Saturday, October 12, 2013

Long Weekend Newsbites: Sat., Sun., & Mon., Oct. 12, 13, & 14, 2013


Well, like the old saying goes, "No news is good news."

Nothing on Drudge as of this morning's first viewing regarding a "deal" set in stone.

Who know what's true and what's not true? As Glenn Beck noted the other day, "news" is no longer about "news" - it's about swaying public opinion and setting up and supporting a particular narrative.

Again... same ol' tune... same broken record... but being as it's true and largely unrecognized out there I'll repeat myself: You can't trust Fox News. You can't trust the Wall Street Journal. You can't trust National Review.

(*SHRUG*)

No... I haven't descended into paranoid delusions that "everyone is against me."

(*RUEFUL CHUCKLE*)

I'm simply reinforcing a point I often make: While the Democrats are 99.787% scumbags... Republicans score in the 95% scumbag range. And who runs Fox... the WSJ... NRO...? That's right! Republicans!

Folks... listen to me. Read my blog. Read my newsbites. Listen to Glenn Beck, Rush Limbaugh, Mark Levin, and others who will be honest with you.

I know at least one of you is laughing with little amusement and much scorn at the "listening" advice I've just given you, but that person doesn't listen... not with an open mind... not to them. How do I know? Well... this person listens to me.

(*PAUSE*)

This person doesn't always agree with me. Indeed, often this person doesn't! But this person listens... to me. This person considers... what I have to say. Therefore... since on most occasions Beck, Limbaugh, and Levin are in synch with me... and this person takes me seriously... it only seems logical that this person take Beck, Limbaugh, and Levin seriously.

In any case... off to the gym now... newsbites to follow!

5 comments:

William R. Barker said...

http://www.politico.com/story/2013/10/house-senate-saturday-session-government-shutdown-debt-ceiling-98218.html?hp=t1_3

Obama rejected the speaker’s effort to lift the debt ceiling for six weeks and reopen government while setting up a budget negotiating process.

*WOOH-HOO...!!! GOD BLESS OBAMA!

* FOLKS... THIS IS THE POLITICO... AND EVEN THEY HAVE TO CALL IT LIKE IT IS!

The pendulum has swung back to Senate Republicans, who now look more likely to cut a deal with Obama...

* YEP... LIKE I SAID... THIS IS POLITICO. (*SNORT*) FOLKS... NO DEAL CAN BE CUT WITHOUT BOTH THE HOUSE AND SENATE AGREEING TO IT. PERIOD.

Speaker John Boehner told House Republicans Saturday morning that his efforts to strike a deal with President Barack Obama are at a standstill.

House Majority Leader Eric Cantor (R-Va.) told the closed meeting of GOP lawmakers that, “Senate Republicans need to stand strong and fight,” according to sources in the room.

* I DON'T KNOW WHAT CANTOR MEANS BY THAT, BUT I URGE CRUZ & COMPANY TO CONTINUE TO FIGHT FOR THE DEFUNDING OF OBAMACARE WHILE PUTTING THE REST OF THE BUDGET UP WITH DISCUSSION AND NEGOTIATION WITH THE PROVISO THAT SPECIFIC PERCENTAGE CUTS BE MADE AGAINST THIS PAST YEAR'S BUDGET.

Sens. Susan Collins (R-Maine) and Joe Manchin (D-W.Va.) are circulating a 23-page draft bill that would increase the nation’s borrowing limit through January...

* SENATORS COLLINS AND MANCHIN HAVE NO INTEREST IN BRINGING FEDERAL SPENDING UNDER CONTROL, THEREFORE, THEY HAVE NO INTEREST IN BRINGING FEDERAL BORROWING UNDER CONTROL.

The bill would also delay ObamaCare's tax on medical devices for two years, while replacing the lost revenue by altering the way pensions are calculated.

* WHAT ABSOLUTE NONSENSE! IF IT MAKES SENSE TO CHANGE THE WAY PENSIONS ARE CALCULATED THAN CHANGE THE WAY PENSIONS ARE CALCULATED! ONE THING SHOULD HAVE NOTHING TO DO WITH THE OTHER.

* AS TO THE MEDICAL DEVICES TAX, OF COURSE IT WAS RIDICULOUS! BUT WHO RAMMED IT THROUGH AS PART OF OBAMACARE?! OBAMA AND THE DEMOCRATS, THAT'S WHO! IF THEY TRULY SUPPORT OBAMACARE - THE OBAMACARE THEY VOTED FOR - THEN WHY SHOULD THEY BE ATTACKING THEIR OWN CREATION? IF ON THE OTHER HAND THEY REALIZE RAMMING A BILL NONE OF THEM HAD ACTUALLY READ DOWN AMERICAN'S THROATS WAS A MISTAKE... THEY SHOULD JOIN WITH REPUBLICANS AND DEFUND THEIR FRANKENSTEIN MONSTER!

It would give increased autonomy to the heads of federal agencies under the constraints of sequester spending levels and provide funding increases for fire suppression, a key item for Sen. John McCain (R-Ariz.).

* FOLKS... POLITICS AS USUAL HAVEN'T WORKED. THEY'RE WHAT GOT US IN THIS MESS IN THE FIRST PLACE! IT'S TIME TO SHRINK AND RATIONALIZE GOVERNMENT, NOT RE-OPEN THE SPIGOT OF CONTINUOUS DEFICIT SPENDING!

William R. Barker said...

http://www.cnbc.com/id/101103819

As Washington is struggling with debt and all its political ramifications, American companies and consumers are embracing it, running up record amounts in 2013.

* AS LONG AS THE DEBT IS AFFORDABLE AND LOCKED IN AT LOW INTEREST RATES I CAN SEE IT... BUT... IF THE DEBT IS UNAFFORDABLE EVEN AT LOCKED IN LOW INTEREST RATES THERE'S THE POTENTIAL FOR DISASTER.

Whether it's corporate loans, all quality levels of bonds or simple consumer credit, the debt party is back on in the U.S., whether it's in the boardroom or the living room.

Amid the financial crisis of 2008, the U.S. went into what economists call a "debt deleveraging cycle" — akin to a credit hangover, where the party has ended and everyone there decides to quit drinking cold turkey.

Somebody has clearly turned the lights back on, though, and corporate and individual buying is soaring.

Consumer credit, for instance, surged past the $3 trillion mark in the second quarter of 2013 and continues on an upward trajectory, according to the most recent numbers from the Federal Reserve.

At $3.04 trillion, the total is up 22% over the past three years.

(Student loans are up a whopping 61%.)

* SINCE SALARIES ARE GOING UP THAT 61% NUMBER SPELLS DISASTER. (IT'S JUST A MATTER OF TIME...)

Total household debt, according to the Fed's flow of funds report, is at $13 trillion, nearly back to its pre-crisis level in 2007 and a shade below government debt of $15 trillion.

(*PURSED LIPS*)

"We have not solved (anything) when it comes to the deleveraging myth," said Michael Pento, president of Pento Portfolio Strategies. "We have learned nothing."

On the corporate side, debt issuance has surged as well, thanks to some high-profile deals in which companies have been able to go to market and easily raise funds. Through September, high-yield — or junk—bond - issuance came in at $378.2 billion, a new record and a 27% surge for the same period in 2012, according to Dealogic.

* JUNK BONDS... (YEA...?)

High-risk leveraged loans hit a global volume of $1.23 trillion, passing the trillion barrier for the first time since 2007.

* FOLKS... IS IT ME...???

* IF YOU READ THE ENTIRE ARTICLE YOU'LL FIND SOME MORONS PSYCHED ABOUT ALL THIS. BE MY GUEST! "CONSIDER" THEIR REACTION AS OPPOSED TO MINE.

William R. Barker said...

http://www.wtop.com/959/3479186/Crowd-storms-World-War-II-Memorial

* THIS IS MY AMERICA, FOLKS:

Thousands of people converged on the World War II Memorial on the National Mall on Sunday morning and tore down the barricades blocking it off, protesting the closure of the memorial during the federal government shutdown.

* AGAIN, FOLKS, AN OPEN-AIR MEMORIAL THAT NEVER SHOULD HAVE BEEN BARRACADED IN THE FIRST PLACE.

Beginning at about 9:30 a.m., Sens. Mike Lee, R-Utah, and Ted Cruz, R-Texas, as well as former Alaska Gov. Sarah Palin, were among the luminaries in a crowd that chanted "Tear down these walls!" and sang "God Bless America" as well as other patriotic songs as they entered the memorial, which has been closed since the government shutdown that began Oct. 1.

Tractor-trailers headed down 17th Street toward the Mall, blaring their horns. The Metropolitan Police Department blocked off the street, prompting the crowd to head up the street, shouting at the police to move their vehicles.

Cruz said that President Obama was using veterans as political pawns in the shutdown.

* AND HE HAS BEEN! YOU DON'T "SHUT DOWN" MONUMENTS THAT ARE ALWAYS "OPEN" - 24 HOURS A DAY, 365 DAYS A WEEK!

By 11 a.m., the group had headed back to the memorial, and dozens congregated around World War II veterans, shaking their hands and thanking them for their service.

* I WONDER WHAT THE NUMBERS ACTUALLY WERE...

Later in the morning, veteran Mike Lauriente was accepting handshakes from demonstrators. He served in Sicily and French Morocco, and declared the memorial, which he was seeing for the first time, beautiful. "The spirit that I see here is overwhelming."

* ME TOO, MIKE... ME TOO!

William R. Barker said...

http://ca.news.yahoo.com/afghan-uniform-shoots-u-soldiers-countrys-east-101900927.html

* AGAIN, FOLKS, NOTICE THE LINK... CANDADA YAHOO...

An Afghan man wearing an Afghan army uniform shot at U.S. soldiers in eastern Afghanistan, killing at least one serviceman on Sunday, local officials and the NATO-led coalition said.

* MORE BLOOD ON OBAMA'S HANDS...

The so-called "insider attack" in Paktika province is the fourth in less than a month...

(*SILENCE*)

A Reuters tally shows Sunday's incident was the tenth this year, and took the death toll of foreign personnel to 15.

(*SILENCE*)

Late on Saturday, U.S. Secretary of State John Kerry and Afghan President Hamid Karzai announced they had reached preliminary agreement on a bilateral security pact that now depends on the approval of Afghanistan's tribal leaders.

* INSANITY...

William R. Barker said...

http://blog.heritage.org/2013/10/10/jim-demint-letter-to-president-obama-about-obamacare/?utm_source=heritagefoundation&utm_medium=email&utm_campaign=&utm_content=&utm_source=heritagefoundation&utm_medium=email&utm_content=readthis&utm_campaign=saturday131012

* AN OPEN LETTER TO PRESIDENT OBAMA FROM SEN. JIM DEMINT (RET.), PRESIDENT, HERITAGE FOUNDATION

Dear Mr. President:

As the temporary slowdown in government operations enters its second week, I write to explain why conservatives have insisted on making the Patient Protection and Affordable Care Act the prime source of contention. Speaking for our organization, I can tell you we’re in this fight because of the harm the law is inflicting on Americans across the country.

We are fighting for people like Michael Cerpok, a leukemia patient in Arizona, who recently learned he will lose his current health insurance due to this misguided law. He notes that “my $4,500 out-of-pocket [expense] is going to turn into a minimum of $26,000 out-of-pocket to see the doctor that I’ve been seeing the last seven years,” and he worries that he and his wife might need to take second jobs to stay afloat.

We are fighting for people like California resident Tom Waschura, who voted for you twice, yet was shocked by the higher premium bill he recently received in the mail. Tom’s insurance rates will go up by almost $10,000 for him and his family. He fears that these higher premiums will harm his family, and jobs in his area: “When you take $10,000 out of my family’s pocket each year, that’s otherwise disposable income or retirement savings that will not be going into our local economy.”

We are fighting for people like Rod Coons and Florence Peace, a retired Indiana couple satisfied with their current coverage. “I’d prefer to stay with our current plan because it meets our needs,” says Rod. But their plan isn’t government-approved under ObamaCare's new rules, so Rod and Florence are losing their health insurance plan at the end of this year.

You have claimed that ObamaCare has nothing to do with the budget. But over the next decade, this widely unpopular program will add nearly $1.8 trillion in new federal spending — and will cost taxpayers trillions more beyond that, making it nearly impossible to balance the federal budget. What’s more, for millions of struggling Americans, the law will crush their family budgets due to fewer work hours, lost jobs, and higher premiums.

Your Administration has already granted numerous waivers and exemptions during the three years since the law was passed. Millions of union members received temporary waivers from the law’s costly benefit requirements. Big businesses have received a one-year delay from the onerous employer mandate... and Members of Congress have obtained special treatment for themselves and their staffs that allows them to continue to receive taxpayer-funded insurance subsidies.

At a time when so many Americans are suffering because of the rollout of this new law, I remain puzzled by your failure to acknowledge the faults caused by this unfair, unworkable, and unpopular measure.

We believe the law should be fully repealed, but at minimum, both sides should agree not to fund the law for one year — a “time-out” that would halt the law’s most harmful effects before they start.