Avid Editor's Insights

Archive for June 13th, 2009

Who we own the debt for Obama’s Nationalizing plans

Posted by avideditor on June 13, 2009

From Zin Owls Webpage

ObamaNation: Biggest Holders of ObamaNation Debt (13Jun09)

As the ObamaNation spends an unprecedented amount of money, there is an equally great need to raise the cash to pay for it. This is accomplished through borrowing, whereby ObamaNation sells Treasury securities of varying maturity.

For investors, the government bills, notes and bonds were considered a safe financial product because they had a guaranteed rate of return, based on faith in future US tax revenues.

The government had been partially funding operations via Treasury securities for decades.

This borrowing adds to the national debt, which is now above $11 trillion and is rising every day.

Much of that debt is held by the private sector, but about 40 percent is held by public entities, including parts of the government.
Read the rest of this entry »

Posted in Obama | Tagged: , , | Leave a Comment »

Breaking Video: Iranian Riot Police Attack Protesters

Posted by avideditor on June 13, 2009

Vodpod videos no longer available.

more about “Breaking Video: Iranian Riot Police A…“, posted with vodpod

Posted in Iran, video | Tagged: , | Leave a Comment »

%d bloggers like this: