Posts tagged as:

Government Spending

Analyst Says U.S. In Worse Financial Shape than Greece

June 13, 2011

$100 Trillion.  That’s the amount that Pimco analyst Bill Gross said today that the U.S. is on the hook for.  This includes the debt, interest on the debt, as well as all current Medicare and Social Security obligations.  It is hardly surprising.  Since the advent of the New Deal and the change towards government as [...]

Read the full article →

Bailout, Part II

January 16, 2009

The remaining 350 billion of the $700 billion tarp bailout was released to the Treasury Thursday to do with as it sees fit.  A no-confidence vote was taken in the Senate, and it was defeated 52-42.  It needed passage in both houses to kill the rest of the bill, so any house vote is meaningless. [...]

Read the full article →