President Obama’s assertion last Friday that “the private sector is doing fine” has drawn heated criticism from his opponents, as media outlets and the Romney campaign have pounced at the opportunity to exploit the President’s “out-of-touch” view toward the U.S. economy.
Illinois State Senator Chris Lauzen made three simple suggestions to solving Illinois’ $83 billion unfunded pension liabilities: end abuses of the present system, raise the retirement age to 62, and limit cost-of-living-adjustments (COLAs) to 2 percent a year. What he failed to mention is how to get these changes implemented.
On Monday the U.S. Supreme Court rejected appeals of cases against the U.S. government filed by seven different detainees at the Guantanamo Bay prison. By refusing to hear the cases, the decisions of the lower courts are upheld. In one of these rulings, the U.S. Court of Appeals for the District of Columbia Circuit held that information provided by the government should be afforded a “presumption of accuracy” unless the defendant can establish otherwise.
Late last week, U.S. Attorney General Eric Holder appointed two U.S. attorneys to investigate the alleged “leaks” of classified information many suspect originated in the White House. The attorneys will conduct a separate but concurrent investigation with the one presently being pursued by the FBI.
The release last week of the Federal Reserve’s much-anticipated three-year study of America’s finances, its Survey of Consumer Finances, confirmed what many families already know: Between 2007 and 2010 the average family’s net worth declined by nearly 40 percent, mostly because of the decline in housing prices. The Fed study also confirmed that their incomes also fell significantly in real terms, by nearly eight percent.
In an effort to manufacture the perception of public support for “regime change” and an international war on Syria, Western officials and Arab dictatorships responsible for fomenting much of the bloodshed are spewing lies about the al-Assad dictatorship almost as quickly as the propaganda can be discredited. And like in Libya, in the crossfire suffering and dying are innocent civilians: children, Christians, minorities, and women.
Last week, the Texas Republican Party Convention, the largest political gathering in the world, convened in Fort Worth, Texas, with an estimated 6,000 to 7,000 delegates in attendance. While the event ended Saturday without any of the physical violence that has accompanied some state conventions, still the marked differences between the establishment Republicans and the emerging younger grassroots conservative activists were clear.
It’s been amusing to hear all the liberal talking heads on TV trying to claim that last week's vote in Wisconsin was no big deal. My friends, it was a very big deal indeed. In fact, it just may mark the beginning of the end of union power in this country.