Tag Archives: US Debt

McConnell/Boehner Debt Deal Gives Pentagon $50 Billion Raise

Tuesday, August 2, 2011 Kudos to Nancy A. Youssef at McClatchy Newspapers.for crunching the numbers and revealing the ugly lie about the McConnell/Boehner debt deal. The 11th hour deal to raise the debt ceiling that President Obama just signed into … Continue reading

Posted in 2012 Election, DINO Democrats, John Boehner, Military, Mitch McConnell, News, President Barack Obama, US Debt, Worst President Ever | Tagged , , , , , , , , | 8 Comments

Welcome to the World According to Barack Obama

Sunday, July 31, 2011 I have to admit there are times I feel like I’ve been beamed to an alternate universe. POLITICO reports Gene Sperling, director of President Obama’s National Economic Council, said Sunday the White House is “fine” with a … Continue reading

Posted in DINO Democrats, News, President Barack Obama, US Debt, Worst President Ever | Tagged , , , , | 10 Comments

Sen. Bernie Sanders Statement on the Debt Deal

Sunday, July 31, 2011 Sen. Bernie Sanders (I-VT) Statement on Senate Debt Deal: “The Republicans have been absolutely determined to make certain that the rich and large corporations not contribute one penny for deficit reduction, and that all of the … Continue reading

Posted in News, Politics, Sen. Bernie Sanders, U.S. Senate, US Debt | Tagged , , , , | 5 Comments

China Has Divested 97 Percent of Its Holdings in US Treasury Bills

Saturday, June 4, 2011 President Obama and President Hu Jintao of China During a State Dinner on Jan. 19, 2011 China has dropped 97 percent of its holdings in US Treasury bills, decreasing its ownership of the short-term US government securities from … Continue reading

Posted in China, International News, News, U.S. Economy, US Debt | Tagged , , , , | 18 Comments

Obama Freezes Federal Salaries

Monday, November 29, 2010 President Obama is expected to announce today a two-year freeze of more than 2 million Federal employee salaries. The step is seen as the first implementation of his Cat Food Commission’s draconian recommendations to cut Federal … Continue reading

Posted in Cat Food Commission, News, President Barack Obama, U.S. Economy | Tagged , , , , | 21 Comments

U.S. Government Owes a Record $63.8 Trillion

Saturday, May 30, 2009 The U.S. government took on $6.8 trillion in new obligations in 2008, pushing the total owed to a record $63.8 trillion. This staggering amount that translates into $546,668 per household according to a USA TODAY analysis. … Continue reading

Posted in News, U.S. Economy | Tagged , , | 5 Comments

U.S. Debt Reaches $455,000 per Household

Friday, July 18, 2008 Nothing like a borrow-and-spend, neoconservative, Republican administration, addicted to war and to providing tax cuts to the upper 1% of wage earners, to destroy the U.S. economy. That’s right. I’m talking about George W. Bush. According … Continue reading

Posted in Bush, Democrats, Republicans | Tagged , , | 12 Comments

The Mighty Euro

Thursday, July 3, 2008 Back in 1998, American hubris was at an all time high. U.S. lawmakers dismissed the excitement surrounding the launch of European monetary union — the Euro. Arrogant Americans called it “a silly attempt to imitate the … Continue reading

Posted in Bush, News, Oil | Tagged , , | 4 Comments