0 votes

U.S. Had $1.3 Trillion Deficit in Fiscal 2011


WASHINGTON—The federal government recorded a $1.3 trillion budget deficit in fiscal 2011, the same as the previous fiscal year, the Congressional Budget Office said Friday.

In its monthly assessment of the government's finances, the nonpartisan congressional scorekeeper said the $1.3 trillion deficit was equivalent to 8.6% of gross domestic product, down from 8.9% in fiscal 2010 but still the third-highest percentage of GDP recorded since 1945.

1 vote

Best rant I've heard in a long time

-11 votes

Mobilize a 5 mln-Strong Ron Paul Army with Student Debt "Amnesty"!

UPDATE: I added quotation marks to the word AMNESTY becaue too many posters wrongly equate it with debt forgiveness. What does one call a temporary stay on repayment, though? Not "Moratorium". That means a block on student loan issuance. Amnesty seemed to be the proper word for the temporary stay on repayment. Any ideas on a more proper term is welcome for future discussion.

0 votes

Ron's Education Policy! Potentially Earth Shattering!

My proposal is this:

Ron Paul, author a bill that would allow students to liquidate their debt and file for bankruptcy in the same manner a business or individual would. This would lead to fewer "easy" loans being passed out like candy, would encourage kids to go to more affordable schools, and would force schools to compete and lower tuition.

0 votes

Weekend Viewing:"Debtocracy" 1hr15min (Subtitles)

For the first time in Greece a documentary produced by the audience. "Debtocracy" seeks the causes of the debt crisis and proposes solutions, hidden by the government and the dominant media. (Subtitles)

1 vote

26 Trillion Dollars

Hi I am new here, but I needed to put this out for Mr. Paul.:

0 votes

Ten Trillion & Counting - PBS Frontline

"All of the federal government's efforts to stem the tide of the financial meltdown have added hundreds of billions of dollars to an already staggering national debt, a sum that is expected to double over the next 10 years to more than $23 trillion."

"In Ten Trillion and Counting, FRONTLINE traces the politics behind this mounting debt and investigates what some say is a looming crisis that makes the current financial situation pale in comparison."

5 votes

Ron Paul on Freedom Watch Pt 1/2 9/26/2011

A must watch interview im working on uploading part 2 right now just be patient and up vote this and please comment

UPDATE: pt 2

1 vote

Sure, Pile on more debt.

You guys have to check this out. I can't believe it.

0 votes

The American Debt Crisis – How Big? How Bad? How to Protect Yourself

Doug Casey of Casey Research

Watch the short introductory video and register with email to watch presentation.

The dismal state of the US economy and out-of-control government spending affects every American’s life and wealth. In our free online event, The American Debt Crisis – How Big? How Bad? How to Protect Yourself, five Casey Research experts were joined by guests John Mauldin, Mike Maloney and Lew Rockwell to discuss the potential for a breakdown in the monetary system, and specific ways to protect and build your assets.

9 votes

Extremely funny, libertarian rendition of 'Poker Face' at LPAC

This spunky young woman busted out a funny, liberty-minded rendition of 'Poker Face' mixed with Cher's 'Believe' at LPAC. Celeste Paradise hails from San Francisco. She has several songs posted on her YouTube page.

0 votes

The American Debt Crisis - YouTube Clip

The live discussion is over, but here is the clip on youtube if anyone is interested:

Doug Casey
Michael Maloney
Lew Rockwell
John Mauldin
David Galland
Oliver Garet
Bud Conrad
Terry Coxon

2 votes

Pentagon Study Proposes Sacrificing Military Pension Compensation (but not foreign empire spending)

Fund Veterans Obligations or Foreign Empire? The Pentagon chooses squashing out veterans.

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