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The Geezer's Crusade
Seeded on Wed Feb 3, 2010 4:28 PM EST (The New York Times)
Far from serving the young, the old are now taking from them. First, they are taking money. According to Julia Isaacs of the Brookings Institution, the federal government now spends $7 on the elderly for each $1 it spends on children.
Obama's Budget Said to Forecast $1.6 Trillion Deficit This Year - Bloomberg.com
Seeded on Sun Jan 31, 2010 9:23 PM EST (Bloomberg.com)
Jan. 31 (Bloomberg) -- President Barack Obama's budget plan set for release tomorrow forecasts the deficit will hit a record $1.6 trillion this year before beginning to decline in 2011, a congressional aide said.
White House to paint grim fiscal picture: source | Reuters
Seeded on Sun Jan 31, 2010 7:47 PM EST (Reuters)
In its budget proposal to be released on Monday, the White House predicts a record $1.6 trillion budget deficit for the fiscal year that ends September 30, the Capitol Hill source said.
Poll: Should We Abolish Banking, Declare All Debts Void?
Fri Jan 29, 2010 12:30 AM EST
I think we should abolish banks. I also think we should declare all debts void. Why do I think this? Because the banks have destroyed our society. They've bought our government. They've stole our money. They won't lend it back to us. They are truly evil organizations.
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The Horror of the CBO's 2010 Economic Report - The Atlantic Business Channel
Seeded on Thu Jan 28, 2010 11:30 PM EST (business.theatlantic.com)
Unemployment is so high that it's costing us billions in government revenues, but the instinct to rein in spending could potentially cost even more.
California Teachers Pension Fund $42.6 Billion Short (Update2) - BusinessWeek
Seeded on Thu Jan 28, 2010 11:29 PM EST (Business Week)
Jan. 27 (Bloomberg) -- The California State Teachers Retirement System, the second biggest U.S. public pension, will need to ask taxpayers for more money after investment losses left it underfunded by $42.6 billion.
Green Shoots: Record number of young Americans jobless | Reuters
Seeded on Thu Jan 28, 2010 12:00 AM EST (Reuters)
CHICAGO (Reuters) - The U.S. economic recession has taken a particularly heavy toll on young Americans, with a record one out five black men aged 20 to 24 neither working nor in school, according to research released on Tuesday.
West Coast Wasteland "There's a Mad Max feel to daily life in many neighborhoods."
Seeded on Mon Jan 25, 2010 10:14 PM EST (The Nation)
There's a Mad Max feel to daily life in many neighborhoods.
being wealthy is often a powerful predictor that people spend less time doing pleasurable things, and more time doing compulsory things and feeling stressed.
Seeded on Sun Jan 24, 2010 2:43 PM EST (The Washington Post)
Nobel Prize-winning behavioral economist Daniel Kahneman has found, however, that being wealthy is often a powerful predictor that people spend less time doing pleasurable things, and more time doing compulsory things and feeling stressed.
The $700 Billion U.S. Funding Hole; Desperately Seeking A Very Indiscriminate Treasury Buyer | zero hedge
Seeded on Sun Jan 24, 2010 1:06 PM EST (This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied | zero hedge)
Today, we focus on the most critical segment of debt issuance for 2010 - those ever critical US Treasuries, without whose weekly uptake by various investors, the multitrillion budget deficit will become unfundable.
Poll: Are You Glad You Live In A Country Where The Government's Power Is Limited?
Sun Jan 24, 2010 12:39 PM EST
It is funny, with all the hyperventilating over the recent Supreme Court decision, that I at least haven't heard a single person go back and actually read the text of the First Amendment itself. Read it:
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Steven Greenhut: Public Employee Unions Are Sinking California - WSJ.com
Seeded on Sun Jan 24, 2010 12:25 PM EST (Wall Street Journal)
Approximately 85% of the state's 235,000 employees (not including higher education employees) are unionized. As the governor noted during his $83 billion budget roll-out, over the past decade pension costs for public employees increased 2,000%.
Mexico made more money in 2009 moving drugs than it did exporting oil, its single biggest legitimate foreign currency earner.| Reuters
Seeded on Sat Jan 23, 2010 5:42 PM EST (Reuters)
Mexican cartels, which control most of the cocaine and methamphetamine smuggled into the United States, bring an estimated $25 billion to $40 billion into Mexico from their global operations every year.
High school violinist/honor student was beaten nearly to death by three police who claimed to believe that a "heavy object" in his coat was a gun. It turned out to be a bottle of Mountain Dew.
Seeded on Sat Jan 23, 2010 5:39 PM EST (CNN)
An arrest in which several punches were thrown has triggered an accusation of brutality against Pittsburgh, Pennsylvania, police from the mother of the 18-year-old honor student who was taken into custody.
Using GAAP, the US Government's 2009 Budget Deficit Was $9 Trillion
Sat Jan 23, 2010 1:52 PM EST
"Using the GAAP accounting method (which is what corporations are required to use because it presents a far more accurate and honest picture of a company's finances than the cash accounting method primarily and misleadingly used by the U.S.
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America's Impending Master Class Dictatorship
Seeded on Sat Jan 23, 2010 1:31 PM EST (kitco.com)
One stark and sobering way to frame the crisis is this: if the United States government were to nationalize (in other words, steal) every penny of private wealth accumulated by America's citizens since the nation's founding 235 years ago, the government would remain totally b …
Why The Supreme Court Ruling Is A Good Thing; Do You Agree?
Sat Jan 23, 2010 10:17 AM EST
The Supreme Court decided last week some horrendously complex and burdensome laws were unconstitutional. I usually celebrate when the Supremes strike down a corrupt Congress's laws. But I was especially happy this time. Why?
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Awkward: Obama Admits Buying Off Seniors | The Weekly Standard
Seeded on Fri Jan 22, 2010 4:49 PM EST (Campaign Standard)
Today, when answering an Ohio woman's question, Obama edged indelicately close to the political truth about programs for seniors: "We never forget seniors because they vote at very high levels," he said to light laughter before realizing the response was a bit crass.
Green Shoots: California, Texas, Ohio Showed Biggest Job Losses (Update2) - Bloomberg.com
Seeded on Fri Jan 22, 2010 2:07 PM EST (Bloomberg.com)
Employment dropped in 39 U.S. states in December, seven more than in the prior month, indicating job losses were widespread.
Obama to indefinitely imprison detainees without charges
Seeded on Fri Jan 22, 2010 10:56 AM EST (Salon.com)
Today, The New York Times' Charlie Savage reports:
Justices Reject Campaign Finance Limits - NYTimes.com
Seeded on Thu Jan 21, 2010 10:33 AM EST (The New York Times)
WASHINGTON (AP) -- The Supreme Court has ruled that corporations may spend freely to support or oppose candidates for president and Congress, easing decades-old limits on their participation in federal campaigns.
Unfunded Benefits Dig States' $3 Trillion Hole: Orin S. Kramer - Bloomberg.com
Seeded on Wed Jan 20, 2010 11:25 PM EST (Bloomberg.com)
Hidden behind accounting fictions, the politically unspeakable reality is that public employee pension systems are under-funded by more than $2 trillion.
Poll: Can Obama Pivot?
Wed Jan 20, 2010 12:37 AM EST
Now it is more critical than ever that Obama show he can listen to opposing points of view. My suggestions for him? --immediately move to legalize and tax all marijuana sales. Marijuana is US's largest cash crop. We need marijuana tax revenue more than ever.
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Poll: Do You Hope that Healthcare Reform Fails?
Tue Jan 19, 2010 12:10 PM EST
Today could be the day that we learn that healthcare reform failed. Would you be happy?
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Eight in 10 Americans favor legalizing medical marijuana: poll | Raw Story
Seeded on Tue Jan 19, 2010 9:58 AM EST (Raw Story)
The medical marijuana debate among American voters is over. Eight in 10 Americans -- 81% overall -- support allowing doctors to prescribe cannabis, according to an ABC News/Washington Post poll.
Recent Votes
Bachmann's Plan: To Deal With Debt, We Must 'Wean Everybody' Off Social Security, Medicare This past weekend, Rep. Michele Bachmann (R-MN) addressed the right-wing Constitutional Coalition's annual conference in St. Louis. She had dropped out of the Tea Party Convention occurring on the same day in Nashville to make the appearance.
- The Geezer's Crusade
Far from serving the young, the old are now taking from them. First, they are taking money. According to Julia Isaacs of the Brookings Institution, the federal government now spends $7 on the elderly for each $1 it spends on children.
- Obama's Budget Said to Forecast $1.6 Trillion Deficit This Year - Bloomberg.com
Jan. 31 (Bloomberg) -- President Barack Obama's budget plan set for release tomorrow forecasts the deficit will hit a record $1.6 trillion this year before beginning to decline in 2011, a congressional aide said.
- White House to paint grim fiscal picture: source | Reuters
In its budget proposal to be released on Monday, the White House predicts a record $1.6 trillion budget deficit for the fiscal year that ends September 30, the Capitol Hill source said.
Obama pushes nuclear energy to boost climate bill
President Barack Obama is endorsing nuclear energy like never before, trying to win over Republicans and moderate Democrats on climate and energy legislation.
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