Ludwig von Mises noted that by calling their program "welfare" the economic interventionists slanted the debate in their favor, for who could oppose such a thing?
The U.S. Federal Reserve gave out $16.1 trillion in emergency loans to U.S. and foreign financial institutions between Dec. 1, 2007 and July 21, 2010, according to figures produced by the government's first-ever audit of the central bank.
Mr. Speaker, I rise to speak against HR 2560, the Cut, Cap, and Balance Act. This bill only serves to sanction the status quo by putting forth a $1 trillion budget deficit and authorizing a $2.4 trillion increase in the debt limit.
Economics professor Steve Keen is also calling for a debt jubilee, stating:
Egan-Jones cuts the U.S. debt from AAA to AA+ citing factors that move beyond the current political debate over how the debt ceiling will ultimately be raised! Who is Egan-Jones and why should anyone care about what its analysts think? Aren't
It is hilarious to observe the most recent preening and fluffing behavior of the national bird in Washington. No, it’s not the bald eagle, or the alleged choice of Ben Franklin, the survival-oriented wild turkey.
Going broke fast is a very compelling problem. For ordinary people it tends to induce chicken-with-no-head syndrome - a mad burst of pointless locomotion ending in sudden collapse.
One way to look at the artificial conflict over the debt ceiling theater is in terms of Gypsy Rose Lee doing the striptease fan dance. The beltway burlesque script is designed never to solve real problems.
Where the Republicans will be able to pose as debt fighters, but where the President will be able to increase the debt.
According to nationalpriorities.org, for 2012 Santa Barbara County taxpayers will give $811.8 million toward the Department of Defense budget, not counting the wars in Iraq and Afghanistan. For those two wars, county taxpayers have given an additiona
It Ain't Money - If they can't print it. Article by Peter Schiff. / The Phony Gold Standard - Beware it, says Robert Blumen. / How to Make Your Old Car Look New - Eric Peters on the little things.
This is not about the "ceiling." It is about fiscal sustainability.
The Senate Minority Leader on Tuesday proposed a complicated legislative maneuver whose ultimate effect would allow the president to bypass a deeply divided Congress and raise the debt ceiling.
When asked if the American AAA rating is worth saving, his reply: “probably not. I think if you had a market evaluation on this issue, it should have marked down a long time ago.”
The excuse: the potential upcoming government shutdown, which would lock California out of the muni market. Surely the fact that it already has little to no cash left was not a part of the equation.
Only one-third-plus-one votes in the both houses would be needed to raise the debt limit under the plan.
On July 6th, just two days ago, at least a dozen busybody Congressmen sponsored the introduction of HR 2411, the “Reduce America’s Debt Now Act of 2011.”
When Obama launched his re-election propaganda campaign to trick the American public into thinking that he intends to end the Af-Pak War, he said that the “War on Terror” has cost $1 trillion over the past decade. While that is a staggering amount of
The program's benefits weren't worth the cost—and now the U.S. is in jeopardy of repeating the same mistake, says a leading space policy expert.
Dave - "Escape Harassment" is a Volunteer Group of Researchers and Educators. / Drew Phillips - Dime Cards at Porcfest / whatisthiscoinworth.info / Sheriff Richard Mack - Grant County, Oregon: The Solution To Tyranny
As President Bush prepared to invade Iraq in September 2002, the head of his economic policy council, Lawrence Lindsey publicly estimated such a war could cost $100 billion to $200 billion.
In this bubblicious world of trillion dollar deficits, sovereign bailouts, and fiscal stimulus measures of historical proportions, there is one economist whose theories and underlying philosophy underpin the foundation of modern macroeconomics.
If the Great Depression teaches us anything, it is that government spending does not create wealth and does not create economic growth. Both Presidents Herbert Hoover and Franklin Roosevelt followed the recommendation of John Maynard Keynes, a very
The final bill for U.S. military involvement in Iraq, Afghanistan and Pakistan could be as much as $4.4 trillion, according to a comprehensive report Tuesday. In the 10 years since American troops were sent into Afghanistan, the federal government h
The US ambassador in Baghdad said on Saturday that the State Department has asked for a $6.2 billion budget for Iraq in 2012, underscoring that its oil and gas reserves were critical for the world's future energy needs.
We know the Federal and State governments are in serious fiscal trouble. Having overspent and over borrowed, they are now faced with the real prospect of having to reduce jobs, spending programs and retirement related benefits.
Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress...
Today we find the United States and most of Europe in a similar situation. We risk an eruption and collapse of the mountain of unsustainable sovereign debt built up over the last two decades.
Constitutional scholar Jonathan Turley spoke to Current TV’s liberal host Keith Olbermann last night and revealed that top Democrats had approached him for advice on the argument that the country’s constitutional debt limit...
Soon, when you sleep through your Monday morning alarm, it may be Uncle Sam’s fault. Federal officials are considering an experiment on the nation’s electrical grid that could interrupt the way your appliances tell time.