Posts Tagged ‘Budget’

When Democrats Refer to “Stakeholders,” They Mean Lobbyists, Not Taxpayers

Friday, February 4th, 2011

Terrified of the prospect of congressional Republicans that actually want to cut the budget, Senate Democrats have sent out an emergency distress call to lobbyists:

In an e-mail obtained by ABC News, a top staffer for the key Senate Appropriations subcommittee called for a meeting of lobbyists and interest groups that would be affected by expected cuts to the Labor and Heath and Human Services budget. The Jan. 24 meeting was attended by approximately 400 people, sources told ABC, and served as a “call to arms” for those determined to fight Republican budget cuts.

“One thing everyone should be able to agree on now is that a rising tide lifts all boats, and that a higher [Labor, Health & Human Services] allocation improves the chances for every stakeholder group to receive more funding,” the committee staffer for Sen. Tom Harkin, D-Iowa, wrote in an e-mail inviting people to the meeting.

So remember: When Democrats think about “stakeholders,” they mean the lobbyists that wallow up to the trough to feast on giant piles of taxpayer money. Actual taxpayers aren’t their concern…

(Hat tip: Ace of Spades)

EU: How about letting the yuan appreciate? China: How about you die in a fire?

Wednesday, October 6th, 2010

It’s not just the U.S. that believes China’s yuan is pegged artificially low. The EU is also complaining at the current EU-China summit, asking them to let the yuan appreciate 20-40% in value.

China’s reply? Get stuffed.

That’s not the only China-EU news this week. China is also buying up Greek assets at the same time they’re dumping U.S. assets.

Let that sink in for a moment. As The Motley Fool’s Christopher Barker put it, “China may consider Greece a safer bet than the United States.”

If Obama Administration officials weren’t worried about our unsustainable budget deficits before (and every indication is they weren’t), now would be an excellent time to start…

LinkSwarm for Father’s Day

Sunday, June 20th, 2010

A few links for whiling away the day: