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80%  
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Keyword: trillion

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  • DELINGPOLE: Paris – Trump Just Dodged A $2.5 Trillion Bullet

    06/07/2017 11:12:54 AM PDT · by ForYourChildren · 34 replies
    Breitbart ^ | 06/07/2017 | JAMES DELINGPOLE
    Here’s more evidence that Trump did the right thing by pulling out of the UN’s Paris climate agreement. Had the U.S. stayed in it would have been on the hook for a fair chunk of this eye-watering pay demand from India. {..snip..}
  • Just so you know: Total U.S. debt and other obligations now total $69 trillion

    03/13/2017 9:23:16 AM PDT · by Sean_Anthony · 16 replies
    Canada Free Press ^ | 03/13/17 | Dan Calabrese
    That's 370 percent of GDP, but hey, why change anything we're doing? Exceptional work here from economics writer George Melloan, a one-time member of the Wall Street Journal editorial board and an one of the few who really understands the role currency, interest rates and the Federal Reserve plan in setting the nation’s fiscal course. But within a piece that deals with a fair amount of esoterica, Melloan almost matter-of-factly gives us a jaw-dropping fact: This nation is absolutely drowning in debt:
  • Quasar Found 420 Trillion Times Brighter Than Our Sun

    07/29/2016 3:23:48 PM PDT · by blam · 49 replies
    Astronomy Trek ^ | 2016 | Astro Trek
    Quasar Found 420 Trillion Times Brighter Than Our SunAn international team of astronomers have discovered a huge quasar 420 trillion times brighter than our sun around 12.8 billion light years away from Earth, placing its formation around 875 million years after the big bang. The ancient object is powered by a massive black hole and contains a staggering 12 billion solar masses, surprising scientists who had not expected such a huge bright quasar so close to the dawn of time. The quasar was found using telescopes located in China, Hawaii, Arizona, and Chile, and as Xue-Bing Wu, of Peking...
  • Analysis: Trump tax plan would cost $9.5 trillion ('unsustainable deficits')

    12/22/2015 4:29:36 PM PST · by Libloather · 64 replies
    The Hill ^ | 12/22/15 | Naomi Jagoda
    Donald Trump's tax plan would lower federal revenue by $9.5 trillion in its first decade and benefit the wealthy the most, an analysis released Tuesday found. The Republican presidential candidate's plan, released in September, calls for lowering the top individual tax rate to 25 percent from 39.6 percent and the corporate tax rate to 15 percent from 35 percent. The plan would cut the amount of money coming into the federal government. Most of the revenue loss would come from the tax cuts for individuals, but $3.5 trillion of the loss would come from business income tax cuts, the Urban-Brookings...
  • China's Record Dumping Of US Treasuries Leaves Goldman Speechless(90 days $520 billion U.S. T-Bonds)

    07/23/2015 5:20:22 AM PDT · by Enlightened1 · 39 replies
    Zero Hedge ^ | 07/22/15 | Tyler Durden
    On Friday, alongside China's announcement that it had bought over 600 tons of gold in "one month", the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion. We explained all of his on Friday in "China Dumps Record $143 Billion In US Treasurys In Three Months Via Belgium", and frankly we have been surprised that this extremely important topic has not gotten broader attention. Then, to our relief, first JPM noticed. This is what Nikolaos Panigirtzoglou, author of Flows and Liquidity had to say on the topic of China's...
  • The Multi-Trillion Dollar Oil Market Swindle

    07/13/2015 12:55:54 PM PDT · by bananaman22 · 2 replies
    Oilprice.com ^ | 13-07-2015 | Len
    In the past, I documented the overstatements by both the IEA and EIA in 2014 & 2015 in terms of supply, inventory and understatements of demand. Others also noticed these distortions and, whether intentional or not, they exist and they are very large in dollar terms. These distortions, which are affecting price through media hype and/or direct/indirect price manipulation, are quite possibly the largest in financial history. Putting numbers behind it, with worldwide production running some 95 million barrels per day, and assuming $55 per barrel for oil, the market for crude oil is about $5.2 billion per day. Each...
  • The trillion-frame-per-second camera

    05/01/2015 9:40:59 AM PDT · by LibWhacker · 28 replies
    Phys.org ^ | 4/29/15
    When a crystal lattice is excited by a laser pulse, waves of jostling atoms can travel through the material at close to one sixth the speed of light, or approximately 28,000 miles/second. Scientists now have a new tool to take movies of such superfast movement in a single shot. Researchers from Japan have developed a new high-speed camera that can record events at a rate of more than 1-trillion-frames-per-second. That speed is more than one thousand times faster than conventional high-speed cameras. Called STAMP, for Sequentially Timed All-optical Mapping Photography, the new camera technology "holds great promise for studying a...
  • Sen. Flake Cosponsors Legislation to Eliminate Corn Ethanol Mandate

    03/18/2015 3:39:38 PM PDT · by ObamahatesPACoal · 42 replies
    Senator Flake ^ | Dec 12 2013
    United States Sen. Jeff Flake (R-AZ), today joined Sens. Tom Coburn (R-OK), Dianne Feinstein (D-CA) and seven other cosponsors to introduce The Corn Ethanol Mandate Elimination Act of 2013. The bill eliminates the corn ethanol mandate within the Renewable Fuel Standard (RFS), which requires a yearly increase in the amount of renewable fuel that must be blended into the total volume of gasoline refined and consumed in the United States. The RFS, which was first enacted in 2005 and then expanded in 2007, requires refiners and blenders to use 16.55 billion gallons of renewable fuel in 2013. "In 2005, Congress...
  • The War on Poverty After 50 Years (has cost tax payers to date $22 Trillion)

    09/16/2014 5:25:39 PM PDT · by Chgogal · 46 replies
    The Heritage Foundation ^ | September 15 ,2014 | Robert Rector and Rachel Sheffield
    This week, the U.S. Census Bureau is scheduled to release its annual poverty report. The report will be notable because this year marks the 50th anniversary of the launch of President Lyndon Johnson’s War on Poverty. In his January 1964 State of the Union address, Johnson proclaimed, “This administration today, here and now, declares unconditional war on poverty in America.”[1] Since that time, U.S. taxpayers have spent over $22 trillion on anti-poverty programs (in constant 2012 dollars). Adjusted for inflation, this spending (which does not include Social Security or Medicare) is three times the cost of all military wars in...
  • HHS set to blow $1 TRILLION in 2015 as health-care costs grow by leaps and bounds

    03/19/2014 2:47:55 PM PDT · by PapaNew · 17 replies
    The Daily Caller ^ | 3/12/2014 | Katie McHugh
    The Department of Health and Human Services is expected to spend over one trillion dollars in 2015 — but HHS Secretary Kathleen Sebelius has never once testified before the Senate’s Budget Committee on either Obamacare’s costs or the president’s budget at large. “The Department of Health and Human Services is projected to spend over $1 trillion in FY2015 under the president’s budget, and health care costs — which today comprise nearly 30 percent of all federal spending — are growing more rapidly than other areas of the budget, especially over the long-term. It would be good for members of the...
  • U.S. debt jumps a record $328 billion — tops $17 trillion for first time

    10/18/2013 3:31:58 PM PDT · by servo1969 · 7 replies
    The Washington Times ^ | 10-18-2013 | Stephen Dinan
    <p>U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.</p> <p>The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.</p>
  • Iraq war cost: $6 trillion. What else could have been done?

    03/19/2013 6:39:57 AM PDT · by algernon_garnock · 41 replies
    The Los Angeles Times ^ | March 18, 2013 | David Lazarus
    In case you were wondering, the price tag for the war in Iraq could eventually top $6 trillion. Tuesday marks the 10th anniversary of the U.S. invasion, occupation and slugfest of Iraq, which, lest we forget, was begun in the name of protecting us from weapons of mass destruction that never existed. A study by Brown University's Watson Institute for International Studies finds that the war has cost $1.7 trillion so far, with an additional $490 billion in benefits owed to war veterans. Those costs could grow to more than $6 trillion over the next 40 years, the report concluded.
  • Gates & Buffett Are Considered The Richest Because People Don't Recognize World's Only Trillionaire

    03/18/2013 10:42:29 AM PDT · by The Looking Spoon · 4 replies
    The Looking Spoon ^ | 3-18-13 | The Looking Spoon
  • Pelosi says deficit takes time to reduce (blames Hussein)

    02/10/2013 2:18:21 PM PST · by Libloather · 13 replies
    UPI ^ | 2/10/13
    WASHINGTON, Feb. 10 (UPI) -- The Democratic leader in the U.S. House said the nation's budget deficit stems from past emergencies and will take time to whittle down. Rep. Nancy Pelosi, D-Calif., said on "Fox News Sunday" the freewheeling spending by Washington in recent years addressed the economic stimulus of the Obama administration coupled with big-ticket items from the Bush years, including the Medicare drug benefit, tax cuts and the wars in Iraq and Afghanistan. "It isn't as much you had a spending problem as it was priorities, and that is what the budget is, setting priorities," said Pelosi.
  • Trillion-Dollar-Coin Fever [Steyn]

    01/19/2013 11:32:02 AM PST · by Servant of the Cross · 18 replies
    National Review ^ | 1/18/2013 | Mark Steyn
    Has America’s choo-choo jumped the tracks? I was out of the country for a few days and news from this great republic reached me only fitfully. I have learned to be wary of foreign reporting of U.S. events, since America can come off sounding faintly deranged. Much of what reached me didn’t sound entirely plausible: Did the entire U.S. media really fall for the imaginary dead girlfriend of a star football player? Did the president of the United States really announce 23 executive orders by reading out the policy views of carefully pre-screened grade-schoolers (“I want everybody to be happy...
  • Debt Star: Federal Debt Increased By 113% Since Q2 2008, But Real GDP Increased By Only 2.6%!

    01/12/2013 11:26:29 AM PST · by whitedog57 · 5 replies
    Confounded Interest ^ | 01/12/2013 | Anthony B. Sanders
    How bad is the USA’s debt problem (as we approach the dreaded debt ceiling debate)? Federal government debt held by the public surged starting in Q2 2008. But since Q2 2008, government debt held by the public surged 113%. But real GDP growth over 4+ years was a measly 2.6%. That’s not annual real GDP growth, but real GDP growth over 4+ years! Most people don’t talk about government debt held by the public. Instead, they focus on Total Public Debt, the one that stands at $16,432,692,129,510.84 While not as dramatic as Federal debt held by the public, it is...
  • Theater of the Absurd: Administration won't rule out minting $1 trillion platinum coin

    01/10/2013 7:23:38 AM PST · by SeekAndFind · 38 replies
    American Thinker ^ | 01/10/2013 | Rick Moran
    Much of the last 4 years has been a nightmare for conservatives. But there is a crazy, stupid, absurd idea being seriously discussed in Washington that makes previous nightmares from the White House pale in comparison. The idea is for the Treasury Department to mint a platinum coin and declare it to be worth $1 trillion. If Congress won't raise the debt ceiling, the coin would be deposited at the Federal Reserve and Obama could continue to spend money. Congress passed a bill allowing for the minting of platinum coins several years ago. But it was a bill designed to...
  • Democrats look for up to $1 trillion in new tax revenues this year

    01/07/2013 2:38:34 AM PST · by Libloather · 31 replies
    The Hill ^ | 1/07/13 | Alexander Bolton
    Democrats say they want to raise as much as $1 trillion in new revenues through tax reform later this year to balance Republican demands to slash mandatory spending. Democratic leaders have had little time to craft a new position for their party since passing a tax deal Tuesday that will raise $620 billion in revenue over the next ten years. The emerging consensus, however, is that the next installment of deficit reduction should reach $2 trillion and about half of it should come from higher taxes. This sets up tax reform as one of the biggest fights of the 113th...
  • Is Our Debt Burden Really $100 Trillion? (probably more - 'unfunded liabilities' are a KILLER)

    01/06/2013 1:26:02 PM PST · by Libloather · 26 replies
    The Atlantic ^ | 11/28/12 | Derek Thompson
    Wanna scare somebody about America's debt on the eve of the Fiscal Cliff? I mean, really scare somebody? Here's a trick. Don't talk about the debt. Talk about "unfunded liabilities." The U.S. national debt comes out to about $16 trillion today. That's something. But it's nothing compared to the extra $87 trillion in unfunded liabilities to Social Security, Medicare, and federal pensions. Here's how that works. If you add up all of the U.S. government's promises to pay retirement and health care benefits for the next 75 years and subtract the projected tax revenue dedicated to those programs over the...
  • Obama's debt problem (Hussein wants “balanced” approach?)

    01/03/2013 2:14:42 AM PST · by Libloather · 12 replies
    Politico ^ | 1/03/13 | REID J. EPSTEIN, GLENN THRUSH |
    President Barack Obama won’t be able to enjoy much of a victory lap from his win over congressional Republicans on the fiscal cliff fight. There are about 16.4 trillion reasons why. **SNIP** Former Clinton administration official Alice Rivlin, a member of Obama’s defunct deficit commission, says Obama “understands the [deficit-reduction] issue” but “he’s got to deal with his own left wing, which is not enthusiastic about doing it. The real problem … is that Social Security has become kind of [a] no-no” to liberals. In a video message to his 2012 campaign supporters released Wednesday, Obama offered few specifics on...