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Showing posts with label USD. Show all posts
Showing posts with label USD. Show all posts
Tuesday, March 6, 2012
Rick Santorum Tells AIPAC Obama ‘Turned His Back on the People of Israel’
Rick Santorum Tells AIPAC Obama ‘Turned His Back on the People of Israel’: CLEVELAND – Instead of shaking hands outside polling places in Ohio or Tennessee today, Rick Santorum warned a Super Tuesday audience at the American Israel Public Affairs Committee conference in Washington D.C., of the dangers of a nuclear Iran and accused President Obama of doing...
Thursday, February 23, 2012
Keen on slashing the national debt? Ron Paul is your man
Ron Paul ranks as the one candidate among four whose announced policies would leave America with a lower national debt than it would have under a status quo course, according to a new analysis.
By Mark Trumbull | Christian Science Monitor – 2 hrs 20 mins ago
Ron Paul has touted himself as the strongest fiscal conservative running for the Republican presidential nomination, and according to one new analysis, he may be right.
The Texas congressman ranks as the one candidate among four whose announced policies would leave America with a lower national debt than it would have under a status quo course.
That's the tentative conclusion of the Committee for a Responsible Federal Budget (CRFB), a nonpartisan fiscal watchdog group, in a report evaluating the tax and spending policies of Representative Paul, Newt Gingrich, Mitt Romney, and Rick Santorum.
It's some basic math that any cash-strapped household would understand: His cuts to federal spending would outweigh his proposed tax cuts. The other candidates so far haven't fleshed out spending-cut plans that equal or exceed their tax cuts, which reduce expected federal revenues. In all, Paul's proposals would leave the United States with a national debt equaling 76 percent of one year's gross domestic product in 2021. That would be slightly higher than the debt is today, but lower than it would be in a base-line scenario that represents current policies pursued by Congress.
Former Massachusetts Governor Romney would leave public debt at 86 percent of GDP in 2021. Former US Senator Santorum would leave debt at 104 percent of GDP. Former House Speaker Gingrich would leave it at 114 percent of GDP.
In the base-line case, debt reaches 85 percent of GDP. This assumes a continuation of Bush-era tax cuts, an ongoing "patch" to keep more Americans from being hit by the alternative minimum tax, and an annual "doc fix" for physician payments under Medicare. In this status quo scenario, the deficit would amount to more than $1 trillion in 2021.
In public opinion polls, Americans see reducing annual deficits and the nation's overall debt as a top priority (behind economic growth and job creation) for government. Many economists say the debt is already rising into a zone that could threaten the economy's stability. Paul's prescription is to tackle the problem in libertarian fashion, with a major downsizing of the federal government. His proposals, as gauged by CRFB, would reduce federal spending by some $7.5 trillion over a nine-year period. (For comparison, federal spending will total $3.6 trillion in the 2012 fiscal year, the Congressional Budget Office estimates.)
Paul's cuts would span from the military to Medicaid and beyond.
In one TV ad, Paul's campaign has shown pictures depicting the Departments of Education, Interior, Energy, Commerce, and Housing and Urban Development blowing up as federal spending is reined in. "Later, bureaucrats," the narrator says.
His plan also calls for significant reductions in taxes on personal income, estates, and corporate income – totaling $5.2 trillion over the nine-year period that CRFB analyzed.
The CRFB analysis is tentative for several reasons. The group highlights estimates from an "intermediate scenario" for each candidate, based on policies each has spelled out in some detail. Romney doesn't get credit, for example, for his currently vague call for capping federal spending at 20 percent of GDP.
The CRFB says it will update its report as candidates revise or flesh out their economic plans.
The report also shows an alternative "low-debt" scenario, which essentially takes candidate pledges at face value, even if the proposals currently lack in detail.
In this scenario, Paul also leads the Republican pack in fiscal discipline, with debt falling to 67 percent of GDP. Romney and Santorum (who has a goal to cut $5 trillion in federal spending in five years) would also leave the US with lower debt than under the status quo case. Another caveat to the CRFB analysis: Paul's proposal to end the Federal Reserve would have wide and uncertain impacts on the economy. The CRFB takes only a first glance at this issue. It emphasizes an "intermediate-debt" scenario in which shutting down the Fed would cost the nation $430 billion over the nine-year period. That's because the Fed would no longer be making annual payments of surpluses from its operations to the US Treasury.
In the "low-debt" scenario, the CRFB credits the Paul plan with saving some $1.2 trillion by shutting down the Fed. But the group calls his idea "incomplete," saying that he proposes what amounts to a default by the Fed on the reserves it now holds for private banks. Some budget experts say these numbers regarding the Federal Reserve show only one implication of Paul's proposal. The bigger issue would be this: How would the economy function if the nation had no central bank to manage monetary policy?
"The impact on the budget would likely be major," said Alice Rivlin, a former Fed official who spoke at a Thursday panel discussion at the New America Foundation in Washington, at which the CRFB report was presented.
She didn't elaborate on the potential consequences. Many economists, while having varying views on optimal Fed policy, argue that the central bank played a key role in preventing the financial crisis of 2008 from pitching the economy into a 1930s-style depression. Paul has argued that a return to the gold standard would allow the economy to function with a "sound money" alternative to the current inflation-prone currency.
RECOMMENDED: The roar of Ron Paul – five of his unorthodox views on the economy Get daily or weekly updates from CSMonitor.com delivered to your inbox. Sign up today.
By Mark Trumbull | Christian Science Monitor – 2 hrs 20 mins ago
Ron Paul has touted himself as the strongest fiscal conservative running for the Republican presidential nomination, and according to one new analysis, he may be right.
The Texas congressman ranks as the one candidate among four whose announced policies would leave America with a lower national debt than it would have under a status quo course.
That's the tentative conclusion of the Committee for a Responsible Federal Budget (CRFB), a nonpartisan fiscal watchdog group, in a report evaluating the tax and spending policies of Representative Paul, Newt Gingrich, Mitt Romney, and Rick Santorum.
It's some basic math that any cash-strapped household would understand: His cuts to federal spending would outweigh his proposed tax cuts. The other candidates so far haven't fleshed out spending-cut plans that equal or exceed their tax cuts, which reduce expected federal revenues. In all, Paul's proposals would leave the United States with a national debt equaling 76 percent of one year's gross domestic product in 2021. That would be slightly higher than the debt is today, but lower than it would be in a base-line scenario that represents current policies pursued by Congress.
Former Massachusetts Governor Romney would leave public debt at 86 percent of GDP in 2021. Former US Senator Santorum would leave debt at 104 percent of GDP. Former House Speaker Gingrich would leave it at 114 percent of GDP.
In the base-line case, debt reaches 85 percent of GDP. This assumes a continuation of Bush-era tax cuts, an ongoing "patch" to keep more Americans from being hit by the alternative minimum tax, and an annual "doc fix" for physician payments under Medicare. In this status quo scenario, the deficit would amount to more than $1 trillion in 2021.
In public opinion polls, Americans see reducing annual deficits and the nation's overall debt as a top priority (behind economic growth and job creation) for government. Many economists say the debt is already rising into a zone that could threaten the economy's stability. Paul's prescription is to tackle the problem in libertarian fashion, with a major downsizing of the federal government. His proposals, as gauged by CRFB, would reduce federal spending by some $7.5 trillion over a nine-year period. (For comparison, federal spending will total $3.6 trillion in the 2012 fiscal year, the Congressional Budget Office estimates.)
Paul's cuts would span from the military to Medicaid and beyond.
In one TV ad, Paul's campaign has shown pictures depicting the Departments of Education, Interior, Energy, Commerce, and Housing and Urban Development blowing up as federal spending is reined in. "Later, bureaucrats," the narrator says.
His plan also calls for significant reductions in taxes on personal income, estates, and corporate income – totaling $5.2 trillion over the nine-year period that CRFB analyzed.
The CRFB analysis is tentative for several reasons. The group highlights estimates from an "intermediate scenario" for each candidate, based on policies each has spelled out in some detail. Romney doesn't get credit, for example, for his currently vague call for capping federal spending at 20 percent of GDP.
The CRFB says it will update its report as candidates revise or flesh out their economic plans.
The report also shows an alternative "low-debt" scenario, which essentially takes candidate pledges at face value, even if the proposals currently lack in detail.
In this scenario, Paul also leads the Republican pack in fiscal discipline, with debt falling to 67 percent of GDP. Romney and Santorum (who has a goal to cut $5 trillion in federal spending in five years) would also leave the US with lower debt than under the status quo case. Another caveat to the CRFB analysis: Paul's proposal to end the Federal Reserve would have wide and uncertain impacts on the economy. The CRFB takes only a first glance at this issue. It emphasizes an "intermediate-debt" scenario in which shutting down the Fed would cost the nation $430 billion over the nine-year period. That's because the Fed would no longer be making annual payments of surpluses from its operations to the US Treasury.
In the "low-debt" scenario, the CRFB credits the Paul plan with saving some $1.2 trillion by shutting down the Fed. But the group calls his idea "incomplete," saying that he proposes what amounts to a default by the Fed on the reserves it now holds for private banks. Some budget experts say these numbers regarding the Federal Reserve show only one implication of Paul's proposal. The bigger issue would be this: How would the economy function if the nation had no central bank to manage monetary policy?
"The impact on the budget would likely be major," said Alice Rivlin, a former Fed official who spoke at a Thursday panel discussion at the New America Foundation in Washington, at which the CRFB report was presented.
She didn't elaborate on the potential consequences. Many economists, while having varying views on optimal Fed policy, argue that the central bank played a key role in preventing the financial crisis of 2008 from pitching the economy into a 1930s-style depression. Paul has argued that a return to the gold standard would allow the economy to function with a "sound money" alternative to the current inflation-prone currency.
RECOMMENDED: The roar of Ron Paul – five of his unorthodox views on the economy Get daily or weekly updates from CSMonitor.com delivered to your inbox. Sign up today.
Economic Developments Around The Globe
By The Associated Press
A look at economic developments and activity in major stock markets around the world Thursday:
___
BRUSSELS — Half the economies in the 17-nation eurozone are forecast to shrink this year, raising concerns that government austerity programs introduced to combat unsustainable debt levels are holding back growth.
___
BERLIN — German business confidence has risen for the fourth consecutive month as Europe's biggest economy continues to outperform much of the rest of the debt-hobbled continent, a closely watched survey showed.
___
BRUSSELS — The European Union is preparing regulations that will shut out Iran's banks from a major financial clearinghouse used by virtually every country in the world, a senior official said.
___
LONDON — Markets were subdued as Greece pressed ahead with reforms demanded by its creditors in exchange for crucial bailout cash and as tensions rose in the Persian Gulf over Iran's nuclear program. Germany's DAX fell 0.5 percent while the CAC-40 in France was flat. The FTSE 100 index of leading British shares recovered from earlier losses to end 0.4 percent higher.
___
TOKYO — In Asia, Hong Kong's Hang Seng dropped 0.8 percent and South Korea's Kospi lost 1 percent. But Japan's 225 Nikkei added 0.4 percent, its highest finish since Aug. 4, as the dollar traded near a seven-month high against the yen. That's a positive sign for Japan's powerhouse exporters, which have struggled amid a prolonged period of strength in the yen. In mainland China, the benchmark Shanghai Composite Index added 0.3 percent, its highest close in three months. The Shenzhen Composite Index advanced 0.5 percent.
___
ATHENS, Greece — The Greek Parliament approved a massive bond swap that would wipe $142 billion off the country's privately-held debt, as new projections showed the economy will suffer the worst contraction in Europe this year.
___
WARSAW, Poland — Poland's jobless rate rose to 13.2 percent in January from 12.5 percent the previous month, according to government statistics.
A look at economic developments and activity in major stock markets around the world Thursday:
___
BRUSSELS — Half the economies in the 17-nation eurozone are forecast to shrink this year, raising concerns that government austerity programs introduced to combat unsustainable debt levels are holding back growth.
___
BERLIN — German business confidence has risen for the fourth consecutive month as Europe's biggest economy continues to outperform much of the rest of the debt-hobbled continent, a closely watched survey showed.
___
BRUSSELS — The European Union is preparing regulations that will shut out Iran's banks from a major financial clearinghouse used by virtually every country in the world, a senior official said.
___
LONDON — Markets were subdued as Greece pressed ahead with reforms demanded by its creditors in exchange for crucial bailout cash and as tensions rose in the Persian Gulf over Iran's nuclear program. Germany's DAX fell 0.5 percent while the CAC-40 in France was flat. The FTSE 100 index of leading British shares recovered from earlier losses to end 0.4 percent higher.
___
TOKYO — In Asia, Hong Kong's Hang Seng dropped 0.8 percent and South Korea's Kospi lost 1 percent. But Japan's 225 Nikkei added 0.4 percent, its highest finish since Aug. 4, as the dollar traded near a seven-month high against the yen. That's a positive sign for Japan's powerhouse exporters, which have struggled amid a prolonged period of strength in the yen. In mainland China, the benchmark Shanghai Composite Index added 0.3 percent, its highest close in three months. The Shenzhen Composite Index advanced 0.5 percent.
___
ATHENS, Greece — The Greek Parliament approved a massive bond swap that would wipe $142 billion off the country's privately-held debt, as new projections showed the economy will suffer the worst contraction in Europe this year.
___
WARSAW, Poland — Poland's jobless rate rose to 13.2 percent in January from 12.5 percent the previous month, according to government statistics.
Sunday, February 19, 2012
RON PAUL ENDORSED BY MISSOURI STATE REP. PAUL CURTMAN
LAKE JACKSON, Texas– 2012 Republican Presidential candidate was endorsed today by Missouri State Representative Paul Curtman of the 105th Legislative District, comprising parts of Franklin, Jefferson, and St. Louis counties.
Rep. Curtman, a rising star in the conservative political establishment, will introduce Dr. Paul tonight at a campaign rally the 12-term Congressman from Texas will hold in Kansas City.
In making his public endorsement, Rep. Curtman issued the following statement:
“Missouri is a prolife state, and if we handle the abortion issue at the state level like Ron Paul says, then we could end the practice of abortion in Missouri.
“Political office is reserved as a position of service, not a position of status. The fact that Ron Paul hasn’t applied for congressional benefits tells me that he is a public servant determined to protect my liberty.
“I find great value in Ron Paul’s principled stand for protecting personal freedom and sound financial principles. Blind loyalty to political figures has done nothing but expand the size of government, and it creates budget deficits that will take generations to pay off. Ron Paul has a plan to cut a trillion dollars of spending his first year, and he has consistently fought for personal freedom throughout his time in Congress.”
Today an ardent student of history and outspoken defender of the U.S. Constitution, Paul R. Curtman graduated from Pacific High School in 1999. He subsequently enlisted in the United States Marine Corps and served his country as an infantryman with Golf Co. 2nd Battalion 3rd Marines. As a Sergeant in the Marines, Paul deployed to the Middle East in support of Operation Enduring Freedom.
After leaving active duty, Paul continued his service as a Marines Reservist for six years. During that time, Paul attended the University of Missouri-St. Louis, where he earned a bachelors’ degree in Political Science. Upon graduation, he became licensed as a Series 7 Investment Representative and employed at a major investment firm.
Paul is the fourth of five children with two brothers and two sisters. His father, Dr. C.R. Curtman, has pastored a Baptist church for nearly 35 years with the support of his wife, Paul’s mother. Paul’s brothers and sisters include a biologist, accountant, police officer, and businessman.
In addition to his endorsement as a lawmaker in the Show-Me State, as a function of this announcement Rep. Curtman also joins the national advisory board of “Veterans for Ron Paul,” in particular its Missouri steering committee.
Providing a strong boost to Ron Paul’s Missouri state organization, such endorsements present Ron Paul as the conservative alternative to Mitt Romney. They also demonstrate that the 12-term Congressman from Texas has the only campaign organization capable of maintaining a 50-state competition with the moderate-establishment Romney.
Thursday, February 16, 2012
Wednesday, February 15, 2012
Break Up Fights And Get Paid
If you are good at breaking up fights and want to get paid for it, then you need to become a mediator! For those of you that don't know, mediators are qualified professionals that assist businesses and residents in solving needless fights and disputes that get ridiculously out of hand. By becoming a mediator, you will earn a very lucrative income - up to $150/hr worked! This is a great reward for the hard work involved, both for you and the parties involved. There are, of course, many great things about becoming a mediator. Some of these are listed below:
1. They are always in need. There are always disputes and fights that need solved, even in a recession!
2. Easy to get started. Full support and training will be provided to you as well as ongoing advice.
3. A brilliant way to bring in additional income. Help you and your family become better off financially, become debt free, or go on that dream holiday....
4. A respected profession & is needed by businesses, employers, and sectors of all levels.
For more information visit http://www.mediatorcash.com
1. They are always in need. There are always disputes and fights that need solved, even in a recession!
2. Easy to get started. Full support and training will be provided to you as well as ongoing advice.
3. A brilliant way to bring in additional income. Help you and your family become better off financially, become debt free, or go on that dream holiday....
4. A respected profession & is needed by businesses, employers, and sectors of all levels.
For more information visit http://www.mediatorcash.com
Wednesday, January 4, 2012
THREE NH NEWSPAPERS ENDORSE RON PAUL FOR PRESIDENT
CONCORD, NH – The Littleton Courier, Berlin Reporter, and Coos County Democrat all announced today their endorsements of 2012 Republican Presidential candidate Ron Paul.
The endorsements come on the heels of the 12-term Congressman from Texas’s strong top-three finish in the Iowa Caucus giving one of two viable tickets out of the Hawkeye State.
“Former Massachusetts Gov. Mitt Romney has been in the lead for months,” wrote the editors, “but voters still seem desperate for an alternative — there’s always another candidate pulling stronger or almost as strong numbers in the polls. Voters have lost faith in Obama, but they are not sold on Romney to replace him.”
Congressman Ron Paul, however, “has never voted to raise a tax and voted against all of the bailouts that have riled up Tea Partiers and Occupy Wall Streeters alike,” they continued. “His prediction that the United States can no longer afford the economic cost of our overseas commitments makes many Republicans uncomfortable, possibly by the very truth of the assertion. For decades he has been that rare sort of politician who speaks what he believes to be the truth and doesn’t flutter in the wind of public opinion. That could not be said of Obama or Romney.
“Powerful leaders like Franklin Roosevelt and Ronald Reagan change the political landscape,” the editors concluded. “This is what Ron Paul would do for our country and why we support him.”
The endorsements come on the heels of the 12-term Congressman from Texas’s strong top-three finish in the Iowa Caucus giving one of two viable tickets out of the Hawkeye State.
“Former Massachusetts Gov. Mitt Romney has been in the lead for months,” wrote the editors, “but voters still seem desperate for an alternative — there’s always another candidate pulling stronger or almost as strong numbers in the polls. Voters have lost faith in Obama, but they are not sold on Romney to replace him.”
Congressman Ron Paul, however, “has never voted to raise a tax and voted against all of the bailouts that have riled up Tea Partiers and Occupy Wall Streeters alike,” they continued. “His prediction that the United States can no longer afford the economic cost of our overseas commitments makes many Republicans uncomfortable, possibly by the very truth of the assertion. For decades he has been that rare sort of politician who speaks what he believes to be the truth and doesn’t flutter in the wind of public opinion. That could not be said of Obama or Romney.
“Powerful leaders like Franklin Roosevelt and Ronald Reagan change the political landscape,” the editors concluded. “This is what Ron Paul would do for our country and why we support him.”
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