Is America Entering Another Depression? — 2 Comments

  1. Another 467,000 jobs were lost in June '09, so apparently the 'short term' fix of a $787 billion stimulus didn't do the trick. The mainstream media reports that unemployment now stands at 9.5% and there are no signs of it improving anytime soon. In truth, unemployment and underemployment is closer to 18%. Why doesn't the media report the truth?

  2. "Official" National Debt Hits $11 trillion

    The Federal Government's flood of red ink hit another high-water mark as the Treasury Department quietly reported that the National Debt hit $11-trillion for the first time ever.

    To be exact, the Debt now stands at $11,033,157,578,669.78. Divide it by the U.S. population and it comes up to over $36,000 in debt for every man, woman and child among us….

    The National Debt stood at $10.6-trillon on the day Barack Obama took office. But if his budget projections are accurate, he'll run up nearly as much government debt in four years as President Bush did in eight.