A News Roundup For The Week

Facts that everyone should pay attention to, because we’re all in this together.

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So now it appears that President Obama knew all about those AIG bonuses – in time to do something about them.

From the New York Post, be sure to read the whole story:

Monday, Obama asked: “How [does AIG] justify this outrage to the taxpayers who are keeping the company afloat?”

Simple – Obama’s own Treasury Department gave them the go-ahead.

Yes, Treasury will now seek to extract $165 million from AIG future bailout booty, making the taxpayers whole.

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New deficit estimates much worse than W. House predicted.

How much worse? According to Yahoo News (source):

President Barack Obama’s budget would generate deficits averaging almost $1 trillion a year over the next decade, according to the latest congressional estimates, significantly worse than predicted by the White House just last month.

The Congressional Budget Office figures, obtained by The Associated Press Friday, predict Obama’s budget will produce $9.3 trillion worth of red ink over 2010-2019. That’s $2.3 trillion worse than the White House predicted in its budget.

Worst of all, CBO says the deficit under Obama’s policies would never go below 4 percent of the size of the economy, figures that economists agree are unsustainable. By the end of the decade, the deficit would exceed 5 percent of gross domestic product, a dangerously high level.

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And Finally, 7 global climate scientists want to challenge Al Gore on his theory of global warming… but Al Gore (that great scientific mind) refuses to consider new evidence and will not be challenged. Just keep in mind that the government is spending billions on “global warming” when most of the experts agree that it’s not really happening. This will make for dinner table conversation: