Moral Outrage
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Posts Tagged ‘budget

UNESCO grants full membership to Palestine

October 31, 2011

The U.N. cultural and educational agency (UNHESCO) voted Monday to accept the Palestinian mission as a full member, triggering the United States to withhold $60 million. The U.S. funds about 22 percent of UNESCO’s budget, or roughly $80 million annually. “We are not going to be able to continue contributing to the budget,” State Department […]

Pentagon to spend billions to find how their money is spent!

October 17, 2011

The Defense Department, which has promised by 2017 to publish a reliable account of how it spends its money, has discovered that its financial ledgers are in worse shape than expected and that it will have to spend billions of dollars in the coming years to make its financial accounting credible, the Center for Public […]

More financial woes in stock markets and federal debt

August 8, 2011

U.S. stocks plunged, European markets closed sharply down, and Asia exchanges lost ground across the board Monday, as investors responded to the unprecedented downgrade of U.S. debt on Friday, and concerns around the ongoing eurozone crisis. John Chambers, managing director of Standard & Poor’s, says of S&P’s decision to lower the nation’s credit rating for […]

Geithner wants to raise taxes as Government spending cuts alone are “irresponsible”

June 22, 2011

The national debt is now $14.34 trillion. This year, according to the Congressional Budget Office, the federal government will run a deficit of $1.4 trillion. Over the next decade, according to the CBO, the budget proposed by President Barack Obama would run up deficits totaling $9.5 trillion. So 10 years down the road, the national […]

50 Facts about the US Economy you may not want to know

December 29, 2010

The following are 50 very revealing statistics about the U.S. economy: #50) In 2010 the U.S. government is projected to issue almost as much new debt as the rest of the governments of the world combined. #49) It is being projected that the U.S. government will have a budget deficit of approximately 1.6 trillion dollars […]

Our Choice: Bomb Afghanistan, or Rebuild America

July 22, 2010

The current war in Afghanistan costs in excess of $48,000 a minute. Meanwhile, a National Commission on Fiscal Responsibility and Reform is talking about cuts to Social Security, Medicare and the home mortgage deduction to address the nation’s growing budget deficit. The average cost to deploy a soldier to Afghanistan for a year is $1,000,000. […]

Your Tax Dollars at War

April 14, 2010

The 2011 military budget is the largest in history, not just in actual dollars, but in inflation-adjusted dollars, exceeding even the spending in World War II, when the nation was on an all-out war footing. This military spending in all its myriad forms works out to represent 53% of total US federal spending. US military […]

America “approaching spiritual death”

February 24, 2010

Martin Luther King observed that “a nation that continues year after year to spend more money on military defense than on programs of social uplift is approaching spiritual death.” The US now has a debt of about $66 trillion, five times the GDP and double the national wealth. This debt is largely a result of […]

War Costs are Bankrupting America

February 8, 2010

Military and intelligence spending relentlessly increase as unemployment heads over 10% and the economy bleeds red ink. Obama’s total military budget is nearly $1 trillion. This includes Pentagon spending of $880 billion. Add secret black programs (about $70 billion); military aid to foreign nations like Egypt, Israel and Pakistan; 225,000 military “contractors”; and veterans’ costs. […]

Obama’s Budget a Surge in War Spending

February 2, 2010

President Barack Obama’s new budget forecasts two consecutive years of near $160 billion in war funding, far more than he hoped when elected and only modestly less than the last years of the Bush Administration. In 2011 alone, the revised numbers are triple what the president included in his spending plan a year ago. The […]