The Blog of the Rhode Island Republican Assembly
Rep. Pence: “The American people know we can’t borrow and spend and bail our way back to a growing economy. … Republicans have proposals to get our economy moving again, to achieve energy independence and lower the cost of health care.”
Source: House Republican Conference
[youtube]http://www.youtube.com/watch?v=WJ_Rk_62nKE[/youtube]
Last week, Governor Donald L. Carcieri officially signed into law legislation that reconstitutes the Economic Development Corporation (EDC) board of directors and defines the term of employment for an EDC executive director.
The legislation expands the board of directors from nine members to 13 members, and defines the term of employment for the position of executive director of three years, allowing for the state to better attract and retain a candidate and to maintain a consistent economic development policy free from political changes.
“Throughout the course of my administration, we have made it a priority to put forward-thinking measures in place to make both government and our state work better. This legislation will serve as a strong foundation for us to foster progressive economic change for Rhode Island,” said Governor Donald L. Carcieri. “It will also help us chart a more stable course of action to make Rhode Island more competitive, create jobs, assist us in our efforts to attract new growth industries to our state, and spur the growth of a knowledge-based economy.”
News Release: Office of the Governor
The Republican National Committee (RNC) raised an off-year record $8.8 million in October, it will announced in its yet-to-be filed report.
The RNC’s performance comes a month after it learned it was outraised by the Democratic National Committee (DNC) for the first quarter since 2004.
The GOP committee now has $11.2 million cash on hand. The DNC has yet to released its figures.
“The elections in Virginia and New Jersey clearly showed the American people oppose bigger government, reckless federal spending, and higher taxes, and this enthusiasm for common-sense Republican principles is strongly resonating with our generous and motivated donors,” RNC Chairman Michael Steele said in a statement. “Thanks to our many contributors, the RNC is on solid financial footing as we continue build an organization to support our candidates and state parties in the election of 2010 and beyond.”
Source: Republican National Committee
Boy, are we sure glad that President Obama is holding the line on spending!
Technically, the debt hit the new high yesterday, but it was posted on the Treasury Department website just after 3:00 p.m. ET today. The exact calculation of the debt is a 16-digit tongue-twister and red-ink tsunami: $12,031,299,186,290.07
This latest milestone in the ever-rising journey of the National Debt comes less than eight months after it hit $11 trillion for the first time. The latest high-point is not unexpected, considering the federal deficit for the just-ended 2009 fiscal year hit an all-time high at $1.42-trillion – more than triple the previous year’s record high…
…The same document projects that by the end of the decade, the National Debt will hit $24.5 trillion — exceeding the Gross Domestic Product projected for 2019 of $22.8 trillion.
Source: CBS News
That’s only if you consider bug research in Connecticut to be wasteful, of course…
[youtube]http://www.youtube.com/watch?v=acIL3-GJmX0[/youtube]
Source: Street Signs (CNBC)
For some reason, we can’t quite see Governor Carcieri doing this (but perhaps, he should give it a shot, in light of some of the messed up legislation heading his way). Yes, this is a copy of an authentic veto message California Gov. Schwarzenegger sent back to its General Assembly.
Source: SF Gate
If you recall, Sen. Judd Gregg was tapped by President Obama to be the Secretary of Commerce — and initially accepted, but eventually turned it down.
CNN – A leading fiscal mind on Capitol Hill and a one-time Obama Cabinet pick sounded the alarm Sunday over the projected long-term financial challenges the country faces.
“This deficit is driven by us,” New Hampshire Republican Sen. Judd Gregg candidly said Sunday on CNN’s State of the Union when asked about the federal government’s projected $1.42 trillion operating deficit for the 2009 fiscal year…
The figures, Gregg told King, “mean we’re basically on the path to a banana-republic-type of financial situation in this country. And you just can’t do that. You can’t keep running these [federal] programs out [into the future] and not paying for them. And you can’t keep throwing debt on top of debt.”…
Read More: CNN Political Ticker
Join Mayor Fung for a Town Hall Meeting
Cranston Mayor Allan Fung will be hosting his next Town Hall Meeting on Wednesday, October 14th, 2009 from 6:00 P.M. to 8:00 P.M. at the Temple Torat Yisrael, located at 330 Park Avenue, Cranston, RI 02905.
This event is free and open to the public.
The Mayor will discuss the current financial state of the City and answer residents’ questions.
Please make every effort to attend and show Mayor Fung our support.
Juan Williams, who recently sat in for Bill O’Reilly on the “O’Reilly Factor,” really stepped in it big time, when he accused Karl Rove and the Bush Administration of “doing nothing” themselves to try to stop the financial meltdown.
That’s when a very animated Karl Rove stole the show! In Internet slang jargon, Karl Rove “pwned” Juan Williams on this issue.
[youtube]http://www.youtube.com/watch?v=Hv5EIBJbVgw[/youtube]
Mark Zaccaria: What Are We Going To Do About It?
It’s true that politicians from both sides of the aisle have recently forgotten the lessons of the past when it comes to spending what they don’t actually have. Today, though, the present Administration has managed to double 250 years worth of national debt in barely six months.
What does that mean to you? It means that the prices of everything you have to buy will be going up…Unnecessarily.
Economists will talk about the pluses and minuses of a weakening Dollar. Apologists for the Administration will talk about the short term need to undertake this massive spending. But they won’t talk about how it’s been ineffective so far.
Government has seen an increase in jobs. You and I haven’t.
So. What are we going to do about it? You and me, I mean. What are WE going to do about it? It is a question each of us should be carefully considering. I’ve made my commitment to run for office and try to do something about it that way. As you’ll see below, many others are also making bigger and stronger commitments than they ever have before.
As a result I am increasingly optimistic that the People of this country will stand up and do what they have always done: The Right Thing.
Source: Submitted by Second District congressional candidate, Mark Zaccaria