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Topic: Insolvency, U.S.A. |
Insolvency, U.S.A.
American Spectator, by Jackson Adams
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Original Article
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Posted By:StormCnter, 2/21/2013 6:15:31 AM
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| Last week marked this season’s first pow-wow between Illinois’ union and legislative leaders regarding what has become known as a pension “funding crisis.” It surprised nobody (least of all Illinois’ Democratic House Speaker, who failed to attend) that this summit produced nothing new. Meanwhile, the pension driven deficit “widens by $17 million a day,” according to Bloomberg. The situation has become so dire, that the state has postponed a $500 million bond offer in hopes that some kind of solution will ameliorate the consequences of the latest S&P downgrade to A-. Head southwest, and last week
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Reply 1 - Posted by:
Deedo, 2/21/2013 6:23:46 AM (No. 9188267)
The fantasy that unionized government workers should receive incredible pensions for more years than they worked on the job is untenable.
There just isn´t enough money, folks.
That I stuffed junk mail into mailboxes for 20 years does not mean that I should get 80% of my final years salary for the next 40 years. The economics do not add up, and lead ultimately to what we´re seeing in this story; bankrupt governments.
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Reply 2 - Posted by:
rolfnader, 2/21/2013 7:39:21 AM (No. 9188387)
Hold on to your 401k! There is really no easier place for them to find this money. Obama exists for these leeches.
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Reply 3 - Posted by:
StormCnter, 2/21/2013 7:54:01 AM (No. 9188415)
#2, that idea was broached in the co-president Clinton years. The Clintons just couldn´t figure out how to pull it off without riots.
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Reply 4 - Posted by:
jimmiet, 2/21/2013 10:17:15 AM (No. 9188704)
The stories of government retirement programs are endless. Two things have happened. All the years until retirement have passed and the money that should be there has been spent. From social security to municipal employee programs the story is the same.... fraud!
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Most Recent Articles posted by "StormCnter"
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One of US FBI’s most wanted
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Associated Press, by Staff
Original Article
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Posted By: StormCnter- 6/19/2013 5:44:15 AM
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CANCUN, Mexico — Mexican authorities have arrested a former university professor who was on the FBI’s Ten Most Wanted Fugitives list in the resort city of Playa del Carmen. Prosecutor Gaspar Armando Garcia Torres said Walter Lee Williams, 64, is wanted on charges of sexual exploitation of children and traveling abroad for Garcia said Williams was captured late Tuesday while drinking coffee near a park in the Caribbean beach town. “This person is wanted by the FBI because he is linked to the sexual exploitation of children,” Garcia told reporters. He said it wasn’t clear how long Williams
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Jan Brewer’s Obamacare Deception
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Weekly Standard, by Jeffrey H. Anderson
Original Article
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Posted By: StormCnter- 6/19/2013 5:31:29 AM
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At least for now (although a statewide referendum may be pending), Arizona governor Jan Brewer, a Republican, has succeeded in her efforts to implement a key part of Obamacare in her state. Brewer has very aggressively — and entirely voluntarily — spearheaded the charge to implement Obamacare’s massive Medicaid expansion on her watch. She now claims, however, that she’s not really implementing Obamacare — or at least not any significant portion of it. In a recent interview reported by the Associated Press, Brewer said, “This business that this is Obamacare is a little bit interesting.”
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The Other Weiner
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New York Post, by Editorial
Original Article
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Posted By: StormCnter- 6/19/2013 5:27:18 AM
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If Anthony Weiner hadn’t decided to run for mayor, we might never have learned about the cushy deal Hillary Clinton’s State Department arranged for his wife. But that deal has now caught the attention of Sen. Chuck Grassley. And the Judiciary Committee’s ranking Republican has sent State a letter asking 18 specific questions about how and why Huma Abedin was allowed to work simultaneously for Foggy Bottom and private clients. Abedin was serving as Secretary Clinton’s deputy chief of staff when in June 2012 she returned from maternity leave and became a “special government employee.”
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Pentagon Shoots Down
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Bloomberg, by Jeffrey Goldberg
Original Article
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Posted By: StormCnter- 6/19/2013 5:22:47 AM
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Twenty years ago, in a debate over the war in Bosnia, Madeleine Albright, then the U.S. ambassador to the United Nations, issued a challenge to the chairman of the Joint Chiefs of Staff, General Colin Powell. Albright wanted the U.S. to confront an aggressive Serbia; Powell and the Pentagon were hesitant. Albright grew frustrated: “What’s the point of having this superb military that you’re always talking about if we can’t use it?” Albright asked. Powell later said that he thought Albright was going to give him an aneurysm. Flash-forward to this past Wednesday. At a principals meeting
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Living in Fear: Welcome
to Fascist America
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PJ Media, by Roger L. Simon
Original Article
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Posted By: StormCnter- 6/19/2013 4:58:40 AM
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Back in the ’80s when, on a couple of occasions, I visited the Soviet Union, I always wondered what was it really like to live in that godforsaken place. But it didn’t much matter. For all the creepy spying that was going on, I realized I’d be out of there in a week or two. Now I know what it was like. It’s come home. I live in fear. I don’t want to admit it, but it’s true. Every phone call I make, every email I send, every text I message, every article I write including this one,
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Senator: IRS to Pay $70M
in Employee Bonuses
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Associated Press, by Stephen Ohlemacher
Original Article
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Posted By: StormCnter- 6/19/2013 4:49:49 AM
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WASHINGTON-- The Internal Revenue Service is about to pay $70 million in employee bonuses despite an Obama administration directive to cancel discretionary bonuses because of automatic spending cuts enacted this year, according to a GOP senator. Sen. Chuck Grassley of Iowa says his office has learned that the IRS is executing an agreement with the employees´ union on Wednesday to pay the bonuses. Grassley says the bonuses should be canceled under an April directive from the White House budget office. The directive was written by Danny Werfel, a former budget official who has since been appointed acting IRS commissioner.
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Karzai Suspends Talks With
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Associated Press, by Amir Shah
Original Article
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Posted By: StormCnter- 6/19/2013 4:46:19 AM
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KABUL, Afghanistan -- Afghan President Hamid Karzai says he has suspended talks with the U.S. on a new security deal to protest the way the Americans are reaching out to the Taliban in efforts to find a political solution to the war. Karzai says he has suspended negotiations with the U.S. on what troops will remain in the country after 2014. He says he did this "in view of the contradiction between acts and the statements made by the United States of America in regard to the peace process." The Afghan president´s statement was released by his office
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Most Active Articles (last 48 hours)
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Edward Snowden Is In The
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Business Insider, by Brett LoGiurato
Original Article
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Posted By: StormCnter- 6/18/2013 5:34:23 AM
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Amid a steady rise of backlash, Edward Snowden, the 29-year-old former National Security Agency contractor who was the source of a spring of leaks about the agency´s surveillance methods, conducted a live chat on The Guardian´s website Monday morning. Judging from some of the pointed questions he´s been asked and the reaction to newly leaked revelations over the past few days, it´s clear that much of the sympathy and support Snowden had built up for his early exposures is eroding. Many Americans supported his decision to leak information about a pair of National Security Agency surveillance programs, which, he detailed, gathered information
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Barbara Walters Defends Maher
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Newsbusters, by John Nolte
Original Article
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Posted By: JoniTx- 6/17/2013 5:19:02 PM
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As NewsBusters reported last week, former Alaska Governor Sarah Palin called out vulgarian comedian Bill Maher for referring to her Down Syndrome son Trig as "retarded." On ABC´s The View Monday, co-host Barbara Walters astonishingly defended Maher saying, "I don´t think he intended it to be mean-spirited" (video follows with transcript and commentary): WHOOPI GOLDBERG: At a recent standup show in Las Vegas, comedian Bill Maher apparently called Sarah Palin’s five-year-old developmentally-challenged son Trig retarded. And Sarah blasted him on Twitter as a bully. Is that, is it, is he a bully? Is he a bad, what is he?
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Who is he? Obama keeps allies,
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The Hill, by Justin Sink
Original Article
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Posted By: ketchuplover- 6/17/2013 6:31:12 AM
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Five months into his second term, allies and enemies are as confounded as ever about who President Obama really is. Is he the dyed-in-the-wool liberal that his biggest supporters and critics suggest? Or is he a pragmatic, even cynical, politician who cares more for his popularity than taking risks for his ideological goals or living up to his rhetoric? Even in the short period since his reelection, Obama has provided evidence to support conflicting interpretations. His efforts to pass immigration reform, the unsuccessful push for stricter gun controls and tax hikes on high earners buttress the case for Obama-as-ideologue.
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Jeb Bush labels conservative
critics ‘the chirpers’
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Washington Post, by Aaron Blake
Original Article
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Posted By: KarenJ1- 6/17/2013 1:22:30 PM
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Jeb Bush says he’s not worried that his work toward comprehensive immigration reform and his ties to the GOP establishment will alienate conservatives and negatively impact a potential 2016 presidential campaign, referring to critics as “the chirpers.” “If I decide to run for office again, it will be based on what I believe, and it will be based on my record,” the former Florida governor said in an interview with the Christian Broadcasting Network’s David Brody. “And that record was one of solving problems completely from a conservative prospective.” Bush (R) pointed to his conservative
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Marco Rubio doesn´t
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Washington Examiner, by Charlie Spiering
Original Article
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Posted By: Fiesta del sol- 6/17/2013 6:42:44 AM
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Is Marco Rubio, R-Fla., getting played by Sen. Chuck Schumer, D-N.Y.? During his interview with ABC’s Jonathan Karl this morning, Rubio didn’t even seem to understand what that meant. “Are you being played by the Democrats?” asked Karl. “Is Chuck Schumer playing you?” “I don’t — I quite frankly, I don’t even know what that means,” Rubio replied. “Is he using you?” Karl continued. “Is he using you to try to accomplish something that the Democrats want and is not — not a conservative bill?” Rubio responded that immigration reform was a bi-partisan issue that “all Americans
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Obama: You Can´t Fathom
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Weekly Standard, by Daniel Halper
Original Article
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Posted By: Desert Fox- 6/18/2013 5:30:04 PM
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Charlie Rose last night asked President Obama his new Syria policy. The president first objected to it being called a new policy. "I´m not sure you can characterize this as a new policy. This is consistent with the policy that I´ve had throughout," he said. Obama then explained the goal is regional stability, and especially in Syria. "Really, what we´re trying to do is take sides against extremists of all sorts and in favor of people who are in favor of moderation, tolerance, representative government, and over the long-term, stability and prosperity for the people of Syria," said Obama.
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The IRS Immigration Fraud Scandal
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American Spectator, by Jeffrey Lord
Original Article
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Posted By: KarenJ1- 6/18/2013 10:37:24 AM
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Marco Rubio. Paul Ryan. The IRS. Illegal immigration. And fraud to the tune of billions.. Now there’s a combustible mix. Let’s start with the IRS, illegal immigration and fraud. We’ll come back in a minute to Senator Rubio and Congressman Ryan. For those who came in late, a year before the IRS scandals burst onto the scene in early May of 2013, an alert investigative reporter for WTHR-Indianapolis (Channel 13), Bob Segall by name, produced a stunning piece of journalism. Segall’s video report is found here and we will quote from his story for the basics.
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