A way to balance the budget?: For the second straight month, the U.S. Treasury auctioned 1-month T-bills at 0.0% interest. The national budget gets significantly smaller if you whack out interest on the national debt, y’know.
All I want for Christmas is a repeal of Gramm-Leach-Bliley.
BOHICA: As part of “paying off” its multi-billion-dollar loan from the taxpayers, technically insolvent bank holding company Citigroup gets to keep $38 billion in tax credits that regulations normally would require it to give up. That figure will easily overshadow any profit the taxpayers may get from selling Citigroup shares. Merry. Freaking. Christmas.
But maybe Christmas is coming early; or, Who are you and what have you done with Sen. Jim Bunning?: Remember those 15 questions that the Cunning Realist suggested should be asked of Fed Chairman Ben Bernanke during his reconfirmation hearings? Unbelievably, a senator asked them. Even more unbelievably, the senator in question was Jim Bunning, heretofore a leading candidate for the title of Biggest Waste of Carbon in the U.S. Capitol.
You may now kiss the D.C. City Council: The District of Columbia has legalized gay marriage. Congress, per the Constitution, gets 30 legislative days to review the law once D.C.’s mayor has signed it, but the Democratic leadership will keep that puppy bottled up until the deadline has safely passed.
No room to talk: Panthers defensive backs Chris Harris and Chris Gamble need to STFU about Patriots WR Randy Moss. While they are having good years, and they did shut Moss down on Sunday, they apparently chose to ignore Wes Welker’s presence on the field. And what really matters is that yet again, the Panthers have failed to achieve consecutive winning seasons, while the Pats almost certainly are going to the playoffs.
Wardrobe police: Is Roy Williams gonna have me thrown out of North Carolina for wearing a Panthers jersey in Chapel Hill?
Shorter Janet Tavakoli: Except for Paul Volcker, the bankers don’t get it.
Brother can you spare your Visa card?: The Miami Herald, which recently laid off 199 people, is now attaching to each article a link through which people can contribute money online … to the paper, not the laid-off employees. The last time I can remember anything like this happening was when I was a kid and Ted Turner went on the air in Charlotte to ask people to send him money to keep Channel 36 on the air. (Yes, that’s Turner Broadcasting’s Ted Turner, and, yes, he repaid it.)
CBS Sports: “If any of our announcers talk about Tiger Woods, we’ll shoot this dog fire them.”
Best banking idea I’ve heard in a while: If Barney Frank has his way, only retail banks will be able to borrow from the discount window. At worst, this gets some banksters off the federal teat. It may even significantly ease the current credit crunch.
Quote of the day: “You’re either part of the solution or you’re a tool of ACORN.” — Conservative Brown, Boy Detective, by Tom Tomorrow.
Smarter Washington Post, please: The Post publishes a bunch of contextually challenged nonsense regarding the national debt. Economist Dean Baker rips them a new one. Yes, the national debt is too high and rising, but the bigger and more urgent problem is joblessness. The Post wants to scrap Social Security and Medicare but just doesn’t have the stones to say so.
Smarter Washington Post, please, cont.: Charles Lane criticizes colleague Ezra Klein’s criticism of Joe Lieberman … while also conceding that Klein’s factual claim is correct. Idiot. All you need to know about Lane is that he was Stephen Glass‘s editor. All you need to know about Klein is that Joe Lieberman finds him bothersome. (But here’s useful background on the contretemps.) Also, I posted the one-word comment “FAIL” on Lane’s blog post earlier; as of 10:30 p.m., it had been deleted, which fact I shortly thereafter commented upon. We’ll see if the 2nd comment stays up.
Smarter judges, please: U.S. District Judge William Duffey tells two Muslim defendants at a sentencing, “I’ll say this, our Gods are very different.” Uh, no, infidel; Christians and Muslims worship the same God.
If you like what Joe Lieberman is doing to health-care reform, wait’ll you see what he has planned for Social Security and Medicare.
Terminated; or, Cue the Limbaugh smears in 3 … 2… 1 …: Arnold Schwarzenegger throws Sarah Palin under the (hybrid?) bus.
Jerome “Swiftboat” Corsi asks,”Could it be that President Obama intends to bankrupt the USA in order to destroy free-enterprise capitalism itself?” Sounds like fun! Let’s play! Could it be that Jerome Corsi is a paranoid psychotic? Could it be that Jerome Corsi wouldn’t recognize the destruction of free-enterprise capitalism THAT’S NOW GOING ON, LED BY INVESTMENT BANKS, if it bit him in the ass? Could it be that Jerome Corsi has a financial motivation to misrepresent what the president is trying to do? Hey, this is fun! I could do this all day!
Paying for your wars: The Greatest Generation, so revered by conservatives, had no problem with this concept; indeed, they inculcated it in their children. So why do today’s Congressional leaders have such a problem?
Why is private health insurance such a bad idea? Let me the Main Street Alliance draw you a picture:
Back from the dead and ready to incriminate?: Some 22 million White House e-mails from the first Bush 43 administration have been “found,” four years and change after they “went missing.” In a perfect world, Karl Rove will be going to prison as a result for having 1) outed undercover CIA agent Valerie Plame and 2) obstructed a criminal investigation into the outing thereof. In the world we live in, we’ll probably find out that the missing $12 trillion in U.S. wealth, much of it sucked out of the home values and retirement savings of the middle class, is now in some Nigerian barrister’s bank account.
Math: About fifteen times as many people die in the U.S. every year as a result of lack of health insurance as died in the 9/11 terror attacks.