Staff / TruthdigAug 2, 2006
Bush's new secretary of the Treasury, former Goldman Sachs CEO Henry Paulson, said in his first public remarks since taking office that he recognized the economy was not benefitting all Americans
That's quite an understatement -- as Paul Krugman made abundantly clear in a 2002 N Times Magazine essay -- but for a Bush appointee, it was a hell of an admission
. Dig deeper ( 1 Min. Read )
Staff / TruthdigMar 17, 2006
Congress just raised our debt ceiling--the amount we're allow to borrow--by $781 billion. It was either that or default on our treasury notes. This is the fourth debt-ceiling increase since Bush took office--some $3 trillion in total. Dick Cheney may have said that deficits don't matter, but try telling that to the next generation of Americans, who are going to have one helluva credit card bill to pay off. Dig deeper ( 1 Min. Read )
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Staff / TruthdigMar 10, 2006
A nonpartisan, nonprofit think tank concludes: "the tax cuts have not paid for themselves, recent economic growth and revenue growth have not been particularly strong, and revenues remain lower than had been predicted before the tax cuts were enacted." Dig deeper ( 1 Min. Read )
Staff / TruthdigMar 2, 2006
A Republican lawmaker tells CNN that the Homeland Security Dept. never investigated whether the UAE company slotted to take control over major U.S. ports had any connection to Al Qaeda or other terrorist groups. Dig deeper ( 1 Min. Read )
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