Folks in the media live in failed states such as Baltimore, Washington, New York, Boston, Detroit, Chicago, and Los Angeles, dependent on government schemes to prop up their non-sustainable, urban lives. The rest of us live lives that are sustained by our families, not by the federal government.
World War II Veterans denied access to their memorial is appalling. But, Catholic priests denied the opportunity to celebrate Mass, even as volunteers, leaves me speechless.
The fact that Obamacare is the law today does not mean it must be enshrined forever. A lot of folks in the media are regurgitating this White House talking point. I pointed out that the Continuing Resolution also is the law, but maybe I should have pointed out that politicians change the tax code all the time.
As the high drama continues to intensify in Washington, D.C., my confusion also continues to increase. According to the Treasury Department the borrowing limit will be reached a little later this month, on October 17th. But the real problem would be reached on October 31st, as all the Treasury Department tricks will have been exhausted.
Never before has an American president threatened and risked the U.S. economy and financial markets the way Barack Obama has in recent days. For his own narrow political ends, Obama and his minions have actually accused the Republican party of deliberately provoking a Treasury debt default because they don't agree with the Obama position on the continuing budget resolution and the debt ceiling.
However, even though I take second place to nobody in my disdain for the income tax, the worst thing about that law is not the tax rates, the double taxation, or the complexity. The worst thing is that the income tax enabled the modern welfare state.
These days Colbert and Stewart are the leading policy wonks, intellectuals and idea guys for the Democrats. Their pronouncements are more like what passes for policy white papers coming from liberals.
A Line of Sight contributing editor, Major General Paul E. Vallely (US Army Ret.) just returned from a fact finding mission to Egypt. "The bottom line is they are so upset with the American government supporting the Muslim Brotherhood and al-Qaeda over there," Vallely reported.
Anyone who bought the media buzz about a September reduction of QE - called the "taper" - was very surprised when the Federal Reserve announced that stimulus would continue unabated. According the the official narrative, inflation is under control and the labor market is steadily improving. Why wouldn't a modest taper be announced?
It’s not a secret: Obama and the Democrats will not negotiate. . . So who are the stubborn ones? Ambassador from the great Republic of Texas, Congressman Kevin Brady, joined the program to discuss the inside scoop on ending the government shutdown.
In predictable Democrat (read: “ruling class”) fashion, the President has threatened that a failure to reach an agreement on the Debt Ceiling would result in senior citizens being without their coveted social security checks. Of course this raises a big question: Why do we need to borrow money if Social Security is solvent?
The simple solution would be to make sure the plan is fundable at a reasonable discount rate. The yield on 30-year US treasuries seems about right.
It's bad enough when one party or another claims to have a monopoly on wisdom. But I've learned it's even more dangerous when the parties agree on something, like almost happened going to war in Syria. See: John, McCain, (R)epublocrat™.
The government shutdown is turning out to be more, and more, of a joke. But it is a pretty illustritave display of Obama’s inability to lead. Bob Beauprez, former Congressman from Colorado, joined the show to discuss what the shutdown says about the Obama White House.
Recently the Dow Jones Industrial Average (DJIA) removed three stocks from its membership roster and added three new stocks in their place. The stocks that were kicked out—Alcoa (AA), Bank of America (BAC), and Hewlett-Packard (HP); the stocks added—Visa (V), Nike (NKE), Goldman Sachs (GS).
I don't know about you, but I felt embarrassed and proud at the same time watching video of veterans that came to Washington DC in four busloads. Told by security they couldn't visit the WWII Memorial they pushed past - many in wheelchairs - and finished their Honor Flight Tour. God Bless those guys.
No matter the reference source, whether it’s Wikipedia, Dictionary.com, The Free Dictionary, or just good old-fashioned Merriam-Webster, the definition for the word “budget” is basically the same. For those U.S. Senators and U.S. Congressmen who happen to be reading this column, let me refresh your memories. . .
Why are mediocre stocks so popular when there are so many great ones out there ready to be discovered? That is the one question I keep posing to myself day after day after looking at so many portfolios full of stocks like Cisco, Johnson & Johnson, Lowes, Intel, Microsoft, and on and on.
A partial government shutdown is now underway. I am unimpressed, and so are the futures. U.S. futures are up slightly, and so are global futures in general. Gold and the dollar are flat.
What’s the likely outcome of the government shutdown fight? Well, in my libertarian fantasy world, we leave it closed. Or at least we never bother to reopen counterproductive bureaucracies such as the Department of Education, Agriculture, Energy, Housing and Urban Development, Commerce, Transportation, etc, etc.
Where can I get free or low-cost care in my community? This greeted visitors to www.healthcare.gov from June 26 to September 15, designed to inform Americans about the new healthcare law. The problem with the statement above is that there isn't any such thing as "free" care.
Yesterday there were reports of Veterans who ignored the barricades placed around the Washington DC WWII memorial. After hearing the story, the thought dawned on me. . . Why were there barricades around an open monument? Then I learned that the White House had specifically rejected the veteran’s request to visit the memorial.
Obamacare Day One: Kinda mixed results. Tad DeHaven, from Cato, joined the program to discuss the failure of Obamacare, and the non-event of a government shutdown.
Once upon a time — September 17th —Reuters published a delightfully preposterous blunderbuss of a blog. It served up a one-sided attack on conservatives. It did so as part of what it calls The Great Debate. Well, a debate has two sides.
The President uttered a fact during his 11 minutes of blaming Republicans yesterday when he said "the Federal Government is the Nation's single largest employer." Yep. . . Now, prepare for me to give John Maynard Keynes a posthumous mini-stroke: That's worse news than a government shutdown.
Ronald Reagan made a spectacular warning at the start of his political life. He said that if Americans do not fight to maintain our freedom that "one day we will spend our sunset years telling our children and our children's children what it was once like in the United States when men were free."
We need to ask the folks in DC who can’t even manage their own checkbook to stop micromanaging ours.
In the face of a stagnating economic activity many economists are trying to explain why the medicine they have been administering these last six years isn’t working. Not capable of accepting theoretical defeat they offer new explanations. The “new” normal is in the process of being explained by nuance con gusto.
The politicians, bureaucrats, lobbyists and interest groups in Washington are hyperventilating that the federal gravy train may get sidetracked for a day or two by a shutdown fight between Republicans and Democrats.
Truth be told, the Markets don’t really seem to care too much about the looming possibility of a government shutdown. After all, checks will continue to be cut, dollars will continue to be printed, and one-way-or-another we will see an increase in National Debt. . . So, really, what’s changing?
While recently making a morning sojourn to Starbucks for my occasional latte, I decided to add the USA Today (paper edition) to my purchase. The headline said, “Closing time?” So, as I pointed to the headline, I asked the three twenty-somethings behind the counter, “Was this a good idea?”
In this “insurgents” vs “establishment” fight, I think it’s possible for good people to have opposing positions, but my sympathies are with the former over the latter. Here are a couple of observations to illustrate why I think the insurgents are correct
As far as "dissolving flesh" goes, I can actually attest to that. On one hand I was stung three times and skin was gone in all three places. Other stings were simple swollen and itchy for over a week.
If you think bubbles are a great avenue for wealth creation, then Yellen is the Fed chair for you. If you, however, suspect bubbles are damaging to our economy, then you might rightly be concerned that she repeats her San Francisco performance on a national level.
Most Americans understand that the federal government's cupboard is definitely not bare – more like stuffed with waste. The folks back home also noticed that the Armageddon that the Democrats warned would occur with the sequester cuts instead resulted in barely a ripple.
We were once told it would provide universal coverage, ensuring every American has access to affordable health insurance. Nope: The Congressional Budget Office says more than 33 million Americans will still be uninsured by 2023.
An industry shake-out may be at hand. You can get a sense of how close to bankrupt these firms are by looking at their cash burn for the first six months of 2013, and how much cash they have left.
If you're a visual person, we'll first present the information graphically in chart form and then we'll present a tool where you can get a more precise estimate of what your percentile ranking is within each of these groups.
It’s been apparent for some time that they’re really scraping the bottom of the barrel at the George Soros Institute for Internet Trolling. There’s been a real drop off in the quality of talent since Obama raised taxes on everybody. I guess the IRS scandal, the NSA scandal, and revelation of other associated good works by him haven't helped him either.
The McAuliffe’s MyCar—a “neighborhood electric vehicle” with a 25-mile range and a top speed of 35 mph that Car and Driver reported “isn’t a real car”—may have private funding that’s scandalously acquired, but it also depends on millions in government assistance, tax exceptions, and rebates.
If you think that a government shutdown is a fantastic idea (I sure do), then please contact your elected representatives and let them know.
In 1977, sporting a dilettante interest in UFOs, then President Jimmy Carter participated in developing the first truly universal message, included on board each of the Voyager Spacecraft.
Moody's Puts Puerto Rico on Downgrade to Junk Review Citing Very High Debt, Pension Obligations, Chronic Deficits; Exodus Underway | Mike Shedlock
Radical Capitalism: A remote Indonesian village runs its own telecommunications company. (From a laptop and a tree) | Nick Sorrentino
Open Letter to Obama and Congress From Internet Giants Calls For Reining In Government Surveillance | Nick Sorrentino
(An important interview) Saving the Net from the surveillance state (And Crony Media): Glenn Greenwald speaks up (Q&A) | Nick Sorrentino