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 . '/' . substr('9781888996821',-6,3) . '/' . '9781888996821' . '.jpg'; ?>)
By Chris Abani
$14.20
By Mike Rose
$22
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RJ Matson, Cagle Cartoons, Roll Call —
Posted on Apr 15, 2013
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flickr/skooksie
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By David Sirota — 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
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Flickr/TexasGOPVote.com
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Ralph Nader —
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
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Flickr/respres (CC-BY)
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By Jesse Eisinger, ProPublica —
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
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By Ralph Nader —
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
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Adam Zyglis, Cagle Cartoons, The Buffalo News —
Posted on Nov 1, 2010
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AP / Mark Lennihan
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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.
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Flickr / epicharmus
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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
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Flickr / Betsssssy
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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.
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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.
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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.”
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AP photo / Gerald Herbert
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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.
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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.”
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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)
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