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Showing posts with label Manning. Show all posts
Showing posts with label Manning. Show all posts

Thursday, June 21, 2012

Wednesday, March 21, 2012

House GOP unveils budget blueprint




WASHINGTON (AP) — Conservative Republicans controlling the House unveiled a budget blueprint Tuesday that combines slashing cuts to safety net programs for the poor with sharply lower tax rates in an election-year manifesto painting clear campaign differences with President Barack Obama.

The GOP plan released by House Budget Committee Chairman Paul Ryan would, if enacted into law, wrestle the deficit to a manageable size in short order, but only by cutting Medicaid, food stamps, Pell Grants and a host of other programs that Obama has promised to protect.

To deal with the influx of retiring Baby Boomers, the GOP budget reprises a controversial approach to overhauling Medicare that would switch the program — for those under 55 today — from a traditional "fee for service" framework in which the government pays doctor and hospital bills to a voucherlike "premium support" approach in which the government subsidizes purchases of health insurance.

Republicans say the new approach forces competition upon a wasteful health care system, lowering cost increases and giving senior more options. But Democratic opponents of the idea say the new system — designed by Ryan and liberal Sen. Ron Wyden of Oregon — cuts costs too steeply and would provide the elderly with a steadily shrinking menu of options and higher out-of-pocket costs.

Even as Ryan was describing his plan to reporters, it became election-year fodder for both parties.

"The House budget once again fails the test of balance, fairness, and shared responsibility," White House Communications Director Dan Pfeiffer said in a written statement charging that the GOP proposal would dole out tax cuts to rich while protecting tax breaks for oil companies and hedge fund managers.

"What's worse is that all of these tax breaks would be paid for by undermining Medicare and the very things we need to grow our economy and the middle class — things like education, basic research, and new sources of energy," Pfeiffer said.

House Speaker John Boehner, R-Ohio, predicted strong support for Ryan's budget. He also defended Ryan's proposal to cut agency spending below an amount that both parties agreed to in last year's compromise that extended the government's authority to borrow money.

"We all know that we've got a real fiscal problem here in Washington, and frankly we think we can do better," Boehner told reporters.

This year's GOP measure would produce deficit estimates that are significantly lower than a comparable measure passed by the House a year ago, claiming deficit cuts totaling $3.3 trillion — spending cuts of $5.3 trillion tempered by $2 trillion in lower taxes — below Obama over the coming decade. The deficit in 2015, for example, would drop to about $300 billion from $1.2 trillion for the current budget year. Last year's GOP draft called for a 2015 deficit more than $100 billion higher.

The measure would cut spending from $3.6 trillion this year to the $3.5 trillion range in 2013 and freeze it at that level for two more years.

The GOP plan doesn't have a chance of passing into law this year but stands in sharp contrast to the budget released by Obama last month, which relied on tax increases on the wealthy but mostly left alone key benefit programs like Medicare.

The resulting political battle is sure to spill beyond the Capital Beltway into the presidential race and contests for control of the House and Senate this fall. As if to underscore that reality, Ryan released a campaign-style video Monday evening telling viewers that "Americans have a choice to make" in a none-too-subtle appeal to voters.

"It's up to the people to demand from their government a better budget, a better plan, and a choice between two futures," Ryan said. "The question is: which future will we choose?"

Visit The Stockton Record's Website To finish reading the article

Sunday, March 18, 2012

VIRGO: Saturday's Horoscope

Daily Virgo Horoscope
Saturday, Mar 17, 2012 -- So much has happened in your life over the past couple of months, yet you might not be able to see the changes yet. Although progress continues to be slower than you wish, your life is undergoing a subtle transformation. Instead of thinking about what has gone wrong, direct your energy toward small tasks that you can finish. Instead of working harder, use your brain and work smarter. You have more time than you realize, so don't let self-criticism get in the way of your ultimate success.

Tuesday, March 6, 2012

This Is the World We "LOVE"

I remember the days when we were all surrounded by joy, laughter, and excitement.  The times of family bonding that I now hold so dearly. Those days are long gone, but we can re-live them if we choose to love thy neighbor. When the whole world unites through the understanding of love, then we will be back in the glory days. Until that day comes, we are all giving each other hell for unknown reasons. Some will even go out of their way to derail someone else, in an effort to slow down their progress.

Sunday, February 19, 2012

Rate on 30-year mortgage drops to record 3.89 pct.

WASHINGTON (AP) — Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates.

Freddie Mac said Thursday the average rate on the 30-year fixed mortgage fell to 3.89 percent. That's below the previous record of 3.91 percent reached three weeks ago.

Records for mortgage rates date back to the 1950s.

The average on the 15-year fixed mortgage ticked down to 3.16 percent. That's down from a record 3.21 percent three weeks ago. Mortgage rates are lower because they track the yield on the 10-year Treasury note, which fell below 2 percent. They could fall even lower this year if the Fed launches another round of bond purchases, as some economists expect.

Average fixed mortgage rates hovered around 4 percent at the end of 2011. Yet many Americans either can't take advantage of the rates or have already done so.

High unemployment and scant wage gains have made it harder for many people to qualify for loans. Many don't want to sink money into a home that they fear could lose value over the next few years.

Mortgage applications have fallen slightly on a seasonally adjusted basis over the past four weeks, according to the Mortgage Bankers Association. Frank Nothaft, Freddie Mac's chief economist, said that until hiring picks up and unemployment drops significantly, the impact of lower mortgage rates will remain muted.

To finish reading this story, click here: Yahoo!

Sunday, February 5, 2012

SB:46 2012, in with the 'New'

2012 Is going to bring change to our civilization in some way or another, however, there is nothing new about this match-up. The "New" England Patriots will face a familiar foe, the "New" York Giants. A rematch of Super Bowl 42, which was Eli Manning's only Super Bowl appearance, and won a memorable game that capped their Story Book Finish. Today's Super Bowl, may be the biggest chance for America to send the Message, 'New' Teams Are Both Red and Blue.
I am looking ahead and I sense there may be a well known Patriot getting picked apart by the boys in blue. Tom Brady, has won his few Super Bowls, in light of the humor, today he could tie Joe Montana with 4 SB wins.
I like the way this game has a chance to be as important for Eli Manning as it will be for Tom Brady, however I believe Tom, is dodging left and right, until he sees Welker on the Fly. Brady throws it to Randy Moss, oh no it's intercepted, and the Giants end up with another take-away, that will be his 3rd Interception of the day. So that's Tom Brady telling Bill Belichek to pull him form the game, saying something about his tennis elbow?

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