Author Archives: SkOw4Liberty

04.29.13
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US News: 5 Critical Budgeting Mistakes to Avoid

While there’s no simple formula for creating a household budget, there are some basic guidelines you can follow to maintain a realistic and accurate monthly spending plan. If you’re tired of worrying about money—or just can’t seem to meet your savings goals—you’ll want to design a budget that accommodates your lifestyle. Avoiding these common budgeting mistakes will make it easier to keep your finances in check and stress less about money matters each month:

1. Setting budget that’s too rigid. Most of your expenses likely fluctuate from month to month, so avoid making the mistake of setting a budget that’s too strict. For instance, you might spend more over Fourth of July weekend or during the winter holiday season. An inflexible budget will not only make it difficult to save money but could inhibit your ability to maintain an accurate perspective on your finances. Consequently, it’s crucial to leave some room to accommodate for unforeseen expenses.

2. Leaving savings out of the equation. Ideally, you want to include a savings contribution as a monthly expense in your budget. Many personal finance experts recommend using an automated savings approach to get in the habit of socking money away every month and help you resist the urge to blow cash on discretionary expenses.

3. Waiting until the end of the month to review receipts and expenditures. Tracking your spending is essential for sticking to a budget. If you’re not making mindful decisions about your spending because you’re waiting until the end of the month to log expenditures and review your spending habits, it’s easier to go over your budget. Tracking your expenditures on a weekly basis can help you keep better tabs on where your money is going. In addition, logging a receipt on the same day of a purchase can help ensure you’re not spending more than you planned to.

4. Inaccurately accounting for regular expenses. Unless you prepay or have set up a separate account to take care of property taxes, car insurance or other regular monthly expenses, your budget may not be accurate. Consider the typical cost of these monthly expenses and incorporate them into your budget. Knowing how much money goes out each month for necessary expenses will give you a better idea of how much it costs to maintain your lifestyle.

5. Making things too complicated. You don’t need to create an elaborate system or use special budgeting tools to develop a realistic spending plan. Simplify your household budget as much as possible so you can easily keep a running total of your expenses next to your monthly budget and have the freedom to update and adjust your budget regularly.

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Well those are some great tips now aren’t they?  If only a certain North American government could budget like that.  Click Below for the full article.

http://money.usnews.com/money/blogs/my-money/2013/04/29/5-critical-budgeting-mistakes-to-avoid

04.29.13
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The Week: Is the government stockpiling ammo to thwart gun owners?

A huge purchase of bullets by the Department of Homeland Security is giving conspiracy theorists fresh ammunition.
In February, the Associated Press reported that DHS wanted to buy some 1.6 billion rounds of ammunition over the next few years. While the department contends the purchase and other similar buys are standard procedure, the timing of that report, coming amid a then-raging gun debate in Washington, led some to fret that the government was stockpiling ammo for possibly nefarious purposes.

Conspiracy theorists questioned why the government would ever need so much ammo. Were the feds simply wasting taxpayer funds? Or, perhaps, amassing a secret army? Alex Jones’ InfoWars led the charge on this front, running articles with headlines like the not-so-subtle “Homeland Security Buys Enough Ammo for a 7-Year War Against the American People.”

“This ammunition is purchased for the sole purpose of being used in active fighting. At the same time, it is a violation of the Geneva Convention to use hollow point ammunition on the battle field,” that post read. “This is crucial to understand. It means the occupying federal government is acquiring this ammunition to be used against the American people.”

Yet what began as a fringe conspiracy theory has gained momentum over the past two months, finally making it all the way to Congress.

The conspiracies popped up on more mainstream Republican-leaning outlets like Fox News and the Daily Caller, albeit typically in a less alarmist vein. Then last week, two Republican lawmakers, Reps. Jim Jordan (Ohio) and Jason Chaffetz (Utah), lent the conspiracies more credibility, holding a joint hearing to demand answers. And though he stopped short of fully embracing the “secret army” theory, Rep. Jeff Duncan (R-S.C.) said in a separate hearing that the rampant theorizing had reached a point where “the numbers cease to become Internet rumors and they start having some credibility.”

Other lawmakers posited a slightly different theory: The government, uncertain whether new gun laws would prevail in Congress, had authorized the purchases to remove ammo from shelves. If the government couldn’t take away guns, it would just take away ammo instead, the theory went.

In response, Sen. Jim Inhofe (R-Okla.) and Rep. Frank Lucas (R-Okla.) introduced legislation in both chambers of Congress last week that would place limits on DHS’ ammo-buying capacity.

“President Obama has been adamant about curbing law-abiding Americans’ access and opportunities to exercise their Second Amendment rights,” said Inhofe. “One way the Obama administration is able to do this is by limiting what’s available in the market with federal agencies purchasing unnecessary stockpiles of ammunition.”

Called the Ammunition Management for More Obtainability Act of 2013 (AMMO), the legislation would require the government to report on its ammo reserves, and prevent it from making additional purchases past a certain threshold.

On Monday, Inhofe reiterated his concern in a radio interview with Laura Ingraham.

“We just denied everything that this president and the vice president are trying to do,” he said. “So what are they going to do if they want to, if they want to violate our Second Amendment rights? Do it with ammo.”

Homeland Security has more or less laughed off the suggestions. Secretary of Homeland Security Janet Napolitano said the department “found it so inherently unbelievable that those statements would be made it was hard to ascribe credibility to them.”

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Click below for the full article.

http://theweek.com/article/index/243436/is-the-government-stockpiling-ammo-to-thwart-gun-owners#

04.29.13
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The Week: Senate Democrats are still clueless on gun control

Sen. Joe Manchin (D-W.V.) is still pushing for expanded background checks. That's not enough for some Democrats.

Apparently, a group of senators is “quietly seeking a new path on gun control.” Or at least, they were quietly doing so until The New York Times wrote about the once-covert effort. Now, of course, the efforts are less quiet.

Sen. Joe Manchin (D-W.Va.) is reportedly back talking to Sen. Pat Toomey (R-Pa.) about how they might attract more support for a bill expanding the current background check system. The two senators, it seems, are focused on background checks and background checks alone, a move I think wise given the widespread view that such a measure is entirely appropriate.

Unfortunately, the Times also detailed a push being lead by Sen. Kirsten Gillibrand (D-N.Y.) to revise or expand penalties for firearms trafficking offenses. Now, federal prosecutors really do not need more tools to prosecute individuals they catch trafficking in illegal weapons, but of course, no United States senator has ever gone hungry by being “tough on crime.” And yet… the mere fact that Gillibrand is pushing for more gun regulations at the same time Toomey and Manchin are trying to revive background checks shows that Senate Democrats learned little from their last gun-control fiasco. Furthermore, Gillibrand’s stated reason for pursuing the new law might well be the poster child for the sort of reasoning that keeps gun rights enthusiasts paranoid and the NRA fully funded.

Gillibrand’s quote in the Times is simple, and its logic is straightforward. Asked why she we need stricter trafficking laws, the junior senator from New York explained that “I think trafficking can be the base of the bill, the rock on which everything else stands. I also think it’s complementary to background checks because, let’s be honest, criminals aren’t going to buy a gun and go through a background check. So if you really want to go after criminals, you have to have to do both.”

The most ardent gun rights advocates literally stay up at night worrying that each gun regulation they allow to pass could be the one that sets off the avalanche that turns this nation into some sort of gun-outlawing regulatory hell. This group of people is naturally suspicious of arguments for “commonsense” gun control, not so much because they really think that their gun rights would be in any sense compromised by the recently defeated revisions to the existing background check regime, but rather because they do not think that the advocates for the aforementioned regime will be content to stop once background checks are in place.

Many of these pro-gun individuals would be fine with background checks. But they fear, with some reason, that if they concede on background checks today, then the next time some madman gets a firearm and kills 30 people, the same proponents of background checks will be harnessing public outrage by turning the families of the victims into lobbyists for what they will undoubtedly label “commonsense” reform that decent American couldn’t possibly oppose. For that reason, the position of many gun rights advocates is that they prefer to defend their right to “keep and bear arms” from the Rhine so they will never be forced to do so from the Rubicon.

Even crazy-sounding theories occasionally appear to have at least a tiny basis in reality. Indeed, from time to time, gun regulation proponents appear to push for stricter gun laws irrespective of whether or not particular proposals actually make anyone safer. The fact that President Obama allowed Sen. Dianne Feinstein to push him into calling for a renewal of the assault weapons ban — despite the fact that virtually every non-partisan group that has studied the AWB found that it had virtually no impact on violent crime rates — suggests that at least a few powerful people are more interested in restricting gun rights than they are in actually curbing violent crime. Indeed, the president dramatically weakened the chances of getting background checks approved by attaching it to a push for the AWB, thereby allowing groups like the NRA to, I think unfairly, imply that the president’s motive for pushing reform was more anti-gun than anti-violence.

Which brings us back to Gillibrand and the renewed push for reform. Consider the New Yorker’s stated logic for pursuing tighter gun trafficking laws: Criminals will not buy guns through a complete background check regime, so if we manage to pass that, we also need to pass a another criminal statute relating to the possession, movement, and distribution of firearms. Here’s what every gun person wonders when they read Gillibrand’s statement: “Wait, I thought the whole point of background checks is to keep guns away from criminals… Is she saying that if it works, then we need another law?”

I want background checks to pass, but I hold out little hope that they will. And if they have any chance at all, it will be as a standalone measure not packaged with any other proposals. Senate Democrats need to wake up and stop making the perfect the enemy of the good.

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Click below to read the article on The Week website.

http://theweek.com/article/index/243396/senate-democrats-are-still-clueless-on-gun-control

04.29.13
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Yahoo News: PROMISES, PROMISES: Social Security pledge at risk

<p> FILE - In this July 15, 2011, file photo, members of Progressive Change Campaign Committee upset over potential cuts to Medicare, Medicaid and Social Security walk to President Barack Obama's campaign headquarters in Chicago, to deliver 200,000 signatures from people who are refusing to donate or volunteer for his re-election campaign if Obama cuts entitlement programs. As the population gets older, Social Security, Medicare and Medicaid are eating up more and more of the federal budget, squeezing the ability of the government to pay for other programs. Today, the three massive benefit programs account for 44 percent of federal spending. Left unchanged, they will account for more than 60 percent in 25 years, according to the Congressional Budget Office. (AP Photo/David Banks, File)

The issue:

As the population gets older, Social Security, Medicare and Medicaid are eating up more and more of the federal budget, squeezing the ability of the government to pay for other programs. Today, the three massive benefit programs account for 44 percent of federal spending. Left unchanged, they will account for more than 60 percent in 25 years, according to the Congressional Budget Office.

Unless Congress acts, the trust fund that supports Social Security is projected to run out of money in 2033. At that point, the retirement and disability program would collect only enough in payroll taxes to pay about 75 percent of benefits.

Medicare’s hospital insurance fund is in worse shape. It is projected to run out of money in 2024. At that point, it would only be able to pay 87 percent of costs, according to projections by the trustees who oversee Medicare and Social Security.

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The campaign promise:

Obama rarely mentioned Social Security during his 2012 re-election campaign. Four years earlier, he was more forthcoming.

In a 2008 speech to AARP: “John McCain’s campaign has suggested that the best answer for the growing pressures on Social Security might be to cut cost-of-living adjustments or raise the retirement age. Let me be clear: I will not do either.”

On Medicare, Obama told the Democratic convention on Sept. 6, 2012: “Yes, we will reform and strengthen Medicare for the long haul, but we’ll do it by reducing the cost of health care, not by asking seniors to pay thousands of dollars more.”

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The prospects:

Obama has already offered to break part of his 2008 pledge on Social Security. Twice in negotiations with GOP leaders, he agreed to adopt a new measure of inflation that would result in smaller cost-of-living adjustments, or COLAs, for Social Security recipients. Both deals fell apart. But now Obama has put forward the idea in his own proposed federal budget. If adopted, it would gradually trim benefit increases in Social Security, Medicare and other programs while raising taxes.

His proposed changes, once phased in, would mean a cut in Social Security benefits of nearly $1,000 a year for an average 85-year-old, $560 for a 75-year-old and $136 for a 65-year-old.

Obama and Republican leaders in Congress have held off-and-on talks about possible changes to entitlement programs since 2011, as part of their efforts to reduce government borrowing. But a deal remains elusive. Republicans insist any agreement must include deep spending cuts, while Obama says any deal must include more tax revenue. And many Democrats in Congress are protective of the entitlement programs that Obama now is willing to touch.

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Click below for the full article.

http://news.yahoo.com/promises-promises-social-security-pledge-173052710.html

04.29.13
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Motley Fool: The Contractors that Will Thrive in the Era of Defense Cutbacks

The United States has ended its wars in Iraq and Afghanistan. And the government is now enacting major cuts in defense spending. As a result, some of the biggest defense contractors now have reasons to be worried. There is less money for contractors but more competition for a smaller pool of money.

Companies that draw a lot of revenue from government contracting such as Lockheed Martin (NYSE: LMT) must adjust. Lockheed currently gets over 80% of its revenue from defense contracts and its biggest contract is an $3.48 billion aircraft contract. However, defense spending is shifting away from traditional military hardware to cyber-security and drones. President Obama is boosting the Pentagon’s spending on cyber-security 21% this year, to $4.7 billion. The government plans to spend a total of $13 billion on cyber-security in 2013.

As a result, companies that are positioned to supply the government with cyber-warfare technology and consulting will do well. SAIC (NYSE: SAI), which is planning to spin its information technology services division off from its other businesses, is one example. Another is Booz Allen Hamilton (NYSE: BAH), one of the top firms for defense cyber-security contracting and the company that just got an $11 billion Homeland Security contract.

Unmanned drones are another field that is expanding as traditional warfare contracts dry up. Northrop Grumman (NYSE: NOC) can expect to benefit from this trend. Northrop continues to win contracts related to drones, including a $434 million support contract for its Global Hawk long-endurance drone and a $37 million engineering contract for the Hunter surveillance drone.

Others contractors aren’t holding their breath as the government focuses spending on protecting its computer networks and unmanned aerial vehicles. General Dynamics (NYSE: GD) gets almost two thirds of its revenue from U.S. government contracts. But it hopes to make up the expected gap in future defense earnings through its Gulfstream division which is performing well, especially in Asia.

All of these companies are now going to be fighting for government contracts that are smaller in size and focused on a different type of war. While Lockheed Martin is a necessity for supplying military hardware, it’s hard to see it growing in this new environment. Its business is too dependent on traditional warfare. They will need to start pivoting away from this in order to succeed.

SAIC could do well, especially when it completes its computer services spinoff — keep a very close eye on them. Booz Allen Hamilton is the company that probably has the best prospects of all the contractors here. Its focus on consulting has lower overhead and higher margins than other government-focused business. Plus, the cyber-security focus that it has is in very high demand right now.

Northrop Grumman will do well with its drone expertise, as its early development in this space will pay off enormously. General Dynamics, which is trying to compete in the drone space, has been touting its Gulfstream division, but its backlog for planes has been decreasing. The obvious truth is that it is going to win less government money than it did in the past and has not come up with a contingency plan yet.

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Click below for the full article.

http://beta.fool.com/dcawrey/2013/04/28/the-companies-that-will-thrive-in-the-era-of-defen/32154/?source=eogyholnk0000001

04.29.13
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Reuters: PRECIOUS-Gold rises 1 percent, holds near one-week high

Gold bars and granules are pictured at the Austrian Gold and Silver Separating Plant 'Oegussa' in Vienna October 23, 2012. REUTERS/Heinz-Peter Bader

Gold rose more than 1 percent on Monday and held near its highest in more than a week, as a rebound in prices from multi-year lows failed to damp investor appetite for the precious metal, causing a shortage in physical supply.

Recent bleak U.S. growth data that raised hopes the Federal Reserve would keep its current pace of bond buying at $85 billion a month also supported gold, widely seen as a hedge against inflation.

U.S. gold futures, which often provide trading cues to cash gold, hit a high of $1,472.20 an ounce. By 0553 GMT, prices stood at $1,468.90 an ounce, up $15.30. Spot gold rose $6.70 to $1,469.20 an ounce.

Both cash gold and futures sank to around $1,321 on April 16, their lowest in more than two years, after a drop below $1,500 sparked a sell-off that prompted investors to slash holdings of exchange-traded funds. They touched an 11-day peak above $1,484 on Friday.

“I don’t think gold is out of the woods yet, but there’s room for upward correction. One of the reasons why gold has dropped so much was the strong signs of U.S. economic recovery. Now, we don’t see much of it,” said Joyce Liu, an investment analyst at Phillip Futures in Singapore.

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Click below for the full article.

http://www.reuters.com/article/2013/04/29/markets-precious-idUSL3N0DG04220130429

 

04.28.13
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Huffington Post: TSA Delaying Knives On Planes Policy

Tsa Knives Planes

Airline passengers will have to leave their knives at home after all. And their bats and golf clubs.A policy change scheduled to go into effect this week that would have allowed passengers to carry small knives, bats and other sports equipment onto airliners will be delayed, federal officials said Monday.The delay is necessary to accommodate feedback from an advisory committee made up of aviation industry, consumer, and law enforcement officials, the Transportation Security Administration said in a brief statement. The statement said the delay is temporary, but gave no indication how long it might be.

TSA Administrator John Pistole proposed the policy change last month, saying it would free up the agency to concentrate on protecting against greater threats. TSA screeners confiscate about 2,000 small folding knives from passengers every day.

The proposal immediately drew fierce opposition from flight attendant unions and federal air marshals, who said the knives can be dangerous in the hands of the wrong passengers. Some airlines and members of Congress also urged TSA to reconsider its position.

The delay announced by TSA doesn’t go far enough, a coalition of unions representing 90,000 flight attendants nationwide said Monday.

“All knives should be banned from planes permanently,” the group said in a statement.

Sen. Charles Schumer, D-N.Y., who opposed the policy, said TSA’s decision is an admission “that permitting knives on planes is a bad idea.” He also called for a permanent ban.

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Click below for the full article.

http://www.huffingtonpost.com/2013/04/22/tsa-knives-planes-_n_3135491.html?utm_hp_ref=tsa

04.28.13
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Los Angeles Times: Response to TSA Lawsuit, Public gets chance to comment on TSA’s full-body scanners

TSA agents operate a full-body scanner at San Diego's Lindbergh Field.

Airline passengers have been walking through full-body scanners for nearly five years, but only now are fliers getting a chance to officially tell the federal government what they think about the screening machines.

In response to a lawsuit, the U.S. Court of Appeals for the District of Columbia circuit ruled that the Transportation Security Administration could continue to use the scanners as a primary method of screening passengers. But the court ordered the TSA to give the public a 90-day comment period, which the agency did not do when it launched the scanning program.

The TSA began the comment period online in March, and so far it has been getting an average of 26 comments a day — nearly all of which blast the TSA and the scanners for a variety of reasons.

The most common objection is that the scanners violate the Constitution’s 4th Amendment, which guards against unreasonable search and seizure.

“Screening without probable cause is a violation of the 4th Amendment to the U.S. Constitution,” wrote Russell Yates of Los Angeles.

But in the 2011 ruling, the U.S. Court of Appeals rejected that argument, saying that “screening passengers at an airport is an ‘administrative search’ because the primary goal is not to determine whether any passenger has committed a crime but rather to protect the public from a terrorist attack.”

Other common objections to the scanners say they expose passengers to unsafe levels of radiation and are not effective at stopping terrorists.

“It is scientifically indefensible to irradiate the vast majority of passengers,” wrote Richard Layton of Terre Haute, Ind. The TSA says several studies show the scans pose no significant hazard to passengers.

Finally, several dozen critics said the government doesn’t have the right to take “naked” or “nude” pictures of them to look for hidden weapons.

That may be a moot point. In response to a new federal law, the TSA is expected to remove all scanners that generate what look like naked images of passengers from airports by summer.

Most of those scanners will be replaced by a type of scanner that shows hidden objects projected onto a generic avatar image on a screen — not on a nude-like image of a passenger.

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Click below for the full article.

http://www.latimes.com/business/money/la-fi-mo-comment-on-tsas-fullbody-scanners-20130419,0,7454861.story

04.28.13
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Huffington Post: On the TSA, Could Your Son be Next?

It’s every parent’s worst nightmare. You arrive at the airport to fly home from your family vacation, and something goes wrong — terribly wrong — at the TSA screening area.

It happened to Susan Bruce recently when she flew from Phoenix to Dallas with her husband, teenage son and daughter.

“When we got to security, my son went first in line through the X-ray machine and TSA flagged him for the hand swab test,” she remembers. “While the rest of the family was stuck on the other side of the X-ray machine, my son was pulled aside for supposedly having a positive result for explosives.”

Bruce, who lives in Dallas and is a mathematician by training and a homemaker, is certain it was a misunderstanding. Her son is no terrorist, she says. He’s a clean-cut honor student.

“The air in Phoenix is very dry and we all had put some lotion on our hands that morning — maybe the cause of the result,” she speculates. “Or it may have been fertilizer from the grass he touched. After all, he’s 15.”

But the TSA treated him like Richard Reid’s son.

“All eyes were focused on my son as the rude agents threw accusations at him,” she recalls. “One agent asked him if there was anything sharp in the luggage. His response was, ‘What?’ Keep in mind he is 15, so his Mom packed the luggage. He had no idea what was in each bag.”

The agents were impolite and accusatory. They ordered him to stay away from the luggage while they tested it. He felt as if he’d failed some kind of test.

“He just stood there in shock,” says Bruce.

And that wasn’t the worst of it.

The TSA’s teen problem

The TSA may have figured out what to do with kids under 12 and passengers over 75, allowing those low-risk passengers to go through the screening area without removing their jackets or shoes. But something happens when that 12-year-old turns 13. He or she becomes a high-risk air traveler who’s scanned, prodded and interrogated at the checkpoint. His only crime is coming of age, and from one day to the next becoming part of the feared “terrorist” demographic.

Bruce’s incident is hardly an isolated one. The TSA reportedly botched the pat-down of a 17-year-old girl in 2010, who also happened to be the niece of a U.S. congressman. During the exam, the girl’s sundress slipped, revealing her breasts in public. An internal investigation released late last year concluded the whole thing was an “unfortunate” accident.

Agents also recently gave another girl such a rigorous once-over that they broke her insulin pump. Savannah Barry claims TSA agents in Salt Lake City were rude and abrupt, even though she tried to warn them that she was wearing the pump. Clearly, the agents thought she was up to no good. Diabetics are such a menace.

Some of the worst stories are the ones that don’t make the news. One concerned mother contacted me a few weeks ago after the entire family flew out of Washington’s Dulles airport. The rest of her family walked through the metal detectors and full-body scanners without incident, but when it was her teenage daughter’s turn, the male screener asked her to back up and walk through again. He said the scanner “needed to get a better look” at her.

Yeah, I bet it did.

Is my son a terrorist?

While most of the incidents that capture the public’s attention involve teenage girls, probably because the cliche of the lecherous male screener preying on an innocent virgin is just too irresistible, the boys may have it worse. Bear in mind that young men do indeed fit the terrorist profile; all of the 9/11 bombers were young men, which means any TSA agent worth his training will be extra vigilant when it comes to anything young and male.

“It took every fiber in my son not to burst into tears,” remembers Bruce. “The agent continued to badger him until they whisked him away for a private pat-down, where they brought my husband to witness them groping him, including his genitals.”

Nearly half an hour after they approached the security screening area in Phoenix, it was all over. The Bruce family had been cleared for takeoff.

“We led our shaken son and sobbing daughter to the gate where boarding was already under way,” she says.

Bruce blames herself for allowing this to happen.

“I’m so upset,” she says. “I’m mad at myself because I feel like I failed my son by not protecting him. But I was totally unprepared for this.”

We are all unprepared for this. My oldest son turns 11 this year, but he’s taller than many 13-year-olds. What will the TSA do to him the next time we go through security? What will they do to your son or daughter?

Do we really have to trade our dignity for security? I don’t think so. The agents who barked orders at the Bruce family, who disrobed the congressman’s niece and broke Barry’s insulin pump would have benefitted from some basic customer-service training. Instead, they’re traumatizing an entire generation of air travelers.

We deserve better.

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Is it acceptable to compromise your freedom and liberty for the sake of security?  Click below for a link to the article by Christopher Elliot on the Huffington Post.

http://www.thelibertyreport.org/wp-admin/post.php?post=397&action=edit&message=6