September 12, 2011
Marie Lozito is a Registered Nurse, Licensed Massage Therapist, wife, mother, grandmother and life-long conservative. She wrote a text on medical massage and taught at New York College of Health Professions.
Interested in, and observing politics since 1960, she
ran for elected office in 2010.
The Abuse of Power
"There are more instances of the abridgment of the freedom of the people by gradual and silent encroachments of those in power than by violent and sudden usurpations."
- James Madison, speech at the Virginia Ratifying Convention, 1788
The Obama administration has had a very disturbing way of dealing with people and businesses that have the nerve to publicly disagree or disapprove with
its policies or actions. They sic the Federal government bureaucracy on them. The latest recipient of this treatment is Standard and Poors. The threat of a “government investigation” started about the time S&P announced it might downgrade the US debt rating from AAA to AA+ unless significant actual spending cuts (to the tune of $4 trillion) were made. As we all know, the cuts were not made and the US debt rating was downgraded – just as S&P had warned. Now the Obama Justice Department is conducting a full investigation of S&Ps rating agency looking for misdeeds in their rating of mortgage-backed securities. S&P is the only rating agency under investigation.
Considering how many agencies wrongly rated
mortgage-backed securities as good risks, the singling out of S&P could
be only another example of the Obama administration's using the government to punish those who don't blindly go along with their actions. (I find it very scary that some rating agencies now consider these mortgage backed securities as better risks than US Treasuries.)
The government shouldn't waste time shooting the messenger (S&P) when the message itself is impossible to ignore: It's the amount of government spending that has caused the debt problem and credit downgrade!
The Obama administration also likes to reward those who support it. Despite the latest legal setback to Obamacare, the Dept. of Health and Human Services keeps right on moving forward with the plans to implement it. At the same time, they are granting more and more waivers so certain groups don't have to comply and they are extending the waiver period. Instead of having the waivers expire in 1 year, many will now be good till 2014. The Dept. of HHS has still not made public the process for how it determines who gets waivers, but looking at the list of the 1,472 groups and organizations that already have waivers, it is impossible to not notice how disproportionately many have been awarded to public sector groups and unions.
"In the course of any given year, Congress votes on taxes, medical care, military spending, foreign aid, agriculture, labor, international trade, airlines, housing, insurance, courts, natural resources, and much more. There are professionals who have spent their entire adult lives specializing in just one of these fields. The idea that Congress can be competent in all these areas simultaneously is staggering. Yet, far from pulling back - as banks or other private enterprises must, if they don't want to be ruined financially by operating beyond the range of their competence - Congress is constantly expanding further into more fields. Having spent years ruining the housing markets with their interference, leading to a housing meltdown that has taken the whole economy down with it, politicians have now moved on into micro-managing automobile companies and medical care. They are not going to stop unless they get stopped. And that is not going to happen until the voters recognize the fact that political rhetoric is no substitute for competence."
- economist Thomas Sowell
The President discounts the idea of a constitutional amendment requiring a balanced budget as a crazy and "unnecessary"idea. Given the continually soaring debt and the Senate's shocking inability to even pass a budget for more than two and a half years, it appears that a constitutional amendment is necessary for Congress and the President to do their jobs. The Vice President, Joe Biden, voted for a balanced budget amendment in 1997. It's an idea that Thomas Jefferson expressed support for and has come before Congress regularly since 1936. And it's an idea that $14 trillion of debt and budgets repeatedly running in the red proves is indeed necessary.
The “debt deal” is not a good deal! Every spending cut is “projected” over a 10 year period, while every debt increase is immediate. So even with this deal in place, the forecast for the next decade is still trillions more in debt. As Sen. Tom Coburn (R-OK), who voted against the bill, put it, "It eliminates no program, consolidates no duplicative programs, cuts no tax earmarks and reforms no entitlement program. The specter of default or a credit downgrade will still hang over our economy after this deal becomes law." Actually, the specter of bankruptcy still hangs over the country after this deal!
“...it's difficult not to be outraged at the irresponsible stewardship of our do-gooder ruling class. These elites are on the final leg of their long journey to uproot our founding principles and remake the nation in their quest for moral self-realization through public acts of philanthropy with other people's money and liberty. In the name of compassion, they have systematically undermined our founding ideals of life, liberty, the pursuit of happiness and equal opportunity under the law. ... I am more convinced than ever that words alone are insufficient to express the richness of America's heritage and the debt we owe our Founding Fathers and all others who sacrificed so much so that we could be free. As we measure the forces determined to structurally change this nation, divest us of our liberties and, in the process, inevitably bankrupt us, let us always be mindful of the sacrifice of these great men, who bequeathed to us our liberties, and honor them and our posterity by redoubling our commitment to fight to the end to preserve them."
-columnist David Limbaugh