Tag Archives: US Debt

McConnell/Boehner Debt Deal Gives Pentagon $50 Billion Raise

Posted on + by Christopher di Spirito

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

Posted on + by Christopher di Spirito

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

Posted on + by Christopher di Spirito

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

Posted on + by Christopher di Spirito

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

Posted on + by Christopher di Spirito

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

Posted on + by Christopher di Spirito

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

Posted on + by Christopher di Spirito

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

Posted on + by Christopher di Spirito

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