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endoftheamericandream.com / By Michael Snyder / March 24th, 2013
Is there anyone better at wasting money then the U.S. government? Despite the sequester and all of the talk about “deep cutbacks”, the federal government continues to waste money in some of the most outrageous ways imaginable. For example, does the U.S. government really [...]
dailyreckoning.com.au / By Nick Hubble / March 12th, 2013
The Daily Reckoning team is back in the office after spending Labour Day doing something other than labour.
The markets went quiet again last week after the sudden jump in volatility surprised everyone in the weeks before. For a while, the Euro crisis featured in [...]
endoftheamericandream.com / By Michael Snyder / March 10th, 2013
Why does it seem like Barack Obama has been doing everything that he can to sabotage our border security and promote more illegal immigration? The number one responsibility of the president of the United States is to defend our nation, and yet Obama stubbornly refuses [...]
zerohedge.com / By Tyler Durden / 03/05/2013 20:44
In the face of Janet Napolitano’s terrifying claims that major airports were already seeing lines “150 to 200 percent as long as we would normally expect” as a result of the budget-crushing sequestration cuts that went into force on Friday, The Telegraph reports that, [...]
dailyreckoning.com.au / By Bill Bonner / March 5th, 2013
The sequester has struck. The politicians came upon the can they had kicked down the road in 2011. Rather than kick it again, Congress decided to ignore it.
And nobody really gave a damn. The Dow rose 35 points on Friday, the first day of [...]
dailyreckoning.com.au / By Eric J. Fry / March 5th, 2013
Let’s play a little game of ‘True/Not true’. We ask the question and you answer, ‘True’ or, ‘Not true.’
1) Two police officers in Colorado lost their jobs and face felony charges for shooting an elk. 2) Two police in Washington State lost their jobs [...]
cnsnews.com / By Terence P. Jeffrey / March 4, 2013
During the month of February–as President Barack Obama was warning Americans they would see dramatic effects in their lives if “sequestration” of some planned federal spending kicked in–the federal government’s debt climbed by $253.5 billion.
That one-month increase in the debt was nearly six times [...]
Let’s play a little game of “True/Not true.” We ask the question and you answer, “True” or, “Not true.”
1) Two police officers in Colorado lost their jobs and face felony charges for shooting an elk. 2) Two police in Washington State lost their jobs and face felony [...]
testosteronepit.com / By Wolf Richter / March 3, 2013, 1:45PM
Now that the “sequester” is in effect, horrid budget cuts will befall the US economy and tear it to smithereens. It would be the end of the world as we know it. 750,000 people would suddenly lose their jobs, planes would stop [...]
jessescrossroadscafe.blogspot.com / By Jesse / March 1, 2013
CFTC Chairman Gensler noted on financial television that the sequester will make the enforcement efforts of his agency in policing the markets harder, and it will be more difficult to ‘stop the bad guys on Wall Street.’
zerohedge.com / by Tyler Durden / 03/01/2013 15:37 -0500
Today is the day when, if one listens to Obama whose idea it was in the first place, an unprecedented $85 billion spending cuts will be sequestered, unleashing famine, pestilence, the apocalypse and grizzly bears (as all park rangers will be dead from [...]
wealthwire.com / by Brianna Panzica / Friday, March 1st, 2013
It’s sequester day.
That means at midnight tonight, $85 billion in budget cuts will go into effect. It’s the kind of daunting scenario we all hoped to avoid with the fiscal cliff. But at least tax hikes aren’t figured in.
truthingold.blogspot.com / By Dave In Denver / February 28, 2013
In 2012, the total interest expense on the U.S. Government Treasury debt was $360 billion. For the first 4 months of fiscal year 2013, it’s $151 billion. The Government spent a total of $3.5 trillion in FY 2012. Interest expense on Treasury debt was [...]
globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / Thursday, February 28, 2013 5:59 PM
President Obama is playing the media like a fiddle (more accurately like the fools they are). Countless mainstream media articles talk about the devastation that is sure to follow if the sequester cuts take place. Obama has even hyped this us [...]
lewrockwell.com / By Andrew P. Napolitano / February 28, 2013
In an effort to remove the hot-potato issue of excessive government spending from the 2012 presidential campaign, and calling the bluff of congressional Republicans who always seem to favor domestic spending cuts but increased military spending, President Obama suggested the concept of [...]
The bet on the short of gold side is that the Sequester takes place. I have felt that the gold market’s longest period of reaction possible would end on my birthday, March 27th. That puts it directly in place of this [...]
jsmineset.com / By Jim Sinclair / February 27, 2013, at 8:13 pm
Dear CIGAs,
You wants dates? Ok.
The bet on the short of gold side is that the Sequester takes place. I have felt that the gold market’s longest period of reaction possible would end on my birthday, March 27th. That puts it [...]
theeconomiccollapseblog.com / By Michael / February 27th, 2013
If we can’t even cut federal spending by 2.4 percent without much of the country throwing an absolute hissy fit, then what hope does America have? All of this whining and crying about the sequester is absolutely disgraceful. The truth is that even if the sequester [...]
$275 billion worth of economic drag is already in the pipeline for 2013 without even Obamaquester
President Obama has been so busy proactively blaming Republicans for the allegedly dire consequences of the March 1 sequester that he has failed to notice something far more damaging to the American economy. The [...]
zerohedge.com / By Tyler Durden / February 25, 2013, 15:20
Behold the sheer austerity-inducing horror and pure, mortal terror of the, dum dum dum, SEKWESTER!!! Do not pass go and proceed straight to Armageddon.
zerohedge.com / By Tyler Durden / 02/22/2013 08:25
The sequester was supposed to be such a bad outcome that it would force a compromise. The across-the-board cuts were so rigid and hurt so many favored programs, BofAML notes, the “Super Committee” was almost certain to come up with a more flexible alternative. And yet, [...]
"Why do you collect pieces of paper with drawings of old dead men on them? And why do you give those pieces of paper to gangsters that charge you to protect said paper?" - Mad Mohel
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