By: John Carney
CNBC.com

Official Congressional budget estimates understate the peril of rising debt, Fed chair Ben Bernanke told the Budget Committee on Capitol Hill today.

Warning that our nation’s fiscal health has deteriorated appreciably since the onset of the financial crisis and the recession, Bernanke called upon lawmakers to confront the long term fiscal challenges sooner rather than later. If lawmakers don’t confront them, they’ll find themselves confronted by them.

From Bernanke’s prepared remarks:

By definition, the unsustainable trajectories of deficits and debt that the CBO outlines cannot actually happen, because creditors would never be willing to lend to a government with debt, relative to national income, that is rising without limit. One way or the other, fiscal adjustments sufficient to stabilize the federal budget must occur at some point. The question is whether these adjustments will take place through a careful and deliberative process that weighs…

Susanne Posel
PAKALERTPRESS.COM

The demonization of US veterans has been a reoccurring theme in mainstream media of late.

Last week, it was recounted by mainstream media (MSM) that Terence Tyler, former US Marine had opened fire on his co-workers at a New Jersey supermarket called Pathmark before turning the gun on himself.

Tyler was reported to have been carrying an AK-47 with several rounds of ammunition, as well as a handgun when he began “shooting seemingly at random” into the supermarket. The semiautomatic weapon Tyler used in the shooting is purported to be illegal according to New Jersey state laws if it is enhanced with elements that would raise the gun to the level of assault rifle.

Bruce Kaplan, Middlesex County prosecutor said that there were 16 shots fired in the Pathmark store at 4 am wherein 2 co-workers of Tyler were killed. Kaplan asserts that he does not…

“The Syrian crisis is a tragedy that is a montage of so many other recent Western-scripted tragedies: Afghanistan, Iraq and Libya. The same lies and fabrications, the same horror and suffering, and the same Western criminals posing as heroes.“

By Finian Cunningham, Global Research

The so-called Free Syrian Army fighters take cover as they exchange fire with Syrian forces in the Salaheddin neighbourhood of Syria’s northern city of Aleppo on August 22, 2012.

The Syrian crisis is a tragedy that is a montage of so many other recent Western-scripted tragedies: Afghanistan, Iraq and Libya. The same lies and fabrications, the same horror and suffering, and the same Western criminals posing as heroes.

The conflict in Syria is unfolding like a predictable plot line – a script that appears to be a re-run of some Hollywood cliché movie – only the script is being written with outrageous cynicism in…

In other words, Romney has been vindicated but other than CNN, not a word from the rest of the useful idiots spreading Marxist propaganda.

To put it mildly, Durbin came off as a chump and a disgrace.  It is so like Progressives to pick a fight in order to divert attention away from their sins.

Dick Durbin is showing his paranoia and guilt.

Twenty-four hours after a national uproar eruupted regarding Progressives removing “God” and Pro-Israel language from their platform, Progressives buckled and reversed the ruling by voting the language back into the platform.

Correction, the language was not exactly voted back in.  It was re-inserted by fiat.  Sound familiar?

BREITBART

“Tonight, the Democratic National Committee suspended the rules of the convention and inserted language regarding God and the State of Israel back to its platform. They had to vote three times to do it – and they had to lie to deem it passed, even though it was clear that the measure did not pass a voice vote in the chamber. The original 2012 Democratic Party platform had excised all mention of God and Jerusalem as the capital of the State of Israel.

Mayor Antonio Villaraigosa of Los Angeles, the head of the Democratic National Convention, got up and asked for a…

By Meghan Kelly
VENTURE BEAT

Ready for the most outlandish story of your morning? Here we go. Today, a hacker allegedly stole Mitt Romney’s tax returns, is demanding $1 million in Bitcoins for silence, and sent a USB drive and letter to the GOP and Democratic party offices in Williamson County, Tennessee as proof.

Williamson County Republican party executive director Jean Barwick confirmed to VentureBeat that the U.S. Secret Service has taken the USB drive and letter from the GOP party office to examine it and see if this is a hoax or a real situation.

“We don’t know what this will turn into if anything,” said Barwick in an interview with VentureBeat. “[The Secret Service] didn’t say what they would do with it.”

In a letter, the hacker says the records were stolen from PricewaterhouseCoopers in Franklin, Tenn.

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