Treasury Tapping Federal Retirement Accounts to Stave Off Default

Uncle Sam is about to start borrowing from his nieces and nephews to stave off the immediate threat of default. 

Treasury Secretary Tim Geithner has informed members of Congress that, with the U.S. government reaching its $14.3 trillion debt ceiling Monday, his department will have to turn to a string of last-resort measures so that the government can keep paying its bills. At the top of the list is a plan to suspend investments to two government employee retirement funds, while borrowing from one of them. 

They just can't help themselves!

Read more: http://www.foxnews.com/politics/2011/05/16/government-hits-debt-ceiling-treasury-urges-lawmakers-reach-budget-deal/#ixzz1MYpRbJyv

Obama's Hypocritical Rhetoric on Immigration Reform

Barack Obama's immigration speech in El Paso May 10 was an exercise in electioneering and hypocrisy. Hypocrisy because while Obama complained about "politicians" blocking comprehensive immigration bills, he was one of them himself.

In 2007, when such a bill was backed by a lame duck Republican president and had bipartisan backing from Senate heavyweights Edward Kennedy and Jon Kyl, Sen. Obama voted for union-backed amendments that Kennedy and Kyl opposed as bill-killers.

In 2009 and 2010, President Obama acquiesced in Speaker Nancy Pelosi's decision to pass cap-and-trade and bypass immigration and in Senate Majority Leader Harry Reid's decision not to bring an immigration bill to the floor.

Both times the votes were probably there to pass a bill. Obama did not lift a finger to help.

But that did not stop the president who is constantly calling for civility to heap scorn on those who seek stronger enforcement. http://townhall.com/columnists/michaelbarone/2011/05/16/obamas_hypocritical_rhetoric_on_immigration_reform