Keyword: billion

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  • Clinton “Largest unprosecuted charity fraud ever attempted" Cumulative May Exceed $100 BILLION

    09/16/2016 6:11:01 PM PDT · by Enlightened1 · 34 replies
    Charles Ortel ^ | Charles Ortel
    Charles Ortel bio, B.A. from Yale, MBA from Harvard Business School. He previously worked as a Managing Director at investment bank Dillon Read and later as a Managing Director at the financial research firm, Newport Value Partners. In a 9-page letter dated yesterday and posted to his blog, Ortel calls the Clintons’ charity the “largest unprosecuted charity fraud ever attempted,” adding for good measure that the Clinton Foundation is part of an “international charity fraud network whose entire cumulative scale (counting inflows and outflows) approaches and may even exceed $100 billion, measured from 1997 forward.” Ortel lists 40 potential areas...
  • Cuomo fundraiser guest list: Embattled lobbyist, COR execs, Joanie Mahoney

    05/19/2016 4:36:17 AM PDT · by Behind Liberal Lines · 4 replies
    Post Standard, Syracuse NY ^ | May 19, 2016 at 6:56 AM | By Mike McAndrew | mmcandrew@syracuse.com
    The guest list at Gov. Andrew Cuomo's fundraiser six months ago at a private club in Albany reads like a who's who in prosecutor Preet Bharara's investigation of Cuomo's Upstate economic development projects. WOH Government Solutions, the firm that lobbyist Todd Howe ran, provided an in-kind contribution to Cuomo's campaign by paying $913 to the Fort Orange Club, where the fundraiser was held the evening of Dec. 14. Howe, Cuomo's then-deputy secretary Joseph Percoco and executives of COR Development were also at Cuomo's private fundraiser. A COR subsidiary and COR executives gave Cuomo $25,000 in checks about a month after...
  • German government plans to spend 93.6 billion euros on refugees by end 2020: Spiegel

    05/14/2016 3:42:25 PM PDT · by StCloudMoose · 21 replies
    reuters ^ | 5/14/16
    Germany's government expects to spend around 93.6 billion euros by the end of 2020 on costs related to the refugee crisis, a magazine said on Saturday, citing a draft from the federal finance ministry for negotiations with the country's 16 states. The figure is likely to stoke concerns, particularly among growing anti-immigration movements, on the impact of new arrivals on Europe's largest economy which took in more than a million people last year, many from Syria and other war zones. The numbers arriving have fallen this year, helped by a deal between the European Union and Turkey that was designed...
  • Pelosi: Iranians May Do Bad Things With The $150 Billion They Got Out Of The Nuke Deal [VIDEO]

    01/14/2016 1:14:23 AM PST · by Libloather · 24 replies
    Daily Caller ^ | 1/13/16 | Steve Guest
    Nancy Pelosi acknowledges the Iranians may do bad things with the $150 billion dollars set to be returned to the regime as part of the Iranian nuclear deal negotiated by the Obama Administration. Appearing on CNN's "New Day" on Wednesday, Pelosi even said the Iranians "have been doing bad things with the money that they have but the fact is the biggest threat to all of us is that Iran would have a nuclear weapon."
  • Chinese company to buy Texas oil fields in $1.3 billion deal

    10/28/2015 2:39:28 PM PDT · by Enlightened1 · 7 replies
    CNN Money ^ | 10/26/15 | Sophia Yan
    A Chinese investment firm is shelling out $1.3 billion to buy giant oil fields in Texas, reflecting growing interest from China in U.S. energy resources. Yantai Xinchao will acquire oil assets in the western Texas Permian Basin that are currently owned by Tall City Exploration and Plymouth Petroleum. The deal is part of a larger transaction between Yantai Xinchao and a second Chinese firm, according to a stock exchange filing on Saturday. The purchase, which includes oil fields in the state's Howard and Borden counties, has already been approved by the U.S. Committee on Foreign Investment, the filing said. Many...
  • Trump says he will spend $1 billion on campaign if necessary

    08/15/2015 12:07:06 PM PDT · by markomalley · 52 replies
    Washington Examiner ^ | 8/15/15 | Joseph Lawler
    Billionaire and Republican candidate Donald Trump said Saturday that he would spend $1 billion on his presidential campaign, if necessary, to win the White House. Asked by a reporter at the Iowa State Fair if he would spend that sum on his campaign, Trump replied "Yes ... if I had to." Trump afterward ended the short press conference to take children at the fair aboard his helicopter. The brash candidate, who leads Republicans in recent polls, said that a budget for his campaign was "irrelevant." "I make 400 million a year so what difference does it make," Trump said. Instead...
  • Trump campaign sets his personal fortune at $10 billion

    07/15/2015 12:46:26 PM PDT · by xzins · 135 replies
    Yahoo/AP ^ | 15 Jul 15 | JEFF HORWITZ
    Republican presidential candidate Donald Trump unveiled new documents Wednesday setting his personal fortune at more than $10 billion and an annual income of more than $362 million. The businessman says he filed his personal financial disclosure with federal regulators Wednesday afternoon, The $10 billion figure — up nearly 15 percent since the previous year, by Trump's calculation, would make Trump the wealthiest person ever to run for president. Trump's campaign says the federal forms are "not designed for a man of Mr. Trump's massive wealth."
  • CBO: Repealing ObamaCare would cost $137 billion

    06/20/2015 12:23:53 AM PDT · by Libloather · 54 replies
    CBS News ^ | 6/19/15 | Kate Gibson
    With the U.S. Supreme Court set to rule on a key element of the Affordable Care Act (ACA), the Congressional Budget Office (CBO) has estimated the financial impact of repealing the health law on the economy. Striking down Obamacare, as the federal insurance program is called, would increase the nation's budget deficit by a net $137 billion over a 10-year period, according to the nonpartisan CBO, which analyzes budgetary and economic issues on behalf of lawmakers. The total budget gap between 2016 and 2025 would rise by $353 billion as a result of eliminating Obamacare, according to the CBO, which...
  • Pentagon Paid NFL $5.4 Million for Events Honoring Troops (NFL revenues near $10 billion)

    05/12/2015 6:47:23 PM PDT · by Libloather · 18 replies
    Free Beacon ^ | 5/12/15 | Elizabeth Harrington
    Sen. Jeff Flake (R., Ariz.) is questioning why taxpayers had to subsidize NFL events honoring America’s troops. The Pentagon gave the NFL, which has revenues of nearly $10 billion, $5.4 million between 2011 and 2014 for pregame and halftime events that appeared to be put on by the football teams themselves. The Hill reports: “It is troubling to learn that taxpayer funds are being used to compensate these teams for honoring and recognizing U.S. military service members,” Flake said Monday to Defense Secretary Ashton Carter and Chief of the National Guard Bureau Gen. Frank Grass.
  • Sen. Flake Cosponsors Legislation to Eliminate Corn Ethanol Mandate

    03/18/2015 3:39:38 PM PDT · by ObamahatesPACoal · 42 replies
    Senator Flake ^ | Dec 12 2013
    United States Sen. Jeff Flake (R-AZ), today joined Sens. Tom Coburn (R-OK), Dianne Feinstein (D-CA) and seven other cosponsors to introduce The Corn Ethanol Mandate Elimination Act of 2013. The bill eliminates the corn ethanol mandate within the Renewable Fuel Standard (RFS), which requires a yearly increase in the amount of renewable fuel that must be blended into the total volume of gasoline refined and consumed in the United States. The RFS, which was first enacted in 2005 and then expanded in 2007, requires refiners and blenders to use 16.55 billion gallons of renewable fuel in 2013. "In 2005, Congress...
  • Apple just made $18 billion in 90 days, more than 435 firms in the S&P 500 in total

    01/27/2015 2:58:24 PM PST · by alexmark1917 · 28 replies
    INVESTMENT WATCH BLOG ^ | Worker Ant #11
    Apple just made $18 billion in 90 days, more than 435 firms in the S&P 500 each made – in total – since 2009 Submitted by WorkerAnt#11, on January 27th, 2015 Share0 Tweet0 0 Share0 Apple shares rose 45% over the past 12 months and grew 15% since $AAPL introduced the iPhone 6 NEW YORK (MarketWatch) — Apple Inc. is set to report first-quarter earnings after the market closes on Tuesday. The Cupertino-based company has continued to impress Wall Street with stronger-than-expected sales of its higher-margin iPhone 6 Plus. Quarterly earnings per share and revenue estimates have risen an average...
  • IRS Gave $14.5 Billion in Low-Income Tax Credits to the Wrong People

    12/13/2014 2:39:00 PM PST · by Libloather · 23 replies
    MSN ^ | 12/12/14 | Brianna Ehley
    The federal watchdog tasked with keeping tabs on the Internal Revenue Service says the agency needs to do a better job of administering tax credits for low-income people. The reason? Billions of dollars each year are ending up in the wrong hands. A new report from the Treasury Inspector General for Tax Administration, reveals that nearly a quarter of the $63 billion worth of Earned Income Tax Credits distributed in 2012 were improper payments. That’s about $14.5 billion in erroneous payments that were either given to the wrong people or distributed to the right people in the wrong amount. TIGTA...
  • It’s Laughable How Much Cheaper It Would Be to Send Illegals Back Than Approve Obama’s $3.8 Bil

    07/10/2014 6:14:39 PM PDT · by Libloather · 11 replies
    IJ Review ^ | 7/09/14 | Kevin Boyd
    Former Congressman Ernest Istook (R-Oklahoma) has a plan to deal with tens of thousands of illegal immigrants who have arrived on the southern border in recent weeks: Fly them home. More importantly, he said this can be achieved for 99.5% less than the $3.8 billion that President Barack Obama is asking for to house 30,000 illegal aliens for a year. From his column in The Washington Times: At the unofficial reported cost of $250 per person per day, President Barack Obama is proposing we spend $1.8 billion “to provide appropriate care for unaccompanied children.” That works out to 19,726 minors...
  • Dems want immediate border action ($3.7 billion takes care of everything)

    07/09/2014 4:26:41 PM PDT · by Libloather · 28 replies
    The Hill ^ | 7/09/14 | Mike Lillis
    House Democratic leaders are amplifying their calls for Republicans to take immediate action on President Obama's request for emergency funds on the southern border. Rep. Xavier Becerra (Calif.), chairman of the House Democratic Caucus, emerged from a closed-door meeting of the group on Wednesday to say there's “a general consensus” that Congress should pass Obama's $3.7 billion package immediately. “There's generally a sense that we need to act,” Becerra said, “and so we should try to act as quickly as we can.” Rep. Sheila Jackson Lee, a Texas Democrat who recently visited the border, described dismal conditions among the young...
  • US Postal Service loses $1.9 billion in last quarter

    05/11/2014 2:55:30 AM PDT · by Libloather · 42 replies
    PressTV ^ | 5/10/14
    The US Postal Service announced Friday that it lost $1.9 billion over its most recent quarter, despite bringing in more revenue during that three-month span. The red ink means the cash-strapped agency has now lost money in 20 of the last 22 quarters. In all, the agency lost some $2.2 billion in the first six months of fiscal 2014, through March 31. Postal officials again cited the losses to press lawmakers to enact a comprehensive overhaul of the agency, which has now lost more than $23 billion over the last two and a half years.
  • Still Soft after Half a Billion Years?

    05/06/2014 7:42:36 AM PDT · by fishtank · 24 replies
    Institute for Creation Research ^ | 5-3-14 | Brian Thomas
    Still Soft after Half a Billion Years? by Brian Thomas, M.S. * Original soft tissue fossils are revolutionizing our understanding of how and when fossils formed. Secular researchers have described dozens of them over the years, from mummified skin and hemoglobin to dried up retinas—all in rock layers designated at least tens of millions of years old.1 The science of tissue decay does not permit these long ages, calling into question the "age" of the most recent discovery: original, pliable, marine worm tube tissue found in Pre-Cambrian fossils. ...more at link
  • Deep freeze puts $5 billion chill on economy

    01/08/2014 2:39:52 AM PST · by Libloather · 23 replies
    NBC News ^ | 1/07/14 | Steve James
    The record cold spell that has half the country in the deep freeze could cost the U.S. economy up to $5 billion. That's because millions of Americans haven't been able to drive to work, fly or take a train to business meetings or vacations, go to the shopping mall or take the kids out for a movie and a meal. And they may also have to pay more just to keep warm.
  • Federal workers owe $3.5 billion in back taxes

    03/08/2013 6:02:35 PM PST · by Libloather · 9 replies
    MSN ^ | 3/08/13 | STEPHEN OHLEMACHER
    WASHINGTON (AP) - The number of federal workers and retirees who owed delinquent income taxes jumped by nearly 12 percent in 2011, the Internal Revenue Service said Friday. Nearly 312,000 federal workers and retirees owed more than $3.5 billion in back taxes as of Sept. 30, 2011, the agency said. The year before, about 279,000 workers and retirees owed $3.4 billion. Overall, the 9.8 million workers included in the data had a delinquency rate of 3.2 percent. That's better than the general public. The IRS says the delinquency rate for the general public was 8.2 percent.
  • Big bucks for bikes? [San Francisco; as much as $500 million over five years]

    01/29/2013 7:27:02 AM PST · by Lonely Bull · 16 replies
    www.sfgate.com ^ | Jan 28 [2013] | Michael Cabanatuan
    It’s no secret that San Francisco hasn’t invested much money in bicycling improvements — almost nothing until the past couple of years. But even those relatively small investments have led to a surge in the number of commuters riding their bikes in San Francisco. Over the past decade the number of trips being taken by bicycle have increased by 71 percent. Now, bike advocates — and the Municipal Transportation Agency — would like to see what happens if they put some real money — perhaps as much as half a billion over the next five years — behind biking.
  • New public funds for Aces Ballpark in Reno?

    10/21/2012 10:00:58 AM PDT · by redreno · 2 replies
    RGJ | 10/21/12 | Brian Duggan
    http://www.rgj.com/article/20121021/NEWS/310210048/1459/news?utm_source=dlvr.it&utm_medium=twitter
  • San Bernardino, California, files for bankruptcy with over $1 billion in debts

    08/01/2012 8:47:11 PM PDT · by tcrlaf · 59 replies
    Rueters ^ | 8-1-12 | Tim Reid
    San Bernardino filed for bankruptcy protection on Wednesday citing more than $1 billion of debts and making it the third California city to seek protection from creditors. The city of about 210,000 residents 65 miles east of Los Angeles declared a fiscal crisis last month after a report said local government had tapped out its reserves and projected spending would top revenue by $45 million in the fiscal year that began on July 1. The filing, made in the United States Bankruptcy Court, Central California District, states that the city has "more than $1 billion" in liabilities, and estimated that...
  • Krugman: ‘We’re Talking As if a Billion Dollars Was a Lot of Money’ (video)

    06/03/2012 11:08:43 AM PDT · by Nachum · 16 replies
    Breitbart ^ | 6/3/12 | staff
    Liberal economist and Obama apologist Paul Krugman appeared on ABC's "This Week"
  • CBO: $777 billion deficit for first six months of fiscal year (Friday news dump)

    04/07/2012 5:40:31 PM PDT · by Libloather · 16 replies
    The Hill ^ | 4/06/12 | Bernie Becker
    CBO: $777 billion deficit for first six months of fiscal yearBy Bernie Becker - 04/06/12 12:44 PM ET The federal government racked up a deficit of $777 billion in the first half of fiscal 2012, the Congressional Budget Office said in an estimate released Friday. The shortfall is the latest sign that the government is well on its way to compiling at least a $1 trillion deficit for the fourth consecutive year. But as CBO noted on Friday, the deficit is also a $53 billion reduction from the same period in fiscal 2011. The budget scorekeeper said that most of...
  • Senate plans swift action on long-delayed transportation bill ($112 billion)

    12/29/2011 5:37:43 PM PST · by Libloather · 8 replies
    The Hill ^ | 12/29/11 | Alexander Bolton
    Senate plans swift action on long-delayed transportation billBy Alexander Bolton - 12/29/11 02:14 PM ET Senate Democrats expect to pass a long-delayed surface transportation bill soon after they return to Washington next month. Sen. Barbara Boxer (D-Calif.), chairwoman of the Environment and Public Works Committee, said her colleagues have identified a list of offsets that could be used cover the final $12 billion of the bill’s cost. Shortly before Congress left town for the holidays, Boxer told The Hill that Senate Finance Committee Chairman Max Baucus (D-Mont.) had put together a variety of proposals to push the legislation over the...
  • MF Global trustee says $1.2 billion missing

    The trustee overseeing the wind-down of MF Global Holdings Ltd.'s brokerage said Monday that more than $1.2 billion in customer funds could be missing from the failed firm, more than double the original estimate of missing cash. Trustee James W. Giddens also added in a statement that he does not have access to funds beyond $1.6 billion already on hand and is "very close to exhausting the funds under his control." Giddens said restoring customer accounts to 60 percent of their value -- a previously announced goal -- would require as much as $1.6 billion. That next step still requires...
  • Insight: Anger rises as MF Global clients see billions frozen

    11/20/2011 3:58:47 PM PST · by Libloather · 20 replies
    IB Times ^ | 11/20/11 | David Sheppard and Jeanine Prezioso
    Insight: Anger rises as MF Global clients see billions frozenBy David Sheppard and Jeanine Prezioso November 20, 2011 3:28 PM EST **SNIP** MOUNTING ANGER While customers were initially outraged at the thought that MF Global had tapped into their segregated funds, that rage has increasingly been targeted at the trustee and the bankruptcy court for the handling of an unprecedented collapse. "The (bankruptcy) Trustee is creating new protected classes within a pool of segregated customer assets," said John Roe, a spokesman for the Commodity Customer Coalition, a group lobbying for the speedy release of funds representing 7,000 former MF Global...
  • 7 Billionth Baby Born on Planet Earth!

    11/11/2011 2:35:29 PM PST · by geraldmcg · 10 replies
    Faith Issues ^ | 11-11-11 | Jerry McGlothlin
    This FaithIssues video shows the exponential population growth of human beings from a biblical perspective. The bible says in the book of Daniel that in the last days man will travel to and fro and knowledge will increase. And along with that has been a huge population increase. Enjoy this video and share it with your friends. Thank you. Faith Issues Link to video: http://www.youtu.be/KlNYwsAQYzQ
  • Who made a billion dollars on 10/1 bet that U.S. credit rating would be downgraded?

    08/08/2011 9:44:10 AM PDT · by Nachum · 9 replies
    Daily Mail ^ | 8/8/11 | Mark Duell
    A mystery investor or hedge fund reportedly made a bet of almost $1billion at odds of 10/1 last month that the U.S. would lose its AAA credit rating. Now questions are being asked of whether the trader had inside information before placing the $850million bet in the futures market. There are mounting rumours that investor George Soros, 80, famously known as ‘the man who broke the Bank of England’, could be involved. He made more than $1billion on currency speculation when the British pound left the Exchange Rate Mechanism on Black Wednesday in 1992.
  • Senators: The cost of FAA shutdown could exceed $1 billion if unless action taken this week

    08/02/2011 5:30:24 AM PDT · by Libloather · 18 replies
    Senators: The cost of FAA shutdown could exceed $1 billion if unless action taken this weekBy Associated Press, Updated: Tuesday, August 2, 3:33 AM WASHINGTON — The congressional standoff that has partially shut down the Federal Aviation Administration has some curious math. Lawmakers risk losing more than $1 billion in revenue from uncollected airline ticket taxes in a quarrel between Senate Democrats and House Republicans who are demanding a $16.5 million cut in rural air service subsidies. The shutdown is less than two weeks old and already the government has lost more than $250 million in revenue because airlines’ authority...
  • Debt deal: $32.4 billion per page

    08/01/2011 1:25:52 PM PDT · by Nachum · 12 replies
    Washington Times ^ | 8/1/11 | Stephen Dinan
    The debt framework President Obama and congressional leaders reached Sunday night runs 74 pages long, and could authorize as much as $2.4 trillion in new debt — or $32.4 billion per page. That debt increase will get the country through the 2012 election, both sides said, but it does not bring to an end the sea of red ink that will continue to wash over the federal government for the foreseeable future. In the near term, the bill sets budget numbers for 2012 that would require a real cut of $7 billion in discretionary spending from 2011 levels, though that’s...
  • Spacecraft's billion-pixel camera to spot 10 new planets per day

    07/08/2011 2:40:12 AM PDT · by LibWhacker · 22 replies
    DVICE ^ | 7/6/11 | Evan Ackerman
    In 2013, the European Space Agency will launch the Gaia spacecraft. Its billion-pixel imaging sensor will be among the largest digital cameras ever to exist, and over the course of its mission, it's estimated that Gaia will detect 15,000 new alien planets. Gaia's gigantic sensor is comprised of 106 separate CCD detectors, mosaiced together to form a monster camera over three feet wide. The resulting imaging system is so powerful that it will be able to precisely measure the width of a hair from over 600 miles away, and from here on Earth, it could spot a dime on the...
  • Report: $6 billion missing in Iraq may have been stolen (U.S. sent cash - Iraq now wants it back)

    06/14/2011 7:33:17 AM PDT · by Libloather · 34 replies
    CBS News ^ | 6/14/11 | Tucker Reals
    Report: $6B missing in Iraq may have been stolenBy Tucker Reals June 14, 2011 7:35 AM The man Congress put in charge of auditing the billions of dollars dumped on Iraq after Saddam Hussein was toppled has told the Los Angels Times he can't rule out the possibility that $6.6 billion in cash sent from the U.S. was stolen. Special inspector general for Iraq reconstruction Stuart Bowen told the Times the missing money may represent "the largest theft of funds in national history." It was not, it is crucial to note here, U.S. tax-payer dollars which have gone missing in...
  • Studies: Missed meds waste billions ($258 to $290 BILLION a year)

    05/29/2011 5:58:26 AM PDT · by Libloather · 22 replies · 1+ views
    UPI ^ | 5/27/11
    Studies: Missed meds waste billionsPublished: May 27, 2011 at 11:02 AM WASHINGTON, May 27 (UPI) -- Studies say Americans who don't take prescribed medications waste billions annually because the missed doses lead to emergency room visits and hospitalizations. A study by Express Scripts, an independent prescription- filling company, says the problem costs $258 billion a year, while a second study by CVS Caremark, Harvard University and Brigham and Women's Hospital put the figure at $290 billion, USA Today reported Friday. **SNIP** "Drugs don't work if you don't take them, and people often don't take them the way they're supposed to,"...
  • Obama’s $5 billion weatherizing program wastes stimulus funds, auditors find

    04/14/2011 2:52:24 PM PDT · by Nachum · 10 replies
    The Daily Caller ^ | 4/14/11 | Stephen Clark- Fox News
    President Obama’s $5 billion stimulus injection into a decades-old program to help lower energy bills for millions of low-income families by retrofitting their homes to improve efficiency has been plagued by cases of mismanagement, waste and fraud in several states. The most dramatic example can be found in Delaware, where “gross mismanagement and potential fraudulent activity” that federal auditors found last year could affect hundreds of homes, a senior administration official told FoxNews.com. The subsequent repairs and inspections reportedly will cost the state a significant chunk of the $7.5 million remaining from $13.7 million of stimulus it received in 2009.
  • Budget deficit hits record $222.5 billion in February

    03/10/2011 11:27:50 AM PST · by NormsRevenge · 9 replies
    Yahoo ^ | 3/10/11 | David Lawder - Reuters
    WASHINGTON (Reuters) – The government posted a record monthly budget deficit of $222.5 billion in February as spending growth outstripped revenue gains that were crimped by tax cuts enacted late last year, the Treasury Department reported on Thursday. The budget gap for February -- typically a large deficit month -- beat the previous record of $220.91 billion set in February 2010. But it came in under the consensus forecast of a $227.5 billion gap from analysts polled by Reuters.
  • CBO: Democrats’ “$6.5 Billion” in Spending Cuts Actually $4.7 Billion

    03/09/2011 2:36:39 AM PST · by Libloather · 9 replies
    ABC News ^ | 3/08/11 | Jake Tapper and Matthew Jaffe
    CBO: Democrats’ “$6.5 Billion” in Spending Cuts Actually $4.7 BillionMarch 08, 2011 5:47 PM Jake Tapper and Matthew Jaffe report: The Congressional Budget Office this week said that the Senate Democrats’ bill offers $4.7 billion in spending cuts -- not the $6.5 billion that President Obama and congressional Democrats said. After last week’s meeting on Capitol Hill among congressional leaders and Vice President Biden, Senate Democrats wrote legislation and gave it to CBO to be analyzed. CBO put the cuts at $4.7 billion. The bottom line: Democrats and Republicans are roughly $52 billion apart in the cuts they want to...
  • Illegals Cost Taxpayers $113 Billiona Year: Why Does No One Care?

    02/15/2011 3:06:49 PM PST · by Nachum · 35 replies
    Canada Free Press ^ | 2/15/11 | John Lillpop
    President Obama dumped a real dilly on Congress for Valentine’s Day. That being a $3.73 trillion dollar budget that actually increases the deficit in 2012, but which attacks the problem with tax increases later on. Tax increases? During a recession? Obama’s proposal confirms that the president remains stuck in the quagmire of a “learning curve” gone amuck. It also proves that his short-term memory is wonky as well. Does the date November 2, 2010 mean anything to you, Sir? What about the word “shellacking” ? Ring any bells?
  • Illinois's Plan To 'Balance' The Budget: Borrow $15 Billion And Ignore $185 Billion Hole

    12/29/2010 8:08:36 PM PST · by Libloather · 9 replies · 2+ views
    Business Insider ^ | 12/29/10 | Mike "Mish" Shedlock
    Illinois's Plan To 'Balance' The Budget: Borrow $15 Billion And Ignore $185 Billion HoleMike "Mish" Shedlock, Global Economic Trend Analysis Dec. 29, 2010, 5:29 AM The state of Illinois elected a Keynesian nutcase of epic magnitude in Governor Quinn. Quinn's latest brainstorm is to borrow $15 billion to "stabilize things". Quinn has not said how he will pay back the loans. Then again, he does want to raise taxes like mad and probably will do so. Regardless of what he does, Quinn is so beholden to unions, Illinois will need to borrow again 12 months from now. Please consider Quinn...
  • Unemployment sets record in Washington (half-million residents collect $4.7 billion in benefits)

    12/24/2010 4:57:20 PM PST · by Libloather · 21 replies
    Seattle PI ^ | 12/22/10 | SCOTT SUNDE
    Unemployment sets record in WashingtonBy SCOTT SUNDE SEATTLEPI.COM STAFF Wednesday, December 22, 2010 / Last updated 9:55 p.m. PT So much for holiday cheer. By next week, more than a half-million residents in the state will have collected almost $4.7 billion in unemployment benefits. Both numbers are records. "This has been another demanding year for Employment Security, but even more challenging for those who still can't find a job after months and months of looking," said Joel Sacks, deputy commissioner of the Employment Security Department, in a news release. There is little good news in the year-end statistics. In February,...
  • Retiree Care to Cost City $4.4 Billion (San Francisco has set aside $9.7 million to cover costs)

    12/20/2010 12:55:08 PM PST · by Libloather · 31 replies · 1+ views
    NY Times ^ | 12/16/10 | ELIZABETH LESLY STEVENS
    Retiree Care to Cost City $4.4 BillionBy ELIZABETH LESLY STEVENS Published: December 16, 2010 After months of delays, the San Francisco controller’s office announced Thursday that it expected the city to pay $4.4 billion to provide municipal retirees and their dependents with lifetime health benefits. The city has set aside $9.7 million to cover the costs. The estimate of San Francisco’s unmet health care liability has been closely watched by ratings agencies, labor unions and other groups concerned about the city’s long-term finances. Moody’s Investors Service downgraded San Francisco’s debt rating in November, citing the enormous retiree health-care obligations, among...
  • First lady's school lunch plan will cost $4.5 billion

    11/15/2010 8:28:07 AM PST · by Nachum · 49 replies · 1+ views
    fortwane.com ^ | 11/15/10 | editor
    The question is — be honest — where will the money come from? Government is chock-full of programs many people view as worthwhile — until the cost is added up. Then, many taxpayers decide priorities need to be set. That is why liberals in government have become adept at concealing the cost of social programs. One example is currently in the news. First lady Michelle Obama insists that healthier foods should be served in public school lunches. That will require a new $4.5 billion program, say the program's proponents. The federally funded school-lunch program feeds 31 million low-income American children...
  • Student Loan Debt ($830 BILLION) Overtakes Credit Card Debt ($825 BILLION)

    08/20/2010 8:37:55 PM PDT · by Libloather · 36 replies
    Fox Providence ^ | 8/17/10 | Peter Kerwin
    Student loans overtakes credit debtBy Peter Kerwin of RIHEAA Updated: Tuesday, 17 Aug 2010, 10:11 AM EDT (FOX Providence) - A surprising series of reports from the Federal Reserve Bank and an expert who tracks student loan debt suggest came out last week. These reports suggest that for the first time, student loan debt in the United States is actually greater than credit card debt. Here to talk about this development and what it means for students is Peter Kerwin from the Rhode Island Higher Education Assistance Authority . We’ve heard a lot of talk about the staggering levels of...
  • Calif. Democrats propose nearly $5B in new taxes

    05/24/2010 7:56:40 PM PDT · by artichokegrower · 24 replies · 728+ views
    San Francisco Chronicle ^ | May 24, 2010 | JUDY LIN
    Democrats in the state Senate on Monday countered Gov. Arnold Schwarzenegger's proposed budget cuts with a plan to raise taxes by nearly $5 billion, largely by extending temporary taxes and delaying corporate tax breaks for two years.
  • Calif. Democrats propose nearly $5B in new taxes

    05/24/2010 7:24:36 PM PDT · by Free ThinkerNY · 19 replies · 705+ views
    Associated Press ^ | May 24, 2010 | JUDY LIN
    SACRAMENTO, Calif. (AP) -- Democrats in the state Senate on Monday countered Gov. Arnold Schwarzenegger's proposed budget cuts with a plan to raise taxes by nearly $5 billion, largely by extending temporary taxes and delaying corporate tax breaks for two years.
  • Black farmers call on Congress to pay racial bias settlement (Demand $1 Billion of "Obama" Money)

    04/22/2010 3:31:15 AM PDT · by SkyPilot · 27 replies · 1,081+ views
    CNN ^ | 22 Apr 10 | By the CNN Wire Staff
    (CNN) -- African-American farmers hoping for government settlement money in a racial bias case met with lawmakers Wednesday and called on Congress to come up with a way to fund the $1 billion deal. Ralph Paige, director of a Southern family farmer nonprofit, says the settlement is about much more than money. A March 31 deadline to appropriate the funds has passed, and farmers now may withdraw from the settlement and pursue independent litigation against the government. Congress now has a target date of the end of May to come up with a plan. "We spend a billion dollars on...
  • Nearly $700 Billion in New Taxes and No Congressional Budget

    04/16/2010 9:47:57 AM PDT · by Nachum · 4 replies · 517+ views
    human events ^ | 4/16/10 | Connie Hair
    Rep. Dave Camp (R-Mich.), top Republican on the House Ways & Means Committee has released a handy new chart (.pdf) outlining the nearly $700 billion in new taxes enacted by Democrats this Congress. The chart details the "gross tax increases equate to more than $2,100 for every man, woman and child in the United States and include at least 14 violations of the President’s pledge not to raise taxes on Americans earning less than $200,000 (singles) and $250,000 (married couples)." “The agenda coming out of the Administration and Democrats in Congress is clear -- they want to tax more in...
  • CBO: Deficit Is $714 Billion for First Half of 2010

    04/08/2010 5:10:40 PM PDT · by Behind Liberal Lines · 13 replies · 804+ views
    American Spectator ^ | 4.8.10 @ 11:52AM | By Philip Klein
    The Congressional Budget Office reports that the federal deficit for the first six months of fiscal year 2010 is $714 billion,
  • TAXES - Real World Some Numbers to Think About

    01/03/2010 11:35:33 AM PST · by pantherskincreek · 4 replies · 750+ views
    Unknown
    The politicians want us to think nothing of a billion dollars, in fact we say it so fast and so often it does not sound like much..... How many zeros in a billion??? This is too true to be funny. The next time you hear a politician use the word 'billion' in a casual manner, think about whether you want the 'politicians'spending YOUR tax money. A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of it's releases. A. A billion seconds ago it was...
  • Hollywood poised for record-breaking year at the box office (Best ever $9.682 BILLION)

    12/10/2009 5:24:56 PM PST · by Libloather · 54 replies · 1,582+ views
    NY Daily News ^ | 12/10/09 | Amy Eisinger
    Hollywood poised for record-breaking year at the box office; 2009 set to best 2007's record intakeBy Amy Eisinger DAILY NEWS STAFF WRITER Thursday, December 10th 2009, 3:26 PM The Hollywood box office is having its best year in history, reports Hollywood.com Box Office. This week the box office grand total for 2009 is expected to hit $9.682 billion -- surpassing previous record holder 2007, when the tally was $9.68 billion. With potential top-grossing holiday films still to come, Hollywood is bracing for their first $10 billion year ever. Movies that are still on the way this year include James Cameron's...
  • A $4 billion bailout for the Postal Service?

    09/24/2009 10:54:09 AM PDT · by MaestroLC · 1 replies · 621+ views
    Politico ^ | September 24, 2009 | By DAVID ROGERS
    Democrats moved Thursday to give special relief to the financially strapped Postal Service, which would be allowed to defer $4 billion in payments due at the end of this month to cover retirement benefits for its employees. Republicans protested the bailout but made no significant effort to block the provision, which has now been attached to a stop-gap spending bill slated to come before the House and Senate in the next week. Proponents of the language argued that the House has previously endorsed equivalent relief for the Postal Service, which faces a $5.4 billion payment to the retirement fund at...