According to recent estimates, the Federal government of the United States is now facing a $1.5 trillion budget deficit for the coming year.  This astounding number is in addition to the $125 billion budget shortfalls being experienced by the states.  In fact, the month of February, by itself, racked up   a record-breaking federal deficit of $225 billion.  America’s financial state of affairs has become  so shaky that many economists are saying the once-mighty, U.S. “ship of state” is taking on water at an alarming rate, and is in ultimate …

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Once again, the Senate Republicans have chosen to live up to their “Party of No”  reputation by blocking  a bill intended to provide assistance to small businesses.  The bill, sponsored by the Obama Administration, was intended to provide $30 billion in loans for small businesses, combined with tax relief for a ten year period.  In addition, the bill was to provide another $1.5 billion in grants to state lending programs that are currently running low on cash.  Clearly, the intent of the legislation was to …