CNSNews.com) – In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.
The U.S. Treasury Department divides the federal debt into two categories. One is “debt held by the public,” which includes U.S. government securities owned by individuals, corporations, state or local governments, foreign governments and other entities outside the federal government itself. The other is “intragovernmental” debt, which includes I.O.U.s the federal government gives to itself when, for example, the Treasury borrows money out of the Social Security “trust fund” to pay for expenses other than Social Security.
House GOP Leader John Boehner created a stir last month when he called on President Obama to fire his top economic advisors, Treasury Secretary Tim Geithner and Assistant to the President for Economic Policy Larry Summers, because of the Administration’s disastrous economic performance. But while Summers is, indeed, a clueless Keynesian, and Geithner is a career bureaucrat, they are not the source of the problem. The source of the problem is the Godfather of the Administration’s economic policies, President Obama himself.
Consequently, what is needed is not to fire Geithner or Summers, but to fire Obama. While President Obama is not on the ballot this fall, the American people will nevertheless have the opportunity in November to do precisely that, by effectively removing him from power, as explained further below. Reality will continue to punish the American people harder and harder until they do.
Nine years after the heroes of Flight 93 rebelled against the terrorists who hijacked their plane — crashing it into a field in Shanksville, Pa., instead of allowing it to smash into an unknown, high-profile target in Washington, D.C. — the design of a memorial to honor the 40 passengers and crew who died remains a subject of bitter controversy.
Since 2005, when plans for the Flight 93 National Memorial were unveiled, a group of critics, including the father of one of the heroes who died, have protested loudly that the memorial’s design is rife with Islamic symbols. They haven’t wavered in their protest — even though some design elements have been changed — and they plan to run a full-page ad opposing the design in a local newspaper on Friday and Saturday, when the nation will pause to remember September 11.