So, here’s a shocker for armchair philosophers, political pundits, amateur economists, Radical Republicans, TEA Party types and more: Government spending – in part – is a significant driver of our nation’s economy. And, spending on economic infrastructure is ALWAYS a most wise investment.
Because 1.) Materials and Manpower ALWAYS come from the PRIVATE SECTOR, and; Read the rest of this entry »
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Posted by Warm Southern Breeze on Monday, July 16, 2012
Now that the Wall Street fox is watching the financial hen house, is it any wonder?
Cases like these continue to demonstrate the NEED for fiscal 1.) Transparency; 2.) Accountability, and 3.) Ongoing publicly available agency reports.
It’s Fraud, Waste and Abuse – pure & simple.
And, it’s time to prosecute.
Not because of what it was used for – they could’ve bought jelly doughnuts – but for whose trust was betrayed, and who was abused.
Posted in - Lost In Space: TOTALLY Discombobulated, - Read 'em and weep: The Daily News | Tagged: abuse, accountability, Beltway, corruption, DC, employee, employment, Fox News, Fox News Channel, fraud, GAO, government, henhouse, hill, IG, Inspector General, investigation, money, news, OCC, Office of the Comptroller of the Currency, Office of Thrift Supervision, Ofice of Thrift Supervision, Reuters, The Hill, treasury, United States Department of the Treasury, Wall Street, Washington DC, waste | Leave a Comment »
Posted by Warm Southern Breeze on Wednesday, June 13, 2012
Who’s the Biggest Spender? Obama or Bush?
By BRUCE BARTLETT, The Fiscal Times June 1, 2012
Lately, there has been some controversy about the growth of spending under Barack Obama. It began on May 22 with a column by Rex Nutting of MarketWatch, which concluded that the rate of growth of federal spending under Obama has actually been trivial compared to the last 4 presidents.
According to Nutting’s calculations, spending has grown only 1.4 percent per year under Obama – one-fifth the rate under Ronald Reagan and George W. Bush. Following is a chart accompanying the article.
There has been a considerable amount of debate about Nutting’s calculations, which fly in the face of Republican dogma. Much involves technical accounting issues, such as how to allocate spending during fiscal year 2009. This is important because fiscal year 2009 began on September 1, 2008 during Bush’s administration, reflecting his priorities. By the time Obama took office on January 20, 2009 the fiscal year was almost half over; he didn’t submit his first budget until February 26, 2009 and the fiscal year 2010 budget is really the first one that reflected his priorities.
Nutting assigned the bulk of fiscal year 2009 spending to Bush, an assumption that other analysts have questioned. Glenn Kessler of the Washington Post found that Nutting overstated his argument in various ways. But the PoliFact site of the Tampa Bay Times concluded that the Nutting column was essentially correct.
Aside from the political implications, the reason this debate is important is because there is a tendency for people to conflate spending, deficits and debt, as well as confusing rates of change with absolute levels.
The difference between Read the rest of this entry »
Posted in - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: Barack Obama, BarackObama, Bill Clinton, BRUCE BARTLETT, Bush I, Bush II, business, CBO, Clinton, Congressional Budget Office, economy, entrepreneurship, facts, federal, figures, GAO, George W. Bush, Government Accountability Office, Gross domestic product, hypocrisy, jobs, Marketwatch, money, news, Obama, Reagan, Ronald Reagan, statistics | 6 Comments »
Posted by Warm Southern Breeze on Tuesday, June 22, 2010
With what I know about Alabama’s CON law, I could write volumes! And then, the title’s enough to get me started. I decided to use the “KISS” principle – Keep It Simple, Stupid.
If you’re a follower of Alabama politics – even casually – then you most likely have heard of, or remember former Governor Don Siegelman and former HealthSouth CEO Richard Scrushy being convicted jointly of a “quid pro quo,” or more exactly, Siegelman was accused of accepting Scrushy’s bribe… to sit on the CON Board.
Never mind that the FBI extensively coached a known perjurer about what and how to testify – itself an illegal act – and never mind that Scrushy was appointed by two governors of two different parties to sit on the CON Board, and publicly expressed disdain for serving again. But that’s all water under the bridge. I only mentioned that because of its poignancy, and is relative to this post.
I sincerely doubt that most folks know that in Alabama, at least, not just anyone, or any organization can decide to build a hospital. For example, if Warren Buffett and Bill Gates decided that together, they wanted to gift the good people of Alabama with a hospital, they could NOT do it.
Read on to find out! …Continue…
Posted in - Do you feel like we do, Dr. Who?, - My Hometown is the sweetest place I know, - Politics... that "dirty" little "game" that first begins in the home., - Read 'em and weep: The Daily News | Tagged: Alabama, attorneys, Bob Riley, Certificate of Need, CON, Congress, Constitutional law, Crestwood, Crestwood Medical Center, Don Siegelman, GAO, Government Accountability Office, Government Accounting Office, governor, heal, healthcare, HealthSouth, HHsys, hospital, Huntsville Hospital, law, Louisiana, people, Richard M. Scrushy, Richard Scrushy, Riley, Scrushy, sick, Siegelman, United States, United States Department of Justice, United States House of Representatives | Leave a Comment »