As the record federal budget deficit draws increasing scrutiny from Washington to Wall Street to Main Street, deficit hawks may take aim at entitlement programs including Social Security.

via Will Baby Boomers Bankrupt Social Security?

Ah yes, blame the boomers  for the mismanagement of a government mandated ponzi scheme.

And don’t get me started on how SS is another FAILED social program from the “great” F.D.R.

Moody’s Investors Service fired off a warning on Wednesday that the triple A sovereign credit rating of the US would come under pressure unless economic growth was more robust than expected or tougher actions were taken to tackle the country’s budget deficit.

In a move that follows intensifying concern among investors over the US deficit, Moody’s said the country faced a trajectory of debt growth that was “clearly continuously upward”.

via FT.com / Companies / Financial Services

The Treasury Department said Wednesday it expects to hit the government’s debt ceiling by the end of February, putting pressure on Congress to raise the limit from its current level of $12.4 trillion

.Treasury said it is working closely with Congress to raise the ceiling. The Senate has approved legislation to increase it by $1.9 trillion to $14.3 trillion. A ceiling that high would equal about $45,000 for every American. The House is expected to vote on the increase Thursday.

via Treasury expects to hit debt limit in February

The government’;s response to the financial meltdown has made it more likely the United States will face a deeper crisis in the future, an independent watchdog at the Treasury Department warned.

The problems that led to the last crisis have not yet been addressed, and in some cases have grown worse, says Neil Barofsky, the special inspector general for the trouble asset relief program, or TARP. The quarterly report to Congress was released Sunday.

via Watchdog: Bailouts created more risk in system

Earlier, senators voted 77-23 to end debate, clearing the way for a final vote. During more than two hours of debate on the Senate floor, Bernanke backers warned that voting him down risked sparking turmoil in U.S. and foreign markets and thwarting a budding economic recovery. They said the Fed chairman deserved an opportunity to finish what he started.

via Senate Votes in Favor of Bernanke

And what he started was a complete meltdown of the financial system.

Nice move Senate!

“There is no empirical data to support the introduction of a new (uptick) rule,” Hyndman said yesterday at a securities industry conference in Chicago. “But this is the least intrusive of the proposals the SEC was considering.”

via SEC Proposes Very Limited Reintroduction of Uptick Rule on Short Selling

Brian, you retard. The ONLY empirical data around proves that an economy using fiat money ALWAYS fails.

The Obama administration plans next week to revamp its $75 billion program aimed at sparing homeowners from foreclosure, streamlining the documents required of borrowers seeking lowered payments, according to financial industry executives and others who have met in recent days with Treasury officials.

via Treasury Looking to Fix Its Making Home Affordable Program

If you ever needed proof that the Government was, at worst, lying or, at best, misleading you, here it is:

President Obama, looking to recoup billions in expected losses from the Troubled Asset Relief Program, will announce a plan Thursday to impose fees on the country’s biggest financial institutions, a senior administration official told CNN.

via Obama to announce bank fees to cover billions in TARP losses

But on Dec 16, 2009, this is what was said (link):

The Troubled Asset Relief Program has generated at least $16 billion in profit so far, the Treasury Department said late Wednesday.

Both statements about the TARP are true. The second one  just not the WHOLE truth. The TARP has made $ 16 billion in profit SO FAR. The problems is, in the end, the taxpayers lose hundreds of billions of dollars.

You really have to listen close to what Geithner says, he is a real snake. I mean really, would you buy a house from this guy>

Who needs a government that tells half-truths? Not me.

The Center for Constitutional Rights released a report titled “Conditions of Confinement at Guantánamo: Still In Violation of the Law,” which found that abuses continued. In fact, one Guantanamo lawyer, Ahmed Ghappour, said that his clients were reporting “a ramping up in abuse” since Obama was elected.

Now, reports are circulating that boys were tortured last year – after Obama was sworn in as President – at the Bagram prison in Afghanistan:

via  Torture Is Continuing Under the Obama Administration, Creating More Terrorists and Further Destabilizing the Economy

Boy, things are sooooo much better now that Bush is gone!

The Obama administration will announce that 2010 will be renamed 2009, giving us another year of leeway to recover from the crisis. The move will make Obama?s poll ratings soar, as everyone would love to turn back the clock on their lives. ?It?s just like daylight savings time, but in reverse,? the president will say.