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National Debt

Not Another Stimulus Package!

Michael Pento | Posted 11.22.2008 | Business

Read More: Economy, Fed, Ronald Reagan, Governement Created Jobs, Bernanke, Economic Growth, Federal Reserve Chairman, 150 Billion, Debt Ceiling, Unemployment, National Debt, Nancy Pelosi, There You Go Again, Stimulus Package, Job Creation, Paul Ryan, Business News
Michael Pento

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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"Dear Florida": Five Ways McCain/Palin Will Make Things Worse For Older Americans

RJ Eskow | Posted 11.20.2008 | Politics

Read More: McCain Health Policy, John McCain, National Debt, McCain Economic Policy, McCain Senior Policy, McCain Social Security, Sarah Palin, Barack Obama, National Deficit, Sarah Silverman, Politics News
RJ Eskow

While McCain now lags in all age groups, he retains his strongest support among voters 65 and older.

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McCain's Spending Freeze Would Send Us Into the Dark Ages

Kim Mance | Posted 11.20.2008 | Politics

Read More: John McCain, McCain Spending Freeze, John McCain Spending Freeze, John Mccain Suspends Campaign, Election 2008, 2008 Election, National Debt, Federal Budget, Federal Budget Deficit, Presidential Debates, Politics News
Kim Mance

No Senator McCain -- a government spending freeze of "everything but defense, veteran affairs and entitlement programs" is not OK.

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The Debt vs. Interest Rate Conundrum

Michael Pento | Posted 11.17.2008 | Business

Read More: 10 Trillion, Federal Funds Rate, Market Forces, Economy, Fixed Income Shock, Intra-Bank Lending, Consumer Spending, Fixed Income, Credit Crisis, The Fed, Print Money, Recession, National Debt, Bailout, Low Interest Rates, Inflation, Economic Meltdown, Treasury Issuance, Money Supply, Free Market, Interest Rates, Fixed Income Rates, Business News
Michael Pento

It now takes about 10 cents on every tax dollar collected just to pay the interest on the debt. As bad as that is, it's only because interest rates are at record lows that the debt is still manageable.

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Questions in a Time of Crisis

Tony Campolo | Posted 11.14.2008 | Business

Read More: Living Beyond One's Means, Foriegn Oil, National Debt, Indulgent Lifestyles, Wall Street Crash, Alternative Energy, Economic Crisis, Foriegn Oil Dependency, Financial Crisis, Credit Crisis, Alternative Energy Investment, War in Iraq, Congressional Bailout Package, Bailout Bill, Denmark, Business News
Tony Campolo

It is popular these days to blame our economic troubles on the greed of corporate CEO's. Yet we have to face up to the reality that we are ourselves major culprits in this financial fiasco.

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Putting Reaganomics, and McCain, Out of Our Misery

Jeff Schweitzer | Posted 11.14.2008 | Politics

Read More: Reaganomics, Mccain, Wall Street Crisis, Wall Street, Economy, Election, Debt, National Debt, Bailout, Politics News
Jeff Schweitzer

The legacy of Reaganomics is a national debt exceeding $10 trillion. We now have big government and failed markets, all a present from the grave of the former B-list actor.

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Republican Presidents Always Ones Responsible For National Debt

Thomas J. Cady | Posted 11.09.2008 | Home

Read More: George Bush, Bill Clinton, National Debt, Ronald Reagan, Barack Obama, Economic Crisis, Economy, George W. Bush, 2008 Presidential Race, 2008 Election, Presidents, John McCain, Home News
Thomas J. Cady

The Republican presidents have consistently borrowed huge sums of money and spent it on things that have provided no return to the American people. Huge military build ups and wars do not add to the economy, they diminish it.

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National Debt Passes $10 Trillion, No One Notices

Scott Bittle and Jean Johnson | Posted 11.07.2008 | Business

Read More: John McCain, Wall Street Bailout, Wall Street Crisis, National Debt, Federal Budget Deficit, Economy, Financial Crisis, Barack Obama, Federal Budget, Business News
Scott Bittle and Jean Johnson

Ten trillion is an almost unimaginable number -- so colossal that the National Debt Clock in Times Square, for example, didn't even have room for that many digits. On Sept. 30, they had to squeeze the "1" and the dollar sign into the same box.

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Porky the Bailout Bill

Michael Pento | Posted 11.07.2008 | Business

Read More: Government Bailout, Economy, Failing US Dollar, Department of Treasury, Gdp, National Debt, Interest on the Debt, CBO, Congressional Budget Office, The Fed, Business News
Michael Pento

Currently, about ten cents on every tax dollar goes to paying just the interest on the national debt. Interest on the debt alone will grow to 12.4% of our entire GDP by 2050.

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McCain Will Raise Your Taxes, Obama Will Raise Your Income

Stephen Herrington | Posted 11.07.2008 | Home

Read More: Reagan, Taxes, Deficit, Progressive Taxes, National Debt, Tax Increase, Economy, Mccain, Obama, Bush, Taxes Obama, Obama Taxes, Herrington, Obama Mccain Tax Plan Benefits Chart Rolling Stone, Will Mccaine Raise Taxes, Obama Income Mccain Taxes, Mccain's Policies on Taxes, Home News
Stephen Herrington

Americans now pay less in taxes than at any time since WWII. The low tax rate, in effect now for eight years, has produced nothing even close to resembling general prosperity.

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Some Facts About Spending and Debt, Please?

David Paul | Posted 11.06.2008 | Business

Read More: National Debt, Presidential Debates, Reaganomics, Tax and Spend, Economy, Business News
David Paul

The argument that Republicans are either the party committed to smaller government or to balanced budgets is purely specious.

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$265,000 Per Family: Why America Cannot Afford the Price of a McCain Victory

David Paul | Posted 11.04.2008 | Politics

Read More: Republican Hypocrisy, Gop Brand, Grover Norquist, National Debt, McCain Taxes, Economy, 2008 Election, Fiscal Responsibility, Politics News
David Paul

$265,000 per family. Enough to put four kids through the average public university, but instead just a burden on America's future.

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Say it Ain't So, Sarah

Reese Schonfeld | Posted 11.03.2008 | Politics

Read More: Vice Presidential Debate, Bush Administration, Joe Biden, National Debt, Recession, Sarah Palin, Politics News
Reese Schonfeld

Over the last eight years, the Republican administration (in which John McCain has played a significant role) has turned a surplus of $250 billion a year into a deficit of $500 billion a year.

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Time for Plan B?

David Paul | Posted 11.02.2008 | Politics

Read More: Fiscal Crisis, Wall Street Crisis, National Debt, Paulson Bailout Package, Economy, Subprime Mortgage Crisis, Politics News
David Paul

Markets are a confidence game--perhaps trust is a better word--built on the belief that tomorrow will come around and it will be a lot like today. Tha...

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Deleveraging Society

David Paul | Posted 10.31.2008 | Business

Read More: Fiscal Crisis, Wall Street Crisis, Value of the Dollar, National Debt, Economic Growth, Federal Budget Deficit, Current Account Deficit, Business News
David Paul

As a nation, we have ceased to save, and -- political rhetoric notwithstanding -- we have never seriously considered that we should stop spending.

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Take A Deep Breath And Count To Three

Aaron Harber | Posted 10.26.2008 | Business

Read More: Robert Rubin, Henry Paulson, David Walker, Bailout, Deficit, Economy, National Debt, Secretary of the Treasury, Foriegn Investment, John McCain, Free Market Capitalism, Shadow Government Statistics, Federal Debt, u.s. Economy Problems, Barack Obama, National Deficit, Inflation, Congressional Bailout, Foriegn Investors, Financial Crisis, Free Market, Current Account Deficit, Socialists, Business News
Aaron Harber

Congress and the current Administration have allowed the nation's finances to deteriorate to a dangerous level.

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Regardless of Who Wins the Election, Start Teaching Your Kids Mandarin

Christopher Ingram | Posted 10.25.2008 | Politics

Read More: War Hero, Social Security, John McCain, Tom Delay, National Debt, George W. Bush, Chris Ingram, Community Organizer, Congress, Maverick, Reform, Mccain, Obama, Dukakis, Campaign, Media, China, Gas Crisis, Sarah Palin, Mortgage Crisis, Mandarin, Elections, Nancy Pelosi, Debates, Barack Obama, Politics News
Christopher Ingram

Voters don't want change. When the American voting public goes to the polls and re-elects the same bunch of losers to Congress year after year, they should expect to get more of the same.

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When Talk Isn't Cheap: The Bailout, the Budget and Promises They Can't Keep

Scott Bittle and Jean Johnson | Posted 10.23.2008 | Business

Read More: Taxes, John McCain, National Debt, Federal Budget Deficit, Bailout, Wall Street, Economy, 2008 Presidential Race, Federal Budget, Barack Obama, Lehman Brothers, AIG Bailout, Business News
Scott Bittle and Jean Johnson

So what does this mean for Senator McCain, Senator Obama and the rest of us? Even before the financial crisis, both candidates were offering plans that were fiscally doubtful, to say the least.

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An Interview with I.O.U.S.A. Director Patrick Creadon

Asher Goldstein | Posted 10.10.2008 | Entertainment

Read More: Patrick Creadon, I.O.U.S.A, National Debt, Economy, Movies, Entertainment News
Asher Goldstein

A few weeks back a documentary hit theatres with quite an alarming buzz. I proclaimed it as "the most crucial film of the year"- the "must see film of...

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Stop What You are Doing. Go See this Movie! I.O.U.S.A.

Asher Goldstein | Posted 09.21.2008 | Entertainment

Read More: National Debt, Economy, Robert Bixby, I.O.U.S.A, David Walker, New in Theatres, Movies, Entertainment News
Asher Goldstein

I.O.U.S.A. is the most crucial film, the "must see film", of this year.

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Coming Soon: "An Inconvenient Truth" For The Economy

Washington Post | Frank Aherns | Posted 09.06.2008 | Business

Read More: National Debt, IOUSA, Economy, I.O.U.S.A, Recession, Business News

A private-equity billionaire, a former federal government official and a Baltimore newsletter editor have made a documentary film that they hope can d...

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George W. Bush Has Left Our Economy in Shambles

Christopher Ingram | Posted 08.07.2008 | Politics

Read More: Social Security, John McCain, GOP Congress, National Debt, Economy, George W. Bush, Chris Ingram, Reckless Spending, Economic Stimulus, Medicare, China, Treasury Notes, War in Iraq, Ted Kennedy, National Deficit, Politics News
Christopher Ingram

Bush managed to fool a significant number of voters into believing he shared their conservative values. But you can't argue with his record: he's a free-spending liberal who could make Ted Kennedy blush.

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How to Balance the Federal Budget

Hale "Bonddad" Stewart | Posted 07.18.2008 | Business

Read More: Economy, Taxes, Balanced Budget, National Debt, Budget, Business News
Hale

Let's overlay the current economic environment -- we're in a recession and we're not getting out of it anytime soon. That means that tactically, this is a terrible time to increase taxes.

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National Debt Grows At $1 Million A Minute

AP | Tom Raum | Posted 03.28.2008 | Business

Read More: U.S. Debt, Economic Misery, Growing Debt, Credit Crunch, National Debt, Business News

Like a ticking time bomb, the national debt is an explosion waiting to happen. It's expanding by about $1.4 billion a day - or nearly $1 million a min...

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