Tuesday, August 28, 2012

OBOF SS & MORE PART 49


 

WELCOME TO OPINIONS  BASED  ON FACTS (OBOF)

 

Name
Published
OVERVIEW
Dec. 28, 2010
SOCIAL SECURITY PART 1
Dec. 30, 2010
SOCIAL SECURITY PART 2
Jan. 10, 2011
SOCIAL SECURITY PART 3
Jan. 17, 2011
SOCIAL SECURITY PART 4
Jan. 24, 2011
SOCIAL SECURITY PART 5
Jan. 31, 2011
SOCIAL SECURITY PART 6
Feb. 07, 2011
SOCIAL SECURITY PART 7
Feb. 14, 2011
SPECIAL ISSUE
Feb. 18, 2011
 SOCIAL SECURITY PART 8
Feb. 21, 2011
SOCIAL SECURITY PART 9
Mar. 01, 2011
SOCIAL SECURITY PART 10
Mar. 07, 2011
SS & MORE PART 1
Mar. 14, 2011
SS & MORE PART 1A
Mar. 21, 2011
SS & MORE PART 2
Mar. 25, 2011
SS & MORE PART 3
 Mar. 29, 2011
SS & MORE PART 4
 Apr. 04, 2011
SS & MORE PART 5
 Apr. 11, 2011
SS & MORE PART 6
 Apr. 18, 2011
SS & MORE PART 7
 Apr. 25, 2011
SS & MORE PART 7A     
 Apr. 29, 2011
SS & MORE PART 8
 May 02, 2011
SS & MORE PART 9
 May 09, 2011
 SS & MORE PART 10
 May 16, 2011
SS & MORE PART 11
 May 24, 2011
SS & MORE PART 12
 Jun. 06, 2011
SS & MORE PART 13
 Jun. 20, 2011
SS & MORE PART 14
July  05, 2011
SS & MORE PART 14A
July  18, 2011
SS & MORE PART 15
July  19, 2011
SS & MORE PART 16
Aug. 03, 2011
SS & MORE PART 17
Aug. 15, 2011
SS & MORE PART 18
Aug. 29, 2011
SS & MORE PART 19
Sept. 12, 2011
SS & MORE PART 20
Sept. 26, 2011
SS & MORE PART 21
Oct.   10, 2011
SS & MORE PART 22
Oct.   24, 2011
SS & MORE PART 22 EXTRA
Nov.  04, 2011
SS & MORE PART 23
Nov.  07, 2011
SS & MORE PART 24
Nov.  21, 2011
SS & MORE PART 25
Dec.  05, 2011
SS & MORE PART 26
Dec.  19, 2011
SS & MORE PART 27
JAN.  03, 2012
SS & MORE PART 27A
JAN.  05, 2012
SS & MORE PART 28
JAN.  17, 2012
SS & MORE PART 29
JAN.  31, 2012
SS & MORE PART 30
 Feb.  14, 2012
SS & MORE PART CL1
 Feb.  21, 2012
SS & MORE PART 30 EXTRA
 Feb.  23, 2012
SS & MORE PART 31
 Feb.  28, 2012
SS & MORE PART CL2 - 59
 Mar.  06, 2012
SS & MORE PART 31 EXTRA
 Mar.  07, 2012
SS & MORE PART 32
 Mar.  13, 2012
SS & MORE PART CL3 - 1
 Mar.  20, 2012
SS & MORE PART 32 EXTRA
 Mar.  24, 2012
SS & MORE PART 33
 Apr.  10, 2012
SS & MORE PART CL 4 - 2
 Apr.  17, 2012
SS & MORE PART 34
 Apr.  24, 2012
SS & MORE PART CL5 - 49
 May  01, 2012
SS & MORE PART 35
 May  09, 2012
SS & MORE PART CL6 - 19
 May  15, 2012
SS & MORE PART 35 EXTRA
 May  18, 2012
SS & MORE PART 36
 May  22, 2012
SS & MORE PART 36 EXTRA
 May  25, 2012
SS & MORE PART 36
 
                       EXTRA II
 June 01, 2012
SS & MORE PART 37
 June 05. 2012
SS & MORE PART 37 EXTRA
 June 07, 2012
SS & MORE PART 38
 June 12, 2012
SS & MORE PART 39
 June 19, 2012
SS & MORE PART 40
 June 26, 2012
SS & MORE PART 41
 July  03, 2012
SS & MORE PART 42
 July  10, 2012
SS & MORE PART 43
 July  17, 2012
SS & MORE PART 44
 July  24,2012
SS & MORE PART 45
 July  31, 2012
SS & MORE PART 46
 Aug. 07, 2012
SS & MORE PART 46 EXTRA
 Aug. 09, 2012
SS & MORE PART 47
 Aug. 14, 2012
SS & MORE PART 48
 Aug. 21, 2012
SS & MORE PART 49
 Aug. 28, 2012

 

 

IN THIS ISSUE

1.  Convention.

2.  Opening Thoughts.

3.  Just a little campaigning.

4.  CBO Chief warns of fiscal cliff.

5.  The fanatical GOP.

6.  Romney's lying machine.

7.  GOP revised convention agenda, with all speakers and times.

~~~

 

 

 

"VOTE, AN EDUCATED VOTE"

 

 

 

What is an educated vote?  It is one that has been made with as much knowledge, based on facts, not misinformation, that an individual can obtain.

 

~~~

 

 

The Democrat Convention will be held on September 3, 4, 5, and 6 at the Warner Cable Arena on the 3rd, 4th, and 5th.

 President Obama's acceptance speech will be on the 6th, at the Bank of America Stadium.

Other program notes:

 

          Elizabeth Warren will speak at the convention on       September 5th and President Clinton will make the           nominating speech on that evening.

 

          Vice President Biden will speak on the 6th and President Obama will give his acceptance speech on the evening of the 6th.

~~~

 

OPENING  THOUGHTS

by Floyd


I have so much running around in my mind that it is hard to separate them to rationally present thoughts about them.  I think the ones that bother me the most is the outright misstatements made about our President's actions.  Note I said "Misstatements."  I was brought up in a time when the word "lie" just wasn't used and it is hard for me to get use to using that word, although, I guess that is what a lot of it amounts to.


The second thing that bothers me so much, as I bet it does all of you, is the tremendous amount of money that is being spent on this election, particularly, of course, on the GOP side of the ledger. 


This money has recently been directed to the swing states big time.  And it has been concentrating on all these "misstatements" I refer to.  As wrong as they are they are beginning to be believed, because they are being played on the air ways so much.  One of the latest polls shows Romney - Ryan ahead by 2 points in Ohio, 3 in Virginia, 1 in Wisconsin, and 1 in Florida.


Now, there is no question, but what they will get a bump from their convention as will the Democrats after their convention next week.  Those two bumps, plus the Debates, will have a great deal of importance. 


I, simply, can't get over the fact that people are going after a man that represents everything they are unhappy with.  He is a big part of the 1%ers, he thinks so little of our country that he won't even keep his money here.  He picked, the most radical man in Congress to be his running mate.


Lastly, I want to point out, that in accordance with the second article, it isn't going to matter to much in the next two years, who is going to be President or what Party controls Congress.  Things do not look good and I urge you to take a few minutes and read this information.  It is very reliable.


~~~


JUST  A  LITTLE  CAMPAIGNING


Jeff Zeleny and Jim Rutenberg, of the New York Times, wrote an article and I just pulled out what follows as it was all that was of interest to me, and I think to you.  Yesterday, Monday, the President did a little bit of campaigning with an unnamed interviewer in which he said the following:


Mr. Obama, unwilling to cede the stage fully to his opponents this week, leveled a counterattack in an interview released Saturday by The Associated Press, painting Mr. Romney as beholden to “extreme” House Republican policies harmful to the middle class.

“He has signed up for positions, extreme positions, that are very consistent with positions that a number of House Republicans have taken,” Mr. Obama said. “Governor Romney’s policies would make things worse for middle-class families and offer no prospect for long-term opportunity for those striving to get into the middle class.”

The battleground map has remained remarkably stable in recent months, which leaves Mr. Obama with more paths to winning 270 electoral votes and places a burden on Mr. Romney to break through in states where he so far has not. But Republicans suddenly see encouraging signs in Wisconsin after the selection of Representative Paul D. Ryan as his running mate. Mr. Romney’s chances hinge to a large degree on running up his advantage among white voters in swing states who show deep strains of opposition to Mr. Obama but do not yet trust Mr. Romney to look out for their interests, Republican strategists say.

Many of those voters are economically disaffected, and the Romney campaign has been trying to reach them with appeals built around an assertion that Mr. Obama is making it easier for welfare recipients to avoid work. The Romney campaign is airing an advertisement falsely charging that Mr. Obama has “quietly announced” plans to eliminate work and job training requirements for welfare beneficiaries, a message Mr. Romney’s aides said resonates with working-class voters who see government as doing nothing for them.

 

CBO CHIEF WARNS OF FISCAL CLIFF

&

POTENTIAL  RECESSION

By Tom Curry, NBC News

Published August 22, 2012

Updated at 12:40pm ET: The director of the Congressional Budget Office, Douglas Elmendorf, said Wednesday that currently planned sharp cuts in spending and increases in taxes at the end of the year would cause “a dramatic reduction in the federal deficit” and “a significant tightening of fiscal policy” which would “probably lead to a recession early next year.”

Analysts refer to this as the “fiscal cliff.”

President Barack Obama and Congress face the question of whether to step back from the fiscal cliff by not allowing the current tax rates to expire at year end and by postponing the spending curbs mandated by last summer’s Budget Control Act.

Before year end, Congress must also decide whether to allow a 27 percent cut in Medicare payments to doctors to take effect – as required by a 1997 budget law -- or whether to put it off, as it has done for the past several years.

“We think that economic growth right now is being held back by the anticipation of this fiscal tightening, both in terms of the possibility of a sharp downturn, but also just uncertainty about what will happen,” Elmendorf told reporters at a CBO briefing.

“The sooner that uncertainty is resolved – especially if it is resolved in the direction of less fiscal tightening next year, then the stronger we think the economy would be” for the rest of this year and next year.

But Elmendorf warned that that alternative would also lead to unpalatable results.

Melissa Harris-Perry and her guests crunch the numbers on debt, the deficit, and government spending as they discuss Mitt Romney and Paul Ryan's respective proposed budget plans.

If Congress continues the current tax rates and defers the spending cuts, there would be about two million more workers on the job than if it goes over the fiscal cliff, Elmendorf said. But there will also be higher federal spending, larger deficits, and higher debt over the next several years.

Under that scenario, “rapidly escalating federal debt would increase the risk of a fiscal crisis during which investors would lose confidence in the government’s ability to manage its budget and the government would thereby lose its ability to borrow at affordable rates,” Elmendorf told reporters.

The implication in the CBO’s updated forecast is that whether the next president is Obama or Republican Mitt Romney, he will be narrowly confined by budget and economic conditions created by Congress and Obama in their bargaining between Election Day and New Year’s Eve.

Elmendorf said the key issue facing Congress and the president “is not whether to reduce budget deficits” but when and how to do so. If Congress and the president do not cut the deficit in 2013, Elmendorf said, “They will need to reduce it later. At some point we will need to adopt policies that require people to pay significantly more in taxes, accept substantially less in government benefits and services or both.”

The CBO said in its budget update Wednesday that the government will rack up a $1.1 trillion deficit in the fiscal year which ends on September 30, the fourth year in a row of budget deficits exceeding $1 trillion.

As a percentage of gross domestic product (GDP), the deficit in the current fiscal year will be 7.3 percent.

Debt held by the public will reach its highest level since the Korean War and will be twice the level it was before the financial crisis and the recession.

The CBO report said that federal revenues in the current fiscal year will be about 6 percent higher than last year, while spending will be about 1 percent lower.

But remarkably, revenues in fiscal year 2012 will still be $133 billion less than what the federal government collected in revenues in FY2007, five years ago.

Revenues in 2007 were $2.568 trillion or 18.5 percent of GDP. In FY2012 they will be $2.435 trillion or 15.7 percent of GDP.

Much of the fall in federal revenues is “a natural consequence of the weakness of the economy,” the CBO chief said. “When incomes fall, taxes fall more than proportionately because we have a progressive tax code and people who slip down into lower tax brackets pay a smaller fraction of their income in taxes.”

But he added, “We are a little surprised by how weak tax revenues are, and we don’t know exactly what’s going on there." While CBO has the big-picture revenue numbers, the detailed tax data doesn’t become available from the Internal Revenue Service immediately.

A key variable in the CBO’s forecast is the government’s cost of borrowing, determined by interest rates. “Despite the surge in federal borrowing in recent years, net interest outlays are projected to hold steady at 1.4 percent of GDP through 2015, primarily because interest rates are expected to remain near historic lows for the next few years,” the CBO report said. But it predicted that interest rates will rise after 2015 and cause the government’s interest outlays to nearly double as a percentage of GDP

Floyd's note:

Ezra Kline, of the Washington Post, has summed up the meaning of the above report as he sees it.  As I have said before, no matter who, becomes President and no matter what Party controls Congress, 2013 is NOT going to be good.  Many, many complications to deal with.

“The deficit will shrink to an estimated $641 billion in fiscal year 2013 (or 4.0 percent of GDP), almost $500 billion less than the shortfall in 2012. Such fiscal tightening will lead to economic conditions in 2013 that will probably be considered a recession, with real GDP declining by 0.5 percent between the fourth quarter of 2012 and the fourth quarter of 2013 and the unemployment rate rising to about 9 percent in the second half of "The deficit will shrink to an estimated $641 billion in fiscal year 2013 (or 4.0 percent of calendar year 2013.”

~~~

The Fanatical GOP

by ROBERT REICH


Nation of Change  OP-ED


Published August 23, 2012


 


"The Republican Party platform committee now includes a provision calling for a constitutional amendment banning all abortions, without an exception for rape or incest."

 

 

Is Digg defining a new direction for the curation economy? And could the new site help us cope with information overloaWe’re witnessing the capture by fanatics of what was once a great and important American political party.

The Republican Party platform committee now includes a provision calling for a constitutional amendment banning all abortions, without an exception for rape or incest. This is basically Missouri senatorial candidate Todd Akin’s position. (At least the GOP platform doesn’t assert that women’s bodies automatically reject “legitimate” rapists’ sperm.)

Paul Ryan, Romney’s selection for vice president, has co-sponsored 38 anti-abortion measures while in the House of Representatives, including several containing no exception for pregnancies caused by rape or incest. But the GOP’s fanaticism goes far beyond the its growing absolutism about abortion.

Ryan’s proposed budget, approved by almost all House Republicans, is also an exercise in fanaticism. It replaces Medicare with vouchers that won’t possibly keep up with rising healthcare costs — thereby shifting costs directly on to the elderly.

That budget also harms the poor and rewards the rich, but does little or nothing to reduce the federal budget deficit. Over 60 percent of its spending cuts come out of programs for lower-income Americans. Its tax cuts for the rich reduce revenues by $4.6 trillion over the decade while saving the typical millionaire hundreds of thousands of dollars a year.The GOP’s looniness doesn’t even stop there. Republicans remain unwaivering in their support of state laws allowing or encouraging the profiling of Latinos. And unrelenting in their war against gay rights.

It’s not just women, seniors, budget hawks, the poor, Latinos, and gays who are catching on to the Republicans’ extremism. Americans who don’t fall into one of these categories are becoming alarmed, too — as they should.Although the GOP lurch to the right-wing margin of America may bode well for Democrats this coming Election Day, it bodes ill for America. The capture of one of our great parties by fanatics is nothing to celebrate. A democracy needs at least two sane political parties.

~~~

ROMNEY'S LYING MACHINE

 

by ROBERT REICH

Nation of Change /  OP-ED

Published August 25, 2012

 

Is Digg defining a new direction for the curation economy? And could the new site help us cope with information overload? I’ve been struck by the baldness of Romney’s repetitive lies about Obama — that Obama ended the work requirement under welfare, for example, or that Obama’s Affordable Care Act cuts $716 billion from Medicare benefits.

The mainstream media along with a half-dozen independent fact-checking organizations and sites have called Romney on these whoppers, but to no avail. He keeps making these assertions.

Every campaign is guilty of exaggerations, embellishments, distortions, and half-truths. But this is another thing altogether. I’ve been directly involved in seven presidential campaigns, and I don’t recall a presidential candidate lying with such audacity, over and over again. Why does he do it, and how can he get away with it?

The obvious answer is such lies are effective. Polls show voters are starting to believe them, especially in swing states where they’re being repeated constantly in media spots financed by Romney’s super PAC or ancillary PACs and so-called “social welfare” organizations (political fronts disguised as charities, such as Karl Rove and the Koch brothers have set up).

Romney’s lying machine is extraordinarily well financed. By August, according to Jane Mayer in her recent New Yorker article, at least 33 billionaires had each donated a quarter of a million dollars or more to groups aiming to defeat Obama – with most of it flooding into attack ads in swing states.

 

In early August, “Americans for Prosperity,” one of the nonprofit front groups masquerading as a charity, and founded in part by billionaire right-wingers Charles and David Koch, bought some $27 million in ad time on spots now airing in eleven swing states.

So Romney’s lying machine is working.

But what does all this tell us about the man who is running this lying machine? (Or if Romney’s not running it, what does it tell us about a man who would select the people who are?)

We knew he was a cypher — that he’ll say and do whatever is expedient, change positions like a chameleon, eschew any core principles.

Yet resorting to outright lies — and organizing a presidential campaign around a series of lies — reveals a whole new level of cynicism, a profound disdain for what remains of civility in public life, and a disrespect of the democratic process.

The question is whether someone who is willing to resort to such calculated lies, and build a campaign machine around them, can be worthy of the public’s trust with the most powerful office in the world.

~~~

GOP revises convention schedule


 

 

Monday, August 27, 2012

2:00 p.m.

Chairman of the RNC Reince Priebus

Call to Order/Start Debt Clocks

2:10 p.m.

Announcement of Recess

Tuesday, August 28, 2012

2:00 p.m.

Chairman of the RNC Reince Priebus

Color Guard Knights of Columbus

Pledge of Allegiance by Former Governor Tim Babcock (MT)/ Tom Hogan (FL)

National Anthem sung by Philip Alongi

Invocation by Rabbi Meir Soloveichik

Opening procedural steps, appointment of convention committees

Welcoming remarks, and House and Senate candidates and RNC auxiliaries

RNC Chairman Priebus

RNC Co-Chairman Sharon Day

Tampa Mayor Bob Buckhorn

Convention Chief Executive Officer William Harris

Chairman of Tampa Bay Host Committee Al Austin

Republican Congressional Candidates

State Delegate Barbara Comstock (VA)

Representative Tim Griffin (AR)

Republican Senate Candidates

Republican National Committee auxiliaries

Consideration of convention committee reports

RNC Chairman Reince Priebus

Committee on Credentials Chairman Mike Duncan

Committee on Permanent Organization Chairwoman Zoraida Fonalledas

Convention Permanent Chairman Speaker John Boehner, Presiding

Official Convention Photograph

Committee on Rules Chairman John Sununu

Committee on Resolutions Chairman Governor Bob McDonnell

Committee on Resolutions Co-Chairman U.S. Senator John Hoeven

Committee on Resolutions Co-Chairman U.S. Rep. Marsha Blackburn

Roll Call for Nomination of President of the United States

Roll Call for Nomination of Vice President of the United States

6:40 p.m.

Recess

7:00 p.m.

Reconvene

Remarks by Speaker John Boehner

Remarks by RNC Chairman Reince Priebus

Video and remarks by Mayor Mia Love (Saratoga Springs, UT), U.S. congressional candidate

Remarks by Janine Turner

Remarks by former U.S. Senator Rick Santorum

Remarks by Host, U.S. Rep. Cathy McMorris Rodgers

8:00 p.m.

Remarks by U.S. Senator Kelly Ayotte (NH), accompanied by Jack Gilchrist

Remarks by Governor John Kasich (OH)

Remarks by Governor Mary Fallin (OK)

Remarks by Governor Bob McDonnell (VA), accompanied by Bev Gray

Remarks by Governor Scott Walker (WI)

9:00 p.m.

Remarks by Governor Brian Sandoval (NV)

Remarks by Sher Valenzuela (small business owner, candidate for DE Lt. Governor)

Remarks by Senate Republican Candidate Ted Cruz (TX)

Remarks by Artur Davis

Remarks by Governor Nikki Haley (SC)

10:00 p.m.

Remarks by Mrs. Luce’ Vela Fortuño

Remarks by Mrs. Ann Romney

Remarks by Governor Chris Christie (NJ)

Benediction by Sammy Rodriguez

Adjournment

Wednesday, August 29, 2012

7:00 p.m.

Convention convenes

Call to order

Introduction of Colors by Amputee Veterans of America Support Team (AVAST)

Pledge of Allegiance by Brigadier General Patrick E. Rea, US Army (Ret.)

National Anthem sung by Ayla Brown

Invocation by Ishwar Singh

Ron Paul Video

Remarks by Senate Republican Leader and Convention Temporary Chairman Mitch McConnell (KY)

Remarks by Senator Rand Paul (KY)

Remarks by Christopher Devlin-Young and Jeanine McDonnell

8:00 p.m.

Remarks by Senator John McCain (AZ)

Remarks by Attorney General Pam Bondi (FL) and Attorney General Sam Olens (GA)

Remarks by Governor Bobby Jindal (LA)

Remarks by Senator John Thune (SD)

Remarks by Senator Rob Portman (OH)

9:00 p.m.

Remarks by Governor Luis Fortuño (PR)

Remarks by Governor Tim Pawlenty (MN)

Bush 41, 43 Film

Remarks by Mike Huckabee

10:00 p.m.

Remarks by Condoleezza Rice

Remarks by Governor Susana Martinez (NM)

Remarks by vice presidential nominee Rep. Paul Ryan

Benediction by Archbishop Demetrios

Adjournment

Thursday, August 30, 2012

7:00 p.m.

Convention convenes

Call to order

Introduction of Colors US Central Command Joint Forces Color Guard Team

Pledge of Allegiance by Dylan Nonaka

National Anthem sung by SEVEN

Invocation by Ken and Priscilla Hutchins

Remarks by U.S. Rep. Connie Mack (FL)

Reagan Legacy Video

Remarks by Newt and Callista Gingrich

Remarks by Craig Romney

8:00 p.m.

Remarks by Governor former Jeb Bush (FL)

Remarks by Bob White, chairman of Romney for President campaign

Remarks by Grant Bennett

Remarks by Tom Stemberg

9:00 p.m.

Remarks by former Massachusetts Lt. Governor Kerry Healey

Remarks by Jane Edmonds, former Massachusetts Secretary of Workforce

Remarks by Olympians Michael Eruzione, Derek Parra and Kim Rhode

10:00 p.m.

Remarks by U.S. Senator Marco Rubio (FL)

Remarks by presidential nominee Mitt Romney

Benediction by Archbishop Timothy M. Dolan

Speaker Boehner declares convention adjourned

~~~

If, the good Lord is willing and the creek don't rise, I'll talk with you again on Tuesday September 4, 2012 if not before.

"GOD BLESS YOU ALL

&

GOD BLESS THE UNITED STATE OF AMERICA

Floyd