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Archive for the ‘Government Spending’ Category

Warning Signs of an Economic Collapse

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Obama has previouly stated the he has pulled the economy back from the brink. this is far from truth and quite the opposite. Instead Obama’s economic policies are instead pushing us off the economic cliff.

There have been an unprecedented number of warning signs for a coming economic collapse and I urge everyone to prepare. Here are some of them.

via Warning Signs of an Economic Collapse – – Conservative Daily News.

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August 20, 2010 at 4:53 pm

Fed decision: policy statement warns economy losing steam

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I know this is not breaking news…however as least the Fed, now admits it.

Maybe they need to take a ‘drug test’ too.

“The pace of recovery in output and employment has slowed in recent months,” the Fed said in its statement. It said while it still expects the economy to grow, the improvement will be “more modest in the near term than had been anticipated.”

via Fed decision: policy statement warns economy losing steam – Aug. 10, 2010.

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August 10, 2010 at 6:11 pm

US National Park Faces Sale

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Some might call it blackmail. The governor of Wyoming calls it desperation.

Governor Dave Freudenthal is threatening to sell off a chunk of one of America’s most beautiful national parks unless the Obama administration comes up with more money to pay for education in the financially beleaguered state.

via US national park faces sale | World news | The Guardian.

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August 7, 2010 at 1:46 pm

First Lady’s Trip to Spain Draws Criticism

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A quiet holiday in a lavish Mediterranean retreat for the first lady and her daughter has turned into a bit of a headache for a White House trying to battle bad economic news at home.

Michelle Obama took her younger daughter, Sasha, to southern Spain this week for a mother-daughter getaway. But when you are married to the president, it has a way of becoming a mother-daughter-Secret-Service getaway that invariably sweeps into town, takes over much of a pricey hotel and leaves the taxpayers with a hefty bill.

via First Lady’s Trip to Spain Draws Criticism.

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August 7, 2010 at 1:30 pm

Audit: US cannot account for $8.7B in Iraqi funds

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A U.S. audit has found that the Pentagon cannot account for over 95 percent of $9.1 billion in Iraq reconstruction money, spotlighting Iraqi complaints that there is little to show for the massive funds pumped into their cash-strapped, war-ravaged nation.

The $8.7 billion in question was Iraqi money managed by the Pentagon, not part of the $53 billion that Congress has allocated for rebuilding. It’s cash that Iraq, which relies on volatile oil revenues to fuel its spending, can ill afford to lose.

via Audit: US cannot account for $8.7B in Iraqi funds – Yahoo! News.

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July 27, 2010 at 8:58 pm