Caught My Eye (8-1-11)

In this busy world we need brief relevant facts that are not vague or muddled or politically slanted.  This is my attempt to share some of the facts that caught my eye this week.

Congress has reduced its debt in the past through spending cuts and revenue increases.  Though the president can’t obligate funds, he has to sign the debt ceiling. Here are the percentages under the following presidents:

  • 1984      President Reagan    84% Revenues  16% Spending
  • 1990      President Bush        38% Revenues  62% Spending
  • 1993      President Clinton    62% Revenues  38% Spending
  • 2011      President Obama       0% Revenues  100% Spending

Congress has failed to renew the funding for the Federal Aviation Administration, and has now recessed until September 6th. The funding will not be addressed until they return.  These are the consequences of their decision.

  • the government is losing $200,000,000 per week on revenues it usually collects on ticket sales
  • all but one airline is still charging the same amount and pocketing the would-be tax money for themselves
  • 4,000 government workers have been laid off and are now lining up for unemployment benefits
  • 90,000  business contractors who do construction jobs and have other government contracts through FAA are not working; projects are stalled; construction workers are being laid off

As part of the healthcare overhaul of the Obama Administration, the Department of Health and Human Services this week has required insurance companies to begin covering all costs (no co-pays) starting August 2012 for the following:

  • birth control pills
  • screenings for gestational diabetes
  • testing for papillomavirus in women over 30
  • counseling for HIV and sexually transmitted infections
  • lactation counseling
  • screening for domestic violence
  • yearly wellness visits

Gabrielle Giffords returned to the House today and cast her vote on the debt limit, her first vote since she was shot in January.

It appears that default has been avoided; however, no one likes the deal.

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About Glenda

Retired ... taking it slow and enjoying the simple things in life
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2 Responses to Caught My Eye (8-1-11)

  1. drfugawe says:

    I like your Presidential stats, especially for Reagan – a bit surprising.

    • adnelg says:

      I got the information from one of the guest hosts of an MSNBC show (either Lawrence O’Donnell or Rachel Maddow) …can’t remember which. I trust their statistics as much as I trust any.

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