Money

Ron Paul: “Chaining” Taxpayers » FITSNews

One of the least discussed, but potentially most significant, provisions in President Obama’s budget is the use of the “chained consumer price index” (chained CPI), to measure the effect of inflation on people’s standard of living. Chained CPI is an effort to alter the perceived impact of inflation via the gimmick of “full substitution.” via […]

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U.S. debt jumps a record $328 billion in a day — tops $17 trillion for first time – Washington Times

U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week. The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday. via U.S. debt jumps a record $328 billion — […]

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Why you’ll soon be paying rent to the Chinese

Today, I want to talk about something easy and basic, something that every American should understand. When you borrow money, you eventually have to pay it back – plus interest. That’s all you need to know to understand the financial crisis and the terrible consequences we face if we don’t stop borrowing money from foreign […]

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