deficit

by

News/Politics 6-23-15

What’s interesting in the news today?

Open Thread

1. Repealing ObamaCare would help the deficit, but we already knew that. 

From TheDailySignal  “These new “dynamic” estimates aren’t perfect by any means. However, they will provide policymakers with a better assessment for how legislation will actually affect the federal fisc.

The new dynamic scoring rule was recently tested in response to a request from Senate Budget Committee Chairman Mike Enzi, R-Wyo., to estimate how the repeal of the Affordable Care Act, or Obamacare, would affect the deficit and the economy.

For the first time, the CBO and JCT found that repealing Obamacare would increase the gross domestic product by 0.7 percent and that effect alone would reduce projected deficits by $216 billion over the 2016 to 2025 period.

This may sound trivial, but a 0.7 percent increase in GDP is equivalent to an additional $1,400 in the pocket of each household per year. CBO also found that repealing Obamacare would increase capital stocks and the number of people working over the next 10 years.

CBO and JCT also found that that repealing Obamacare would reduce the deficit over the next five years but would then steadily increase the unified budget deficits. However, that assumes Congress will allow both the 40 percent excise tax on high cost health care plans and an automatic reduction in Obamacare subsidies to kick in by 2018, both which seem increasingly unlikely to actually happen.”

_______________________________________

2. Today is the vote on ObamaTrade in the Senate. Let’s hope it loses, but with so many RINO’s, it’s looking unlikely. 

From CenterForImmigrationStudies  “Republican leaders, who seem curiously eager to facilitate this deal for the president, have bent over backwards to assure the many skeptical Republican members that neither Trade Promotion Authority (TPA, or “fast-track” authority) nor the Trans-Pacific Partnership (TPP) pact, which would be the next trade agreement to be rushed through the approval process on an up or down vote without possibility of amendments, includes or allows changes to immigration or visa law.

Some might be willing to trust our leaders on that, but in fact the biggest danger is not that the TPA bill and the TPP treaty make direct changes to immigration law. The biggest danger lies in theother deals that the president’s team is working on. Provisions in these deals do change immigration laws, and also would preventCongress from adjusting immigration laws that are currently being abused. That is the very goal of all trade pacts — to lock in open access to markets under current or more favorable terms, so that it cannot be changed. (For more on the implications of trade agreements for immigration law, see here.)

If we were just talking about free trade in widgets, these treaties would not be particularly relevant to immigration law. But other countries are pushing hard for open access to U.S. job markets, too, euphemistically calling it “trade in services” and the “movement of natural persons”.

Our current visa rules allow foreign-owned labor contractors who “trade in services” to bring in hundreds of thousands of foreign guestworkers each year. These rules, which the president’s trade negotiators would like to freeze in place, have permitted employers to replace some of their U.S. workers with foreign guestworkers, not because the guestworkers have better skills, but because they are cheaper (see the testimony at a recent Senate Judiciary committee hearing). Those who think the current guestworker rules are adequate certainly will not be troubled by freezing them in place, but there is a growing bipartisan consensus that Congress should change the law to curb abuse.

One of the treaties being negotiated by President Obama’s team is known as the Trade in Services Agreement (TiSA). The contents were secret until it was obtained by Wikileaks. The documents reveal that the administration hopes to greatly expand access for foreign workers in dozens of occupations including engineering, veterinary medicine, management consulting, construction, waste disposal, hotel and restaurant work, transportation, and recreation. This is not just about computer programmers and nurses; TiSA would facilitate the movement of unlimited numbers of skilled and unskilled workers from participating countries.”

This is what they’ve been trying to hide. 

_______________________________________

3. Sen. Sessions is pleading with Republicans to vote no on this immigration expanding, jobs killing piece of trash. 

From TheWashingtonExaminer  “Sen. Jeff Sessions, R-Ala., called on GOP lawmakers to block a “Fast Track” trade bill on Tuesday that President Obama hopes to finalize in order to secure a string of new trade pacts.

Sessions, one of the Senate’s staunchest opponents of the Trade Promotion Authority legislation, or TPA, said new trade deals threaten to cause further economic damage and job loss in the United States and could lead to a back-door deal with China later on.

Approval of TPA will give President Obama expedited power to secure new trade deals, including the Trans-Pacific Partnership with 11 Pacific Rim nations, or TPP. But Sessions said in his letter that Obama has not spelled out how the U.S. economy might change if the TPP were approved, and that Obama is looking to inject environmental issues into the agreement.

“All of this information gives us more than enough basis to slow down and not fast track anything until all of our questions are answered,” Sessions said in a letter sent to Republican Senate lawmakers on Monday. “We should be inherently skeptical of grand designs, too complex to oversee, whose creators can provide no specifics yet pledge utopian results.”

Sessions’ call to oppose the bill came just two hours after Senate Majority Leader Mitch McConnell signaled he was optimistic lawmakers will approve a two-part trade package this week.

The plan calls for lawmakers to vote on TPA on Tuesday, and then vote on Wednesday to extend the Trade Adjustment Assistance Act, a retraining and aid program for workers displaced by trade deals.”

So they’re trying to bribe unions into supporting it. 

_______________________________________

4. First the IRS harasses conservative groups, now the DoJ is harassing conservative websites. 

From HotAir  “Two weeks ago, Ken White at Popehat reported that the Department of Justice had subpoenaed the records of Reason Magazine to identify anonymous commenters on its website.  Nick Gillespie had criticized the DoJ for its prosecution of the Silk Road case, and a few of its commenters had responded with the usual hyperbole. White found out about the subpoena, but Reason remained so quiet that it became a matter of open speculation as to whether the court had slapped a gag order on the libertarian magazine. Today, Gillespie confirms the gag order, which has since been vacated, and explains the circumstances in which the government of the United States prevented a publication from discussing the abuse of power directed at it:

At about 10:30 am ET on Thursday, June 4, our attorney Gayle Sproul (of Levine, Sullivan, Koch, & Schulz) called Velamoor to discuss the subpoena. The call did not go well. Sproul asked Velamoor to consider scaling back the scope of the subpoena by omitting the more benign commenters. Velamoor said simply, “No.” Then Sproul informed him that we would be notifying our commenters about the subpoena to give them the chance to defend their rights to remain anonymous, and that we would not comply with the subpoena as it related to any commenters who moved to quash the subpoena before our compliance deadline. Sproul explained to him that there is case law firmly establishing that these commenters have the right to speak anonymously, and that we would withhold the information of anyone fighting the subpoena. Velamoor disputed that any such free speech rights exist. He asked that we delay notifying the commenters so he could get a court order prohibiting us from disclosing the subpoena to them. We refused. Sproul pointed out that we were perfectly within our rights to share the subpoena given the law and the wording of his own letter. Velamoor then suggested that Reason was “coming close” to interfering with the grand jury investigation. The call ended abruptly. …

Later that day, at approximately 5:35 pm ET, Velamoor sent Reason a gag order he had later secured blocking us from discussing the subpoena or the order itself with anyone outside of Reason, other than our attorney. …

Having already suggested that Reason might have interfered with a grand jury investigation, Velamoor contacted Sproul on the afternoon of Friday, June 5, in response to a letter from her explaining the commenters’ constitutional rights and laying out the timeline of Reason’s notification to them. Velamoor told her that he now had “preliminary information” suggesting that Reason was in violation of the court order. Sproul said we were not and asked for further information. Velamoor refused to give any specifics, saying simply that he was “looking into it further.”

So as of this point in the saga, Reason had been subpoenaed, we had been vaguely—and falsely—accused by a United States Attorney’s office of actions verging on obstruction of justice and contempt of court, and we were now told that we were being investigated further.

Be sure to read it all. White is outraged over the intimidation from the DoJ, especially given the specious claim that any of these comments represented a “true threat” in a legal sense. He calls it “the everyday arrogance of unchecked power”

_______________________________________

5. These guys never seem to get the numbers right in anything. The Chinese hackers were supposed to have gotten the info on 4.2 million Americans. But as with all the math this administration does, the numbers don’t add up. 

From TheWashingtonExaminer  “Approximately 18 million Americans reportedly had their personal records compromised when hackers attacked the Office of Personnel Management’s databases last year.

That number is exponentially bigger than the 4.2 million OPM first acknowledged earlier this month, and far more than the “up to 14 million” figure that began circulating after OPM acknowledged a second attack reached the sensitive information of not just current and former federal employees, but also of some people who simply applied to work for the federal government.

According to CNN, the larger number reflects family members of government workers who may have had their information stolen.”

_______________________________________

by

News/Politics 8-27-13

What’s interesting in the news today?

First up, the fuzzy math continues.

From CNSNews  “The Treasury Department’s latest official daily accounting of the  U.S. government’s receipts, expenditures and borrowings–released this  afternoon at 4:00 p.m.–indicates that the legally limited debt of the  federal government has now been exactly $16,699,396,000,000 for 100  straight days.

The Daily Treasury Statement released today showed the status of the  government’s accounts as of the close of business on Friday, Aug. 23.  Because the Treasury does no business over the weekend, the federal  government’s debt did not change on Saturday or Sunday.

The statement for Aug. 23 said the federal debt subject to the legal  limit set by Congress was $16,699,396,000,000—or $25 million below the  current limit of $16,699,421,000,000. Every Daily Treasury Statement  since May 17 has also shown the legally limited debt at  $16,699,396,000,000, or $25 million below the limit.”

_________________________________________________________

I’m sure all the young folks who voted for the president will be happy to hear this.

From Forbes  “No, Obamacare Is Not A Good Deal For Young People In The Long Run, Not Even Close”

“Progressives are becoming increasingly concerned at the prospect of millions of uninsured young people deciding to push the easy button next year by simply paying a very small finerather than obtain health coverage. Consequently, they have turned to a new argument to get those under 30 to act against their self interest by signing up for the Exchanges. Now we are being told that Obamacare will be a good deal for young people in the long run since whatever short-term losses they incur in the form of higher premiums will be more than made up later when they are older and get to pay lower premiums than they would in today’s market.

But those making these arguments haven’t offered any analysis to back up their claims. The conceptual point evidently is supposed to be intuitively obvious. As Ezra Klein puts it:

Young people grow old. Healthy people get sick. Rich people become poor. The people overpaying to keep costs low today are the people underpaying 10 or 20 years from now.”

Pay more now, less later. Got it.

That’s good, because they’ll still be paying their student loans back 20 years from now too, so they’ll need the extra cash. 🙄

_________________________________________________________

Isn’t it nice when govt rewards it’s own incompetence?

From TheWaPo  “While veterans waited longer than ever in recent years for their wartime disability compensation, the Department of Veterans Affairs gave its workers millions of dollars in bonuses for “excellent” performances that effectively encouraged them to avoid claims that needed extra work to document veterans’ injuries, a News21 investigation has found.

In 2011, a year in which the claims backlog ballooned by 155 percent, more than two-thirds of claims processors shared $5.5 million in bonuses, according to salary data from the Office of Personnel Management.”

“Beth McCoy, the assistant deputy undersecretary for field operations for the Veterans Benefits Administration (VBA), said bonuses for claims processors were justified because, even though the number of backlogged claims was rising, workers were processing more claims than ever.”

“But News21 found that regional office management gave bonuses to some employees even as their claims backlogs grew. During 2012, Office of Personnel Management records show some of the most troubled offices gave their employees the most extra pay.”

_________________________________________________________

This one? Yes please. 🙂

From TheNYTimes  ” Some of the early shots in the Republican primary battle against Senator Lindsey Graham have been fired from this tiny community on the northern border of the state where the Civil War began.

A small group called Carolina Conservatives United, one of dozens organized loosely under the flag of limited government, low taxes and strict adherence to the Constitution, sent out images last week of a milk carton bearing Mr. Graham’s face and asked Gov. Nikki R. Haley to issue the state’s version of an Amber Alert to find its missing senator.       

“Lindsey Graham has not been seen in the state of South Carolina for most of the last two years,” said Bruce Carroll, the chairman of the group.       

Conservatives in South Carolina are eager to oust Mr. Graham, who has enraged the far right for, among other things, reaching across the aisle on immigration and supporting President Obama’s nominations for the Supreme Court. Tea Party supporters called him a community organizer for the Muslim Brotherhood when, instead of heading home for the Congressional break this month, he went to Egypt at the request of the president.”

_________________________________________________________

And this last one I’m unsure on. I can see their point, but at the same time they shouldn’t be allowed to simply get out of it completely either. They have a certain obligation and responsibility here that cannot be denied or shirked. But one thing I am sure of is that they need to reform the way they currently do things. This works for no one.

From Bloomberg  “Ari Schochet has grown so accustomed to being sent to jail for missing alimony payments that he goes into a routine.”

“Schochet, who said he worked as a portfolio manager at Citadel Investment Group Inc. and Fortress Investment Group LLC (FIG) and once earned $1 million a year, has been jailed for missing court-ordered payments at least eight times in the past two years as he coped with the end of his 17-year marriage.

The reason he ran afoul of the law was simple. He was out of work for most of that time, a victim of a weak economy, and he ran through his savings trying to pay his wife alimony and child support that totaled almost $100,000 a year.”

“Schochet and ex-spouses in similar changed circumstances say New Jersey’s law unfairly imposes lifetime alimony on them. If they fail to make payments, like the $78,000 a year Schochet owes his ex-wife in alimony, they can be jailed for contempt of court regardless of whether they have a job or resources.”

Thoughts?

_________________________________________________________

by

News/Politics 3-16-13

What’s interesting in the news today?

There’s all kinds of stuff to choose from today.

____________________________________________________

The Muslim Brotherhood is now cracking down on women’s rights.

From Reuters

“The Islamist movement that backs President Mohamed Mursi gave 10 reasons why Muslim countries should “reject and condemn” the declaration, which the U.N. Commission on the Status of Women is racing to negotiate a consensus deal on by Friday.”

“Egypt has joined Iran, Russia and the Vatican – dubbed an “unholy alliance” by some diplomats – in threatening to derail the women’s rights declaration by objecting to language on sexual, reproductive and gay rights.

The Muslim Brotherhood said the declaration would give “wives full rights to file legal complaints against husbands accusing them of rape or sexual harassment, obliging competent authorities to deal husbands punishments similar to those prescribed for raping or sexually harassing a stranger.”

Liberals are finally starting to wake up to what it is they backed under the guise of Democracy. Buyer’s remorse.

From TheNYTimes

““A woman needs to be confined within a framework that is controlled by the man of the house,” Osama Yehia Abu Salama, a Brotherhood family expert, said of the group’s general approach, speaking in a recent seminar for women training to become marriage counselors. Even if a wife were beaten by her husband, he advised, “Show her how she had a role in what happened to her.”

“If he is to blame,” Mr. Abu Salama added, “she shares 30 percent or 40 percent of the fault.”

Now, with a leader of the Brotherhood’s political arm in Egypt’s presidential palace and its members dominating Parliament, some deeply patriarchal views the organization has long taught its members are spilling into public view. The Brotherhood’s strident statements are reinforcing fears among many Egyptian liberals about the potential consequences of the group’s rise to power and creating new awkwardness for President Mohamed Morsi as he presents himself as a new kind of moderate, Western-friendly Islamist.”

____________________________________________________

Meanwhile in Libya, Coptic Christians are being tortured into converting to Islam.

From AsiaNews.it

“Libyan Salafis are responsible for torture, attempts to forcibly convert and desecration of Christian imagery. This is according to  44 of the 48 Egyptian Coptic vendors on their return home. “They forced us to pronounce the al-shahaadatayn – said one of them – the proclamation of the Islamic faith and spit on images of Pope Shenouda III.” So far, the Egyptian government has not reacted to the episode that involved its citizens nor charges of religious discrimination. However, the relatives of the victims are demanding justice and accuse the Islamist government of protecting the Libyan Salafists.

Arrested in mid-February in the Benghazi market, accused of publicizing religious images and illegal immigration, the Coptic Orthodox were held for several days in a jail guarded by Salafi armed guards. They were released after several days of negotiations between the Egyptian and the Libyan governments accused on several occasions of failing to protect foreign nationals in its territory. Currently four Christians are still detained in Libya for further investigation.

The case has also sparked outrage among the population of Benghazi, which in October revolted against the Salafi militias accused of having organized the attack on the U.S. consulate in which the US Ambassador Christopher Stevens was killed.”

And the govt. we’re propping up ignores it. Just like those responsible for the Ambassador’s murder.

____________________________________________________

Here’s an interesting read on the new Pope, and the liberal disappointment over the choice. Mild Content Warning! Liberals can be quite crass.

From NationalReview

“I may be a Reformed Protestant, but I still care a great deal about the new pope. He is, after all, only the world’s most prominent advocate for the Gospel of Jesus Christ, and Christians everywhere should be grateful that the new pope is by all credible accounts a humble, devout man with a heart for the “least of these.” In fact, for millions of our more secular citizens, the Catholic Church is essentially a stand-in for all (orthodox) Christendom, and critiques of Catholics are often critiques of all Christianity.

I was reminded of this fact when I read Frances Kissling’s recent piece in The Nation – highlighted again today in response to the selection of the new pope. Kissling, some may recall, is the past president of a group called “Catholics for Choice.” Kissling contends that the new pope (no matter who he is) will change nothing, and nothing will ever change until, well, Catholics stop being Christian. Feast your eyes on this critique:

“As long as Catholics are expected to accept rigid, sexist and blatantly illogical doctrine, there can be no real change in the church. From the Vatican down to the local parish priest, the early narratives—stories, really—that sought to explain who we are, why we are here, and the meaning of life are still taught, despite the fact that they are even less credible explanations of who we are than they ever were.”

And it goes downhill from there.

____________________________________________________

Another piece on the intended, but unmentioned, costs in ObamaCare.

From TheWallStJournal

“Big government likes big providers. That’s why ObamaCare is gradually making the local doctor-owned medical practice a relic. In the not too distant future, most physicians will be hourly wage earners, likely employed by a hospital chain.

Why? Because when doctors practice in small offices, it is hard for Washington to regulate what they do. There are too many of them, and the government is too remote. It is far easier for federal agencies to regulate physicians if they work for big hospitals. So ObamaCare shifts money to favor the delivery of outpatient care through hospital-owned networks.

The irony is that in the name of lowering costs, ObamaCare will almost certainly make the practice of medicine more expensive. It turns out that when doctors become salaried hospital employees, their overall productivity falls.”

____________________________________________________

Debt? What debt? Oh that. Sure it’s a big number, but it’s not a problem.

No really. Stop laughing, he’s serious. 😯

From CNSNews

“Rep. John Conyers (D-Mich.), the ranking member of  the House Judiciary Committee,  said on Thursday that the nation’s  current debt of $16.7 trillion is “not endangering” the country,  adding that “some debt is not a bad idea”  and that he and other congressional Democrats “don’t think  there’s a problem.”

Conyers and other liberal Democrats spoke at a Capitol Hill press  conference about their initiative to compel Congress to cancel the  across-the-board budget cuts (sequester) of  $1.2 trillion over 10 years, which actually are reductions in the rate of increase in federal spending and amount to $44 billion for this year.”

“Conyers said, “Let me let you understand, first of all, that the debt  is not endangering us a bit — not at all. Our economists say we’re in  debt but it’s not endangering everything. As a matter of fact, there are  economists that say some debt is not a bad idea at all.”

“So all those ideas about the ceiling falling, the walls caving in  because of that, you can sleep more comfortably in your bed at night  when you realize that we don’t think there’s a problem,” he said.”

I don’t know about you, but I feel better already. 🙄

____________________________________________________

But don’t worry, it’s not all bad today. 🙂

From DetroitCBSLocal

” A federal judge has blocked the Obama administration from requiring Domino’s Pizza founder Tom Monaghan to provide mandatory contraception coverage to his employees under the federal health care law.”

“On Thursday, U.S. District Judge Lawrence Zatkoff granted a preliminary injunction against enforcement of the law against Monaghan and Domino’s Farms.”

____________________________________________________