Archive for June, 2011

House Rejects Raising National Debt Ceiling from $14.3 to $16.7 Trillion


Saturday June 4th, 2011   •   Posted by David Theroux at 7:01pm PST   •   3 Comments

In the Washington Post, Lori Montgomery and Paul Kane report that with strong public support and White House opposition, the “House rejects proposal to raise debt ceiling” by voting down a measure that would raise the national debt ceiling by 16.8% from the current $14.3 trillion to a whopping $16.7 trillion. With an August...
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The Real Story of Big Government Spending in the U.S. Since 1932


Saturday June 4th, 2011   •   Posted by David Theroux at 11:36am PST   •   0 Comments

Here is a great video presentation on the gigantic growth of Big Government federal spending and debt in the United States and its impact on the average America:

Treasury Default?


Wednesday June 1st, 2011   •   Posted by Emily Skarbek at 9:12am PST   •   1 Comment

The Treasury Department reiterated that Aug. 2 remains the projected day the U.S. would start defaulting on its obligations. The U.S. reached its $14.3-trillion debt ceiling on May 16, but Treasury officials have been doing some complex financial juggling to push off the date at which the nation would start defaulting on its obligations....
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