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The US economy is lurching towards crisis with long-term interest rates on course to double, crippling the country’s ability to pay its debts and potentially plunging it into another recession, according to a study by the US’s own central bank In a 2003 paper, Thomas Laubach, the US Federal Reserve’s senior economist, calculated the impact on long-term interest rates of rising fiscal deficits and soaring national debt. Applying his assumptions to the recent spike in the US fiscal deficit and national debt, long-term interests rates will double from their current 3.5pc. The impact would be devastating by making it punitively...

He'll be the King of Chaos. Authorities fear that up to 1 million Jackophiles will descend on Los Angeles tomorrow and wreak mayhem, even though only a tiny fraction of them will actually have tickets for the Michael Jackson memorial at the Staples Center -- which were being offered on eBay for up to $20,000 late last night.

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In light of all that is going on in America today and in other parts of the world Iran for example this is a must watch video. Thankfully the people of Honduras have an honorable Military who ousted their would be Dictator who the obamageddon supports (talk about a world gone mad!) and I having served would like to think that our own Military would behave honorably as well however in perilous times and with Nazi Napolitano in charge having labeled Veterans and citizens opposing the tax and spend policies or illegal aliens as terrorists and not knowing what information...

Campaign Asks Congress to ‘Pledge to Read’ Bills Before Voting on Them Monday, July 06, 2009 By Fadia Galindo (CNSNews.com) – Members of Congress are being asked to pledge that they will read the bills that come before them before voting to enact them into law. “We think the American public expects their legislators to know what’s in a bill before they support it and we’re urging legislators to sign a pledge to that effect,” Colin Hanna, president of Let Freedom Ring, told CNSNews.com. Let Freedom Ring, a conservative organization, recently kicked off a "Pledge to Read” campaign, which challenges...

U.S. President Barack Obama has arrived in Moscow for talks with Russian leaders, expected to focus largely on arms control. This is a visit that falls neatly into two parts. First, President Obama will consult individually with Russian President Dmitri Medvedev and Prime Minister Vladimir Putin. Then he will focus on improving ties with the Russian people. In an interview with the Associated Press prior to his departure, Mr. Obama said he has a lot to discuss with President Medvedev. Among them: efforts to replace the Strategic Arms Reduction Treaty - or START - that runs out at the end...

“Only dead fish go with the flow.” That quote from Sarah Palin’s stunning July 3 statement said it all about the soon-to-be-former Governor of Alaska and 2008 Republican vice presidential nominee. In leaving the Juneau statehouse and pursuing her next steps in politics or the private sector, Palin is doing so on her terms regardless of what the pesky national press and the political “experts” think. Whether she will run for President (or another office), and when, is all unclear now. So, as reporters end their grousing about Palin interrupting their holiday weekend, they get down to exploring the options...

Poor little liberals. Some racist, right wing, Republican hater actually had the audacity to compare the beloved President Obama to Adolph Hitler. This is so upsetting, I have a box of tissues standing by right here on my desk. According to JaxPoliticsOnline.com: numerous signs that were prominently displayed at the gathering, including two that featured Barack Obama in Nazi garb. One sign, in fact, had altered Obama's appearance to resemble Hitler. Other signs compared ACORN, the community organizing group accused of voter registration irregularities, with the SS-the Nazi organization responsible for enacting the Holocaust and the group responsible for most...

Palestinian prime minister: Jews would be welcome in future state by Brent Gardner-Smith, Aspen Daily News Staff Writer Sunday, July 5, 2009 www.aspendailynews.com/section/home/135325 Palestinian National Authority Prime Minister Salam Fayyad said Saturday that Jews would enjoy freedom and civil rights in a future Palestinian state. Fayyad addressed the subject in response to a question from former CIA director James Woolsey at the Aspen Institute's Aspen Ideas Festival, which included a day of panels on different aspects of the current state of the Middle East. Woolsey said there are a million Arabs in Israel, accounting for one-sixth of the Israeli population,...

Following the lead of the Federal Government, California this week began issuing its own currency, which it plans to use to stave off bankruptcy. "As our state staggers under massive debt, uncontrolled spending, and dysfunctional government, we look to the example of our national leaders," said Governor Arnold Schwarzenegger. "When faced with these exact same challenges, Congress started printing money. If it's good enough for Washington, it's good enough for Sacramento!" Called "Individual Registered Warrants (IRWs)," State Controller John Chiang indicated that California would send out $3.4 billion of this negotiable scrip in July alone. Small business owners, government supported...

Governor Schwarzenegger said it exactly right. Unions and lap-dog, Democrat legislators in Sacramento are doing their best to make sure that everyone but they have to sacrifice to save California's budget. The governor told reporters that unions and Democrats are telling Californians, "We want you to make the sacrifices but we in Sacramento don't want to make any sacrifices or any changes." Unions are pointing fingers at everyone but themselves and refusing to budge on cuts in their overweening benefits, lush pay scale and perks but are insisting everyone else make the sacrifices to save union jobs. And, let's face...

INDIANAPOLIS -- A postal worker who was shot in the face after encountering a bank robber Thursday spoke Saturday about the harrowing ordeal. Robert Norman, 54, has worked for the U.S. Postal Service for 30 years, but he will spend the next six to eight weeks recovering from the wound, 6News' Sarah Cornell reported. Norman and his doctors said he is very fortunate that the bullet struck right below his right eye. "God protected me. I could have died," Norman said. Norman was inside a Wanamaker Chase Bank, in the 8800 block of Southeastern Avenue, to get some spending money...

A Large Stone Quarry used to build Temple walls Exposed in Excavations Press ReleaseMonday July 6, 2009A Large Stone Quarry from the End of the Second Temple Period was Exposed in Excavations the Israel Antiquities Authority is Conducting on Shmuel HaNavi Street in JerusalemDr. Ofer Sion, the excavation director, estimates, "The stones that were quarried here were used by Herod to build the walls of the Temple".An ancient quarry, c. 1 dunam in area and dating to the end of the Second Temple period (c. 2,030 years old), was uncovered in excavations being conducted on Shmuel HaNavi Street in...

For the Associated Press, Tim Klass shows that taking liberties with facts by enveloping them in wild hyperbole can sex up a boring story into something much more alarming. Unfortunately, what one ends up with is not a presentation of news, but a promulgation of a narrative that befits a particular political agenda. And this time writer Klass uses his hyperbolic style to advance the guns-are-evil story line. The headline startles the reader by screaming out "Powerful weapons found in Northwest drug raids." One immediately imagines an image of dozens of high powered and dangerous guns, those above and beyond...

The June "Jobs" report issued by the Bureau of Labor Statistics (BLS) on July 2 caused shock and dismay. Payrolls declined by 467,000 jobs, more than the 345,000 lost in May, and much more than the 363,000 that economists had predicted. The only reason that the reported unemployment rate rose by only 0.1 percentage points (to 9.5%) in June was that many jobless people became discouraged and stopped looking for work. As bad as the BLS report was, it should not have come as a surprise. The deteriorating employment situation could have been predicted as early as April 29, when...

Feeling down? A lot of people are in this economy. That may be one reason why cuddle parties are big business. CuddleParty.com started five years ago as a business which hosts parties where people touch each other in a "structured, safe workshop on boundaries, communication, intimacy and affection." Business is booming. "It's a fantastic way to be busy with people," says Len Daley, one of the company's volunteer staff members. He insists, however, that this is not anything close to an orgy. "We take sex off the table." Check out the video here

Nancy Pelosi has repeatedly stated that Cap and Trade will be a priority for the 111th Congress. Embraced some years ago in Europe and a few other countries, cap and trade creates an artificial market for various industries to buy, sell, and trade allowances that permit a certain amount of carbon output. It has long been on the wish list for American liberals and extremist environmentalists. And with Democrats now in control of Congress and the White House, you can bet they will soon engage an all effort to enact cap and trade. In fact, in the 2010 White House...

Saudi Arabia has indicated to Israel that it would not protest use of its airspace by Israeli fighter jets in the event the government resolves to launch a military assault against Iran, according to a report which appeared in the British newspaper The Sunday Times. The Prime Minister's office issued a statement in response Sunday morning, saying that "the Sunday Times report is fundamentally false and completely baseless." According to The Sunday Times, Mossad chief Meir Dagan held secret meetings with Saudi officials, who gave their tacit approval to Israel's use of the kingdom's airspace. Advertisement "The Saudis have tacitly...

Over the past week there’s been a scrap going on between the political parties as to who is the gay-friendlier. Interesting to gays probably, very boring for everyone else. But there is one aspect to all of this which still goes largely ignored - for reasons, no doubt, of “cultural sensitivity” - and that is the effect that the long march of multiculturalism has had on this whole issue. Basically it comes down to this question: how do you celebrate and respect cultures and religions which think you are an abomination? It’s a tricky one for the bien pensants and...

The response to Sarah Palin's surprise resignation last Friday clearly reveals the limitations of the American political class, right, left, or what have you. There's an old academic joke, probably apocryphal, about Count Metternich, Austria's foreign minister during the Napoleonic era. While attending the Congress of Vienna, Metternich is sleeping off a banquet when one of his aides bursts in at three in the morning. "Your excellency! Count Nesselrode, the Russian ambassador, just died." Metternich jerks awake. "Died, you say? What a terrible thing! I was speaking to him only tonight... Uhh... send a message to the Tsar -- Austria...