“Occupy” In A Nutshell

Contest’s over, we have a winner. Lefty wants free stuff.

The problem with socialism is that you eventually run out of other people’s money.

/Margaret Thatcher

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

Two Less Al Qaeda In My Neck Of The Woods

Unfortunately, this is just the tip of the iceberg. For several years now, U.S. Somali citizens have been recruited in Minnesota and have traveled to Somalia to train and fight with al Qaeda. The big problem with that is, as U.S. citizens, there’s nothing stopping these newly minted terrorists from bringing their al Qaeda training back home and carrying out terrorist attacks here, in Minnesota or elsewhere in the country. They certainly have a strong, established support base here, a close knit Somali community that isn’t particularly loyal to the United States and what it stands for.

2 Minnesota Women Convicted of Funneling Money to Terror Group in Somalia

Two Minnesota women who claimed they were helping the poor in Somalia were convicted Thursday of conspiring to funnel money to a terrorist group as part of what prosecutors called a “deadly pipeline” sending funds and fighters to al-Shabab.

After the verdicts, one of the women, Amina Farah Ali, told the judge through an interpreter that she was happy because she was “going to heaven no matter what,” and condemned those in authority, saying: “You will go to hell.” She was ordered into custody pending her sentencing.

Ali, 35, and Hawo Mohamed Hassan, 64, were each charged with conspiracy to provide material support to a foreign terrorist organization. Ali also faced 12 counts of providing such support, for allegedly sending more than $8,600 to al-Shabab from September 2008 through July 2009, while Hassan faced two counts of lying to the FBI.

Both were found guilty on all counts. The terrorism-related counts each carry up to 15 years in prison, while lying to the FBI carries up to eight years. No sentencing date was set, and prosecutors said it was too early to predict what sentence they’d recommend.

See also:
Rochester women guilty of aiding Somali terror group
Jury convicts 2 Minn. women in terror case
Rochester women guilty on all 16 counts in terror-funding case
Jury Finds Rochester Women Guilty of Aiding Terrorism
Two Minnesota women convicted of aiding terrorists by ‘funnelling money to Somali terror group al-Shabab’
Two US women guilty of funding Somali terror
2 Minn. women guilty of aiding Somalian terror group
Two women found guilty of aiding terrorism
Minnesota women convicted of helping fund Somali group
Jury convicts 2 women in Somalia terror case
Terror suspect resists the rules of court and jail

Over the centuries, Minnesota has been a veritable melting pot for a plethora of immigrant groups, Germans, Hmong, Latinos, Norwegians, Swedes, you name it. Yet only the Somalis are actively involved in terrorism, why might that be, what sets the Somalis apart from all the other immigrant groups that have settled in Minnesota throughout history?

/of course the answer is easy and hardly surprising, where Islam goes, trouble follows

Let Them Eat Plutonium

North Korea seemingly has plenty of money to pursue a nuclear weapons program and develop long range missile technology, but apparently no money for food.

North Korea could be on verge of famine, smuggled video shows

Footage shot inside North Korea has revealed that the country could be on the verge of a famine, showing filthy, homeless and orphaned children begging for scraps and soldiers stealing food from rice sellers.

The video was shot over several months by an undercover North Korean journalist who smuggled the footage out to China and could face the death penalty. It was obtained by Australian Broadcasting Corp this week.

See also:
Famine threatens to return to North Korea
North Korea’s Hunger, on Film
Video shows North Korea starvation has spread to the military
Rare video footage smuggled out of North Korea
N. Korea Hides Evidence of Famine
North Korea: Video reveals extreme poverty of “Dear Leader’s” country
Video reveals North Korean famine

Could this famine be the catalyst that finally causes the collapse of the North Korean regime? It’s impossible to predict. However, although the collapse of North Korea would be a humanitarian crisis of epic proportions in the short run, in the long run it would turn out to be a blessing for the Korean people and bring stability to the region that’s been lacking for over half a century.

/and in other, WTF, Bizarro World news North Korea to Chair UN Disarmament Conference

So Much For The “Besieged” Gazans

For people claiming to be “besieged”, Hamas, through their sophisticated smuggling tunnels into Egypt, never seemed to run out of rockets to fire into Israel. And why is it that Israel is the only one who ever get blamed for “oppressing” the Gazan people? You’ll notice that this is an Egyptian border crossing that’s being opened after four years. Apparently, the Egyptians consider Hamas to be a serious security threat too.

Egypt opens Rafah crossing permanently

Gaza: A mixture of excitement and anxiety gripped travelers waiting to cross the Rafah crossing on Saturday.

Egypt ruled to permanently open the crossing starting on Saturday. In the first hour after the crossing was opened, 200 Gazans entered Egypt, officials said.

“We as Palestinians are truly thankful to the Egyptian government for opening the Rafah gate,” Dr. Ghazi Hamad, the Rafah border manager and spokesman, told Gulf News.

Under the new Egyptian regime, all coordination for travel goes through the Egyptian embassy.

“I am leaving to meet my relatives in Egypt, something that was very hard to do before,” Samah Ahmad, 26, told Gulf News. Mohammad Abd Al Aal said he was taking his wife and kids on a much needed vacation. “I never took a vacation before. The only times I have ever left Gaza was for medical reasons. I had to pay a lot of money to the Egyptian police and it was very humiliating,” he said.

Women would be able to leave Gaza without restrictions, while men between the ages of 18 and 40 would have to obtain visas for Egypt at the border.

See also:
Egypt opens Rafah border crossing with Gaza Strip, reuniting Palestinians
Egypt opens Rafah border crossing, ending Gaza blockade
Gazans Rejoice as Egypt Opens Border Crossing
Egypt reopens border with Gaza
Egypt Opens Border With Gaza Despite Israel’s Concerns
Haniyeh to Gazans: Don’t endanger opened Rafah border
Hamas urges Palestinians not to jeopardize Egypt’s opening of Rafah crossing
Egypt eases travel restrictions on Gazans
Hezbollah salutes Egypt’s decision to open Rafah crossing

So, now that the “blockade” of Gaza is over, there’s no more need for any “freedom flotillas” because the whole point has been rendered moot, right? Guess again.

Freedom Flotilla-2 to start voyage to help Palestinian victims

/you see, because it’s not really about helping the poor “Palestinians”, it’s all about hating on Israel and the Jews, “from the river to the sea”

The “Stimulus” That Keeps On Sucking

It’s bad enough that we borrowed a trillion dollars from China to waste on a “stimulus” program that actually destroyed 595,000 jobs, but it turns out that we lavished $24 billion of the massively useless pork potpourri on tax criminals! How cool was that?

Stimulus recipients found to be tax cheats

One construction company that won multiple awards of money under President Obama’s 2009 stimulus program was delinquent on its federal tax bill to the tune of $700,000, even as a company executive was blowing hundreds of thousands of dollars at casinos.

Yet another company failed to pay taxes, entered into a payment plan with the Internal Revenue Service, and then repeatedly defaulted on that agreement – and still won stimulus contracts worth more than $1 million, according to a Government Accountability Office report released Tuesday.

All told, government investigators found that during the period they examined, one out of every six stimulus contract or grant dollars went to a known tax cheat, according to Sen. Tom Coburn, an Oklahoma Republican who, along with several colleagues, requested the GAO review.

The review found that at least 3,700 stimulus recipients owed a total of more than $757 million in taxes, but were awarded $24 billion in stimulus money.

Read the report:

Thousands of Recovery Act Contract and Grant Recipients
Owe Hundreds of Millions in Federal Taxes

See also:
Report: Stimulus recipients owe $750 million in taxes
Companies that got stimulus money owe millions in back taxes
Stimulus contractors owe millions in back taxes
Stimulus Recipients Owe Back Taxes
Report: Stimulus Recipients Owe Hundreds Of Millions In Taxes
Stimulus money recipients owe billions in US taxes-GAO
GAO Report: 3,700 Stimulus Fund Recipients Owe Millions in Taxes
GAO Voices Concerns (Again) About Contracts, Grants Awarded to Delinquent Taxpayers
Senators: Tax delinquency issue larger than stimulus
Report: Tax dodgers pocketed $24B+

Now, you need to ask yourself, if the Obama administration was this incompetent that they gave $24 billion to known tax cheats, just how inept were they in frittering away the rest of the trillion dollars? If they couldn’t even catch the obvious gaming of the “stimulus” program, how much more undetected abuse and fraud is out there? I bet it totals in the hundreds of billions. And you, your children and grandchildren will get stuck paying for Obama’s “stimulus” folly, because we borrowed the trillion he wasted.

/Obama, putting the boon in boondoggle

Running On Empty

Actually, we’re running beyond empty now. The United States can’t legally borrow any more money until Congress acts to raise the debt ceiling.

US government hits debt ceiling, lighting 11-week fuse

Treasury Secretary Timothy Geithner informed Congress on Monday that the United States has reached its legal debt limit, setting off a ticking time bomb that could explode in less than three months if lawmakers can’t bridge differences and allow more government borrowing.

In hitting the $14.3 trillion debt ceiling – the limit on how much the government can borrow – the Obama administration on Monday began temporarily halting payments to the retirement and federal pension accounts of federal workers and started borrowing from those funds, to be restored later.

Geithner sent a letter to Senate Majority Leader Harry Reid, D-Nev., warning that the government can move money around for about 11 weeks but if a new debt ceiling isn’t agreed to by Aug. 2, the U.S. government could effectively default on its obligations to its creditors. He warned of “catastrophic economic consequences for citizens” unless Congress raises the debt ceiling.

An increase of about $2 trillion is expected, enough to get the issue past the 2012 elections before Congress would have to lift it again.

Republicans who control the House of Representatives vow to link raising the debt ceiling to cuts in government spending of at least equal measure. In a combative statement Monday, House Speaker John Boehner, R-Ohio, upped the ante.

“As I have said numerous times, there will be no debt limit increase without serious budget reforms and significant spending cuts, cuts that are greater than any increase in the debt limit.” Boehner has called previously for $2 trillion in spending cuts as part of any deal to raise the debt ceiling.

See also:
US hits $14 trillion debt limit
US Hits Debt Ceiling, But Treasury Market Rules Out Default For Now
Deja Vu, But No Disaster: U.S. Government Hits Debt Ceiling
U.S. Hits Debt Limit, Sky Doesn’t Fall
U.S. hit debt limit today
Treasury Tapping Federal Retirement Accounts to Stave Off Default
Turbo Tim Raids Pension Plans
With Debt Limit Maxed Out, Lawmakers Hold Firm On Remedy
Rep. Jordan: U.S. won’t default if debt ceiling isn’t raised
U.S. National Debt Clock

Well, we hit the debt ceiling and, despite all the Democrat Chicken Little hysteria, the Sun didn’t explode, the seas didn’t boil, and the markets didn’t plunge thousands of points. Go figure.

/all I can say is that the Republicans had better stand firm and hold their ground this time and hold out for concrete, verifiable spending cuts that at least equal the amount of any debt limit increase

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

What Was The [Expletive Deleted] Point?

First they promised to cut $100 billion, then said what they really meant was that they’d hold out indefinitely for $60 billion, then they totally caved in to the Democrats, compromising on $38 billion, and in the end all we got was a lousy $352 million in cuts. What a gyp, shame on the spineless Republicans.

Budget deal: CBO analysis shows initial spending cuts less than expected

A federal budget compromise that was hailed as historic for proposing to cut about $38 billion would reduce federal spending by only $352 million this fiscal year, less than 1 percent of the bill’s advertised amount, according to the Congressional Budget Office.

Although that analysis dampened enthusiasm for the deal among many Republicans on Thursday, the House and the Senate approved the measure with bipartisan support. President Obama is expected to sign the bill Friday, officially ending the prospect of a government shutdown.

The findings from the budget office warned that the deal may never come close to delivering on its promises. The analysis found that $13 billion to $18 billion of the cuts involve money that existed only on paper and was unlikely to ever be tapped.

See also:
U.S. Budget Analysis Shows Smaller Savings
CBO Says Budget Deal Will Cut Spending by Only $352 Million This Year
Forget $38B: Budget only cuts $352 million this year
Deal Approved but Debate Continues Over Actual Extent of Spending Cuts
Budget cuts too small for many conservatives
Spending cuts fall short of $38 billion: CBO
How Washington Turned $38 Billion Into $352 Million
CBO: 2011 Budget Cuts Far Less Than Promised
Editorial: Washington’s $38 Bil In ‘Cuts’ Are Bogus

This is insane, the United States is $14 trillion in debt, the world bond markets could decide to cut up our national credit card at any given moment, the laws of mathematics dictate that the American economy will completely collapse by 2037, and these congressional buffoons spent the entire last month arguing over cutting $352 million?

The 2012 elections can’t come fast enough. We need to start with a new President and Republicans taking control of the Senate and keeping control of the House. It’s apparent that one party rule, with a party that’s serious about restoring fiscal sanity (and that ain’t the Democrats), is going to be required to stop this country from careening off the cliff of financial ruin.

/and, if that doesn’t work, we’ll have to get us some new Republicans starting in 2014