Thursday, August 25, 2011

Did The Fed Buy The Market To Stop The Collapse?

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USGS Warns: May Have Been A Foreshock

CURATOR: LIVE FREE OR DIE. Minutes after the quake, the director of the USGS, Marcia McNutt -- who watched objects falling from the shelves in her office -- cautioned that the shaking might not be over...

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Fantastic Rumor About Washington Monument Tilting?

Fantastic Rumor About Washington Monument Tilting?CURATOR: BARRACUDA. Amid reports of spotty cellphone service and "localized casualties," Tuesday's earthquake gave rise to a completely fantastic rumor that slowly seems to be gaining merit -- or at least earnest investigation...

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Are We Watching NASA Astrophysics Commit Suicide?

Are We Watching NASA Astrophysics Commit Suicide?CONTRIBUTOR: ETHAN SIEGEL. Particle physics in the US is now just a handful of smaller, low energy accelerators that are not competitive with the LHC, incapable of discovering new fundamental particles. In short, US particle physics sealed its doom...

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CONTRIBUTOR: PHOENIX CAPITAL RESEARCH. Now that the market has rolled over and erased most of the gains from last week, I can’t help but wonder just why the market rallied at all. True, it was oversold… but the FOMC announcement wasn’t exactly bullish...

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The Secret Ingredient In Your Orange Juice ...

The Secret Ingredient In Your Orange JuiceCURATOR: ISIS. Haven’t you ever wondered why every glass of Tropicana Pure Premium orange juice tastes the same, no matter where in the world you buy it or what time of year you’re drinking it in?...

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Image: A man walks along the waterfront Thursday as Hurricane Irene passes to the east of Nassau, Bahamas (© Lynne Sladky/AP)
Irene Pounds Bahamas as US Gets Ready
As the Category 3 storm barrels toward the East Coast, North Carolina issues a hurricane watch & officials in other states dust off evacuation plans.
  • Hurricane Tracker: See the latest path

    • CURATOR: HSAIVE

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    Interesting Commentary 

    "The Proposal" from the American Public

    When a company falls on difficult times, one of the things that seems to 
    happen is they reduce their staff and workers.  The remaining workers must
     find ways to continue to do a good job or risk that their job would be 
    eliminated as well. 

    Wall street and the media normally congratulate the CEO for making this
    type of "tough decision", and the board of directors gives upper corporate management big bonuses..  

    Our government should not be immune from similar risks.  

    Therefore: 

    Reduce the House of Representatives from the current 435 members to 
    218 members.  Reduce Senate members from 100 to 50(one per State).  
    Then, reduce their remaining staff by 25%.  

    Accomplish this over the next 8 years (two steps/two elections) and 
    of course this would require some redistricting.  

    Some Yearly Monetary Gains Include:  

    $44,108,400 for elimination of base pay for congress. (267 members X $165,200 pay/member/yr.)  

    $437,100,000 for elimination of their staff. (Estimate $1.3 Million in staff per each member of the House, and $3 Million in staff per each member of the Senate
    every year)  

    $108,350,000 for the reduction in remaining staff by 25%.   

    $7,500,000,000reduction in pork barrel earmarks each year.  
    (Those members whose jobs are gone.  Current estimates for total 
    government pork earmarks are at$15 Billion/yr).   

    The remaining representatives would need to work smarter and improve 
    inefficiencies.  It might even be in their best interests to work together for 
    the good of our country!   

    We may also expect that smaller committees might lead to a more efficient 
    resolution of issues as well. It might even be easier to keep track of what your representative is doing. 

    Congress has more tools available to do their jobs than it had back in 1911
     when the current number of representatives was established. 
    (Telephone, computers, cell phones to name a few)  

    Note:Congress does not hesitate to head home for extended weekends,
     holidays and recesses, when what the nation needs is a real fix for economic problems.  Also, we had 3 senators who were not doing their jobs for the 
    18+ months (on the campaign trail) and still they all accepted full pay.  
    Minnesota survived very well with only one senator for the first half of this year.  
    These facts alone support a reduction in senators and congress. 

    Summary of opportunity: 

    $44,108 ,400 reduction of congress members.

    $282,100,000 for elimination of the reduced house member staff. 

    $150,000,000 for elimination of reduced senate member staff. 

    $70,850,000 for 25% reduction of staff for remaining house members. 

    $37,500,000 for 25% reduction of staff for remaining senate members. 

    $7,500,000,000 reduction in pork added to bills by the reduction of 
    congress members. 

    $8,084,558,400 per year, estimated total savings. (That's 8-BILLION just to start!)

    Corporate America does these types of cuts all the time.  There's even a 
    name for it."Downsizing."------------------------------Also, if Congresspersons were 
    required to serve 20, 25 or 30 years (like everyone else) in order to collect 
    retirement benefits, taxpayers could save a bundle.  


    Now they get full retirement after serving only ONE term.  

    If you are happy with how Washington spends our taxes, then don't do anything

    Otherwise, it's time to "downsize" Congress.

    I think the American Public is on to something Here.
    Let's see how they like having their livelihood threaten.
    Forward this to your State representatives today
    and voice your plans for them.

    This story Forwarded by:  Mary Pawlowski, Chesapeake, Va. 


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