When Medicare was first introduced in 1965, skeptics such as Barry Goldwater and Ronald Reagan bemoaned the implementation of socialized medicine and the extravagant cost of the original $3 billion plan. Little did they know that $3 billion was only the beginning.
President Obama and his fellow enthusiasts for "green technology" have stumbled into a thicket of their own making. Most of the their pet "alternative energy" projects -- solar panels, hybrid and electric car batteries, wind turbine magnets, compact fluorescent light bulbs, etc. -- are dependent upon "rare earth elements" that have been made all but unobtainable here in the United States, thanks in significant measure to environmental extremism.
A three-woman television production crew approached the security line bordering President Barack Obama’s vacation home location in Kailua, Hawaii just before dawn last Wednesday, December 29. The women — host R.J. Hampton, journalist Sherri Kane and producer Sativa Jones — are part of We Are Change, described on its website as "a citizens-based peace and social justice movement working to reveal the truth behind the events of September 11, as well as other suspected false flag attacks that have taken place around the world."
Incoming Tea Party-elected officials continue to vow to target deficit spending. Fox News writes, “Republicans elected to Congress with the help of Tea Party support pledged Sunday to devote themselves to balancing the budget over all else when they start their new jobs on Wednesday.”
According to the federal government’s 2010 financial statements, released in late December, the 2010 deficit was $1.29 trillion, a slight decrease from the 2009 deficit of $1.42 trillion. Despite this minor improvement, the long-term debt when all obligations are taken into account, including such major unfunded liabilities as Social Security and Medicare, is an astounding $64 trillion — and that may be understating things by about $12.3 trillion, says John Williams of ShadowStats.com (as reported by Douglas French on the Ludwig von Mises Institute blog).