ObamaCare Repeal ?

The Hill: Reports that Republican House will introduce a ObamaCare repeal bill before the State of the Union Address by President Obama. Thus after the Bill is passed by the House it goes to the Senate, one would expect the Bill to be dead in the Senate but the fact that Senators facing re-election in 2012 might want to pass the buck to President Obama and his veto power. It will be hard choice for Democratic Senators form Conservative states to oppose the repeal bill, thus the Oval might find a nasty surprise in the new year, it has to veto the repeal bill and defend the decision in 2012.

900 Billion Debt Time Bomb - 2011

Telegraph: Reports on the Banking and Government debt time bomb that could unravel in 2011. It has been predicted that either Portugal or Spain could go bust or both, the article notes that troubled Governments could have problems in selling their debt bonds. It is quite simple folks, there is to much debt, it would be in the interest of Ireland,Portugal and Greece to default on their debts and reconstruct future debts, the bond holders think they will be left out of pocket thus not keen to buy sovereign debt. The entire system to use a IT phrase needs a reboot, thus the debts have to be waved and a more secure debt structure created. Thus what do about the bond holders, they should be given tax credits and major allowances to make up for any major losses. In some cases they should not have to pay tax at all if the debt write off is off the chart. The above is fair and just might work folks.

Death in Afghanistan - 2011

MOD: Reports that a British Soldier was killed on the first day of 2011, the Soldier was from the “ Argyll and Sutherland Highlanders, 5th Battalion The Royal Regiment of Scotland (5 SCOTS) ”. Thus since 2001 the UK has lost 349 of its Armed Forces Personnel in Afghanistan, of that total it has lost 308 in combat operations and 41 due to illness, accidents or other incidents.