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“Despite pledges by President George W. Bush and American intelligence officials to the contrary, hundreds of US citizens overseas have been eavesdropped on as they called friends and family back home, according to two former military intercept operators who worked at the giant National Security Agency (NSA) center in Fort Gordon, Georgia. ” [Link]
“Weak revenue growth and accelerated spending — including an economic stimulus package that returned billions to taxpayers — will drive the federal deficit to $407 billion in the fiscal year that ends this month, more than double last year’s $161 billion, congressional budget analysts reported today. With the economy expected to remain sluggish for at least the next several months, the next president will take office facing a projected deficit of $438 billion, budget analysts predict — the largest in dollar terms in American history, exceeding the previous record of $413 billion in 2004. And that number could easily climb above $500 billion if Congress acts, as expected, in the coming months to restrain the growth of the alternative minimum tax, budget analysts said.” [Link]
Fannie Mae
“‘Under no circumstances should the executives of these institutions earn a windfall at a time when the U.S. Treasury has taken unprecedented steps to rescue these companies with taxpayer resources,’ Obama said in a letter to Treasury Secretary Henry Paulson and Federal Housing Finance Agency Director James Lockhart. ‘I urge you immediately to clarify that the agreement with Fannie Mae and Freddie Mac voids any such inappropriate windfall payments to outgoing CEOs and senior management.’ ” [Link]
“”She’s had executive experience, and that’s what it takes to be a capable person in here in Washington, D.C. in the executive branch,” President Bush said in an interview to air Tuesdsay on Fox News Channel’s “Fox and Friends.” “John McCain made an inspired pick,” Bush added. Meanwhile, Vice President Dick Cheney told reporters in Rome on Monday that he “loved” Palin’s speech to the Republican National Convention, which he watched “with great interest.” Cheney laughed when he recounted her line about the difference between hockey moms and pit bulls being a coat of lipstick. “I thought her appearance at the convention was superb,” Cheney said.” [Link]
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