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U.S. Government's Foreign Debt Now $47,495 Per Household
Read More http://newswalls.blogspot.com/2012/10/us-governments-foreign-debt-now-47495.html The debt that the U.S. government owes to foreign interests now equals approximately $47,495 for each household in the United States, according to the latest data released by the... Debt, Health Care and Credibility of Republican Politicians
Again and again we see Republican candidates shout about the federal debt. A typical statement, made by Republican Congressional candidate in California Ben Campos, reads,
Stop the deficit spending, eliminate the waste, balance the budget and restore accountability. ... Who caused deficit?
The attached picture says all that's needed to say.
Useful Economic and Budget Charts
I'm including several charts about the economic and debt numbers under recent administrations. It tells quite a lot. UK public sector lost £38 billion to fraud last year
23 May 2012 The public sector lost £38 billion to fraud, error and debt last year because of a "wilful ignorance" within government, it has been claimed. Cabinet Office Minister Francis Maude hit out at the... Debt metric is Obama vulnerability
Stop the bleeding President Obama is out-debting President George W. Bush. In Obama’s own words, that behavior is unpatriotic and un-American. I agree. The question is what is driving the debt? Foreign policy we... Republicans: A Party of Lies
Three years ago, a columnist wrote that President Obama should "go gangsta" on GOP for its obstructionist tactics and its lies to the people.
Obama may or may not go gangsta on GOP, but I will.
What many people do not understand is that the Republican Party is the party... Keynesian Economics, GDP and Debt
The failure of Keynesian economics can be traced to a single error. GDP is seen as the singular measure of economic strength and well-being, which it is not. GDP measures consumption; and it's no secret that consumption can be made to rise through all sorts of unsound and... Why Debt Matters and Who Is Its Source
During the Bush administration, when America accumulated $6 trillion in debt, with a Republican Congress and White House, at a time that there was absolutely no need for it and before the baby boomers had even started to retire, a Republican commentator stated that Reagan had... The leveling of America by Congressional desire
By James A. George, YankeeJimsAmerica, the American Political System Being a global competitor means equal-pay-for-equal-work by a global standard where salaries are determined by adjusting the base line for... Britains £4.8 trillion of national debt and counting
If you want to see how Britain was in its glory days, don't go to a museum, go to Hong Kong. This Film documentary made by Martin Durkin explains the full extent of the financial mess that Britain is in, with an... Debt Super Committee needs a hero? I'll be your Huckleberry
Well the deadline has come and gone for the Debt Super Committee? The Stock Market is roiled and America risks having its credit rating down graded. What should be done? This morning this author took his...
created by CynicalPatriot | 1 year ago | updated 1 year ago
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“Play by the rules,” Obama to China
Short them “ ‘For an economy like the United States -- where our biggest competitive advantage is our knowledge, our innovation, our patents, our copyrights -- for us not to get the kind of protection we need... Collection agency goes after House Speaker John Boehner
Washington, DC - China wants its money back, and it wants it now. Not surprisingly, the target of the Communist nation’s demands is conservative poster boy John Boehner (R-Ohio), the Speaker of the House. Things... Mathematically speaking: Take away, give away
Debit, Credit Look, I understand the situation. It is straightforward. The Bush tax breaks to the wealthy were unaffordable at a time when Bush war policy was too aggressive. We could not afford it and finances got... Top Members Today
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