Moral Outrage
Whew! God help us!

Posts Tagged ‘trillion

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 […]

Balancing the US Budget Deficit in 3 Easy Steps

July 18, 2011

No one in Washington can agree on how to narrow the budget deficit. With only partial seriousness, I’m going to balance next year’s $1.1 trillion budget deficit in three easy steps. Step one: Return real (inflation-adjusted) defense spending to average 1990s levels Current projections show that $738 billion will go toward defense spending in 2012. […]

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 […]

US government debt to be rated junk?

September 9, 2010

A few weeks ago, Hedgeye, an investment research firm posed the question, “Should U.S. Government Debt Be Rated Junk Status?” since the metrics by which we evaluate the balance sheet of the United States continue to deteriorate. Typically, a bond receives junk status due to its increased risk of default. In general, the owner of […]

A Memorial Day Tribute to One Trillion Wasted Dollars

May 27, 2010

This May 30th we will reach another dubious milestone in our almost nine years of war. At that precise moment, we will have spent $1 trillion in operational costs for the wars in Iraq and Afghanistan, tracked by the National Priorities Project’s cost of war counter. What is $1 trillion worth? NPP explains it this […]

The U.S. Govt content with keeping the dollar weak

November 20, 2009

In his recent visit to Beijing, President Barack Obama was in no position to push China around as far as letting its currency rise against the dollar. Doing so would benefit the U.S. economy by making American-made goods cheaper in China, but the U.S. is reluctant to upset Beijing. China is the No. 1 lender […]