Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘Government shutdown’

… They Want to Advertise ObamaCrapCare …

Posted by paulfromwloh on Wednesday,December 18th,2013

… and all they come up with is this megacrap …

... why this megacrap ?!?!  ...

… why this megacrap ?!?! …

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… Gotcha ! [Moody s Investors Services Shutdown & Default memo news]

Posted by paulfromwloh on Wednesday,October 9th,2013

… exactly as I thought ! …

… and this financial opinion comes from a professional financial firm …

.. SecTreas and POTUS were / are lying ..

..  Moody’s says that the U.S. Treasury Department can continue paying interest on the government’s debt even if Congress fails to raise the debt limit, preserving the nation’s sterling AAA credit rating.

.. In a memo being circulated on Capitol Hill Wednesday, Moody’s Investors Service offers “answers to frequently asked questions” about the government shutdown, now in its second week, and the federal debt limit. President Obama has said that, unless Congress acts to raise the $16.7 trillion limit by next Thursday, the nation will be at risk of default.

.. ” We believe the government would continue to pay interest and principal on its debt even in the event that the debt limit is not raised, leaving its creditworthiness intact,” the memo says. “The debt limit restricts government expenditures to the amount of its incoming revenues; it does not prohibit the government from servicing its debt. There is no direct connection between the debt limit (actually the exhaustion of the Treasury’s extraordinary measures to raise funds) and a default.

The Moody’s memo goes on to argue that the situation is actually much less serious than in 2011, when the nation last faced a pitched battle over the debt limit.

“The budget deficit was considerably larger in 2011 than it is currently, so the magnitude of the necessary spending cuts needed after 17 October is lower now than it was then,” the memo says.

Treasury Department officials did not immediately respond to requests for comment.

.. LEC again — Busted !! … Those idiots got caught in the act . Moodys , S&P (Standard & Poor s) , and others have done this stuff for centuries . They know their business , they do thorough research (legal & financial) , and know what they are talking about . I figured that something like this would emerge , but not from which firm , or when .

.. They want to protect their backers ‘  fannies . Also , their subscribers value this kind of info . It is what they are in this business for .

.. POTUS and SecTreas (Lew) should have known better . They have , or should have had , top legal minds to tell them this stuff . They went out , and lied about it , anyway ….

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… Spot On , Senator Paul …

Posted by paulfromwloh on Monday,October 7th,2013

.. I watched a clip of Senator Rand Paul [R-Ky] on Meet the DePressed , with one of NBC ‘ s non – resident twits trying to question

Official portrait of United States Senator (R-KY).

Official portrait of United States Senator (R-KY). (Photo credit: Wikipedia)

him .

.. I am amazed when these idiots try to even think of trying to hold an intellectual candle to people like Sen. Paul . For God ‘ s Sake , he is a medical doctor , and an opthamologist at that . Then these fools think that they can question him ???

video link to the clip [here]

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… the Faithful in Military Service [US Armed Forces] …

Posted by paulfromwloh on Saturday,October 5th,2013

.. their lives and faith continue , so , why can it be illegal for a military pastor to continue to do their job .

.. this is becoming waaaaay beyond petty . This is insane . If I were a military pastor , no matter what the faith , I would consider

The coat of arms of the Archdiocese for the Mi...

The coat of arms of the Archdiocese for the Military Services (Photo credit: Wikipedia)

this an immoral and illegal order . It would give me the legal right to disobey it . It would be a defense at a subsequent court – martial , if the pastor were prosecuted for disobeying an order …

.. from the Daily Caller

In a stunning development, some military priests are facing arrest if they celebrate mass or practice their faith on military bases during the federal government shutdown.

“With the government shutdown, many [government service] and contract priests who minister to Catholics on military bases worldwide are not permitted to work – not even to volunteer,” wrote John Schlageter, the general counsel for the Archdiocese for the Military Services USA, in an op-ed this week. “During the shutdown, it is illegal for them to minister on base and they risk being arrested if they attempt to do so.”

According to its website, the Archdiocese for the Military Services “provides the Catholic Church’s full range of pastoral ministries and spiritual services to those in the United States Armed Forces.”

In his piece, Schlageter worries about this restriction as Sunday nears. “If the government shutdown continues through the weekend, there will be no Catholic priest to celebrate Mass this Sunday in the chapels at some U.S. military installations where non-active-duty priests serve as government contractors,” he wrote.

Because of the lack of active-duty Catholic chaplains, the military relies on hiring civilian priests to serve as government service and contract ministers. Those civilian priests are not allowed on the bases during a shutdown, Schlageter wrote.

One Republican lawmaker on the House Intelligence Committee told The Daily Caller on Friday that this “crosses a constitutional line.”

“The constitutional rights of those who put their lives on the line for this nation do not end with a government slowdown,” Kansas Rep. Mike Pompeo, a graduate of West Point and an Army veteran, said in a Friday statement. ”It is completely irresponsible for the president to turn his back on every American’s First Amendment rights by furloughing military contract clergy.”

Added Pompeo: “The President’s strategy during the slowdown, just as during the sequestration, is to create as much pain as possible. However, this action crosses a constitutional line of obstructing every U.S. service member’s ability to practice his or her religion.”

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… POTUS is lying [Debt Default] …

Posted by paulfromwloh on Thursday,October 3rd,2013

.. right now , we are running a deficit of about $750 billion , in a budget of about $3,6 trillion . What that means is that we are running a deficit that is about a little less than 20.0% of revenue .

.. Yea , that is waaaay too high of a deficit . Ideally , we should be running a surplus . A surplus would be very helpful in paying down , and then paying off our national debt . Unfortunately , right now , we are not doing so . In order to run a surplus , we must first bring the budget into balance . That means bringing a simple equation together …

                                               spending + interest + debt principal = tax revenue + (zero * added debt)

.. yea , you got it , it is that simple .

.. But , is there enough money to pay the interest and principal on our nation ‘ s debt ? Hell , Yes . By plenty . There is too much money being spent on federal programs , relative to our tax revenue . I refer to it that way , instead of the other way , which is not having enough tax revenue , relative to our federal programs .

.. What about the Debt Limit ..

.. it means no more monkeyshines to evade it . We have a national credit card , and that point means we have hit the limit . Either we live within our means (along with a partial government shutdown) , or Congress (who has the legal power to do it) raises the limit on the national credit card ..

.. Will there be another shutdown ?

.. Yes , if this one is not resolved by then . Only a partial one , however . The government will have to live within its means until that limit is raised , if it is raised .

.. Does the Debt Limit have to be raised ?

.. Technically , no . The permanent debt limit is what it is (about $17.1 trillion , I believe) at set in the Public Law . Pratically , yes . We are still running a deficit , and POTUS has shown no interest in co – operating in balancing the budget , with at least a modicum of spending restraint ..

.. Would tax cuts help ?

.. Hell , yes . Our taxes are high enough , as it is . Especially the taxes related to investment income (capital gains taxes) and those related to repatriation of foreign profits (foreign subsidiaries of American firms) …

.. I understand the former , as an investor . What is the latter ?

.. The current environment is very punitive for foreign subsidiaries of American companies . They have no incentive to bring home , and invest the profits of their foreign company affiliates (subsidiaries) here in the United States .

.. Would a change in the tax rates help ?

.. god yes . The larger the tax cut , the better . The better the change in the tax environment , the louder the message is sent to investors …

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… Her Royal Arrogance Shuts Up [FLOTUS twitter account] …

Posted by paulfromwloh on Thursday,October 3rd,2013

.. in this case , it is a case of Twitter – Interruptus … Goody – Goody !! …

 

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