Obama Raises 2010 Deficit Estimate to $1.5 Trillion
"U.S. unemployment will surge to 10 percent this year and the budget deficit will be $1.5 trillion next year, both higher than previous Obama administration forecasts because of a recession that was deeper and longer than expected, White House budget chief Peter Orszag said.
The Office of Management and Budget forecasts a weaker economic recovery than it saw in May as the gross domestic product shrinks 2.8 percent this year before expanding 2 percent next year, according to the administration’s mid-year economic review issued today.
Wednesday, August 26, 2009
Obamacare bails out union pension plans..
Obamacare bails out union pension plans
"Union bosses who have mismanaged benefits for their own members are poised to receive a $10 billion bailout from U.S. taxpayers in the form of a “reinsurance program” that has been folded into the healthcare bill, according to the Workforce Fairness Institute (WFI).
This provision should be viewed as part of a larger payback effort the Obama White House and top congressional figures have set up in exchange for the support they have received from organized labor, Katie Packer, executive director of WFI said.
Section 164 of the Affordable Health Choices Act of 2009 provides that the government pay 80 cents on the dollar to corporate and union insurance plans for claims between $15,000 and $90,000 for retirees age 55 to 64. Union health insurance funds only have about 30 cents available to cover each dollar of anticipated claims, according to the Lewin Group and other research outfits.
If this provision were to be passed as part of the overhaul package favored by the Obama Administration, the $10 billion figure would probably expand overtime as union plans continue to come under financial pressure, Packer said."
"Union bosses who have mismanaged benefits for their own members are poised to receive a $10 billion bailout from U.S. taxpayers in the form of a “reinsurance program” that has been folded into the healthcare bill, according to the Workforce Fairness Institute (WFI).
This provision should be viewed as part of a larger payback effort the Obama White House and top congressional figures have set up in exchange for the support they have received from organized labor, Katie Packer, executive director of WFI said.
Section 164 of the Affordable Health Choices Act of 2009 provides that the government pay 80 cents on the dollar to corporate and union insurance plans for claims between $15,000 and $90,000 for retirees age 55 to 64. Union health insurance funds only have about 30 cents available to cover each dollar of anticipated claims, according to the Lewin Group and other research outfits.
If this provision were to be passed as part of the overhaul package favored by the Obama Administration, the $10 billion figure would probably expand overtime as union plans continue to come under financial pressure, Packer said."
Spartans RBs reportedly starting to separate
Spartans RBs reportedly starting to separate
"'Michigan State's quarterback competition remains virtually deadlocked, but the Spartans are seeing some separation in the race to replace All-American running back Javon Ringer.
'The team has several veteran options at running back -- senior A.J. Jimmerson and sophomores (Muskegon's) Ashton Leggett and Andre Anderson all have played -- but the coaching staff expects youth to be served this fall. Heralded true freshmen Larry Caper and Edwin Baker have been as advertised so far in camp, and redshirt freshman Caulton Ray is continuing his progression after a strong finish to spring ball."
"'Michigan State's quarterback competition remains virtually deadlocked, but the Spartans are seeing some separation in the race to replace All-American running back Javon Ringer.
'The team has several veteran options at running back -- senior A.J. Jimmerson and sophomores (Muskegon's) Ashton Leggett and Andre Anderson all have played -- but the coaching staff expects youth to be served this fall. Heralded true freshmen Larry Caper and Edwin Baker have been as advertised so far in camp, and redshirt freshman Caulton Ray is continuing his progression after a strong finish to spring ball."
Saving the Obama Presidency
William McGurn: Saving the Obama Presidency
"The president understands that he loses when he talks about substantive issues, which is why he's been fudging on the public option. He may not understand that he is closing the gap between his unpopular policies and his personal popularity in the worst way a president can: by reducing his own credibility."
.....
"On Friday, White House spokesman Robert Gibbs said his boss was 'quite comfortable' with the idea that sticking to his agenda may well mean 'he only lives in this house' for one term. Sounds like a man who appreciates the limits of a president's personal popularity."
"The president understands that he loses when he talks about substantive issues, which is why he's been fudging on the public option. He may not understand that he is closing the gap between his unpopular policies and his personal popularity in the worst way a president can: by reducing his own credibility."
.....
"On Friday, White House spokesman Robert Gibbs said his boss was 'quite comfortable' with the idea that sticking to his agenda may well mean 'he only lives in this house' for one term. Sounds like a man who appreciates the limits of a president's personal popularity."
Senator warns of hyperinflation rivaling the 1980s
Senator warns of hyperinflation rivaling the 1980s
"The economy could spiral into hyperinflation not seen since the early 1980s if the Federal Reserve does not tighten its monetary policy soon, Sen. Chuck Grassley (R-Iowa) warned Tuesday.
Grassley, speaking about the renomination of Federal Reserve Chairman Ben Bernanke to a second term as head of the Fed, asserted that Bernanke's ability to hold down inflation would be the metric by which the Fed's success would be measured."
"The economy could spiral into hyperinflation not seen since the early 1980s if the Federal Reserve does not tighten its monetary policy soon, Sen. Chuck Grassley (R-Iowa) warned Tuesday.
Grassley, speaking about the renomination of Federal Reserve Chairman Ben Bernanke to a second term as head of the Fed, asserted that Bernanke's ability to hold down inflation would be the metric by which the Fed's success would be measured."
That's what happened last time the Fed loosened the money supply.
Bummer for us, dudes....
Bummer for us, dudes....
You wonder which side they’re on'
"A 'furious' Rep. Peter King, the hawkish, maverick Long Island Republican, blasted a 'disgraceful' Eric Holder for opening an investigation of CIA interrogators and chided his own party for what he described as a weak response to the move in an interview just now with POLITICO.
'It’s bulls***. It’s disgraceful. You wonder which side they’re on,' he said of the attorney general's move, which he described as a 'declaration of war against the CIA, and against common sense.'"
'It’s bulls***. It’s disgraceful. You wonder which side they’re on,' he said of the attorney general's move, which he described as a 'declaration of war against the CIA, and against common sense.'"
Free-Speech Organization Launches National Advertising Campaign Warning College…
NEWS FROM F.I.R.E.: Free-Speech Organization Launches National Advertising Campaign Warning College…: "NEWS FROM F.I.R.E.: Free-Speech Organization Launches National Advertising Campaign Warning Colleges That Violate Students’ Rights.
It’s pretty direct."
It’s pretty direct."
Fruitport Village needs help with storm cleanup
Fruitport Village needs help with storm cleanup
"Fruitport Village officials are calling on their residents to volunteer with the massive cleanup effort in the aftermath of the Aug. 9 damaging storm."
How dare they!
It's up to the "government" to provided EVERYTHING!
I sure hope the citizens have a big protest to protest Fruitport's foolish assumption that citizens do ANYTHING to make their own lives better.
That's the Obama Way, right?
"Fruitport Village officials are calling on their residents to volunteer with the massive cleanup effort in the aftermath of the Aug. 9 damaging storm."
How dare they!
It's up to the "government" to provided EVERYTHING!
I sure hope the citizens have a big protest to protest Fruitport's foolish assumption that citizens do ANYTHING to make their own lives better.
That's the Obama Way, right?
Are Ye Trying To Fill The Graveyards Quicker? - Workers Solidarity Movement
Are Ye Trying To Fill The Graveyards Quicker? - Workers Solidarity Movement: "Major protest in Cork against the Government and attack on the elderly.
Over 3,000 people – the old, the young and the grandchildren – marched through Cork city centre today in anger against the proposed cuts in Medical Cards for over the 70s."
Collectivism rules!
Interesting this article is from a socialist website.
When even the socialists protest "free" health "care", something is rotten in Denmark....and every where else
Over 3,000 people – the old, the young and the grandchildren – marched through Cork city centre today in anger against the proposed cuts in Medical Cards for over the 70s."
Collectivism rules!
Interesting this article is from a socialist website.
When even the socialists protest "free" health "care", something is rotten in Denmark....and every where else
The babies born in hospital corridors: Bed shortage forces 4,000 mothers to give birth in lifts, offices and hospital toilets | Mail Online
The babies born in hospital corridors: Bed shortage forces 4,000 mothers to give birth in lifts, offices and hospital toilets
"Thousands of women are having to give birth outside maternity wards because of a lack of midwives and hospital beds.
The lives of mothers and babies are being put at risk as births in locations ranging from lifts to toilets - even a caravan - went up 15 per cent last year to almost 4,000.
Health chiefs admit a lack of maternity beds is partly to blame for the crisis, with hundreds of women in labour being turned away from hospitals because they are full. "
This is EXACTLY what Obama/Pelosi/rev. Wright "care" will bring to our country.
"Thousands of women are having to give birth outside maternity wards because of a lack of midwives and hospital beds.
The lives of mothers and babies are being put at risk as births in locations ranging from lifts to toilets - even a caravan - went up 15 per cent last year to almost 4,000.
Health chiefs admit a lack of maternity beds is partly to blame for the crisis, with hundreds of women in labour being turned away from hospitals because they are full. "
This is EXACTLY what Obama/Pelosi/rev. Wright "care" will bring to our country.
What the President's Attack on the CIA Really Means
What the President's Attack on the CIA Really Means
"The best way to understand what President Obama has done is to put aside this week's headlines and, for just a moment, press the rewind button:
In the 1930s, the world was becoming unglued and unstable. Fascism was on the march and, as usual, we Americans wished only to stay out of the world's problems and to focus instead on our own domestic issues."
Read on and be VERY frightened!
Our children will pay dearly for this..... and weren't the libs always advocating for the children.....?
"The best way to understand what President Obama has done is to put aside this week's headlines and, for just a moment, press the rewind button:
In the 1930s, the world was becoming unglued and unstable. Fascism was on the march and, as usual, we Americans wished only to stay out of the world's problems and to focus instead on our own domestic issues."
Read on and be VERY frightened!
Our children will pay dearly for this..... and weren't the libs always advocating for the children.....?
RI gov to shut down state government for 12 days
RI gov to shut down state government for 12 days
"Rhode Island will shut down its state government for 12 days and hopes to trim millions of dollars in funding for local governments"
"Rhode Island will shut down its state government for 12 days and hopes to trim millions of dollars in funding for local governments"
To find lost time, Secretary of State offices to close late | Detroit Free Press | Freep.com
To find lost time, Secretary of State offices to close late Detroit Free Press Freep.com: "Secretary of State branch offices are to remain open two extra hours Monday and Sept. 8 to handle a crush of business that follows state worker furlough days.
The offices are to remain open those two days from 9 a.m. to 7 p.m. instead of closing at 5 p.m., Secretary of State Terri Lynn Land said."
Anyone think there's gonna be whole lot o overtime goin' on.
And the net savings for all the "free friday's off" is......?
The offices are to remain open those two days from 9 a.m. to 7 p.m. instead of closing at 5 p.m., Secretary of State Terri Lynn Land said."
Anyone think there's gonna be whole lot o overtime goin' on.
And the net savings for all the "free friday's off" is......?
Tuesday, August 25, 2009
Woe, Canada!
Woe, Canada!
"Medical Care:
A leaked report shows that Vancouver's health authority is considering cutting thousands of surgeries to balance the budget.
However organized, government-run health care inevitably leads to rationing."
"Medical Care:
A leaked report shows that Vancouver's health authority is considering cutting thousands of surgeries to balance the budget.
However organized, government-run health care inevitably leads to rationing."
Picturing The Enemy
Picturing The Enemy
"Security: The ACLU sneakily photographing CIA officers near their homes, then showing the shots to the imprisoned planners of the 9/11 attacks.
A fruitcake fantasy?
The government is looking into exactly this."
"Security: The ACLU sneakily photographing CIA officers near their homes, then showing the shots to the imprisoned planners of the 9/11 attacks.
A fruitcake fantasy?
The government is looking into exactly this."
Donations pay for Camp Pendalouan improvements
Donations pay for Camp Pendalouan improvements
"The YMCA's Camp Pendalouan has undergone a series of improvements made possible through individual donations"
What! No government money!!!!!
This just can't be true!
"The YMCA's Camp Pendalouan has undergone a series of improvements made possible through individual donations"
What! No government money!!!!!
This just can't be true!
'Clunkers' program aims to get bowling ball sales rolling
'Clunkers' program aims to get bowling ball sales rolling
"A local business is running its own Cash for Clunkers program -- bowling ball style.
The federal government's car trade-in program is all the rage these days, and has spawned spinoffs in other industries"
What! No free government money?!!!!!!
What are these people thinking!!!!!!
"A local business is running its own Cash for Clunkers program -- bowling ball style.
The federal government's car trade-in program is all the rage these days, and has spawned spinoffs in other industries"
What! No free government money?!!!!!!
What are these people thinking!!!!!!
Monday, August 24, 2009
NY Gov Paterson blames "Racism"!
"He suggested that Massachusetts Gov. Deval Patrick, the country's only other African-American governor, also is under fire because of his race.
'We're not in the post-racial period,' Paterson said.
'The reality is the next victim on the list - and you can see it coming - is President Barack Obama, who did nothing more than trying to reform a health care system.'"
'We're not in the post-racial period,' Paterson said.
'The reality is the next victim on the list - and you can see it coming - is President Barack Obama, who did nothing more than trying to reform a health care system.'"
"Racism"! The cure all for everyone.... (well not EVERYONE) losing a political race.
10 Weirdest Theme Parks
10 Weirdest Theme Parks
"Love Land is a park about sex."
We could have a fat-sex version in Muskegon!
How cool would THAT be.......
"Love Land is a park about sex."
We could have a fat-sex version in Muskegon!
How cool would THAT be.......
THE REAL REASON AMERICANS ARE ANGRY
THE REAL REASON AMERICANS ARE ANGRY
"watching media supporters of President Obama's health care package puzzle over the obscure motivations of the noncompliant Americans rallying against it.
'Racial anxiety,' guessed New York Times columnist Paul Krugman.
'Nihilism,' theorized Time's Joe Klein.
'The crazy tree blooms in every moment of liberal ascendancy,' historian Rick Perlstein proclaimed in the Washington Post.
While the commentariat's condescension is almost comical, the whole evil-or-stupid explanation misses the elephant in Obama's room: Americans of all stripes, it turns out, aren't very keen about the government barging into their lives."
"watching media supporters of President Obama's health care package puzzle over the obscure motivations of the noncompliant Americans rallying against it.
'Racial anxiety,' guessed New York Times columnist Paul Krugman.
'Nihilism,' theorized Time's Joe Klein.
'The crazy tree blooms in every moment of liberal ascendancy,' historian Rick Perlstein proclaimed in the Washington Post.
While the commentariat's condescension is almost comical, the whole evil-or-stupid explanation misses the elephant in Obama's room: Americans of all stripes, it turns out, aren't very keen about the government barging into their lives."
Justice Dept. Report Advises Pursuing C.I.A. Abuse Cases
Justice Dept. Report Advises Pursuing C.I.A. Abuse Cases
"The Justice Department’s ethics office has recommended reversing the Bush administration and reopening nearly a dozen prisoner-abuse cases, potentially exposing Central Intelligence Agency employees and contractors to prosecution for brutal treatment of terrorism suspects, according to a person officially briefed on the matter.
The recommendation by the Office of Professional Responsibility, presented to Attorney General Eric H. Holder Jr."
"The Justice Department’s ethics office has recommended reversing the Bush administration and reopening nearly a dozen prisoner-abuse cases, potentially exposing Central Intelligence Agency employees and contractors to prosecution for brutal treatment of terrorism suspects, according to a person officially briefed on the matter.
The recommendation by the Office of Professional Responsibility, presented to Attorney General Eric H. Holder Jr."
Obama Approves New Team to Question Key Terror Suspects
Obama Approves New Team to Question Key Terror Suspects
"President Obama has approved the creation of an elite team of interrogators to question key terrorism suspects, part of a broader effort to revamp U.S. policy on detention and interrogation, senior administration officials said Sunday.
Obama signed off late last week on the unit, named the High-Value Detainee Interrogation Group, or HIG.
Made up of experts from several intelligence and law enforcement agencies, the interrogation unit will be housed at the FBI but will be overseen by the National Security Council -- shifting the center of gravity away from the CIA and giving the White House direct oversight."
"President Obama has approved the creation of an elite team of interrogators to question key terrorism suspects, part of a broader effort to revamp U.S. policy on detention and interrogation, senior administration officials said Sunday.
Obama signed off late last week on the unit, named the High-Value Detainee Interrogation Group, or HIG.
Made up of experts from several intelligence and law enforcement agencies, the interrogation unit will be housed at the FBI but will be overseen by the National Security Council -- shifting the center of gravity away from the CIA and giving the White House direct oversight."
O'S INSURANCE SCAM
O'S INSURANCE SCAM
"PRESIDENT Obama and con gressional Democrats are now fixing their gun sights on health insurers, but their broader, underlying goals remain unchanged: socializing costs and extending Washington's control of the health-care sector.
This takes what Obama told Joe the Plumber about 'spreading the wealth' a step further. Because not only do the reforms redistribute wealth by shifting costs; they also put government in charge of spending even more of the nation's money.
And they can do it via a 'public option' or heavy insurance regulation and mandates."
"PRESIDENT Obama and con gressional Democrats are now fixing their gun sights on health insurers, but their broader, underlying goals remain unchanged: socializing costs and extending Washington's control of the health-care sector.
This takes what Obama told Joe the Plumber about 'spreading the wealth' a step further. Because not only do the reforms redistribute wealth by shifting costs; they also put government in charge of spending even more of the nation's money.
And they can do it via a 'public option' or heavy insurance regulation and mandates."
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