Daily Archives: August 3, 2011

Ron Paul Sounds Alarm on “Disturbing” Super Congress

Source: http://www.infowars.com Congressman Ron Paul warns that the all-powerful new “Super Congress” created by the vote on the debt ceiling will be used to fast-track tax increases while concentrating more power over the nation’s purse strings in the hands of the Washington elite. As we reported yesterday, the “Super Congress,” which was approved by the […]

China Joins Russia in Blasting U.S. Borrowing

Source: http://www.bloomberg.com China, the largest foreign investor in U.S. government securities, joined Russia in criticizing American policy makers for failing to ensure borrowing is reined in after a stopgap deal to raise the nation’s debt limit. People’s Bank of China Governor Zhou Xiaochuan said China’s central bank will monitor U.S. efforts to tackle its debt, […]

The 4 Scariest Economic Graphs I’ve Seen This Year

Source: http://m.theatlantic.com This is a remarkable sequence of pictures from Calculated Risk showing that no major economic indicator has returned to its pre-crisis level. In other words, after two years of recovery, not a single key broad measure of the economy has actually recovered. The ingenious thing about these graphs, which I’ve never before seen, […]

Drunken Ben Bernanke Tells Everyone At Neighborhood Bar How Screwed U.S. Economy Really Is 1

Gotta love the Onion from time to time for a sanity break! Source: http://mobile.theonion.com The intoxicated Federal Reserve chairman informs bar patrons of the dangers of reckless spending. SEWARD, NE—Claiming he wasn’t afraid to let everyone in attendance know about “the real mess we’re in,” Federal Reserve chairman Ben Bernanke reportedly got drunk Tuesday and […]

Swede arrested for building nuclear reactor in his kitchen

A Swedish man was arrested last month after authorities discovered that his effort to build a nuclear reactor in his kitchen had ended with a small meltdown. Richard Handl told The Associated Press Wednesday that he had obtained radium, americium and uranium, but the attempt split atoms had only been a hobby. Most of the […]

Poll: Debt deal will make economy worse

Source: http://www.politico.com y more than a two-to-one margin, Americans say the agreement to raise the debt ceiling will make the economy worse, a new poll Wednesday shows. In a USA Today/Gallup survey conducted Tuesday and released Wednesday afternoon, 41 percent of those surveyed say they think the bill — signed into law by President Barack […]

Judge allows American to sue Rumsfeld over torture

Source: http://hosted.ap.org A federal judge has ruled that former Defense Secretary Donald H. Rumsfeld can be sued personally for damages by a former U.S. military contractor who says he was tortured during a nine-month imprisonment in Iraq. The lawsuit lays out a dramatic tale of the disappearance of the then-civilian contractor, an Army veteran in […]

31 Foregone Facts Barack Obama Fans Should Ponder!

Source: http://catchkevin.com 1. If a previous president would have increased the deficit by double the amount of his predecessor’s eight year tenure in only his first 30 months, would you have considered him an oniomaniac? 2. If a previous president had then proposed to double the current debt within 10 years, would you have approved? […]