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Froomkin: NSA's Clapper "flat-out lied"

We know this. But it's good to have it re-stated. Froomkin in The Intercept:

Clapper flat-out lied to Sen. Ron Wyden during a Senate hearing in March when he said the NSA does not wittingly “collect any type of data at all on millions or hundreds of millions of Americans.”

Clapper has  previously said he “responded in what I thought was the most truthful, or least untruthful manner by saying no.”

Clapper also complained about his limited budget. Read below the fold...

MMT in the heartlands: Why we pay taxes

This very lucid explanation of how Federal taxes work comes from Rexburg, Idaho (!):

When the federal government spends, it simply credits business and household bank accounts to pay for goods and services the government needs such as obtaining military hardware, paying troops, caring for national parks, obtaining military hardware or to pay out social security benefits.

Take someone who receives a direct deposit of their monthly social security payment, for example. The federal government simply credits the recipient's bank account so that the balance increases. But in effect, all that really happens is the digits in the account change like the score on a scoreboard so that there is more money in the account.

Did the federal government need to go find the money to make that social security payment? No. They just adjusted the digits at the bank.

When the federal government spends, it creates money that did not previously exist. The side of the federal government that spends (the right hand) operates independently from the side of government that issues debt and collects taxes (the left hand). ....

This brings us to why the federal government collects taxes. It does so in order to reduce the amount of money flowing through the economy. Paying federal income taxes destroys money. Read below the fold...

Tweet of the day (2)

In the garden: evening cucurbit

Could be frost tonight... Which makes cucurbits sweeter!

Schneider 2x tele. Read below the fold...

okanogen's picture

Conspiracy Bingo!

In honor of 9/11 Truthers and dogged conspiracy theoristsbeverywhere, I created this fun Bingo game.

Feel free to add your favorite conspiracy buzzword!

h/t WeHuntedTheMammoth whose blog I just found regarding this disgusting episode, as part of which they had made a "GamerGate" bingo game. And for finding that blog, a huge hat tip to RationalWiki. Read below the fold...

Tweet of the day

Bernie! Pay attention! It was Democrats! Democrats! Democrats! who lost Florida for Gore

Jim Hightower in Salon, November 28, 2000, before the Democrats had begun the blame-shifting that's the best thing they do:

308,000 Democrats voted for Bush. Hello. If Gore had taken even 1 percent of these Democrats from Bush, Nader’s votes wouldn’t have mattered.

So, Bernie, when I hear you say stuff like this, I'm shaking my head: Read below the fold...

In the garden: Autumn black-eyed susans

Schneider Tele. More decay, in raking light, with Constable-like touch of red. Read below the fold...

In the garden: Autumn honeysuckle

Schneider 2x Tele. Perhaps not the first time this subject has been photographed, but still pretty. Read below the fold...

Why I like this post from Matt Stoller on Saudi sponsorship of ISIS a lot

(Here.) First, we agree -- confirmation bias alert -- on the nature of the state:

The Saudi state, like all states, isn’t a coherent whole, but a set* of elites that interact with each other. There are thousands of ‘princes’ who basically just get oil income, but any of them can act independently and many of them do.

Read below the fold...

Brits use Scottish oil as collateral

George Washington's blog:

[A]s Max Keiser explained:

(1) The UK can now borrow cheaply using the giant Scottish oil reserves as collateral

(2) If Scotland leaves, the collateral (oil reserves) is no longer available

(3) So the cost of borrowing money for Britain skyrockets

Read below the fold...

Tweet of the Day (2)

Tweet of the day

tom allen's picture

Bait and switch: Key MNsure company pulls out

The big news today in Minnesota is the withdrawal of PreferredOne from the state ACA exchange, MNsure. Nearly six in ten patients chose it this year, presumably because it had the lowest prices nationwide. But it won't be offered on the exchange next year -- so patients will either have to do without the tax credits that made it so affordable, or switch to an insurer with a higher premium. Read below the fold...

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