October 18, 2013

Debt to GDP (See Update)

Filed under: Economy,Taxes & Government — Tom @ 9:39 pm

(See Update below)

Debt held by the public after one-day all-time record addition to the total national debt of $328 billion ($188 bil of which went to debt held by the public: $12.117 trillion

Annualized third quarter estimated gross domestic product (assumes annualized growth of 1.5% in third quarter): $16.725 trillion

Estimated public debt to GDP ratio: 72.4%

Public debt to GDP ratio predicted by Congressional Budget Office in its 2013-2023 projections: 75.1%

Hmm. It looks like that awful shutdown might have cooled down the federal government’s spending a bit, even after its purchase and deployment of Barrycades. And that’s a bad thing?

UPDATE, Oct. 20: Actually, this difference is the result of a definitional tweak which added $471 billion to GDP. If it weren’t for that, the ratio would be slightly higher than 75 percent.

Friday Off-Topic (Moderated) Open Thread (101813)

Filed under: Lucid Links — Tom @ 6:05 am

This open thread will stay at or near the top today. Rules are here. Possible comment fodder may follow. Other topics are also fair game.

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7:15 a.m.: Obamacare wonder turned one-day blunder Chad Henderson (background here, and here) has pulled his Instagram pictures, which included screen grabs of his pathetic Obama fanboy tweets.

Positivity: Book — Pope John Paul II’s Mother Rejected Doctor’s Abortion Suggestion

Filed under: Life-Based News,Positivity — Tom @ 6:00 am

From Life News:

10/16/13 4:54 PM

A new report out today suggests Pope John Paul II’s mother rejected an abortion when pregnant with him.

Under the headline “Blessed John Paul II was in danger of not being born,” the Vatican Insider web site says the information was revealed by Milena Kindziuk in the book just came out.

The report suggests that the future Pope John Paul II was in danger of not being born because of the precarious state of health of his mother Emilia Kaczorowska. The book, “The Mother of the Pope,” indicates Emilia Kaczorowska, married in 1905 with Karol Wojtyla, the army of the Austro-Hungarian Empire, rejected an abortion.

According to the gynecologist Kindziuk of Wadowice, Jan Moskala, he mother had lost her daughter Olga, who died shortly after giving birth. The report says the doctor advised her to save her own life rather than that of the child conceived when troubles in Pope John Paul II’s pregnancy emerged.
“You have to have an abortion,” the doctor said, according Kindziuk, the mother of Karol Wojtyla.

“Aware of the risks, the parents of John Paul II decided otherwise and Emilia gave birth in the house of Wadowice May 18, 1920. Then, after a long illness, probably of rheumatic diseases, the mother of the future pope died on April 13, 1929,” the report, in Italian, indicates.

Pope John Paul II left behind a very strong pro-life legacy.

Father David O’Connell, President of Catholic University in Washington, told Voice of America that the Pope left behind a pro-life legacy in which he reasserted the moral values the Catholic Church holds dear.

“His talking about abortion reflects his consistent belief and conviction and the consistent belief of the Catholic church in the sacredness of human life and every human life from the moment of conception to the moment of natural death,” Father O’Connell said.

“And he was unwavering in his speaking about that, writing about that, and dealing with that issue within our world,” Father O’Connell explained.

Go here for the rest of the story.