Thursday, March 28, 2013

U.S. Economy Grew At A Pathetic 0.4%: Weakest Performance in Two Years; How Bad Are Those Pension Liabilties?; Federal Employees Owe $3.5B in Back Taxes; Guess What Cities Are Dead Last In Prosecuting Gun Crimes?; Snail Sex?

Anderson Cooper Throws Another Box Of Letters From Gay Children Into The Dumpster...The Onion

  • At the risk of repeating myself (but I will), the economy is still in the toilet contrary to what the administration, Democrats and their presstitutes enablers have been telling us. The economy grew at an anemic 0.4% at the end of last year. It was the economy's WEAKEST performance in two years. Sky News
  • In addition, first time unemployment claims jumped by 16,000 to 357,000 last week. Labor Department
  • The administration can't blame the sequester on these pathetic numbers since the impact has not fully kicked in yet.
  • If you want some idea how bad the pension liabilities are for some states, all you need to do is look at one of many. New York State's is currently estimated to be $5.5 billion.  For the pension program to be adequately funded, the Dow Jones Average would have to be about 26,000 (it's now just over 14K and it took us 5 years to get back up to that number from 2007).
  • We discuss government waste and fraud a lot as little is being done about it. For example, the Government Accountability Office just reported that fraud in Medicare alone is about $17 billion a year;
  • You might recall a report came out several weeks ago that the feds spent millions on a study to determine why many lesbians are fat. Another report came out the feds also spent $1.8 million on puppets. I kid you not. Breitbart

  • Oh, and one more thing. The feds also spent  almost $900K on studying---now get the duct tape out for your head so it does not explode---snail sex at the University of Iowa. No one told me that watching snails having sex was hot. But, hey, to each his own.
  • A Tweet from former Senator and actor Fred Thompson today: "New bill proposed firing federal employees who don't pay their taxes. Makes sense. They can't all be promoted to Treasury Secretary." For those who don't remember, Obama appointed a Treasury Secretary---little Timmy Geithner---who didn't pay all his taxes. The Treasury Secretary oversees the IRS. Federal employees owe $3.5 billion in back taxes. Boston Herald
  • We know that Chicago, LA and New York have some of the strictest gun laws in the nation. But do you know all three of those cities ranked LAST in terms of prosecuting gun crimes?  US News and World Report