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Archive for January 11th, 2013

No matter what Republicans suggest, Obama is not going to cut his spending

GOLAN HEIGHTS In a renewed attempt to force President Barack Obama’s hand on the debt limit, Kentucky Republican Sen. Rand Paul is pushing legislation that would ban federal spending on anything but interest payments on the national debt, Social Security checks, and military salaries.

Paul, who is traveling through Israel this week, told Business Insider here Thursday that he believes the GOP should take a more pro-active approach to the coming fight over raising the debt ceiling. Rather than march the country toward a government shutdown — and spook markets with possible default — Paul argued that Republicans should pass a bill that would force the government to prioritize payments to bondholders.

“The only real way to have leverage with the debt ceiling is to convince people that we are not going to default on our debt,” Paul said. “We could actually direct the President to pay our interest, make Social Security payments, pay soldier salaries, the basic functions that could keep government going. That way we take default off the table. They always scare us into raising the debt ceiling by saying that the stock markets will tank, everyone will go crazy if we default. I don’t think we should default — but I don’t think we should raise the debt ceiling either.”

As Paul points out, this would automatically force the federal budget into balance, a position he argues would give Republicans leverage to push through a comparatively gradual balanced budget amendment, similar to the “Cut, Cap and Balance” amendment that House Republicans passed in 2011.

“We have tax receipts to pay for about 70 percent of the government and we’re running deficits of about 30 percent, so what I would say is pay for the 70 percent we would all keep going and stop paying the other 30 percent until we come to an agreement,” Paul said. “That agreement would include an amendment to gradually balance the budget over five years. The only thing the debt ceiling would do is force us immediately to have a balanced budget.” 

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Anti-2nd Amendment nuts are bad enough but an anti-2nd Amendment police officers are worse. Especially one with a  gun control lust and political agenda.

From NewsinBlack:

During an interview on radio station WVON 1690 am and Newsinblack last week, Chicago Police Superintendent Garry McCarthy said he was disappointed with the media only pointing out problems with crime and not reporting on solutions. But perhaps the most surprising comments from the city’s top cop came when McCarthy commented on the upcoming concealed carry law that must be passed in Illinois within the next six months after a federal appeals court last month ruled the state’s ban on concealed carry unconstitutional. McCarthy made a bold and scary prediction that citizens carrying legally could be shot by Chicago police as he reiterated his stance against arming legal citizens.

“You put more guns on the street expect more shootings,” McCarthy said. “I don’t care if they’re licensed legal firearms, people who are not highly trained… putting guns in their hands is a recipe for disaster. So I’ll train our officers that there is a concealed carry law, but when somebody turns with a firearm in their hand the officer does not have an obligation to wait to get shot to return fire and we’re going to have tragedies as a result of that. I’m telling you right up front.”

McCarthy would not say what specific training officers will undertake if any. However, he did admit that in the past his department has made mistakes in shooting unarmed civilians. He believes the concealed carry law will increase those types of unfortunate incidents.

Sound like Chicago PD is a little trigger happy. Other states with concealed carry laws enjoy lower crime rates and less accidental shootings.

“You say concealed carry I say Trayvon Martin. Police officers make mistakes all the time,” McCarthy said. “We spend six months in the police academy, six months of field training and ongoing training on a regular basis and the fact is once in a while we’re going to shoot someone with a cellphone; we’re going to shoot somebody with a flashlight and none of that is okay. But now you take John Q. Civilian, you give them six weeks or 10 weeks of training and you say ‘have at it?’ The fact is more guns are not the solution to the firearm gun violence problem in this country. Less guns and reasonable gun laws are. And just because it’s 49 states to one doesn’t mean the state of Illinois is wrong on that one.”

What a dumbfuck. Trayvon Martin was killed by a guy he was attacking. All that training and his trigger happy officers can’t distingish the difference between a flashlight or cell phone? When was the last time anyone has heard of a concealed carry owner shooting someone with a flashlight? NEVER. Also, this dipshit doesn’t know facts. Gun ownership is at record highs and crime rates are at record low…well except in highly gun-regulated Chicago. 500 plus murders this year as this idiot rants about citizens with concealed weapon permits.

McCarthy’s comments drew immediate and intense criticism from citizens in favor of concealed carry and from people who teach concealed carry courses. Rick Pere, a civilian military contractor and former police officer who lives in downstate Illinois and teaches both the Utah and Florida concealed carry classes, said McCarthy’s comments were full of ignorance and add to the misinformation being given to citizens in Cook County and Chicago. He said McCarthy’s comments come from his position as superintendent, which must coincide with Mayor Rahm Emanuel.

“McCarthy comes from an anti-gun culture in the city of New York and he is a political fixture even though he does ride with his officers occasionally who are out on patrol. He has forgotten where he’s come from,” Pere said. “He’s a politician and they have to sing the chorus of the local political power so they can maintain their jobs. Officers in the rank and file are mostly for concealed carry.”

Even McCarthy’s own department does not agree with his stance on the issue. Both the Chicago Police Sergeant’s and Lieutenant’s Associations have publicly come out in favor of concealed carry with the Lieutenant’s Association going as far as saying it will enhance public safety.

“We recognize the importance and need for citizens in the state of Illinois to be legally allowed to protect themselves with the right to carry a weapon concealed. We feel that it would enhance citizen safety and in the end make our job easier,” read a statement from Robert Weisskopf, president of the Lieutenant’s Association.

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Income_Tax

(Reuters) – Republican Governor Bobby Jindal said on Thursday he wants to eliminate all Louisiana personal and corporate income taxes to simplify the state’s tax code and make it more friendly tobusiness.

Of course he’s a Republican. A Democrat would never allow Americans to keep the money they earned.

The governor did not release details of his proposal, but his office released a statement confirming that the taxes are targets of a broader tax reform plan.

“Our goal is to eliminate all personal income tax and all corporate income tax in a revenue neutral manner,” Jindal said in the statement.

He did not confirm reports that he will seek an increase in sales taxes in order to offset lost income tax revenue, but said: “We want to keep the sales tax as low and flat as possible.”

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To hell with transparency as long as we don’t upset the violent Islamist who are still living in the 13 century. I am so sick of this Muslim appeasement. Islamic terrorist love posting their videos of beheading non-Muslims but our pussy-ass liberal judges don’t want to offend these cave-dwellers.

From ABCNews:

Federal appeals court judges seemed skeptical Thursday about forcing the government to release photos and video taken of Osama bin Laden during and after a raid in which the terrorist leader was killed by U.S. commandos.

Judicial Watch, a conservative watchdog group, is seeking the images through the Freedom of Information Act. The Defense Department said it didn’t turn up anything responsive to the FOIA, while the CIA found 52 responsive records. The intelligence agency withheld all of them, citing exemptions for classified materials and information specifically exempted by other laws.

Judicial Watch lawyer Michael Bekesha told the appeals court panel in arguments Thursday that the government didn’t provide a specific enough basis for denying the request. But Judge Merrick Garland said the government cited specific concerns that the images could be used by the al-Qaida terrorist network for propaganda and to incite anti-American sentiment.

“Why aren’t those specific?” asked Garland, an appointee of Democratic President Bill Clinton.

Bekesha said that the government didn’t provide the justification for each of the 52 records, and how each one of them would cause harm. He suggested that graphic photos of bin Laden’s corpse should be distinguished from somber images of bin Laden’s burial at sea, for example.

Judith W. Rogers, also a Clinton appointee, said this wasn’t a typical case, because bin Laden was the al-Qaida founder.

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Armed with evil assault weapons

Armed with evil assault weapons

Isn’t it hypocritical of Obama, who is attempting to limit American’s right to self-defense by banning assault weapons, to sign a bill granting 24/7 armed protection for him and his wife…for their entire life?

Washington (CNN) – With the stroke of a pen Thursday, President Barack Obama gave himself and his wife Secret Service protection for the rest of their lives.

The new law, which passed the House and Senate in December, designates that all former U.S. presidents who served after January 1, 1997, along with their spouses, receive protection from the Secret Service for their entire lifetimes – meaning former President George W. Bush and his wife Laura are also covered. The law also stipulates that children of presidents receive protection until the age of 16.

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subprime_lending

See President Carter’s Community Reinvestment Act and Clinton’s National Homeownership Strategy to understand what caused the economic & housing crisis: Liberal politicians!

WASHINGTON (AP) – Federal regulators for the first time are laying out rules aimed at ensuring that mortgage borrowers can afford to repay the loans they take out.

Who pushed for these subprime mortgages? Democrats. Banks use to only lend to people who had good credit and real income to pay for mortgages. Had these new laws been in place under Clinton we would have never experienced the financial crisis or the housing crisis.

The rules being unveiled Thursday by the Consumer Financial Protection Bureau impose a range of obligations and restrictions on lenders, including bans on the risky “interest-only” and “no documentation” loans that helped inflate the housing bubble.

So, they finally admit what most of us knew? The subprime loans, to risky individuals, are what caused the mess. This is what typically happens with liberal “feel-good” policies.

Lenders will be required to verify and inspect borrowers’ financial records. The rules discourage them from saddling borrowers with total debt payments totaling more than 43 percent of the person’s annual income. That includes existing debts like credit cards and student loans.

CFPB Director Richard Cordray, in remarks prepared for an event Thursday, called the rules “the true essence of ‘responsible lending.’”

Cordray is the illegal recess-appointment choice of Obama.

The rules, which take effect next year, aim to “make sure that people who work hard to buy their own home can be assured of not only greater consumer protections but also reasonable access to credit,” he said.

Why next year and not immediately?

Cordray noted that in years leading up to the 2008 financial crisis, consumers could easily obtain mortgages that they could not afford to repay. In contrast, in subsequent years banks tightened lending so much that few could qualify for a home loan.

Thanks to liberal interference,  banks were forced to give loans to risky borrowers and their inability to pay off these mortgages caused the economic and housing crisis. Obama, as a Chicago lawyer, sued banks to force them to give these exact type of loans. Not to mention that Clinton’s Attorney General, Janet Reno, threatened banks with investigations, and liberal screams of “racism,”  if they didn’t ease credit for minorities. Politicians, particularly liberals, caused the financial and housing crisis, not the banks.

Then the government, along with Freddie and Fannie, packaged these risky mortgages and sold them as..wait for it..wait for it…mortgage-backed securities. Sound familiar? All these worthless mortgages were insured by…Freddie Mac and Fannie Mae..2 government sponsored entities (GSE). Investors thought they were wisely investing their money due to government fraud. Then when the buying stopped, the financial crisis was revealed.

Remember Barney Frank (D-Mass) and Democrats, claiming there was “NO CRISIS” and NO HOUSING BUBBLE with the two GSEs? Remember how Democrats covered for Freddie and Fannie by blocking regulations? Bush warned the Democrats, yet Democrats fought regulation.

The new rules seek out a middle ground by protecting consumers from bad loans while giving banks the legal assurances they need to increase lending, he said.

Clinton admits the subprime scheme exploded under his presidency…

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