Month: October 2010

Its official: The Obama administration has now borrowed $3 trillion, according to the U.S. Treasury Department.

It took from 1776, when the United States became an independent country, until 1990, the year after the Berlin Wall fell signaling victory in the Cold War, for the federal government to accumulate a total of $3 trillion in debt, according to the Treasury Department. It only took from Jan. 20, 2009, the day President Barack Obama was inaugurated, until Oct. 15, 2010, for the Obama administration to add $3 trillion to the federal debt.

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via It’s Official: Obama Has Now Borrowed $3 Trillion | CNSnews.com.

Democrats Pin Midterm Hopes on a Bruised Obama – WSJ.com.

Liberty and the Power of Ideas – Centre for Individual and Economic Liberty.

Citing health care law, Boeing pares employee plan – Yahoo! News.

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Being the center of government, Washington is used to being insulated from national economic trends. But the disconnect became particularly pronounced during the Great Recession — thanks to the federal government’s own expansionary response.

A $700 billion bank bailout and $814 billion economic stimulus bill helped push the federal deficit to unprecedented levels of more than $1.3 trillion in the past two years, and a disproportionate share of that tidal wave of money washed up right back in Washington.

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via In throes of recession, D.C. stands apart – Washington Times.

Dems find careers threatened by Obamacare votes | Washington Examiner.

The rotting fruit of Obamacare begins to show – National Christianity & Politics | Examiner.com.

World’s Richest Man: ‘Charity Doesn’t Solve Anything’ – The Wealth Report – WSJ.

Iranian chocolate thief ‘to have hand chopped off’.