Whenever members of Congress retire, there tends to be an atmosphere of goodwill towards them as if the damage they’ve done to the economy and the country has come to an end. That may actually be the case when it comes to the vast majority of the politicians who leave office, but the actions of [...]
Two days from now, Rick Perry, the current governor of Texas, plans on holding a rally in South Carolina and announcing his candidacy for the 2012 Republican nomination for the Presidency. It is no coincidence that Perry will announce his intentions to seek the nomination on the day of the Ames, Iowa Straw Poll. Political [...]
Posted in Economics, News 
Tags: 2012 Presidential Race, Barack Obama, deficit, Rick Perry, Texas 
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Moody’s and the S&P have, in recent days, injected an unnecessary dose of fear into the debt ceiling debate by threatening to lower the US’s bond rating down from its AAA rating. Just as before the trillion dollar bailouts in 2008 and the invasion of Iraq in 2003, the US media worked to raise anxiety [...]
Posted in Economics, News Tags: AAA, credit rating, debt ceiling, Moody's, S&P, subprime crisis No Comments »
The first ever GAO(Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in [...]
Posted in Economics, Federal Reserve, News Tags: bailout, DeMint, Federal reserve, printing, Ron Paul, Sanders, trillions No Comments »
