1.3 million drop off extended unemployment benefits in past year, become permanently unemployed

Aug. 23, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement responding to a recent Bureau of Labor Statistics report showing that extended unemployment benefits are running out:

“In the past year, Congress’ extended unemployment benefits welfare scheme ran out for 1.3 million people. And there is still no work to be found for them. They have become permanently unemployed. Since Obama took office, the labor force participation rate has dropped from 65.7 percent to 63.7 percent, with about 4.8 million people who have dropped out and simply stopped looking for work.

“The data is simply devastating. The number of people employed has only grown by 2.7 million in the past year, not even coming close to keeping up with the growth of the noninstitutional population has grown by 3.6 million. Meanwhile, the number of people not in the labor force has grown by 2 million — in a single year! Since the beginning of 2008, a net 4.1 million jobs have been lost while the employable population grew by 10.7 million!

“The establishment’s hope was that by priming the pump with more than $3 trillion of monetary and fiscal ‘stimulus’ at the beginning of the recession, and ramping up the welfare apparatus in the near-term, eventually, a robust recovery would ensue, and the temporary measures could be repealed. But the government did nothing to make it more cost-effective to do business here in America, to encourage investment here. So, now we’re just floating along, no real growth recovery, and certainly no recovery in the jobs market.

“New college graduates cannot find work, those who lost their jobs in the recession still cannot find work 4 years later, and the government’s tepid support programs and ‘stimulus’ did nothing to turn the economy around. We’re dead in the water, no matter what the happy talkers say.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

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CBO warns of deep recession touched off by tax increases

Aug. 22, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement responding to a Congressional Budget Office report warning of a deep recession in 2013:

“Today’s Congressional Budget Office report warning of a deep recession should Congress and the president not agree on a solution to the massive tax increases that will go into effect on Jan. 1, 2013, is true to the extent that the tax increases will kill private sector growth and exacerbate the recession that we are rapidly descending into.

“However, should Republicans win control of both the House and the Senate along with the presidency in November, they should not cut a deal with Obama and Harry Reid now, the two major economic obstructionists of the past two years, in dealing with this fiscal disaster.

“Instead, Speaker Boehner and presumptive Majority Leader McConnell should promise the nation that they will make the current tax law permanent as their first order of business on Jan. 4, 2013, when the new Congress begins, and put legislation that is retroactive to the beginning of the year on the new president’s desk on Jan. 20 at 12:01 p.m.

“Our nation’s finances are too important to leave to the very lame duck, rejected politicians that are responsible for the emergency in the first place.

“The tax increases facing our nation are real and need to be stopped.  It is just plain stupid though for anyone to expect that the people responsible for creating the crisis to suddenly solve it when they no longer have to worry about what the American public wants.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

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Obama’s waste, fraud and abuse of Medicare

Aug. 22, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today responded to Barack Obama’s claim of reforming the Medicare system when he said on the campaign trail in New Hampshire on Aug. 18, “My plan saves money on Medicare by cracking down on fraud and waste in insurance company subsidies”:

“Obama himself is the waste, fraud, and abuse in the Medicare debate. He is wasting the American people’s time with fraudulent political claims, and abusing seniors through a campaign of fear.

“The $500 billion cut out of Medicare in Obamacare was based on the lie that the Administration would find the $50 billion of waste, fraud and abuse in the system — some 100 percent of all the medical fraud in the system — every year for 10 years. CBO actually scored it for them.  They’ve come nowhere near that goal, making Obama’s claim of deficit neutrality in his law nothing more than a big lie, and meaning that to pay for Obamacare, the money will have to come from somewhere.

“As it stands, the Medicare trust fund — consisting of hundreds of billions of IOU treasuries — will be exhausted in 2024. After that, only 87 percent of benefits will be paid, declining to 67 percent by 2045. And that’s if the Administration’s rosy economic projections come true over the next 10 years, which includes revenues to the Treasury rising to $4.8 trillion by 2022 from today’s level of $2.4 trillion.

“That figure is based on about 3 percent average annual growth every year for the next ten years; no recessions. We’re only growing by 1.5 percent annualized at the moment. Far short of the estimate, meaning revenue projections will most certainly fall way short of expectations.

“Under Obama’s approach, this in turn means his Independent Payments Advisory Board will most certainly be called on to ration Medicare to seniors in the coming years as the recession proves to be more resilient than we’d like. As opposed to Congress making these decisions, seniors will be at the mercy of a bunch of faceless bureaucrats. That’s one reason why we must repeal Obamacare, but overall, that’s the reason we need real entitlement reform right now from Congress. The cost of the program far exceeds its revenues, and if allowed to continue, will bankrupt the Treasury.

“Obama’s approach has been to pretend to reform Medicare while creating a Soviet-style rationing board to do his dirty work. Medicare as we know it will be dead before the next decade runs out, unless action is taken now. Obama’s prescription is to do nothing now, and pretend the problem away, which guarantees the very result that many seniors fear.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

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End $12 billion wind tax credit, save coal from being regulated to death

Aug. 16, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement urging the House of Representatives not to renew the $12 billion wind tax credit this year:

“The idea that we’re going to power the world’s preeminent economic and industrial superpower on 12th Century windmill technology is so ludicrous as to not even merit serious consideration. But the Ivory Tower elites in Washington, D.C., have insisted that we do so, and as a result now taxpayers are on the hook for $12 billion a year for this fool’s errand. Congress needs to act now to repeal the tax credit.

“In the meantime, we need an honest evaluation by the Department of Energy of the true costs of producing energy. According to Department of Energy’s estimates, in 2017 it will cost anywhere from $97 to $139 per megawatt hour to produce coal. This estimate is used to make it appear that wind at $96 per megawatt hour in 2017 will be viable.

But the only way they get there is by regulating coal to death. The Department of Energy has engaged in blatant propaganda. This report reveals Obama’s callous disdain and disrespect for the millions of families who earn their living through the production of coal or through the reasonably priced power that coal generates. 

Coal only costs about $30 to $35 per megawatt hour to produce. The only way the Department of Energy’s 2017 projection can show wind to be viable is to triple the cost of coal.  Their cooked numbers include all of the regulatory costs that the EPA is and will be imposing on miners and coal-burning plants for new technologies by then.

This is what Obama meant when in 2008 he said, ‘if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.’

“Wind should be free to compete in the marketplace along with other forms of energy. But anyone who argues that it should be subsidized is just breaking wind. If it cannot compete on a cost basis without subsidies and without using the power of government to squash competitors, then it is not viable.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

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End $12 billion wind tax credit

Aug. 16, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement urging the House of Representatives not to renew the $12 billion wind tax credit this year:

“The idea that we’re going to power the world’s preeminent economic and industrial superpower on 12th Century windmill technology is so ludicrous as to not even merit serious consideration. But the Ivory Tower elites in Washington, D.C., have insisted that we do so, and as a result now taxpayers are on the hook for $12 billion a year for this fool’s errand. Congress needs to act now to repeal the tax credit.

“Wind should be free to compete in the marketplace along with other forms of energy. But anyone who argues that it should be subsidized is just breaking wind. If it cannot compete on a cost basis without subsidies and without using the power of government to squash competitors, then it is not viable.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

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ALG responds to Ryan nomination

Aug. 13, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson to in a statement responded to the selection of Rep. Paul Ryan as Mitt Romney’s running mate:

“The Ryan nomination guarantees that the fiscal cliff our nation stands on the precipice of, with a $16 trillion national debt, will be front and center in the presidential campaign going forward. Americans for Limited Government looks forward to engaging in that important debate in the coming months, which will ultimately determine our nation’s economic fate.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

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Does Obama want to nationalize every industry?

Aug. 9, 2012, Fairfax, VA— Today on the campaign trail Barack Obama said, “I believe in this American industry, and now the American auto industry has come roaring back. Now I want to do the same thing with manufacturing jobs, not just in the auto industry, but in every industry [emphasis added].” Americans for Limited Government President Bill Wilson responded:

“Obama has declared war on the private ownership and financing of American industry. Obama handed over much of Chrysler and GM to the autoworkers union while destroying bondholders’ stake in the companies.

“That is hardly a model for job growth in America, and reeks of Soviet-style industrial planning. Both of these companies were effectively seized by the U.S. Treasury in 2009 while the normal bankruptcy process was disrupted to benefit Obama political cronies.

“Obama’s revelation that he wants to this with every industry should send a chill down the spines of every person looking for a job in America. Does he want to nationalize every industry?”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

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Obama’s legacy: 107 million government dependents and rising

Aug. 9, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today released the following statement responding to research from Ranking Member of the Senate Budget Committee Jeff Sessions (R-AL) showing that more than 107 million Americans are on some form of means-tested government welfare:

“Obama’s legacy is an America that is less well off, more impoverished, and increasingly dependent on a government that has dwindling resources and a $16 trillion debt that is too big to be repaid. He will go down in history as the president that put us back on welfare.

“Since Obama has taken office, eligibility for Medicaid, food stamps, the earned income tax credit, the making work pay tax credit, and unemployment benefits have increased by millions—until today when there are more than 107 million Americans dependent on the government for sustenance. That is an increase of roughly 10 million in less than four years.

“To add insult to injury, Obama then unilaterally dismantled the work requirements that were the heart of the 1990’s welfare reform via an arbitrary executive order. This is a man who wants Americans to be dependent on government. What a disgrace.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

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Federal Housing official resists mortgage bailout, political gimmickry

Aug. 6, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today issued the following statement praising Federal Housing Finance Agency (FHFA) head Edward DeMarco for refusing to implement a costly bailout for borrowers who owe more on their mortgages than their homes are worth:

“Edward DeMarco is to be credited for acting in the best interests of taxpayers by refusing to engage in political gimmickry that would lead to additional bailouts.

“In his role as the head of the Federal Housing Finance Administration, DeMarco has held the line against an Obama political publicity stunt to bail out underwater borrowers. A bailout would only make the current foreclosure crisis even worse by creating a perverse incentive for borrowers who are current on their payments to become delinquent in a misguided attempt to qualify.

DeMarco’s review of the policy found that if as few as 3,000 borrowers strategically defaulted on their mortgages in an attempt to become eligible for the program, it would offset any taxpayer benefit derived from bailing out those who would currently be eligible — even in the best case scenario. From both the taxpayer and borrowers’ perspectives, there could not be a worse possible outcome than to offer false hope of a bailout that results in even more people losing their homes, leaving taxpayers with the bill.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

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ALG applauds Maine challenge to Obamacare coercion

Aug. 3, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson applauds the state of Maine for challenging the Obama Administration on Medicaid funding:

“The state of Maine is taking the right step in boldly challenging the Obama Administration’s threat to cut off all federal Medicaid funding due to the state’s decision to lower their Medicaid liabilities. The Supreme Court got one thing right in the much-maligned Obamacare ruling by Chief Justice Roberts: the states cannot be coerced into accepting escalating Medicaid costs by the federal government.

“Maine Governor Paul LePage is smartly taking the state flexibility that seven Justices affirmed and applying it to other aspects of Obamacare’s Medicaid requirements.

“It is time for every state to join Maine in declaring their right to determine their own Medicaid eligibility requirements without coercion from Obama and his Washington, D.C., cronies.”

Interview Availability: Please contact Rebekah Rast at (703) 383-0880 or at rrast@getliberty.org to arrange an interview with ALG President Bill Wilson.

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