Politics Category Archives
Mexico and Brazil Now Top 10 Creditors to US Government!
7 August 2008 | Politics | No Comments
As the US external debt continues to spiral out of control, nations that were previously severely indebted to the US are now lending money to their former creditor.
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White House projects record deficit for 2009
28 July 2008 | Politics | No Comments
President Bush inherited a budget surplus of $128 billion when he took office in 2001 but has since posted a budget deficit every year.
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Faith Based Currency
24 July 2008 | Politics | No Comments
The Latin term “fiat” roughly translates to “there shall be”. When we refer to fiat money, we are referring to money that exists because the government declares it into existence. It is not based on production or earnings, and not backed by any commodity. It is solely based on trusting the government. […]
US “Stimulus” Rebate Checks: Straight to the Gas Tank?
16 March 2008 | Politics | No Comments
President Bush, his staff, and many lawmakers are counting on rebate checks to boost the ailing economy. For that to happen, they also need to hope higher oil prices don’t wipe out the effect of their $168 billion stimulus package.
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Halliburton’s Dubai Move Sparks US Political Ire
14 March 2007 | Politics | No Comments
“It’s an example of corporate greed at its worst,” Democratic Senator Patrick Leahy, chairman of the powerful Senate Judiciary Committee, said in a statement. “This is an insult to the US soldiers and taxpayers who paid the tab for their no-bid contracts and endured their overcharges for all these years,” he charged.
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