Showing posts with label Government Borrowing and Spending. Show all posts
Showing posts with label Government Borrowing and Spending. Show all posts

Wednesday, January 25, 2017

Education Department report finds billions spent under Obama had 'no impact' on achievement

The Obama administration pumped more than $7 billion into an education program, first authorized under President George W. Bush, that had no impact on student achievement – according to a report released by the Department of Education in the final days of the 44th president’s term.

http://www.foxnews.com/politics/2017/01/25/education-department-report-finds-billions-spent-under-obama-had-no-impact-on-achievement.html

Thursday, June 9, 2016

People Need Debt to Get Circulating Money

The reason we cannot proceed at once with safety to bring about the scientific relation between total active buying power and productive capacity by some such method as the payment of old-age pensions, is that as soon as government spends money into circulation there is no way of telling at present whether, when that money shows up in the private banks in the form of reserves, you are going to get a i-for-i expansion of bank credit or a 6-for-i expansion of bank credit.

https://www.unz.org/Pub/SocialJustice-1938jun20-00015

https://www.unz.org/Pub/SocialJustice-1938jun20-00004?View=AllYears

U.S. Taxpayers Are Funding Iran's Military Expansion

http://www.bloomberg.com/view/articles/2016-06-09/u-s-taxpayers-are-funding-iran-s-military-expansion