Monday, October 17, 2011
The Austerity Myth: Federal Spending Up 5% This Year
The Austerity Myth: Federal Spending Up 5% This Year - Investors.com
In fact, in the first nine months of this year, federal spending was $120 billion higher than in the same period in 2010, the data show.
That's an increase of almost 5%. And deficits during this time were $23.5 billion higher.
These spending hikes haven't stopped many analysts from claiming that the country is in an age of budget austerity, one that's hurting economic growth.
A July article in USA Today, for example, claimed that "Already in 2011, softer government spending has sapped growth."
Is the liberal media just dumb?
I doubt it.
LIARS!!!!!!!!
In fact, in the first nine months of this year, federal spending was $120 billion higher than in the same period in 2010, the data show.
That's an increase of almost 5%. And deficits during this time were $23.5 billion higher.
These spending hikes haven't stopped many analysts from claiming that the country is in an age of budget austerity, one that's hurting economic growth.
A July article in USA Today, for example, claimed that "Already in 2011, softer government spending has sapped growth."
Is the liberal media just dumb?
I doubt it.
LIARS!!!!!!!!
NUGENT: Nobody needs Michael Moore's hypocritical advice
NUGENT: Nobody needs Michael Moore's hypocritical advice - Washington Times
Of course, the uninspired, uneducated, unskilled and stoned have been conditioned for generations to expect something for nothing.
They will always be in the tank of the left-wing movement - and they will always be unmotivated and poor and will continue to blame others for their condition.
Instead of busting their humps working two or three jobs, they have time to protest on Wall Street.
Fascinating.
Of course, the uninspired, uneducated, unskilled and stoned have been conditioned for generations to expect something for nothing.
They will always be in the tank of the left-wing movement - and they will always be unmotivated and poor and will continue to blame others for their condition.
Instead of busting their humps working two or three jobs, they have time to protest on Wall Street.
Fascinating.
Will Teacher Right-to-Work Die With The Recall Election of Rep. Paul Scott?
Will Teacher Right-to-Work Die With The Recall Election of Rep. Paul Scott? [Michigan Capitol Confidential]
On Thursday, Ingham County Circuit Court Judge Clinton Canady ordered a halt to the recall election against Michigan House Education Committee Chair Paul Scott.
More proof the "power" of unions in our state is melting away!
On Thursday, Ingham County Circuit Court Judge Clinton Canady ordered a halt to the recall election against Michigan House Education Committee Chair Paul Scott.
More proof the "power" of unions in our state is melting away!
Sunday, October 16, 2011
Horrific 15 Car Crash 2011 IndyCar World Championships in Las Vegas 300
A terrible day.
RIP Dan Wheldon
Forums to discuss Egelston Township fire station millage
Forums to discuss Egelston Township fire station millage MLive.com
Township voters will consider a 30-year, 0.7-mill tax increase to fund a $2.3 million station.
Egelston officials say the current fire station is structurally unsound, inefficient and not adequate to accommodate modern firefighting equipment.
Owners of a home with a market value of $100,000, and taxable value of $50,000 would pay $35 per year if the 0.7-mill increase is approved.
How many "$35 per year" millage have we gotten pushed on us in the last few decades?
When will it end!!!!
Township voters will consider a 30-year, 0.7-mill tax increase to fund a $2.3 million station.
Egelston officials say the current fire station is structurally unsound, inefficient and not adequate to accommodate modern firefighting equipment.
Owners of a home with a market value of $100,000, and taxable value of $50,000 would pay $35 per year if the 0.7-mill increase is approved.
How many "$35 per year" millage have we gotten pushed on us in the last few decades?
When will it end!!!!
US to Play 'Very Major Role' In Helping Europe: Geithner
US to Play 'Very Major Role' In Helping Europe: Geithner - CNBC
The U.S. plans on being an active partner as efforts intensify to get Europe get back on its feet financially, Treasury Secretary Timothy Geithner told CNBC Friday
No problem, we've got LOTS of money.......especially for our wonderful allies who so strongly support our country and our troops.........yeah right!
The U.S. plans on being an active partner as efforts intensify to get Europe get back on its feet financially, Treasury Secretary Timothy Geithner told CNBC Friday
No problem, we've got LOTS of money.......especially for our wonderful allies who so strongly support our country and our troops.........yeah right!
Occupy Muskegon group gathers to plan for upcoming 'occupation'
Occupy Muskegon group gathers to plan for upcoming 'occupation' MLive.com
She said only prospective occupiers know the location and they're keeping it quiet so they aren't "interfered with."
"The Wall Street occupation just sort of sprang up and I think that works better so people can't break it up beforehand," Carson said.
She said only prospective occupiers know the location and they're keeping it quiet so they aren't "interfered with."
"The Wall Street occupation just sort of sprang up and I think that works better so people can't break it up beforehand," Carson said.
Guest Post: How Government Spending Impoverished Us All
Guest Post: How Government Spending Impoverished Us All ZeroHedge
At the World Complex, I view metal consumption as being a better indicator of economic activity than the officially reported GDP.
Perhaps I should say I trust the metal consumption numbers more, as I suspect they are harder to fake.
In any case, metal consumption usually involves making something, which is frequently accretive to wealth (except in the case of bombs, et al.).
The decline in metal consumption is a direct measure of the decline of real wealth.
Very interesting article.
At the World Complex, I view metal consumption as being a better indicator of economic activity than the officially reported GDP.
Perhaps I should say I trust the metal consumption numbers more, as I suspect they are harder to fake.
In any case, metal consumption usually involves making something, which is frequently accretive to wealth (except in the case of bombs, et al.).
The decline in metal consumption is a direct measure of the decline of real wealth.
Very interesting article.
Court rules in favor of state in welfare cutoff lawsuit
Court rules in favor of state in welfare cutoff lawsuit MLive.com
A federal judge today ruled in favor of the Department of Human Services in a lawsuit that sought to stop the cutoff of cash welfare benefits for some 11,162 people in the state who've exceeded the 48-month time limit.
A federal judge today ruled in favor of the Department of Human Services in a lawsuit that sought to stop the cutoff of cash welfare benefits for some 11,162 people in the state who've exceeded the 48-month time limit.
Recent weather proves climate crisis, Gore says at Wayne State
Recent weather proves climate crisis, Gore says at Wayne State Detroit Free Press freep.com
Gore, speaking Thursday in Detroit, reeled off statistics about huge downpours in Pakistan and Colombia, wildfires in Australia and drought in Texas the past year that he said are clear evidence of the looming climate crisis.
Gore, speaking Thursday in Detroit, reeled off statistics about huge downpours in Pakistan and Colombia, wildfires in Australia and drought in Texas the past year that he said are clear evidence of the looming climate crisis.
Hollywood Worries About Weak Box Office
Hollywood Worries About Weak Box Office: ‘Real Steel’ #1 After ‘Footloose’ Stumbles; ‘The Thing’ #3; ‘The Big Year’ Comics Bomb – Deadline.com
But the truly alarming news is how very weak the North American box office performed again.
I’ve been reporting how younger males — which used to be Hollywood’s target audience — have been no longer consistently (and indiscriminately) going to the movies since August.
As a longtime studio exec worried out loud to me Friday night:
“I’m really concerned about how soft things are.
I’m sitting here looking at grosses and I’m concerned for the Industry.
What’s worrying me is where are those hardcore movie fans at this point?”
Well, I say Hollywood should expect the worst when they release a succession of mostly dreadful pics.
This weekend’s total gross won’t edge much over $80M — which is a whopping -35% from last year when Jackass 3D opened to $50M.
But the truly alarming news is how very weak the North American box office performed again.
I’ve been reporting how younger males — which used to be Hollywood’s target audience — have been no longer consistently (and indiscriminately) going to the movies since August.
As a longtime studio exec worried out loud to me Friday night:
“I’m really concerned about how soft things are.
I’m sitting here looking at grosses and I’m concerned for the Industry.
What’s worrying me is where are those hardcore movie fans at this point?”
Well, I say Hollywood should expect the worst when they release a succession of mostly dreadful pics.
This weekend’s total gross won’t edge much over $80M — which is a whopping -35% from last year when Jackass 3D opened to $50M.
Saint Warren's halo gets a little more tarnish
Saint Warren's halo gets a little more tarnish - ProfessorBainbridge.com
“Buffett judges the investments he makes ruthlessly, but allows his operating companies to run on autopilot.”
That decentralized structure allows plausible deniability when anything goes wrong.
“Buffett judges the investments he makes ruthlessly, but allows his operating companies to run on autopilot.”
That decentralized structure allows plausible deniability when anything goes wrong.
Saturday, October 15, 2011
Fake petitions undercut state's voting process
Fake petitions undercut state's voting process - southbendtribune.com
The investigation into suspected fake petition pages used to place Barack Obama and Hillary Clinton on the 2008 primary ballot looks worse for Democrats the further it goes.
Among the latest revelations: that the fake pages passed through the St. Joseph County voter registration office on days when the Republican head of the office was absent.
And that without the falsified names, Obama and possibly Clinton might not have qualified for the ballot.
The investigation into suspected fake petition pages used to place Barack Obama and Hillary Clinton on the 2008 primary ballot looks worse for Democrats the further it goes.
Among the latest revelations: that the fake pages passed through the St. Joseph County voter registration office on days when the Republican head of the office was absent.
And that without the falsified names, Obama and possibly Clinton might not have qualified for the ballot.
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