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| Category: US Fiscal Deficit This category includes articles that discuss the excess of US government spending over tax and other receipts, resulting either in an increase in government debt or inflation, with a possible impact on the acceptance of the US dollar in international trade and finance. Government spending: By John Schroy, on October 18th, 2009 |  One comment  This “Obama Deficit” is about six times the fiscal deficit for the year 2003 and at the highest level in American history. The Federal Reserve Flow of Funds accounts for Q2 2009, estimates the US fiscal deficit (on an annual basis) at $1,294.9 billion. Uncontrolled spending by the US government and the lack of any clear plan as how these outlays will eventually be financed has resulted in the world fleeing dollars. October 18th, 2009 | Print Article |  Email Article |  Topics: Barack Obama, Currencies, United States, US dollar | Category: US Fiscal Deficit | One comment |  Short urlThe world's policeman is going broke: By John Schroy, on October 12th, 2009 | 2 comments  The dollar has declined against other currencies since nine-eleven. Costs of asymmetrical warfare and being the “world’s policeman” cannot be sustained indefinitely. On top of the cost of a long war, the Obama administration is heaping profligate government spending designed to redistribute wealth. The winner may well be Osama bin Laden, dead or alive. October 12th, 2009 | Print Article | Email Article | Topics: Barack Obama, George W Bush, Osama bin Laden | Category: US Fiscal Deficit | 2 comments | Short urlFeatured articles on inside pages
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