City of Chicago’s cash cushion plummets, debt triples, arrests drop, water use rises – Chicago Sun Times
Mayor Rahm Emanuel closed the books on 2012 with $33.4 million in unallocated cash on hand — down from $167 million the year before — while adding to the mountain of debt piled on Chicago taxpayers, year-end audits show.
I can’t help but wonder if Rahm learned how to manage other people’s money from his old boss.
Every city where these fucking people are in charge, it’s the same sad story.
Bill Nojay: Lessons From a Front-Row Seat for Detroit’s Dysfunction – WSJ
Union and civil-service rules made it virtually impossible to fire anyone. A
six-step disciplinary process provided job protection to anyone with a pulse,
regardless of poor performance or bad behavior. Even the time-honored management
technique of moving someone up or sideways where he would do less harm didn’t
work in Detroit: Job descriptions and qualification requirements were so strict
it was impossible for management to rearrange the organization chart. I was a
manager with virtually no authority over personnel.
A word of advice to Liberals: Atlas Shrugged is a cautionary tale, not a how-to manual.
Obama proposes jobs deal with GOP – CNN
Obama suggested Congress cut corporate tax rates – long a goal of Republicans – while simultaneously making investments in job creation programs, which Democrats and the president have been championing.
In the past, both Obama and Republicans have insisted that corporate tax reform be passed alongside reform for individual earners. Republicans argue that some small business owners file taxes as individuals, and would only benefit from an overhaul of the entire tax code.
The president’s plan would propose slashing the corporate tax rate to 28% from 35% while making the filing process simpler and ramping up incentives for small businesses to hire workers.
Obama is tacitly making the argument that lowering the corporate tax rate will result in more tax revenue for the federal government that would allow him to spend more. What’s fascinating about this is that this is something Democrats have vehemently argued against for decades. “The economy is a zero sum game, dummy. If we cut taxes, then the government will have less money”. Except any high school kid that takes an apolitical economics course knows that economics isn’t a zero sum game, that wealth can be created (if it’s allowed to).
What’s distressing about President Shitbag’s statements is that there’s no mention of the tax rate for small businesses which is currently thirty-eight fucking percent. No, I’m not making that up. Cutting the corporate tax rate is a step in the right direction but it will do far less to stimulate a dying economy than a tax cut for small businesses. This is merely a small thank you from a corporatist to the corporatists that put him in power.
But hey, I’m sure there’s no relationship between our shitty economy and having the highest corporate income tax rate in the world, right? It’s that asshole George Bush’s fault.
Chicago Firearms Confiscation Begins – Thetruthaboutguns.com
There’s a good reason that law abiding gun owners don’t want their names on a national gun registry — namely, registration leads to confiscation. Gun control advocates immediately spout that “no one wants to take your guns” and other assorted platitudes designed to comfort gun owners about the prospect of being treated like sex offenders. And yet, from the city of Chicago comes a story of exactly that: registered gun owners having their guns confiscated . . .
We’ve said it before and we will say it again — registration only impacts the law abiding. Its raison d’etre is knowing where the firearms are when it’s time to go and get them. Criminals are exempt from the registration requirement due to the illegal nature of their activities, so keeping guns out of the hands of bad guys is a bogus claim when registration advocates try to make it. Registration only applies to the law abiding citizens. Period.
Did George Zimmerman Get Away With Murder?
The media are reporting that a juror says Zimmerman is guilty of murder. That’s not true. – Slate
ABC News hasn’t posted a full unedited video or transcript of the interview. The
video that has been broadcast—on World News Tonight,
Nightline, and Good Morning America—has been cut and spliced
in different ways, often so artfully that the transitions appear continuous. So
beware what you’re seeing. But the video that’s available already shows, on
closer inspection, that Maddy has been manipulated and misrepresented.
There is no limit to what these people will do to further their agenda. I can only hope that Zimmerman sues both ABC and NBC aggressively and successfully.
How Nancy Pelosi Saved the NSA Surveillance Program – Foreign Policy
I realize that I’m rather liberal when it comes to the language on this blog but I genuinely try to avoid using the “c” word. Consequently, I tend to try to avoid putting up posts about Nancy Pelosi.
House narrowly rejects bid to curb NSA domestic surveillance – CNET
Politicians fail to block National Security Agency’s domestic surveillance program that vacuums up Americans’ phone call metadata. But privacy advocates say they’re encouraged.
Personally, I don’t feel encouraged by this at all. A single congressman voting in favor of the NSA being allowed to spy on all of our digital communications is something that should be loudly denounced.
The only positive thing that I can see is that it’s a good litmus test in determining where are politicians stand on this sort of intrusion. You can see the complete vote breakdown here.