Category Archives: Uncategorized

Detroit defaults: “We’re tapped out,” creditors will get 10 cents on the dollar; community “blight fight” groups will get $ 500 million . . .

DETROIT (WWJ) – . . . Detroit Emergency Manager Kevyn Orr . . . sat down in a closed-door meeting with about 150 creditors, bond holders and unions to discuss the city’s fiscal situation, seeking concessions that would save Detroit millions of dollars in payments.

Perhaps the most dramatic aspect of his plan: Orr said, starting now, there will be a moratorium on debt payments for all unsecured funded debt. Creditors are being asked to take about 10 cents on the dollar of what’s owed them. Underfunded pension claims would get less.

This latest comes as Detroit continues to spend more money than it takes in as revenue. The city’s budget deficit could top $380 million by July 1, and Orr now estimates the city’s long-term debt at $20 billion.

As part of the proposal, Orr said he wants to invest $1.25 billion in the city for police and fire; and $500 million to fight blight.

“We’re tapped out,” Orr said.

Rubio: Border security must wait because first we have to “do something” about illegal immigrants by legalizing them . . .

From the Center:

Rahm Emanuel reminded us early in the Obama Administration that Progressives never let a “crisis go to waste . . . it’s an opportunity to do things you think you could not do before.”

Government by continuing crisis, whether fact-based or by press release, is the Progressives preferred political strategy. The activists and their mainstream media allies hype a so-called crisis and then demand that the government “do something” about it. When that “something” fails, we are told that “it would have been worse” and we now must “do more.”

Unfortunately, Sen. Rubio, in pushing his Amnesty Bill, is playing the “do something” card to convince Americans that “legalization” of illegal immigrants must come before border security because “you have to do something with the people who are here illegally so we know who they are.”

Sorry, Sen. Rubio. We don’t have to “do something” about illegal immigrants other than enforce the existing law. We don’t have to “know who they are” unless it is to arrest and deport them.

Hmmm. NYC Housing Authority is “cash-strapped” while NYC “Homeless-housing business booming” . . .

From the Center:

You can learn a lot by reading the papers two days in a row. On Sunday, June 9, the NY Post reported that “Homeless-housing” nonprofit businesses are “booming.” These so-called “nonprofits” deliver huge profits to their politically connected crony capitalist operators.

Yet on Monday, June 10, the Post reported that the NYC Housing Authority is “cash-strapped” due to the dreaded federal sequestration “cuts.”

Cuomo’s “crony capitalism” tax-free communities proposal follows Democrats divide and prosper strategy . . .

Governor Cuomo’s latest crony capitalism scheme, called the “Tax-free Communities” bill, adheres to the progressives long-time political strategy.

According to Cuomo’s Bill Memo, it would allow favored entities, primarily public universities under state control, to “bring [business] ventures to these communities by offering new businesses and expanding businesses that create net new jobs the opportunity to operate completely tax-free – including no income tax for employees, no sales, property or business tax while partnering with higher education institutions.”

If tax-free zones are beneficial to communities then why not apply such policies state-wide? It’s really very simple. Legislation and tax policies which provide benefits to all citizens yield fewer votes, political contributions and favors to Democrats than “targeted” proposals. The Democrat guiding principle is to divide us into groups, and then to threaten punishment to certain groups while offering rewards to others.

Despite the Democrats incessant bleating about “fairness,” unequal treatment of both groups and individuals is essential to Democrat electoral success. Envy and anger are the keys to Democrat hope and change.

Rubio vows to lead Senate opposition to Amnesty bill he and Schumer wrote . . .

Daily Caller:

In an interview on Hugh Hewitt’s radio show on Tuesday night, Republican Florida Sen. Marco Rubio indicated that he would not support the “Gang of Eight” immigration bill he had helped author unless it is changed.
Earlier in the day, Rubio had said that immigration reform was still short of the 60 votes it needs to pass the Senate.
“Well, let me first say that the news of what I said today on Fox about there not being the 60 votes: Actually, Sen. [Robert] Menendez of New Jersey, a Democrat, said the same thing last week,” Rubio said. “And that’s a fact. And the reason why is because while there’s a group, well, the majority of our colleagues are prepared to do immigration reform, they’re only prepared to do it if we ensure that this illegal immigration problem never happens again.”

Obama Deputy Campaign Manager/Hatchetwoman Stephanie Cutter was at “non-political” White House meetings with IRS Chief . . .

Investors Business Daily:

The president’s deputy campaign manager attended the “nonpolitical” ObamaCare implementation meetings with the former IRS commissioner at the White House . . .

As reported by Gateway Pundit, Cutter attempted to dismiss charges they were political meetings but admitted she had attended meetings with Shulman at the White House. “I was in them with him,” Cutter said. “So there was nothing nefarious going on.” Well, if they were not political meetings, why was she there at all? Was she there to offer her health care or tax code expertise?

Liberals and their reliance on “studies” . . .

From the Center for the Center:

Democrats invariably support their legal and public policy proposals and positions by citing “studies” emanating from academia or democrat “think tanks.” These often counterintuitive studies are offered as received scientific wisdom from our self-proclaimed intellectual betters.

This practice flourished with the Progressive legislative movement of the early 20th century. Its legal aspect is observed in the “social briefs” pioneered by progressive activist lawyer Louis Brandeis. The reason for the democrat reliance upon social science “studies” is clear: Progressive (liberal) policies usually conflict with common sense, human nature and real world experience . . .

Dick Morris is a broken clock . . .

There’s no chance President Barack Obama knew nothing of the IRS targeting conservative groups, says political pundit Dick Morris.

“The incredible frequency of the White House visits — essentially weekly — indicate that Obama must have been deeply involved with the inner workings of the audits and harassment of conservative groups,” Morris writes on his website, DickMorris.com. Morris asks what other reason would have brought Schulman to the White House 157 times during the period that groups with “tea party,” “patriot” and other conservative buzzwords in their names were being targeted for extra scrutiny.

“Not ObamaCare. Not without having (Health and Human Services) Secretary Kathleen Sebelius in attendance, you wouldn’t,” Morris says. “About Treasury issues? Deficit reduction? Not without Treasury Secretary Tim Geithner.”

The reason, Morris says, is that Obama was following the IRS actions with an “obsessive, personal involvement.” The Citizens United ruling galvanized Obama into action, Morris says, and “tapped so deeply into his psyche that he was determined personally to supervise the castration of the wealthy people and groups whose access to the political system was opened wide by the (U.S. Supreme) Court.”

This baby had better hope he is an only child . . .

BEIJING (AP) — Chinese state media say firefighters and medics have rescued a newborn boy from a sewer pipe below a squat toilet.

The state-run news site Zhejiang News says a tenant heard the baby’s cries in the public restroom of a residential building in eastern China’s Puijian county Saturday and notified authorities. Firefighters removed an L-shaped section of the pipe — about three inches in diameter — and rushed it to a hospital where it was dismantled and the baby was treated.

From Guardian.co.uk (May 5, 2013):

“For more than 30 years, China has upheld a strict one-child policy. And despite the country’s growing prosperity, novelist Ma Jian discovered that ruthless squads still brutally enforce the law with vast fines – and compulsory sterilisations and abortions”

Whatever. Eternal DC deal maker/lobbyist Bob Dole wishes GOP would just go along to get along . . .

“I think they ought to put a sign on the [Republican] national committee doors that says ‘closed for repairs’ until New Year’s Day next year and spend that time going over ideas and positive agendas,” Dole said.

Asked whether Republicans of years past, many of whom had a more diplomatic approach to compromise and governance than today’s Republicans, would be able to make it in the modern GOP, Dole said, “I doubt it.”

“Reagan wouldn’t have made it. Certainly Nixon couldn’t have made it, because he had ideas,” he explained. “We might have made it, but I doubt it.”