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The spending blueprint, being sent to Congress today, anticipates the government will run a deficit totaling $1.75 trillion in the year ending Sept. 30, equivalent to about 12 percent of the nation’s gross domestic product.
A Zombie Bank is a financial institution whose liabilities outweighs it assets, making its net worth “less than zero.” ZBs continue to operate because of the implicit or explicit government guarantee — along with truckloadsof taxpayer monies.
"I think it is reasonable for Obama to prove his citizenship status thus certifying his eligibility. I too raised my right hand and swore an oath to defend the Constitution of the United States," he told Taitz.
[W[hen it comes to banks and other “too big to fail” entities, the problem is severe: we taxpayers in our respective countries are funding these global monsters and are coughing up money for mistakes made by bankers who retain their bonuses and are h
There are truly outrageous increases in "domestic spending" programs, putting the meat around one of Obama's chief of staff Emmanual's often-cited maxims: "never waste a crisis when you can use it to advance your agenda."
In his first speech to Congress, the new president threw down a 90-month-old gauntlet, reaffirming the notion that committing to war halfway around the world -- in Afghanistan and now in Pakistan too -- will make Americans safer.
Ross will provide Mrs. Clinton with "strategic advice and perspective on the region, offer assessments and also act to ensure effective policy integration throughout the region," Wood added.
Standing before the nation on a "day of reckoning," President Barack Obama summoned politicians and public alike to forge a path out of the worst economic disaster by embracing shared sacrifice and costly new endeavors
I just don’t get it. And my sinking feeling that the administration plan is to rearrange the deck chairs and hope the iceberg melts just keeps getting stronger.
"As an officer, my sworn oath to support and defend our Constitution requires this" (It's ABOUT DAMN TIME!)
President Obama is benefiting from remarkably high levels of optimism and confidence among Americans about his leadership, providing him with substantial political clout as he confronts the nation’s economic challenges and opposition from nearly all
A new report is stating today that the President Obama has secretly ordered the ‘immediate’ opening of America’s vast gulag of concentration camps, built since 2001 and estimated able to hold a further 1 million
Locke, a Democrat, would be Obama's third choice for the post after his first two nominees, New Mexico Governor Bill Richardson and Republican Senator Judd Gregg, withdrew their names from contention.
"I think Afghanistan is still winnable, in the sense of our ability to ensure that it is not a launching pad for attacks against North America," said President Obama.
Now AIG, a company founded in China in 1919, with very strong ties in China, is about to report a $60 billion dollar loss in one quarter and is reported to be seeking even more money - or at least a conversion to common equity - from the federal gove
"That is why this thread has been created. For you, the future of our nation, to let us know who your parents are. Tell us the names of those who do not support Obama the way that you do."
"This new capital will not cost anyone anything. It will be dispensed by magic fairies and recovered at a later date. We cannot share exactly how this magic works because under the rules of the magic ministry...
The Obama administration, siding with former President George W. Bush, is trying to kill a lawsuit that seeks to recover what could be millions of missing White House e-mails in a stunning reversal of Obama's rhetoric about Bush secrecy on the ca
Digging a bit deeper, only 8.4 percent of homeowners in the San Francisco metro region meet the program’s criteria, and it’s even lower (6.9 percent) in the San Jose region.
Citigroup is a black hole, sucking in every dollar thrown at it and it still wants more. No amount seems enough to save it. Taxpayers have already guaranteed a whopping $300 billion dollars worth of Citigroup debt. Now, two months later...
What they need to do is tell the truth. Here is a good statement for to kick off a truth telling campaign: "The banking system is insolvent".
Is it a test if the results are pre-determined? Apparently Team Obama thinks so.
The U.S. government stands firmly behind the banking system during this period of financial strain to ensure it will be able to perform its key function of providing credit to households and businesses. ...
Citi's market cap is around $10 billion, so it seems the government is getting a poor deal if the $45 billion in preferred is converted into only 40% of Citi's common stock.
Indefinite detention, no legal rights (shadow government of Obama and Bush)
The official said the bulk of the savings come from winding down the war in Iraq, additional revenue from raising taxes on the wealthy
Secretary of State Hillary Clinton set a new tone for U.S. relations with China, saying the two nations would join a common battle against global warming even as they look for ways to pull the world out of economic turmoil and recession.
Keyes has some very strong opinions about President Obama.He is going to destroy this country and we are either going to stop him or the United States of America is going to cease to exist,” said Keye
The Obama administration, siding with former President George W. Bush, is trying to kill a lawsuit that seeks to recover what could be millions of missing White House e-mails.
That’s $8,000 per borrower, broken down to $1,600 a year, to offset the cost of mortgage modification. Ross told CNBC’s Squawk Box this morning, “Does anyone really think that all that keeps 9 million people from losing their homes is $1,600 per year
