Archive for May 2014
Co-hosts Walt Thiessen and Bill Westmiller deplore the passage of the so-called "USA Freedom Act", originally intended to restrain NSA surveillance, but modified at the last minute to EXPAND NSA power. The leadership of the House of Representatives basically caved in to every NSA-Justice Department demand for provisions that actually extend the Fourth-Amendment violations of the government's Surveillance State. Bill itemizes some of the changes that extend NSA power and authority over otherwise "private" communications of Americans. Walt hopes that the gimmicks inserted into the law will be overturned by the Supreme Court. China and Russia have agreed to a multi-billion-dollar deal that will reduce U.S. control of international oil, gas, and power, by eliminating the U.S. dollar as the standard for trading. Walt notes the potential effects on energy inflation for American consumers. New Housing starts are still lower than they were after World War II, primarily because of the "bubble" created by legislation and the "Quantitative Easing" of the Federal banking system. Walt reviews the effects of expanding fiat currency as the primary cause for inflation in all consumer prices.
Walt Thiessen and Bill Westmiller thrash through their own views on government spending, private surveillance, and new forms of education. Minor government spending cuts, called "sequestration" resulted in the loss of ONE government job. The co-hosts discuss the ways that bureaucracies deal with fixed spending levels and public demands for transparency and reform. A new administration report on "big data" didn't have any news, but Thiessen and Westmiller tackle the distinctions between public (NSA) monitoring and private commercial monitoring, with a few tips on how to reduce your exposure to commercial pop-ups, ads, and other impediments to getting web content. Walt noted that the Common Core push has resulted in a lot of criticism and educational alternatives being made available to parents and students outside the normal government schooling bureaucracy. He describes a private school system he's working on and Bill chimed n with a few examples of free internet educational services that are becoming very popular. The co-hosts agree on radical changes that will make real education possible for students in the future.
Walt Thiessen offers a personal commentary on his discussion of ObamaCare with a contributor to Nolan Chart, while Bill Westmiller reviews some of the recent healthcare developments that aren't making the headlines. The Affordable Care Act isn't matching Obama's promise of an average $2,500 reduction in health insurance premiums, but the co-hosts find a host of other problems still over the horizon. Meanwhile, RomneyCare couldn't adapt to the new federal rules, so their insurance exchange crashed and won't be resuscitated for another year. An anti-libertarian rant from arch-conservative Rick Santorum probably won't affect Rand Paul's growing support for the GOP nomination. Santorum remains in the single digits of public polling. China and Russia have decided to work together to eliminate the "petro dollar" monopoly on fuel exchanges. The hosts speculate about the effect on FED inflation and the U.S. economy.