excerpt:."" .... along comes the Wall Street Journal's editorial board, claiming that the federal government should add $5 trillion to the national debt by accounting for the possible liabilities of Fannie Mae and Freddie Mac.....""

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This is from the director of the Congressional Budget Office.

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In the wake of the Sanford mess, maybe this spoof on the Republican Party isn't so far fetched! Hope you enjoy it.

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310 million Americans have allowed 546 political pigs in Washington DC to completely destroy the greatest nation ever known to mankind.

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Never in living memory has an election been more critical than the one fast approaching—that's the quadrennial cliché, as expected as the balloons and the bombast.

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Our federal debt is headed toward $10 trillion, which means if we stopped adding to it immediately, and all credit holders (yeah you, China) stopped charging us interest, and we started paying down the debt at $1 per second, it would take about 300,000 years to retire.

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CBO data show that the House has achieved impressive compliance this year with its new PAYGO rule; it has passed entitlement and tax legislation containing several hundred billion dollars in costs (over ten years) — and has fully offset those costs.

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Caution Thrown to the Wind

For those of you that haven't noticed, the United States government has not simply thrown caution to the wind, but has thrown caution out the window and slammed the window shut in the vain hope of protecting itself from financial graft and foolishness.

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Patriotism, Faith and Equality

There's often a fine line between our feelings of security and our faith. As we watch the stock market take its long overdue slide downward, many of the pundits add a caveat to the their reporting, that refers to something known as consumer confidence.

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Within the next month, the Pentagon will submit its 2009 budget to Congress and it's a fair bet that it will be even larger than the staggering 2008 one.

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In its annual report on the US, Moody's signalled increased concern that rapid rises in Medicare and Medicaid - the government-funded healthcare programmes for the old and the poor - would "cause major fiscal pressures" in years to come.

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I read somewhere that Social Security payments started in 1940 with 1 beneficiary per 600 workers. By 2033 it looks as though there will be 1 beneficiary for every 2 workers. Our Social Security "surplus" is projected to begin its inevitable downward trend in 2009.

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Whatever happens over the next 16 months, President Bush will leave office having presided over one of the fastest accumulations of government debt in the history of the United States.

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The federal government recorded a $1.3 trillion loss last year — far more than the official $248 billion deficit — when corporate-style accounting standards are used, a USA TODAY analysis shows.

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For a little more than $38 billion, the United States and its contractors in Iraq have provided 4.6 million people with access to water. They have distributed seeds to Iraqi farmers, improving wheat harvests.

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What if you could spend $11 million dollars an hour?

What If ? $11 million dollars an hour is $267 million a day or $2 billion a week or $8 billion a month spent on war in Iraq

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The dollar is getting hammered almost daily now. It's like watching the blood ooze from a hemophiliac. In just one month the dollar has tumbled from $1.20 to $1.29 vs. the euro; an astonishing 7% retreat.

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PDF File ...both the Senate and the House have made it clear there will be no entitlement cuts through reconciliation this year.

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