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Conservative Daily News - The best news, analysis and opinion articles written by a collection of citizen journalists. Covering a range of important topics in blogs, op-ed, and news posts, these upstanding patriots are bringing back American exceptionalism with every entry..

Tag: "Treasury"

Mack Introduces Resolution of No Confidence in Treasury Secretary Geithner in U.S. House

Congressman Connie Mack (R-FL) today announced that he will be introducing  to the House a resolution for a vote of no confidence in Treasury Secretary Timothy Geithner. This vote mirrors the Senate proposal by Sen. Rand Paul last night. The measure points out Geithner’s mismanagement of the U.S. economy as the reason for the vote […]

Victory Formation! Down.. Set… Hike!!!

Once again, we are faced with another deadline for another manufactured crisis contrived by the Obama administration. According to the Treasury secretary, the federal government will officially run out of money on August 2nd due to the country hitting its debt ceiling. Since 1917 when Congress passed the Second Liberty Bond Act, the United States […]

When China Turns Away

It may already be happening. Recently released US Treasury data shows China has been actively reducing its holdings of Treasury debt. China has cut its holdings by $100 billion over the past year to just $844 billion. China has been seeking new ways to recycle its trade surplus and hold back any rise in the […]

Federal Debt Report/ Feb. 2011

       America’s National Debt rose by another $63.7 billion dollars in the month of February, according to the Bureau of Public Debt*. That currently leaves us with a grand total of $14.195 trillions of debt as of March 1st, 2011. In a behind the scenes move to try to postpone having to raise the debt […]

Remember When They Warned Us That Japan Might Not Always Buy Our Debt

I was young, but I remember the news stories and the dire warnings from family friends, parents and uncles: Japan owns us .. and they may not always want to.  Yeah, that was a long time ago and a major player has changed, but the warning is still relevant. Before the Japanese asset price bubble […]

Learning Economics From Chinese Students

As shameful as it is, a Chinese student gets what we’re struggling to understand – government policies are stifling consumption, exports and therefor the economy. A Bloomberg.com post mentioned that when a professor was discussing the nation’s move to keep interest rates low, a student chimed in with true wisdom: Peking University professor Michael Pettis was discussing […]

Federal Reserve Struggling to Create Inflation

The specter of deflation is looming.  Federal Reserve chief Ben Bernanke, the President’s economic advisor Paul Volcker (remember him from the Carter years?), and Treasury’s Timmy Giehtner are all worried that the inflation they have been trying so hard to elicit isn’t coming fast enough – or at all. While inflation is what happens when […]

The Myths about the Myths of Social Security

For decades we’ve all known the Social Security was in trouble. No more!!  MoveOn.org has calmed the waters and published the truth – all while using an absolute fiction. This post at the liberal site attempts to convince its readers that there is nothing wrong with Social Security – move on folks, nothing to see […]

GAO:TARP Has Done Two Things, "Jack and Squat"

GAO:TARP Has Done Two Things, “Jack and Squat”

In the Government Accounting Office’s October “Report to Congressional Committees” on TARP, it is apparent that TARP’s success.. isn’t that apparent. The report recommends filling important positions with permanent staff instead of the consultants currently manning them, but what really stands out is when the GAO attempts to quantify the success of the program.  The […]

Administration Says Its Saving Homes, Oversight Report Says Otherwise

Administration Says Its Saving Homes, Oversight Report Says Otherwise

The combination of federal efforts to combat the financial crisis coupled with mortgage assistance programs makes the taxpayer the ultimate guarantor of a large portion of home mortgages

Transparency Needed Into the Federal Reserve

Transparency Needed Into the Federal Reserve

I realize that I would have to wait in a fairly long line to call Ron Paul a paranoid, old-thinking, isolationist psycho, and I’d gladly take the wait just to have the opportunity.  But, Paul has been pushing for a congressional audit of the Federal Reserve for more than two decades and he might just […]