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America is Broke

Get the <a href=”http://www.widgetbox.com/widget/national-debt-clock”>National Debt Clock</a> widget and many other <a href=”http://www.widgetbox.com/”>great free widgets</a> at <a href=”http://www.widgetbox.com”>Widgetbox</a>! Not seeing a widget? (<a href=”http://docs.widgetbox.com/using-widgets/installing-widgets/why-cant-i-see-my-widget/”>More info</a>)By Greg Hunter’s USAWatchdog.com (Revised) Saturday, the House of Representatives passed legislation with more than $60 billion of budget

Inflation Liftoff

Greg Hunter’s USAWatchdog.com  (updated) The government released a nasty little inflation rate surprise yesterday.  Prices increased .4% in January, which was 33.3% higher than the expected .3% increase.  It should come as no surprise to anyone who fills up at a

Middle East Math is Disturbing

This week, protests in the Middle East continued to take hold in countries such as Bahrain, Algeria, Yemen and even Iran.  Call it Middle East unrest, the pro-democracy movement or people just fed up with dictators in power. I pray for

The Low Inflation Lie

By Greg Hunter’s USAWatchdog.com If you believe government inflation rate numbers, inflation is 1.2%, according to the Consumer Price Index (CPI.)  That’s how much prices rose last year.  Last week, Fed Chairman Ben Bernanke testified in front of the Republican controlled

Egypt Will Explode

By Greg Hunter’s USAWatchdog.com “Egypt will explode.”  That was the reaction on twitter from Mohamed ElBaradei to Hosni Mubarak’s announcement not to resign the Presidency of Egypt.  ElBaradei is a former Director General of the International Atomic Energy Agency and Nobel

The Worst 4 Letter Word of All–Debt

You can write volumes on what is actually wrong with the economy.  We have record foreclosures, the FDIC closing banks every weekend, high unemployment, enormous deficits, food banks running out of money, sour mortgage-backed securities and the list goes on and

9% Unemployment Rate is a Statistical Lie

Greg Hunter’s USAWatchdog.com   (updated) The Bureau of Labor Statistics (BLS) released the latest unemployment figures last Friday.  There was a stunning drop to 9% from 9.4%.  How did that happen?  Is the economy really getting better or is the government up

Egypt Diverts Media Attention from U.S. Economy

By Greg Hunter’s USAWatchdog.com The revolution in Egypt has been going on for nearly two weeks.  It is intensifying.  There are reports of gunfire, beatings of foreign journalists and looting.  It is a riveting story because so much is at stake

In Egypt the Earth Shifts

I was watching Egyptian news coverage of the protests on NBC last night, and I was amazed by the spin the Peacock Network took.  It was being reported as something positive–as if the mass release of prisoners by angry mobs (a

Keep Your Eye on Middle East Wild Card

By Greg Hunter’s USAWatchdog.com Just a few weeks ago, an uprising toppled a little known Tunisian leader (President Zine al-Abidine Ben Ali.)  Tunisia is due west of Egypt, separated only by Libya.  About the only thing that seemed newsworthy was the family reportedly

State of Denial

By Greg Hunter’s USAWatchdog.com Barack Obama addressed the country for the third State of the Union address of his Presidency this week.  In broad terms, he talked mostly about innovation, education and jobs.  To be fair, he also briefly touched on

Greg Hunter on Coast to Coast AM!

I was on Coast to Coast AM early Wednesday morning. Coast to Coast AM is a nation-wide radio show with a network of more than 500 radio stations. I was on the first hour of the show (1am EST) to talk about the “REAL” State

The Most Predictable Financial Calamity in History

By Greg Hunter’s USAWatchdog.com In November 2010, the Federal Reserve announced a second round of economic stimulus commonly referred to as Quantitative Easing (QE2).  The reason, according to the Fed, was “progress toward its objectives has been disappointingly slow.”   So, to

Housing Shows There Is No Recovery

By Greg Hunter’s USAWatchdog.com Housing starts are a tried and true barometer of business activity.  If there was a real economic recovery going on, housing starts would be, at the very least, edging up.  Please keep in mind the government is

Most U.S. Cities and States Float in a Sea of Red Ink

Nearly every state in the Union and nearly every large city are facing ballooning budgets and shrinking tax revenue (confiscation).  Some, such as Illinois and California, are boarding on insolvency and need to fill budget holes that are tens of billions of dollars.