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WHO IS MORE DIVORCED FROM REALITY -- REPUBLICANS OR DEMOCRATS? |
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Written by Jack Kelly
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Wednesday, 20 March 2013 |
The
farthest known galaxy is about 13.3 billion light years from here. But MACS0647-JD
may be closer to earth than Democrats and Republicans are to each other on
taxes, spending and debt -- and either is to reality.
Last
week, House
Republicans presented their proposed budget for the 2014 fiscal year, which
begins Oct. 1. Senate Democrats (for the
first time in four years) offered a budget,
too.
The
Congressional Budget Act requires the Congressional Budget Office to project
federal spending and tax revenues ten years into the future. This lets lawmakers and staff try their hand
at writing fiction. So who's writing more fiction here, the Pubs or the Dems?
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WHAT IF THERE IS A GOD AND IT'S NOT BARACK OBAMA? |
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Written by To The Point News
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Friday, 22 March 2013 |
Credentialed specialists in political cosmology and
government-approved astrophysics are grappling with a mind-bending possibility:
what if there is some force other than government power that is responsible for
the world in which we live?
This unexpected schism is caused by recent experiments at the Large Handout
Deficit Collider, in which generated sequester particles did not cause the
universe to implode as predicted.
The original plan called for shooting highly charged irresistible
Keynesian public stimulus forces at immovable wealthy private capital objects,
in the hope of creating enough monetary fusion products to keep the economy's
momentum from decelerating for another summer.
Theoreticians believed if the deficit could not reach sanity escape velocity,
huge numbers of sequester particles would be released, which would generate
financial black holes and quickly envelop all observable too-big-to-fail banks,
eventually compressing the entire world economy into a space smaller than Joe
Biden's brain. However....
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HALF-FULL REPORT 03/15/13 |
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Written by Jack Kelly
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Friday, 15 March 2013 |
There is a new pope.
To the surprise
and dismay of most in the MSM,
he's Catholic.
* * * *
Anti-American statements by Afghan President Hamid Karzai
have put our troops at greater risk, said our
commander there.
* * * *
Rep. Paul Ryan (R-Wis) has released his budget plan for
FY 2014, which begins Oct. 1. It would
lead to a balanced budget in 10 years without raising taxes, because it would
reduce currently projected spending over the decade by $5.7 trillion. The
national debt as a proportion of GDP would decline to 62.3 percent. But if
would actually reduce federal spending.
Senate Democrats will offer a budget
for the first time in four years. Under
it, federal spending would rise 62 percent over the decade. Deficits would be
more than $400 billion every year.
Ryan assumes the economy will grow at a rate of a little
more than 3 percent a year, which has been described as "rosy," since growth
was much lower than that in Zero's first term. The GDP growth assumptions in
the Democrat budget (an average of 4.9 percent a year) are positively
surreal.
* * * *
Cancelling White House tours has backfired
big time. A judge tossed out Nanny
Bloomberg's "arbitrary and capricious" ban on large sodas. The Inspector General for the Justice
Department slapped around the Civil Rights division.
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EMBALMING FREEDOM |
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Written by Dr. Jack Wheeler
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Tuesday, 12 March 2013 |
"He's one of these narcissistic, charismatic
sociopaths history has been bedeviled with for millennia. These folks are
pathological liars, they care nothing for ‘the people' whom they pretend to
love, their lives are devoted to ruling over others and controlling their
lives, they bring misery to those they rule yet are worshipped
nonetheless. Obama-worship is like some kind of religious cult, whose
high priests are the media elite. Obama feeds off it, so his desire for
more power and creating more misery increases. The human capacity to
worship such sociopaths is one of life's mysteries."
Asunción, Paraguay. The Congressman who told me that during the
dinner conversation I described in The Traitor in the
White House (2/20/13) voiced what I have never understood: the human capacity to worship evil.
The
Congressman was talking about Zero, but his words apply even more so here in
South America to the man the whole continent is fixated on right now, Hugo
Chavez. On every TV news show, in every
newspaper and magazine, it's Chavez 24/7.
And most all of it is lies.
Let's start
with what every spook agency in the world knows - from Langley to Whitehall to
the KGB/FSB and China's MSS - but no major media outlet is reporting: Chavez didn't die on March 5th in
Venezuela, he died January 3rd in Cuba.
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THE GLOBAL SLUMP AND THE US STOCK BOOM ILLUSION |
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Written by Ambrose Evans-Pritchard
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Tuesday, 12 March 2013 |
Asia's economic recovery
is losing momentum and Europe's slump is proving deeper than expected, raising
concerns that soaring stock markets globally have jumped ahead of economic
reality.
Japan's closely-watched index for machinery orders fell 13%
in January, nearing levels last seen after the Lehman Brothers crisis. "It
is a shockingly poor number and illustrates the divergence between the
improvement in sentiment in financial markets and what is actually happening on
the ground," said Julian Jessop from Capital Economics.
China's
industrial output rose 0.6% in January and 0.8% in February, the slowest pace
since early last year. Retail sales growth dropped to 12.3%, the weakest since
early 2004. "The goal of consumer-led growth remains a pipe dream for
now," said the group's China economist, Qinwei Wang. "The economic
rebound may already be stalling."
The US economy is holding up, as cheap shale gas drives a
manufacturing revival, but Charles Dumas from Lombard Street Research said
America still has to navigate the most drastic fiscal squeeze since the Second
World War. "We think tightening will be 2.5% of GDP this year and that
will hit profits," he said. "We
expect a 10-20% correction in the S&P 500."
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WHY DO WE STAND FOR FEDERALIES LIVING LARGE WHILE MILLIONS OF US HAVE NO JOBS? |
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Written by Jack Kelly
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Thursday, 14 March 2013 |
For
the first time in more than half a century, "the average American is both
earning less and worth less than four years earlier," the New
York Times reported last June.
Total
household net worth is nearly 7 percent below what it had been in 2007, the
Federal Reserve estimated then.
Per capita income in the U.S. in
2008 was $40,947. It rose to $41,560 in
2011, an increase of just 1.5 percent.
But because inflation rose more than that, purchasing power declined.
What have been hard times for most Americans have been boom times for the federal government and for federal employees. They, including the president, work for us. Why do we stand for them, including the president, to live large at our expense, when tens of millions of us have no jobs?
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TO CLAIM CUTTING FEDERAL SPENDING WILL COST JOBS IS NONSENSE |
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Written by Richard Rahn
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Wednesday, 13 March 2013 |
The head of the Obama White House National Economic Council,
Gene Sperling, who is a lawyer, has been claiming that "all
economists" agree that sequestration will cost 750,000 jobs. I am an
economist with a doctorate from Columbia University, and I don't agree.
The fact is that most classical and Austrian school
economists also don't agree (including many Nobel laureates), because they
understand that U.S. government spending is well above the optimum for economic
growth and job creation, which means that less government spending will create
more jobs, not fewer.
The Republicans should use the Continuing Resolution and the
budget cap to force a further slowdown in the growth of government, and thus,
less federal spending as a share of GDP. This should result in even more
private-sector job creation, provided that there is restraint by the
administration on all the new job-killing regulations.
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A SOCIETY OF ILLITERATES |
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Written by Jack Kelly
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Wednesday, 13 March 2013 |
"The foundation of every state is the education of
its youth," said Diogenes
Laertius, a third century biographer of the ancient Greek
philosophers. The foundation of our nation
is in alarming disrepair.
Ours is now the only major economy in the
world where today's students will not be better educated than their parents
were, said Andreas
Schleicher, special adviser on education at the Organization for Economic
Co-operation and Development (OECD).
What's important isn't the money wasted. It's the lives being crippled.
Only one in five young adults in the U.S. reaches a
higher level of education than their parents, OECD statistics indicate. The ignorance of young people today is so
prevalent and so pronounced that mocking it has become a staple of late night
comedians.
But there is nothing funny
about ignorance so massive it threatens the health of our economy and the
viability of our democratic institutions.
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THE TREASURE OF HUMAN CONNECTION |
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Written by Dr. Joel Wade
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Thursday, 14 March 2013 |
One of my favorite
researchers is Barbara Fredrickson, of the University of North Carolina at
Chapel Hill.
Her new book is Love 2.0, in which she looks at
"love from the body's perspective" -- meaning that she has been studying how
the experience of the emotion of love
affects your physiology, including your physical health.
Now, when we hear the word
"love," we think of romantic love, or how we love our kids,
other family members, and friends.
We even feel it in what
Fredrickson calls "micro-moments of connection." The nice conversation you have
with the checkout person at the grocery store; the warm greeting of welcome by
a new acquaintance at a meeting; even the moment of eye contact with a stranger
who holds open a door.
It turns out that these micro-moments
of connection are actually filled with stuff that is good for you, like a good
meal is filled with nutrients; emotionally, psychologically, and in terms of
your overall health.
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BENEDICT'S MESSAGE FOR OBAMA |
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Written by To The Point News
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Friday, 15 March 2013 |
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HALF-FULL REPORT 03/08/13 |
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Written by Jack Kelly
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Friday, 08 March 2013 |
Sen. Rand Paul, R-Ky, astonished Washington Wednesday (3/6)
with an old fashioned filibuster - the kind where you talk until your voice
gives out, a la Jimmy
Stewart on the silver screen, Sen.
Strom Thurmond, D-SC, in real life.
The filibuster galvanized CSPAN viewers, boosted GOP morale, and forced
Attorney General Eric Holder to make a major concession.
* * * *
As part of his effort to make budget cuts imposed by the
sequester seem as painful as possible, President Obama cancelled White House
tours this week. His ploy backfired, big
time.
* * * *
A sign Zero's Chicken Little strategy isn't working is that
comedian Jon
Stewart is mocking it.
* * * *
The government of Venezuela announced Tuesday (3/5) that
Hugo Chavez had died. The Chavistas
kicked two U.S. military aides out of the country, implying they were somehow
responsible for el jefe's death.
* * * *
Beppe Grillo, the comedian turn politican who Jack Wheeler
introduced TTPers to last June, holds the balance of power in Italy after the
elections Feb. 25.
* * * *
Alabama is about to stick
it to one of the most powerful teachers unions in the country.
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THE WORLD’S MOST FREEDOM-LOVING PEOPLE |
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Written by Dr. Jack Wheeler
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Thursday, 07 March 2013 |
Hargeisa, Somaliland.
Who are the most freedom-loving people in the world? Certainly not Americans.
We gave that up when a majority of us elected Zero in 2008,
and reaffirmed our abandonment of freedom by reelecting him (or allowing him to
steal it) last November. Today,
Americans are racing away from freedom and into The Traitor in the White
House's Fascist Police State as fast as they can.
Someday, Americans may find the courage to no longer sell
their birthright of freedom for a mess of government entitlement pottage, as
Esau sold his birthright to Jacob (Genesis
25:29-34). That's someday, it sure isn't
now. Right now, the people who love
freedom more than any other are a group of Moslems in the Horn of Africa.
They are the people of Somaliland, who would rather be impoverished
and free than sell their freedom for pottage.
Their story is a heroic saga, epically inspirational. Let me tell it to you.
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GRIEVING CELEBRITIES STRUGGLE TO FIND REPLACEMENT DICTATOR |
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Written by Guy Caballero
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Wednesday, 06 March 2013 |
(AP) The formal announcement yesterday (3/05) by the
Venezuelan government that Hugo Chavez has died sent shockwaves through the
ranks of the Hollywood elite, who had long been the Venezuelan leader's
staunchest supporters. Throughout the day, celebrities struggled to cope with
the devastating loss.
"Sean is devastated, completely inconsolable," Sean Penn's
publicist Amy Glattensturmer told the AP. "He's been in his bedroom all day. He
won't eat, he won't berate his staff, he won't punch women, he wouldn't even
come outside to look at the brand new Ferrari Enzo the studio sent him as
incentive to read a script. He realizes that a true champion of the working
class has died today, and, as one himself, Sean has taken the hit very hard."
"The relationship between celebrities and their dictators is
a very close one," PR guru Benjamin Shaltzberg told the AP. "Hollywood
celebrities had formed a huge bond with Chavez. It will be difficult to
replace."
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OBAMA’S FISCAL DEATH DANCE |
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Written by Richard Rahn
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Wednesday, 06 March 2013 |
It is estimated that up to a quarter of all American
households still owe more on their mortgages than their homes are worth. Many
of these people have been able to refinance their home loans with much lower
interest rates, but that does not solve the problem because they have a balance
sheet problem rather than a cash-flow problem.
Those who owe more on their homes than they can sell them
for, and who have little other savings or assets, are "locked in" to
their existing homes.
Even if they have a better job offer in a location too
distant to commute, they may not be able to take the job because they cannot
afford the mortgage payments on their existing homes, cannot sell for a price
higher than their mortgage, or cannot afford rent or house payments in the new
location.
The Obama administration and the Federal Reserve are largely
responsible for the problem. Ironically, they too are locked in to an inescapble conundrum of their own making.
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OBAMA’S VISION OF AMERICA IS DETROIT |
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Written by Jack Kelly
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Thursday, 07 March 2013 |
If you'd like to
get a glimpse of what America will look like if President Barack Hussein Obama
gets his way on everything, take a good look at Detroit.
In 1950, Detroit
was America's 5th largest city, with a population of 1.84 million. Median household income was higher
than in any other city. So was the
percentage of people who owned their own homes.
Detroit was then arguably the best big city in which to live.
Today, Detroit
leads Forbes magazine's list of "most
miserable cities." It's the 4th
worst run city, according to Money
magazine. It's 2nd in violent
crime, 3rd in murders. Nearly half
of Detroiters of working age are unemployed. It's Obama's goal to make all of America like Detroit.
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