Two weeks ago, Illinois Comptroller Leslie Geissler Munger announced that the state would skip a $560 million pension payment in November thanks to the budget battle in Springfield. The news marked the latest embarrassment in a string of setbacks tied to an increasingly serious financial crisis that was thrust into the national spotlight in May when the State Supreme Court’s decision to strike down a pension reform bid prompted Moody’s to downgrade Chicago to junk.
As we documented back in August, the state is in fact so broke that it’s begun paying lottery winners in IOUs.
Read more at ZeroHedge.com
Following the early October defenestration of John Boehner as speaker of the U.S. House of Representatives, Washington Post correspondent Karen Tumulty made waves when she said Republicans were “on the verge of ceasing to function as a national political party.”
But in this case, the wish was likely the father of the thought. “Dysfunction” was hardly the scene in the House last week as Wisconsin Rep. Paul Ryan took hold of the speaker’s gavel — an act unthinkable even to Ryan just a few weeks prior. The young, attractive Ryan always has been seen as the future of the Republican Party, able to bridge the gap between the GOP’s more ardent wing and those more interested in governing. (In the end, only seven of the Tea Party’s “Freedom Caucus” members voted against Ryan, proving the group’s opposition to Ryan was overblown.)
In fact, Ryan’s ascendance to the speakership itself served as a reminder that the Republican Party is alive and well. In fact, in the House, it is the Democrats who have ceased to function, as Republicans still hold 247 seats — their largest majority since 1927.
Read more by Christian Schneider at JSonline.com
According to the FBI annual crime statistics, the number of murders committed annually with hammers and clubs far outnumbers the number of murders committed with a rifle.
This is an interesting fact, particularly amid the Democrats’ feverish push to ban many different rifles, ostensibly to keep us safe of course.
However, it appears the zeal of Sens. like Sen. Dianne Feinstein (D-CA) and Joe Manchin (D-WV) is misdirected. For in looking at the FBI numbers from 2005 to 2011, the number of murders by hammers and clubs consistently exceeds the number of murders committed with a rifle.
Read more by AWR Hawkins at Breitbart.com
Its important to know the difference between democracy and a republic, anarchy and an oligarchy.
How is it that the largest concentration of Orthodox Jews in the U.S is to be found in a belt along the East Coast stretching from Boston to Baltimore, and yet these states are so unreservedly under Democrat control?
As we are now past Labor Day and have embarked on what is traditionally the start of the season when more people actually begin to pay serious attention to politics, it is perhaps time to remark on a quiet revolution which has been in process over the last 30 years or so, among what has long been a key Democrat constituency. I am speaking of the Jewish vote.
Read more by Avner Zarmi at PJmedia.com
Since the financial collapse of 2008, the nation’s largest banks have seen their profits boom, as their share of the market has grown. Reuters reports:
Profits have soared since the global financial crisis at the five biggest U.S. banks with market-making dealing operations, New York Federal Reserve economists said in an article released on Wednesday.
From 2009 to 2014, the combined net income of J.P. Morgan, Citigroup, Bank of America, Goldman Sachs and Morgan Stanley annually averaged $41.73 billion, up from annual average of $25.08 billion from 2002 to 2008, they said.
Meanwhile, community banks are suffering. Why? Because the Democrats’ Dodd-Frank law is killing them, even as it boosts their biggest competitors. ValueWalk headlines: “Dodd-Frank Hurting Community Banks: Harvard Study.”
Read more by John Hinderaker at PowerlineBlog.com