Obama threatens to veto Republican cuts

Someone is itching for a showdown.

The Hill: The Obama administration on Tuesday threatened to veto the House GOP's measure funding the federal government. In a statement of administration policy, the Office of Management and Budget said cuts included in the Republican continuing resolution would hamstring the U.S. economy and compromise national security.

"If the president is presented with a bill that undermines critical priorities or national security through funding levels or restrictions, contains earmarks or curtails the drivers of long-term economic growth and job creation while continuing to burden future generations with deficits, the president will veto the bill," the statement said. 

The White House said the cuts in the GOP plan "will undermine our ability to out-educate, out-build, and out-innovate the rest of the world."

The statement said the GOP proposal goes too far and "proposes cuts that would sharply undermine core government functions and investments key to economic growth and job creation, and would reduce funding for the Department of Defense to a level that would leave the department without the resources and flexibility needed to meet vital military requirements."

Are you kidding me? Does anyone in their right mind thinks that $61 billion in cuts from a $3 trillion + dollar budget would even be noticed?  The only people who will fall for this BS are Kool Aid guzzlers, the mathematically challenged and the mentally retarded.  There simply isn't anyway to take the administration's line of thinking seriously.

Now is the time for Republicans to skip the polite parlor talk.  If Obama is hell bent of spending money we don't have, then it is time for Republicans to channel their inner Alan Grayson and simply say: "Obama wants to bankrupt the nation".  There is little reason to be coy about it.  Something tells me that someone on Facebook will say it pretty soon.

Via: Memeorandum

Via: The Hill

Chris “Two Stones” Cristie vetoes Millionaire Tax in 2 minutes flat

If you heard a large clanging sound coming from New Jersey, it was Governor Chris “Two Stones” Cristie throwing down his first veto. 

New Jersey Online: TRENTON — It took about two minutes from the time Senate President Steve Sweeney certified the passage of the millionaires tax package for Gov. Chris Christie to veto the bills at his desk.

"While I have little doubt that the sponsors and supporters of this bill sincerely believe that the state can tax its way out of this financial crisis, I believe that this bill does nothing more than repeat the failed, irresponsible and unsustainable fiscal policies of the past," wrote Christie in his veto statement. "Now is not the time for more of the same. Ultimately, another tax increase will punish the state’s struggling small businesses and set our economy further back from recovery."

After the state Senate passed the bill, which had already passed the Assembly, Sweeney walked the bills down the hallways of the Statehouse, from the state Senate chambers to the governor's office. Once inside, he handed the bills to Christie, who was waiting. 

"What took you so long ?" asked Christie spokesman Michael Drewniak.

Christie sat at a wooden desk emblazoned with the seal of the state of New Jersey and swiftly signed vetoes.

"We'll be back, governor," said Sweeney.

"Alright, we'll see," said Christie. 

Democrats would need two-thirds majority in both houses of the Legislature to override the veto. 

"This is something we're not going away on," said Sweeney. "This isn't theater, this isn't a gimmick." 

Yes, this is theater and it is a gimmick. The Democrats do not have the votes to override his vetoes, so they simply go though this drama so that they can make campaign commercials saying Cristie sides with the rich.

This will give you some idea of the madness here, New Jersey use to be the number one state with the most millionaires. Not anymore, many have used their money to flee to tax friendlier states and along with their money go opportunity for private sector employment.

Less than a year ago, Trenton tried to balance the budget with almost $1 billion in new taxes, yet here they are again looking for more. At some point the light bulb must come on and NJ lawmakers must realize that they cannot spend forever. 

'Millionaires tax' bills pass both houses, but is vetoed by Gov. Christie

Via: Memeorandum

Via: New Jersey Online

Via: The New York Times