US Budget Blunders

US financial bubble ready to burst – Robert Shiller
More and more investors are expressing concern that US stocks are overvalued, which may result in a major bear market - characterized by falling prices and widespread pessimism, Nobel laureate in economics Robert Shiller told the FT. Studies have shown that the level of uncertainty among investors has peaked since the end of the dot-com boom in 2000, said Shiller. [...]
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“Money can’t buy all airwaves”: RT host launches campaign against US media empire
RT’s Anissa Naouai has launched a crowdfunding campaign urging viewers to send a symbolic message to the US State Department and Washington’s media empire, donating money to fight autism. The GoFundMe project was launched by the host of RT’s 'In the Now' program, Anissa Naouai, after the US Secretary of State asked for more money from the government for propaganda and “democracy promoti [...]
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US Senate passes emergency funding for Israel’s Iron Dome
The Senate overwhelmingly approved an emergency measure early Friday that could give $225 million in additional revenue to Israel for the country's Iron Dome missile defense system. Senate Majority Leader Harry Reid (D-Nevada) received unanimous consent from his colleagues Friday morning when he asked them to consider approving the measure, The Hill reported. An attempt one day earlier by the S [...]
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F-35 fleet grounded for the eighth time over unknown engine issue
As the cost of Lockheed Martin's F-35 fighter jet continues to grow, so do the headaches: the United States military announced on Thursday that its entire fleet of aircraft has been grounded until engine inspections are completed. The decision comes as the Pentagon struggles to find the source of yet another problem with the $398.6 billion program. [...]
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Pentagon wants additional $4.5 bln to fix failed missile defense interceptors
In a bid to beef up its missile defense systems, the United States Department of Defense intends to request $4.5 billion in additional spending over the next five years, according to a report by Reuters. The move – disclosed by Riki Ellison of the Missile Defense Advocacy Alliance and two unnamed congressional sources – comes partly in response to failed tests that have shown the interceptors [...]
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US missile defense system proves to be useless after $40 bln spent
Despite a decade of testing and tens of billions of dollars'€™ worth of research, a major missile defense program in the United States has proven to be anything but successful, a new investigation suggests. Nevertheless, the Missile Defense Agency, or MDA, plans on conducting next week its ninth exercise of that costly system since 2004, and the outcome of the drill is expected to influence whet [...]
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And The Question Still Remains Valid Today: What Has America Become? by Ken Huber
"What Has America Become" was the title of a letter to the editor written by Ken Huber of Tawas City, Michigan. It contains a series of comparisons and contrasts which causes one to think about the double-standards and conditions under which we now live here in America. Sadly America is in decline. [...]
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9/11 Pentagon missing $2.3 trillion Rumsfeld Exposed 9/10/2001
September 10th 2001 Secretary of Defense of the USA declared war on the Pentagon bureaucracy over an alleged $2.3 trillion in unaccounted for funds on expenses. The next day 9/11 happened and the previous day's headlines were over-shadowed by the start of the Bush administration's modern-day crusade the "War on Terror," supported by the mythical "Coalition of the Willing" in search of "Weapons [...]
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