Alarm bells have been ringing loudly in the heads of municipal bond investors…If you’re the chief of municipal bond investing for a big bank, whether on Wall Street or in San Francisco, Los Angeles or Chicago, this gets your attention. You might hesitate to lend hundreds of millions of dollars to other cities and counties if you fear they might go the Stockton route. Even if you proceed, you might insist on higher interest rates to compensate for what now appears to be added risk. That can translate to higher local taxes.
Current California pension reform proposals are only a start.
Sacramento proposes to spend $447 million on an arena for a losing, mismanaged basketball team. “It’s 60 to 75 percent public subsidies.”
Problem: California’s politicians spend money like drunken sailors with a stolen credit card. Solution: Eliminate Proposition 13 so they can spend even more.
Indeed, that was just one of the many pro-economic suicide measures passed at the California Democratic convention.
I’ve seen people say “Al Qaeda couldn’t have done this because it’s too small-scale and sloppy.” Too which i would like to point out that: 1.) Al Qaeda has bungled plenty of attacks, and 2.) As the Ft. Hood and UNC attacks showed, there’s no shortage of freelance Jihadis willing to kill Americans.
As for it possibly being “tax protestors” (it being April 15 an all), maybe. Suspected Plano pipeline bomber Anson Chi fit under that description. (Of course, he was also a pro-organic food, pro-WTO, pro-Occupy, anti-GMO type, so he doesn’t fit neatly in any left-right schema.)
Mary Steyn on Margaret Thatcher: “A generation on, the Thatcher era seems more and more like a magnificent but temporary interlude in a great nation’s bizarre, remorseless self-dissolution. She was right and they were wrong, and because of that they will never forgive her.”
The top story today (despite MSM attempts to avoid covering it) is the trial of Dr. Kermit Gosnell for murdering babies. “This case is about a doctor who killed babies and endangered women. What we mean is that he regularly and illegally delivered live, viable babies in the third trimester of pregnancy – and then murdered these newborns by severing their spinal cords with scissors.” I guess doctors murdering black babies just isn’t a big deal for many white liberal journalists. Hell, Margaret Sanger encouraged it. Just contrast their reluctance to report on it compared to how they would have exploded if a guy walked into a hospital and shot seven infants in the head…
Man in Massachusetts arrested for shooting a bear that was trying to eat him.
America doesn’t need an official eugenics program when it has the Ivy league.
Head of U.S. Immigration and Customs Enforcement (ICE) agents union calls out Sen. Marco Rubio for supporting amnesty.
That’s some mighty fine political ad targeting you’ve got going on there, Lou.
The same Ted Cruz that pantsed David Dewhurst in the Republican primary runoff because Dew wasn’t conservative enough?
The same Ted Cruz who was endorsed by Gun Owners of America? (You know, the gun rights group that’s like the NRA, but not so squishy and eager to compromise.)
The same Ted Cruz who beat his opponent in the general election by 16 points?
This is incredible quaintness bordering on total delusion, the notion that Thatcher invented or popularised the previously unpopular notion of selfishness is laughable. As if before Margaret Thatcher the population of Britain was a kibbutz, or British people were known for their intense altruism, tossing money out of windows in the hope that literally anyone else would have it… She was a democratically elected politician after all, she won three elections and lost none, she didn’t dictate the mood of the public, rightly or wrongly – she reflected it.
One of the many enterprises Thatcher’s policies helped out? Theater.
I have some clarification to yesterday’s extremely short blurb on Colt moving to Texas. The company doing the moving is Bold Ideas, which manufactures Colt Competition rifles, including two AR-15 pattern rifles. Bold Ideas is apparently a licensee of Colt (their logo appears on Colt Competition’s website), but not Colt itself. They’re moving to Breckenridge, Texas, which is around 100 miles west of Ft. Worth.
I’ve sent Bold Ideas/Colt Competition a request for additional information. I’ll let you know if I hear back.
“I am not a consensus politician. I’m a conviction politician.”
“There is no such thing as society. There are individual men and women and there are families.”
“We have not successfully rolled back the frontiers of the state in Britain only to see them re-imposed at a European level, with a European superstate exercising a new dominance from Brussels.”
How unions paralyzed Great Britain before Thatcher came in. Check out the giant piles of garbage.
Britain was a disaster: The lights frequently went out, trash was piled up in the streets, and the IMF was called in to bail the treasury out — in response to which the civil service decided that their role was to “manage” Britain’s decline and fall….’Diversity’ types are amusingly silent about her — and for good reason, as her example is utterly lethal to the culture of victimhood on which they rely. The global Left, likewise, has strong motives to disparage her: She realized that decline was a choice….She was right and they were wrong. While they blathered, she helped to defeat Communism, restored democracy to the Falklands, and saved Britain from the reds at home. She was, without doubt, our finest post-war premier and she made an incalculable contribution to the life of my country of birth.
Those on the Left who still probably regard Thatcher as a hate-figure, have either forgotten the history of the Cold War or possibly never understood that Communism meant the virtual enslavement of millions of people in the East European countries, who loathed its ideology as much as Margaret Thatcher herself. It is simply not possible to imagine Thatcher visiting Russia in the 1930s, like certain Left-wing useful idiots from Britain, and being taken in by Stalin’s propaganda machine. Ordinary East Europeans took a different view of her to her critics in this country. For them she symbolised opposition to Communism; indeed she was given a tumultuous welcome by the shipyard workers in Gdansk when she visited them. She wept at the sight.
Margaret Thatcher has died. With Ronald Reagan and Pope John Paul II, she made up the trio of moral leaders in the West who understood what a great evil communism was when so many wanted to appease it, paving the way for the West’s ultimate triumph in the Cold War. Her free market polices reinvigorated a strike-wracked UK economy many thought moribund. She arrested the British military’s decline and retook the Falkland Islands while Tory “wets” were quitely pushing to let them go.
She was hugely influential, smart, capable, and exactly the sort of leader the UK needed in the dark days of the late 1970s. The UK shall not see her like again.
