Archive for June 5th, 2011

Federal Government Workers Make Twice That of Private-Sector Counterparts


Sunday June 5th, 2011   •   Posted by David Theroux at 9:31pm PDT   •   7 Comments

Based on a new study from the Congressional Research Service (CRS), Chris Gonsalves at NewsMax reports in “What Debt Crisis? Fed Workers Making More Than Governors” that: At a time when many American workers are struggling to make ends meet and government debt is threatening to undermine economic recovery, thousands of federal employees are…
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China Drops 97% of Its Holdings in Short-Term U.S. Treasury Bills


Sunday June 5th, 2011   •   Posted by David Theroux at 3:58pm PDT   •   0 Comments

Terence Jeffrey reports at CNSNews.com that “China Has Divested 97 Percent of Its Holdings in U.S. Treasury Bills” over a 20-month period. Is this a major reflection of the increasingly precarious status of the U.S. dollar and U.S. government finances worldwide? China has dropped 97 percent of its holdings in U.S. Treasury bills, decreasing…
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