Fifteen Trillion In The Hole And Counting

Everybody knew we were going to have to increase our debt, you can’t solve a problem this big overnight or turn around this much government spending on a dime. However, the inexplicable and incredibly shameful reality is, the Washington criminal enterprise gang that is Congress and Obama still haven’t cut anything yet. In fact, they’re still increasing spending.

Debt Clock Strikes $15 Trillion

With the deadline on the Super Committee looming, the Treasury Department said on Wednesday the U.S. national debt crept over the $15 trillion threshold this week, providing a fresh reminder of the unsustainable amount of borrowing on the government’s bloated balance sheet.

See also:
Federal debt tops $15 trillion
National debt crosses $15 trillion mark
U.S. debt passes $15 trillion milestone… and it just keeps getting worse
National Debt Hits $15 Trillion Mark as Super Committee Flounders
US debt hits £15 trillion as cut-off looms
The $15 Trillion Super Circus
Deficit committee locked in budget stalemate
At $15 trillion in debt
GOP pounces as national debt tops $15 trillion
IN HIS OWN WORDS: Republicans SLAM Obama For Allowing The National Debt To Break $15 Trillion
U.S. National Debt Clock

Th primary obstacle to getting our fiscal house in order is that Democrats flatly refuse to cut anything. They’re bizarre notion of “cutting spending” is to cut the rate of future spending increases. How insane is that? It’s a grim milestone and if Democrats don’t accept the obvious financial reality, and soon, our creditors and the markets will force draconian austerity on all of us. This isn’t Greece, is this Greece?

/vote Republican in 2012, adult swim, get the Democrat children out of the pool

Get With The Program

Cut, cap, balance. Get used to hearing those three words, because they’re going to be the “drill baby drill” mantra of the 2012 election cycle. It’s a winning issue and our country’s fiscal survival depends on it.

Cut, cap and balance

This week a group of serious, committed advocacy organizations banded together to send a clear message to Washington and urged members of Congress to sign their pledge, titled “Cut, Cap and Balance.”

. . .

So what are the right things to do, according to the pledge?

Cut — Substantial cuts in spending that will reduce the deficit next year and thereafter.

Cap — Enforceable spending caps that will put federal spending on a path to a balanced budget.

Balance — Passage of a balanced-budget amendment to the U.S. Constitution — but only if it includes both a spending limitation and a supermajority for raising taxes, in addition to balancing revenues and expenses.

Take the pledge:

Cut Cap Balance Pledge

See also:
The Fiscal Pledge We Need: Cut, Cap, Balance
Conservative Lawmakers Sign Pledge Demanding Cuts, Caps & Balanced Budget Amendment in Debt Limit Deal
Coalition Calls for ‘Cut, Cap, And Balance’ on Capitol Hill
Conservative groups, lawmakers officially roll out Cut, Cap, Balance Pledge
Lawmakers sign pledge to balance the budget
Cut, cap, balance to save economy
CBO Warning Bolsters ‘Cut, Cap and Balance’
Cut, Cap and Balance–As in the Budget–Full-Speed Ahead
Cut, Cap, Balance: How to Address the Debt Ceiling Issue
Behind the GOP’s ‘Cut, Cap, Balance’ Pledge
Can Conservatives’ ‘Cut, Cap and Balance Pledge’ Cure Spending Problem?

Go to the pledge website, work your e-mail, work your phone. Do whatever you can to get your Congressional representatives to sign on to the Cut, Cap, and Balance Pledge. Just do it, do it now.

/and if they won’t sign on, make sure you do your part to vote them out of office

Waddling Back To The Trough

Here comes a squealing Fannie Mae, begging to suck on the taxpayer teat yet again. Hey, I know, let’s throw some more good money after bad.

Fannie Mae Seeks $8.5 Billion in U.S. Aid After Reporting Loss

Fannie Mae, the mortgage-finance company operating under U.S. conservatorship, will seek $8.5 billion in Treasury Department aid to balance its books after reporting a $6.5 billion loss in the first quarter.

Fannie Mae is requesting the money to eliminate a net worth deficit of $8.4 billion for the three-month period that ended March 31, according to a Securities and Exchange Commission filing today. The $6.5 billion loss for the quarter compares with an $11.5 billion shortfall in the same period a year ago.

. . .

Fannie Mae’s smaller rival, Freddie Mac of McLean, Virginia, posted a $676 million first-quarter profit on May 4. Freddie Mac reported a net worth of $1.2 billion and didn’t request additional aid.

The two companies, which own or guarantee more than half of U.S. single-family mortgages, have drawn more than $160 billion in Treasury aid since September 2008, when they were seized by the federal government amid losses that pushed them to the brink of insolvency.

See also:
Fannie Mae Falls Back Into the Loss Column
Fannie Mae to ask $8.5bn of Treasury
Fannie Mae seeks $8.5 billion from taxpayers
Fannie Mae Posts Deep Loss
Fannie Mae requests additional 8.5 billion dollars in government aid
Fannie’s Friday Earnings Release: $8.7-Billion Loss

And who’s responsible for this financial black hole?

Why are we continuing to prop up this bull[expletive deleted]? Let Fannie Mae fail. How much worse can the housing market get? In fact, the government’s insistence in meddling in the housing market. led by the Democrats, only prolongs the inevitable and prevents the free market from sorting itself out.

/take away the trough, wean Fannie Mae from the taxpayer teat, vote Republican in 2012, it’s the only way to be sure

Keeping Up With The Bad Guys

I don’t see any problem with this at all. Law enforcement is still going to need a search warrant and if they have enough evidence to get a warrant, they should be able to listen in. Why should criminals and terrorists be given an advantage just because they’re smart enough to communicate using the internet?

U.S. seeks ways to wiretap the Internet

The Obama administration is planning to seek legislation that would require social networking companies and voice-over-Internet service providers to adapt their technology so law enforcement agents can monitor users’ communications during criminal and terrorism investigations.

The proposal arises out of a concern that technology and social customs have outpaced the law and that authorities lack the means to monitor new methods of communication, administration officials said. But the initiative has also revived a more than 15-year-old debate over the proper balance between national security and personal privacy as well as what industry can reasonably be asked to do without stifling innovation.

“This is about lawfully authorized intercepts,” said Valerie E. Caproni, FBI general counsel. “This is not about expanding authority, but about preserving the ability to carry out existing authorities in order to protect the national security and public safety.”

See also:
FBI Drive for Encryption Backdoors Is Déjà Vu for Security Experts
Report: Feds to push for Net encryption backdoors
Feds want backdoors built into VoIP and email
Obama Administration Internet Wiretap Plans Dredge Up Old Debate
White House, FBI Seek Legislation to Expedite Online Wiretapping
Internet Wiretapping: Snoop or Safety Tool?
U.S. Wants to Wiretap the Internet
Internet Privacy Advocates Concerned Over Wiretap Plans
US rights group concerned by Web wiretap plans
Wiretap Law & Internet Freedom

I think the best rule of thumb is to just assume that a government, U.S. or otherwise, is monitoring all your communications, across the technology spectrum, and behave accordingly.

/if you’re not engaged in anything illegal, you shouldn’t get into any trouble