piggy bankThe Obama administration is expected to release a report soon estimating that the 10-year budget deficit for the United States will be roughly $9 trillion, up approximately $2 trillion from the previous projection of $7.108 trillion, Reuters reported on August 21.

Senator GreggAccording to Senator Judd Gregg (R-N.H.), the United States is on its way to becoming a “banana republic” within 10 years.

out of moneyAccording to the latest figures from the U.S. Department of Commerce, Americans’ personal incomes dropped 1.3 percent in June, the biggest drop in four years.

Item: President Barack Obama, reported the Bloomberg news agency for July 11, “said his $787 billion stimulus bill ‘has worked as intended’ as he pushed back against Republican criticism that his recovery program has failed to rescue the economy.”

bonus moneyNine financial firms that received a total of $32.6 billion through the government's Troubled Asset Relief Program (TARP) paid their top traders and bankers more than $5 billion in bonuses last year, even as those same firms lost $81 billion, according to a report released on Thursday by New York Attorney general Andrew Cuomo.

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