24 Apr 2014

Newsbusters: “Maddow Condemns Non-Existent Plans to Criminalize Solar Power”

Per Newsbusters: In a bravura display of rhetorical contortion, Rachel Maddow spent 10 minutes last night talking about net metering without actually uttering the words themselves — all the better to prevent her gullible viewers from taking a closer look at this problematic policy. As mandated in 43 states and

05 Nov 2013

How much are you willing to pay to take food from the malnourished?

A couple of days ago, I posted a diary reviewing an LA Times column by Michael Hiltzik, entitled “The key to a happy society,” which was subsequently renamed “How much are you willing to pay for the pursuit of happiness.“ Since then, I’ve subsequently read that we’ve now cut $5

03 Nov 2013

The “nanny state” works

Ever since the LA times replaced Robert Scheer with Max Boot, their top political commentator has been their business-page columnist, Michael Hiltzik, and he is very, very good. Here are a few lines from today’s column: How much are we willing to pay for the pursuit of happiness? Research by

13 Oct 2013

Premium Treasury Bonds to Circumvent the Debt Ceiling [Updated x 2]

I’m a fan of Platinum-Coin Seigniorage (PCS) to circumvent the debt ceiling, but a new contender “Premium Treasury Bonds (PDBs)” has emerged, and it has a few advantages that make it more likely to be adopted by the White House: It doesn’t involve shiny round metal objects of enormous power,

10 Oct 2013

Purse Strings, the tale of two crises (UPDATED X3)

The “purse” of the U.S. is an account at the Federal Reserve (Fed) known at the Treasury’s General Account (TGA). And, like all bank accounts that purse has has two strings. The first, called “Withdrawal,” is handed to Congress by Section 9 of Article 1 of the U.S. Constitution: “No

08 Oct 2013

Crazy talk about defaults, prioritization, and missing Social Security payments

Per yesterday’s WSJ: Top Bankers Warn on U.S. Debt Proposal Finance Executives Warn Any Effort to Pay Bond Interest Before Other Obligations Could Pose Risk to Markets By DEBORAH SOLOMON and DAN STRUMPF Top Wall Street executives are warning that any effort to pay interest on U.S. debt before other

07 Oct 2013

Perspective on the debt-ceiling crisis

In hopes of extracting concessions from the rest of us, radical anti-governmental elements of the GOP have taken the nation’s debt limit hostage and are threatening to seriously harm America’s financial system. The last time they did this, they obtained the sequester as their concession. R.J. Eskow thinks that this

24 Aug 2013

LOVEINT, Yet Another “Limited Hangout” by the NSA, but …

Per WSJ: WASHINGTON—National Security Agency officers on several occasions have channeled their agency’s enormous eavesdropping power to spy on love interests, U.S. officials said. The practice isn’t frequent — one official estimated a handful of cases in the last decade — but it’s common enough to garner its own spycraft

22 Aug 2013

Obama is stalking us

If I were to pay someone to keep track of everyone you called or received a call from, that would constitute “stalking.” So, why is it okay for Obama to pay Verizon, AT&%, etc. for such information on you and me? Per Mark Klein — read the comments too —

08 Aug 2013

Is Obama demented or simply out of the loop? [UPDATED]

Per this transcript, Obama said the following during his appearance on Leno’s program: … there is no spying on Americans. We don’t have a domestic spying program. […] Well, we don’t know yet exactly what he did, other than what he’s said on the Internet, … Hopefully, at some point