Free kibbles

SOCIALISM:

A minority of TSA employees has forced a union on the rest, and the union's first priority is get rid of merit pay raises.

TAX AND SPEND:

If you needed more evidence that Republicans want to lift the debt limit so they can spend more money, but the people do not want them to, look at the McConnell plan.

"Under McConnell's Plan B, the onus would be on President Obama to request a debt-ceiling increase from Congress -- and, along with that, propose spending cuts, in three separate sets of votes. The vital catch is that Congress would vote each time on a resolution to disapprove of the debt-ceiling request. That means Congress would have to muster a two-thirds majority to override a presidential veto and prevent the increase. The upside for Republicans is that more of them could vote against the increase without imperiling the measure and putting the U.S. in a position where, according to the Treasury Department, default is just around the corner."

So Republicans are deciding among themselves who's going to vote to raise the ceiling and who isn't. It's already been decided they will raise it. Now McConnell warns that default could destroy the Republican party. I'm tired of these liars equating failure to raise the debt ceiling with default. The government could still pay its debt without raising the debt ceiling. It would just have to cut a bunch of spending. That's a good thing. It's sick how happy Obama and McConnell look in this picture. They're having a blast looting us.

"McConnell said that at this point the GOP had two choices: Either make a bad deal — from their perspective — with Obama or take the country into default, which, McConnell suggested would do even more damage to the party. He compared the situation to 1995, when the GOP forced a government shutdown.
“We know that’s going to happen. Just like we knew shutting down the government in 1995 was not going to work for us,” he said. “It helped Bill Clinton get reelected. I refuse to help Barack Obama get reelected.”"

It's not 1995. And cutting a bunch of government spending will boost the economy, and Republicans could take credit for that.

Nice explanation of how private exchanges create wealth and therefore jobs, but how government spending squanders wealth and destroys jobs.

Remember when Obama's stimulus boondoggle was going to put broadband in rural homes? Guess what it cost.

"The median home prices are between $94,400 and $189,000.' So how much did it cost per unserved household to get them broadband access? A whopping $349,234, or many multiples of household income, and significantly more than the cost of a home itself."

Wonderful.

Explanation of why the debt ceiling negotiations are a charade.

"Maybe you have noticed the game that the media manipulators play: they announce a Big Government Deal in the headline, only to add later in the story these words: "over the next decade." This is the baloney factor.To take away the hype, divide by ten. Then try to find a breakdown of the figures. Without exception, most of the savings or benefits in the heralded breakthrough are scheduled for the last three years. The package is back-loaded.With spending cuts, this decade gives Congress plenty of time to write new laws that spend far more than the proposed savings promised in the last three years."

Future Congress's never allow themselves to be restricted by these deals, and the Congress-crooks making the deals know it.

Lord Geithner finally admits what many of us have been saying:

"Yes, dear reader, Mr. Geithner appeared on Meet the Press over the weekend and surrendered. He told the world that Americans faced a tough economy and that it would “feel very hard, harder than anything they’ve experienced in their lifetime.”He’s probably right about that. But we can’t help but wonder: how does he know? Until now, he has not had a clue. What happened? Did he see a burning bush on the road to Damascus? Did he get hit in the head by a rock? Has he come around to The Daily Reckoning point of view? Or is it a set-up?"

Better late than never.

Proposed passport application would deny passports to most Americans.

More on Italy's debt problems.

"When you look at them as a group, the stocks of the five largest Italian banks have lost 27% since the beginning of 2011.
That is not a good sign.Also, investors are starting to dump Italian government debt. Reuters says that the yield on 10 year Italian bonds is approaching the danger zone....The spread of the Italian 10-year government bond yield over benchmark German Bunds hit euro lifetime highs around 2.45 percentage points on Friday, raising the Italian yield to 5.28 percent, close to the 5.5-5.7 percent area which some bankers think could start putting heavy pressure on Italy's finances.The Italian national debt is now up to about 120 percent of GDP. The Italian government would be able to manage it if interest rates were very, very low. But unfortunately they are rising fast and if they get too much higher they are going to become suffocating."

The coming collapse is going to be worse than anything anybody has experienced.

HEALTH CARE:

Hows the FDA protects Big Pharma and their dangerous drugs but attacks produces of supplements. That's what the FDA was created to do.

GLOBAL WARMING AND ENERGY:

Contrary to Obama's demagogic claims, America's top three oil companies pay over 40 percent income tax rate.

Remember during the 2008 campaign when Obama explained how he would put coal power plants and coal mines out of business? He's having the EPA do it.

"Coal plants will be forced to install new scrubber equipment that provides marginal improvement in air quality at tremendous expense. This cost will be passed along to the consumer in the form of higher electricity costs.NERA Economic Consulting studied the impact of a pair of EPA rules affecting coal and estimated the extra cost would total $184 billion through the year 2030. This includes $72 billion in capital costs that coal companies will have to pay right now to comply. Electric bills will jump 12 percent by 2016 with areas such as Kentucky and Tennessee seeing a 24 percent increase. Employment will drop by a net 1.4 million jobs."

And they pretend to wonder why our economy is hurting so bad.

Environmentalists pressure Germany to shut down nuclear plants, so the German government uses climate fund money to build coal and natural gas power plants. Environmentalists are having a melt down.

The House's attempt to repeal the light bulb ban failed.

Australian woman confirms my recollection that the PM was elected on a promise she would not implement a carbon tax. Then she did. Australians are livid. This is a naked vote-buying scam.

POLICE STATE:

Great demotivational poster.

WAR:

Fear that the US will declare war on Pakistan.

POLITICS:

This is how the western world works:

"How does it work? Don't know, exactly ... But probably, the dark-suited gentlemen sitting erectly in your office indicating that as a "patriot" and successful businessperson you ought to be helpful to your country, is politely pressuring you.Then comes the hook. Perhaps you ought to think about making a movie that takes a favorable look at the military-industrial complex. Maybe you ought to build a back door into your software so the government can use it to catch "criminals." Are you making cars? Perhaps you ought to come up with a special military model.Likely, you will be offered money as well. And told that significant, shadowy individuals have taken a sizeable position in your firm. Most CEOs will say yes. The ones that say "no" may soon find themselves under attack via the media, politically or corporately.
This is how the EU apparently operates. Important politicians and corporate types are told if they do not cooperate with the Eurocrat vision, they'll be thoroughly embarrassed by one revelation after another. On the other hand, if they are helpful, they'll be provided a numbered Swiss account and a good deal of secret cash. The corruption thus goes right to the top. Everybody is involved in the conspiracy."

No doubt it works the same in the US.

MISC:

I had no idea government was this prejudiced against white people.

"Though 10 percent of the U.S. civilian labor force, African-Americans are 18 percent of U.S. government workers. They are 25 percent of the employees at Treasury and Veterans Affairs, 31 percent of the State Department, 37 percent of Department of Education employees and 38 percent of Housing and Urban Development. They are 42 percent of the Equal Employment Opportunity Commission and Pension Benefit Guaranty Corp., 55 percent of the employees at the Government Printing Office and 82 percent at the Court Services and Offender Supervision Agency."

It's interesting how different agencies are so differently biased.