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Trump Seeks Historic $3.6 Trillion In Spending Cuts, Including Selling Half The US Strategic Oil Reserve

Trump Seeks Historic $3.6 Trillion In Spending Cuts, Including Selling Half The US Strategic Oil Reserve
More details of President Donald Trump's first budget proposal were reported Monday by Bloomberg and Reuters. The leaks add to the picture of what we know about Trump’s budget, which also includes a flurry of leaks published by The Washington Post, the Associated Press and Bloomberg late Sunday, which fleshed out Trump’s plans to slash entitlement spending. In total, the... Read More

Michael Hudson: Trump Is Obama’s Legacy – Is This The End Of The Democratic Party?

Michael Hudson: Trump Is Obama’s Legacy – Is This The End Of The Democratic Party?
Authored by Michael Hudson via NakedCapitalism.com, Nobody yet can tell whether Donald Trump is an agent of change with a specific policy in mind, or merely a catalyst heralding an as yet undetermined turning point. His first month in the White House saw him melting into the Republican mélange of corporate lobbyists. Having promised to create jobs, his “America First”... Read More

Repeal, Replace, Repair, Rename? Here Is The Latest On Obamacare, And Why It’s Bad For Stocks

Repeal, Replace, Repair, Rename? Here Is The Latest On Obamacare, And Why It’s Bad For Stocks
During his campaign, Trump vowed to America's middle class that he would get rid of (since then the phrase has been amended to "repeal and replace" for various reasons) Obamacare as soon as he got into office. Well, Trump is out of his 30 day honeymoon, and the confusion and chaos over the future of Obamacare has never been greater,... Read More

US Ends 2016 With $19.98 Trillion In Federal Debt; Up $1,054,647,941,626.91

US Ends 2016 With $19.98 Trillion In Federal Debt; Up $1,054,647,941,626.91
On the last day of calendar 2016, total US public debt jumped by $98 billion, mostly as a result of end of quarter Social Security debt allocation, which accounted for $70.4 billion of the daily increase. As a result, total US government debt on December 30, 2016 was $19,976,826,951,047.80. This compares to $18,922,179,009,420.89 on the last day of 2015 and... Read More

Former Lifelong Democrat Admits “Obama Is A Failed President”

Former Lifelong Democrat Admits “Obama Is A Failed President”
Authored by Eric Zuesse via Strategic-Culture.org, I’m a former lifelong Democrat, stating here a clear and incontestable fact: Barack Obama is a failed President. It’s true not just because of the sad realities such as that «Top Ex-White House Economist Admits 94 % Of All New Jobs Under Obama Were Part-Time» — or, as the economists Alan Krueger and Lawrence Katz wrote in... Read More

While Media Obsesses Over Pussy-Gate, US Debt Soars To $18.7 Trillion

While Media Obsesses Over Pussy-Gate, US Debt Soars To $18.7 Trillion
Submitted by Simon Black via SovereignMan.com, One of the things that caught my attention this morning was that the US government’s debt level has soared to just a hair under $19.7 trillion. To give it some context, that’s up over $170 billion in just eight business days. It’s almost as if Barack Obama is intentionally and desperately trying to breach... Read More