For general discussion and debate. Possible talking point: We're out of money!
For general discussion and debate. Possible talking point: Who's responsible for the growing credit card debt?
Let's be frank here. In an embarrassing number of cases, cardholders blithely rack up charges without a thought to payment. Consumer plastic has become the perfect dance partner to our irrepressible need for instant gratification. I want it, I buy it, and some day I may pay for it. The soul-searching question do I have enough money? doesn't always enter a purchase equation. Unlike that old-style method of layaway so popular during my childhood, charging gets you the coveted item NOW, not when you've finished paying for it...This is about living high on the hog without thinking about forking over the bacon. As consumers we owe nearly $1 trillion in consumer credit, and card debt has increased by 25 percent in the last decade. Granted, penalty fees are ridiculous, and about one-fifth of those carrying debt pay 20 percent in interest, surely loan shark-level rates. Nevertheless, we must bear responsibility for irresponsible spending and short-sighted decisions.
Read the whole piece and offer your thoughts.
Pres. Barack Obama delivers his commencement address at the University of Notre Dame, Sunday, May 17, 2009. (AP Photo/Charles Rex Arbogast)
For general discussion and debate. Possible talking point: U.S. to lose its AAA rating?
The dollar extended declines today after Treasuries and American stocks slumped on concern the U.S. government’s debt rating may at some point be lowered. Bill Gross, the co-chief investment officer of Pacific Investment Management Co., said the U.S. “eventually” will lose its AAA grade...Gross said in an interview yesterday on Bloomberg Television that while a U.S. sovereign rating cut is “certainly nothing that’s going to happen overnight,” markets are “beginning to anticipate the possibility.” Nobel Prize-winning economist Paul Krugman, speaking in Hong Kong today, nevertheless argues it’s “hard to believe” the U.S. would ever default.
Is Gross right, or is he greatly exaggerating? If the full faith and credit of the U.S. doesn't deserve the highest rating available, whose does? After all, anything less than AAA suggests that entity could actually default.
***NewsBusted will be off next week, fear not we will be back the week after that*** Topics in today's show: President Obama continues Bush military tribunals, President Obama says the deficit is unsustainable, the number of illegal immigrants from Mexico has dropped by 25%, and Mia Farrow has ended her hunger strike. Love the show?
Acting Federal Communications Commission (FCC) Chairman Michael Copps insists that the so-called Fairness Doctrine is "long gone" and "not coming back." But liberal legislators such as socialist Sen. Bernie Sanders (I-Vt.) and former Democratic presidential aspirants Rep. Dennis Kucinich (D-Ohio) and Sen. John Kerry (D-Mass.) have recently called for a return of the anti-free speech.
That's why Media Research Center (MRC) President and NewsBusters Publisher Brent Bozell is calling on FCC Chairman Copps to call for Senate Majority Leader Harry Reid (D-Nev.) and House Speaker Nancy Pelosi (D-Calif.) to bring the Broadcaster Freedom Act to the floor for an up-or-down vote:
When this many high-powered elected officials are calling for a return of the mis-named ‘Fairness’ Doctrine, and are actively opposing a vote on the bill to prevent the FCC from reinstating it, it isn’t a conspiracy theory. It’s a determination to shut down free speech on talk radio.
The solution is simple: Chairman Copps should call on Speaker Pelosi and Majority Leader Reid to allow a full, fair stand alone vote on the Broadcaster Freedom Act. That way we will know once and for all how each member of Congress thinks – are they for free speech, or are they for the ‘Fairness’ Doctrine?
The May 19 press release is available at MRC.org and is excerpted in full below:
For general discussion and debate. Possible talking point: costly new emission standards when auto companies are failing?
President Barack Obama's new fuel and emission standards for cars and trucks will save billions of barrels of oil but are expected to cost consumers an extra $1,300 per vehicle by the time the plan is complete in 2016. Obama on Tuesday planned to announce the first-ever national emissions limits for vehicles, as well as require an overall or industry average fuel efficiency standard at 35.5 miles per gallon...Administration officials said consumers were going to pay an extra $700, anyway, for mileage standards that had already been approved. The Obama plan adds another $600 to the price of a vehicle, a senior administration official said, bringing the total cost to $1,300 by 2016.
With GM and Chrysler collapsing, and consumers struggling to make home payments, is this the time for such measures? Wouldn't it be better to wait until the industry is back on its feet as is the economy, or does that make too much sense?
Topics in today's show: President Obama gets heckled at Notre Dame, a new poll shows a majority of Americans consider themselves pro-life, Chrysler will close 1000 dealerships, and Vanessa Hudgens is upset that Zac Efron wont propose to her. Love the show? Then help spread the word by embedding it on your blog or telling your friends on Myspace and Facebook.
For general discussion and debate. Possible talking point: you tell us.
Pres. Obama reacts after Wanda Sykes says of Rush Limbaugh: "I hope his kidneys fail. How about that?" Washington Correspondents' Association dinner, May 9, 2009.
For general discussion and debate. Possible talking point: China's yuan to replace the dollar as world's reserve currency?
Topics in today's show: Massachusetts gives cars to the unemployed, A new poll shows 60% of Americans identify themselves as conservatives, Michelle Obama appears on Sesame Street, Simon Cowell says he's secretly in love with Paula Abdul. Love the show? Then help spread the word by embedding it on your blog or telling your friends on Myspace and Facebook.
For general discussion and debate. Possible talking point: you tell us.
In a letter dated today and a press teleconference held at 9:30 EDT this morning, Media Research Center president and NewsBusters publisher Brent Bozell joined other conservatives in calling on President Obama to withdraw Harry Knox from the presidential Advisory Council on Faith-Based and Neighborhood Partnerships.:
Harry Knox is the hate-filled antithesis of this noble objective. Knox is a virulent anti-Catholic bigot, and has made numerous vile and dishonest attacks against the Church and the Holy Father. He has no business on any Council having to do with faith or religion.
Co-signers to the letter include lay Catholic and conservative leaders such as Judie Brown of the American Life League, Kate O'Beirne of the National Review Institute, American Spectator publisher Al Regnery, Chuck Donovan of the Family Research Council, and Bill Donohue of the Catholic League.
A list of some instances of Harry Knox's anti-Catholic bigotry is available at MRC.org here. Knox's virulent hatred of Catholics extends from the top down, from Pope Benedict XVI to the rank-and-file member of the Knights of Columbus:
Topics in today's show: Unemployment at 25 year high, Michael Savage has been banned from the UK, Manny Ramirez has been suspended, and the new Star Trek strikes gold. Love the show? Then help spread the word by embedding it on your blog or telling your friends on Myspace and Facebook. Think you're funny? Send your (short) jokes to newsbusted at dialognewmedia.com.