May 24, 2013
May 22, 2013
They launched the 'Arab Spring' but now yearn for the good old days of a strongman
May 20, 2013
Richard A. Serrano: Is Meir Kahane's assassin now a changed man?
Genetic copies of living people from embryos no longer science fiction
Jewz in the Newz by Nate Bloom :
The Kosher Gourmet by Cathy Pollak:
Jews Inducted into Rock Hall of Fame; Anton Yelchin co-stars in New "Trek" film; Kutcher (but not Kunis) visits Israel; Jewish TV Star Praises Jewish Rap Star
WARNING: This WALNUT CAKE WITH PRALINE FROSTING, perfect for afternoon coffee, is addicting
May 13, 2013
Rabbi Nathan Lopes Cardozo: Why the giving of the document that would permanently change the world could only be done in desolation
David G. Savage:
Church-state, literally? Supreme Court weighing public school graduation in a church
May 10, 2013
Rabbi Berel Wein: Be all that you should be
May 8, 2013
Peter Ford: Why China is welcoming both Israel's Netanyahu and Palestinians' Abbas
Obama administration quietly backs out of appeal over new contraceptive mandate
At Kerry-Putin meeting, US-Russia relations thaw --- a tad
The Kosher Gourmet by Leela Cyd Ross :
Almost too pretty to eat, this colorful salad with Sicilian inspiration will tickle the taste buds and delight your visual sensibility
May 6, 2013
May 3, 2013
Kids, kittens the Same?
With employee perks at struggling Internet pioneer Yahoo! it's hard to tell
Artificial kidney offers hope to patients tethered to a dialysis machine
April 29, 2013
Poland's new Jewish museum celebrates life, doesn't revisit Holocaust
Terrorism in America: Is US missing a chance to learn from failed plots?
Boston Bomber's 'Svengali' Revealed
Tiny satellites + cellphones = cheaper 'eyes in the sky' for NASA
April 26, 2013
Clifford D. May:
Defense in the Age of Jihadist Terrorism
Sharon Palmer, R.D.:
How to feel your best -- with plenty of energy, a healthy weight and optimal mental and physical function -- without driving yourself batty
April 24, 2013
Jewish World Review
April 8, 2009 / 15 Nissan 5769
Most Americans accept the continuing attack on tobacco companies and smokers, but how do they feel about the massive government deception? In 1998, 46 state attorneys general and major tobacco companies signed the Master Settlement Agreement. The major tobacco companies agreed, among other things, to give states $240 billion over 25 years to provide for smoking cessation programs and cover the health costs associated with using their product. In return state attorneys general promised tobacco companies that they wouldn't sue them and would use their lawmaking power to protect the major tobacco companies from competition from small tobacco companies. Of the $80 billion extorted so far, states have spent about 30 percent on health, not all tobacco-related, and less than 6 percent on smoking cessation programs. Instead, state legislatures spent the bulk of their tobacco money for items such as museum building, tax relief, rainy-day funds and other expenditures having nothing to do with tobacco or health.
The U.S. Congress' deception was, and continues to be, a major player in our financial meltdown. In congressional hearings, before the meltdown, on the soundness of Fannie Mae and Freddie Mac, Rep. Maxine Waters said, "Through nearly a dozen hearings, we were frankly trying to fix something that wasn't broke. Mr. Chairman, we do not have a crisis at Freddie Mac, and particularly at Fannie Mae, under the outstanding leadership of Franklin Raines." Rep. Barney Frank, the ranking Democrat on the Financial Services Committee, said, "These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." Other congressmen gave similar assurances. Unfortunately for our nation, the forces pushing for "affordable" housing won the day and saddled us with today's unprecedented financial disaster. How stupid is it of us to ask those who brought us "affordable" housing to now turn their attention to bringing us "affordable" health care?
Congressional deception about government finances means today's children will face a financial disaster that will make today's mess seem like a walk in the park. What's called the public debt stands at $11 trillion and growing. That pales in comparison to the federal government's unfunded liability obligations that are not covered by an asset of equal or greater value.
Mike Whalen, former policy chairman of the Dallas-based National Center for Policy Analysis, commenting on last year's Social Security Trustees annual report on the state of the Social Security and Medicare programs, said, "The report on the state of entitlement programs is rather grim the combined unfunded liabilities of both programs are $101 trillion." What that means is that in order for government to make good on its promises, Congress would have to put aside tens of trillions of dollars in the bank today. Keep in mind that our GDP is only $14 trillion.
In the absence of massive tax increases or cuts in benefits, in order to meet its promises Congress must cease spending on one in four programs by 2020, such as education and highway construction, and one in two by 2030, and by 2050 or so all federal revenue will be spent supporting Social Security, Medicare and prescription drug benefits. Such a scenario is unsustainable. There will be economic and political chaos. Today's politicians are not likely to take measures to avoid the coming chaos because senior citizens, the major beneficiaries of Social Security and Medicare, vote in large numbers and will exact a high political price. Plus, neither today's senior citizens nor today's politicians will be alive in 2050. I'd be more optimistic if my fellow Americans were simply suffering from congressional deception as opposed to their not caring about the economic calamity that awaits tomorrow's Americans. I'd be even more optimistic if today's seniors started putting heat on Congress to allow those Americans who want nothing to do with Social Security to opt out.
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