We are living in the greatest debt bubble in the history of the world. In 1980, total government and personal debt in the United States was just over the 3 trillion dollar […]
The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers. Politicians love to borrow […]
There has been a tremendous amount of talk about the spending deal that was just reached in Congress. Most of the focus has been on who “won” and who “lost” politically, and […]
The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt. On Wednesday, the Dow crossed the 20,000 mark for the […]
China was recently the largest holder of US treasury securities, but has now lost that title to Japan after China started selling their securities rapidly. Chinese authorities are sacrificing their coveted position […]
Is the prepper movement in the United States dying? At one time it was estimated that there were 3 million preppers in the United States, but in late 2016 interest in prepping […]
Barack Obama is about to become the 20 trillion dollar man. With less than two months to go in his second term, the U.S. national debt stands less than 150 billion dollars […]
If you really wanted to live like a millionaire, you could start doing it right now. All you have to do is to apply for as many credit cards as possible and […]
Americans appear to be increasingly pessimistic about the future of America. According to a Real Clear Politics average of recent polls, 68.9 percent of Americans believe that the country is on the […]
Under Barack Obama, the U.S. national debt has risen from $10,626,877,048,913.08 on January 20th, 2009 to $18,795,033,928,275.59 on December 21st, 2015. That means that the debt that we are passing on to […]
Would you pay $400,000 for a single helmet? Of course you wouldn’t – but that is precisely what the U.S. government is doing. Just the helmet for the pilot of the new […]
There’s going to be a collapse in the United States of America. Again. This collapse around, there’s nothing the United States (US) government can do to ‘rescue’ the US economy because the […]
There has been so much attention on Greece in recent weeks, but the truth is that Greece represents only a very tiny fraction of an unprecedented global debt bomb which threatens to […]
Did you know that if you took every single penny away from everyone in the United States that it still would not be enough to pay off the national debt? Today, the […]
When it comes to taking a chainsaw to the future of America, nobody seems more eager than Barack Obama. Despite the fact that the U.S. national debt is on pace to approximately […]
The federal government drove $789,473,350,613.20 deeper into debt in calendar year 2014, an increase that equaled $6,875 per household, $7,458 per full-time year-round worker, and $8,853 per full-time year-round private-sector worker. According […]
As the calendar flips to 2015, fiscal pressures will continue to tax the budgets of state and local governments. And that could mean higher taxes for many Americans. Projections released this month […]
The U.S. federal government has prompted controversy after spending over $33,000 on a study to find out whether same-sex couples live closer to tobacco shops than heterosexuals. The large sum was spent […]
China’s holdings of U.S. Treasuries fell to a 20-month low in October, as yuan appreciation indicated less of an impetus to buy the government securities. China held $1.25 trillion in U.S. debt […]
$1.1 trillion is a little over a thousand billions and astronomers estimate there’s only around 170 billion galaxies in known existence, stretching nearly 14 billion light-years away in every direction. Additionally, one […]
The federal debt has increased by $3.8 trillion in the 3.8 years that have passed since House Speaker John Boehner cut his first spending deal with Senate Democrats and President Obama. That […]
In just the last seven years—the last under George W. Bush and the first six under Obama—the debt has increased by roughly $7.4 trillion. That’s 10 times the entire debt incurred in […]
Did you know that the National Institutes of Health spent $374,000 to find out if a puppet show would convince preschoolers to eat more vegetables? Or, that the Department of Agriculture gave […]
There’s so much misinformation and propaganda about this; let’s examine some of the biggest lies out there about the US debt: 1) “They can get it under control.” What a massive lie. […]
The current debt level of over $17.9 trillion would thus take more than 398 million years of working at the average wage to pay off. This means that even if every man, woman and child in the United States would work for one year just to help pay off the debt the government has piled on in their name, it still wouldn’t be enough.
The federal government is spending nearly a half a million dollars to find out why obese teenage girls have a hard time getting dates. The National Institutes of Health (NIH) awarded a $466,642 grant last week for the study, which will examine whether social skills have an impact on why obese girls have fewer dating experiences than their less obese counterparts. “Mounting evidence demonstrates that weight influences intimate (i.
For the current fiscal year, the U.S. government is estimated to pay $430 billion in interest on the national debt.
Today marks the end of the federal government’s fiscal year. It’s also the biggest one-day shopping spree of the year– the day when federal agencies rush to spend the last of their money before October 1, before anything left over is returned to the Treasury. Since agencies cannot carry over unspent funds, the idea is “use it or lose it.
I know that headline sounds completely outrageous. But it is actually true. The U.
If so, Italy’s public debt will spiral to dangerous levels next year, ever further beyond the point of no return for a country without its own sovereign currency and central bank. “This is catastrophic for the finances of the country. We’re heading for a debt ratio of 145pc next year,” said Antonio Guglielmi, global strategist for Mediobanca.
The idea that the Obama administration has the budget deficit under control is a complete and total lie. According to the U.S.
For the first time in the nation’s history, foreign interests now own more than $6 trillion in U.S. government debt, according to the most recent Treasury Department report on major foreign holders of the debt, which includes the numbers through the end of June.
