California – the Coming Collapse
Another government budget disaster: California – the coming collapse.
Tag: government
Bankruptcy of U.S. government “mathematical certainty” says banker
The former CEO of one of the nation’s largest banks says that unless the federal government gets its budget under control, bankruptcy is a “mathematical certainty.” I especially like this quote from the CEO, John Allison, in describing the past history of Fannie Mae and Freddie Mack:
“I was on a committee, a Financial Services Roundtable, for nine years trying to do something about Freddie Mac and Fannie Mae,” said Allison. “You couldn’t help but see it coming,” he said. “You ran the numbers, particularly the last several years, and it was mathematically certain Freddie and Fannie were going bankrupt.”
“We met with Congress. We met with [House Financial Services Chairman] Barney Frank and [Senate Banking Chairman] Chris Dodd and they absolutely wouldn’t see it,” said Allison.
Florida Today calls for more NASA spending from new Congress
The first hints of the new space war over NASA: Florida Today calls for the new Congress to continue the NASA budget increases as authorized by the old Congress.
We ain’t goin’ away
An evening pause: As election day is just about over, I think this song will help explain to our elected officials the kind of government the United States has, and how the results from today are merely a single moment in a long struggle.
New regulations by EPA threatens to reduce the electrical grid capacity by 7.2%
A deluge of new regulations by the EPA threatens to reduce the American capacity to produce electricity by over seven percent.
Anti-American propaganda from the National Endowment for the Humanities
Anti-American propaganda from the National Endowment for the Humanities. Key quote:
In my thirty years as a professor in upper education, I have never witnessed nor participated in a more extremist, agenda-driven, revisionist conference, nearly devoid of rhetorical balance and historical context for the arguments presented.
UN conference passes broad ban on “geoengineering”
A UN conference in Japan today approved the extremely broad language that I had noted earlier this week, banning all “climate-related geoengineering activities that may affect biodiversity . . . until there is an adequate scientific basis on which to justify such activities.” You can read some reactions here. Key quote from the ETC group, a Canadian non-profit organization which supports the language:
The agreement, reached during the ministerial portion of the two-week meeting which included 110 environment ministers, asks governments to ensure that no geoengineering activities take place until risks to the environment and biodiversity and associated social, cultural and economic impacts have been appropriately considered. The CBD secretariat was also instructed to report back on various geoengineering proposals and potential intergovernmental regulatory measures.
If the broad language of this policy is accepted by the United States government, it will effectively shut down almost all new construction and development, as practically anything people do “may affect biodiversity.”
SpaceX’s Dragon capsule cleared for launch but not landing by FAA
Our government at work! The FAA has given SpaceX a license to launch the Dragon capsule, scheduled for a November 18 launch on the Falcon 9 rocket, but not yet given them a license to land.
First ticket issued for deadly butter
Our government doing the really important work! Health officials in Baltimore have handed out their first ticket to a restaurant for not using the proper cooking recipe, as determined by the government. Key quote:
“They originally had a margarine that was above 3 grams, actually, which is very high compared to the .5 that is allowed. Then when we came back and they had replaced it, they replaced it with one that was 2 grams, so it still was too high,” [Health Department agent Juan] Gutierrez said.
And then there’s this: Fake health inspectors at restaurants on the rise.
Tax Official Threatens to Shut Down Kids‘ Pumpkin Stand For Lacking ’Proper Permit’
More government idiocy: Tax official threatens to shut down kids‘ pumpkin stand for lacking “a proper permit.”
Why this election is important
Mark Steyn explains why next week’s midterm election and what the next Congress does has very special significance. Key quote:
In a two-party system, you have to work with what’s available. In America, one party is openly committed to driving the nation off the cliff, and the other party is full of guys content to go along for the ride as long as we shift down to third gear. That’s no longer enough of a choice. If your candidate isn’t committed to fewer government agencies with fewer employees on lower rates of pay, he’s part of the problem. This is the last chance for the GOP to restore its credentials. If it blows it, all bets are off for 2012.
Judges in Geert Wilders’ Free Speech Case Removed from Trial
Things are not going well for those Dutch officials who want to squelch free speech: The judges in Geert Wilders’ free speech case have been removed, and the trial has to start from scratch.