Today is the day that the President’s Debt Commission is supposed to vote on the final recommendations, which includes such things as: Raising the retirement age to 69 Increase taxes by up to $1,700 a year for the average tax payer 15% budget decrease for Congress and the White House 3 year pay freeze for […]
From TPM: The message delivered at today’s tea party protest of the Detroit Auto Show: protecting American jobs beats telling Democrats to “keep their hands off” the economy. A group of Michigan tea partiers successfully shut down a protest of the Detroit Auto Show arranged by the National Tax Payer’s Union today on the grounds […]
Not a real shocker here, but it turns out that a lot of the TARP recipients are lining the pockets of our leaders through political donations: In recent filings with the Federal Election Commission, the political action committee for Bank of America (which got $15 billion in bailout money) sent out $24,500 in the first […]
Barack Obama has now said that executives of these failing banks should forfeit their bonuses: Asked whether bank executives should forgo their bonuses, Obama said: “I think they should.” He also said it would show they are taking responsibility. “I think that if you are already worth tens of millions of dollars, and you are […]
John Boehner wants Bush to cut off all federal funding to ACORN Boehner said his office had determined that ACORN had received more than $31 million in direct federal funding since 1998. He said the group had likely received far more indirectly through federal block grants to states and localities. “Immediate action is necessary to […]
I’m still in catch up mode from being offline all last week, but I have to chime in on this whole Palin’s email account being hacked thingy. The right wants you to believe some massive hacker fiddled his way through cyberspace, altering bits and warping the very space-time continuum in order to hack into Palin’s […]
When you can’t manage situations, then you must throw money at it. That seems to be the Republican way of dealing things and it causes a big mess and a bigger burden for the U.S. tax payer: Among the many superlatives associated with Hurricane Katrina can now be added this one: it produced one of […]