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Topic: Beyond waste and fraud |
Beyond waste and fraud
Washington Times, by Editorial
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Original Article
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Posted By:LittleHoodedMonk, 1/9/2013 2:34:59 PM
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| Democrats are united in their fiscal message. Throughout the “cliff” negotiations and again with the pending debt-ceiling debate, their argument has rested on a single, flimsy premise: Cutting government spending would push the economy into recession. In a Cato Institute study released Tuesday, Harvard economist Jeffrey Miron argues slashing unproductive government spending and lowering tax rates simultaneously is the only way to achieve a brighter economic future. That’s heresy to the followers of John Maynard Keynes, the British economist whose ideas came into vogue in the 1930s,
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Comments:
Ironic, that a Kenyan [0bama] would be a follower of Keynesian economic thinking. That Jimmy Carter & FDR were of like beliefs is enough for me to know that historically, it has never worked, like socialism.
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Reply 1 - Posted by:
VAfreedomluver, 1/9/2013 2:49:10 PM (No. 9107410)
Under Keynesian theory, a government program that paid people to dig holes and then fill them back in would be a valuable program, since it would "stimulate demand."
What Keynesianism fundamentally ignores is that for government money to be paid to a person in order to stimulate consumer demand, it must first be confiscated from someone else, which reduces demand by an equal amount. Or it can be borrowed, for awhile, which will result in reduced demand in the future.
The only way to truly create new demand in the economy is to increase overall wealth. And that´s the exact opposite of what the Democrats propose.
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Reply 2 - Posted by:
deepthinker, 1/9/2013 4:08:02 PM (No. 9107566)
In addition to #1´s excellent point, there is an incredible Orwellian doublethink (hypocrisy???)among liberals about the magic of government spending.
We see the shills like Krugmann and Reich tell us that "cash for Clunkers" was great for the economy. (It certainly parallels digging useless holes and refilling them!!) Then why is the war in Iraq always portrayed as a "drag" on the economy? Why is it a good thing to crush working vehicles so they must be replaced, but a bad thing to blow up ordinance and cruise missiles so we can buy new ones?????
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Below, you will find ...
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Posted By: LittleHoodedMonk- 5/24/2013 2:49:43 PM
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Madrid - On May 1, 2021 Baltasar Garzón’s suspension from the bench for authorizing illegal wiretaps in the Gürtel corruption investigation will expire. The crusading magistrate will be 65. “On that day I will return to take up my post as a judge,” says Garzón from Bogota, from where is to travel to Argentina this weekend. Since his disqualification, Garzón has been a nomad, with seven jobs in six countries, including serving as director of the International Center for the Promotion of Human Rights in Argentina; a University of Washington post; and advisor to the Colombia Attorney
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Posted By: LittleHoodedMonk- 5/24/2013 2:28:50 PM
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Reuters, by Deborah Zabarenko
Original Article
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Posted By: LittleHoodedMonk- 5/24/2013 2:14:50 PM
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Washington - Across-the-board budget cuts have created Furlough Friday in Washington and elsewhere, as the one-day closing of four federal agencies forced an unpaid day off for 115,000 workers. Employees at the Environmental Protection Agency, the Department of Housing and Urban Development, the Internal Revenue Service and the Office of Management and Budget stayed home on Friday. The furlough affects about 5 percent of the federal workforce, according to Cory Bythrow, communications director at the National Federation of Federal Employees, a union representing government
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Original Article
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Posted By: LittleHoodedMonk- 5/24/2013 2:05:02 PM
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New York - New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses. Schneiderman - who has said he plans to sue Bank of America and Wells Fargo for failing to live up to their obligations under the deal - said other states had found similar problems. (Snip) The other banks are JPMorgan Chase & Co, Citigroup Inc, and Ally Financial Inc. The banks agreed to provide relief to homeowners and comply with a set of servicing standards
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Agence France-Presse, by Staff
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Posted By: LittleHoodedMonk- 5/24/2013 1:52:35 PM
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The rugged landscape created by volcanic eruptions and tectonic plate shifts in east and south Africa millions of years ago may be what prompted our human ancestors to start walking on two legs, a study said Friday. The research published in the journal Antiquity challenges the commonly-held theory that early hominins (members of the broad human family) were forced onto two feet on the ground because climate change reduced the number of trees they lived in. (Snip) "Our research shows that bipedalism may have developed as a response to the terrain, rather than a response to climatically-driven
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Posted By: LittleHoodedMonk- 5/24/2013 1:41:04 PM
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New York Times, by Jennifer Preston
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Posted By: LittleHoodedMonk- 5/23/2013 10:35:25 PM
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The National Oceanic and Atmospheric Administration issued its 2013 Atlantic hurricane outlook on Thursday, with a warning that the United States could be hit by up to six major hurricanes this year. The seasonal average is three. Oceanic and atmospheric conditions in the Atlantic basin are expected to create stronger and more hurricanes, setting the stage for an “above normal and extremely active” season, said Gerry Bell, lead seasonal hurricane forecaster for NOAA’s Climate Prediction Center, who explained the underlying reasons in a NOAA video.
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Posted By: JoniTx- 5/22/2013 10:21:38 PM
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The public got its first look Thursday at Lois Lerner, who has gone from faceless IRS bureaucrat to the face that launched what feels like 1,000 congressional hearings and conspiracy theories. But it was only a brief sighting since she didn´t stay long at a House hearing to further probe her role in how some IRS workers came to target conservative groups seeking tax-exempt status. (Snip)She did make a short statement to declare her innocence, however. Lerner´s motivation was more transparent than much of what the IRS has done in connection with this controversy. She was determined to
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Posted By: FlyRight- 5/23/2013 5:59:27 AM
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When you get right down to it, the political targeting and stalling of tax-exempt applications by the IRS was an effort to defund the Tea Party. Rick Santelli, one of the Tea Party founders and my CNBC colleague, was the first to make this point. I’ve taken it a step further: The IRS was taking the Tea Party out of play for the 2012 election, as it looked to avoid a repeat of 2010 and another Tea Party landslide.There are a lot of numbers out there.
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Original Article
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Posted By: NorthernDog- 5/23/2013 3:03:53 PM
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Eva Longoria is backing up her beauty with a whole lot of brain. The actress graduated with a master´s degree Wednesday. Longoria, 38, took home a real degree (not an honorary one) in Chicano studies from Cal State Northridge, where she physically attended classes for three years, according to TMZ. "Big day today!!! Very excited to graduate for my master´s degree in Chicano studies! You´re never too old or too busy to continue your education!" the actress wrote on her Who Say site Wednesday, sharing loads of pics of her big day, posing with her family, cohorts and diploma.
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Why was the Department
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American Thinker, by Sally Zelikovsky
Original Article
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Posted By: magnante- 5/23/2013 8:09:21 AM
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What´s so interesting about 60 tea partiers protesting the IRS in San Jose, California on Tuesday, May 21st? The fact that this bit of information was conveyed to the protesters by a Department of Homeland Security officer who was also in attendance. What was a DHS agent doing at the San Jose Tea Party protest? (snip) they weren´t just spying on us in San Jose and monitoring us in San Francisco, they were watching us throughout the entire state
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President Obama on Thursday nominated Victoria Nuland, a State Department official involved in the editing of the administration´s talking points on Benghazi, to be the next assistant secretary of state for European and Eurasian affairs. Nuland, a career foreign service officer who was until recently State´s top spokesperson, had long been expected to be nominated the post to replace Philip Gordon, who Obama picked to serve as Middle East coordinator for the National Security Council. Nuland´s nomination -- which requires Senate confirmation -- could come under scrutiny from Republicans who see her as playing a central role in shaping
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Posted By: KarenJ1- 5/23/2013 9:48:28 PM
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Conservative radio host Mark Levin is very skeptical of the idea that President Obama had absolutely no idea about the IRS tea party targeting before the story broke in the news mere weeks ago. Levin declared adamantly that it is a “flat-out, bald-faced lie” that Obama didn’t know beforehand, citing prior reports by a few conservative news outlets picking up on the news well before the 2012 presidential election. Levin said, “I don’t believe for two seconds that Obama wasn’t aware of this.”
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Posted By: RappVol- 5/23/2013 7:36:59 AM
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On “Fox News Sunday” last weekend, White House aide Dan Pfeiffer was asked about President Barack Obama’s whereabouts the night of the Sept. 11 attack in Benghazi. This was the night when we lost our first ambassador in 30 years, and when three other Americans were killed in an attack that lasted all night long at multiple locations within the eastern Libyan city. Since the president is commander in chief, one would think where he was and what he did during such an event would be of obvious public concern.
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