marketcrash
bitcoincrash
pensions
nationaldebt
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risk
debtcollapse
government spending
09/22/2023
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By Belle Carter
Public NUMBS as government DEBT BOMB explodes to $33T, annual budget DEFICIT approaches $2T
The United States gross national debt just exceeded $33 trillion on Friday, September 15, three months after the federal government’s debt eclipsed $32 trillion in June. Additionally, the budget deficit is on track to reach $2 trillion in the current fiscal year. As per financial experts, Americans seemed to have become desensitized to these figures […]
09/21/2023
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By Olivia Cook
U.S. national debt hits $33 trillion mark, with $1 trillion incurred in just the last 3 months
The gross national debt of the U.S. surpassed $33 trillion on Sept. 18 – just three months after hitting the $32 trillion mark. The non-profit Committee for a Responsible Federal Budget (CRFB) said in a press release that on June 15, the federal government’s gross debt eclipsed $32 trillion. By comparison, the national debt was less than a […]
09/12/2023
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By Belle Carter
High interest rates contribute to the doubling of the federal deficit despite Biden’s claim of “strong economy”
The federal deficit has been forecasted to skyrocket to double last year’s $1 trillion to roughly $2 trillion for the fiscal year ending Sept. 30, despite President Joe Biden’s claim of robust and improving overall economic growth because of his government measures. The administration’s claim that the financial status is strengthening came when the deficit […]
09/05/2023
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By Arsenio Toledo
Massive government spending is keeping inflation high, warns market expert
The government is not getting its massive spending under control, and this could undermine the Federal Reserve’s ongoing fight against inflation. Market expert Larry McDonald warned that America’s fiscal situation will get worse without any change. “No one is calling them out,” he said. “Washington is stepping on the gas – colossal deficit spending – and […]
09/05/2023
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By Arsenio Toledo
Biden DEMANDING additional $16 BILLION for FEMA’s disaster relief fund after Hurricane Idalia, Maui fires
The administration of President Joe Biden is demanding an additional $16 billion in taxpayer funding from Congress to bolster the disaster response budget of the Federal Emergency Management Agency (FEMA) following the twin natural disasters brought about by the fires in Maui and Hurricane Idalia’s impact in Florida. The White House requested $4 billion from Congress on Friday, […]
08/11/2023
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By Arsenio Toledo
Chicago officials refuse to disclose how they spent $120M in taxpayer money on ILLEGAL IMMIGRANTS
Officials in Chicago are refusing to turn over records disclosing how they spent $120 million allegedly to care for illegal immigrants arriving in the city. Mainstream media outlet CBS 2 recently reported that the Chicago Office of Budget and Management (OBM) denied the news team’s Freedom of Information Act (FOIA) request for those spending records. The office is […]
08/03/2023
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By Arsenio Toledo
DEBT BLOWOUT: US debt has soared $1.2T since debt ceiling suspension – and the Treasury expects to add another $1.5T by year’s end
Since the suspension of the United States’ debt limit in early June, the government’s debt has spiked by almost $1.2 trillion to nearly $32.7 trillion. Worse yet, the Department of the Treasury expects another $1.5 trillion added to the national debt by the end of the year. According to data from the Treasury Department, the total […]
07/14/2023
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By Arsenio Toledo
ABSURD: British government sent $65.5M worth of foreign aid to China last year, the world’s second largest economy
The government of the United Kingdom gave nearly 50 million pounds ($65.5 million) worth of foreign aid to China last year. This is according to a new report by the Independent Commission for Aid Impact (ICAI), a watchdog group that found overseas aid sent to Beijing from 2021 to 2022 was around 48 million pounds ($63 […]
06/14/2023
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By Cassie B.
U.S. budget deficit climbs in May amid big government spending and falling revenue
Government income has dropped this year, pushing the federal deficit deeper into the red than expected. New data shows the budget deficit climbed in May against a backdrop of falling federal revenues and rising Medicare spending. The Monthly Treasury Statement showed a May shortfall of $240 billion, which is a full $66 billion over last […]
05/03/2023
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By Kevin Hughes
Scalise: Biden doesn’t have Plan B if he vetoes McCarthy’s debt bill
House Majority Leader Steve Scalise (R-LA) remarked that President Joe Biden does not have a Plan B if he vetoes the debt bill pushed by House Speaker Kevin McCarthy (R-CA). “The president doesn’t have a Plan B, [so] he would not veto this bill if it got to his desk,” Scalise told Fox Business host […]
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