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Monthly Archives: January 2012

…to keep the economy in the crapper for as long as possible. More great economic news from the Congressional Budget Office (via The Hill):

The Congressional Budget Office on Tuesday predicted the deficit will rise to $1.08 trillion in 2012.  The office also projected the jobless rate would rise to 8.9 percent by the end of 2012, and to 9.2 percent in 2013.  These are much dimmer forecasts than in CBO’s last report in August, when the office projected a $973 billion deficit. The report reflects weaker corporate tax revenue and the extension for two months of the payroll tax holiday.

A rising deficit and unemployment rate would hamper President Obama’s reelection effort, which in recent weeks has seemed to be on stronger footing.  If the CBO estimate is correct, it would mean that the United States recorded a deficit of more than $1 trillion for every year of Obama’s first term.  

CBO Director Doug Elmendorf told reporters that Congress will have to make important choices this year regarding the supercommittee trigger and tax policy that will have huge effects on the deficit. While unable to recommend choices, Elmendorf said that addressing the deficit sooner rather than later is easier.

The deficit was $1.4 trillion in 2009, $1.3 trillion in 2010 and $1.3 trillion in 2011. The largest deficit recorded before that was $458 billion in 2008. CBO had forecast an 8.5 percent unemployment rate for the end of 2012 in its August report. It now expects the jobless rate to be higher and to still be at 7 percent in 2015.

January 2013 can’t come fast enough.

Various race-baiting demagoguers have stated it’s raaaaacist to call Barry the Petulant Boy-King Obama the “food stamp president,” as Newt Gingrich did in a couple of the Republican debates. If he’s not the food stamp president, then what of this story from Big Government?

Over the last three years, the number of Americans on food stamps has skyrocketed by two-thirds and stands at a record-high 46 million citizens, or one out of every seven people in the United States.  Despite the historic rise in food stamp use, however, the Obama Administration believes not enough people are receiving food stamps who should be and is offering $75,000 grants to groups who devise “effective strategies” to “increase program participation” among those who have yet to sign up.

The U.S. Department of Agriculture’s website singles out Hispanics and elderly Americans as groups who often fail to enroll in the food stamp program (officially known as the Supplemental Nutrition Assistance Program, or SNAP) and says  that one of the contributing factors that must be overcome to get more people to sign up for SNAP benefits is individual “pride”:

There are many reasons why eligible people, including seniors and Hispanics, do not participate in the SNAP. These include unawareness of eligibility, confusion about program rules and requirements, a complex application process, and a lack of transportation and pride.

To reduce these “barriers” to food stamp enrollment, the Department of Agriculture offers non-profit groups the chance to receive $75,000 grants for projects designed to boost food stamp participation among those who are eligible but have yet to sign up.  The Department of Agriculture believes that the SNAP program is “severely underutilized” and says that 33 percent more Americans who are eligible to receive food stamps have yet to apply, thus the need to offer federal grants to sign more citizens up.

If you read on in the article, you’ll see that various idiot liberals think handing out food stamps is “economic stimulation.” Sigh.