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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (851870)4/23/2015 10:11:13 PM
From: Mongo2116  Respond to of 1576189
 
suckers

Scott Walker cut $541 million in taxes last year. Now his state will miss a $108 million debt payment.

To help close the state’s $283 million budget shortfall this year, Wisconsin Governor Scott Walker (R) plans to skip a $108 million debt payment scheduled for May.

Walker, a likely presidential candidate whose campaign message rooted in Wisconsin’s fiscal record, has been struggling to balance the budget in his home state before the June 30 deadline. Pushing off debt payments is one tactic that he and predecessors have used in the past.

By missing the May payment, Walker will incur about $1.1 million in additional interest fees between 2015 and 2017. The $108 million debt will continue to live on the books; Walker’s budget proposal for 2015-2017 will pay down no more than about $18 million of the principal.

“This latest accounting gimmick kicks the can further down the road and will end up costing taxpayers millions more,” State Sen. Jennifer Shilling (D) said in a press release yesterday.

Democrats have been pressuring Walker to address the estimated $283 million shortfall with an emergency budget bill, but he has resisted so far. Restructuring this kind of debt does not require legislative sign-off. Walker may also be forced to make emergency government spending cuts in the next four months to make ends meet.

In March last year, Walker signed a $541 million tax cut for both families and businesses. At that point, Wisconsin was facing a $1 billion budget surplus through June 2015, the Journal Sentinel reported.

By November last year, the administration was estimating a $132 million shortfall. In January, the non-partisan Legislative Fiscal Bureau pegged it at $283 million. The Bureau, which does research for the Wisconsin Legislature, explained that tax collections were $173 million worse than the administration’s own estimates in November.

The Walker administration argues that pushing off the debt payment is a smart financial move. “The State is taking advantage of unusually strong, favorable short-term interest rates for these notes,” spokesperson Cullen Werwie wrote in an e-mail.

Looking ahead, the administration also faces a $2 billion gap between what Wisconsin agencies have requested in their budgets over the next two years, and Wisconsin’s projected revenues. His budget proposal for 2015-2017, released earlier this month, includes a controversial $300 million cut to the University of Wisconsin System.

Walker has bragged that he has approved $2 billion in tax cuts since he took office in 2011. The Legislative Fiscal Bureau told PolitiFact in March that the claim is accurate.
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To: Brumar89 who wrote (851870)4/23/2015 10:11:59 PM
From: Mongo2116  Read Replies (1) | Respond to of 1576189
 
The Washington Post Smacks Down ‘The Senate’s brief bipartisan love-fest’

The Senate finally got their act together late Tuesday and came to a compromise on the human-trafficking bill that had been stalled in the chamber for a month, blocking the confirmation of Loretta Lynch as attorney general along the way.

Dana Milbank of The Washington Post handed the Senate their collective asses-on-a-plate in an outstanding opinion piece published late yesterday.

Milbank began his piece by describing the love-fest, writing that everyone seemed to be kissing everybody else’s ass on the Senate floor:

Harry Reid thanked Patrick Leahy and Patty Murray, who praised Amy Klobuchar, who gave a nod to Mitch McConnell, who credited John Cornyn, who touted Chuck Grassley, Mark Warner, Heidi Heitkamp and Susan Collins.
He goes on to quote John Cornyn (R-TX) , the No. 2 Republican, as saying:

I’ve actually been somewhat surprised and more optimistic than I have been in a long time about how the Senate is beginning to work again. After a long period of dysfunction in the United States Senate, we are starting to see the United States Senate work again the way it should work. .?.?. I have hope for even more positive things to occur.

Now it’s time for the good stuff. Milbank interrupts the festivities writing:

It might be worth interrupting this victory lap to point out that the lawmakers were taking credit for the legislative equivalent of tying their shoes. The trafficking bill, which combats sex slavery, cleared committee unanimously but had been hung up over an extraneous provision about abortion funding; the dispute compounded a months-long delay for Lynch, who has enough votes to clear the Senate.
Pointing out the near complete failure of the Republican led Senate so far this session, Milbank concedes that “in this environment, baby steps count.”

However, as he concludes,

But it wasn’t long before the lawmakers were bickering again — this time about who should get the glory for the bipartisanship. McConnell said Democrats get “some credit,” if only because “we’ve given them an opportunity.” But his colleagues claimed credit for Republicans.
“When Republicans took control here, getting Washington working again wasn’t just a campaign slogan. .?.?. We are following through on it,” Sen. John Thune (R-S.D.) said after lunch with his GOP colleagues.
Sen. Roger Wicker (R-Miss.) hailed Republican leaders for “creating an atmosphere .?.?. where bipartisanship can break out.”
But Reid was having none of it. “Everything we’ve been able to get done has been things that we tried to get done when we were in the majority and they stopped it through their filibusters,” he said after lunch with Democratic colleagues. “We are not opposing things just to be opposing them as they did.”
The bipartisan bonhomie had lasted all of four hours.
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To: Brumar89 who wrote (851870)4/23/2015 10:12:37 PM
From: Mongo21161 Recommendation

Recommended By
bentway

  Read Replies (1) | Respond to of 1576189
 
McCain Delivers A Knockout Blow To Ted Cruz For Lying, Enlists Help Of Reporters In Shaming Him

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Observing Republican presidential hopeful Ted Cruz getting smacked around seems to have turned into the latest indoor sport for liberals and conservatives alike if recent history is any indication – and it seems to be.

There was the recent article on the conservative website Forbes smacking Cruz around, noting that “he will ultimately be forgotten.” Last month Rep. Pete King (R-NY) referred to Cruz as “a guy with a big mouth and no results” in an interview with CNN. The list goes on and on….

And then there’s the matter of his seemingly pathological tendency towards telling lies. As The Daily Beast reports, Cruz’s record for telling lies is second only to Dr. Ben Carson who has a 100% “pants on fire rating.” However, Liberals Unite rates Cruz as number one liar as Politifact has only rated one statement of Carson’s so far, that people choose to be gay.

In the latest round of attack, Sen. John McCain (R-AZ) “wants to know more about his imaginary conversation with Ted Cruz.”

New York reports that while campaigning in New Hampshire on Sunday, Cruz claimed that he was “‘pressing’ McCain to hold hearings on allowing soldiers to carry concealed firearms on military bases.”

On Monday, McCain responded, stating:

You know, I was fascinated to hear that because I haven’t heard a thing about it from him. Nor has my staff heard from his staff. Where did that come from? I have not a clue. I’d be glad to discuss the issue and see if we need a hearing, but it came as a complete surprise to me that he had been ‘pressing’ me.
Twisting the knife one more turn, he added:

Maybe it was through some medium that I’m not familiar with. Maybe bouncing it off the ozone layer, for all I know. There’s a lot of holes in the ozone layer, so maybe it wasn’t the ozone layer that he bounced it off of. Maybe it was through hand telegraph, maybe sign language, who knows?
Not yet satisfied, McCain tried to enlist the help of reporters in shaming Cruz, suggesting they

Ask him how he communicated with me because I’d be very interested. Who knows what I’m missing?
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To: Brumar89 who wrote (851870)4/23/2015 10:28:09 PM
From: Wharf Rat  Read Replies (1) | Respond to of 1576189
 
China Adds Solar Power the Size of France in First Quarter

China’s solar installations in the first quarter were almost equal to France’s entire supply of power from the sun.


China connected 5.04 gigawatts of solar capacity to grids in the three months ended March 31, the National Energy Administration said in a statement on Monday. The Asian nation now has a total 33 gigawatts of solar-power supply.


bloomberg.com