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U.S.A. Congress
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PostPosted: Wed Jan 05, 2011 6:50 pm    Post subject: U.S.A. Congress  Reply with quote

112th Congress launched
January 5, 2011  
Day 1 of the 112th Congress began with prayers and lots of promises: to rein in the federal government, to repeal health care, to fix the economy, to work together - or not.
When the House - with 87 new Republican members and nine new Democrats - is sworn in at noon, control of the chamber will officially shift to the GOP.

And while Republicans will swiftly seek to undo major aspects of President Obama's legislative agenda, Democrats - with few other options - are pledging to continue the compromise-oriented approach that guided their unexpectedly productive lame-duck session in December.

Wednesday's schedule of events began with a private prayer service at St. Peter's Catholic Church on Capitol Hill that was attended by, among others, soon-to-be House speaker John A. Boehner (R-Ohio), outgoing Speaker Nancy Pelosi (D-Calif.), incoming majority leader Eric Cantor (R-Va.) and new minority whip Steny Hoyer (D-Md).

The Rev. Daniel P. Coughlin, the House chaplain, opened the service, which was closed to the press. Pelosi and Cantor read selections of Scripture, according to the program.

Boehner, a Roman Catholic with working-class roots, was the first to arrive at the church, CNN reported. He was accompanied by his wife, Debbie, their two daughters, Lindsay and Tricia, 10 of his 11 siblings and other family members.

According to CNN, Boehner told reporters camped outside his house earlier in the day that his top priority was "to fix a broken institution," adding: "The sun is out, and the American people are in charge."
At noon, the first order of business in the House will be formally electing Boehner as speaker. Pelosi will then address the lawmakers and introduce Boehner, who will make his own speech, take the oath of office and then administer the oath to the rest of the lawmakers en masse.

"Our aim will be to give government back to the people," Boehner will say, according to excerpts of his speech provided in advance. He added, "We will part with some of the rituals that have come to characterize this institution under majorities Republican and Democratic alike.

"We will dispense with the conventional wisdom that bigger bills are always better; that fast legislating is good legislating; that allowing additional amendments and open debate makes the legislative process 'less efficient' than our forefathers intended."

The rest of the afternoon in the House will be taken up by photo-op swearing-in ceremonies for individual House members. Meanwhile, in the Senate, Vice President Biden will administer the oath of office for senators elected or reelected in November.

House rejects farm bill, 62 Republicans vote no



USA HOUSE of Representatives
who no longer represent Americans

HARBINGER  WARNINGS - Isaiah 9 prophecy
When GOD destroys USA, you cant say He didnt WARN us!


DAILY NEWS with prophetic analysis  


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PostPosted: Thu Jan 06, 2011 5:46 am    Post subject: Reply with quote

Reading Constitution out loud called fetish
January 05, 2011
Rush Limbaugh fires back, blasting 'perverts' who twist founding document
In a nation founded upon the U.S. Constitution, one might think that reading the founding document out loud on the floor of the U.S. House of Representatives might not be controversial, but some DEMONcrats call it a "fetish."
The remarks came under heavy fire from radio host Rush Limbaugh who said

"They're perverts themselves.  These are perverts perverting the founding documents. If the Constitution's not that big a deal, how come the same people had such a cow when they thought Christine O'Donnell didn't know what she was talking about regarding the Constitution? If it's so unimportant, how come Obama's so proud to have been a constitutional lawyer or professor or lecturer, whatever he was?

"Abraham Lincoln. They hate him? Abraham Lincoln had a fetish for the U.S. Constitution? Here's what Lincoln said among many other things: 'We the people are the rightful masters of both Congress and the courts not to overthrow the Constitution but to overthrow the men who pervert the Constitution.' That's Lincoln. Is he a pervert? Lincoln have a fetish? Lincoln also said, 'Don't interfere with anything in the Constitution. That must be maintained, for it is the only safeguard of our liberties.'"

insert from old thread

Muslim Prayer Opens Congress
March, 2010
- The silence in the great hall of the Congress was deafening as imam Abdullah Antepli started delivering the opening prayer for the House of Representatives on Wednesday, March 3.

"Asalam alaikum… peace be with you," Antepli, the Muslim chaplain at Duke University, told the attendees who stood and bowed their heads in respect.
"O God of all nations, look with favor upon this esteemed Congress. Guard these important decision-makers with your divine light," he said.

"Be the source of strength and comfort. Enable them to serve you and glorify your names by serving the citizens of this great nation and to the entire humanity regardless of their gender, ethnicity or religion."

This is absolutely DISGUSTING.
The Islamification of AmeriKa is the END of the USA.
Its already occurred.  There are Muslims in Congress, one from Minnesota.

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PostPosted: Fri Jan 07, 2011 8:48 am    Post subject: Reply with quote

This is not an error ..  ITS a LIE!

House Speaker Nancy Pelosi  -  LIED! ... AGAIN!
January 07, 2011
 Can you imagine the sheer audacity of outgoing House Speaker Nancy Pelosi sermonizing that repealing Obamacare would do "very serious violence to the national debt and deficit"? This is the woman whose four-year tenure as speaker saw the national debt explode from $8.67 trillion to $14.01 trillion.

She's the lady who boasted, "Deficit reduction has been a high priority for us. It is our mantra, pay-as-you-go." Such is the state of Pelosi's credibility that even 19 of her Democratic colleagues voted against her for speaker.

When it comes to a wide spectrum of issues, I'm not sure which planet Pelosi and her ilk of liberals inhabit, but the Obamacare fiasco takes their otherworldliness to another level altogether – and that's being charitable because it assumes they're innocently unaware of how wrong they are.

Everyone knows that with Obamacare's government-mandated increases in demand and in government control over prices, shortages and rationing are inevitable. (That's either why they've established their little bureaucratic boards or their excuse for establishing them; the boards will ultimately dictate decisions concerning choice of care – including, dare I say it, end-of-life care.) Obama promised universal coverage, which won't happen, but what he didn't tell us is that his socialized plan could only increase coverage, if at all, by reducing access to, choice of and quality of care.

Obama also forgot to tell us when stumping for the bill that he would appoint Donald Berwick to run the Centers for Medicare and Medicaid Services, whose role will be greatly expanded under Obamacare to define the quality of care for every insurance plan and set Medicare and Medicaid reimbursement rates based on the CMS' assessment about the value in various medical treatments. If you doubted before that Obama's motive in socializing medicine was, well, socialistic, then that doubt should have been removed with the Berwick appointment. For Berwick is the man who loves Britain's socialized medicine and who said proudly, "Excellent health care is by definition redistributional." Just more evidence Obamacare was never about reducing budgetary pressures.

Moreover, everyone who reads and watches TV knows that Obama and his Democratic congressional conspirators funnied up the numbers to obtain a neutral Congressional Budget Office scoring so Obamacare could pass in the first place – for example, temporarily (and dishonestly) removing the "doc fix" from the bill, counting mythical Medicare funds in the calculations, and front-loading tax increases while deferring expenses, all of which grossly distorted the projected budgetary impact of the unpopular bill.

But the ink wasn't even dry on Obama's signature before abundant instances of other flagrant misrepresentations came to light, and since then, we've seen other evidence of just how cynical this entire operation has been from the beginning.

We soon learned that Obamacare doesn't allocate nearly enough money to cover the estimated 5.6 million to 7 million Americans with pre-existing medical conditions who will qualify for high-risk insurance pools. We discovered that the CBO estimate didn't factor in $115 billion worth of "discretionary" expenditures even though there's no question those expenditures will be made.

David Limbaugh book,
Crimes Against Liberty
An Indictment of President Barack Obama

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PostPosted: Fri Jan 07, 2011 2:15 pm    Post subject: Reply with quote

Bernanke plays down US recovery hopes

7 January 2011  The Financial Times

The US economy is getting stronger but not rapidly enough for the Federal Reserve to cut short its $600bn programme of asset purchases, chairman Ben Bernanke signalled in testimony to Congress.

“conditions in the labour market have improved only modestly at best”.
Fed will complete all of the $600bn in asset purchases planned until the end of June.
“the pace of economic recovery seems likely to be moderately stronger in 2011 than it was in 2010”.

He warned that it may take four to five years for unemployment to fall back to normal levels and that inflation is likely to remain at “historically low levels for some time”.
That means the Fed will continue to miss its unemployment and inflation objectives for years to come – a reason it has cited for keeping monetary policy loose.

“The committee remains unwaveringly committed to price stability and, in particular, to maintaining inflation at a level consistent with the Federal Reserve’s mandate from the Congress,” Mr Bernanke said.
He repeated the Fed’s plea for Congress to come up with a plan to control the long-term budget deficit but not to start tightening fiscal policy now.

“In their planning for the near term, fiscal policymakers will need to take into account the low level of economic activity and the still-fragile nature of the economic recovery,” he said.

”By contrast, the prompt adoption of a credible programme to reduce future deficits would not only enhance economic growth and stability in the long run, but could also yield substantial near-term benefits in terms of lower long-term interest rates and increased consumer and business confidence,” Mr Bernanke said.
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PostPosted: Fri Jan 07, 2011 5:13 pm    Post subject: Reply with quote

US jobs report an ‘utter mess’

7 January 2011  The Financial Times

Instead they got a murky mixture of a report, prompting one economist, Rob Carnell of ING Bank, to call it an “utter mess” and question why markets focus so much on payrolls at all.
The reality – taking the trend in both measures and other recent data together – is likely to be somewhere in between. Jobs growth is picking up a bit to more than 100,000 a month but still shows no sign of a dramatic acceleration.

There are a few theories to explain all the moves in the data. One is seasonal adjustments, which tend to be tricky at the end of the year and may have distorted the ADP numbers.

The difference between the household and business survey data is most likely just a one-off, although there are some suggestions that the business survey may have a slight bias towards larger companies, and their hiring behaviour could be different.
Most analysts attribute the fall in labour force participation and therefore the fall in the unemployment rate, to the expiry of long-term unemployment benefits in December.

If you no longer receive unemployment benefits, the theory goes, then you no longer have any reason to tell a survey you are ac-tively looking for work. The number of “discouraged workers”, who say that they are no longer looking for a job because they do not think they can find one, was 1.3m in December.

Congress has since renewed long-term unemployment benefits. A likely consequence is that the size of the labour force will bounce back in January, reversing the fall in the unemployment rate.

A further disappointment was in the average duration of a spell of unemployment, which rose from 21.7 to 22.4 weeks, suggesting that those people who are finding jobs have not been out of work for long.
In his testimony, Mr Bernanke said “persistently high unemployment, by damping household income and confidence, could threaten the strength and sustainability of the recovery”.
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PostPosted: Fri Jan 07, 2011 6:29 pm    Post subject: Reply with quote


House takes symbolic step to repeal health law

By RICARDO ALONSO-ZALDIVAR, Associated Press Ricardo Alonso-zaldivar, Associated Press – 8 mins ago
WASHINGTON – House Republicans cleared a hurdle Friday in their first attempt to scrap President Barack Obama's landmark health care overhaul, yet it was little more than a symbolic swipe at the law.

The real action is in states, where Republicans are using federal courts and governors' offices to lead the assault against Obama's signature domestic achievement, a law aimed at covering nearly all Americans.

In a post-election bow to tea partiers by the new GOP House majority, Republican lawmakers are undertaking an effort to repeal the health care law in full knowledge that the Democratic Senate will stop them from doing so.

Republicans prevailed Friday in a 236-181 procedural vote, largely along party lines, that sets the stage for the House to vote next week on the repeal.

Shortly before the House vote, Republican governors representing 30 states opened up a new line of attack, potentially more successful.

In a letter to Obama and congressional leaders, the governors complained that provisions of the health care law are restricting their ability to control Medicaid spending, raising the threat of devastating cuts to other critical programs, from education to law enforcement in a weak economy. It's ammunition for critics trying to dismantle the overhaul piece by piece.

Moreover, a federal judge in Florida is expected to rule shortly in a lawsuit brought by 20 states that challenges the law's central requirement that most Americans carry health insurance. A judge in Virginia ruled it unconstitutional last month, while in courts in two other cases have upheld it. It's expected that the Supreme Court will ultimately have to resolve the issue.

Obama made history last year when Congress finally passed the law after months of contentious debate, closing in on a goal that Democrats had pursued for generations. Republicans say they changed history by taking back the House in the midterm elections, partly on the strength of their pledge to tea party supporters and other conservatives to undo the divisive law, whose final costs and consequences remain largely unknown.

Some Republicans hope to get enough momentum going to force Obama and the Democrats into an early capitulation. "If you have to do an amputation, get it over with," Rep. Steve King, R-Iowa, a repeal leader, said after the House vote. "We need to get this showdown over so we can go on to other issues."

But Senate Democrats say what King and other House Republicans think matters little, since they will block any repeal legislation on the other side of the Capitol.

During last year's election campaign, many Democrats sought cover when the health care law would come up. On the House floor, they unleashed a full-throated defense, accusing Republicans of trying to take away benefits that many people are already receiving, such as lower prescription costs for Medicare recipients, extended coverage for young adults on their parents' plan and newly available insurance for people with serious medical problems.

"Repeal this bill, and you're going to find more Americans dying," said Rep. John Garamendi, D-Calif. Obama's grassroots political operation, Organizing for America, sent out an e-mail requesting donations for a campaign against repeal.

The overhaul would provide coverage to more than 30 million now uninsured, expanding Medicaid to pick up more low-income Americans and offering tax credits to help the middle-class. Most Americans would be required to carry health insurance, either through an employer, a government program or by purchasing their own. The legal challenge to that mandate is coming mainly from Republican state attorneys general.

Polls suggest the public remains divided over the underlying law as well as the question of whether it should be repealed, scaled back or expanded.

That leaves House Republicans with few clear options. They could try to deny the administration money to carry out the law, but that may not work. Major elements, such as tax credits to help make health insurance more affordable, were written as entitlements, meaning that they will be automatically funded. And if a drive to deny the money threatens to shut down the government, it could backfire politically.

Leading proponents of repeal acknowledge it may take the election of a Republican president to accomplish the goal. Both parties will probably take the major issues in the health care debate to the voters in 2012, when Obama is expected to run for a second term and the House and Senate will again be up for grabs.

The repeal drive has opened Republicans up to charges that they would increase the federal deficit. The Congressional Budget Office, the nonpartisan budget referee, says the legislation would increase deficits by $230 billion from 2012 to 2021. That's because spending cuts and new taxes more than offset the cost of expanding coverage.

Republicans counter that even if that's technically true, it would save money in the long run to repeal a big new program before it gets off the ground.

GOP governors, in their letter to Washington leaders Friday, argued the law is already limiting their options by requiring them to maintain certain levels of Medicaid coverage to continue receiving crucial federal money. Medicaid is a federal-state program that serves more than 50 million low-income people.

"The effect of the federal requirements is unconscionable; (they) force governors to cut other critical state programs, such as education, in order to fund a one-size-fits-all approach to Medicaid," wrote the governors, calling on Congress to lift the requirements. If the request advances, it could open the door to other attempts to change the law, or undermine it.

Voting with the Republicans on Friday were four Democrats who had opposed the law last year — Reps. Dan Boren of Oklahoma, Mike McIntyre and Larry Kissell of North Carolina, and Mike Ross of Arkansas.
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PostPosted: Sat Jan 08, 2011 8:33 am    Post subject: Reply with quote

Geithner says debt limit may be hit by March 31
6 January 2011, by Greg Robb (MarketWarch)

Treasury Secretary Timothy Geithner said Thursday that the U.S. could hit the $14.3 trillion debt ceiling as early as the end of March.

In a letter to Senate Democratic Leader Harry Reid, Geithner said the government right now has room to borrow about $335 billion.

It is most likely that the debt ceiling would be hit between March 31 and May 16, Geithner said.

"This means it is necessary for Congress to act by the end of the first quarter," Geithner said.
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PostPosted: Sun Jan 09, 2011 2:24 pm    Post subject: Reply with quote


Mike Pence Introduces Bill to Stop Tax Dollars from Going to Nation's Top Abortion Provider--Planned Parenthood

Friday, January 07, 2011

(CNSNews.com) – Rep. Mike Pence (R-Ind.) has introduced a bill in the House of Representatives that would prohibit abortion providers from receiving federal funds through Title X of the Public Health Service Act, including Planned Parenthood, which received more than $360 million in government grants and contracts in Fiscal Year 2008-2009.

“The largest abortion provider in America should not also be the largest recipient of federal funding under Title X,” Pence said from the House floor when he introduced the Title X Abortion Provider Prohibition Act today, Jan. 7.
“Federal funding should reflect the priorities and the values of the majority of the American people,” Pence said. “Whatever people think about abortion across this country since Roe versus Wade, survey after survey has shown that an overwhelming majority of Americans oppose the use of taxpayer dollars to support, subsidize, or promote abortion at home or abroad.”

Pence pointed out that although federal law prohibits federal funds from being used to pay for abortions, Planned Parenthood receives millions of dollars each year from government grants and contracts, including federal funds, for its family planning clinics, many of which also provide abortion services.

“Planned Parenthood and their defenders will claim that the money they received has not been used to fund abortions,” Pence said. “That is only technically true. Current law prohibits the use of Title X family planning funds – quote ‘programs where abortion is a method of family planning’ closed quote.

“Therein lies the loophole,” Pence said. “While Title X money cannot directly be used to fund abortions, common sense says there’s no question that taxpayer dollars received by Planned Parenthood are used to cover allowed expenses like overhead operational costs, thus freeing up other money for the clinics that do provide abortion.”

“In many of our largest cities, Title X clinics, run by Planned Parenthood, are literally just steps away from abortion clinics operated by Planned Parenthood, many times in the same building,” Pence said.

“This legislation would close that loophole that’s forced millions of pro-life Americans to subsidize the nation’s leading abortion provider; sustaining and underwriting this nefarious trade,” Pence said.

As reported earlier by CNSNews.com, Planned Parenthood received $363.2 million in government grants and contracts during its 2008-2009 fiscal year, according to the organization's annual report. That was up from $349.6 million in FY2007-08.

According to a fact sheet on Planned Parenthood's Web site, the organization performed 324,008 abortions in calendar year 2008. That was up from 305,310 in 2007 and 289,750 in 2006.

Pence said that cutting taxpayer dollars for abortion providers will not stop the “important work” done by health clinics across the country that get funding from Title X.

“This legislation does not cut one penny from Title X family planning funding,” he said. “I applaud much of the important work that’s done at Title X clinics across this country – breast cancer screening, HIV protection, education, counseling, pregnancy diagnosis. This legislation simply prevents family planning funding from aiding organizations that profit from the abortion industry.”

Pence said the timing is right for getting the bill passed.

“I urge our new majority to bring this legislation forward with all deliberate speed,” Pence said, noting the impact its passage would have.

“For the sake of American taxpayers; for the sake of the important work being done at Title X clinics across this country; and, most importantly, for the sake of the defenseless unborn and vulnerable young women who find themselves in a crisis pregnancy, we must enact the Title X Abortion Provider Prohibition Act and end the day of taxpayer support for these organizations,” Pence said.

Representative Pence announced that there are 122 co-sponsors of the bill.
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PostPosted: Thu Jan 13, 2011 9:20 am    Post subject: Reply with quote

2011 Starts With A Bang: $4.2 Billion In OUTFLOWS From Domestic Equity Funds
12 January 2011  Now this is just hilarious. After ICI just revised the last two data points of 2010 which were originally inflows, even if modest, to one outflow and one minimal inflow, more importantly it has disclosed the first flow of funds in 2011.

And as we predicted looking at last week's inflows in taxable bond funds, the year starts with an equity outflow, confirming that the retail lemmings are really not as stupid as the Fed and the Primary Dealers believe they are.
And what an outflow: at $4.2 billion, this was the largest one week outflow since early October!

And yes, bond inflows have resumed as we speculated, even as the scariest indication that things are really not well persists: namely that outflows from that next domino to drop, municipal bond funds, accelerate.
And when munis go, it is either a wipe out or QE3. Our money is on the latter.
Oh yes, for those who have questions on who may have been buying stocks now that it is confirmed that the inflow was a fluke, please address them to Mr Frost, 9th Floor, Liberty 33, the 10th Circle of Hell (reserved for legendary market manipulators).

Newt Gingrich Pushing Bill To Allow States To File Bankruptcy Allowing Them To Renege On Pension And Benefit Obligations
10 January 2011  Some unpleasant news for pensioned workers who believe that their insolvent state will be able to afford ridiculous legacy pensions in perpetuity.
According to Pensions and Investment magazines, Newt Gingrich is pushing for legislation that will allow insolvent states to be taken off bailout support and file bankruptcy, in the process allowing them to renege on pension and other benefit obligations promises to state workers.

And if there is anything that will get government workers' blood pressure to critical levels, it is the threat that money they had taken for granted is about to be lifted, courtesy of living in an insolvent state (pretty much all of them).
And obviously what this means for equity investors in assorted muni investments is that a complete wipe out is becoming a possibility, as Meredith Whitney's prediction, which everyone was quick to mock and ridicule, is about to come back with a vengeance.

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