Economists at the International Monetary Fund (IMF) warned of U.S. government finances in disarray and out-of-control entitlement spending in a report published earlier this month, predicting a bleak future of significantly higher taxes for Americans even with less government spending.

Speculation over the length of conservative pundit Glenn Beck’s tenure at Fox News has pervaded media circles and conservative blogs almost since the first days of his appearance on the news channel. As Beck’s contract is set to expire in December of this year, it appears more likely that Beck may leave Fox News and possibly start his own channel.

On February 4, 2009, President Barack Obama signed legislation establishing a $500,000 limit on executive compensation at firms receiving federal aid through the Troubled Asset Relief Program. “In order to restore trust” to our financial system, Obama said during the signing ceremony, “we’ve got to make certain that taxpayer funds are not subsidizing excessive compensation packages on Wall Street. He referred to these “lavish bonuses” for executives at failing firms as “the height of irresponsibility” and “shameful” — “exactly the kind of disregard for the costs and consequences of their actions that brought about this crisis.”

Constitutionalist Rep. Ron Paul (R-Texas), the Chairman of the House Financial Services Subcommittee on Domestic Monetary Policy, is planning to hold hearings about the Federal Reserve’s bailouts of foreign-owned banks during the economic crisis.

BoeingWith the turmoil in the Middle East and the catastrophe in Japan, it is easy to be distracted from the power plays of the global elite. But this week’s ruling by the World Trade Organization declaring $5.3 billion in U. S. government subsidies to Boeing Corporation illegal is a significant episode in the 15-year effort of the WTO to wrest trade sovereignty from the nations of the world and consolidate it under a global authority.

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