Credit Rating in Pooper, Now Obama's Clandestine Super Congress eyes Cuts to Social Security and Medicare
The austerity bill signed into law by President Obama this week creates a clandestine Super Congress designed to cut Social Security and Medicare benefits.
The Super Congress has to deliver a $1.5 trillion package by December.
Future is so bright I gotta wear shades.
People have often said I belong in a mental hospital. Well, here I am in Tung-Hong Hospital, "High Hero" City, Taiwan. Actually, this is Kaosiung City, which means "High Hero" in Mandarin. The original name for Kaohsiung (spelled Gao-xiong in the Pinyin Chinese of mainland China) came from the native tribe which lived in this area, which has a natural harbor.
With the stock market tanking and S&P downgrade which the better label for the economic disaster that the republicans have given us. Apparently they did shot the hostage.
This evening I went to my county fair which is held once a year. Half of the county I live in here in Colorado is rural so we still have good turnout at the fair. I have been a county worker in the social services department for the better part of a decade now and free food tickets to the fair is one of the last perks we get these days. I never say no to free food and love to look at the farm animals (I live in the urban part of the county) so I go every year. Last year I stopped by the Democratic party's booth and got little notice.
It should be required that 50% of all campaign contributions be used to pay down the debt!
FOR A DYING NATION.
This is the lead paragraph to Noam Chomsky's essay in TruthOut. Do take the time to read it all.
America in Decline
THE FIRST CALCULATION
Let us not forget that in 1907 E.H.. Harriman was charged with a "great plot " to control the nation's commerce. E.H. Harriman et al. attempted to disguise their dual control of the Illinois Central and Union Pacific while devaluing the stock of the Illinois road. Then a purchase was hidden under the names Kuhn, Loeb & Co.