Tag Archives : budget deficit

Presently, California is a failing state government that is about to ask for a bailout from Washington. State voters rejected Republican Gov. Arnold Schwarzenegger’s proposed measures (to stem the growing financial difficulty) that include higher taxes, budget cuts, and borrowing from lottery revenues. California is said to have enough cash resources [...]

California is in a bad financial state, to say the least. A bailout of the state is even an important part of the talk, at this point. A more severe blow came in the form of California voters rejecting their Governor’s proposed package to balance the budget. That alone might be enough indication that Schwarzenegger will no longer enjoy any political [...]

The Second World War made Americans tired of war, hardship of poverty, and politics. Eisenhower overturned that. He opposed the US military involvement in Korea. He also attacked the Truman administration for its careless handling of the problems of communism and corruption. K1C2 was the title of Eisenhower’s formula. In this plan of action, he vowed [...]

Obama criticized Bush about the unprecedented downturn in US employment. He made a reference to the unemployment rate for February which reached 8.1%, the highest rate over the past 25 years. He continues to assure the American public that the stimulus package will get the US out of the current recession. He sets a realistic tone amidst all the challenges [...]

Once again, the American people are living in a time of utter concern for their economy. While the American government counts multi-digit points in military victories over hairy agents of terror and other enemies of the state, the ordinary American taxpayers might not be aware as to what extent their government’s military spending is costing their [...]