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American Dream July 14, 2011 As most Americans stand around waiting for the U.S. economy to return to “normal”, there is a never ending parade of jobs, businesses and wealth heading out of the United States. The jobs and businesses that are leaving are gone for good and will not be coming back. This is causing unemployment to soar and government debt to skyrocket but our politicians are doing ...Read full article...
ABC July 12, 2011 President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks. “I cannot guarantee that those checks go out on August 3rd if we haven’t resolved this issue. Because there may simply not be the money in the coffers ...Read full article...
by Erica Werner AP July 11, 2011 Call it eliminating an unfair break, or removing an unjust loophole, or even “taking a balanced approach.” Just don’t call it raising taxes. As they work toward a must-do deal with Republicans on paring trillions from the deficit in order to raise the nation’s debt limit, President Barack Obama and Democrats are saying almost anything to avoid the politically toxic pronouncement that ...Read full article...
Bloomberg June 30, 2011 Treasury Secretary Timothy F. Geithner has signaled to White House officials that he’s considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the federal debt limit, according to three people familiar with the matter. Geithner said speculation about his departure was being driven by his decision to commute to New York so his son can finish his final year ...Read full article...