The president of the World Bank on Saturday warned the United States was just ´days away´ from causing a global economic disaster unless politicians come up with a plan to raise the nation´s debt limit and avoid default. ´We´re now five days away from a very dangerous moment. I urge U.S. policymakers to quickly come to a resolution before they reach the debt ceiling deadline...Inaction could result in interest rates rising, confidence falling and growth slowing,´ World Bank President Jim Yong Kim said in a briefing following a meeting of the bank´s Development Committee. ´If this comes to pass, it
Comments: United States is in peril because it owes an impossibly large amount of money, imperiling the world economy. Expert solution? Borrow more money, at once.
(Economics 101 says large-scale borrowing by a large nation such as the United States places upward pressure on interest rates, so reduced US borrowing would in fact tend to keep interest rates under control... the precise opposite approach recommended by the World Bank.)
America must take care of America first. That means ending the tax, borrow, and spend policies of progressives like Pelosi and McCain. If it takes an extended government slimdown to make that happen, so be it. The US government takes in enough money to meet its Constitutional obligations and that is all it should be spending money on.
The world is full of liars ! We still have our normal revenue coming in every month, which is more than enough to service our debt and pay everything including SOCIAL SECURITY. That the President says we might not be able to pay our seniors is a bold faced lie. It still takes in more social secirity money each month than it pays out. Obama couldn´t stop those checks if he wanted to. Stop the lies, my head hurts.
The Federal Reserve has "legally counterfeited" billions upon billions of dollars to buy US bonds nobody else will buy. That explosion of fake money has diluted the value of the dollar worldwide which is why other countries no longer want our dollars. And the World Bank "just" figured out that there´s a problem with American borrowing? All that fake money plus money borrowed from China is needed by Obama to cover everything not paid for by the American Taxpayer. Now add ObamaCare to the mix which the CBO says will be much more expensive than Washington liars say. It may not hit the fan in 5 days, but the writing is on the wall.
Jersey City is known for its ´colorful´ political past. There´s Frank Hague, known as "the granddaddy of New Jersey Bosses," whose political machine was unrivaled in its day. There was Bernard Berry, who made his reputation banning rock and roll music from within the city limits. And there was Anthony Cucci, who threatened to foreclose on the Statue of Liberty due to an unpaid water bill. So when newly elected Mayor Steve Fulop found a pair of safes in the municipal building that had not been opened in a generation or more, he was understandably intrigued. The safes are in
The price for fresh whole chickens hit its all-time high in the United States in October, according to data released last week by the Bureau of Labor Statistics. In January 1980, when BLS started tracking the price of this commodity, fresh whole chickens cost $0.69 per pound. By this October 2003, fresh whole chickens cost $1.54 per pound. (Snip) In 2003 and 2008, the Environmental Protection Agency used the Clean Water Act to impose new regulations on “Concentrated Animal Feeding Operations (CAFOs),” targeting the manure they produce. In 2003, the EPA issued a final rule in the Federal Register to
Trenton — Gov. Chris Christie tonight said he would not sign the current Senate version of the so-called Dream Act, but that he still wants to extend in-state tuition to the children of immigrants who came to this country illegally. “They’re overreaching and making it unsignable and making the benefits richer than the federal program, the federal Dream Act, that’s simply not acceptable for me," the Republican governor said during his monthly call-in show on NJ 101.5 FM. The Senate on Nov. 18 approved the measure (S2479), which advocates say will affect tens of thousands of New Jersey residents.
New York — Scientists have uncovered a 3,700-year-old wine cellar in the ruins of a Canaanite palace in Israel, and chemical analysis shows this is where they kept the good stuff. Samples from the ceramic jars suggest they held a luxurious beverage that was evidently reserved for banquets, researchers said. “It’s not wine that somebody is just going to come home from a hard day and kick back and drink,” said Andrew Koh of Brandeis University. He found signs of a blend of ingredients that may have included honey, mint, cedar, tree resins and cinnamon bark. The discovery confirms how
Washington — The number of Americans who signed contracts to buy homes fell in October for the fifth straight month. Higher mortgage rates, price increases and the 16-day partial government shutdown held back sales. The National Association of Realtors said Monday that its seasonally adjusted pending home sales index dipped 0.6 percent to 102.1. That’s the lowest level since December. September’s reading was revised slightly higher to 102.7. There is generally a one- to two-month lag between a signed contract and a completed sale. The drop suggests final sales will remain weak in the coming months. The Realtors’ group said
WASHINGTON – USAID, the government agency in charge of distributing tax dollars to foreign aid projects, once again is being hit with allegations and audits exposing how fraud and corruption are undermining its programs. Though the government says it´s taking "steps" to address the problems, the multiple reports reflect a decades-long problem with how USAID money is administered and, critics say, how little has been done to fix it. "There´s a cult around foreign aid and those who question it," Judicial Watch President Tom Fitton told FoxNews.com. One new investigation shows millions are being stolen and sold on the black market
Irvington — Using eminent domain to bail out underwater homeowners won´t fix all Irvington´s problems, but Mayor Wayne Smith thinks anything that can help some residents of his economically struggling township is worth trying. "It´s not a panacea," Smith said. "But it looks like it could help some people." Irvington is the second municipality in the country to declare its intent to use eminent domain to purchase homes in foreclosure, behind Richmond, Calif. Support for the tactic is gaining traction nationwide in municipalities besieged by foreclosures. Irvington´s neighbor Newark, as well as Brockton, Mass., Chicago, and Yonkers, N.Y., have floated or are
Google may tout itself as being a publicly responsible, green fingered, all-things-good company that touts green technology, but the companies chief executives are not setting a good example from on high. In fact, it would appear they´re flying high whilst American taxpayers foot the bill. Despite lobbying the federal government on environmental policy, Sergey Brin, Larry Page, and Eric Schmidt have put 3.4 million miles on their private jets in recent years, polluting the atmosphere with 100 million pounds of carbon dioxide according to The Blaze. Forget using Google Hangouts to conduct business, the execs prefer the old-fashioned
New Jersey added 2,200 jobs in September and October, while the jobless rate ticked down slightly, giving little sign of a robust economic recovery in the first employment report released in two months due to the federal government shutdown. The state lost 2,000 private sector jobs and added 4,200 government jobs in the two-month period, according to the report released by New Jersey Department of Labor and Workforce Development. The report also revised New Jersey´s previous loss of 1,500 jobs in August, to a gain of 1,400 jobs. (Snip) The jobless rate ticked down from 8.5 percent in August, to
The Port Authority will be stuffing its coffers with holiday travelers’ cash. New Yorkers heading home from the Thanksgiving weekend are going to get roasted when they try to cross the PA’s bridges and tunnels, as a rate hike is scheduled to go into effect on Sunday, Dec. 1. E-ZPass tolls on the George Washington Bridge, Lincoln Tunnel, and Holland Tunnel will increase by 75 cents to $11 during peak hours. Off-peak, they will increase from $8.25 to $9. (Snip) Truckers whose vehicles have six axles will pay $84 in peak hours, up from $72. Trucks with four axles
Crime figures are routinely massaged by police desperate to show that they are making the streets safer, it was claimed yesterday. Serious offences including rape, child sex abuse, robberies and burglary are disappearing in a ‘puff of smoke’, MPs were told. Police are accused of downgrading crimes to less serious offences and even erasing them altogether by labelling them as accidents or errors. One police analyst claimed that hundreds of burglaries ‘disappeared’ in a matter of weeks at the Met after managers intervened. (Snip) Chairman Bernard Jenkin said he was ‘shocked’ by the evidence. ‘What we have heard is how there
Yet another incident of violence near a PATH station occurred this afternoon, resulting in a half dozen teens being taken into custody in Hoboken, officials said. A group of what were described as high school students outside the Hoboken Terminal/PATH Station at about 1 p.m. were verbally harassing people and throwing bottles, New Jersey Transit spokesman William Smith said. When Hoboken police responded, the teens fled into the train station, where they were taken into custody by NJ Transit police officers, Smith said. The teens were then turned over to Hoboken police to be processed, said Smith, adding that it
Those who wrote the PPACA legislation were much more brilliant than most conservatives have given them credit for. They have hidden a landmine in the way it all works that will ensure an eventual takeover of the entire health care industry by the government. Let me first clarify my professional interest. I have been a vendor of software and services to both insurance companies and providers, and therefore have a deep understanding of the health care industry and what the ACA will do to it. I do not work for any insurance companies or medical providers, nor do I own stock
Cher told her fans on Wednesday that she does not celebrate Thanksgiving. In fact, she appears to deplore the American holiday, calling in the “beginning of a great crime.” Cher said that the American settlers were guilty of taking land from native Americans who had no concept of property ownership and also intentionally infected them with smallpox. “You don’t celebrate the holiday I thought?” a fan asked Cher. “I DON’T,” Cher replied emphatically. She said that, to her, Thanksgiving is a day to see family, eat food together and watch a movie. “Not 2 celebrate the beginning of a GREAT Crime.” When asked
President Obama's weekly remarks: Hi, everybody. On behalf of all the Obamas — Michelle, Malia, Sasha, Bo, and the newest member of our family, Sunny — I want to wish you a happy and healthy Thanksgiving. We’ll be spending today just like many of you — sitting down with family and friends to eat some good food, tell stories, watch a little football and. most importantly, count our blessings. And as Americans, we have so much to be thankful for.
LEE COUNTY - The Lee County Sheriff´s Office has arrested a juvenile in connection with two random attacks reported in Lee County. Traveshia Blanks, of Fort Myers, is charged with two counts of battery on a person 65 years of age or older. On Tuesday around 3:50 p.m., deputies responded to a report of a group of people who randomly attacked an unsuspecting victim (Snip)We talked to students from nearby Cypress Lake High School who didn´t seem to think the teens did anything wrong. "I´m not gonna say it´s not right and it´s not fun, because it is fun," said
Economics: It seems the official position of Pope Francis is that the free market is a wicked enemy that must be restrained. With all due respect, he´s mistaken. The free market has been a heavenly blessing. Two days before our American Thanksgiving, the Argentinian pontiff, in his first apostolic exhortation, called the free market a "new tyranny." "Some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world," he wrote in the Vatican report. Claims of free-market success, he said, have "never been confirmed
President Obama is concerned these days with the "young invincibles," the 20-somethings he needs now to buy into his program, but who probably won´t because they feel (you guessed it) invincible and think they will stay so for quite a long time. But it takes one to know one, as the irony is Obama himself is, or once was, an ultra-invincible, unstoppable and doing what people said couldn´t be done. Could he become world famous on the strength of one speech? Yes, he could. Could he beat Hillary Clinton, a president´s wife and a feminist icon? Yes, he could. Could he
President Barack Obama told a Democratic fundraiser in Beverly Hills Tuesday that he has accomplished "as much, if not more" than any other president."Over the last five years, thanks to the leadership of Nancy (Pelosi) and Harry (Reid) and legislators who are here, we have accomplished as much, if not more, than any time in our history -- saving an economy from a Great Depression; revitalizing an auto industry that is producing better cars and has come roaring back like nobody believed; doubling our exports; drastically reducing our dependence on foreign oil; doubling fuel efficiency standards; doubling our production of
In the wake of the Obamacare fiasco, President Obama’s poll numbers are collapsing in two industrial Midwestern states — the quintessential swing state of Ohio and his home state of Illinois. In Illinois, the Democratic firm Public Policy Polling found Obama’s approval rating falling to just 50–46 positive in a state he carried by 17 points just a year ago. His biggest drops in support came among women voters (only 50 percent positive) and Hispanics (only 51 percent positive). Without his overwhelming support among African-Americans (92 percent), his approval rating would easily be in the low 40s. The liberal website
One day after a new poll showed that only a minority of Americans trust President Barack Obama, the president told an audience that his policies are based on kindness. “Kindness covers all of my political beliefs,” Obama told his audience of wealthy investors, high-tech donors, journalists and fellow Democrats Tuesday, only two months after he slashed at GOP legislators, calling them arsonists, nuclear blackmailers, economic wreckers, hostage-takers, obsessives and irresponsible extremists. “When I think about what I’m fighting for, what gets me up every single day, [kindness] captures it just about as much as anything,” he told his audience at the DreamWorks
Reports of bias incidents at Vassar College that involved hateful messages left on students’ doors were actually elaborate hoaxes — and the perpetrator is none other than the student member of the Bias Incident Response Team, The Daily Caller has learned. This fall semester at the liberal arts college in New York saw a curiously high number of bias incident reports. [snip] The task force had one student member: Genesis Hernandez, who is transgendered and was also a vice president of the Vassar Student Association (VSA), the student government.
Bias: After spending three years promoting ObamaCare lies, the media elite now scramble to get out of the way of a train wreck they helped cause. Their backpedaling would be funny if so many lives weren´t at risk. As the redistributive mechanics of ObamaCare rear their ugly head, the president´s propaganda puppets are suddenly sounding like conservative critics. Take the New York Times. In a fit of candor, it now agrees with what we´ve said all along — "redistribution of wealth lies at the heart of" the Affordable Care Act. The paper reported that "economic justice" was Obama´s real goal in taking over
The day before Thanksgiving 2013 shall hereby be known as “Richard Simmons Makes Hilarious Media Appearances Day.” The fitness guru dropped by the HuffPost Live studios to talk about his efforts in fighting childhood obesity. The conversation became critical of the Obama family when Simmons revealed that he was rejected in his attempt to join the First Lady in her “Let’s Move!” campaign. “I’m just not their set of sheets,” he told host Ricky Camilleri while wearing a set of anatomical muscle leggings and a “SWEAT” tank top. Simmons bristled at Camilleri’s suggestion that perhaps the White House doesn’t want to be