Keyword: planners

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  • Conflict between rich, poor strongest in 24 years

    01/11/2012 3:48:06 PM PST · by americanophile · 24 replies
    Sacramento Bee ^ | Jan. 11, 2012 | HOPE YEN
    WASHINGTON -- Tensions between the rich and poor are increasing and at their most intense level in nearly a quarter-century, a new survey shows. Americans now see more social conflict over wealth inequality than over the hot-button topics of immigration, race relations and age. The survey released Wednesday by the Pew Research Center highlights U.S. perceptions of the economic divide, an issue that has moved to the forefront in the 2012 presidential campaign amid stubbornly high unemployment, increasing poverty and protests by the Occupy movement.
  • Conservatives vs. Capitalism

    01/09/2012 6:24:44 PM PST · by americanophile · 88 replies
    National Review ^ | 1/9/2012 | Jay Nordlinger
    The last two presidential election cycles have revealed a stinking hypocrisy in conservatives: They profess their love of capitalism and entrepreneurship, but when offered a real capitalist and entrepreneur, they go, “Eek, a mouse!” And they tear him down in proud social-democrat fashion. In the off season, they sound like Friedrich Hayek. When the game is on, they sound like Huey Long, Bella Abzug, or Bob Shrum. Last time around, Mike Huckabee said Romney “looks like the guy who laid you off.” Conservatives reacted like this was the greatest mot since Voltaire or something. To me, Romney looked like someone...
  • State (CA) targets property-tax payers

    01/09/2012 3:59:34 PM PST · by So Cal Rocket · 14 replies
    OC Register ^ | January 9th, 2012 | Mary Ann Milbourn
    As many as 5 million California property-tax payers who have been taking the entire amount they pay off their state income taxes could see a major cut in their deductions when they file next year. Beginning with the 2012 tax bill (the one due in April 2013), the state Franchise Tax Board will require property owners to break down their property taxes into deductible and non-deductible portions. That means property owners who have been deducting their Mello-Roos fees — often running into thousands of dollars — will no longer be able to deduct those or any other special assessments like...
  • Santorum: Trim Social Security now even if painful

    01/06/2012 6:38:10 PM PST · by DJ MacWoW · 622 replies
    Associated Press ^ | Jan 6, 2012 6:35 PM (ET) | CHARLES BABINGTON
    KEENE, N.H. (AP) - Republican presidential candidate Rick Santorum called Friday for immediate cuts to Social Security benefits, risking the wrath of older voters and countless others who balk at changes to the entitlement program. "We can't wait 10 years," even though "everybody wants to," Santorum told a crowd while campaigning in New Hampshire and looking to set himself apart from his Republican rivals four days before the New Hampshire primary. Most of his opponents have advocated phasing in a reduction and say immediate cuts would be too big a shock to current and soon-to-be retirees.
  • The Democratic Party's War on Workers

    12/18/2011 12:33:37 PM PST · by jfd1776 · 12 replies
    Illinois Review ^ | December 18, 2011 A.D. | John F. Di Leo
    ... Never before have so many of the unemployed owed their job loss, not indirectly at all, but quite obviously directly, to the intentional, conscious directives of their president and his direct appointees, the czars and cabinet secretaries who have launched a direct frontal assault on industry after industry ever since their appointments. Consider: Car Dealers: In 2009, though everyone knew that the problems dooming Chrysler and General Motors were their enormous property and property tax obligations caused by too big, too old, factories, and their utterly unsupportable labor and pension costs, Barack Obama ordered the closure of over 3000...
  • It is Not Fiat You Need To Fear – It is Government Itself

    12/16/2011 11:10:11 AM PST · by Razzz42 · 11 replies
    Armstrong Economics ^ | December 15, 2011 | Martin Armstrong
    The latest census shows that 1 in 2 people have slipped in America and are poor. The tax burden has risen and this idea of socialism has amounted to a charity that costs $9 out of $10 to function. It is now government itself that is the beast consuming everything, not the poor who get table scraps. After the Arab riots in Iran and how they used the internet to organize, I warned that those in Washington in the unelected backrooms were shaking in their boots and would eliminate that threat in the USA. The bill was introduced to allow...
  • Unsustainable: Public School Teachers Make Twice the Private Sector Average

    12/15/2011 1:35:20 PM PST · by Kaslin · 62 replies
    Rush Limbaugh.com ^ | December 15, 2011 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: According to a new study from the Bureau of Labor statics, public school teachers are now the highest paid state workers. Public school teachers. In fact, public school teachers receive more than twice as much in average hourly wages and benefits as workers in private industry, on average, according to the Bureau of Labor Statistics. Public school teachers "are paid an average of $56.59 per hour in combined wages and benefits," which is twice the $28.24 an hour in wages and benefits paid to workers in the private sector. Now, some of you are probably saying, "I...
  • Cities Hit as Funds From Bonds Pay Other Bills

    11/14/2011 3:50:28 PM PST · by dynachrome · 8 replies
    Wall Street Journal online ^ | 11-14-11 | IANTHE JEANNE DUGAN, JUSTIN SCHECK and BOBBY WHITE
    When the recession squeezed Miami's budget in recent years, officials reached into funds raised for road repairs and other projects to plug the shortfall. Now, the city is paying a price. The moves triggered lawsuits and a federal investigation, in a brouhaha that holds ramifications for how municipalities nationwide maneuver around unprecedented money problems. Cash Flow View Interactive ..Cities and states across the country are using money designated for specific purposes—such as fixing roads or sewers—in order to fill financial holes elsewhere, according to public officials and records. The moves are exposing municipalities to controversy, as federal regulators and local...
  • To All My Valued Employees

    10/28/2011 9:48:27 AM PDT · by Dick Bachert · 23 replies
    Unknown ^ | 10 28 2011 | Unknown
    To All My Valued Employees: There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn't pose a threat to your j What does threaten your job however, is the changing political landscape in this country. However, let me tell you some little tidbits of fact which might help you decide what is in your best interests. First, while it is easy to spew rhetoric that casts employers against...
  • Forest 'roadless rule': environmental victory or US job-killer?

    10/22/2011 3:03:07 PM PDT · by Vince Ferrer · 14 replies
    Christian Science Monitor ^ | October 22, 2011 | Patrik Jonsson,
    Environmentalists on Saturday hailed as one of the biggest conservation victories in decades a federal court ruling that upheld a "roadless rule" to protect massive swaths of national forest. But while the 10th Circuit Court of Appeals on Friday removed a lower court's block on the "roadless rule," the Clinton-era order protecting over 50 million acres of prime federal forests from timber and mining companies could leave President Obama vulnerable to charges similar to those levied against the White House after the Gulf drilling moratorium: that the administration is unfriendly toward extractive industries that utilize the nation's natural wealth and...
  • It's time to start Tarring and Feathering them ( vanity )

    10/20/2011 5:24:28 PM PDT · by voveo · 19 replies
    10/20/2011 | voveo
    We know the politicians are lying and breaking the law and yet nothing is done. We know the bankers have broken laws and are not being prosecuted. We taxpayers are being robbed. The corruption is so blatant and yet nothing is being done.
  • How Members Of Congress And Federal Employees Are Living The High Life At Our Expense

    10/19/2011 4:38:04 PM PDT · by blam · 23 replies · 1+ views
    10 Mind Blowing Facts Which Show How Members Of Congress And Federal Employees Are Living The High Life At Our ExpenseOctober 19,2011 If you were asked to guess, what area of the United States would you say has the highest average income? New York City? Los Angeles? Silicon Valley? Well, would you believe that it is actually the Washington D.C. area? Median household income in the region is $84,523, which is the highest in the nation. One of the biggest reasons for this are the huge salaries being pulled down by federal employees in the Washington D.C. area. According to...
  • What is going on here.? TEA party and OWS united? And have their own website? (my title)

    10/18/2011 4:51:02 PM PDT · by OL Hickory · 21 replies
    TeaoccupyUnited ^ | today | unknown
    A uniform goal, no binding party alignment and no focus is lost from the main causes below. Focus on moving the conversation forward and bring in the 99 percent into the fold.
  • Herman Cain's "999 Plan": The Good, the Bad, and the Ugly

    10/13/2011 2:31:28 PM PDT · by La Enchiladita · 109 replies · 1+ views
    Freedom Works ^ | Oct. 6, 2011 | Dean Clancy
    So what about Herman Cain's 999 tax plan? Turns out it has some very good aspects -- and some others, not so good. I'd give it two rousing cheers and one bronx cheer. ...But here we come to a problem. Cain doesn't get rid of the income tax. Instead, he reforms it. And then he adds a new levy -- a national retail sales tax -- on top of it.
  • Herman Cain's 9-9-9 tax plan raises math questions (How will it affect government revenues?)

    10/07/2011 9:08:24 AM PDT · by SeekAndFind · 130 replies
    Daily Herald ^ | 10/06/2011
    WASHINGTON -- Herman Cain's bid for the Republican presidential nomination is fueled in part by his proposed tax code overhaul that tax policy veterans say doesn't add up. Cain's proposal is gaining attention after a Washington Post-ABC News poll released Tuesday found his campaign is tied for second place with Texas Gov. Rick Perry among Republicans and Republican-leaning independents. In campaign stops, Cain touts his 9-9-9 plan as a concept that will lead to a fairer tax system. The proposal would tax sales transactions and gross income for individuals and businesses at 9 percent while eliminating levies on capital gains....
  • Who We Are Really Taxing Millionaires For...

    09/21/2011 5:33:15 PM PDT · by The Looking Spoon · 5 replies
    The Looking Spoon ^ | 9-21-11 | Jared H. McAndersen
  • White House Hints at More Economic Speeches, Proposals Ahead

    09/02/2011 12:51:07 PM PDT · by sunmars · 165 replies
    fox ^ | Fox
    In what could be a way of lowering expectations for next Thursday's big economic speech, aides to President Obama are privately spreading word that he will not present his entire jobs plan in his address to a Joint Session of Congress. Aides say Thursday's speech will be part of a bigger plan the White House will roll out throughout the fall with the president hitting the road for speeches and town hall appearances. Aides have already confirmed that Obama will be traveling to California, Colorado, and Washington state for one three-day swing later this month that will include economic events...
  • Manufacturing a Recovery. America Needs to Start Making Things again.

    08/30/2011 2:24:42 PM PDT · by SeekAndFind · 45 replies
    New York Times ^ | 08/30/2011 | Susan Hockfield
    THE United States became the world’s largest economy because we invented products and then made them with new processes. With design and fabrication side by side, insights from the factory floor flowed back to the drawing board. Today, our most important task is to restart this virtuous cycle of invention and manufacturing. Rebuilding our manufacturing capacity requires the demolition of the idea that the United States can thrive on its service sector alone. We need to create at least 20 million jobs in the next decade to offset the effects of the recession and to address our $500 billion trade...
  • Spending, Not Entitlements, Created Huge Deficit

    08/23/2011 4:47:57 PM PDT · by Iron Munro · 34 replies
    The Washington Examiner ^ | August 23, 2011 | Byron York
    It's conventional wisdom in Washington to blame the federal government's dire financial outlook on runaway entitlement spending. Unless we rein in Social Security, Medicare and Medicaid, the conventional wisdom goes, the federal government is headed for disaster. That's true in the long run. But what is causing massive deficits now? Is it the same entitlements that threaten the future? Yes, say some conservatives who favor making entitlement reform a key issue in the 2012 campaign. "We're $1.5 trillion in debt," Weekly Standard Editor Bill Kristol said Sunday, referring to this year's projected deficit. "Where's the debt coming from? It's coming...
  • Conservatives want SMALL government, not NO government…

    08/23/2011 2:18:01 PM PDT · by Starman417 · 25 replies
    Flopping Aces ^ | 08-23-11 | Vince
    Conservatives are constantly being accused of wanting no government. When we talk about wanting to eliminate things like the IRS, the Departments of Energy and Education or rein in rouge agencies like the EPA and the NLRB we are accused of wanting no government at all. That’s simply false. I don’t think I’ve ever heard a conservative speak about wanting to eliminate all government, or even the federal government. Most conservatives understand that the absence of functional government brings chaos. In an environment where chaos reigns, at some point someone will step in and impose order. That person or...
  • What's wrong with this picture?

    08/20/2011 8:41:08 PM PDT · by BulletBobCo · 46 replies
    August 20, 2011
    Yesterday my son and I were travelling down the road when he turns to me and tells me that the lady on the corner panhandling is holding a sign with one hand and talking on her smartphone with the other. Am I missing something here?
  • Regulatory Budgets and Jobs Explode Under Obama

    08/20/2011 11:31:42 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | August 20, 2011 | Bob Beauprez
    One of Barack Obama's job creation programs appears to be working – the number of federal government regulators along with their budgets has exploded since 2008. Total employment at the conglomeration of federal agencies responsible for enforcing compliance with the myriad of laws now exceeds 281,000 people.  That's an increase of 13 percent during a time when 27 million Americans find themselves unemployed, under-employed, or have completely given up even trying to find work.  The budgets at these same agencies have increased 16 percent during the same period to over $54 billion.With the expanded staffs, the agencies have ramped up...
  • Atlas is Sorta Shrugging

    08/18/2011 7:55:09 PM PDT · by jsh3180 · 11 replies
    PajamasMedia ^ | August 18, 2011 | Victor Davis Hanson
    “They Did It!” The President just concluded a frenzied “jobs” bus tour to explain why unemployment is at 9.1% — after borrowing nearly $5 trillion in stimulus the last three years. You know the usual suspects responsible for our, not his, malaise: George Bush did it; the Republican obstructionists in the Congress who were wary of approving another $2 trillion in debt did it; the Tea Party did it; Standard and Poor’s did it; the Japanese earthquake did it; the Japanese tsunami and nuclear accidents did it; the Middle East unrest did it; the European debt crisis did it; new...
  • US Day of Rage

    08/10/2011 9:35:43 PM PDT · by Kartographer · 32 replies
    Face Book ^ | 8/10/11
    US Day of Rage | Resources for Non Violent Civil Disobedience #usdor #occupywallstreet #sept17 Share Many of these sections were taken from the Handbook for Nonviolent Campaigns available from the War Resister's League in New York City and the Civil Disobedience Training fron ACTUP New York. Download the full Handbook for Nonviolent Campaigns (PDF). Handbook for Digital and Online Civil Disobedience. (Coming Soon) US Day of Rage Guidelines for Non Violent Civil Disobedience Individual or group actions that endanger the physical well-being of other demonstrators should not be done. Generally actions that might endanger the safety of others at the...
  • Richard Koo: The Ratings Agencies May Destroy The Global Economy Once Again

    08/09/2011 7:43:52 PM PDT · by lbryce · 45 replies
    Business Insider ^ | August 9, 2011 | Joe Wiesenthal
    The latest note from Nomura's Richard Koo is chock full of insight, which is not surprising since talk of fiscal consolidation, misguided ratings agencies, and balance sheet recessions is his wheelhouse. As he's famously observed before, in such recessions like these, spending cuts actually make deficits worse, and so he's particularly dismayed by the counter-productive actions of S&P. Fiscal stimulus will reduce budget deficit in balance sheet recession. What I find even more interesting is that Japan’s fiscal deficit increased under the Hashimoto administration, which pursued fiscal consolidation, but decreased under the Obuchi and Mori governments, which gave up on...
  • In All Seriousness, What If Barack Obama Is Right? (Redstate.com)

    08/09/2011 9:29:38 PM PDT · by lbryce · 48 replies
    RedState.com ^ | August 8, 2011 | Erik Erikson
    Seriously. All you people on left and right, suspend your disbelief for one minute. Seriously. What if Barack Obama was right and S&P just got it wrong. Here’s what I’m hearing and it gives credence to this theory. S&P, I’m told, began telling some of its clients about the downgrade on Friday morning. That’s why the market was so screwed up on Friday. By Friday afternoon, the Treasury Department told S&P it had made a $2 trillion math mistake. But S&P had already told its clients about the downgrade. So it couldn’t walk it back now without a major loss...
  • Video: Future taxpayers of America demand gigantic welfare state

    08/09/2011 9:07:29 PM PDT · by 2ndDivisionVet · 1+ views
    Hot Air ^ | August 9, 2011 | Allahpundit
    Via Breitbart TV. Remember that liberal tea party that Van Jones is building? Here’s one of their first big initiatives: The “Contract for the American Dream,” in which fresh-faced load-bearers for an imploding entitlement regime cheerily read cue cards calling for more weight on their backs, please. If you’re wondering how we can possibly afford “Medicare for all” when we can’t afford Medicare for some, you obviously missed this video from a few weeks ago of Jones reassuring America that we are not in fact broke, no matter how many zeroes there might be up on that national debt scoreboard....
  • '46% in U.S. don't pay taxes' only half the story

    08/08/2011 12:45:01 PM PDT · by SmithL · 53 replies
    San Francisco Chronicle ^ | 8/8/11 | Joe Garofoli, Chronicle Political Writer
    For some California Tea Party conservatives, it has become a favorite statistic: Nearly half of Americans - 46 percent - don't pay taxes. The number is used to back up their claim that if that many people don't pay taxes, why should the wealthiest individuals pay more? It is accurate in a sense - 46 percent of U.S. households aren't expected to pay federal income taxes this year. "But most of those people do pay federal taxes" of some sort, such as payroll taxes, said Roberton Williams, a senior fellow at the Tax Policy Center, a center-left Washington think tank,...
  • American Collapse

    08/07/2011 9:40:21 AM PDT · by george76 · 59 replies
    National Review ^ | August 6, 2011 | Mark Steyn
    Barack Obama is offering us a Latin-American future. Unless things change, the man (or woman) elected in 2012 will be the last American president to preside over the world’s leading economy. If things get really bad, he will find himself presiding over the early stages of American collapse. Not “decline” but “collapse.” “Decline” is what happens when you’re Britain in the 1940s, and you cede global dominance to a major ally that shares your language, legal system, cultural inheritance, and broad geopolitical objectives. That deal isn’t on offer this time round. ... In the real world, debt ceilings are determined...
  • Rating downgrade: Did S&P get it right?

    08/07/2011 5:33:43 PM PDT · by mlocher · 35 replies
    CNNMoney.com via Fidelity.com ^ | August 7, 2011 | Jeanne Sahadi
    A credit rating is an informed opinion. Nothing more. Nothing less. That helps explain why one major credit rating agency -- Standard & Poor's -- has downgraded the United States, while another -- Moody's (Symbol : MCO Loading... ) -- has chosen to affirm its credit rating with caveats. Both agencies had the same essential set of facts about U.S. debt: There's a lot of it now. There's a lot more of it to come. And there's very little in the way of actual policy today that looks likely to seriously change that outlook. Where the agencies differ, however, is...
  • US downgrade 'sounds alarm bell': China media

    08/07/2011 3:06:49 PM PDT · by upchuck · 5 replies
    AFP via Yahoo ^ | August 7, 2011
    Standard & Poor's US debt downgrade was a wake-up call for the world, a commentary in a top Chinese state newspaper said... Citing economist Sun Lijian, the People's Daily on Sunday said Standard & Poor's Friday cut to the US' credit rating from the top notch triple-A to AA+ had "sounded the alarm bell for the dollar-denominated global monetary system". The comments carried in the Communist Party mouthpiece follow a stinging attack launched by the official Xinhua news agency on Saturday, which said Beijing had "every right" to demand Washington safeguard Chinese dollar assets. China -- which sat on the...
  • FReep this Poll: Who is to Blame for the US's Credit Being Downgraded?

    08/06/2011 11:55:49 AM PDT · by therightliveswithus · 17 replies
    Pundit Press ^ | 8/6/11 | Aurelius
    For two years, the Democrat party had a super-majority in the Senate, the majority in the House, and the executive branch. They had hundreds upon hundreds of chances to raise the debt ceiling or to cut spending but decided not to. Yet, the day after S&P downgraded the United States' credit rating, Democrats are deciding to blame Republicans for every possible thing wrong with the economy, particularly our credit. For example, Harry Reid stated in response to the news: "The action by S&P reaffirms the need for a balanced approach to deficit reduction...instead of hardliners who have already ruled out...
  • Length of Unemployment Continues to Break Records (historical graph)

    08/06/2011 10:44:06 AM PDT · by Clairity · 13 replies
    NY Times ^ | Aug 6, 2011 | CATHERINE RAMPELL
    The average worker who is unemployed has been searching for a job for 40.4 weeks, or more than nine months, according to new Labor Department figures. That is the longest average unemployment duration on record.
  • The Real Losers Of The Great Debt Limit Debacle Of 2011

    08/03/2011 8:26:58 PM PDT · by Absolutely Nobama · 46 replies
    FRee Republic | 8/3/11 | Alan Levy
    Now that the dust is beginning to settle from the Great Debt Limit Debacle of 2011, one thing is clear: No one won. The Establishment Republican Party lost. The RINO herd was exposed once again as the weak-kneed inheritors of the Neville Chamberlain's sorry legacy. The Authoritarian Left lost. Their overheated rhetoric was exposed for what it truly is: Utter crap on a stick. The Conseravtives and the Tea Party fought gallantly, but they too, went down to defeat as they were unable to defeat the apathy of the Establishment Republican Party. Fuhrer Obama lost when his famed Blitzkrieg stalled...
  • More Americans Oppose Than Favor Debt Ceiling Deal

    08/03/2011 11:35:49 PM PDT · by truthkeeper · 10 replies
    The Gallup Poll ^ | August 3, 2011 | Jeffrey M. Jones
    PRINCETON, NJ -- Americans are more likely to oppose (46%) than favor (39%) the agreement President Obama and Congress reached to raise the federal debt ceiling. Majorities of Democrats and liberals favor the agreement, while conservatives and Republicans largely oppose it.
  • Unemployment rose in nearly all US cities

    08/03/2011 10:47:29 AM PDT · by Oldeconomybuyer · 17 replies
    AP via Yahoo! News ^ | August 3, 2011
    WASHINGTON (AP) -- Unemployment rose in more than 90 percent of U.S. cities in June, mirroring a national slowdown in hiring. The Labor Department says the unemployment rate rose in 345 large metro areas. It dropped in 20 cities and was unchanged in seven. That's worse than May, when the rate rose in only 210 cities and a sharp reversal from April, when unemployment actually fell in nearly all metro areas.
  • With Debt Limit Fight Resolved, Spending Restraint Should Remain Central to Authorization Debates

    08/03/2011 11:23:29 AM PDT · by 92nina · 5 replies
    Center for Fiscal Accountability ^ | 2011-08-02 | [Staff]
    ...We write on behalf of the millions of taxpayers represented by our organizations to urge you to exercise serious fiscal restraint when you bring the National Defense Authorization Act of 2012 to the Senate floor. After recognizing the need for significant spending reform in the debt limit deal, continued efforts to restrain spending are still needed. The Pentagon’s budget should not be spared from scrutiny and we are encouraged by steps the Senate Armed Services Committee took this summer to root out waste and inefficiencies in the DOD authorization bill. While the Senate Armed Services Committee declined to cut substantially...
  • Suspend the FEDERAL REGULATORY BURDEN [VANITY]

    08/02/2011 3:23:07 PM PDT · by SES1066 · 3 replies · 1+ views
    Self
    On this day of a 265 point drop on top of a net 850+ drop over the past 8 days (12,724 to 11,866) the next question overlying the US Economy is where will be the July 2011 Employment figures (June 2011 = 9.2%). A constant comment from the private sector appears to be the burden of government regulation. In the coming months and years, the business community is facing an enormous slew of known and probable regulations as created by an activist government ideology, ranging from Dodd-Frank Financial Reform & Obama Health Care to EPA Carbon Reduction & Dept. of...
  • YOU Stopped The Obama Tax & Borrow Bailout

    08/02/2011 3:32:31 PM PDT · by edpc · 69 replies
    RNC Email ^ | 2 Aug 2011 | RNC
    Do you remember where America was just one year ago? The Pelosi-Reid-Obama agenda was doing a daily dose of damage to our American economy, destroying jobs with crippling regulations, oppressive spending and brand new taxes. If that wasn't enough, the Democrats passed a government takeover of healthcare, spending record amounts of money we didn't have on a program we didn't want. And to top it off, they raised taxes on hardworking taxpayers to pay for an $800 billion dollar stimulus -- claiming that they should have spent even more. Maybe they thought they could get away with it. For two...
  • Do you think we won the debt battle?

    08/02/2011 4:10:15 PM PDT · by A Cyrenian · 91 replies
    Did the conservatives come out on top on the debt issue? I'm not going to pretend to be an expert. But I think the conservatives in the House of Representatives did a hell of a job. Considering the hand they were dealt. The liberals control the Senate & Monkey ears Huessin. So we're down 2 - 0. If we had control of the Senate and/or the presidency, I would had loved to see more. But, with the current situation, I think we won. And I'm surprised there's not more celebration on Free Republic. Have we been beaten down so much...
  • Factbox: How senators voted on debt ceiling deal

    08/02/2011 2:17:22 PM PDT · by Berlin_Freeper · 24 replies
    reuters.com ^ | Aug 2, 2011 | reuters
    Congress approved and President Barack Obama signed a deal to raise the government's debt ceiling on Tuesday after the Senate passed it by a 74-26 vote. Here is a list of how each Republican (R), Democratic (D) and Independent (I) senator voted:
  • SPEAKER JOHN BOEHNER's Powerpoint On The DEAL

    08/01/2011 1:54:00 AM PDT · by Yosemitest · 42 replies
    www.speaker.gov/UploadedFiles/3-7-31-11-Debt-Framework-Boehner.pdf ^ | Updated: July 31, 10:35pm EST | Speaker John Boehner
    Speaker John Boehner's Powerpoint On The Deal TWO-STEP APPROACH TO HOLD PRESIDENT OBAMA ACCOUNTABLE Emerging framework has three main features: (1) cuts government spending more than it increases the debt limit; (2) implements spending caps to restrain future spending; (3) advances the cause of a Balanced Budget Amendment Framework accomplishes this without tax hikes, which would destroy jobs, while preventing a job-killing national default. NO TAX HIKES ‣ Same as House-passed bill, the framework includes no tax hikes. ‣ Under the framework, the Joint Committee of Congress will work off a current-law baseline, as required by the 1974 Budget Act,...
  • Woman Fears Eviction Over Social Security Checks

    07/30/2011 1:45:37 PM PDT · by artichokegrower · 116 replies · 1+ views
    KION ^ | Jul 29, 2011 | Katelyn Sykes
    FREEDOM, Calif-- Thousands of people on the Central Coast are fearing the worst. Social Security offices are being flooded with phone calls about the crisis and one woman is being asked to pay her bills early, before her checks stop coming. Sarah Franklin lives in Freedom and on Friday morning she got a call from the manager at the apartment complex she lives at, asking for rent early. She said they're afraid she won't have money to pay it next week if she doesn't get her social security check. "It's just really scary," she said. "I feel like such a...
  • Deficit Debate: It's Really About Elderly Benefits

    07/28/2011 5:49:45 PM PDT · by Kaslin · 113 replies · 1+ views
    Pajamas Media ^ | July 28, 2011 | ROBERT J. SAMUELSON
    If leadership is the capacity to take people where they need to go — whether they realize it or want it — then we've had almost no leadership in these weeks of frustrating and maddening debate over the budget and debt ceiling. There's been an unspoken consensus among President Obama, congressional Democrats and Republicans not to discuss the central issue underlying the standoff. We've heard lots about "compromise" or its absence. We've had dueling budgets with differing mixes of spending cuts and tax increases. But we've heard almost nothing of the main problem making the budget so intractable. It's the...
  • Boehner Proposal: Balanced-budget Amendment, Raise Debt Ceiling By $1T, Save $1.2T Over Next Decade

    07/25/2011 12:46:29 PM PDT · by conservativeforpalin · 81 replies
    Politicons- Politically Conservative ^ | July 25 | Henry D'Andrea
    Speaker John Boehner’s proposal includes a balanced-budget amendment and a raise in the debt ceiling by $1 trillion. The proposed plan would save $1.2 trillion over the next decade. Fox News reported: The approach was received from a senior GOP leadership aide and reads as follows: Two-Step Approach to Hold President Obama Accountable Republicans insisted if the President wants his debt ceiling increase, the American people will require serious spending cuts and reforms. This two-step approach meets House Republicans’ criteria by (1) making spending cuts that are larger than any debt ceiling increase; (2) implementing spending caps to restrain future...
  • Broke! 10 Facts About The Financial Condition Of American Families That Will Blow Your Mind

    07/24/2011 8:45:13 PM PDT · by blam · 93 replies
    TEC ^ | 7-24-2011
    Broke! 10 Facts About The Financial Condition Of American Families That Will Blow Your MindJuly 24, 2011 The crumbling U.S. economy is putting an extraordinary amount of financial stress on American families. For many Americans, "flat broke" has become a permanent condition. Today, over half of all American families live paycheck to paycheck. Unemployment is rampant and those that do actually have jobs are finding that their wages are rising much more slowly than prices are. The financial condition of average American families continues to decline and this is showing up in all of the recent surveys. For example, according...
  • Bill would force Obama to pay Social Security, military if US defaults

    07/24/2011 2:14:26 PM PDT · by don-o · 12 replies
    The Hill ^ | Ju+ | Alexander Bolton
    Tea Party conservatives hope to make a push on the House floor to force President Obama to avoid a national default if Congress fails to raise the debt limit. Members of the Senate Tea Party Caucus have met with House freshmen to discuss a plan to pressure House Speaker John Boehner (R-Ohio) to bring the Full Faith and Credit Act to the floor. The legislation would direct Obama to prioritize federal payments to the nation’s creditors, Social Security recipients and soldiers serving in Afghanistan and Iraq. The bill has been revised since it was introduced earlier this year. The previous...
  • No debt deal hours before markets open (Obama, Reid and Pelosi try to steal the GOP ideas)

    07/24/2011 2:53:54 PM PDT · by tobyhill · 34 replies
    Politico ^ | 7/24/2011 | By JAKE SHERMAN & MANU RAJU & JOHN BRESNAHAN
    House and Senate negotiators have not reached a deal that would lift the nation’s debt ceiling just hours before markets in Asia are set to open — a test of whether Washington political dysfunction is beginning to shake the global economy. House Republicans are not able to reach a deal with Senate Democrats, said congressional sources, though staff-level negotiations are continuing. And in a sign that talks with Republicans appear to be going sour, Senate Majority Leader Harry Reid (D-Nev.) began to draft his own legislation Sunday that would slash at least $2.5 trillion to match an extension of the...
  • Revived effort to reach debt-limit deal

    07/23/2011 3:01:59 PM PDT · by FourPeas · 29 replies
    Market Watch ^ | 23 July 2011 | Kate Gibson, Steve Goldstein and Greg Robb
    House Speaker John Boehner wants to unveil a plan to increase the U.S. debt limit and curb federal spending by Sunday afternoon to avoid any potential havoc in Asian financial markets, media reports said. The Ohio Republican told GOP colleagues in a conference call Saturday afternoon that he still wants to cut as much as $4 trillion from the budget during the next decade, according to participants in the call, the reports said. [snip] Later in the day, Senate Republican Leader Mitch McConnell (R., Ky.) said congressional leaders were dedicated to the task of keeping a default from happening. “The...
  • Credit Rating Downgrade Could Happen Before August 2(S&P)

    07/23/2011 1:59:01 PM PDT · by Son House · 23 replies
    FOXNEWS ^ | Jul 23, 2011 | Neil Cavuto
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