Fwd: Federal Debt Could Reach 100% of America?s GDP by 2025, Says Congressional Budget Office

Today's Headlines Thursday, July 1, 2010

Federal Debt Could Reach 100% of America's GDP by 2025, Says Congressional Budget Office (CNSNews.com) – On the same day President Barack Obama told a Wisconsin town hall gathering that his policies mean "the economy is headed in the right direction," the non-partisan Congressional Budget Office projected that federal debt could reach 87 percent of America's gross domestic production by 2020, and surpass 100 percent of GDP by 2025. Nevertheless, the president told the crowd in Racine, Wisc. – a town with the second highest unemployment in the state – that the economy is turning the corner. Neither Sessions Nor Cornyn Directly Say Kagan's View on Abortion Will Cause Them to Vote Against Her (CNSNews.com) – While Supreme Court nominee Elena Kagan's paper trail from her time as associate counsel in the Clinton White House indicates that she thinks abortion is a constitutional right, two top Republican senators on the Senate Judiciary Committee would not say whether this would compel them to vote against her as the next associate justice of the court. Obama's Pick to Administer $20 Billion Oil Spill Compensation Fund Will Insist Claimants are U.S. Citizens Who Pay Taxes (CNSNews.com) – The man who will administer the claims process for individuals and businesses seeking compensation from the $20 billion fund established by BP in the wake of its oil rig explosion said he will follow federal immigration and tax laws when deciding the eligibility of claimants. When CNSNews.com asked if the claims process would include requiring proof of U.S. citizenship, Kenneth Feinberg said "of course" it would. As Obama Calls Out Republicans on Campaign Trail, Republican Leader Blasts His 'Childish Partisanship' (CNSNews.com) - "The President should be focused on solving the problems of the American people -- stopping the leaking oil and cleaning up the Gulf, scrapping his job-killing agenda, repealing and replacing ObamaCare -- instead of my choice of metaphors," House Republican Leader John Boehner (R-Ohio) said on Wednesday. He was responding to President Obama's attack on Boehner and on Republicans in general at a town hall gathering in Racine, Wis., yesterday. Suspected Spy-Ring Paymaster Vanishes, As Russians Mull Conspiracies (CNSNews.com) – Despite some scoffing about a scenario straight out of a Cold War-era spy novel, some U.S. analysts caution that the Russian spy case reveals troubling issues that need to be tackled. "In Moscow, the U.S. is still an intelligence target, not a 'partner' the Obama administration believes it is," one analyst said. CNSNEWS.COM VIDEO Chairman Leahy: Supreme Court Nominee Kagan's Standard on Recusal 'Appropriate' (CNSNews.com) – Supreme Court nominee Elena Kagan testified that she would recuse herself from "any case" in which she served as "counsel of record" or for which she had "signed any kind of brief" as solicitor general in the Obama administration. Senate Judiciary Committee Chairman Patrick Leahy (D-Vt.) said that most senators found Kagan's view on this issue "appropriate." OTHER CNSNEWS.COM HEADLINES Millions of Swine Flu Vaccine Doses Have Expired and Will Be Burned Obama Argues for Immigration Overhaul on Thursday Petraeus Briefs NATO on Situation in Afghanistan Arizona to Release Immigration Training Plan for Police Officers NATO Arrests A District Taliban Chief in Afghanistan U.S. Envoy Concerned About Fraying Commercial Ties With Venezuela 1.3 Million Long-Term Unemployed Won't Have Jobless Benefits Extended House Passes Sweeping Bank Rules, But No Senate Action Yet Bipartisan Agreement That Elena Kagan 'Will Be Confirmed' With Russian Spy Case in the Headlines, Hillary Clinton Heads to Former Soviet Satellite States Governors Push for More Health Care Money Jimmy Buffett Gives a Free Concert on Alabama Coast Cash-Strapped Greeks Hit by Higher Sales Tax China Welcomes Visit by U.S. Defense Secretary – Some Day Donate Today! Please help CNSNews.com keep bringing you 'The Right News - Right Now!' Make a contribution to CNSNews.com today. It's fast, simple and secure. Help CNSNews.com and Donate Today!  NEWSPAPER ROUNDUP Disclose Act requirements might end 30-second campaign advertisements Lawsuit prompts NCAA to screen all athletes for sickle cell 'High-risk' pool medical insurance program set to begin L.A. council turns back last-minute plan to delay layoffs California begins fiscal year with no budget Anthem Blue Cross again seeks rate hikes for Californians Costs rise as U.S. Capitol crumbles; $200 million in repairs needed 1 in 4 headsets tourists use at Capitol Visitors' Center doesn't work Provincetown school system revising its condom proposal Polls indicating that Sen. Blanche Lincoln was losing may have been bogus Passport fees are going up July 13 Democrats won't decide fate of Bush-era tax cuts until after midterms New Seattle law will cook restaurant waste into compost Top al Qaeda figure is tied to failed New York City subway bombing plot EPA rejects air permits of 122 Texas plants, putting jobs at risk COMMENTARY Kagan on the 'Right' to Suction Someone's Brains By Terence P. Jeffrey Elena Kagan was not only to the left of President Bill Clinton on partial-birth abortion, but a fair reading of a memo she wrote in 1996 indicates she believed Clinton was a little squishy on the issue. The memo, recently released by the Clinton Presidential Library, demonstrates Kagan was intent on preserving an absolute right to kill "pre-viable" babies—even if it had to be done by sucking out a baby's brains. The Best Place to Be Poor By Walter E. Williams Imagine you are an unborn spirit whom God has condemned to a life of poverty but has permitted to choose the nation in which to live. I'm betting that most condemned, unborn spirits would choose the United States. Why? Because what historically has been defined as poverty no longer exists in the U.S. Let's look at it.