President Obama’s phony accounting on the auto industry bailout - The Fact Checker - The Washington Post
"This post has been updated."
Wednesday, June 08, 2011
Lack of buyers may force Treasury to boost interest rates
Lack of buyers may force Treasury to boost interest rates - Washington Times
"Though a significant rise in interest rates could be toxic for a softening U.S. economy, the Federal Reserve has said it will end its program of purchasing $600 billion in U.S. Treasury bonds as planned on June 30.
The Fed is estimated to have bought about 85 percent of Treasury’s securities offerings in the past eight months."
85%!!!!!!!!
What the heck is going to happen when 85% of the demand simply....disappears?
Interest rates will finally track the real inflation!
"Though a significant rise in interest rates could be toxic for a softening U.S. economy, the Federal Reserve has said it will end its program of purchasing $600 billion in U.S. Treasury bonds as planned on June 30.
The Fed is estimated to have bought about 85 percent of Treasury’s securities offerings in the past eight months."
85%!!!!!!!!
What the heck is going to happen when 85% of the demand simply....disappears?
Interest rates will finally track the real inflation!
NLV Councilman Richard Cherchio ousted by a single vote
NLV Councilman Richard Cherchio ousted by a single vote - Tuesday, June 7, 2011 10:45 p.m. - Las Vegas Sun
"A union-driven attack on Cherchio dominated much of the campaign, as residents were flooded with mailers criticizing his tenure and approach to public safety."
Next time you think your vote won't count, remember the union voter who decided this election.
"A union-driven attack on Cherchio dominated much of the campaign, as residents were flooded with mailers criticizing his tenure and approach to public safety."
Next time you think your vote won't count, remember the union voter who decided this election.
Public pensions operate under far laxer accounting rules than private pensions
Public pensions operate under far laxer accounting rules than private pensions CAIVN
"Government pensions, including CalPERS and the other public pension plans in California, are permitted to use far laxer accounting standards than private pension plans.
This allows them to greatly overstate how much money they have and to understate future liabilities, something which does not bode well for the financial health of the funds or for those relying on the money for retirement.
Yes, you got that right.
Federal government rules allow their own pensions, as well as state and local pensions, to ignore rules that private funds must follow."
Where is the outrage?
"Government pensions, including CalPERS and the other public pension plans in California, are permitted to use far laxer accounting standards than private pension plans.
This allows them to greatly overstate how much money they have and to understate future liabilities, something which does not bode well for the financial health of the funds or for those relying on the money for retirement.
Yes, you got that right.
Federal government rules allow their own pensions, as well as state and local pensions, to ignore rules that private funds must follow."
Where is the outrage?
State representative to host town hall meeting in Norton Shores
State representative to host town hall meeting in Norton Shores MLive.com
"State Rep. Holly Hughes, R-Montague, will host a town hall meeting and presentation Monday to inform area veterans of the benefits available to them through the state.
Jason Allen, senior deputy director of the Department of Military Affairs, will join Hughes at the town hall meeting, as will state Rep. Kurt Damrow, R-Port Austin, chair of the House Military and Veterans Affairs and Homeland Security Committee.
The event will 1 p.m. at VFW Post No. 3195, 5209 Grand Haven Road in Norton Shores. The event is free."
"State Rep. Holly Hughes, R-Montague, will host a town hall meeting and presentation Monday to inform area veterans of the benefits available to them through the state.
Jason Allen, senior deputy director of the Department of Military Affairs, will join Hughes at the town hall meeting, as will state Rep. Kurt Damrow, R-Port Austin, chair of the House Military and Veterans Affairs and Homeland Security Committee.
The event will 1 p.m. at VFW Post No. 3195, 5209 Grand Haven Road in Norton Shores. The event is free."
Proposed “Strike Free Education” law would restore sanity to Pennsylvania schools
Proposed “Strike Free Education” law would restore sanity to Pennsylvania schools
"Do Pennsylvania’s public schools exist for students or the employees who staff the buildings?"
What an amazing question.
One we dare not ask in Michigan.
"Do Pennsylvania’s public schools exist for students or the employees who staff the buildings?"
What an amazing question.
One we dare not ask in Michigan.
NL's whale fountain shut off for sanitary reasons
The Day - NL's whale fountain shut off for sanitary reasons News from southeastern Connecticut
"The city turned off the water at the new whale tail fountain over the weekend after someone reportedly defecated in the water.
'People are using the tail as a latrine,'' Evelyn Louziotis said. 'It's an $11 million bathroom.'"
It's the culture, stupid!
"The city turned off the water at the new whale tail fountain over the weekend after someone reportedly defecated in the water.
'People are using the tail as a latrine,'' Evelyn Louziotis said. 'It's an $11 million bathroom.'"
It's the culture, stupid!
Random attacks cause concern in Chicago
Random attacks cause concern in Chicago - chicagotribune.com
"No one was seriously hurt in the flurry of five random attacks by a mob of young men on Chicago's lakefront over the weekend.
But the feeling among many visitors and residents that the popular Near North Side stretch where the attacks occurred is safe for strolling on a summer night may have taken a hit."
It's the culture, stupid!
Does anyone think that Obama's preacher-of-hate, Rev. Wright was the only voice of hate in Chicago?
The entire south side of Chicago is a coven of community organizers preaching envy and demanding "social justice".
"Justice" for whom.
"Justice" from which oppressors?
Think about it.
"No one was seriously hurt in the flurry of five random attacks by a mob of young men on Chicago's lakefront over the weekend.
But the feeling among many visitors and residents that the popular Near North Side stretch where the attacks occurred is safe for strolling on a summer night may have taken a hit."
It's the culture, stupid!
Does anyone think that Obama's preacher-of-hate, Rev. Wright was the only voice of hate in Chicago?
The entire south side of Chicago is a coven of community organizers preaching envy and demanding "social justice".
"Justice" for whom.
"Justice" from which oppressors?
Think about it.
Educating for Liberty
Intercollegiate Studies Institute - Educating for Liberty
"Full Civic Literacy Exam (from our 2008 survey)
Are you more knowledgeable than the average citizen?
The average score for all 2,508 Americans taking the following test was 49%; college educators scored 55%.
Can you do better?"
Interesting, and humbling, test of our civic literacy.
"Full Civic Literacy Exam (from our 2008 survey)
Are you more knowledgeable than the average citizen?
The average score for all 2,508 Americans taking the following test was 49%; college educators scored 55%.
Can you do better?"
Interesting, and humbling, test of our civic literacy.
Tuesday, June 07, 2011
Hot Rod Power Tour looking forward to downtown setting, cooler temperatures at Muskegon stop
Hot Rod Power Tour looking forward to downtown setting, cooler temperatures at Muskegon stop MLive.com
"More than 3,500 high-end hot rods, street rods, muscle cars and custom trucks are expected to be displayed in Muskegon's downtown. Organizers expect the lead pack to arrive in Muskegon about noon Thursday.
Admission for spectators is free."
"More than 3,500 high-end hot rods, street rods, muscle cars and custom trucks are expected to be displayed in Muskegon's downtown. Organizers expect the lead pack to arrive in Muskegon about noon Thursday.
Admission for spectators is free."
Obama: No fears of double-dip recession
My Way News - Obama: No fears of double-dip recession
"After a spate of discouraging economic reports, President Barack Obama insisted Tuesday he's not afraid of the country slipping into a double-dip recession."
A double dip is almost guaranteed.
"After a spate of discouraging economic reports, President Barack Obama insisted Tuesday he's not afraid of the country slipping into a double-dip recession."
A double dip is almost guaranteed.
U.S. funding for future promises lags by trillions
U.S. funding for future promises lags by trillions - USATODAY.com
"The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security.
That brings to a record $61.6 trillion the total of financial promises not paid for.
This gap between spending commitments and revenue last year equals more than one-third of the nation's gross domestic product.
The $61.6 trillion in unfunded obligations amounts to $534,000 per household.
That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt."
"The government added $5.3 trillion in new financial obligations in 2010, largely for retirement programs such as Medicare and Social Security.
That brings to a record $61.6 trillion the total of financial promises not paid for.
This gap between spending commitments and revenue last year equals more than one-third of the nation's gross domestic product.
The $61.6 trillion in unfunded obligations amounts to $534,000 per household.
That's more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt."
Subscribe to:
Comments (Atom)