Despite what the president may say when the Day of Reckoning finally arrives, he is ultimately responsible for what is likely to take place. Unbeknownst to most Americans and despite the fact that inflation at the grocery store and at the gas pump is beginning to take its toll, the simple fact that the dollar is the global reserve currency has protected U.S. citizens from the kind of commodity price increases that set off the Arab Spring in Tunisia. But things are beginning to change rapidly. Iran is moving ahead with its plan to trade oil
Kinda OT, but I heard Rush talk about them getting closer and closer to taking over the 401K´s and IRAs and I just wonder what to do with the funds after you get them out. A coffee can in the back yard?
Reply 4 - Posted by:
country boy, 2/26/2013 9:11:51 AM (No. 9196731)
#3, you can put funds anywhere, bank, checking account, money market, etc. The problem is that IRS will charge you a penalty (I think 10%) of all asset early withdrawls, plus the regular tax rate (it is considered ordinary income) And it´s all registered property. No where to hide.
0bama does not understand economy; he keeps spending and spending, wants more tax hikes, and he has no interest in cutting any program or reducing our debt. Our current spending is unsustainable, and common sense tells us there is definitely an impending economic free fall.
Snyder is correct about the end result but the whole reserve currency thing is secondary.
ObamaCare will destroy millions of fulltime jobs and end private insurance coverage for tens of millions. An Iranian nuclear weapon could lead to an atomic exchange in the middle east within 2 years and a collapse in Arab oil exports.
Btw, we are already in another Recession triggered by Tax increases and gas prices. But, it won´t officially a Recession for 3 more months. (A recession is only a recession after 6 months of downturns.)
Sarah Palin found a novel way to turn down an interview request from Piers Morgan on Friday, posting a picture on Facebook of a bear she had shot dead and a note saying she was busy. The former Alaska governor thanked chat show host Morgan for inviting her on his ´shambolic show´ but added she was ´kind of busy right now´. The Facebook message, which had been liked by nearly 3,000 of Palin´s supporters within two hours of it being posted, is part of an online spat between the pair after Morgan poked fun at her intellect. Earlier in the
There are some people whose conversational style calls out to be recorded in a typeface called “ironic”, and Sir Roger Moore, who played James Bond in seven films between 1973 and 1985, turns out to have a sense of humour even drier than his louche secret agent’s martinis. “Call me Charlie,” he says when I address him as Sir Roger. He has always been unfailingly modest about his achievements and quite happy to admit that the knighthood, which he has had since 2003, was bestowed for services to the charity Unicef – not for his acting. Nevertheless, his latest stage
Des Moines IA -Texas Sen. Ted Cruz says this month´s partial government shutdown and his key role in it were a success: They got people talking. "One of the things we accomplished in the fight over Obamacare is we elevated the national debate over what a disaster, what a train wreck, how much Obamacare is hurting millions of Americans across this country," Cruz told about 600 Iowa Republicans on Friday at the Iowa GOP´s annual fundraising dinner in Des Moines.Cruz´s crusader´s spirit was the perfect example of what longtime Republicans in Iowa and nationally say is at the root of
LE MARS, Ia. – About a half-dozen people toting signs stood outside the Le Mars Convention Center on Saturday morning to protest the appearances of U.S. Sen. Ted Cruz and U.S. Rep. Steve King. Cruz, a Texas Republican, went pheasant hunting Saturday morning in northwest Iowa with King, whose congressional district includes Plymouth County. Both were scheduled to appear at a noon fundraising luncheon to benefit King’s GOP reelection campaign. The luncheon was a sell-out with all 300 tickets sold. “We are totally against both King and Cruz,” said Mark Sturgeon, 49, of Le Mars, one of the protesters, who
President Obama blasted GOP opponents of his healthcare law as hypocrites after Republicans expressed concerns about the rocky rollout of HealthCare.gov. In his weekly address, Obama suggested that the GOP´s focus on the issue was in bad faith because Republicans have pushed for years to repeal, defund or dismantle ObamaCare. Republicans "spent the last few years so obsessed with denying … people access to health insurance that they just shut down the government and threatened default over it," Obama said. "It´s well past the time for folks to stop rooting for [the law´s] failure." Obama´s comments come after a tough
Democrats charged in a Friday memo that Sen. Ted Cruz (R-Texas) is leading the Republican Party, and that his "brand of conservatism" will hurt Republicans running for office in Iowa in 2014. The memo, issued by the Democratic National Committee and the campaign committees for both chambers and the party´s governors, came as Cruz is slated to headline a Friday night fundraising dinner in Des Moines, Iowa. "Make no mistake: Ted Cruz is leading the Republican Party. Candidates want to be him. Incumbents are afraid of him. The Republican Party base is energized by him," the memo reads. It´s the
While the nation’s attention has been riveted on the Keystone Congress, the executive branch was busy developing its own comedy routine. Picture the cast (you know the characters) shrugging their shoulders in unison: “Who, me?” This would be the response to the glitch-rich health-care rollout, for which no one seems responsible. “Beats me. I thought it was working!” This would also be the response to the eavesdropping scandal, which soon could become an international showdown. “Who knew?” Hint: He used to work at the National Security Agency (NSA) and now lives in Russia. Not least, the shrug also would be
A group tried to ram the gate of a Howard University homecoming concert in D.C. Friday afternoon, resulting in several injuries. D.C. Police responded to 6th Street and Howard Place NW just after 3 p.m. after several individuals tried to rush a gate into the YardFest concert, hosted by Howard University. Seven people were injured, including two officers and one other person was hospitalized. A video obtained by News4´s Shomari Stone shows one woman jumping the gate outside the event, then tracked down by several police officers and slammed to the ground, later arresting her. Another video posted on social
Take it from President Obama, Brooklyn is cool. The commander-in-chief showed the BK love Friday as he returned to the borough he briefly called home back in the 1980s. Obama visited a cutting-edge school that has been a showcase for Mayor Bloomberg’s education reforms, and then he joined mayoral hopeful Bill de Blasio for a campaign-style visit to Junior’s, the landmark cheesecake emporium. Obama, who lived in a brownstone on Second St. in Park Slope after he graduated from Columbia University in 1984, marveled at how Brooklyn had changed.
President Barack Obama--who oversees both the Department of Justice and the Department of Homeland Security--said in a speech at the White House on Thursday that it does not make sense to have 11 million people in the United States “illegally.” The president said that the people "illegally" in the United States need to be given an “incentive” to stay here and become what he called “legalized citizens.” “It doesn’t make sense to have 11 million people who are in this country illegally without any incentive or any way for them to come out of the shadows, get right with the law,
Stand outside the huge gates to Doris Day’s fortress-like home in California’s beautiful Carmel Valley and you can sometimes hear the sound of the canine companions who share the Hollywood star’s life. It’s been some years since Day, now 91 and so reclusive many may be surprised to learn she is still alive, used to steal through the streets of the nearby town of Carmel in the middle of the night on a regular basis. Locals would watch in surprise as she rounded up stray dogs and emaciated cats, bundling them in her car to take home and look after them.
The Affordable Care Act’s rocky rollout has put Democrats and the White House back on defense -- allowing Republicans who were deeply divided over, and under fire for, the partial government shutdown to unite and focus on the failures of HealthCare.gov. Not coincidentally, a handful of Democrats up for re-election next year in swing and red states have broken ranks with the Obama administration. New Hampshire Sen. Jeanne Shaheen sent a letter to the president demanding an extension of the deadline to sign up, and almost immediately was joined by Sens. Mark Begich of Alaska, Kay Hagan of North Carolina,
Sen. John McCain’s daughter says that her father is “depressed” and “frustrated” with the impact the “hyper-conservative wing of the party” is having on national politics, including on the recent government shutdown. “We’re both frustrated with the idea that only the hyper-conservative wing of the party is going to represent the masses,” Meghan McCain said in a joint interview with ABC and Yahoo News. Ms. McCain, who has her own reality show “Raising McCain,” said the last time she can remember her father was so depressed about the state of politics was after his failed 2008 presidential bid. “He is
First Lady Michelle Obama’s Princeton classmate is a top executive at the company that earned the no-bid contract to build the failed Obamacare website. Toni Townes-Whitley, Princeton class of ’85, is senior vice president at CGI Federal, which earned the no-bid contract to build the $678 million Obamacare enrollment website at Healthcare.gov. CGI Federal is the U.S. arm of a Canadian company. Townes-Whitley and her Princeton classmate Michelle Obama are both members of the Association of Black Princeton Alumni.
Senate majority leader Harry Reid says that "Everybody" is "willing to pay more" taxes. He said so in an interview with a Nevada Public Radio host. “The only people who feel there shouldn’t be more coming in to the federal government from the rich people are the Republicans in the Congress,” Reid told the radio host, according to Roll Call. “Everybody else, including the rich people, are willing to pay more. They want to pay more.” Reid rebuked the Nevada Public Radio host when he was asked what Republicans would have to concede to get Medicare and Social Security cuts
The Healthcare.gov debacle has been thoroughly dissected so far by America´s best health journalists and policy analysts. To be sure, every major rollout of a new or changed social policy, including Medicare itself, is rough and takes weeks or months to resolve. (Snip) It is the larger failure of public administration that has been endemic in the Obama White House, and is probably the president´s most significant weakness. The first clues to this problem came during the transition in 2008. George W. Bush and his chief of staff, Josh Bolten, offered exemplary assistance to the incoming Obama team—but many of the
Just how bad was the shutdown for America´s image on the world stage? So bad, says Secretary of State John Kerry, that foreign officials joked about buying him meals. "I have seen how our allies, our partners and those who wish to challenge us or to do us harm are all sizing us up every day," Kerry said at an event hosted by Center for American Progress, a liberal think tank. "What we do in Washington matters deeply…that´s why a self-inflicted wound like the shutdown can never happen again." Kerry added that the shutdown delayed security aid to Israel. "The dysfunction and
HOUSTON, — President Obama’s legacy may include a stake in the heart of a cherished dream of the progressive left: complete government control of healthcare in America. Obama has always wanted a single-payer, government-run healthcare system, and he set out a complicated but achievable path to get to that goal through Obamacare. The eventual failure of Obamacare would set the stage for single-payer healthcare. Unfortunately for him, he designed Obamacare to fail in the wrong ways at the wrong times, making it harder, not easier to achieve his goal of completely socialized healthcare. If Obamacare dies an early and spectacular failure, it will
Shepard Smith, the endlessly endearing (and easily angered) Fox News anchor, has likened the right-wing channel to a “family,” with president Roger Ailes as its domineering father. Which makes it only slightly awkward that in early 2012, the 49-year-old anchor started courting an attractive young production assistant who worked under him on Fox Report With Shepard Smith. Now they are a couple. Gawker has learned that Smith is dating a 26-year-old Penn State grad and Fox Business producer named Giovanni “Gio” Graziano. According to multiple sources with knowledge of their relationship, the couple met sometime after Graziano started working at Fox
It took a tea-party insurrection that disabled the federal government and wrecked the Republican brand, but after months of handwringing, establishment Republicans are preparing to attack ultraconservative ideologues across red America. (Snip) "Hopefully we´ll go into eight to 10 races and beat the snot out of them," said former Rep. Steve LaTourette of Ohio, whose new political group, Defending Main Street, aims to raise $8 million to fend off tea-party challenges against more mainstream Republican incumbents. "We´re going to be very aggressive and we´re going to get in their faces." The caterwauling over the GOP brand ramped up after President Obama´s
We´re hearing for the first time from a security officer who witnessed the terrorist attack on the U.S. diplomatic mission in Benghazi, Libya, last year. U.S. Ambassador Christopher Stevens and three other Americans were killed in the attack on the mission and a nearby annex. In an interview for "60 Minutes," correspondent Lara Logan spoke with a British citizen, who had been hired to train the Libyan guards at the U.S. mission. He calls himself Morgan Jones, a pseudonym to protect his safety.Jones says he was annoyed that the State Department wouldn´t allow his guards to carry guns. As the
You know what´s relatively easy? Fixing a website. You know what´s really hard? Ensuring access to affordable, quality health insurance for every single American and improving our broken health care system in the process. In the back-and-forth about the Obamacare exchange websites, let´s not lose sight of the ultimate goal of health care reform -- a goal that, even with the exchanges problems, we are steadily achieving. Less than 17 days into the signup period, the State of Oregon had already enrolled 56,000 people under the Medicaid expansion in Obamacare -- and reduced the state´s percentage of uninsured by 10%. In
WASHINGTON — Whether miffed over spying revelations or feeling sold out by U.S. moves in the Middle East, some of the United States’ closest allies are so upset that the Obama administration has gone into damage-control mode to ensure the rifts don’t widen and threaten critical partnerships. The quarrels differ in their causes and degrees of seriousness. As a whole, however, they pose a new foreign policy headache for an administration whose overseas track record is seen in many quarters at home and abroad as reactive and lacking direction. In Europe and the Middle East, rifts that once would’ve been quietly smoothed
If House lawmakers wanted a clear admission of guilt during today’s testimony from four government contractors behind the botched healthcare.gov launch, they must have been sorely disappointed. Instead, the committee hearing offered a daisy chain of blame and interconnected responsibilities—a reflection of just how convoluted the massive effort became. An official from CGI Group (GIB/A:CN), the main contractor for the Obamacare health exchanges, described 55 different subcontractors who worked on the site, which consisted of six main “complicated systems” and interacted with numerous