Thread: CBO chief says debt 'unsustainable'

POLITICO

CBO chief says debt 'unsustainable'

By JONATHAN ALLEN
4/8/10 12:12 PM EDT

The nation’s fiscal path is “unsustainable,â€

On Wednesday, Bernanke said in a speech in Dallas that the government must cut entitlements or raise taxes.

Congress should start by cutting all the grant programs to all ethno-centric organizations. The money should instead go to running this country for everyone's benefit like supplying the federal agencies, the state budgets, the military, education, Social security and Medicare and keeping the U.S. from becoming bankrupt.

Here's a good place to start - La Raza:

See ALIPAC October 13, 2009
http://www.alipac.us/ftopict-174406.html

In 2006 and again in 2008, the Latino group known as La Raza (The Race) was given $15 million in U.S. federal grants. La Raza also received an additional $4 million in so-called 'earmarks' tucked into the 2005 Housing Bill, which our Congress passed and President Bush signed. Considering the ethnocentric agenda of La Raza, in giving federal funds to this group, the American taxpayer is being forced to support a race-based separatist organization.

One of La Raza's biggest supporters is Sen. Harry Reid (D-NV). In 2001, Reid asked the Senate Appropriations Committee for $5 million to help further their goals. That same year, La Raza gave Sen. Reid their Capital Award for "his commitment to advance legislation priorities of the Latino community." Reid in turn praised La Raza by saying: "La Raza is like the biblical David, fighting all these Goliaths."

Taxpayer funds are also funneled to La Raza through the Department of Health and Human Services, the Environmental Protection Agency, and even NASA. Tax dollars are hidden in these government agencies, earmarked to be specifically given away to La Raza. Inside the halls of Congress, the practice is known as discretionary funding...In the real world it is known as money laundering.

In 2008, Rep. Barney Frank (D-MA) earmarked an additional $20 million for La Raza. He hid the appropriation in the FHA Housing Stabilization and Homeowners Retentions Act of 2008.

In 2005, $7.9 million was stolen from the American taxpayers and given out to Latino-only charter schools in the form of U.S. Department of Education grants.