Republican Rep. Calls For Default On The Debt: ‘It Could Benefit Us To Go Through A Period Of Crisis’


Rep. Devin Nunes (R-CA)

Several Congressional Republicans, including Sen. Pat Toomey (R-PA), have posited that failing to raise the debt ceiling — and thus forcing the U.S. to default on some of its obligations — would not be bad for the economy. “I don’t think it’s going to have an adverse impact on the economy for the days or weeks or perhaps even months that this would continue,” Toomey said.

These “default deniers” don’t believe that failing to raise the debt ceiling would have the negative consequences that most economic analysts say it will. Radio shock-jock Rush Limbaugh even said yesterday that failing to raise the debt ceiling will improve the nation’s creditworthiness.

Rep. Devin Nunes (R-CA), though, believes that default would cause a “crisis.” But, as he told Politico, he actively wants it to happen anyway:

Nunes says the debt cap must be raised at some point but not necessarily before the point of default.

“By defaulting on the debt, in the short and long term, it could benefit us to go through a period of crisis that forces politicians to make decisions” on major policies that affect the budget, he told POLITICO.

Sandra Scott

Esq.Vice President of Legal Affairs
Home Box Office Inc., New York City

Moving up HBO’s ranks since 1995, Sandra Scott joined HBO as associate counsel for original programming and is currently the vice president of Legal Affairs for the cable channel’s marketing group, a position she assumed about two years ago.

Scott leads a team of 20 legal professionals whose responsibilities include working on strategic initiatives for the company, including the mobile business with Cingular (now AT&T) and the launch of HBO Broadband. She also manages the commercial law application for all of HBO’s marketing efforts.

Scott grew up in the most poverty-stricken section of Scranton, Pa., where she entertained the limited dream of becoming an administrative assistant. It wasn’t until she moved to Philadelphia in her early 20s that she saw that life offered endless possibilities. She enrolled in night school, but soon bartered babysitting services with friends and worked at night as a word processor in order to attend school full time during the day.

She graduated with honors from Rutgers University with a bachelor’s degree in political science and as a member of the California Law Review of the University of California’s Boalt Hall School of Law.  More

USATODAY.com – African-American women step up in business world

African-American women step up in business world

By Jim Hopkins, USA TODAYSAN FRANCISCO — Camille Young worked at big businesses for years until she discovered an idea for her own company during a South Pacific vacation.Back in New Jersey, she started looking for the food she ate in Fiji, frequenting fresh-juice bars in Manhattan because she couldnt find any near home. “Someone really needs to open a juice bar here,” Young recalls thinking.

She quit her bank job last year to open the first of two juice bars in her BaGua Juice chain in Jersey City. She hopes the company will grow to as many as 50 locations.

Young, 34, is one of thousands of African-American women starting businesses, research shows, in a trend thats tipping the balance of economic power in the black community.

As women take entrepreneurships lead, marketers from banks to tech companies are tapping black women as a new source of revenue. “Its a huge opportunity,” says Angela Burt-Murray, editor in chief of Essence, a leading lifestyle magazine for black women.

via USATODAY.com – African-American women step up in business world.

Six things revealed about John Ensign – Friday, May 13, 2011 | 2 a.m. – Las Vegas Sun

Friday, May 13, 2011 | 2 a.m.

Ethics report

Sun reporter Karoun Demirjian talks to KSNV about the Senate Ethics Committee report on former Sen. John Ensign, May 12, 2011.

Click to enlarge photo

Senate Ethics Committee Chair Sen. Barbara Boxer, D-Calif., is pursued by reporters on Capitol Hill in Washington, Thursday, May 12, 2011, after speaking on the Senate floor about former Nevada Sen. John Ensign.

 — From the time Sen. John Ensign went public with his extramarital affair in 2009 and his resignation from the Senate on May 3, Nevadans learned much about the once-rising star’s stunning fall.

But Senate Ethics Committee investigators, who deposed 72 witnesses and pored over half a million pages of documents as they probed potentially criminal acts to cover up Ensign’s dalliance, unearthed details previously unknown.

The report, released Thursday, reads like a juicy drugstore paperback. It chronicles the slow implosion of Ensign and his inner circle through lusts indulged, friendships betrayed and cover-up conspiracies wrought as he carried on an affair with campaign staffer Cynthia Hampton, and then tried to shuttle her and her husband, Doug Hampton, the highest-ranking staffer in his Senate office and Ensign’s best friend, into jobs that would get them out the door.

Here are six new revelations about the affair and alleged cover-up contained in the 75-page report:

Why the families were living together

The Ensigns and the Hamptons were close: Cynthia Hampton and Darlene Ensign were high school friends and the couples regularly vacationed together. But why were they living together?

Shortly after Ensign pulled Hampton in to take over the administrative half of the chief-of-staff duties — the legislative and political work was left to John Lopez, the star witness of the Ethics Committee’s report — the Hamptons’ house was burgled. Burglars broke through the front door and stole jewelry, electronics — and Cynthia’s peace of mind.

*******

I am of the opinion that Sen. Ensign simply had to much of a ‘good thing’!  This is what happens when you truly take for granted that you can do anything that you want to do and not have to pay a price!

ENERGY — Big Oil Subsidies

Big Oil Subsidies

Top executives from the Big 5 oil companies — ExxonMobil, BP, Shell, Chevron, and ConocoPhillips — flew into Washington, D.C. on their corporate jets to defend their industry at a U.S. Senate hearing yesterday.  The Associated Press reports that “Motorists are paying nearly $4 for a gallon of gasoline as the oil industry reaps pretax profits that could hit $200 billion this year.

” The oil industry is not only benefiting from spiking gas prices, but also from over $4 billion in taxpayer subsidies they receive every year. With those subsidies and loopholes, Exxon’s federal tax rate for the last three years was 17.6 percent, lower than what the average American pays. “Voters’ anger over high gas prices is directed squarely at the oil companies and the politicians who defend them,” according to a recent national survey by Greenberg Quinlan Rosner Research for the Center for American Progress Action Fund, the League of Conservation Voters and the Sierra Club. “Voters are furious with oil companies, according to our polling, and overwhelmingly support ending their subsidies.

” Senate Majority Leader Harry Reid (D-NV) “wants to bring a bill to the floor next week” Wednesday to repeal tax breaks for the major oil companies, “to help ease the deficit by about $21 billion over 10 years.”

via ThinkProgress.org

via ENERGY — Big Oil Subsidies.

ThinkProgress » Ron Paul: ‘Why Not?’ Abolish FEMA, Government Should Not ‘Take Care Of Us When We Do Dumb Things’

Ron Paul: ‘Why Not?’ Abolish FEMA, Government Should Not ‘Take Care Of Us When We Do Dumb Things’

This morning, Libertarian hero Rep. Ron Paul (R-TX) announced that he will join the motley GOP presidential field, marking his third run for the office. Offering further insight into his presidential sensibility, Paul told CNN host Wolf Blitzer today that he would do away with the Federal Emergency Management Agency (FEMA), even at a time of unprecedented need.

Viewing the agency as unconstitutional, Paul questioned why federal funds should pay to protect citizens from natural disasters and concluded, “It’s a moral hazard to say that government is always going to take care of us when we do dumb things“. More

via ThinkProgress » Ron Paul: ‘Why Not?’ Abolish FEMA, Government Should Not ‘Take Care Of Us When We Do Dumb Things’.

Louisiana v. Roe | Mother Jones

Louisiana v. Roe

Tue Apr. 26, 2011 12:01 AM PDT

Anti-abortion lawmakers in state legislatures around the country have already drawn national attention—and outrage—for pushing bills that would drastically limit access to abortions. But in Louisiana, one “unapologetically pro-life” lawmaker wants to go even further. State Rep. John LaBruzzo, a Republican from Metairie, has introduced a bill that would ban all abortions in his state—with no exceptions for rape, incest, or the life of the mother—and charge women who seek abortions and the doctors who perform those abortions with “feticide.”

Louisiana state law calls for jail sentences of up 15 years, with hard labor, for the unlawful killing an unborn child. LaBruzzo told the New Orleans Times-Picayune that the inclusion of the line subjecting women to “feticide” prosecution for seeking abortions was a “mis-draft,” and including it “would make [the bill] too difficult to pass.” He promised the provision will be removed from the bill before it goes to a committee vote. But while LaBruzzo doesn’t expect to punish women who seek abortions, he would still like to see doctors working on the chain gang for providing a constitutionally protected medical procedure.

The Constitution, of course, is exactly what LaBruzzo is targeting. He admits his proposal is intended as a direct challenge to Roe v. Wade, the landmark 1973 case in which the Supreme Court ruled that the constitutional right to privacy included the right to abortions in some circumstances. LaBruzzo says he’d like his bill to become law and “immediately go to court,” and he told a local paper that an unnamed conservative religious group asked him to propose the law for exactly that purpose. When contacted by Mother Jones, LaBruzzo’s secretary said he would “prefer not to do an interview” on the bill but would possibly answer written questions. As of press time, he had not responded to our inquiries.  More

*******

If I didn’t know any better, I would have to think that we are reading of something that occurred in the days previous to the abolishment of slavery.  The Republican Party has swerved to the right with such a vengeance that there is little chance of a correction prior to a collision between the races akin to the meeting of two celestial bodies.

The audacity to introduce a legislative proposal this controversial comes from the silence that prevails with the ‘silent majority’ of American citizens.  At this rate, self-destruction is predictable to occur on December 21, 2012!