Politicians are raising tuition fees on students and want to raise taxes on everyone. California is facing a projected budget shortfall of over 2 billion dollars. Governor Jerry Brown has proposed raising sales tax due t prison overcrowding. Raising your taxes will NOT solve this problem. In 2010, corporate giant GE made hundreds of millions [...]
Archive for the ‘Banks’ Category
Wells Fargo Tests Microchips for Globetrotting Card Clients
Posted: April 16, 2011 in BanksTags: bank, chip
Wells Fargo & Co. (WFC), the U.S. bank with the most branches, is testing microchip-embedded credit cards with frequent travelers to address complaints of customers who have trouble using their cards abroad. The pilot program announced today marks the first effort by a major U.S. bank to deploy Visa Inc. (V) credit cards with so-called [...]
Abolish the DEA
Posted: April 16, 2011 in Afghanistan, Banks, DEATags: CIA, Congress, consumption, DEA, drugs, prison, war
The Drug Enforcement Administration was created by President Richard Nixon through an Executive Order [on] July [1,] 1973 in order to establish a single unified command to combat “an all-out global war on the drug menace.” At its outset, the DEA had 1,470 Special Agents and a budget of less than $75 million. Furthermore, in [...]
The Writing was on the Wall…
Posted: April 12, 2011 in Banks, China, Congress, SenateTags: banks, debt, recession, taxes
Compared to the elected politicians he works with, U.S. Comptroller General David M. Walker has the luxury of being able to take a really long-term look at the opportunities and risks facing the U.S. government. Named the head of the General Accounting Office (GAO) for a 15-year term in November 1998, Walker is the chief [...]
Shut It Down?
Posted: April 12, 2011 in Banks, China, Congress, FED, Obama, SenateTags: Congress, debt, FED, Obama
The first of America’s boomers are now drawing money from the pay window for social security, and in 3 years from Medicare. That is a line that is 17 years long and 78 million deep. Medicare will begin taking in less money than it pays out; this year! Obama’s speech on “Renewing the American Economy” was [...]
Economic Disaster
Posted: April 11, 2011 in Banks, China, Congress, FED, SenateTags: China, Congress, debt, FED, Senate
The year was 1982 and America was the largest creditor nation on earth. By 2005, the U.S. was the largest debtor nation on earth. In 1980, the national debt had yet to eclipse the $1 trillion mark and had accumulated around $850 billion during the first 204 years of this republic. By 2007 or 24 [...]
“Where Would America be Today?”
Posted: April 10, 2011 in Banks, China, Congress, FED, Iraq, Obama, SenateTags: corporations, debt, Iraq, taxes, war
Suppose Clinton, Bush and Obama hadn’t made all of these so-called “mistakes”: Changing banking rules in ’99: cost to tax payers $700 billion and counting Arming Osama Bin Laden: cost to taxpayers $ (plus lives lost on 9-11-2001) Invading Iraq: cost to taxpayers $709 billion according to the Congressional Budget Office [...]
