Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

The Do-Nothing Government

November 23, 2011 By The Editors

Tasked with one goal, to cut the deficit by $1.2 trillion, the Super Committee announced Monday that it had failed. Senator Bob Corker from Tennessee summed up the failure well, calling it “nothing short of an embarrassment, an absolute national disgrace and failure of leadership.” After the failure, Congress is already backtracking on its plan for automatic cuts. The cuts are supposed to take effect in 2013, if not repealed before then.

Phil Kerpen, VP for Policy of Americans for Prosperity, wrote on August 2, “Senate Democrats have failed to pass a budget for 825 days and counting, violating the 1974 Budget Act that requires an annual budget.” Republicans abetted the dereliction of duty in the Senate by agreeing to the Super Committee deal. Kerpen goes on to write, “Now, thanks to the provisions of the debt ceiling deal, they can get away with extending their irresponsibility streak through the next election and into 2013. Senate Democrats will now go fully four years without passing a budget.” It has now been 938 days since the Senate Democrats passed a budget.

Don’t think the negligence has been contained to the legislature. As you can see in the video below, the president pledged back in 2009 that he would halve the budget deficit “that [he] inherited” during his first term. Presumably he was referring to the $1.4-trillion fiscal 2009 budget. That then would equate to reigning in the deficit to $700 billion per year. During the president’s term in office, not a year has gone by without deficits larger than $1.1 trillion. It’s safe to say he has failed in his pledge.

Just how bad has this do-nothing government gotten? Here’s a sign: Chris Matthews, formerly an open fan of President Obama, recently asked, “Is this it? Is this as good as it gets?” It would appear so.

Related Posts

  • Get Government Out of Government
  • Government Maleficence
  • Downsize the Federal Government
  • Author
  • Recent Posts
The Editors
Latest posts by The Editors (see all)
  • The Man Who Tried to Prevent the Challenger Space Shuttle Disaster - January 30, 2023
  • Ukraine Front Lines Increasingly Bloody - January 30, 2023
  • Is Diesel Fuel About to Become Even More Expensive? - January 30, 2023

Dick Young’s Must Reads

  • “The Losses are Taking a Toll on Their Health”
  • Can Ginger Combat Heart Disease and Improve Circulation?
  • Why Investors Should Forget Prices and Focus on Income
  • The Four Most Important Words in Investing
  • 751 “No-Go” Zones in France
  • TOP HEAVY: Focus on Big Indexing Could Cause Market Chaos
  • What’s the Best Survival Currency?
  • You May Be Surprised by America’s “Least Woke City”
  • YOU DESERVE FREEDOM: Your Hard Work Will Make It Happen
  • America’s States Rights Revolution

Our Most Popular Posts

  • Will Western Tanks Be a Game Changer in Ukraine?
  • Pfizer CEO Terrified of Real Questions About His Vaccines
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • US Debt Now Exceeds Annual GDP?
  • Europe Should Protect Itself
  • “I Will Veto Everything They Send Me”
  • How to Fight Wokism Idiocy
  • Give Me Clean, Efficient Gas
  • Pat Buchanan Retires
  • The Neocon Russia-Hoaxers of Hamilton 68 Must Be Held Accountable

Disclosure

RSS Youngresearch.com

  • What Kind of Life Are You Investing For?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Are the Realists Winning the Debate over the Future of EVs?
  • CATO: Global Freedom Is in Sharp Decline
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Suddenly, Holding Cash Looks Good Again to Many
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Is Passive Investing Already Passé?
  • Welcome to Hotel California, Where You Can Never Leave

RSS Yoursurvivalguy.com

  • What Kind of Life Are You Investing For?
  • Why Don’t These Mayors Seem to Care?
  • Warren Miller: If You Don’t Do It This Year, You’ll Be…
  • Your Investment Focus Is the Foundation for Success
  • CATO: Global Freedom Is in Sharp Decline
  • TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Welcome to Hotel California, Where You Can Never Leave

“I Will Veto Everything They Send Me”

Europe Should Protect Itself

What Kind of Life Are You Investing For?

The Neocon Russia-Hoaxers of Hamilton 68 Must Be Held Accountable

Why Don’t These Mayors Seem to Care?

How to Fight Wokism Idiocy

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives