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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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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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:
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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In a new agreement reported by William Boston in the Wall Street Journal, “Want to Buy a Piece of a Greek Island?”, the government of Greece is taking steps to sell off and privatize a small amount of its enormous holdings of government-owned property. Will this properly begin the process of divesting to the…
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In “Mediscare: The Surprising Truth,” Thomas Savings and John Goodman discuss in the Wall Street Journal the scare-mongering campaign by the Obama administration regarding ObamaCare and Medicare, and then provide positive reform directions based on creating tax-free, private, health care accounts providing choice: The Obama administration has repeatedly claimed that the health-reform bill it…
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What is the hidden cost that Americans are paying to have the U.S. federal government spend so much money? To answer that question, let’s take a closer look at when U.S. federal government spending really went out of control. Here, if we track the U.S. federal government’s spending [1] per U.S. household against median…
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In “Stimulus price tag once again lurches higher,” Stephen Dinan reports in the Washington Times that according to the Congressional Budget Office, the cost of Obama’s “economic stimulus” package (American Recovery and Reinvestment Act of 2009 or ARRA) has now risen by another $40 billion. Congress’s chief scorekeeper said Wednesday that the price tag…
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How does today’s U.S. federal government spending compare to the levels recorded before the recession? That’s an important question to ask because a lot of politicians and bureaucrats have a pretty large stake in keeping federal spending at elevated levels. How elevated those current levels of spending are with respect to what was typically…
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