• John & Nisha Whitehead - The Rutherford Institute
This is what comes of those $1.2 trillion spending bills: someone's got to foot the bill for the government's fiscal insanity, and that "someone" is the U.S. taxpayer.
BlackRock Inc. Chief Executive Officer Larry Fink said the US public debt situation "is more urgent than I can ever remember" and that the country needs to adopt policies to spur economic growth.
Last month, the US Senate passed a resolution saying the over 34 trillion dollars (and growing) national debt threatens national security. A few days later, a bipartisan majority of the Senate voted for a 1.2 trillion dollars spending bill.
Last week, we asked 'What kind of country allows itself to be invaded?' This week, we ask 'What kind of country bankrupts itself?' Why are we even forced to asked these questions?
The Debt Crisis and Its Implications: Peter Schiff (@peterschiff) discusses the growth of the United States' national debt from $7 trillion to approximately $35 trillion and its consequences on the economy.
A new military aid package from the Pentagon won't actually make it to Ukraine. According to a report by Politico, the $300 million has already been spent by the United States ruling class.
Market speculators have lost sight of the fact that interest rates will continue to rise and that the US Government is irretrievably bust, making the fiat dollar ultimately worthless.
Of that amount, about $850 billion will go to the Pentagon, and the remaining funds will go to other US federal agencies for military programs, including the Energy Department's nuclear weapons program.
On the Senate floor, Sen. Rand Paul (R-KY) railed against pork-barrel spending in the government budget and called out several earmarks he finds most shocking.
"There has been abundant evidence of great evil at work in the world, throughout time and in our present time. Do you really wish to be ignorant of its existence and operation?" - The Great Taking – Daniel Webb
On Sunday night, Congressional negotiators revealed a bill which will fund key parts of the government through the rest of the fiscal year which began in October.
The House passed a fourth short-term spending bill to punt government funding deadlines for fiscal year 2024 further down the road, narrowly avoiding a government shutdown that would have been triggered on Friday.
In the Congressional Budget Office (CBO) projections, the United States deficit will fluctuate over the next four years, averaging an insane 5.8 percent of GDP without even considering a recession.
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