Going Broke: Treasury Down to $58.6B in Cash, $130.5B Borrowing Authority | CNSnews.com

Imagine that you had an average monthly income of about $170 balanced against average monthly expenses of about $940–and that you were more than $14,000 in debt.

Then imagine that as of today, you had only $58.60 in cash left in your bank account and $130.50 left on your line of credit.

Now multiply these numbers by 1 billion and you will have the up-to-date financial situation of the U.S. government.

via Going Broke: Treasury Down to $58.6B in Cash, $130.5B Borrowing Authority | CNSnews.com.

Obama More 'Hawkish' Than Bush, Yet Better at Carrying Out His Policies Say 'Morning Joe' Pundits

Is Obama more hawkish and yet more charming than his immediate predecessor? Apparently so, claimed Times Mark Halperin and MSNBC’s Mika Brzezinski on Thursday’s edition of Morning Joe. Halperin believes that President Obama has been more cavalier than his predecessor, and Brzezinski thinks that although Obama has extended many of Bush’s unpopular policies, he brings […]

CBS Wonders if U.S. 'Transfer of Power' in Libya Has 'Brushed Back' Criticism of Obama

On Friday’s CBS Early Show, the network did its first full segment on criticism of the Obama administration’s Libya policy, with co-host Chris Wragge declaring: “As the transfer of power gets set to happen, President Obama finds himself on the hot seat over his handling of the crisis.” However, the segment that followed featured no […]

Email from Liberty Counsel

Liberty Counsel Mathew Staver, Founder and Chairman Date: 3/25/2011 Many leaders are now calling President Barack Obama’s actions in response to the Libya crisis “an affront to the Constitution.”  I believe this President’s legacy will be considered his overt subversion of the Constitution and its system of checks and balances. We must exhort our elected […]

White House Says It Did Consult With Congress on Libya; Suggests Some Criticism ‘Driven by Politics’ | CNSnews.com

Congress was adequately consulted before the military assault against Libya began, White House Press Secretary Jay Carney said Thursday. Congress did not formally authorize military action, but Carney laid out a number of instances in which President Barack Obama and various administration officials informed members of Congress. Members of Congress from both parties have raised […]

CBO Sees Benefits in Taxing Motorists Based on Miles Driven | CNSnews.com

(CNSNews.com) – A new Congressional Budget Office study says taxing motorists based on the number of miles they drive would be a fair and “efficient” way to charge motorists for the real cost of using the nation’s highways. “Vehicle-miles traveled” taxes (or VMT taxes) also would provide a strong incentive for people to drive less. […]

» Malkin: The Weiner Waiver Wormhole Commentary

New York Democratic Rep. Anthony Weiner toasted the one-year anniversary of Obamacare this week — and accidentally spilled his champagne glass all over the disastrous, one-size-fits-all mandate. Ostensibly one of the federal health care law’s staunchest defenders, Weiner exposed its ultimate folly by pushing for a special cost-saving regulatory exemption for New York City. If […]

Bill O'Reilly: Bill's Column – The Triumphant of Evil

The opposition to military action in Libya is fascinating. President Obama is taking incoming from both the left and the right as various agendas collide against neutralizing Qaddafi in Libya. The dissent is all over the place, so lets try to simplify the situtation. We begin with a quote from Edmond Burke: “The only thing […]

Lack of Congressional Approval for Libyan Strike Doesn't Bother CBS, NBC

The exact quote from then-Senator Obama in 2007: The President does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation. As Commander-in-Chief, the President does have a duty to protect and defend the United States. In […]

Nets Concerned Over Congress' Role In Run-Up to Iraq, Now Barely Notice Obama's End-Run

The Obama administration launched its air war against Moammar Qaddafi’s Libya after a vote of the UN Security Council, but without any congressional authorization — and apparently not even very much consultation with congressional leaders. A review of the ABC, CBS and NBC evening newscasts from Friday night through Monday night found virtually no network […]