Showing posts with label deficit. Show all posts
Showing posts with label deficit. Show all posts

Wednesday, 14 December 2011

Obama Spending Cuts Have Come Too Late In His Presidency

The Problem With Procrastination

Barack Obama

On Wednesday, November 9, 2011, U.S. President Barack Obama signed a measure to cut costs in the government, bypassing Congress in doing so. It was ushered in by a televised press conference. However, the Judiciary Report would like to point out, for the past 3 years, the site has done articles illustrating the need for the government to make budget cuts (even in the area of travel, as Obama went on to state on Wednesday, November 9, 2011).

President Obama should not have waited three years, when over $200 billion dollars could have been saved already, had he implemented cuts of this kind, when he took office. However, he went into office with the wrong mindset - spend, spend, spend - when it should have been cut, cut, cut.

President Obama

Whether one is working with a big or small budget, with deficits or surpluses, one should always have the mindset of conservation. It’s a good and positive way to stay ahead in government, by using sound judgment and thrift. The words government and luxury should never go hand in hand. Public service entails sacrifice. It should never be accompanied by the trappings of wealth on the taxpayers dime.

PREVIOUS ARTICLES ABOUT CUTTING THE BUDGET AND TAMING WILD GOVERNMENT SPENDING

How George W. Bush Destroyed The US Economy

Obama Calls For Job Summit

Nancy Pelosi Speaks About STDs

Artificial Growth

Artificial Growth - Part 2

The FBI Needs To Learn To Prioritize

The Benefits Of Government Cost Cutting

President Barack Obama Being Blamed For The Enormous Failure Of The Debt Supercommittee

Economists Forecast Obama Will Not Fix The U.S. Economy By The 2012 Election

Poll States Americans Are Very Dissatisfied With Obama's Handling Of The U.S. Economy

Tide Turns Against Obama As 70% Of Americans Blame Him For The Poor Economy

Statistics Brand Barack Obama The Worst Job Creation President Since The Great Depression

Movement Among Democrats To Find Challenger To Run Against President Obama In 2012

Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held TodayObama's Poll Numbers Implode Into Disaster

When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers

Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama

Billionaire Tells Obama To Resign Over The Economy

America's National Deficit Increased An Unprecedented 35% Under President Obama

A Majority Of Americans Feel They Were Better Off Before President Obama

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

STORY SOURCE

Obama orders agency spending cuts on travel, technology and swag

Posted at 06:00 AM ET, 11/09/2011 - President Obama is ordering steep spending cuts that will mean less travel for federal employees and strict limitations on government-issued computers, printers, vehicles — and even office swag.

The White House said Obama will sign an executive order Wednesday requiring federal agencies to make 20 percent spending cuts on travel, equipment and technology, a move that should save billions of dollars annually, according to a senior administration official familiar with the plans.

Wednesday’s order is another step in the White House’s goal of identifying bite-sized initiatives that don’t require congressional approval and demonstrate unilateral actions taken by Obama to jumpstart the economy and curtail federal spending. It is also part of the administration’s ongoing Campaign to Cut Waste launched over the summer during the contentious debt negotiations to demonstrate the administration’s willingness to make spending cuts...

http://www.washingtonpost.com

Friday, 25 November 2011

President Barack Obama Being Blamed For The Enormous Failure Of The Debt Supercommittee

Barack Obama

Everyone from Former Democrat turned independent, Michael Bloomberg to Republican Mitt Romney, are blaming U.S. President Barack Obama for the failure the supercommittee, which will have far reaching consequences. Politicians and pundits are stating, President Obama deliberately kept them at arms length and did not get involved very much, seeking to distance himself from the committee.

Many are stating as president, Obama should have played a greater role in getting the job done, but shirked his duties for political reasons, which led to the committee's well-publicized failure. At the end of the day, the committee was too much hype and too little action. Nothing was accomplished, but the overblown mess certainly cost the taxpayers.

STORY SOURCE

Obama let the supercommittee fail

Bloomberg Slams Obama for Failed Supercommittee

Obama AWOL, to Blame for Supercommittee Failure

Friday, 18 November 2011

Economists Forecast Obama Will Not Fix The U.S. Economy By The 2012 Election

Barack Obama

The Conference Board has predicted that U.S. President Barack Obama will not be able to turn the economy around before the next election in 2012, via chief economist Bart van Ark's pronouncement, "We are not going to see the recovery that we expect in 2013 to 2016."

Van Ark cites high unemployment and skyrocketing deficits as the main culprit. This has created slow growth that has not been remedied. Van Ark is of the belief America will not return to the growth or employment levels the nation enjoyed prior to the financial crisis. America can recover, but only with the right president that knows that he is doing in the area of economics.

RELATED ARTICLES

Obama Messes Up And Calls Americans "Lazy"

Poll States Americans Are Very Dissatisfied With Obama's Handling Of The U.S. Economy

Tide Turns Against Obama As 70% Of Americans Blame Him For The Poor Economy

Statistics Brand Barack Obama The Worst Job Creation President Since The Great Depression

Movement Among Democrats To Find Challenger To Run Against President Obama In 2012

Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held TodayObama's Poll Numbers Implode Into Disaster

When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers

Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama

Billionaire Tells Obama To Resign Over The Economy

America's National Deficit Increased An Unprecedented 35% Under President Obama

A Majority Of Americans Feel They Were Better Off Before President Obama

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

Obama Calls For Job Summit

Artificial Growth

Artificial Growth - Part 2

Wednesday, 9 November 2011

Poll States Americans Are Very Dissatisfied With Obama's Handling Of The U.S. Economy


Barack Obama

A recent poll written about on Reuters indicates, an overwhelming majority of Americans are very dissatisfied with President Barack Obama's handling of the U.S. economy, which is in a recession that became a depression . It's been three years and President Obama has not been able to effectively reverse the damage caused by former President, George W. Bush, adding additional debt of his own, with less than a year left until the next presidential election.

STORY SOURCE

Voters disappointed with Obama over economy: poll

RELATED ARTICLES

Tide Turns Against Obama As 70% Of Americans Blame Him For The Poor Economy

Statistics Brand Barack Obama The Worst Job Creation President Since The Great Depression

Movement Among Democrats To Find Challenger To Run Against President Obama In 2012

Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held Today

Obama's Poll Numbers Implode Into Disaster

When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers

Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama

Billionaire Tells Obama To Resign Over The Economy

America's National Deficit Increased An Unprecedented 35% Under President Obama

A Majority Of Americans Feel They Were Better Off Before President Obama

Officials Officially Pronounce Obama's Stimulus A Massive Failure That Added Billions To The National Debt

Obama Calls For Job Summit

Artificial Growth

Artificial Growth - Part 2

Monday, 17 October 2011

Obama "Seeking To Capitalize" On "Occupy Wall Street" Protests For His Campaign

Reports state U.S. President Barack Obama is attempting to capitalize on the "Occupy Wall Street" protestors and their pertinent and relevant message. However, President Obama needs to realize that sadly, he is apart of the problem. Former President George W. Bush started this crisis, but President Obama has propagated. He has given hundreds of billions of dollars in taxpayer money to multinational U.S. banks, financial institutions and other corporations, who are hoarding the money.

Barack Obama

Obama needs to do his part in either getting that taxpayer money back or using legislation and the Justice Department to legally compel said corporations to invest the stimulus funds via hiring new employees and or adding new product lines, to stimulate growth. Hoarding is a massive road block to recovery and as the Judiciary Report stated over two years ago, proper controls need to be placed on stimulus funds, but the government simply did not do this.

Vice President Joe Biden and President Barack Obama

As a result, the taxpayers are getting burned in this bad deal. The IRS has not done enough to close loopholes in the tax code and taxes on the rich need to experience a small increase. It will raise billions of dollars towards hiring more unemployed people and reducing the deficit. Getting America out of this financial hole is not complicated. These measures have worked for other national and international governments in the past. Congress just does not want to do it.