Archive for the ‘Economics’ Category

$3,400,000,000,000

$3,400,000,000,000
That is a lot of zeros folks… 300,000,000,000 more than Bush’s 2009 Federal budget. While that is a VERY large (and still increasing year to year BTW) budget, the press and the President himself are wagging the dog with his amazing budget cut proposals. He even recycled the “it’s not a lot of [...]

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Don’t break your arm patting yourself on the back!

President Obama has “trimmed some fat” from his massive budget and is giving himself the proverbial pat on the back, stating that somehow a $100 Million reduction will eventually “add up to a lot” and “address a confidence gap” in government spending.
$100 Million in cutbacks… on a $3.6 trillion budget. Might seem like an insurmountable [...]

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AIG and your runaway Congress

If you’ve watched the news lately you’re probably floored that AIG would dare to hand out over $165 Million in retention bonuses to some of the very people who were managing the disaster. My opinion… pay the bonuses for NUMEROUS reasons.
First and foremost, AIG was under contract to pay these bonuses based on contracts that [...]

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$410B Spending bill so full of pork, can we call it SPAM yet?

It appears as if we can chalk Obama’s September promises of zero earmarks to campaign rhetoric. So far, this additional $410 Billion Omnibus Spending bill is so jam packed with earmark spending it’s bordering on pathetic.
“We need earmark reform, and when I’m President, I will go line by line to make sure that we are [...]

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How much would you owe?

How much of your money did your government promise to failed private companies and state governments?

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