Sunday, July 31, 2011
Saturday, July 30, 2011
By JM Ashby
According to Bloomberg, investors pulled more money out of mutual funds invested in U.S. government securities last week than in any previous week this year.
Investors last week pulled more money from money-market mutual funds than any week this year as U.S. lawmakers failed to resolve the impasse over raising the debt ceiling.
Withdrawals reached $37.5 billion, with about 70 percent of the redemptions coming from institutional funds that invest in U.S. government securities, according to data from the Investment Company Institute, a Washington-based trade group. Investors poured $3 billion into German stock funds in the week ended July 27, the most since mid-2008, and $1 billion into gold and precious-metals funds, according to EPFR Global, a Cambridge, Massachusetts-based research firm.Read More: http://bobcesca.com/blog-archives/2011/07/republican-sabotage-taking-its-toll.html
Friday, July 29, 2011
Thursday, July 28, 2011
Archive available now....
Wednesday, July 27, 2011
Entire Massachusetts Congressional Delegation Appears In 'It Gets Better' Video -- Except Scott BrownBy Amanda Terkel
Of the 12 lawmakers who represent Massachusetts in the Senate and House of Representatives, Brown is the only one who does not appear.
A Democratic Hill staffer with knowledge of the project told The Huffington Post that Brown was invited to participate, but he declined.Read More: http://www.huffingtonpost.com/2011/07/27/scott-brown-it-gets-better-video_n_911349.html?ncid=edlinkusaolp00000009
Just a few weeks before Bachmann called for dismantling the programs during a House Financial Services Committee hearing, she and her husband signed for a $417,000 home loan to help finance their move to a 5,200-square-foot golf-course home, public records show. Experts who examined the loan documents for The Washington Post say that they are confident the loan was backed by Fannie Mae or Freddie Mac.Bachmann quickly sought to blame Fannie and Freddie as the financial crisis, driven by the bursting of the housing bubble, unfolded in 2008. Not shockingly, she thought Fannie and Freddie were lending to, you know, the wrong type of people. And just so there wasn't any confusion, Bachmann made clear that she means poor people of color made it harder for deserving people (it turns out she means herself) to get loans from the GSEs. At a hearing on September 25, 2008, Bachmann said: Read More:
Tuesday, July 26, 2011
Leader Reid’s proposal will reduce the deficit by $2.7 trillion, without affecting Medicare, Medicaid and Social Security and without changes to revenues. Unlike Speaker Boehner’s short-term plan, the Senate package presents responsible cuts that will allow us to raise the debt limit through 2012, providing certainty to the world markets, without hurting our economic recovery and job growth.
For military retirees eligible for Medicare, he also wants to raise the co-payments that they are charged to be in Tricare for life, the second payer for health care after Medicare. In addition, he wants to increase low fees that Tricare beneficiaries pay for pharmaceuticals purchased at their local drugstores.
Former defense secretary Robert M. Gates proposed raising Tricare Prime enrollment fees for single retirees from $230 a year to $260 a year and fees for retiree families from $460 a year to $520 a year. Coburn wants the fees to be much higher and more in line with private-sector health plans.
A good rule of thumb for political commentary -- or life in general -- is that terrorists are never right. People who go on mass shooting sprees are never right. The man or woman who lights the fuse on a bomb that blows up a government building is never right. Their actions are wrong, and the ideas that motivated them are wrong. Pat Buchanan, however, has discovered in the insane bigotry that allegedly animated Anders Behring Breivik's horrendous acts of violence in Norway a lesson about Europe and Islam that we maybe should take to heart.
In these hard economic times, I hope we can all afford an envelope and the price of stamps. Congress can't ignore hundreds of thousands of physical letters delivered to their offices, but have become adept to ignoring emails and electronic petitions. You can can still do that and donate, but here, you get to do it for free and send a physical reminder that you are a human being and not an abstract member of a nebulous Middle Class that earns $250,000 a year. (that's what they think middle class is)
Go Here to find your congressperson by clicking on your state: Contacting the Congress.
Click on their name and you will see all their office's addresses. You can send a letter to each and every one of them. The more, the better.
This sample letter has left blank the name so you can insert that yourself and you can modify it in any way you see fit. Consider it a starting point if you don't agree with the language or the points made.
Take action and talk to your representative(s) in plain, clear language. We, the American people, are the government. If we don't like it, we must change it.
My name & Address ___________________________________
To: Congressman _____________________________________
As a constituent in your district I am appalled at the political circus created by Congress with the United States of America debt ceiling. We, the American people, are not deadbeats and work hard in our daily lives to put a roof over our family’s head and food on the table.
We, the American people, expect our government to meet its financial and contractual obligations and are sick and tired of the political games played with our benefits, our tax dollars and the reputation of our Nation.
We, the American people, honor our debts and expect Congress to raise the debt ceiling permanently because we have other issues to deal with that have been taken off the table with this unpleasant distraction and mockery of our democratic system.
This letter is to inform you that as a committed voter and American, I demand the debt ceiling be raised permanently and Congress can begin to work in earnest to invest in our infrastructure and promote job growth across all 50 states.
We, the American people, understand the political football Congress is playing using our livelihood, our quality of life and our tax dollars as hostage in these nonsense negotiations.
We, the American people, demand that you stop immediately.
We, the American people, are sick and tired of the incompetence and bravado displays and we are not falling for it. We have seen these games before and this is not where we want to keep going in perpetuity.
We, the American people, will be writing to you again after the debt ceiling has been raised regarding pressing issues that affect us, the American people. It seems Congress has never spoken to one of us when they posture for the cameras.
This letter is very clear: We, the American people, want Congress to raise the debt ceiling permanently and never, ever threaten us with eliminating Medicare, Medicaid or Social Security. We, the American people, are entitled to those benefits we have paid so dearly for and we refuse to be held hostage so the top 2% can continue to profit without contributing to our society or democracy.
Monday, July 25, 2011
This all started when I suggested that the nonconstructive, name calling banter between him and weekend Conservative radio show host, Mitch Berg, was getting a little boorish. I told Gleason that I was able to engage Berg without either of us resorting to childish name calling. For that, I get called a simpleton, and delusional.
Now, I'm not that thin skinned. God knows I've been called worse. But, this kind of crap crosses the line. Quite frankly, I'm getting a little tired of people who talk shit through the relative anonymity of Twitter. I'm not going to get into the same war of words with Gleason that caused me to issue threats to #stribpol's resident bully, Tom Swift. I had never been so embarrassed by my own behavior in over 25 years.
This brings me to something that has been bothering me for a month or so. Gleason is what I call an intellectual elitist, someone who uses his overly educated tongue to talk down to people. Now I'm not hating because he's smarter than me. If that were the case, I wouldn't like too many people. I just have a problem with show offs. I can drive from Flandrau and Iowa, in St. Paul to Grand and Grass Lake Terrace, in Minneapolis, without giving it any thought. How often have you seen me talk down to someone who might be a little geographically challenged?
My liberal friends, I know most of you are pretty damned smart. But if you want guys like me to continue to support progressive causes, you better get your nose out of the air. Because this is exactly the disconnect I had with the Democrats, all those years I voted Republican. People can handle being called ugly, fat, maybe even crazy. But there is something about being called (or being referred to as being) stupid.
This all said, how smart is it to accuse someone you don't know of being a wife beater?
WASHINGTON, July 25, 2011 /PRNewswire-USNewswire/ -- House Speaker John Boehner's new budget proposal would require deep cuts in the years immediately ahead in Social Security and Medicare benefits for current retirees, the repeal of health reform's coverage expansions, or wholesale evisceration of basic assistance programs for vulnerable Americans.
The plan is, thus, tantamount to a form of "class warfare." If enacted, it could well produce the greatest increase in poverty and hardship produced by any law in modern U.S. history.
This may sound hyperbolic, but it is not. The mathematics are inexorable.
Norway massacre suspect warns of two more terrorist cells
Anders Behring Breivik, who confessed to mass killing spree, pleads not guilty in court and is ordered held for at least eight weeks.By The Associated Press and Reuters
The man who has confessed to carrying out a bombing and shooting spree that left 76 people dead in Norway will be held for at least eight weeks, half of that in complete isolation, after a closed hearing in which he said his terror network had two other cells.