Rick Santelli's Chicago Tea Party |
- US Is in Even Worse Shape Financially Than Greece
- Court to decide whether farmers must pay tax
- How free is your state?
- N.Y. Bill: Smoking Ban in Cars With Children
- Apple store employee seeks to plant union seed
- Political strategist forming political action committee to back tea party candidates in Ky.
- Why is CNN blocking Gary Johnson from its debate?
| US Is in Even Worse Shape Financially Than Greece Posted: 13 Jun 2011 11:25 AM PDT By: Jeff Cox,CNBC.com When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday. Much of the public focus is on the nation’s public debt, which is $14.3 trillion. But that doesn’t include money guaranteed for Medicare, Medicaid and Social Security, which comes to close to $50 trillion, according to government figures. The government also is on the hook for other debts such as the programs related to the bailout of the financial system following the crisis of 2008 and 2009, government figures show. Taken together, Gross puts the total at “nearly $100 trillion,” that while perhaps a bit on the high side, places the country in a highly unenviable fiscal position that he said won’t find a solution overnight. “To think that we can reduce that within the space of a year or two is not a realistic assumption,” Gross said in a live interview. “That’s much more than Greece, that’s much more than almost any other developed country. We’ve got a problem and we have to get after it quickly.” Gross spoke following a report that US banks were likely to scale back on their use of Treasurys as collateral against derivatives and other transactions. Bank heads say that move is likely to happen in August as Congress dithers over whether to raise the nation’s debt ceiling, according to a report in the Financial Times. To read more, visit: http://www.cnbc.com/id/43378973 |
| Court to decide whether farmers must pay tax Posted: 13 Jun 2011 11:22 AM PDT From: Google.com WASHINGTON (AP) — The Supreme Court will decide whether a couple must pay taxes on the bankruptcy sale of their family farm. The high court on Monday agreed to hear an appeal from Lynwood and Brenda Hall. The Halls were forced to sell their family farm for $960,000 to settle their bankruptcy debts. That sale brought about capital gains taxes of $26,000.The Halls wanted the taxes treated as part of the bankruptcy, paying part of it and having the court discharge the rest. The IRS objected to that plan, saying all of the taxes must be paid and the 9th U.S. Circuit Court of Appeals in San Francisco agreed with the tax agency. The high court will review that decision. To read more, visit: http://www.google.com/hostednews/ap/article/ALeqM5hjwF3RqEY32PWO6mE9xzChv3XVOQ?docId=770cc5931f044897ac0b1f8f74ac30ce |
| Posted: 13 Jun 2011 11:18 AM PDT BY ED MORRISSEY, HotAir.com The Mercatus Center at George Mason University undertook a study of personal liberty in each of the 50 states, based explicitly on "an individual-rights framework." First started in 2009, Mercatus has fine-tuned the study to include more policy variables — and that's bad news for Massachusetts. Thanks to the health-insurance mandate as well as a number of other restrictive measures, the Bay State has fallen to 46th among the states for freedom: The Bay State ranks near the bottom of a new "Freedom in the 50 States" study, which found the health-care law, gun laws, taxes and a string of other "nanny state" rules on smoking, seat belts, transfats and firecrackers makes Massachusetts one of the least free states in the nation. New Hampshire, the commonwealth's "Live Free or Die" rival to the north, ranked first in freedom, in the study by the libertarian Mercatus Center at George Mason University. Massachusetts trailed at 46th. "The big takeaway is that Massachusetts is not doing well overall in terms of freedom," said study co-author William Ruger, despite the state's laissez faire attitude toward gay marriage and pot. "There's this kind of stereotype or myth that the deep blue states are more economically restrictive but more personally free. But the data doesn't actually bear that out . . . Liberals tend to want to constrain your freedom in all areas." Really? Well, let's take a look at the bottom 5 states to test that theory: 50th: New York To read more, visit: http://hotair.com/archives/2011/06/13/how-free-is-your-state/ |
| N.Y. Bill: Smoking Ban in Cars With Children Posted: 13 Jun 2011 11:15 AM PDT From: FOX News.com A New York lawmaker has proposed legislation that would ban adults from smoking in cars when children under the age of 14 are present. Assemblyman David Weprin says he wants to reduce children’s exposure to secondhand smoke. The bill would apply even when the windows are rolled down. The Daily News reports that violators could face a fine of up to $100. Four other states have passed similar laws: Maine, Louisiana, Arkansas and California. In New York’s Rockland County, smoking is banned in cars carrying passengers under age 18. Nassau County on Long Island is considering a similar bill. To read more, visit: http://www.foxnews.com/health/2011/06/13/ny-bill-smoking-ban-in-cars-with-children/ |
| Apple store employee seeks to plant union seed Posted: 13 Jun 2011 11:12 AM PDT By Poornima Gupta, Yahoo News Canada SAN FRANCISCO (Reuters) – An Apple Inc store employee has started a union in a rare move at a company known for its near-fanatical following and cutting-edge mystique. Cory Moll, a part-time employee at an Apple store in San Francisco, is working to form a union to fight for better wages and benefits and to address what he says are unfair practices in the company’s glass-and-steel retail showrooms. “The core issues definitely involve compensation, pay, benefits,” Moll said, adding that he decided to go public with the union to encourage other employees to come forward. While unions are strong in industries like trucking and autos, they are largely unheard of in Silicon Valley companies, which pride themselves on being quick-footed and having the flexibility to hire and fire. Moll’s budding campaign is also unusual given Apple’s reputation for fierce employee loyalty. Apple has more than 30,000 retail employees in its 325 stores around the world. To read more, visit: http://ca.news.yahoo.com/apple-store-employee-seeks-plant-union-seed-162709710.html |
| Political strategist forming political action committee to back tea party candidates in Ky. Posted: 13 Jun 2011 11:09 AM PDT By: BRUCE SCHREINER, Greenfieldreporter.com LOUISVILLE, Ky. — A key strategist behind U.S. Sen. Rand Paul’s political rise is forming a political action committee in Kentucky to support tea party candidates. David Adams told The Associated Press on Monday that the PAC — called Kentucky Knows Best — will recruit candidates, stage rallies and make campaign contributions. Adams, who is the group’s executive director, says he hopes the PAC donates exclusively to Republicans but says it will look for the best candidates in state races. He says the group will endorse candidates in contested Republican primaries. Adams was campaign manager for Louisville businessman Phil Moffett, whose underfunded campaign finished second in last month’s Republican gubernatorial primary. Adams was campaign manager during Paul’s successful run for the GOP Senate nomination last year. To read more, visit: http://www.greenfieldreporter.com/view/story/cd1b9a5bf77843c6af95f2db88e641f0/KY–Tea-Party-PAC/ |
| Why is CNN blocking Gary Johnson from its debate? Posted: 13 Jun 2011 11:05 AM PDT By: Luke Broadwater, Baltimoresun.com On Monday night, CNN, the New Hampshire Union Leader and other sponsors will hold a debate in New Hampshire — and Mitt Romney, Newt Gingrich, Ron Paul, Herman Cain, Tim Pawlenty, Michele Bachmann and Rick Santorum will all be attending. That’s virtually every major declared Republican candidate. Except one. And that exclusion — and the reasoning behind it — is downright puzzling. Meet Gary Johnson. He’s a two-term governor of New Mexico. (That’s one more term than Mitt Romeny and almost two terms more than Sarah Palin.) Johnson holds many positions that Republicans might like: While governor, he did what most politicians find impossible: Actually shrinking government (not just slowing the expansion of government). He vetoed more bills than the 49 other governors combined. But it’s not just the fact that Johnson has more top executive experience than any other GOP candidate (or his success in the very-difficult art of actually limiting government) that makes his exclusion strange. He also qualifies for inclusion in the debate based on CNN’s own criteria. CNN’s criterion No. 2 states that any candidate who demonstrates the following will be included in the debate: “A candidate must have received an average of at least 2.00 % in at least three national polls released between May 1 and May 31 that were conducted by the following: ABC, AP, Bloomberg, CBS, CNN, FOX, Gallup, Los Angeles Times, Marist, McClatchy, NBC, Newsweek, Pew, Quinnipiac, Reuters, USA Today and Time.” The Johnson campaign quickly jumped on this criterion and produced required three polls (by CNN, Gallup and Quinnipiac) whose average puts Johnson squarely at 2 percent. The debate organizers responded: Those polls aren’t good enough. Those polls were “restrictive” polls and we only count “unrestrictive” polls, they now say. To read more, visit: http://www.baltimoresun.com/entertainment/bthesite/the-ridiculous-report-blog/bal-why-is-cnn-blocking-gary-johnson-from-its-debate-20110612,0,7118243.story?track=rss |
| You are subscribed to email updates from RE Tea Party To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
No comments:
Post a Comment