Why Bill Cheats.....

1. Somewhere in Arkansas, there's an ugly tree with a pile of branches at the bottom.

2. "Sorry about the hair, I accidentally hit the overcharge button again."

3. Hillary greets her usual welcoming committee of villagers with torches and pitchforks.

4. Rush Limbaugh's quotation about feminism proven once again.

5. So, that's why they call it a Moo-moo.

Obama’s Lying Demagoguery About Social Security

Of course, it might not be lying demagoguery, it could be ignorance; with Obama that question is always present. Obama says that if August 2 arrives without raising the debt ceiling, Social Security checks may not go out. Law professor Michael McConnell, a former federal appellate judge, explains why Obama is wrong:


The Social Security trust fund holds about $2.4 trillion in U.S. Treasury bonds, which its trustees are legally entitled to redeem whenever Social Security is running a current account deficit. Thus, if we reach the debt ceiling (which I continue to think is a remote prospect, even if less remote than it seemed a week ago), this is what will happen. The Social Security trust fund will go to Treasury and cash in some of its securities, using the proceeds to send checks to recipients. Each dollar of debt that is redeemed will lower the outstanding public debt by a dollar. That enables the Treasury to borrow another dollar, without violating the debt ceiling. The debt ceiling is not a prohibition on borrowing new money; it is a prohibition on increasing the total level of public indebtedness. If Social Security cashes in some of its bonds, the Treasury can borrow that same amount of money from someone else.
…

President Obama is therefore wrong when he says that failure to raise the debt ceiling might result in not sending out Social Security checks.

What do you think the chances are that, having been corrected, Obama will retract his contemptible effort to scare the elderly? I know, just kidding.

Debt Vote Flashback: Every Single Dem Voted Against Raising the Debt in 2006

Every democrat voted “no” including Obama.
Drudge just posted this debt vote reminder from 5 years ago.
EVERY SINGLE Democrat opposed raising the debt limit when George W. Bush was president.

It’s funny how things change when there’s a new occupant in the White House, huh

Petuland Man-Child Storms Out of Debt Meetings....

Too bad to check: Project Gunrunner was funded by … the stimulus

posted at 9:30 pm on July 7, 2011 by Allahpundit
printer-friendly

I really did think it was too bad to check, despite posts about it at PJM, Weasel Zippers, and Free Republic. But I checked. You’ll find complete PDF and text versions of the final stimulus bill right here. Scroll down to page 16 (of 407!) in the PDF version and behold:


For an additional amount for ‘‘State and Local Law Enforcement Assistance’’, $40,000,000, for competitive grants to provide assistance and equipment to local law enforcement along the Southern border and in High-Intensity Drug Trafficking Areas to combat criminal narcotics activity stemming from the Southern border, of which $10,000,000 shall be transferred to ‘‘Bureau of Alcohol, Tobacco, Firearms and Explosives, Salaries and Expenses’’ for the ATF Project Gunrunner.


And to think, you guys say the stimulus didn’t produce anything. It produced guns for Mexican drug cartels, didn’t it? Says Ben Domenech, in a stroke of perfect black humor: “Shovel ready.”

Actually, as Ed reminds me via e-mail, this is old news. The boss emeritus was all over the stimulus angle to Gunrunner back in March. But since only recently has this story really begun to bubble, replete with growing big-media interest, stuff we already knew is becoming stuff we forgot and then remembered and became horrified at all over again. Rather than have me bore you here, then, take five minutes and read Michelle’s post. The One was asked about Operation Fast and Furious at the time — which is under the umbrella of Gunrunner — and insisted that neither he nor Holder authorized it. In that case, I’m really looking forward to finding out which member(s) of Congress decided to earmark $10 million for Gunrunner and what they thought would be done with the money. Someone in the executive branch must have requested the funding for the ATF. Who?

See what happens when Congress doesn’t read the bills?

From the way back machine, a post from 07/08/09

I wonder if the issue of a central bank account is addressed in this new book? You know like the one where all owners contribute their respective share of the cottage expenses and then usually one owner or another will be responsible for the distribution of the funds for the various bills that occur. Kind of like our arraignment. For over 10 years now, Stu, Katy, David and mother all contribute their respective share of the expenses , and one check is written from a JOINT account. I would have to think this topic is covered, because it can and has become an issue. Especially when one lets others think they are paying all the bills. A side benefit is everyone has a record of their financial activity, everyone!