Daily Archives: July 19, 2010

Michigan Democrat Gary Peters Budget Proposal Closes Federal Deficit By 0.25%

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After voting for Cap & Trade, The ‘Stimulus’ and ObamaCare, Gary Peters is now trying to close the budget gap. Via the Freep:

Peters, a Bloomfield Township Democrat, is chairing the four-man working group that met to come up with cuts and savings.

The other members include John Adler of New Jersey, Peter Welch of Vermont and Jim Himes of Connecticut.

Each is pushing his own proposal: Peters wants to eliminate tax loopholes for oil companies, get rid of duplicative and unnecessary federal research spending, halt expansion of the strategic petroleum reserve, end mandatory payments to states for abandoned mines and sell federally owned energy facilities to private utilities.

Peters’ office said those proposals could be worth nearly $4 billion this year and nearly $60 billion over 10 years.

The National Debt is $13.2 trillion. The Federal Government is running a $1.6 trillion budget deficit this year and Gary Peters identifies tax increases and small spending cuts that will reduce this years budget deficit by 0.25%.

Jay Leno On The Chevy Volt: “It’s a people mover, not a people impresser”

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Jay Leno, who is a big supporter of Detroit’s auto industry, gave a tepid review of the Chevy Volt.

EV owners will also be less than impressed when, as Obama promised, “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket.” (January 2008), and you and your neighbors start plugging in your EV every night after work.

Of course a Volt supporter and auto analyst Erich Merkle pointed out the obvious with this “knee slapper”

Leno’s Big Boy dig rings hollow, he added.

“The typical Volt driver might be a vegan,” Merkle said. “They may be opposed to a Big Boy altogether.”

Yep, and if were up the militant vegan eco-green fans, there would be no Big Boy restaurants. Well, there would be, but we would all be eating Boca Burger ground crumble meat substitute.

Here is a GM vehicle that Jay really likes:

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