Categories
Politics United States

World Renowned Economists Advise Congress To Raise Debt Ceiling Now

If Republicans won’t listen to their fellow Democratic members of Congress, or even the President himself,  on the importance and necessity of raising the debt ceiling, well maybe – and this is wishful thinking on my part – but maybe, they will listen to, not one, not ten, not fifty or one hundred, but 235 world-renowned economists, including six Nobel Laureates in economics.

The group came together and wrote a letter to Congress, advising them that playing with the debt ceiling for political reason is not looking out for America’s best interests. Below is a letter of recommendation, written and signed by the  economists.

Dear Speaker Boehner, Minority Leader Pelosi, Majority Leader Reid, and Minority Leader McConnell,

We, the undersigned economists, urge Congress to raise the federal debt limit immediately and without attaching drastic and potentially dangerous reductions in federal spending. Not doing so promptly could have a substantial negative impact on economic growth at a time when the economy looks a bit shaky. In a worst case, it could push the United States back into recession.

The U.S. economy looks fragile at present. Economic growth has been too weak to generate sufficient new job creation. Reaching the limit on total outstanding debt could force a dramatic and sudden cut in federal spending that would destroy jobs and threaten the recovery. To remove spending from the economy at such a pivotal moment would be irresponsible.

Failure to increase the debt limit sufficiently to accommodate existing U.S. laws and obligations also could undermine trust in the full faith and credit of the United States government, with potentially grave long-term consequences. This loss of trust could translate into higher interest rates not only for the federal government, but also for U.S. businesses and consumers, causing all to pay higher prices for credit. Economic growth and jobs would suffer as a result.

The Press Release states, “the signatories of the letter include six Nobel Laureates: George Akerlof, Kenneth Arrow, Robert Engle, Eric Maskin, William Sharpe and Robert Solow.  Alan Blinder, former Vice Chair of the Federal Reserve System’s Board of Governors and former member of the Council of Economic Advisors; John Bates Clark Medal recipient and MacArthur Fellow Emmanuel Saez; and Laura Tyson, former Chair of the Council of Economic Advisors and former Director of the National Economic Council, also signed the letter, which includes distinguished experts from across the country.”

Additionally, four John Bates Clark winners and five former American Economic Association chairs joined this list of influential economists in recommending swift, decisive action on the debt limit without extraneous and potentially harmful policy riders.

See the full list of signatories here.

Categories
Barack Obama Democratic Politics Republican United States

Presidential Press Conference – Obama’s Speech On The Economy

The President used the bully pulpit today and did what many progressives were asking for –  to stand up and tell the Republicans that although spending cuts will be necessary, revenue must be raised and the rich must pay their fair share. That statement is exactly what made Eric Cantor walk out of negotiations with Vice-President Biden earlier this week, but hearing the president reiterate that very point got rave reviews from Progressives nationwide.

Watch the Presidential Press Conference below.

Categories
Politics Wisconsin

Scott Walker – Cutting From The Poor Makes Them Better

How do you guarantee that public schools in your state provide a better education? Well you cut $800 million in funding, that’s how. That’s what governor Scott Walker of Wisconsin just did.

Of the bill that the Republican governor signed into law on Sunday, Walker says that the cuts would, “allow us to put more resources into training, and it’s going to provide for better education.”

In order to survive these cuts, some of the things the Wisconsin education system must do will be the elimination of thous

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Anthony Weiner Politics Republican United States

Republican Councilman Texted Underwear Picture Too

A Republican councilman from Kenner New Orléans named Joe Stagni sent an underwear picture of himself using his smartphone. The photo was sent 18 months ago to Annamaria Pizzolato, who was Kenner’s internal auditor at the time.

Following the Anthony Weiner underwear episode earlier this month, Joe Stegni issued the following apology;

“I asked for God’s mercy and forgiveness. I apologized to my wife and family and asked for their forgiveness as well. My actions and bad judgment had nothing to do with my duties and responsibilities as a public official. They were private acts, but I take full responsibility for my irresponsible behavior. This matter has been a painful experience for my family and I pray that everyone will allow our family to continue to heal. I am sorry.”

The photo was found in Kenner computer records, and dated back to Dec. 23, 2009. The text message associated with the photo came from City Councilman Joe Stagni’s phone, and was sent  to internal auditor Annamaria Pizzolato.

According to reports, the text message associated with the picture said, “I’m n trouble – serious conversation wwife.”

Funny way to deal with being in trouble – send an underwear picture of yourself to the other woman, telling her you’re in trouble because your wife may have found out about the affair!

Classic Republican way to handle these issues.

Categories
Barack Obama Politics Republican United States

Republicans Push The Least Among Them For President

Michele Bachmann couldn’t do her job as a legislator, but she wants to preside over  the most powerful nation on the face of the earth.

Politico had this to say about Bachmann’s legislative work since getting the job as Minnesota’s congresswoman

Now in her third House term, Bachmann has;

  • Never had a bill or resolution she’s sponsored signed into law, and she’s
  • Never wielded a committee gavel, either at the full or subcommittee level.
  • Bachmann’s amendments and bills have rarely been considered by any committee, even with the House under GOP control.
  • In a chamber that rewards substantive policy work and insider maneuvering, Bachmann has shunned the inside game, choosing to be more of a bomb thrower than a legislator.

How is it possible that someone who’s  been so inefficient at doing her job be considered as a “front-runner” for the Presidential nomination? The answer is simply, that she’s a Republican and for whatever reason, today’s Republican/Teaparty voter is looking for the least qualified among them to become the most powerful person on earth. And recent history has proven this theory. See Ronald Reagan and George Bush!

I wouldn’t be surprised if Joe The Plumber is their secret weapon for 2012!

Categories
Barack Obama Mitt Romney Politics Republican Sarah Palin United States

Warning! – A President Palin Is Just As Scary As This… Pic

It is definitely a scary thought, to have a President Sarah Palin. Come to think of it, a President Michele Bachmann or President Mitt Romney will not that appetizing either. We can only hope that the person depicted in the photo below stays far… very far… away from Washington DC.

Thanks to the ever so vigilant surfing methods of some of the members of EzKool, this photo was sent in by our own, April Diaz!

Thanks April!


 

Categories
Mitt Romney Politics Republican United States

Why Does Michele Bachmann Lie So Much?

Honestly speaking, we don’t know. What we do know, is that Bachmann will say anything and everything, despite what everyone knows to be the truth, if it means there is a slight chance she may advance herself politically with the extremely far right and Teaparty

We can point back to just about any interview Bachmann has given since jumping into the spotlight, but right now we will focus on a recent one she did  Sunday while the 2012 Republican presidential hopeful made her rounds on the cable news networks. Ladies and gentlemen, please direct your attention to CBS’s Bob Schieffer.

In the interview, Schieffer questions Bachmann about a lie she keeps repeating, that President Obama only issued one offshore oil drilling permit. Of course, the truth is that when Bachmann originally made that statement, the Obama Administration had already issued 270 permits. Here’s Mr. Schieffer;

SCHIEFFER: I want to ask you about something else. A lot of your critics say you have been very fast and loose with the truth. You know, the po– PolitiFact, which is a website that won a Pulitzer, did an analysis of 23 statements that you made recently. Of these 23, only one they said was completely true. Seven they call pants on fire kind of falsehoods. Four were barely true and two were half truths. How do you answer that criticism? Because here’s one of them, you know, you said on the record there had been only one offshore oil drilling permit during the Obama administration and, in fact at that time there had been 270.

How do you explain that?”

Michele Bachmann, who claims she accepted Christ at the age of 16 years old and lives a Christian life, decides to continue lying – right there on cable television, with the cameras recording her every word.

BACHMANN: Well, you know, I think that what is clear more than anything is the fact that President Obama does — has not been issuing the permits, that he should have been issuing on offshore drilling that’s…”

SCHIEFFER: Well, it’s more than three hundred now. At… at that time there had been two hundred and something. And you said there had been only one.

BACHMANN: But as far as drilling goes, we hadn’t been drilling what we need to– that’s why we just this week blah blah blah blah…

BACHMANN: No, I haven’t misled people at all. I think the question would be asked of President Obama. When you told the American people that if we borrow a trillion dollars from other countries and spend it on a stimulus that we won’t have unemployment go above eight percent and today as we are sitting here, it’s 9.1 percent and the economy is tanking. That is what’s serious. That’s a very serious statement that the President made. Did he mislead the American people? Not only did he mislead the American people, he’s caused our economy to go down.

Given the opportunity to set the record straight, Bachmann tried to twist and turn and reroute the misleading claim even more, pointing fingers at President Obama and suggesting that old childish excuse – you know, the “he did it too” routine.

Then, expectantly, to wheedle out of the oil permit lie, Michele lies again! This time, claiming that President Obama promised that the stimulus would keep unemployment below 8%.

The truth of the matter is, and according to Politifact – the very same fact-checking organization Schieffer referenced in pointing out Bachmann’s lie – President Obama never made such a claim. Politifact found the following;

“Obama warned upon taking office that if “dramatic action” were not taken, “the unemployment rate could reach double digits,” with the recession lasting years. But neither we, nor our colleagues at PolitiFact’s Washington, D.C. bureau, could find evidence of anyone in the administration making a public pledge along the lines of “if we pass the stimulus, we promise unemployment will stay below 8 percent.”

Why does Michele Bachmann lie so much? Again – we’re just not sure, but we do see that lying is something that has been perfected by Republicans. Yes, Democrats do it too, but Republicans like Bachmann have mastered the art.

Categories
Chris Wallace Politics

Michele Bachmann, Are You A Flake?

Fox News Chris Wallace lost the debate to Jon Stewart last week, so in his Sunday interview of Republican Presidential candidate Michele Bachmann, Wallace asked the question every sane American has asked about Michele:  “Is she for real, or is she “a flake?”

“The rap on you here in Washington is that you have a history of questionable statements, some would say gaffes . . . are you a flake?”

The question caught Mrs. Bachmann off-guard, to which she answered that she was “insulted” that Wallace would ask her such a question. Realizing that this was going to be his second loss in 2 weeks, Wallace issued the following apology.

“A lot of you were more than perturbed, you were upset and felt that I had been rude to her. And since in the end it’s really all about the answers and not about the questions. I messed up, I’m sorry. I didn’t mean any disrespect.”

Although Wallace buckled under the pressure from his bosses at Fox and apologized, his question was actually a good one. Considering all the numerous incorrect statements the presidential candidate has made in recent weeks, we are all wondering the same thing. Is this Republican presidential candidate for real?

And based on her lack of knowledge where basic American history is concerned, I’ll even venture to say that she’s a flake, who cut classes when the subject was taught.

Categories
Politics Republican

Legal Marijuana Coming To A Store Near You?

If you are like a majority of people who believe that marijuana should be legalized, then you might take pleasure in this bit of news.

Democrat Barney Frank and Republican/Libertarian and candidate for the 2012 Republican Presidential nomination Ron Paul, are coming together amd drafting a piece of legislation that will legalize the herb.

Salon writes,

It is being billed as “bipartisan legislation” but obviously Ron Paul is the only Republican co-sponsor. According to the Marijuana Policy Project: “The legislation is the first bill ever introduced in Congress to end federal marijuana prohibition.”

On this, the (disputed) 40th anniversary of the War on Drugs, basically every thinking person agrees that marijuana prohibition is an expensive failure. But this will probably not even get a floor debate in the House of Representatives. Or maybe I’m wrong! We’ll see!

The wisdom of Ron Paul. Running for president in 2012 and supporting this piece of legislation is a sure way to get votes. His joining the effort to legalize marijuana will be all some will need to decide who to vote for.

Categories
Osama bin Laden Politics United States

President Obama’s Speech On Troop Withdrawal In Afghanistan – Transcript

Good evening. Nearly ten years ago, America suffered the worst attack on our shores since Pearl Harbor. This mass murder was planned by Osama bin Laden and his al Qaeda network in Afghanistan, and signaled a new threat to our security one in which the targets were no longer soldiers on a battlefield, but innocent men, women and children going about their daily lives.

In the days that followed, our nation was united as we struck at al Qaeda and routed the Taliban in Afghanistan. Then, our focus shifted. A second war was launched in Iraq, and we spent enormous blood and treasure to support a new government there. By the time I took office, the war in Afghanistan had entered its seventh year. But al Qaeda’s leaders had escaped into Pakistan and were plotting new attacks, while the Taliban had regrouped and gone on the offensive. Without a new strategy and decisive action, our military commanders warned that we could face a resurgent al Qaeda, and a Taliban taking over large parts of Afghanistan.

For this reason, in one of the most difficult decisions that I’ve made as President, I ordered an additional 30,000 American troops into Afghanistan. When I announced this surge at West Point, we set clear objectives: to refocus on al Qaeda; reverse the Taliban’s momentum; and train Afghan Security Forces to defend their own country. I also made it clear that our commitment would not be open-ended, and that we would begin to drawdown our forces this July.

Tonight, I can tell you that we are fulfilling that commitment. Thanks to our men and women in uniform, our civilian personnel, and our many coalition partners, we are meeting our goals. As a result, starting next month, we will be able to remove 10,000 of our troops from Afghanistan by the end of this year, and we will bring home a total of 33,000 troops by next summer, fully recovering the surge I announced at West Point. After this initial reduction, our troops will continue coming home at a steady pace as Afghan Security forces move into the lead. Our mission will change from combat to support. By 2014, this process of transition will be complete, and the Afghan people will be responsible for their own security.

We are starting this drawdown from a position of strength. Al Qaeda is under more pressure than at any time since 9/11. Together with the Pakistanis, we have taken out more than half of al Qaedaâ??s leadership. And thanks to our intelligence professionals and Special Forces, we killed Osama bin Laden, the only leader that al Qaeda had ever known. This was a victory for all who have served since 9/11. One soldier summed it up well. The message, he said, is we don’t forget. You will be held accountable, no matter how long it takes.

The information that we recovered from bin Laden’s compound shows al Qaeda under enormous strain. Bin Laden expressed concern that al Qaeda has been unable to effectively replace senior terrorists that have been killed, and that al Qaeda has failed in its effort to portray America as a nation at war with Islam thereby draining more widespread support. Al Qaeda remains dangerous, and we must be vigilant against attacks. But we have put al Qaeda on a path to defeat, and we will not relent until the job is done.

In Afghanistan, we’ve inflicted serious losses on the Taliban and taken a number of its strongholds. Along with our surge, our allies also increased their commitments, which helped stabilize more of the country. Afghan Security Forces have grown by over 100,000 troops, and in some provinces and municipalities we have already begun to transition responsibility for security to the Afghan people. In the face of violence and intimidation, Afghans are fighting and dying for their country, establishing local police forces, opening markets and schools, creating new opportunities for women and girls, and trying to turn the page on decades of war.

Of course, huge challenges remain. This is the beginning but not the end of our effort to wind down this war. We will have to do the hard work of keeping the gains that we have made, while we drawdown our forces and transition responsibility for security to the Afghan government. And next May, in Chicago, we will host a summit with our NATO allies and partners to shape the next phase of this transition.

We do know that peace cannot come to a land that has known so much war without a political settlement. So as we strengthen the Afghan government and Security Forces, America will join initiatives that reconcile the Afghan people, including the Taliban. Our position on these talks is clear: they must be led by the Afghan government, and those who want to be a part of a peaceful Afghanistan must break from al Qaeda, abandon violence, and abide by the Afghan Constitution. But, in part because of our military effort, we have reason to believe that progress can be made.

The goal that we seek is achievable, and can be expressed simply: no safe-haven from which al Qaeda or its affiliates can launch attacks against our homeland, or our allies. We will not try to make Afghanistan a perfect place. We will not police its streets or patrol its mountains indefinitely. That is the responsibility of the Afghan government, which must step up its ability to protect its people; and move from an economy shaped by war to one that can sustain a lasting peace. What we can do, and will do, is build a partnership with the Afghan people that endures one that ensures that we will be able to continue targeting terrorists and supporting a sovereign Afghan government.

Of course, our efforts must also address terrorist safe-havens in Pakistan. No country is more endangered by the presence of violent extremists, which is why we will continue to press Pakistan to expand its participation in securing a more peaceful future for this war-torn region. We will work with the Pakistani government to root out the cancer of violent extremism, and we will insist that it keep its commitments. For there should be no doubt that so long as I am President, the United States will never tolerate a safe-haven for those who aim to kill us: they cannot elude us, nor escape the justice they deserve.

My fellow Americans, this has been a difficult decade for our country. We have learned anew the profound cost of war — a cost that has been paid by the nearly 4500 Americans who have given their lives in Iraq, and the over 1500 who have done so in Afghanistan men and women who will not live to enjoy the freedom that they defended. Thousands more have been wounded. Some have lost limbs on the field of battle, and others still battle the demons that have followed them home.

Yet tonight, we take comfort in knowing that the tide of war is receding. Fewer of our sons and daughters are serving in harm’s way. We have ended our combat mission in Iraq, with 100,000 American troops already out of that country. And even as there will be dark days ahead in Afghanistan, the light of a secure peace can be seen in the distance. These long wars will come to a responsible end.

As they do, we must learn their lessons. Already this decade of war has caused many to question the nature of America’s engagement around the world. Some would have America retreat from our responsibility as an anchor of global security, and embrace an isolation that ignores the very real threats that we face. Others would have America over-extend ourselves, confronting every evil that can be found abroad.

We must chart a more centered course. Like generations before, we must embrace America’s singular role in the course of human events. But we must be as pragmatic as we are passionate; as strategic as we are resolute. When threatened, we must respond with force but when that force can be targeted, we need not deploy large armies overseas. When innocents are being slaughtered and global security endangered, we don’t have to choose between standing idly by or acting on our own. Instead, we must rally international action, which we are doing in Libya, where we do not have a single soldier on the ground, but are supporting allies in protecting the Libyan people and giving them the chance to determine their destiny.

In all that we do, we must remember that what sets America apart is not solely our power it is the principles upon which our union was founded. We are a nation that brings our enemies to justice while adhering to the rule of law, and respecting the rights of all our citizens. We protect our own freedom and prosperity by extending it to others. We stand not for empire, but for self-determination. That is why we have a stake in the democratic aspirations that are now washing across the Arab World. We will support those revolutions with fidelity to our ideals, with the power of our example, and with an unwavering belief that all human beings deserve to live with freedom and dignity.

Above all, we are a nation whose strength abroad has been anchored in opportunity for our citizens at home. Over the last decade, we have spent a trillion dollars on war, at a time of rising debt and hard economic times. Now, we must invest in America’s greatest resource our people. We must unleash innovation that creates new jobs and industry, while living within our means. We must rebuild our infrastructure and find new and clean sources of energy. And most of all, after a decade of passionate debate, we must recapture the common purpose that we shared at the beginning of this time of war. For our nation draws strength from our differences, and when our union is strong no hill is too steep and no horizon is beyond our reach.

America, it is time to focus on nation building here at home.

In this effort, we draw inspiration from our fellow Americans who have sacrificed so much on our behalf. To our troops, our veterans and their families, I speak for all Americans when I say that we will keep our sacred trust with you, and provide you with the care, and benefits, and opportunity that you deserve.

I met some of those patriotic Americans at Fort Campbell. A while back, I spoke to the 101st Airborne that has fought to turn the tide in Afghanistan, and to the team that took out Osama bin Laden. Standing in front of a model of bin Ladenâ??s compound, the Navy SEAL who led that effort paid tribute to those who had been lost brothers and sisters in arms whose names are now written on bases where our troops stand guard overseas, and on headstones in quiet corners of our country where their memory will never be forgotten. This officer – like so many others I have met with on bases, in Baghdad and Bagram, at Walter Reed and Bethesda Naval Hospital spoke with humility about how his unit worked together as one depending on each other, and trusting one another, as a family might do in a time of peril.

That’s a lesson worth remembering that we are all a part of one American family. Though we have known disagreement and division, we are bound together by the creed that is written into our founding documents, and a conviction that the United States of America is a country that can achieve whatever it sets out to accomplish. Now, let us finish the work at hand. Let us responsibly end these wars, and reclaim the American Dream that is at the center of our story. With confidence in our cause; with faith in our fellow citizens; and with hope in our hearts, let us go about the work of extending the promise of America for this generation, and the next. May God bless our troops. And may God bless the United States of America.

Categories
Health Care Politics Repeal United States

Only In America – Rob A Bank To Get Health Care

Every warm-blooded American – Democrats, Republicans and Independents – should hang our heads in shame when we have fellow Americans, fellow human beings, who are pushed to such limits that they feel that their last resort for getting healthcare is to go to jail.

That is the story of James Richard Verone, a 59-year-old man who worked for the  Coca-Cola Company for 17 years. Verone prided himself for his work and his dedication to the company, but after he lost his job 3 years ago, he  had to take other work to make ends meet. His last job as a convenience store clerk was a strain and magnified the different ailments Verone suffered from. His back hurt and problems with his left foot caused him to limp. He suffered from arthritis in his fingers and carpal tunnel syndrome. He soon lost that job because he was physically unable to perform his duties and then the reality of his situation set in… Verone was unemployed, no savings and no healthcare.

With his options reduced, Verone turned to the government, but all he qualified for was food stamps. The triggering point was when he noticed a growth on his chest. He had a plan, and began implementing it.

As his bank account depleted and the day of execution got closer, Verone sold and donated his furniture. He paid his last month’s rent and gave his notice.

He moved into the Hampton Inn for the last couple of days. Then on June 9 he followed his typical morning routine of getting ready for the day.

He took a cab down New Hope Road and picked a bank at random — RBC Bank.

Verone didn’t want to scare anyone. He executed the robbery the most passive way he knew how. He handed the teller a note demanding one dollar, and medical attention.

“I didn’t have any fears,” said Verone. “I told the teller that I would sit over here and wait for police.”

The teller, however, did have some fears even though Verone never showed a weapon. Her blood pressure shot up and once Verone was handcuffed by police, the teller was taken to Gaston Memorial Hospital to be checked out. Verone said he was sorry for causing the woman any pain.

He has a lot to say on the subject of socialized medical care. He suspects he wouldn’t be talking to a reporter through a metal screen wearing an orange jumpsuit if such an option were available in the U.S.

“If you don’t have your health you don’t have anything,” said Verone.

The man has high hopes with his recent incarceration.

He has seen several nurses and has an appointment with a doctor Friday.

It’s something we say all the time when we want to show America’s exceptionalism – only in America. “Only in America is my story possible,” we would say… or “only in America will you find all these opportunities.” But the ‘only in America’ phrase is also true for Verone’s story, for no other advanced nation on earth would have citizens who have to commit a crime to get health care. Only in America.

Meanwhile, Republicans are promising to repeal health care reform…

Categories
Iowa Politics Republican Sarah Palin South Carolina

Sarah Palin Quits Again – We’re Not Surprised

The Quitter from Alaska has struck again. This time, Sarah Palin has walked out on her “One Nation” bus tour, leaving her most trusted aides scratching their heads and wondering “what’s next?”. The conservative website, RealClearPolitics is reporting that the ex-governor – who also quit that position half way through her first term – left the bus tour before it rolled into Iowa and South Carolina, as was previously planned.

Though Palin and her staff never announced a timeline for the remaining legs of her trip, aides had drafted preliminary itineraries that would have taken her through the Midwest and Southeast at some point this month. But those travel blueprints are now in limbo, RCP has learned, as Palin and her family have reverted to the friendly confines of summertime Alaska, where the skies are currently alight for over 19 hours a day and the Bristol Bay salmon fishing season is nearing its peak.

You know what I always say… “Once a quitter, always a quitter!” Well…I don’t always say that, and I changed some of the words around, but you catch my drift.

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