Daily Archives: May 18, 2012
Libertarian ideas of smaller government, cutting domestic spending and a balanced budget not only run in the Paul family, but are starting to take a hold with mainstream Republicans as well.
When the younger Paul proposed his latest take on the FY 2013 United States Budget, it was seen as the “most radical” of today’s four proposed Republican budgets by many on the left. But it was also seen as a refreshing change by many on the right.
Most surprising about the Paul Budget is not that it made it to a vote at all, but that 17 of the Senate’s 47 Republicans voted for a budget that was supposedly too radical.
The Paul budget most notably called for the elimination of the Departments of Education, Energy, Commerce and Housing and Urban Development (HUD), which is seen as a large step by mainstream conservatives in getting the nation’s finances back on track.
According to the American Spectator, the Paul budget will also reduce federal spending by $11 trillion relative to President Obama’s budget, reduces discretionary spending to 2008 levels, and reduces foreign aid at $5 billion per year.
Theoretically, the Paul budget will not only balance the federal deficit in five years, but it would actually achieve a $111 billion surplus by 2017. If that wasn’t juicy enough for most conservatives, the Paul Budget would also repeal Obamacare, Dodd-Frank and the Davis-Bacon prevailing wage requirements.
Super committee defense spending sequesters would also be ended, and the Federal government would also be required to end ownership of any failed private sector companies and stop bailing corporations out.
Despite the spending cuts that will be seen as ‘hefty’ by those on the left, the Paul budget sets out to prove that many items can be cut without touching entitlements. A separate bill addressing Medicare has yet to be drafted.
None of the senators were available for comment.
- Senate Republicans Vote Overwhelmingly For Controversial GOP Budget (tpmdc.talkingpointsmemo.com)
- Republicans in Senate vote overwhelmingly for Paul Ryan’s extreme budget (dailykos.com)
- Ron Paul Urges Supporters to Continue Fighting (usnews.com)
- GOP measure freezes lawmakers’ office budgets (kansascity.com)
- Voting on budget will provide 2012 ammo (thehill.com)
- GOP senator calls on Speaker Boehner to do what the Senate won’t on debt (thehill.com)
May 18, 2012 11:52 am BY: Washington Free Beacon Staff
The New York Times reports today on the rise of China’s “princelings,” the children of the Communist Party’s former and current leadership, who have taken control over many of that country’s most profitable businesses.
What the New York Times does not reveal is that Katzenberg is the largest donor to President Obama’s Super PAC Priorities USA at $2 million and a major bundler to the Obama campaign, having raised more than $500,000 for the President’s reelection campaign.
Also not revealed by the New York Times, Katzenberg and his studio are currently under SEC investigation for bribing Chinese officials in order to obtain access to the Chinese market.
The Dreamworks deal has raised questions about pay for play on the American side as well. The nonpartisan Sunlight Foundation notes that Katzenberg’s deal was made possible with help from the Obama administration, which arranged a meeting for Katzenberg with Chinese Vice President and heir apparent Xi Jingping after his White House visit in February. Xi traveled from the White House to Los Angeles to sign the deal with the major Obama donor.
The Sunlight Foundation asks if “Katzenberg’s support for Obama fast-track[ed his] movie deal with China?” But Dreamworks would not respond to on-the-record questions from the good government watchdog group.
Vice President Biden also personally engaged in the negotiations with the Chinese government in advance of Katzenberg’s deal that effectively raised the number of U.S. films that could be released in the Chinese market each year—an agreement that made the Katzenberg deal significantly more valuable.
Earlier this month, President Obama embraced Katzenberg just days after the SEC announced its investigation. “I want to thank Jeffrey (Katzenberg) not just for this evening, but for his tenacious support and advocacy since we started back in 2007. He has consistently been there for me, through thick and through thin,” Obama said.
“The only person I don’t have to remind [of how difficult the 2008 campaign was] is Jeffrey because he was there, through all the ups and downs, and occasionally he would call, and he would say, ‘Barack, I don’t think that things are working the way they’re supposed to.’”
- Barry-O’s Huge Hollywood Donors Go Chinese (dewgeneral.wordpress.com)
- ‘Starmageddon:’ Angelenos dump on $15 million Obama/Clooney party (twitchy.com)
- Katzenberg to the rescue for Obama Super PAC (laobserved.com)