Archives for FUBAR

Now, it’s Obama’s war

We hope the White House and Pentagon thought long and carefully before relieving Gen. David McKiernan, the commander of U.S. and NATO forces in Afghanistan, just short of the halfway mark of his two-year tour there. He is, after all, the general who led the lightning-fast 2003 ground war in Iraq.

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U.S. borrowing 46 cents on every dollar spent

The government will have to borrow nearly 50 cents for every dollar it spends this year, exploding the record federal deficit past $1.8 trillion under new White House estimates. Budget office figures released Monday would add $89 billion to the 2009 red ink — increasing it to more than four times last year's all-time high as the government hands out billions more than expected for people who have lost jobs and takes in less tax revenue from people and companies making less money.

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Time to take deficits seriously

The Bush administration said deficits didn't matter and proceeded to rack up a record string of deficits. The Obama administration professes to believe the contrary, the president telling his Cabinet recently, "We can no longer afford to spend as if deficits do not matter ... We can no longer afford to leave the hard choices for the next budget, the next administration, or the next generation."

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Gates tries to reboot Afghan war

Taking a cue from voters who elected a president promising a different approach, the Obama administration is replacing the general overseeing the war in Afghanistan with a commander who has special-forces experience.

Lt. Gen. Stanley McChrystal, a senior administrator with the Joint Chiefs of Staff, will take the place of Gen. David McKiernan once he is confirmed by the Senate. Lt. Gen. David M. Rodriguez will become McChrystal's deputy with the Senate's approval, which Defense Secretary Robert Gates asked be granted as soon as possible.

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Afghanistan: Deja vu all over again?

Why is Afghanistan starting to make me nervous?

After 9/11, Afghanistan seemed like the right war in the right place.

Even Americans who are knee-jerk-skeptical about military action recognized that we couldn't let a terrorist attack at America's heart go unanswered.

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Is there a right balance in Afghanistan?

Public attention to civilian deaths in Afghanistan underscores the challenging nature of the vexing ongoing guerrilla war. On May 4, according to allegations, civilians were killed during an Allied operation. Taliban insurgents entered a village in Bala Bulak in western Afghanistan and beheaded three civilians. When Afghan police responded, they were ambushed.

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Stimulus money not going where it’s needed most

Counties suffering the most from job losses stand to receive the least help from President Barack Obama's plan to spend billions of stimulus dollars on roads and bridges, an Associated Press analysis has found.

Although the intent of the money is to put people back to work, AP's review of more than 5,500 planned transportation projects nationwide reveals that states are planning to spend the stimulus in communities where jobless rates are already lower.

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Banks plan stock offerings to pay off TARP

Three big U.S. banks announced large common stock offerings on Monday and said they would use proceeds to repay funds received under the government's bank bailout program.

U.S. Bancorp (USB.N) said it plans to raise $2.5 billion, Capital One Financial Corp (COF.N) roughly $1.75 billion, and BB&T Corp (BBT.N) $1.5 billion. Capital One said its offering will total 56 million shares.

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