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Tag: Taxpayers

Parenting

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Posted on Apr 12, 2014 READ MORE



Andra MIhali (CC BY-SA 2.0)

As Parents Struggle to Repay College Loans for Their Children, Taxpayers Also Stand to Lose

New Department of Education data show rising default rates on federal loans to parents.

Posted on Apr 8, 2014 READ MORE



AP Images

Elizabeth Warren’s Bill Could Mean Billions for Taxpayers

Sen. Elizabeth Warren has teamed up with Republican Sen. Tom Coburn of Oklahoma to introduce a bill that takes aim at the efficacy and malfeasance of government settlements on corporate wrongdoing and could bring billions of dollars back to taxpayers. If corporations have the same rights as people, then they should have to suffer the same consequences.

Posted on Jan 13, 2014 READ MORE


Flood Insurance

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Posted on Nov 2, 2013 READ MORE


Taxpayer Attempts Sequestration

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Posted on Apr 15, 2013 READ MORE



flickr/skooksie

The Sports Tax

That term—Sports Tax—is not hyperbolic. In a week that saw Louisiana fork over $5 million to the NFL for the privilege of helping that league make big Super Bowl money, Sports Tax is the most accurate catch-all label for the four sets of levies the public is being made to shell out.

Posted on Feb 8, 2013 READ MORE



Flickr/TexasGOPVote.com

Preserve Benefits: Cut Gouging and Inequities

Congress is still talking about a “Grand Bargain” that “balances” far more spending cuts than tax increases. That is another way of saying that you – the consumer of Medicare and Medicaid services, the recipient of Social Security, and the average taxpayer — will take the brunt of the spending cuts.

Posted on Nov 14, 2012 READ MORE



Flickr/respres (CC-BY)

Why Freddie Mac Resisted Refis

Freddie Mac, the taxpayer-owned mortgage giant, made it harder for millions of Americans to refinance their high-interest-rate mortgages for fear it would cut into company profits, present and former Freddie Mac officials disclosed in recent interviews.

Posted on Oct 26, 2012 READ MORE


Two Conventions: Profiles in Decadent Cowardliness

Did you know that taxpayers helped fund these conventions at a level of $100 million for logistics and police sequestrations of demonstrators in Tampa and Charlotte and an additional $18.2 million each for general convention expenses?

Posted on Sep 12, 2012 READ MORE


NY 9 Million Cosmetic Surgery

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Posted on Nov 1, 2010 READ MORE



AP / Mark Lennihan

AIG Settles for $725 Million

American International Group, 80 percent owned by the U.S. government, has announced it will pay out $725 million in a settlement of a securities fraud lawsuit, begun in 2004, that accused the insurance Gargantua of accounting fraud and stock manipulation.

Posted on Jul 16, 2010 READ MORE



Flickr / epicharmus

Taxpayers to Buy Bad Bank Assets

What a deal! Timothy Geithner’s new plan to save the banks from themselves commits American taxpayers to a massive purchase of the toxic assets that the banks had originally insisted were risk-free investments. Of course, Wall Street loved the news. Update

Posted on Mar 23, 2009 READ MORE



Flickr / Betsssssy

Bank of America, Literally

The taxpayers’ bank opened a new branch on Thursday: Uncle Sam just threw $20 billion Bank of America’s way. The government is also on the hook for $118 billion more in crap assets. Bank of America chief Ken Lewis calls it the “deal of a lifetime.” No kidding.

Posted on Jan 16, 2009 READ MORE


Regulator Gave Blessing to IndyMac Shenanigans

The Treasury Department’s inspector general has been looking into the failure of IndyMac, which set the taxpayers back $8.9 billion, and what he found isn’t pretty. It seems a certain regulator let the bank present itself as “well-capitalized” when the truth was something entirely different.

Posted on Dec 23, 2008 READ MORE


Krugman on Bank Collapse and ‘1931 Revisited’

Financial columnist Paul Krugman, trying to make sense of the Lehman Brothers debacle, warns that “the defenses set up to prevent a return of those bank runs, mainly deposit insurance and access to credit lines with the Federal Reserve, only protect the guys in the marble buildings, who aren’t at the heart of the current crisis. That creates the real possibility that 2008 could be 1931 revisited.”

Posted on Sep 15, 2008 READ MORE


Bush and troops
AP photo / Gerald Herbert

News Coverage of Iraq War Plummets

If ever there was required reading, this article by Sherry Ricchiardi in the American Journalism Review would be it. News coverage about the Iraq war, whether measured in column inches or broadcast minutes, by American news outlets is becoming a mere blip on the proverbial radar, even as lives and resources are still lost every day.

Posted on May 31, 2008 READ MORE


Follow the Taxpayer’s Money

McClatchy: “Top Commerce and Treasury Departments officials appeared with Republican candidates and doled out millions in federal money in battleground congressional districts and states after receiving White House political briefings detailing GOP election strategy.”

Posted on Aug 17, 2007 READ MORE


Foreign Companies Buy U.S. Roads

U.S. roads and bridges paid for by American taxpayers are being sold to companies abroad. Selling roads and bridges to private companies provides states with extra cash in the short term, but as Indiana’s House Democratic leader has argued, these deals are shortsighted taxpayer rip-offs that funnel long-term profits to foreign coffers. (h/t AmericaBlog)

Posted on Jul 19, 2006 READ MORE


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