Thursday, May 12, 2011

Obama Demanding Debt Ceiling Increase

Sen. Hatch "Taxpayers are demanding spending restraint"

Barack Obama and his administration are demanding another increase in the U.S. debt limit. Senator Orrin Hatch (R-UT) told the Senate Finance Committee, Americas taxpayers are demanding spending restraint.........more

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Fed Denies It But Inflation Is Here

Americans Know Food, Gas Cost More

In March, the president of the New York Federal Reserve, William Dudley, was trying to explain to the citizens of Queens, N.Y., why they had no cause to worry about inflation. Dudley, a former chief economist at Goldman Sachs, put it this way: “Today you can buy an iPad 2 that costs the same as an iPad 1 that is twice as powerful. You have to look at the prices of all things.” Quick as a flash came a voice from the audience: “I can’t eat an iPad.”........more

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