Fallen former child star, Lindsay Lohan was spotted completely intoxicated at the Coachella music festival this past weekend, further proving claims about her lack of sobriety.
Another Judiciary Report exclusive has been confirmed today regarding Lohan. Weeks ago in the April 2, 2010 article Lindsay Lohan Falls At Club Again And Bounced Checks Confirmedthe Judiciary Report stated Lohan needs to, "Remember, credit card companies will sue when you default, especially on large sums, such as the balances you are carrying, trying to pretend you are still a wealthy it girl."
Today, it has been confirmed via Radar Online that Lohan has been living off credit cards, with Lindsay running up bills in excess of $500,000, in bids at living the lavish lifestyle she once enjoyed when she was actually working and right before her lesbian sugar mommies cut her off.
Lindsay Lohan Owes More Than $500,000 In Credit Card Debt
Posted on Apr 19, 2010 @ 10:18AM - Lindsay Lohan has been hitting the party scene hard and hasn't done much work since her last film Labor Pains, which went straight to DVD. Despite her lack of income, RadarOnline.com has learned exclusively that she hasn't cut back on her spending and is now over half a million dollars in debt.
"Lindsay owes credit cards $600,000," a source tells RadarOnline.com of the troubled 23-year-old. "One card cut her off last week and it's only a matter of time before all her other credit cards cut her off too."...
EXCLUSIVE: Lindsay Lohan 'Wasted' At Cochella Festival
Posted on Apr 19, 2010 @ 01:51PM - Continuing her downward spiral, Lindsay Lohan showed how dire her situation is right now while at the Cochella music festival in California over the weekend.
Lindsay was “wasted” at Cochella RadarOnline.com has learned, and onlookers said the 23-year-old starlet was obviously impaired as she partied at the music festival...
Thanks to the financial crisis that sprouted under former President, George W. Bush, as a direct result of his terrible tenure in the White House, then spread globally, it is being reported in the Washington Post, the East is looking down on the West, it once revered.
Choices spilling out of Washington, exhibiting poor financial acumen, are not helping matters. America can recover, but not along the path President Obama is currently trotting. If the wild spending continues, by 2012, America is going to be so in debt, prosperity will be a distant memory.
It is time to change course, Mr. President. You cannot continue to spend money that is not your own, in this manner, placing the nation's citizens in indefinite debt.
Two days ago it was announced, new U.S. home sales declined to its lowest levels on record for the month of January 2010. Today, it was reported the sale of preexisting homes in America fell to record low numbers as well, as people are having great difficulty unloading their properties, with a lack of eligible buyers.
This is not good, as it will create more foreclosures, with 2009 establishing a record number of mortgages going into default. Some banks are being cooperative, but some are not. I have heard and read of success stories, regarding homeowners who had their mortgages successfully modified.
However, some banks are still swooping in on mortgages attached to homes with a significant amount of equity and charging excessive, exorbitant penalty and legal fees, in trying to maximize profits.
In one such case, a property was valued at double the amount the bank is owed and a devastated homeowner bulldozed the property rather than let the bank auction it off.
U.S. Economy: Sales of Previously Owned Homes Unexpectedly Fall
February 26, 2010, 12:52 PM EST - Feb. 26 (Bloomberg) -- Sales of previously owned U.S. homes unexpectedly dropped 7.2 percent in January to a seven-month low, indicating a lack of job growth is undermining government incentives to bolster the housing market.
The decline to an annual pace of 5.05 million, reported today by the National Association of Realtors in Washington, was the second-largest on record after December’s 16.2 percent plunge. A separate report showed the economy grew at a 5.9 percent pace last quarter, faster than initially estimated...
The U.S. economy continues to lose homes and jobs at a rapid, record rate, indicating the current government intervention is not working. The U.S. economy refuses to stabilize.
Stimulus money will not solve the nation's ills. It is an artificial sugar high - a temporary financial fix that has already begun to wear off in a matter of months.
It is the equivalent of giving medicine to an economic condition that ends up making it worse. The stock market is also being spurred on by ridiculously low Fed rates and artificially inflated government reports, propped up by stimulus money, whose effect is already in rapid decline.
Additional fiscal steps being taken are not going to work either. Houses of government and leadership need to be wary of following this model.
A sizable reduction of government spending and tax increases on the nation's most wealthy is the appropriate course of action, while giving lower and middle income families a chance to get back on their feet, as they constitute the backbone of the economy and it is the humane thing to do.
What is a matter of concern is the fact, Washington sees that the stimulus' effect has worn off and pushed things even further into negative financial territory, but all they can talk about is spending more money.
In days to come, you shall remember these days and regret them, as the time you spent the nation even further into a colossal financial hole that is not easily filled in or fixed. Desist with the unruly spending of taxpayer money and take a sensible, sound approach to the financial crisis.
Recently, President Barack Obama stated he would rather be a good one term president, rather than a bad two term president. Obama's poll numbers have hit record lows, government spending has reached an all-time high and the U.S. economy is in the worst condition it has ever been in, as the incumbent has been unable to correct the damage the former president created, making decisions that have worsened the nation's financial state.
If this pattern continues, Obama will not leave office in good standing. His legacy will be, he spent more taxpayer money than any other president in history, national debt reached an all time high during his presidency and his poll numbers hit record lows months after assuming office. Who would really want such a legacy. As the first black President of America, Obama owes African-Americans and blacks worldwide more than that.
However, Obama is governing Hollywood style, with big budgets, like on a movie set and controversial company...and therein lies the problem. Last week, historian, Webster Tarpley, stated Obama is inviting the Dalai Lama to Washington, as he is a favorite of Hollywood, who donated millions to the President's election campaign and often visit the White House as well.
(Webster Tarpley) Video: US-China relations could get worse - RT
Inviting the Dalai Lama to the White House was not in America's best interest, as the largest holder of national debt, China, took it as spitting in their faces, due to the massive ongoing dispute they have with the sectarian leader they deem a rebel trying to splinter their nation.
China is now threatening to sell all U.S. bonds it purchased. The Judiciary Report is not stating be uncivil to the Dalai Lama, but the nation is steeped in financial turbulence, therefore, was this really the best time to engage in such a maneuver, infuriating the largest holder of national debt.
Then, there is the big budget Hollywood style spending coming out of Washington, like they're on a movie set. Anyone championing it, simply does not understand economics. Many a movie studio and film production company have gone belly up spending like that anyway - why the government thinks it will fare any better following said example is anyone's guess.
No nation in financial distress can truly spend its way out of debt. You are a government. You can't spend money to make money, as though you are a corporation in the black. It is also worth noting, some of what the government is spending taxpayer money on is quite risky, not guaranteeing any proper, lasting return. This is the time to raise taxes on the rich and cut government spending.
Any good head of state should hope to leave office with the legacy of helping the poor, reducing national debt, boosting the economy, rebuilding political bridges that were burned both nationally and internationally, promoting peace and consistently using forthrightness, candor and impartiality in governing decision.
Following the Hollywood way is not the way to achieve a good legacy. If following Hollywood lands Obama in Chicago in 2012, rather than Washington, he is going to be angry, embittered and full of regrets. They are not worth your presidency or legacy.
As for Hollywood, they need to get their backsides back on their sets and keep their noses out of people's politics. You are actors and singers paid to perform lines someone else writes, as most of you aren't even bright enough to do that (hence all the stealing of copyrights).
In my experience, Hollywood stars are often crazy and dimwitted - they play politicians, doctors and lawyers on TV, then go out into the real world thinking they are these things and act on it to disastrous results, as they have no formal training or the mental capacity for it.
Exclusive: Obama Would 'Rather Be Really Good One-Term President'
Obama Tells Diane Sawyer That Health Care Bill Had Political Cost
Jan. 25, 2010 - President Obama, buffeted by criticism of his massive health care reform bill and election setbacks, said today he remained determined to tackle health care and other big problems despite the political dangers to his presidency.
The president tells Diane Sawyer about his first term and poll numbers. "I'd rather be a really good one-term president than a mediocre two-term president," he told ABC's "World News" anchor Diane Sawyer in an exclusive interview today.
U.S. President Barack Obama signed an executive order at the White House yesterday, raising America's debt ceiling from $12.394 to $14.294 trillion. That's a lot of debt and sadly, there are no concrete plans to lower it.
Historian, Webster Tarpley, spoke about U.S. President Barack Obama's planned visit with Tibet's Dalai Lama and how it has greatly upset the Chinese government.
Tarpley alleges the Dalai Lama is a paid C.I.A. operative, who has received U.S. taxpayer funds from the intelligence agency, for work rendered in the international community, on behalf of America.
U.S. President Barack Obama (Photo credit: The Telegraph UK)
China is promising America financial punishment for this move and is currently mapping how best to achieve this goal. Considering China holds the largest amount of U.S. debt, Obama has a problem on his hands.
"Video: Obama Budget Would Create Highest-ever Deficit"
U.S. President Barack Obama continues to defend his controversial position in spending record sums of money and hiking up the national deficit, which many see as the wrong path to financial recovery. He restated his claims today in New Hampshire on America's East Coast, regarding these hefty spending initiatives. Somebody please give him a calculator, as this is not going to add up.
U.S. President Barack Obama
A few fellow members of his Democratic Party erroneously insist, America must "spend its way out of the recession" which in actuality is a depression. Such financially reckless, spendthrift thinking is a faulty premise and dangerous assumption. America is currently racking up enough debt to break the nation in two in coming years.
Clyburn: 'We've got to spend our way out of this recession'
By Michael O'Brien - 02/01/10 12:56 PM ET - The U.S. government must spend its way out of the recession, the Democrats' third-ranking House leader stressed Monday.
Rep. James Clyburn (D-S.C.), the House majority whip, said that trying to find greater savings in the budget, which was released by President Barack Obama this morning, wouldn't help alleviate the recession.
"We've got to make some decisions here as to what's in the best interests of our country going forward," Clyburn said during an appearance on Fox News. "And I think the best interest is to invest in education, control these deficits, while at the same time trying to get people back to work."
"We're not going to save our way out of this recession," the majority whip added. "We've got to spend our way out of this recession, and I think most economists know that." ...
"You're not going to bring down the deficits, you're not going to eliminate these problems without growing this economy," he said. "And you're not going to grow the economy by wishing it; you've got to invest in it. And that's what we're doing with this budget."
U.S. President Barack Obama took to a press conference today to explain himself and his massive new budget that has alarmed the nation. People still fail to grasp why all this record spending is necessary and the explanations that have been furnished have failed to assuage public angst and anger regarding the ever rising national deficit. You should do more to explain the budget, as what you have stated still leaves many questions unanswered.
U.S. President Barack Obama is seeking to implement a record $3.8 trillion budget for 2011, increasing the national deficit by an unprecedented $1.6 trillion dollars. This is trouble waiting to happen.
Unprecedented, crushing debt, can topple the federal government, forcing a complete restructuring of the national legislative hierarchy, due to lack of funds. If the national debt becomes too high, there will only be money for local government, while many federal agencies would face the chop.
One cannot keep pressing up money and expect foreign nations will keep opening their coffers to dole out generous loans, if repayment is painfully not possible, due to dire financial straits. Too much spending is going on and too little saving.
Deficit to Hit All-Time High
JANUARY 31, 2010, 7:36 P.M. ET - Obama's $3.8 Trillion Budget Forecasts a $1.6 Trillion Shortfall for 2010 Before It Drops.
WASHINGTON—President Barack Obama will propose on Monday a $3.8 trillion budget for fiscal 2011 that projects the deficit will shoot up to a record $1.6 trillion this year, but would push the red ink down to about $700 billion, or 4% of the gross domestic product, by 2013, according to congressional aides.
The deficit for the current fiscal year, which ends on Sept. 30, would eclipse last year's $1.4 trillion deficit, in part due to new spending on a proposed jobs package. The president also wants $25 billion for cash-strapped state governments, mainly to offset their funding of the Medicaid health program for the poor.
