Taxpayers pay $163 billion in interest to Apple, Cisco, Google, Microsoft in offshore accounts
United States taxpayers make large interest payments to the top four technology firms for the $163 billion in US government debt the companies own and shelter in tax-free offshore accounts. photo by photoSteve101 More...
Canada to have budget surplus by 2015: Is America paying attention?
While the United States government continues to spend like drunken sailors on shore leave, our neighbors to the north have got their budget all in order, in fact they are expecting surpluses as soon as 2015. Reuters More...
CBO: Obamacare enrollment down, jobs being lost, deficit down but will skyrocket
The federal budget deficit will fall sharply through 2015 before surging again in the decade to come. Obamacare enrollment is well below expections and Americans will see even fewer jobs. photo: photologue_np via More...
Krugman is a Keynesian ‘crank’ wanting to empower the inflation fairy
Lest anyone think that Paul Krugman is an economist, his latest column bemoaning the lack of hardcore inflation presents every reason as to why he is a crank, although a famous crank. Yes, the Inflation Fairy More...
The Fairy Tale of Our Time, ‘massive consumer spending is what fuels an economy’
Paul Krugman is nothing if not consistent. Once again, we are told that Kenneth Rogoff is the main reason that our economy is not roaring along like boom times, and that massive consumer spending is what fuels More...
Obama budget taxes wealthy, cuts Social Security and Medicare while adding new stimulus
President Barack Obama on Wednesday unveiled a budget that would cut entitlement programs, tax the wealthy and reduce the U.S. budget deficit by nearly $2 trillion while funneling new money to education and infrastructure More...
The Federal Deficit is a Symtom, Not the Disease
Member of Congress are infamous for attacking symptoms of a problem instead of going straight to the heart of the disease, and the current “discussion” on the massive federal deficits are yet another More...
Marches of the Non Sequitur, protecting the ‘cuts’ to federal budget
I really was ready to shout, “Hallalujah!” when I saw the title of Paul Krugman’s latest column on the 10-year anniversary of the U.S. invasion of Iraq. When I met Krugman in 2004 at the Southern More...
Gingrich, Santorum, still up to their eyeballs in campaign debt. And we were supposed to believe they would slash the federal debt?
The bevy of Republican presidential candidates that vied for the nomination this year all vowed to make the national debt and annual budget deficits a priority, at least thats what they said. donkeyhotey donkeyhotey.wordpress.com Do More...
Krystal Ball faces backlash as racy photos surface from her past
Krystal Ball, a Democrat running for Congress in Virginia, is accusing conservative political operatives of a sexist smear campaign, leaking racy photographs of her taken at a holiday costume party back in 2004. Ball, More...
Former Clinton Aide, Roger Altman: Massive Debt Could be Disastrous
Roger Altman was Bill Clinton’s deputy US Treasury Secretary who now serves as the chairman of Evercore wrote at the Financial Times regarding the massive debt. Image/QuinceMedia via pixabay He begins: America’s More...
Charlie Crist Quotes
I think it’s kind of funny, to be honest with you – Crist answering critics that he’s “not Conservative enough”, Newsmax interview1 Official Governor photo of Charlie Crist I’m an More...
State of the Nation: Bogus unemployment numbers, inflation, Sotormoyor distracts America
16.5% Unemployment ?!?! This Washington Post article (and the website itself) proclaims to calculate the actual unemployment numbers. During the Bush years we were told that the 4-6% was falsely low for various More...