Budget // Current

13 Most Common Sneaky Charges on Your Credit Card Bills (and How to Spot Them)

Be sure you know how to spot the most common, along with the most uncommon, charges on... more

eva2
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1 day ago
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0 comments

Near Riots At UCLA Over Proposed Tuition Hike

Cop tasers student with yellow taser. Other cop swings baton at students.

rodstradamus
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5 days ago
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0 comments

BIG BUDGET-relative expenditures

The Billion Dollar Gram | Information Is Beautiful

remanns
added this
9 days ago
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1 comment

Obama Now Concerned About Budget When it Comes to Troops

Where was this attitude this past year. All of the sudden spending isn't ok?

blogspression1
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9 days ago
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10 comments

10 US states face looming budget disasters

California, Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode... more

bansheewail
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12 days ago
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5 comments

15 Fashion Blogs for Those with Champagne Taste on a Beer Budget

These blogs will provide you with some helpful tips for buying clothes and accessories... more

eva2
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13 days ago
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0 comments

Ron Paul 11/9/2009 Healthcare ‘Reform’ Will Make a Flawed System Immeasurably Worse

11/9/2009 Ron Paul’s Weekly Update on Healthcare, Congress, Government, and the... more

shanklinmike
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14 days ago
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3 comments

Why Keep Geithner?

Ratigan: There are people who also understand the intricacies of finance and policy, but whose allegiances to the taxpayer are clearer.

A year ago it was revealed to the American people that our banking system was a legalized Ponzi scheme in which bank and insurance CEOs paid themselves billions of dollars in personal compensation to lend and insure assets with money they didn't have to customers who couldn't pay back the loans.

In those dark days between the fall of Lehman Brothers and before the presidential election, we were often carried through that time by the small glimmer of hope in that at least we would soon have a new leader who would hopefully fix this mess and punish those responsible.

Yet in the past 9 months, not only has the administration not fixed anything, they have made things much worse for anyone who isn't a Wall Street banker. Therefore, we are past the point where anyone in power still gets the benefit of the doubt and the process of taking back our country for all citizens must begin now.

This is why I think we must ask if U.S. Treasury Secretary Timothy Geithner is still the right person for the job. It has become clear recently that back in his previous role as New York Federal Reserve Governor, he unnecessarily gave billions of dollars of U.S. tax money to banks and insurance companies with few strings attached. And it is now becoming clear that his lack of meaningful action is helping many of these same banks steal more by legalizing their most economically dangerous, socially destructive and self-enriching practices.

To stop the theft from continuing, it requires that the most basic rules of capitalism be applied to our banks and that our future national wealth be safeguarded by the U.S. Government. The current custodian of America's wealth, Treasury Secretary Tim Geithner, is not doing a good job of either. The time for corrective action is now.

more at link

Wow, actual main-stream news calling out the Goldman Sachs establishment. No wonder Dylan got kicked off of CNBC's Fast Money, and lets not forget Jeff Macke as well.Ratigan: There are people who also understand the intricacies of finance and policy,... more

rodstradamus
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21 days ago
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0 comments

Virginia to close pharmacy for the mentally ill

In a cost cutting measure, the State of Virginia is closing a statewide pharmacy which... more

LowShred
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25 days ago
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40 comments

Will Taxing Marijuana Help Fix the State Budget? One Politician Thinks So

"With the state in the midst of an historic economic crisis, the move towards... more

copperdragon
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26 days ago
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14 comments

Health Care Cuts Hit Alameda County

Health Care Cuts Hit Alameda County Video, Ann Bassette, Oct 17, 2009 Editor's... more

YouthOutlookMultimedia
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1 month ago
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0 comments

New York Governor Proposes 5 Billon Dollars in Cuts

With New York facing a nearly $50 billion deficit over the next three and a half... more

ProjectBat
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1 month ago
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1 comment

Will Budget Cuts Pit Front Range Versus Western Slope In Battle For Funding?

Western Slope politicians and organizations are hoping that battles over the state... more

atomiclegion
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1 month ago
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0 comments

YM Blog-a-Thon: Fix the System

Lately, I have been seeing health care come up a whole lot lately in the news. I... more

YouthOutlookMultimedia
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1 month ago
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As economy worsens, Congress spends more

You may be pinching pennies, but Congress is not. Lawmakers have given themselves a... more

libertyforall
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1 month ago
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Staggering $636.3 billion Approved for the Department of Defense FY 2010

As we sit back and watch the freedoms and benefits of being an American auctioned off... more

Incredulous
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2 months ago
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54 comments

Philly closing all public libraries on October 2nd

All Free Library of Philadelphia Customers, We deeply regret to inform you that... more

thewallisgirl
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2 months ago
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5 comments

Let's Talk Spending

I keep hearing concerns about the amount of money our government is spending. I agree that our growing deficit is an important issue and we should be cautious. However, I'd like to give some perspective about exactly where we, as a country, stand.

Yes, our national debt is by far larger than any other time in history. Having said that, I remember when postage stamps were 25 cents and a Coke was 50 cents. As a matter of fact, my parents bought a very nice two bedroom house in the 1970's for $21,000. This is evidence that dollar amounts are not what they used to be. Any discussion of the national debt must account for inflation.

I think a better way to look at our deficit is as a percentage of our Gross Domestic Product (GDP). According to Time Magazine, our estimated deficit (as of August 25) "accounts for 11.2% of GDP, the largest percentage since 1945." That's a large number, but consider the following:

In 1945, we had just come out of a world war. Today we are fighting two wars simultaneously.

In 1945, we had just emerged from the Great Depression. Today we are in (or, according to some analysts, just emerging from) the most severe economic crisis since the Great Depression.

In difficult times, the government must "step up" to meet the challenges of the day and help its citizens survive. While our rate of spending is cause for concern and should be a matter of debate, I don't believe it warrants the hysteria that's being generated today.

The Stimulus Package was money spent to create jobs and bolster our economy. It's starting to work. Health care reform will be money spent to ensure all Americans can receive care when they get sick (by itself a nobel cause) with the benefit of reducing costs and providing for a healthier populace in the future. Energy reform will be money spent to make our nation's infrastructure cleaner and more efficient, thus saving our environment and reducing costs. As such, I consider today's spending to be an investment for a better tomorrow.I keep hearing concerns about the amount of money our government is spending. I agree... more