A new perspective on Jesus Christ

Title: Oedipus and the Sphinx
By: Jean Auguste Dominique Ingres (1780 – 1867)
Original Size: 144 x 189 cms / 56.7 x 74.4 inches
Medium: Oil On Canvas
Location: Louvre, Paris, France

From this perspective Christ is the Word, the Logos, the universal light of God manifested through an incarnate person. Cayce’s readings explain that the light of Christ first incarnated in Poseidia in Atlantis around 106,000 B.C. ­ doing so to help souls who had lost their conscious connection with God and had become trapped in matter. The attuned Cayce sees us as spirits and minds; physical bodies came long after our original creation in the image and likeness of the Universal Creator. The Christ spirit realized that it was going to take a series of incarnations in order to fully overcome the influences that had taken possession of our minds and hearts, and it came out of the heavens into matter to help us along the way.

The Christ spirit did not incarnate only in the Western world. Cayce explains that wherever the concept of one God and one brotherhood, sisterhood was proclaimed, the Christ spirit was there. As the disciple John wrote in the opening lines of his gospel: “In the beginning was the Word [the Christ], and the Word was with God, and the Word was God. All things were created through this One; and nothing that has been made was made without this One. In this One was life, and the life was the light of humanity. The light shines in the darkness, and the darkness has not overcome it. The Word [the Christ] became flesh and dwelt among us, full of grace and truth.” A portion of the trinity of God came among humanity to help us. Cayce says this first happened in the legendary times of Atlantis; then again in Eden, between the Tigris and Euphrates; and again in Egypt, and again and again, continuing even today. In one of Cayce’s most often-published readings, he stated: “For the time never was when there was not a Christ….”

Many devoted Christians wrestle with the edict that a person must “name the name” in order to achieve full resurrection, redemption, and eternal life. Even the Cayce readings quote this phrase, but with a significant twist to it: “He that would name the name must have become perfect in himself!” How many of us Christians can say we have achieved this requirement? Another reading says: “Magnify that name, that name, that becomes on every tongue that of the crucified one in the manner that self is crucified to the fleshly desires, preferring the spirit of the Holy One before self, and considering your neighbor as yourself.” Using this reading’s definition of the name, couldn’t a person who has heard little of Jesus be “naming the name” if he or she has crucified fleshly desires, preferring God’s will over his own, and loving his fellow man as himself? Is the name a word or is it spirit? Is salvation the name “Jesus” or loving God and others as Jesus instructed? Is Christ only Christian or universal? Is God and the manifestation of God among us limited to select souls? Does not God love and seek the companionship of all His/Her children?


Edgar Cayce’s ARE – Under the direction of a High Priest named Ra Ta, Egypt began to lead the world in social programs aimed at equality, personal transformation, and moral responsibility to others. Eventually, the Egyptian civilization was considered unsurpassed in the scientific history of the world and given credit for introducing the world to writing, medical science, irrigation, architecture, and nationalism.

Edgar Cayce stated that records of this once glorious civilization would one day be discovered in Egypt. In addition, the Edgar Cayce readings suggest that between 1958 and 1998 the world would again be presented with many of the same opportunities and challenges that faced the Atlanteans, eventually requiring humankind to remember its true spiritual nature as we head toward a new millennium of peace and hope.





    Tarja Turunen Playlist http://listen.grooveshark.com/#/playlist/Apr+12+2010/27576960

53 Responses to “A new perspective on Jesus Christ”

  1. blessedistruth Says:

    Eventually Oedipus came to the gates of Thebes.

    Guarding the gates was a terrible monster with the body of a lion and the head and torso of a woman.

    She allowed no one to enter or leave the city without answering the riddle that she posed.

    If the traveler could not answer correctly, she would kill and devour him.

    As no one had yet come up with the right answer, the sphinx was well-fed, and the city of Thebes was effectively cut off from all trade and all contact with the world outside the city walls.

    When Oedipus reached the gates of the city, the creature posed her riddle:

    What walks on four legs in the morning, two legs at noon, and three legs in the evening?

    Oedipus solved the riddle, answering that man crawls on all fours in infancy, walks upright on two legs in adulthood, and uses a cane as a third leg in old age.

    The sphinx was so frustrated that Oedipus had answered her riddle that she threw herself from the city walls, and died there on the road in front of the city that she had terrorized for so long.

    The Thebans were immensely grateful to Oedipus for having rid them of the monstrous sphinx.

  2. blessedistruth Says:


    In five different regions, in five different races, in five different nations the souls entered, each group manifesting a unique characteristic of their celestial nature and each responsible for maintaining and enlightening the physical world with that celestial aspect while the cycles of Earth-life moved toward their destiny.

    Leila was among those souls charged with developing the white race.

    Their original center was in the Caucasus Mountains, though many of them migrated into what today would be called northern Africa, Egypt, eastern Asia and Europe.

    In Egypt, the high-priest Ra Ta, and several others working closely with him, were preparing for Leila’s entry.

    Hers was to be a very special event for she had the potential to manifest the optimal characteristics of a true, pure, human-type physical body.

    Many of the bodies in all races were contaminated and distorted by animal characteristics that lingered from the early days of the terrestrial ones.

    To produce a perfect form for the companions, one had to use the natural laws of the Earth’s genetics combined with a clear mental image of the desired result.

    Then hope that the soul who inhabited the body possessed the same image and could maintain it sufficiently to manifest it in physical form!

    Even then, the new creation could end up sexually mingling with another body that wasn’t as purely human, mixing it with stronger animal characteristics, and ruin everything.

    These were unusual times.

  3. blessedistruth Says:

    Coyotes Win!

    Quoting my husband:

    F*ck you, you f*cking c*cks*ckers!

    You can’t even beat us when you’re cheating, you pr*cks!

    Is that the way you guys talk?!

  4. blessedistruth Says:

    A very good playlist

    Sorry I can’t get it to play

    But if you click on green arrow at end of each line

    You will be provided with link to do with as you wish


  5. blessedistruth Says:

    This is my main playlist which doesn’t wanna play.

    But if you double click on any song it should play.

    And if you click on green arrow at end of each line

    You will be provided with link to do with as you wish


  6. blessedistruth Says:

    And this is what my husband is listening to.


    And he’s burning the dinner.

    But I don’t mind.

  7. blessedistruth Says:

    Honey Bee


  8. blessedistruth Says:

    Sen Dodd: Our bill will end too big to fail. | 3 Fed presidents disagree

    James pethokoukis

  9. blessedistruth Says:

    The reform bill, one of President Barack Obama’s top domestic priorities, is awaiting passage by the Senate. Should it pass, the bill would have to be merged with the House’s version approved last year, then it would have passed again by both houses before Obama can sign it.Gregg has voiced his opposition to the bill, but has been named as a GOPer who could cross the aisle and back the legislation.Senate Majority Leader Harry Reid (D-Nev.) could bring the bill to the floor this week, but Gregg echoed Republican calls to push the bill back and continue bipartisan negotiations.

    The hill

    Judd Gregg on fox news this morning

    Dodd bill is a one party bill wrapped in a populist cloak

  10. blessedistruth Says:

    eight years?


    DAVID GREGORY: Finally, before I let you go, as I mentioned it was tax day. You also saw these tea party rallies around the country. And it seems that their biggest grievance, those who show up to these rallies, have to do with taxes, with government spending, with the size of the deficit. How serious do you take those concerns? How viable a political force do you consider–


    DAVID GREGORY: –the Tea Party to be?

    TIMOTHY GEITHNER: –let me– let me do the positive side of this. Okay? We’ve– just been through eight years where people said– many people said, “Deficits don’t matter. We can– we can pass huge tax cuts, pass huge new programs without paying for them.” That debate has changed fundamentally.

    Now you don’t hear people say anymore, “Deficits don’t matter.” You don’t hear people saying that we can pass enormously– enormous expansion of government without paying for it. That’s an important change. I think all Americans understand that our deficits are unsustainable. And I think that’ll be helpful as we move to try to make the hard choices to bring them down again.


    “eight years”

    That’s code word for it’s all Bush’s fault.

    When Obama was fighting Hillary Clinton for Dem nomination, he used to say “sixteen years.”

    That was code word for it’s all Clinton and Bush’s fault.

    “You don’t hear people saying that we can pass enormously– enormous expansion of government without paying for it.”

    I thought I saw Geithner’s nose get even longer than it already is when he said this.

    Truth be told, if Obama were running the kind of deficits that both Clinton and Bush did for sixteen years, Americans wouldn’t be so worried.

    In terms of percent of GDP.

    I don’t get this logic.

    Balloon the deficit worse than your predecessors ever did. Then blame your predecessors for what you “inherited” and let Bush tax cuts expire.

    And then cry tax cuts are not the answer. We have to raise taxes.

    No wonder Americans are so angry.

  11. blessedistruth Says:


    Pethokoukis on obama and the Vat attack

  12. blessedistruth Says:

    Dick Morris has been really good on this lately


    HANNITY: You say there’s no way — what you say is, Obama has dug us so deeply into debt there is only one way out, and you say it’s inflation.

    MORRIS: Well, the other way is tax cuts but he’s not about to do that. But look at the stat, these are tables I took out of the book. On September 10, 2008 the money supply was $875 billion. On December 2, ’09, it was $2.1 trillion.

    You can’t have an increase like that without unbelievable inflation.

    And then there’s the issue of the deficit. In 2008 the deficit was 3.2 percent of our GDP. Now it’s 12.9 percent of our GDP. In one year it went from four percent to 12 percent of our economy.

    What that — now right now we’re getting the deficit at a bargain basement rate. We’re like the subprime borrowers because we’re printing our own money so we can borrow it back and just pay three percent.

    HANNITY: And China is buying up all our debt.

    MORRIS: Not yet China. What’s going on now is — going to a bank, and saying, “Hey, Sean, do you have any mortgage backed securities in your vault?” And you say, “Mortgage backed securities, I’m wallpapering with it.”

    Well, “Can I pay you 100 million bucks and get your securities?” And you say, “Of course. Here it is.” Then the Treasury comes by and says, “Hey, Hannity, do you have $100 million you can lend me?” And you say, “Yes, a moron just gave me $100 million. What rate you’ll give me?” And I’ll say, “Three percent.” You say sure.

    But now they are no longer printing the money. They’ve stopped at this month. What that means is they’re going to have to start paying China and Japan and Americans seven or eight percent interest.

    HANNITY: We —

    MORRIS: Wait a second. What that means is, that out of the $4 trillion federal budget, one trillion of it, a quarter of it, will have to go to pay the interest on the debt. The total take of the personal income tax in the United States, of all 300 million combined, is 900 billion.

    We’ll pay one trillion just in debt service. We are like the couple that has to sign their paycheck over to the mortgage company.

  13. blessedistruth Says:

    I posted this 03 25 09


    I’ll try to find something more recent.

  14. blessedistruth Says:

    The inherited deficits fallacy


    4 November 2009

    In early January CBO estimated [4] a deficit for FY 2009 of 8.3% of GDP.

    Most of that was because of the TARP.

    That 8.3% is a genuinely “inherited” problem that is not President Obama’s “fault.”

    Since January, economic deterioration and policy changes enacted into law by the Obama Administration and the Congress put the FY 2009 deficit at 10% of GDP.

    I don’t know whose fault that additional 1.7% is, but it is the responsibility of the current leadership.

    Similarly, CBO projected that at the end of FY 2009 debt as a share of GDP would slightly exceed 50%.

    CBO projected that, under baseline policies, debt/GDP would climb to 56% by 2019.

    The 50% was inherited and not Team Obama’s “fault.”

    The 56% is unfortunate, but you’re elected to change policy, so fix it if it bugs you.

    How, then, does the Administration explain the proposed increase of debt/GDP to 82% of GDP?

    Director Orszag tries to redefine the baseline so that his inherited future deficit and debt problem look worse, and his boss’ culpability for future deficits and debt looks smaller.

    I disagree with his budget mechanics, but so what?

    Ever since Medicare and Medicaid were created in the 1960’s and Social Security’s indexing formula was changed in the 1970’s, every President has inherited a future deficit problem.

    Each year that problem goes unsolved, the problem gets harder to fix.

    President Obama is no different.

    Complaining about future problems but not proposing solutions just looks whiny.

    Suck it up.

    Each President has the ability to propose changes and fix the problem.

    Director Orszag focuses on the deficit-increasing policies of the Bush Administration, but ignores the President’s attempt to slow the growth of Social Security spending, his proposed Medicare reforms, or the Medicaid savings the Obama Administration undid in the stimulus bill earlier this year.

    He ignores President Bush’s veto of an out-of-control farm bill (passed in a Republican-majority Congress), his attempt to restrain obscene Congressional highway spending desires, and his unpopular but principled vetoes of two S-CHIP bills because they spent $12 B too much.

    Think about that: in late 2007 and early 2008 we were fighting about $12 B of spending.

  15. blessedistruth Says:

    “FY 2009 deficit at 10% of GDP”

    I thought FY 2009 came in at 12.9 %

    Maybe FY 2010 projection?

    Not sure.

    I used to be on top of these things.

  16. blessedistruth Says:


    Chalk up another set of economic data under the category of

    “information most informed people knew a long time ago, but that will really upset the Teabaggers,”

    because the Congressional Budget Office (CBO) released its Monthly Budget Review (MBR) for March, and, oh boy, are there some ugly numbers in there.

    With the end of March, CBO has data on the first six months of the fiscal year, and so far, the federal government has run up a $714 billion deficit.

    These numbers are in line with forecasts of a roughly $1.4 trillion deficit for the fiscal year.

    The other bad number is that revenues are down for the government from this time last year by 4 percent, which continues to exacerbate the deficit.

    (Of course, the implication is “teabaggers” are uninformed. I don’t think so!)

  17. blessedistruth Says:

    The U.S. budget deficit is even worse than you think

    Aug 25, 2009


    Aug 25, 2009
    2:53 pm

    Debt as a percentage of GDP

    2008 70.2%
    2009 90.4%

    US Federal Deficit As Percent Of GDP

    2008 3.2%
    2009 12.9%


    Posted by Rong

    (I think what happened is FY 2009 was projected at 12.9 % but actually came in at 9.9 %)

    will keep digging

  18. blessedistruth Says:


    The Congressional Budget Office (CBO) projects that if current laws and policies remained unchanged, the federal budget would show a deficit of about $1.3 trillion for fiscal year 2010 (see Summary Table 1).

    At 9.2 percent of gross domestic product (GDP), that deficit would be slightly smaller than the shortfall of 9.9 percent of GDP ($1.4 trillion) posted in 2009.

    Last year’s deficit was the largest as a share of GDP since the end of World War II, and the deficit expected for 2010 would be the second largest.

    Moreover, if legislation is enacted in the next several months that either boosts spending or reduces revenues, the 2010 deficit could equal or exceed last year’s shortfall.

    FY 2008 3.2

    FY 2009 9.9

    FY 2010 9.2

    FY 2011 to FY 2019 who knows?

  19. blessedistruth Says:

    Under current law, the federal fiscal outlook beyond this year is daunting:

    Projected deficits average about $600 billion per year over the 2011 2020 period.

    As a share of GDP, deficits drop markedly in the next few years but remain high —

    at 6.5 percent of GDP in 2011 and

    4.1 percent in 2012,

    the first full fiscal year after certain tax provisions originally enacted in 2001, 2003, and 2009 are scheduled to expire.

    Thereafter, deficits are projected to range between 2.6 percent and 3.2 percent of GDP through 2020.

    (IMO highly unlikely!)

    Those accumulating deficits will push federal debt held by the public to significantly higher levels.

    At the end of 2009, debt held by the public was $7.5 trillion, or 53 percent of GDP;

    by the end of 2020, debt is projected to climb to $15 trillion, or 67 percent of GDP.

    With such a large increase in debt, plus an expected increase in interest rates as the economic recovery strengthens, interest payments on the debt are poised to skyrocket.

    CBO projects that the government’ s annual spending on net interest will more than triple between 2010 and 2020 in nominal terms,

    from $207 billion to $723 billion (probably more like a trillion, just to service the debt)

    Moreover, CBO’ s baseline projections understate the budget deficits that would arise under many observers’ interpretation of current policy, as opposed to current law.

    (i.e., we don’t know what the heck is gonna happen!)

  20. blessedistruth Says:

    I finally found the website I used to frequent:

    http://www.usgovernmentspending.com/downchart_gs.php?year=1990_2011&view=1&expand=&units=p&fy=fy11&chart=G0-fed&bar=0&stack=1&size=m&title=Federal Deficit As Pct GDP&state=US&color=c&local=s

    Federal Deficit As Pct GDP
    Fiscal Years 1990 to 2011 Year GDP-US

    $ billion Federal Deficit -fed
    pct GDP

    1990 5800.5 3.81 a
    1991 5992.1 4.49 a
    1992 6342.3 4.58 a
    1993 6667.4 3.83 a
    1994 7085.2 2.87 a
    1995 7414.7 2.21 a
    1996 7838.5 1.37 a
    1997 8332.4 0.26 a
    1998 8793.5 -0.79 a
    1999 9353.5 -1.34 a
    2000 9951.5 -2.37 a
    2001 10286.2 -1.25 a
    2002 10642.3 1.48 a
    2003 11142.1 3.39 a
    2004 11867.8 3.48 a
    2005 12638.4 2.52 a
    2006 13398.9 1.85 a
    2007 14077.6 1.14 a
    2008 14441.4 3.18 a
    2009 14258.2 9.91 a
    2010 14623.9 10.64 b
    2011 15299 8.28 b


    a – actual reported
    b – budgeted estimate in US fy11 budget

  21. blessedistruth Says:

    The problem is we’re not growing the pie.

    If revenues were higher, these deficits would not be as problematic.

    Any family in America can tell you that.

    How to grow the economy?

    Across the board tax cuts.

    Obama would rather let tax cuts expire and raise your taxes.

    Business men and women are sitting on the sidelines, waiting Obama out.

    That’s what happened with Roosevelt, who prolonged the Great Depression.

  22. blessedistruth Says:

    04 19 2010

    Tarja Turunen Playlist


  23. blessedistruth Says:

    04 19 2010

    Les Claypool Playlist


  24. blessedistruth Says:

    Actress’ mission to teach kids about the Constitution

  25. blessedistruth Says:


    I find mara liasson to be one of the most honest commentators on the center left

    So I’m always interested in what she has to say

  26. blessedistruth Says:

    Of course, the president’s conservative critics would argue that Obama might be able to increase trust in government if his government weren’t trying to do so much.

    Mara liasson

    Yes exactly

    Too much too fast too far to the left

    The pendulum swung

    But it didn’t swing that far

  27. blessedistruth Says:

    David Dayen


    Sometimes he lets his emotions get the better of him, but most of the time he’s just a good reporter.

    I think it’s a good idea to always see where the opposition is coming from.

    I find myself going back again and again to see what David Dayen is up to.

  28. blessedistruth Says:

    Dead Can Dance Playlist


  29. blessedistruth Says:

    3 tracks missing from dead can dance playlist




  30. blessedistruth Says:

  31. blessedistruth Says:

  32. blessedistruth Says:


  33. blessedistruth Says:

    You know, I really have lost faith with my elders.

    But this generation?!

    I think we’re gonna be okay.

    I’m pretty sure we’re gonna be okay.


  34. sisterrosetta Says:

    this is about the worst possible day for a Goldman Sachs earnings report to show a 91% profit increase in the first quarter. Much of this money comes from the kind of naked derivatives trading

    David dayen

  35. blessedistruth Says:

    Although they did not provide a cost estimate, McCain said he and Kyl would seek increased appropriations and indicated that funding could be found by shifting money from “unneeded and unnecessary programs,” which he did not specify. Their plan calls for deploying National Guard troops to the Arizona-Mexico border until the state governor certifies that the federal government has achieved operational control of the border. Former President George W. Bush deployed 6,000 National Guard troops to the Southwest border over two years, costing an estimated $770 million. The plan calls for permanently adding 3,000 Customs and Border Protection agents to the Arizona-Mexico border by 2015, a move that would include training and equipment costs. And the plan calls for the federal government to provide $100 million for Operation Stonegarden, which allocates grants to local law enforcement for personnel and training costs associated with stopping illegal immigration and drug smuggling along the border. McCain and Kyl want the Obama administration to substantially increase the number of mobile surveillance systems and Predator B unmanned aerial vehicles used in Arizona, including running UAV operations “24 hours a day seven days a week.” The administration should send more fixed-wing aircraft and helicopters to the border, but the senators did not specify how many. And the plan calls on the federal government to reimburse state and local governments for the full cost of incarcerating illegal immigrants who have committed crimes — a move that would likely come with a price tag of nearly $1 billion.

    Government executive

  36. blessedistruth Says:


    New az immigration law awaits governor signature

  37. blessedistruth Says:


    Az birther bill

  38. blessedistruth Says:

    It would require U.S. presidential candidates who want to appear on the ballot in Arizona to submit documents proving they meet the constitutional requirements to be president. 

    Someone said if this actually becomes law

    Then az will become the laughing stock of our republic

    Yeah that’s what I’m gonna say the next time I’m required to provide a copy of my long form bc

    Whatever is on bho long form must be a doozy!

  39. blessedistruth Says:


    Lakin on with liddy

  40. blessedistruth Says:

    I still maintain even if obama not dejure cic

    He is defacto cic

    But what the heck do I know?!

  41. blessedistruth Says:

    Oh this was great! Did you see this?! I saw it 2AM Pacific time.

    But, let me speak directly to Jon Stewart for a couple of seconds. I know he watches. He is a big fan of the show.

    Jon, if you have an ounce of introspection. you may want to take this seriously.

    If you just want to be a funny man, who talks to an audience that will laugh at anything you say, that’s okay with me, no problem.

    But if clearly you want to be a social commentator, more than just a comedian and if you want to be a good one, you better find some guts because even though you criticize liberals as well as conservatives, congratulations on that, when you had Frank Rich on your show, who generalizes all the time about conservatives and Republicans being bigots, you didn’t ask him a single tough question.

    You gave him a lap dance.

    You practically had your tongue down his throat.

    And how about those black columnists who play the race card and generalize about tea party people being racist?

    Why don’t you go after them by name and do it with the same passion and gusto that you use when you are going after Fox people?

    How about Bill Maher?

    Bill Maher generalizes about people who go to church being a bunch of dopes.

    Is there some rule that says a comic can’t go after another comic?

    Here is my it final word, Jon, you can do whatever you want.

    If you don’t do that guess what?

    You are not nearly as edgy as you think you are.

    You are just a safe, Jay Leno with a much smaller audience, but you get to say the f bomb, which gives your incredibly unsophisticated audience …

    (I especially despise Frank Rich. I think he does a lot of damage.)



  42. blessedistruth Says:

    3 TBTF loopholes in the Dodd bill


  43. blessedistruth Says:

    Mark Steyn on being modest, modish and cool



    HH: Let’s look across the Atlantic to what is a first in history debate between a prime minister and the two contenders for his job, with an election coming up in about three and a half weeks.

    It was not broadcast anywhere I could find it, Mark Steyn.

    Were you able to watch any kind of feed of the big debate today?

    MS: No, I wasn’t able, I wasn’t able to see it, and as you say, it is an historic thing in British terms.

    Other commonwealth countries, Australia for example, have gone in for American-style leader debates.

    I think one would have to say that Gordon Brown really ought to be losing by a far greater margin than he is at the moment in the British campaign.

    He’s not liked.

    He’s never been liked, not even in the way that Tony Blair was liked in the early years.

    He is presiding over an economic crisis that is far more severe in Britain than it is in the United States.

    And yet, and yet, the Tories don’t seem to be able to close the deal on this,

    and that, I think, is a reflection on the sort of rather squishy, faint-hearted campaign they’ve fought.

    HH: Is it David Cameron, or is it a party as a whole problem?

    MS: Well, you know, David Cameron has kind of remade the party in his image.

    And he is, I think, an almost irredeemably shallow man.

    He does not seem, to me, to have any roots in particular, in any particular political philosophy.

    He seems to be, his background is in kind of public relations marketing, and he seems to live up to all the clichés people have, of people whose only professional experience is in that world.

    But I would, I think the issue here is whether Gordon Brown has done enough to lose the election for Labour,

    because if the Conservatives can’t win in these conditions, and they, and even if they only win a minority government in a hung parliament,

    I man, that’s an appalling reflection, I think, on this so-called charismatic leader.

    Don’t forget, a lot of my conservative friends over here like David Frum, think that Republicans need to be more like David Cameron.

    If David Cameron cannot win convincingly in this situation, there’s certainly no reason for Republicans to emulate him.

    HH: Excellent, excellent point.

  44. blessedistruth Says:

    Rasmussen Obama Approval

    49% — 50%

    Too close for comfort!

  45. blessedistruth Says:

    Financial Overhaul May Be Bipartisan, Gregg Says


    “I hope we’ll do a negotiated compromise because there’s not really a big partisan divide here,” Gregg told Bloomberg Radio’s “Bloomberg Surveillance” today. “It’s just a question of getting it right.”

    Gregg said he’s working with Senator Jack Reed, a Rhode Island Democrat, on a proposal to regulate the derivatives industry. He said lawmakers need to be guard against placing too many restrictions on derivatives and other parts of the financial industry.

    The Senate must be careful that “we don’t overreact in a way that forces assets off shore,” Gregg said. He also said developing regulations so that companies don’t grow “too big to fail” is important.

    Gregg said he found it “a little disconcerting” that the Securities and Exchange Commission in an April 16 lawsuit accused Goldman Sachs Group Inc. of misleading investors in 2007 as the Senate is scheduled to debate the financial measure.

    The SEC’s decision to move forward on a partisan 3-2 vote was “strange,” Gregg said.

    With such a close vote, “I was a little surprised there wasn’t a little more negotiation on how you resolve it prior to the action being brought,” he said.

  46. blessedistruth Says:

    Paul Ryan Video:


    (I’m crazy about him!)

  47. blessedistruth Says:

    Rep Ryan says Dodd bill worse than status quo.

    Highly recommend CNBC video.

  48. blessedistruth Says:

    Paul Ryan: Class warfare makes good politics, but terrible economics



  49. blessedistruth Says:

    The Canadian Example


    Most relevant, perhaps, is Canada, which cut federal government spending by about 20 percent from 1992 to 1997.

    The Liberal Party, headed by Jean Chrétien as prime minister and Paul Martin as finance minister, led most of this shift.

    Prompted by the financial debacle in Mexico, Canadian leaders had the courage and the foresight to make those spending cuts before a fiscal crisis was upon them …

    Counterintuitively, the relatively strong Canadian trust in government may have paved the way for government spending cuts, a pattern that also appears in Scandinavia.

    Citizens were told by their government leadership that such cuts were necessary and, to some extent, they trusted the messenger.

    As you may recall from my recent post on the politics of a V.A.T., Chretien and Martin’s Liberals assumed power in the wake of the self-immolation of Brian Mulroney’s Progressive Conservative Party, which was reduced to just two (!) seats in the Canadian Parliament in the 1993 election, shortly after Mulroney pushed through a hugely unpopular consumption tax.

    On the way to their 1993 victory, the Liberals promised to repeal the tax; once in office, though, they first reneged on that promise, and then proceeded to embark on the stringent program of fiscal discipline that Cowen describes.

    In other words, Canada’s budget was balanced because a right-of-center party passed a V.A.T., whose massive unpopularity helped elect a large left-of-center majority, which then used its newfound power to make drastic spending cuts.

    (I don’t care which party does it or what scenario. We need drastic government spending cuts. One reason for the trust deficit is the increase in the size of the public sector, maybe the major reason.)

  50. blessedistruth Says:

    The Obama Budget Plan: Taxes and Rationing


    Critical Condition’s James Capretta predicts how Democrats might try to close the federal budget gap in the next few years.

    Capretta writes:

    Look at the recently enacted health-care bill. It includes large cuts in Medicare’s payments to hospitals, nursing homes, and others.

    These cuts aren’t calibrated based on quality or efficiency. They are across-the-board cuts hitting every service provider.

    And the bill also stands up a new independent board that is charged with essentially enforcing a cap on overall Medicare spending beginning in 2015.

    But the only changes in Medicare the board can recommend to stay within the cap are more reductions in provider-payment rates.

    The board can’t touch the Medicare benefit, much less propose a [Congressman Paul] Ryan-style move toward more choice and market competition.

    No, the only option is more and deeper price controls.”

  51. blessedistruth Says:

    After playing Black Crow, Joni explains the meaning of “Hejira”.

  52. blessedistruth Says:

    New Thread:


  53. blessedistruth Says:


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