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Walsh Says National Leaders Wrong about Country Not Having a Debt Problem When 42 Cents of Every Dollar Spent Is Borrowed

March 18, 2013 By: Cal Skinner Category: Debt, Joe Walsh

A column from former Congressman Joe Walsh:

Barack Obama, John Boehner, and Paul Ryan Are Dead Wrong

Last week, President Obama said on national TV that we don’t have a debt crisis. Sunday morning on national TV, House Speaker John Boehner was asked if he agreed with Obama, and he said yes, the country does not have an immediate debt crisis. Incredibly, Budget Committee Chairman Rep. Paul Ryan agreed with Boehner and Obama and said, “We do not have a debt issue right now, but we see it coming.”

Joe Walsh

Joe Walsh

What in God’s name are these three thinking?

We are CURRENTLY borrowing over $3 million every minute, almost $200 million every hour, and over $4.5 billion every day.

That’s borrowing … not spending!

Forty-two cents of every dollar we spend is borrowed.

This year will see our fifth straight year of an annual deficit of a $1 trillion or more. Our CURRENT debt is approaching $17 trillion, and when you add our CURRENT Medicare and Social Security liabilities, our real CURRENT debt is well over $100 trillion — that’s over $200,000 for every man, woman, and child in this country.

If our federal government were a family, for each of the past five years, the family’s annual credit card debt exceeded the family’s annual income by a whole lot … and Obama, Ryan, and Boehner don’t believe we have a debt crisis right now?

I know that pollsters tell us the American people don’t understand debt and the deficits as an issue. Well, our political leaders better explain debt in a way that can be understood because our debt is impacting our way of life. It’s severely hurting our economic growth and job creation, and, unless we address our debt, future generations will be robbed of any opportunity and prosperity.

Unless we take care of our CURRENT debt crisis, our kids and our grandkids will be indentured servants.

I don’t expect President Obama to understand this, but I can’t believe Paul Ryan and John Boehner don’t get this or are too afraid to level with the American people about how serious a problem living beyond our means year after year really is.

Cook County Treasurer Maria Pappas Fails the Telephone Access Test

May 15, 2012 By: Cal Skinner Category: Barrington Hills, Barrington Hills Observer, Cook County Treasurer, Debt, FOI, FOIA, Freedom of Information Act, Maria Pappas, McHenry County Treasurer

Part of the Barrington Hills Observer masthead.

I see the mention of the Village of Barrington Hill’s failure to answer Cook County Treasurer Maria Pappas’ request for debt information in Tuesday’s Chicago Tribune editorial.

That failure was noticed and memorialized by The Barrington Hills Observer.

On that site is the press release that Pappas sent out which, I assume, led to the editorial.

In the FOI request, Pappas says, ““We are taking this extraordinary step of using the FOIA provision because government may not flout the law any more than an individual. If anything, government should set the example in obeying the law.”

Here is what she requests:

“This Office hereby requests a full, complete, unabridged and unedited copy of (your) most recent audited financial statement.”

And the reason for the headline?

I called the Treasurer’s Office seeking the press person. Before I was connected to Bob Benjamin I was able to file a Freedom of Information request via email for the Pappas Freedom of Information request.

So, I’d make two suggestions.

Get more people to answer the phone.

There is such a long introductory message pointing callers everywhere but the Treasurer’s Office that most people probably just hang up.

After pushing the button “8″ to talk to a real person, the phone rang, many, many, many, many, many, many…times. Not that the woman who answered wasn’t pleasant. She was.

There just aren’t enough of her, so to speak.

Priest Wins Loan Default Suit against Lisa Sanfilippo

May 09, 2012 By: Cal Skinner Category: Debt, Elk Grove Village, Lisa Sanfilippo, Loan, Priest, Robert Hanlon, St. Julian Eymard Catholic Church

Father Thomas Vitro retired from St. Julian Eymard Catholic Church across from Alexian Brothers Medical Center.

A retired Catholic Priest named Thomas Vitio has won a suit against Fisher Nut family member Lisa Ann Sanfilippo (formerly Lisa Ann Evon) for her failure to repay a $150,000 loan.

With interest, the amount owned the former cleric of  St. Julian Eymard Catholic Church in Elk Grove Village is over $171,000.

During her divorce proceedings, Sanfillipo acknowledged the debt.

She has even made some payments, court documents say.

The money, according to the defendant’s ex-husband Jerome, was used to fund the operations of JRC Color Corporation.  He also swore he saw her sign the note.

The refusal of Sanfilippo to repay the loan led to the breach of contract case.

May 1st, McHenry County Associate Judge Thomas Meyer signed an order for summary judgment in the case for Farther Viteo.

Robert Hanlon is the attorney for Viteo.  Liz Wakeman and Jennifer Gibson of Zukowski, Rogers, Flood & McArdle represent Sanfilippo.

At Lake in the Hills Airport Newt Gingrich Says County Needs Visionary for President

March 15, 2012 By: Cal Skinner Category: Barack Obama, Debt, Gas, Gas Prices, Gasoline Price, Lake In the Hills, Lake in the Hills Airport, McHenry County, Natural Gas, Newt Gingrich, Oil Drilling, Oil Price

Newt Gringrich

I’ve been listening to Newt Gingrich since former State Rep. Bernie Pedersen starting sending me GOPAC tapes every month during the late 1980′s.

What impressed me was that his visions embraced the entire country–from suburbs to inner city.

I was particularly impressed with the privately-funded program to pay public housing kids to read books. The best line was when an older sister who had pooh-poohed the concept saw the money that her little sister brought home after a week.

“Where’d you get that money?”

“Readin’,” the little sis answered. (There was a verification process, sort of a verbal book report.)

The next week the older sister got with the program and read enough to buy a pair of Nike’s with what she earned by reading.

Of the Republican Presidential candidates, Gingrich clearly gives the best speech.

Today he performed at Ray Polte’s airplane hanger at the Lake in the Hills (used to be and could still have been Crystal Lake) Airport.

Inspired by the aircraft in the hanger, Gingrich talked about the efforts of the Wright Brothers to learn how to fly.

Newt Gingrich

He said what Orville and Wilbur had in their favor was that they knew they didn’t know how to fly.

After being told by the U.S. Weather Bureau where the winds were most reliable, they headed to Kitty Hawk on the train.

They took extra wood, Gingrich explained, because they knew they were going to fail.

And they failed 499 times.

But on the 500th attempt they succeeded.

Orville ran next to the plane on its first flight so he could balance the plane manually if he needed to to save his brother’s life, Gingrich said.

Within three years they flew a plane around Manhattan.

Gingrich attributed this to the technological advances American inventors and engineers are capable of, if the government doesn’t get in the way.

Gingrich brought laughter to the crowd of a couple of hundred by asking what the Congressional hearing would have been like, after hundreds of crashes, if there had been a government subsidy involved.

Then, he pointed out that the Smithsonian Institution had been given a $50,000 grant to build an airplane.

A premier scientific institution, those working on the project knew they knew how to fly.

They built a catapult, a concept still used on aircraft carriers.

They aimed the catapult out over the Potomac River.

The basic problem was that they didn’t plan for failure, Gingrich said.

While the Wright Brothers had soft sand upon which to land, if the Smithsonian’s plane crashed, there was no chance for a second try.

If the plane didn’t break up on impact and sank, lifting it from the bottom would have demolished it.

There was an Associated Press reporter for the first Kitty Hawk flight.

The Smithsonian invited the press, who, after the crash, wrote of the spectacular failure.

Gingrich told this story to let people know he was enthusiastic about science even though he had denigrated President Obama’s pitch to use algae to fuel cars.

He presented himself as the candidate of Wright, Edison and Henry Ford, “people who invented the modern world without government subsidies.”

He then moved on to the theme of the campaign, $2.50 a gallon gasoline.

That’s what the sign on the podium said.

Gingrich criticized Obama for praising Brazil for doing offshore drilling, while preventing it in United States waters.

He criticized Obama for his elation at convincing the Saudis to increase oil production, which Obama said would lower prices.

Then, Gingrich pounced.

If increased oil production in the Mideast would lower gasoline prices, why wouldn’t increased oil production here have the same effect.

And, of course, anyone with a rudimentary knowledge of the laws of supply and demand would know that.

So, the real question is whether the President should be “a purchasing agent” of oil abroad or someone trying to create jobs in the United States.

Gingrich pointed to North Dakota with its oil boom and 3.5% unemployment rate.

And he pointed to the drop in natural gas prices because of the huge new supply resulting from using the new technology of fracking.

A shot from the back of the Ray Plote airplane hanger.

Gingrich drew an analogy with oil prices, which may or may not be valid, because natural gas has a domestic use and distribution system, while oil prices are set on the world market.

He pointed out that in North Dakota alone, the recoverable oil was estimated to be 150 million barrels fifteen years ago.

Until last week, the new estimate was 4 billion barrels.

And within the last seven days the number has been increased to 24 billion barrels.

He predicted that within two years, when technology is developed to get oil from 800 feet down, the reserves would be estimated at 500 billion barrels.

Using his natural gas price drop analogy argument, he thinks that the price could go lower than the $2.50 a gallon pump price he is merchandising.

Besides North Dakota, he points to tremendouse acreage in Alaska and offshore drilling to provide additional supply.

The Presidential candidate argued that the Strategic Oil Reserve could do little to lower the price of gas.

Gingrich said his goal as President would be to make us energy self-sufficient.

He drew applause when he said, “I do not ever again want to see an American President bow down to a Saudi King. The Saudis are not our allies.”

At one point Gingrich read an attack on him by President Obama after Gingrich made fun of Obama’s having said that algae would help solve the energy problem.

“They make jokes about biofuels. They must have been founding members of the flat earth society.”

Gingrich’s reply was the Obama must belong “to the flat earth Sierra Club society.”

That brought a laugh from the audience.

= = = = =
A commenter adds something I didn’t put above:

After the speech Newt Gingrich and his wife Callista worked the front of the crowd.

I was at the airport and saw Newt and His lovely wife.Newt spoke on a lot of topics without a teleprompter and did not stumble over his words or use lots of Umms in between his thoughts.

Great Speaker!

Then his solution to eliminate the Federal Deficit is outstanding and the 300 or so people loved it too.

His solution is open federal lands for oil and take the oil royalties paid to Government and put them in a special account to pay off the deficit and not be used for other purposes.

There is a certain magnetism to a Presidential candidate.

The royalties are said to be worth 18 TRILLION dollars!

This program will make USA and energy supplier to the world and let us be energy independent! He got big applause for this.

I am very glad that my wife and I were able to see him live.

Very Impressive man!

I took lots of photos and got some very good ones.

Walsh Returns Cash to Treasury

February 01, 2012 By: Cal Skinner Category: Debt, Joe Walsh

A press release from Joe Walsh:

Rep. Walsh Returns Personal Budget Funds to U.S. Treasury

Joins Other Members in Requesting these Funds be Used to Pay Down the Debt

WASHINGTON- Congressman Joe Walsh (IL-8), along with seven colleagues, sent a letter to Speaker Boehner that requested the returned Members Representational Allowance (MRA) funds leftover from the first session of the 112th Congress be used to pay down the national debt.

From these eight offices [no others from Illinois], over $1.4 million in taxpayer money will be given back to the U.S. Treasury.

Each member is allocated roughly $1.5 million for their yearly office budget.

Walsh stated:

Joe Walsh

“Since day one, I promised to fight for lower taxes, less spending, and a balanced budget.

“The national debt has spiraled out of control and is now nearly the size of the entire U.S. economy.

“Americans have seen big government policies try to fix this problem, but big government is the problem.

“The place to start is at home, which is why I am giving back almost $200,000 in taxpayer funds that must be used to pay down the debt.

“One of my first votes as a member of Congress was to cut Congressional budgets by 5 percent.

“While that was a good start, I did not think that cut went far enough so I am giving almost 15 percent of my entire budget back to pay down the national debt.

“Every day we ask that the American people tighten their belt and it is time that we do the same.

“This is not our money, it’s the American taxpayer’s money and that is why I am proud to do my part in returning these funds.”

Manzullo Against Debt Limit Hike

January 13, 2012 By: Cal Skinner Category: Debt, Debt Ceiling, Don Manzullo

The following press release from Congressman Don Manzullo on the debt ceiling vote is the first from the four Members of Congress (Joe Walsh, Randy Hultgren, Peter Roskam and Manzullo) with an interest in McHenry County, present or future:

Manzullo to Oppose Debt Limit Increase

Don Manzullo

[WASHINGTON] – Congressman Don Manzullo (R-Egan) will oppose the President’s latest request for a $1.2 trillion increase in the national debt limit when it comes up for a vote in the House next week.

Manzullo, who wrote to Speaker John Boehner last month urging him to call Congress back into session if necessary to vote down the request, said it is time for the President and Congress to make the tough choices and get serious about cutting spending instead of continuing to borrow money and put America deeper and deeper in debt. The federal government currently borrows 42 cents on each dollar it spends, and the national debt recently surpassed $15 trillion.

Manzullo, who also opposed the President’s request for a $500 billion debt limit increase last September, said he was disappointed in the “super committee’s” failure to agree on significant spending cuts last November. Since he was first elected to office, Manzullo has voted nine times against increasing the debt limit.

“Enough is enough. In these difficult times, Americans have had to tighten their belts and learn to do more with less. Washington has to learn to do the same,” Manzullo said.

Tryon Shares Survey Results that Show Opposition to “Gaming Expansion”

December 14, 2011 By: Cal Skinner Category: Debt, Marijuana, Mike Tryon, Pension, Slot Machine, Slot Machines, Tax, Tax Hike, Video Poker

A press release from State Rep. Mike Tryon tells us the results of a recent poll.  When I asked I was told about 100 people participated.

Interestingly, one result is exactly the opposite of the way that Tryon voted.

He reports that his constituents said 69% to 30% that they did not want “gaming expansion.”  Think video poker/slot machines that Tryon and State Senator Pam Althoff supported.

State Rep. Mike Tryon Shares Constituent Survey Results

Mike Tryon

CRYSTAL LAKE…..State Representative Mike Tryon (R-Crystal Lake) has released results of a recent constituent survey. The survey was offered to residents through an insert in a local newspaper in the fall.

“Each year I survey my stakeholders about issues that affect Illinois,” Tryon said. “The results are a great tool that helps me better represent the 64th District when I’m in Springfield.”

The results are as follows:

(not all items add up to 100% due to responses outside of listed choices)

Question #1: Do you support borrowing or additional taxes to help balance the state’s budget, pay overdue bills and fund state services?

  • Support Borrowing: YES = 22% NO = 77%
  • Support Additional Taxes: YES = 25% NO = 74%

Questions #2: Which would you support in order to generate more revenue to help balance the state’s budget: cutting all new spending, freezing state employees’ salaries, cutting 10% from all state agencies, pension reform, or gambling expansion in Illinois?

  • Cut All New Spending Out of the Budget: YES = 31% NO =68%
  • Freeze State Employees’ Salaries: YES = 77% NO = 22%
  • Cut 10% From All State Agencies: YES = 76% NO = 23%
  • Pension Reform: YES = 80% NO = 20%
  • Gaming Expansion: YES = 30% NO = 69%  [Emphasis added.]

Question #3: List the top three issues that are currently important in your municipality.

(listed in the order of frequency listed on surveys)

  1. Taxes/Fees
  2. Economy
  3. Illinois Finances
  4. Public Services
  5. Transportation/Roads
  6. Political Issues (special interests, corruption, redistricting, term limits, partisanship, transparency)
  7. Other

Question #4: Would you support medical marijuana for people diagnosed with severe illness?

  • YES = 50%
  • CONDITIONAL YES = 24%
  • NO – 25%

Congressmen Send Comments on Reaching $15 Trillion Debt Level

November 16, 2011 By: Cal Skinner Category: Debt, Peter Roskam, Randy Hultgren

In the order in which the press releases were received:

Hultgren Statement on National Debt Reaching $15 Trillion

Randy Hultgren

Washington, DC – U.S. Rep. Randy Hultgren (IL-14) today released the following statement on the news that the national debt has reached $15 trillion.

“Today marks a sobering day in America, as our nation’s debt has reached an unprecedented $15 trillion,” said Hultgren. “This spending-driven debt crisis poses a grave threat to our country’s economic recovery, our national security and sovereignty, and the standard of living for future generations. Either we stop spending money we don’t have or we condemn our children and grandchildren to a bankrupt future they don’t deserve.

“This is why, tomorrow, I look forward to supporting a bold spending reform: a Balanced Budget Amendment to the U.S. Constitution. Spending pledges, caps, and commitments are always temporary because we have no way to hold future Congresses accountable. That’s why we need the permanent solution that a Balanced Budget Amendment will provide.

“As Ronald Reagan said in 1982, ‘Only a constitutional amendment will do the job. We’ve tried the carrot, and it failed. With the stick of a Balanced Budget Amendment, we can stop government squandering, overtaxing ways, and save our economy.’”

Roskam Statement on National Debt Hitting $15 Trillion

Peter Roskam

WASHINGTON – Chief Deputy Whip Peter Roskam (IL-06) issued the following statement after the US Treasury Department announced the national debt has reached $15 trillion for the first time ever.

“This is a sad day for our country and the latest wake-up call to Washington that it’s time to change the way business is done. Now more than ever we need to pass a Balanced Budget Amendment to cut up Washington’s credit card – an opportunity the House will have later this week. If we don’t manage our debt now, our debt will forever manage us.

“America had an irresponsible amount of debt before 2009, yet President Obama’s policies have made things unmistakably worse. Since his inauguration the national debt has skyrocketed: $4.4 trillion added in under three years, a 41% increase.

“That level of fiscal irresponsibility not only hurts job growth in this economy, it also threatens future generations’ wellbeing. I urge President Obama and many congressional Democrats to reconsider their opposition to the bipartisan Balanced Budget Amendment – a proven tool that would stop Washington’s spending problem.”

Pete Roskam Reacts to President’s Debt Plan

September 19, 2011 By: Cal Skinner Category: Barack Obama, Debt, Peter Roskam

A press release from Congressman Peter Roskam:

Roskam Statement on Obama’s Debt Plan

WASHINGTON, DC – Congressman Peter Roskam (IL-06), issued the following statement in response to the President’s debt plan:

Peter Roskam

“It is disappointing that with our economy on the verge of a double-dip recession President Obama is proposing trillions in higher taxes.

“Small businesses are already begging for mercy from Washington’s high tax and regulatory environment.

“Higher taxes – and the uncertainty caused by the threat of them – is the last thing American small businesses and job creators need to endure.

“It’s unfortunate but this latest proposal is predictably sad and sadly predictable from an Administration that has

  • over-taxed,
  • over-regulated, and
  • over-spent

our way to nine-percent unemployment and $14 trillion in debt.”

BACKGROUND:

In August 2009, President Obama Said “You Don’t Raise Taxes in a Recession.” President Obama: “So I guess what I’d say to Scott is – his economics are right. You don’t raise taxes in a recession. We haven’t raised taxes in a recession.” (Interview with NBC News, 08/05/09, Elkhart, Ind.)

Half of All Net Business Income is Taxes in the Upper Two Individual Income Tax Brackets According to a Non-Partisan Tax Committee. (Joint Committee on Taxation, July 14, 2010)

Why Congressman Randy Hultgren Voted for Debt Ceiling Bill

July 30, 2011 By: Cal Skinner Category: Debt, Debt Ceiling, Joe Walsh, Randy Hultgren

This is 14th District Congressman Randy Hultgren’s press release on his debt ceiling bill vote. Since he and Joe Walsh may be running against each other in the 14th District, I thought you might want to compare it with Walsh’s.

Randy Hultgren

Hultgren: “Bill Still Not Perfect, But I Will Support It.”

Friday July 29, 2011

Washington, D.C. – U.S. Rep. Randy Hultgren (IL-14) today released the following statement in support of Speaker Boehner’s revised Budget Control Act.

“Last night, Speaker Boehner postponed the vote on the Budget Control Act because it did not have enough support to pass the House,” said Hultgren. “What we saw last night was an indication of how we have been able to change the atmosphere in Washington – our leaders weren’t trying to buy votes with pork projects and earmarks, and instead focused on making their case on the merits of the bill itself.

“So today, Speaker Boehner announced his plans to revise the proposal. I will vote for the revised version of the Budget Control Act and I admit that it is not perfect; however, the unwillingness of some members in this chamber, and of Senator Reid and his Democrat colleagues, to support more sweeping fiscal reform leaves me no choice.

“Moreover, there has been an absolute failure of leadership on the part of President Obama. Time and again, he has refused to give up his demands for job-crushing tax hikes, and has refused to acknowledge the simple reality that this country has a spending problem, not a revenue problem.

“The alternative is a default on our national debt, and that is absolutely unacceptable to me. Not only will a default be devastating for our economy – for small business owners, for homeowners, and for all Americans – it will empower President Obama and Secretary Geithner to make decisions about spending that are rightly the purview of Congress. Senator Reid and his party must pass this bill immediately, and send it to President Obama to ensure that we do not default.”