The US Debt Ceiling vs. Congress

The Hill: Reports that President Obama is to invite leaders of both Chambers of Congress to a meeting Wednesday to discuss the pressing US debt ceiling. The Republicans should not budge, no tax raises, major and extensive cuts or the US goes broke. This is not political risky folks, the US will still be there the next day, the markets wont tank, the pressure will be on the White House to cut a deal, think no money to spend on ObamaCare and its other welfare projects, the Democratic Party will have a nervous breakdown, good, time to teach Democrats that elections have consequences. The US voter and Republican voters do not want the debt ceiling raised in less there are major cuts to Government spending, time to force the Oval to see reality, take the US over the edge and show that Obama is a Carter Mark 2, then the US can have another Reagan.

Portugal = 2nd Bailout ?

The New York Times: Reports that Moody’s a Credit Agency has stated that Portugal might need a 2nd bailout, like Greece. Folks this is a mess, at what point will the EU/IMF just cut bait, how much pain can the French and German taxpayer take to save Greece, Portugal and in the future Ireland. These Countries are in effect bankrupt, Moody’s has declared the debt rating of Portugal to be junk, its going to go under sooner or later, the peoples of Greece, Portugal and Ireland will not be able to cope with the tough austerity package that these countries will have to go through, the economies in these countries will decline, this will increase those out of work, thus more debt to the welfare structures of these countries. These Countries need to ditch the Euro, default on their debts, and restart, otherwise the people will suffer just to protect the banks of the inner EU, e;g Germany and France. The UK can not afford to give another bailout to Ireland, it would better for our banks to take the hit and move on, otherwise its just money down the toilet, the finance ministers of the EU don’t have a clue, they are believing their own press statements, that is the road to madness.

Afghanistan Front News

MOD: Has announced the name of the UK Soldier that was executed by the Taliban on Monday, the Soldier was “ Highlander Scott McLaren from D Company, D Company, The Highlanders, 4th Battalion The Royal Regiment of Scotland ”. Our thoughts are with the family of Highlander McLaren.

The fate of a HERO = Afghanistan

Daily Mail: Reports how the latest UK Soldier died in Afghanistan, the Soldier from the The Highlanders, 4th Battalion The Royal Regiment of Scotland (4 SCOTS) was taken by the Taliban and shot in the back of the head. These is the kind of cowards that our brave Armed Forces Personnel have to face folks, this is why any withdrawal by 2014 from Afghanistan has to be gradual, the West can not afford to give a PR victory to the Taliban, the recent attack on a Kabul Hotel and this attack shows that the Taliban see the point of symbolic attacks on Western Forces before NATO leaves in 2015. In essence they get Afghanistan back but they want to show that like the Viet Cong in the Vietnam War they have defeated a Super Power, thus as Western Forces withdraw expect more attacks, the Taliban want to claim that like their defeat of the USSR and before that the British Empire, they have thrown back a invading force. The War in Afghanistan is also about spin folks, everything is political folks.

DSK = A Cleared Man ?

Telegraph: Reports from a US paper that the former head of the IMF, Dominique Strauss-Kahn will see charges of assault dropped against him, the accusers story has become suspect. Thus if the charges are dropped there is no reason that DSK can not run in the 2012 French Presidential Election. There is the forthcoming charge of attempted assault in France a few years ago but DSK is also contesting that up and coming charge if it goes to Court. The question is does the left want DSK to run in 2012 or has the stories with women finished his political career. One can postulate that France is not the rest of the world, thus it would not surprise this blog to see DSK as the next French President.