Archive for the ‘money’ Category

Why are so many in the GOP ignoring Paul Ryan’s budget plans?

Wednesday, March 3rd, 2010

That’s an easy answer — too many of them are either unimaginative or care more about power and partisan victories than actually dealing with the big issues.

From Newsweek:

According to the Congressional Budget Office (CBO), which produces Congress’s official projections about the long-term fiscal effects of legislation, Ryan’s Roadmap for America’s Future would zero out the deficit, balance the budget by 2063, and reduce Medicare’s expected share of the economy in 2080 from a projected 14.3 percent of GDP to a mere 4 percent. The Roadmap also calls for a substantial simplification of the tax code and a replacement of the corporate income tax with an 8.5 percent business consumption tax. CBO’s projections are inherently uncertain—even the most competent economic forecasters can only guess at how the world will change over 50-plus years. But the result is, at the very least, a compelling conservative vision of the country’s fiscal future.

But is that something they’re willing to do? Michael Tanner, a senior fellow at the libertarian Cato Institute and author of Leviathan on the Right: How Big-Government Conservatism Brought Down the Republican Revolution, says that Ryan’s plan offers “one of the few serious plans in Washington.” Yet he worries that “it is far too serious for today’s Republicans.”

SNL open — Chinese President lectures Obama

Sunday, November 22nd, 2009

from last night’s SNL — simply awesome, because it’s 100% true:

Is that Wissota or Minnesconsin?

Tuesday, January 20th, 2009

Kudos to state governments looking to save money intelligently instead of just taxing us more for the same old, same old.

From The Wisconsin State Journal:

Gov. Jim Doyle and Minnesota Gov. Tim Pawlenty agreed this week on a compact focusing on three areas of cooperation:

– Combining to save money on purchases of software, road salt, prison meals and other supplies.

– Cooperatively operating services such as call centers handling unemployment benefits and departments regulating insurance and banking as well as housing each other’s prison inmates.

– Sharing buildings and vehicles in border areas.

Doyle estimated the new cooperation could save the states $600,000 to $1.2 million on road salt alone. Other savings were unspecified but could amount to tens of millions of dollars, the governors agreed.

Both governors should view the three areas as a launching pad to aggressively brainstorm even more innovative ideas.

Did you know “Wissota” returns 199,000 hits on Google?!?

Calvin, the first TARP requestor

Tuesday, January 13th, 2009

Circulating via email, this classic Calvin and Hobbes is spot on:

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Click here for a larger version

The Truth Shall Set You Free

Tuesday, December 30th, 2008

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From Dave Barry’s Review of 2008 (he is not making this up):

January tidbit:

“On the Democratic side, the surprise winner is Barack Obama, who is running for president on a long and impressive record of running for president. A mesmerizing speaker, Obama electrifies voters with his exciting new ideas for change, although people have trouble remembering exactly what these ideas were because they were so darned mesmerized. Some people become so excited that they actually pass out. These are members of the press corps.”

March tidbit:

“In politics, Barack Obama addresses the issue of why, in his 20 years of membership in Trinity United Church of Christ in Chicago, he failed to notice that the pastor, Jeremiah Wright, is a racist lunatic. In a major televised address widely hailed for its brilliance, Obama explains that . . . OK, nobody really remembers what the actual explanation was. But everybody agrees it was mesmerizing.”

April tidbits:

“tensions run high in the Pennsylvania Democratic primary, which all the experts agree is extremely crucial. Barack Obama gets into trouble with rural voters for saying that rural Americans are ”bitter” and ”cling to guns or religion.” Responding to charges that this statement is elitist, Obama responds: “You are getting sleepy. Very sleepy.” ”

“On the Republican side, John McCain gets wind of something called the ”Internet” and orders his staff to give him a summary of it on index cards.”

“In economic news, the price of gasoline tops $4 a gallon, meaning the cost of filling up an average car is now $50, or, for Hummer owners, $17,500. Congress, responding to the financial pain of the American people, goes into partisan gridlock faster than ever before, with Republicans demanding that the oil companies immediately start drilling everywhere, including cemeteries, and Democrats calling for a massive effort to develop alternative energy sources such as wind, the sun, tides, comets, Al Gore and dragon breath, using technology expected to be perfected sometime this millennium. It soon becomes clear that Congress will not actually do anything, so Americans start buying less gasoline.”

May tidbit:

“the International Atomic Energy Agency releases a report stating that Iran is actively developing nuclear warheads. In response, Iran issues a statement asserting that (1) it absolutely is not developing nuclear warheads, and (2) these are peaceful warheads. The United States, the United Kingdom, Germany, France, Russia and China convene an emergency meeting, during which they manage, in heated negotiations, to talk France out of surrendering.”

June tidbit:

“In other campaign-related news, Chicago developer Tony Rezko, a former Obama associate and fundraiser, is convicted on corruption charges, but the press realizes that this is not an issue after Obama explains that it is not an issue.”

July tidbit:

“Barack Obama, having secured North and South America, flies to Germany without using an airplane and gives a major speech — speaking English and German simultaneously — to 200,000 mesmerized Germans, who immediately elect him chancellor, prompting France to surrender. ”

August tidbits:

“Barack Obama, continuing to shake up the establishment, selects as his running mate Joe Biden, a tireless fighter for change since he was first elected to the U.S. Senate in 1849. The Democratic Party gathers in Denver to formally nominate Obama, who descends from his Fortress of Solitude to mesmerize the adoring crowd with an acceptance speech objectively described by The New York Times as “comparable to the Gettysburg Address, only way better.” ”

“Meanwhile John McCain, still searching for the perfect running mate, tells his top aides in a conference call that he wants ‘’someone who is capable of filling my shoes.” Unfortunately, he is speaking into the wrong end of his cellular phone, and his aides think he said ‘’someone who is capable of killing a moose.” Shortly thereafter McCain stuns the world, and possibly himself, by selecting Alaska Gov. Sarah Palin, a no-nonsense hockey mom with roughly 114 children named after random nouns such as “Hamper.””

“Elsewhere abroad, war breaks out between Russia and Georgia over South Ossetia and Abkhazia, serving as a stark reminder that, in an increasingly uncertain world, we, as Americans, have no idea where these places are.”

September tidbit:

“But the presidential campaign is soon overshadowed by the troubled economy. The federal government is finally forced to take over Fannie Mae and Freddie Mac after they are caught selling crack at a middle school. But that is not enough, as major financial institutions, having lost hundreds of billions of dollars thanks to years of engaging in practices ranging from questionable to moronic, begin failing, which gives the federal government an idea: Why not give these institutions MORE hundreds of billions of dollars, generously provided by taxpayers?”

November tidbit:

“Barack Obama, in a historic triumph, becomes the nation’s first black president since the second season of 24, setting off an ecstatically joyful and boisterous all-night celebration that at times threatens to spill out of The New York Times newsroom. Obama, following through on his promise to bring change to Washington, quickly begins assembling an administration consisting of a diverse group of renegade outsiders, ranging all the way from lawyers who attended Ivy League schools and then worked in the Clinton administration to lawyers who attended entirely different Ivy league schools and then worked in the Clinton administration.”

Happy Chanukah!

Sunday, December 21st, 2008

Or is it Happy Hanukkah!

Chanukah starts this evening at sundown. Anyone who loves religious freedom and freedom from government oppression can appreciate the story of Chanukah. The story of persistence, reverence and dedication still applies today, regardless of your status as Jew or Gentile. Make no mistake: people throughout history have used the power of government to oppress the free expression of religion and speech. The desires of the Jewish warriors in the 2nd century BC for the freedom to live, believe, and worship as they choose continues today. We salute you.

On a much less serious note, I’ve never seen all 3 Adam Sandler Chanukah / Hanukkah songs in one place online, so here they are:

Adam Sandler’s original Chanukah (Hanukkah) Song:

Adam Sandler - The Chanukah Song Part 2

Adam Sandler - The Chanukah Song Part 3

Bonus Material … Bonus Material … Bonus Material

Did you know Adam Sandler is a Republican? Apparently that’s news to me. I don’t remember his performance at the 2004 RNC and I didn’t realize he gave money to Rudy in 2008 (although I think he would have been better off giving it to Bernie Madoff for that return on investment…)

Newsmeat.com has a long and interesting list of political donations from celebrities and others. You can also search for individual donors, candidates, and types of donors.

Visual Bailout Guide

Wednesday, December 17th, 2008

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Slate has a vivid, interactive graph with thorough explanations of all the federal bailouts in the past year.

And if you’re one of the many fans of Phish or the Grateful Dead I met in college, you’ll love it too for other reasons — it’s mesmerizing, dude.

I’ll give you two 10’s for a 5

Saturday, December 13th, 2008

Oh my… this can’t be good:

In a testament to the shocking level of financial unrest in the world, the government auctioned $32 billion in four-week T-bills at 0% interest Tuesday, the lowest auction rate ever.

That’s right. Zilch. Nada. Nothing. Uncle Sam is getting the same 0% financing deal being offered at your local furniture store or auto dealer.

Demand for the no-interest T-bills was unbelievably high. The Treasury received $128.5 billion in bids, or more than $4 in bids for every $1 it accepted. A year ago, the Treasury sold $23 billion in one-month T-bills yielding almost 3% and only attracted $57.5 billion in offers.

And that’s not all. The credit crisis has investors so unnerved — and we’re mostly talking about institutional buyers here, the pros — that three-month T-bills briefly traded in the secondary market below zero percent Tuesday at -0.01%.

So not only are the pros using Treasuries as a mattress for their money, but some are even paying for the right to do so.