Treasury budget shows that Uncle Sam is $1.09 trillion in the hole
The federal budget deficit increased in June as spending surged and tax receipts sunk, pushing the total budget shortfall to over $1 trillion in the first 9 months of the fiscal year, according to a government report released Monday.
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“It's about the American People”
Since: Jun 07
#2 Jul 14, 2009
Will China continue to support the Obama regime with more trillions of dollars in debt even when US economy is falling apart?. Clearly, US deficit is growing out of control and countries including China, Russia and India are seeking new International monetary means to replace the sinking American Dollar.
Nevertheless, while the American people suffer from the big recession, Goldman Sachs is celebrating by using the American taxpayer money to create miraculous enormous profits with the Obama government strong illegal and corrupt support.
Goldman Sachs enjoyed the taxpayer money bailing out under Treasury Secretary Paulson who worked for Goldman Sachs to the Bush Administration.
Then Goldman Sachs was awarded the status of ‘bank holding’ company by treasury secretary Tim Geithner who worked for Goldman Sachs, allowing the company to get more money of the TARF money of the American taxpayers.
Later Tim Geithner nominated a member of Goldman Sachs' board to ‘control’ TARF and even gave him waiver to keep his stocks in Goldman Sacks and even buy 52,000 more stocks of the same company.
In return to the major ‘break’ to Goldman Sachs by the Obama's officials that enjoy the Goldman Sachs stocks profits, Goldman Sachs is serving the 'environmental' policy of Obama by investing in “carbon credit” companies that will get hundreds of billion dollars of the US corporations "carbon tax" and from the American people in the "Cap and trade" fraudulent scheme to fix the earth climate.
With only 5% of the TARF money used to create new jobs for the American money nobody knows where trillion of dollars of the American taxpayer’s money were distributed in US and around the world. The American sheeple that go like blind sheep after their African Kenyan Muslim dictator lost any control over their tax money when trillions of dollars disappeared and unaccounted for and a new ‘stimulus bill’ is coming soon for more taxpayer money that will be gone away in the wind under the Obama new world order Marxist dictatorship.
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