10 Apr 2010

Fiscal Sustainability and the American Future

The purpose of the President’s recently constituted National Commission on Fiscal Responsibility and Reform as stated in Section 4 of the President’s Executive Order establishing the Commission is:

Sec. 4. Mission. The Commission is charged with identifying policies to improve the fiscal situation in the medium term and to achieve fiscal sustainability over the long run. Specifically, the Commission shall propose recommendations designed to balance the budget, excluding interest payments on the debt, by 2015. This result is projected to stabilize the debt-to-GDP ratio at an acceptable level once the economy recovers. The magnitude and timing of the policy measures necessary to achieve this goal are subject to considerable uncertainty and will depend on the evolution of the economy. In addition, the Commission shall propose recommendations that meaningfully improve the long-run fiscal outlook, including changes to address the growth of entitlement spending and the gap between the projected revenues and expenditures of the Federal Government.

Key words/phrases in this statement are: “fiscal situation,” “fiscal sustainability,” “balance the budget, excluding interest payments on the debt, by 2015,” “stabilize the debt-to-GDP ratio at an acceptable level once the economy recovers,” policy measures subject to uncertainty depending on the evolution of the economy,” and changes “that meaningfully improve the long-run fiscal outlook,” and “the gap between the projected revenues and expenditures of the Federal Government.” How are these related to each other?

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10 Apr 2010

Tina Fey Returns as Sarah Palin!!!

Fey as Palin on SNL

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10 Apr 2010

Late Late Night FDL: The Froze Nose Knows

The Ant and The Aardvark — The Froze Nose Knows. This Mirisch Films, Inc. cartoon was released on November 18, 1970.

What’s on your mind?

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10 Apr 2010

The Solid South

It is a popular today to say that the South has switched from voting Democratic to Republican. Many people are fond of looking at previous electoral maps. Hey, isn’t that funny – the states have completely switched parties. It’s like the Republicans have recreated the Solid South.

That statement is unequivocally false. Most people have no idea how unbelievably Democratic the Solid South was. For half a century, Democrats in the Deep South did about as well as the Communist Party did in Soviet Union elections.

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10 Apr 2010

Late Night: A Case of Spring-Nut Fever

Lawyer and National Review writer Shannen W. Coffin is Fed Up with oppressive governmental intrusions upon his Liberty, such as his inability to buy toxic pajamas for his children and the fact that he has to pick up after his dog after it takes a crap. He’s pretty upset, saying

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10 Apr 2010

Saturday Art: So Cool and a Preview

Mike Watt, Craig Kaufman and a show opening Tijuana with Clark V. Fox.

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10 Apr 2010

Saturday Art: So Cool and a Preview

Mike Watt, Craig Kaufman and a show opening Tijuana with Clark V. Fox.

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10 Apr 2010

More Saturday Art

Here are more photos of the artists I mentioned on The Seminal. Bass player poet, punk pioneer, San Pedro saint Mike Watt goes photog at Track 16 fCraig Kauffman current works at Frank Lloyd Clark V. Fox opens April 17 at La Casa de la Tunel in Tijuana with Peggy

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10 Apr 2010

Watercooler – Wealth and Inequality in Charts and Graphs

Business Insider has just published a striking series of charts and graphs that makes it crystal clear how much the wealth gap is increasing. It’s well worth the perusal.

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10 Apr 2010

Mom Hacks Facebook Account; Teen Sues

A teen has sued his mother for harassment after she logged into his Facebook account and changed content. On the face of it this looks like Mama-drama, but there’s probably more going here than a controlling, nosy mother.

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