Our resources section is meant to be just that, a place where you can come to find news and information related to the current economic situation as well as the decisions being made by our leaders in Washington. As deficits spiral out of control and our children's future is mortgaged, you can count on StopSpendingOurFuture.org as a place to keep up-to-date on the latest information.
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Politicians and bureaucrats have committed $9.7 trillion (out of a $14 trillion economy) in the name of "rescuing" us from recession. Is it working? And, at what cost to taxpayers and our children's future is this justified?
Continue reading to view the interactive graph. |
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From Fox News: The White House warned Sunday that the country could face a long and painful financial recovery, even with major government intervention to stimulate the economy and save financial institutions. At the end of the Obama administration's first week, the party in power at both ends of Pennsylvania Avenue sought to lower expectations for a quick fix despite legislation expected to pass by next month that would pump billions of dollars into the economy. Democrats also opened the door for even more government aid to struggling banks beyond the $700 billion bailout already in the pipeline. Read more |
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The Treasury had said it would give money only to healthy banks, to jump-start lending. But OneUnited had seen most of its capital evaporate. Moreover, it was under attack from its regulators for allegations of poor lending practices and executive-pay abuses, including owning a Porsche for its executives' use. Nonetheless, in December OneUnited got a $12 million injection from the Treasury's Troubled Asset Relief Program, or TARP. One apparent factor: the intercession of Rep. Barney Frank, the powerful head of the House Financial Services Committee. Read more |
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The 111th Congress begins its work with a war against an enemy that is as intractable as it is illusive and with an economic crisis that borders on historic in its severity and complexity. It is clear that the 111th must rise to levels of policymaking that few Congresses have had to achieve. While it does so, the new Congress must also be more aware of its limitations than those predecessors who were less challenged. Read more
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After spending decades trying to reduce health care costs, some commentators and policymakers now argue that health care costs should be increased to stimulate the economy. At the crux of the argument are the notions that increasing spending on health care will create jobs that can be filled by those losing jobs in other areas of the economy--and that implementing long-proposed reforms (such as an increased emphasis on primary care and large-scale deployment of health IT) will reduce health care costs. |
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