Noontime News is a snapshot of our RSS feeds from the noon (Eastern time) hour.

Moody’s: GOP Budget Would Cost 700,000 Jobs

“The Republican plan to cut government spending by more than $60 billion dollars will cost the unemployment rate dearly, according to a new report from Moody’s Analytics.

According to Moody’s chief economist Mark Zandi — who the Washington Post reports “has advised both political parties” — Republican plans to slash government spending will impact the GDP in such a way that would eliminate hundreds of thousands of jobs this year and the next.”

Read More: Gov. Daniels Says Governments Should Slash Spending ‘Even If They End Up Seriously Costing A Lot Of Jobs’

Rasmussen Poll On Gov’t Shutdown Shows Inverse Of Gallup Findings

“According to one poll, six in ten Americans want a budget compromise to prevent a government shutdown. According to another survey 60% want a government shutdown to get to a budget compromise. Wait, what?”

Jon Taplin: The Interregnum

“On October 14, 2008 I gave a speech at USC called “America 3.0 and The Interregnum”. In it I argued that we were entering a global phase of extreme turbulence in which the bottom-up forces of a networked world battled the top-down hierarchies of centralized power. As the Italian philosopher Gramsci had noted,”The old is dying and the new cannot be born. In this interregnum there arises a great diversity of morbid symptoms.” Although this upheaval was accelerated by the global financial crisis that I had been warning of since December of 2007, it was not caused by the crisis. It was rather a symptom of a technological revolution initiated with U.S. Defense department funding as early as 1958. We came to call this the Internet.”

Report: U.S. Has Wasted Tens Of Billions Of Dollars On Contractors In Iraq And Afghanistan

“A new report from a bipartisan commission set up to scrutinize the unprecedented use of contractors in Iraq and Afghanistan concludes that the United States has wasted tens of billions of the nearly $177 billion that has been spent on those contracts and grants since 2002.”

Boehner: I’ll Decide Whether To Defend DOMA In Court By End Of This Week

“Speaker John Boehner is ready to take on the White House over the Defense of Marriage Act, pledging to force the issue in the House after the Justice Department announced last week it was abandoning support for portions of the law.

“I’m really disappointed in the President and the Department of Justice in the fact that they’re not going to defend a law that Congress passed overwhelmingly. It’s their responsibility to do that,” he told CBN’s David Brody on Sunday.”

Read More: U.S. Defends DOMA Despite Dropping Support

GOP Congressman Offers Praise For US-UnCut Effort: CitiGroup’s Corporate Tax Dodging ‘Broke The Law’

Over the weekend, Americans all over the country staged demonstrations demanding that corporations pay their fair share in taxes. As ThinkProgress’ Zaid Jilani reported, many of America’s largest and most profitable corporations, like ExxonMobil, CitiGroup Bank of America, have managed to avoid paying any corporate taxes for most quarters in recent years. As corporations pay out record bonuses and compile billions in untaxed profits, corrupt politicians are trying to force regular Americans to give up benefits and social programs to pay down the deficit.[…]

Asked how he feels about large corporations skipping tax payments, [Rep. Trent] Franks (R-AZ) was at first incredulous, telling us that they do pay taxes but simply “pass it along” to consumers. Reminded that firms like Bank of America and CitiGroup have earned profits and avoided paying taxes, Franks finally responded sternly: “Well, then they broke the law”.

Read More: REPORT: Ending Special Interest Tax Dodging Would Balance Wisconsin’s Budget And End The War On Unions

No Minorities Allowed: Texas Group Launches Scholarship For White Males Only

“In an effort to address the most under-served minority in a John Travolta film, a non-profit in Texas is launching a scholarship program for disadvantaged students. The Former Majority Association for Equality is offering a $500 scholarship to those who meet one eligibility requirement: “Male – No less than 25% Caucasian“.”

FLASHBACK: Tim Pawlenty In 2005: A Government Shutdown Is ‘Naked Cynicism’

“Tim Pawlenty, who yesterday told ThinkProgress’ Scott Keyes that such an extreme, damaging measure is “what we need,” and that it’s “an option I think Republicans have to consider.”

Much like his position on gays rights, Pawlenty’s stance on the cost of a government shutdown has evolved — in a decidedly less humane direction on both counts. In June 2005, on the eve of Minnesota’s first and only government shutdown, Pawlenty noted that such a shutdown would be painful. Ultimately, thousands of Minnesotans were left without work, thanks to what Pawlenty called the “naked cynicism” of his political opponents.”

Chris Wallace Picks Up False Right-Wing Talking Point That Walker Campaigned On Union Busting

“Gov. Scott Walker (R-WI) recently defended his union busting efforts, claiming that no one should be surprised because it’s what he campaigned on (Walker actually didn’t campaign on busting unions). Walker’s defenders on the right such as Rush Limbaugh and Newt Gingrich, have picked up on this meme. “He’s actually doing what he campaigned on,” Gingrich said”.

Politifact Wisconsin took a look at this talking point last week and determined that it’s not true.

Former GOP Sen. Bennett: Reagan Held Views That Were ‘Absolutely Anathema’ To The Tea Party

“Former GOP Sen. Bob Bennett (UT), who lost his seat to a far-right primary challenger after holding it for over a decade, slammed the tea party in an interview with Fox News host Greta Van Susteren Friday. Saying the tea party movement “cost the Republicans control of the Senate,” Bennett warned Republicans to “be careful” about kowtowing to the narrow demands of the hard right when nominating a presidential candidate. Bennett went on to note that the GOP has shifted far to the right from previous Republican presidential candidates like Ronald Reagan and George H.W. Bush. “Ronald Reagan would probably not recognize the description of Ronald Reagan” that many conservatives have of him, Bennett said, noting that he held views that were “absolute anathema to many of the tea party people.”

Massey Security Chief Indicted In Mine Disaster Probe

“Federal agents arrested Hughie Elbert Stover, a Massey security official, on charges of obstruction of justice and making false statements.”

By design, Gadhafi’s loyalists will fight to the end

“The armed organizations that are now Moammar Gadhafi's primary defense in Tripoli were designed specifically to counterbalance the influence of Libya's regular military and are likely to "fight to the death" because they have so much to lose, according to experts on Libya in London and Cairo.”

Read More: In U.S.-Libya Nuclear Deal, a Qaddafi Threat Faded Away

Politicus: British Shift on Muslims Is Ominous

“Prime Minister David Cameron has asserted the death of multiculturalism but offered nothing to fill its space and deal with the scale of Muslim immigration.”

Pirates Hijack Vessel Carrying 7 Danes, Including 3 Children

“The Danish government said pirates in the Arabian Sea captured the yacht in the first reported attack on a small pleasure vessel since four Americans were killed by their pirate captors last week.”

Good News: Oscar Winners Celebrate Union Crews That Are ‘A Very Important Part Of The Middle Class’

“Gary Rizzo, who won an Oscar for sound-mixing on “Inception,” thanked “all the hard working boom operators and utility sound people that worked on the production crew. Union, of course.” Wally Pfister, who won a cinematography Oscar for “Inception,” thanked his “fantastic union crew” during his acceptance speech. “

Reader Comments Welcome. Share news stories you have seen here…please be sure to attribute them. Comments with violations of Fair Use guidelines may be edited.