Thursday, March 26, 2015

The Liberal Empire Strikes Back: Peruta to be reheard en banc

They're intent on going down swinging.
THOMAS, Chief Judge: 
Upon the vote of a majority of nonrecused active judges, it is ordered that

this case be reheard en banc pursuant to Federal Rule of Appellate Procedure
35(a) and Circuit Rule 35-3. The three-judge panel opinion and order denying
motions to intervene shall not be cited as precedent by or to any court of the Ninth Circuit.

Almost 5 months ago at NLOGAM, Sebastian blogged about the call for en banc from one of the judges. It looks like a majority of them voted to rehear the case.
Given the strong Second Amendment rationale in the Peruta decision by Judge O'Scannlain, I'm guessing some of the more liberal judges on the 9th Circuit don't want to be bound by it. After all, the 9th Circuit has a reputation as the most liberal circuit. Only 18 out of the 38 current active judges - those not having senior status - were appointed by Republican presidents. 
They don't want to be bound by a precedent that more strongly protects your rights. Gotta love these judges.

Friday, March 20, 2015

The very first Quote of the Day!


LaughingTarget has the honors! :) Thank you sir, for this excellent explanation of the trap the FED has created.
The elephant in the room is public debt. The Federal government leans heavily on short term debt instruments and rolls them over year to year. 
http://treasurydirect.gov/govt/reports/pd/feddebt/feddebt_ann2014.pdf... 
On page 19, it shows the maturity schedule by year. Most of it is due by 2019 with a huge portion of it due this year. The average interest rate in 1989 was close to 9% and has been driven down to 3% this year. With the tremendous debt load on the books, if rates rise, it will create a major fiscal problem for the Federal Government. Current debt servicing is running $443 billion, or 10% of the total annual spending. If rates rose up to the 1980s average, debt servicing would be 25% of all spending just at the Federal level. 
It would additionally cripple municipalities that rely on short term rollover debt as well. The Federal Reserve has incentivised huge debt loading over the past decade and any attempts to return rates to relative normal will destroy numerous governments and undermine a large portion of the Federal level's programs. 
Despite what everyone wants us to believe, the Federal Reserve is not independent. With these huge debt levels hanging over our heads, the chances the Fed will raise rates are slim. They'll continue to use every excuse in the book to avoid admitting that they fueled government debt and don't want to be the cause of the reduction or elimination of redistribution programs.
Yes, that sums it up quite nicely. They have created so much debt, that increasing the rates on borrowing would destroy the system. It will happen much faster than anyone most people would believe, given the annual turnover is close to 10 trillion. Even though they've been pushing for longer turnover since the crisis began, an increased interest rate fueled sovereign debt crisis could not be held off for more than one presidency.

Update:
Fixed GAO audit link, and adding the following:
For fiscal year 2014, interest expense incurred totaled $433 billion; [~2.4%] this consisted of interest expense on debt held by the public of $260 billion, and $137 billion in interest incurred for intragovernmental debt holdings. [Social Security and Medicare]
Investors may be piling on US treasuries right now, but that will only last while the US looks like the best ship in a sinking fleet. If our average interest rate rises to 4% we would need to divert an additional $300 billion towards the interest payments. In the meanwhile, we continue to overspend, so the number will continue to rise. Without balancing our budget, there is no way out of the hole - remember the last time we were close to balancing our budget the Federal funds rate was over 6%, and so was the average interest payment.  Today a 6% interest payment would cost $1 Trillion! That means we have less than $1.5 trillion of revenue remaining for spending on programs such as the military, medicare, and social security.

Something's got to give, and something WILL give. Reality is, and always has been, unforgiving. We are in for a lot of pain in the very near future. It won't be decades, probably not even one decade.

Eighteen Trillion One Hundred Fifty Two Billion Four Hundred Eight Million Six Hundred Thirty-Five Thousand Fifty-Five Dollars and Fifty-One Cents

$18,152,408,635,055.51. The debt to the penny.

In just 81 days, the national debt has grown by $122,295,278,979.46. Your personal liability for this has increased by $994 and you now owe $147,579.

This is becoming a habit for me.
As of today, our national debt is $18,030,113,356,076.05. 
In just 70 days, the national debt has grown by $130,797,271,522.68. Big Gov has added $1,063 to the debt of every producer in America. You now owe $146,585! Aren't you lucky.

People out there are paying for...

"Adult Preschool." You read that right. There are people out there, right now, paying up to a grand to pretend to be children in the company of other adult pretenders. They play with playdoh, do finger painting, and sit around on alphabet mats. I kid you not.

Day by day I realize I am not wrong. The Rubicon has been crossed, the event horizon reached. There is no turning back for this society.
Getting in touch with your inner child has never been so expensive.
The Brooklyn-based Preschool Mastermind, as it's called, is a preschool-type experience for adults. No, really. And according to its founder, there's show-and-tell, arts-and-crafts such as finger paint, games (think musical chairs) and even naps.

PHOTO: Michelle sees the class as a form of therapy, allowing adults to deal with their real world problems using the mind of their inner child.
Barcroft Media /Landov
PHOTO: Michelle sees the class as a form of therapy, allowing adults to deal with their real world problems using the mind of their inner child.

"I realized all the implications of what we learn in preschool," said founder Michelle Joni, who said she went to school for childhood education and always wanted to be a preschool teacher. "People come here and get in touch with their inner child. It's magical."

PHOTO: The full class starts at $333 and goes up to $999 with the adults paying as much as they can afford.
Barcroft Media /Landov
PHOTO: The full class starts at $333 and goes up to $999 with the adults paying as much as they can afford.

The class runs through March and meets weekly. Joni was getting ready for tonight's class when we spoke. She facilitates the class with two assistants. There are six students in the class, each hoping to get something different out of the experience.

Saturday, February 28, 2015

Still believe in public education?

A physics teacher has re-tasked his lesson plan to cover racism and "privilege, and social justice," exactly what one would not expect in a physics class. If public education wasn't doomed before, it certainly is now.
A high-school physics teacher has developed his own six-day curriculum that he uses to teach about institutional racism, privilege, and social justice as part of his seniors’ physics classes. The teacher, Moses Rifkin of University Prep in Seattle, has also been promoting the lesson plan to other high-school science instructors.
I never thought I would see the day when you couldn't trust a physics teacher to, you know, teach physics. I guess I grew up in a different world.

Tuesday, February 24, 2015

Climate change as religion and dharma

The head of the IPCC is accused of sexual harassment.
Rajendra Pachauri, chairman of the Intergovernmental Panel on Climate Change (IPCC), resigned today following accusations of sexual harassment by a former employee at the energy think tank he heads in New Delhi.
... 
Pachauri, 74, did not travel to Nairobi this week for the IPCC meeting due to a police investigation into a complaint filed Feb. 13 by a 29-year-old employee. According to to the complaint, she accused Pachauri of sending text messages and emails since September 2013 that were inappropriate (ClimateWire, Feb. 19).
Oops. Emails full of naughty words being exposed to the public? Say it ain't so.. Well, can't really call this "climategate" 2 or whatever. The only anthropomorphic heat being generated is the legal mess Pachauri is finding himself in. Let's face it, if she's got sexy emails from him he's done.

The best part for me though, is when he announces that his work is not just his job, it's his religion.
"For me the protection of Planet Earth, the survival of all species and sustainability of our ecosystems is more than a mission," he wrote. "It is my religion and my dharma [duty]." sic
 That's the most blatant admission from any "climate change" politician I've ever heard.

Saturday, February 21, 2015

What would you prefer?

This?
MEDFORD, NY (CBSNewYork/AP) – A gunman shot four people inside a pharmacy in a New York suburb Sunday morning, killing everyone inside the store in what police said looked like a robbery gone wrong.
... 
Police rushed to the scene after getting a 911 call from someone in the pharmacy’s parking lot. When they arrived, they found two employees and two customers dead, said Suffolk County Police Department’s Chief of Detectives, Dominick Varrone. No one inside the shop survived. 
Or this?
PINCH, W.Va. – A pharmacist in Pinch who was forced to make an incredibly difficult decision when an armed robbery turned deadly is speaking out and sharing how his faith is helping him through the ordeal. 
...
Eight people were inside the pharmacy in Pinch when the suspect came through the door about 9:45 a.m. 
Kanawha deputies said the man, identified by Kanawha deputies as Terry Gillenwater, 25, of Quick, was wearing a mask over his face. He stood in line for a few moments before producing a handgun and pointing it directly at the counter workers. 
Radcliff said he was standing just a few feet away. He drew his own weapon, firing three times, hitting the suspect twice and one shot actually hit the man's gun as he was aiming to fire back.
When violence descended on him, Mr. Radcliff was able to save eight lives, including his own. Facing the same situation, four disarmed innocents in New York had no chance and were slaughtered. I know what choice the families of the victims in New York would make. It's the same choice I would make, and any sane person would make.