Obama's Tax Promise

The President may be slowly changing his mind about not raising taxes on those making less than $250k a year...after all someone has to pay for all his programs to help those folks out!

FOXNews.com - Geithner: No Risk to U.S. Credit Rating

FOXNews.com - Geithner: No Risk to U.S. Credit Rating

Debt is approaching record levels in proportion to our economic output (we broke records a long time ago in dollar terms), but it's all ok according to the Treasury Secretary. Many economists are becoming very concerned that we are fast approaching a tipping point on the national debt. Once we hit that point investors will demand higher interest rates to buy out debt which will cost our government billions and the resulting increase in rates could cripple our economy. The really scary part is that no one knows exactly where that tipping point is and we will not until we hit it. But have no fear Geithner is here and he says all is well...right!

American Airlines plans to start charging its stand-by fliers | Dallas Morning News

American Airlines plans to start charging its stand-by fliers | News for Dallas, Texas | Dallas Morning News | Latest News

Anyone feel like they are getting nickle and dimed?

AMERICAN VS. SOUTHWEST

American Airlines' other fees:
• First checked bag: $25
• Second checked bag: $35; $50 international
• Ticket change fees: $150/varies by destination
• Booking fee: $20 (on phone); $30 (in person)
• Unaccompanied minor: $100
• Pet in cabin: $100
• In-flight food: $3-$10 (alcoholic beverage: $6)
• Blanket/pillow set: $8

Southwest Airlines' fees:
• Unaccompanied minor: $25
• Pet in cabin: $75
• Priority boarding: $10
• Alcoholic beverage: $5
SOURCE: Smarter Travel's Ultimate Guide to Airline Fees

Ahmadinejad Says Iran Is Now a Nuclear State - FOXNews.com

Ahmadinejad Says Iran Is Now a 'Nuclear State' - Iran | Map | News - FOXNews.com


Iran continues it's antagonism of the developed world by continuing its efforts to enrich uranium further. If and when they manager to enrich it enough to hit 90% they will have the ability to create nuclear warheads which could definitely pose a risk to international security.

Obama Cuts NASA

Obama recently announced large cuts to NASA's budget that all but guarantee the US will fall behind China and Russia in space and missile technology. In general I am a strong supporter of reduced government spending, but given what else our President is spending on this seems misguided.

Protecting Yourself From the Giant New Deficit - WSJ.com

Protecting Yourself From the Giant New Deficit - WSJ.com


This Wall Street Journal article covers some basic concepts and tips for dealing with the effects of huge government deficits, higher taxes, and higher inflation that are all sure to come soon. Probably worth a look!

FOXNews.com - What Should Be Done About Unemployment?

FOXNews.com - What Should Be Done About Unemployment?

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Click on the link above and share your view with the world. The smart money is on doing nothing for the sake of our children and grandchildren that will have to pay off our national debt.

FOXNews.com - Palin Goes After Obama at Tea Party Convention

FOXNews.com - Palin Goes After Obama at Tea Party Convention

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 Hopefully we can ride this voter angst to a more balanced Congress!

Obama Budget

Obama unveiled his budget proposal. He is suggesting significant tax increases for the "wealthy" and corporations along with spending freezes. Most of his spending cuts are just for show though as his spending freezes don't address the three largest budget components nor do they do anything to fix underlying issues with social security or medicare. Also, given the weak state of the economy tax increase seem like a risky move not to mention that most if not all tax increases get passed on to consumers so they are just stealthy income tax increases in many ways. Our national debt is approaching dangerous levels and no one is taking the serious steps necessary to fix it. This link will take you to some pretty neat graphics on the budget. Time to seriously consider the Fair Tax! Check out the calculator...