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Keyword: unsustainable

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  • Over A Quarter of All Households on Food Stamps Headed By Someone With At Least "Some" College

    01/28/2014 1:13:29 AM PST · by 2ndDivisionVet · 6 replies
    Townhall / The Associated Press ^ | January 27, 2014 | Christine Rousselle
    The Associated Press reported today that 28 percent of households that receive food stamps are headed by someone who has at least "some" college experience. In 1980, this figure was eight percent. Seven percent of households who receive food stamps are headed by someone with a bachelor's degree. In 1980, this figure was only at three percent....
  • R.I.P. The Oil Drum 2005-2013 {Peak Oil proclaimers giving up}

    07/05/2013 11:05:18 AM PDT · by thackney · 23 replies
    Red State ^ | July 3rd, 2013 | Steve Maley
    It was with some dismay that I read this morning of the impending end of The Oil Drum, perhaps the leading “peak oil” blog … … due to scarcity of new content caused by a dwindling number of contributors. Despite our best efforts to fill this gap we have not been able to significantly improve the flow of high quality articles. Because of this and the high expense of running the site, the board has unanimously decided that the best course of action is to convert the site to a static archive of previously published material as of 31st July...
  • Why Work? Household Welfare Spending $168 Per Day, Higher Than Median Income

    01/28/2013 1:40:39 AM PST · by 2ndDivisionVet · 100 replies
    Independent Journal Review ^ | December 10, 2012 | Kyle Becker
    Those who work for a living might want to put away shoes, hammers, and other hard objects to keep from throwing them through the computer. A new study shows that on average the government spends $168 per household on various assistance programs, one-fifth more than the median income of $137. As the Republican side of the Senate Budget Committee reported (after all, who else in government is going to do it?), welfare spending per hour per household in poverty is $30.60, which is higher than the $25.03 median income per hour. The Weekly Standard points out that direct welfare payments...
  • Immigration reform could add millions of people under Obama health law

    01/27/2013 5:01:26 PM PST · by 2ndDivisionVet · 21 replies
    The Hill ^ | January 26, 2013 | Elise Viebeck
    Comprehensive immigration reform could make millions of people suddenly eligible for assistance under President Obama's healthcare law, assuming a final deal paves the way for undocumented immigrants to receive papers. Illegal aliens are now prohibited from purchasing coverage through the Affordable Care Act's insurance exchanges, which will launch next year. They are also ineligible for Medicaid under most circumstances, making the law's expansion of the program fruitless for people without documents. Even young illegal immigrants with "deferred action" status, known as "DREAMers," cannot access the law's benefits. But the picture could change completely if Hispanic lawmakers get their wish —...
  • Oh really Mr.Reptilian Republican?

    08/30/2012 6:30:27 PM PDT · by RaisingCain · 25 replies
    The Market Ticker ^ | 8/30/2012 | Karl Denninger
    Oh Really Mr. Reptilian Republican? By Karl Denninger (8/30/2012) Last night was a spooge-fest at the RNC; one of the more-common lies was Ryan's: “Before the math and the momentum overwhelm us all, we are going to solve this nation’s economic problems,” Ryan said. “And I’m going to level with you. We don’t have that much time. But if we are serious, and smart, and we lead, we can do this.” Oh really Paul? Paul Ryan, for those who have been living in a cave for the last couple of years, has put forward two separate "budgets" that are nothing...
  • Nestle blames biofuels for high food prices

    07/18/2012 2:03:37 PM PDT · by CutePuppy · 62 replies
    BBC ^ | July 18, 2012 | James Melik
    The head of the world's largest food producer believes high prices are due to the growing of crops for biofuels."The time of cheap food prices is over," says Nestle chairman Peter Brabeck-Letmathe. He is highly critical of the rise in the production of bio-diesel, saying this puts pressure on food supplies by using land and water that would otherwise be used to grow crops for human or animal consumption."If no food was used for fuel, the prices would come down again - that is very clear," he says. "We are now in a new world with a completely different level...
  • Greece Dodges Leftist Bullet, But Bigger Battles Loom

    06/18/2012 5:43:08 PM PDT · by Kaslin · 1 replies
    IBD Editorials ^ | June 18, 2012 | Editor
    EU: Staring down the abyss of isolation offered by the far left, Greece's voters had the sense to pull back, electing a pro-bailout center-right party in Sunday's vote and staying in the euro. But are they ready for real austerity? As surprising and relieving as it was to see Greeks vote for the New Democracy party which took 29.4% of the votes in Sunday's multiparty election, the result is the best of bad alternatives. Voting in New Democracy for a second time since the government failed in May bought time, but the real issue is whether Greece has the will...
  • Christie goes all Scott Walker on Jersey

    06/24/2011 11:50:53 AM PDT · by mandaladon · 30 replies · 1+ views
    Hot Air ^ | 24 Jun 2011 | Jazz Shaw
    We may never know how he did it. It could have involved some sort of broad scale mind control experiment. Perhaps he brought in somebody from over the border in Delaware to cast a spell on the state legislature. But in New Jersey – a state generally defined by partisan warfare between liberal Democrats and really liberal Democrats – Governor Chris Christie has met the public workers unions on the field of battle and sent them running like pigs from the gun. New Jersey lawmakers on Thursday approved a broad rollback of benefits for 750,000 government workers and retirees, the...
  • Top Green Admits: “We Are Lost!”

    05/04/2011 6:56:48 AM PDT · by Lakeshark · 37 replies
    The American Interest ^ | 5/3/2011 | Walter Russell Meade
    George Monbiot of the left-leaning British newspaper The Guardian has a must-read column in which he admits that because of a whole series of intellectual mistakes, the global green movement’s policy prescriptions are hopelessly flawed. Read the whole piece for a thoughtful and brutally clear expose of the intellectual bankruptcy of the green movement from one of the smartest people in it. This is what I’ve been getting at for more than a year here: regardless of what is happening to Planet Earth, the green movement does not have coherent and workable solutions.
  • CLASS is the next huge taxpayer bailout

    Are you ready for the next massive taxpayer bailout? Many of the same lawmakers who infuriated taxpayers by bailing out Wall Street, the auto companies, and Fannie Mae and Freddie Mac recently created a new program virtually guaranteed to require bailouts. And unlike those one-time bailouts, this one will become an annual taxpayer expense. The Community Living Assistance Services and Supports (CLASS) Act is a new long-term care insurance program. The concept had floated around Washington for years before Congress inserted it into the Obamacare health law — most likely to provide a $70 billion piggybank that could be raided...
  • Bell (California) City Manager Makes Nearly $800,000 A Year

    07/19/2010 6:44:21 PM PDT · by Spktyr · 45 replies · 2+ views
    Los Angeles Wave ^ | Jul 15, 2010 | N/A
    One of the poorest cities in Los Angeles County has come under public scrutiny for paying its top officials some of the highest salaries in the nation, including almost $800,000 annually for its city manager. The city of Bell pays Chief Administrative Officer Robert Rizzo $787,637 annually, and also pays police Chief Randy Adams $457,000 a year, about 50 percent more than Los Angeles Police Chief Charlie Beck or Sheriff Lee Baca make, the Los Angeles Times reported. Assistant City Manager Angela Spaccia is paid $376,288 annually, which is more than most city managers are paid. Rizzo, who has run...
  • Obama says situation in Mideast 'unsustainable'

    06/09/2010 1:00:49 PM PDT · by NormsRevenge · 38 replies · 122+ views
    AP on Yahoo ^ | 6/9/10 | Darlene Superville - ap
    WASHINGTON – President Barack Obama called the increasingly tense environment in the Mideast "unsustainable" Wednesday and said Israel needs a "better approach" in blockaded Gaza that would satisfy security and humanitarian needs. Turning his attention to the troubled region as he welcomed Palestinian leader Mahmoud Abbas to the White House for talks, Obama also predicted "real progress" in coming months in U.S. efforts to nudge the Israelis and Palestinians toward direct peace talks. The meeting came a little more than a week after Israel's deadly May 31 raid on a flotilla hoping to break the blockade. Nine men in the...
  • Euphoria Over Greece Bailout Ignores Fannie Mae Death Rattle!

    05/10/2010 6:28:09 AM PDT · by Stayfree · 6 replies · 315+ views
    Various | May 10, 2010 | Stayfree
    Fannie Mae reported a net loss $13.1 billion on Monday and forecast weakness in the housing and mortgage markets to continue throughout 2010.
  • Unions Making Postal Service Unsustainable, GAO Says Understatement of the year!)

    04/15/2010 11:48:11 AM PDT · by yoe · 46 replies · 1,042+ views
    CNSNEWS ^ | April 15, 2010 | Fred Lucas
    The U.S. Postal Service’s business model is not sustainable, and union-backed generous employee benefits along with collective bargaining contracts are a big part of the problem, according to a report by the Government Accountability Office. As mail volume has plummeted by 17 percent – or by 36 billion pieces – in the past three years, collective bargaining contracts have forced the Postal Service to keep full-time employees with full health and retirement benefits and preclude outsourcing of services. “Limitations on the workforce mix of full-time and part-time postal employees and workforce flexibility rules contained in contracts with USPS’s unions are...
  • Congressional budget office: Fiscal policy is 'unsustainable' (can't be solved thru minor changes)

    04/09/2010 7:52:02 PM PDT · by NormsRevenge · 27 replies · 896+ views
    The Hill ^ | 4/9/10 | Walter Alarkon
    Fundamental changes to the federal budget will be needed to rein in unsustainable deficits, Congress’s budget watchdog said Thursday. “U.S. fiscal policy is unsustainable, and unsustainable to an extent that it can't be solved through minor changes,” Congressional Budget Office (CBO) Director Douglas Elmendorf told reporters at a Christian Science Monitor breakfast. Spending on Medicare, Medicaid and Social Security, plus defense programs and debt interest, will exceed the rest of the federal budget in 10 years if most of the 2001 and 2003 tax cuts are extended, as President Barack Obama has proposed, Elmendorf said. “It's a matter of arithmetic,”...
  • America's future could be all Greek to us

    02/27/2010 7:05:11 PM PST · by JLS · 25 replies · 835+ views
    Orange County Register ^ | 26 February 2010 | Mark Steyn
    While Barack Obama was making his latest pitch for a brand new, even more unsustainable entitlement at the health care "summit," thousands of Greeks took to the streets to riot. An enterprising cable network might have shown the two scenes on a continuous split-screen - because they're part of the same story. It's just that Greece is a little further along in the plot: They're at the point where the canoe is about to plunge over the falls. America is further upstream and can still pull for shore, but has decided, instead, that what it needs to do is catch...
  • Obama mind-boggling HYPOCRISY

    05/16/2009 12:56:02 PM PDT · by TheDailyChange · 4 replies · 354+ views
    The Daily Change ^ | 05162009 | TDC
    Oh yes brother, preach it to us, America is overspending, we need more financial responsiblilty, right? Well, let’s have a brief re-cap, shall we? Obama signed the $787 billion stimulus strong-armed through congress! Obama signed a $410 Billion Omnibus Spending Bill With Bipartisan Pork Obama signed a $3.4 TRILLION budget, with NO Republican support! AND NOW, congress is preparing for passage of the Obama MASSIVE Healthcare Entitlement program.
  • Obama Attempts to Spin Himself as Deficit Hawk

    05/16/2009 5:39:58 AM PDT · by StopBigGovt · 11 replies · 528+ views
    Big Government In Your Wallet ^ | 5/15/09 | Kelly Estes
    Will Americans swallow the spin from Obama on America's debt and idolize him as a Deficit Hawk and Defender of Fiscal Restraint? Or will Americans see through Obama's audacious spin for the illusion that it is? Vote in the poll.
  • Obama Says U.S. Long-Term Debt Load ‘Unsustainable’

    05/14/2009 3:50:45 PM PDT · by Crazieman · 115 replies · 4,582+ views
    King Bloomberg's News | 5/14/09 | Roger Runningen and Hans Nichols
    http://www.bloomberg.com/apps/news?pid=20601087&sid=aJsSb4qtILhg&refer=worldwide Link only, per the rules of King Bloomberg I's news service.
  • Is It A Crisis Yet? (spending on senior entitlements soaring)

    02/14/2008 6:23:32 AM PST · by jdm · 24 replies · 248+ views
    Captain's Quarters ^ | Feb. 14, 2008 | Ed Morrissey
    USA Today reports that spending on senior entitlements has risen 24% after adjusting for inflation since 2000. Despite no increase in the population percentage receiving benefits, the actual dollars spent on senior benefits in Medicare, Medicaid, and Social Security rose from $600 billion to $952 billion. Senior care has now become Job 1 of the federal government: The cost of government benefits for seniors soared to a record $27,289 per senior in 2007, according to a USA TODAY analysis. That's a 24% increase above the inflation rate since 2000. Medical costs are the biggest reason. Last year, for the first...
  • Maine Now Has Biggest Medicaid Population in Nation

    11/16/2005 8:02:21 AM PST · by robowombat · 59 replies · 1,529+ views
    Magic City Morning Star ^ | Nov 9, 2005 | IPR
    Maine Now Has Biggest Medicaid Population in Nation By IPR Nov 9, 2005, 20:42 PORTLAND -- The Maine Heritage Policy Center today cited updated 2004 data from the Kaiser Family Foundation that shows Maine now has the largest Medicaid program in the country, covering 21 percent of all non-elderly individuals, those under 65 years old, within the state. Almost all Mainers over 65 have Medicare coverage. "Maine once again is an example for the nation of an unsustainable level of Medicaid spending," said Tarren Bragdon, director of health reform initiatives for The Maine Heritage Policy Center. "Maine is number one...
  • Moral relativism

    01/16/2005 3:21:16 PM PST · by Kitten Festival · 1 replies · 209+ views
    The American Thinker ^ | Jan. 15. 2005 | Jack Kemp
    In these days of liberals attacking Jesusland, and advocating moral relativism with its no right and wrong philosophy, I always hark back to the words of Barbra Streisand. Yes, for real. Actually, they were the words of Neil Simon, spoken by Barbra, in the 1970 comedy movie The Owl and The Pussycat. Streisand played a prostitute who eventually marries. In a scene with her new boyfriend, she explains how she overcame her guilt feelings about being a prostitute by visiting a psychologist. The psychologist told her that her guilt was just a leftover bourgeois emotion, a tired and outdated concept...