This News of Import is long overdue, but with family stuff aplenty, the death of a loved one and so many other things going on not to mention that the crap hitting the fan is a routine occurrence under this WH administration.
To start with, let’s talk about
the average American, the debt ceiling controversy sounds like a very
frightening thing, in which failure to raise the debt ceiling is equivalent to
a default, to which Pres. Obama has gone out of his way to try and spook the
markets. If the giant bond funds like PIMCO and
Blackrock which own hundreds of billions in Treasuries of all maturities were
truly concerned about a cataclysmic event like a default, an orderly
liquidation of portfolios would already be underway and 10 year rates would be
going up and not down. Another barometer of bond market jitters is the interest
rate spread between our 10 year Treasury note and the German 10 year bond
referred to as the “Bund”. If the world was expecting turmoil in our treasury
market then that spread would be expected to widen because investors would sell
the falling Treasuries (rates go up) and buy the flight to safety instrument,
in this case the Bund’s (rates go down). Over the last couple of weeks that
spread has held steady, and in the last three or four sessions it has actually
contracted by 6 or 7 basis points. The same exercise with the 10 year British
instruments called Gilts yields similar results. A bond trader’s job is to
analyze credit, and the markets are speaking loudly that right now there is
ZERO worry of a U.S. government debt default.
If people in the know actually believed that Obama would fail to pay bondholders which is the law (Not that the law means anything to this admin as records show), despite taking in 5.5 times the amount of money he needs to pay the bondholders, U.S. bonds would be rated “junk bond” status and giant bondholders would be dumping them. It ain’t happening because we ain’t gonna default.
U.S. brings in $200 billion+ monthly in tax revenue. Interest payments on debt = $30 billion. We're not going to default.
What is a concern; The government cannot give to anybody anything that the
government does not first take from somebody else.
Machiavelli presents a world characterized by the principle of fortuna—a universe of chance and meaningless motion. And in such a universe, the ambitious man’s eros cannot be redirected towards a Good that does not exist.
Of the 17 shutdowns in America’s history, Democrats controlled the House during 15 and had charge of both chambers during eight. Five shutdowns happened under unified government! What stands out here is not the shutdown itself, but the president and Harry Reid’s public refusal even to engage with Republicans especially when he will have talks for the first time since 1979 with Iran along with other enemies of our country.
The Mainstream Media is not
covering this, but it is food for thought. SHUTDOWN DAYS: FORD: 10 CARTER: 57
REAGAN: 14 GHW BUSH: 3 CLINTON: 26 GW BUSH: 0 OBAMA: 16”
Networks blamed shutdown on GOP in 41 stories --- 0 for Dems
The United States has added two times more debt than wealth in the past two years
150 Straight Days: Treasury Says Debt Stood Still at $16,699,396,000,000 (This is a statistical impossibility)
Speaker Boehner BROKE THE HASTERT RULE last night. The Hastert rule states you must have a majority of the majority vote to bring a bill up for vote and with 144 Repubs voting NO this is a violation of the rule. This Bill was passed by the Democrats and 87 Repubs who rejected the will of the people.
What's with the Dems and traitorous 87 Repubs not including the abomination of a Senate? Don't they care we have 17 trillion dollars in debt? Don't they have children? In reality it is all about power.
Shutdown Over: House and Senate Easily Pass Reid-McConnell Deal
UPDATE: House passes compromise 285-144 with the backing of 87 Republicans.
You're in good company, Barack Obama. King George III didn't like those pesky pamphleteers either.
Obama Includes Attack on Bloggers, Talk Radio and the First Amendment in His Shutdown Touchdown Dance (Video)
Official White House Message:
President Obama: "You don’t like a particular policy, or a particular President, then argue for your position and win an election."
The White House (@WhiteHouse) October 17, 2013
Senate Debt Deal Weakens Congress on Debt Ceiling
Report: American Women Selling Hair, Breast Milk, Eggs to Make Ends Meet
Far Left Bloomberg: http://www.bloomberg.com/news/2013-10-15/bodies-double-as-cash-machines-with-u-s-income-lagging-economy.html
Study: Food Stamps Most Rapidly Growing Welfare Program
Expert: ‘There’s very little bang for all this increased buck’
DOJ Forces College Menu Change: Food Allergy is a Disability
Bungling bureaucrats dole out billions in tax credits to illegal immigrants
Billions in payments overlooked by agency’s leaders, Congress
Unions Asks for Shutdown to Be Deemed an Emergency
Union boss calls for employees to be allowed to skip loan payments, receive free gas
Harry Reid in his own Video Words
Harry Reid: Forget Constituents, We Serve the Government (Video)
Reid: ‘Why Would We Want To’ Help One Kid With Cancer? (Video)
Pelosi on Reid: 'Master at Work' (Video)
EBT Debit Card System Down In 17 States Briefly
Liberal CBS: http://boston.cbslocal.com/2013/10/12/computer-upgrade-blamed-for-nationwide-ebt-system-shutdown-on-saturday/
‘Thieves and Animals’: Glenn Beck Unloads Over Food Stamp ‘Glitch’ That Led to Walmart Ransacking
Los Angeles welfare bum threatens riot over EBT failure (Video)
States across the country are being told to stop the supplemental nutrition assistance program for the month of November, pending further notice.
Obama campaign donor heads Canadian firm that built Obamacare’s website
I mention this as if the software was free, why we millions? This "?" is rhetorical of course.
Obamacare Website Violates Licensing Agreement for Copyrighted Software
Company to pursue action against HHS for using copyrighted web script.
Socialized medicine’s class system
Obamacare Navigator Director Is an Illegal Immigrant
How Government Prolonged the Depression
Obama to Wall Street: This time be worried (Video) When have you heard of a president trying to cause a collapse in the market? A thought to ponder.
NPR Admits: 'They're Begging Markets to React'
HHS Sec. Sebelius: We Are Bringing Western Civilization to Its Knees With O-Care (Video)
Obamacare ‘navigator’ has warrant out for her arrest
According to conservative website The Daily Caller, Rosilyn Wells has an outstanding arrest warrant in Kansas. Wells is currently working as an Affordable Care Act navigator — a local resource for the new health care law.
Ex-ACORN operatives collecting taxpayer money to push ObamaCare
Navigating ObamaCare Outrage
How dare anyone ask anything about the law's implementation.
‘We Are Marching to the White House’: ‘Million Vet March’ Descends on Washington, Barricades Torn Down
PHOTOS: Veterans Overrun the Barricades, Liberate the Memorials in Washington!
Hyper-Partisan President Obama Violates Hatch Act To Attack Political Opponents With Government/DoD Mass E-Mail Communication
The American Spectator has in its possession a construct of an e-mail sent by President Obama and DoD Secretary Hagle to all military members attacking Republican opposition to his agenda and the Government Shutdown. A clear violation of the Hatch Act.
“Military and civilian employees of the federal government are absolutely prohibited from using government supplies, equipment, communication systems and facilities in any political activity.” (DoD Memo)
COPS VS. VETERANS:
Mounted police, helicopters, armored cars deployed as veterans protest Obama's shutdown theater
Tea party activists, cops clash at ‘Million Vet March’ (Video)
D.C. Metro Police Officers Pull American Flag From Protesting Veteran (Video)
Shutdown Shame: Denying Troop Death Benefits
Funding Jihadists while Denying Military Benefits
Remains of 274 Troops Reportedly Dumped in Virginia Landfill
Almost half a billion for public broadcasting, but nothing for families of fallen troops
Yet we have this fact!
Record 90,473,000 no Longer in Labor Force
The IRS Scandal continues and involves:
At least 292 conservative groups targeted
At least 5 pro-Israel groups targeted
Constitutional groups targeted
Groups that criticized Obama administration were targeted
At least two pro-life groups targeted
A Texas voting-rights group was targeted
Conservative activists and businesses were targeted.
At least 88 IRS agents were involved in the targeting scandal
At least one conservative Hispanic group was targeted
IRS continued to target groups even after the scandal was exposed
IRS Officials Sent Confidential Tax Info to Private Email Accounts
Official Letter: http://freebeacon.com/wp-content/uploads/2013/10/2013-09-30-DEI-Jordan-to-Werfel-IRS-Non-official-email-tax-exempt-a....pdf
IRS Officials Counseled White House on Contraception Mandate
Sent confidential taxpayer info, redaction indicates
Emails (Congressional Testimony): http://issa.house.gov/wp-content/uploads/2013/10/Hall-Ingram-WH.pdf
This is a related News Story to the IRS and many other scandals in the Govt.
Glenn Beck Reveals a Story He Hasn’t Been Able to Share for Over a Year
Obamacare personal data used for law enforcement and to collect taxes
Recent College Grad Claims Obamacare Has 'Raped My Future'
The National Park Service is allowing an Oct. 8 pro-immigration rally on the national mall, even as it posts pickets and barriers to bar Americans from visiting their open-air memorials.
Obama OK’s illegals’ march on Mall, still blocks Americans
Obama hides aid for criminals in immigration bill
E-Verify is the newest victim of the government shutdown
Americans cross Obama’s parkway barriers
Department of Energy Discriminated Against Veterans
Whistleblowers faced retaliation
Committee Reveals Widespread Disability Scheme
Lawyer made millions off of fraudulent disability claims
Obama's Successful Foreign Failure
The president may look incompetent on Syria. But his behavior fits his strategy to weaken America abroad.
Canadian Muslims Protest 'Honor Killing' Label as Racist
Civilization Jihad Is the New Threat Posed by Muslim Brotherhood Inside America, Terrorism Experts Say
DHS Muslim Advisor Admits Islamist Ties
Muslim Jurists of America Urge Hostility to U.S. Legal System
The Assembly of Muslim Jurists of America (AMJA) declares that the only legitimate law according to Islam is sharia and urges American Muslims to nurture hostility towards U.S. law. The document, which was written in 2007 and presented at a 2008 Houston imams conference, makes clear that the AMJA’s ultimate goal, as described by scholar of Islam, Andrew Bosom, “is nothing less than the eventual subversion of the American legal system” to Islamic law (sharia).
Sharia in France: Journalist faces criminal trial for questioning Islam during radio debate
This is Islamic law: brutal, unforgiving, inhumane, and taking over Europe. Criticizing or offending Islam is blasphemy, and so the trials continue in Europe.
No More Sleeveless T-Shirts: Islamist Police Enforcing Sharia in Nigeria
Child Marriage Comes to Australia
The horrific crime is endorsed by nothing less than the example of Muhammad himself.
End of News of Import 10-17-2013