According to recent calculations by the Peter G. Peterson Foundation (PGPF), the sum of America’s debts and other financial commitments is about to exceed the collective net worth of its citizens. That means that for the first time in our history, we’ll owe more money than all of us have combined.

What’s responsible for this unprecedented shift? Growth in the government’s unfunded promises for social insurance programs such as Medicare, combined with a drop in Americans’ net worth, due mainly to lower home equity values.

PGPF’s calculations are based on the new consolidated federal financial statements as of September 30, 2008, which notably, do not reflect the additional toll taken by more recent market declines, bailout packages, and record October and November deficits.

But there’s hope yet. Since its launch this year, the Foundation has invested nearly $11 million in grants to raise awareness of, and seek solutions to the nation’s fiscal challenges. As Americans say goodbye to 2008, and look towards the new year, PGPF will continue to work with its extraordinary grantee partners as they focus on a variety of timely initiatives to help put our nation back on a fiscally prudent and sustainable path.

Whole story …

I have been watching this Franken situation since election day.
Today I stumbled onto an article by Ann Coulter.

She is caustic no doubt about it. Funny certainly! Rabidly hated by the left who generally have no comeback other than name calling. All of this as she blows them off and laughs all the way to the bank. Apparently her books are evenly read by both sides of the political isle.
Clearly she is not “politically correct” which gives her “kudos” in my book. So I just dashed out to order an autographed copy of her latest “Guilty” … I trust it will not be dull or disappointing.

Her read on the situation and as always you decide what to make of it.

Posted: December 17, 2008
5:45 pm Eastern

© 2008

It’s bad enough that the Republican Party can’t prevent Democrats from voting in its primaries and saddling us with the New York Times’ favorite Republican as our presidential nominee. If the Republican Party can’t protect an election won by the incumbent U.S. senator in Minnesota, there is no point in donating to the Republican Party.

The day after the November election, Republican Sen. Norm Coleman had won his re-election to the U.S. Senate, beating challenger Al Franken by 725 votes.

Then one heavily Democratic town miraculously discovered 100 missing ballots. And, in another marvel, they were all for Al Franken! It was like a completely evil version of a Christmas miracle.

As strange as it was that all 100 post-election, “discovered” ballots would be for one candidate, it was even stranger that the official time stamp for the miracle ballots printed out by the voting machine on the miracle ballots showed that the votes had been cast on Nov. 2 – two days before the election.

Whole story …