http://www.youtube.com/watch?v=siAqelKBUAA

h/t Resistor in the Rockies

http://www.youtube.com/watch?v=KIpHuAh0sOI

Almost a year ago we shared a calculation according to which “Over $120 Billion In Federal Student Loans In Default“, suggesting that the next credit crisis has already arrived. Since then the topic of the student loan bubble has become a household topic. Sadly, that does not mean it has gotten any better. In fact, according to the latest Education Department data it has gotten as bad as it has ever been. As Bloomberg reports, not only have overdue student loans reached an all-time high but the number of young people aged 20-24 out of school and unemployed is at a record high: not quite astronomic by European standards, but hardly a ringing endorsement of an economy set to transition labor tasks to the next generation, especially with the employment of those 55 and older at all time highs.

From Bloomberg:

Eleven percent of student loans were seriously delinquent — at least 90 days past due — in the third quarter of 2012, compared with 6 percent in the first quarter of 2003, according to the report by the U.S. Education Department. Almost 30 percent of 20- to 24-year-olds aren’t employed or in school, the study found.

More…

Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt.

In a letter to congressional leaders, Lew said that he would tap the civil service retirement and disability fund and a similar fund that covers retired postal workers. The law allows him to remove investments from these funds to clear room for more borrowing until Congress votes to raise the debt limit

Under the law, any investments diverted from the pension funds must be replaced with interest once Congress approves raising the debt limit.

Lew has said the various bookkeeping measures he is allowed to employ should provide enough maneuvering room to keep the government from defaulting on its debt until after Labor Day. Other estimates say Lew may be able to forestall a default until as late as November.

More…

h/t Tom R

Rep. Robert Brawley of Mooresville issued a resignation letter Wednesday on the House floor.

Brawley claimed Tillis intimidated him over a bill broadening the service area of local cable provider MI Connections because Tillis has a business relationship with Time Warner Cable. Tillis’ spokesman said he isn’t aware of any relationship.

More…

h/t Ron Woodard

Just a couple of weeks ago my column spoke of how Christianity is in serious decline in our White House to Obama’s preferred – and publicly acknowledged favored Islam.  More evidence: In an interview with Nicholas Kristof, published in The New York Times, on February 27, 2007, Obama recited the Muslim call to prayer, the Adhan, “with a first-class [Arabic] accent.”

The opening lines of the Adhan (Azaan) is the Shahada:

“Allah is Supreme! Allah is Supreme!
Allah is Supreme! Allah is Supreme!
I witness that there is no god but Allah
I witness that there is no god but Allah
I witness that Muhammad is his prophet… “

According to Islamic scholars, reciting the Shahada, the Muslim declaration of faith,  makes one a Muslim. This simple yet profound statement expresses a Muslim’s complete acceptance of, and total commitment to, the message of Islam.

More…

http://www.youtube.com/watch?v=ri8o0tn9usg

• Two men repeatedly stab and try to behead off-duty soldier in SE London
• During attack they shouted ‘Allah Akbar’ and told witnesses to film them
• Charged at police officers with rusty revolver, knives and meat cleavers
• Killing took place 200 yards from barracks and close to primary school
• Both men placed under arrest after being treated for gunshot wounds
• PM: Killing is ‘sickening’ and Britain will ‘never buckle’ in face of terror

By Arthur Martin, Sam Greenhill, Chris Greenwood, Mark Duell and Rob Cooper

PUBLISHED: 09:49 EST, 22 May 2013 | UPDATED: 19:39 EST, 22 May 2013

Clutching a bloodied meat cleaver after executing a soldier on a crowded street, he delivers a  chilling message of hate.

‘You people will never be safe,’ he declares in a clear south London accent. ‘An eye for an eye, a tooth for a tooth.’

In broad daylight, he and an accomplice had just repeatedly stabbed and tried to behead an off-duty soldier in front of  dozens of passers-by.

Scroll down for videos // Did you witness the killing and take pictures or video? Or do you know the men involved? Email us: mailonlinepictures@dailymail.co.uk

 

 Statement: ITV News obtained footage of a man with bloodied hands and knives speaking to a camera

Full Story at the UK MailOnline

http://www.youtube.com/watch?v=qSdEKzdbS_Q

Source

JGB Futures plunge to two-year lows…

More…

http://www.youtube.com/watch?v=uGg5n-c0bxg

Rep. Chaffetz questions Douglas Shulman concerning the IRS investigation of patriot groups. May 22, 2013

http://www.youtube.com/watch?v=rnSlSRvHbRw

Senator Cruz is not a politician; he is a statesman.

David DeGerolamo

http://www.youtube.com/watch?v=XV8Exrsdr1o

Rep. Jim Jordan (R-Ohio) questions Douglas Shulman at the IRS hearings. When asked if he is being square with his answers, Shulman replies “Excuse me?”

Source: 90 Miles From Tyranny

One day before President Obama is due to deliver a major speech on national security, his administration on Wednesday formally acknowledged that the United States had killed four American citizens in drone strikes in Yemen and Pakistan.

…

“These individuals were not specifically targeted by the United States,” Mr. Holder wrote.

While rumors of Mr. Mohammed’s death had appeared in local news reports in Raleigh, N.C., where he lived, his death had not been confirmed by the United States government until Wednesday.

According to former acquaintances of Mr. Mohammed in North Carolina, he appears to have been killed in a November 2011 drone strike in South Waziristan, in Pakistan’s tribal area. Mr. Mohammed’s wife, whom he had met and married in Pakistan, subsequently called his mother in North Carolina to tell her of his death, the friends say.

More…

“We swear by almighty Allah we will never stop fighting you.”

http://www.youtube.com/watch?v=lDtL0TKjw3w

As I wrote earlier, we are in a fight against evil.

David DeGerolamo

h/t Randy D

More…

http://www.youtube.com/watch?v=FvfFmLeygSM

Douglas Shulman is questioned by Rep. Jackie Speier on Patriotgate. Listen to this quote at 1 minute, 45 seconds:

“One of the problems we have here is people are unwilling to take responsibility for actions that happen under their control.”

Can we apply this to the Benghazi tragedy?

David DeGerolamo

Our newest rubber stamp to send a message to the government.

David DeGerolamo

http://www.youtube.com/watch?v=10EWW7hPWhQ