Report: Insurance Rates to Soar under Senate Health Care

By Albert N. Milliron, Editor, Politisite.comThe Congressional Budget Office (CBO) recently reported that the Senate Health Care Bill would be cost nearly 850 Billion dollars and be deficit neutral.  How is...

White House Sharply Increases Deficit Projection to $1.6 Trillion

"The federal deficit will soar to nearly $1.6 trillion this year, miring the nation in the deepest pool of red ink since the end of World War II, the nonpartisan Congressional Budget Office and the White House reported Tuesday. " This is a major problem.  This huge...

Will Sotomayor's Judicial Nomination Validate Discrimination?

Sonia Sotomayor is facing scrutiny over her possible appointment to the U.S. Supreme Court.  Supreme Court Judges serve life-time terms and never have to go up for reelection; therefore, they...

Muslim woman appointed as Obama's advisor

USA, the land of opportunities, keeps on proving the great values which form basis of it's greatness. It's true that United States of America isn't great in all respects, only Guantanamo Bay is enough to validate...

Congressional staffers, Soldiers mingle on firing range

"WASHINGTON (Army News Service, April 8, 2009) -- Congressional staffers got a chance, April 8, to interact with Soldiers from the 3rd Infantry Regiment (The Old Guard) and fire a weapon often used in operations,...

Waters Helped Bank Whose Stock She Once Owned

"By SUSAN SCHMIDT WASHINGTON -- When Rep. Barney Frank was looking to aid a Boston-based lender last fall, the Massachusetts Democrat urged Maxine Waters, a colleague on the House Financial Services Committee, to...

New York Gov. Paterson to Name Rep. Gillibrand to Clinton's Fo...

She is clearly not the mostqualified.  There is a lot ofpolitical calculation in thischoice."New York Gov. David Paterson will name Rep. Kirsten Gillibrand, an upstate Democrat, to replace Hillary Clinton in...

Obama Looking at $850 Billion Jolt to the Economy

In theory this sounds good,but he as also talking abouttax cuts.  doing both only leads toinflation and deficits.Congress should look long at this. " Anxious to jolt the economy back to life, President-elect...

Poll: Public pleased with post-election Obama

"More than a month after his November victory, President-elect Barack Obama is enjoying a larger post-election honeymoon with the American public than his recent predecessors did, according to the latest NBC...

Harry Reid says Congress Will Vote on $15B Auto Bailout, Despite Republican ...

Senate Majority Leader, Harry Reid says there will be a vote on the Auto Bailout dispite Congressional Republican Opposition.  The vote will be today or Wendsday."Congress and the White House are working...

Ford Motor Company Statement on Proposed Congressional Automotive Industry Bill

I offer the following straight off the Ford PR presses."DEARBORN, Mich., Dec. 8 – As we told Congress, Ford is in a different position. We do not face a near-term liquidity issue, and we will not be seeking a short term bridge loan. But Ford fully supports an effort to...

Bush, Democrats seek to finalize auto bailout

"– White House and congressional negotiators sought on Sunday to remove remaining differences over an emergency rescue for the struggling auto industry, a stark symbol of the deepening U.S. economic crisis. ...

Anh 'Joseph' Cao beats Rep. William Jefferson in Louisiana Congressional Run-Off

"Indicted U.S. Rep. William Jefferson suffered what may be the final blow of his storied political career in the most improbable way Saturday, when an untested Republican opponent took advantage of Louisiana's new...

Deadlock over Detroit ends with $15 bn bridge loans, peanuts for Big 3

Detroit Automakers to survive Christmas $15bn is less than expected. The real costs to keep GM alive are $ 450bn in total, including the "Revolver loans" out of the good times, but the banks are not existing any...

Citigroup Bailout May Assist More Homeowners

The government's multibillion-dollar bailout of Citigroup Inc. requires the giant financial services company to lower loan rates for struggling homebuyers who are behind on their mortgage payments. This rescue...

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