Moral Outrage
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Posts Tagged ‘Treasury

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 […]

FinCEN and the unpaid spies of the US financial system

January 11, 2012

There’s a little known division of the Treasury Department called the Financial Crimes Enforcement Network (FinCEN) whose mission is to “to enhance U.S. national security, deter and detect criminal activity, and safeguard financial systems from abuse by promoting transparency in the U.S. and international financial systems.” FinCEN is basically the CIA of the financial system. […]

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 […]

China warns US on debt crisis destabilizing the global economy

June 10, 2011

Republican lawmakers are “playing with fire” by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China’s central bank said on Wednesday. The idea of a technical default — essentially delaying interest payments for a few days — has gained backing from a growing number of […]

The Age of America nears its end by 2016

April 26, 2011

The International Monetary Fund has just dropped a bombshell, but hardly anyone noticed. For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China. And it’s a lot closer than you may think. According […]

Another day, another 35 Billion Dollars in debt

April 19, 2011

The national debt has passed another historical milestone, topping $14.3 trillion for the first time ever, according to data released by the U.S. Treasury late Monday afternoon. When the Treasury opened for business on Friday, April 15, according to the Treasury’s Bureau of the Public Debt, the national debt stood at $14,270,792,119,184.89. By the close […]

US Debt jumps $72 Billion same day US House votes to cut spending by $6 Billion

March 17, 2011

The national debt jumped by $72 billion this past Tuesday even as the Republican-led U.S. House of Representatives passed a continuing resolution to fund the government for just three weeks that will cut $6 billion from government spending. If Congress were to cut $6 billion every three weeks for the next 36 weeks, it would […]

The US National Debt increases by 5 billion dollars a day

February 27, 2011

If it continues borrowing at its current rate, the U.S. Treasury Department would hit the legal limit on government debt on March 14, according to figures provided by the department and calculations. Over the 12 months ending January 31, 2011 the Treasury borrowed a total of $1.8 trillion, or approximately $5 billion per day. […]

Wall Street and its 10 most ridiculous lies of 2010

December 31, 2010

1.”Honest, we didn’t do it!” Sadly, their blame-shifting strategy worked, bamboozling the media and people across the political spectrum. Crooks? Morons? Take your pick. 2.”The overall costs will be incredibly small in comparison to almost any experience we can look at in the United States or around the world.” Ever since Treasury Secretary Timothy Geithner […]

Medal of Honor to band of brothers fighting America’s senseless wars

November 22, 2010

An extraordinarily brave American, Spc. Salvatore Giunta of Hiawatha, Iowa, the first live American to win the Medal of Honor since the war in Vietnam, said this after his heroism was recognized in a battle far from Kandahar, in the Korengal Valley three years ago: “These people won’t leave this valley,” he said of the […]