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Posts Tagged ‘government spending’

Greek Islands Property For Sale…To Turkey

by 1389AD ( 1 Comment › )
Filed under Economy, Europe, Special Report, Turkey at June 7th, 2011 - 4:00 pm

Waving Greek flag

Any country that borrows too much money risks losing its sovereignty to its enemies, in more ways than it ever could have expected.

Protesters take over Finance Ministry as Athens granted more cash

(h/t: C. Cantoni at Gates of Vienna)

Protesters took over the Finance Ministry building in Athens on Friday, hanging a giant banner from the roof calling for a general strike, as Greece wrapped up tough negotiations with international officials and succeeded in being granted the next multi-billion-euro installment from its bailout package.

About 200 protesters blockaded the entrance to the ministry from dawn, preventing employees from entering, the Associated Press reported. They hung a banner draping five floors in front of the building and took down the European Union flag from the top of the ministry.

The protest came as experts from the EU, European Central Bank and International Monetary Fund, or IMF, were wrapping up a review of Greece’s implementation of economic reforms in return for 110 billion euros ($159.06 billion) in rescue loans from the EU and IMF.

The three bodies, known as the troika, decided in favor of granting Greece its fifth tranche, worth 12 billion euros, of bailout loans agreed last year.

The nearly month-long inspection of Greek finances by the troika concluded “positively” on Friday, the country’s Finance Ministry said, according to the Associated Press.

Greece has removed obstacles on foreigners willing to purchase real estate in border regions, according to Milliyet newspaper. The newspaper said Friday that those who are not a citizen of an EU country will also be able to buy property in the border regions of Greece, without receiving pre-authorization from the Defense Ministry. The approval for such sales will be given by local committees, Milliyet said. [emphasis added]

Islands across Turkey’s Aegean shores are defined as within the “border region” of Greece, according to laws that regulate the purchase and sale of properties. Turkish citizens can now buy property in the islands, Milliyet reported.

Greece has so far received 53 billion euros from its rescue deal since it first started tapping into the international bailout package in May last year.

More here.

randian left this comment:

In particular, some of the islands in the Aegean coast area were reclassified so that Turks could buy property there.

The EU seems to have forgotten that not so long ago Turkey once conquered Greece.

I’ve said several times on this forum that I thought Turkey would invade Greece again, I just never thought they’d be doing it with EU permission.

6/06/2011 4:31 AM

Indeed.


Common Sense on US Federal Debt Limits

by 1389AD ( 134 Comments › )
Filed under Barack Obama, Economy, Elections 2010 at June 6th, 2011 - 8:30 am

Congressman Allen West (R-FL-22)

Congressman West Statement on the Debt Ceiling Vote

(WASHINGTON)– Congressman Allen West (FL-22) released this statement tonight after he voted “no” on H.R. 1954 to implement the President’s request to increase the statutory limit on the public debt:

“Tonight I did what I stated I would do when I ran for the House of Representatives. I voted against increasing a debt ceiling absent of spending control measures to right our fiscal ship of state.

Over the past two years, President Obama and Congressional Democrats have overseen the largest budget deficits in the history of the United States. Senate Majority Leader Harry Reid chastised the Republicans and President George W. Bush in 2006 when he stated, ‘Most Americans know that increasing the debt is the last thing we should be doing…any credible economist would tell you we should be reducing debt, not increasing it.’

When the United States Congress was faced with raising the debt ceiling in 2006 Senator Barack Obama stated, ‘The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.’

I stated tonight that I will not vote for this debt increase unless all of the following criteria are met or included in the final bill that would aim to raise the debt limit:

• The United States Congress must pass a Balanced Budget Amendment to the Constitution of the United States.

• A failsafe trigger mechanism must be put in place that would automatically cut spending if we reach a set percentage limit towards hitting the debt ceiling.

• Federal spending as part of the GDP must be capped at 18-20%.

• Congress must lower the corporate tax rate for American businesses by at least 10% before any vote on raising the debt limit is considered.

The American people sent a Republican Majority to the House of Representatives to reduce spending and put our country on a sustainable financial footing. If I were to close my eyes, abandon my principles, and vote yes to raising the debt limit, Congress would continue to spend the taxpayers’ money without a clear plan to reduce our long term debt. We do not have a revenue problem in Washington – the facts are clear – we have a spending problem.”

* Attached here is the entire Statement for the Congressional Record.


The GAO Government Waste Report

by coldwarrior ( 115 Comments › )
Filed under Economy, government, Politics, Regulation at March 2nd, 2011 - 11:30 am

Sometimes you have to lift your head up out of the dust and grime and work of the day and yell:

FREEZE!!!

and then take a survey or a snapshot of what is actually going on in your organization…perhaps actually answer the questions: Does the right hand know what the left hand is doing? Has this organization spun out of control? Does anyone have any idea what is going on here? Where in the name of the All-Seeing-Almighty-Comptroller is all of the money going???

Well, the Good Senator From Oklahoma, Tom Coburn, R (of course), yelled

FREEZE!!!

and then he ordered the GAO to answer the above questions.

Perhaps he was the only sane person in the room; the only one that had the clarity of vision to take a step back.

So this, From ‘The Corner’ at NRO by Andrew Stiles as background:

The GAO study, which was mandated by an amendment that Sen. Tom Coburn (R., Okla.) attached to last year’s debt-limit resolution, did not provide an exact dollar figure as to how much money the government was potentially wasting, but Coburn estimated it could be as much as $200 billion. He said the report had identified “the mother lode of government waste.”

“This report confirms what most Americans assume about their government,” Coburn said in a statement. “We are spending trillions of dollars every year and nobody knows what we are doing. The executive branch doesn’t know. The congressional branch doesn’t know. Nobody knows.”

On Monday, before the report was made public, Coburn predicted that the findings would “make us all look like jackasses,” and would contain enough actionable information “keep Congress busy for the rest of the year.”

He continues with some highlights:

* Eight federal agencies oversee 80 programs to provide “transportation for the transportation disadvantaged.” The GAO could not determined a cost estimate for these programs because the agencies “often do not separately track transportation costs from other program costs.” However, 23 of these programs were allotted $1.7 billion in 2009.
* Two separate bureaus within the State Department received close to $80 billion in 2010 for “Arms Control and Nonproliferation.” The reports found significant redundancy, noting that a guiding document to outline the role and responsibilities of these bureaus “has never been drafted and approved.”
* The Department of Transportation funds more than 100 “surface transportation” programs overseen by five individual agencies (and 6,000 employees) at an annual cost of nearly $60 billion. According to the report: “The current approach to surface transportation was established in 1956 to build the Interstate Highway System, but has not evolved to reflect current priorities in transportation planning.”
* Federal data centers, which grew in number from 432 in 1998 to more than 2,000 in 2010, cost up to $450 million annually. The federal government could save between $150 billion and $200 billion over the next decade simply by consolidating these centers.
* Twenty federal agencies runs 56 programs designed to promote “financial literacy,” but, ironically enough, no one has any idea how much these programs actually cost, because “most federal agencies do not have an estimate for spending on ‘financial literacy’ per se.”
* Nine federal agencies operate 47 job-training programs, 44 of which overlap with at least one other program. These programs cost $18 billion in 2009, but GAO found that due to their duplicative nature, “little is known about [their] effectiveness.
* Ten agencies oversee 82 distinct programs on “teacher quality” at an annual cost of more than $4 billion. The report discovered that “there is no government wide strategy to minimize fragmentation, overlap or duplication among these many programs.”
* Fifteen federal agencies administer over 30 food-related laws to the tune of $1.6 billion annually. GAO discovered that “seafood oversight,” normally performed by the FDA, had been split by recent legislation that assigned responsibility for monitoring catfish to the U.S. Department of Agriculture.
* Domestic ethanol tax credits, totaling close to $6 billion, are “largely unneeded today to ensure demand for domestic ethanol production.”
* More than 170 tax expenditures — in the form of tax exclusions, credits, deductions, deferrals, and preferential tax rates — account for almost $1 trillion.
* At least five departments, eight agencies, and more than two dozen presidential appointees have been tasked with coordinating an effective defense again a biological terror attack, at a cost of $6.5 billion. However, the report concludes: “There is no national plan . . . and the United States lacks the technical and operational capabilities required for an adequate response.”

Well, for those of you brave souls and those of you who love a good report:

THE FULL GAO REPORT IS RIGHT HERE!

Have a ball.

.

Here is a nice graph of 2010 expenditures

Bill Would Free Tennessee Children From Teachers’ Unions

by 1389AD ( 201 Comments › )
Filed under Diary of Daedalus, Education, LGF, Republican Party at February 3rd, 2011 - 6:30 pm

Legislators in the State of Tennessee are taking the first steps to free their taxpayers, and more importantly, their children, from being held hostage to the teachers’ unions. I, for one, hope that all fifty States will follow, and the sooner the better!

If you agree, please contact your own State legislators!

Tennessee State Flag

As an aside, I can’t wait to see how the infamous libelblogger Charles Johnson of Little Green Footballs will react to this attempt to roll back the progressive assault on our liberties. I am still laughing about his Tennessee Boer delusional moment, in which CJ thought he saw a neo-Nazi flag at a Tea Party rally – which turned out to be the flag of the State of Tennessee. CJ apparently mistook it for the flag of the Afrikaner Weerstandsbeweging. Yes, that’s mighty farfetched, but then, malignant narcissists see only what they want to see, not what the rest of us see.

Bill would put taxpayers back in charge of public education

(h/t: Iron Fist)

It looks like the leaders of the Tennessee Education Association are in for some sleepless nights.

But education reformers, taxpayers, parents and many dedicated teachers are celebrating the news that two Tennessee lawmakers have filed the initial paperwork to introduce a bill that would effectively eliminate teacher unions in the Volunteer State.

Even though Tennessee is a “right to work” state, state law gives public school teachers the right to collectively bargain with their local school board over issues such as working conditions, salaries and fringe benefits. No other public sector employees (such as firemen or police officers) have that privilege.

House Bill 130, sponsored by Rep. Debra Maggart, a Republican who represents Hendersonville, Gallatin and portions of Goodlettsville, and Rep. Glen Casada, Republican from College Grove, would prohibit “any local board of education from negotiating with a professional employees’ organization or teachers’ union concerning the terms or conditions of professional service on or after the effective date of this bill.”
In plain English, the bill would put the taxpayers back in charge of public education. Cash-strapped local school boards would be able to make spending decisions based on what’s best for children, instead of what will keep adult employees happy.
[…]
It would also give individual teachers the ability to negotiate directly with their administrators and school board. Teacher unions say that unionization is necessary for educators to be treated as professionals. The exact opposite is true. True professionals want to be rewarded for their individual performance, whereas the union’s fixation on tenure protection and seniority rules have the effect of treating teachers as interchangeable workers, no better and no worse than any other.

It terms of serious education reform, it appears that HB 130 is the tip of a very large iceberg. This group of state legislators also wants to end the practice of withholding union dues from teacher paychecks, and loosen the union’s power to appoint members to state boards.

Read it all.