noworldsystem.com


Obama’s Stimulus Bill Will Be Called a ‘Jobs Bill’

Congressman: “We’re told not to call it another stimulus bill, we’re calling it a jobs bill”

http://www.youtube.com/watch?v=eEyqf3yoKsk

http://www.youtube.com/watch?v=NYlrDESEZ5E

 

We must spend out way out of recession (and into DEBT)

http://www.youtube.com/watch?v=0JNHj2sP-Y0

Government Uses Stimulus Money To Buy Naked Body Scanners

Senate sends $1.1 trillion spending bill to Obama

$5,500 Golf Cart Tax Credit in Obama Stimulus Bill

 



Government Uses Stimulus Money To Buy Naked Body Scanners

Government Uses Stimulus Money To Buy Naked Body Scanners

CNN
January 6, 2010

The U.S. government is using $25 million in stimulus money to buy and install full body scanners in airports this year, in an effort to ramp up security and create jobs.

The Transportation Security Administration is using funds from the American Recovery and Reinvestment Act to purchase 150 of the full body scanners, according to TSA spokeswoman Sarah Horowitz.

These “backscatter” scanners, which use X-rays to provide detailed images of hidden objects in or under a person’s clothing, are manufactured by Rapiscan, a subsidiary of Hawthorn, Calif.-based OSI (OSIS). The scanners cost from $150,000 to $180,000 apiece, according to the company.

Peter Kant, vice president of global government affairs for Rapiscan, said his company received a $25 million contract from the TSA to produce the 150 backscatter scanners. The contract has helped create 25 jobs, mostly manufacturing positions in the company’s Ocean Springs, Miss. facility, as well as some engineering jobs, he said.

Horowitz would not specify how much money had been earmarked for TSA spending on scanners, but she said the agency has enough funds that would come from the stimulus program and other federal sources to buy an additional 300 scanners.

Read Full Article Here

 



2010 Is The Year of Terrorism, Economic Crash

2010 Is The Year of Terrorism, Economic Crash

http://www.youtube.com/watch?v=NqpKLxU3sKw

http://www.youtube.com/watch?v=ofPK5n715-M

 



U.S. Debt Hits $12 Trillion, Will Double By 2019

U.S. Debt Hits $12 Trillion, Will Double By 2019

Outside the Beltway
November 18, 2009

Barack Obama has been president for just under 10 months but he’s added two trillion to the national debt and will double it by the end of the decade. CBS’ Mark Knoller:

    This latest milestone in the ever-rising journey of the National Debt comes less than eight months after it hit $11 trillion for the first time. The latest high-point is not unexpected, considering the federal deficit for the just-ended 2009 fiscal year hit an all-time high at $1.42-trillion – more than triple the previous year’s record high.

    Much of the increase in the deficit and debt is attributed to government spending outpacing revenue – both exacerbated by the recession and the government response to it – including hundreds of billions in bailouts and stimulus spending and tax cuts along with decreased tax revenues due to rising unemployment.

    […]

    The National Debt has increased about $1.6 trillion on Mr. Obama’s watch, though less than $4.9 trillion run up during the presidency of George W. Bush.

    But the White House budget review issued in August projects that by the end of the current fiscal year on Sept 30th, the National Debt could top $14 trillion. It gets worse. The same document projects that by the end of the decade, the National Debt will hit $24.5 trillion — exceeding the Gross Domestic Product projected for 2019 of $22.8 trillion.

According to the Treasury Department, the debt stood at $5.727 trillion on January 19, 2001, Bill Clinton’s last day in office, and $10.627 trillion when Bush left office eight years later. That’s $612.5 billion (or $0.6125 trillion) a year, during which we fought two major wars, had the 9/11 attacks, and at least two major bailouts to deal with a global financial crisis.

We’re thus far averaging $1.92 trillion a year under Obama, or a factor of 3.146 more. And the government is projecting that we’ll continue spending at this crisis rate for the next decade, more than doubling the current record level?

That ain’t good.

Presumably, we’d have had another major bailout had Bush stayed in office for a third term (were that Constitutionally or politically possible) or had John McCain been elected. So spending and thus the debt would have escalated substantially regardless. But we likely wouldn’t be talking about adding a massive health care payment on top of the pile.

 

Obama: We must spend our way out of recession (and into deeper debt)

http://www.youtube.com/watch?v=0JNHj2sP-Y0

Senate sends $1.1 trillion spending bill to Obama ADDING TO THE DEBT

No End in Sight to Govt. Spending Spree: $12.1T Debt Ceiling Set to Be Raised

 



Sign at Tent City: ‘Welcome to Obamaville’

Sign at Tent City: ‘Welcome to Obamaville’

http://www.youtube.com/watch?v=aMeEi2aCfrc

 

http://www.youtube.com/watch?v=WEUINE0nUpM

 



Senate sends $1.1 trillion spending bill to Obama

Senate sends $1.1 trillion spending bill to Obama

AP
December 13, 2009

The Senate on Sunday passed a $1.1 trillion spending bill with increased budgets for vast areas of the federal government, including health, education, law enforcement and veterans’ programs.

he more-than-1,000-page package, one of the last essential chores of Congress this year, passed 57-35 and now goes to President Barack Obama for his signature.

The weekend action underlined the legislative crush faced by Congress as it tries to wind up the year. After the vote, the Senate immediately returned to the debate on health care legislation that has consumed its time and energy for weeks. Senate Democrats hope to reach a consensus in the coming days on Obama’s chief domestic priority.

The spending bill combines six of the 12 annual appropriation bills for the 2010 budget year that began Oct. 1. Obama has signed into law five others.

The final one, a $626 billion defense bill, will be used as the base bill for another catch-all package of measures that Congress must deal with in the coming days. Those include action to raise the $12.1 trillion debt ceiling and proposals to stimulate the job market.

The spending bill passed Sunday includes $447 billion for departments’ operating budgets and about $650 billion in mandatory payments for federal benefit programs such as Medicare and Medicaid. Those programs under immediate control of Congress would see increases of about 10 percent.

The FBI gets $7.9 billion, a $680 million increase over 2009; the Veterans Health Administration budget goes from $41 billion to $45.1 billion; and the National Institutes of Health receives $31 billion, a $692 million increase.

All but three Democrats voted for the bill, while all but three Republicans opposed it. Democrats said the spending was critical to meet the needs of a recession-battered economy. “Every bill that is passed, every project that is funded and every job that is created helps America take another step forward on the road of economic recovery,” Senate Majority Leader Harry Reid, D-Nev., said after the vote.

Republicans decried what they called out-of control spending and pointed to an estimated $3.9 billion in the bill for more than 5,000 local projects sought by individual lawmakers from both parties.

The Citizens Against Government Waste said those projects included construction of a county farmer’s market in Kentucky, renovation of a historic theater in New York and restoration of a mill in Rhode Island.

Sen. John McCain, R-Ariz., a longtime critic of such projects, said it was “shameful” that so many had found their way into the legislation. Most Americans, he said, were watching football and not the Senate debate, adding, “If they knew what we are about to pass ….”

The legislation also contains numerous items not directly related to spending. It provides help for auto dealers facing closure, ends a ban on funding by the District of Columbia government for abortions and allows the district to permit medical marijuana, lets Amtrak passengers carry unloaded handguns in their checked baggage and permits detainees held at Guantanamo Bay to be transferred to the United States to stand trial, but not to be released.

The bill also approves a 2 percent pay increase for federal workers.

With the Senate concentrating on health care, attention on the upcoming jobs plan shifts to the House.

The defense bill that will be the basis for the package normally enjoys wide bipartisan support, but Republicans, and some fiscally conservative Democrats, are unhappy with the prospect of another jolt of deficit-swelling spending.

Congress must soon raise the debt ceiling, now at $12.1 trillion, so the Treasury can continue to borrow, and Democratic leaders are eyeing a new figure close to $14 trillion, pushing the issue past next November’s election.

But a bipartisan group in the Senate says a higher ceiling should be tied to creation of a task force on deficit reduction, and House Democratic moderates say their votes could depend on winning a “pay-as-you-go” law requiring that new tax cuts or spending programs don’t add to the deficit.

Sen. Mark Warner, D-Va., on CNN’s “State of the Union,” favored a deficit task force. He said he didn’t “see how this process where everybody kind of lards on is going to actually ever come to an end unless we finally have the discipline to do a straight up-or-down vote across the board on revenues and spending cuts.”

Proposals to put people back to work include tax breaks for new company hires, small business tax breaks, public works spending and federal aid to states.

Congress is also likely to extend measures, included in the $787 billion stimulus act last February, that provide jobless payments and health insurance subsidies for the unemployed.

 



Houses Passes $1.1 Trillion Spending Bill

Houses Passes $1.1 Trillion Spending Bill

Antiwar.com
December 10, 2009

There was a time when the federal government’s annual budget was submitted by the president and decided by the Congress in a relatively straightforward fashion. A time when it wasn’t so difficult to figure out what the government spent taxpayers’ money on.

But this is, or soon will be, 2010, and President Obama’s promises of transparency aside, the new way of doing things in the perpetual wartime economy is to pass bulky spending bills filled with anything and everything Congressmen want on an accelerated schedule, every few months.

In today’s example, a 1088 page $1.1 trillion “compromise” spending bill passed through the House of Representatives in a 221-202 vote along partisan lines. The bill covers everything from veteran’s benefits to arbitration for car dealers and, of course, a hefty raise in the foreign aid budget.

The latest massive spending bill comes less than two months after the White House signed a $680 billion “Defense Spending Bill,” which included hate crimes legislation provisions and restarted military tribunals at Guantanamo Bay.

That bill itself came just a few months after a $106 billion “emergency” war spending bill, which included a number of “pet projects,” including the so-called Cash for Clunkers program that subsidized new car purchases in return for a promise to destroy what were in many cases serviceable used cars.

Which of course came not long after the $787 billion “stimulus bill” aimed at hurling enough money at assorted government programs that the economy would improve.

When President Obama took office, he promised a more transparent budget, particularly with promises to stop requesting “emergency” war spending bills to pay for what are now several year old wars.

This promise, like so many others, will likely be ignored, as the defense budgets have projected a more rapid pullout from Iraq and did not include last week’s massive escalation of the Afghan War, itself a $30 billion addition to the annual cost. Instead, America seems poised to continue the new way of doing things, piecemeal spending bills which provide ample opportunity to include the trendy projects that Congress craves and the unclear picture of the overall cost of war that keeps the voter largely in the dark about how much the nation’s assorted adventures really cost.

 

Look Who got the economy wrong and why are they still in charge

http://www.youtube.com/watch?v=O23YCB7F5SQ

Obama’s sellout to Wall Street creates ‘permanent bailout’