So Eric Cantor is so confident that their will be a solution to the debt ceiling debacle, that he bought an $15,000 worth of shares of an ETF that gains value when Treasury Bonds decrease in value. Of course his pension fund holds a lot of Treasure Bonds and it’s a hedging move, but it’s not exactly the most ethical thing to do in the world to bet against the talks that he personally walked out on. If this thing does and up getting settled and bond prices rebound, Cantor stands to gain a few bucks if he dumps his ETF stake.
These are your representatives of the people, folks. How do I hedge against higher interest rates on my credit cards and student loans if the US loses its AAA credit rating? I guess my situation and the situation of millions Americans is an afterthought.
You might not think that splitting a series against the Braves is a big deal, but look at the silver lining. The Bucs were a failed squeeze play and 1 run away from sweeping one of the best teams in the NL. That’s encouraging.
I just had two coworkers lecture me on how easy it was to find a job during the recession. One was in college at the time, the other was already 2 years into his first job.
I can’t express how angry I am right now. What makes it worse is that I know there are plenty of people out there who see the long term unemployed as lazy. I wouldn’t wish my experience during that time on my worst enemy. It was hell.
I’m not going to get into much detail here, but this is something that I’ve gotta get off my chest. The Republicans are digging their heels in demanding that the government cuts spending drastically.
Well that’s a novel idea, but at the same time they refuse to allow higher taxes to be part of any deal that gets done. Well, that’s a hard stance to reconcile, since cutting costs alone will not close the gap. You can’t fund two wars AND preserve tax cuts for the corporations and the wealthiest 1% and expect to cut the deficit. If you’re serious about this, there has to be cuts in spending and tax raises. It’s not as if taxes are extraordinarily high right now. In actuality, taxes for the highest percentile are the lowest they’ve been in a long time (google it, I don’t feel like linking to it).
The government needs to cut back on spending (which might not be the best thing to do during a fragile recovery period) and a raise in taxes for corporations and rich individuals. Since Republicans are clinging to the myth that tax cuts spur economic growth (unfounded…look up the Slate article on the Bush tax cuts), they’ll never cede that ground.
Who does this hurt, you may ask? Lower class citizens that need government assistance to survive. Also, elderly people who rely on government aid to cover living costs. And the working class who has not benefited from the supposed benefits on lower taxes on corporations that have been prevalent since the Reagan administration. Wages have remained relatively flat relative to inflation. The richest 1% have accumulated more wealth in the past 20 years then they’ve had in the last century. I’m not a staunch advocate of economic redistribution, but the game has been rigged for the rich and large businesses and that has come at the expense of the working man. We’re seeing it more now than we ever have…there’s an elite and small class of people controlling all of the wealth and there are the poor. The middle class is shrinking and it will continue to get smaller unless things change. That’s not good for America, but that doesn’t seem to resonate with leadership in Washington.
If anybody needs an excuse to sit through the disaster that is the ESPYs, Anthony Robles is it. He is one of the most inspirational people you will ever see. I can’t stress enough how hard Division I wrestling is to anybody that doesn’t know. It’s a grind and many talented athletes fade into the crowd in the transition from high school to college. To become one of the best wrestlers in the US is a Herculean task. Winning a national championship means you’re in a class of 10 out of the thousands that step on a mat each year. To accomplish what Anthony Robles has with one leg is absolutely unbelievable. He took what many would see as a disadvantage and turned it into his own unique style. Maybe a handful of wrestlers have ever had to come up with a strategy to counter a guy on one leg. My teammate wrestled Robles at Nationals a couple of years ago and he had no answer for it.
So in summary, tune into the ESPYs and watch Anthony Robles’ speech. He has an amazing attitude about life and he’s a joy to listen to. He deserves another fleeting moment in the sun. He’s earned it.