A dear young man died early this morning. Please pray for his friends and family.
Secretary Lew says that prioritizing payments would be “chaos.”
For people who cannot make rational decisions, such as politicians, he’s probably right. But let’s be rational and look at some numbers
The receipts for FY12, not including Social Security and Medicare taxes, were $1.6T.
So, let’s look at expenses:
That leaves a $70B surplus!
What’s missing? Why are we running a $1.1T deficit?
The latest is from the Washington (Com)Post:
The measure requires voters to present government-issued photo identification at the polls and shortens the early voting period from 17 to 10 days. It will also end pre-registration for 16- and 17-year-old voters who will be 18 on Election Day and eliminates same-day voter registration. (Emphasis mine.)
No, you liars, it does not end such preregistration.
Here is what the law actually says:
“PART 12(d) Citizenship and Age Questions. – Voter registration application forms shall include all of the following:
(1) The following question and statement:
a. “Are you a citizen of the United States of America?” and boxes for the applicant to check to indicate whether the applicant is or is not a citizen of the United States.
b. “If you checked ‘no’ in response to this question, do not submit this form.”
(2) The following
questionsquestion and statement:
a. “Will you be 18 years of age on or before election day?” and boxes for the applicant to check to indicate whether the applicant will be 18 years of age or older on election day.
b. “Are you at least 16 years of age and understand that you must be 18 years of age on or before election day to vote?” and boxes for the applicant to check to indicate whether the applicant is at least 16 years of age and understands that the applicant must be at least 18 years of age or older by election day to vote.
c. “If you checked ‘no’ in response to
both of these questions,this question, do not submit this form.”
All they did was remove the redundant question about whether one is currently 16 years of age. Since elections are every two years in North Carolina, if one answers question 12(d)(2)(a) in the affirmative, it is impossible to answer 12(d)(2)(b) in the negative. Thus, the question was redundant.
Those who will be 18 years old on election day can still register before they actually turn 18.
Last month, the jobs report came out with a whopping 190k jobs “created.” Of course, the press was all happy about this, despite the fact that that cam at the cost of full-time jobs. Part-time jobs increased by 350k, full-time job losses were 160k, and they were happy.
This month’s report says that we actually gained 124k full-time jobs and 103k part-time jobs, and it’s “disappointing”?
The only conclusion I can come to is that we are dealing with morons.
It has long been known that Minimum Wage laws have a detrimental effect on employment — particularly the employment of Blacks. These effects have been documented in Basic Economics and Race and Economics.
As Walter Williams points out, the first Minimum Wage laws were enacted for the express purpose of putting Blacks out of work.
Our very own Troll has admitted that there is anti-Black discrimination in employment, so if an employer must pay a minimum price for an employee, he will suffer no economic penalty if he discriminates against Blacks. If, however, he must pay seven dollars to get a White to do a job a Black will do for five, he will pay a two-dollar-per-hour penalty to hire the White worker.
But the question arises whether there can be an overall benefit to higher Minimum Wages.
The June jobs report is out. It’s not pretty. The Household survey reports that there were a total of 160,000 new jobs created last month (seasonally adjusted), but 432,000 part-time jobs. That’s a loss of 270,000 full-time jobs. As a result, the U6 unemployment rate has increased from 13.8% to 14.3% (also seasonally-adjusted).
0bamanomics: Giving new meaning to The Division of Labor.
Well, folks, it seems that I have been banned from an investment blog. In truth, the author of that blog, Joshua Kennon, expounds on other issues there besides investing, but he does call it an investment blog. Nonetheless, he saw fit to comment on the Supremes’ rulings on DOMA and Калифорния’s Proposition 8. Within the comments thereof, he references another post in which he wrote about his definition of morality:
A moral action is one that results in the maximization of both individual and collective happiness, freedom, and fulfillment without imposing unreasonable or unjustified costs upon third parties or the broader civilization.
Well, I had the temerity to point out that such a moral code requires far more foreknowledge of consequences than it is possible for a person to have.
Several examples came immediately to mind.
That last comment was deleted, and any IP address from which I commented in the past has been blocked from the site.
When you cannot defend your Weltanschauung, ban the one who challenges it.