January 30, 2006

US Government is in technical default

As of January 26, 2006, our national debt was $8,190,567,748,779.48-- that's $8.191 trillion. Yet the US national debt 'ceiling' stands at $8.184 trillion - a full seven billion dollars less. Although our congress has been called upon by US Treasury Secretary John Snow, it has not passed an expansion of the debt ceiling, and so the US government is now operating in technical default.

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Congresspeople pass pork in order to get re-elected

Nearly a dozen House and Senate members who control federal spending, have hired lobbying veterans to raise campaign funds for them in return for lucrative favors. These favors, or "earmarks", have become so consuming to our incumbents seeking re-election, that they are neglecting their official duties.

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