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Budget not worth the wait

March 28, 2013

Well, it wasn’t worth the wait. The budget approved this past Saturday by the U.S. Senate, that is. Under Democrat control, the Senate has not approved a budget in four years....

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Mar-28-13 10:15 AM

Economic recovery?

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Mar-28-13 10:17 AM

Backward math!

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Mar-28-13 10:49 AM

Typical right wing biased article.

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Mar-28-13 11:12 PM

rajiihammr: Actually the FY 2009 budget was signed by President Obama on March 11, 2009. If you recall the Democrats controlled both branches of Congress, and President Bush said he would veto budget if it included bloated deficit spending, so they waited until President Bush was out of office to submit the budget.

The budget President Bush submitted to Congress had total expenditures of $3.107 trillion and deficit spending at $407 billion, but the budget that President Obama signed had total expenditures of $3.518 trillion and deficit spending of $1.413 trillion. www[dot]gpoaccess[dot]gov/USbudget/fy09/hist

The irony this is the same budget that then Senators Obama & Biden help draft, but will not take any responsibility for the increased deficit spending since it was signed.

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Mar-29-13 1:12 AM

anonym, your forgetting that little non-consequential trillion dollar pair of wars Bushey waged that were off of the books.

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Mar-29-13 4:47 PM

"A subsidy is money the Government gives to companies or individuals who make, (notice I didn't say earn), billions of dollars in profits yearly, with no taxes paid on profits or subsidies."

Veritas, if the $$ isn't earned, then you'll have to define "make" 'cuz I don't know what you're getting at with your comment.

"However, corporate welfare often subsidizes failing and mismanaged businesses and induces firms to spend more time on lobbying rather than on making better products. Why don't we ever hear about this form of govt. subsidizing failure???"

Whenever cons say Solyndra, the libs say Oil. Uh, impasse anyone?

My, oh, my.

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Mar-29-13 4:51 PM

"George W.Kim Jong Un"

So now billgrr says the way to villianize someone is to add "George W" in front of their name?


You know I have to try this one:

"George W. Bill Garr"

Has a certain ring to it - thanks for the smile

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Mar-29-13 4:54 PM

"villainize" for the spelling gurus

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Mar-30-13 12:27 PM

WA Post 6/12/12 "Solyndra was founded in Silicon Valley in 2004. The company planned to build solar panels without polysilicon. While Solyndra’s panels were more expensive to make, they were supposed to be cheaper to install, and the skyrocketing price of polysilicon gave the company a chance to compete in the market.

"The following year, the company was invited to apply for a government-guaranteed loan under the Energy Policy Act of 2005 — a law backed by Republicans and designed to “support innovative clean energy technologies.” A full application came in 2008, and the Department of Energy began a review.

"In March 2009, Energy Secretary Steven Chu announced a $535 million conditional loan guarantee to Solyndra — making it the first to receive a loan since the 2005 program began. At that point, administration officials pushed for the DOE to hasten its final decision on approving the loan so Vice President Joe Biden could announce it on a planned trip to California

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Mar-30-13 12:28 PM

cont..."The loan was funded with stimulus money and formally announced in September 2009.

"But Solyndra was already in trouble.

"In February of 2008 the price of polysilicon began to fall sharply, while Solyndra’s claims of cheaper installation costs were also in doubt. Chinese firms started to crowd out American ones on the solar panel market. Natural gas prices also fell, making investments in more or comparatively more expensive alternative energy less attractive.

"Management at the firm also made questionable spending decisions, wasting loan money on state-of-the-art equipment that went unused."

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Mar-30-13 12:33 PM

cont..."In March of 2010, an independent audit by PriceWaterhouseCoopers questioned whether Solyndra could survive as a business, and even administration staff and close Obama allies in the venture capital world warned the White House about whether the company was a good bet, according to internal administration emails.

"Obama visited the company in a high-profile press event in May 2010, despite some of these warnings. The Energy Department persuaded the firm to delay layoffs until after the 2010 midterm elections, according to those emails.

"The DOE learned in December 2010 that Solyndra could not make its loan payment, in violation of its federal loan deal. Solyndra executives had been privately warning administration officials that the firm was at risk of liquidation.

"Yet in February 2011, the department restructured the loan, with some investors agreeing to provide Solyndra $75 million more in financing."

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Mar-30-13 12:35 PM

cont..."Part of the deal was that private investors, including family funds connected to Obama fundraising bundler George Kaiser, would be paid back before the government if Solyndra collapsed. The Kaiser-tied funds were already the largest investors in Solyndra.

"In August 2011, the company filed for bankruptcy.

"Congressional Republicans had been investigating the company’s loan since early in 2011. Republicans, in particular the outside group Americans for Prosperity, have attacked Obama repeatedly on the issue, suggesting he was helping friends by financing Solyndra because of Kaiser’s role as a major Obama fundraiser.

"Internal e-mails show political considerations infused almost every level of the decision-making on granting the Solyndra loan and later administration efforts to keep the company afloat."

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Mar-30-13 12:50 PM

Dems say Reps are subsidizing certain economic sectors, then Reps say Dems are subsidizing other certain economic sectors, depending upon each party's posture/pleasure, ad infinitum. It's always been pots calling kettles black. The country's "insolvency" is due to both parties' posturing, with rich & wealthy contributors thrown in for good measure.

Veritas, to portray oneself as completely non-partisan on any issue is not an easy task. I haven't seen a good example of it yet.

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Mar-30-13 4:48 PM

But I don't know if Solyndra's doors are even open anymore, much less if Solyndra's employees have jobs anymore, so I could feel good about the solar panels they are, were supposed to make, if it weren't for that Chinese undercutting thingy. Well, with "friends" like that...

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Mar-30-13 7:17 PM

Well, no guts, no glory, Veritas.

Cite a source and I'll give it a (non-partisan) whirl. I promise.

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Mar-31-13 1:34 AM

ProgressiveLiberal How could you have forgotten the worst attack on US soil since Pearl Harbor. That attack in its self was an act of War against the US. The attack was planned long before President Bush took office, starting in 1992, under President Clinton’s watch proves, the difference is President Bush took his role as Commander in Chief seriously. President Bush received Congressional approval for both wars, whereas President Clinton was too busy with Monica in the oval office. Clinton’s ineptitude regarding the role of Commander in Chief, had bin Laden saying "The youth were surprised at the low morale of the American soldiers and realized more than before that the American soldier was a paper tiger and after a few blows ran in defeat.” With regards to Iraq every Country in the UN believed Suddam still had WMD’s, and he would use them again, as history shows he used them on his own people killing estimated 1.5 to 2 million people, these he caught on tape for his future vie

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Mar-31-13 1:35 AM

Continued: pleasure. In 1999, President Clinton said he believed Suddam still had WMD’s after he kicked out the UN weapon inspectors.

What you Progressive Liberals seem to forget is US national security and defense spending is in the US constitution under Article 1 section 8, six of the clauses refer to defense spending, but none of these 17 clauses refer to entitlement spending, those came from Acts of Congress.

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Mar-31-13 9:36 AM

I like that the new budget doesn't include subsidizing freebies for newspaper companies.

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Mar-31-13 9:24 PM

The timeline for Solyndra doesn't tell me much more than the wheels of bureaucracy turn s-l-o-w-l-y. Like we all didn't know that?

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