Category: Fiscal irresponsibility


Amid Economic Collapse, South Carolina Approves Another $1M for Police State

Anthony Freda Art

Brandon Turbeville
Activist Post

A little over a week ago, on May 7, 2013 and in the midst of a worldwide economic depression, Columbia, South Carolina City Council members met to discuss the funding of a million dollar project even as the State government continued its regularly scheduled hysteria over budgets, spending, and deficits.

So what was the project so vital to the people of Columbia to be pushed through by a 4-2 vote of the council during the midst of such trying economic times? Was it regarding the road systems? Was it the dismal state of Columbia schools? Was it tax relief for residents? Was it economic development? Water? Power? Sewage? Waste disposal?
Actually, it was the purchase and installation of 800 new surveillance cameras all across the city of Columbia that prompted the Council to spend $1.22 million, much of which is scheduled to come from an “emergency reserve fund” that is actually part of next year’s budget. As The State reports, “That previous $1 million fund will be reduced to $250,000. A capital projects fund that was to be $1.7 million next year will be down by $200,000.”
Once again, Columbia City Council members have come to the decision that maintaining and expanding the police state should always be paramount to any concerns facing elected officials at any time. In other words – Surveillance at all costs! Survival is secondary.
Even as the city’s meal taxes will be used to fund the camera installation to the tune of $100,000, budget cuts will also take place regarding the amount of money spent to house inmates in the Richland County Jail. This simply means that, if you are arrested (which will likely happen in the New United Police States of America) for one of the innumerable mundane and victimless activities that can result in temporary (or indefinite) imprisonment, the conditions in which you are held are likely to be even more abominable than they currently are.
Another $100,000 infusion of cash will come from “eliminating the city’s planned reserves in the event that fuel or utility bills jump.”
Who cares if the city can’t pay its utility bills? After all, it’s only ordinary citizens that would suffer as a result. Besides, you can always raise their taxes yet again to meet the payment requirements.
Oh, and police will be receiving raises in January. All other City workers, however, will be forced to continue to do their jobs as normal, receive the same amount of pay, and constantly be told how “government workers” make six figure salaries and do nothing as a justification for new cuts in the budget.
Another interesting aspect is that the Columbia City Council has decided to contract out to Statewide Security Systems (SSS), the company that already provides most of the cameras being used by the City. It is no surprise, then, that SSS received the City contract despite being the more expensive of the two options.
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He  fails to discuss the fact that the majority of the constituents  in those  Republican  governed  States agree  with their States  decision.  They  want  nothing to do  with  Obamacare…….But that  would  not  fall into the  sweet  little  package  being  used  by  both  sides of  the  aisle.  That  little topic   he  loves  to  use  at  every turn,  claiming  that  the other side  is  playing  politics.  How  convenient for  him.  The  truth is this is not   a fight  for the  good of  the  People  or  the  Nation.   But  rather  a fight  to  control  the  flow  of all those  taxpayer   and  corporate  lobbyist  dollars.  A  political  game  of Tug-of-War  if you  will.  

Partisan BS at  it’s finest!

He  also  fails to  address something  aside from  the fact that  while  those  who do not  have insurance may be  his  concern because  those who already have  insurance have  seen the  changes  and  the  added  cost that  have been  implemented  by the  healthcare  program.  There  has  been  no  adequate  discussion on the repercussions to   middle  class Americans  who are  having to make  due with smaller paychecks  and the ever rising  costs  associated  with the  financial  rot that  is  affecting  this  Nation.  Yes  those  who qualify  will be  able to receive free healthcare or State  sponsored  healthcare.  What  about  those  who make   just  enough  to  keep their  bills paid  and  food on the table?

What  about  those  barely  able  to  eek  out a living with what  little  they  make and  still be able to  put  gas in the  car  to keep  going  to that  underpaid job?

Who is  going to help them  when the  time  comes  to  get  this   insurance  exchange,  that  is  being  touted  as  the answer to all our  ills ( pun most  definitely intended),   is more than they  can  possibly  afford  and still feed their  children?

The fact is that those  who cannot  afford  insurance because  they   literally cannot afford  to , even , take  their  kids  to  a  burger  king for a  cheap meal just as a treat,  something once  taken  for  granted by  mainstream  families  everywhere in this  Nation. 

They  cannot  afford  a kid  meal’s worth  out  of  their established  budget and   yet  they  will be  expected  to pay  for insurance? 

Adding insult to injury they  will be  found   to not  qualify  for  the  financial  assistance necessary to  receive discounted  or  free  healthcare  because  they  make  more than is allowed  according to the  bean counters  that  established  the criteria, from their   cushy  offices in  Washington.  The  simple  truth is  they  will either  have  to  pay  for an  insurance  they  cannot  afford   or they  will have  to  pay  a  fine that they  still cannot  afford.  Either  way   the  middle  working  class pays out the  nose  , like it  or  not .  

After all  ,  with all the  homeless  American  families  now  eating in  soup  kitchens  and   sleeping in cars  or  in shelters,  what’s a few  more  right ? 

They  won’t lose  any  sleep  over it that  much  has  been made painfully  obvious.  As  they are  so  far  removed  from the  everyday   struggle that   Americans  have  to  simply  survive. The truth being that they  are unable to  fathom  what  it is  like going to bed  at  night hungry  because  the  only  food  in the  house  has  been  set  aside  to make  sure  the  children  have  something to  eat.

Either  way  we  don’t get  to  choose  because  this  legislation  has been  jammed   down   our throats  and  now they are  worried  about  their  2014  campaign?

Yes, well  we  already  know that the only  thing  politicians  care about  is  being  re-elected  so they  can  keep  filling  their  pockets  with their  ill gotten  gain  from  selling the  American  people  down the  river.  That  however,  does  not a proper  and  just program  make of the  Healthcare program  that  has  now  been made  law against the  will and to the  detriment of  the PEOPLE!!

~Desert Rose~

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Obama defends health law as Democrats fret over 2014 elections

By Sam Baker 05/10/13 03:29 PM ET

President Obama on Friday sought to quell Democratic worries and public misconceptions about his healthcare law, months before its biggest provisions are set to take effect.

Members of Obama’s own party have relentlessly criticized the administration for not doing enough to sell the public on ObamaCare, especially as new coverage options are about to come online. Some Democrats fear a rough rollout could cost them in the 2014 midterms.

“Undoubtedly, there will be some mistakes and hiccups” as major pieces of the law fall into place later this year, Obama said Friday.

But he said the law’s supporters “have an obligation to now make sure that full implementation moves forward the way it needs to.”Most of the law’s biggest provisions will take effect between Oct. 1 and Jan. 1, 2014.

“I’m here to tell you, I am 110 percent committed to getting it done right,” Obama said.

Public polling shows the healthcare law remains unpopular — just 35 percent of those polled in the most recent Kaiser Family Foundation tracking poll said they have a favorable opinion of the law, while 40 percent had an unfavorable view.

That’s a major concern for Democrats ahead of a midterm election that historically goes against the president’s party. Republicans are hoping to add to their advantage in the House, and to retake the Senate.

Obama, for his part, is hoping to buck history. If Republicans gain congressional seats next year, his years as a lame-duck president are likely to begin immediately. But by gaining seats — and especially by winning back the House — Obama could give himself a chance to add to his record in the last two years of his term.

A senior administration official downplayed the bad polling Friday, saying reactions to the health law break along partisan lines and that internal polls look slightly better for the White House.

Read Full Article Here

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Poll: Many Americans uninformed about health care overhaul, some don’t know it’s law

A Tea Party member reaches for a pamphlet titled “The Impact of Obamacare”, at a “Food for Free Minds Tea Party Rally” in Littleton, New Hampshire October 27, 2012. REUTERS/Jessica Rinaldi

President Barack Obama reflects on the status of the Affordable Care Act while speaking Tuesday at the White House.

As the Obama administration girds for “glitches and bumps” along the path to full implementation of the health-care law, a new poll indicates many Americans are still unclear about the details of the new law and, in some cases, unaware it’s actually law of the land.

A whopping 42 percent of Americans do not know that the Affordable Care Act is, in fact, law. Included in that 42 percent — 12 percent believe it has been repealed by Congress, 7 percent think the U.S. Supreme Court overturned it, and 23 percent are unsure of its status, according to a Kaiser Family Foundation health tracking poll.

For the record, no portion of the law has been repealed; and the Supreme Court upheld it last summer in a 5-4 decision. The law continues to be viewed more negatively than positively, with just 35 percent saying they have a favorable view and 40 percent saying they have an unfavorable one. But the prolonged implementation, complexity of the law, and messaging by opponents has aided in the confusion. The administration is starting to push back, beginning with the president.

“It’s still a big undertaking,” President Barack Obama acknowledged Tuesday in a press conference at the White House. “And what we’re doing is making sure that every single day we are constantly trying to hit our marks so that it will be in place. … Even if we do everything perfectly, there will still be glitches and bumps. … And that’s pretty much true of every government program that’s ever been set up.”

The poll comes as the administration Tuesday took one step to streamline the application process for health insurance for the uninsured, unveiling a shorter, three-page application form rather than the earlier, 21-page version that was criticized. Enrollment begins Oct. 1 for insurance that would take effect Jan. 1.

Nearly half of all Americans – 49 percent – say they still do not have enough information about the law and how it will impact their families. There are plenty of people happy to try and fill in the gaps.

Republicans, for example, have begun mounting a messaging campaign against the law’s implementation, hoping it can help them in the 2014 midterms and potentially hand over control of the Senate to the GOP, which needs to net six seats to accomplish that goal.

They have seized, in particular, on retiring Democratic Sen. Max Baucus’ comment at a hearing earlier this month that implementation of the law will not just see “glitches and bumps,” but said it will be a “train wreck.”

“I urge my friends on the other side to join with Republicans and stop this ‘train wreck’ before things get even worse,” Senate Minority Leader Mitch McConnell, up for re-election in 2014, said on the floor of the upper chamber.

Views of the law have gotten worse since the presidential election, sliding from 43 percent favorable to 35 percent. Democrats are mostly responsible for the drop, as pre-election partisanship begins to fade and details of implementation begin to come into focus.

But on Tuesday, President Obama –  in his most extensive defense of the implementation of the law so far –  said, “Despite all the hue and cry and ‘sky is falling’ predictions about this stuff, if you’ve already got health insurance, then that part of ‘Obamacare’ that affects you, it’s pretty much already in place.”

What remains, he added, is getting the 10 percent to 15 percent of Americans who do not have health insurance, and who will face a penalty next year if they choose not to purchase it, to enroll in state or federal exchanges. The federal government’s job is also made more difficult, the president said, because big states like Florida and Texas, both states with Republican governors, have opted against setting up exchanges.

Read Full Article Here

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Schumer: Health Insurance Rates Likely To Spike, Obamacare Partly Responsible

Sen. Chuck Schumer, a New York Democrat and longtime backer of President Obama’s Affordable Care Act, said that insurance rates are likely to spike – and “Obamacare” is partly to blame. (NICHOLAS KAMM/AFP/Getty Images)

Sen. Chuck Schumer, a New York Democrat and longtime backer of President Obama’s Affordable Care Act, said that insurance rates are likely to spike – and “Obamacare” is partly to blame. (NICHOLAS KAMM/AFP/Getty Images)

Rochester, N.Y. (CBS DC) – Sen. Chuck Schumer, a New York Democrat and longtime backer of President Obama’s Affordable Care Act, said that insurance rates are likely to spike – and “Obamacare” is partly to blame.

Speaking with WHEC Rochester, Schumer said, “Our insurance department is empowered to protect families and we’re going to watch them like a hawk to make sure they do, because if they don’t, these rates could go through the roof.”

“It’s in part because of Obamacare, but health care costs have been going up in double digits for years and years and years. The good news is in this bill, there’s a way to stop it.”

The comments from Schumer were in response to many insurance companies’ failure to announce premium increases for next year. Some healthcare experts are warning that premiums could go up by more than 10 percent on January 1 when Obamacare kicks in across the country.

Read Full Article Here

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GOP seeks $4B for ObamaCare program

By Sam Baker 04/17/13 07:52 PM ET

House Republicans are trying to pump $4 billion into an ObamaCare program.

The Energy and Commerce Committee passed a bill Wednesday to beef up funding for the healthcare law’s high-risk insurance pools, which have stopped accepting new patients due to a lack of funding.

The additional money for high-risk pools would come out of another part of the healthcare law — its fund for prevention and public health, which Republicans decry as a “slush fund.”

It’s the first time Republicans have tried to fix, rather than repeal, a program in the healthcare law, and the move has angered many on the right.
Some Republicans were clearly prepared for criticism.

“A minority of our conference feels that the only vote that should be taken against ObamaCare is a repeal vote — all or nothing, to kill it dead,” Rep. Phil Gingrey (R-Ga.) said. “I’ve always felt that … if we see areas we can chip away at, that are the most egregious parts of the bill, we really should do that.”

Republicans have a lot riding on the performance of the high-risk pools.

While the program is a relatively small piece of the Affordable Care Act, high-risk pools make up the cornerstone of Republican plans to “repeal and replace” the law.

House Republicans have said high-risk pools should replace one of the healthcare law’s most popular provisions — the requirement that insurance companies cover people with pre-existing conditions.

If the high-risk pools in the Affordable Care Act prove ineffective, Republicans could have a harder time making the argument that they could help make up a viable alternative to ObamaCare.

Rep. Henry Waxman (D-Calif.) said it’s “ironic” that Republicans are trying to spend more money on a government-run healthcare system, while the Democrats’ healthcare law covers the uninsured through the private market.

“People ought to be able to buy insurance,” Waxman said. “And people with pre-existing conditions are higher-risk and would be charged a higher price if we didn’t spread out the population to get as many people as possible covered.”

Under a high-risk pool, the government pays to insure sick people who have been denied coverage because of a pre-existing condition. The pools contain only the sickest and most expensive patients, and the government is left with the bill.

Under the Affordable Care Act, insurers lose the right to deny people coverage because of pre-existing conditions and the cost of covering sick people is spread across the entire healthcare system. The law established temporary high-risk pools as a bridge until the ban on coverage denials takes effect on Jan. 1, 2014.

Read Full Article Here

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StandUpFor FreedomLiberty StandUpFor FreedomLiberty

Published on May 7, 2013

Ben Swann – Reality Check
For months now, the Internet has been buzzing with rumors of massive ammo buys by the U.S. government.
Now, some members of Congress have taken notice and have begun holding hearings about just how much ammo is being bought and for what purpose.

Revealed: Three Benghazi survivors set to go before House committee to testify about 2012 attack identified as career State Department officials as their attorneys claim ‘Obama administration tried to silence them’

  • Gregory N. Hicks was deputy chief of mission at the U.S. Embassy in Libya
  • Mark I. Thompson is a former Marine and now the deputy coordinator for Operations in Counterterrorism Bureau
  • Eric Nordstrom is a diplomatic security officer who was the regional security officer in Libya
  • The House Oversight committee will hear their testimony on May 8, forcing the Obama administration’s hand
  • President Obama has professed ignorance of any effort to prevent whistle-blowers from telling Congress about the night terrorists attacked

 

By David Martosko and Daily Mail Reporter

 

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On Wednesday, the three State Department officials will appear on Capitol Hill before the House Oversight and Government Reform Committee to talk about the September 11, 2012, assault on the U.S. Embassy in Benghazi that resulted in the deaths of Ambassador Christopher Stevens and three other Americans.

Fox News revealed Saturday that the key witnesses are: Gregory N. Hicks, the deputy chief of mission at the U.S. Embassy in Libya at the time of the Benghazi terrorist attacks; Mark I. Thompson, a former Marine and now the deputy coordinator for Operations in the agency’s Counterterrorism Bureau; and Eric Nordstrom, a diplomatic security officer who was the regional security officer in Libya.

 

First hearing: Eric Nordstrom, a diplomatic security officer who was the regional security officer in Libya, testifies on Capitol Hill on October 10

First hearing: Eric Nordstrom, a diplomatic security officer who was the regional security officer in Libya, testifies on Capitol Hill on October 10

Hicks
Hicks

Wintess: Gregory N. Hicks, a veteran officer of the Foreign Service – was in Tripoli on the night of the attack when he received a distress call from Ambassador Stevens

 

 

For Nordstrom, the upcoming hearing would not be the first time that he was called to testify on the events of last September.

‘For me the Taliban is on the inside of the [State Department] building,’ the former mission deputy chief angrily said while speaking at a hearing chaired by California Republican Rep. Darrell Issa in October 2012.   

During his testimony at the time, Nordstrom detailed for lawmakers how he and the late ambassador had repeatedly asked to increase security at the embassy in the months leading up to the attack, but said that their pleas fell on deaf ears as the situation in the country continued deteriorating.

Timeline: The Obama administration apparently altered their talking points heavily in the hours immediately after the attack on the American consulate in Benghazi, Libya (pictured here on September 11, 2011)

Witness accounts: The three career diplomats who were in Libya during the 2012 attacks will appear before a congressional hearing to testify about the deadly events of last September

The two other State Department officials have never publicly spoken about the attacks.  

At the time of the deadly attacks, Hicks was the highest-ranking American diplomat serving in Libya.

Utah Rep. Jason Chaffetz, a Republican and members of the House committee, said that Hicks – a veteran officer of the Foreign Service – was in Tripoli on the night of the attack when he received a distress call from Ambassador Stevens.

‘We’re under attacks! We’re under attacks’ Stevens reportedly yelled into his cell phone.

According to the Utah congressman, Hicks reacted to the news by calling Washington to alert officials and set off an ‘inter-agency response.’

What remains: As the investigation into the attack continues, the consulate remains damaged

What remains: As the investigation into the attack continues, the consulate remains damaged

According to the State Department website, Thompson ‘advises senior leadership on operational counterterrorism matters, and ensures that the United States can rapidly respond to global terrorism crises.’

Victim: U.S. Ambassador Chris Stevens was killed during the attack

Victim: U.S. Ambassador Chris Stevens was killed during the attack

Hicks and Thompson are believed to be represented pro bono by Joe diGenova, a former US attorney, and his wife, Victoria Toensing, a former chief counsel of the Senate Intelligence Committee.

Of the three men, Nordstrom is the only one who does not consider himself a whistle-blower.

According to diGenova and Toensing, their clients’ accounts of the attacks in Benghazi were dismissed by then-Secretary Hillary Clinton’s Accountability Review Board, and the two civil servants have been subjected to an intimidation campaign by their superiors meant to stop them from telling the truth about the tragic events in Libya.

The revelation of the witnesses’ identities comes just days after the Obama administration denied that it was prohibiting any U.S. personnel who survived last year’s attack on the U.S. Consulate in Benghazi, Libya from testifying before Congress about what they experienced.

The House Oversight and Government Reform Committee announced on Wednesday that it will convene a hearing on May 8 aimed at ‘exposing failure’ in the Obama administration to respond to security threats to that diplomatic mission, and to present to the public and to Congress an accurate version of the attack that left Ambassador Stevens and three other Americans dead.

‘This Administration has offered the American people only a carefully selected and sanitized version of events from before, during, and after the Benghazi terrorist attacks, committee Chairman Issa, a Republican congressman from California, said in a statement. ‘Not surprisingly, this version of events casts senior officials in the most favorable light possible.’

Enlarge   Jay Carney insisted in a press briefing that no administration employees had sought security clearances so they could testify about he Benghazi raid, even after the House Oversight Committee asked for those very clearances

Jay Carney insisted in a press briefing that no administration employees had sought security clearances so they could testify about he Benghazi raid, even after the House Oversight Committee asked for those very clearances

Issa’s committee has already shed public light on the U.S. State Department’s denials of requests for more robust security at the consulate in Benghazi. And in an October 2012 hearing, it produced evidence contradicting the administration’s initial claim that the the Sept. 11, 2012 military-style assault on the diplomatic compound began as a ‘protest’ sparked by a low-budget YouTube video that lampooned the Muslim prophet Muhammad.

‘Next week’s hearing will expose new facts and details that the Obama Administration has tried to suppress,’ Issa said.

At least four surviving witnesses to the Benghazi attack have retained attorneys to help them navigate the process of testifying before Congress about what they saw. They are all employees of the CIA and the State Department, according to a Fox News report.

The U.S. Consulate in Benghazi, Libya was attacked and burned on Sept. 11, 2012 in a military-style attack that killed the U.S. ambassador and three other Americans

The U.S. Consulate in Benghazi, Libya was attacked and burned on Sept. 11, 2012 in a military-style attack that killed the U.S. ambassador and three other Americans

Stephen Lendman ~ America’s Addiction: Waging War On Humanity

Stephen Lendman April 28 2013

Via  Shift Frequency

Former White House chief of staff Rahm Emanuel called it being “cold-blooded about the self-interests of your nation.”
Obama’s the latest US warrior president. Imperial lawlessness defines his agenda. Out-of-control militarism rages. Humanity’s survival is threatened.
Syria is Obama’s war. Direct intervention looms. Claims about Syria using chemical weapons don’t wash. Syrian officials categorically deny them.
On April 27, the Syrian Arab News Agency (SANA) headlined “Information Minister: Western Sides Are Directly Responsible for Chemical Weapons Use in Khan al-Assal,” saying:
Omran al-Zoubi said chemical weapons likely came from Turkey. “The US-British and Western allegations in general on this issue do not have any credibility.”
A missile targeting Khan al-Assal came from a terrorist-controlled location. Syria requested an investigation. According to SANA:
“Al-Zoubi held the Western sides directly responsible for what happened in Khan al-Assal, saying they want now to hide behind this ‘fabricated and false’ talk to justify their silence on failing the investigation mission requested by Syria and to exonerate the terrorists.”
“The Minister added that the US is already involved in large-scale terrorist operations in the world, and is involved in Syria now because of its support for and silence on the terrorism committed by the terrorist groups.”
The road to Tehran runs through Damascus. Waging full-scale war on Syria looms. It appears prelude to targeting Iran. Spurious Iranian threats continue.
Connect the dots. Post-Boston bombings, expect Obama to take full advantage. Media scoundrels regurgitate official lies. Doing so facilitates America’s war agenda.
Independent nations aren’t tolerated. Washington demands pro-Western ones. Outliers are targeted for regime change. War is America’s option of choice if other methods fail. Syria may be prelude to Iran.
On April 25, the Jerusalem Post headlined ” ‘Red lines’ at the ‘Post’ conference,” saying:
“Red lines” dominate today’s headlines. Israel and Washington repeat them. In late February, former Israeli intelligence head Amos  Yadlin’s New York Times op-ed headlined “Israel’s Last Chance to Strike Iran,” saying:
“Today, Israel sees the prospect of a nuclear Iran that calls for our annihilation as an existential threat.”
Iran, of course, threatens no one. It hasn’t attacked another nation in over two centuries.
“An Israeli strike against Iran would be a last resort, if all else failed to persuade Iran to abandon its nuclear weapons program,” Yadlin added.
Now he’s warning that Israel’s on “a collision course (with Iran) by the end of the year.”
He’ll speak at the Jerusalem Post’s second annual conference. It’s theme is “Fighting for the Zionist Dream.” It’s scheduled for April 28 in New York.
Two panels will discuss Syrian and Iranian red lines. Yadlin will participate along with former and current key Israeli officials.
Yadlin heads Israel’s Institute for National Security Studies. He spoke at its recent Tel Aviv conference. He claims Iran may cross Netanyahu’s red line by summer.
If uranium enrichment continues “at its current rate, toward the end of the year (Tehran) will cross the red line in a clear manner,” he claimed.
Earlier he said, “Despite all of the attempts made to stop the nuclear program, no one is able to stop the Islamic Republic’s nuclear program.”
“By summer, Iran will be a month or two away from a decision about the bomb,” he added. He claims Tehran has enough low-enriched uranium for six bombs.
“They have no problem converting back what they allegedly turned to nuclear fuel. Within a week, it could be turned into nuclear material for a bomb,” he said.
He urged military action. America’s credibility is on the line, he stressed. “This credibility will be achieved if the US aims a precise strike to stop the Iranian nuclear program and shows that it can deal with the escalation that would follow this strike.”
He’s not alone. Jerusalem Post deputy managing editor Caroline Glick headlined “Time to confront Obama,” saying:
Iran “crossed the threshold. Iran will be a nuclear power unless its uranium enrichment installations and other nuclear sites are destroyed or crippled. Now.”
“Iran has threatened to use it nuclear arsenal to destroy Israel.”
“(E)ither Israel must launch an attack without delay, or if we can’t, then Netanyahu has to publicly state that the time for diplomacy is over. Either Iran is attacked or it gets the bomb.”
It bears repeating. Iran threatens no one. No evidence suggests an Iranian nuclear weapons program. Annually, US intelligence says so. Israeli, American, and other Western officials know what they won’t admit publicly.

Too-Big-to-Fail Takes Another Body Blow

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Sen. Sherrod Brown and Sen. David Vitter hold a news conference to announce the details of 'Too Big to Fail' legislation.
Sen. Sherrod Brown and Sen. David Vitter hold a news conference to announce the details of ‘Too Big to Fail’ legislation.
Chris Maddaloni/CQ Roll Call

 

Last week, on April 24th, Democratic Senator Sherrod Brown of Ohio and Louisiana Republican David Vitter introduced legislation called the “Terminating Bailouts for Taxpayer Fairness Act of 2013 Act,” or the “Brown-Vitter TBTF Act” for short. The bill is a gun aimed directly at the head of the Too-Big-To-Fail beast.

During the Dodd-Frank negotiations a few years ago, Brown teamed up with Delaware Democrat Ted Kaufman to introduce an amendment that would have physically capped the size of the biggest banks. The amendment was bold and righteous but was slaughtered on the floor by a 61-33 margin, undermined by leaders of both parties – 27 Democrats voted against it.

Brown-Vitter offers a different and, in a way, more elegant solution to the problem than Brown-Kaufman. Rather than impose size limits, it simply insists that banks with over $500 billion in assets maintain higher capital reserves than are currently required. Companies like J.P. Morgan Chase, Wells Fargo, Morgan Stanley, Goldman Sachs, Citigroup and Bank of America will have to keep capital reserves of about 15 percent, about twice the current amount.

The bill only has such tough requirements for just those few megabanks, which sounds unfair, except that the aim of the bill, precisely, is to level the playing field. Right now, the biggest U.S. banks enjoy a massive inherent market advantage in that they’re able to borrow money far more cheaply than other banks, because everybody on earth knows the government will never let them fail and will always bail them out in a pinch, making their debt essentially U.S.-government guaranteed. Studies have shown that these banks borrow money at about 0.8 percent more cheaply than other banks, and that this implicit government subsidy is worth about $83 billion a year just to the top 10 banks in America. This bill would essentially wipe out that hidden subsidy and make the banks bailout-proof.

As soon as Brown-Vitter was introduced, a very interesting thing happened. The Independent Community Bankers of America, or ICBA, issued a press release boosting the bill. “ICBA strongly supports this legislation,” the release read, “and urges all community banks to join the association in advocating passage of legislation to end too-big-to-fail.”

This was a big thing. It was the first time since the crisis that a prominent financial industry group opposed the will of the TBTF banks. I remember covering Dodd-Frank and being told by a number of members in the House and the Senate that the sentiment of many community bankers was for breaking up or at least curtailing the power of companies like Chase and Bank of America, but that the community banking lobby was not yet prepared to take that step.

But now, after the London Whale, the LIBOR scandal, the outrageous HSBC settlement and nearly five years of rapacious market-dominating behavior by these state-backed banks, the community banks have finally split off from TBTF.

This is another in a series of defections on this issue that in the past year has included many Republican politicians, numerous important financial regulators (even the New York Fed has taken a semi-stand against TBTF) and, hilariously, the creator of Too-Big-To-Fail himself, former Citigroup CEO and legendary lower-Manhattan raging asshole Sandy Weill. Weill was the man for whom the Glass-Steagall Act was repealed back in the nineties, so that his already-completed Citigroup merger could be legalized. But even he came out last year and said we have to break up the banks.

Naturally, there was going to be a response to Brown-Vitter from Wall Street. And we got it last week, shockingly not from one of the banks or a lobbying firm connected to the banks, but from the Standard and Poor’s ratings agency – supposedly a strict, humorlessly conservative auditor that should always abhor risk and look favorably upon greater safety and security. The very fact that such a company came out against a bill forcing banks to have safer balance sheets is in itself absolute proof of how completely fucked and corrupt our current system is.

The S&P report, entitled “Brown-Vitter Bill: Game-Changing Regulation For U.S. Banks”, is so incredibly hysterical in its tone that, reading it, one cannot help but deduce that people on Wall Street are genuinely afraid of this bill. The paper essentially hints that forcing banks to retain more capital could lead to world financial collapse, the onset of a new Ice Age, mammoths roaming Nebraska, etc. “The ratings implications of the Brown-Vitter bill, if enacted, for all U.S. banks would be neutral to negative,” the report read. In the second paragraph, it reads:

If congress enacts the bill as proposed, Standard and Poor’s Ratings Services would have concerns about the economic impact on banks’ creditworthiness stemming from the transition to substantially higher capital requirements.

Having a ratings agency bent to monopolistic bank influence give a bad rating to a piece of legislation designed to . . . curb monopolistic bank influence is a bad surrealistic joke, like a Rene Magritte take on lobbying – Ceci nest pas une Too-Big-To-Fail!

Remember, one of the primary causes of the financial crisis in the first place was the corruption of the independent ratings agencies. In the crisis years, companies like S&P and Moody’s and Fitch were so desperate to avoid losing business from the big investment banks (who paid the ratings firms to rate products like mortgage-backed securities) that these companies often gave embarrassingly overenthusiastic grades to a generation of toxic assets.

The Financial Crisis Inquiry Commission in its final report placed blame for the crisis squarely on the shoulders of these firms. “The three credit rating agencies were key enablers of the financial meltdown. The mortgage-related securities at the heart of the crisis could not have been marketed and sold without their seal of approval,” the FCIC report read. “This crisis could not have happened without the rating agencies.”

So intellectually compromised ratings agencies were guilty before, because they were too quick to help Too-Big-To-Fail banks sell bad products into the world marketplace.

Now, an intellectually-compromised ratings agency is helping sell the very Too-Big-To-Fail system in an attempt to beat back a reform bill – an agency that once stated explicitly that it does not take public positions on legislation.

Years ago, Standard and Poor’s was involved a similar situation. In the mid-2000s, the Senate was considering creating a regulatory body with receivership powers that could have oversight over Fannie Mae and Freddie Mac. S&P, seemingly doing the bidding of Fannie and Freddie (which wanted no part of any new regulatory oversight), warned that such legislation might lead to a downgrade of the so-called Government-Sponsored Entities, or GSEs. In other words, if you pass this bill, we’re going to take a financial axe to Fannie and Freddie.

When then-Senator John Sununu asked then-S&P president Kathleen Corbet if it didn’t seem to her like the ratings agency was meddling in the legislative process by issuing such a dire warning, Corbet testily replied in the negative.

“First of all, Senator,” she said. “Standard & Poor’s does not advocate positions on any legislation.”

With that in mind, here are some of passages from S&P’s new report, “Brown-Vitter Bill: Game-Changing Regulation For U.S. Banks”:

If the requirements force banks to deleverage, a credit crunch could ensue and the U.S. economy might be thrown off course . . . the U.S. banking industry could become less competitive in world financial markets . . . All in all, the bill’s goal of ending TBTF could lead to unintended consequences – a destabilized financial system.

So Standard and Poor’s does not advocate positions on any legislation, mind you. It just thinks the world as we know it will end if this particular bill passes.

In reality, of course, about the only things that would be “destabilized” if TBTF ended would be the compensation packages for a small group of overpaid banking executives like Jamie Dimon. Another consequence might be that ratings agencies would actually have to work for a living, and earn reputations for honesty and integrity in the market, instead of getting endless streams of free money from big banks to give sparkly AAA ratings to every half-baked security or derivative instrument their obese, Fed-fattened clients cranked out.

Read Full Article Here

Report Finds Afghan Military Shrinking Not Growing

May 02, 2013

  
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A U.S. government watchdog overseeing the Afghanistan reconstruction found the U.S. led effort to recruit, train and field the Afghan National Security Forces is about 20,000 troops below its stated goal of 352,000.

The U.S. led coalition force failed to meet the goal of 352,000 ANSF personnel by October 2012, although the Defense Department reported that it reached the goal of recruiting 352,000 ANSF personnel. These personnel are spread across the Afghan National Army, Afghan National Police, and the Afghan Air Force.

In fact, the ANSF end strength is shrinking, not growing. The Special Inspector General for Afghanistan Reconstruction found that the number of personnel shrunk by about 4,000 troops and policemen between March 2012 and February 2013.

Inspectors noted how the U.S. led coalition has continually moved the date in which it hopes to reach the stated end strength. Defense Department officials have recently told SIGAR officials the goal is now to train, equip and field the personnel in the Afghan National Army and Afghan National Police by December 2013, and the Afghan National Air Force by 2017.

Read Full Article Here

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Afghanistan Is Not Ready to Take Over

A special inspector general discloses that as U.S. forces head for the exit, the Pentagon has not met its goal for enlarging the Afghan force left behind.
More

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An Afghan National Army soldier practices drills at an outpost in Maiwand District, Kandahar Province, Afghanistan, on January 29, 2013. (Andrew Burton/Reuters)

Since the United States first sent troops to Afghanistan in 2001, a signature goal of the war has been to increase the size of Afghan national security forces and give their members the skills to vanquish domestic terrorist groups and other security threats on their own.

But as the Obama administration prepares to pull 34,000 U.S. troops out of the country by February and most of the remaining troops by the end of 2014, estimates of the size of the Afghan force trained to take over this lead security role have suddenly grown fuzzy and possibly unreliable.

The Afghan National Army “did not yet have the ability to plan and conduct sustained operations without U.S. and Coalition support.”

A new report this week by the government’s top watchdog over U.S. spending in Afghanistan casts doubt on whether the U.S.-led coalition and the Afghan government has met a goal set in 2011 of enlisting and training a total of 352,000 Afghan security personnel by October 2012. Pentagon officials have said that target was meant to strike a balance between what is needed and what America and its allies can deliver in concert with the Afghan government.

The White House declared two months ago, in conjunction with the President’s State of the Union address, that the goal had been attained. Afghan “forces are currently at a surge strength of 352,000, where they will remain for at least three more years, to allow continued progress toward a secure environment in Afghanistan,” it said.

But on Tuesday, Special Inspector for Afghanistan Reconstruction John F. Sopko challenged this rosy assessment, which White House officials said was based on data supplied by the Pentagon.

“The goal to ‘train and field’ 352,000 Afghan National Security Forces by last October was not met.” Sopko said in his latest quarterly report. Instead, as of Feb. 18, the number of personnel in the Afghan National Army, National Police and Air Force totaled 332,753, or about 20,000 fewer, according to data he said he collected from the Coalition-led transition command in Kabul.

Sopko said Afghan troop and police strength is actually declining, not rising – belying a longstanding goal of the U.S. intervention. There are now 4,700 fewer personnel than a year ago, he noted, drawing on the same data that the Pentagon routinely uses.

The discrepancy between the force size the White House has claimed and what the Afghans have actually been able to field is not a trivial one, Sopko’s report suggested. “Accurate and reliable accounting for ANSF personnel is necessary to ensure that U.S. funds that support the ANSF [Afghan National Security Forces] are used for legitimate and eligible costs,” it said.

As a result, the discrepancy has triggered a wider audit by his organization into “the extent to which DOD [the Department of Defense] reviews and validates the information collected” from Afghan officials, Sopko said in the report. It will broadly assess “the reliability and usefulness” of what the Afghans – and the U.S. government – say about the force’s size.

In a statement to the Center for Public Integrity, Sopko explained that “we are not implying that anyone is manipulating data. We are raising a concern that we don’t have the right numbers. We appreciate how difficult it is to get the correct numbers — but we need accurate numbers because we’re using those numbers to pay ANSF salaries, supply equipment and so forth.”

The financial stakes behind the numbers are huge. Sopko’s report says Congress has appropriated more than $51 billion so far “to build, equip, train and sustain the Afghan National Security Forces.”

But U.S. officials and watchdog groups have previously raised alarms about the existence of “ghost” personnel in the Afghan forces, whose salaries are still funded by Western aid but who quit the units to which they are assigned. The annual attrition rate for the Afghan army is nearly 30 percent, according to U.S. military commanders, provoking an enormous churn in the ranks that complicates accurate record-keeping.

Part of the problem, according to Sopko’s report, is that Western officials have allowed “the Afghan forces to report their own personnel strength numbers,” which are based on hand-written ledgers in “decentralized, unlinked and inconsistent systems.” The Combined Security Transition Command-Afghanistan, which oversees the training effort, reported last year “there was no viable method of validating personnel numbers,” the report added.

But U.S. officials have added to the confusion by adopting a new definition of what it means to be a member of the Afghan security force, loosening its terminology in a way that enlarges the ranks to include all those “recruited” rather than those actually trained and field-ready.

For example, the Defense Department’s so-called Section 1230 reports, which track the progress of the war, including efforts to build an effective Afghan security force, said in April 2012 that “the ANSF are ahead of schedule to achieve the October 2012 end-strength of 352,000, including subordinate goals of 195,000 soldiers and 157,000 police.”

Read Full Article Here

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Government auditor challenges White House account of Afghanistan security

A special inspector general discloses that as US forces head for the exit, the Pentagon has not met its goal for enlarging the Afghan force left behind

By Richard H.P. Sia

20 hours, 20 minutes ago Updated: 14 hours, 28 minutes ago

Afghan National Army recruits practice a house clearing during training exercise in Kabul, Afghanistan.

Dar Yasin/AP

Since the United States first sent troops to Afghanistan in 2001, a signature goal of the war has been to increase the size of Afghan national security forces and give their members the skills to vanquish domestic terrorist groups and other security threats on their own.

But as the Obama administration prepares to pull 34,000 U.S. troops out of the country by February and most of the remaining troops by the end of 2014, estimates of the size of the Afghan force trained to take over this lead security role have suddenly grown fuzzy and possibly unreliable.

A new report this week by the government’s top watchdog over U.S. spending in Afghanistan casts doubt on whether the U.S.-led coalition and the Afghan government has met a goal set in 2011 of enlisting and training a total of 352,000 Afghan security personnel by October 2012. Pentagon officials have said that target was meant to strike a balance between what is needed and what America and its allies can deliver in concert with the Afghan government.

The White House declared two months ago, in conjunction with the President’s State of the Union address, that the goal had been attained. Afghan “forces are currently at a surge strength of 352,000, where they will remain for at least three more years, to allow continued progress toward a secure environment in Afghanistan,” it said.

But on Tuesday, Special Inspector for Afghanistan Reconstruction John F. Sopko challenged this rosy assessment, which White House officials said was based on data supplied by the Pentagon.

“The goal to ‘train and field’ 352,000 Afghan National Security Forces by last October was not met.” Sopko said in his latest quarterly report. Instead, as of Feb. 18, the number of personnel in the Afghan National Army, National Police and Air Force totaled 332,753, or about 20,000 fewer, according to data he said he collected from the Coalition-led transition command in Kabul.

Sopko said Afghan troop and police strength is actually declining, not rising – belying a longstanding goal of the U.S. intervention. There are now 4,700 fewer personnel than a year ago, he noted, drawing on the same data that the Pentagon routinely uses.

The discrepancy between the force size the White House has claimed and what the Afghans have actually been able to field is not a trivial one, Sopko’s report suggested. ”Accurate and reliable accounting for ANSF personnel is necessary to ensure that U.S. funds that support the ANSF [Afghan National Security Forces] are used for legitimate and eligible costs,” it said.

As a result, the discrepancy has triggered a wider audit by his organization into “the extent to which DOD [the Department of Defense] reviews and validates the information collected” from Afghan officials, Sopko said in the report. It will broadly assess “the reliability and usefulness” of what the Afghans – and the U.S. government – say about the force’s size.

 

Read Full Article Here

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Foreclosure compensation checks arrive, but anger some homeowners

Families who endured years of anguish or lost their homes due to banks wrongly reporting they were behind on their mortgage payments are calling the compensation payments resulting from a government settlement, many of which number in the low hundreds, “insulting.” NBC’s Lisa Myers reports.

Millions of American homeowners who have struggled with foreclosures are now receiving checks for compensation from the companies that serviced their mortgages — part of the federal government’s efforts to resolve the foreclosure crisis. But some of those receiving checks tell NBC News that the payments are an insult that neither punishes the banks enough for “deficient” practices nor helps harmed homeowners recover.

Karen Pooley, 50, of Seattle, told NBC News that she fell behind on her mortgage after losing her job in the building industry in early 2009, and received a notice of default in February 2010.

Pooley said she’s been fighting to save her home from foreclosure for the past three years.   Believing that her servicer did not follow legal procedures, she said she has contested the foreclosure through her state’s foreclosure process, and managed to stop three foreclosure sales.  She said she also has tried to get authorities to investigate.

Last month, she received her settlement payment, a check for $300.

“It was more than pathetic. It was insulting,” Pooley told NBC News. “I spent more in money on postage providing government agencies with detailed descriptions of what had happened in my case.”

Timothy Platt, 52, a truck driver from Indianapolis, told NBC News he’s also been fighting to save his home from foreclosure the past three years.  He claims his servicer made a mistake, declaring he and his wife behind on their mortgage when they were not.  Platt is suing the servicer, but has found trying to prove his case frustrating.

“They (the banks) have misrepresented the facts,” he wrote to NBC News in an email last month, “they have insisted on pursuing foreclosure.” 

On Thursday morning, Platt emailed NBC News, saying his settlement check had just arrived. It was for $500.

“It’s kind of like a, like a slap in the face,” Platt told NBC News during a stopover in Chicago.  “We’ve been trying to work through this for three years now, and we have no help whatsoever, and we’ve lost lots.”

Both homeowners believe their mortgage servicers are in the wrong.  Each has gone to court to prevent the servicers from taking their homes.  Their respective servicers declined to comment to NBC News.

The compensation payment checks, which range from $300 up to $125,000, are part of the Independent Foreclosure Review Payment Agreement announced in January between federal regulators and 13 mortgage servicing companies, which were subject to enforcement actions for “deficient practices in mortgage loan servicing and foreclosure processing.”  Deficient practices have included errors and misrepresentations and the “robo-signing” of documents.

The regulators are the U.S. Treasury’s Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System.

The recipients of the checks are mortgage loan borrowers whose homes were in any stage of a foreclosure process during 2009 or 2010, and whose mortgage servicers were among the 13 companies, or their subsidiaries or affiliates.  Compensation payment checks, which began going out April 12, have so far been sent to 3.7 million homeowners. In all, 4.2 million eligible mortgage loan borrowers will receive them.

The 13 servicers are: Aurora, Bank of America, Citibank, Goldman Sachs, HSBC, JPMorgan Chase, MetLife Bank, Morgan Stanley, PNC, Sovereign, SunTrust, U.S. Bank, and Wells Fargo.

According to the OCC’s online FAQ about the agreement, the servicers agreed “to provide more than $9.3 billion in cash payments and other assistance to help borrowers. The sum includes $3.6 billion in direct cash payments to eligible borrowers and $5.7 billion in other foreclosure prevention assistance, such as loan modifications and forgiveness of deficiency judgments.”

By comparison, the five largest banks alone – Wells Fargo, Citigroup, Goldman Sachs, JPMorganChase, Bank of America – earned $60 billion in total profits last year.

Payout guided by ‘the matrix’
What determines how much homeowners receive?

The largest payouts – $125,000 – are going to 1,082 members of the military wrongly foreclosed upon, and to just 53 homeowners across the country foreclosed upon even though they never missed a mortgage payment.  But most of the recipients – almost 2 million homeowners – will get the smallest payments of $300 to $600.

How much each homeowner gets depends on a complicated financial matrix designed by the regulators.

“In determining the payment amounts,” reads a recent OCC press release, “borrowers were categorized according to the stage of their foreclosure process and the type of possible servicer error.  Regulators then determined amounts for each category, using the financial remediation matrix published in June 2012 as a guide, incorporating input from various consumer groups.”)

Read Full Article and Watch Video Here

May 01, 2013 5:57 PM
Corn plants dry in a drought-stricken farm field near Fritchton, Ind., last summer.

Corn plants dry in a drought-stricken farm field near Fritchton, Ind., last summer.

Scott Olson/Getty Images

Say the words “crop insurance” and most people start to yawn. For years, few nonfarmers knew much about these government-subsidized insurance policies, and even fewer found any fault with them. After all, who could criticize a safety net for farmers that saves them from getting wiped out by floods or drought?

But consider this: According to a , crop insurance allowed corn and soybean farmers not only to survive last year’s epic drought, but it also allowed them to make bigger profits than they would have in a normal year. A big chunk of those profits were provided through taxpayer subsidies. In fact, crop insurance has grown into the largest subsidy that the government provides to America’s farmers.

Economist from Iowa State University carried out the new analysis. It was commissioned by the , a long-time critic of agricultural subsidies.

“We really saw, in 2012, how the crop insurance program performs,” he says. “It kind of reveals itself.”

What’s revealed, first of all, is the fact that the vast majority of farmers are signing up for a version of insurance that Babcock calls the “Cadillac.” This kind of policy covers two different kinds of losses: lower harvests or lower prices.

Here’s why it’s Cadillac insurance and why it ends up costing taxpayers billions of dollars. Last year, farmers got a poor harvest. At the same time, because corn and soybeans were in short supply, prices soared, which benefited farmers greatly. The insurance, however, paid farmers for the lost yield — but paid them at the higher, post-drought market price. Essentially, farmers reaped the drought’s benefits, yet were protected from its harm.

“Those farmers made more money than they anticipated making when they planted the crop. That’s clear,” says Babcock.

 

Read Full Article Here

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I  have gone  through the Oil Sands Fact   Check site and  honestly  all I  can  find is boasting as  to  the boon in the  US  economy, jobs and the fact that  activists  are  using the  pipeline and  tar sands oil as a   scapegoat. Not once  in all the  supposed  facts they  have there do they  address the  real concerns, simply   twisting  the  facts to their advantage.  Painting themselves  as  responsible entities.  Never  once addressing that this substance  is way  more dangerous  than oil to  the  environment and  the  water, especially.  The tap dance over  the  fact by  stating that   tar  sands  oil has  been  transported into the US for decades. 

What they  fail to miss is  this:  Instead  of  reporting  the  factual analysis of the  toxic substances that this tar sand emits they  skirt  over the  fact  claiming their emissions testing results.  Now  please correct  me if I  am  wrong , but the  major concern  of environmentalists  and activist is  not the emissions once it is  in the  car.  In  fact the  concern is of the  damage  the  unrefined substance will do  to the  environment  and the  water shed if a spill were to take  place.  As we can  see in  Arkansas the substance is so toxic that   the  residents  are  already  suffering  from it’s effects .

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They  call themselves  responsible entities, so  then my   question is this :  

what  is  Exxon doing  to  make this right? 

Exxon  has  stated  that the   water   quality was  within  safe  limits. 

So what  exactly  does that  mean ? 

Are  we to  accept  the  status  quo with  regards to safety limits just  as  we  are  to  accept that  GMO’s are  good for us  even  though there   are more and more opponents  coming out  stating  that   it is  in fact  detrimental to human  health?

What about  the air quality?  Or does  that not  matter? 

Children are   getting  sick.  People are  becoming  ill due to the  toxic  conditions.

Are we to believe  this is acceptable ?

Or will this also be  kept from the  people and the sick treated like insignificant data as  the  people of the  gulf  were?

Good health  once it has been compromised cannot be replaced. 

Will your  tar sands oil paycheck take care  of it?

There  is no amount of compensation that will replace good health.  Nor erase catastrophic  illness.

Or does it  not  matter  because  it isn’t your family?

I am sorry to break it to you  , but  unless  you  have a crystal ball that tells  you otherwise .  It could  very well be  you  and  your  family that suffers  next!  Do not  delude  yourself  by  detaching from the reality  of things entertaining the belief that  it  won’t happen to you .  I am sure the  people  of Mayflower , Arkansas never  imagined they would now  be mired  in this  poison.  Their children getting sick and  their  homes surrounded, helpless waiting  for some  heartless  oil company to decide  whether the clean up is worth the expense.  Not the  lives  of the people affected by their poison, but their bottomline.

Don’t kid yourself!

With  the   lack of responsibility  and  lack of corrective  action  taken  by   oil companies in  Africa.  With  leaking pipelines and  toxic sludge where lakes had once been.  Dead  soil where crops were once  grown. 

How can  anyone  in their  right  mind take the  word of these companies as to their integrity and responsibility? 

We  have  seen  what  BP did  in the  Gulf Of Mexico.

Do you  truly  consider what  was done in the  gulf an adequate job  of cleaning up the mess  made by their incompetence  and lust  for profits? 

The sea life  dying  as  a result and scientists complaining  that they  have  been  legally gagged  from making their findings available to the  public. 

Restrained by  whom? 

The oil companies?

No restrained by the  government   that  is supposed to  be looking  out  for our   benefit.  Instead  they are  protecting the Oil Companies interests. 

Is this the kind of safety  measure   you  want?  

The  reins handed over to a company  who’s  haste  for fattening up their bottom line poisons our earth , our  air and our water so  that they  can  police themselves? 

How many  journalists  were   kept away  from  the  Gulf  to keep them from reporting  what they   saw  there?

How many  reporters  were  kept from Mayflower, Arkansas for the  same reason?   

Everyone is crowing about  the jobs the  tar  sands oil will bring to the  US.

  Are  you truly  understanding  what  you are   asking  for? 

Do you  even understand that   Mayflower  Arkansas could be anywhere   in the heartland? 

Do  you  realize  what   would happen if  that   pipeline leaked into the  water  shed.?

It  would not  be someone else’s problem , it  would be  everyone’s problem . You are looking for  jobs, yes  we  understand.  We  all live  here in the   States and we are all going  through  the  same hard  times.  We  all need to  work and  we all  need  to  pay  our  bills. 

Where  do  we   draw the line  at  what  is admissible and what  is  over the  not? 

There  is only  one   Earth and when  she is   completely  trashed   where  will you  go ? 

Will your  job with  tars sands oil help you  bring  her  back ? 

Will you  be  able to remove  the  horrible toxins  deposited by   your  tars  sands  oil from the  earth,the rivers, the  water?

Are  you  not paying attention to what  is  happening around  you?

I want  you  to  understand one very  important thing.  The responsibility   for the  destruction of  our environment  is not just  on the  oil companies.  It is  on  everyone of  you   who  don’t  give it  a second thought.  On  everyone of you that  takes  clean  air ,and water  for  granted.  On everyone of you that  places  a  job  over  the  well  being  of  your  children and your fellow  American’s children.  This is not a  game this is a very   hazardous  situation  that  has   grave   consequences and until all of  you realize  that , we  are  lost.

Money  has become the  denominating factor in our lives. 

What  happened to principal , responsibility and honor.

What  happened to doing  what is  right ?

  Where is  the  concern for our   children’s well being?

   I  see  my  fellow citizens on a collision course with destruction,  hell bent on  ignoring  the  warning   signs.  Their eyes on the prize of money and material things. 

One wonders how much that  money  and those materials possessions  will help when  you  can  no longer   give  your   child a cup of clean , safe  water to  drink?

 

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Excerpts  taken  from  Oils Sands  Fact Check

Top 5 Things You Should Know About Transporting Oil Sands Crude

On March 29, an oil pipeline running through Mayflower, Arkansas experienced a leak that resulted in the evacuation of 22 homes and immediate clean up efforts from the pipeline’s operator, ExxonMobil. According to reports, the Pegasus line was carrying Wabasca Heavy crude oil – a blend of crude produced in the Athabasca oil sands region in Alberta.

Of course, in the minds of oil sands opponents, all pipelines are made alike and are uniformly threatened by oil sands crudes. In fact, following the news of the incident, Rep. Ed Markey (D-Mass.) stated:

“This latest pipeline incident is a troubling reminder that oil companies still have not proven that they can safely transport Canadian tar sands oil across the United States without creating risks to our citizens and our environment.”

We have the top five reasons why that’s not the case.

1)     Oil sands crudes have been transported safely in the U.S. for more than 40 years. Accident reports from the Pipeline & Hazardous Material Safety Administration (PHMSA) from 2002 through mid-2012 show zero internal corrosion-related releases from pipelines carrying diluted bitumen.

 2)     Oil sands crudes are not more corrosive than other crude oils. In a 2011 report, Canadian research group Alberta Innovates found that acid and sulfur compounds found in oil sands crudes “are too stable to be corrosive and some may even decrease corrosion.” Recent testing and studies by ASTM International and Penspen support this conclusion.

 3)     Oil sands crudes are transported at comparable pipeline pressures as other heavy crude oils. All U.S. pipelines must operate under Maximum Operating Pressure limitations administered by PHMSA. In other words, pipelines are constructed to specifications that ensure they can handle the intended operating pressure and the type of liquid that flows through them.

 4)     Oil sands crudes are not heated for transportation in pipelines above the temperature of other crude oils. The range of temperatures for all crude oils from Canada is 40-135 degrees Fahrenheit. The American Society of Mechanical Engineers (ASME) Code for Pipeline Transportation Systems for Liquid Hydrocarbons and Other Liquids does not consider pipeline temperatures to be elevated unless they exceed 150 degrees Fahrenheit.

5)     Keystone XL would “have a degree of safety over any other.” As mentioned in point #3, pipelines must meet certain specifications before transporting any type of crude, no matter if it’s heavy or light. Keystone XL, which will also carry heavy oil from Alberta, is going above and beyond those requirements by adopting 57 extra safety measures, leading the State Department to declare that the project would “have a degree of safety over any other.”

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I challenge  you to watch this  video and  tell me  a  paycheck is worth all this destruction and misery! 

           …………………………….The True Cost Of Oil…………………………………

             If  you  have a  conscience you  would have  to admit  it  is not  worth it.                    Unless this is how you  want  to see  America  when they are done

                                                                             with   her

 photo Nowenteringamericavulturesign_zps13093b1f.jpg
~Desert Rose~

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Citizen group sees ‘toxic’ oil soup in Arkansas

UPI
Published: April 30, 2013 at 7:34 AM

LITTLE ROCK, Ark., April 30 (UPI) — There’s been a “toxic soup” hanging over residents in Mayflower, Ark., as a result of an Exxon Mobil oil pipeline accident, a citizen’s group said.

Exxon said about 5,000 barrels of oil was released last month from a 22-foot rupture on its Pegasus pipeline in Mayflower. The pipeline, built in the 1940s, was carrying a diluted form of Canadian crude oil, dubbed oil sands, at the time of the spill.

Air samples taken March 30, the day after the incident, indicated high levels of compounds considered harmful to human health. The samples were conducted by a student activist trained by the Faulkner County (Ark.) Citizens Advisory Group and Global Community Monitor.

“Total toxic hydrocarbons were detected at more than 88,000 parts per billion in the ambient air and present a complex airborne mixture or soup of toxic chemicals that residents may have been exposed to from the Mayflower tar sands bitumen spill,” Neil Carman, a representative from the Texas chapter of the Sierra Club, said in a statement.

Exxon admitted to finding levels of benzene and other harmful chemicals in early samples taken at Mayflower. It said air and water quality was within safe limits in the weeks following the spill, however.

The report, published by the activist groups, said residents are showing signs of exposure to chemicals ranging from benzene, a carcinogen, to toluene, a central nervous system depressant, more than four weeks after the spill.

There was no response from Exxon on the report.

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Study Reveals 30 Toxic Chemicals at High Levels at Exxon Arkansas Tar Sands Pipeline Spill Site

An independent study co-published by the Faulkner County Citizens Advisory Group and Global Community Monitor reveals that, in the aftermath of ExxonMobil’s Pegasus tar sands pipeline spill of over 500,000 gallons of diluted bitumen (dilbit) into Mayflower, AR, air quality in the area surrounding the spill has been affected by high levels of cancer-causing chemicals.

Roughly four weeks after the spill took place, many basic details are still unknown to the public, according to recent reporting by InsideClimate News. Questions include what exactly caused the spill, how big was the spill exactly, and how long did it take for emergency responders to react to the spill, to name a few.

But one thing is certain according to the new study: For the residents of Mayflower, quality of life has been changed forever.

The chemicals found in the samples include benzene, toluene, ethylbenzene, n-hexane, and xylenes. Breathing in both ethylbenzene and benzene can cause cancer and reproductive effects, while breathing in n-hexane can damage the nervous system and usher in numbness in the extremities, muscular weakness, blurred vision, headaches, and fatigue.

All of these chemicals are hazardous air pollutants (HAPs), “regulated under the 1990 Federal Clean Air Act amendments as the most toxic of all known airborne chemicals,” as explained in the press release summarzing the study.

 

Read Full Article Here

 

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