The Federal Deposit Insurance Reform Act could increase the possibility of future bank failures, and thus increase federal expenditures. This expands the unconstitutional control over the financial services industry and also raises taxes on all fina
It’s not clear why a golf game is more scandalous than an afternoon spent pleading with wrinkly old parasites to accept a $1.2 trillion handout from the government (it certainly would have been cheaper).
General Motors Corp. will eliminate 30,000 manufacturing jobs and close nine North American assembly, stamping and powertrain plants by 2008 as part of an effort to get production in line with demand and return the company to profitability and long-t
Real money is international. It matters not what nation state or private party mints it. Money can come in all shapes and sizes. It has enduring value for hundreds of years. It can be put in a vault and found by anyone in the future and retains its v
Would you rather hold one thousand dollars...or two ounces of gold? It is a little like asking if we would rather have one old woman dressed for Sunday services or two young ones stark naked. Ask us something harder.
This is one of the reasons why socialism never worked, nor can it ever work. Under the banner of socialism, the pretensions of politicians have caused many decades of poverty, starvation, and even genocide, as socialist dictator after dictator purged
For all the passionate debate this bill has generated, its effect on the federal government and taxpayers are relatively minor. This bill reduces spending $50 billion over 10 years; the most recent “emergency” supplemental appropriated $82 billion d
The House of Representatives narrowly voted to trim social programs for the poor along with farm subsidies, student loans and other federal benefits as part of a $49.9-billion package of spending cuts.
The U.S. Senate boosted the borrowing authority of the government's flood insurance program to $18.5 billion from $3.5 billion to cover claims from Hurricane Katrina and other flood disasters. A House committee voted to go even further and raise
Mandatory funding for two controversial bridge projects in Alaska has been stripped from a federal spending bill. As a compromise, Alaska will still receive the money that had been set aside for the bridges to spend as it likes on transportation need
Legislation aimed at strengthening traditional corporate pensions and shoring up the deficit-ridden pension insurance agency was easily approved by the U.S. Senate with a generous exemption for struggling airlines.
President Bush's pick to succeed
Alan Greenspan at the
Federal Reserve, vowed to protect both price stability and jobs should the Senate confirm him for the job -- confronting Washington and Wall Street concerns.
Shares of Target Corp. suffered their biggest one-day drop in at least five years Tuesday after warning of weaker same-store sales, which some investors took as a warning flag for the entire retailing sector ahead of the key holiday shopping season.
The comptroller general of the United States is explaining how the nation's finances are going to hell. "We face a demographic tsunami" that "will never recede," David Walker said. The retirement of baby boomers,their Medicare
The policies of US
President George W. Bush and his administration have been destabilizing for Asia with Washington seen as a bully, according to a poll of senior foreign business executives working in the region.
President Bush's political woes are rattling the Republican-led Congress where his majority party is starting to lose control of its conservative agenda, congressional officials and political analysts say.
President Bush said on Saturday the new Medicare prescription drug benefit that begins enrollment next week was "the greatest advance" in health care for the elderly, and urged seniors to learn more about it.
Having spent the last 5 years out-pandering the Democrats by spending money to buy off various voting constituencies, congressional Republicans now find themselves forced to appeal to their unhappy conservative base by applying window dressing to the
House Republican leadership is scrambling after being unable to pass a major budget bill following defections from numerous members of their own party, RAW STORY has learned. Rank-and-file Republicans are upset at the extent of spending cuts in the b
Britain's visiting Defence Secretary John Reid met with Defense Secretary Donald Rumsfeld amid reports that the Pentagon is preparing for a possible $32 billion cut in defense spending over the next five years that could cut into major weapons pr
Discounting along with other measures led to cumulative savings for consumers of $263 billion between 1985 - 2004, or $895 dollars per person in USA, generating 210,000 jobs. "Consumers earned less in nominal dollars, but their income bought the
The Bush administration's highest priority for its remaining three years is to control US federal spending and bring down the budget deficit, US Treasury Secretary John Snow has said. He said China's decision in July to break the renminbi
With talks stalled on forming a massive free trade zone from Alaska to Argentina, Mexico's president floated a proposal: Exclude dissenting countries like Venezuela and make a smaller alliance that would still rival the European Union.
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