US Action News

Obama proceeded to pass his own $830 billion stimulus, auto bailouts, mortgage relief plans, the Dodd-Frank financial reforms and the $1.7 trillion ObamaCare entitlement… While spending did come down in 2010, it wasn’t the result of spending cuts but rather because TARP loans began to be repaid, and that cash was counted against spending. – Wall Street Journal

“Mrs. Thatcher foresaw with painful clarity the devastation it was bound to cause. Her autobiography records how she warned John Major, her euro-friendly chancellor of the exchequer, that the single currency could not accommodate both industrial powerhouses such as Germany and smaller countries such as Greece.” Thatcher predicted the currency would harm poorer countries because it would “devastate their inefficient economies.” – Washington Examiner

At a certain threshold, there is no painless way to pay the interest except to borrow more money. That increases the interest payments due next year, and so the “solution” is to borrow yet more next year. – of two minds.com

Peruse these reasons or pass them on to someone you know (how could there be anyone) who is undecided about voting for the worst president ever. – ConservativeDailyNews.com

“He’s trying to be like George Patton or John Wayne,” Rep. Peter King, R-N.Y., told Fox News.

So BrightSource has its government loan, and PG&E has committed to buying BrightSource’s expensive solar power, instead of cheap natural gas, in order to fulfill California’s renewable electricity generation requirement. – Washington Examiner

The liberals, their unions, their President, their media — all have to be defeated because there is no working with them. And last night, we did. Soundly. – American Thinker

In addition to 12 lawsuits against the Obama Administration including 46 plaintiffs from dioceses, hospitals and universities, the US Catholic bishops will urge Catholics to openly defy the Obama HHS Mandate. – LifeNews.com

Students of democracy from Alexis de Tocqueville to Mancur Olson have pointed out that the greatest threat to self-government comes from the tendency of democracies to become barnacled with special interests that vote themselves more benefits than society can afford. This is the crisis of the modern entitlement state, which is unfolding from California to Illinois, Greece, Italy and even Washington. – WSJ

[S]ubsidy programs paid more than $1.3 billion to non-farmers in a six year period. .. As one example, billionaire Ted Turner has received more than $200,000 in subsidies. – Capitalism Magazine