Browsing All posts tagged under »federal debt«

Congress eyes increasing corporate welfare via another ‘tax holiday’

June 22, 2011

2

Did you know that the Obama administration – fueled by about two dozen Republicans in Congress and the lobbyists for  Microsoft, Oracle, Pfizer, Apple and several other major firms – are pushing for a corporate tax “repatriation” holiday? The plan is to give select multi-national corporations “special dispensation from tax laws” on the more than […]

China says US already defaulted, Congress yawns and continues gaming

June 13, 2011

0

The leading Chinese rating agency, Dagong Global Credit Rating Co. Ltd., says that while the U.S. Congress and most of America was distracted by Weinergate or the Kardashian’s latest fashion statement or some other asinine tidbit of non-news, the federal government has already defaulted on its debt. “In our opinion, the United States has already […]

China warns U.S. against debt default; GOP scoffs

June 9, 2011

0

Note to Republicans: Now is not the time to see if Chinese banks feel like playing a game of “chicken.” According to reports from Reuters, Republican lawmakers are “playing with fire” by contemplating even a brief debt default as a means to force deeper government spending cuts, an adviser to China’s central bank said on […]