John Boehner’s newsletter to me yesterday morning (my rebuttal in this color)
In the Weekly Republican Address, Rep. Bob Goodlatte (R-VA) makes the case for a Balanced Budget Amendment which would ensure spending cuts made today don’t easily disappear tomorrow – and that means more certainty for the private sector and a better environment for job creation. Read my post John Boehner Needs "Certainty"
Rep. Goodlatte called on President Obama to back a Balanced Budget Amendment in his speech to Congress this Thursday, and said it is time to focus on “removing barriers to job creation and creating barriers to debt creation” so “we can get our economy back on track.” So when Social Security retirees begin exceeding the amount of revenues being taken in (because of excessive tax breaks for the rich, CEOs, bankers, hedge fund managers, and large corporations) instead of cutting defense spending (corporate contracts), they will cut Social Security and Medicare for us.
Republicans are also working to rein in excessive federal regulations holding back job growth. Unnecessary regulations written by unelected bureaucrats mean big costs for small businesses, and fewer jobs and higher prices for families. < LIE! This is just so all the banks (the GOP political donors) can continue unabated as they have in the past causing our housing crisis and economic crash. This also means eliminating things that we need for safe products and food - all for more corporate profits.
The Wall Street Journal says the Obama Administration “understates the costs” of federal restrictions and red tape. The number of new Washington regulations with a major economic impact has increased by nearly 15 percent this year. The Wall Street Journal and Fox News can't be believed as they only work for corporate interests. Why don't U.S. corporations (and their CEOs) leave America all together and live under Chinese regulations and laws if ours are so draconian?
The need to stop Washington from spending money it doesn’t have and rein in excessive regulations couldn’t be clearer after the Department of Labor reported zero net new jobs were created in August. Washington has ALWAYS spent money it didn't have, even when Republicans controlled all 3 branches of government. Why now, with so many people out of work, is it so important to count pennies when it serves us, but tax breaks for corporate jets "make up so little of the budget"?
More than 1.4 million jobs have been lost since the “stimulus” was enacted and unemployment has averaged 9.4 percent (exceeding nine percent 26 of the past 28 months). Most of those lost jobs were from the government sector because Republicans cut state budgets. The results of the Bush policies cost us far more jobs...10 million or more. And also: The DOW JONES went from a low of 6,500 in March 2009 to a high of 12,750 in July 2011 until the Tea Party started holding our credit hostage.
The non-partisan Congressional Budget Office (CBO) estimates the unemployment rate could stay above 8 percent until 2014. Remember, the Obama Administration promised its “stimulus” spending binge would keep the unemployment rate below 8 percent. Politicians ALWAYS make promises they don't (or can't) keep to get themselves elected...even the GOP. John Boehner lies all the time. Without "stimulus" (which was 40% in tax breaks) more jobs would have been lost and their would have been no unemployment benefits for those 10 million laid off workers.
Unfortunately, the Democrats running Washington are pushing more of the same: excessive government regulations, higher taxes on job creators, and more “stimulus”
spending. Our "job creators"? Don't make me laugh! The Republicans are pushing for "more of the same" also - policies that got us to where we are now...too little tax on the rich and corporations. Too little regulations of the banks. Too much corporate welfare for the oil companies and others. More tax breaks for the rich only induces more "hoarding" of the money supply. Tax breaks for the poor and UI benefits for the jobless induces more economic activity.