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Entries in National Debt (4)

Sunday
Dec022012

Video of The Day: President Obama, What is Your Plan?

This is unconscionable.

“America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.”

Abraham Lincoln

 

 

Thursday
Jul262012

The Bubble: Who Caused it. Who Called it. What’s Next?

Scheduled for release in the Fall of  2012, “The Bubble” asks the experts who predicted the current recession, “What happened and why?” Diving deep into the true causes of the financial crisis, renowned economists, investors and business leaders explain what America is facing if we don't learn from our past mistakes. The film poses the question: “Is the economy really improving or are we just blowing up another Bubble?”

This movie trailer shows just how little difference there is between the political parties when it comes to “buying your vote” with big-government, taxpayer-funded programs and policies that are doomed to failure.  When history repeats itself it’s usually at a higher price.

A looming government-backed student loan bubble has soared in recent years to an incredible $867 billion as of year-end 2011.

Monday
Jun042012

Million, Billion, Trillion...What is it costing You?

With the United States debt quickly approaching $16 trillion, did you ever stop to think what comes after a trillion?

The answer is: quadrillion (1000 X 1 trillion).

Emily Skarbek, Director of the Center on Entrepreneurial Innovation at the Independent Institute, explains how MyGovCost.org can help you better understand how much government spending is costing you.

 

Monday
Dec122011

House Republicans Bill adds $25.3 Billion to Deficit

It appears obvious that whether a U.S. Congressman has a D or an R after their name there is little separating the two parties these days when it comes to deficit–spending.  This could explain why the latest Real Politics Congressional Job Disapproval rating is 82.5%, leaving Washington lawmakers with a dismal 12.0% job approval rating.

For further evidence that there is little difference between the parties look no further than the Republicans’ House payroll tax bill which will add $25.3 billion to the federal deficit over the next 10 years, according to the Congressional Budget Office.  What’s the big deal in adding a quarter trillion to the country’s swelling National debt which today sits at $15.6 trillion and chang?   Obviously, NOTHING, when it comes to the U.S. Congress.

According to THE HILL the Republican bill also extends the payroll tax and federal unemployment benefits for one year, adding $166.8 billion to the deficit for fiscal year 2012. Much of those costs would be offset over the 10-year period through other provisions in the bill.

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