The President’s budget for 2010 totals $3.55 trillion. Percentages in parentheses indicate percentage change compared to 2009. This budget request is broken down by the following expenditures:

Mandatory spending: $2.184 trillion (+15.6%)
$695 billion (+4.9%) – Social Security
$453 billion (+6.6%) – Medicare
$290 billion (+12.0%) – Medicaid
$0 billion (−100%) – Troubled Asset Relief Program (TARP)
$0 billion (−100%) – Financial stabilization efforts
$11 billion (+275%) – Potential disaster costs
$571 billion (−15.2%) – Other mandatory programs
$164 billion (+18.0%) – Interest on National Debt

US receipt and expenditure estimates for fiscal year 2010.Discretionary spending: $1.368 trillion (+13.1%)
$663.7 billion (+12.7%) – Department of Defense (including Overseas Contingency Operations)
$78.7 billion (−1.7%) – Department of Health and Human Services
$72.5 billion (+2.8%) – Department of Transportation
$52.5 billion (+10.3%) – Department of Veterans Affairs
$51.7 billion (+40.9%) – Department of State and Other International Programs
$47.5 billion (+18.5%) – Department of Housing and Urban Development
$46.7 billion (+12.8%) – Department of Education
$42.7 billion (+1.2%) – Department of Homeland Security
$26.3 billion (−0.4%) – Department of Energy
$26.0 billion (+8.8%) – Department of Agriculture
$23.9 billion (−6.3%) – Department of Justice
$18.7 billion (+5.1%) – National Aeronautics and Space Administration
$13.8 billion (+48.4%) – Department of Commerce
$13.3 billion (+4.7%) – Department of Labor
$13.3 billion (+4.7%) – Department of the Treasury
$12.0 billion (+6.2%) – Department of the Interior
$10.5 billion (+34.6%) – Environmental Protection Agency
$9.7 billion (+10.2%) – Social Security Administration
$7.0 billion (+1.4%) – National Science Foundation
$5.1 billion (−3.8%) – Corps of Engineers
$5.0 billion (+100%) – National Infrastructure Bank
$1.1 billion (+22.2%) – Corporation for National and Community Service
$0.7 billion (0.0%) – Small Business Administration
$0.6 billion (−14.3%) – General Services Administration
$19.8 billion (+3.7%) – Other Agencies
$105 billion – Other

• End Civil Forfeiture Quote of the Day: "Under civil forfeiture, police and prosecutors can seize your car or other property, sell it and use the proceeds to fund...
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Last week the “financial Reform” bill passed Congress … but there was no mention of the 2 complicit GSE’s, Freddie Mac and Fannie Mae. They have cost $160B so far and will likely cost $1 TRILLION to clean up.

And the people that wrote this new bill?  The same people who DENIED over and over again that the GSE’s were just fine:

Rep Richard Baker (R-LA) asked in 2003 for more regulation of these corrupt giants.  Watch Rep Maxine Waters (D-CA) say “We do not have a criss at Freddie Mac, and particular at Fannie Mae, under the outstanding leadership of Franklin Raines” [later convicted of fraud, a current Obama advisor] .

Watch Rep Gregory Meeks (D-NY) say “there is nothing wrong”, “we don’t need it [regulation]“. Rep Lacy Clay (D-MO) called the hearings a “political lynching of Franklin Raines” (who happens to be an African American).  Rep Barney Frank (D-MA) says “I don’t see anything in this report that raises safety and soundness problems.”

Watch this if you can stomach the lies!

These same blockers received campaign donations (Obama was #1) from these GSE’s.  How can we believe anything will change?  I don’t

• The Most Dangerous Man in America - Andy Stern (Why Obama� desperately� wants to pass healthcare, and� the help he gets from this guy.) The number 1 visitor to the White House, according to...
• Fiscal Insanity from the Economic Intelligentsia If you can keep your head when all about you Are losing theirs and blaming it on you Rudyard Kipling So-called "intelligent people" are continuing...

An excellent and funny explanation of world governments bailout logic (what little there is of it!)

• I'm Getting Ill Watching the Wave of Socialism Washing Over America I just spent� the� last few weeks in France, watching� the� local Progressive politicians argue over who should pay for what failure. I was� stunned�...
• Taxes Eat 42% of Canadians' Income - Can Happen in the USA Here you go, from the Fraser Institute in Canada. The Canadian Consumer Tax Index tracks the total tax bill of the average Canadian family from�...

Here you go, from the Fraser Institute in Canada.

• The Canadian Consumer Tax Index tracks the total tax bill of the average Canadian family from 1961 to 2009. The total tax bill of the average Canadian family, including all types of taxes, has increased by 1,624 percent since 1961.
• Taxes have grown much more rapidly than any other single expenditure for the average Canadian family. In contrast to the jump in taxes, spending on shelter increased by 1,198 percent, food by 559 percent, and clothing by 526 percent from 1961 to 2009.
• In 1961, the average family had an income of $5,000 and paid a total tax bill of $1,675 (33.5 percent). In 2009, the average Canadian family earned an income of $69,175 and paid total taxes equaling $28,878 (41.7 percent).
• The average Canadian family now spends more of its income on taxes than it does on the basic necessities such as food, shelter, and clothing. In 1961, the average family used 56.5 percent of its income on basic necessities, while only 33.5 percent of the family’s income went to taxes. In 2009, the proportion of income consumed by taxes had increased (to 41.7 percent), while the fraction of income spent on food, shelter, and clothing had dropped dramatically (to 37.1 percent).

Why Canada?  Everyone that I meet in the USA says: “Why can’t we have the economy (motored by oil), the health care (run by governments) and the economic stability (Run by excessive taxation) like they have in your home country of Canada?”

Canada is another one of the “canaries in the coal mine” about the creeping socialism all over the world.  Greece, Spain, Italy … somewhere down the line is Canada and the USA.

The report continues on …

Including deferred taxes (deficits) means the tax bill of the average Canadian family has increased by 1,793 percent since 1961.

Yikes!  I just don’t get it!  Governments all over have been spending FAR MORE than they can afford, racking up, especially, future pension liabilities for everyone …. then when the economy collapses, we do a bail-out.

Imagine what is going through the mind now of an average frugal German .. who is asked to bail out Greece.  Greeks are living far beyond the means … but will they cuts liabilities? not when Germans will send them cash.

I chatted with a friend last evening who told me that he had a huge sum in municipal bonds. I cautioned him, noting that Central Falls RI went bankrupt this week, and many states SHOULD follow.  His response: “Oh, the Federal government will just bail them out of the bonds get in trouble.”  He said this after a 20 minute rant on the size and invasiveness of government.

We all may be capitalists, but but we like the nanny state.  Until we throw out the bums who would spend and tax us to oblivion, and change this attitude … we are screwed.  But, on the horizon, I expect we will see more Chris Christie’s — honest, straight-talking politicians who aren’t in government to line their own pockets.

• Unemployment Down Because of Government Data Manipulation? Mike "Mish" Shedlock does a daily blog commentary on the� global economic situation, which is quite balanced and strongly recommended. � He is a� skeptic...
• 2010 Federal Budget Spending The President's budget for 2010 totals $3.55 trillion. Percentages in parentheses indicate percentage change compared to 2009. This budget request is broken down by the...

I can’t add anything more than the following video.  Christie for President!!!

• Fed Fighting to Keep Spending (Rescue) Secret Pamela Geller's site has a nice report and follow-up titled "FED BEGS FOR SECRECY ON FAILED BANK BAIL OUT". The argument the Fed is making...
• OMG What is the US Becoming? I took a week off for a� family� vacation in Ireland. My wife has her roots there and I love the people there .. family...

Under the cover of “net Neutrality”, the Obama administration has moved closer to regulating free speech on the internet.

Vis:

1. In April, the Supreme Court threw out the FCC rule that dictated whether or not internet providers could throttle users of programs like BitTorrent.
2. Not happy with the SCOTUS affront to POTUS, last week, the FCC declared that the Internet is a public utility.  if this stands, the government can control content — your free speech, your RIGHT to disagree with the policies of this (or any) government.  It makes, as Pamela Geller writes, Obama the Julius Caesar of the Internet.
3. Should you worry?  Hell yes!

On Saturday in Virginia, Obama gave a speech where he said:

And meanwhile, you’re coming of age in a 24/7 media environment that bombards us with all kinds of content and exposes us to all kinds of arguments, some of which don’t always rank that high on the truth meter.  And with iPods and iPads; and Xboxes and PlayStations — none of which I know how to work — (laughter) — information becomes a distraction, a diversion, a form of entertainment, rather than a tool of empowerment, rather than the means of emancipation.  So all of this is not only putting pressure on you; it’s putting new pressure on our country and on our democracy.

What the hey ?!  Free flow of “information” is putting pressure on our democracy?

This is a very disturbing set of events.

• Open Wiiiiiiiiide! Welcome to ObamaCare! Ok, we have the BHO-care as law! � Sigh! I read the following from a ChangeWave email today: Take Our Medicine, Please Back in 2008,...
• What Are We Trying to Accomplish in HealthCare? When you read the health bills in Congress and the analysis of them, you have to ask, what the heck are we trying to accomplish?...

I just spent the last few weeks in France, watching the local Progressive politicians argue over who should pay for what failure.

I was stunned by a report in the International Tribune that described Germany’s dilemma:  Thrifty German citizens are being asked to bailed out profligate spending Greeks … or bailout the German banks that invested in Greek bonds.

What about a third option?  LET THEM FAIL AND LET THE BANKS AND THE GREEKS PAY FOR THE DECISIONS THEY MADE?

This bailout mentality has gripped the (once) civilized world.  I’m depressed about the future and I am personally look for ways to protect myself from the insanity going on.

• What Are We Trying to Accomplish in HealthCare? When you read the health bills in Congress and the analysis of them, you have to ask, what the heck are we trying to accomplish?...
• FTC Proposes to Regulate Internet News! Today we take a detailed look at a recent FTC� proposal that effectively regulates the news. You can get it here. Hold onto your copy...

These and many are following the Alinsky Rules for Radicals .

“Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions. (Pretty crude, rude and mean, huh? They want to create anger and fear.)

The good news is, that in the long run, evil always loses to goodness.  And that may start as soon as this November.

• Unemployment Down Because of Government Data Manipulation? Mike "Mish" Shedlock does a daily blog commentary on the� global economic situation, which is quite balanced and strongly recommended. � He is a� skeptic...
• The Most Dangerous Man in America - Andy Stern (Why Obama� desperately� wants to pass healthcare, and� the help he gets from this guy.) The number 1 visitor to the White House, according to...

If you haven’t yet browsed Mish’s site, take a look at today’s rant.  His site is full of articles that document the coming battle between public sector unions and taxpayers.

The big challenge for us is that unions have their man, socialist Barack Obama, in power.  With “advisers” like Andy Stern, head of SEIU, and avowed Communists and socialists running all over the in the White House (Anita Dunn,  Van Jones, and now Jim Wallis) ….

It will be a battle royale!  Unions really don’t care about taxpayers.  They only care about 3 things:  power, more power and the union itself.  Even its members are expendable.

The cry “workers of the world, unite” has gone out and this White House is leading the disembowelment of America.

• Even MSNBC Poll Shows Massive "Angry" Reaction I just added my vote to a MSNBC Poll. In case you had to be reminded, MSNBC is� the� voice of the Far Left. Anyway,...
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Found this on YouTube.  Excellent contrast showing that Obama is clearly a radical socialist!

• Obama Gets Pop From His Base, While Spending Like a Drunken Sailor Rasmussen's monthly summary shows that the Great One (NO!, not Wayne Gretzky!) Obama got a pop in popularity. They also note that the "pop" in...
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