Moral Outrage
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Posts Tagged ‘federal debt

US Federal Debt 130 Billion Dollars More than Last Month

March 14, 2012

The size of the U.S. national debt and the rate at which the debt is accumulating will lead the United States to ruin — no other outcome is mathematically possible. As of February 2012, according to monthly U.S. Treasury statements, our national debt is $15.48 trillion — about a $130 billion more from the month […]

The US Economy statistics are unbelievable

December 17, 2011

The following are economic numbers from 2011 that are almost too crazy to believe…. #1 A staggering 48 percent of all Americans are either considered to be “low income” or are living in poverty. #2 Approximately 57 percent of all children in the United States are living in homes that are either considered to be […]

A National Debt of $211 Trillion!

August 9, 2011

Economics professor Laurence J. Kotlikoff, who served as a senior economist on President Reagan’s Council of Economic Advisers, says the national debt, which the U.S. Treasury has accounted at about $14 trillion, is just the tip of the iceberg. “We have all these unofficial debts that are massive compared to the official debt,” Kotlikoff tells […]

Theory on why rating agencies are downgrading US debt

August 8, 2011

Some are of the opinion that the rating agencies are working with some of the predatory bankers and the hedge funds who are trading in these naked credit default swaps, and are targeting these economies and countries for failure, because they make more money on these insurances than they lose on their bond holdings. We […]

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 […]

Joint Chiefs of Staff Chairman Mullen says US Debt Biggest Threat to USA

August 4, 2011

Just because there’s a deal to raise the federal debt limit doesn’t mean the United States is any safer, Joint Chiefs of Staff Chairman Adm. Mike Mullen has said. “I haven’t changed my view that the continually increasing debt is the biggest threat we have to our national security,” Mullen said during a meeting with […]

US Federal Debt will now be $16.7 trillion

August 3, 2011

Speaker John Boehner (R.-Ohio) and Senate Minority Leader Mitch McConnell (R.-Ky.) have reportedly agreed to give President Barack Obama the authority to borrow as much as an additional $2.4 trillion—thus allowing Obama to get past the November 2012 election without having to seek another increase in the legal limit on the federal debt. The New […]

The US will default because the debt is unsustainable

July 26, 2011

“The US will default because the debt is unsustainable.” So says Rep. Ron Paul (R-TX) on the House floor: “When a country is indebted to the degree that we’re indebted, the country always defaults. We will default because the debt is unsustainable.”

National debt equal to $125,475 per household

February 18, 2011

The federal government has borrowed an additional $29,660 per household in the United States since President Obama signed his economic stimulus law two years ago. That brings the total national debt to $125,475.18 per household. At the close of business on Feb. 17, 2009, the day Obama signed the $787-billion law, the national debt stood […]

Banking establishments are more dangerous than standing armies

January 1, 2011

“And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.” -Thomas Jefferson “To preserve [the people’s] independence, we must not let our rulers load us […]