Federal but not state. But that should just take a few minutes in the morning.
Have any of you ever looked at the worksheet you have to use to calculate how much tax you have to pay on social security when you have other income. TERRIBLE, TERRIBLE, TERRIBLE
Yep, sure have. I remember when the law providing for taxation on SS changed during Reagan administration. I thought for sure that people would rake him over the coals. Crickets. Zip. Zilch. Nada. Until then, SS benefits had been tax free. I don’t understand why someone doesn’t bring this up now that the President has opened up the issue of tax changes. (I refuse to say “reform.” Talk about a misused word!)
SS beneficiaries have to pay payroll taxes on any earnings, even while receiving benefits. But, new earnings are added into the beneficiary’s life time earnings and the benefits are recomputed to produce a higher amount if possible. Taxing SS is just ridiculous. Here these guys go around saying they’re going to cut benefits so we can “all share the sacrifice” and to add insult to injury, they want people to keep paying tax on their reduced benefits! Oy! NancyO
Key aspects of the FY2012 Democratic budget proposal can be found here. The full text of the proposal presented as an amendment to House Concurrent Resolution 34 is located here.
The Democratic budget proposal reduces the fiscal year budget deficits by $1.2 trillion more than the President’s budget proposal over ten years.
Projected fiscal year deficits under the Democratic budget proposal:
FEDERAL BUDGET REALITY CHECK 4.3 President Obama’s Fiscal Years Deficit Reduction Plan The President does not have a new long term deficit reduction plan. At best, he is proposing a framework from which he intends to “direct” or “manage” the budgetary activities of the House and Senate in the Congress. This is separate from his FY2012 Federal Budget proposal. Here is the President’s approach based on an April 13 release from the White House, the same day as the speech: “The President has asked Majority Leader Reid, Speaker Boehner, Minority Leader Pelosi and Minority Leader McConnell to each designate four Members from their caucuses to participate in bipartisan, bicameral negotiations led by the Vice President, beginning in early May. The goal of these negotiations is to agree on a legislative framework for comprehensive deficit reduction.” The President is well outside of his lane. He already had his commission. Game over. The President has no authority over the Congress, yet he is trying to retain budget control through the Biden meetings. His efforts may very well negatively impact the efforts of the Gang of Six and the normal budgetary process in the House and Senate, an observation that has been acknowledged by some Congressional observers. I listened to the President’s speech on Wednesday. I visited the White House website thereafter in search of the “new” long term fiscal years deficit reduction plan. It was nowhere to be found. First, a little background. The President met with the Vice President and Congressional leaders on Wednesday morning to discuss his “fiscal policy vision” prior to his afternoon speech. Information about the meeting was posted at 2:47 PM, after the President’s speech ended at 2:31 PM. Nothing of substance was provided in that White House blog entry, but additional information about the meeting appears to be included in a subsequent fact sheet which was released (discussed later). The White House provided a
I think we all remember Abu Graib. When it was discovered some of our troops had been a bit abusive to some prisoners and kept photos it was front page/lead story for weeks. The NY Times in fact had it on the front page for 34 straight days. The American press was aggressive in finding and displaying the pics. Many said the President and SecDef were personally responsible, etc. Investigation was demanded. Now we have troops pleading guilty to much, much worse: http://online.wsj.com/article/SB10001424052748703858404576215021086546638.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsForthand)
Paul Ryan is brave, honest, clean, reverent and kind. He is infinitely qualified to decide the economic future of America.
From Wikipedia:
“The youngest child of Betty and Paul Ryan Sr., a lawyer, Ryan was born and raised in Janesville, Wisconsin.[5][6] He is a fifth-generation Wisconsin and Janesville native and a great-grandson of Patrick W. Ryan, who founded the family’s construction business, Ryan Incorporated Central, in 1884.[7] When Ryan was sixteen his father died. Ryan collected his Social Security benefits until age eighteen, which he saved for college.[8] He worked for the family business as a marketing consultant in the 1990s.[9] Ryan has a sister, Janet, and two brothers, Tobin and Stan.[6] He attended Joseph A. Craig High School in Janesville and went on to graduate from Miami University in Oxford, Ohio with a B.A. in economics and political science in 1992 and is a member of the Delta Tau Delta fraternity. He worked in the voluntary sector as an economic analyst for Empower America.[10]” FreedomWorks is a conservativenon-profit organization based in Washington D.C., United States. FreedomWorks trains volunteers, assists in campaigns, and encourages them to mobilize, interacting with both fellow citizens and their […]
Paul Ryan is brave, honest, clean, reverent and kind. He is infinitely qualified to decide the economic future of America.
From Wikipedia:
“The youngest child of Betty and Paul Ryan Sr., a lawyer, Ryan was born and raised in Janesville, Wisconsin.[5][6] He is a fifth-generation Wisconsin and Janesville native and a great-grandson of Patrick W. Ryan, who founded the family’s construction business, Ryan Incorporated Central, in 1884.[7] When Ryan was sixteen his father died. Ryan collected his Social Security benefits until age eighteen, which he saved for college.[8] He worked for the family business as a marketing consultant in the 1990s.[9] Ryan has a sister, Janet, and two brothers, Tobin and Stan.[6] He attended Joseph A. Craig High School in Janesville and went on to graduate from Miami University in Oxford, Ohio with a B.A. in economics and political science in 1992 and is a member of the Delta Tau Delta fraternity. He worked in the voluntary sector as an economic analyst for Empower America.[10]” FreedomWorks is a conservativenon-profit organization based in Washington D.C., United States. FreedomWorks trains volunteers, assists in campaigns, and encourages them to mobilize, interacting with both fellow citizens and their […]
Paul Ryan is brave, honest, clean, reverent and kind. He is infinitely qualified to decide the economic future of America.
From Wikipedia:
“The youngest child of Betty and Paul Ryan Sr., a lawyer, Ryan was born and raised in Janesville, Wisconsin.[5][6] He is a fifth-generation Wisconsin and Janesville native and a great-grandson of Patrick W. Ryan, who founded the family’s construction business, Ryan Incorporated Central, in 1884.[7] When Ryan was sixteen his father died. Ryan collected his Social Security benefits until age eighteen, which he saved for college.[8] He worked for the family business as a marketing consultant in the 1990s.[9] Ryan has a sister, Janet, and two brothers, Tobin and Stan.[6] He attended Joseph A. Craig High School in Janesville and went on to graduate from Miami University in Oxford, Ohio with a B.A. in economics and political science in 1992 and is a member of the Delta Tau Delta fraternity. He worked in the voluntary sector as an economic analyst for Empower America.[10]” FreedomWorks is a conservativenon-profit organization based in Washington D.C., United States. FreedomWorks trains volunteers, assists in campaigns, and encourages them to mobilize, interacting with both fellow citizens and their […]
I assure you that it bothers me at least as much as it bothers you. I am using Mozilla Firefox and that is the extent of my knowledge of web posting. Thank you, MG.
I assure you that it bothers me at least as much as it bothers you. I am using Mozilla Firefox and that is the extent of my knowledge of web posting. Thank you, MG.
I assure you that it bothers me at least as much as it bothers you. I am using Mozilla Firefox and that is the extent of my knowledge of web posting. Thank you, MG.
Okay, now that I am apparrently Street Laegue, let me question, at least, one of MG’s victory lap guys, Pete Peterson.
Why in the hell would that asshole be supporting O’Bama’s sales pitch ?
Because Barry slipped in Pete’s agreement to make 3 cuts for every increase in taxes on his illegitamate income.
Richard Trumka is an aristocratic colored buff fluff from the golden age of the Unions ( Teamsters or United Steel Workers) I can’t recall.
Barry O’Bama is a very dangerous individual for we small folk. A protege of the big money, he has a gift to appear to embrace the Progressive ideals, but has failed to do so in actuality.
Paul Ryan shakes our chain, Barry and Pete and Steve and ….. give him the high sign that now is the time to strike.
Don’t get me wrong. I think the doinks in the Fire Departments, the Cops, and the Public Service Unions have sucked us dry (ala Scotty Walker) and should be fucked up.
I think Pete Peterson is one piece of work. I do not celebrate his head nod, like you do, MG. But I get the sence that you are an academic, and I accept your rejoice as an appropriate naive posture. USA USA
I didn’t “celebrate” Pete Peterson’s support of President Obama’s speech. I simply listed every statement of support posted at the White House website. Peterson happened to be one of the speech supporters. I captured all of them.
You can verify the list I compiled by visiting the White House website, but note that the statements of support are identified individually as separate entries (separate urls).
Thanks MG, I don’t mean to attack you, your posts always seem to increase my understanding of the situation. I mean to focus on this President, and to assuage my support of the Democratic Party, the Party of FDR and LBJ and JFK.
The community of FDR educated individuals, tend to focus on graphs, figures, measurements. Even as the gifts that our Great Grandparents left us. Sandi Weil, Robert Rubin, and Alan Greenspan were (IMO) bad, bad people. Not one of those pieces of work served a day dying`for the cause.
We as a generation suck, on the eve of the final “negotiation” about how much worth the person selling us Chinese products is worth. Not much, apparently. The poor asshole small businessman making $1 Million cant contribute to the Bush family masterbations ?
My Father, the only son of a widowed mother, and a smelterman, upped as an infrantryman in WW2. He was shot in the face and was awarded 2 Silver Stars and a Bronze Star along with his Purple Heart, bearing the likeness of George Washington. He was a Teamster stuart, a great Father, raising 7 children under the umbrella of America.
Why do we wantt to give this up. The charts you academios are watching are felonius. They simply measure the decline of our society, not the potential.
BTW, I do not support Obama’s latest “commission members” negotiations. I believe that he had his shot with the FY2012 Federal Budget. If he has anything further to offer, he should have a written plan drafted and forwarded to the Congress.
This idea of having the leadership of the Congress sucking up to Biden in a series of meetings is nonsense.
Sid Hughes died five weeks ago. Leo Miller told my Dad that he felt that he never knew, from day to day when he was going to croak. Sid and Leo were my Dad’s boyhood friends in the St. John’s Parish. Sid was a marine at Iwo Jima and Pelallegra (?).
Ange Miller called my Dad and told him that Leo was dead in the bathroom two days later. He just dropped dead on schedule at 86 years old. Leo was called blinky because of his nervous twitch which he told me was from the Japanese oil firebombing of the deck of the US carrier he served on in the US Navy in the Pacific during WW2. Leo was a gas station attendant at the Texaco on First and Front Streets.
They always called my Dad. Like the time that Bud Rice’s Black Lab came down with rabies. Bud loved the dog so much that he could not shoot him. So Dad had to go down the ally, with all us mud chickens following him, and shoot the animal.
I try to post relevant background information on given subjects without normally offering many opinions initially. My intention is to generate better informed blog conversations. I have no problem jumping in once the conversation takes off. Unfortunately, there are not very many AB readers sharing opinions on some subjects including the hot ones as evidenced in the news media, corporate world, or government.
The continuing resolution main post has a total of four comments of which two are from me. I don’t understand the lack of interest at AB. It makes no sense in light of the high level of conversations elsewhere. I find that disappointing.
I decided to post the Federal Budget Reality Check series in an effort to provide a reasonable level of knowledge with original source links for many of the main actions, plans, and related key analyses. This is the basic information that readers need if they have any interest in what is unfolding. I don’t believe that it does much good if readers primarily rely on blogger banter and news media articles to determine what they “think”. Just go to the source information and draw your own conclusions, or at least have the original information available as a reference.
I look forward to well informed conversations on a broad range of subjects including those I discuss in the FBRC series. I believe that beats the heck out of some of the standard rants one finds on many blogs. I don’t learn much if anything from many of those conversations.
Anyway, that’s why I posted the series of comment posts. Hope that it helps.
MG:I decided to post the Federal Budget Reality Check series in an effort to provide a reasonable level of knowledge with original source links for many of the main actions, plans, and related key analyses.
Perhaps, the Angry Bear blog is back water, not leading edge of economic thought. Paul Krugman we are not, Maybe we should not even try, but be exactly what we are. An open blog.
Not encumbered by, but appreciative at the same time of those brilliant folks offering exclusive thoughts, With feeling. I, personally, like to look at other blogs as a source and comment here from my heart. I probably have a completely different view of economics than you.
I try to post relevant background information on given subjects without normally offering many opinions initially. My intention is to generate better informed blog conversations. I have no problem jumping in once the conversation takes off. Unfortunately, there are not very many AB readers sharing opinions on some subjects including the hot ones as evidenced in the news media, corporate world, or government.
I look forward to well informed conversations on a broad range of subjects including those I discuss in the FBRC series
MG: Buddy.
The current thought in Economics is dogshit. Look where this country is, brother, The economics profession has been wrong for so long that they think the best way may be up ?
Why in the world would we want to interrupt intelligence with the crap that Harvard, and their wannabe’s (the world) are spewing ?
Perhaps, Angry Bear is the alternative to a world of uneducated econic professors spewing smoke from their assholes. Scientist, indeed.
To list endless columns of numbers is not to provide the facts of an issue. As the data piles higher and higher it becomes increasingly subject to the varying interpretations of the analysts who have one or another agenda to push forward. That some of those analysis come from government agencies does not free them from political bias. Note it is not necessarily the data that is invalid, but instead the assumptions drawn from such data. Further more, when data includes projections of future events it has then moved out from the realm of validity inot the sphere of presumption.
That is the issue I have when MG or CoRev provide endless columns of numbers to support a point. It is an attempt to add a sense of validity to another wise useless stream of data and attached to a biased view of, in this case, an economic issue. Also, note the obsequious use of the term Chairman when Sen. Ryan’s name appears and the notation of his chairmanship on the House Budget Committee. He’s the Chairman so he must be right? The man’s plan is a total joke and an insult to every working class American. He is nothing more than a sycophant to wealth and financial power. Hopefully the older Tea Braggers in Wisconsin will wake up one day soon and recognize that Ryan and his ilk are trying hard to get “their government hands on their Medicare.”
Speaking of taxes and all things corporate, here’s Gov. Rick Scott testifying in re Medicare fraud charges brought against his health insurance corporation. http://crooksandliars.com/john-amato/floridas-gov-rick-scott-plummets-polls– This man’s testimony purports to prove that he knew absolutely nothing, nothing at all about the ordinary methods of operation of the company he ran. He was drawing a mutltimillion dollar salary at the time for being the least well-informed CEO in the history of underwriting. Now he is the Governor of Florida.
I have seen plenty of people lie and so have you. Look at this guy’s face. Notice how mask-like his face is especially around the lips. Also, look at the smile in his eyes. This guy is not trying to conceal the fact that he’s lying–everyone in the room knows it. He is, however, not personally liable for anything he told other people to do. So, he thinks it’s hilarious that he’s getting away with at least $500 billon dollars worth of fraudulent Medicare claims.
Gov. Scott is now setting about to gut the Florida state govt, lay off IIRC 8K state workers, abolish their bargaining rights, get rid of a buncha State Patrol officers and privatize both Medicaid and public education. The voters have changed their minds about him. The state’s Republican Party is furious since he beat their candidate. But, they changed Florida’s constitution to permit the Governor to do pretty much what he wants when Jeb Bush was in office. Well, they got what they wanted. NancyO
In todays world Turbotax or the like are godsends. All be it that I use the forms method and not the interview method of turbotax. All of the calculation is done for you as if by magic. Had the taxes done by the end of Feb (could not start till mid feb waiting for the 1099s from the brokerage houses which don’t come out till then, they all get a reprive from the IRS because things change on reports to them).
One way we are COMPLETELY screwing ourselves economically is by restricting our production of oil, and wasting our money on “alternative” energy. Oil is the basic foundation of the economy. It is how we make things, heat things, cool things, and move things.
Here is a fascinating interview with the CEO of Chevron.
“No “Beyond Petroleum” (BP) for him. On energy, he says, America “has a lot to learn.”
“In theory, he says, “we’ve been running out of oil and gas for a long time,” yet technology creates new opportunities. Mr. Watson cites a Chevron field long in decline down the road in Bakersfield—to the point that for every 100 barrels of oil “in place,” the company was extracting only 10 or 20. But thanks to a new technology called steam flooding, Chevron is now getting 70 to 80 barrels. “Price creates incentive, and energy will be developed if there’s demand for it at the price you can develop it,” Mr. Watson says. In that sense, “oil and gas are plentiful.” Don’t believe it? Over the past 30 years, even as “peak oil” was a trendy theme, the world’s proven reserves of oil and natural gas increased 130%, to 2.5 trillion barrels. “
As for biofuels, “we would need to consume land the size of states” to hit the country’s current ethanol targets.
True enough, but I was responding to MG’s obsequious reference to Ryan. Look back to Sandi’s citation from Wikipedia. Ryan’s entire experience is within propaganda mills. His education is nothing that would imply an in depth understanding of economic history. Yes, we are represented by some of the least prepared and most offensively partisan scum.
Michigan is debating whether “Bridge Cards,” a debit card which can include general welfare cash grants, can be blocked from being used at casino ATMs.
It would be a major inconvenience. Cash grant recipients would have to stop at an ATM and then go to the casino. It could work out though, because cash grant recipients could use the ATM at the beer cave and stock up on beer, cigarettes and candy and then go the casino.
I see the abuse of these cards just about every time I go to the grocery. Drives same insane.
This is not so much about the money, I have been an advocate for increasing food stamp allowances for years. Plain old cash – not so much.
You were right in conversation at Economists view the other day.
I agree huge amount of fraud in government, particularly the military industry complex on both sides.
In your list you missed the large group of outright con artists, the ones who go after the few whistleblowers whose eyes are open and learn enough of the processes to see it..
Governor Walker applies more Shock Doctrine to Wisconsin: http://blogs.forbes.com/rickungar/2011/04/16/gov-scott-walker-reportedly-planning-financial-martial-law-in-wisconsin/
Numbers don’t lie, but a mountain of numbers can be used to support a distorted analysis of an issue. To do so they must throw enough numbers around so as to obscure the meaning of the data. Bury one’s distortions under a pile of data. The readers are disinclined to dig through all the information, especially so when most of that data is marginally useful. Every good reserch report ends with a “Summary and Analysis” section intended to draw together the meaning of all the data. If that’s missing of what value are all the citations?
I stated no opinion about Chairman Ryan’s proposal in my FBRC series post. That isn’t the purpose of the post. I have commented about the proposal separately.
You’re a bit lost on the purpose of the FBRC series of information posts. They’re not op-eds nor little main posts. I simply presented the background of what unfolded with the source. I could care less if you don’t like it. It strikes me that you don’t get it because of your normal emotional ranting and blind ignorance.
Jack – ” Yes, we are represented by some of the least prepared and most offensively partisan scum.”
You’re a BS artist. You throw all kinds of junk on the blog pages, can’t back it up, and then whine when counterpoints are presented.
As for crying about my FBRC series, I have only presented the facts in all but one of that series. I provided opinion in one such post, Obama’s overreach out of his lane.
I think Ryan’s Budget Resolution is all screwed up. But that is beside the point of your continued political nonsense and ranting, week after week.
They’re not my numbers. They’re the numbers provided by OMB, CBO, CBPP, House, Senate, GAO, and other Government or private professional entities.
I am only referencing their data if any numbers are provided in my comment posts.
You, thus far, have failed to understand the purpose of my FBRC series of comment posts. I am indicating where the source data is located. It’s up to readers, the handful who aren’t total deadbeats, to review the materials and make their own decisions about what they have read.
For all your complaining, I don’t see that you put forth much effort in most of your posts. Plenty of ranting, but not much more each week. For whatever reasons.
spencer, You don’t even understand the purpose of my FBRC series of comment posts. That is rather funny, in truth. You’re looking for an op-ed and that’s not what I am writing. What I have provided – and explained in doing so – are the original source documents that are driving news media discussions and some of the dribble that we see on the blogs. I am providing the historical record for others to reference as they may desire. My intention is not to write some cute little league fairytale nonsense or provide an op-ed. Instead, I am capturing the developments in Government on major matters that relate to current and projected Federal Budget issues. I am presenting a record that shows readers where the facts or original content are located. I am providing the background materials that main posters could use in developing interesting posts and the same materials for the foundation of similar discussions in Open Threads. If some of the main posters weren’t so lazy, we would have better coverage of these hot issues. Some of the background information that I have posted could be used to write some main posts, but Dan is saddled with what appears to be a lazy bunch of writers when it comes to those particular issues in terms of starting at the beginning with the source information.
I don’t need a journalism lecture from someone like you. You don’t even understand the purpose of the FBRC series of posts that I put together. And your writing skills aren’t the model to copy. I’ve seen better product from high school seniors and university freshmen. Try using a dictionary on occasion or review what you write before you throw it up on a blog. That would probably be the case if you actually cared about the presentations on Dan’s blog. Obviously, you don’t care.
Federal but not state. But that should just take a few minutes in the morning.
Have any of you ever looked at the worksheet you have to use to calculate how much tax you have to pay on social security when you have other income. TERRIBLE, TERRIBLE, TERRIBLE
Yep, sure have. I remember when the law providing for taxation on SS changed during Reagan administration. I thought for sure that people would rake him over the coals. Crickets. Zip. Zilch. Nada. Until then, SS benefits had been tax free. I don’t understand why someone doesn’t bring this up now that the President has opened up the issue of tax changes. (I refuse to say “reform.” Talk about a misused word!)
SS beneficiaries have to pay payroll taxes on any earnings, even while receiving benefits. But, new earnings are added into the beneficiary’s life time earnings and the benefits are recomputed to produce a higher amount if possible. Taxing SS is just ridiculous. Here these guys go around saying they’re going to cut benefits so we can “all share the sacrifice” and to add insult to injury, they want people to keep paying tax on their reduced benefits! Oy! NancyO
FEDERAL BUDGET REALITY CHECK 4.2
House Democratic Budget Proposal
Congressman Chris Van Hollen, Ranking Member on the House Budget Committee, introduced a House Democratic budget alternative for FY2012 on April 13.
Key aspects of the FY2012 Democratic budget proposal can be found here. The full text of the proposal presented as an amendment to House Concurrent Resolution 34 is located here.
The Democratic budget proposal reduces the fiscal year budget deficits by $1.2 trillion more than the President’s budget proposal over ten years.
Projected fiscal year deficits under the Democratic budget proposal:
2012 $1,181,627,000,000
2013 $916,327,000,000
2014 $771,492,000,000
2015 $724,804,000,000
2016 $783,044,000,000
2017 $778,175,000,000
2018 $739,797,000,000
2019 $791,201,000,000
2020 $818,457,000,000
2021 $831,329,000,000
FEDERAL BUDGET REALITY CHECK 4.3
President Obama’s Fiscal Years Deficit Reduction Plan
The President does not have a new long term deficit reduction plan. At best, he is proposing a framework from which he intends to “direct” or “manage” the budgetary activities of the House and Senate in the Congress. This is separate from his FY2012 Federal Budget proposal.
Here is the President’s approach based on an April 13 release from the White House, the same day as the speech: “The President has asked Majority Leader Reid, Speaker Boehner, Minority Leader Pelosi and Minority Leader McConnell to each designate four Members from their caucuses to participate in bipartisan, bicameral negotiations led by the Vice President, beginning in early May. The goal of these negotiations is to agree on a legislative framework for comprehensive deficit reduction.”
The President is well outside of his lane. He already had his commission. Game over. The President has no authority over the Congress, yet he is trying to retain budget control through the Biden meetings. His efforts may very well negatively impact the efforts of the Gang of Six and the normal budgetary process in the House and Senate, an observation that has been acknowledged by some Congressional observers.
I listened to the President’s speech on Wednesday. I visited the White House website thereafter in search of the “new” long term fiscal years deficit reduction plan. It was nowhere to be found.
First, a little background.
The President met with the Vice President and Congressional leaders on Wednesday morning to discuss his “fiscal policy vision” prior to his afternoon speech. Information about the meeting was posted at 2:47 PM, after the President’s speech ended at 2:31 PM. Nothing of substance was provided in that White House blog entry, but additional information about the meeting appears to be included in a subsequent fact sheet which was released (discussed later).
The White House provided a
Statements in support of the President’s April 13 speech
Eric Kingson, Strengthen Social Security Campaign Co-Chair
Richard Trumka, AFL-CIO President
Ron Pollack, Executive Director for Families USA
Peter Peterson, Chairman of the Peter G. Peterson Foundation
Gerald W. McEntee, President of the American Federation of State, County and Municipal Employees (AFSCME)
Six State Governors
Congressman Xavier Becerra
Senator Kent Conrad
Senator Mark Udall
Eight City Mayors
Abu Graib vs Killing Team
I think we all remember Abu Graib. When it was discovered some of our troops had been a bit abusive to some prisoners and kept photos it was front page/lead story for weeks. The NY Times in fact had it on the front page for 34 straight days. The American press was aggressive in finding and displaying the pics. Many said the President and SecDef were personally responsible, etc. Investigation was demanded.
Now we have troops pleading guilty to much, much worse: http://online.wsj.com/article/SB10001424052748703858404576215021086546638.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsForthand)
and most of our press is all but silent about it.
Paul Ryan is brave, honest, clean, reverent and kind. He is infinitely qualified to decide the economic future of America.
From Wikipedia:
“The youngest child of Betty and Paul Ryan Sr., a lawyer, Ryan was born and raised in Janesville, Wisconsin.[5][6] He is a fifth-generation Wisconsin and Janesville native and a great-grandson of Patrick W. Ryan, who founded the family’s construction business, Ryan Incorporated Central, in 1884.[7] When Ryan was sixteen his father died. Ryan collected his Social Security benefits until age eighteen, which he saved for college.[8] He worked for the family business as a marketing consultant in the 1990s.[9] Ryan has a sister, Janet, and two brothers, Tobin and Stan.[6]
He attended Joseph A. Craig High School in Janesville and went on to graduate from Miami University in Oxford, Ohio with a B.A. in economics and political science in 1992 and is a member of the Delta Tau Delta fraternity.
He worked in the voluntary sector as an economic analyst for Empower America.[10]”
FreedomWorks is a conservative non-profit organization based in Washington D.C., United States. FreedomWorks trains volunteers, assists in campaigns, and encourages them to mobilize, interacting with both fellow citizens and their […]
Paul Ryan is brave, honest, clean, reverent and kind. He is infinitely qualified to decide the economic future of America.
From Wikipedia:
“The youngest child of Betty and Paul Ryan Sr., a lawyer, Ryan was born and raised in Janesville, Wisconsin.[5][6] He is a fifth-generation Wisconsin and Janesville native and a great-grandson of Patrick W. Ryan, who founded the family’s construction business, Ryan Incorporated Central, in 1884.[7] When Ryan was sixteen his father died. Ryan collected his Social Security benefits until age eighteen, which he saved for college.[8] He worked for the family business as a marketing consultant in the 1990s.[9] Ryan has a sister, Janet, and two brothers, Tobin and Stan.[6]
He attended Joseph A. Craig High School in Janesville and went on to graduate from Miami University in Oxford, Ohio with a B.A. in economics and political science in 1992 and is a member of the Delta Tau Delta fraternity.
He worked in the voluntary sector as an economic analyst for Empower America.[10]”
FreedomWorks is a conservative non-profit organization based in Washington D.C., United States. FreedomWorks trains volunteers, assists in campaigns, and encourages them to mobilize, interacting with both fellow citizens and their […]
Paul Ryan is brave, honest, clean, reverent and kind. He is infinitely qualified to decide the economic future of America.
From Wikipedia:
“The youngest child of Betty and Paul Ryan Sr., a lawyer, Ryan was born and raised in Janesville, Wisconsin.[5][6] He is a fifth-generation Wisconsin and Janesville native and a great-grandson of Patrick W. Ryan, who founded the family’s construction business, Ryan Incorporated Central, in 1884.[7] When Ryan was sixteen his father died. Ryan collected his Social Security benefits until age eighteen, which he saved for college.[8] He worked for the family business as a marketing consultant in the 1990s.[9] Ryan has a sister, Janet, and two brothers, Tobin and Stan.[6]
He attended Joseph A. Craig High School in Janesville and went on to graduate from Miami University in Oxford, Ohio with a B.A. in economics and political science in 1992 and is a member of the Delta Tau Delta fraternity.
He worked in the voluntary sector as an economic analyst for Empower America.[10]”
FreedomWorks is a conservative non-profit organization based in Washington D.C., United States. FreedomWorks trains volunteers, assists in campaigns, and encourages them to mobilize, interacting with both fellow citizens and their […]
I assure you that it bothers me at least as much as it bothers you. I am using Mozilla Firefox and that is the extent of my knowledge of web posting. Thank you, MG.
I assure you that it bothers me at least as much as it bothers you. I am using Mozilla Firefox and that is the extent of my knowledge of web posting. Thank you, MG.
I assure you that it bothers me at least as much as it bothers you. I am using Mozilla Firefox and that is the extent of my knowledge of web posting. Thank you, MG.
Test MS Eplorer
Okay, now that I am apparrently Street Laegue, let me question, at least, one of MG’s victory lap guys, Pete Peterson.
Why in the hell would that asshole be supporting O’Bama’s sales pitch ?
Because Barry slipped in Pete’s agreement to make 3 cuts for every increase in taxes on his illegitamate income.
Richard Trumka is an aristocratic colored buff fluff from the golden age of the Unions ( Teamsters or United Steel Workers) I can’t recall.
Barry O’Bama is a very dangerous individual for we small folk. A protege of the big money, he has a gift to appear to embrace the Progressive ideals, but has failed to do so in actuality.
Paul Ryan shakes our chain, Barry and Pete and Steve and ….. give him the high sign that now is the time to strike.
Don’t get me wrong. I think the doinks in the Fire Departments, the Cops, and the Public Service Unions have sucked us dry (ala Scotty Walker) and should be fucked up.
I think Pete Peterson is one piece of work. I do not celebrate his head nod, like you do, MG. But I get the sence that you are an academic, and I accept your rejoice as an appropriate naive posture. USA USA
Sandi,
I didn’t “celebrate” Pete Peterson’s support of President Obama’s speech. I simply listed every statement of support posted at the White House website. Peterson happened to be one of the speech supporters. I captured all of them.
You can verify the list I compiled by visiting the White House website, but note that the statements of support are identified individually as separate entries (separate urls).
Thanks MG, I don’t mean to attack you, your posts always seem to increase my understanding of the situation. I mean to focus on this President, and to assuage my support of the Democratic Party, the Party of FDR and LBJ and JFK.
The community of FDR educated individuals, tend to focus on graphs, figures, measurements. Even as the gifts that our Great Grandparents left us. Sandi Weil, Robert Rubin, and Alan Greenspan were (IMO) bad, bad people. Not one of those pieces of work served a day dying`for the cause.
We as a generation suck, on the eve of the final “negotiation” about how much worth the person selling us Chinese products is worth. Not much, apparently. The poor asshole small businessman making $1 Million cant contribute to the Bush family masterbations ?
My Father, the only son of a widowed mother, and a smelterman, upped as an infrantryman in WW2. He was shot in the face and was awarded 2 Silver Stars and a Bronze Star along with his Purple Heart, bearing the likeness of George Washington. He was a Teamster stuart, a great Father, raising 7 children under the umbrella of America.
Why do we wantt to give this up. The charts you academios are watching are felonius. They simply measure the decline of our society, not the potential.
Sandi,
BTW, I do not support Obama’s latest “commission members” negotiations. I believe that he had his shot with the FY2012 Federal Budget. If he has anything further to offer, he should have a written plan drafted and forwarded to the Congress.
This idea of having the leadership of the Congress sucking up to Biden in a series of meetings is nonsense.
Sid Hughes died five weeks ago. Leo Miller told my Dad that he felt that he never knew, from day to day when he was going to croak. Sid and Leo were my Dad’s boyhood friends in the St. John’s Parish. Sid was a marine at Iwo Jima and Pelallegra (?).
Ange Miller called my Dad and told him that Leo was dead in the bathroom two days later. He just dropped dead on schedule at 86 years old. Leo was called blinky because of his nervous twitch which he told me was from the Japanese oil firebombing of the deck of the US carrier he served on in the US Navy in the Pacific during WW2. Leo was a gas station attendant at the Texaco on First and Front Streets.
They always called my Dad. Like the time that Bud Rice’s Black Lab came down with rabies. Bud loved the dog so much that he could not shoot him. So Dad had to go down the ally, with all us mud chickens following him, and shoot the animal.
America,
Sandi,
I try to post relevant background information on given subjects without normally offering many opinions initially. My intention is to generate better informed blog conversations. I have no problem jumping in once the conversation takes off. Unfortunately, there are not very many AB readers sharing opinions on some subjects including the hot ones as evidenced in the news media, corporate world, or government.
The continuing resolution main post has a total of four comments of which two are from me. I don’t understand the lack of interest at AB. It makes no sense in light of the high level of conversations elsewhere. I find that disappointing.
I decided to post the Federal Budget Reality Check series in an effort to provide a reasonable level of knowledge with original source links for many of the main actions, plans, and related key analyses. This is the basic information that readers need if they have any interest in what is unfolding. I don’t believe that it does much good if readers primarily rely on blogger banter and news media articles to determine what they “think”. Just go to the source information and draw your own conclusions, or at least have the original information available as a reference.
I look forward to well informed conversations on a broad range of subjects including those I discuss in the FBRC series. I believe that beats the heck out of some of the standard rants one finds on many blogs. I don’t learn much if anything from many of those conversations.
Anyway, that’s why I posted the series of comment posts. Hope that it helps.
I agree that we’re a pretty sorry generation. We will pay a huge price for it before it’s over. No one to blame but ourselves.
MG:I decided to post the Federal Budget Reality Check series in an effort to provide a reasonable level of knowledge with original source links for many of the main actions, plans, and related key analyses.
Perhaps, the Angry Bear blog is back water, not leading edge of economic thought. Paul Krugman we are not, Maybe we should not even try, but be exactly what we are. An open blog.
Not encumbered by, but appreciative at the same time of those brilliant folks offering exclusive thoughts, With feeling. I, personally, like to look at other blogs as a source and comment here from my heart. I probably have a completely different view of economics than you.
With best regards, Sandi (Ode to a Grasshopper)
Sandi,
I try to post relevant background information on given subjects without normally offering many opinions initially. My intention is to generate better informed blog conversations. I have no problem jumping in once the conversation takes off. Unfortunately, there are not very many AB readers sharing opinions on some subjects including the hot ones as evidenced in the news media, corporate world, or government.
I look forward to well informed conversations on a broad range of subjects including those I discuss in the FBRC series
MG: Buddy.
The current thought in Economics is dogshit. Look where this country is, brother, The economics profession has been wrong for so long that they think the best way may be up ?
Why in the world would we want to interrupt intelligence with the crap that Harvard, and their wannabe’s (the world) are spewing ?
Perhaps, Angry Bear is the alternative to a world of uneducated econic professors spewing smoke from their assholes. Scientist, indeed.
Prosser wins WI Supreme Court election by 7,300 votes after completion of vote canvassing.
Presidsent signs the 2011 budget continuing resolution.
House passes the Ryan 2012 Budget Resolution. Passage was pretty much on party lines.
To list endless columns of numbers is not to provide the facts of an issue. As the data piles higher and higher it becomes increasingly subject to the varying interpretations of the analysts who have one or another agenda to push forward. That some of those analysis come from government agencies does not free them from political bias. Note it is not necessarily the data that is invalid, but instead the assumptions drawn from such data. Further more, when data includes projections of future events it has then moved out from the realm of validity inot the sphere of presumption.
That is the issue I have when MG or CoRev provide endless columns of numbers to support a point. It is an attempt to add a sense of validity to another wise useless stream of data and attached to a biased view of, in this case, an economic issue. Also, note the obsequious use of the term Chairman when Sen. Ryan’s name appears and the notation of his chairmanship on the House Budget Committee. He’s the Chairman so he must be right? The man’s plan is a total joke and an insult to every working class American. He is nothing more than a sycophant to wealth and financial power. Hopefully the older Tea Braggers in Wisconsin will wake up one day soon and recognize that Ryan and his ilk are trying hard to get “their government hands on their Medicare.”
“insult to every working class American.”
Jack,
When in the past 30 years has the insulting been any less?
Reagan, MMT, WTO, voodoo economics and as NO observes gutting tax expenditures from the working class Americans………………
Governor Walker admits in sworn testimony that he did not campaign on union busting initiative and that it will not save the state any money.
House GOP members in swing districts update resumes and seek lobbying jobs after they are fired by electorate in Now 2012.
Nov 2012 not Now. Except for the ones subject to recall.
Speaking of taxes and all things corporate, here’s Gov. Rick Scott testifying in re Medicare fraud charges brought against his health insurance corporation.
http://crooksandliars.com/john-amato/floridas-gov-rick-scott-plummets-polls– This man’s testimony purports to prove that he knew absolutely nothing, nothing at all about the ordinary methods of operation of the company he ran. He was drawing a mutltimillion dollar salary at the time for being the least well-informed CEO in the history of underwriting. Now he is the Governor of Florida.
I have seen plenty of people lie and so have you. Look at this guy’s face. Notice how mask-like his face is especially around the lips. Also, look at the smile in his eyes. This guy is not trying to conceal the fact that he’s lying–everyone in the room knows it. He is, however, not personally liable for anything he told other people to do. So, he thinks it’s hilarious that he’s getting away with at least $500 billon dollars worth of fraudulent Medicare claims.
Gov. Scott is now setting about to gut the Florida state govt, lay off IIRC 8K state workers, abolish their bargaining rights, get rid of a buncha State Patrol officers and privatize both Medicaid and public education. The voters have changed their minds about him. The state’s Republican Party is furious since he beat their candidate. But, they changed Florida’s constitution to permit the Governor to do pretty much what he wants when Jeb Bush was in office. Well, they got what they wanted. NancyO
In todays world Turbotax or the like are godsends. All be it that I use the forms method and not the interview method of turbotax. All of the calculation is done for you as if by magic. Had the taxes done by the end of Feb (could not start till mid feb waiting for the 1099s from the brokerage houses which don’t come out till then, they all get a reprive from the IRS because things change on reports to them).
One way we are COMPLETELY screwing ourselves economically is by restricting our production of oil, and wasting our money on “alternative” energy. Oil is the basic foundation of the economy. It is how we make things, heat things, cool things, and move things.
Here is a fascinating interview with the CEO of Chevron.
“No “Beyond Petroleum” (BP) for him. On energy, he says, America “has a lot to learn.”
“In theory, he says, “we’ve been running out of oil and gas for a long time,” yet technology creates new opportunities. Mr. Watson cites a Chevron field long in decline down the road in Bakersfield—to the point that for every 100 barrels of oil “in place,” the company was extracting only 10 or 20. But thanks to a new technology called steam flooding, Chevron is now getting 70 to 80 barrels. “Price creates incentive, and energy will be developed if there’s demand for it at the price you can develop it,” Mr. Watson says. In that sense, “oil and gas are plentiful.”
Don’t believe it? Over the past 30 years, even as “peak oil” was a trendy theme, the world’s proven reserves of oil and natural gas increased 130%, to 2.5 trillion barrels. “
As for biofuels, “we would need to consume land the size of states” to hit the country’s current ethanol targets.
http://online.wsj.com/article/SB10001424052748704013604576248881417246502.html?mod=djemEditorialPage_h
True enough, but I was responding to MG’s obsequious reference to Ryan. Look back to Sandi’s citation from Wikipedia. Ryan’s entire experience is within propaganda mills. His education is nothing that would imply an in depth understanding of economic history. Yes, we are represented by some of the least prepared and most offensively partisan scum.
Why taxpayers get angry…..
Michigan is debating whether “Bridge Cards,” a debit card which can include general welfare cash grants, can be blocked from being used at casino ATMs.
It would be a major inconvenience. Cash grant recipients would have to stop at an ATM and then go to the casino. It could work out though, because cash grant recipients could use the ATM at the beer cave and stock up on beer, cigarettes and candy and then go the casino.
I see the abuse of these cards just about every time I go to the grocery. Drives same insane.
This is not so much about the money, I have been an advocate for increasing food stamp allowances for years. Plain old cash – not so much.
Rusty,
You were right in conversation at Economists view the other day.
I agree huge amount of fraud in government, particularly the military industry complex on both sides.
In your list you missed the large group of outright con artists, the ones who go after the few whistleblowers whose eyes are open and learn enough of the processes to see it..
“What’s the use of a fine house if you haven’t got a tolerable planet to put it on?” Thoreau
MG — haven’t you ever taken a writing course or a journalism class.
Long list of point after point after point after point after point is no way to get the readers interest or start a conservation.
Such writing clearly does not start a better informed conservation.
Look up a good journalism article on the five Ws of writing, it might help you some.
Remember the old saying is that if you can not make your point in three paragraphs it means you do not understand what you are talking about.
hear hear. concision. less is more.
Governor Walker applies more Shock Doctrine to Wisconsin: http://blogs.forbes.com/rickungar/2011/04/16/gov-scott-walker-reportedly-planning-financial-martial-law-in-wisconsin/
Numbers don’t lie, but a mountain of numbers can be used to support a distorted analysis of an issue. To do so they must throw enough numbers around so as to obscure the meaning of the data. Bury one’s distortions under a pile of data. The readers are disinclined to dig through all the information, especially so when most of that data is marginally useful. Every good reserch report ends with a “Summary and Analysis” section intended to draw together the meaning of all the data. If that’s missing of what value are all the citations?
Jack,
I stated no opinion about Chairman Ryan’s proposal in my FBRC series post. That isn’t the purpose of the post. I have commented about the proposal separately.
You’re a bit lost on the purpose of the FBRC series of information posts. They’re not op-eds nor little main posts. I simply presented the background of what unfolded with the source. I could care less if you don’t like it. It strikes me that you don’t get it because of your normal emotional ranting and blind ignorance.
Background facts are just that. The facts.
Jack – ” Yes, we are represented by some of the least prepared and most offensively partisan scum.”
You’re a BS artist. You throw all kinds of junk on the blog pages, can’t back it up, and then whine when counterpoints are presented.
As for crying about my FBRC series, I have only presented the facts in all but one of that series. I provided opinion in one such post, Obama’s overreach out of his lane.
I think Ryan’s Budget Resolution is all screwed up. But that is beside the point of your continued political nonsense and ranting, week after week.
Jack,
They’re not my numbers. They’re the numbers provided by OMB, CBO, CBPP, House, Senate, GAO, and other Government or private professional entities.
I am only referencing their data if any numbers are provided in my comment posts.
You, thus far, have failed to understand the purpose of my FBRC series of comment posts. I am indicating where the source data is located. It’s up to readers, the handful who aren’t total deadbeats, to review the materials and make their own decisions about what they have read.
For all your complaining, I don’t see that you put forth much effort in most of your posts. Plenty of ranting, but not much more each week. For whatever reasons.
spencer,
You don’t even understand the purpose of my FBRC series of comment posts. That is rather funny, in truth. You’re looking for an op-ed and that’s not what I am writing.
What I have provided – and explained in doing so – are the original source documents that are driving news media discussions and some of the dribble that we see on the blogs. I am providing the historical record for others to reference as they may desire.
My intention is not to write some cute little league fairytale nonsense or provide an op-ed. Instead, I am capturing the developments in Government on major matters that relate to current and projected Federal Budget issues. I am presenting a record that shows readers where the facts or original content are located.
I am providing the background materials that main posters could use in developing interesting posts and the same materials for the foundation of similar discussions in Open Threads. If some of the main posters weren’t so lazy, we would have better coverage of these hot issues. Some of the background information that I have posted could be used to write some main posts, but Dan is saddled with what appears to be a lazy bunch of writers when it comes to those particular issues in terms of starting at the beginning with the source information.
I don’t need a journalism lecture from someone like you. You don’t even understand the purpose of the FBRC series of posts that I put together. And your writing skills aren’t the model to copy. I’ve seen better product from high school seniors and university freshmen.
Try using a dictionary on occasion or review what you write before you throw it up on a blog. That would probably be the case if you actually cared about the presentations on Dan’s blog. Obviously, you don’t care.