As Rep. Dan Webster (R-Fla.) ran down the 40 votes he's cast to defund Obamacare in a public meeting this week, Webster added: "I believe that Obamacare is bad for America ... and so does the president."
With that [sic] many constituents in the Winter Haven, Fla. Uh, has anyone seen my chief-of-staff?
town hall Thursday reacted with shock and outrage, with audience members exclaiming, "No he doesn't!" "Tell the truth!" "So does the president? Please." "Stop lying!" ....lucky he didn't fry some pacemakers....
#1
Ask those deniers why Obumble has deferred (quite possibly breaking the law in the process) several major provisions of the Obamacare law? If he thought it was good, he would not have done so.
#6
These idiot geezers hear only what Zero tells them. They don't realize he stole hundreds of millions from Medicare to pay for Obamacare and that their healthcare will be rationed. Die ignorant selfish asshats
Posted by: Frank G ||
08/18/2013 11:50 Comments ||
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[BLOOMBERG] Cook County, home to reliably Democrat Chicago, aka The Windy City or Mobtown ... home of Al Capone, a succession of Daleys, Barak Obama, and Rahm Emmanuel,... , had the rating on $3.7 billion of general-obligation bonds cut one level to A1 by Moodys Investors Service because it faces formidable hurdles in fixing its pension system.
The county of 5.2 million, the second-most-populous in the U.S., is the latest issuer in Illinois to have its rating cut by Moodys. The rating company reduced the states rank in June to A3, and last month dropped Chicagos grade three steps to A3. The outlook on all three is negative.
Cook Countys downgrade reflects the formidable hurdles facing the county in its quest to pursue meaningful pension reform, Moodys said today in a statement. Changes to the systems must be enacted by the state, which is faced with its own legislative paralysis, the company said.
Illinois politicians failed to restructure pensions saddled with almost $100 billion in unfunded liabilities before the legislative session ended May 31. They also didnt act in special sessions called by Democratic Governor Pat Quinn in June and July.
Illinoiss five state pension systems had 43 percent of assets needed to cover obligations in fiscal 2011, the lowest ratio among U.S. states, Bloomberg data show. Quinn, 64, has said finding a fix has confounded legislatures and governors for 70 years.
Todays downgrade is the direct result of the pension crisis we face and our inability to act without state legislation, Owen Kilmer, a front man for County Board President Toni Preckwinkle, said in an e-mailed statement. We will continue to be negatively affected by the states lack of attention to local pension funds.
Posted by: Fred ||
08/18/2013 11:13 ||
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#1
My only question is why it took so long to downgrade.
It's seemed to me for a long time that the various investment rating agencies were prime suspects in the corrupt financial system and its collapse. All those derivatives and packaged deals were just too good to be true.
#4
that's the problem for Cities, Raj. You pay higher rates for bonds, and the first one that denies bondholders made whole starts an avalanche away from Muni Bonds
Posted by: Frank G ||
08/18/2013 19:08 Comments ||
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#5
I'm sure Bernanke has been "investing" in those bonds...
Even indirectly.
[UTSANDIEGO] Barring any last-minute developments, Sunday is the day the clipboards get unleashed. People hoping to recall San Diego Mayor Bob Filner can begin circulating their petitions.
Campaign organizers said the next week or so will demonstrate whether the outrage and disgust they sense in the community over Filner's alleged sexual misconduct and other aspects of his tenure up to now will translate into people not only signing petitions, but seeking them out.
The effort faces daunting logistical hurdles -- gathering more than 100,000 signatures in a few weeks -- but organizers are optimistic. Unlike other recent initiatives about pension reform or genetically modified foods, this one won't take much explaining, they believe. It's a cause that sells itself.
In his official response, which is part of the petition, Filner said he is "committed to moving San Diego forward!" The next month or so will determine whether he and his constituents share a definition of what it means to move forward.
Posted by: Fred ||
08/18/2013 10:39 ||
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Dirty Dickie gets chopped off.
Posted by: Redneck Jim ||
08/18/2013 18:55 Comments ||
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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.
