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What a sad end for a "Gangster" - getting gunned down in a cheap-as-chips family restaurant.…
Posted in: Former gang member shot dead in Denny's restaurant in Chiba
Houston...we have lift off. (Of Sony profits that is...) I still remember having to sing "The…
Posted in: Remembering
What originality comes out of China? everything is copied.. Everything in the world was originally invented…
Cant people stay away from "NO THEM BUSSINESS"?
Posted in: Yukina Kinoshita announces she is 4 months pregnant
Utrack Sorry, but crying twice won't help much.
Posted in: Official defends secrecy over worst-case nuclear disaster scenario
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OldGeezer
With all of the various opinions about the matter, few ask about how this might affect the rank-and-file. Military service is not a right and the military is not some sort of social club. Good order and discipline are essential to operations, particularly in the face of the enemy. While there will always be the "bottom 10%" (not literal) that behave in a manner unbecoming, the last thing we need is for politicians (both in and out of uniform) to decide to submerge the military in some social experiment.
Posted in: Top U.S. Army, Air Force warn against lifting gay ban too quickly
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OldGeezer
Joseph Stack was apparently not a registered voter in Texas, hardly indicative of a political activist. Moreover, his "manifesto" appeared to indicate strong leftist leanings, lambasting the previous President as a "puppet", bashing corporations, the wealthy, drug and insurance companies, as well as lamenting the lack of progress on health care reform. In general, his positions were very much contrary to the beliefs of the Tea Bag Party, with the exception that he hated the current tax system.
Posted in: Man, angry at IRS, crashes small plane into Texas building
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OldGeezer
yabits,
It is improper to merely compare on the basis of % change in debt as going from $10 to $100 is a tenfold increase, as a $90 change in debt to someone earning $1000 a year does not have the same consequences to someone earning $2000 a year. That is why I also included debt as a percentage of GDP, the economic measurement of production.
Posted in: Obama pleads for civility, cooperation in politics
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OldGeezer
yabits,
In your mind, having "Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States", to "make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof", as well as the power to "make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof", does not constitute all aspects of controlling the purse strings?
From the 1921 Budget and Accounting Act to modern times, the President's budget is still a proposed budget and is named as such by Congress and the White House (including in budget documents themselves). The President still requests a budget and Congress decides what the budget will be, period. The President will typically request what he thinks the Congress will allocate (or can be persuaded to allocate). It doesn't work the other way around.
It's interesting to note that from 1982-1989, the percent of GDP that the Federal Deficit consisted of averaged 4.3%. The current proposed budgets for 2010-2014 average a Federal Deficit of 4.7% of GDP (assuming everything goes well). The year-end Federal Debt from 1981-1988, grew an average of $211.5 billion. The year-end Federal Debt from 2009-2012, is projected to grow an average of $1.2 trillion / $1,191.9 billion (assuming that everything goes well).
Someone asking for civility and cooperation should be civil and cooperative. Civility and cooperation is a two-way street.
Posted in: Obama pleads for civility, cooperation in politics
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OldGeezer
BTW, I do not exonerate Presidents from their role in the Federal debt as they could veto Congress's budget. Yes, it's likely that Congress would simply overrule it, but it remains that signing the budget means that President endorses it, be it halfheartedly or wholeheartedly.
Posted in: Obama pleads for civility, cooperation in politics
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OldGeezer
It's not semantics. It's a budget recommendation / proposal since Congress can, if it so chooses, completely ignore the President's proposed budget and often makes very significant changes to the proposed budget. It is Congress that controls the purse strings, period.
Posted in: Obama pleads for civility, cooperation in politics
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OldGeezer
Correction Federal debt accrued from (estimated 2009 - 2012): $6.58 trillion Total Federal Debt (estimated EOY 2009): $12.87 trillion Total Federal Debt (estimated EOY 2012): $16.57 trillion
Posted in: Obama pleads for civility, cooperation in politics
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OldGeezer
Incorrect. The President makes budgetary recommendations and Congress makes the actual budget. The President can sign or veto Congress's budget, but it is Congress that controls the purse strings.
BTW, according the President's own proposed budget, the total federal debt to be incurred during his first term (2009 - 2013), assuming Congress's actual budgets do not exceed expectations, will be $6.58 trillion. However, the programs that his administration are pushing would increase the debt far beyond that measurement.
Posted in: Obama pleads for civility, cooperation in politics
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OldGeezer
Both auto-manufacturing and finance executives travel via private jet... as do certain union bosses (to the tune of $1.8 million in 2006 for one machinist union). Conspicuous consumption is not warrant for financial punishment, but neither should it warrant special treatment. They simply should not have been bailed out in the first place. They should have been liquidated and parted out. "Too big to fail" really means "too big to adapt." Even the biggest fish in the sea die eventually and their carcasses feed the fish that are leaner and meaner. Government intervention disturbs the financial cycle by keeping institutions alive whose time has passed.
Posted in: Obama playing banks against taxpayers
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OldGeezer
As mentioned in the article, the companies that aren't likely to pay back the loans anytime soon (e.g. GM and Chrysler), aren't going to get hit with the tax. Of course, now that the unions have a big chunk of two of the "Big Three" (at the expense of the original creditors), there's no chance that this administration is going to cross them, particularly since this next election cycle is going to be very tough on their political party. Of course the consumer/taxpayer is going to be the one ultimately footing the bill.
Posted in: Obama playing banks against taxpayers
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OldGeezer
I normally stand by while other folks get riled up over this stuff, but I thought this it was a funny statement. As I see it, you don't need to be married in order to love your "significant other". Moreover, you don't even need to be married to have the same legal benefits. The ring and titles husband and wife are pretty much social niceties that people use to avoid getting labeled as "immoral". As such, it seems to me that getting married will offer no such benefit to homosexual couples as American society in general still regards such relationships as immoral, whatever you call it.
Getting the rest of society to call your relationship a "marriage" does not create any real positives externalities, nor does it eliminate any real negative externalities. As such, there is no injustice that will be corrected by instituting gay marriage. Eliminating government involvement in marriage so it isn't even a legal institution is probably a wiser course of action, but I don't expect wisdom from the political activists.
Posted in: Groundbreaking gay marriage trial starts in California
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OldGeezer
adaydream,
That's not reasoning. That's campaign propaganda.
Posted in: Obama on terror threats: 'The buck stops with me'
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OldGeezer
adaydream,
RE: Guiliani
Of what consequence is the public "owning up"? Did Franklin D. Roosevelt take responsibility for Pearl Harbor? No, he did not. Public posturing does not matter. Which would you prefer: an unapologetic President that takes care of business or an apologetic one that does not? The Fort Hood Massacre should have woken up the administration, never mind the "smaller", but equally indicative attacks (both successful and unsuccessful) last year.
As with President Bush's failure to remove Rumsfeld, President Obama's failure to remove Napolitano indicates that there is no serious change in policy taking place. Yes, there are other appointees other than the Secretary of Homeland Security that need to be replaced, but the top is a good place to start.
Posted in: Obama on terror threats: 'The buck stops with me'
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OldGeezer
So long as the administration does not encourage another bubble, it shouldn't turn into a double-dip recession. However, we are looking at a long-term recession. They need to cannibalize failed institutions and stop propping up the federal GSEs. Fannie and Freddie represent ~$5 trillion in obligations that the United States government can not afford to take on in addition to its own obligations of ~$12.28 trillion. $250 billion for the GSE's... it's the tail wagging the dog. The taxpayer is paying for government corporations that lobby the very legislative body that is supposed to oversee them. Fannie Mae (2008): $3.86 million, Freddie Mac (2008): $5.81 million, Sallie Mae (2008): $2.58 million, etc. It's time to cut the purse strings.
Posted in: Obama refocuses on jobs after weak labor report
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OldGeezer
As I mentioned before, the stock market's performance is irrational as the fundamentals have not changed.
Consumer Credit in U.S. Drops Record $17.5 Billion in November
By Vincent Del Giudice
Jan. 8 (Bloomberg) -- Consumer credit in the U.S. dropped a record $17.5 billion in November as unemployment close to a 26- year high discouraged borrowing and banks limited access to loans.
The slump in credit to $2.46 trillion was more than anticipated and followed a revised $4.2 billion drop in October, Federal Reserve figures showed today in Washington. The median estimate of economists surveyed by Bloomberg News projected a decrease of $5 billion. The figures track credit card debt and non-revolving loans, such as those to buy autos. [...]
Posted in: Obama refocuses on jobs after weak labor report
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OldGeezer
[edit]"civilian criminal court" not "civil court."
Posted in: Obama says terror attack 'dots' not connected
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OldGeezer
Once again, the administration ignores legal precedence. Unlawful combatants (e.g. foreign terrorists) should be before a military tribunal, not a civil court.
Posted in: Obama says terror attack 'dots' not connected
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OldGeezer
Nebraska is a "deep red" state in which virtually every major state and federal representative has a (R) by their name. As such, he has to be very mindful of what Nebraskans think, if he's going to remain a Senator. He is considered to be a very moderate Democrat with a 28/100 "liberal" and 25/100 "conservative" rating. This makes him a "swing voter" in the Senate. He's going to be around for at least three more years, so Democrats can't afford to permanently alienate him, because he could change parties and continue winning reelections without DNC support.
Posted in: Holdout senator rejects abortion compromise
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OldGeezer
As an agnostic, I neither accept or reject theology, though I am skeptical. Simply put, I don't know what the answer is or whether there is an answer to the question of God(s) (or a separate spiritual existence). However, I do not mind if people practice their religion and give voice to their beliefs. Expression of belief does not necessarily translate into imposition of belief. Religious expression surrounds us; it is part of every society's culture. The vast majority of it is fairly innocuous, some of it is charming, and a bit of it can be annoying, but that's life. Live and let live.
For those observing their holy days: enjoy them and be of good cheer, just don't puke or relieve yourself in front of my stoop on the way home from your parties.
Posted in: Atheists at Christmas: Eat, drink and be wary
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OldGeezer
alphawolf,
Nations tend to take very good care of their national athletes who represent them on the world stage... communist countries, even more so. They are, after all, the biggest source of pride for their impoverished people, aside from their military.
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