Downsides of Abandoning America's Manned Space Program

JBS CEO Art Thompson's weekly news video update for April 14 - 20, 2014.

Congress: Hands Off State Con-Con Rescissions

Has Michigan triggered a congressional call for an Article V convention?

Another Step Toward UN Arms Treaty Enforcement

The UN Arms Trade Treaty is advancing steadily and secretly toward enforcement.

Obama, Froman Use Ukraine to Push U.S.-EU Merger

U.S. Trade Representative Michael Froman calls for TTIP (Transatlantic Trade and Inve...

UN, Obama, Gates Globalizing Education Via Common Core

Common Core is more than just nationalization of education, it is the next step toward tru...

  • Downsides of Abandoning America's Manned Space Program

    Monday, April 14 2014 14:21

    Published in News

  • Congress: Hands Off State Con-Con Rescissions

    Saturday, April 12 2014 15:25

    Published in Legislation

  • Another Step Toward UN Arms Treaty Enforcement

    Thursday, April 10 2014 09:41

    Published in News

  • Obama, Froman Use Ukraine to Push U.S.-EU Merger

    Wednesday, April 02 2014 08:31

    Published in News

  • UN, Obama, Gates Globalizing Education Via Common Core

    Thursday, March 27 2014 08:52

    Published in News

The John Birch Society
The communist Chinese dictatorship blasted the U.S. government for endangering its massive dollar holdings, calling for America to rein in its out-of-control debt by slashing military spending and welfare. The regime also demanded international supervision of the dollar and even suggested the creation of a new global reserve currency. The attack came in the form of an editorial from Xinhua News Agency, one of the dictatorship’s official propaganda arms, following the downgrade of American debt last week by Standard & Poor's (S&P). It immediately made headlines around the world. “China, the largest creditor of the world's sole superpower, has every right now to demand the United States to address its structural debt problems and ensure the safety of China's dollar assets,” read the commentary. “To cure its addiction to debts, the United States has to reestablish the common sense principle that one should live within its means.”  
While much of the nation's news for the past several weeks has been focused on the national debt, the killing of 30 U.S. and seven Afghan troops, along with an interpreter on Saturday reminded Americans of a debt to fighting forces that cannot be repaid. The shooting down of a Chinook transport helicopter by the Taliban insurgents, killing all on board, was another grim reminder that the cost of war cannot adequately be measured in trillions of dollars. The passengers and crew were on a night-raid mission in Tangi Valley in Warduk Province when they were brought crashing to the earth, most likely by  a rocket-propelled grenade, according to a coalition source cited by the New York Times. The Taliban claimed credit for the attack that made Saturday the deadliest day for Americans in Afghanistan since U.S forces arrived there in search of Osama bin Laden and his al-Qaeda followers in the fall of 2001, just weeks after the terrorist attack of 9-11. The  dead on Saturday included 22 members of SEAL Team 6 unit responsible for the tracking down and killing of bin Laden in Pakistan on May 2 of this year, though the Seals on board the helicopter did not take part in that raid. 
While Standard and Poor's downgrade of the U.S. government's credit rating has drawn much attention in the last few days, a generally overlooked report by Moody's Investment Services on the poor performance of student loans suggests higher education may be in a financial "bubble" that could burst in a stagnant economy that offers declining rewards for a college or university degree. Titled "Student Lending's Failing Grade" the report appeared in the Moody's Analytics publication for July, 2011.  It notes that dollar balances on student loans have increased by double-digit rates in the past decade and the number of loans has continued to increase in recent years as more people have been seeking education and training in a declining job market. But the tightening of lending standard in other sectors of the economy that followed the financial crisis of 2008 has not affected student loans, the report found.
Texas woes regarding the Trans Texas Corridor (TTC) may be getting even worse. Ever since the State partnered with Madrid-based Cintra, to build the wildly unpopular mid-continent trade corridor, Texas has had nothing but trouble. Especially property owners who have become victims of eminent domain abuses, and residents subjected to unwanted toll roads, a tyrannical state Department of Transportation and downright bullying by Governor Rick Perry and the State Legislature. But now, according to the Fort Worth Star Telegram, Texas officials are worried about a possible default by Cintra that could affect the progress of the Texas corridor projects. Cintra is involved in road construction projects all over the world, including the operation of the Indiana Toll Road. After the company was also awarded the contract to operate the Trans Texas Corridor for the next 50 years, Texans learned they were stuck with both Cintra and a huge corridor project they did not want. One feature of the Texas contract was that Cintra was guaranteed a buyback if the project proved unprofitable. It seems that very thing could happen with the company’s operation of the Indiana Road. Because of lower traffic, therefore lower toll revenue than originally forecast, Cintra has used up most of its rainy day fund and is running out of money to pay its debt to Indiana. The revenue shortfall occurred after Cintra dramatically increased tolls on the Indiana road.
Religious groups and pro-life advocates denounced a new ObamaCare mandate requiring health insurance plans to cover birth control and other "preventive care" services for women, with no co-pays. Drafted by the Institute of Medicine and announced last week by the U.S. Department of Health and Human Services, the new requirements will take effect on or after August 1, 2012. As The New American reported last week, social conservatives, pro-life groups, and religious organizations staunchly oppose the new requirements, because they undermine family values and assail moral and spiritual beliefs among Christian denominations. Particularly of concern are FDA-approved drugs such as Ella and Plan B (the "Morning After Pill") — misleadingly referred to as "emergency contraceptives" — which are in fact abortifacients, designed to terminate a developing baby before or after implantation into the mother’s womb.
When New Jersey Governor Chris Christie picked Sohail Mohammed — a lawyer who had represented acquitted terror suspects after the September 11 attacks — to be a Superior Court judge, immediate objections forced him to defend his choice. Much of the criticism of his appointment focused on Mohammed’s alleged links to terrorism and the possibility that Mohammed would be inclined to follow Shariah law; however, in his unique brand of political rhetoric, Christie labeled his critics “ignorant” and “crazies.”  
If a country wishes to save its taxpayers some money, it should enact stiff immigration laws. That’s the conclusion of a report from the Danish Integration Ministry, according to Spiegel Online. Denmark has imposed tough measures to stem the flow of Third World immigrants, and those stricter laws have saved the taxpayers about $10 billion during the past decade. The country now boasts the strictest controls in the European Union. Though the Eurocrat left has voiced opposition to the tighter controls, conservatives believe that Denmark is in better shape than most countries that have been overrun by immigrants, many of whom join the welfare rolls and commit crimes.
George Soros, the hedge fund investor who called gold "the ultimate bubble," has divested his portfolio of nearly its entire investment in the precious metal, inciting many to fear that the price will very soon plummet, devaluing the specie-heavy portfolios of millions of investors. Like it or not, like him or not, attention must be paid to his movements. It can be very expensive to ignore the predictions of Soros. For example, on September 16, 1992 (a date subsequently known as “Black Wednesday”), one of the investment funds of Soros sold short more than $10 billion worth of pounds sterling, profiting from the British government's reluctance to adjust its interest rates to levels comparable to those of other European Exchange Rate Mechanism countries.
Federal spending for K-12 education increased by approximately 1,050 percent between 1970 and 2009 (the most recent years for which firm figures exist). But public schools — the ones almost 90 percent of U.S. children attend  — have seen negligible gains over that period. Private schools aren’t panaceas, either, thanks to university departments of teacher training that are steeped in spurious education “research” gushing from component agencies of the U.S. Department of Education (DoE), in defiance of federal law. Since its inception in 1976, the DoE has worked to control all aspects of schooling and circumvent local prerogatives, hiding its agenda in plain sight under the terms “Best Practices,” “reform,” and “innovation.” Its greatest helpmates have been state Governors, via the National Governors Association (NGA), the host center for “Best Practices”; the National Education Association (NEA); and UNESCO, to which the NEA, in particular, has contributed heavily since 1948. In short, the NGA, the NEA, and the DoE have colluded with the United Nations to bypass U.S. laws.
In a series of expected additional press releases, the Standard & Poor’s credit rating agency is expanding its downgrade of debt securities tied to the now-lower-rated sovereign debt of the United States, including Israeli bonds, Fannie Mae and Freddie Mac, and “pre-funded” municipal bonds. Other credits tied closely to U.S. sovereign debt are also expected to be downgraded shortly, with only a few exceptions. Most municipal bond issues are not pre-funded with U.S. Treasury securities, and so they aren’t likely to be affected, especially as they rely on local and regional sources of revenues, with little reliance on the federal government to back them up. And, at the moment at least, S&P continues to rate 13 states as AAA. These downgrades have set off a firestorm of protest, mostly from the White House and the Treasury Department. Secretary Timothy Geithner angrily expressed his views to NBC/CNBC News:
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