Home » Financial Crisis


US Census Bureau Confirms Rising Poverty, Falling Incomes, and Growing Numbers of Uninsured

Post Pic
In early September, The US Census Bureau released its new report titled, “Income, Poverty, and Health Insurance Coverage in the United States: 2008” showing disturbing data that portends much worse ahead under a president and Congress doing nothing to address it. In 2008, poverty reached 13.2% of the population, its highest level in 11 years, the result of millions losing jobs during... 

America is in debt with $9 Trillions over the next 10 years

Post Pic
WASHINGTON – In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion — more than the sum of all previous deficits since America’s founding. And it says by the next decade’s end the national debt will equal three-quarters of the entire U.S. economy. But before President Barack Obama can do much about it, he’ll have to weather recession... 

California Brankrupted with $24.3 Billion deficit

Screenshot
Illegals pouring over the boarder for free health care and education are burgeoning California’s already bankrupt economy. Will it spread to the rest of the country?  Read More »

Obama tells to America: 'We're out of money'

Post Pic
In a sobering holiday interview with C-SPAN, President Obama boldly told Americans: “We are out of money.” C-SPAN host Steve Scully broke from a meek Washington press corps with probing questions for the new president. SCULLY: You know the numbers, $1.7 trillion debt, a national deficit of $11 trillion. At what point do we run out of money? OBAMA: Well, we are out of money now. We are operating... 
Tags: , ,

Ever wonder why the US is bankrupt?

Post Pic
Has anyone ever thought about us just making Mexico the 51st state? It would be lot easier. You think the war in Iraq is costing US too much? Read on.. Boy, was I confused. I have been hammered with the propaganda that it is the Iraq war on terror that is bankrupting us. I now find that to be RIDICULOUS. I hope the following 14 reasons are forwarded over and over again until they are read so many... 

Something BIG is happening; 9 U.S. states declare sovereignty

Screenshot
Last week, I reported on this blog that the New Hampshire Legislature made a dramatic declaration warning the federal government that they risk “nullifying the Constitution.”Within the past 7 days, eight other U.S. states have made similar declarations of their sovereignty! Clearly something “big” is up. These types of actions by state legislatures rarely if ever take place,... 

The U.S. Role in Haiti’s Food Riots

Post Pic
Riots in Haiti over explosive rises in food costs have claimed the lives of six people. There have also been food riots world-wide in Burkina Faso, Cameroon, Cote d’Ivorie, Egypt, Guinea, Mauritania, Mexico, Morocco, Senegal, Uzbekistan and Yemen. The Economist, which calls the current crisis the silent tsunami, reports that last year wheat prices rose 77% and rice 16%, but since January rice prices... 
Tags: , , ,
Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.