HEADLINES

Wednesday, January 19, 2011

GOP Leaders Skip Obama’s State Dinner With Communist China



GOP Leaders Skip Obama’s State Dinner With Communist China: "



The cover of a wallet bearing an image of U.S. President Barack Obama’s face, in place of the usual image of China’s late Chairman Mao Zedong, is pictured at a souvenir shop in Beijing, January 18, 2011. (REUTERS/Jason Lee)


The Hill reported:


Three top congressional leaders are skipping a state dinner for Chinese President Hu Jintao in what may be perceived by China as a snub.


House Speaker John Boehner (R-Ohio), Senate Majority Leader Harry Reid (D-Nev.) and Senate Minority Leader Mitch McConnell (R-Ky.) all said “thanks, but no thanks” to White House invitations for the dinner.


Reid and Boehner are expected to meet with Hu during a separate meeting Thursday on Capitol Hill.


Minority Leader Nancy Pelosi (D-Calif.), a vocal critic of China on human-rights issues, is attending the state dinner, only the third thrown by President Obama.

"

Spain to Ramp Up Bailout of Banks

from Business News & Financial News - The Wall Street Journal - WSJ.com



Spain to Ramp Up Bailout of Banks: "Spain plans to pour billions more euros into its troubled savings banks and force them to be more open about their lending practices, an acknowledgment that previous efforts to fix the banks have fallen flat.



"

Paul Ryan slices and dices Obamacare.

from RedState by Moe Lane (Profile)



Paul Ryan slices and dices Obamacare.: "

You know, the Democratic party is probably really regretting not targeting Paul Ryan’s seat last quarter. Not that it would have actually worked, but at least they could have told themselves that they tried to avert events like these:





For those without video, this is three and three-quarter minutes’ worth of Rep. Ryan ripping apart last year’s useless CBO report on Obamacare costs, with some additional commentary added in on how you can reconcile said CBO report claiming that Obamacare will reduce the deficit while the CBO is saying elsewhere that Obamacare will increase the debt. Short version: when looking at the deficit the CBO was forced by the then-majority party to make assumptions that they couldn’t make while looking at the debt. Shorter version: Democratic politicians lie.


One last note: this is why you want to have the majority in Congress, by the way. As Ranking Member of the Budget Committee, Rep. Ryan would have had to fight and push for the opportunity to get even a minute to try to push back on Democratic agitprop: as Budget Chair he can take as much time as he darn well needs to smack down whatever nonsense that might hove into view. Do not underestimate the power to set, define, and steer the agenda; particularly do not underestimate the power to prevent people from peremptorily shutting you up.


Moe Lane (crosspost)


PS: Rep. Ryan also explained, for the slow of brain, why the Republicans are pushing this in the House even though they don’t control the Senate: it’s because this is the right thing to do, and the GOP said that they would do this. In other words: principles.


Prin-ci-ples.


P-R-I-N-C…


Oh, just look it up, ye Democratic Beltway elites…

"

Repeal is Real: Historic House Vote to Repeal Obamacare Passes 245-189

by jbodnar



Repeal is Real: Historic House Vote to Repeal Obamacare Passes 245-189: "

WASHINGTON, DC- As its first major act, the new Republican majority in the House of Representatives voted today on a bill promising the complete repeal Obamacare. The bill passed with a unanimous Republican vote along with the support of three House Democrats, proving that the demand to repeal Obamacare is a real, bipartisan fight that will lead to a serious debate in the Senate.

The antithesis of a free market, Obamacare is a job-killing, micro-managing law that threatens to skyrocket insurance costs, bankrupt the federal government, and take away patients’ choices. It was rammed through Congress last year by Harry Reid and Nancy Pelosi without garnering a single Republican vote. In December 2010, a Virginia federal judge ruled the Obamacare mandate on all Americans to purchase health insurance to be unconstitutional.

FreedomWorks’ network of over 1 million grassroots activists led the fight for healthcare freedom with a nationwide campaign of emails, phone calls to Congress, and district office visits to support the repeal of Obamacare and its replacement with a patient-centered approach to health care. Activists were encouraged to visit the FreedomWorks Repeal Obamacare War Room to learn more about how to get more involved.

“Control of health care decisions belongs in the hands of patients, families, and their doctors- not politicians and their pals. Today’s House vote is a major legislative victory that is both historic and unprecedented. Never before has a strong bipartisan majority voted to repeal an entitlement program of this magnitude,” commented Dean Clancy, Vice President of Health Care Policy at FreedomWorks.

“This effort is far from symbolic. Repeal is real. This victory creates huge momentum for a Senate vote. Today’s House vote shows the sustaining influence of the tea party movement in today’s political climate. Without the strong base of grassroots support surrounding the Obamacare repeal, this limited-government victory never would have happened.”

The House vote to repeal Obamacare is another victory for the Contract FROM America, an authentic, ten-point grassroots document advocating fundamental tax reform, fiscal responsibility, limited government, and the full repeal and replacement of Obamacare.

“While FreedomWorks applauds the House vote to repeal Obamacare, the fight is far from over,” said Matt Kibbe, President of FreedomWorks.

“The next step is to take this momentum and compel Harry Reid to have a vote on the repeal bill in the Senate. We’re not stopping until we get to the White House.”

"

Repeal Is Real

by mkibbe



Repeal Is Real: "

As its first major act, the new Republican majority in the House of Representatives voted today on a bill promising the complete repeal of Obamacare. The bill passed with a unanimous Republican vote along with the support of 3 House Democrats, proving that the demand to repeal Obamacare is a real, bipartisan fight that will lead to a serious debate in the Senate.


While many have tried to downplay the vote as merely symbolic, it is far more important than that: repeal is real. I believe that repeal is achievable, and in fact likely, because the American people want and expect it. The new class of Republicans campaigned on repeal in this election, and we intend to hold each and every one of them accountable to their own promises.

Read the full post at RedState

"

Shocker: College Students Getting Stupider

by Melissa Clouthier



Shocker: College Students Getting Stupider: "


The first two years at college are less about book knowledge and more about carnal knowledge, these days. College instructors care less about teaching then about putting an academic feather into their elitist hats. Respect and research dollars come to the academics who publish not to those who teach disinterested students.


This toxic brew of booze and self interest results in stupider college students (and poorer parents).


USA Today reports the shocking findings:


Instructors tend to be more focused on their own faculty research than teaching younger students, who in turn are more tuned in to their social lives, according to the report, based on a book titled Academically Adrift: Limited Learning on College Campuses. Findings are based on transcripts and surveys of more than 3,000 full-time traditional-age students on 29 campuses nationwide, along with their results on the Collegiate Learning Assessment, a standardized test that gauges students’ critical thinking, analytic reasoning and writing skills.


After two years in college, 45% of students showed no significant gains in learning; after four years, 36% showed little change.


Students also spent 50% less time studying compared with students a few decades ago, the research shows.


The real problems with higher education aren’t even being addressed by this article (Glenn Reynolds has done a superb job on the issue):


1. Most jobs requiring a college degree shouldn’t.

2. Most kids in college shouldn’t be there and would fail if there were any academic standards (and do fail even with the lack of them).

3. College education in anything but the hard sciences is a waste.

4. Colleges actively pursue and harm young Americans by saddling them with obscene debt for an often useless product.

5. Colleges deceive young people with funding deals that help the college administrators.

6. College tuition is inflated by government subsidies. If the Federal government didn’t up their loan amounts, colleges would be forced to cut costs.

7. The federal government should not be encouraging kids to take on bad debt and subsidizing this behavior.


Not only does college dumb down kids, they’re paying an astronomical amount of money to get dumber.


Parents need to heavily consider whether college is a good investment for their children.


"

California test run on CFL bulbs tanks; savings disappoint

http://feedproxy.google.com/~r/patriotroom/eKBL/~3/f1Eg2sjnhvY/


California test run on CFL bulbs tanks; savings disappoint: "

I’m not sure I can do this article justice. Even though it is the WSJ, it has the feel of trying to make silk out of sow’s ear.


In summary, the spirally stupid lights that liberal idiots mandate we use die sooner than expected and save less energy. That means, of course, that the entire model upon which they told us the carbon savings is suspect. I particularly love this line: “Turning them on and off a lot also appears to impair longevity.” No shit, Sherlock. It’s basic reliability analysis. But mentioning it suggests to me that the underlying model did not anticipate the bulbs being subjected to such variable use as being off upon occasion. So when you write “a lot” does that mean that we need to extend our time in the bathroom to lessen “a lot”? Isn’t there a medical condition that results from squatting for extended periods? Is that what liberals call a “trade-off”?


Expected life span was off by 33%. Overall energy savings were off by over 70%. Nice.


But the best part is saved for last. California, you see, wanted to give the utility companies financial incentives for pimping these pathetic excuses for electrical lights. And the regulators actually used their heads when designing the incentives: Money given for energy saved. Problem is that the calculation of just what was saved is complicated, and the unreliability of the lights dampened the savings. So they gave the utilities the money anyway, and now have a different approach:


Utilities would be judged, henceforth, for technology installation rates, but not for the amount of energy actually saved by their efforts.


Forget the energy savings, just sell the fucking things.


Thanks, guys. Losers. Oh, did I mention that these bulbs, mercury and all, are manufactured in China?


"

Rush to Republicans: Say what you’re gonna cut and do it!

by therightscoop



Rush to Republicans: Say what you’re gonna cut and do it!: "Rush tells Republicans that if they want to win by a landslide in 2012, then go ahead and take on the media narrative of asking for specifics cuts, tell them what you are going to cut and start trying to cut. Rush says we don’t have to cut any entitlement spending to accomplish what we [...]"

Abortion doctor charged with murder for doing what Obama defended

http://usactionnews.com/2011/01/abortion-doctor-charged-with-murder-for-doing-what-obama-defended/


Abortion doctor charged with murder for doing what Obama defended: "

A West Philadelphia abortion doctor has been charged with murder for killing babies. He should use Obama’s words as a senator as a defense.


According to abc affiliate WPVI-TV a West Philadelphia ‘abortion doctor who catered to minorities, immigrants and poor women was charged with eight counts of murder in the deaths of a patient and seven babies who were born alive and then killed with scissors’.


Why should he be charged with murder of the babies when our own president Obama defended such practices as an Illinois state senator. Here is what Obama said as reason not to vote for the Illinois Born Alive Infant Protection Act which would have made this treatment of babies illegal in Illinois:


From ‘What you need to know about the `Born Alive’ controversy and Barack Obama‘ in a August 20, 2004 article at the Chicago Tribune:


Here’s some of what Obama said on April 4, 2002 during floor debate in the Illinois Senate:


The source of the objections of the (Illinois State) Medical Society (was that this proposal) puts the burden on the attending physician who has determined, since they were performing this procedure, that, in fact his is a non-viable fetus; that if that fetus, or child—however way you want to describe it—is now outside the mothers’ womb and the doctor continues to think that it’s non viable but there’s, let’s say, movement or some indication that, in fact, (the fetus is) not just coming out limp and dead, that, in fact, they would then have to call a second physician to monitor and check off and make sure that this is not a live child that could be saved….. The only plausible rationale, to my mind, for this legislation would be if you had a suspicion that a doctor – the attending physician – who has made an assessment that this is a non-viable fetus and that, let’s say for the purposes of the mother’s health, …that labor is being induced, that that physician a) is going to make the wrong assessment and b) if the physician discovered, after the labor had been induced, that, in fact, he made an error, or she made an error, and, in fact, that this was not a non-viable fetus but, in fact, a live child, that that physician or his own accord or her own accord would not try to exercise the sort of medical measures and practices that would be involved in saving that child. Now if—if you think that there are possibilities that doctors would not do that, then maybe this bill makes sense. But I suspect –and my impression is that the Medical Society suspects as well –that doctors feel that they would be under that obligation, that they would already be making those determination and that ,essentially adding an additional doctor who then has to be called in an emergency situation to come in and make these assessments is really designed simply to burden the original decision of the woman and the physicians to induce labor and perform an abortions. Now if that’s the case… I think it’s important to understand that this issue ultimately is about abortion and not live births.


Pro life activist Jill Stanek noted then senator Obama’s 10 reasons for supporting infanticide in an article on WorldNetDaily.com in January of 2008. Among the reasons was #10:


“10. Babies who survive abortions are not protected by the Equal Protection Clause of the Constitution.


Obama, the sole opponent ever to speak against BAIPA, stated on the Illinois Senate floor on March 30, 2001:


I just want to suggest … that this is probably not going to survive constitutional scrutiny.Number one, whenever we define a previable fetus as a person that is protected by the equal protection clause or the other elements in the Constitution, what we’re really saying is, in fact, that they are persons that are entitled to the kinds of protections that would be provided to a – child, a 9-month-old – child that was delivered to term. …


I mean, it – it would essentially bar abortions, because the equal protection clause does not allow somebody to kill a child, and if this is a child, then this would be an anti-abortion statute. For that purpose, I think it would probably be found unconstitutional.”



So why should an abortion doctor be held liable for what was so vigorously defended by president Obama? Because it really is infanticide which is a fancy name for murder of infants even if he defended it.


~ Editor usACTIONnews.com

"

Video: Milton Friedman answers a question about what rich people do with their profits

by The blogprof



Video: Milton Friedman answers a question about what rich people do with their profits: "
“Most of the energy of political work is devoted to correcting the effects of mismanagement of government.”
—Milton Friedman, PBS 'Firing Line' (October 9, 1988)
Via Michigan Capitol Confidential, watch Friedman school a class warfare shill:
Pretty self-explanatory, no? Other famous Friedman sayings:
“Nothing is so permanent as a temporary government program.”
—Milton Friedman, favorite saying
“History suggests that capitalism is a necessary condition for political freedom.”
—Milton Friedman, Capitalism and Freedom (1962)
“The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.”
—Milton Friedman, Capitalism and Freedom (1962)
“Inflation is taxation without legislation.”
—Milton Friedman, Comment on President Carter's plan to raise taxes to--reduce inflation (1979)
“Most of the energy of political work is devoted to correcting the effects of mismanagement of government.”
—Milton Friedman, PBS 'Firing Line' (October 9, 1988)
“Most economic fallacies derive ... from the tendency to assume that there is a fixed pie, that one party can gain only at the expense of another.”
—Milton Friedman with Rose Friedman, Free to Choose (1979)

“Self-interest is not myopic selfishness. It is whatever it is that interests the participants, whatever they value, whatever goals they pursue. The scientist seeking to advance the frontiers of his discipline, the missionary seeking to convert infidels to the true faith, the philanthropist seeking to bring comfort to the needy—all are pursuing their interests, as they see them, as they judge them by their own values.”
—Milton Friedman with Rose Friedman, Free to Choose (1979)
"

Irony: Abortion Doctor Arrested for Murder of Woman, Seven Babies

by The blogprof



Irony: Abortion Doctor Arrested for Murder of Woman, Seven Babies: "How about then arresting these butchers for all the other babies they've killed? Via BreitbartTV:
The caption:
Dr. Kermit Gosnell faces eight counts of murder in the deaths of a woman following a botched abortion at his office, along with the deaths of seven other babies who, prosecutors allege, were born alive following illegal late-term abortions and then were killed with scissors.
Uh - how is that worse than any other abortion???
"

So Much For That New Tone of Politics… Democrat Steve Cohen Says Republicans Are Like Goebbels & Nazis (Video)

by Jim Hoft



So Much For That New Tone of Politics… Democrat Steve Cohen Says Republicans Are Like Goebbels & Nazis (Video): "

So much for that new tone of politics….

After the brief pause from blaming conservatives for the mass slaughter by a left-wing pothead who hated Bush , it looks like the democrats are back at it.

Today Rep. Steve Cohen (D-TN) compared Republicans to Nazis.

Via HotAir:

"

Union Workers Overwhelm Security & Storm Bankers Meeting

by Jim Hoft



Union Workers Overwhelm Security & Storm Bankers Meeting: "

About 200 union workers broke through security and stormed a bankers meeting in Washington today demanding jobs… from the bankers(?)



(Housing Wire)

The Huffington Post reported, via The Blaze:


About 200 union workers interrupted a meeting of mortgage bankers at a posh hotel Wednesday.


The protest — aimed at the Pulte Group, one of the nation’s largest homebuilders — quickly turned into a scrum as workers wearing hardhats and shouting through bullhorns overwhelmed the security staff at the JW Marriott, bursting into a crowded conference room before a stunned crowd of bankers.


Shouting “Where are the jobs?” and “Where is the money?” the protesters from the Sheet Metal Workers’ International Association and the International Union of Painters and Allied Trades, many in overalls and helmets, said taxpayers have provided $900 million in tax breaks to Pulte with the aim of creating jobs. They said they haven’t seen the results they were promised.


Those tax breaks were supposed to create jobs,” Wayne Peworchik, one of the protesters, said. “That was President Obama’s and Congress’s intent.”


“Instead, Pulte laid off workers,” Peworchik said.


But, the reason the union members are not working is because they would not accept a pay freeze – they demanded a raise back in June.

Via The Daily Reporter:


A Milwaukee contractors association representing 80 employers began a lockout Monday after contract negotiations with a local sheet metal workers’ union failed.


Jeffrey Remsik, spokesman for the Sheet Metal & Air Conditioning Contractors’ Association of Milwaukee, said the Sheet Metal Workers’ International Association Local Union 18 wants increased wages and benefits, and the association will not grant the request.


Seventy-five union workers went on strike Friday, said Patrick Landgraf, Local 18 president and business manager. In response, the association locked out 1,800 union members Monday, he said.


The two sides have been negotiating since April, Remsik said.


“With the construction industry in the worst times we’ve seen since the 1930s, we feel we need to cut and lower costs,” he said. “We want to make ourselves more competitive so we can get more work.”

"

Michele Bachmann: “Obamacare Is Crown Jewel of Socialism… We Won’t Stop Until We Repeal this President” (Video)

by Jim Hoft



Michele Bachmann: “Obamacare Is Crown Jewel of Socialism… We Won’t Stop Until We Repeal this President” (Video): "

Rep. Michele Bachmann (R-MN) told members of the House of Representatives today that, “Obamacare is the crown jewel of socialism… We won’t stop until we repeal this president.”

Republicans are going to vote to repeal Obamacare today:



Rep. Michele Bachmann (R-MN):


Obamacare as we know is the crown jewel of socialism. It is socialized medicine. The American people spoke soundly and clearly at the ballot box in November. And, they said to us Mr. Speaker that in no uncertain terms, “Repeal this bill!” So today this body will cast a vote to repeal Obamacare. And, to those across the United States who think this may be a symbolic act, we have a message for them. This is not symbolic. This is why we were sent here and we will not stop until we repeal a president and put a president in the position of the White House who will repeal this bill. Until we repeal the current senate. Put in a senate who will listen to the American people and repeal this bill. Because what has been the result Mr. Speaker? It’s been this. It’s been job loss. It’s been increases on costs to the American people… This will break the bank and we won’t let that happen to our country. So make no mistake Mr. Speaker. We are here to stay and our resolve is firm. We will continue this fight until Obamacare is no longer the law of the land and until we can pass a bill that will actually cut the cost of health care.”

"

OBAMACARE IS REPEALED IN THE HOUSE – In a Bipartisan Vote 245-189

by Jim Hoft



OBAMACARE IS REPEALED IN THE HOUSE – In a Bipartisan Vote 245-189: "

The Republican held House of Representatives voted to repeal Obamacare.



The measure passed 245-189. Three democrats joined Republicans in the bipartisan vote to repeal the nationalized health care bill.


The Ticket reported:


Fueled by a new Republican majority, members of the House voted today to repeal the president’s health care plan by a vote of 245 to 189. A simple majority was necessary for passage.


Three Democrats– Dan Boren of Oklahoma, Mike McIntyre of North Carolina and Mike Ross of Arkansas– sided with all Republicans to repeal the plan, signed into law last March as the “Affordable Care Act.”


As we’ve noted, today’s vote is largely a symbolic move orchestrated by Republicans to make good on their campaign pledge to challenge “Obamacare.” Republicans are well aware that Democrats have vowed to block the measure in the Senate, where Democrats till maintain a majority.


Republicans are pushing Democrats to let the measure have its day in the Senate. House Majority Leader Eric Cantor (R-Va.) today challenged Democratic Senate Majority Leader Harry Reid to bring the measure up for a vote in the Senate. “The American people deserve a full hearing, they deserve to see this legislation go to the Senate for a full vote,” Cantor said Wednesday.

"

FCC approves merger of Comcast and NBC/Universal

"It was a shakedown, and NBCU and Comcast had no other option but to play along. The FCC has played the bull in the china shop by exacting regulatory concessions that display a regulatory regime that is out-of-touch and out-of-control, favoring big government solutions to non-existent problems."

Bruce Edward Walker, managing editor of InfoTech & Telecom News said:

"Anyone with the least amount of business sense realizes the opportunities presented by the vertical integration of Comcast and NBC/Universal – and yet the FCC has held off on making its decision for more than a year. During this prolonged era of indecision and uncertainty, the FCC was able to strong arm major concessions from the two companies.

"It was a shakedown, and NBCU and Comcast had no other option but to play along. The FCC has played the bull in the china shop by exacting regulatory concessions that display a regulatory regime that is out-of-touch and out-of-control, favoring big government solutions to non-existent problems."

Jim Lakely, co-director of the Center on the Digital Economy at The Heartland Institute said:

"In the wake of grabbing regulatory authority over the Internet, the FCC surely wants to demonstrate its bureaucratic competence. Unfortunately, the commission has merely showed it's in over its head when it comes to regulating media in the digital age.

"Approval of this merger took too long, coming nearly two months past the 180-day deadline that passed around Thanksgiving. And the merger comes with conditions that will likely prove unworkable — especially the mandate that Comcast adhere to the FCC's current version of 'net neutrality' principles for seven years. Such a span of time is a virtual eternity in digital media, akin to locking a cell phone company into the industry standard of 2003.

"While the FCC's blessing is welcome, the commission should stop trying to micromanage an industry that moves faster than any in history, and give market forces the freedom to self-regulate and continue pushing innovation in the digital economy."








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1,968 New and Expanded Secretarial Powers in Health Law

The Center for Health Transformation (CHT) released a new chart revealing the nearly 2,000 new and expanded powers given to Health and Human Services (HHS) Secretary Kathleen Sebelius under the healthcare law.

The chart, titled "The New and Expanded Secretarial Powers in the Health Reform Law," shows the exact legislative language from the 2,409-page law and the 1,968 grants of new and expanded powers to the secretaries of Departments of Labor, Treasury and Health and Human Services.  The overwhelming majority of which will fall under HHS Secretary Kathleen Sebelius, from powers over access to drugs and insurance coverage to care delivery processes and changes to Medicare.

Examples of the 1,968 unprecedented powers include:

  • The Secretary will now identify, as appropriate, categories and classes of drugs that the Secretary determines are of "clinical concern" (Section 3307);
  • The Secretary will decide how drugs are dispensed in long-term care facilities (Section 3310);
  • The Secretary will develop oral healthcare components, including "tooth-level surveillance," a clinical examination of every dental surface in the mouth (Section 4102);
  • The Secretary may establish insurance premium ratings for states (Section 1201);
  • The Secretary may conduct comparative effectiveness research (Section 6301).

"If you had any doubt about the importance of repealing the health reform law, the Center's chart will give you 1,968 good reasons," said CHT Founder and former Speaker of the U.S. House of Representatives Newt Gingrich. "This law gives control of the largest single sector of the American economy, not to mention the lives of every American, to an appointed bureaucrat."
Vincent Frakes, CHT Federal Policy Director said, "The more than 2,700 pages that make up the health reform law and the nearly 2,000 delegations of authority to one person show just how onerous the legislation is and why the majority of Americans support its repeal."

"This new chart is a great illustration of how the health reform law concentrates power under one unelected official and why a replacement model is needed that can help save lives and money across America," Frakes said.

The chart is the third among several charts the Center has released over the past six months in an effort to help CHT members and the general public better understand the repercussions of the healthcare law.

To view the chart see below or to purchase copy or view, go to www.healthtransformation.net.

About the Center for Health Transformation (CHT)
The Center for Health Transformation is a high-impact collaboration of private and public sector leaders committed to creating a 21st Century Intelligent Health System that saves lives and saves money for all Americans. CHT is based on the following premise: Small changes or reactionary fixes to separate pieces of the current system have not and will not work. We need a system-wide transformation. Unlike other alliances, CHT unites stakeholders across the spectrum (providers, employers, vendors, trade associations, disease groups, think tanks) and government leaders at both the state and federal level to drive transformation according to a shared vision and key principles.  For more information, visit www.healthtransformation.net

###

For more information or interviews, please contact Alissa Momberg at (202) 375-5020 or amomberg@gingrichgroup.com.

The Obamacare regulatory power chart:

The chart is so large you will have to zoom in

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How to Freeze the Debt Ceiling Without Risking Default

Next year, the government will have 10 times more income than it needs to honor its interest obligations.

Pat Toomey at The Wall Street Journal

EXCERPTS:

In fact, if Congress refuses to raise the debt ceiling, the federal government will still have far more than enough money to fully service our debt. Next year, for instance, about 6.5% of all projected federal government expenditures will go to interest on our debt, and tax revenue is projected to cover about 67% of all government expenditures. With roughly 10 times more income than needed to honor our debt obligations, why would we ever default?

If we do not raise it, the government's tax revenue will enable us to fund roughly two-thirds of projected expenditures, including interest payments. Without the ability to borrow the other third, spending cuts would be sudden and severe: Projects would be postponed, some vendor payments would be delayed, certain programs would be suspended, and many government employees might be furloughed. Default would easily be avoided, but these cuts would certainly be disruptive. That's why I hope we can avoid this scenario.

FULL ARTICLE








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Countdown to Repeal: Doctor Is Already Feeling the Fateful Effects of Obamacare

Dr. Martha Boone is no ordinary urologist. For more than a year she has led a grassroots campaign against Obamacare — and for good reason. Boone's livelihood depends on it.

As the House prepares to vote on repeal today, Boone is struggling with the consequences of the law. Just this week, for example, she learned the cost of health insurance for her five employees was increasing 27 percent. How will she cover the increase? It's a question weighing on her mind.

We traveled to Atlanta last year to speak to Boone about her concerns. (Read our report and watch our video.) Boone was in the process of moving to a less expensive office in an older building. The move helped her avoid laying off an employee, but it was just one of the sacrifices she made.

Boone cut her own salary by 32 percent. Now she fears she will need to make more sacrifices to avoid more dire circumstances.

She's not alone. A group known as Docs4PatientCare, led by Dr. Hal Scherz, has brought together doctors across America to make the case for repealing Obamacare.








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Morning Bell: A False Truce in Obama’s War on Business

In fiscal year 2010, the first full fiscal year under the Obama Administration, the federal government issued 43 major new regulations. According to the Administration's own estimates, the total cost of these rules was $28 billion. Only two of the new rules reduced measured regulatory costs, and then by only $1.5 billion. On net, the Obama Administration inflicted $26.5 billion in new regulatory costs on the economy last year, an all-time record. This was on top of the $1.75 trillion in existing regulatory costs already inflicted on the U.S. economy by the federal government. No wonder the business community, large and small, felt it was under attack.

But now that the President has been "shellacked" at the polls, and unemployment is over 9 percent for a post–World War II record 20th month in a row, the Obama Administration is desperate to convince the public that their war on business is over. Hence President Barack Obama's Wall Street Journal op-ed yesterday announcing "a government-wide review of the rules already on the books to remove outdated regulations that stifle job creation and make our economy less competitive." This is a nice sentiment. But even a cursory examination of the President's actual order shows he is all talk and no action.

First of all, the President's executive order doesn't actually require federal agencies to identify harmful regulations during the next 120 days. It merely requires that they submit a "preliminary plan" for reviewing regulations sometime in the future. This is not an order to reduce a single regulation. It is an order to plan to plan to maybe someday reduce regulations! Second, the order exempts "independent" agencies like the Securities and Exchange Commission, the Federal Communications Commission, and the new Consumer Financial Protection Bureau. Finally, even if an existing rule is found that stifles job creation, it will take years to actually repeal it. Kauffman Foundation Vice President Robert Litan tells The New York Times: "It's more of a talking point than a policy. Even if you find a rule you don't like, and they probably will, then they're going to have to go through rule-making and then it's going to take a year or two or longer."

There is a very simple way to tell if President Obama is serious about stopping job-killing government regulations: He can stop the torrent of new regulations his Administration is set to start producing this year.

The 2,319-page financial regulation bill requires 243 new formal rule-makings by 11 different federal agencies. The 2,700-page Obamacare bill contains more than 1,000 instances where Congress instructed Health and Human Services (HHS) Secretary Kathleen Sebelius to regulate the health care industry. And, in the ultimate example of power-hungry federal regulators providing "solutions" where no problem currently exists, for the first time in the history of the Internet, the federal government will begin to regulate service providers with "net neutrality" regulations.

The American people are not powerless against President Obama's expansionist administrative state. The new conservative Congress has a number of weapons at their disposal to slow government's regulatory rise. Congress can withhold funding from the Environmental Protection Agency for writing global warming regulations. The Congressional Review Act allows Congress to review and overrule regulations issued by government agencies. And today, the House of Representatives will take a big first step in rolling back HHS's czar-like power over one-sixth of our economy when they vote to repeal Obamacare.

President Obama may be signaling that he plans to slow the federal government's regulatory explosion, but America's job creators should not believe him for a second.

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HHS Report on Obamacare’s Preexisting Conditions Impact: Say What???

On the eve of the scheduled vote in the U.S. House of Representatives on a bill to repeal Obamacare, the Department of Health and Human Services (HHS) issued a report yesterday entitled: "At Risk: Pre-Existing Conditions Could Affect 1 in 2 Americans: 129 Million People Could Be Denied Affordable Coverage Without Health Reform."

The report's "findings" are misleading and wildly inaccurate.

The report implies that without Obamacare's prohibition on insurers applying preexisting-condition exclusions, nearly half of the entire U.S. population would be at risk of being denied health insurance because they already have a preexisting medical condition.

But claiming that, because millions of people have preexisting medical conditions today, they risk being denied coverage if Congress repeals Obamacare is like saying that, because millions of Americans live within five miles of the seacoast, they risk being killed by the next hurricane if Congress cuts funding for the Army Corps of Engineers. Such simplistic and superficial methodologies deliberately ignore all the other relevant factors that might lead a reasonable person to question their outlandish conclusions.

In the case of hurricanes, costal communities have emergency preparedness plans, evacuation routes, and shelters designed to withstand hurricanes—all of which make the probability of anyone being killed by a hurricane vastly lower than some scary estimate of potential casualties derived by simply counting the number of individuals living near the seacoast.

In the same way, when it comes to individuals being denied health insurance coverage based on a preexisting medical condition, the HHS report vastly overstates the effect of repealing Obamacare because, implicitly, it vastly overstates the benefit of enacting Obamacare. Put another way, if the report's assertion that over 100 million Americans with preexisting medical conditions risk being denied coverage if Obamacare is repealed, then why weren't 100 million American's with preexisting medical conditions denied coverage, say, five years ago, before Obamacare was enacted?

The truth is that if Obamacare were repealed, very few Americans would be at risk of being denied health insurance because of a preexisting medical condition for the same reason that very few individuals face such a risk today. The reason is that laws enacted years ago already protect those individuals, and those laws would still exist if Obamacare were repealed.

Today, over 90 percent of Americans with private health insurance are covered by employer group plans where existing rules governing the application of preexisting condition exclusions are not an issue. Before passage of Obamacare, the law specified that individuals with employer-sponsored insurance cannot be denied new coverage, be subjected to preexisting condition exclusions, or be charged higher premiums because of their health status when switching to different coverage. Thus, in the employer group market, preexisting condition exclusions apply only to those without prior coverage or those who wait until they need medical care to enroll in their employer's plan.

Those existing rules represent a fair approach: Individuals who do the right thing (getting and keeping coverage) are rewarded; individuals who do the wrong thing (waiting until they are sick to buy coverage) are penalized.

The one small, legitimate remaining problem is that the same kinds of rules do not currently apply to the "individual" (non-group) market—about 9.4 percent of the total market for private health insurance. Thus, an individual can have purchased non-group health insurance for many years and still be denied coverage or face preexisting-condition exclusions when he or she needs or wants to pick a different plan.

The obvious, modest, and sensible reform is to simply apply to the individual health insurance market a set of rules similar to the ones that already govern the employer group market.

Instead, Obamacare prohibits the application of preexisting-condition exclusions under any circumstances, thus encouraging everyone to wait until they are sick before buying health insurance. That perverse incentive is a recipe for disaster. So, in order to limit the effects of that disaster (of their own making), Congress then included in Obamacare an unpopular individual mandate to buy health insurance.

Indeed, as John Goodman of the National Center for Policy Analysis notes, if preexisting-condition exclusions are such a huge problem, then why have only 8,000 people nationwide so far signed up for the new high-risk pools included in Obamacare to provide coverage to those denied insurance until the new rules take effect in 2014?

The truth is that the issue of preexisting-condition exclusions is yet another example in Obamacare where Congress focused on a small (though legitimate) problem with the current health system and, rather than enacting a modest and sensible solution, instead used the problem to justify an ideologically motivated, sweeping, and disruptive policy change that creates new and bigger problems than the one Congress claimed to be solving.

This latest report from HHS should be seen for what it really is: a wild and desperate last-ditch attempt to defend an indefensible policy.








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The Assault on Drilling Is Onshore, Too

Gas prices are nearly 40 cents per gallon higher than what they were last year and show no sign of falling any time soon. Although there are plenty of ideas that could help lower prices, the Obama Administration is doing much more harm than good.

We've written in great detail about the Obama Administration's attack on offshore drilling. They announced that the eastern Gulf of Mexico and the Atlantic and Pacific coasts will not be part of the government's 2012–2017 Outer Continental Shelf program, effectively banning drilling in those areas for the next seven years. Permits in the areas we can drill are down considerably, and the President's oil spill commission report recommends new fees and tighter regulations moving forward. As a result, our financially strapped government is unable to collect billions in potential oil revenue.

But the news onshore doesn't get much better. Federal leasing of oil and gas exploration in the western United States has dropped significantly in the past two years. According to data compiled by the Western Energy Alliance:

• Bureau of Land Management (BLM) offices in Colorado, Montana, New Mexico, North Dakota, Utah, and Wyoming issued 531 leases in fiscal year (FY) 2010, a 79 percent drop from the 2,499 leases issued in FY2005;
• Since FY 2005, BLM has offered 60 percent fewer parcels and 70 percent fewer acres;
• Leasing revenue dropped 46 percent, from $189.6 million in FY 2005 to $101.6 million in FY 2010;
• Since 1984, total leases in effect in the West declined 52 percent and acreage declined 61 percent;
• BLM sold 75 percent fewer acres in FY 2010 than it did in FY 2005;
• In the first two years of the Obama Administration, DOI issued 76 percent fewer acres than the first two years of the Clinton Administration and 71 percent fewer acres than the first two years of the Bush Administration; and
• Revenue from onshore federal royalties, rents, and bonuses declined from $4.2 billion to $2.8 billion between 2008 and 2010, a 33 percent decrease.

A logical energy policy that would expand supply, create jobs, and bring in revenue to federal and state government would remove the government restrictions that prevent making full use of the oil, natural gas, and other energy resources onshore and offshore in the U.S. How high will gas prices reach before the Administration reverses its destructive energy policies?








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Another Obamunist Busted for Violent Threats

Uh oh, it looks like we've finally found an example of what the liberal media/political establishment has been warning about so stridently — a rabid right-winger spouting inflammatory rhetoric and threatening violence:

A New York money manager with a long history of legal battles with the government has been charged with threatening to kill 47 U.S. officials, including the nation's top securities and commodities regulators.
Vincent McCrudden, 49, last month allegedly posted online an "execution list" naming officials, including Securities and Exchange Commission Chairman Mary Schapiro and Commodity Futures Trading Commission Chairman Gary Gensler.
Federal prosecutors said the threat came shortly after the CFTC brought an enforcement action accusing the former commodities trader and two of his companies with operating unregistered investments.
McCrudden threatened officials in emails and web postings at the SEC, CFTC, the Financial Industry Regulatory Authority and the National Futures Association, authorities said.
"Go buy a gun, and lets get to work in taking back our country from these criminals," McCrudden allegedly wrote, in a statement calling for the four regulators to be abolished. "I will be the first one to lead by example." …
McCrudden has worked on Wall Street for more than 20 years, specializing in commodities, derivatives and foreign exchange, according to his biography on the website of his company, Alnbri Management LLC.

The right-wing capitalist maniac! But wait… from CampaignMoney.com:

vincent-mccrudden-contribution.gif

Too bad, the media almost had a big story here.

On a tip from Hail the Amberlamps!








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Hawaii Governor Tries and Fails to Find Obama's Birth Certificate

Two years into the rule of the Manchurian Moonbat, we have finally established one thing about his mysterious background: despite pugnacious promises to quell the "birthers" (i.e., people who want to know why so much of Obama's past is kept secret from the public), not even the Governor of Hawaii can find his birth certificate. From an interview with Neil Abercrombie in the Honolulu Star-Advertiser:

Q: You stirred up quite a controversy with your comments regarding birthers and your plans to release more information regarding President Barack Obama's birth certificate. How is that coming?
A: …it has a political implication for 2012 that we simply cannot have.
(Abercrombie said there is a recording of the birth in the State Archives and he wants to use that.)
It was actually written I am told, this is what our investigation is showing, it actually exists in the archives, written down …
…What I can do, and all I have ever said, is that I am going to see to it as governor that I can verify to anyone who is honest about it that this is the case.

That is, if there is a genuine long-form birth certificate, not even the Democrat Governor of Hawaii has been able to gain access to it. A recording in the state archives is worth no more than the short form birth certificate that proves nothing. It seems unlikely that the Moonbat Messiah wasn't born in Hawaii, but it also seems unlikely that he would spend as much as $1.4 million to keep the birth certificate suppressed if he didn't have something interesting to hide.

billboard-birth-certificate.jpg
We may never know.

On tips from Mats and RICH. Hat tips: Sad Hill News, Conservative Blogs Central, Weasel Zippers, WND.








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Figures. Democrats Move to Block Investigation of Manipulated Global Warming Junk Science Data


(Ranaalok's Blog)

We all knew it was a scam.
Now democrats in Virginia have moved to block an investigation into global warming junk science data.
WTOP reported:

A power struggle is unfolding in Virginia over climate change research.

Attorney General Ken Cuccinelli has been taking the University of Virginia to court to get information on a climate change researcher who once worked at the school.

Now several members of the State Assembly say they've had enough and have introduced legislation to rein in Cuccinelli's investigation.

Cuccinelli, a global warming skeptic, is looking into whether UVA professor Michael Mann manipulated data to show that there has been a rapid, recent rise in the Earth's temperature.

Democratic Sens. Donald McEachin of Henrico and Chap Petersen of Fairfax County say their bills won't give blanket immunity to colleges to defraud the state, but they would curb politically motivated probes.

McEachin and Petersen, both lawyers, said Cuccinelli had abused the authority the office obtained under a 2002 law.

Their legislation would force Cuccinelli to sue and obtain subpoenas as is required of other civil litigation.








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200 Top Economists Urge Congress to Repeal Job Killing Destroying Obamacare Bill

200 top economists, including two former directors of the CBO, sent a letter to lawmakers urging them to repeal Obamacare.
The said the democrat's bill is a job-killer destroyer.
CNS News reported:

As the House prepares debate on the future of the $1 trillion health care overhaul enacted last year, 200 economists have asked members of Congress to repeal the act.

"To promote job growth and help to restore the federal government to fiscal balance, we, the undersigned, feel that it would be beneficial to repeal and replace the Patient Protection and Affordable Care Act," the economists said in a letter to Congress.

"Too many Americans remain unemployed and the United States faces a daunting budgetary outlook. We believe the Patient Protection and Affordable Care Act is a threat to U.S. businesses and will place a crushing debt burden on future generations of Americans," they wrote.

The letter includes the signatures of Douglas Holtz-Eakin and June O'Neil, both former directors of the Congressional Budget Office; Arthur Laffer, the first chief economist for the Office of Management and Budget, Brian Wesbury, former chief economist of the Joint Economic Committee of the U.S. Congress; and William Niskanan, former chairman of the President's Council of Economic Advisors and chairman emeritus of the libertarian CATO Institute.








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Before banning 'crosshairs,' CNN used it to refer to Palin, Bachmann

CNN's John King is attracting a lot of notice -- and some ridicule -- in the blogosphere for his on-air apology after a guest used the word "crosshairs" during a report on Chicago politics Tuesday.  (The guest, a former Chicago reporter, referred to two rivals of mayoral candidate Rahm Emanuel, saying Emanuel is "in both of their crosshairs.")...

washingtonexaminer.com/blogs/beltway-confidential







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Rep. Sheila Jackson Lee, D-Texas: Health care repeal violates the Fifth Amendment or something

Remember when Democrats groaned about how the new GOP House leadership's decision to begin the new Congress with the reading of the Constitution was an unnecessary publicity stunt? Yeah: Arguing that the Commerce Clause provides the constitutional basis for ObamaCare, Jackson Lee said repealing the law by passing Republicans' H.R. 2 violates both...

washingtonexaminer.com/blogs/beltway-confidential







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