tagged w/ U.S. Treasury
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With Congress and the President continuing to battle over the debt ceiling, an early warning indicator is going off. The cost of insuring US government debt against default is starting to rise, a sign investors are getting nervous.With Congress and the President continuing to battle over the debt ceiling, an early... more
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ctv
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10 months ago
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Recently Complete News Updates Today Got any unclaimed money out there? I’m not talking that quick cash loan with your name on it. I don’t mean the pennies from heaven that fall when you implore the universe to “Give me my cash now!”Recently Complete News Updates Today Got any unclaimed money out there? I’m not... more
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Corporate media completely silent on latest development with warming fraudsters
A leading scientist involved in the climategate scandal received over half a million dollars in federal economic stimulus funds from the Obama Administration last Summer, it has been revealed.
Professor Michael Mann of Penn State University, currently under investigation by the institution itself for his role in massaging climate data and hijacking the peer review process to advance the myth of anthropogenic global warming, was awarded a grant of $541,184 by the government in June 2009.
Mann, the creator of the now infamously discredited Hockey Stick Graph, landed money that came directly from the U.S. Treasury's economic stimulus package, reveals the Washington free-market think-tank group The National Center For Public Policy Research (NCPPR).
The official justification for the grant, authorized under the American Recovery and Reinvestment Act, was labeled as "climate change research".
An NCPPR press release, published today, calls for the funds to be returned:
"It's outrageous that economic stimulus money is being used to support research conducted by Michael Mann at the very time he’s under investigation by Penn State and is one of the key figures in the international Climategate scandal. Penn State should immediately return these funds to the U.S. Treasury," said Tom Borelli, Ph.D., director of the National Center's Free Enterprise Project.
The funds Mann is receiving from the government come in addition to another award to Penn State University researchers of $1.9 million in stimulus funds to study the effects of climate change on the spread of infectious diseases.
NCPPR further commented in its press release:
"It's no wonder that Obama's stimulus plan is failing to produce jobs. Taxpayer dollars aren't being used in the ways most likely to spur job creation. The stimulus was not sold to the public as a way to reward a loyalist in the climate change debate. Nor was the stimulus sold as a way to promote the Obama Administration's position on the global warming theory...As is often the case, political considerations corrupt the distribution of government funds," said Deneen Borelli, a fellow with the National Center's Project 21 black leadership network.
Of course, the kind of economic stimulus Obama has in mind in awarding such grants to proponents of AGW may stem directly from his own intimate involvement in the carbon tax program he is now seeking to broadly implement.Corporate media completely silent on latest development with warming fraudsters
A... more
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President Barack Obama ordered the U.S. Treasury on Saturday to implement tax cuts for 95 percent of Americans, fulfilling a campaign pledge he hopes will help jolt the economy out of recession.
The tax cuts are part of a $787 billion (549 billion pound) economic recovery plan passed by the Democratic-controlled Congress over Republican opposition. The aim is to put more money in the pockets of Americans and stimulate the economy by increasing consumer spending.President Barack Obama ordered the U.S. Treasury on Saturday to implement tax cuts for... more
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Kepano
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3 years ago
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The U.S. Treasury looks to have overpaid financial institutions to the tune of $78 billion in carrying out capital injections last year, the head of a congressional oversight panel for the government's $700 billion bailout program told lawmakers on Thursday.
Elizabeth Warren, a Harvard law professor, said her group estimated the Treasury paid $254 billion in 2008 in return for stocks and warrants worth about $176 billion under the Troubled Asset Relief Program, or TARP.
This smells like more corrupt leadership? More Bush Administration Corruption Charges?The U.S. Treasury looks to have overpaid financial institutions to the tune of $78... more
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Kepano
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3 years ago
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Numbers don't lie. Dr. House said it.
Well, our government cannot keep spending money it doesn't have without consequences. Just like Madoff's Ponzi ended because he lost investors to keep the scheme going, the U.S. Treasury (being broke and) without enough tax payers to keep the interest paid, our country is going to reap the same consequences.
Eventually our creditors will want their money. That means all the United States has as assets and its citizens, their assets too, will be awarded to those that lent the money and didn't get paid back.
Our politicians are professional Ponzi schemers.
God have mercy on us.Numbers don't lie. Dr. House said it.
Well, our government cannot keep... more
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Bush has taken some action, but this is just a glimpse in what is a major power switch behind American policy.
On the heels of more grim unemployment news, President-elect Barack Obama yesterday offered the first glimpse of what would be the largest public works program since President Dwight D. Eisenhower created the federal interstate system in the 1950s.
Obama said the massive government spending program he proposes to lift the country out of economic recession will include a renewed effort to make public buildings energy-efficient, rebuild the nation's highways, renovate aging schools and install computers in classrooms, extend high-speed Internet to underserved areas and modernize hospitals by giving them access to electronic medical records.
"We need to act with the urgency this moment demands to save or create at least 2 1/2 million jobs so that the nearly 2 million Americans who've lost them know that they have a future," Obama said in his weekly address, broadcast on the radio and the Internet.
Obama offered few details and no cost estimate for the investment in public infrastructure. But it is intended to be part of a broader effort to stimulate economic activity that will also include tax cuts for middle-class Americans and direct aid to state governments to forestall layoffs as programs shrink.Bush has taken some action, but this is just a glimpse in what is a major power switch... more
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The Treasury is asking Obama's transition team to aide the Bush Administration in gaining access to the rest of the 700 Billion Dollar Bailout.
I don't know what it say more: That Bush's Administration is lacking the public support that intesely or that Obama has a mandate?The Treasury is asking Obama's transition team to aide the Bush Administration in... more
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