To Congress For Spending Our Grandchildren Into Perpetual Indebtedness: The Franklin Solution »
(Thomas Mitchell/4th St8) – Our duly elected representatives back inside the Beltway swamps insist they are doing us a favor by ratcheting up the federal debt. Obama is asking Congress this week for $1.2 trillion in additional borrowing authority that would raise the debt ceiling to $16.4 trillion. (That is merely a figure of speech. They blew the ceiling off long ago.) Since Obama took office, the debt has risen 42 percent, but I’m sure [...]
Suspicious Package Forces Tea Party Debt Commission To Decamp »
NN&V Exclusive (Phil Henry) – Yesterday, 30 minutes before the Tea Party Debt Commission was to deliver its report to the Tea Party Caucuses, the dems denied access to the third floor of the Russell Senate building where the meeting was to be held. The excuse given was a suspicious package had been found on that floor. Yet senators and staffers were allowed to move about the area. Only the general public was restricted by [...]
Obama’s American Jobs Act: Who Writes This Stuff? »
(Dan Schwartz) – President Obama is adrift in a sea of unprecedented national debt and ever-expanding deficits, yet he has proposed an array of government programs that would make even Lyndon Johnson blush. The Administration suggests a host of tax increases to pay for his agenda, but the bottom line of the 155-page bill can be found in the last subsection of the last section on the last page. The President has asked Congress to [...]
John Stahl: Congress Is Destroying American Dream »
NN&V Exclusive (David Mansdoerfer) – Today we will be talking with congressional candidate John Stahl from California’s 50th congressional district. Mr. Stahl is a former Naval Aviator and VP of Raytheon Semiconductor. NN&V: Why are you running for congress? Stahl: I am running for Congress because I cannot sit back and watch the destruction of the American Dream for future generations. The inability of Congress to get this spending under control and restore fiscal sanity [...]
Tea Partiers Solicit Budget Solutions »
NN&V Exclusive (Lori Piotrowski) – Earlier this year, FreedomWorks, a grassroots organizational group, began to recruit tea party leaders throughout the country. In late June, that effort paid off as tea party leaders met inWashington,D.C. to form the Tea Party Debt Commission. These grassroots leaders wanted to give Americans a platform through which to propose specific cuts in the federal budget and to put to rest the argument that tea party supporters weren’t serious about [...]
Rating Agency Executives Should Work From Alcatraz »
(Fred Weinberg/The Penny Press) – Listening to the chattering class bloviate about raising the national debt limit, you’d almost forget a few things. I heard our very own Secretary of the Treasury tell CBS’ Bob Scheiffer that unless Congress raised the debt limit, the credit rating agencies would downgrade the United States of America’s debt and all hell would break loose. I almost drove off the road (I was listening to C-Span Radio on the [...]
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