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President Obama’s failure to secure permanent bases in Iraq could prove costly. Here’s the real story behind our full withdrawal from Iraq:
Iraq rejects US request to maintain bases after troop withdrawal
The US suffered a major diplomatic and military rebuff on Friday when Iraq finally rejected its pleas to maintain bases in the country beyond this [...]
Posted by Jerry Pomeroy as Government Blunders, Obama Presidency, War in Iraq at 9:21 PM UTC
What’s wrong with Obamacare? Well, its long term care provision, for one. Known as CLASS, even the head of Health and Human Services says it won’t work. Read on to find out why:
Oct 15, 7:11 AM EDT
Health overhaul law suffers first major casualty
By RICARDO ALONSO-ZALDIVAR
Associated Press
Buy AP Photo Reprints
WASHINGTON (AP) — [...]
Posted by Jerry Pomeroy as Government Blunders, Health Insurance Debate, Obama Presidency at 6:43 AM UTC
The following article is a truly chilling account of the world’s financial situation. I’d say, “Save your money; hard times are coming,” but saving money won’t do any good when the coming tidal wave of inflation rolls in. To borrow the Reverend Wright’s saying, the world’s chickens are coming home to roost. Irresponsible borrowing and [...]
Posted by Jerry Pomeroy as Budgets, Economics, Government Blunders at 4:04 PM UTC
CBO warns of ‘profound’ challenges
The current national unemployment rate is 9.1 percent. | Reuters Close
By SEUNG MIN KIM | 8/24/11 9:40 AM EDT Updated: 8/24/11 12:32 PM EDT
The Congressional Budget Office painted a dreary economic picture Wednesday in a new report that warns of “profound budgetary and economic challenges” ahead.
The national [...]
Posted by Jerry Pomeroy as Budgets, Government Blunders, Obama Presidency at 11:11 AM UTC
As the Reverend Jesse Jackson would say, we should always look for the root problem. What lies at the bottom of America’s fiscal nightmare? Read on:
EDITORIAL: Markets to Obama: shut up
Toxic fiscal policies send investors fleeing
By THE WASHINGTON TIMES
4:55 p.m., Monday, August 8, 2011
President Obama pauses as he speaks in the State Dining Room [...]
Posted by Jerry Pomeroy as Best Of the Web, Economics, Government Blunders, Obama Presidency at 6:39 AM UTC
Here’s the bitter truth about America’s debt:
Posted by Jerry Pomeroy as Cultural Insanity, Economics, Government Blunders, Video at 5:24 PM UTC
The inevitable has happened. The Federal government has spent its way out of the highest credit rating. For the first time in history, at least one rating agency has reacted to Washington’s profligate ways. When more downgrades follow, everyone’s credit will cost more. Thanks President Obama.
S&P downgrades U.S. credit rating
By Charles Riley @CNNMoney August 5, [...]
Posted by Jerry Pomeroy as Best Of the Web, Budgets, Economics, Government Blunders at 7:21 PM UTC
For a sobering look at our national debt, put www.usdebtclock.org in your browser. Be sure to click on the link in the top right-hand corner that shows debt in the year 2015 at current rates. Beyond scary.
While you are at it, enjoy a clip from Judge Judy. This is what we’ve created:
Posted by Jerry Pomeroy as Budgets, Economics, Fraud Watch, Government Blunders, Video at 4:28 PM UTC
What? Our title can’t be true, can it? Read on:
When a cut is not a cut
By Rep. Ron Paul (R-Texas) - 08/01/11 12:15 PM ET
One might think that the recent drama over the debt ceiling involves one side wanting to increase or maintain spending with the other side wanting to drastically [...]
Posted by Jerry Pomeroy as Best Of the Web, Budgets, Fraud Watch, Government Blunders at 3:18 PM UTC
The Tea Party founder speaks the truth about “compromise.”
Interview with Tea Party Co-Founder Mark Meckler
‘We Have Compromised Our Way Into Disaster’
AFP
About 74 percent of the Tea Party Patriots in the US want Republican Speaker of the House John Boehner (center) to go.
Mark Meckler, 49, the co-founder of the Tea Party Patriots in [...]
Posted by Jerry Pomeroy as Best Of the Web, Budgets, Fraud Watch, Government Blunders at 10:23 AM UTC