Word: trillion
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...Americans opposed a "second stimulus" and 51% thought that the Federal Government "should spend less" than it is currently spending on stimulus. And that opposition is likely to grow after the announcement on Oct. 16 that the federal deficit for the fiscal year that just ended hit $1.4 trillion, which, at almost 10% of the total economy, represents the largest share since the end of World War II. (See pictures of hard times in Las Vegas...
When people say, “but they’re just words,” they seem to be forgetting that it is the president of the United States who is saying them—someone who can back up such words with executive control of a trillion-dollar economy and thousands of troops. It is a plain reality that, in nine months in office, President’s Obama’s actions have had more of an effect on the world than a lifetime of work by most activists. This does not make the efforts of advocates...
...either the Persian Gulf or the Horn of Africa. Energy-rich Russia has suffered from tanking oil and natural gas prices, while China has managed thus far to weather the global economic downturn thanks to $586 billion in government stimulus spending. China has taken advantage of more than $2 trillion in foreign-exchange reserves to shop for energy and mineral reserves abroad. (See pictures of Chinese investment in Africa...
...your carbon footprint, is there a risk that people will just throw up their hands? I was worried that the results of my adventure into the heart of the energy crisis would be despair and defeat. In fact, I ended up feeling overwhelmingly optimistic. We figured out 7 trillion different applications for natural gas and petroleum. If we could do that, then we can certainly figure out a way to undo the problem. It was ingenuity that got us into this mess and it's ingenuity that will...
...defaults on the former. That risk, long hypothetical, became reality as we got stuck with a $291 billion rescue bill for Fannie and Freddie in the fiscal year that ended in September. Meanwhile, the Federal Reserve is doing its part to artificially lower interest rates by buying $1.25 trillion of Fannie, Freddie and Ginnie mortgage securities this year and next. (See 25 people to blame for the financial crisis...