Wednesday, August 11, 2010

The democrat Peter & Paul principle

Borrowing from Peter to pay Paul is nothing new for democrats. They have been doing it for the latter part of the past sixty years now.  But come today? The apparent new twist, is to rob from their own Peter. Which shouldn't be any great surprise to those either in the Congressional Budget office or elsewhere keeping track of the floating crap game we call congress.

Bill Clinton came into office riding the crest of  the recently created bonus of the end of the cold war. Ronald Reagan had rejuvenated the American economy after the disastrous four years of Jimmy Carter and he had out spent and bankrupted the communist Soviet Union in the process.

In steps Clinton, who immediately declares a "peace dividend," then through creative book keeping and funding scams, supposedly balances the budget and carries a surplus. The only problem is, they never told the American people that was accomplished by literally gutting the American military. But in the end, it provided another example of a Peter that could be robbed to fund and pay for more liberal programs for Paul.

Fast forward to the present? And we are entering into another year of dire economic forecasts and ever increasing budget shortfalls. So the reality becomes, if the democrats want to keep their union base at the polls come November? They have to prop up the walls of the great liberal give away fortress and cough up some 26 billion to try and stave off budget deficits at the state levels that will severely impact their unionized government education sector.

Read on.........

Democrats, Advocacy Groups Blast Cuts to Food Stamps to Fund $26B Aid Bill

Some Democrats are upset and advocacy groups are outraged over the raiding of the food-stamp cupboard to fund a state-aid bailout that some call a gift to teachers and government union workers. 

House members convened Tuesday and passed the multi billion-dollar bailout bill for cash-strapped states that provides $10 billion to school districts to rehire laid-off teachers or ensure that more teachers won't be let go before the new school year begins, keeping more than 160,000 teachers on the job, the Obama administration says.

But the bill also requires that $12 billion be stripped from the Supplemental Nutrition Assistance Program, commonly known as food stamps, to help fund the new bill, prompting some Democrats to cringe at the notion of cutting back on one necessity to pay for another. The federal assistance program currently helps 41 million Americans.
Arguably one of the most outspoken opponents on the Democratic side is Connecticut Rep. Rosa DeLauro, who has blasted the move as “a bitter pill to swallow” but still voted yes.

“I fought very hard for the food assistance money in the Recovery Act, and the fact is that participation in the food stamps program has jumped dramatically with the economic crisis, from 31.1 million persons to 38.2 million just in one year,” DeLauro said in an e-mail sent to “But I know that states across the nation and my own state of Connecticut also desperately need these resources to save jobs and avoid Draconian cuts to essential services for low income families.”

Some might find this news amusing or entertaining. I don't. What it foretells for me is the stark reality that the government dole is now a clearly teetering pyramid scheme that has nowhere else to go but the inevitable crash. It can no longer be sustained and with the looming budget shortfalls nationally? There is nowhere else to get the money from. 

We are literally tapped out with the Chinese and everyone else. They are just barely loaning us enough money to pay debt service on what we already owe. And now the democrats are once again trying to pitch their red meat freebies for votes. Problem is? They have no way to finance it aside from taking it away from another segment of "their constituents."

This will prove very interesting in the coming months as the jobs market continues to sour and several million already out of work and on unemployment, can no longer count on their monthly food stamp ration. I see the makings for riots by the spring.

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