a political speech heavy on platitudinous political piety and short on sincere substance
BOMFOG is an acronym for “Brotherhood Of Man, under the Fatherhood Of God”, a quote from a 1941 radio broadcast by John D. Rockefeller. Rockefeller used this phrase so frequently in his campaign speeches, that reporters began referring to his ‘BOMFOG speech’.
From The Rockefellers, in their own words… I Believe
In the news… Romney offers little beyond the same old platitudes
the amount by which a government’s annual expenditures exceed its annual tax revenues
Government budget deficits can be cured by cutting spending, raising taxes or a combination of the two. Deficits must be financed by borrowing money. Interest must be paid on borrowed funds, which increases the deficit.
In the news… U.S. budget deficit totals $974B through July (CBSNEWS.COM, 9/10/12)
the amount by which a government’s annual tax revenues exceed its annual expenditures
In the news… President Obama Sees First Budget Surplus Of Presidency
Graphic from OpenSecrets.org (8/24/12)
The practice of combining several small contributions into one large contribution. Under current federal law, it is illegal for an individual to give more than $1,000 to a Presidential candidate per election Since that limit was first introduced in the 1970s, however, fund-raisers have tried to overcome it by the completely legal and widespread practice of “bundling.” Broadly it works like this: several $1,000 maximum contributions are solicited from, say, a corporation’s executives and their families, and the checks are sent to a candidate all together in a large “bundle.” While no individual has given more than the law allows, a lot of money has come from one place.
from Frontline: a citizen’s guide