BY RICH GALEN
Reprinted from Mullings.com
It is well known that there are a number of countries in Europe that are in dire financial straits. So dire that they make our $16.7 trillion national debt look manageable.
We know about Greece and Italy, Portugal and Spain. Not only are they drowning in debt, but they have high unemployment (Spain’s is nearly 25 percent) and negative GDP growth.
But the scariest news over the weekend came from the tiny country of Cyprus. Continue reading
BY MICHAEL S. JOHNSON
President Obama is expected to spend a record-breaking $1 billion on his re-election campaign. That’s a lot of money, but there’s more. There are super PACS and interest groups and party organizations, all of which will spend added millions on his re-election.
There’s another pot of money, however, that should be added to the total–the growing amount of tax dollars being used to fund trips and functions that are classified by the White House as “official government business” but are in reality, purely partisan campaign events.
Speaker John Boehner finally spoke up last week, calling the President’s whirlwind taxpayer funded tour of college campuses “pathetic” and “beneath the dignity” of the White House. The President went to colleges in three battleground states, at taxpayers’ expense, presumably to rally support for a problem that was pretty much solved before Air Force One left the ground.
The college town tour was just one of many diversions of taxpayer funds to the campaign. It’s been going on for nine months, and it’s getting worse. Continue reading