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Debt, Deficit, and Deceit

Jim Worth | Posted 09.17.2011 | Politics
Jim Worth

There's a theory bouncing around that Republicans want to crash the economy hoping to benefit in the aftermath from the destruction it will cause.

How 'Maximizing Value' for Shareholders Robs Workers and Taxpayers

William Lazonick | Posted 09.06.2011 | Business
William Lazonick

Want to solve the mystery of the American economy's current employment and competitiveness problems? Take a close look at the current corporate obsession with "maximizing shareholder value."

U.S. Has 'Clear Path' To Selling Its Remaining General Motors Stake

Posted 08.22.2011 | Business

DETROIT - The Treasury has a "clear path" to selling its remaining stake in General Motors Co shares, a senior Obama administration official is ex...

Taxpayers Take Hit On Lower-Priced AIG Stock Sale

Posted 07.11.2011 | Business

NEW YORK: American International Group and the U.S. Treasury will sell nearly $9 billion in AIG stock, they said on Wednesday, a huge offering but...

In The Public Interest: Ryan's Budget Is A Wolf In Sheep's Clothing, Preying On Student Aid

Rich Williams | Posted 06.15.2011 | Politics
Rich Williams

If this Congress is serious about job recovery, reducing access to college is the wrong approach. We should be investing in Pell Grants and looking for ways to increase the maximum Grant, not cut it.

IRS Gives $513M In Homebuyer Credits To Unqualified Taxpayers

AP | BY STEPHEN OHLEMACHER | Posted 06.15.2011 | Business

WASHINGTON -- The Internal Revenue Service has paid out more than a half-billion dollars in homebuyer tax credits to people who probably didn't qualif...

William Alden

Shutdown: Economic Support Systems Would Continue, Even As Housing, Small Businesses Take Hits | William Alden | Posted 06.08.2011 | Business

If the federal government shuts down tonight, much of the apparatus that has helped prop up the faltering economy will remain in place. The Federal...

Get Rid of the Lazy Teachers and Lower My Taxes!

Joel Weinberger | Posted 05.31.2011 | Education
Joel Weinberger

We are heading for an uneducated population if we don't make education a value and value the teachers who provide it.

Fed's Dividends Decision Helps Shareholders, Might Hurt Taxpayers

The New York Times | Simon Johnson | Posted 05.25.2011 | Business

Four groups of people were directly affected by the Federal Reserve's decision late last week to allow major banks to increase their dividends and to ...

Rescue Choppers or Corporate Jets?

Dylan Ratigan | Posted 05.25.2011 | Politics
Dylan Ratigan

In all the footage of people being saved, I haven't seen one mega-bank rescue anyone. I saw help from a lot of volunteers, firemen, rescue workers, doctors, nurses, etc. But not one bank.

Our Priorities Should Not Include the Defense of DOMA

Fred Silberberg | Posted 05.25.2011 | Politics
Fred Silberberg

As an American taxpayer, I resent that my dollars are being spent by the government on attempting to further discrimination against many American citizens, including myself.

In The Public Interest: House Kneecaps Wall Street Reform Funding, But Goal Is Worse: Repeal

Ed Mierzwinski | Posted 05.25.2011 | Politics
Ed Mierzwinski

The House is trying to starve our consumer cops to death. It's now in the public interest for the U.S. Senate to pass its own budget resolution that puts consumer and investor cops back on the beat. Otherwise, what happened on Wall Street will happen again.

Do Your Own Damn Taxes

Joseph J. Thorndike | Posted 05.25.2011 | Politics
Joseph J. Thorndike

Should members of Congress be forced to do their own taxes? Anesthetized by too much tax assistance, politicians aren't motivated to do the hard work of crafting tax reform.

Fannie, Freddie Taxpayer Tab Could Hit $169 Billion By Next year

Bloomberg | Lorraine Woellert | Posted 05.25.2011 | Business

Taxpayer aid to Fannie Mae and Freddie Mac will reach $224 billion by the end of 2012, of which $55 billion will be returned in dividends to the U.S. ...

Unemployment 'Math': Statistical Lies

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

Parents need to demand that their children learn math. Math literate citizens can will use analytical reasoning to see through the lies of government and the ridiculous insults from the mainstream media.

How to Permanently Reduce State Medicaid and Prison Costs Instead of Postponing and Papering Over Them

Joseph A. Califano Jr. | Posted 05.25.2011 | New York
Joseph A. Califano Jr.

There are two fiscal gluttons gobbling taxpayer dollars, threatening to starve other public needs like education, and creating budget crises for at least 46 states: Medicaid and prisons.

IRS Liens 'Torment' Struggling Taxpayers

AP | STEPHEN OHLEMACHER | Posted 05.25.2011 | Business

WASHINGTON — A government watchdog says the Internal Revenue Service is tormenting struggling taxpayers in the midst of a slumping economy by in...

Stop the Lies

Gerald McEntee | Posted 05.25.2011 | Politics
Gerald McEntee

Near the end of the now-classic film Chinatown, set in Los Angeles during the 1930s, working-stiff private detective Jake Gittes (Jack Nicholson) conf...

Why Hispanic Activists Must Fight to Eliminate the Nation's Debt

Janet Murguía | Posted 05.25.2011 | Business
Janet Murguía

No responsible parent would willingly choose passing down substantial sums of debt to their children over making sacrifices. If we don't deal with this problem now, that is exactly the outcome we can expect

Bank of America Promises to Meet Bailout Requirement, But Challenges Remain

The Huffington Post | William Alden | Posted 05.25.2011 | Business

Bank of America, mired in scandal and facing potential losses over its alleged mishandling of mortgages, now says it will be able to fully leave its t...

The Next Looming Bank Crisis: De-Leveraging

Jim Worth | Posted 05.25.2011 | Business
Jim Worth

Despite several quarters of reported profits, including some that were phenomenal, banks are on thin ice -- with cracks that could turn into fissures at any time.

POTUS Visits and Public Diplomacy: Doing Nothing While Waiting for Nothing to Do

John Brown | Posted 05.25.2011 | World
John Brown

"Much grousing about the expense of President Obama's India trip. This is silly and vindictive." --Charles Krauthammer --Image from An amusin...

America's Income Defense Industry

Jeffrey Winters | Posted 05.25.2011 | Politics
Jeffrey Winters

Thanks to the Income Defense Industry, the U.S. tax system is a boondoggle for a tiny group at the top. And that's even before factoring in the regressive impact of sales taxes, state incomes taxes, and especially social security and Medicare.

Time for Strategic Philanthropy

Bill Zimmerman | Posted 05.25.2011 | Politics
Bill Zimmerman

Because of today's convoluted tax code many of those with incomes in the stratosphere actually pay a smaller portion of their total income than the rest of us.

Tab For Fannie, Freddie Could Soar To $363 BILLION

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The government spelled out Thursday just how much the most expensive rescue of the financial crisis will end up costing taxpayers – a...