Wow, Jobless Claims Surge +146,241 To A Level Worse Than This Week Last Year: Sudden ObamaCare Effect?

The report is here.

This number is stunning. We haven't seen a level like this in 2013 except for once in July (410k) and three times way back in January to start the year.

Are companies letting people go in advance of ObamaCare kicking-in full-force about a year from now, to comply with the one-year look-back period?

Major market indices declined for a third straight day on the news, the DOW by 2/3rds of a percent.

Military Retirees Under 62 Screwed Under House-Passed Ryan/Murray Budget Deal

As reported here:

The Washington Free Beacon reported that under the budget agreement crafted by House Budget Committee Chairman Paul Ryan (R., Wisc.) and Senate Budget Committee Chairman Patty Murray (D., Wash.), military retirees younger than 62 will receive 1 percentage point less in their annual cost-of-living adjustment (COLA). ...

A loss of one percentage point in their COLA translates into thousands of dollars in lost retirement income. ...

If an E-7 retires at 40, they would lose $83,000. Commissioned officers could lose much more. Lieutenant colonels and commanders (an O-5 rank) who retire at 40 would lose $124,000.

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Senate Republicans who oppose the cuts to military retirements are saying so loudly but will most probably be defeated in the Senate next week when the budget deal comes up for a vote in the Democrat controlled chamber.

Roll Call Magazine's 218 Blog Embraces The Oligarchy

"218: Because it's the only number that really matters in the US House."

Yeah, and that's the problem.

Current population: 316.8 million.

Implied representation on the constitutional formula rejected by the anti-Federalists: 10,560 US Representatives in the US House.

Preferred level: 21,120 in the US House. Let 'em camp in tents on FedEx Field.