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Posts Tagged ‘Bailouts’

‘Tis the Season – For Spending!

Friday, December 18th, 2009

Lots of last minute surprises from the jerks in D.C.: Obama signed a $1.1 trillion spending bill The House approved a $155 billion jobs bill: I guess the stimulus package wasn't enough to create jobs, so spend yourself further into debt, it's the American way! The House raised the debt ceiling by $290 billion to finance six more weeks of spending: A $12.1 trillion debt limit, really, how quaint! And $290 billion over six weeks? C'mon Big Daddy-O, that's not an allowance, it's a pittance! Well, that's $1.1 trillion spent, with another $445 billion, in just one day. Does anyone even notice anymore? Pelosi hasn't ...

Fed Reserve Is ALREADY Politicized

Wednesday, September 30th, 2009

On Friday, Sept 26, the House Financial Services Committee held a full committee hearing on H.R. 1207. If you're not familiar with this bill, it's been introduced in every session of Congress by Ron Paul for over twenty years to audit the Federal Reserve. Before last year, it was largely ignored by the rest of Congress - times were good, so why worry about the Fed? The economic meltdown and the Fed's actions since March of 2008 has changed that perception, even if only momentarily. Why the current interest? Because the Federal Reserve - a privately owned corporation who's major ...