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Old 08-09-2010, 15:34   #1
Roguish Lawyer
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Massive Pentagon Cuts

http://www.washingtonpost.com/wp-dyn...l?hpid=topnews
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Old 08-09-2010, 15:42   #2
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I regret to say that I am not surprised. If we get a second dip of recession, then tax revenues will decline. Spending will come under pressure.
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Old 08-09-2010, 15:46   #3
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I swear I'll kill the first hack that utters the words: "Do more with less...".
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Old 08-09-2010, 16:03   #4
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I notice these are "real" cuts....

But I don't see any cuts coming in the social spending areas.
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Old 08-09-2010, 16:08   #5
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But I don't see any cuts coming in the social spending areas.
Rumor control suggests you'll see a lot more of it. See the next-to-the-last paragraph on page 6.

LINK

Excerpt:

To be sure, there is growing chatter that the Fed is once again going to come to the rescue and Barron’s hints strongly at a coming $2 trillion quantitative easing program. The rumour mill is filled with talk of how the Administration is cooking up a new scheme, through the channels of Fannie and Freddie, to forgive part of the mortgage loans for distressed homeowners who are “upside down” (ie, negative net equity in their home) — a huge fiscal expansion that could bypass Congressional approval.
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Old 08-09-2010, 22:16   #6
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I swear I'll kill the first hack that utters the words: "Do more with less...".
Drive ON!; Fight out-numbered and win; Win the first battle of the next war; lean forward in the foxhole; Do more . . . opps! Be All You Can BE, Join the people who joined the Army. . . If you do not understand the instructions, Do the best you can.

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Old 08-10-2010, 07:08   #7
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Nothing is too good for our troops...and by God, that's exactly what we'll give 'em.
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Old 08-10-2010, 08:40   #8
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Nothing is too good for our troops...and by God, that's exactly what we'll give 'em.
In abundance!
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Old 08-10-2010, 11:08   #9
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Originally Posted by nmap View Post
Rumor control suggests you'll see a lot more of it. See the next-to-the-last paragraph on page 6.

LINK

Excerpt:

To be sure, there is growing chatter that the Fed is once again going to come to the rescue and Barron’s hints strongly at a coming $2 trillion quantitative easing program. The rumour mill is filled with talk of how the Administration is cooking up a new scheme, through the channels of Fannie and Freddie, to forgive part of the mortgage loans for distressed homeowners who are “upside down” (ie, negative net equity in their home) — a huge fiscal expansion that could bypass Congressional approval.
Nmap, besides that check out this little video on FHA

(You need to put it together b/c I'm not sure about posting links and if there maybe any back tracking issues)

http://www.

thinkbigworksmall.com/mypage/archive/1/52542/
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Old 08-10-2010, 11:26   #10
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Nmap, besides that check out this little video on FHA
Nice video. Thank you!

More tax increases...just what our economy needs.
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Old 08-10-2010, 11:38   #11
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Keep an eye on those guys they do great videos!
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Old 08-10-2010, 12:33   #12
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"Don't work harder. Work smarter" etc etc etc
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Old 08-10-2010, 17:26   #13
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They cut the Pentagon's budget, but they have plenty of money for BS like this.



Obama Approves Billions for Teachers, Cops in Cash-Strapped States
House Passed $26 Billion Aid Package Earlier Tuesday; Republicans Cry 'Bailout'

By DEVIN DWYER and MATTHEW JAFFE
WASHINGTON, Aug. 10, 2010—

President Obama has signed into law a controversial spending bill aimed at saving hundreds of thousands of teacher, police officer and public health worker jobs in states grappling with budget cutbacks in a down economy.

The $26 billion package, which was approved by the House in a largely party-line vote earlier Tuesday, includes $10 billion to keep an estimated 160,000 teachers on the job, and $16 billion to help states meet their Medicaid payments for six months. Democrats say the aid to states could also help keep 150,000 police officers and other workers on payrolls.

The Senate passed the controversial measure last week after House lawmakers had already left for their six-week summer break forcing Speaker Nancy Pelosi to summon members back to Washington for the rare August vote.

"We can't stand by and do nothing while pink slips are given to the men and women who educate our children or keep our communities safe," said President Obama during remarks in the Rose Garden ahead of the vote.

Republicans have sharply criticized the package, calling it more misguided government spending and accusing Democrats of political pandering ahead of the November elections.

"We are broke. We do not have the money to bail out the states," John Boehner, the top House Republican, told reporters this morning. "This bailout to the teachers' unions is some of the most irresponsible policy I've seen."

Republicans used the word "bailout" seven times during the seven minute press conference.

"We are not bankrupting the country fast enough and so we need to come back and spend even more," said California Republican Rep. Tom McClintock, slamming the one-day emergency session.

Saving Jobs, or Costly Bailout?

Democrats insist the bill is fully paid for with tax increases on some large businesses and cutbacks in spending on food stamps, but Republicans have objected to the types of Americans footing that bill.

"They pay for it on the backs of those businesses that are out there today working very hard in difficult economic times to create jobs. They do it on the backs of the poor with the food stamp program. And they pay for it on the backs of those of us wanting to improve the environment," said Republican Rep. David Drier. "It's nothing more than smoke and mirrors to claim that this is somehow paid for."

With the November midterm elections now three months away, today's vote sets the stage for a major debate in the upcoming campaign over government spending.

Democrats say they are trying to save U.S. jobs and fighting Republican opposition to important economic stimulus measures. Republicans say they are trying to rein in the Democrats' runaway spending and curb a record federal government deficit.

"The American people are screaming at the top of their lungs to Washington, 'Stop, stop the spending, stop the job-killing policies,' and yet Democrats in Washington refuse to listen to the American people," Republican Boehner of Ohio said Sunday on NBC's "Meet the Press."

Rep. Chris Van Hollen of Maryland, chairman of the Democratic Congressional Campaign Committee, countered, "We're coming back because it makes no sense from a jobs perspective, and it makes no sense from the perspective of our children's education, to have an insufficient number of teachers in the classroom. I mean, it's as simple as that."

Nothing less than control of the House is at stake in the November election. All 435 House seats are up for grabs with Republicans needing to gain 39 in order to take back the majority.

If Democrats can convince voters that their economic recovery plans are working, they could have a good shot at keeping control on Capitol Hill. Republicans meanwhile hope voters will see the Democrats' economic policies as failed and dangerously adding trillions in red ink to the nation's tab, signaling a time for change.

Copyright © 2010 ABC News Internet Ventures

http://abcnews.go.com/Politics/congr...ry?id=11365593
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Old 08-10-2010, 19:19   #14
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Why do I feel like Forrest Gump and his "million dollar wound" in this scenario?

Forrest Gump: "They said it was a million dollar wound, but the army must keep that money 'cause I still haven't seen a nickel of that million dollars."

I somehow think I am not going to see a nickel of this money, either. Oh, well... "life is like a box of chocolates." I always get the one with that icky orange stuff in it!
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Old 08-10-2010, 20:43   #15
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Why do I feel like Forrest Gump and his "million dollar wound" in this scenario?
I fear I am hearing the echoes of "No more Task Force Smiths" and the term "building down"...
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