President Barack Obama has signed legislation lifting the cap on government borrowing to $14.3 trillion. The new law also puts in place new budget rules to curb growing annual deficits. Known as "paygo" — for "pay as you go" — the rules require future spending increases or tax cuts to be paid for with tax increases or other spending cuts. If the rules are broken, the White House budget office would force automatic cuts in programs like Medicare and farm subsidies. Most other benefit programs, including Medicaid, Social Security and food stamps, would be exempt. The debt limit was increased from $12.4 trillion to keep the U.S. from going into default. Obama signed the bill privately Friday at the White House...Link
Monday, February 15, 2010
Debt is what we do best............
President Barack Obama has signed legislation lifting the cap on government borrowing to $14.3 trillion. The new law also puts in place new budget rules to curb growing annual deficits. Known as "paygo" — for "pay as you go" — the rules require future spending increases or tax cuts to be paid for with tax increases or other spending cuts. If the rules are broken, the White House budget office would force automatic cuts in programs like Medicare and farm subsidies. Most other benefit programs, including Medicaid, Social Security and food stamps, would be exempt. The debt limit was increased from $12.4 trillion to keep the U.S. from going into default. Obama signed the bill privately Friday at the White House...Link
Saturday, February 13, 2010
Can chocolate lower your risk for stroke?....
While some of the staples of eating healthy are pretty easy to remember—eating balanced meals that include veggies, protein and starch, and eating lots of fiber, not too much sugar and not too much fat—sometimes keeping track of all of the little ways that diet can influence our health can be a challenge. Yet, if there's one thing that is easy to remember, it's chocolate. And, according to research that will be presented this April at a meeting of the American Academy of Neurology, because of the high concentration of antioxidants called flavonoids found in dark chocolate, indulging every now and then might decrease the risk for stroke, and may also reduce the risk of death after suffering a stroke...Link
Friday, February 12, 2010
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Liberals and libertarians finally break up.....
One mini-saga of the past decade in American politics has been the flirtation—with talk of a deeper partnership—between progressives and libertarians. These two groups were driven together, in the main, by common hostility to huge chunks of the Bush administration's agenda: endless, pointless wars; assaults on civil liberties; cynical vote-buying with federal dollars; and statist panders to the Christian right. This cooperation reached its height during the 2006 election, in which, according to a new study by David Kirby and David Boaz, nearly half of libertarian voters supported Democratic congressional candidates—more than doubling the support levels from the previous midterm election in 2002. (As Jonathan Chait noted after the first Kirby/Boaz study of libertarian voting, their definition is overly broad, encompassing 14 percent of the electorate.) At the time, left-wing blogger Markos Moulitsas hailed the influx of "libertarian democrats" into the Democratic coalition. Soon, even the Cato Institute's Brink Lindsey was proposing a permanent alliance of what he called "liberaltarians."..Link
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