Archives for 

trillion

Media Accepting Obama’s Spin on the Economy

Roger Aronoff,  With as many lies and distortions that proceed from this scandal-plagued administration, one might think that mainstream reporters would turn a skeptical eye toward another one of President Obama’s carefully crafted narratives. Each narrative is designed to push “progressive” policies or to cover up administration mismanagement. But our corrupt media reflexively cheer whenever […] Continue reading →

A World Overflowing With Debt

Does anybody still remember 2007? The world economy is still built on debt.  That’s the warning today from McKinsey & Co.’s research division which estimates that since 2007, the IOUs of governments, companies, households and financial firms in 47 countries has grown by $57 trillion to $199 trillion, a rise equivalent to 17 percentage points of gross […] Continue reading →

5 Things To Know About Obama’s $4 Trillion Budget

Conn Carroll  President Obama unveiled his fiscal year 2016 budget Monday, a proposal that would spend $3.99 trillion while running a $474 billion deficit. The document will serve as a blueprint for White House policy for upcoming fights with Republicans on immigration, health care, infrastructure, and tax reform.  Highlights every conservative should know include: 1. Higher […] Continue reading →

The American People Are Utterly Clueless About What Is Going To Happen As We Enter 2015

Michael Snyder,  The American people are feeling really good right about now.  For example, Gallup’s economic confidence index has hit the highest level that we have seen since the last recession.  In addition, nearly half of all Americans believe that 2015 will be a better year than 2014 was, and only about 10 percent believe that it will be […] Continue reading →

Wars’ Cost to U.S. Since the Sept. 11 Attacks: $1.6 Trillion

 The wars in Iraq and Afghanistan and counterterrorism operations have cost the U.S. a combined $1.6 trillion since the Sept. 11 terrorist attacks, according to a new Congressional Research Service analysis. Through fiscal 2014, which ended in September, Congress approved $815 billion for warfare in Iraq, $686 billion for Afghanistan and other operations against terrorism, […] Continue reading →