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Lew Rockwell

I was shocked, surprised, and flabbergasted to hear it. I’m sure that you'll never believe it, either. The federal government is – get this, readers – butting into your most personal and private business. OK, you’ve caught me in a rare moment of sarcasm. Maybe I wasn't really that surprised. After all, government bureaucrats attempt to control what types of substances you put into your body, what kind of work you do with your body, and even how you can legally dispose of your body after death; it makes perfect sense that they would also scramble for power over what parts of your body should remain attached. Yes, that’s right. The CDC is now considering a campaign for universal circumcision in the US. The reason for pushing this one-size-fits-all policy stems from the results of several studies, all done in Africa, which have demonstrated the benefits of male circumcision for reducing the transmission of HIV.

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Flopping Aces

George Soros (Obama's Puppet Master) 29th richest person in the world (Forbes) 1988 felony conviction in France for insider trading; Former member of the Council on Foreign Relations, former member of the Carlyle Group, & made 1.1 Billion last year during the financial crisis. His official job is American Currency Speculator. In 1997 the Malaysian Prime Minister accused him for the Asian Financial Crisis. Powerful guy and he's been supporting Obama since he was a young senator. Now check out how Obama's policies are now making this guy even more money.

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WSJ

A mortgage-industry trade group is calling for Congress to transform Fannie Mae and Freddie Mac into several smaller privately held companies that would issue mortgage securities carrying an explicit government guarantee. The proposed framework, to be released Wednesday by the Mortgage Bankers Association, would give successor entities to Fannie and Freddie the authority to create securities backed by certain types of mortgages. The new companies would guarantee the securities against defaults on the underlying mortgages. Some foreign investors in China and elsewhere lost confidence in that fuzzy implied guarantee last year and reduced their holdings of the companies' debt, though the U.S. government has propped up Fannie and Freddie with capital infusions. "If we're going to restore and maintain investor confidence and...consistent liquidity, that is going to require an explicit backstop," said John Courson, chief executive and president of the MBA. Shares

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Current

In 1977, the New York Times found that Ted Kennedy was avoiding the very estate taxes he supported by funneling money through trust funds and foundations he had established. See how long this went on for.... ***This article has been chosen as a discussion topic on PFP Movement Radio, http://www.blogtalkradio.com/pfpmovementradio Friday night at 6pm-8pm. Please Call In To The Show, 347-633-9636. COMMENTS will be included in the show so feel free to discuss or ask questions here on current.com as they will be addressed during the show. This article will also air on Freedom Hour

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CBS

The push to name a successor to the late Sen. Edward M. Kennedy gained momentum Monday, with state lawmakers scheduling a hearing on whether to allow an appointee to serve until a special election in January. Before he died last week, Kennedy had asked Massachusetts lawmakers to change state law to let the governor name an interim appointee to serve until voters can choose a permanent replacement. Current Massachusetts law does not allow an interim appointee. "This is the only way to ensure that Massachusetts is fully represented," Patrick said, but cautioned that "I don't think by any means it is a certainty it will happen." Patrick says the special election to fill Kennedy's seat will be held Tuesday, January 19, 2010.

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Associated Press

Ousted Illinois Gov. Rod Blagojevich says in a new book that White House chief of staff Rahm Emanuel wanted his help in arranging to leave the Obama administration after two years to reclaim his seat in Congress.

Blagojevich writes in "The Governor" that Emanuel spoke with him about whether it was possible to appoint a "placeholder" to the congressional seat Emanuel was giving up so that he could win back the seat in 2010 and continue his efforts to become speaker some day.

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Reuters

Nice send your "stimulus" money overseas! General Motors said on Sunday it has agreed to set up a light commercial vehicle production venture with major Chinese automaker FAW Group, with total investment of 2 billion yuan ($293 million). The 50-50 joint venture, based in the northeast China city of Changchun in Jilin province, will make light-duty trucks and vans, GM said in a statement. "For us in China, this is an important complement to the rest of our portfolio," Kevin Wale, president and managing director for GM's China operations, told reporters in a conference call. "We are well established in passenger vehicles and mini commercial vehicles and we haven't had a presence in the truck segment. Adding a truck portfolio rounds that out." The venture will use two existing FAW plants in Changchun and the city of Harbin, also in the northeast, with combined annual capacity of roughly 90,000 vehicles, Wale said.

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Associated Press

 

Neither Democratic Mayor Eddie Perez nor his attorney has detailed the charges, which are expected to involve a no-bid contract to former Democratic state Rep. Abraham Giles.

State investigators have been looking into a parking lot deal between the city and Giles since 2007. The deal included a $100,000 lease termination fee for Giles to vacate a city lot.

Perez proclaimed his innocence at a news conference Monday. He says he will not resign. He vows to complete his term and restore his reputation.

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ABC

The CDC's report, released Monday, may well create some level of hysteria. It said 1.8 million Americans could become seriously ill this fall and as many as 90,000 could die. In truth, America's national pandemic response plan has been shaped by lessons from the 1918 Spanish flu epidemic, which killed millions globally and did include gun-point quarantines. If the circumstances are deemed dire enough, the government's "Pandemic Influenza Plan" allows for strong measures, such as banning public gatherings and calling in the military to help with law enforcement.

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T F Stern

A piece of legislation which may have slipped under the radar, HB 1388, named the “Generations Invigorating Volunteerism and Education” bill (GIVE), has some interesting and alarming inclusions for young people who accept a student loan. The strings attached to such student loans would be mandatory service for a minimum of three months in “Obama’s Youth Brigade”.

The kind of service required brings to mind a brown shirted youth brigade, reminiscent of Hitler’s Nazi Germany, and has yet to face much if any public scrutiny; however, SEC. 1310 SEC 132A, which was removed and previously listed as SEC. 1304. Section 125, basically forbids church attendance in any way shape or form.

While written in such a way as to prohibit persons from using their position as volunteers to actively promote a specific religion, which would violate the current interpretation of separation of church and state; 1310 SEC 132A also acts to prohibit that same volunteer from par

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The Business Insider

The flood of debt that the US is taking on in its efforts rescue to economy will combine with huge social insurance obligations--Medicare, MedicaidSocial Security--to create an unsustainable level of public indebtedness, economist Jeffrey Rogers Hummel argues in at length here. Faced with this mountain of debt, policy makers will have just two choices: repudiate the debt or engage in hyper inflation to monetize it, Hummel writes. And faced with that choice the Treasury will likely protect the currency and default on Treasuries. Here's the scary conclusion:

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Washington Times

A month after they voted to punish some corporate executives for taking hefty bonus payouts, members of the House of Representatives quietly gave their own staffers a new potential bonus by making even their top-earning aides eligible for taxpayer dollars to repay their student loans. The change, which took effect in May, means House employees earning up to $168,411, or the top level, are now eligible for government-funded subsidies to help pay down their student loans. House officials defend the change as a job-related benefit necessary to keep the government competitive in the hiring market - the same argument corporate chieftains used to defend their own pay scales. "There's still a tremendous demand for high-end Hill talent even in this current job market. Expanding eligibility for the benefit allows us to retain valued and seasoned personnel who might otherwise be lured away to more financially lucrative pursuits," said Kyle Anderson, a spokesman for the Hou

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Reuters

Oh yes, America’s fiscal situation is a dreadful mess. The White House says the federal government will run a $9 trillion budget deficit over the next decade. As a percentage of the total economy, the United States looks to have an astounding debt-to-GDP ratio of 11 percent this year, with that number declining to around 4 percent from 2015 though 2019. And total debt held by the public will rise to 68 percent of GDP by that year versus 33 percent in 2001. Those numbers, however, are actually a bit on the rosy side. In his blog, Douglas Elmendorf, director of the Congressional Budget Office, notes that the forecasts presume no change in current tax laws, such as the continued existence of the Bush tax cuts and the alternative minimum tax (AMT), which grabs more and more taxpayers ever year at a lower and lower income level. Such forecasts also assume annual spending increases grow at the rate of inflation. But tomorrow is rarely the same as today in Washington. A more realisti

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Buy a new toilet, get a rebate, save the planet, and save some water. Or do we? I spoke with someone who is affiliated with the Wastewater Department and he told a different tale. Here in the greater Tucson area, our waste-water system runs on gravity. In order to take advantage of the “gravity system”, there actually needs to be a certain amount of water to keep “things moving along downstream”. You get the idea. The challenge that Wastewater is having is, “not enough flow” in certain parts of town. So in order to give the city of Tucson a high colonic (I’ve got a great mental picture right now), the city will dispatch crews to flush the problem areas out with, that’s right, water

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Barry Goldwater, Jr./The American Spectator

Nowhere in the debate regarding health care has anyone asked if the government is able and qualified to run such a system. Before we ask the government to manage universal health care, let's check them out. How successful has the federal government been in managing agencies, programs and businesses? Let's look at Medicare. The president and Congress propose to extend Medicare to cover the 47 million people who lack health care coverage. Did anyone remind Congress that Medicare is broke? It's rampant with fraud and abuse. It is estimated that Medicare and Medicaid fraud cost taxpayers $60 billion per year. Medicare is required by law to pay full retail prices for drugs that could be obtained for far less in a competitive-bidding system. Health insurance companies are required by state regulators to maintain a reserve for future liabilities. Every working stiff in this country is required to pay premium taxes into Medicare, which has no reserve. The federal government has

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The Federal Reserve must make public reports about recipients of emergency loans from U.S. taxpayers under programs created to address the financial crisis, a federal judge ruled.

This is in relation to a lawsuit filed by Bloomberg LP against the Federal Reserve on November 7, 2008, in Southern District of New York (08-09595), in which Bloomberg sought material loan and collateral data in relation to emergency loans released by the Fed, and which were previously claimed to be non-FOIAble.

This is a large blow against the Fed and specifically against organizations using FOIA loopholes from providing critical information, specifically in cases involving trillions of taxpayer dollars bailing out huge, systematically and politically embedded financial organizations.

The conclusion from the order just issued by District Judge Loretta Preska is as follows:

The Board's Motion for Summary Judgment is DENIED, and Bloomberg's Motion for Sum

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http://papatodd.com

You can always count on the Tucson City Council for a good laugh. Today’s snort? A rebate program to replace that old toilet. Yes, that’s right its the Cash for Crappers program. Read on my friends… Is your toilet a clunker? Well, if it was made before 1991 and uses more than 3ƒ gallons per flush, then you’ve got a clunker. And Tucson Water wants you to get rid of it. The utility is offering to pay half the cost of high-efficiency toilets for its customers to get rid of the water-wasting potties. The high-efficiency toilets use less than 1.3 gallons per flush. Mind you, these are not to be confused with low-flow toilets, which use about 1.6 gallons per flush.

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Mari Herreras

On Oct. 15, 2004, Mary Elizabeth Schipke entered the Oracle post office to buy a 47-cent stamped envelope. When she got frustrated with the clerk behind the counter, she told her: "God, I pray a bomb falls on your stupid, fucking head."

Almost a year later, Schipke was convicted of threatening a federal facility with weapons of mass destruction. Schipke describes what she told the clerk that day as an "imprecatory prayer"—basically, a simple curse—but that defense didn't keep her from serving a four-year prison sentence, with the last two years at Carswell, a women's federal medical prison outside of Fort Worth, Texas, that has been the subject of allegations about the questionable care of prisoners with physical and psychiatric conditions.

Although now free and on supervised release, Schipke, 51, continues to fight the federal government—this time, over a DNA sample forcibly removed from her in prison. After her release, priso

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David Weigel

A funny thing has started happening to Paul since his long-shot presidential campaign ended quietly in the summer of 2008. More Republicans have started listening to him. There are the media requests from Fox Business Channel and talk radio, where he’s given airtime to inveigh on sound money and macroeconomics. There is HR 1207 , the Federal Reserve Transparency Act of 2009, a bill that would launch an audit of the Federal Reserve System, and which has attracted 112 co-sponsors. When Paul introduced the Federal Reserve Board Abolition Act just two years ago, no other members of Congress signed on.

And then there are the luncheons. The off-the-record talks have brought in speakers such as ex-CIA counterterrorism expert Michael Scheuer, libertarian investigative reporter James Bovard, iconoclastic terrorism scholar Robert Pape, and George Washington University law professor Jonathan Turley. Perhaps the most influential guest has been Thomas Woods, a conservative

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ProPublica

Not content to put you in a new car, the government wants you to think about a new washing machine and fridge, too. BusinessWeek reports that the Department of Energy will use stimulus cash to offer rebates of up to $200 for the purchase of high-efficiency household appliances. (You don’t need to turn in your old one.) The department has up to $300 million to spend on the program, which only covers appliances with an Energy Star seal. According to BusinessWeek, the industry could use the help: Shipments of washers, dryers, refrigerators and ovens fell by 10 percent in 2008. Stock analysts warn that two stimulus programs are distorting market signals for cars and homes, creating artificial boosts in demand that aren’t sustainable, reports CNN Money. Only when the “cash for clunkers” program ends later today will the true state of the auto industry be apparent again, said one analyst. Similarly, the government’s program providing tax credits for home purchases obscures the fact that “

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The Business Insider

The United States needs to borrow nearly $10 trillion over the next decade, including about $1.6 trillion this year. Where's it going to come from? This is a critical question, because resistance on the part of creditors will drive up interest rates, clobbering the housing market and demolishing the value of whatever cash savings Americans have left. The other answer--our government lending the money to itself--will destroy the value of the dollar, and that wouldn't help too many people, either (except debtors--it would help debtors because they will be able to repay nominal debts with toilet-paper dollars. For now, the money we're borrowing is coming from somewhere, thankfully. But it's not coming from China, which has funded our spending for most of the past decade. As you can see in the chart above from the NYT, China's absolute purchases of Treasury debt continued to rise through last year, but the percentage of our borrowing that China is funding is s

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Judicial Watch

Barney Frank is no stranger to scandal. As you may recall, Judicial Watch uncovered documents proving that Frank was well aware of massive problems at Fannie Mae and Freddie Mac, even while he blocked attempts by Congress to rein them in. Frank, of course, has been the beneficiary of tens of thousands of dollars from the two mortgage giants over the last decade in campaign contributions, which might help explain why he allowed the Fannie and Freddie to run wild. (As you may recall, just weeks ago, Frank called on Fannie and Freddie to relax mortgage standards yet again, even though such risky lending practices facilitated the collapse of the economy.) Now there is a fresh influence peddling scandal brewing, this time involving the allocation of funds from TARP (Troubled Asset Relief Program).

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BlueLoriBlogSpot

According to this report from USA Today "Demand Rises For Publicly Funded Burials" that could be quite a Tab for the Living to pick up with obama's death care. Through the generations no one I know of (speaking family wise) would have thought to pass that burden (something that is oppressive or worrisome) onto their own children people made arrangements for their demise. Leaving the bill for government would mean your children, grandchildren would now have to pick up the Tab to bury complete strangers.

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