Archive for February, 2011

Cynthia Dill: And the Oscar for Best Ideologue Goes to the Angry Fat Guy

Convinced that all government is in a state of complete and utter crisis? Is the heavy weight of debt crushing the life out of our future prosperity?

Maybe the real load doomed to sink us is related to the girth of some of the guys running things around here. Over seventy-two percent of American men are overweight or obese, and they hold the reigns of power in the United States.

Women, weighing in significantly less, make up only 17% of the Congress, less than 24% of state legislatures, and less than 22% of state executive positions.


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Colin Firth Oscar Acceptance Speech (VIDEO)

No stutter here. Just modesty and humor. Guess the lessons from Dr. Logue really did pay off.

Colin Firth delivered a funny, humble acceptance speech for his Oscar win for Best Actor for his role as King George VI In "The King's Speech," crediting his cast, producers and wife for his good fortune. He also kinda sorta implied that he might puke on stage.

"I'm afraid I have to warn you that I'm experiencing stirrings somewhere in the upper abdominals which are threatening to form themselves into dance moves," he joked. "Joyous as they may be for me, it would be extremely problematic if they make it to my legs before I get offstage."


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Senator Calls On Facebook, Twitter, Others To Up Security

(Reuters) - Sen. Charles Schumer on Sunday called on major U.S. web site operators such as Amazon and Twitter to switch to a more secure protocol to prevent identify theft and other security breaches in places like coffee shops.

The New York Democrat told a news conference held at a Manhattan coffee shop that growing WiFi access at such shops, restaurants and other businesses was helping hackers gain user information like credit card numbers and account passwords.


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John Boehner: Debt On ‘Unsustainable And Immoral Path’

NASHVILLE, Tenn. — House Speaker John Boehner in a speech to religious broadcasters on Sunday called it a "moral responsibility" to rein in the federal debt.

Boehner said Republicans will work to prevent a shutdown of the federal government, but not without spending cuts.


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John Boehner: Debt ‘A Mortal Threat’

"Yes, this debt is a mortal threat to our country; it is also a moral threat," Boehner says in the prepared speech. "It is immoral to bind our children to as leeching and destructive a force as debt. It is immoral to rob our children's future and make them beholden to China. No society is worthy that treats its children so shabbily."


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Executives Behind Financial Crisis Face Little Risk Of Being Caught

So much for Angelo Mozilo taking the fall for the financial crisis.

Late last week, word leaked out that Mr. Mozilo, who had co-founded Countrywide Financial in 1969 -- and, for nearly 40 years, presided over its astonishing rise and its equally astonishing fall -- would not be prosecuted by the Justice Department. Not for insider trading. Not for failing to disclose to investors his private worries about subprime loans. Not for helping to create a culture at Countrywide in which mortgage originators were rewarded for pushing fraudulent loans on borrowers.


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Debt takes a huge chunk out of California’s beleaguered budget

After a 10-year borrowing binge, the upcoming budget is expected to spend more on debt than public universities or state parks. Next year's repayments — $7.65 billion — could make up a quarter of the deficit.

Closing California's deficit this year would be immeasurably easier if the state weren't paying for a 10-year borrowing binge.


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Charles Kolb: Budget Priorities: Putting Our Children First

Budget season is here. It is an annual occasion that provokes partisan posturing, policy feints, and, upon occasion, even a federal government shutdown. Last year's season was notable because it produced the usual drama of committee hearings and tens of thousands of staff hours spent on this process in both the Congress and the administration. In the end, not one single appropriations bill was enacted. Not one - only the second time this has happened in the last decade and a half.

This year's season is also shaping up to be special, too.

The president's annual message to the Congress was preceded by a national commission (appointed by President Obama himself plus recommendations from the Bipartisan Policy Center Debt Reduction Task Force and other private organizations) whose recommendations have been pointedly ignored by the president's own Valentine's Day federal submission. The president's commission called for major structural changes in federal entitlement programs (the main drivers of our massive unsustainable federal deficits), and yet the president's proposals leave the debt on the edge of an explosion. The House of Representatives is in the process of attempting to solve the deficit by making misguided cuts halfway into this funding year.


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Jim Wallis: This is Not Fiscal Conservatism. It’s Just Politics.

The current budget and deficit debate in America is now dominating the daily headlines. There is even talk of shutting down the government if the budget-cutters don't get their way. There is no doubt that excessive deficits are a moral issue and could leave our children and grandchildren with crushing debt. But what the politicians and pundits have yet to acknowledge is that how you reduce the deficit is also a moral issue. As Sojourners said in the last big budget debate in 2005, "A budget is a moral document." For a family, church, city, state, or nation, a budget reveals what your fundamental priorities are: who is important and who is not; what is important and what is not. It's time to bring that slogan back, and build a coalition and campaign around it.

The governor of Wisconsin, Scott Walker, says he only really cares about his budget deficit; however, it now appears that he proudly sees himself as the first domino in a new strategy for Republican governors to break their public employee unions. (We are already seeing similar actions in Indiana, Ohio, and New Jersey.)  Governor Walker's proposed bill is really more about his ideological commitments and conservative politics -- which favor business over labor -- than about his concern for Wisconsin's financial health. Thousands of working-class Americans are now protesting in the streets of Madison and have made this a national debate. Even protesters in Egypt are sending messages of hope (and pizzas) to the Wisconsin demonstrators.

The Republican governors' counter parts in the U.S. House of Representatives are also not cutting spending where the real money is, such as in military spending, corporate tax cuts and loop holes, and long term health-care costs. Instead, they are cutting programs for the poorest people at home and around the world. This is also just political and not genuine fiscal conservatism. It is a direct attack on programs that help the poor and an all-out defense of the largesse handed out to big corporations and military contractors. If a budget is a moral document, these budget-cutters show that their priorities are to protect the richest Americans and abandon the poorest -- and this is an ideological and moral choice. The proposed House cuts, which were just sent to the Senate, are full of disproportionate cuts to initiatives that have proven to save children's lives and overcome poverty, while leaving untouched the most corrupt and wasteful spending of all American tax dollars -- the Pentagon entitlement program. This is not fiscal integrity; this is hypocrisy.


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Karen K. Harris: Alternative Credit Reporting: Is Experian Really Going to Help You Rebuild Your Credit?

To be financially stable, Americans must have access to credit. It remains to be seen whether alternative data is the appropriate way to ensure that credit for low-income families.
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