TPS

don't you know that spending is ok as long as it's for military and homeland security? Doesn't matter how much is wasted. On a serious note, and with respect to the tax debate thread, one needs to look at government as a redistribution mechanism. Over the past 6 years the federal tax burden on the wealthy has declined significantly in favor of borrowing, and expenditures have shifted from non-military to military. People seem to ignore the fact that many people (via private business or corporations) become wealthy through government contracts. And, as I've mentioned many a time here, when government auditors can't trace $1 trillion in defense spending, something is seriously wrong... Besides, it's more fun to focus on saying the bottom quintile pays no federal taxes while the top quintile pays 80% of all taxes--duh! When the top 1/5 have 50% of all income (and the bottom gets less than 4%)--of course they pay most of the taxes.

Target Iran This is a good but long piece on the Administration's next ME target. I imagine once all the ducks are in a row, they'll create a spark.

For what it's worth, some detail not found in a drudge link. venezuela

Where would he get such a cockamamie idea? We've never intervened in Latin America before.

Next you're going to tell us that "organic" doesn't mean it's, well...organic, yes? (where's the sarcasm button?) Ps. Welcome back.

I found the first part very funny. All of a sudden he's found the religion of balanced budgets and oil conservation. I laughed out loud when he said that sh-- with a straight face. The rest basically confirmed he may be the worst president in history. I loved the typical political BS: balance the budget; without tax increases; but, at least a half dozen new spending programs...

There is a difference: if we're going to try and police the world's affairs, then we ought take a greater interest in the world's affairs, don't you think?

Yes, I forgot, we do have DC Monkey Jumper.

I certainly didn't expect the standard, "but the other guy's worse" argument here...

A country that begins with U....hmmm...??

Democrats are now the party of fiscal responsibility? cutin' pork

Almost makes ya' miss ICE....

Does that mean he becomes part of "the club" and no longer goes after fraud and abuse? If the SEC would've done its job, Spitzer wouldn't need to do half of what he did. Government regulatory agencies have been hijacked by the industries themselves.

Gotta love the logic... Three day work week

Reagan is only #17?!? Damn liberal media....

Pelosi=Halliburton

I don't think it's being a smart aleck; you're basing it on experience. As I said, I "believe" he will be different--doesn't make it so.

No politician is perfect, but I believe he will change things from "business as usual"--which is using government to enrich yourself and your cronies. He's the one democrat I voted for. spitzer Someone must've found this just for me...

Not to rain on your parade, but someone was way ahead of the curve here... Dr. K

Came across this interesting article, while not about peak oil, it's certainly related to the situation the US has created for itself by our oil-centric energy policies and dependence on foreign sources. While it doesn't state this, it highlights the fact that our dependence on foriegn oil is a more serious issue than peak oil. changing oil markets "Russia has found the Achilles' heel of the US colossus. In concert with its oil-producing partners and the rising powerhouse economies of the East, Russia is altering the foundations of the current US-led liberal global oil-market order, insidiously working to undermine its US-centric nature and slanting it toward serving first and foremost the energy-security needs and the geopolitical aspirations of the rising East. "

Aha! The underwriting on the wall is clear now--they are behind the futures activity....

I wonder what the futures market activity is like????

You are correct. I'd rather see them go for another DT (or LB) with R1 pick (gotta stop the run), then RT (OL in general) with R2 and R3.

He outright flattened a Houston DL on one of JP's scrambles.

Absolutely. Every Econ book I ever read is on the shelf. My favorite shelf is in chronological order, beginning with the "Wealth of Nations." It's unfortunate that Milton and Maynard never met--that would've been quite a debate. By the way, I own two books by Milton. The second is "Milton Friedman's Monetary Framework: a debate with his critics."