The Truth about Default

Poll GOP More Trusted on Economy

REPUBLICANS HAVE GAINED A 10 POINT LEAD OVER DEMOCRATS IN RASMUSSEN REPORTS LATEST NATIONAL SURVEY ON WHO THE PUBLIC MOST TRUSTS TO DEAL EFFECTIVELY WITH ECONOMIC ISSUES.

The 10 point lead is the widest margin held by either party in months and has opened up in recent weeks as President Obama and House Speaker John Boehner have become the central players in the debate over how to deal with the approaching debt-ceiling crisis.

"The gap was the closest in years in May when the GOP held just a 46% to 42% lead on the economy, which voters have consistently regarded as the most important of 10 issues regularly tracked by Rasmussen Reports," the pollster said.

"VOTERS NOW TRUST REPUBLICANS MORE THAN DEMOCRATS ON NINE OF THOSE 10 ISSUES. In May, Republicans led on just six issues after being trusted more on all 10 in early January. Two years ago Democrats were trusted more than Republicans on most issues. Still, there are several issues that the parties are close on in terms of trust.


http://washingtonexaminer.com/blogs/beltway-confidential/2011/07/gop-has-10-point-edge-democrats-public-trust-economic-issues#ixzz1T7ALm0tg

Hmmm, unemployment at 9.2% and rising, debt going up at over $100 billion per MONTH! And you wonder why the Republicans are more trusted?

Obama Fears Reelection Problems More Than Default

PRESIDENT OBAMA, FEARING LOSING REELECTION MORE THAN DEFAULT, THREATENS TO VETO ANY LAST-MINUTE DEBT PACKAGE FROM CONGRESS unless it extends the nation’s borrowing limit beyond the 2012 elections.

Treasury Secretary Timothy Geithner told ABC’s “This Week” that Obama demands that any agreement to increase the debt ceiling extend beyond the 2012 elections.

Obama’s chief of staff, Bill Daley, confirmed the veto threat. Daley was asked on NBC’s “Meet the Press” if Obama would veto a plan that doesn’t extend the limit into 2013. Daley answered, “Yes.”
SO A STUBBORN PRESIDENT OBAMA IS WILLING TO VETO WHAT BY ALL ACCOUNTS IS THE GOING TO BE THE ONLY VIABLE OPTION TO MEET HIS ADMINISTRATION’S AUGUST 2 DEADLINE FOR AVOIDING DEFAULT SO HE DOESN’T HAVE TO DEBATE THE ISSUE DURING HIS REELECTION CAMPAIGN.

http://www.redstate.com/california_yankee/2011/07/24/obama-fears-losing-reelection-more-than-default/

Rather than a smart and shrewd politician, how stupid is this man. If he thinks the debt would hurt him in his reelection bid, just think about how a veto and default would hurt.


Obama lies about Social Security

This Friday night press conference, for the second time, President Obama raised the specter that Social Security checks might not go out if Congress does not raise the debt ceiling. ….

....He must not be consulting with his lawyers, because this attempt to scare Social Security recipients is without legal foundation.

As recently explained in much more detail by legal scholars Mark Scarberry and Nancy Altman, and by the aptly-named Thomas Saving, a former public trustee of the Social Security and Medicare Trust Funds, in an op-ed in the Wall Street Journal,  REACHING THE DEBT CEILING WILL NOT AFFECT THE ABILITY OF THE SOCIAL SECURITY ADMINISTRATION TO PAY ITS OBLIGATIONS.

THE SOCIAL SECURITY TRUST FUND HOLDS ABOUT $2.4 TRILLION IN U.S. TREASURY BONDS, which its trustees are legally entitled to redeem whenever Social Security is running a current account deficit. Thus, if we reach the debt ceiling (which I continue to think is a remote prospect, even if less remote than it seemed a week ago), this is what will happen. THE SOCIAL SECURITY TRUST FUND WILL GO TO TREASURY AND CASH IN SOME OF ITS SECURITIES, USING THE PROCEEDS TO SEND CHECKS TO RECIPIENTS. EACH DOLLAR OF DEBT THAT IS REDEEMED WILL LOWER THE OUTSTANDING PUBLIC DEBT BY A DOLLAR. THAT ENABLES THE TREASURY TO BORROW ANOTHER DOLLAR, WITHOUT VIOLATING THE DEBT CEILING. The debt ceiling is not a prohibition on borrowing new money; it is a prohibition on increasing the total level of public indebtedness. If Social Security cashes in some of its bonds, the Treasury can borrow that same amount of money from someone else.

http://pajamasmedia.com/tatler/2011/07/23/contrary-to-obamas-scare-tactics-social-security-checks-are-not-at-risk/

In fact, with $2.4 trillion in Government securities, there is no default crisis. The government could pay all their SS obligations and borrow that amount back to pay for everything else.

O’Keefe unveils 4th Medicaid sting video

This is the fourth installment of James O’Keefe’s Medicaid sting and there is no end in sight. This one takes place in Virginia, and as we saw in Ohio, the Carolinas, and NYC THE MEDICAID WORKERS THERE ARE MORE THAN WILLING TO HELP WEALTHY CRIMINALS GRAB A HUNK OF GOVERNMENT CHEESE.

As always, this is a must-watch that will leave you shaking your head in disbelief. BY NOW I AM CONVINCED IT IS DARN-NEAR IMPOSSIBLE TO ACTUALLY GET TURNED AWAY FOR ANY REASON WHEN WALKING INTO A MEDICAID OFFICE. You could say “I have a stack of corpses in my basement; will that be a problem?” and they’d probably just tell you not to put that on the application.

Still waiting for the media to show an ounce of interest in any of this.

http://www.therightscoop.com/okeefe-unveils-4th-medicaid-sting-video/

I wouldn’t hold my breath about the media’s interest in this. After all it shows a woeful response from government and the media is in bed with the left in calling for more and more government. These video Medicaid employees to by either bumbling fools or conspirators in defrauding the taxpayers.

Incoherence: Obama is thy name

Obama’s Missionless War

IF YOU DON’T HAVE A MISSION, IT’S HARD TO KNOW WHEN IT’S ACCOMPLISHED.

If I recall correctly, we went into Libya — or, at any rate, over Libya — to stop the brutal Qaddafi dictatorship killing the Libyan people. And thanks to our efforts a whole new mass movement of freedom-loving democrats now has the opportunity to kill the Libyan people. As the Los Angeles Times reported from Benghazi, these democrats are roaming the city “rousting Libyan blacks and immigrants from sub-Saharan Africa from their homes and holding them for interrogation as suspected mercenaries or government spies.” ACCORDING TO THE NEW YORK TIMES, “MEMBERS OF THE NATO ALLIANCE HAVE STERNLY WARNED THE REBELS IN LIBYA NOT TO ATTACK CIVILIANS as they push against the regime of Col. Muammar el-Qaddafi.” WE DROPPED BOMBS ON QADDAFI’S CROWD FOR ATTACKING CIVILIANS, AND WE’RE PREPARED TO DO THE SAME TO YOU! “The coalition has told the rebels that the fog of war will not shield them from possible bombardment by NATO planes and missiles, just as the regime’s forces have been punished.”

So, having agreed to be the Libyan Liberation Movement Air Force, we’re also happy to serve as the Qaddafi Last-Stand Air Force. Say what you like about Barack Obama, BUT IT’S RARE TO FIND A LEADER SO IMPECCABLY MULTILATERALIST HE’S WILLING TO PARTICIPATE IN BOTH SIDES OF A WAR.

http://www.nationalreview.com/articles/263675/obama-s-missionless-war-mark-steyn


Read the last line one more time. It shows you the incredible stupidity of this administration.



Incoherence: Obama’s energy policy

Though Barack Obama is a polarizing politician, there’s one thing that his friends and critics seem to agree on: he’s a canny politician. So if the president had the ability to bring down the nation’s staggering gas prices, create new American jobs and decrease the country’s reliance on foreign energy sources without spending a dime of taxpayer money, wouldn’t you expect him to take it?

If you answered yes, chances are that you’re not working in the Obama White House.

http://dailycaller.com/2011/04/01/running-on-empty-with-a-full-tank-the-incoherence-of-obamas-energy-policies/#ixzz1IMNLDyty


This is a must read. If you want to bring the economy back, we need change from what the Democrats are doing to us.




Commander-In-Hiding

President Obama isn’t quite in hibernation. BUT HE’S SAYING LESS, PROPOSING LESS, APPEARING IN PUBLIC LESS, DOING LESS, INTERACTING WITH CONGRESS LESS, PLUGGING HIS HEALTH CARE PLAN LESS, AND SINGLING OUT A REPUBLICAN DEMON LESS. It took two years and the harsh rejection of a midterm election for Obama to figure out what shouldn’t have been a secret: The magic of the presidency declines with overindulgence.

http://www.weeklystandard.com/articles/commander-hiding_556148.html


It’s been pretty clear for over a year now if you want Obama’s approval to go up, you need for him to go on vacation. The more he does, the less he’s appreciated.



Spill damage trawl accidentally drowns dolphins

THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION SAYS FEDERAL SCIENTISTS CATCHING FISH TO TEST FOR POSSIBLE DAMAGE FROM LAST YEAR'S GULF OF MEXICO OIL SPILL ACCIDENTALLY DROWNED THREE DOLPHINS.

Spokeswoman Connie Barclay says the Pantropical spotted dolphins were caught Wednesday from a trawl off the research ship Pisces, which works out of Pascagoula, Miss.

She said Friday that NOAA will investigate whether all proper procedures were followed.

http://www.miamiherald.com/2011/04/01/2145813/spill-damage-trawl-accidentally.html#ixzz1IMIVlagD

A perfect metaphor for how the Government tries to help and what it actually does.



GOP launches mock 'Obama 2012' ad

The ad, which features Obama riding a unicorn over a rainbow, declares: "Four more years: America needs more changing."

REPUBLICANS ARE TAKING AIM AT PRESIDENT OBAMA'S IMPENDING REELECTION EFFORT WITH A MOCK CAMPAIGN AD OUTLINING HIS FIRST TWO YEARS IN OFFICE.

The National Republican Senatorial Committee (NRSC) posted a fake "Obama 2012" ad, ribbing the president for divisiveness, his energy policy, budget deficits and engaging in the occasional extracurricular activity, such as golfing or filling out NCAA brackets on television.

"Four more years: America needs more changing," the spot says at the end, featuring a cartoon of Obama riding a unicorn over the rainbow.

http://thehill.com/blogs/blog-briefing-room/news/153231-republicans-launch-mock-obama-2012-ad


I especially like the line about Obama celebrating the end of our dependence on American energy


Everything old is new again

IN 2008, SUPPORTERS OF BARACK OBAMA SUB SCRIBED TO THE VIEW THAT HIS ELECTION WOULD, not to put too fine a point on it, "CHANGE EVERYTHING." Maybe they were right.

For the last two years, the old ways of Washington have been crashing down like pillars of Mordor at the end of "The Lord of the Rings."

Then-candidate Obama was himself fond of noting that the conventional wisdom -- or "CW" -- was that a black guy with a funny name could never be elected president. He not only won, he captured such "impossible" states as Indiana and Virginia.

Obama took office during a wrenching financial crisis; THE CONVENTIONAL WISDOM WAS THAT THE AMERICAN PEOPLE WOULD RALLY AROUND NEW DEAL POLICIES. AT LEAST THAT'S WHAT LIBERAL HISTORIANS AND POLITICAL SCIENTISTS SAID THEY SHOULD DO.

THE EXPERTS WERE WRONG. While Obama had widespread support to fight the financial crisis, once it became clear he was using it to enact a New Deal style agenda, everyone outside his core base started to flee....

http://www.nypost.com/p/news/opinion/opedcolumnists/nothing_in_politics_is_working_like_HJfWUHTSmZECSTAv0Tf6GM#ixzz1IMOkouTM

So Obama is using 1930 solutions for 2011 problems. Now that’s progress for you!


Why Unemployment is worse than the Fed says

My regular correspondent Number Cruncher takes a look at the latest jobs report from the Bureau of Labor Statistics, and notices:

The percentage of the OVERALL POPULATION THAT IS EMPLOYED IN MARCH 2010 WAS 58.6 PERCENT. ONE YEAR LATER, THE TOTAL PERCENTAGE OF OVERALL POPULATION EMPLOYED IS… 58.5 PERCENT. Conclusion: In a growing population we have produced fewer jobs than the number that the population grew. (For the record, the number of Civilian non-institutionalized population was 237.2 million in March 2010, and is 239.00 million in March 2011.)

The number of people who were “not in the labor force” In March 2010 was 83,264,000 (seasonally adjusted). In March 2011, it was 85,594,000 (seasonally adjusted). If you want to know how unemployment dropped a point, look no further than this statistic.

IF YOU REMOVE 2.33 MILLION PEOPLE FROM THE LABOR FORCE WITHIN ONE YEAR, THAT WILL INDEED HELP LOWER THE UNEMPLOYMENT RATE. It is, however, not the same as helping the unemployed find jobs.

http://www.nationalreview.com/campaign-spot/263656/our-workforce-lost-233-million-people-one-year

This is both good and bad news for BHO and the Democrats. While they can say the unemployment rate is falling, it certainly doesn’t feel that way. And as the economy does come back we may actually start producing a significant number jobs, only to find the unemployment rate increase as more people come back into the labor market. This will be very important next year prior to the election.



Research to Date on Forecasting for the Manmade Global Warming Alarm

In testimony to the Subcommittee on Energy and Environment Committee on Science, Space and Technology, PROFESSOR J. SCOTT ARMSTRONG OF THE UNIVERSITY OF PENNSYLVANIA, described research he conducted with Kesten C. Green, University of South Australia, and Willie Soon, Harvard-Smithsonian Center for Astrophysics, TO DETERMINE THE VALIDITY OF SCIENTIFIC FORECASTS WITH RESPECT TO GLOBAL WARMING. They describe their work as follows (from the abstract):

The VALIDITY OF THE MANMADE GLOBAL WARMING ALARM requires the support of scientific forecasts of (1) a substantive long-term rise in global mean temperatures in the absence of regulations, (2) serious net harmful effects due to global warming, and (3) cost-effective regulations that would produce net beneficial effects versus alternatives such as doing nothing.

WITHOUT SCIENTIFIC FORECASTS FOR ALL THREE ASPECTS OF THE ALARM, THERE IS NO SCIENTIFIC BASIS TO ENACT REGULATIONS. In effect, it is a three-legged stool. Despite repeated appeals to global warming alarmists, we have been unable to find scientific forecasts for any of the three legs.

We drew upon scientific (evidence-based) forecasting principles to AUDIT THE FORECASTING PROCEDURES USED TO FORECAST GLOBAL MEAN TEMPERATURES by the Intergovernmental Panel on Climate Change (IPCC) -leg "1" of the stool. THIS AUDIT FOUND THAT THE PROCEDURES VIOLATED 81% OF THE 89 RELEVANT FORECASTING PRINCIPLES

We also did an audit of the forecasting procedures used for two papers that were designed to SUPPORT PROPOSED REGULATION RELATED TO PROTECTING POLAR BEARS - leg "3" of the stool. On average, THESE PROCEDURES VIOLATED 85% OF THE 90 RELEVANT PRINCIPLES.

The warming alarmists have not demonstrated the predictive validity of their procedures. Instead, THEIR ARGUMENT FOR PREDICTIVE VALIDITY IS BASED ON THEIR CLAIM THAT NEARLY ALL SCIENTISTS AGREE WITH THE FORECASTS. Such an appeal to "voting" is contrary to the scientific method. It is also incorrect.

We conducted A VALIDATION TEST OF THE IPCC FORECASTS based on the assumption that there would be no interventions. This test found that THE ERRORS FOR IPCC MODEL LONG-TERM FORECASTS (91 TO 100 YEARS IN THE FUTURE) WERE 12.6 TIMES LARGER THAN THOSE FROM AN EVIDENCE-BASED "NO CHANGE" MODEL.

http://www.heartland.org/environmentandclimate-news.org/article/29687


AGW is a sham hypothesis. It violates the very principles it says it is based upon.