AP Reports Householders Converted to Renters Total 3 Million

With 3 million more expected by 2015:

Since the housing meltdown, nearly 3 million households have become renters. At least 3 million more are expected by 2015, according to census data analyzed by Harvard's Joint Center for Housing Studies and The Associated Press.

Read the rest of the story here, which says that the GSEs presently own 250,000 foreclosures.

Mexican on Death Row Since 1994 Brutal Murder Finally Executed, Despite Obama

The AP has the story here:

A Mexican national was executed Thursday for the rape-slaying of a San Antonio teenager after the U.S. Supreme Court turned down a White House-supported appeal to spare him in a death penalty case where Texas justice triumphed over international treaty concerns.

Humberto Leal, 38, received lethal injection for the 1994 murder of Adria Sauceda. She was fatally bludgeoned with a piece of asphalt.

In Saudi Arabia he would have been bludgeoned with a piece of asphalt, in 1994.

States of Disaster Depended on $316 Billion of Federal Stimulus in Last Fiscal Year

And that help for current operations is coming to an abrupt end as the new fiscal year begins on July 1.

The Associated Press reports, adding these staggering numbers on top of the current budget data:

The 50 states have a combined $689.5 billion in unfunded pension liabilities and $418 billion in retiree health care obligations.

Read the complete details here.

ObamaCare, Medicare, and Social Security aren't the only back-breakers out there. The individual states have plenty of their own which they can't pay for, either. The whole country is stuck on stupid spending.

Epic May Snowpack in West Deepest in 45 Years

Story here.

AP Report Shows Obama Intended to Kill, Not Capture: Only One Was Armed

This was a state sanctioned murder of unarmed combatants, which Obama and his attorney general have insisted in the past be treated as civilian criminals. So not only were his actions illegal and contrary to the American values he has claimed to defend, his actions were contrary to his own definition of those values:

Only one of the five people killed in the raid that got Osama bin Laden was armed and fired a shot . . ..

As the Navy SEALs moved into bin Laden's compound, they were fired on by bin Laden's courier, who was in the guesthouse, the official said. The SEALs returned fire, and the courier was killed, along with a woman with him. ...

The Americans were never fired on again as they encountered and killed a man on the first floor and then bin Laden's son on a staircase, before arriving at bin Laden's room. Officials have said bin Laden was killed after he appeared to be lunging for a weapon.

The complete story is here.

Obama Refuses to Secure America's Dangerous Nuclear Waste

For The Associated Press Jonathan Fahey and Ray Henry have an excellent story here about the problem America shares with Japan: "US Spent-Fuel Storage Sites Are Packed".

Nearly 72,000 tons of dangerous waste is being stored all over the US at reactor sites, 75 percent of it in vulnerable cooling pools just like Japan's.

We could have started moving it to Yucca Mountain long ago, but an unholy alliance between Nevada's people, its Senator Harry Reid of Obamacare fame, and President Obama himself keep the radioactive waste exposed to misfortune, mayhem and mischief in places like Illinois, Pennsylvania, South Carolina, New York and North Carolina, the top five states storing spent nuclear fuel totaling over 27,000 tons:

For long-term storage, the government had looked to Yucca Mountain. It was designed to hold 77,160 tons - 69,444 tons designated for commercial waste and 7,716 for military waste. That means the current inventory already exceeds Yucca's original planned capacity.

A 1982 law gave the federal government responsibility for the long-term storage of nuclear waste and promised to start accepting waste in 1998. After 20 years of study, Congress passed a law in 2002 to build a nuclear waste repository deep in Yucca Mountain.

The federal government spent $9 billion developing the project, but the Obama administration has cut funding and recalled the license application to build it. Nevadans have fiercely opposed Yucca Mountain, though a collection of state governments and others are taking legal action to reverse the decision.

Despite his Yucca Mountain decision, President Barack Obama wants to expand nuclear power. He created a commission last year to come up with a long-term nuclear waste plan. Initial findings are expected this summer, with a final plan expected in January.

Obama the feckless simply kicks that can down the road while he globe trots with GE's chairman Jeff Immelt in search of deals for GE's nuclear reactor business, for example in India which has had plans to spend tens of billions of dollars on nuclear, and most recently in Brazil.

In exchange look for Obama to get GE to finance his presidential library and millions in walking around money for his future "charitable" foundation which will rival Bill Clinton's.

For every operational 1000 megawatt nuclear plant a year, another 25-30 tons of the stuff piles up with no place to go.

And with Obama in charge, nowhere is where it's at.

Wisconsin Republicans Find Way To Strip Union Power Without Quorum

They separated the union-limiting measures from the spending part of the pending legislation which requires the quorum and passed them without the Democrats, who ran away to prevent legislative action and who remain out of state.

Story here.

Freddie Mac is a mess, and so is the reporting on it.

Compare this from AP Business Writer Marcy Gordon here:

Government-controlled mortgage buyer Freddie Mac managed a narrower loss of $1.7 billion for the October-December quarter of last year. But it has asked for an additional $500 million in federal aid - up from the $100 million it sought in the previous quarter.

Freddie Mac also posted a $19.8 billion loss for all of 2010.

With this from Philip van Doorn for The Street here:

Freddie Mac on Thursday reported a fourth-quarter net loss of $113 million, and would need another sip from the government trough.

The loss narrowed from a $2.5 billion net loss during the third quarter. For all of 2010, the government-sponsored mortgage giant lost $14 billion, following a $21.6 billion loss during 2009.

So, in Q4 2010 Freddie lost either $1.7 billion, or $113 million.

And for all of 2010 Freddie lost either $19.8 billion, or $14 billion.

But who's counting. They're just numbers.

If I ever straighten this one out, I'll let you know.