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Monthly Archives: December 2010
Reagan’s OMB Director: Bush Tax Cuts “The Biggest Fiscal Mistake in History” … Extending Them Won’t Stimulate the Economy
Ronald Reagan gave big tax cuts to the wealthy. So it is dramatic that Reagan’s director of Office of Management and Budget – David Stockman – calls the Bush tax cuts “the biggest fiscal mistake in history”. Specifically, Stockman told … Continue reading
Most Driven Into Debt by Medical Bills HAVE Health Insurance
Most driven into debt and bankruptcy by medical bills have health insurance. For example, Reader’s Digest notes: Between 2000 and 2003, seven in ten adults who were driven into debt by medical expenses had insurance at the time. Similarly, as … Continue reading
Failing to Prosecute Wall Street Fraud Is Extending Our Economic Problems
Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky and the Wall Street Journal all say that the U.S. economy is a giant Ponzi scheme. Virtually all independent economists and financial experts say that rampant fraud was largely responsible … Continue reading
The Economy Cannot Recover Until the Big Banks Are Broken Up
A lot of people still haven’t heard that the economy cannot recover until the big banks are broken up. But virtually all independent economists and financial experts say that it is vital to break up the giant banks, including: Nobel … Continue reading
This Week in the Gulf
Here are this week’s updates on the Gulf: “We keep seeing this foam coming in just about everyday” — “They keep spraying” dispersant says Emergency Operations Center worker Feds now ignoring workers who report being sprayed by Corexit (VIDEOS) Before … Continue reading
Former Chairman of the Joint Chiefs of Staff: White House Cabinet Member Suggested Killing an American Service Man to Justify War
On Monday, former chairman of the Joint Chiefs of Staff General Hugh Shelton told told Jon Stewart that a Clinton cabinet member proposed letting Saddam kill an American pilot as a pretext for war in Iraq: http://o.aolcdn.com/videoplayer/AOL_PlayerLoader.swf (And see this; … Continue reading
I Won’t Invest Another Penny Until the Criminals Who Caused the Financial Crisis Are Safely in Jail
Here’s an idea for a bumper sticker: I Won’t Invest Another Penny Until the Criminals Who Caused the Financial Crisis Are Safely in Jail Can you imagine how much pressure would be put on the government to start real prosecutions … Continue reading
Pentagon Papers Whistleblowers Call for a New 9/11 Investigation
The main players in releasing the Pentagon Papers were Daniel Ellsberg and Senator Mike Gravel. Ellsberg is, of course, the former military analyst and famed whistleblower who smuggled the Pentagon Papers out of the Rand Corporation. Senator Gravel is … Continue reading
Zillow: U.S. Home Prices Will Lose $1.7 Trillion This Year
First Case-Shiller called a double dip in home prices. Then Roubini said that the United States “real estate market, for sure, is double dipping”, and and predicted that banks could face another $1 trillion in housing-related losses. Now Zillow is … Continue reading