May 17, 2012

One day kids, all this debt will be yours

From the Republican Study Committee, Rep. Jim Jordan (OH) comes this great map which shows where all the U.S. debt to foreign nations is.

US world wide debt

Export-Import Bank linked to Mexican drug cartels

The video below examines the role the U.S. Export-Import Bank – up for reauthorization and expansion next month – has played in funneling loans to Mexican drug cartels due to a lack of oversight and restraint.  This begs the question then: why is Congress about to expand Ex-Im when it already engages in so much waste of taxpayer money?  We need to put the pressure on Congress to NOT reauthorize Ex-Im without serious reforms.

Obama Administration Cheats Virginia Out of Jobs & Americans Out of New Energy Production to Lower Gasoline Prices

Obama Administration Cheats Virginia Out of Jobs & Americans Out of New Energy Production to Lower Gasoline Prices
THEN: President Obama Cancels 2011 VA Offshore Lease Sale
NOW: Boasts About Studying Possible VA Sale After 2018

WASHINGTON, D.C., March 28, 2012 – House Natural Resources Committee Chairman Doc Hastings (WA-04) released the following statement regarding reports that the Obama Administration will today announce plans for seismic studies for possible future drilling lease sales off Virginia and the Atlantic Coast. President Obama is responsible for delaying and then outright canceling the Virginia lease sale that was scheduled to take place in 2011. Today’s announcement continues the President’s policy of postponing a Virginia lease sale until at least 2018—seven years after it was supposed to happen. According to a study, the Virginia lease sale, which is included in House Republican’s bipartisan energy plan, will create 2,000 jobs and produce 750 million barrels of oil, 6.65 trillion cubic feet of natural gas.

“First President Obama cancels offshore drilling leases off Virginia that were to begin in 2011, and now he wants credit for a study to maybe let them start sometime after 2018. The President’s actions have closed an entire new area to drilling on his watch and cheats Virginians out of thousands of jobs. This press conference continues the President’s election-year political ploy of giving speeches and talking about drilling after having spent the first three years in office blocking, delaying and driving up the cost of producing energy in America. As gas prices climb higher and eat away at the pocketbooks of American families, this President is focused on trying to talk his way out of what he’s done, rather than taking real steps to boost American energy production.

“If President Obama truly wanted to support energy production in the Atlantic, he would immediately reinstate the lease sale that he canceled. The fact the President is not announcing that today means he’s more interested in headlines than moving forward with a real plan to develop our American energy resources. While President Obama has no problem taking credit for the successful energy policies of his predecessors, he is stubbornly opposed to creating any successful energy policies of his own.”

Background:

  • The current five-year plan (2007-2012), established by the Bush Administration, included a lease sale (#220) off the Virginia Coast in 2011.
  • In May 2010, the Obama Administration cancelled the Virginia lease sale.
  • Later, the Obama Administration released a draft plan for offshore drilling through 2017. This plan places the entire Pacific Coast, the entire Atlantic Coast, the Eastern Gulf and parts of Alaska off limits to future energy production.
  • This means that the earliest a lease sale could even occur off Virginia is 2018.

Obama ends his *gas price misery tour* at OSU

Late this afternoon President Obama ended a two day campaign tour of Oklahoma, Nevada and New Mexico with a visit to the campus of the largest university in the country: OSU. The focus of these campaign stops was his energy policy, or should we say lack thereof, and to address the frustrations of the American public with the rising cost of gasoline.

So how can Obama discuss his *energy policy* when he admitted himself he doesn’t have one?

Our energy policy still is just a hodgepodge, and for all the progress we’ve made, we’re not where we need to be in making sure that this is an energy-efficient economy that is running on all cylinders.

Good question. In anticipation of these visits Crossroads GPS and the RNC targeted the audience in these states with ads on Obama’s failed energy policies. The Crossroads ad is below:

The ad urges viewers to contact the White House and Congress to advocate for the passage of a market-driven energy policy free from Obama’s government subsidies and interference.

“Instead of delivering practical solutions to make energy more affordable, President Obama is pursuing restrictive and naïve policies that are hurting families at the pump and in their utility bills,” said Crossroads GPS president Steven Law. “There are plenty of supply-boosting solutions Obama could adopt immediately, but he remains obsessed with impractical sideshows like algae and Solyndra business schemes.”

The RNC ad is below:

So what did Obama have to say at OSU? The same ole, same ole rhetoric:

“We’ve added enough oil and gas pipelines to circle the entire earth – and then some,” Obama told a student-heavy crowd of about 2,600 at OSU’s Recreation and Physical Activity Center. “The problem is not that we’re not drilling or that we’re not producing enough oil.” [emphasis mine].

The problem is Sir, since taking office you have taken aggressive steps to limit domestic fossil fuel production including nixing the Keystone Pipeline Project and placing a 5-year moratorium on off-shore drilling. You state you favor a mix of oil, natural gas, wind and solar to keep the U.S. off the dependency of foreign oil but your memory must be short because it seems you have already forgotten about the Solyndra and other solar companies debacles.

“The bigger question is: ‘How can we make sure the spike in gas prices doesn’t keep happening?’ Because we’ve seen this movie before.”

The answer Sir, is to open up drilling and approve the Keystone Pipeline Project. That would be a great start.

Obama also took a little jab at a Republican presidential contender without naming names, but his target was clear:

“Politicians start dusting off their plans for $2 gas, although this year they decided it was going to be $2.50,” Obama said. “I don’t know where they get that number. It could have been $2.40 … It could have been $2.10.

He also made fun of Republicans calling them “the Flat Earth Society”:

The president criticized Republicans because they “make fun” of alternative energy programs, such as biofuels, and he repeated a joke from last week: If the Republicans had been around in Christopher Columbus’ time, they would have been founding members of the Flat Earth Society.

Ohio Republican Party spokesman Chris Maloney said Obama’s policies are:

“long on rhetoric and short on actual substance.” Maloney called on Obama to urge senior Ohio Sen. Sherrod Brown “and the Democrat-controlled Senate to act immediately on the bipartisan, House-passed energy bills championed by Speaker John Boehner,”

FYI this is Obama’s 19th visit to Ohio since taking office and the second in less than 10 days. The only video I have found so far is one of him addressing a heckler asking for him to read his book (too bad it wasn’t a protest heckling) but some how I doubt most would be interested in hearing the 20 minute speech in its entirety anyhow.

Related article: Obama to ensnarl traffic at OSU tomorrow.

Carney says Republicans forced Obama to turn down Keystone.

Obama earns 2 Pinocchios from the Washington Post for misleading statements on energy.

Crossposted at Unified Patriots

Your tax dollars at waste

Every dollar the government borrows today is a dollar our children must pay back tomorrow with interest. In effect, we’re stealing their future. That isn’t fair, and it isn’t right.

The federal government now routinely runs budget deficits in excess of $1 trillion, and at $15.5 trillion, the national debt is now bigger than our entire economy – which means we owe more money than we make. Yet over the last two years, the independent Government Accountability Office has identified 1,500 wasteful and duplicative federal programs where taxpayers could potentially save $400 billion every year.

The chart below shows just a sample of Washington’s wasteful spending. Let’s be fair to our kids and give them a better future.  Let’s cut the waste, cap the spending, and balance the budget.

Tax dollars at work

Visit http://gao.gov/duplication for more information.