Still Waiting For That Pony

Daily Caller:

Republican activists laughed at President’s Barack Obama’s claim that his new laundry list of spending programs won’t add 10 cents to the deficit.

“Nothing I’m proposing tonight should increase our deficit by a single dime,” Obama told the nation during his 2013 State Of The Union speech.

His list of proposed programs include a national pre-school program, government aid in getting low-interest mortgages to millions of homeowners, a project to repair houses, more job-training programs and an increase in the minimum wage.

The GOP reacted promptly to Obama’s speech, which began at 9.00 pm. EST.

“FYI, Obama is right, he hasn’t added a single dime to the debt, he’s added 58.6 trillion dimes,” said a 9.41 p.m. message from Joe Pounder, the research chief at the Republican National Committee.

The committee quickly released a video showing Obama’s repeated claims that his policies would not cost a dime, and contrasting those claims with the $5.8 trillion in new debt created during Obama’s first four years.

However, Obama suggested that his extra spending will be offset by increased taxes, and should not increase the government’s near-$1 trillion annual deficit.


Obama is promising magic beans and unicorns covered in fairy dust. I’m still waiting for that pony he promised us the first time. Not that I ever believed him.

Unfortunately the Republicans threw away all their credibility on fiscal matters during the Reagan-Bush-Bush II years. I don’t think either party really wants to reform the federal budget, they just don’t want to be the ones left holding the bag when the fit hits the Shan.

You can hardly blame them. Telling voters the truth is not good for a politician’s career. Just ask Mitt Romney.

Both sides posture and pose, then cravenly kick the can down the road. Are they just postponing the inevitable or do they really think the damn horse will eventually learn to sing?

We need government. Correction: We need good government. We need cops and teachers and soldiers and sailors. We need inspectors and tax collectors. And bless their hearts we need bureaucrats too.

There are things that the government must do. There are things that government should do. There are things that government can do. And there are things the government has no business doing.

But nothing is free. Among the issues we need to discuss are how much government do we need, how much government do we want, and most importantly how much government can we afford?

Reasonable people can disagree. But there is a moral hazard problem when voters can vote themselves benefits and shove the costs off onto someone else. It’s kinda like going to a casino with someone else’s money and being told you can keep your winnings but don’t have to repay your losses.

“Real ponies don’t oink” – Patrick F. McManus

About Myiq2xu - BA, JD, FJB

I was born and raised in a different country - America. I don't know what this place is.
This entry was posted in Federal Deficit, National Debt and tagged , . Bookmark the permalink.

73 Responses to Still Waiting For That Pony

  1. Mary says:

    He’s so fulla shit.

    Even Krugman is admitting that down the road, these costs will require higher sales taxes (or a VAT) and death panels.

    • myiq2xu says:

      There are some scenarios that are relatively painless. But they depend on an extended period of above-average prosperity.

      • yttik says:

        My state is learning that you cannot simply raise taxes to increase government revenue. They decided to raise money by charging people to enter our state parks. People have simply stopped going to the parks. They were supposedly going to raise 68 million. They’ve only gotten 15 million and lost millions more in lost camping fees, lost vendors, all the business and revenue that used to come from camping and tourism. The loss of campers has also shut down the mom and pop stores that sold firewood and soda. Now those taxes are gone too, and so it goes, this whole chain reaction because the Gov got too greedy.

        • myiq2xu says:

          Because of Prop 13 our state and local governments are perpetually short on cash and can’t raise taxes. So they raised fees on everything. They raised them A LOT.

          Rather than pay sky-high fees at the county landfill people dump stuff on the side of country roads. Then the county has to pay a crew to go pick the stuff up and take it to the dump.

        • wmcb says:

          Since the early 50’s, tax revenue averages about 18% of GDP. That is true whatever the marginal tax rates. Whether top tax rates are 70% or 20%, doesn’t matter. There seems to be a natural cutoff (due to factors like you listed) at around 18%. You just cannot squeeze more blood from the stone after that.

          A sensible approach would be to say: “Okay, so we can responsibly spend roughly 18% *or less* of GDP. Like it or not, that is how much money we have in reality. So let’s prioritize and spend it wisely – and no, we are NOT going to get everything that everyone wants.”

  2. HELENK says:

    the only part of the pony that the American people will get is what is left behind to shovel and does not smell like a rose

  3. yttik says:

    “But there is a moral hazard problem when voters can vote themselves benefits and shove the costs off onto someone else….”

    Yes, but have poor, working class, middle class voters, actually gotten anything for their votes?? That’s the part that astounds me, people keep talking about how much money Obama has spent “helping the poor” and yet I’ve never met a single person who has actually received anything. “Obama phones” is the closest I’ve heard and those actually came from President Bush.

    When Clinton was in office, I heard it all the time. “Thank Clinton for this daycare grant, thank Clinton for this small business loan, thank Clinton for earned income credit, thank Clinton for the home office deduction, thank Clinton for child support…..” People actually received things that were a direct result of the President and congress passing policies. Today all I hear is how food stamps have been cut, energy assistance is gone, my rent went up, groceries cost more, medicaid/medicare doesn’t cover anything anymore..etc etc.

    • myiq2xu says:

      Obama doesn’t keep his promises. People voted for free ponies, but all they’re gonna get is horseshit.

    • Mary says:

      Obama’s sequester is gonna make that even worse.

      And yes, it’s Obama’s sequester. He and Jack Lew suggested the idea last year. Unfortunately for Obama, his Democratically held Senate has yet to pass a budget –and Obama is late in proposing one.

    • votermom says:

      I was grateful to Clinton for the FMLA

      • Somebody says:

        Me too votermom. Because of FMLA my husband could be at the clinic or hospital when our daughter had chemo. He was also able to be at the hospital 24/7 during the more serious admissions to the hospital.

        I am thankful, thankful, thankful that I didn’t have to go through all of that nightmare alone!

        Trust me without FMLA he wouldn’t have been there for any of it. As it was his supervisor would not let him off work when she was diagnosed…….and my husband works for the federal government. He had to get paperwork from our daughter’s oncologist confirming her diagnosis, then it had to go up through the chain of command and back down. That took weeks, so he wasn’t around much during those early, quite literally critical days. Yep, when he called work to tell his supervisor his child had just been diagnosed with cancer and he’d probably be off at least a few days; his supervisor said “Sorry about your kid, be here for your assigned shift or face discipline”. The supervisor then went on to tell him he couldn’t take FMLA until all the i’s were dotted and t’s crossed. Hell of a guy that bastard!

        • insanelysane says:

          But.. the system worked.
          You dotted the i’s and dad got to be a dad when it most matters.
          As a taxpayer, I am glad for gov’t oversight, as long as it is focused and relevant.

          Hope that your daughter is winning that cancer battle.
          FMLA seems like good policy.
          Good policy, now, I haven’t seen good policy in a decade!

        • votermom says:

          I hope your daughter is ok?
          Your husband’s supe sounds like a git. I hope your husband gets a better boss soon.

  4. DeniseVB says:

    I had an epiphany today about my dislike for Obama. It’s definitely NOT racist. Anyhoo, I was thinking back to 2008, early in the primary season after Edwards dropped out, I was prepared to support whoever the Dem candidate was. By the time Obama “stole” the nomination, I already LOATHED his supporters.

    Obama’s a knucklehead President, much worse than W and Carter, there is no there there. Even our previous “flawed” presidents had some redeeming quality. Obama makes me miss Nixon, if we only had the pressure cooker media today that he had.

  5. myiq2xu says:

  6. myiq2xu says:

  7. DeniseVB says:

    OMGoodness, I love this man more everyday …..

    …..but he must be destroyed………sound familiar ?

  8. myiq2xu says:

  9. about that pony myiq—–there so much manure everywhere that there has got to be a pony nearby…….

  10. HELENK says:

    a giant WTF
    In California your “doctor” may longer be a medical school graduate.
    wow I feel so secure NOT

  11. SHV says:

    The future for Dear Leader’s society:

    “Feb. 13, 2013 — A team of political scientists and neuroscientists has shown that liberals and conservatives use different parts of the brain when they make risky decisions, and these regions can be used to predict which political party a person prefers. The new study suggests that while genetics or parental influence may play a significant role, being a Republican or Democrat changes how the brain functions.”

    Political/social reliability determined by brain scan.

    • yttik says:

      Maybe they’ll create a vaccine or something.

    • myiq2xu says:

      I got a brain scan once. The last thing you want to hear when you are getting one is “Holy moly! Jim, come look at this! Have you ever seen anything like that before?”

      • myiq2xu says:

        When I asked what was wrong the tech said “Oh, it’s probably nothing”

        • That’s how I didn’t find out I was pregnant. I thought I had ovarian cancer, and had forgotten the one time I’d had sex in the previous two months. Insisted I couldn’t be pregnant. They did an ultasound and then trotted in about 7 interns to check out the freaky girl who was in denial. Left not knowing I was pregnant. Found out a month later.

        • Somebody says:


          I had a bunch of testing on my brain once, because they thought I had an aneurysm. They told me I was unusual because I use both sides of my brain. I haven’t figured out if that is a good thing or a bad thing. Maybe I’m twice as smart or maybe I’m so stupid I have to use more of my brain to function.

  12. DeniseVB says:

    BO’s taking a vacay over President’s Weekend. To Palm Beach Florida! No mention of the family going with him.

    Glad he’s getting a much needed break from governing 24/7, huh?

    It’s been a little over a month since his last vacay in Hawaii. Must be nice. The comments at the link are precious, especially the one who lives in Palm Beach and worried about losing money during the height of their snowbird season. Way to connect with the middle class ‘Bam.

  13. DeniseVB says:

    More news about the only Dem I like …..

    Un-fu*king-believable. First he was told not to run against Christie for Gov, now NO to challenging a 90-year-old incumbent for the Senate?

    Run Cory Run …. away from the Dems! Ugh.

    • Somebody says:

      No 90 year old should be running for re-election. At some point it is time to retire and I don’t think I’m being an ageist to suggest at 90 it is time to retire.

  14. myiq2xu says:

    Confession: I don’t “get” Angelina Jolie. Not a big fan of Johnny Depp either.

  15. Totally off topic, but I thought some of the ladies here might enjoy this:

    I just ordered 7 for my trip home next month.

  16. wmcb says:

    That awkward moment when you find your husband rubbing oil all over a raw chicken, and he tells you he’s about to “try something exciting and new with this and my sausage!”

  17. swanspirit says:

    another awkward / scary moment ,when an asteroid passes closer to the earth than the moon ; view the graphic here

  18. yttik says:

    There’s a guy in Seattle that has attacked four women. What’s kind of good about it is that four women have now kicked his ass and chased him off.

    If he tries it again I hope the next one knocks him out so the cops can scoop him up.

  19. myiq2xu says:

    That awkward moment when you are parked in front of her house and just as you are sliding into third her police detective SGT father walks up to your car.

    Did I mention she was 14 and I was 16?

    That was my first near-death experience. Sometimes I wonder how I managed to live this long.

  20. myiq2xu says:

  21. westcoaster says:

    cartoon about the Pope stepping down –

Comments are closed.