It's not only the size of the fed's balance sheet that is so daunting; it's the makeup that's becoming truly scary.
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While Treasury doesn't breakdown the oil producing states which hold American debt (together they are in third place), that group includes quite a few pariah nations.
The eye-popping national debt surpassed $11 trillion Monday, the largest in U.S. history.
The new Treasury Department figures on the national debt w...
The government, like households, must hunker down, stop spending where it can, and plug the hole of offshoring jobs in the ship of state.
GDP for the full year 2008 was higher than 2007. But Q4 2008 GDP was lower compared to Q3. So towards the very end of the year, the denominator (GD...
Barack's Inaugural address basically told us it's time to grow up. I guess he was speaking to me and my classmates who've been "kids in the candy store" for most of our adult life.
We are in trouble unless we have an honest inquiry and discussion on the big issues of our time -- and they all come down to money and priorities.
After almost four decades of relative calm and complacency, there are signs that the social mood is beginning to sour.
I've managed to keep myself out of the shit garden for the most part, if only because I love the idea of potential. I love knowing that the human brain can keep on learning, thinking, creating.
Yes, we need government stimulus. No, that is not nearly enough. We need to change the way people earn, save and spend.
The stimulus package the U.S. Congress is completing would raise the government's commitment to solving the financial crisis to $9.7 trillion, enough ...
Unless there are reforms in Social Security and Medicare, by 2040 or so, every tax dollar collected will be needed to pay for entitlement programs and interest on the debt.
Unless we rebuild the economy it will not generate enough money to create the revenue stream to pay our debts. Why are we so resistant to raising taxes?
When the President came into office, there were about 278 million people living in America. The national debt was $5.6 trillion. Now there are 307 million of us. The national debt is $10.6 trillion.
With President-elect Barack Obama and congressional Democrats considering a massive spending package aimed at pulling the nation out of recession, the...
We must grow the economy by empowering the private sector. I would have hoped by now we learned that inflation doesn't solve anything.
Many have been quick to push the debate as a choice between stimulus and deficit reduction, but solutions committed to both objectives are critical to our short- and long-term survival.
if there is to be any change, it is going to be brought about by us, "we the people," not the politicians. No president, no congressman and no judge can do what you can.
If you thought the $700 billion bailout was bad, think again. The Federal Reserve is apparently handing out two trillion dollars in loans and it won't disclose where the money is going to.
This coming January 20 a record breaking four million people will attend his inauguration. This is especially amazing since Barack Obama is responsible for the recession? Aghast, didn't you hear!
Many American have no idea how long the country has been running deficits and they may not have all the numbers at their fingertips, but the general drift has not escaped them.
Since we didn't raise taxes in 2001, our time of surplus, those of us who do not sink under the coming depression, will wither under the burden of the coming inflation.
As our presidential nominees discuss bailouts and economic plans they have largely ignored one particular issue that underpins them all: Saudi Arabia.
In a very sad sense, there appears to be no true ceiling to the debt ceiling. Congress raised the debt ceiling to $10.6 trillion in July 2008 and is currently proposing an additional $700 billion.
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