W. J. Mencarow

A 1 Minute Explanation Of The Federal Budget

  . U.S. tax revenue: $2,170,000,000,000 . Fed budget: $3,820,000,000,000 . New debt: $1,650,000,000,000 . National debt: $14,271,000,000,000 . Recent budget cuts: $38,500,000,000 Let’s now remove 8 zeros and pretend it’s a household budget: . Annual family income: $21,700 . Money the family spent: $38,200 . New debt on the credit card: $16,500 . Outstanding …

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Arrogant crony corporatism

From Franklin Sanders’ newsletter 12/8/11  www.the-moneychanger.com Yesterday Jamie Dimon, CEO of JP Morgan Chase, at a conference sponsored by public-spirited Goldman Sachs, said, “Acting like everyone who’s successful is bad and that everyone who is rich is bad — I just don’t get it.”     Well, Jamie, mayhap I can ‘splain it to you.  You …

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What Have We Gotten For The Trillion Dollars We Have Spent On Wars In Afghanistan, Iraq And Libya?

What Have We Gotten For The Trillion Dollars We Have Spent On Wars In Afghanistan, Iraq And Libya?   The Economic Collapse October 25, 2011 Over a trillion U.S. taxpayer dollars have been spent on wars in Afghanistan, Iraq and Libya.  Whether you are for the wars or against the wars, it is important for …

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92%

From the September, 2011 PAPER SOURCE JOURNAL. For information on subscribing, click on the tab “Paper Source Journal” at the top of this page. 92%. That’s the percentage of recent New York City area foreclosures in which the alleged creditors could not prove they were owed anything. The New York Post found that in nearly …

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