Keyword: bankruptnation

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  • The dark side of transparency

    09/19/2011 9:47:03 AM PDT · by IbJensen · 1 replies
    Republican American ^ | Sunday, September 18, 2011 | Editorial Staff
    One thing about President Obama — he keeps his promises. He vowed transparency in his administration's dealings, and the motives behind the jobs bill he unveiled Sept. 8 scarcely could be more transparent. The bill, which he's repeatedly insisted must be approved by Congress ASAP, essentially is Stimulus Lite. Adding up to a little more than half the cost of the 2009 stimulus, it would "jumpstart economic growth and job creation," the White House press office says. Americans who might be inclined to look askance at skeptical Republican lawmakers should consider the following: Mr. Obama's vow that the entire package...
  • Debt Has Increased $5 Trillion Since Speaker Pelosi Vowed, ‘No New Deficit Spending’

    10/25/2010 5:50:45 AM PDT · by IbJensen · 17 replies
    CNS News ^ | 10/25/2010 | Terance P Jeffrey
    ( - When Rep. Nancy Pelosi (D-Calif.) gave her inaugural address as speaker of the House in 2007, she vowed there would be “no new deficit spending.” Since that day, the national debt has increased by $5 trillion, according to the U.S. Treasury Department. "After years of historic deficits, this 110th Congress will commit itself to a higher standard: Pay as you go, no new deficit spending,” Pelosi said in her speech from the speaker’s podium. “Our new America will provide unlimited opportunity for future generations, not burden them with mountains of debt." Pelosi has served as speaker in...
  • Steve Cohen praised at conference on slavery reparations

    09/28/2009 10:20:33 AM PDT · by greyfoxx39 · 66 replies · 2,365+ views
    Commercial Appeal ^ | September 25, 2009 | Bartholomew Sullivan
    WASHINGTON -- Reparation for the legacy of slavery and peonage may not come in the form of a check, but it must come, speakers said Friday at a forum sponsored by the Congressional Black Caucus Foundation. Others said the apology for slavery that the House passed last year and the Senate passed this year were good first steps, and singled out U.S. Rep. Steve Cohen, D-Tenn., who was on Friday's panel, for authoring the House resolution. "For him to stand up -- before even other people in the caucus stood up -- is remarkable," said Harvard Law School professor...
  • Federal Liabilities Now Equal $175,000 for Every American

    11/08/2007 8:06:21 AM PST · by Sub-Driver · 29 replies · 738+ views
    Federal Liabilities Now Equal $175,000 for Every American By Terence P. Jeffrey Editor in Chief November 08, 2007 ( - Deficit spending and promised benefits for federal entitlement programs have put every man, woman, and child in the United States on the hook for $175,000, says a new report by David Walker, comptroller general of the United States. On Tuesday, Walker sent the results of his audit of the federal debt to Treasury Secretary Henry Paulson. The audit revealed that, as of Sept. 30, the last day of fiscal year 2007, the U.S. government owed $8.993 trillion. Of this...