The budget deficit rose in October, the first month of fiscal year 2013, as looming negotiations over expiring tax cuts and imminent spending reductions dominated the post-election political landscape. The Treasury said on Tuesday the October deficit was $120 billion, larger than economist forecasts for a $114 billion gap and up from $98 billion in October of 2011. Growth in expenditures outpaced rising receipts, deepening the deficit. Outlays grew to $304 billion from around $262 billion in the same month last year while receipts rose to $184 billion from $163 billion.
Comments: Would have been nice to have published this......last week!
Get used to this news. When we go into our next recession after the Christmas sugar high fades we will see this regularly. That is if the state propaganda outlets bother to let us ignorant peasants know about it.
Obama most likely will start his 5th Priesdental year with low revenues due to everyone playing games (reducing their cost)on their income tax because of Obamacare and the 2013 and out years tax code. That is when the you know what hits the westinghouse (fan). That is when Dumocrats realize there will not be enough money to run the BIG GOVERNEMENT with out the support of the Rich, large and small business and eventually the middle class. That is when we reach the tipping point with higher taxes and little or no growth. Then the joice is to raise taxes to all the people who pay taxes not just the top 2% to support the entitlements
Around the same time the nation was transfixed on the hunt for the Boston Marathon bombers last month, thieves on the other side of the country pulled off a little-noticed heist -- swiping 559 pounds of explosives from a federal storage facility in Montana. As of Friday, not one ounce of it has been found. The incident, federal officials believe, was not terrorism-related. But it´s the latest to raise security concerns in an age when authorities are warning about the desire of violence-bent terrorists to inflict mass casualties with bombs.
President Obama found himself weathering bipartisan broadsides Wednesday as he sent Congress his 2014 budget proposal, which in its effort to please both sides of the aisle has ended up angering both. The budget arrived on Capitol Hill Wednesday morning, delivered 65 days after the legal deadline. The $3.77 trillion spending plan, which is over 2,000 pages, tries to curb deficits by further raising taxes on top earners and reining in the growth of Social Security.
Former Detroit Mayor Kwame Kilpatrick, once seen as a rising star in Democratic Party politics, was convicted on Monday on two dozen federal charges of corruption and bribery while in office. U.S. prosecutors accused Kilpatrick, 42, his father and a city contractor of widespread corruption, extorting bribes from contractors who wanted to be awarded or keep city contracts, turning the mayor´s office into "Kilpatrick Incorporated" during his seven year tenure.
The Internal Revenue Service on Friday unveiled its proposal to raise tens of billions of dollars through annual fees on health insurers, prompting fierce criticism from industry groups who warn the costs will be passed along to consumers. The proposed rule from President Obama´s healthcare law will be published for public consideration in Monday’s Federal Register. The rule would assess annual fees on most insurers that would total $8 billion next year and rise thereafter, eclipsing $14 billion in 2018, according to the IRS.
Another member of the Washington political media stepped forward Thursday to claim he was threatened by the Obama White House, shortly after the White House denied reports that an adviser threatened famed Watergate journalist Bob Woodward. The latest claim comes from Lanny Davis, who served as counsel to former President Bill Clinton and later went on to write a column for The Washington Times.
President Obama’s political team is fanning out across the country in pursuit of an ambitious goal: raising $50 million to convert his re-election campaign into a powerhouse national advocacy network, a sum that would rank the new group as one of Washington’s biggest lobbying operations. (snip)But those contributions will also translate into access, according to donors courted by the president’s aides.
The fiscal crisis plaguing Detroit is now in the hands of Michigan´s governor after a state-appointed review team determined the city was in a financial emergency with "no satisfactory plan" to resolve it. Republican Gov. Rick Snyder has 30 days to decide if Detroit needs an emergency manager to take charge of its finances and spending, and come up with a new plan to get the city out of its financial mess. (Snip)The report also said the city´s bureaucratic structure makes it difficult to solve the financial problems. Intro repaired by staff
Erie, Colo. – A Colorado company is threatening to leave the state if a bill to ban high-capacity ammunition magazines becomes law. CBS4 Investigator Rick Sallinger toured the company in Erie. They said they would certainly prefer to stay. The company is called Magpul. Among other products, they make ammunition magazines which can hold up to 30 rounds. Tuesday night a state House committee took the first step towards banning them. The company’s chief operating officer, Doug Smith, made it clear to the state legislature that if the bill becomes law they will leave Colorado.
A conservative pro-immigration reform group has issued talking points to Republican lawmakers, telling them to avoid referring to the U.S. citizen children of illegal immigrants as "anchor babies" or calling for the construction of an "electric fence" on the border, among other things. (Snip) The memo urges lawmakers to call them "undocumented immigrants" and to avoid terms such as "aliens" or "illegals," which are seen as offensive and dehumanizing. Another phrase to avoid? "Send them all back." Link repaired and Snip added by staff.
TOKYO – Taro Aso has never been one to hold his tongue. But Japan’s 72 year-old deputy prime minister may have outdone himself with his latest gaffe. At a government panel to discuss social security reforms, the former prime minister called the elderly who are unable to feed themselves “tube people,” then proceeded to say the elderly should be allowed to “hurry up and die” to reduce the burden on a country tasked to pay for their medical expenses.
The Middle East Media Research Institute (MEMRI) released a video of Egyptian President Mohamed Morsi delivering racist, anti-Semitic, and anti-American remarks . The incendiary rhetoric becomes relevant now that the Obama administration plans to give 200 Abrams tanks and 10 F-16 fighter jets to the Morsi government. Morsi expounded on his anti-American and anti-Zionist views in 2010, as a member of the Guidance Office of the Muslim Brotherhood.
Secretary of State Hillary Clinton will not be able to testify next week before House and Senate panels on the Benghazi issue because she sustained a concussion, a top State Department official said Saturday. Clinton was a scheduled to testify Thursday on the Sept. 11 attack on the U.S. Consulate in Benghazi, Libya, in which U.S. Ambassador Christopher Stephens and three other Americans were killed. Deputy Assistant Secretary of State Philippe Reines said Saturday that Clinton is suffering from a stomach virus, fainted and hit her head, which caused the concussion. However, he did not say when
White House insiders say President Barack Obama is in “a funk” about what he sees as increasing stagnation and failures surrounding his second term and some worry that the President is becoming more distant and distracted. “He’s not the same Obama that came to the Oval Office after the 2008 elections,” a senior White House aided confided to friends in an email recently. “I’m worried.” Chicago Mayor and former White House chief of staff Rahm Emanuel tells friends that the Presidency has changed his longtime friend Obama and many of those changes are “not good.”
In warning about possible al Qaeda attacks against Americans overseas, U.S. officials may have provided too much detail about intercepted chatter and the source of the information, and that may make it more difficult to get such tips next time, former and current intelligence officials say.On Friday, the U.S. State Department issued a worldwide travel alert for Americans, citing an unspecified al Qaeda threat. The bulletin said that the highest threat levels are the Middle East and North Africa, “and possibly occurring in or emanating from the Arab Peninsula.”
Washington - President Barack Obama´s top national security advisers met at the White House on Saturday to discuss the potential threat of terrorist attacks that caused Washington and its allies to issue travel warnings and close embassies throughout the Middle East. The United States issued a worldwide travel alert on Friday (Snip) Obama is spending the weekend at the Camp David presidential retreat after playing golf earlier on Saturday. His birthday is Sunday. The White House said Obama had received regular briefings about the potential threat and U.S. preparedness measures all week.
Executive Director of Mayors Against Illegal Guns Mark Glaze gave some ambiguous and potentially dangerous self defense advice Friday on “Hardball.” Glaze, speaking in opposition to “Stand Your Ground” laws, said in a circumstance where someone “comes at you” with an axe handle one should attempt to either “talk,” “fight with your fists,” “run away,” or “deescalate the situation,” but not shoot the attacker: MARK GLAZE: Very often somebody will come at you. They might want to have a fistfight. They might come at you with an ax handle. CHRIS MATTHEWS: Would you consider the guy with the ax handle armed or not?
[Video] Rapper Jay Z appearing on HBO´s "Real Time" with Bill Maher says that the black community wants upward economic mobility rather than a stronger police presence. In a conversation with former Congressman Barney Frank about police tactics such as stop-and-frisk, Jay Z suggests the stagnant economy and wealth inequality could cause widespread social unrest: "The real problem is there´s no middle class, right? So the gap between the have and have-nots is getting wider and wider... It´s gonna be a problem that no amount of police can solve, because once you have that sort of oppression
Several skills that every kid once learned in school are going the way of the dodo in a hurry. Diagramming sentences is practically an extinct art, for example. Cursive handwriting and memorized multiplication tables look to be swiftly headed that way. Apparently, the next thing that kids will no longer need to learn is spelling and grammar. Sugata Mitra, a professor of educational technology at Newcastle University in northeast England, announced that traditional language rules are out of fashion, reports the Daily Mail. Kids don’t need to waste time on those things, see. State-of-the-art computers and mobile phones can make
Common sense tells me that cops don´t need a Taser or a shotgun to subdue a 95-year-old man. When John Wrana was a young man, fit and strong and fighting in World War II with the U.S. Army Air Corps, did he ever think he´d end this way? Just a few weeks shy of his 96th birthday, in need of a walker to move about, cops coming through the door of his retirement home with a Taser and a shotgun.
Not only should President Obama cancel a bilateral summit with "schoolyard bully" Russian President Vladimir Putin, Sen. Chuck Schumer, D-N.Y., said Sunday on "Face the Nation," but considering the country granted asylum to National Security Agency leaker Edward Snowden, U.S. allies should try to move next month´s G-20 gathering from St. Petersburg. "President Putin´s behaving like a schoolyard bully, and in my experience, I´ve learned, unless you stand up to that bully, they ask for more and more and more," Schumer said. "He´s always going out of his way, President Putin is, to seem to poke us in
You don´t have to be gay or even Russian to feel the wrath of the Russian government´s homophobia. You could go to jail if you are "pro-gay," whatever that means. And that´s under just one of a growing number of hate-infused bills becoming law at a time when, as it happens, Russia is preparing to host the world in the next Winter Olympics. The perverse anti-gay legislation is inflaming an atmosphere of persistent intimidation and at times deadly violence against Russian gays and lesbians. The question now is: What should the rest of the world do?
I have a suggestion. How about an exhibit on Tawana Brawley? If the purpose of the new National Museum of African American History and Culture at the Smithsonian is to remember racial controversies, as the proposed Trayvon exhibit seems to confirm, then how about an honest look at the phenomenon of hate crime hoaxes? Particular attention should be paid to the role of the media in both the Trayvon and Tawana materials. Unquestionably, the media stirred up racial animus, and these incidents both contributed to raising racial tensions.
An odd dark vertical line that was observed in the sky over Florida earlier this week has left meteorologists puzzled. The shadowy apparition was spotted and photographed by Mike Weight at Honeymoon Island State Park near Dunedin, Florida, Wednesday. Weight was walking on the beach at around 12.30pm. The day was bright and sunny, but there were thunderheads forming to the east. ‘I was looking North when I observed what looked like a ray of dark light coming down from a small cloud to the surface of the Gulf about a half-mile away,’ the 73-year-old man wrote in an email
Police shot and killed an armed teen in the South Bronx early today after the suspect opened fire and refused to drop his gun, police said. Two rookie cops heard shots fired near East 151st Street and Courtlandt Avenue around 3 a.m. and ran in the direction of fire, police said. The uniformed officers saw Shaaliver Douse, 14, of the South Bronx, chasing another person through the streets, according to cops. Douse, who was arrested in May on attempted murder charges for shooting a 15-year-old, fired at the man running on East 151st Street this morning, police said.