Monday, May 21, 2012

Budgetary Considerations.

 The Political Cartoon that appeared in almost every newspaper nation wide , it's too funny , yet so true to our dysfunctional government.
It has been 1,113 days, One THOUSAND, Thirteen Days, since the Democrats in the Senate have passed a budget.  The House, except for the first year under Democat rule, has passed budgets.And it is simply pathetic that Obama submits a budget that does not get ONE VOTE FROM HIS OWN PARTY THE DEMOCRATS.   99-0 and the Democrats have the majority in the Senate.  Pathetic. This is a problem . A BIG problem . We have a Congress so gridlocked that the nation can't get further in adopting a workable bi-partisan budget. Sure The REPUBLICANS want Obama out , so they play possum. The Democrats don't seem to want to help Obama either.There is just a picture on a canvas hanging on the wall . Republicans forced the vote by offering the president's plan on the Senate floor.Democrats disputed that it was actually the president's plan, arguing that the slim amendment didn't actually match Mr. Obama's budget document, which ran thousands of pages. But Republicans said they used all of the president's numbers in the proposal, so it faithfully represented his plan. NOW there is a big fight for Obama to pass his tax plan as part of his election campaign,It fleshed out a major theme of his re-election campaign: "economic fairness." Obama wants wealthier Americans to bear more of the burden of slashing a federal deficit that was a trillion plus dollars for a fourth year in a row.The $3.8 trillion budget proposal is a "reflection of shared responsibilities," the Democratic president said at a campaign-style event in Annandale, Virginia, referring to his call for a minimum 30 percent tax on millionaires. 
Of the over $7 Trillion that the Democrats have added to the national debt since they took control of Congress on 1/4/2007, less than $1 Trillion of that debt is in the form of “Intragovernmental Holdings”.
Over $6 Trillion in new debt has been added to “Debt Held by the Public”, MUCH MORE THAN DOUBLING IT from under $4.9 Trillion to over $10.9 Trillion.
Stop for a second and really think about that. The “Debt Held by the Public” (and much of it held by China) has grown by more than 123% since the Democrats took control of the budgeting and spending process less than 5 and a half years ago!

LAST BUT NOT LEAST . It  was reported today that  The owner of China’s largest movie **theater circuit took a big leap forward into the U.S. market, acquiring AMC Entertainment Inc., the nation’s second-largest theater chain, the latest in a flurry of high-profile deal-making between the countries’ entertainment industries. Dalian Wanda Group, a Chinese conglomerate, said in a statement that it had reached an agreement to acquire AMC’s 5,034 screens in 346 theaters in the U.S. and Canada. The Kansas City, Mo., theater chain is owned by several investment firms, including JPMorgan Partners, Apollo Investment Fund and Bain Capital Investors.The transaction is valued at $2.6 billion and would create the world's largest cinema owner, the companies said in a statement.The deal marks the largest investment to date by a Chinese company in the U.S. entertainment industry and gives Wanda a foothold into the U.S. movie theater business in what some analysts viewed as a “trophy” acquisition. American dollars on  communist Chinese-owned theaters, where the American entertainment would be transformed into yet another casualty of the Chinese invasion.
China taking over everything  
And the Americans' shortsightedness and short-term-profit-seeking corporations are making it easier for them.

**  Infrastructure is important, however unlike China, we have an infrastructure, If all he is trying to do is create jobs there are MUCH cheaper ways of going about it and to be honest UNLESS we stop the off shore bleeding of our industrial output, any ‘stimulus, will only get us into deeper problems. He needs to reform regulation that has pushed industry away, not simply throw money at the problem and hope that it will go away. Oh throwing money at it will ‘help’ but not much.

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