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FOXNews.com - Senate Democrats Propose $1.9T Increase to U.S. Debt Limit: "The record increase in the so-called debt limit is required because the budget deficit has spiraled out of control in the wake of a recession that cut tax revenues, the Wall Street bailout, and increased spending by the Democratic-controlled Congress. Last year's deficit hit a phenomenal $1.4 trillion, and the current year's deficit promises to be as high or higher. "
"'We have gone to the restaurant. We have eaten the meal. Now the only question is whether we will pay the check,' said Finance Committee Chairman Max Baucus, D-Mont. 'We simply must do so.'"
No, it is more like you bought toys and the question is if you will return any.
"Republican Sen. John Thune of South Dakota immediately offered an amendment to end the bank and Wall Street bailout, officially known as the Troubled Asset Relief Program, or TARP. Thune would prohibit further expenditure TARP funds and would require that all funds paid back be used to retire debt."
That would at least show some remorse for overspending.
Friday, January 22, 2010
FOXNews.com - U.N. Panel's Glacier-Disaster Claims Melting Away
FOXNews.com - U.N. Panel's Glacier-Disaster Claims Melting Away: "Today, the IPCC issued a statement offering regret for the poorly vetted statements. 'The Chair, Vice-Chairs, and Co-chairs of the IPCC regret the poor application of well-established IPCC procedures,' the statement says, though it goes short of issuing a full retraction or reprinting the report.
Pachauri told Reuters on Monday that the group was looking into the issue, and planned to 'take a position on it in the next two or three days.'"
"'They are indeed receding and the rate is cause for great concern,' Ramesh said of the glaciers. But, he said, the IPCC's 2035 forecast was 'not based on an iota of scientific evidence.'"
"The speculative comments were not peer reviewed, and other reports have indicated that the glaciers are not retreating abnormally."
This just shows that IPCC is a political group -- not a scientific group. They didn't follow accepted scientific methods. So take their work as political statements and not scientific statements.
Pachauri told Reuters on Monday that the group was looking into the issue, and planned to 'take a position on it in the next two or three days.'"
"'They are indeed receding and the rate is cause for great concern,' Ramesh said of the glaciers. But, he said, the IPCC's 2035 forecast was 'not based on an iota of scientific evidence.'"
"The speculative comments were not peer reviewed, and other reports have indicated that the glaciers are not retreating abnormally."
This just shows that IPCC is a political group -- not a scientific group. They didn't follow accepted scientific methods. So take their work as political statements and not scientific statements.
Blogs, YouTube prompt campaign finance ruling | Politics and Law - CNET News
Blogs, YouTube prompt campaign finance ruling | Politics and Law - CNET News: "The New York Times endorses political candidates (in 2008, it endorsed Barack Obama). So does the New York Post (it chose John McCain).
Those endorsements on the eve of a presidential election were permitted under U.S. election laws--even though both newspapers are owned by corporations with market capitalizations in the billions of dollars. But the tiny nonprofit called Citizens United, funded mostly by individual donations, was barred from sharing its own political views."
Those endorsements on the eve of a presidential election were permitted under U.S. election laws--even though both newspapers are owned by corporations with market capitalizations in the billions of dollars. But the tiny nonprofit called Citizens United, funded mostly by individual donations, was barred from sharing its own political views."
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