HT to HotAir. Wonder whether to place this in WOT Politix or Seedy Pols or both. She's a dirtbag populist who can't make the economy work, so it's back to war-fever for re-election. Hillary's twin?
Seedy Politicians. This is a local issue, unconnected to either the world caliphate jihad or the Mexican drug gangs' war.
President Cristina Fernandez de Kirchner made the announcement as she said that "the Malvinas are Argentine for ever" and the government "will never yield in our claim".
President Kirchner was speaking at an event to mark the 29th anniversary of the invasion of the Falklands at the weekend. The country's presidential election is due in October and the decrees will be seen as evidence that President Kirchner will use patriotic sentiment over the Falklands to help to win votes.
Speaking at an event in Rio Gallegos, Santa Cruz province, she said: "I know we are going to recover what belongs to us." meaning an ass-kicking and bruised Argie pride, to be nursed and stoked for the next politician that needs to distract the rubes
Posted by: Frank G ||
04/04/2011 19:24 ||
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#1
thanks TW. I have my thoughts that she's part of the Evo/Hoogo narco-protection trust. But they are just that, thoughts. If she starts a war over the Falklands, where does that get placed?
Posted by: Frank G ||
04/04/2011 20:00 Comments ||
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Funny that this pops up right at the same time as an oil discovery in the Falklands is announced.
#3
So, maybe this is the time NATO finally dies as the Argies go back, England requests military assistance from the US IAW the NATO Charter and Obama refuses to act.
#4
Is it just me, or is anyone else suddenly getting mental images of UK Harriers taking off the "OUR PROPELLERS DON'T WANNA LEAVE PORT" CHARLES DE GAULLE???
The U.S. Treasury has released a final statement for the month of March that demonstrates that financial madness has gripped the federal government.
During the month, according to the Treasury, the federal government grossed $194 billion in tax revenue and paid out $65.898 billion in tax refunds (including $62.011 to individuals and $3.887 to businesses) thus netting $128.179 billion in tax revenue for March.
At the same, the Treasury paid out a total of $1.1187 trillion. When the $65.898 billion in tax refunds is deducted from that, the Treasury paid a net of $1.0528 trillion in federal expenses for March.
That $1.0528 trillion in spending for March equaled 8.2 times the $128.179 in net federal tax revenue for the month.
The lion's share of this federal spending went to redeem Treasury securities that had matured during the month--most of which were short-term Treasury bills that have terms of one-year or less.
In fact, during March the Treasury redeemed $705.3 billion in Treasury securities of which $623.9 billion were short-term bills with a term of one year or less. Wow... just wow. And people somehow think we can keep this level of spending up.
#1
Does this mean we have to give up funding for NPR?
Posted by: Matt ||
04/04/2011 18:23 Comments ||
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Isn't the median duration of federal debt now on the order of 3.5 - 4 years? If my memory isn't faulty the Treasury in a normal month would redeem around $300 - $333 billion on a $14T debt.
Heavy month but that's understandable as short term rates have been essentially zero for over a year now and to a cash-starved federal government selling very short term notes (like the majority redeemed in March) probably look like a pretty good deal.
Here's hoping for a failed Treasury auction to bring this whole corrupt house of cards down.
[Iran Press TV] US Democratic Congressmen have proposed to triple cuts in social spending for the remainder of the fiscal year 2011 as the deadline for an agreement looms.
The administration of US President Barack B.O. Obama and Congressional Democrats are preparing deep cuts to social expenditures, bringing it to an estimated $30 billion from $10 billion, which if agreed would mark the largest-ever federal budget cuts in social spending in a single year, reports said on Sunday.
Congressional Republicans and Democrats have been at loggerheads over the 2011 Fiscal Year federal budget, which is set to expire on April 8 amid consensus on the fact that any further extension, with the fiscal year more than half gone, is unlikely.
In order to avert shutdown, Obama had previously ordered temporary budget extensions of two weeks and three weeks respectively, adopted by Congress in February and March.
On Saturday, Obama called on Speaker of the House John It is not pronounced 'Boner!' Boehner ... the occasionally weepy leader of House Republicans... and Senate Majority Leader Harry Reid ... the charismatic former Senate majority leader ... to reach a resolution to the stalemate in Congress.
There has been continuing bickering between the two parties over the starting point for the process of "splitting the difference" between the $61 billion demanded by the Republicans and the budget proposals from the White House.
Boehner and other top House Republicans initially proposed cuts of $32 billion in current spending, but fierce opposition from Tea Party groups, who demanded $61 billion in cuts, ultimately scuttled the initial proposal and the Tea party numbers were passed in February.
US Republicans have demanded steep spending cuts, but Obama has warned that cuts that are too deep could put the country's fragile economic recovery at risk.
House Republicans had previously attempted to cut funding from the new healthcare law, Planned Parenthood and environmental protection laws such as regulations on greenhouse gas emissions, when the budget bill died in the Senate last month.
Obama has insisted on leaving areas like education, innovation and infrastructure off the spending cuts plan.
Posted by: Fred ||
04/04/2011 00:00 ||
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The town drunk announced that hew as taking a big step toward going sober - instead of drinking his usual twenty 'fifths' of whiskey this week, he would make a radical change - this week, he would leave half of a shot glass of whiskey behind in the twentieth bottle.
Aren't there still a thousand billions in a trillion?
Posted by: Fred ||
04/04/2011 8:37 Comments ||
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yes, but think about when the last time was that actual cuts, not "cuts in increases", has been proposed and acted on. It's happened already, and the sky hasn't fallen. The Donks are losing the perception battle.
Posted by: Frank G ||
04/04/2011 8:50 Comments ||
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US braces for record federal budget cuts
Well, when dealing with a record and unsustainable budget and debt, any cuts will also be a record even it it fails to make any substantial dent in the aforementioned.
#6
We've got two problems: the actual deficit, which is now so large Einstein couldn't get his head around it; and the perception, here and abroad, that buying Treasuries is a mug's game because Charmin is much softer and more valuable.
As woefully inadequate as this action is, it's the first indication (other than the emergence of the Tea Party movement itself) that we agree we're an alcoholic. So it may help on the perception front. Which is kind of important, because if we can't roll over the vast amount of debt we need to roll over, things get really ugly fast.
Posted by: Matt ||
04/04/2011 11:31 Comments ||
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U.S. braces for hangover after Zero pays for drunken binge on Credit Card.
#8
it's the first indication (other than the emergence of the Tea Party movement itself) that we agree we're an alcoholic.
I don't agree. The 'Federal budget cuts' are a total joke. Just the fact that the MSM calls the proposals 'cuts' indicates the lack of seriousness in the approach by the federals. The real first indications are happening in the state capitols of Wisconsin, Indiana & Ohio where the legislatures are restricting public unions and preparing to slash state expenditures. Even the MSM is starting to shift in its coverage of unfunded state & local public pension obligations.
If the US some day can't roll over its public debt, operations of the government & the health of the the national economy will fall off a cliff. It'll be beyond 'ugly.' I keep thinking about cashing in my 401 savings to keep the feds from confiscating them.
#10
What do you think the TARP and all the POMOs are? Whatever they are, they're not deductions or impairments of my ability to draw on them, a la Argentina.
#11
TARP was to bail out Euro banks who'd invested heavily in unsecured American swampland derivatives because they saw no ROI in Europe. Those loses panicked American financial houses to spook their sock puppets in Washington to mortgage the American taxpayer to cover the loses.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
The U.S. Treasury has released a final statement for the month of March that demonstrates that financial madness has gripped the federal government.
Harry Reid
