Big Government’s spawn: unemployment (and it’s worse than you think)

The U.S. labor force is shrinking, as more Americans are giving up hope

By Chris Isidore (CNNMoney):  Last month, only 58.1% of Americans age 16 and over were employed, a significant drop from before the recession and the lowest since 1983.

That’s especially worrisome to economists, who say a steady increase in those dropping out of the work force and not being counted in the unemployment rate is disguising just how bad the labor market really is.

“People are dropping out of labor force for all types of reasons,” said Robert Brusca of FAO Economics. “And it’s not a good trend. A good part of the wealth of a nation has to do with the proportion of population that works.”

Some economists say that the employment-population ratio, or “e-pop,” is a more accurate snapshot of the labor market than the unemployment rate, which fell to 9.1% last month from 10.1% in October 2009.

“When we have a time when the labor force is not growing normally, e-pop provides the cleanest assessment of what is going on in the labor market,” said Heidi Shierholz, a labor economist with the Employment Policy Institute, a liberal think tank. “What you see is from ’07 to ’09 — it fell off a cliff, and it hasn’t recovered since then.”

Read more at CNNMoney HERE.

Obama’s chief strategist stupidly blames Tea Party for downgrade

By Gabriella Schwarz (CNN):  President Barack Obama’s chief re-election strategist on Sunday blamed Standard & Poor’s downgrade of the United States’ credit rating on tea party conservatives who made raising the federal debt ceiling a political issue.

“This is essentially a tea party downgrade,” David Axelrod told the CBS program “Face the Nation.” “The tea party brought us to the brink of a default.”

Axelrod, who left the White House earlier this year to focus on Obama’s 2012 campaign, said the country was pushed to the financial brink by some conservative Republicans.

“It was the wrong thing to do to push the country to that point. And it’s something that that should never have happened,” Axelrod said. “That clearly is on the backs of those who were willing to see the country default, those very strident voices in the tea party.”

However, Republican Sen. Lindsey Graham pushed back, saying that proposals from members of the tea party movement could have prevented the S&P downgrade.

“If we’d listened to the tea party, we’d have $4 trillion reductions in debt over time and not been downgraded,” the South Carolina senator said on the CBS program. “The tea party hasn’t destroyed Washington; Washington was destroyed before the tea party got there.”

Read more at CNN HERE.

Debt Ceiling debacle – Total Tea Party Betrayal

Abandoned on the Field as the ‘Nobles’ Surrender

By Mark America:  The talking points prevailing in the wake of the debt ceiling debacle would have you believe that this deal had been a compromise, and the best for which conservatives and Tea Party ought to have hoped possible.  At the end of the debates lies a truth concealed by all the fluff:  There was no compromise in this debate; one side prevailed, but it wasn’t the Tea Party.  In a betrayal reminiscent of the movie Braveheart, when the Scottish nobility deserted the field, abandoning William Wallace to defeat, Republican leaders likewise abandoned the Tea Party, not for compromise, but in infamy by betrayal and surrender for the sake of their own hides.

Willing to risk nothing, the Republican establishment has become an increasingly intractable part of the Beltway Axis.  Like the nobles in the movie, they’re taking their special privileges and carve-outs in exchange for their complicity and silence.  For an outcome to be considered a compromise implies that both parties to the exchange ought to have obtained equal measure of consideration for their part, in trade for a yielding of approximately equal value.  There can be no compromise where one’s position isn’t ultimately advanced, and any examination of the much-ballyhooed Budget Control Act reveals that for their part, the Republicans accepted complete capitulation with a few face-saving bones thrown their way.  None should be so foolish as to accept these bones for anything other than an insult, and the injury done by this act will exceed by many times the few strings of rancid gristle left to the Tea Party are more cause for anger and despair than for celebration.

Let’s consider what this bill has wrought:

*A new ‘Super-Congress’ that ultimately answers only to the establishment

*A total of $917 billion in ‘cut’s the vast bulk of which occur some time in the future

*A failure to sufficiently reduce deficit spending – credit rating downgrades now seem inevitable

*A failure to first pass a Balanced Budget Amendment out of both houses

*A failure to make anything other than token cuts to FY 2012 or 2013

*A virtual guarantee on the expiration of the so-called “Bush Tax Cuts” in January 2013(after the election)

*A complex process of ‘triggers’ that allows politicians to shrug their shoulders and disclaim responsibility

*A guarantee that for at least two years, Barack Obama will continue to spend your money and your future

Now, I’d like to contrast this with what was gained, in exchange, as the nobles quickly scurry from the field of battle, trumpeting “victory” as the advancing tide of Longshanks’ Army descends upon us to put an end to our ‘uprising’:

*A vote on a Balanced Budget Amendment with too many loopholes and no guarantee of passage

*More than $7 Trillion in additional debt

*A greater proportion of the budget going to service that debt, and at higher rates

*A brief respite from the harangue that Republicans hate people

This is what the Republican ‘nobles’ quit the fight to achieve by way of so-called  ‘compromise’?  Why bother? Why not simply slap the shackles and chains upon us themselves?  For all intents and purposes, that is precisely what they have done, because this new law does nothing to immediately begin the process of changing our course to something closer to sustainability.  This bill does nothing to preserve the value of the dollar or the credit-worthiness of our government.  This bill is a disaster unmitigated by the bare bones we’re being fed as scrap from the establishment’s table.  Those in the Republican leadership in DC,  who call this bill a ‘compromise,’ are simply concealing what it really is:  Complete betrayal, and unconditional surrender.

Now, there are those conservatives who are still looking for some scrap upon which to rest the premise that this ‘compromise’ has been anything but a disaster, but the proof will be in the final tally of its effects, and from any angle I view it, the alleged benefits are more smoke and mirrors, and the detriments are vast and self-defeating.

There can be no compromise on first principles without an effective surrender.  In this case, what the Republican leadership has accomplished is to deliver the Tea Party and conservatives to the adversary.  For this monstrous betrayal, what have establishment Republicans received?  For all intents and purposes, even they have received nothing, except some temporary restraints in the vile language ordinarily hurled against them.

Read more at MarkAmerica.com HERE.

Is the Debt Ceiling Legislation Unconstitutional?

 

By Herb Titus & William Olson (American Thinker):

In a Constitutional Republic of the sort that we thought we had, the process by which laws are made is at least as important as the laws that are enacted.  Our Constitution prescribes that law-making process in some detail, but those who voted for the “Budget Control Act of 2011” (“BCA 2011”) were wholly unconcerned about trampling upon required constitutional processes on the way to the nirvana of “bi-partisan consensus “to avert a supposed crisis.  At least two titles of the bill now being rushed through Congress are unconstitutional.

First, the “Debt Ceiling Disapproval Process” in BCA 2011 Title III unconstitutionally upends the legislative process.

The Constitution’s Article I, Section 8, Clause 2 vests in Congress the power “to borrow Money on the credit of the United States.”  As two of America’s leading constitutionalists, St. George Tucker and Joseph Story, observed, the power to borrow money is “inseparably connected” with that of “raising a revenue.”  Thus, from the founding of the American republic through 1917, Congress — vested with the power “to lay and collect taxes, duties and imposts,” — kept a tight rein on borrowing, and authorized each individual debt issuance separately.

To provide more flexibility to finance the United States involvement in World War I, Congress established an aggregate limit, or ceiling, on the total amount of bonds that could be issued.  This gave birth to the congressional practice of setting a limit on all federal debt.  While Congress no longer approved each individual debt issuance, it determined the upper limit above which borrowing was not permitted.  Thus, on February 12, 2010, Congress set a debt ceiling of $14.294 trillion, which President Obama signed into law.

However, a different approach was used when BCA 2011 was signed into law on August 2, 2011.  Title III of the Act reads the “Debt Ceiling Disapproval Process.”  Under this title Congress has transferred to the President the power to “determine” that the debt ceiling is too low, and that further borrowing is required to meet existing commitments,” subject only to congressional “disapproval.”  For the first time in American history the power to borrow money on the credit of the United States has been disconnected from the power to raise revenue.  What St. George Tucker and Joseph Story stated were inseparable powers have now by statute been separated.

Under the new process established by this bill, if the President determines, no later than December 31, 2011, that the nation’s debt is within $100 billion of the existing debt limit and that further borrowing is required to meet existing commitments, the debt limit automatically increases.  The President need only to certify to Congress that he has made the required determination.  Once the President acts, the Secretary of the Treasury may borrow $900 billion “subject to the enactment of a joint resolution of disapproval enacted” by Congress.

But this is not all. Title III also provides that if Congress fails to disapprove the debt ceiling increase in the amount of $900 billion, the President may again certify to Congress that he has determined that the debt subject to the new ceiling is within $100 billion and that further borrowing is required to meet existing commitments.  So the Secretary of Treasury is authorized to borrow another $1.2 trillion.  Indeed, the Secretary may borrow even more — up to $1.5 trillion if a proposed balanced budget amendment has been submitted to the states for ratification.  As was true of the first round of ceiling raising and borrowing, the President and Secretary of the Treasury are constrained only by the possibility of a congressional resolution of disapproval which, itself, is subject to veto by the President.

By giving the President the authority to increase the debt ceiling and to determine that borrowing is necessary to meet the nation’s commitments, this bill turns the legislative process on its head.  According to Article I, Section 7, before an act can become a law, it must first be passed as a bill by the House of Representatives and the Senate.  Thus, any action taken to authorize the borrowing of money on the credit of the United States – whether such action is a formal bill or a vote or resolution — must be initiated by Congress and, then, presented to the President for his veto or signature.  This bill creates what it calls a “Debt Ceiling Disapproval Process” whereby the constitutional process is reversed.  Instead of Congress’s initiating the decision to borrow money, the President has the initiative.  Congress is relegated to the role of having to disapprove the President’s decision to lift the debt ceiling and authorize the Secretary of Treasury to do what the Constitution says only Congress may do — borrow money on the credit of the United States.

Instead of constitutional order, in which Congress presents a law authorizing the borrowing of money to the President to sign or veto, the President presents to the Congress his determination that more money is to be borrowed, subject to the acquiescence or veto of Congress.

Second, the joint select committee on deficit reduction provision undermines the constitutionally established bicameral legislative process.

Read more at American Thinker HERE.

Top Murkowski aide, central to reelection, headed to prison

By Steven Nelson (Daily Caller):

Alaska Republican Sen. Lisa Murkowski’s longtime fisheries adviser is heading to prison — for illegal fishing.

Arne Fuglvog, who was employed as a legislative assistant to Murkowski beginning in 2006, signed a plea agreement on April 8 confessing to violations of the Lacey Act. The act governs the sale of unlawfully captured wildlife.

In 2005, Fuglvog harvested twice the amount of sablefish that his commercial fishing permit allowed for in the “Central Gulf” region of the Gulf of Alaska, then falsified reports to cover up the loot — valued at approximately $100,000.

If the plea agreement is accepted by a judge, Fuglvog will spend 10 months in jail and be fined $50,000, mandated to author a confession in the National Fisherman Magazine and forced to give $100,000 to the National Fish and Wildlife Foundation.

Although the plea agreement was signed four months ago, Fuglvog was not officially charged until Monday. On Sunday he resigned from Murkowski’s staff.

In a statement to the Alaska Dispatch, Murkowski said, “He knows the importance and value of our fisheries, and he also knows what all fishermen understand: fishing laws and regulations must be followed.” She said that he understood the consequences of his actions.

It is unclear when Murkowski learned of the investigation into Fuglvog’s fishing violations. A spokesman for the senator told the Anchorage Daily News, “This is an ongoing legal issue, so we cannot comment further at this time.”

Fugalov was reportedly the frontrunner for an appointment to lead the National Marine Fisheries Service in 2009, but withdrew his name from consideration.

Read more HERE.

They hate Palin because they can’t control her

By AWR Hawkins (BigGovernment.com):

No one in recent memory has faced the left’s vitriol like Sarah Palin (not even George W. Bush). The over-the-top, asinine attacks she’s received have been so ubiquitous they need not even be relisted here. Just suffice it to say there is a genuine hatred of Palin throughout the MSM, the leadership of the Democrat Party, and the Republican Party establishment.

And don’t be fooled folks: they don’t hate her because of her convictions – although they despise her convictions – rather, they hate her because they can’t control her.

Fortunately, the hatred the left holds for Palin is more than overcome by the love conservatives and right-leaning Independents have for her. They see in her a refreshing image that dares cast certain issues in the prism of right and wrong, just and unjust, American and un-American, etc.

Perhaps as a group, the Tea Party has come closest to receiving the kind of vindictive normally reserved for Palin alone. There’s no doubt they’re hated as she is hated, and equally no doubt that the hatred is a result of the fact that the MSM, the leadership of the Democrat Party, and the Republican Party establishment can’t control them.

For example, during the push to get Tea Partiers to “compromise” (which is political speak for check your convictions at the door) and support Boehner 3.0, an angry John McCain took to the Senate floor and referred to Tea Party conservatives in the House as “hobbits,” Senator Lisa Murkowski , whom Alaskans foolishly elected over Joe Miller last year, referred to them as “absolutists,” and John Kerry, the haughty one, described them as a group “of extremists, who don’t understand the implications even of what they’re doing.”

(I’m not 100% sure, but I think Kerry said similar things about Vietnam combat vets who risked life and limb in a war he was able to extricate himself from via a number of wounds no one can prove he received.)

Anyway, lucid readers see that the MSM, the Democrat Party, and the Republican Party establishment loathe the fact that Tea Partiers continue to stand their ground.

Of course we can’t overlook the fact that there is a fear factor involved here as well. One of the reasons the left hates that which it can’t control is because leftists fear what they don’t dictate. Thus, no matter what they said in order to give an air of confidence during the recent debt ceiling negotiations in the House, the bottom line was that Speaker Boehner had the power to sink Obama’s ship had he locked arms with Tea Party conservatives and stood his ground. (The MSM, the Democrat leadership, and the Republican Party establishment all knew this.)

And all their mockery and dismissive language toward Palin notwithstanding, the left likewise knows that when she and the Tea Party lock arms, no one’s seat is safe during a primary or a general election. (The November 2010 elections proved this beyond the shadow of a doubt.) And Palin knows it too, thus, during the House battle over Boehner 3.0 she sent a message via Facebook in which she encouraged conservatives to stand their ground and warned the squeamish: “Everyone I talk to still believes in contested primaries.”

Read more HERE.

Biden, Democrats liken Tea Partiers to “Terrorists”

By JONATHAN ALLEN & JOHN BRESNAHAN (Politico):

Vice President Joe Biden joined House Democrats in lashing tea party Republicans Monday, accusing them of having “acted like terrorists” in the fight over raising the nation’s debt limit.

Biden was agreeing with a line of argument made by Rep. Mike Doyle (D-Pa.) at a two-hour, closed-door Democratic Caucus meeting.

“We have negotiated with terrorists,” an angry Doyle said, according to sources in the room. “This small group of terrorists have made it impossible to spend any money.”

Biden, driven by his Democratic allies’ misgivings about the debt-limit deal, responded: “They have acted like terrorists,” according to several sources in the room.

Biden’s office declined to comment about what the vice president said inside the closed-door session.

Earlier in the day, Biden told Senate Democrats that Republican leaders have “guns to their heads” in trying to negotiate deals.

The vice president’s hot rhetoric about tea party Republicans underscored the tense moment on Capitol Hill as four party leaders in both chambers work to round up the needed votes in an abbreviated time frame. The bill would raise the debt limit by as much as $2.4 trillion through the end of next year and reduce the deficit by an equal amount over the next decade.

Democrats had no shortage of colorful phrases in wake of the deal.

Rep. Emanuel Cleaver (D-Mo.) called it a “Satan sandwich,” and Rep. Luis Gutierrez (D-Ill.) called seemed to enjoy the heat analogy, saying: “the Tea Partiers and the GOP have made their slash and burn lunacy clear, and while I do not love this compromise, my vote is a hose to stop the burning. The arsonists must be stopped.

Read more at POLITICO HERE.

NASA Satellite Data Guts Global Warming Theories

by James Taylor (Forbes):

NASA satellite data from the years 2000 through 2011 show the Earth’s atmosphere is allowing far more heat to be released into space than alarmist computer models have predicted, reports a new study in the peer-reviewed science journal Remote Sensing. The study indicates far less future global warming will occur than United Nations computer models have predicted, and supports prior studies indicating increases in atmospheric carbon dioxide trap far less heat than alarmists have claimed.

Study co-author Dr. Roy Spencer, a principal research scientist at the University of Alabama in Huntsville and U.S. Science Team Leader for the Advanced Microwave Scanning Radiometer flying on NASA’s Aqua satellite, reports that real-world data from NASA’s Terra satellite contradict multiple assumptions fed into alarmist computer models.

“The satellite observations suggest there is much more energy lost to space during and after warming than the climate models show,” Spencer said in a July 26 University of Alabama press release. “There is a huge discrepancy between the data and the forecasts that is especially big over the oceans.”

In addition to finding that far less heat is being trapped than alarmist computer models have predicted, the NASA satellite data show the atmosphere begins shedding heat into space long before United Nations computer models predicted.

The new findings are extremely important and should dramatically alter the global warming debate.

Scientists on all sides of the global warming debate are in general agreement about how much heat is being directly trapped by human emissions of carbon dioxide (the answer is “not much”). However, the single most important issue in the global warming debate is whether carbon dioxide emissions will indirectly trap far more heat by causing large increases in atmospheric humidity and cirrus clouds. Alarmist computer models assume human carbon dioxide emissions indirectly cause substantial increases in atmospheric humidity and cirrus clouds (each of which are very effective at trapping heat), but real-world data have long shown that carbon dioxide emissions are not causing as much atmospheric humidity and cirrus clouds as the alarmist computer models have predicted.

The new NASA Terra satellite data are consistent with long-term NOAA and NASA data indicating atmospheric humidity and cirrus clouds are not increasing in the manner predicted by alarmist computer models. The Terra satellite data also support data collected by NASA’s ERBS satellite showing far more longwave radiation (and thus, heat) escaped into space between 1985 and 1999 than alarmist computer models had predicted. Together, the NASA ERBS and Terra satellite data show that for 25 years and counting, carbon dioxide emissions have directly and indirectly trapped far less heat than alarmist computer models have predicted.

In short, the central premise of alarmist global warming theory is that carbon dioxide emissions should be directly and indirectly trapping a certain amount of heat in the earth’s atmosphere and preventing it from escaping into space. Real-world measurements, however, show far less heat is being trapped in the earth’s atmosphere than the alarmist computer models predict, and far more heat is escaping into space than the alarmist computer models predict.

Read more at Forbes.com HERE.

Murkowski Signals Support for Reid Debt Bill

The Hill (by Josiah Ryan):

Forty-three GOP senators on Saturday signed a letter addressed to Senate Majority Leader Harry Reid (D-Nev.) expressing opposition to his debt-ceiling legislation currently being considered in the upper chamber.

Their unified opposition to the bill leaves Democrats at least three votes short of the 60 needed to a clear cloture and virtually assures its defeat when it comes up for a vote tonight or tomorrow morning.

Only moderate Republican Sens. Susan Collins (Maine), Olympia Snowe (Maine), Scott Brown (Mass.) and Lisa Murkowski (Alaska) did not sign on to the letter.

“We are writing to let you know that we will not vote for your $2.4 trillion debt limit amendment which, if enacted, would result in the single largest debt ceiling increase in the history of the United States,” reads the letter.

Read more at The Hill HERE.

Murkowski attacks Tea Party Again

Bloomberg (by Wingfield & Klimasinska):

“Absolutist” lawmakers aligned with the Tea Party have put the U.S. “on the brink,” Senator Lisa Murkowski said.

House Speaker John Boehner is grappling with a “situation that is perhaps out of his control” as he struggles to persuade those members to compromise on raising the U.S. debt ceiling, Murkowski, an Alaska Republican, said.

“I am really worried about where we are standing and I think part of that has come about because you have individuals that say, ‘It is my way or the highway,’” Murkowski, 54, said today in an interview at Bloomberg’s Washington office. “That is not how you govern.”

House Republicans backed by Tea Party groups have pledged to support a debt-ceiling increase only if it’s accompanied by spending cuts and doesn’t raise taxes. President Barack Obama and Democrats propose a mix of tax increases and spending reductions.

“You have folks who are so black-and-white, who are so absolutist, that we are in a process now where we are on the brink,” said Murkowski . . .

Read more at Bloomberg  HERE.