Tonight Standard and Poors reduced the credit rating of the Untied States from AAA to AA+. Their main reasoning (see report here – PDF) is that our spending is still high and we are not increasing revenue. As matter of fact the report really unleashes on the revenue part: Compared with previous projections, our revised […]
With an ethics probe and calls for resignation mounting against John Ensign, the embattled Senator has one friend willing to lie for him – Joe Scarborough. This morning while discussing the ongoing trouble for Ensign, Scarborough asked if anyone called for John Edwards to resign when his affair came out. Wait! Edwards resign? Joe apparently […]
These companies that are being given lifelines by our government are like a bunch of children. They want all the money, but don’t want to take on any responsibility. Here’s a perfect example: AIG, Citibank and a number of other federally bailed-out financial institutions have no plans to cancel hundreds of millions of dollars in […]
Cases like the rape allegations against KBR are like Pandora’s Box – once you open it then it keeps getting worse: Congress is asking questions about another ex-employee of government contracting firm KBR who claims she was raped in Iraq. Letters to the Pentagon and the Justice Department today from Sen. Bill Nelson, D-Fla. underscore […]
Glenn Greenwald has torn apart the smear attack against our troops, which was launched by FOX news analyst David Hunt. The entire thing deserves a good reading, because this is a far more brazen attack than any Move On ad. Hunt is targeting the generals, and as the resolutions passed by the House and Senate […]
Will someone in the US Administration please make their bloody mind up: Report by the BBC The US ambassador to Iraq has said that continuing sectarian violence there had the potential to turn into civil war. In an interview with the Los Angeles Times, Zalmay Khalilzad indicated that the US had little choice but to […]
While we got the administration denying any chance of Iraq heading towards a civil war, even the US envoy is warning of the threat of a “wider war”. From today’s L.A. Times: The top U.S. envoy to Iraq said Monday that the 2003 toppling of Saddam Hussein’s regime had opened a “Pandora’s box” of volatile […]