And all right, there may be no hope to tame inflation. That is the subject of the riff. Stock market bulls continue to taught Federal Reserve Interest Rate cuts but latest fed minutes out today throw cold water on that. The stocks dont need extra juice from the fed. Consumer prices increases around 4. 5 annual rate over first third of the year. 20 over course of joe bidens presidency. Prices risen faster than wages during mr. Bidens term. You could addon personal borrowing costs. Like car loans, home mortgages, credit cards. All those are not counted in the cpi but they weigh heavily on families. Then there is never ending biden spending machine. And soaring deficits and debt that go with it. You are looking at two trillion dollar deficits as far as the eye can see. The root cause of those, is over spending. Which is running nearly a quarter of gdp, that is a peacetime record, cbo estimates that budget deficits will run close to 3 trillion dollars by 2034. Spending continues unabated f
And all right, there may be no hope to tame inflation. That is the subject of the riff. Stock market bulls continue to taught Federal Reserve Interest Rate cuts but latest fed minutes out today throw cold water on that. The stocks dont need extra juice from the fed. Consumer prices increases around 4. 5 annual rate over first third of the year. 20 over course of joe bidens presidency. Prices risen faster than wages during mr. Bidens term. You could addon personal borrowing costs. Like car loans, home mortgages, credit cards. All those are not counted in the cpi but they weigh heavily on families. Then there is never ending biden spending machine. And soaring deficits and debt that go with it. You are looking at two trillion dollar deficits as far as the eye can see. The root cause of those, is over spending. Which is running nearly a quarter of gdp, that is a peacetime record, cbo estimates that budget deficits will run close to 3 trillion dollars by 2034. Spending continues unabated f
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shuttle. we are now less than one hour away from the final space shuttle landing. just in the last half-hour, we got a go for landing from nasa. the deorbit burn took place in the last couple of minutes. in the burn, the shuttle s engines are fired to help it slow down before it hits the atmosphere. in less than 30 minutes the shuttle and crew will start to feel the effects of the atmosphere. they ll be about 80 miles above the earth at that point. as the shuttle comes through the atmosphere, it heats up to about 5,000 degrees on the outside. when it breaks through the atmosphere, many of the folks in florida will hear those famous son iic booms. about five minutes before the landing, the commander will take manual control of the shuttle and pilot it to the grounds. when the orbiter hits the runway, it will be going 220 miles an hour. the shuttle will land for the last time ever at 5:56 a.m. eastern time. and just so you know, nasa is considering this a night landing. the lan
way. today s cry for outrage go to democrats. of maryland who here s a surprise, doesn t like the proposed cuts in social programs. once again, the radical right is more worried about protecting their next election than protecting the greatest generation or investing in the next generation. what a sham. what a scam. i d be tempted to just blow it off if it were not so cruel, stupid, and dangerous. and now tonight after all of these accusations and whining, we re hearing the whole mess may end not with a bang but with a whimper. you absolutely will not believe it. i ll talk to two of the smartest people i know in a moment. but first a look at the other stories tonight. fireworks in the house of commons. first it was the murdochs, today it was britain s prime minister. david cameron faced his critics but will he keep his address? and in somalia, millions of children facing starvation. will help reach them in time? a look at the face of famine. then after months of nam