Free Talk Live

The debate in Washington, D.C. over the federal debt continues as the Aug. 2 deadline for raising the “debt ceiling” approaches. Standard & Poor's has already reported that it would cut the U.S. credit rating from AAA to D, the last rung on its scale.

At least someone in America isn't feeling a credit squeeze: Uncle Sam. This week Congress will vote to raise the national debt ceiling by nearly $2 trillion, to a total of $14 trillion. In this economy, everyone de-leverages except government.

Iceland may vote to default on international debt. This is important news to Americans, because eventually, the US Federal Government will have to default on its debts, and the same political questions will come to the fore, on a much larger scale

Music rap video by Remy paradies government spending and the battle over raising the debt ceiling

Real News @ http://RevolutionNews.US — Calif. Police Chief Ken James argues that a gun is not a "defensive weapon" but rather an "offensive weapon used to intimidate and used to show power."

"One issue that always boggles my mind is that the idea that a gun is a defensive weapon," he said. "That is a myth. A gun is not a defensive weapon."

This guy is brilliant! A hilarious take on the sequester and debt ceiling. David Angelo is quite a talent.

Video: Remember "Little Darth Vader" from the Volkswagen commercial? His name is Max Page, he's 6 years old and he's in Washington voicing his opinion on the debt limit.

WASHINGTON (NBC) -- The United States lost its top-notch AAA credit rating from Standard & Poor's Friday, in a dramatic reversal of fortune for the world's largest economy.

S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits.

The Transportation Security Administration, under scrutiny after last month’s bombing attempt, has on its Web site a “mythbuster” that tries to reassure the public.

Myth: The No-Fly list includes an 8-year-old boy.

Buster: No 8-year-old is on a T.S.A. watch list.

“Meet Mikey Hicks,” said Najlah Feanny Hicks, introducing her 8-year-old son, a New Jersey Cub Scout and frequent traveler who has seldom boarded a plane without a hassle because he shares the name of a suspicious person. “It’s not a myth.”