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Freedomoutpost Former Alaska Governor Sarah Palin took to Facebook on Tuesday and put her two cents worth in on why she believes the Federal government is acquiring so much ammunition. Her remarks, seemingly to clarify her earlier tweet, about the current economic situation in the United States and the massive debt we have hanging over us concluded by stating, “We’re going..

Democrats in Congress complain about national debt clock on Capitol HillFebruary 28, 2013 By Andrew Moran Leave a CommentIt seems California Democratic Congresswoman Maxine Waters and Illinois Democratic Congressman Keith Ellison would like to completely forget about the enormous $16.5 trillion national debt. During a House Financial Services Committee hearing Tuesday on the b..

Ron Paul: ‘Bernanke presented more failed policies that will only worsen our economic crisis’February 28, 2013 By Andrew Moran 1 CommentFederal Reserve Chairman Ben Bernanke didn’t have to deal with Texas Republican Congressman Ron Paul in his testimony delivered to theCongress. That still didn’t stop the three-time presidential candidate from critiquing Bernanke’s r..

Michael Snyder Is “discretionary income” rapidly becoming a thing of the past for most American families? Right now, there are a lot of signs that we are on the verge of a nightmarish consumer spending drought. Incomes are down, taxes are up, many large retail chains are deeply struggling because of the lack of customers, and at this point nearly a quarter of all Americans..

Eric Blair AP Did you pay sales tax on the last item you bought on the Internet? Unless it was from Amazon, you probably did not. You may soon though if a gaggle of U.S. lawmakers working hand-in-hand with big business get their way.And if you’re an online retailer, you may have to collect and remit sales taxes for all fifty states no matter where your online business reside..

President Obama’s budget, Obamacare create trillions of dollars more in deficitsFebruary 27, 2013 By Andrew Moran Leave a CommentDuring a Budget Committee hearing Tuesday, Alabama Republican Senator Jeff Sessions revealed a new report from the Government Accountability Office (GAO) that showed President Barack Obama’s Affordable Care Act (Obamacare) will add $6.2 trillion ..

Former Fed Economist Arnold Kling comments on interest, Ben Bernanke to deliver testimonyFebruary 26, 2013 By Andrew Moran Leave a CommentArnold Kling, a former economist at the Federal Reserve from 1980 to 1986, published a blog post over the weekend that looked at economist Tyler Cowen’s remarks on the Fed and inflation levels. Here are Cowen’s initial comments: “Every..

Italian voters reject the European Union’s austerity measuresBy Peter Schwarz 27 February 2013Italian voters have unambiguously rejected the politics of the Monti government and the European Union. This has triggered panic and outrage in Europe's capitals and unleashed ferocious tremors on the international finance markets. Some 55 percent of the electorate voted for parties..

Obama combines sequester cuts with demagogyBy Andre Damon 27 February 2013As the deadline approaches for triggering $85 billion in across-the-board budget cuts, the indications are that the White House and congressional Republicans intend to allow the so-called “sequester” to take effect. The crisis over the program of cuts, set to begin on March 1 unless an alternative pl..

Bernanke’s legacy: Fed set to lose $500 billionPublished time: February 27, 2013 22:53Ben Bernanke (Mark Wilson / Getty Images / AFP)Tags Banking, Economy, Government Spending, USAEconomists predict that the US Federal Reserve could lose half a trillion dollars in just three years thanks to policies enacted by the central bank under Chairman Ben Bernanke. A study conducted b..