debt

How the US public was defrauded by the hidden cost of the Iraq war

Posted March 11th, 2013 by davidfordhere
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"When the US invaded Iraq in March 2003, the Bush administration estimated that it would cost $50-60bn to overthrow Saddam Hussein and establish a functioning government. This estimate was catastrophically wrong: the war in Iraq has cost $823.2bn between 2003 and 2011. Some estimates suggesting that it may eventually cost as much as $3.7tn when factoring in the long-term costs of caring for the wounded and the families of those killed."

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eEconomics: the best youtube channel you've never heard of

Posted March 2nd, 2013 by kayekm
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This guy is brilliant! A hilarious take on the sequester and debt ceiling. David Angelo is quite a talent.

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A brilliant market solution to the student debt crisis

Posted September 17th, 2012 by James D.
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A brilliant market solution to the "student debt crisis." People volunteer time and others donate money to pay down their debts. A solution that doesn't involve the government just giving people money after they were fiscally irresponsible.

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Austerity drives up suicide rate in debt-ridden Greece

Posted April 7th, 2012 by vox pop bass
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Suicide rate in Greece jumped 40% year-on-year in first five months of 2011.

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Steve Keen on Keiser, why UK debt collapse will be worse than US

Posted December 26th, 2011 by abexman
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Capitalism Without Capital? (E226) - YouTube, Keiser Report: Steve Keen on why UK debt collapse will be much worse than US

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U.S. credit downgrade

Posted August 8th, 2011 by EtotheRic
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WASHINGTON (NBC) -- The United States lost its top-notch AAA credit rating from Standard & Poor's Friday, in a dramatic reversal of fortune for the world's largest economy.

S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits.

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A visualization of US debt stacked in 100 dollar bills

Posted July 24th, 2011 by XD45
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A visualization of US debt stacked in 100 dollar bills

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US spent over $1,000,000,000,000 in defense in 2010!

Posted July 18th, 2011 by dducks
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"...you get a grand total of somewhere between $1.01 and $1.35 trillion spent on national defense in 2010." Now couldn't we have allocated at least some of the $1,000,000,000,000 to helping our economy stay alive?

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IMF bombshell: Age of America nears end

Posted April 25th, 2011 by sovereignbeing
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BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.

For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.

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