Bernanke: Don’t play politics with debt limit – MarketWatch. The FED isn’t the cause of all US problems, but Bernanke is not doing near what he might to help.
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Archive for the ‘US Debt’ Category
Obama and the Debt Crisis
June 3 | Posted by mrossol | Obama, US DebtObama and the Debt Crisis – Noonan. Well…? =========== The debate in Washington is serious as a heart attack: whether the United States should raise its debt ceiling so it can borrow more money to stay afloat. The statutory ceiling on our national debt—our legal borrowing limit—is $14.3 trillion. That limit was reached, according to the Treasury Department, on May 16. Treasury says it can make do... Read more
Wake Up, Republicans!
May 26 | Posted by mrossol | American Thought, Party Politics, US DebtHenninger: The Building Blocks of a GOP Agenda – WSJ.com. Almost hard to believe that a few Republicans actually “Get it.” ========= The “smart money” says Barack Obama is cruising to re-election because of Republican disarray. Pick up a paper, visit a blog, turn on the TV or radio, and reports of Republican misadventure will engulf you: Mitch Daniels just said no.... Read more
Welcome to an Elite Group!
May 24 | Posted by mrossol | Economics, Uncategorized, US DebtFrom Drew Rathgeber: First, allow me to share some very interesting statistics, which can be found on www.usdebtclock.org . Our US National Debt as of this morning is $14,282,545,200,000.00. For each individual taxpayer this makes the debt liability a staggering $129,164.00 and for each individual $46,215.00. Ironically, one very concerning figure I see is that there are only 111,425,654 current income... Read more
