November 20, 2011

AP’s Taylor Relays Tired ‘Extending Unemployment Benefits Stimulates the Economy’ Fiction

The dictionary definition of “stimulate” relevant to a nation’s economy is “to rouse to action or effort.”

We still have journalists who gullibly relay the notion that extending unemployment benefits and increasing entitlement programs will “rouse” the economy “to action of effort,” despite almost three years of evidence that such is not the case. One of them is Andrew Taylor, a writer for the Associated Press, who, in his unprofessionally titled (“Deficit deal failure would pose crummy choice”) and painfully long writeup about the supercommittee’s lack of action or effort in Washington, wrote the following:

(more…)

AP Story: ‘Deep Cuts’ (Which Aren’t) Are a ‘Threat’ to the Economy

In their deeply deceptive Friday morning story (“Deep spending cuts pose a new threat to US economy”) about how the bicameral bipartisan supercommittee is supposedly going to hurt the economy with whatever results from its handiwork, Christopher Rugaber and Daniel Wagner of the Associated Press, aka The Administration’s Press, “somehow” forgot to include one “little” detail, and deferred another until very late in their report.

The omission, which is that the “cuts” under consideration are really reductions in projected spending increases in future years, is sadly typical. The fact is the $1.2 trillion in “savings” the supercommittee hopes to engineer will only slightly reduce the rate of spending growth. The deferral is that the pair waited until Paragraph 18 to tell readers, and even then only incompletely, that the “deep cuts” would be spread over nine years, thereby amounting to roughly 3% of the $40.3 trillion if projected 2013-2021 spending (Page XI here). The AP pair never explains how “cuts” which wouldn’t kick in until the October 1, 2012 beginning of fiscal 2013 and which are (as they have almost always been) heavily skewed towards later years would affect the current economy. Excerpts from the pair’s report follow (bolds are mine):

(more…)

Sunday Off-Topic (Moderated) Open Thread (112011)

Filed under: Lucid Links — Tom @ 7:15 am

Rules are here. Possible comment fodder may follow later. Other topics are also fair game.

___________________________________

Positivity: Pope approves US Anglican ordinariate launch for Jan. 1

Filed under: Positivity — Tom @ 7:00 am

From Baltimore:

Nov 15, 2011 / 06:15 pm

Cardinal Donald W. Wuerl announced today that an Anglican ordinariate in the United States will be canonically erected on Jan. 1, 2012, the Solemnity of Mary, the Mother of God.

“I remain convinced this ordinariate will be a true expression of the Catholic Church,” said Cardinal Wuerl, who made the announcement Nov. 15 at the U.S. Conference of Catholic Bishops’ fall general assembly in Baltimore.

Cardinal Wuerl is serving as the Vatican’s delegate for establishing a U.S. Anglican ordinariate.

He explained that he recently received a letter from Cardinal William Joseph Levada, head of the Vatican’s Congregation for the Doctrine of the Faith, saying that Pope Benedict has approved the erection of a U.S. ordinariate.

Ordinariates are similar to dioceses but typically national in scope. Pope Benedict authorized the creation of ordinariates for Anglican communities seeking to enter the Catholic Church in his 2009 apostolic constitution, “Anglicanorum coetibus.”

They will allow entire communities to enter into full communion with the Catholic Church while retaining elements of their Anglican heritage and liturgical practices.

Cardinal Wuerl said that he anticipates approximately 2,000 people joining the American ordinariate when it is established in January.

He explained that two Anglican communities – one in the Diocese of Fort Worth and the other in the Archdiocese of Washington – have already come into full communion with the Catholic Church in anticipation of the new ordinariate being created.

In addition, he said, 67 dossiers from Anglican clergy seeking ordination have been sent to the Congregation for the Doctrine of the Faith in Rome.

So far, 35 have received initial approval, meaning that they an now move on to the second stage of the process, which includes a criminal background check, psychological evaluation and vote of support from the local Catholic bishop, as well as from the local Anglican ecclesiastic authority, if possible.

Cardinal Wuerl also announced that the Holy See has approved a catechesis program for Anglican congregations that wish to join the ordinariate.

Go here for the rest of the story.