Why are the people expecting the government to all of a sudden become intelligent they are a bunch of politicians which are suck-ups and losers ...dogs do not make cats ...they only reason they are on the top is because they sucked their way up.....
Never before has the House failed to pass a budget, failed to propose a budget then deemed the non-existent budget as passed as a means to avoid a direct, recorded vote on a budget, but still allow Congress to spend taxpayer money.
“This is what the state owes right now to schools, rehabilitation centers, child care, the state university — and it’s getting worse every single day,” he says in his downtown office.
Mr. Hynes shakes his head. “This is not some esoteric budget is
Similar warnings cast a pall over the July 4 weekend at near-empty resorts and beachfront communities from Florida to Louisiana. In some areas, tourist bureaus, rental agents, condo owners and officials said vacation bookings were down 20% to 80%.
The financial crisis is being used to cover a subversion of justice, what history may some day regard as essentially a financial coup d'etat, wherein a small group of men, many of whom have their roots and connections with a handful of universities..
Its dysfunctional political class refuses to pay the state’s bills and refuses to take the painful steps — cuts and tax increases — to close a deficit of at least $12 billion, equal to nearly half the state’s budget.
U.S. consumer bankruptcy filings totaled 770,117 nationwide during the first six months of 2010 (Jan. 1-June 30), a 14 percent increase over the 675,351 total consumer filings during the same period a year ago...
The "establishment" folks know damn well this is in the cards, which is why they're scrambling to lie, lie and lie some more lest you figure it out and hold them to account. They're well-aware that while most of the time the "elites" manage...
We are just 2.3 points away from that critical -10 threshold on the ECRI WLI which at least historically, has guaranteed a recession. Just the freefall itself is vertigo inducing, and the number's release pushed the market even further lower...
Leaving aside all other such fudge factors are government hiring, temporary workers, birth death, etc. 9.5% or 11.8% - which one is more realistic for an economy finally realizing it never left the second great depression, you decide.
Private payrolls were a disappointment at just +83k, versus consensus of 112k. The Birth-death model added 147k. Census removed 225k, in line with consensus. Temporary help was another terrific "green shoot" increasing by +21k.
The 2010 edition of “Federal Spending by the Numbers” shows spending and deficits continuing to grow at a pace not seen since World War II. Washington will spend $30,543 per household in 2010—$5,000 per household more than just two years ago.
The cause of the Great Depression in the 1930s, and the Great Recession beginning in 2007, was one and the same: an overleveraged economy. Excessive debt levels are the direct result of the central bank providing artificially low interest rates...
The federal debt will represent 62% of the nation's economy by the end of this year, the highest percentage since just after World War II, according to a long-term budget outlook released today by the non-partisan Congressional Budget Office.
In the last chapter of The Dollar Meltdown, Charles Goyette makes a fascinating observation about what has been depicted on American coins over the years:
America's earliest coins portrayed Liberty. Not rulers and politicians. Just Liberty. A symb
"The stock market at this point, which used to be a reflection of the future value of actual businesses in this country, has been turned by our government and our banks into little more than a paper shredding facility...
The recession has directly hit more than half of the nation's working adults, pushing them into unemployment, pay cuts, reduced hours at work or part-time jobs, according to a new Pew Research Center survey.
The internal numbers from yesterdays Consumer Confidence Survey were really very ugly. The American public has no interest in buying a house or car, and their view of the economy is down right bearish.
When the government began rescuing AIG from collapse in the fall of 2008 with a $182 billion lifeline, AIG was required to forfeit its right to sue several banks over any irregularities with most of the mortgage securities it insured in the precrisis
BP has confirmed its 45-ton blowout preventer is tilting sideways up to 15 degrees. Rogue scientists point to tilting as evidence of a severely weakened well, and warn it could fall and crash the entire rig through the ocean floor.
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