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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (88869)8/7/2010 12:19:38 PM
From: Hope Praytochange  Respond to of 224757
 
The Rogues' Gallery Of Government
Posted 08/06/2010 06:56 PM ET

Washington: Social Security is deep in the red, the post office is losing billions, and Fannie Mae's back for another handout. These and other examples speak volumes about government fecklessness and negligence.

Social Security checks mailed in 2010 will total $41 billion more than the program will collect in payroll-tax revenues, trustees reported last Thursday. The program will also run a deficit next year, before briefly returning to surpluses for a few years. Then the red ink will be back — for good — starting in 2015, a year earlier than previously projected.

Some analysts believe that while deficits begin this year, 2015 is key because that's when Social Security will need permanent injections of cash from general revenues. The billions the program will require, says David C. John of the Heritage Foundation, "will make it harder to find money for other government programs or require large and growing tax increases."

Over the long haul, Social Security is liable for paying out $7.9 trillion more in benefits than it will receive in tax revenues.

While digesting that grim news, don't forget Thursday's report that the U.S. Postal Service lost $3.5 billion for the quarter that ended June 30. Over the same quarter last year, the post office lost only $2.4 billion. Three-fourths of the way through its current fiscal year, losses at the Postal Service have totaled $5.4 billion.

The post office's future is as dim, if not dimmer, than its past.

"Given current trends, we will not be able to pay all 2011 obligations," said Joseph Corbett, chief financial officer of a government agency — forget its claims of independence — that has lost money in 14 of its last 16 quarters despite its legal monopoly.

"It is clear that a liquidity problem is looming and must be addressed through fundamental changes requiring legislation and changes to contracts," he said.

That's in the near term. After that, the outlook only gets worse. The Postal Service, beneficiary of $27 billion in taxpayers' money since 1970, could lose $238 billion or more over the next decade.

Obviously there's something wrong with the way the post office does business, a fact that hasn't gone unnoticed by an auditor's report earlier this year — or by the typical American who just wants to mail a parcel.

While most of Washington is taking the month off, on Aug. 17 the White House will host a conference on the future of Fannie Mae and Freddie Mac, the troubled government-controlled home mortgage giants. A variety of academics, consumer and community organizations, industry groups and others who have an interest in the issue will attend the Conference on the Future of Housing Finance.

One topic sure to come up is the continuing losses by Fannie Mae and Freddie Mac. On Thursday, Fannie reported that it lost $1.2 billion in the second quarter. While losses are never acceptable, at least it didn't bleed as profusely as in the first quarter, when it lost $11.5 billion, or in the same quarter last year, when $14.8 billion slipped through its hands.

The report also noted that Fannie Mae wants an additional $1.5 billion in federal aid as a follow-up to the $8.4 billion it received on June 30. Overall, Fannie Mae has received $86.1 billion "from Treasury to eliminate the company's second-quarter 2010 net worth deficit," according to its documents.

Freddie Mac has yet to report its second-quarter loss. But no one will be surprised it if takes a big hit and asks for more money as well. Through the first quarter, it's devoured $63 billion in bailout funds from taxpayers.

It doesn't inspire confidence when the people who are driving these institutions — Social Security, the Postal Service, Fannie and Freddie — into the ground are the same ones who believe they should control and manage the economy.

It's no coincidence that for all their planning, everything they have placed themselves in charge of, or refused to turn over to the private sector, is failing.

Not one of the services that these exhausted organizations provide has to be performed by the federal government. Each of them — pensions, mail correspondence and home mortgages — can be handled more effectively by private enterprise.

While it's well past the time that all should have been sold or turned over to the market, that doesn't mean that it's too late.

But one day it will be. Our next set of lawmakers need to understand: The deadline for doing something is fast approaching.



To: Kenneth E. Phillipps who wrote (88869)8/7/2010 12:47:38 PM
From: TideGlider2 Recommendations  Read Replies (1) | Respond to of 224757
 
What They Told Us: Reviewing Last Week’s Key Polls
Saturday, August 07, 2010 Email to a Friend ShareThis.Advertisement
Money talks. This November, money’s likely to vote, too - with the economy front and center in most Americans’ minds.

The government released dismal figures on the employment front Friday, but it wasn’t unexpected to readers of Rasmussen Reports. We started the week by noting that the Rasmussen Employment Index had fallen five points in July to its lowest reading since January, a drop in the survey usually indicating a weak jobs report. For the 22nd month in a row, more workers say their companies are laying people off than hiring.

Consumer confidence fell for the third straight month, according to the Discover U.S. Spending Monitor for July, with more consumers rating current economic conditions as poor and fewer seeing improvement in the economy.

The Rasmussen Investor Index fell at the end of the week and is scarcely above where it had been at the start of the year.

In short, the economic picture isn’t a pretty one, and that usually spells trouble for the party in power. For the first time, too, since President Obama took office, voters see his policies as equally to blame with those of President George W. Bush for the country’s current economic problems.

Forty-four percent (44%) of voters also expect their taxes to increase under Obama.

Congress is now debating whether to continue the so-called Bush tax cuts that are scheduled to end December 31. Most voters favor extending them, but they’re more ambivalent about whether the cuts should be continued for wealthier taxpayers.

Yet despite all the bad economic news, 67% of Political Class voters think the United States is generally heading in the right direction these days. Things look a lot different to Mainstream Americans. Among these voters, 84% say the country has gotten off on the wrong track.

But that’s often case: The two seldom see eye-to-eye. Eighty-six percent (86%) of voters nationwide say there should be “limits on what the federal government can do,” a view overwhelming shared across virtually all partisan and demographic lines. The only exception is America’s Political Class. By a 54% to 43% margin, the Political Class believes the federal government should be allowed to do most anything.

One thing the government’s done recently despite majority opposition is impose a national health care plan on the country. Voter pessimism about that plan has reached an all-time high, but while 70% of Mainstream voters feel the bill is bad for the country, 80% of the Political Class disagree and see it as a good thing for America. Fifty-nine percent (59%) of all voters now favor repeal of the health care bill.

Fifty-four percent (54%) also oppose the requirement in the health care bill that every American must buy or obtain health insurance. Forty-three percent (43%) favor the requirement, which was on the losing end of a vote in Missouri Tuesday and is being challenged in court by a number of states.

Given the differences between Mainstream voters and the Political Class, perhaps it’s no surprise that Americans continue to view being a member of Congress as the least favorable of nine professions. Just 20% of voters believe that most members of Congress can be trusted with top secret national security information.

Speaking of Congress, check the Rasmussen Reports Election 2010 Balance of Power rankings to see how the nation’s Senate races are shaping up so far. Make sure you also read the explanation of how we determine those rankings and update them regularly.

Republican candidates hold an eight-point lead over Democrats on the Generic Congressional Ballot for the week ending Sunday, August 1. That means 46% of Likely Voters would vote for their district's Republican congressional candidate, while 38% would opt for his or her Democratic opponent. Republicans have led on the ballot since June of last year.

But the number of Republicans in the United States slipped a point during July, while the number of unaffiliated voters gained a point. Overall, however, the numbers signal a high level of stability as there have been only modest shifts found throughout 2010.

The president’s job approval ratings improved slightly this week in the Rasmussen Reports daily Presidential Tracking Poll. But a look at the month-by-month figures from that survey give a better sense of how the president is doing overall.

The Obama administration has been wrestling in recent days with the illegal disclosure on the Internet of thousands of secret documents related to the war in Afghanistan, and 67% of voters believe the release of this kind of information hurts national security. Nearly half the nation’s voters (46%) believe the situation in Afghanistan will get worse in the next six months, the highest level of pessimism since January.

The week’s good news is that the environmental disaster in the Gulf of Mexico may not be nearly as bad as has been long thought. Support for offshore oil drilling now has tied its highest level since the Gulf oil leak began. Support for deepwater drilling like that which caused the incident in the Gulf is up to 55%.

Sixty-five percent (65%) of voters feel finding new sources of energy is more important now than reducing the amount of energy Americans now consume. That's the highest number measured since March of 2009.

A number of alternative energy ideas are being explored these days, and a sizable number of Americans say they would consider buying an electric car in the next 10 years. However, they’re less enthusiastic when told how much it will cost.

Makers of high-priced new electric cars are hoping that federal tax credits of up to $7,500 will ease the sticker shock for consumers, and 48% of Americans like the idea of tax credits for alternative energy cars. But support drops dramatically when adults are told that the tax credits could cost taxpayers up to $2 billion over the next 10 years.

In other surveys last week:

-- Thirty percent (30%) of voters now say the country is heading in the right direction. Confidence in the nation’s current course has ranged from 27% to 35% since last July.

-- Most Americans remain concerned about inappropriate content on television and radio and support continued regulation of the airwaves by the Federal Communications Commission.

-- One-in-three voters in Illinois (32%) believe impeached Governor Rod Blagojevich is about as ethical as most politicians.

-- Incumbent Republican John McCain runs nearly 20 points ahead of his likeliest Democratic challenger, former Tucson Vice Mayor Rodney Glassman, in Arizona’s race for the U.S. Senate.

-- The U.S. Senate race between Democratic incumbent Barbara Boxer and her Republican challenger Carly Fiorina remains close in California. Boxer leads 45% to 40%.

-- Mystery man Alvin Greene has been the subject of more media coverage this election cycle than any other candidate, but right now he trails incumbent Republican Jim DeMint by over 40 points in South Carolina’s U.S. Senate contest. Sixty percent (60%) of South Carolina Republicans think their party should be more like DeMint than the state’s other Republican senator, Lindsey Graham.

-- Once considered one of the most endangered Democratic incumbents in the Senate, Kirsten Gillibrand now continues to hold sizable leads over three potential Republican opponents in her bid for reelection in New York.

-- Ohio’s U.S. Senate race is a little tighter for now but remains generally where it's been for months. Republican Rob Portman leads his Democratic opponent, Lieutenant Governor Lee Fisher, 44% to 40%.

-- North Carolina’s race for the U.S. Senate has grown a little closer this month, but Republican incumbent Richard Burr still holds a modest advantage over Democrat Elaine Marshall. North Carolina voters aren’t in too forgiving a mood when it comes to John Edwards, their one-term senator who just six years ago was the Democratic nominee for vice president.

-- Republican incumbent Tom Coburn continues to hold a commanding lead over Jim Rogers, the winner of Tuesday's Democratic Primary, in Oklahoma’s U.S. Senate race.

-- Delaware's U.S. Senate race is basically unchanged from last month, with Republican Mike Castle again earning less than 50% support. But, still, the longtime GOP congressman holds a 12-point lead over his Democratic opponent.

-- Republican Kristi Noem again passes the 50% mark of support this month against incumbent Democrat Stephanie Herseth-Sandlin in the race for South Dakota’s only House seat.

-- Republican Nikki Haley continues to hold a double-digit lead over Democratic State Senator Vincent Sheheen in South Carolina’s race for governor.

-- The California governor’s race between Democrat Jerry Brown and Republican Meg Whitman remains a nail-biter.

-- Little has changed in Pennsylvania's race for governor, with Republican State Attorney General Tom Corbett earning 50% support this month against Democrat Dan Onorato.

-- Tom Tancredo’s entrance into the Colorado governor’s race cuts substantially into support for the two Republican hopefuls and gives Democrat John Hickenlooper a double-digit lead. But overall support for Hickenlooper remains where it’s been for months.

-- Rick Scott remains the stronger of the two Republican hopefuls for governor of Florida against Democrat Alex Sink, with independent candidate "Bud" Chiles siphoning votes from both parties.

-- Republican John Kasich’s support has fallen to its lowest level to date as he challenges Democratic incumbent Ted Strickland in Ohio’s gubernatorial race. Kasich now earns 45% of the vote to Strickland’s 42%.

-- The first Rasmussen Reports post-primary poll in Kansas suggests the state is unlikely to break its 70-plus year streak of electing only Republicans to the U.S.Senate. Congressman Jerry Moran, the winner of Tuesday’s hotly contested GOP Primary, leads Democratic Primary winner Lisa Johnston by better than two-to-one.



To: Kenneth E. Phillipps who wrote (88869)8/7/2010 12:48:52 PM
From: TideGlider1 Recommendation  Respond to of 224757
 
Rangel Scandal Reveals Extent of Capitol Corruption
A Commentary By Howard Rich
Friday, August 06, 2010 Email to a Friend ShareThis.Advertisement
Four years ago, House Speaker Nancy Pelosi promised to “drain the swamp” of corruption in Washington, D.C., but after failing miserably to do so it now appears she’s choosing to ignore it – while letting her colleagues sweep it under the rug.

In the latest example of this trend, a House ethics panel last week recommended that Rep. Charlie Rangel be “reprimanded” for a laundry list of corruption charges. Rangel, a Democrat who has been in the House for forty years, is facing a battery of serious allegations which, if proven, should cost the career lawmaker his job – if not land him in jail.

Rangel is accused of failing to report hundreds of thousands of dollars in income and assets on his financial disclosure statements – a pattern of alleged evasion that spans nearly a decade. Additionally, he’s accused of failing to pay taxes on income generated from his vacation property in the Dominican Republic, using taxpayer-funded resources for campaign purposes and abusing his free Congressional mail privilege to solicit donations.

On top of all that, Rangel reportedly accepted political favors from donors who received favorable treatment from him during his tenure as Chairman of the powerful House Ways and Means Committee – which oversees tax policy, trade issues, Medicare and Social Security, among other responsibilities.

Every bit as troubling as Rangel’s alleged conduct, though, is the attempt by his colleagues to completely let him off the hook – and to do so quickly in an effort to avoid any lingering bad press leading up to the November elections. Despite of the gravity of his alleged offenses (including several Rangel has admitted to committing) House ethics members have recommended letting him off with only a “reprimand.”

What’s that, exactly?

Well, it’s nothing more than a vote of the House of Representatives expressing “displeasure” with the conduct of one of its members. In fact it’s an even milder slap on the wrist than a censure resolution, which would at least require Rangel to stand before his colleagues and receive their admonition in person prior to continuing on in his bad behavior.

Far from “draining the swamp” of corruption, this sort of politically-motivated whitewashing only emboldens it.

Asked about the Rangel investigation last week, Pelosi claimed that she was “out of the loop.” She added that she would have to “wait and see what the committee decides,” and refused to rule out the possibility that Rangel might even return as Ways and Means Chairman one day.

So much for “restoring integrity and honesty in Washington, D.C.” and running “the most honest, most open and most ethical Congress in history,” which Pelosi promised to do four years ago.

Now, it appears that evading responsibility and professing ignorance when confronted with embarrassing scandals is Pelosi’s new modus operandi . In fact, she employed a similar approach earlier this year when it was revealed that former Rep. Eric Massa – another New York Democrat – resigned his office due to allegations of sexual harassment made by male staff members.

In addition to the Massa and Rangel scandals, Pelosi must also address allegations that Rep. Maxine Waters (D-California) – a career politician who has held office for more than three decades – helped steer bailout funds to a bank in which her husband owns stock. Like Rangel, Waters is facing an ethics trial in the House.

Will Waters’ scandal be swept under the rug as well so that Democrats can avoid additional bad press prior to the election?

That would certainly appear to be the emerging pattern.

Clearly neither party has proven capable of reforming – or restraining – the destructive forces that dominate decision-making Washington, D.C., but the promises of Pelosi ring especially hollow. And absent draconian new ethics laws (that are actually enforced) and real reforms – like term limits – the swamp that has infested our nation’s capital will never be drained.