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CBO Director Announces Something that We Already All Know

Posted by Defend America on Friday, July 17, 2009 6:40:30 AM

The Long-Term Budget Outlook

Today I had the opportunity to testify before the Senate Budget Committee about CBO’s most recent analysis of the long-term budget outlook.

Under current law, the federal budget is on an unsustainable path, because federal debt will continue to grow much faster than the economy over the long run.

http://cboblog.cbo.gov/?p=328
Tags: government  
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Susan Roesgen Out at CNN

Posted by Defend America on Friday, July 17, 2009 6:39:04 AM

Susan Roesgen Out at CNN

Breaking: TVNewser has learned CNN correspondent Susan Roesgen's contract will not be renewed and she will be leaving the network.

Roesgen, you'll recall, was criticized for her coverage at the tax day tea parties in April, when she said the event she was covering in Chicago was, "anti-CNN since this is highly promoted by the right-wing, conservative network Fox."

Remember her:
Tags: Media  
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July 17th in American History

Posted by Defend America on Friday, July 17, 2009 6:01:21 AM
1821 - Spain ceded Florida to the U.S. 


July 17, 1862

Confiscation Act approved

In a big step toward emancipation, President Lincoln approves the Confiscation Act, which declares that any slaves whose owners were in rebellion against the government, would be freed when they came into contact with the Union army.

http://www.history.com/this-day-in-history.do?action=Article&id=2250

1960 - Francis Gary Powers pled guilty to spying charges in a Moscow court after his U-2 spy plane was shot down over the Soviet Union.

1987 - Lieutenant Colonel Oliver North and rear Admiral John Poindexter begin testifying to Congress at the "Iran-Contra" hearings.
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