Archives for February 2013

Ron Paul: ‘Bernanke presented more failed policies that will only worsen our economic crisis’

Federal Reserve Chairman Ben Bernanke didn’t have to deal with Texas Republican Congressman Ron Paul in his testimony delivered to the Congress.  That still didn’t stop the three-time presidential candidate from critiquing Bernanke’s remarks about … [Read more...]

Democrats in Congress complain about national debt clock on Capitol Hill

It seems California Democratic Congresswoman Maxine Waters and Illinois Democratic Congressman Keith Ellison would like to completely forget about the enormous $16.5 trillion national debt. During a House Financial Services Committee hearing … [Read more...]

President Obama’s budget, Obamacare create trillions of dollars more in deficits

During a Budget Committee hearing Tuesday, Alabama Republican Senator Jeff Sessions revealed a new report from the Government Accountability Office (GAO) that showed President Barack Obama’s Affordable Care Act (Obamacare) will add $6.2 trillion to … [Read more...]

Ben Bernanke proves why the Federal Reserve should be abolished

Federal Reserve Chairman Ben Bernanke delivered testimony to the Congress on Tuesday. It was an interesting speech because it just proved how incompetent he is and how the entire central banking system is flawed and a total failure. In his remarks, … [Read more...]

Former Fed Economist Arnold Kling comments on interest, Ben Bernanke to deliver testimony

Arnold Kling, a former economist at the Federal Reserve from 1980 to 1986, published a blog post over the weekend that looked at economist Tyler Cowen’s remarks on the Fed and inflation levels. Here are Cowen’s initial comments: “Everything we … [Read more...]

25% of Americans have more credit card debt than personal savings in financial collapse

Close to one in four Americans have more credit card debt than personal emergency savings, according to a new survey released Monday by BankRate.com. The poll found that debt is certainly taking a toll not only on the federal government but on … [Read more...]

Rand Paul returns $600,000 of unspent money to the U.S. Treasury

Kentucky Republican Senator Rand Paul announced in a press release last week that he will be writing a $600,000 check to the United States Treasury Department as part of his operating budget that was not spent. According to the figures, the … [Read more...]

6 economic policies the government must not pursue for a recovery to happen

Since the collapse of the United States economy in 2007 and 2008, the federal and state governments and the Federal Reserve have taken serious actions in order to stave off the inevitable crisis and to grow the economy. Well, the economy has not … [Read more...]

Federal Reserve to continue inflating despite concern of future soaring prices

According to a report from the Washington Post, experts in the financial markets are concerned that the Federal Reserve could cut off its massive stimulus programs. The concerns have become rampant after minutes posted from a recent Fed meeting … [Read more...]

Federal union workers on ‘official time’ cost taxpayers $155 million in 2011

The Office of Personnel Management (OPM) issued a new report that found union workers cost the federal government more than $155 million in 2011. This is a 12 percent increase from 2010 and the highest in any year since the OPM started to collect the … [Read more...]