The Right Stuff In The Morning
Monday, February 2, 2015
Good morning! In the news today: Obama produces a massive new tax-and-spend budget document; Iran termed an "existential threat" to the United States; China seeks to dominate the world; Republicans may be the new majority party; and the number of kids on food stamps soars under Obama.
Have a great day.
Keith
Obama proposing $4 trillion budget . . . President Barack Obama on Monday proposed a $3.99 trillion budget for fiscal year 2016 that sets up a battle with Republicans over programs to boost the
middle class that are funded by higher taxes on corporations and wealthy Americans. The budget foresees a $474 billion deficit, which is 2.5 percent of U.S. gross domestic product. It projects deficits stabilizing at that rate over a 10-year period, senior administration officials said. Reuters
Amazing. The growing debt is not even viewed as a problem by this administration as it lusts for new spending.
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Obama's "have it all" budget . . . Obama releases a $4 trillion budget Monday designed to convince Americans that they can have it all: more tax breaks for the middle class, more spending on government programs, and just enough cuts and tax hikes
to keep the nation’s deficits under control. To pay for it, Obama proposes raising a number of taxes on wealthy taxpayers or businesses — revenue measures that have already been dismissed as nonstarters by the Republican Congress. Politico Budget taxes companies to build roads . . . Obama will propose a six-year, $478 billion public-works program for highway, bridge and transit upgrades, with half of it to be financed with a one-time, 14 percent tax on U.S. companies’ overseas profits. Fox News
More Obama-style growth . . . The economy expanded during the last three months of 2014 at an annualized rate of 2.6 percent, the Commerce Department announced today, a
middling performance that is the rule, not the exception, for the Obama years. Even with the high growth rates of the second and third quarters, economic expansion for the year is 2.4 percent, just slightly better than the 2.2 percent growth of the previous four years of Obama’s reign. White House Dossier Michelle lauds Hollywood for promoting gay marriage . . . Speaking to a group of television and screenwriters in Washington, D.C., on Friday, First Lady Michelle Obama praised the movie and television industry in the United States for promoting same-sex marriage. CNS News  |
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Iran now an "existential threat" to the United States . . . Regardless of intelligence uncertainties and unknowns about Iran's nuclear weapons and missile programs, we know enough now to make a prudent judgment that Iran should
be regarded by national security decision makers as a nuclear missile state capable of posing an existential threat to the United States and its allies. Newsmax Obama's legacy will be a nuclear-armed enemy run by
lunatics. Obama lacks strategy to stop ISIS . . . On the one-year anniversary of its initial thrust into western Iraq, the Islamic State, also known as ISIL and ISIS, has claimed the creation of new cells in Libya, Egypt and Saudi Arabia. It also has boasted of new alliances, such as with al Qaeda in the Arabian Peninsula, which is determined to attack inside America. Washington Times |
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The emerging Republican advantage . . . Republicans are gaining dramatically among a group that had tilted toward Democrats in 2006 and 2008: Call them middle-class Americans. The defection of these voters—who,
unlike the white working class, are a growing part of the electorate—is genuinely bad news for Democrats, and very good news indeed for Republicans. National Journal Scott Walker: Don't bet against me . . . “I just would tell you one thing,” Wisconsin Gov. Scott Walker said, declining to state the probability of his candidacy, “after three elections for governor and four years in a state that hasn’t gone Republican since 1984, for president, I wouldn’t bet against me on anything.” Washington Free Beacon Walker open to sending troops to combat ISIS . . . Walker said Sunday he is open to sending U.S. troops to the Middle East to defeat Islamic State fighters -- a bold foreign policy statement in contrast with the Obama
administration’s position. Fox News Walker
is the current Republican "It-girl," soon to be replaced by the next one. Clinton said to arm Libyans with suspect al-Qaeda ties . . . Libyan officials were deeply concerned in 2011, as Secretary of State Hillary Rodham Clinton was trying to remove Moammar Gadhafi from power, that weapons were being funneled to NATO-backed rebels with ties to al Qaeda, fearing that well-armed insurgents could create a safe haven for
terrorists, according to secret intelligence reports obtained by The Washington Times. Dems clamp down on the press . . . Reporters
covering the House Democrats' retreat in Philadelphia were escorted to and from the restroom and lobby and barred from entering the hotel outside of scheduled events, even if they'd been invited by a member of Congress. Politico
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China's plan for world domination . . . China launched a secret 100-year modernization program that deceived successive U.S. administrations into unknowingly promoting Beijing’s strategy of replacing the U.S.-led
world order with a Chinese communist-dominated economic and political system, according to a new book by a longtime Pentagon China specialist. Washington Free Beacon China warns Obama not to meet with Dalai Lama . . . China warned the United States on Monday that it was opposed to any country meeting the Dalai Lama "in any manner" after the White House said U.S. President Barack Obama would attend an event with the exiled Tibetan spiritual leader whom Beijing brands a separatist. Reuters
Ex-Obama aide accused of illegally aiding Netanyahu foes . . . At a Sunday press conference in Tel Aviv, Likud party leaders accused Victory 2015, run by Obama 2012 national field director Jeremy Bird, of accepting millions of dollars in
foreign contributions, in violation of campaign finance law, according to the Israeli newspaper Haaretz. Washington Times Egypt
sentences 183 Muslim Brotherhood members to death . . . An Egyptian court sentenced 183 supporters of the outlawed Muslim Brotherhood to death on Monday on charges of killing police officers, part of a sustained crackdown by authorities on Islamists. Reuters
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Kids on food stamps rises 7 million since before recession . . . The number of kids who receive food stamps in 2014 passed the 16 million mark for the first time since the U.S. Census Bureau started publishing the statistic in
2007, the government agency said Wednesday. Prior to the economic recession that began in 2007, just one in eight — or roughly nine million — children were receiving food stamp assistance, compared to the one in five now on the program. The number of children receiving food stamps living with a single mother has also nearly doubled from 2007 to 2014, from 5.5 million to 8.1 million, the data shows. Washington Examiner The welfare state increases its
grip. Conservative patriot? . . . New England Patriots coach Bill Belichick wore a “Don’t Tread on Me” t-shirt to the Super Bowl on Sunday, according to Breitbart.
Keith Koffler
Editor
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