Sunday, March 21, 2010

Incitement to violence? Judge for yourself. Maybe this individual should receive a visit from the Secret Service. Bottom line: this language could serve as encouragement for some assassin. That is why all Americans should condemn this type of language. Visit his Twitter account and express your disapproval with this post, shown below. Thanks to Jezebel for the info:

IMF Warns Wealthiest Nations about their Debt

It's a timebomb that continues to tick:

The International Monetary Fund warned the world's wealthiest nations Sunday to watch their surging levels of government debt, saying it could drag down the growth needed to ensure continued economic recovery.

The economic crisis is leaving "deep scars in fiscal balances, particularly in the advanced economies," John Lipsky, the IMF's No 2. official, told the China Development Forum in Beijing. He said that countries that have been going into debt to stimulate their economies should now prepare for belt-tightening steps next year.

"Policymakers should be making it clear to their citizens why a return to prudent policies is a necessary condition for sustained economic health," said Lipsky, who is the fund's deputy managing director, according to remarks prepared for the conference.

The IMF projects that gross general government debt in the G-7 advanced economies, except Germany and Canada, will rise from an average of about 75 percent of GDP at the end of 2007 to about 110 percent of GDP at end of 2014, Lipsky said.

This year, the average debt-to-GDP ratio in the wealthiest countries is projected to reach levels that prevailed in 1950 in the aftermath of World War II, Lipsky said. The ballooning of government debt also comes amid rising health and pension spending, he said.
...full article

Video: 'Face the Nation' (3-21-10)


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Video, Transcript: Meet The Press (3-21-10)

Complete Transcript here.

Visit msnbc.com for breaking news, world news, and news about the economy

Thursday, March 11, 2010

N.J. Man Accused Of Raping His 5 Daughters

A New Jersey man with apocalyptic visions is accused of years of
terrorizing his family, raping his five daughters and impregnating
three, beating his children with wooden boards and even moving at one point to avoid child welfare investigators."

- once again the system failed.

http://wcbstv.com/national/man.rapes.daughters.2.1554695.html

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Transcript: Michael Moore on Rachel Maddow (3-10-10)

Transcript: Michael Moore on Rachel Maddow (3-10-10)

Is High-Fructose Corn Syrup Really So Bad?

Eye on Health: Health Advocates Demonize the Sugar Substitute, But Scientists Say Controversy is all Hype


http://feeds.cbsnews.com/~r/CBSNewsStory/~3/OLd_AeVEF4M/main6286934.shtml

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House Dems to ban earmarks to for-profit companies

The news: House Dems are moving to eliminate earmarks that appropriate funds for the direct benefit of for-profit companies.

The method: The adoption of a rule banning such earmarks by the House Appropriations Committee.

The reason: The PMA lobbying scandal, recently investigated by the House Ethics Committee. The committee's report concluded that no direct relationship could be established between campaign contributions and earmarks, but clearly everyone's still concerned that there's a relationship, anyway. Hence the new rule.

Will it work? Well, sort of. Here's what the watchdogs had to say:

The good government advocates believe that the Senate will likely take up the slack from the House. Senate Appropriations Committee Chairman Daniel Inouye, D-Hawaii, said Wednesday he does not plan to impose any such ban. His position was seconded by Senate Appropriations Committee ranking member Thad Cochran, R-Miss., who argued members' right to earmark funds is protected by the Constitution.

"The Senate hasn't been as haunted by the ethics problems, so they don't feel like it is their scandal to have to worry about," [Citizens for Responsibility and Ethics in Washington executive director Melanie] Sloan said.

Yeah. Well, that and the fact that there are other ways to direct spending:

The ban won't apply to universities and non-profit institutions. It also won't apply to items in bills that aren't technically appropriations earmarks, but function in much of the same way. For example, the narrowly-targeted items that were included in the Wall St. bailout bill, like the repeal of a tax on wooden arrows, or the porky items from the stimulus bill, wouldn't be banned. And unlike the earmarks in appropriations bills, which are subject to strict disclosure rules, it's almost impossible to figure out who sponsored or is benefiting from the earmark-like items in non-appropriations bills.

Then again, Congress is supposed to have control of the federal pursestrings. The modern argument against earmarks, however, is that they've gotten out of control. But directing federal spending is one of the basic functions of Congress, and it's only in modern practice that more and more of that authority has been ceded to the executive branch, through its various departments and agencies. And as any of the remaining Congressional fans of earmarks (or "directed spending" as they prefer to call it, to keep it grounded in its original purpose) will tell you, its arguably better to have elected officials making direct spending decisions than leaving them up to unelected bureaucrats. Maybe, maybe not. But that's the argument.

At any rate, the ban certainly seems like a step in the right direction no matter how you look at it. Slicing off chunks of taxpayer funding and sending them to for-profit companies seems like the wrong thing to be doing, especially in an age where we're constantly being told that the free market can magically solve all problems, and that we need to rely on it more than ever on account of... our federal budget deficts.


http://feeds.dailykos.com/~r/dailykos/index/~3/c-JJwYRjqjk/-House-Dems-to-ban-earmarks-to-for-profit-companies

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BBB Warns Against Deceitful Online Payday Lenders

Better Business Bureau is warning cash-strapped families to beware of some online payday lenders that claim they are not beholden to state or federal laws regarding licensing requirements, debt collection practices or caps on interest rates. Read more...

http://www.pueblo.gsa.gov/newsnotes/nn18920.htm
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Transcript: Karl Rove Talks Aout his Book on FOX

Transcript: Karl Rove Talks Aout his Book on FOX

Video: Congressman Patrick Kennedy Denounces U.S. Press

This was a powerful moment from the son of Edward Kennedy. He is leaving Congress and wants to speak against the irresponsible press and scandal mongering ways. Is it any wonder why there is so much corruption on Capitol Hill. The press aren't covering them. That's the biggest scandal of all.

Video: Congressman Patrick Kennedy Denounces U.S. Press

Tuesday, March 9, 2010