Fannie Mae & Freddie Mac Take a Pay Cut

At last, there is something to cheer about in Congress.  According to The Washington Post, the House passed a bill to cut the pay raises to the CEOs of the Fannie Mae and Freddie Mac lending companies. From The Washington Post’s story: The U.S. House of Representatives voted to approve a bill that would suspend new annual target compensation of $4 million each for Freddie Mac CEO Donald Layton and Fannie Mae CEO Timothy Mayopoulos. If signed into law by President Obama, the bill would return Read more […]

How Desperate Are The Democrats? They Are Willing To Give Up House To Keep Senate

And they know they might not even keep the Senate. The same people who are claiming that the Tea Party is killing the GOP and that the Republicans need to “rescue” their party from the clutches of the Constitutional extremists, are also admitting that they are going to lose ground in the House of Representatives and that they might lose the Senate. With Democrats’ grasp on the Senate increasingly tenuous — and the House all but beyond reach — some top party donors and Read more […]

Our Government Is Going To Increase Its Debt Load To Pay Interest On Debt: The World Economy Is Saved!

If you wanted to know what a planet run by drunken morons might look like, all you had to do was skim the headlines from last night. Ted Cruze “CAVED” we were told. “IT’S OVER.” So now we have raised the debt limit. What does that mean? We are told that it means that the United States won’t default on its debt. It will be able to pay the interest on the loans. How will it be able to pay that interest? Answer: By borrowing more money. This means the world economy is safe. Read more […]

Killing the Obamacare Zombie: Hope Lives!

“But Republican governors are folding like cheap lawn chairs,” you say. “And political eunuchs in the GOP establishment are bowing to Obama like he bows to foreign dictators. Any hope of repeal is long dead, and besides, Chief Justice John Roberts put the final nail in the judicial coffin last summer, didn’t he? Any chance of killing the Obamacare zombie is gone, right?” Wrong. Not surprisingly, the mainstream media paid it little attention, but back in November the U.S. Supreme Court Read more […]

Ron Paul: The federal government is Nero

Ron Paul gave a one-hour speech on the floor of the House of Representatives yesterday. Paul is leaving Congress in January and said that this address is likely “the last time I speak on the House floor.” In typical Ron Paul fashion, he left no doubt as to what he thinks about the current state of America and about the disastrous effects of big government and wild deficit spending; what he referred to as “a major financial crisis and… a foreign policy that would overextend us and undermine Read more […]