Kevin Bryant

Lieutenant Governor of South Carolina

Lieutenant Governor of South Carolina

 

about  contact 
facebook
twitter

Search

watch the senate

Archives

Powered by Genesis

I found more to our drowning debt :(

August 22, 2011 by Kevin Bryant

debtWe’ve found more bad news to the ever increasing debt figure for South Carolinians. The SC Police Retirement System (includes most law enforcement and Summary Court Judges) is $1.9 billion off. So we are now at $32 billion.

Some say this system is “actuarially sound”. You can throw that term out there if you want to, but the non-debatable figure is $1.9 billion. Remember this $1.9 is assuming the investments will earn 8% return. The 10-year annualized return of the investments of the System fund (which invests for all of the 5 separate systems, including PORS) is 3.95%, and that include the FY 2010 return of 14.62%. So in reality, the $1.9 billion (and all the other figures) is overly optimistic.

We’re awaiting on a new actuarial study that will almost certainly show a larger hole.

That’s on top of these: $ 9.5 billion-OPEB unfunded liability (other post employment benefits); $ 13 billion-SCRS unfunded liability (South Carolina retirement system); $ 10.4 billion-Local debt (municipalities, counties, school districts, & special purpose districts); $ 1.4 billion-Higher Education debt; $ 750 million -Unemployment Insurance Federal debt

Filed Under: Uncategorized

“ask him why he doesn’t believe in science”

August 20, 2011 by Kevin Bryant

Here’s a video of Presidential Candidate Gov. Rick Perry (R-Texas) in a conversation with a child. The child is asking him about creation and evolution. Gov. Perry tells the lad that in Texas creation is taught along with evolution.

Listen closely to the lady (maybe his mom) behind the child saying “ask him why he doesn’t believe in science” twice. (Atheists like to claim that creationists don’t believe in science.) Why didn’t she ask herself?

Filed Under: Uncategorized

simple truths on socialism

August 19, 2011 by Kevin Bryant

These are possibly the 5 best sentences you’ll ever read:

1. You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

2. What one person receives without working for, another person must work for without receiving.

3. The government cannot give to anybody anything that the government does not first take from somebody else.

4. You cannot multiply wealth by dividing it.

5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my friend is the beginning of the end of any society.

Filed Under: Uncategorized

Mick on BHO: delusional!

August 18, 2011 by Kevin Bryant

Delusion + Defiance = Downgrade

With your donation, we can stop President Obama’s dangerous policies and restore fiscal sanity in Washington.

For the entire 2007 fiscal year, the federal deficit was $160 billion. Today, under President Obama’s “leadership” we borrow that much nearly every month. In fact, Washington borrows nearly half of all the money it spends.

That’s not just unsustainable. It’s delusional.

Even worse, as economists, budget experts, and credit rating agencies warned that Washington must spend less, President Obama ignored them. He defied their advice and called for higher taxes, more spending, and a bigger government. He also threatened to veto the only plan that would actually cut spending, cap spending, and balance our budget: the Cut, Cap, and Balance Act.

That failure of leadership and defiance of good advice is inexcusable under any circumstances. It’s particularly galling coming from a president who only four years earlier chided Washington for “shifting the burden of bad choices today onto the backs of our children and grandchildren.”

Unfortunately, we have now seen what delusional spending levels and the defiance of common sense has gotten us: a downgrade in our credit rating. And no matter where President Obama tries to lay blame, his big-spending record is what it is.

That’s why we are working so hard to put an end to his policies of delusion, defiance, and downgrade in the next election. But to change things in the election next year, we need to raise money now. So, please help out by making a donation of as little as $50 or as much as $2,500.

Thank you again for all that you are doing to help us change the way Washington does business. With your help, we can fix things. To read more click here.

Sincerely,

Filed Under: Uncategorized

jMint on downgrade

August 17, 2011 by Kevin Bryant

Team DeMint
Fellow Patriots:

You may have heard that President Obama is trying to blame conservative leaders for the downgrade of our nation’s credit rating. In fact, his top campaign advisor, David Axelrod, recently went on national television and labeled it the “Tea Party downgrade.”

The recent S&P downgrade of our AAA bond rating was a sober, yet not unexpected, warning of our nation’s fiscal problems — not a cheap way to score political points for the next election.

As you probably know, U.S. Senator Jim DeMint (R-SC) opposed the debt limit agreement that was passed earlier this month and predicted that it would not prevent a credit downgrade. Senator DeMint said, “This bill doesn’t guarantee our AAA rating; it puts it at further risk as the world sees Washington as incapable of cutting wasteful spending.”

DeMint stood strong and demanded a true solution that would cut spending and balance the federal budget. The President, however, never even proposed a plan to cut spending and originally asked for what he called a “clean” debt limit bill with no spending cuts at all.

The only plan that would have preserved our AAA rating was the “Cut, Cap, and Balance” proposal, which passed the House but was blocked in the Senate.

If we’re going to preserve America’s economic standing in the world, we need immediate spending cuts, caps on future spending, and a constitutional amendment that forces Congress to balance the budget without raising taxes. That’s what our country needs and that’s what Jim DeMint is fighting for.

We expect many more misleading attacks on conservatives as the election season approaches. We won’t back down and plan to confront these false charges head-on.

Filed Under: Uncategorized

  • « Previous Page
  • 1
  • …
  • 142
  • 143
  • 144
  • 145
  • 146
  • …
  • 400
  • Next Page »