The national debt exceeded $21 trillion for the first time on Thursday, a little more than six months after it hit first $20 trillion on Sept. 8. The national debt was $21.031 trillion on Thursday. The government releases total debt figures each business day, but it lags by one day. Federal borrowing has been on […]
U.S. Accuses Russia of Cyber Attacks, Sanctions “Putin’s Chef”, Russian Troll Farm…
The US Treasury’s Office of Foreign Assets Control has posted a new and improved list of cyber-related sanctions targeting several Russian individuals and entities. Among those sanctioned are Yevgeniy Prigozhin, a Russian caterer known as “Putin’s Chef.” As Bloomberg reports, The U.S. issued financial sanctions against two major Russian intelligence agencies along with a St. […]
Stockman: $1.8 Trillion in New Treasury Debt Will Hit Bond Pits “Like a Tornado”…
Investors have been whiplashed so far this week and it’s only Wednesday morning. On Monday, the Dow rocketed ahead by 399 points. On Tuesday, it plunged by 299 points. What changed investor sentiment so dramatically in 24 hours? David Stockman, the former Director of the Office of Management and Budget under President Ronald Reagan who […]
Tough New Sanctions on North Korea…
In announcing new sanctions Friday against North Korea, President Trump made it clear that the communist nation will pay a big price for stockpiling nuclear weapons and long-range missiles that pose a threat to the U.S. and other countries. The president spoke to the Conservative Political Action Conference about the tough new sanctions designed to […]
Political Breakthrough Possible on the Korean Peninsula…
The Federal Government Can’t Account for $21 Trillion. Does Anybody Care?…
On September 10, 2001, then Secretary of the Department of Defense Donald Rumsfeld said that for the 1999 DOD budget, “According to some estimates, we cannot track $2.3 trillion in transactions.” The War On Waste The following day the US sustained the terrorist attacks that forever changed our world, and this startling revelation was largely […]
The 22 Agencies and Programs Trump’s Budget Eliminates…
U.S. Debt to Hit $30 Trillion in 2028 Under Trump Budget…
On Friday, with the US on the verge of another government shutdown and debt ceiling breach (with the agreement reached only after the midnight hour, literally) Moody’s warned Trump that he should prepare for a downgrade from the rating agency that refused to join S&P in downgrading the US back in August 2011. The reason: […]
IRS Overpaid Nearly $3.5B in Obamacare Tax Credits in 2017, Can’t Recoup Money…
The IRS overpaid nearly $3.5 billion in Obamacare tax credits last year that it cannot recoup because of constraints built into the program, frustrating Republicans who have failed to repeal the health care law but say that money could have been spent on programs for veterans or infrastructure. A Treasury watchdog said the government paid […]
Fannie Mae (FNMA) & Freddie Mac (FMCC) – Where Did The Money Go?…
After reading the news stories about Obama’s FISA memo, and intrusion into the American way of life, you would think things couldn’t get any worse. Now, information is coming out that President Barack Obama stole the entire profits of two privately owned, and publicly traded companies. The theft left the shareholders of Fannie Mae (FNMA) […]
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