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Showing posts with label spending. Show all posts
Showing posts with label spending. Show all posts

Wednesday, February 12, 2014

White House to transform tent to Monet masterpiece for Hollande


It's good to be the king.

Guests will take small trolleys across the South Lawn to the tent, which will be transformed into a spring-like scene inspired by Claude Monet's Water Lilies paintings, with quince branches in full bloom, irises, blue agapanthus and lilies.

The White House kept the guest list under wraps, along with who will sit at the head table, but revealed that soul singer Mary J. Blige will perform after the dinner.

The first course will feature caviar harvested from Illinois streams, Pennsylvania quail eggs, and 12 varieties of potatoes, the White House said.

The salad, served in a terrarium-like bowl, includes herbs from the White House kitchen garden, and honey from the White House beehive.

Dry-aged ribeye beef from a farm in Greeley, Colorado, will highlight the main course.

For dessert: Hawaiian chocolate-malted ganache, fudge made from Vermont maple syrup, and puffs of cotton candy dusted with orange zest.

The Middle Class was not invited.

Sunday, June 09, 2013

Illinois now has the lowest credit rating of any state in the country even without the S&P downgrade, and the worst rating in its history.

Don't worry, there are lots of ratings below A-, and Illinois will hit all of them on the way to D.

Via Meadia

The Illinois pension saga just keeps getting worse. In response to the state legislature’s failure to pass a pension reform bill before adjourning, Fitch downgraded Illinois’s bonds from A to A- earlier this week. On Thursday Moody’s joined the party, lowering the state’s rating from A2 to A3. S&P is now the only agency not to have downgraded the state, but it is issuing its own dire warnings. As Reuters notes, Illinois now has the lowest credit rating of any state in the country even without the S&P downgrade, and the worst rating in its history.

Thursday, May 23, 2013

Sen. Ted Cruz: 'I don’t trust Republicans' (and he's right!)



Sen. Ted Cruz (R-Texas) said Wednesday that he doesn’t trust members of his own party to negotiate a budget conference report.

Cruz's remark came after Sen. John McCain (R-Ariz.) said he thought it was “bizarre” that a member of his own party was objecting to forming a conference committee with the House to work out a budget.

McCain said the objections suggested Senate Republicans didn’t trust House Republicans to hold the party line in negotiations.

“Isn’t it a little bizarre, this whole exercise?” McCain said after Sen. Marco Rubio (R-Fla.) objected to going to conference. “What we’re saying is that we don’t trust our colleagues on the other side of the Capitol.”

Cruz responded that he doesn't trust Republicans.

“The senior senator of Arizona urged senators to trust House Republicans ... and frankly, I don’t trust Republicans,” Cruz said. “It’s the leaders of both parties that got us in this mess. ... A lot of Republicans were complicit in this spending spree.”


McCain said a “small minority of the minority” was blocking progress on the budget and a return to regular order.

But Rubio and Cruz argued that Democrats are trying to use budget reconciliation rules as a back-door way to raise the debt ceiling with just 51 votes, essentially giving "Democrats a blank check." The federal government is expected to reach the debt ceiling this fall.


Monday, April 29, 2013

Pigford Forever

At the time of his premature death, the great provocateur Andrew Breitbart was more than a year into a grinding crusade to bring attention to a little-known class-action settlement called Pigford, which had begun with plausible accusations that the U.S. Department of Agriculture had discriminated against a small number of black farmers, but which had spiraled into a billion-dollar, open-ended government kickback machine for untold thousands that showed no signs of letting up. The Pigford case represented everything Breitbart raged against in the American political order — large-scale cronyism, corrosive and cynical identity politics, unrepentant hypocrisy, and the predictable indifference of the mainstream media. A handful of conservative outlets reported on the story at the time — including NR — and a handful of liberal outlets dedicated only as much ink to these stories as it took to dismiss them. But in Breitbart’s lifetime, Pigford never cracked into “the conversation”; it never came to be seen as emblematic of a deeper corruption endemic in Big Government.

Perhaps that will now change with the publication, by no less an arbiter of “the conversation” than the New York Times, of a deeply reported 5,000-word piece on Pigford and its descendants that, if anything, reveals the truth to be worse than was previously thought.

Due to the pliability of the Clinton Justice Department and the dogged efforts of a few highly incentivized trial lawyers, the original Pigford settlement made $50,000 payments available to any African American who could merely claim to have been discriminated against by the federally deputized administrators of USDA bridge loans (loans designed to get farmers from the planting season to the harvesting season). And “claim” might even be too strong a word; since administrative records for the loan program were poor, the courts set the bar laughably low. To establish oneself as a farmer for the purposes of Pigford, it would all but do to establish that you had once bought a seed and passed within a country mile of a USDA office. And to establish that you were discriminated against there, it would all but do to affirm on a form that you found that experience less than satisfactory — and to have your second cousin affirm that you told him as much at the time.

Unsurprisingly, this cash bonanza spawned a cottage industry of mountebanks and small-time frauds, including a few who toured the churches of the rural South recruiting “farmers” to stake their claims in lieu of reparations. And the number of claims exploded. Some claimants were as young as four years old; others had their forms filled out by lawyers just to “keep the line moving.” There were many reports of duplicative, even identical forms written in the same hand. In some towns, the number of claimants exceeded the number of farms there operated — by individuals of any race. The Times quotes several USDA employees whose job was to process — and ultimately rubber-stamp — these claims. “You couldn’t have designed it worse if you had tried,” one says of the process. “You knew it was wrong,” says another, “but what could you do? Who is going to listen to you?” “Basically, it was a rip-off of the American taxpayers,” says a third.

But as the Times reports in great depth, instead of closing the spigot, in 2010 the Obama administration did not just acquiesce to, it spearheaded the expansion of, the Pigford con on the taxpayer’s dime, and saw to it that not just black Americans, but any woman, Hispanic, or Native American who could so much as gesture at discrimination had access to a billion-dollar pool of easy money.

It did this over the objections of career lawyers in the Justice Department. It did this by dubiously tapping a Justice Department fund reserved for court-ordered, not politically dispensed, payouts. And it did this, in most cases, under evidentiary standards even looser than the ones governing the original settlement.

The administration claims that it was worth settling the Hispanic and Native American cases to avoid the potential of adverse court rulings. But the Times quotes parties familiar with the litigation who say that the government would have easily prevailed had the trials run their course, rendering the administration’s decision inexplicable. In the suits brought by women and Hispanics, courts found the potential pool of legitimate claimants to number 91 in total, a “class” so small that the government could have dealt with them one at a time. The Native American settlement allocated $760 million, of which only $300 million could be awarded to claimants deemed legitimate. The rest will be distributed to Native American “nonprofits” that may or may not exist, and to trial lawyers, who admitted to the Times they were pleasantly surprised by the size of their cut, but “absent a court order” had no intention of returning any of it.

None of this sorry, shameful, and outrageous mess approaches the realm of “justice.” Pigford and its spawn instead resembles in organization and aim a criminal conspiracy of breathtaking proportions, and one in which the federal government was first complicit and then ultimately responsible. The Times report exposes — as Dan Foster did in his piece for us two years ago — Senator, Candidate, and President Obama’s advocacy for the settlements as barely alloyed quid pro quo, in which Pigford profiteers promised to help Obama run up the score against Hillary Clinton in the rural South in exchange for his work on their behalf. Similarly, the Hispanic case was negligently settled at the urging of the polluted Senator Robert Menendez, who threatened to make noise if the Department of Justice did not give Hispanics the same deal the president gave blacks.

At a minimum, a congressional investigation is needed, as is congressional intervention in the continued administration of the payouts. Representative Steve King (R., Iowa) has long called for such measures, and it is time his calls are heeded. It is shame, to the tune of billions in taxpayers’ dollars, that it has taken this long for the mainstream media and its readers to catch up to the reality of Pigford. But now that they have, perhaps they can be shamed into helping put an end to it.

OK so we know that the Obama administration is corrupt on a scale that the Clinton administration may only marvel at. But what now? The money has been given away, millionaire lawyers have become richer yet. There is absolutely zero chance that the man who arranged a pardon for Marc Rich, Eric Holder, and his boss Barack Obama will do anything about this multibillion dollar fraud. Until recently, Americans thought that this only happened in Mexico or the corrupt banana republics in South America. Today it's happening right here, an in-your-face example of political corruption. And that's not even discussing the multi billion dollar frauds like Solyndra and Fisker.

This kind of thing sets a precedent for other office holders unless someone is made to pay. Publicly. And sent to jail.

Wednesday, February 20, 2013

John Boehner: The President Is Raging Against a Budget Crisis He Created



John Boehner is not an effective spokesman for either Republicans or Conservatives.  That being said, he's an honest man.  Here's his version of how we got the sequester.

During the summer of 2011, as Washington worked toward a plan to reduce the deficit to allow for an increase in the federal debt limit, President Obama and I very nearly came to a historic agreement. Unfortunately our deal fell apart at the last minute when the president demanded an extra $400 billion in new tax revenue—50% more than we had shaken hands on just days before.

It was a disappointing decision by the president, but with just days until a breach of the debt limit, a solution was still required—and fast. I immediately got together with Senate leaders Harry Reid and Mitch McConnell to forge a bipartisan congressional plan. It would be called the Budget Control Act.

The plan called for immediate caps on discretionary spending (to save $917 billion) and the creation of a special House-Senate "super committee" to find an additional $1.2 trillion in savings. The deal also included a simple but powerful mechanism to ensure that the committee met its deficit-reduction target: If it didn't, the debt limit would not be increased again in a few months.

But President Obama was determined not to face another debt-limit increase before his re-election campaign. Having just blown up one deal, the president scuttled this bipartisan, bicameral agreement. His solution? A sequester.

With the debt limit set to be hit in a matter of hours, Republicans and Democrats in Congress reluctantly accepted the president's demand for the sequester, and a revised version of the Budget Control Act was passed on a bipartisan basis.