President Barack Obama praised the efforts of the Federal Reserve Bank during his press conference June 23, telling reporters, “I think that the Fed probably performed better than most other regulators prior to the crisis taking place,” adding that Federal Reserve Chairman Ben Bernanke “has performed very well.”

If anyone ever wanted proof of columnist Joe Sobran’s dictum that “war is just one more big government program,” they need look no further than the supplemental appropriations H.R. 2346 conference report awaiting President Obama’s signature.

The New American recently warned that Americans who oppose policies emanating from Washington are being tarred as right-wing extremists and even potential terrorists by the Obama administration's Department of Homeland Security as well as by the New York Times and other liberal media organs. This push to demonize and even criminalize political dissent appears to be accelerating.

The Department of Homeland Security (DHS) withdrew its controversial report on “Right Wing Extremism” (PDF) as a terrorism threat back in May, but now left-wing media pundits say it’s time to bring back the report that tarred all U.S. military veterans and any political conservative as potential terrorist threats.

President Barack Obama’s fiscal 2010 budget proposal owned up to a $1.75 trillion annual deficit for fiscal 2009 (the fiscal year began last October), but considering the President's overly optimistic economic assumptions the final tally probably closer to $2 trillion. The New American reported Obama’s figure three weeks ago. The official figure doesn’t count about $150 billion that will be stolen from “trust funds” like Social Security, but it’s still quadruple the 2008 record budget deficit.

Recently, Americans have elected a string of lying presidents. First, there was George Bush the elder, who said "Read my lips, no new taxes,” and then signed tax increases as president. Then we had Bill Clinton, who proclaimed to us: “I did not have sexual relations with that woman, Miss Lewinsky.”

Regional arrangements such as the EU and the proposed FTAA supposedly promote free trade, but their real purpose is to gradually merge nations into a world government.

The so-called SuperCommittee charged with finding $1.2 trillion in cuts over a 10-year period beginning in 2013 found its Kryptonite: itself. The members of what is officially known as the "Joint Select Committee on Deficit Reduction" admitted defeat in a November 21 press release where members stated, "We have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee’s deadline."

A "super-Congress" is being proposed by Senate leaders Harry Reid and Mitch McConnell. The left-wing Huffington Post summarizes the plan — which they claim is also supported by Republican House Speaker John Boehner — this way:

"Legislation approved by the Super Congress — which some on Capitol Hill are calling the 'super committee' — would then be fast-tracked through both chambers, where it couldn't be amended by simple, regular lawmakers, who'd have the ability only to cast an up or down vote. With the weight of both leaderships behind it, a product originated by the Super Congress would have a strong chance of moving through the little Congress and quickly becoming law."

House Republicans passed the Ryan budget proposal April 15 by a 235-193 vote, with every Democrat voting against the measure and only four Republicans in opposition. The Ryan budget would endorse a $1 trillion deficit for fiscal 2012 and a $700 billion deficit for 2013.