POWIP Piece of Work In Progress

24Apr/114

Easter Pensions, Unions, and DOOOOOOOOOOM 24April2011

Hallelujah! He is Risen!

Guess what's not?

But the good news is that it will not require the Second Coming to fix this mess. Yeah, none of the below is particularly fun, happy, or joy joy joy...but all it will take is a little bit of reality and castor oil and we'll get through this.

Feel good?

Yeah, I thought so.

SOVEREIGN AND MUNICIPAL DEBT

Considering making muni bonds taxable - as Girard Miller of Governing Magazine notes, this proposal is DOA, but Miller tells the munis to consider this...because they're going to need all the financing options they can get.

From Kevin D. Williamson, the four national debts: ranging from the short-term to the long-term. As Williamson notes, it's those medium-term notes where the action is, and those turn over in the 1- to 10-year range, and as interest rates rise in the medium term, that's really going to hit. And can hit hard. Because some of the holders of said notes aren't too happy about the situation.

Governmental accounting -- the kind of tricks the federal government is up to would put private entities in the slammer, according to Deroy Murdock.

More on federal debt from William H. Gross at PIMCO.

Fed claims muni bond defaults unlikely. I don't exactly disagree, but I think that the munis are going to find a tough time of it in rolling over their bonds or issuing new ones. The power to tax isn't infinite, especially when one's population keeps moving away (ask Detroit about that). Here's the Chicago Fed letter on this.

Want to feel better (relatively)? Take a look at how Greece is doing.

And plunging you back into despair: a history of the U.S. debt ceiling.

UNIONS MAKING FRIENDS

Grocery workers' union attacks non-union grocer trying to compete with non-union Wal-Mart.

Girard Miller considers public employee pay.

Indiana unions paid for Indiana Dems to bravely run away from their jobs.

Hey, Boeing, you thought you could site your factory in a different state? Sorry, you're shackled to Puget Sound and to its unions. Until the court cases are resolved, at any rate. More on same from Tom Bevan.

Free Enterprise Nation sends out an email, gets replies from (purportedly) public workers.

Much to our surprise, this seemingly innocuous email has produced an inordinate number of negative and downright nasty email responses to FEN. Many replies claim to come from public sector workers (although we have no way to verify their true identity) who say that the facts stated in our communiqué are overblown, preposterous and/or just plain untrue. Because of those charges, we would like to make our sources available for verification. Ironically, the facts we used all came directly from the government’s own websites.

Florida unions pulling money from banks supporting FL Chamber of Commerce.

Seattle city union blocking free effort to clean city parks. They are probably correct - I bet the company is trying to get the city to outsource further city services to them. I don't see why the taxpayer would care if the trash service is from a full-time city employee or provided by a private service, though. If it's cheaper, it's cheaper.

A similar debate in Costa Mesa as employees are laid off and services outsourced... and a raucous public debate ensues.

SEIU trying to get non-union workers in on their "actions". I guess I can see the theory behind it, but I'm not seeing this as a winner. It's really not going to work when the class war is seen as government workers with job tenure against private sector workers who have no guarantees at all.

GENERAL PUBLIC PENSION ISSUES

How the rate of return affects required pension contributions and assets.

Is 8.5% a reasonable discount rate for what is essentially an annuity? More on why an 8.5% assumption is not exactly prudent in today's world.

Public workers decide to get ahead of massive layoffs (and benefit cuts) by retiring in droves. Hey guys, don't assume that means you'll never get cut. Thing is, just because older, more expensive workers are retiring, doesn't mean it's necessarily cheaper for the government -- now they've got to pay for medical benefits they'd pay for anyway for that person, plus perhaps a replacement worker; and then underfunded pension plans start to liquidate which can end in a death spiral.

Last year we got Pew's Trillion Dollar Gap study. What will the number be this week?

GENERAL RETIREMENT ISSUES

Tom Blumer says retirement expectations need to be managed -- I agree. I tell everybody to expect to work til they die (or total disability) unless they save up for it.

Michelle Malkin on making 70 the new 65. Frankly, 65 wasn't the old 65 -- people on the whole start taking Social Security benefits within the first year of eligibility (when they're 62)...though that has been falling. And they do that because generally they haven't been working for a few years at that point. People may change that behavior, and I think they should, but merely changing the "normal retirement age" on these plans will reduce the overall cost, not necessarily get people to change when they retire.

It's a good start that the UK abolished its mandatory retirement ages, but as we've seen in the U.S., that does only so much.

An interesting method to get people to save more for retirement: make them think of themselves as older (and poor), using virtual aging.

The Economist's case for raising the retirement age to 70.

Hey - it's not just public pensions that are troublesome! Taxpayers may be asked to bail out private pensions, too! Yay!

ALABAMA

DROP benefits -- dropped in Alabama, and for very good reason.

CALIFORNIA

Orange County loses court fight over retroactive boost to deputies' pensions. So what's next? All I have to say is that if the pension debt isn't real, that means the pension promises aren't real, and don't need to be paid. Want to make that legal argument?

I knew this was coming -- one of the parties that will get blamed in the public pensions mess will be actuaries. Or, hopefully, specific actuaries as opposed to the entire profession. There's a reason that item #2 on the Society of Actuaries' list of strategic initiatives for 2011 is looking at the reputational risk from public pensions. A little too late, perhaps, but hey - at least they realize there's a risk there.

The dispute between current services and pensions for past services coming to the fore again and again and again in San Francisco. Jeff Adachi had tried something last year, and it looks like he's trying again... just as others are, as well.

Those generous pension benefits cost a lot? Ooops! Our bad!

FLORIDA

This is an interesting turn to the public pensions debate: a firefighter who has been doing his own investigation into his local pensions was ordered to undergo drug and psychiatric testing.

Florida politician defends the draconian proposal to have state employees contribute 3% of their salaries to their pensions. The bastard!

ILLINOIS

This inspires confidence: pensions to be paid without borrowing for the first time in two years. If you can stand the excitement, here's a 19-minute video of the state treasurer talking about borrowing to pay off the bills and pensions.

But are they really? Seems they're not exactly current on their regular bills.

Meh, forget about constitutionality: let's just pass the damn pension bills and let the courts sort it out. Allrighty then.

Evanston fire chief accused of double-dipping. I assume lots of boomer-age (and younger!!) public workers are double-dipping at this point.

MICHIGAN

Michigan passes a mutual assured destruction bill, where all sorts of contracts, collective bargaining, etc., will be dissolved in the event of Really Bad Fiscal Stuff (TM) occurring. Primarily, Detroit is the target of this. And of course, various parties are not sitting still for this -- time to lawyer up!

Hey, it's a better idea than the pension tax. They definitely don't need something to spur more people to leave. I mean, what exactly is the attraction to stay?

NEW JERSEY

John Bury says that politicians doing nothing may be the best option for NJ pensions.... given what happened when they did meddle with the pensions. Of course, doing nothing doesn't end up with happy results, either.

As per the previous story above, NJ is seeing more retirements as Christie talks cuts. Thing is, here's the progression: first, those not yet hired get whacked (less generous benefits, etc.), then current employees, but if the money is too tight, current retirees also get hit. So sure, retiring will prevent getting hit by certain things, but it doesn't mean you're safe.

NEW YORK

Ex-comptroller Hevesi was sentenced for corruption related to pay-for-play and the NY state pensions... he was sole trustee of the plan. The pension governance set-up hasn't changed, by the way, since he was found out.

As long as this crap goes through one office, through one person, you're going to get cases like this.

TEXAS

Talk about needing a resurrection: Texas pension fund needs 21% return just to get to 80% funded ratio. Or, you know, y'all could PUT MORE MONEY IN.

Disputes over pensions enter the Fort Worth mayoral race.

VIRGINIA

Double-dipping doesn't play well in Virginia... or anywhere else, really.

UK

The hot topic on the other side of the pond is teachers pensions. Teachers say they will quit if told to work longer (or contribute more to their pensions). Fine. See what you can get elsewhere. It's a free choice.

Oh, you won't quit your jobs outright, but will strike? Whatever.

And they show their class (har har) by heckling and jeering the schools minister! Huzzah, guys! Next time, throw your poo! That'll show him!

Let me l'arn y'all some Americanisms that may help you deal with your situation: Tough shit. Suck it up. You ain't got the money of.

Meep

Meep is a member of the Irish Catholic mafia, having a suspiciously high number of green-eyed, red-haired friends. While she doesn’t have red hair herself [except when she goes into the sun (rare for any vampire)], she does have green eyes. She’s a raving Papist and is a life actuary on the side [i.e., she counts dead people]. An amateur pain-in-the-ass [willing to go pro!], she likes covering retirement, mortality, math, and education issues.

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24Apr/113

Alleluia!

Gloria!

Christ is Risen! Ressurexit Vere!

I wish all the authors and readers of POWIP a most blessed Easter, and pray that God continue to hear our prayers, watch over and protect us,  and bless us all.

Click to enlarge

Gloria in excelsis Deo!

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24Apr/116

Is Carla Bruni-Sarkozy Pregnant?

ZOMG!

The Elysee Palace on Sunday fuelled rife speculation in France that Carla Bruni-Sarkozy, the first lady, has fallen pregnant* with a long-expected first child by the French leader.

Editor: News desk? I want Andrew Sullivan to fly to Paris, today.

[shifts phone to other ear, hands coffee mug to secretary]

I don't care if he's Easter egg hunting. What? I don't care if he's stoned out of his goddamn gourd! I want him on the next flight to Paris, if you have to pour him into a jug and send him freight! Do you hear me? Good!

* "Fallen pregnant"? Is that like "come down with a bad case of sperm poisoning"? Jeebus.

Dan Collins

Dan Collins is a dude who blogs. He used to blog elsewhere. Now he blogs here.

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24Apr/1111

root via on-screen keyboard

a mishap involving children , a ball, a cup of coffee has rendered our physical keyboard useless.

it got me one iteration further away from all of you.

i wanted to make sure to wish everyone a blessed easter, so i invoked this here interstitial keyboard.

at mass on good friday, the broken and limping, and bruised and tired-skinned faithful dragged failing flesh to adore the cross. they kissed the wood and knelt at its foot.

i wish you all happy tidings. from the cucified christ, to the entombed, to the wood of blood, to the reality of the risen lord... easter and rescue from the desert exile.

i once read a book. i reviewed it back then. see below. my this is tedious.

In the Beginning...was the Command Line

To GUI or Not To GUI, July 13, 2004

Absolutely brilliant book.

"In the Beginning..." cleverly disguises itself as a historical account of the nature of the various software platforms. The real meat is the discussion of GUIs (Graphical User Interfaces), the upsides, the downsides and the tension between GUIs and the lack of GUIs.

One cannot have this type of discussion without touching on the true nature of mankind. And that is exactly what Mr. Stephenson does. If you prefer organic, seemingly "unstructured" access, go with the command prompt. If you prefer popular & "easy" access with all of its shortcomings, hail the GUI. But be careful, as the folks designing the GUIs are in the business of building filters and facades. If, however, you choose no Graphical User Interface whatsoever, you have sworn yourself to great responsibility and to the integrity of the code!

I was mesmerized from the start & totally blown away & surprised by the last 10 pages. I had no idea when I picked it up that this short essay carried such enduring weight.

I recommend it to all humans who thirst for knowledge of the Root.

ps. don't mess with the kernel, it is a good way to crash your system!

Enoch_Root

AKA. Bobby Donn Brubaker (the most popular man in Mesa, AZ), the Umbrella of Terror, Jack Ketch.

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Filed under: God Bothering 11 Comments
23Apr/115

Dare You to Move

In a sure sign even the keenest minds can suffer momentary lapses of reason, Dan has granted the wish of your not-so humble scribe to make his online house mine as well. Silly boy. Too much maple syrup, perhaps?

Anyway, better write fast before he regains his senses.

I'd prefer to have my first post here (I'm usually at Goldfish and Clowns) be focused on something other than present miseries, but regrettably they are presently taking the top spot in my life. A tenuous, tense workplace situation going down yesterday has left me feeling more than a little scared. And angry. Stating the obvious, not a good combination. Or place to be.

This afternoon, I put half of my modest guitar collection on consignment at a store in San Jose I enjoy doing business with for a couple of reasons. Well, three: good prices, great service and the fact it makes no mystery of being owned by Christians without shoving anything down anyone's throat. It also has a heartbreakingly large assortment of guitars.

Although buying anything was out of the question, I dragged Mrs. Dude into the new instruments area of the store and from there into the 'if you have to look at the price tag you can't afford it' room. Actually, there's two rooms: the one where you can actually touch the guitars, and the one behind glass where mere mortals fear to tread as you just know you'd trip, bump something and shortly thereafter be the proud owner of five-figure kindling. Needless to say, given how I am neither wealthy nor altogether sure of my present employment I maintained a wide separation from the latter. Best to keep it within the realm of at least theoretical affordability should I develop a bad case of the butter fingers.

Being a rock'n'roll child of the '70s, I gravitated toward a black Gibson Les Paul Custom with three pickups instead of the usual two, this being the instrument wielded by Peter Frampton during his halcyon days of Frampton Comes Alive. I pretty much wore the grooves off of my copy back when it was near mandatory listening for anyone who had not bowed the knee to Baal... er, disco. It alternated on my turntable with In Another Land by Larry Norman and the other few -- very few -- Christian rock records around at the time that fueled my new-found faith. That, and my denim-covered King James Version Bible. Yeah, I was a Jesus freak-Catholic hybrid from the get-go. But I digress; back to the guitar.

I've long had this guitar on my "someday" list, one of the thoughts that crossed my mind as I played some of my modest licks. The other thought was of far greater importance.

It's said that music is God's language, and I believe this to be true. I'll never blame Him for my playing, but I get by. I do sometimes feel His presence when I play. This afternoon, I felt a gentle tug on my heart. Quite a difference from the bitter rant aimed in His direction from yours truly the past day and a half. Thankfully, He didn't respond in like kind. Rather, it was a reminder of what once was, back when I was listening to Frampton work his magic with a guitar much like the one I was presently playing. A reminder of when I was on fire for Jesus and had total trust in Him that anything and everything would work out.

So what happened?

God hadn't gone anywhere.

Maybe I should move back to where I belonged.

Trusting Him.

I'm working on it.

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Filed under: God Bothering 5 Comments
23Apr/113

Good Thing Cursing In Spanish Makes It Acceptable to Print

in the Orange County Weekly:

But I, along with the millions of Latinos who come from an undocumented pedigree, whether it be our parents (me), our cousins, uncles, friends, or ourselves (like all the Dreamers out there), can't help but gloat about Vives' background. What a wonderful chinga tu madre at the Know Nothings of the world who insist illegals can't make anything of themselves in this country!

Yeah, you sure gave it to that stupid Yanqui strawman, and he didn't even know it, cabrón!

From this site, with lots of other good stuff.

Dan Collins

Dan Collins is a dude who blogs. He used to blog elsewhere. Now he blogs here.

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23Apr/111

My Name is Adam, and I’m an A-hole

It's not that I haven't known it for a while, but like all of us I spend a lot of time in denial.  I love to think my boorish behavior is justified by something.  By some slight, or some wrong perpetrated against me or mine.  When I cut someone off on I-25, I like to think he deserved it for cutting me off first or for driving 78 mph in the fast lane when I'm trying to go 84.  Who does that, right?  Or when i clam up at the restaurant and snap at the staff, it's because they aren't doing their jobs properly.  I hate incompetence and unprofessional behavior.  That shouldn't be tolerated!  Can I get an Amen?

Well, it's been pointed out lately that I'm an asshole.  Frankly, I knew that before, and have lately been discovering through the actions of others just how much of an ass I've been in the past.  I knew I was one, and have asked the proper people for forgiveness (which has been granted), but watching others struggle and stumble has given me new insight into my own failings of the past. 

As a wonderful friend pointed out, though, a very critical part of our life journey is "facing our ass-ness."  As she said, it's "essential to 'being crucified with Christ'."  That leads me to the weekend.

It's precisely because I'm an asshole that Christ died for me.  I needed Him, and He came through for me in a way that only He could.  This is the weekend we commemorate His sacrifice.  The days are no more "holy" than last week, or last month; but the commemoration is good for my soul.  It drives me to reflect on just how much I need His grace on a daily basis; and how I still have a tendency to push Him away so I can indulge my inner asshole.

Adam Wells

Living life at 84 mph and 7000 feet. All I ask is that you don't block traffic, act like a professional, and don't act all surprised when your actions have consequences. Oh, and don't complain about the refs; trust me, they don't care if your team wins or not.

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23Apr/110

Koran Burning Tool Convicted of Something

After reading the article, I'm still unsure what the conviction was for.  Did he actually begin the protest and get arrested for that, or did they arrest him in a pre-emptive strike?  No one has claimed that he was going to actually incite violence; only that he was going to be the victim of violence because others would be so incensed with his words (he wasn't even going to be burning the Koran from what I understand).

If his conviction was for unlawful assembly, then I'm less inclined to be upset with it.  You can argue with the local police chief's decision, but he has the right to make it.   That said, it looks like Jones is going to be returning to Dearborn to protest at the Court House next week; in a way calling the bluff of the local authorities who have stated he can protest there.  Was it really the location they were concerned with?

Allahpundit's thoughts seem well reasoned, but based on the premise that he was convicted for intending to commit a crime.  I think we're all considerably uncomfortable with the idea that the potential reaction of others to your words can allow law enforcement to punish you for them.  I'm even more disturbed by the idea that such potential would allow the government to actually prevent you from speaking.

What happens when a group of Muslims decide that it's "fighting words" for Franklin Graham to declare Jesus is the Messiah?  Is that really so unlikely that they'd take that mile now that we're giving them this inch?   To be clear, I think Jones is a tool (Fred Phelps Light with a more palatable cause) and is unnecessarily provocative.  But it shouldn't be illegal for him to speak his mind, let alone for him to intend to speak his mind.

I have to wonder, how would governments react if a group of Tea Party activists decided that a speech in Austin, TX, suggesting we raise taxes was sufficient provocation to resort to violence.  Let's assume they had demonstrated that intent by killing liberals in Canada.  Would Austin take the pre-emptive step of silencing the speakers in their jurisdiction to ensure their public safety?  Call me skeptical.

Adam Wells

Living life at 84 mph and 7000 feet. All I ask is that you don't block traffic, act like a professional, and don't act all surprised when your actions have consequences. Oh, and don't complain about the refs; trust me, they don't care if your team wins or not.

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23Apr/115

[UPDATED] I Don’t Mean To Be a Prick . . .

it just comes naturally.

By which I mean that I probably shouldn't bother to correct Wolly. Last time we noted him here, he was nattering about conservatives lacking subtlety and discrimination. The latest visitor from James (earlier today) was directed here to a post that Enoch wrote long ago about Qur'-B-Cues.

I opined at the time that the burning of Muslim holy books was tacky, but that it should be the right of any American to burn his own copies without having to be worried about savages, foreign or domestic, murdering people or lighting the temples of other faiths on fire in reaction. It is true that under the Mosaic law, an eye for an eye and a tooth for a tooth were considered good form. It's also true that, before the advent of the printing press and for some time thereafter, before the technology became widespread, book burning was a serious matter. We can't really know how much of Classical and Oriental Culture was lost at Alexandria, or how many singular works were lost when a Shao-Lin temple in China was torched by a disgruntled monk, or what unique manuscripts were destroyed when the Cotton Library burned, or for that matter what nonpareil epics of retribution for hog rustling good old Ollie Cromwell might have put to the torch in Ireland.

And yes, I know what Milton said about the Seasoned Life of Man. Still, for a Religion of Peace that holds (at least in English) that the murder of an individual human being is equivalent to the destruction of a cosmos (unless it's performed according to the dictates of their Prophet), this slaughter of innocent parties seems a bit much, given the general availability of their holy book (still in print) and the fact that it lives on in the oral tradition taught with a great deal of beating in their madrassas. One has to be remarkably subtle, naturally, to understand why one's own cultural norms should be subsumed to that of such awful people, I've no doubt. Unfortunately, I'm constitutionally incapable of fathoming the reasoning behind arresting proselytizers for their own religion in Dearborn, on grounds that their leafleting amounts to a disturbance of the peace.

All of that, though, is neither here nor there. I will let it go, for now. I just want to make the point that I don't understand this:

Humpty Dumpty Has a Sad
by James Wolcott
April 19, 2011, 12:11 PM

Glenn Beck, whose crying towel doubles as a sarong, is having a righteous pout over a recent blog post of mine that made light of his lugubrious Israel-defense hour Friday on Fox News.

I tried following that post title into the sentence below, as in "Humpty Dumpty has a sad Glenn Beck," but that makes the original sentence run on. I searched in vain for the noun to be modified by "sad" through the rest of the post. Or does the title imply some ending, such as "e-i-e-i-o" to which I've missed the reference? [Haz SarahW puzzed it out in her comment and link?]

I'm not sure that "lugubrious" does very much to modify "pout," either. I would choose something stronger, such as "eel."

Then I encountered this:

God works in mysterious ways, but even so, WTF.

Hitherto, my belief has been that the acronym WTF? harbored a question, even if the question was "rhetorical" (the quotation marks are there because I believe every question, strictly speaking, to be rhetorical). Are we now to assume that the initials WTF contain the punctuation? If so, how do we distinguish the usage when someone asks, "WTF was (let us say) Krugman on this morning?"

I point this out because this is the really important stuff, and the rest of it's all a sideshow.

UPDATE: "Haz a sad" does indeed seem to be an expression current among the young, with it and hip.

@marysangiovanni Mary SanGiovanni
Am not in PA with my peeps. I haz a sad. :(

My apologies.

Dan Collins

Dan Collins is a dude who blogs. He used to blog elsewhere. Now he blogs here.

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23Apr/111

America Catches the Obama Flu

Symptoms include listlessness, depression.

From The POH Diaries:

That’s what I get from two companion pieces this morning. One in the WSJ, the other in the NY Times. According to the Times, the Nation’s mood is at it’s lowest point in two years. Once again, bummer for Obama.

Capturing what appears to be an abrupt change in attitude, the survey shows that the number of Americans who think the economy is getting worse has jumped 13 percentage points in just one month. Though there have been encouraging signs of renewed growth since last fall, many economists are having second thoughts, warning that the pace of expansion might not be fast enough to create significant numbers of new jobs.

And further down in the article:

Disapproval of Mr. Obama’s handling of the economy has never been broader — at 57 percent of Americans — a warning sign as he begins to set his sights on re-election in 2012. And a similar percentage disapprove of how Mr. Obama is handling the federal budget deficit, though more disapprove of the way Republicans in Congress are.

Sure, this is all bad news for an incumbent headed into an election, but a guy with Obama’s winning personality can overcome all this, right? Maybe not. According to Daniel Henninger Obama’s winning personality has all but disappeared.

The Barack Obama we’ve been seeing lately is a different personality than the one that made a miracle run to the White House in 2008.

Obama.2008 was engaging, patient, open, optimistic and a self-identified conciliator.

Obama.2011 has been something else—testy, petulant, impatient, arrogant and increasingly a divider.

So who is the real Obama? The hopey changey guy from 2007-2008 or this guy now who gets an attitude at the drop of a hat. Henninger (so do I) thinks that this new Obama with the attitude problem is actually the genuine Obama.

Now, Obama is lashing out at "speculators" who are driving up the price of oil, but as Anthony Martin notes, it's actually the devaluation of the dollar that's largely to blame, and that in turn is based on Obama's policy of "quantitative easing," aka printing more money.

The nation stands on the brink of yet another similar crisis, except this time the consequences appear to be shaping up to be much worse, given the Obama Administration's and the Federal Reserve's policy of devaluing the dollar. The value of the dollar has now reached historic lows against the Euro, for example, and each time the dollar loses some of its value OPEC raises the price of crude oil. This is due to the fact that oil must be bought with the dollar. The dollar is the official currency of OPEC, and thus, purchases of crude from the Middle East must be made with the dollar, which is losing its value. This means it takes more dollars to purchase oil because the dollar isn't worth as much as before.

And what does Barack Obama and the Federal Reserve do to address this issue? Obama said he wants an investigation into 'speculators' who drive up the price of oil on the market. Misguided media personalities such as Fox News' Bill O'Reilly unfortunately buy into the lie, and he mouths the mantra each evening that if only we could go after the speculators, the gasoline crisis could be ended. Both are missing the heart of the issue--the dollar's decreasing value, the fact that the dollar is the official currency of OPEC, and OPEC's willingness to address the dollar's plunge by rising prices. Not only that, but OPEC declared this week that the oil market is glutted and thus, it will cut back on production. With less oil being produced, prices will go only higher...the law of supply and demand.

As for the Federal Reserve, the response has been to continue to devalue the dollar through 'Quantitative Easing,' or, the printing of more money--which only continues to drive the dollar downward in value.

Meanwhile, Americans suffer at the pump. Most Americans cannot afford $6 per gallon, and they will cut back on other purchases in order to merely get to work. Not only that, but rising gas prices will effect every sector of society. Goods, food, clothing, and other necessities must be transported to purchase points, and that transportation is fueled by oil. With rising costs of transporting goods, food, and other necessities, those prices will be passed along to consumers. The cost for food and clothing, for example, are already skyrocketing and will only go higher.

This is pretty basic stuff. You'd have to be a Krugman or Bernanke or some other kind of jackass not to see it coming. The administration begged (and probably threatened) S&P not to downgrade the US outlook--in other words, suborned fraud--because they understand that they'll have to purchase debt at higher interest, and that in turn will make the deficit greater, and the spiral will continue.

Birthers believe that Obama's Indonesian. He's not. He's Malaise-ian.

*******

For years, Katherine Cramer Walsh has had college students come into her office with concerns about grades or assignments. Lately, however, she has found herself being asked to offer romantic advice.

“I’ve had students coming to me in tears, saying, ‘I’ve been dating this person for a year and I don’t know if I can do it anymore,’” said Walsh, a UW-Madison political science professor.

The problem wasn’t fidelity or commitment — it was Gov. Scott Walker’s collective bargaining law. For some families, friends or even young couples in love, the debate over the bill and its move to curtail public worker union rights has become a dealbreaker that is fraying nerves and relationships all over the state.

“It’s a swing state not because we are all independent,” said Walsh, who travels Wisconsin as part of her job advising the Badger Poll. “It’s a swing state because there are people with strong leanings on both sides.”

Walsh continues:

The issues splitting the state now are not new to Walsh. Her job advising the statewide public opinion poll started taking her throughout Wisconsin in 2007, meeting with groups and asking them: “What do you care about?”

She saw a huge rural-urban divide. People resented how resources went to Madison and Milwaukee and believed their part of the state didn’t get a fair share.

In his gubernatorial campaign, Walker referred to public employees as the “haves” and to private sector workers as the “have-nots.” Walsh can see how that message might have resonated with some people.

In more rural areas of the state, particularly the tourist areas where many jobs are seasonal, teachers and public employees are some of the few who have steady salaries and good benefits.

“People feel, ‘They have so much and I have so little, and what they have is coming out of my pocket,’” Walsh said. “There is so much resentment.”

I guess I'd like to know which political parties have been pushing economic resentment, and to what end, if it's so endemic. The NLRB rulings that I've written about lately come to mind. We seem to be getting mixed signals:

Recently, a small town accountant tipped off the IRS that his employer was shorting the government on taxes. He was rewarded with a big fat check for $4.5 million (minus a 28% federal tax withholding, of course).

I’m sure the government thinks this reward is money well spent – it represents 22.5% of the $20 million in taxes that were recovered in the case, which at face value looks like a sound investment.

Consider, though, that the recovered tax was enough to keep the wheels on the bus going round and round for 2 minutes 18.4 seconds under the US government’s $3.82 trillion budget.

US Senator Chuck Grassley, a key sponsor of the 2006 bill that beefed up the IRS Whistleblower Program, couldn’t be happier: “It ought to encourage a lot of other people to squeal,” said Grassley when commenting on the case.

Grassley is a career politician. He entered the Iowa state legislature in his mid-20s almost as soon as finishing his university studies and meeting the age eligibility requirements set by the Iowa Constitution. Now at age 77 1/2, Grassley has 52-years of experience in spending other people’s money without ever having worried about earning any himself.

He’s not alone. Most of his peers are career politicians with tenures so lengthy it is as if they are entitled to their position by birthright, regardless of the destructiveness of their decisions.

Long-time politicians like Grassley who have been in the nucleus of power for so long are exactly the sort of people who are responsible for decades of mismanagement and horrendous fiscal decision-making. And now, after running the government into the ground, what is their solution?

Turn people against each other. Breed mistrust. Incentivize suspicion. Reward cannibalistic witch hunts. George Orwell couldn’t have scripted it better.

Well, look: I've got no problem with people blowing the whistle on tax cheats, but if the NLRB says that a union can fine and suspend someone for blowing the whistle on safety violations when doing so might cause trouble for their union brethren, what prevents a union from punishing a whistleblower who snitches on financial fraud? If it's okay for them to threaten to break someone's arms when they display what someone else regards as disloyalty to the union, can justifiable homicide be far behind? For that matter, why should anyone have to pay dues to a union as a condition of employment, and why should there be government contracts that can only be bid on by union contractors, when it is likely to mean the taxpayers are getting less bang for their buck?

Civility NOW!!! means Wisconsin educators warning gas station owners that they'd better not sell anything to legislators? Screw that.

You know, though, there are speculators out there who've been wanting to get rid of the dollar, whom Obama and Co. have been helping out a great deal, and who recently met at Bretton Woods to discuss their New World Order. Who elected them, I don't know.

Dan Collins

Dan Collins is a dude who blogs. He used to blog elsewhere. Now he blogs here.

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