up from $10.6 trillion when Obama took office in 2009.
US unemployment rises Again.Speaking from the White House’s rose garden Friday morning, President Barack Obama says America needs to get back to a place “where new jobs and opportunities are within reach,” but notes, however, that “we still have a long way to go.”The economic recovery is simply not gaining steam.(RT)
35% Of California Teens Can't Find Work This Summer.It used to be you could get a job as a high school drop out. Or you could hold a job while staying in school. And you could definitely find work over the summer.Not anymore.
A recent, detailed study by the Eisenhower Research Project at Brown University revealed that the war on terror has cost the US economy, so far, from $3.7 trillion (the most conservative estimate) to $4.4 trillion (the moderate estimate). Then there are interest payments on these costs - another $1 trillion.
That makes the total cost of the war on terror to be, at least, a staggering $5.4 trillion. And that does not include, as the report mentions, "additional macroeconomic consequences of war spending", or a promised (and undelivered) $5.3 billion reconstruction aid for Afghanistan.
Who's profiting from this bonanza? That's easy - US military contractors and a global banking/financial elite.
The notion that the US government would spend $10 billion a month just to chase a few "al-Qaeda types" in the Hindu Kush is nonsense.