Posts Tagged Spending
August 7, 2012
July 6, 2012
It has been seven days since a severe storm struck the Washington, DC area; the brief storm uprooted trees which damaged property and cut power for millions of people in the Mid-Atlantic. Still people are left without power and while Americans are dealing with record high temperatures, the US government chooses to spend millions of dollars on upgrading Guantanamo Bay’s infrastructure as well as Iraq, literally leaving many Americans in the dark. Liz Wahl brings us more.
July 1, 2012
In this podcast
(1) I discuss that the food stamp usage under Obama has skyrocketed.
(2) I analyze how Obama’s anti business and why this has caused food stamp usage to skyrocket.
June 27, 2012
The film below shows how brazen the corporations act in pursuit of profits. Major corporations have imbued throwaway cultures into nigh every crevice of the globe. These throwaway cultures are burning through resources at levels beyond unprecedented.
Leading manufacturers have unquestionably conspired to keep the lifetimes of products as minute as possible in order to increase their bottom line.
The Light Bulb Conspiracy by Cosima Dannoritzer goes into great details as to the nefarious origins of this degenerate predicament plaguing society.
June 27, 2012
The DOD is throwing away money again. Tonight they win our tool time award for costly mistakes and being drastically over budget on never ending projects. The army is ditching their ACUs and computer system upgrades are over 7 billion dollars over budget.
February 28, 2012
American corporations continue to enjoy healthy profit margins, while the average worker is watching inflation outpace wages.
Earnings for businesses began to rebound in early 2010 and have continued to do well ever since. By the third quarter of last year, pre-tax corporate profits climbed to a record $1.97 trillion.
Meanwhile, the consumer price index, which is used to measure the rate of inflation, reveals that inflation went up 2.3% from last year to now. During this same period, average hourly earnings climbed only 1.5%.
Michael Feroli, chief U.S. economist at JPMorgan Chase, told Bloomberg that the decline in inflation-adjusted wages means it will be difficult for the economy to sustain growth because wage earners will not be able to increase their purchases of consumer goods. The tax cuts, stimulus spending and increases in social benefits by the federal government have helped make up for the weak earnings, but eventually the impact of those government fixes will level off.