“I think we need to redo the air-traffic-control system — we’ve probably have had to redo it for a long time. I think the idea of privatizing it would make all the sense in the world, because I think it would take a new look at it, and get it organized differently.”—
Over the weekend, the New York Sun took a shot at Ben Bernanke and a whole host of economists that ridiculed Sarah Palin for her immediate criticism of the Fed’s second round of quantitative easing as inflationary and damaging to the US dollar. At the time, even the Wall Street Journal’s pages could barely contain their derision for Palin’s warning of inflation impacting food prices and eroding consumer buying power just when they were most needed for economic recovery. With the dollar tumbling and gas and food prices soaring, the Sun wonders whether we could do worse than to put Palin in Bernanke’s place
Don’t get me wrong, I hate Sarah Palin as much as the next liberal, but this time I have to admit I agree with her
She’s absolutely correct. I have such a strong dislike in her (nearing hate) but she’s right in this case. And what with China dropping $2 trillion USD from their reserves because of the Fed’s behaviors, we’re really on our way to an absolutely worthless dollar.
and thus the final stages of the declining American empire begin. This is the trigger even I’ve been waiting for - and it’s materialized before my very eyes! Welp, looks like when I’m in the Navy I’ll be paying China a visit. Sadly, it won’t be on vacation, but rather to convince them to hold US Dollars with Tomahawk missiles.
This is why having a central bank monopolizing our money supply is dangerous. Not only do we have a wave on inflation coming from printing/FRB, we now have this coming to offer more inflation. Our economy could collapse completely.
“Don’t be afraid to be a fool. Remember, you cannot be both young and wise. Young people who pretend to be wise to the ways of the world are mostly just cynics. Cynicism masquerades as wisdom, but it is the farthest thing from it. Because cynics don’t learn anything. Because cynicism is a self-imposed blindness, a rejection of the world because we are afraid it will hurt us or disappoint us. Cynics always say no. But saying yes begins things. Saying yes is how things grow. Saying yes leads to knowledge. “Yes” is for young people. So for as long as you have the strength to, say yes.”— Stephen Colbert, via Dave (via heather-rivers)
Feminist hand-wringing about the wage gap relies on the assumption that the differences in average earnings stem from discrimination. Thus the mantra that women make only 77% of what men earn for equal work. But even a cursory review of the data proves this assumption false.
The Department of Labor’s Time Use survey shows that full-time working women spend an average of 8.01 hours per day on the job, compared to 8.75 hours for full-time working men. One would expect that someone who works 9% more would also earn more. This one fact alone accounts for more than a third of the wage gap.
Choice of occupation also plays an important role in earnings. While feminists suggest that women are coerced into lower-paying job sectors, most women know that something else is often at work. Women gravitate toward jobs with fewer risks, more comfortable conditions, regular hours, more personal fulfillment and greater flexibility. Simply put, many women—not all, but enough to have a big impact on the statistics—are willing to trade higher pay for other desirable job characteristics.
Men, by contrast, often take on jobs that involve physical labor, outdoor work, overnight shifts and dangerous conditions (which is also why men suffer the overwhelming majority of injuries and deaths at the workplace). They put up with these unpleasant factors so that they can earn more.
Recent studies have shown that the wage gap shrinks—or even reverses—when relevant factors are taken into account and comparisons are made between men and women in similar circumstances. In a 2010 study of single, childless urban workers between the ages of 22 and 30, the research firm Reach Advisors found that women earned an average of 8% more than their male counterparts. Given that women are outpacing men in educational attainment, and that our economy is increasingly geared toward knowledge-based jobs, it makes sense that women’s earnings are going up compared to men’s.
I would love to hear some data-based counter-arguments to this. The first thing that jumps to my mind is that a survey based on childless, single people is not dispositive, because many women often complain about the gender pay gap arising due to the likelihood of maternity leave; employers might discriminate more against a woman with kids than a man with kids because they expect the women to be more likely to take time off to take care of the children.
Can anybody locate the study that Carrie Lukas (the author) is talking about here to make sure she’s not just blowing smoke up our collective posterior?
I’m sorry, but the pay-gap issue is over exaggerated entirely (like most other issues in today’s world). And what people aren’t seeing are the performances of the employees. If one employee is doing better than the other and the employer decides to pay them more, then by all means they should be allowed to be paid more. By 1) regulating equal pay you’re maiming the ability for successful workers to earn a better living 2) looking at it as sexism, you’re only screwing yourself. I’m not saying that men are better workers but it’s been proven that men ask for opportunities more than women do (statistically). Women generally go with the flow and do their jobs as the employers say. They believe their hard work will gain them better opportunities. And it does. Just not as often as the initiative to openly pursue it; yes, even if it means challenging one’s boss.
The statistics Carrie Lukas are talking about are probably bogus. Like most statistics in politics. But really, the broad view on the pay-gap is immediately sexism to some people and it stuns me.
“Worst of all, this is a vision that says even though America can’t afford to invest in education or clean energy; even though we can’t afford to care for seniors and poor children, we can somehow afford more than $1 trillion in new tax breaks for the wealthy. Think about it. In the last decade, the average income of the bottom 90% of all working Americans actually declined. The top 1% saw their income rise by an average of more than a quarter of a million dollars each. And that’s who needs to pay less taxes? They want to give people like me a two hundred thousand dollar tax cut that’s paid for by asking thirty three seniors to each pay six thousand dollars more in health costs? That’s not right, and it’s not going to happen as long as I’m President.”
This is true; we absolutely cannot give any tax breaks until decent amounts of spending are cut. We cut about $38 billion from our expenditures, but that is a drop in the bucket. More needs to be done. Most entitlements need to be slashed absolutely. Except it’s hard to do because people always seem to say “cut every entitlement but mine!” President Obama is correct, but the tax breaks don’t have to be that way if we cut the spending he so enthusiastically supports. Senior citizens won’t have to make up for the tax cuts if we do so. Democrats: Realize this. Republicans: Realize this. You can’t give cuts and keep spending near the same. You seem to be just as ignorant economically as you are socially.
“I’m from where they cut your hands off if you make a fist,
And niggaz grow coca cause the job market doesn’t exist,
Except slave labour modern day company store,
And peacekeepers don’t ever ever ever come here no more,
From where the bombs that they used to drop on Vietnam,
Still has children born deformed 8 months before they gone,
I’m from where they lost the true meaning of the Koran,
Cause heroin is not compatible with Islam,
And niggaz know that but grow that poppy seed anyway,
Cause that food drop parachute does not come everyday,
I’m from where people pray to the gods of they conquerors,
And practically every presidents a money launderer,
From where the only place democracy’s acceptable,
is if Americas candidate is electable,
And they might even have a black president but he’s useless,
Cause he does not control the economy stupid!”—Immortal Technique
To be honest, I’m shocked. I’m sure they all remembered back to 1995 and I’m sure Boehner doesn’t want that on his record. Still shocked though. But it’s not all voted on. It’s pretty much a done deal but let’s see what happens. Because after this, they vote on the debt ceiling.
In all fairness I must admit I was mistaken and misread the article. It actually ends up it gets $363m in Federal funding, that is just Title X funding. So 33%. That’s a bit more than I thought, but ehh, there’s still no reason that can’t be made up through privatization.
You’re right. It’s a shame though. We really need the cutbacks on these welfare investments to be gradual, beginning with cutting other fundings. Because it won’t make it up through privatization if taxes remain nearly the same and a service is taken away from those who are kept subservient.
In 1995, President Bill Clinton and Speaker of the House Newt Gingrich sparred over a budget for the fiscal year. The Constitution states that if a budget is not agreed upon, the federal government shuts down. Everything stops.
Well, not anymore. Social Security and a few other institutions are upheld (such as the post office). But in 1995, the two parties were not too divided. They did not feud as much as today’s parties do; and even in that case, the government shutdown last 21 days. And guess what it cost the taxpayers? $800 million. They had to foot the bill for the furloughed federal employees. It was a public relations nightmare for both parties. They, after three weeks, became less idealistic and realized their constituents were losing faith for the effort. The government decided on a budget finally.
But what about today? What about the two-party system in this scenario? What of the economy? It’s all very different. For one, Speaker Boehner and President Obama do not have as strained as a relationship as Clinton and Gingrich did. But what really counts is the voting held in the House and Senate. What really matters, unfortunately, are party lines. It’s sad, and it creates ideologues for each party, but it’s true.
Look at the health care reform and how it angered so many people. Obama was called a socialist and then the Tea Party movement was set in place. This pushed the right-wing agenda further right. To cope, the left went more left. Our American spectrum is widening, and it isn’t good. The parties are arguing what the idealistic constituents want them to argue. No real compromise is happening.
And what’s worse is that both parties believe a shutdown will gain them more support. This thought and this thought alone is what kept the ‘95 shutdown running for 21 days. Well with new extreme party tensions and the need for each side to prove the other wrong, this could prove to be devastating.
This of course will hurt out economy. We’re just coming out of the worst recession in decades (private sector added 200,000 jobs last month), and the government is about to stop paychecks to 800,000 government employees. This will hurt the private sector as well as public. Now whether I disagree with their positions or not is not the matter right now; the matter is that 800,000 people will have no money for who-knows-how-long. All of our soldiers stop getting paychecks and after a while, more institutions could stop their payrolls.
Soldiers will fight now and get payed later for this. But Mr. Obama and Mr. Boehner, men who make hundreds of thousands of dollars a year will continue to receive paychecks. The president receives a salary of near $500,000 and he gets his paycheck, but the marine on tour in Afghanistan won’t receive his. Does that seem a little messed up to you?
If they don’t decide on a budget soon then we are screwed. Democrats wish to raise the debt limit (we’re only $80 billion under the ceiling) and Republicans wish to decrease expenditures and the deficit so as to not reach the ceiling. The debt ceiling is $14.294 trillion and is only able to be raised by Congress. We’re at $14.212 trillion. We’ve borrowed a lot of money and won’t be able to borrow anymore to fuel expenditures once we reach the limit.
My prediction is that we will have a government shutdown and it will last at least 3 weeks. I feel like definitely more, but we’ll see how each party feels when our economy stops recovering and when taxpayers foot the bill.
I feel like I wanted one, so I created one, ignored it, and will now use it to simply reblog cool little things that aren’t politics. Now I don’t have to resist the urge to reblog anything funny. nicknapolitan.tumblr.com if you want it.
I think you might like The 4th Branch by Immortal Technique. Although I can’t tell if he’s a statist or libertarian; it seems he’s always blaming government and business. I get the feeling he’s a libertarian socialist, like Molyneux. Anyway, the song pretty much talks about the lies of public and private media.