Obama’s Austerity Agenda And Sequestration

March 22, 2013 MEDIA ROOTS — “Both parties have conspired to bring us disaster,” says Professor William K. Black, a leading white collar criminologist, who also teaches economics and law at the University of Missouri-Kansas City. “This has strangled the recovery and may even put the economy back into recession.”  Professor Black gives a crucial […]

U.S. will hit debt ceiling on Monday, Treasury Secretary Geithner warns

Treasury Secretary Timothy F. Geithner said his department will take “extraordinary measures” to postpone a U.S. default for about two months while President Barack Obama and Congress work out a deficit-reduction deal. Geithner, in a letter to congressional leaders today, said the government will hit its statutory debt ceiling on Dec. 31. To avert a […]

Chambliss’ Gang grows to 38, urges $4 trillion debt deal

ShareThis Chambliss’ Gang grows to 38, urges $ 4 trillion debt deal 15 Sep 2011 Saxby Chambliss’s Gang of Six has grown to 38 U.S. senators from both parties [corpora-terrorist trolls], who on Thursday urged the debt reduction “supercommittee” to aim high and secure $ 4 trillion in budget savings [by ending Social Security, Medicare, […]

Debt Ceiling

by Caden Gianni The debt ceiling is not the problem, it is the debt itself. Government succeeded in raising the ceiling, yet failed in decelerating default. Promised cuts in spending do not outweigh the increase in the debt limit. These reductions are spread out and enforcement of them will fizzle. A “Bi-partisan” budget committee is […]

The Return Of The Gold Standard In The New World Order

You knew it was coming, right? Ambrose Evans-Pritchard reports for the Telegraphthat gold has reclaimed its ancient status as the anchor of stability. The spot price surged to an all-time high of $1,594 an ounce in London, lifting silver to $39 in its train: On one side of the Atlantic, the eurozone debt crisis has […]