Saturday, August 06, 2011
Friday, August 05, 2011
Standard & Poor’s announced Friday night that it has downgraded the sterling U.S. credit rating for the first time.
The move came even though the Treasury Department said that it had found a math error in the firm’s calculations of deficit projections, according to a person familiar with the matter.
S&P decided to lower the AAA rating, held by the United States for 70 years, to AA+ after a bipartisan debt deal signed into law this week failed to assuage concerns about the nation’s growing spending.
Analysts have said a downgrade could increase the cost of borrowing for the U.S. government and lead to tens of billions of dollars in more interest costs per year. That could translate into higher borrowing for consumers and businesses, too.
A downgrade would also have a cascading series of effects on states and localities that rely on federal funding, including in the Washington metro area, potentially raising the cost of borrowing for schools and parks.
But the exact impact of the downgrade won’t be known at least until Sunday night, when Asian markets open, and perhaps not fully grasped for months. Analysts say the immediate term impact is likely to be modest because the markets have been expecting a downgrade by S&P for weeks.
You know what we need? More liberalism.
I am absolutely certain that generations from now, we will be able to look back and tell our children that this was the moment when we began to provide care for the sick and good jobs to the jobless; this was the moment when the rise of the oceans began to slow and our planet began to heal; this was the moment when we ended a war and secured our nation and restored our image as the last, best hope on Earth. This was the moment – this was the time – when we came together to remake this great nation so that it may always reflect our very best selves, and our highest ideals.
Now it's this.............
American Federation of Teachers officials have disavowed an internal report after it was posted on the union's website following its annual conference, embedded on each of its 19 pages with the union's logo and signed by a union official.
The report, titled "How Connecticut Defused the Parent Trigger," was replaced on AFT's website with a note saying "we have received complaints about these materials and have removed them because they do not represent AFT's position."
Education activist RiShawn Biddle copied the report before it was removed from the AFT website. The report describes in detail AFT's strategy for subverting school reform legislation in Connecticut, a strategy that relied greatly on deceiving legislators and interested parents.
Soak the rich, eh?
They do not have the money.
A report from the Internal Revenue Service found that the rich — 8,274 people with incomes of $10 million per year or more — earned a total of $240 billion in 2009.
Even of you confiscated every dime they earned, you would barely have enough money to cover government spending for 24 days.
Of course, about a quarter of that money already goes to the federal government for federal income. So make that 18 days.
But hey, why let the facts educate a liberal, they're the people who brought us global warming afterall.
We made the right call.
Wednesday, August 03, 2011
Mr. President. As you know, September 30 is the end of the fiscal year. It is customary for the administration to submit a budget proposal during the summer so that Congress can pass it prior to the end of the fiscal year.
Mr. President, we're only two months before then end of the year. When will you submit a budget to congress?
Tuesday, August 02, 2011
The solar powered system puts Rochester Fire in a class by itself. They're the only fire house in the state using solar power and it's working. About a third of the electricity they use every day is perfectly green.
"With the cloudy days, we actually still generate electricity," said Rochester Fire Chief John Cieslik.
"It generates enough power for the station and then excess, which they sell back," said Rochester Deputy City Manager Nick Banda.
Cieslik gets the credit for the earth friendly idea. When the mayor challenged the city to think green, he did. He got a $500,000 grant and a $200,000 state loan for the project. The fire house also gets energy credits from DTE.
The system is expected to save the city $150,000 in energy costs over the next 20 years.
In government accounting it's cheaper to spend $700,000 in order to save $150,000 over 20 YEARS!
No wonder we owe 14 TRILLION dollars.
Well according to Joe Biden and the DNC I guess the date was 8/1/11.
And of course, the main stream media is picking right up on the talking point...........
You know what they say: Never negotiate with terrorists. It only encourages them.
These last few months, much of the country has watched in horror as the Tea Party Republicans have waged jihad on the American people. Their intransigent demands for deep spending cuts, coupled with their almost gleeful willingness to destroy one of America’s most invaluable assets, its full faith and credit, were incredibly irresponsible. But they didn’t care. Their goal, they believed, was worth blowing up the country for, if that’s what it took.
Like ideologues everywhere, they scorned compromise. When John Boehner, the House speaker, tried to cut a deal with President Obama that included some modest revenue increases, they humiliated him. After this latest agreement was finally struck on Sunday night — amounting to a near-complete capitulation by Obama — Tea Party members went on Fox News to complain that it only called for $2.4 trillion in cuts, instead of $4 trillion. It was head-spinning.
All day Monday, the blogosphere and the talk shows mused about which party would come out ahead politically. Honestly, who cares? What ought to matter is not how these spending cuts will affect our politicians, but how they’ll affect the country. And I’m not even talking about the terrible toll $2.4 trillion in cuts will take on the poor and the middle class. I am talking about their effect on America’s still-ailing economy.
Let me ask these question of people who believe that we're terrorists.
First, do you truly believe the government can continue on it's current spending pace?
Second, I get that you're big on tax increases. Imagine the most orgasmic tax increase in your universe. The government is currently running a 1.4 trillion dollar deficit. With only tax increases and no budget cuts that deficit would drop to what number?
Third, what exactly are the program cuts that are going to hurt the middle class ?
Fourth, Have you looked at your liberal Eurotopia bastions of Greece, Italy, Portugual? Their economies are swirling down the drain as a result of their government spending and inability to fund anymore. Do you really think the US is immune to the same?
Fifth, but maybe you're not as worldly as you claim to be. Have you seen the financial calamity in states like California and Illinois or cities like, well, just about every city. Their fiscal appetites are now coming home to roost.
Sixth, quite frankly, the worst part of this ceiling deal is that it isn't even close to being aggressive enough. We've got an 80 TRILLION dollar locomotive heading right at us. This deal was like spitting in the ocean. What is your plan to handle all those contingent liabilities?
Seventh, the second worst part of this bill is saving Obama from himself. To my knowledge, we're still waiting on his plan.
And yet we're the terrorists? The over the top hyperbole is why democrats continue to lose support. Nearly everyone with a job has had to belly up at the cash register to see some tattooed bimbo buying Spice and some "bath salts" using her government checks. People see that we're the sensible ones and they're wondering why you're so willing to go to the mat for all the derelicts in our society.
Health insurance plans must cover birth control as preventive care for women, with no copays, the Obama administration said Monday in a decision with far-reaching implications for health care as well as social mores.Now let me ask this question. If your auto insurance were required to pay for oil changes and tire rotations would your insurance premiums go up, down or stay the same?
The requirement is part of a broad expansion of coverage for women's preventive care under President Barack Obama's health care law. Also to be covered without copays are breast pumps for nursing mothers, an annual "well-woman" physical, screening for the virus that causes cervical cancer and for diabetes during pregnancy, counseling on domestic violence, and other services.
"These historic guidelines are based on science and existing (medical) literature and will help ensure women get the preventive health benefits they need," said Health and Human Services Secretary Kathleen Sebelius.
I think we can assume that health insurance premiums will go up even further since insurance companies aren't inclined to eat their cost increases. As a result, do you think that more employers will offer insurance to their employees, pass along the additional costs or eat the additional costs because they're such nice guys ?
So once again, we have a liberal policy impacting a large segment of society. who gets impacted the most?
1) Lady Gaga
2) Barbara Boxer
3) A single mom office worker
4) Carly Fiorina
Many people point towards Obama claiming he's a socialist. That would actually be better than what he really is.
See, when a socialist government takes control of a business sector, they are responsible for the price of product/service and delivery of said product/service. In other words, they're accountable.
The Obamunists are far worse. Let's call them regulists.
What they do is inflict all kinds of regulation, taxes and additional costs on companies and then blame them for the additional aggravation to the public. It's worse than socialism because they get to hold their hands up and blame everyone but themselves for the poor and increasingly expensive product/service.
Well, why should it? When you’re using your Visa to pay off your MasterCard, getting the credit limit raised on both doesn’t actually improve your position.
Yeah I'm thinking your credit score usually goes down.
Monday, August 01, 2011
"It's too bad, because Central Falls has always been a progressive city," said Ortiz.
So what has "progressive" policies brought to this town?
Central Falls, Rhode Island, one of a handful of U.S. cities and counties facing fiscal collapse in the wake of the economic recession, filed for a rare Chapter 9 bankruptcy on Monday.
The bankruptcy filing, a risky and potentially expensive move that could freeze the city out of the U.S. municipal bond market, marks a symbolic blow as state and local governments struggle to pull themselves out of the recession.
The smallest city in the smallest U.S. state made the filing as it grappled with an $80 million unfunded pension and retiree health benefit liability that is nearly quadruple its annual budget of $17 million.
So let's just keep running social security the same way. It's worked so well for Central Falls.
Within months after more than 160 of its police officers were laid off, Newark erupted into a spasm of violence — including the killing of a policeman and one day when 13 people were shot, one fatally. But did the layoffs lead to the violence? And what does the future hold for a densely urbanized state where police face cuts in local, state, and federal funding?
The answer is: No one really knows. But the future looks scary. And complicated.
"There is no data linking crime rates with police layoffs because this has never happened before," says Dennis Kenney, a professor at New York’s John Jay College of Criminal Justice and editor of Police Quarterly. Kenney, with a doctorate at Rutgers, believes police services will be "greatly eroded and degraded" because of cuts in public spending.
Has it ever occurred to any of these people that conservative "compromise" is how we ended up in this mess to begin with?
Let's use an example. Let's say a group of liberals want to budget a subsidy for, oh, say, mohair.
Of course the conservative response should be, "why should we subsidize mohair over something like mink, chinchilla etc. Let's let the private market place determine what mohair prices are and not Sam Donaldson."
But then we hit the 11th hour and "conservatives" like John McCain, not wanting to be called a hobbit, concede a 5% mohair subsidy on the basis of "compromise".
Now let's review the transaction.
After passage, are we now closer to true conservative fiscal policy or socialism?
Of course, liberalism is the only government world view where your failures mean you get more of it. So, in the next round of budget negotiations, liberals wail about how the poor mohair farmer can't make ends meet despite the previous subsidy. They want more.
And, once again, those hobbit evading John McCain's of the world "compromise" by only budgeting a 10% increase where liberals wanted 15%. Again, are we closer to socialism or libertarianism?
Hey! it's a conservative success story right? If you are a liberal media member extolling the virtues of "legislating" to get things done.
All the while, we end up with 1.4 TRILLION DOLLAR budget deficits and no where to cut.
I think we need more hobbits, fewer McCain's.
Sunday, July 31, 2011
A mob of unruly teens last night once again wreaked havoc on Center City, assaulting and robbing random pedestrians.
About 9:15 p.m., police began to receive 9-1-1 calls about a group of 20 to 40 teens assaulting people. Police found a man on the ground bleeding badly from the head at Walnut and Juniper streets. He was taken to Thomas Jefferson University Hospital.
The Gekko's have a relative looking to escape the jaws of the "Progress" City of Chicago.
In her words "I'm sick of it"!
Now when the Senate finally approves their plan will the media ever ask one of these pols "which one of these plans are closer to the Bowles Simpson framework" or will they just assume that tea partiers are out out to bomb the capitol building.