Now that President Obama has been sworn in for a second term as the President of the United States, gear up for another fight between the President and Congress over the debt ceiling.
It’s not, as the Republicans or Fox News would have you believe, a means to limit future spending. The debt ceiling caps the total debt that the US Government can have in order to pay bills already incurred. It’s not like the limit on your credit card but the extent of money on the line of credit you use solely to pay your credit card.
To help you learn what the debt ceiling is actually about and to explain Congress’ role in the budget and debt ceiling fights, we found this handy video for you to watch. Continue reading
To show that we don’t always take months between podcasts, here’s another episode of The Lowdown BlogCast. This edition starts on a serious note as Steve and Jackie talk about the colossal failure that is the solution to the US Debt Crisis. They then debut the new Lowdown Pub Quiz in which Steve and Jackie compete in a battle of inferior intellect. (Well, at least in Steve’s case.) Hockey talk starts up with a quick analysis of the Winnipeg Jets’ new logos. The boys look at Philadelphia’s “Dry Island” policy that allegedly led to Mike Richards and Jeff Carter getting traded and what say should have in their players’ personal lives. Entertainment features Lights as Jackie’s single of the week and a throwback to the guys’ childhoods in It Came From YouTube. Lights also leads the boys to look at the schedule for UWO’s 2011 O-Week and how it’s changed since their O-Week in 2005. They talk about film nudity after news came out that Olivia Wilde’s nudity in The Change Up was CGI’d in. Entertainment wraps up with a discussion of the upcoming Battleship movie and director Peter Berg’s credits. The show wraps up with the return of the Car Wall as the boys break down another website’s list of eight cars guaranteed to pick up women and determine that it’s catastrophically wrong. In total, we have over two hours of great Lowdown action.
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You ever write something and think, “this seems controversial for the sake of controversy but this is actually what I think?” If you said yes, then you’ll get where I’m coming from in this week’s Humanoids. I wrote the first two parts of this column and immediately thought about pulling them because I thought I went too far in trying to say that Western society’s priorities are very wrong. But here we are with an uncut column. I know I’m asking for trouble but I’m not trolling here. There’s a reason why censors are nervous around here. Continue reading