The Republican majority that takes over the House this week plans an ambitious drive to slash government spending by tens of billions of dollars in the next few months...
* THEY'D BETTER!
House Republicans have also set their sights on scaling back [counterproductive] environmental [over]-regulations and tightening border security.
(*CLAP-CLAP-CLAP*)
Cutting spending in the middle of a fiscal year "is a total end-run around the budget process," said Maryland Rep. Chris Van Hollen, the top Democrat on the budget committee.
(*SMIRK*) WELL... SINCE THE DEMOCRATS DIDN'T BOTHER WITH A BUDGET LAST YEAR THAT'S A BIT OF A HOLLOW COMPLAINT.
In another early move, Republicans are requiring the reading of the U.S. Constitution on Thursday...
* THANK GOD! INDEED, EACH DAILY SESSION OF EACH HOUSE OF CONGRESS AND EACH COMMITTEE HEARING SHOULD START WITH A READING OF THE CONSTITUTION! MOST POLITICIANS COULD USE THE REFRESHER!
First up among the proposed spending cuts is one that will be offered later this week to shave 5% from the operating budgets for individual members' offices, committees and leadership staff.
* THIS WAS ACTUALLY MY IDEA. NO... I MEAN PERSONALLY. THIS WAS SOMETHING I SUGGESTED TO MY (SUCCESSFUL) CANDIDATE FOR THE HOUSE, CONGRESSWOMAN-ELECT NAN HAYWORTH (NY-19) THE FIRST TIME I MET HER WHEN SHE FIRST THREW HER HAT IN THE RING FOR THE GOP NOMINIATION (WHICH OBVIOUSLY SHE LATER WON).
The bigger recission bill - which will essentially take back money that is already appropriated - will take shape over the next month or two. (One target is part of the president's $814 billion stimulus that hasn't been promised to existing programs, which Republicans estimate would save $12 billion.)
More than two months after the Obama administration lifted its ban on drilling in the deep-water Gulf of Mexico, oil companies are still waiting for approval to drill the first new oil well there.
Experts now expect the wait to continue until the second half of 2011, and perhaps into 2012.
* SO... "LIFTING" THE BAN DOESN'T SEEM TO HAVE... er... "LIFTED" THE BAN. HOW DO YOU LIKE THOSE RISING GAS PRICES, FOLKS? HOW MANY OF OUR FELLOW AMERICANS DO YOU SUPPOSE ARE STILL UNEMPLOYED DUE TO OBAMA'S... er... "NON-BAN?"
(*SMIRK*)
The administration says it is simply trying to enforce new safety rules...
(*ROLLING MY EYES*)
* HEY... FOLKS... I'VE GOT A REALLY NICE BRIDGE IN BROOKLYN... ANY OFFERS...?
[T]he delay is hurting big oil companies such as Chevron Corp. and Royal Dutch Shell PLC, which have billions of dollars in investments tied up in Gulf projects that are on hold and are paying hundreds of thousands of dollars a day for rigs that aren't allowed to drill. Smaller operators such as ATP Oil & Gas Corp., which have less flexibility to focus on projects in other regions, have been even harder hit.
* HEY... (*SMIRK*)... BESIDES THE UNEMPLOYMENT CAUSED, WHO DO YOU SUPPOSE ULTIMATELY PAYS THE PRICE FOR ALL THIS OBAMA-CAUSED LOST PRODUCTIVITY?
(*SMIRK*) YEP. YOU AND ME. THAT'S RIGHT.
The Energy Information Administration, the research arm of the Department of Energy, last month predicted that domestic offshore oil production will fall 13% this year from 2010 due to the moratorium and the slow return to drilling...
(*SMIRK*) AND THIS IS GOOD... THIS IS IN THE NATIONAL INTEREST... HOW...???
Drilling in waters of less than 500 feet also has been snared... Rig operators say drilling permits once approved in a matter of weeks have taken up to five months to process as the government introduced new rules.
* FOLKS... WHAT'S IT GONNA TAKE...???
Some companies are shifting investments out of the Gulf. BP PLC recently said it would move a brand-new rig that was meant to work in the Gulf, Pride International Inc.'s Deep Ocean Ascension, to Libya. Marathon Oil Corp. has tried to cancel a contract for a newly built Gulf rig owned by Noble Corp.
(*SIGH*)
The slow pace of permitting has drawn fire even from some Congressional Democrats, especially Louisiana Sen. Mary Landrieu, who has said the policy is hurting the region's economy.
Louisiana Department of Natural Resources Secretary Scott Angelle pushed for a return to drilling last month. "It's time to get the men and women of this industry back to work, as well as the other industries that are dependent upon drilling activity for survival - the welders, the boat captains, the pipefitters and caterers," he said. "There is a multitude of individuals on the coast who want to get back to work finding the fuel to energize America."
* OBAMA DOESN'T CARE. (EITHER THAT... EITHER THIS IS DELIBERATE POLICY... OR ELSE OBAMA IS COMPLETELY INCOMPETENT.)
Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.
The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford.
(*SMIRK*)
* SERIOUSLY, THOUGH, FOLKS, IT'S NOT FUNNY. THE OLIGARCHS ARE ROBBING US BLIND RIGHT IN PLAIN SIGHT. THE INMATES ARE RUNNING THE ASYLUM.
Another top [Geithner] aide, Lee Sachs, reported more than $3 million in salary and partnership income from Mariner Investment Group, a New York hedge fund.
[Recall Geithner the Tax Cheat's boss - President Obama had as a candidate] promised to "change" Washington by keeping lobbyists for special interests at a distance and by making decisions in the open.
(*SMIRK*)
* HOW'S THAT "CHANGE" WORKING OUT FOR YA, FOLKS?
Sperling and Sachs are each paid $162,900 at the Treasury.
(*PURSED LIPS*) (I WONDER HOW MUCH EACH MAN HAS DONATED TO DEMOCRATIC CAMPAIGNS OVER THIS PAST YEAR?)
Along with four others, they hold the title of "counselor" to Geithner.
* HMM... "COUNSELOR," HUH... KINDA LIKE A "CONSIGLIERE," HUH?
Sachs, 46, withdrew earlier this year from consideration to be the Treasury’s top domestic finance official, a job that would have required Senate confirmation.
(*SMIRK*)
Geithner’s predecessor, Henry Paulson, brought on a coterie of non-confirmed advisers from Goldman Sachs at the end of his term.
* OH! AND LOOK AT HOW WELL THAT WORKED OUT! (*SNICKER*) (*GUFFAW*)
The 6-minute, 48-second cartoon features two stuffed animals, drawn in Pokémon style, talking about monetary policy. Specifically, the bears - or are they dogs? - point out the illogic in the official Federal Reserve position that today the danger of deflation is greater than that of inflation. The animals also criticize the Fed officials' recent pursuit of QE2, the acronym for its decision to inject $600 billion into the economy.
* FOLKS... (*CHUCKLE*)... IF YOU'VE NEVER SEEN THIS, YOU'VE GOTTA WATCH IT!
The Justice Department’s Civil Rights Division has no time to pursue voter-intimidation cases against black defendants. But it has plenty of time to pursue local school boards that make common-sense decisions about student dress codes and accommodations for teachers’ religious practices.
(*SMIRK*)
The contrast between what the division does and doesn’t regard as important reveals a radical ideology on the loose - and the willingness of this administration’s political appointees to abuse the civil-rights laws they are supposed to enforce.
(*NOD*)
In the latest outrage, the Civil Rights Division is suing the board of education in the leafy Chicago suburb of Berkeley, Ill. The board’s offense? It would not allow a middle-school computer-math-lab teacher to take off three weeks during December’s crucial end-of-semester course reviews and final exams in order to make a pilgrimage to Mecca.
Assuming that the students’ education is the top priority of the school board, it is simply not reasonable to let a teacher leave during this crucial period.
(*SHRUG*) (*NOD*)
Extremists in the Civil Rights Division are pouncing on other school policies as well. ... These days, the division believes that prohibiting boys from wearing makeup, nail polish, and high heels is sex discrimination.
The civil-rights statutes prohibit sex discrimination. Today’s division wants to equate sex with sexual orientation or, as it said in one letter, “perceived sexual identity.”
The current cases involve two schools in upstate New York that supposedly discriminated against one male student who wore a pink wig and makeup and another male student who wore a wig and stiletto heels and wanted to be able to “dress like a woman.” These students had violated the schools’ common-sense dress codes and were told to change clothes and remove the makeup. That prompted the Civil Rights Division to come knocking. The boys were being treated “differently” from female students, and such differential treatment, the division asserted, “implicate[s] the civil rights laws that we enforce.”
* FOLKS... (*SIGH*)... YA CAN'T MAKE THIS SHIT UP! THIS IS THE AGE OF OBAMA, PEOPLE; HOLDER IS OBAMA'S MAN. (*SHRUG*)
As Roger Clegg of the Center for Equal Opportunity observes: “The Obama administration apparently believes that it is unconstitutional for high schools to have a dress code that makes distinctions between what is appropriate dress for males and what is appropriate dress for females.” Clegg also points out that the division’s attempt to equate “sexual-orientation discrimination” with sex discrimination, by asserting that the use of sexual “stereotypes” is an instance of the latter, is nothing but naked bootstrapping (if you will pardon the expression). But legal justification or not, in the eyes of the warped and silly (but dangerous) lawyers inhabiting the division, barring boys from wearing stiletto heels is a serious civil-rights violation.
The bizarre...policies of today’s Civil Rights Division have nothing to do with ensuring real civil-rights protections. Instead, the division’s radical lawyers seem determined to use the agency’s power to impose their peculiar cultural and social views on the rest of us. ... The division also wants to literally make a federal case out of derogatory name calling - something that can (and should) be handled at the local level. If you, as an immature teenager, make fun of another boy because he “dyed his hair [and] wore makeup and nail polish,” or you otherwise engage in what the division terms “teasing,” look out. The division may force your school to put you in a “training” class to educate you as to how you are discriminating on the basis of “gender identity, gender expression, and sexual orientation.” That’s what the division did in its settlement agreement with New York’s Mohawk Central School District.
(*HEADACHE*)
One can only hope that the public will soon take notice of the Obama administration’s abuse of its civil-rights enforcement function. ... [The Obama/Holder "Justice" Department apparently believes] discrimination by some racial groups is perfectly acceptable. [T]he...Department dismissed the New Black Panther Party voter-intimidation case it had already won. It is...studiously not pursuing cases like the one filed against Southern Illinois University in 2006 for maintaining a paid fellowship program that categorically excluded white males from applying.
* FOR THE FEW OF YOU WHO READ MY NEWSBITES... (*SIGH*)... CONSIDER: HOW MANY OF YOUR FRIENDS, RELATIVES, AND JUST REGULAR PEOPLE WHO YOU RUN INTO DAY IN AND DAY OUT WOULD YOU GUESS ARE AWARE OF ANY OF THIS?
Two U.S. service members were killed in central Iraq on Sunday night in a rare loss of life for the American military here since the last U.S. combat troops left the country in August.
* THE LAST U.S. COMBAT TROOPS DID NOT LEAVE IRAQ LAST AUGUST; U.S. COMBAT TROOPS ARE STILL ACTIVELY DEPLOYED AND FIGHTING IN IRAQ; WE KNOW THIS.
* FOLKS... THIS IS THE WASHINGTON POST CARRYING THIS PROPAGANDA... NO GOOD, FOLKS... NOT GOOD...
Twelve U.S. soldiers have died across Iraq from violence, accidents or other causes since August.
* TWELVE "NON-COMBAT" TROOPS... (*LOOK OF DISGUST*)
On Saturday, the clock began ticking on the U.S. military's last scheduled year in Iraq. Roughly 48,000 service members remain in the country. Unless the Iraqi government asks the United States to keep the military in the country, the number of troops will hold steady until summer and then drop off precipitously in the second half of the year, commanders say. The deadline for all U.S. troops to leave is Dec. 31, 2011.
* 48,000 "NON-COMBAT" TROOPS... (*SNORT*)
* OH... BTW... FOR SOME "UNKNOWN" REASON THE WASHINGTON POST FAILS TO NOTE HOW MANY CIVILIAN "SECURITY" CONTRACTORS WORKING FOR THE U.S. GOVERNMENT ARE DEPLOYED IN IRAQ. THE WASHINGTON POST ALSO FAILS TO HIGHLIGHT THE NUMBER OF STATE DEPARTMENT "SECURITY" PERSONNEL AND OTHER NON-DoD U.S. "SECURITY" PERSONNEL ARE STILL IN IRAQ.
* FOLKS... UNDERSTAND... YOU'RE BEING LIED TO BY OBAMA, CLINTON, AND THEIR ALLIES IN THE MEDIA. (WE'VE COVERED THIS ALL IN PAST NEWSBITES...)
Russian President Dmitry Medvedev signed on Monday a decree reducing the number of federal officials by 20% until 2013, the Kremlin press service said.
According to the decree, the number of federal officials is to be reduced by 5% in 2011 and 2012 and then by 10% in 2013.
(*CLAP-CLAP-CLAP*)
* SOUNDS LIKE WE COULD LEARN A THING OR TWO FROM THE RUSSIANS!
On his final night in office, [former California] Gov. Arnold Schwarzenegger reduced the prison sentence of the son of former Assembly Speaker Fabian Nuñez, Esteban Nuñez, who had pleaded guilty to participating in the killing of a college student.
The [former] governor also granted several other commutations and pardons and gave plum government appointments to political allies and the spouse of his chief of staff.
* SCHWARZENEGGER IS A PIECE OF HUMAN GARBAGE.
* SO IS THIS FABIAN NUNEZ CHARACTER... JUST GOOGLE HIM.
* FOLKS... UNDERSTAND... RINOs AND DEMOCRATS ARE PEAS IN A POD.
Gov. Andrew Cuomo says he's taking a 5% pay cut, along with five top aides and Lt. Gov. Robert Duffy.
Cuomo says he'll return to the state that portion of the $179,000 governor's salary, which was set by law in 1999. It amounts to $8,950.
"Change starts at the top and we will lead by example," Governor Cuomo said in a statement. "Families and business owners in every corner of the state have learned to do more with less in order to live within their means and government must do the same."
Staff in the Executive Chamber agreeing to similar cuts from their predecessors' salaries are the governor's secretary, counsel, director of state operations, counselor and chief of staff.
(*CLAP-CLAP-CLAP*)
* HEY... I GIVE CREDIT WHERE CREDIT'S DESERVED.
Cuomo says Monday that New Yorkers have learned to do more with less in order to live within their means, and the government has to do the same.
He has proposed a pay freeze for the state's nearly 200,000 employees to help deal with a looming $9 billion budget deficit.
* NOW... LET'S SEE IF WE CAN KEEP SALARIES FROZEN TILL THEY'RE IN LINE WITH PRIVATE SECTOR EARNINGS!
* IT'S REALLY THE PENSIONS THAT ARE THE PROBLEM: WE MUST END THE PONZI SCHEME KNOWN AS PENSIONS AND UTILIZE THE INDIVIDUAL 401-K MODEL FOR ALL CITIZENS.
The [Illinois] legislative session that began today as the [Illinois] House convened will take aim at a budget deficit of at least $13 billion, including a backlog of more than $6 billion in unpaid bills and almost $4 billion in missed payments to underfunded state pensions.
* RECALL, FOLKS... ILLINOIS IS THE STATE WHERE OBAMA FIRST CUT HIS TEETH AS A LEGISLATOR. (*SMIRK*)
The fiscal mess is largely of the lawmakers’ own making, and failure to address the shortages threatens public schools, local governments and other public services, said Dan Hynes, the state’s outgoing comptroller.
Illinois shares with California the lowest U.S. state credit rating from Moody’s Investors Service, which in September forecast possible “further financial deterioration.”
Illinois’s deficit, about half its $26 billion general-fund budget, puts it among the U.S. states confronting $140 billion in shortfalls in the coming fiscal year after closing $160 billion in gaps this year...
* OH, YEAH... (*SNICKER*)... THE OBAMA ECONOMIC RECOVERY IS JUST STEAMING ALONG!
The cost of insuring Illinois debt against default rose to a five- month high last week as the state headed into this year without a plan to finance a $3.7 billion pension-fund contribution.
Lawmakers meeting in Springfield will consider spending cuts, an expansion of casino gambling and a proposal from Democratic Governor Pat Quinn to borrow $15 billion to pay overdue bills and help fill the budget hole.
* "...AN EXPANSION OF CASINO GAMBLING..." "...A PROPOSAL FROM THE DEMOCRATIC GOVERNOR TO BORROW AN ADDITIONAL $15 BILLION ON TOP OF WHAT THE STATE ALREADY OWES AND CAN'T REPAY...???"
The current-year budget deficit of $13 billion is roughly half the size of the state’s general-fund budget. Borrowing to pay bills continues. In November the state sold $1.5 billion of bonds backed by tobacco settlement payments to help pay vendors.
* SERIOUSLY, FOLKS... THIS IS WHERE BARAK OBAMA LEARNED HOW TO BE A POLITICIAN.
Illinois business leaders have warned that the state’s failure to properly fund pensions means the plans will run out of money to pay promised benefits before the decade ends.
“We have seen a lot of the budgetary tools that really don’t qualify as real solutions used, whether it’s short-term borrowing, pension borrowing, delays in payments, the sale of future revenues,” Hynes said.
“The state has been spending $3 for every $2 it takes in, and borrowing to cover its current operating expenses,” said [Miles] White, chairman of the Civic Committee of the Commercial Club of Chicago. The state had $64 billion of assets to pay estimated liabilities of $126.4 billion as of June...
* THIS IS THE SYSTEM THAT CREATED BARAK HUSSEIN OBAMA, NOW PRESIDENT OF THESE UNITED STATES... (*SIGH*)
People’s retirement savings are a convenient source of revenue for governments that don’t want to reduce spending or make privatizations.
The most striking example is Hungary, where last month the government made the citizens an offer they could not refuse. They could either remit their individual retirement savings to the state, or lose the right to the basic state pension (but still have an obligation to pay contributions for it). In this extortionate way, the government wants to gain control over $14bn of individual retirement savings.
The Bulgarian government has come up with a similar idea. $300 million of private early retirement savings was supposed to be transferred to the state pension scheme. (The government gave way after trade unions protested and finally only about 20% of the original plans were implemented.)
A slightly less drastic situation is developing in Poland. The government wants to transfer of one-third of future contributions from individual retirement accounts to the state-run social security system. Since this system does not back its liabilities with stocks or even bonds, the money taken away from the savers will go directly to the state treasury and savers will lose about $2.3 billion a year.
The fourth example is Ireland. In 2001, the National Pension Reserve Fund was brought into existence for the purpose of supporting pensions of the Irish people in the years 2025-2050. The scheme was also supposed to provide for the pensions of some public sector employees (mainly university staff). However, in March 2009, the Irish government earmarked 4 billion euros from this fund for rescuing banks. In November 2010, the remaining savings of 2.5 billion euros was seized to support the bailout of the rest of the country.
* FOLKS... IRELAND. NOT BUGARIA. NOT HUNGARY. NOT EVEN POLAND. WE'RE TALKING IRELAND.
The final example is France. In November, the French parliament decided to earmark 33 billion euros from the national reserve pension fund FRR to reduce the short-term pension scheme deficit. In this way, the retirement savings intended for the years 2020-2040 will be used earlier, that is in the years 2011-2024, and the government will spend the saved up resources on other purposes.
Arizona state politicians will introduce model legislation this week to encourage states to prevent children of illegal immigrants from being granted citizenship under the 14th Amendment.
(*CLAP-CLAP-CLAP*)
Lawmakers in at least 14 states have said they are committed to passing the legislation targeting birthright citizenship.
(*CLAP-CLAP-CLAP*)
[T]he original intent of the 14th Amendment was to grant citizenship to freed U.S. slaves, and that it was never meant to apply to the children of foreigners [here illegally].
* TRUE!
* FOLKS... ONE OF THE KEY STUMBLING BLOCKS OF THE TIME WHEN THE 14TH AMENDMENT WAS PASSED WAS CONCERNING FEARS THAT EXACTLY WHAT HAS HAPPENED - EXACTLY HOW THE AMENDMENT HAS BEEN PERVERTED - MIGHT HAPPEN. AT THE TIME, PROPONENTS OF THE AMENDMENT ASSURED THEIR CONCERNED PEERS THAT IT NEVER WOULD.
(*SMIRK*)
* FOLKS... YOU'LL FIND ALL SORTS OF LIES AND HALF-TRUTHS ATTACHED TO THE ARGUMENTS IN FAVOR OF BIRTHRIGHT CITIZENSHIP FOR THE CHILDREN OF ILLEGAL ALIENS; DON'T BUY THEM. THE RECORD IS CLEAR AND ALWAYS HAS BEEN.
16 comments:
http://online.wsj.com/article/SB10001424052748704735304576058140900261436.html?mod=WSJ_hp_LEFTTopStories
The Republican majority that takes over the House this week plans an ambitious drive to slash government spending by tens of billions of dollars in the next few months...
* THEY'D BETTER!
House Republicans have also set their sights on scaling back [counterproductive] environmental [over]-regulations and tightening border security.
(*CLAP-CLAP-CLAP*)
Cutting spending in the middle of a fiscal year "is a total end-run around the budget process," said Maryland Rep. Chris Van Hollen, the top Democrat on the budget committee.
(*SMIRK*) WELL... SINCE THE DEMOCRATS DIDN'T BOTHER WITH A BUDGET LAST YEAR THAT'S A BIT OF A HOLLOW COMPLAINT.
In another early move, Republicans are requiring the reading of the U.S. Constitution on Thursday...
* THANK GOD! INDEED, EACH DAILY SESSION OF EACH HOUSE OF CONGRESS AND EACH COMMITTEE HEARING SHOULD START WITH A READING OF THE CONSTITUTION! MOST POLITICIANS COULD USE THE REFRESHER!
First up among the proposed spending cuts is one that will be offered later this week to shave 5% from the operating budgets for individual members' offices, committees and leadership staff.
* THIS WAS ACTUALLY MY IDEA. NO... I MEAN PERSONALLY. THIS WAS SOMETHING I SUGGESTED TO MY (SUCCESSFUL) CANDIDATE FOR THE HOUSE, CONGRESSWOMAN-ELECT NAN HAYWORTH (NY-19) THE FIRST TIME I MET HER WHEN SHE FIRST THREW HER HAT IN THE RING FOR THE GOP NOMINIATION (WHICH OBVIOUSLY SHE LATER WON).
The bigger recission bill - which will essentially take back money that is already appropriated - will take shape over the next month or two. (One target is part of the president's $814 billion stimulus that hasn't been promised to existing programs, which Republicans estimate would save $12 billion.)
(*CLAP-CLAP-CLAP*)
http://online.wsj.com/article/SB10001424052970204204004576050451696859780.html?mod=WSJ_hp_LEFTWhatsNewsCollection
More than two months after the Obama administration lifted its ban on drilling in the deep-water Gulf of Mexico, oil companies are still waiting for approval to drill the first new oil well there.
Experts now expect the wait to continue until the second half of 2011, and perhaps into 2012.
* SO... "LIFTING" THE BAN DOESN'T SEEM TO HAVE... er... "LIFTED" THE BAN. HOW DO YOU LIKE THOSE RISING GAS PRICES, FOLKS? HOW MANY OF OUR FELLOW AMERICANS DO YOU SUPPOSE ARE STILL UNEMPLOYED DUE TO OBAMA'S... er... "NON-BAN?"
(*SMIRK*)
The administration says it is simply trying to enforce new safety rules...
(*ROLLING MY EYES*)
* HEY... FOLKS... I'VE GOT A REALLY NICE BRIDGE IN BROOKLYN... ANY OFFERS...?
[T]he delay is hurting big oil companies such as Chevron Corp. and Royal Dutch Shell PLC, which have billions of dollars in investments tied up in Gulf projects that are on hold and are paying hundreds of thousands of dollars a day for rigs that aren't allowed to drill. Smaller operators such as ATP Oil & Gas Corp., which have less flexibility to focus on projects in other regions, have been even harder hit.
* HEY... (*SMIRK*)... BESIDES THE UNEMPLOYMENT CAUSED, WHO DO YOU SUPPOSE ULTIMATELY PAYS THE PRICE FOR ALL THIS OBAMA-CAUSED LOST PRODUCTIVITY?
(*SMIRK*) YEP. YOU AND ME. THAT'S RIGHT.
The Energy Information Administration, the research arm of the Department of Energy, last month predicted that domestic offshore oil production will fall 13% this year from 2010 due to the moratorium and the slow return to drilling...
(*SMIRK*) AND THIS IS GOOD... THIS IS IN THE NATIONAL INTEREST... HOW...???
Drilling in waters of less than 500 feet also has been snared... Rig operators say drilling permits once approved in a matter of weeks have taken up to five months to process as the government introduced new rules.
* FOLKS... WHAT'S IT GONNA TAKE...???
Some companies are shifting investments out of the Gulf. BP PLC recently said it would move a brand-new rig that was meant to work in the Gulf, Pride International Inc.'s Deep Ocean Ascension, to Libya. Marathon Oil Corp. has tried to cancel a contract for a newly built Gulf rig owned by Noble Corp.
(*SIGH*)
The slow pace of permitting has drawn fire even from some Congressional Democrats, especially Louisiana Sen. Mary Landrieu, who has said the policy is hurting the region's economy.
Louisiana Department of Natural Resources Secretary Scott Angelle pushed for a return to drilling last month. "It's time to get the men and women of this industry back to work, as well as the other industries that are dependent upon drilling activity for survival - the welders, the boat captains, the pipefitters and caterers," he said. "There is a multitude of individuals on the coast who want to get back to work finding the fuel to energize America."
* OBAMA DOESN'T CARE. (EITHER THAT... EITHER THIS IS DELIBERATE POLICY... OR ELSE OBAMA IS COMPLETELY INCOMPETENT.)
http://online.wsj.com/article/SB10001424052748704111504576059584167192612.html?mod=WSJ_hp_LEFTWhatsNewsCollection
Crude-oil futures kicked off the new year above $92 a barrel...
(*SIGH*)
Crude prices appear poised to head toward $100 a barrel this year, analysts say...
(*PURSED LIPS*)
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=abo3Zo0ifzJg&utm_source=twitterfeed&utm_medium=twitter
Some of Treasury Secretary Timothy Geithner’s closest aides, none of whom faced Senate confirmation, earned millions of dollars a year working for Goldman Sachs Group Inc., Citigroup Inc. and other Wall Street firms, according to financial disclosure forms.
The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford.
(*SMIRK*)
* SERIOUSLY, THOUGH, FOLKS, IT'S NOT FUNNY. THE OLIGARCHS ARE ROBBING US BLIND RIGHT IN PLAIN SIGHT. THE INMATES ARE RUNNING THE ASYLUM.
Another top [Geithner] aide, Lee Sachs, reported more than $3 million in salary and partnership income from Mariner Investment Group, a New York hedge fund.
[Recall Geithner the Tax Cheat's boss - President Obama had as a candidate] promised to "change" Washington by keeping lobbyists for special interests at a distance and by making decisions in the open.
(*SMIRK*)
* HOW'S THAT "CHANGE" WORKING OUT FOR YA, FOLKS?
Sperling and Sachs are each paid $162,900 at the Treasury.
(*PURSED LIPS*) (I WONDER HOW MUCH EACH MAN HAS DONATED TO DEMOCRATIC CAMPAIGNS OVER THIS PAST YEAR?)
Along with four others, they hold the title of "counselor" to Geithner.
* HMM... "COUNSELOR," HUH... KINDA LIKE A "CONSIGLIERE," HUH?
Sachs, 46, withdrew earlier this year from consideration to be the Treasury’s top domestic finance official, a job that would have required Senate confirmation.
(*SMIRK*)
Geithner’s predecessor, Henry Paulson, brought on a coterie of non-confirmed advisers from Goldman Sachs at the end of his term.
* OH! AND LOOK AT HOW WELL THAT WORKED OUT! (*SNICKER*) (*GUFFAW*)
http://www.forbes.com/forbes/2011/0117/opinions-amity-shlaes-current-events-cartoon-economics.html
The best commentary on Fed policy currently out there is a do-it-yourself animated short called Quantitative Easing Explained.
(Found at: http://www.youtube.com/watch?v=PTUY16CkS-k)
The 6-minute, 48-second cartoon features two stuffed animals, drawn in Pokémon style, talking about monetary policy. Specifically, the bears - or are they dogs? - point out the illogic in the official Federal Reserve position that today the danger of deflation is greater than that of inflation. The animals also criticize the Fed officials' recent pursuit of QE2, the acronym for its decision to inject $600 billion into the economy.
* FOLKS... (*CHUCKLE*)... IF YOU'VE NEVER SEEN THIS, YOU'VE GOTTA WATCH IT!
* TWO-PARTER... (Part 1 of 2)
http://www.nationalreview.com/articles/255994/civil-rights-gone-wild-hans-von-spakovsky
The Justice Department’s Civil Rights Division has no time to pursue voter-intimidation cases against black defendants. But it has plenty of time to pursue local school boards that make common-sense decisions about student dress codes and accommodations for teachers’ religious practices.
(*SMIRK*)
The contrast between what the division does and doesn’t regard as important reveals a radical ideology on the loose - and the willingness of this administration’s political appointees to abuse the civil-rights laws they are supposed to enforce.
(*NOD*)
In the latest outrage, the Civil Rights Division is suing the board of education in the leafy Chicago suburb of Berkeley, Ill. The board’s offense? It would not allow a middle-school computer-math-lab teacher to take off three weeks during December’s crucial end-of-semester course reviews and final exams in order to make a pilgrimage to Mecca.
Assuming that the students’ education is the top priority of the school board, it is simply not reasonable to let a teacher leave during this crucial period.
(*SHRUG*) (*NOD*)
Extremists in the Civil Rights Division are pouncing on other school policies as well. ... These days, the division believes that prohibiting boys from wearing makeup, nail polish, and high heels is sex discrimination.
(*JUST SHAKING MY HEAD*)
* To be continued...
* CONTINUING... (Part 2 of 2)
The civil-rights statutes prohibit sex discrimination. Today’s division wants to equate sex with sexual orientation or, as it said in one letter, “perceived sexual identity.”
The current cases involve two schools in upstate New York that supposedly discriminated against one male student who wore a pink wig and makeup and another male student who wore a wig and stiletto heels and wanted to be able to “dress like a woman.” These students had violated the schools’ common-sense dress codes and were told to change clothes and remove the makeup. That prompted the Civil Rights Division to come knocking. The boys were being treated “differently” from female students, and such differential treatment, the division asserted, “implicate[s] the civil rights laws that we enforce.”
* FOLKS... (*SIGH*)... YA CAN'T MAKE THIS SHIT UP! THIS IS THE AGE OF OBAMA, PEOPLE; HOLDER IS OBAMA'S MAN. (*SHRUG*)
As Roger Clegg of the Center for Equal Opportunity observes: “The Obama administration apparently believes that it is unconstitutional for high schools to have a dress code that makes distinctions between what is appropriate dress for males and what is appropriate dress for females.” Clegg also points out that the division’s attempt to equate “sexual-orientation discrimination” with sex discrimination, by asserting that the use of sexual “stereotypes” is an instance of the latter, is nothing but naked bootstrapping (if you will pardon the expression). But legal justification or not, in the eyes of the warped and silly (but dangerous) lawyers inhabiting the division, barring boys from wearing stiletto heels is a serious civil-rights violation.
The bizarre...policies of today’s Civil Rights Division have nothing to do with ensuring real civil-rights protections. Instead, the division’s radical lawyers seem determined to use the agency’s power to impose their peculiar cultural and social views on the rest of us. ... The division also wants to literally make a federal case out of derogatory name calling - something that can (and should) be handled at the local level. If you, as an immature teenager, make fun of another boy because he “dyed his hair [and] wore makeup and nail polish,” or you otherwise engage in what the division terms “teasing,” look out. The division may force your school to put you in a “training” class to educate you as to how you are discriminating on the basis of “gender identity, gender expression, and sexual orientation.” That’s what the division did in its settlement agreement with New York’s Mohawk Central School District.
(*HEADACHE*)
One can only hope that the public will soon take notice of the Obama administration’s abuse of its civil-rights enforcement function. ... [The Obama/Holder "Justice" Department apparently believes] discrimination by some racial groups is perfectly acceptable. [T]he...Department dismissed the New Black Panther Party voter-intimidation case it had already won. It is...studiously not pursuing cases like the one filed against Southern Illinois University in 2006 for maintaining a paid fellowship program that categorically excluded white males from applying.
* FOR THE FEW OF YOU WHO READ MY NEWSBITES... (*SIGH*)... CONSIDER: HOW MANY OF YOUR FRIENDS, RELATIVES, AND JUST REGULAR PEOPLE WHO YOU RUN INTO DAY IN AND DAY OUT WOULD YOU GUESS ARE AWARE OF ANY OF THIS?
* FOLKS... WE'RE IN TROUBLE.
http://www.washingtonpost.com/wp-dyn/content/article/2011/01/03/AR2011010300325.html
Two U.S. service members were killed in central Iraq on Sunday night in a rare loss of life for the American military here since the last U.S. combat troops left the country in August.
* THE LAST U.S. COMBAT TROOPS DID NOT LEAVE IRAQ LAST AUGUST; U.S. COMBAT TROOPS ARE STILL ACTIVELY DEPLOYED AND FIGHTING IN IRAQ; WE KNOW THIS.
* FOLKS... THIS IS THE WASHINGTON POST CARRYING THIS PROPAGANDA... NO GOOD, FOLKS... NOT GOOD...
Twelve U.S. soldiers have died across Iraq from violence, accidents or other causes since August.
* TWELVE "NON-COMBAT" TROOPS... (*LOOK OF DISGUST*)
On Saturday, the clock began ticking on the U.S. military's last scheduled year in Iraq. Roughly 48,000 service members remain in the country. Unless the Iraqi government asks the United States to keep the military in the country, the number of troops will hold steady until summer and then drop off precipitously in the second half of the year, commanders say. The deadline for all U.S. troops to leave is Dec. 31, 2011.
* 48,000 "NON-COMBAT" TROOPS... (*SNORT*)
* OH... BTW... FOR SOME "UNKNOWN" REASON THE WASHINGTON POST FAILS TO NOTE HOW MANY CIVILIAN "SECURITY" CONTRACTORS WORKING FOR THE U.S. GOVERNMENT ARE DEPLOYED IN IRAQ. THE WASHINGTON POST ALSO FAILS TO HIGHLIGHT THE NUMBER OF STATE DEPARTMENT "SECURITY" PERSONNEL AND OTHER NON-DoD U.S. "SECURITY" PERSONNEL ARE STILL IN IRAQ.
* FOLKS... UNDERSTAND... YOU'RE BEING LIED TO BY OBAMA, CLINTON, AND THEIR ALLIES IN THE MEDIA. (WE'VE COVERED THIS ALL IN PAST NEWSBITES...)
http://www.wisn.com/r/26347040/detail.html
* "INTERESTING" THE LACK OF "DETAIL," NO?
(*SMIRK*)
* FOLKS... 2011 HAS A UNCOMFORTABLE RESEMBLANCE TO ORWELL'S 1984.
* WHERE'S THE SECURITY CAMERA FOOTAGE...???
(*SMIRK*)
http://en.rian.ru/russia/20110103/162033799.html
Russian President Dmitry Medvedev signed on Monday a decree reducing the number of federal officials by 20% until 2013, the Kremlin press service said.
According to the decree, the number of federal officials is to be reduced by 5% in 2011 and 2012 and then by 10% in 2013.
(*CLAP-CLAP-CLAP*)
* SOUNDS LIKE WE COULD LEARN A THING OR TWO FROM THE RUSSIANS!
http://www.theblaze.com/stories/safe-two-young-girls-climb-usmexico-border-fence-in-under-18-seconds/
(*JUST SHAKING MY HEAD*)
http://www.latimes.com/news/local/la-me-arnold-pardons-20110103,0,5382022.story
On his final night in office, [former California] Gov. Arnold Schwarzenegger reduced the prison sentence of the son of former Assembly Speaker Fabian Nuñez, Esteban Nuñez, who had pleaded guilty to participating in the killing of a college student.
The [former] governor also granted several other commutations and pardons and gave plum government appointments to political allies and the spouse of his chief of staff.
* SCHWARZENEGGER IS A PIECE OF HUMAN GARBAGE.
* SO IS THIS FABIAN NUNEZ CHARACTER... JUST GOOGLE HIM.
* FOLKS... UNDERSTAND... RINOs AND DEMOCRATS ARE PEAS IN A POD.
http://www.nbcnewyork.com/news/local-beat/Cuomo-Cuts-His-Salary-By-5-Percent-in-Tough-Times-112815749.html
Gov. Andrew Cuomo says he's taking a 5% pay cut, along with five top aides and Lt. Gov. Robert Duffy.
Cuomo says he'll return to the state that portion of the $179,000 governor's salary, which was set by law in 1999. It amounts to $8,950.
"Change starts at the top and we will lead by example," Governor Cuomo said in a statement. "Families and business owners in every corner of the state have learned to do more with less in order to live within their means and government must do the same."
Staff in the Executive Chamber agreeing to similar cuts from their predecessors' salaries are the governor's secretary, counsel, director of state operations, counselor and chief of staff.
(*CLAP-CLAP-CLAP*)
* HEY... I GIVE CREDIT WHERE CREDIT'S DESERVED.
Cuomo says Monday that New Yorkers have learned to do more with less in order to live within their means, and the government has to do the same.
He has proposed a pay freeze for the state's nearly 200,000 employees to help deal with a looming $9 billion budget deficit.
* NOW... LET'S SEE IF WE CAN KEEP SALARIES FROZEN TILL THEY'RE IN LINE WITH PRIVATE SECTOR EARNINGS!
* IT'S REALLY THE PENSIONS THAT ARE THE PROBLEM: WE MUST END THE PONZI SCHEME KNOWN AS PENSIONS AND UTILIZE THE INDIVIDUAL 401-K MODEL FOR ALL CITIZENS.
http://www.bloomberg.com/news/2011-01-03/illinois-must-plug-13-billion-deficit-in-days-that-took-years-to-produce.html
The [Illinois] legislative session that began today as the [Illinois] House convened will take aim at a budget deficit of at least $13 billion, including a backlog of more than $6 billion in unpaid bills and almost $4 billion in missed payments to underfunded state pensions.
* RECALL, FOLKS... ILLINOIS IS THE STATE WHERE OBAMA FIRST CUT HIS TEETH AS A LEGISLATOR. (*SMIRK*)
The fiscal mess is largely of the lawmakers’ own making, and failure to address the shortages threatens public schools, local governments and other public services, said Dan Hynes, the state’s outgoing comptroller.
Illinois shares with California the lowest U.S. state credit rating from Moody’s Investors Service, which in September forecast possible “further financial deterioration.”
Illinois’s deficit, about half its $26 billion general-fund budget, puts it among the U.S. states confronting $140 billion in shortfalls in the coming fiscal year after closing $160 billion in gaps this year...
* OH, YEAH... (*SNICKER*)... THE OBAMA ECONOMIC RECOVERY IS JUST STEAMING ALONG!
The cost of insuring Illinois debt against default rose to a five- month high last week as the state headed into this year without a plan to finance a $3.7 billion pension-fund contribution.
Lawmakers meeting in Springfield will consider spending cuts, an expansion of casino gambling and a proposal from Democratic Governor Pat Quinn to borrow $15 billion to pay overdue bills and help fill the budget hole.
* "...AN EXPANSION OF CASINO GAMBLING..." "...A PROPOSAL FROM THE DEMOCRATIC GOVERNOR TO BORROW AN ADDITIONAL $15 BILLION ON TOP OF WHAT THE STATE ALREADY OWES AND CAN'T REPAY...???"
The current-year budget deficit of $13 billion is roughly half the size of the state’s general-fund budget. Borrowing to pay bills continues. In November the state sold $1.5 billion of bonds backed by tobacco settlement payments to help pay vendors.
* SERIOUSLY, FOLKS... THIS IS WHERE BARAK OBAMA LEARNED HOW TO BE A POLITICIAN.
Illinois business leaders have warned that the state’s failure to properly fund pensions means the plans will run out of money to pay promised benefits before the decade ends.
“We have seen a lot of the budgetary tools that really don’t qualify as real solutions used, whether it’s short-term borrowing, pension borrowing, delays in payments, the sale of future revenues,” Hynes said.
“The state has been spending $3 for every $2 it takes in, and borrowing to cover its current operating expenses,” said [Miles] White, chairman of the Civic Committee of the Commercial Club of Chicago. The state had $64 billion of assets to pay estimated liabilities of $126.4 billion as of June...
* THIS IS THE SYSTEM THAT CREATED BARAK HUSSEIN OBAMA, NOW PRESIDENT OF THESE UNITED STATES... (*SIGH*)
http://www.csmonitor.com/Business/The-Adam-Smith-Institute-Blog/2011/0102/European-nations-begin-seizing-private-pensions
People’s retirement savings are a convenient source of revenue for governments that don’t want to reduce spending or make privatizations.
The most striking example is Hungary, where last month the government made the citizens an offer they could not refuse. They could either remit their individual retirement savings to the state, or lose the right to the basic state pension (but still have an obligation to pay contributions for it). In this extortionate way, the government wants to gain control over $14bn of individual retirement savings.
The Bulgarian government has come up with a similar idea. $300 million of private early retirement savings was supposed to be transferred to the state pension scheme. (The government gave way after trade unions protested and finally only about 20% of the original plans were implemented.)
A slightly less drastic situation is developing in Poland. The government wants to transfer of one-third of future contributions from individual retirement accounts to the state-run social security system. Since this system does not back its liabilities with stocks or even bonds, the money taken away from the savers will go directly to the state treasury and savers will lose about $2.3 billion a year.
The fourth example is Ireland. In 2001, the National Pension Reserve Fund was brought into existence for the purpose of supporting pensions of the Irish people in the years 2025-2050. The scheme was also supposed to provide for the pensions of some public sector employees (mainly university staff). However, in March 2009, the Irish government earmarked 4 billion euros from this fund for rescuing banks. In November 2010, the remaining savings of 2.5 billion euros was seized to support the bailout of the rest of the country.
* FOLKS... IRELAND. NOT BUGARIA. NOT HUNGARY. NOT EVEN POLAND. WE'RE TALKING IRELAND.
The final example is France. In November, the French parliament decided to earmark 33 billion euros from the national reserve pension fund FRR to reduce the short-term pension scheme deficit. In this way, the retirement savings intended for the years 2020-2040 will be used earlier, that is in the years 2011-2024, and the government will spend the saved up resources on other purposes.
* FOLKS... FRANCE!
http://news.yahoo.com/s/yblog_thelookout/14-states-may-target-birthright-citizenship
Arizona state politicians will introduce model legislation this week to encourage states to prevent children of illegal immigrants from being granted citizenship under the 14th Amendment.
(*CLAP-CLAP-CLAP*)
Lawmakers in at least 14 states have said they are committed to passing the legislation targeting birthright citizenship.
(*CLAP-CLAP-CLAP*)
[T]he original intent of the 14th Amendment was to grant citizenship to freed U.S. slaves, and that it was never meant to apply to the children of foreigners [here illegally].
* TRUE!
* FOLKS... ONE OF THE KEY STUMBLING BLOCKS OF THE TIME WHEN THE 14TH AMENDMENT WAS PASSED WAS CONCERNING FEARS THAT EXACTLY WHAT HAS HAPPENED - EXACTLY HOW THE AMENDMENT HAS BEEN PERVERTED - MIGHT HAPPEN. AT THE TIME, PROPONENTS OF THE AMENDMENT ASSURED THEIR CONCERNED PEERS THAT IT NEVER WOULD.
(*SMIRK*)
* FOLKS... YOU'LL FIND ALL SORTS OF LIES AND HALF-TRUTHS ATTACHED TO THE ARGUMENTS IN FAVOR OF BIRTHRIGHT CITIZENSHIP FOR THE CHILDREN OF ILLEGAL ALIENS; DON'T BUY THEM. THE RECORD IS CLEAR AND ALWAYS HAS BEEN.
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