Thursday, November 03, 2011

New Words-Ineptocracy

New Words-Ineptocracy Points and Figures
The word is: Ineptocracy
1. Ineptocracy
*_Ineptocracy_****(in-ep-toc’-ra-cy) – a system of government where the least
capable to lead are elected by the least capable of producing, and where the
members of society least likely to sustain themselves or succeed, are rewarded
with goods and services paid for by the confiscated wealth of a diminishing number
of producers
*
Use in a sentence:
The occupy protesters are part of the ineptocracy movement.

How Harrisburg Borrowed Itself Into Bankruptcy

Steve Malanga: How Harrisburg Borrowed Itself Into Bankruptcy - WSJ.com
Harrisburg, the capital of Pennsylvania, is drowning in debt. City officials have known for more than four years that they'd have to deal with the fiscal mess, but they punted.
The state has engineered a bailout plan, but the city council rejected it.
Instead it has asked creditors to forgo as much as $100 million of the debt.

Mayors, unions clash on COLAs; pension forecasts defended

Mayors, unions clash on COLAs; pension forecasts defended WPRI.com Blogs
As a partial alternative to the current proposal, Rhode Island AFL-CIO President George Nee suggested lawmakers should instead raise taxes to offset some of the proposed cuts in pension benefits, saying it’s time for Rhode Island to “tax the people who can best afford and can most afford it.”

The Euro Crisis

Edward P. Lazear: The Euro Crisis—Doubting the 'Domino' Effect - WSJ.com
In their case, and in ours, the solution is primarily a reduction in the bloated size of government expenditures that come about by making promises that cannot be kept.

READ THIS!

Pension Red Alert: 70% Of Pensions Are Never Audited

Pension Red Alert: 70% Of Pensions Are Never Audited - Forbes

Hawaii State Liabilities Climb by 60 Percent in Two Years; Expert Calls the News ‘Shocking’

Hawaii State Liabilities Climb by 60 Percent in Two Years; Expert Calls the News ‘Shocking’ Hawaii Reporter
Sheila Weinberg, founder and CEO of the Institute for Truth in Accounting, called the state’s liability in the report “shocking", particularly when it comes to the increase in costs for medical services for state employees.

Wednesday, November 02, 2011

Global warming is over, says expert

Express.co.uk :: Global warming is over, says expert
But this last point is one which Prof Curry has furiously rebuttted.
In a serious clash of scientific experts Prof Curry has accused Prof Muller of trying to “hide the decline in rates of global warming”.
She says that BEST’s research actually shows that there has been no increase in world temperatures for 13 years.

Colorado voters reject raising taxes to support education

Colorado voters reject raising taxes to support education - latimes.com
In what could be a harbinger of the 2012 election, Colorado voters Tuesday overwhelmingly rejected a measure that would have raised nearly $3 billion for education by temporarily increasing state income, sales and use taxes.

Name one kid whose "education" would improve with more money to teachers and administrators.

Occupy Wall Street

Occupy Wall Street Arrest Records Mansions Housing The Daily Caller
Among addresses for which information is available, single-family homes listed on those police intake forms have a median value of $305,000 — a far higher number than the $185,400 median value of owner-occupied housing units in the United States.

$184,000 is the median?!!!!!

Eric Holder Was Right

Eric Holder Was Right - WSJ.com
At a party the other night we met a young black businessman who had graduated from Atlanta's Morehouse College--the elite traditionally black institution that is also Cain's alma mater--before earning a master's in engineering at Columbia University.
He told us that his experiences at the two schools were dramatically different:
"At Morehouse, I was never aware of my race, and there were no excuses."
He said that at Columbia, racial awareness was constant, and when a black student slipped up--say, by showing up late for class--allowances were made because of his race.

The Euro Crisis

Edward P. Lazear: The Euro Crisis—Doubting the 'Domino' Effect - WSJ.com
Closer to home, the same issues that threaten Europe may soon become immediate concerns to Americans.
To understand why, consider two theories of economic destruction, which can be labeled the domino theory and the popcorn theory.

The Naked Dollar: Occupy This

The Naked Dollar: Occupy This
The Naked Dollar visited Zuccotti Park today, site of the largest and now famous Occupy Wall Street protest.
I am here to report what I saw.
I will come back to the picture above, which was most definitely not an "Occupy" rally.