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Tag: Trillion

money
Flickr / yomanimus

U.S. Household Wealth Falls by $1.5 Trillion

This just in: U.S. households are getting poorer. As the crisis continues to wreak havoc on our economy, new data from the Federal Reserve tells us that U.S. net household worth has dropped $1.5 trillion in the second quarter of 2010 and is down more than $10 trillion since the recession began.

Posted on Sep 18, 2010 READ MORE


Benjamins
Wikimedia Commons/Revisorweb

U.S. Budget Deficit Climbs to Over $1 Trillion

America’s spend-a-thon has brought some inevitable consequences, not the least being that we now are looking at a federal budget deficit of more than $1 trillion for the first time ever, and that number is projected to nearly double by October.

Posted on Jul 13, 2009 READ MORE


Deficit
mariopiperni.com / Mario Piperni

Budget Deficit Hits $1.8 Trilly

The current year’s federal budget deficit, according to congressional economists, will top $1.8 trillion, the biggest ever by far. And their projection for the fiscal 2010 budget shortfall is tickling $1.4 trillion, putting both estimates much higher than they were in forecasts back in January.

Posted on Mar 20, 2009 READ MORE


Goodman

‘Democracy Now!’: Sen. Sanders, Scheer on the Bailout Boondoggle

On Monday morning, as the aftershocks from Wall Street’s worst week in decades continued to rock the national and global economy and the Bush administration scrambled to contain the fallout with a bailout plan that could cost American taxpayers over a trillion dollars, Sen. Bernie Sanders, Robert Scheer and Dean Baker joined “Democracy Now!” host Amy Goodman (above) to sort through the rubble and speculate about what might come next.

Posted on Sep 22, 2008 READ MORE


Paulson Congress
AP photo / Lauren Victoria Burke

Paulson Bailout Plan Could Reach $1 Trillion

If you thought the Iraq war was expensive, the Bush administration is also throwing an estimated $1-trillion bailout of major finance firms to prevent a meltdown of the U.S. economy. President Bush and Treasury Secretary Henry Paulson outlined such a “bold approach” Friday morning, yet detailed plans still remain forthcoming.

Posted on Sep 19, 2008 READ MORE


3 trillion shopping spree

Can YOU Spend $3 Trillion Better Than Bush?

We’ve all heard of Publishers Clearing House, but this is a whole new ballgame, people. Robert Greenwald’s Brave New Films team has come up with a game that offers each player the fictional (sigh) amount of $3 trillion, the same amount the Iraq war is projected to cost the U.S., and a whole virtual mall’s worth of fun “shopping” items to buy.

Posted on Apr 14, 2008 READ MORE


Ron Paul
AP photo / Charles Dharapak

Cheering for Ron Paul

What can you get for a trillion bucks?  Or make that $1.6 trillion, if you take the cost of the Iraq and Afghanistan wars as tallied by the majority staff of Congress’ Joint Economic Committee. Or is it the $3.5-trillion figure cited by Paul, whose concern about the true cost of this war for ordinary Americans shames the leading Democrats?

Posted on Nov 20, 2007 READ MORE


U.S. soldiers
boston.com

Ron Paul:  Iraq War Will Cost $3.5 Trillion

It’s difficult to fully comprehend the total price tag of the Iraq war, but Republican presidential candidate Ron Paul has made some staggering calculations, coming up with a whopping $3.5 trillion—including “hidden costs” such as interest on the money we’re borrowing, and long-term health care for vets. 

Posted on Nov 20, 2007 READ MORE


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