The pursuit of Constitutionally grounded governance, freedom
and individual liberty
"There
is but one straight course, and that is to seek truth and pursue it
steadily." --George
Washington
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The Great American Exceptionalism
has withered away, its survival capability choked by false promises.
Most Americans accumulating debt faster than they're saving
for retirement ... A majority of Americans with
401(k)-type savings accounts are accumulating debt faster than they are setting
aside money for retirement, further undermining the nation's troubled system
for old-age saving, a new report has found. Three in five workers with defined contribution accounts are "debt
savers," according to the report released Thursday, meaning their
increasing mortgages, credit card balances and installment loans are outpacing
the amount of money they are able to save for retirement. – The Washington Post
We must to do something about this
savings problem.
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Central Banks Drop Tightening Talk
as Easy Money Enters 2014 ... Bank of England Governor Mark Carney talks about
changes to the central bank's money-market operations aimed at widening access
and cutting the cost of liquidity insurance to the financial system ... Bank of
England Governor Mark Carney speaks about the U.K. economy and the central
bank's policies ... The Bank of Canada's dropping of language about the need
for future interest-rate increases and today's decisions by central banks in
Norway, Sweden and the Philippines to leave their rates on hold, unite them
with counterparts in reinforcing rather than retracting loose monetary policy.
The Federal Reserve delayed a pullback in asset purchases, while emerging
markets from Hungary to Chile (CHOVCHOV) cut borrowing costs in the past two
months. "We are at the cusp of another round of global monetary
easing," said Joachim Fels, co-chief global economist at Morgan Stanley in
London. – Bloomberg
Are you a Keynesian? So many seem
to be. Do you really believe that a properly functioning, mathematically
literate approach to high finance can salvage what's left of the financial
systems of the US, the West, the entire world?
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Soros backs pro-Hillary super-PAC
Democratic
mega-donor George Soros is backing a super-PAC dedicated to electing former
Secretary of State Hillary Clinton as president in 2016. The super-PAC, Ready
for Hillary, tweeted on Thursday that Soros would serve as one of the co-chairs
of the group's national finance council.
Soros, a billionaire hedge fund manager who has launched a number of liberal advocacy groups, has pledged $25,000 to the PAC, according to Reuters.
Soros, a billionaire hedge fund manager who has launched a number of liberal advocacy groups, has pledged $25,000 to the PAC, according to Reuters.
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Census
Bureau: Means-Tested Gov't Benefit Recipients Outnumber Full-Time Year-Round
Workers (CNSNews.com)
Americans who were recipients of
means-tested government benefits in 2011 outnumbered year-round full-time
workers, according to data released this month by the Census Bureau.
There were 108,592,000 people in the
United States in the fourth quarter of 2011 who were recipients of one or more
means-tested government benefit programs, the Census Bureau said in data
released this week. Meanwhile, according to the Census Bureau,
there were 101,716,000 people who worked full-time year round in 2011. That
included both private-sector and government workers.
That means there were about 1.07
people getting some form of means-tested government benefit for every 1 person
working full-time year round.
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Proving Media Bias: Prager University
A must watch video
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Owners of individual
health-insurance policies already have received more than 1 million
cancellation notices, according to a compilation of news reports. But the pain likely won’t end there. Health-policy expert Bob
Laszewski has concluded that about 16 million
Americans will lose their current plans because of Obamacare. Laszewski
explained that about 19 million Americans
are in the individual health insurance market. “Because the Obama
administration’s regulations on grandfathering existing plans were so stringent
about 85 percent of those, 16 million, are not grandfathered and must comply
with Obamacare at their next renewal,” he said.
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During Thursday’s congressional
hearing with the contractors responsible for building the troubled ObamaCare
federal exchanges, we learned that whether you end up enrolling in ObamaCare or
not, no one who puts any information into the ObamaCare website can expect to
have their privacy protected. Moreover, the fact that you are giving up
your right to privacy is hidden in source code that reads, “You have no
reasonable expectation of privacy regarding any communication of any data
transmitted or stored on this information system.”
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HealthCare.gov:
Hope and Change in Action By
Marta H. Mossburg
Instinctively I always agreed with William F. Buckley Jr. that, "I should sooner live in a society governed by the first two thousand names in the Boston telephone directory than in a society governed by the two thousand faculty members of Harvard University." Watching the implosion of HealthCare.gov, I now know it for a fact.
Would those first 2,000 people have the temerity to waste half a billion dollars on an IT infrastructure that doesn't work remotely as advertised and then blame political opposition that had no part in its creation for its failure?
Instinctively I always agreed with William F. Buckley Jr. that, "I should sooner live in a society governed by the first two thousand names in the Boston telephone directory than in a society governed by the two thousand faculty members of Harvard University." Watching the implosion of HealthCare.gov, I now know it for a fact.
Would those first 2,000 people have the temerity to waste half a billion dollars on an IT infrastructure that doesn't work remotely as advertised and then blame political opposition that had no part in its creation for its failure?
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