Obamacare will increase the long-term federal deficit by $6.2 trillion, according to a Government Accountability Office report that will be released today.
Will Urge Israel to ‘Sit Tight’ And Let US Start War
According to unnamed officials quoted by Israel’s Channel 10, President Obama is planning to inform Israeli Prime Minister Benjamin Netanyahu of his intention to attack Iran this summer, with June beginning the “window of opportunity” for his next war.
Secretary of State John Kerry said in a press conference earlier today that time is “running out” for diplomacy, and it seems [...]
The US government has issued a new report that recommends blocking access to popular websites during a pandemic outbreak in order to preserve internet bandwidth for investors, day traders and securities clearing house operations. The concern is that a pandemic would cause too many people to stay at home and download YouTube videos and porn, hogging all the internet bandwidth and blocking throughput for investment activities, thereby causing a stock [...]
The real deficit is $25,000,000,000,000.00 (TRILLION)!
The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent
Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house [...]
Though lots of people grumble about the government bailing out banks in the financial crisis, we have at least taken some comfort in the idea that the government has turned a profit on that bailout.
Only problem is, that profit comes from taxpayer money — money that was meant to spur banks to develop communities and help small businesses. Instead they’ve used it to develop and help themselves.
All told, including dividend, interest [...]
October 25, 2011
WASHINGTON, Oct. 19 – A new audit of the Federal Reserve released today detailed widespread conflicts of interest involving directors of its regional banks.
“The most powerful entity in the United States is riddled with conflicts of interest,” Sen. Bernie Sanders (I-Vt.) said after reviewing the Government Accountability Office report. The study required by a Sanders Amendment to last year’s Wall Street reform law examined Fed practices never before subjected [...]
Saab Files for Bankruptcy Protection
Decrease in federal stimulus money blamed for Iowa closures, layoffs
GAO report backs up Postal Service’s dire warning
Greece euro exit can’t be ruled out – German CSU head
White House to Propose Plan to Help Postal Service
European Crises: Treating a Mountain Like a Molehill (McAlvany audio. Info on the Swiss currency devaluation & the euro)
Bank of Canada Keeps Key Rate at 1%, Detects Diminished Need for Increase
Finland May [...]
The first top-to-bottom audit of the Federal Reserve uncovered eye-popping new details about how the U.S. provided a whopping $16 trillion in secret loans to bail out American and foreign banks and businesses during the worst economic crisis since the Great Depression. An amendment by Sen. Bernie Sanders to the Wall Street reform law passed one year ago this week directed the Government Accountability Office to [...]
H-1B Is Just Another Gov’t. Subsidy – ComputerwoÂÂrld
“…But Nobel economist Milton Friedman scoffs at the idea of the government stocking a farm system for the likes of Microsoft and Intel. “There is no doubt,” he says, “that the [H-1B] program is a benefit to their employers, enabling them to get workers at a lower wage, and to that extent, it is a subsidy…ÂÂ”
The latest GAO report on the H-1B visa [...]