The White House has said that unless Congress gives it the green light to lift its $14.3 trillion debt ceiling by Aug. 2, it will default. That would mean lawmakers have about a month to decide whether or not to approve raising the borrowing limit, right? Wrong. In reality, they have about nine days when […]
(Robert Johnson) Last year, the U.S. Navy bought 59,000 microchips for use in everything from missiles to transponders and all of them turned out to be counterfeits from China. The reports show the chips weren’t only low-quality fakes, they had been made with a “back-door” and could have been remotely shut down at any time, […]
(By Malcolm Moore, Shanghai) Next month, four enormous steel skeletons, the last of the 12 segments of the bridge, will be shipped 6,500 miles from Shanghai to San Francisco before being assembled on site. The bridge, which will connect San Francisco to Oakland on the other side of the bay, is a sign of how […]
(Bruce Krasting) We have two distinct groups in D.C. that are stuck between a very big rock and a hard place. The first is the Federal Reserve. The second is the Democrats and Republicans and the battle being waged over the debt limit. I see a possible solution to these impasses. It’s so simple that […]
(NY Times) The sheer number of foreclosures is bogging down the foreclosure process to the extent that — at the present pace—it may take more than 60 years in some states to complete all the pending cases in some parts of the country. In New York State, it would take lenders 62 years at their […]
Here’s an interesting report from Pakistan’s daily newspaper The Nation. It cites a Russian regulatory agency as saying that the US is currently having a major nuclear emergency at the flooded plant in Nebraska and that the Obama Administration is trying to cover it up. The Russian report describes the Nebraska situation as one of […]
(Washington Times) The Obama administration has mindlessly flooded the country with hundreds and hundreds of billions of federal tax dollars. The government gurus claim the reason for opening the federal-money floodgates was to jump-start the sluggish economy, which was strangled to begin with by Fedzilla’s housing policies – or lack thereof. Just as you would […]
(by MARCIA SEGELSTEIN- Christian News) Pedophilia is another “sexual orientation,” comparable to heterosexuality or homosexuality, according to expert testimony recently presented to the Canadian Parliament. The issue at hand was a bill that would either increase penalties or impose mandatory sentences on sexual offenders whose victims are children. According to a report at LifeSiteNews, Dr. […]
(Washington Times) Stepping up a simmering constitutional conflict, House Speaker John A. Boehner warned President Obama on Tuesday that unless he gets authorization from Congress for his military deployment in Libya, he will be in violation of the War Powers Resolution. In a letter sent Tuesday afternoon, Mr. Boehner, the top Republican in the constitutional […]
Former Utah Gov. Jon Huntsman, who is mulling a bid for the 2012 GOP presidential nomination, said President Obama has “failed on the economic front.” “On the economic side, there are no signs of success, very little,” Mr. Huntsman said in a taped interview broadcast Sunday on CNN’s “State of the Union.” The criticism of […]
