Free Republic 4th Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $72,417
85%  
Woo hoo!! And now less than $12.6k to go!! We can do this. Thank you all very much!!

Keyword: broke

Brevity: Headers | « Text »
  • Hillary for hire: Clinton charges $300,000 for speeches

    11/28/2014 9:46:27 AM PST · by SoFloFreeper · 19 replies
    Marketwatch ^ | 11/27/14 | Charles Passy
    .....A newly published story in the Washington Post notes that Clinton often earns $300,000 or more per speech. On top of that, the prominent Democrat places many a demand on those who want to book her, including having “room temp sparkling and still water” and “two long rectangular (chair) pillows” on hand, according to the contract negotiations the Post obtained. Clinton’s fees have surprised some who booked her, according to the Post story. When UCLA hired her to give a talk earlier this year, a university official noted that Clinton’s spouse—as in former President Bill Clinton—came cheaper. “Wow! She (gets)...
  • Archdiocese reports roughly $9 million deficit; considering bankruptcy

    11/21/2014 5:18:34 AM PST · by TurboZamboni · 36 replies
    Pioneer Press ^ | 11-20-14 | Staff
    The Archdiocese of St. Paul and Minneapolis reported a $9.1 million operating deficit for fiscal year 2014 and reiterated Thursday that it's considering filing for bankruptcy because of the potential for more lawsuits by victims of clergy sexual abuse. The archdiocese released its financial information in its newspaper, the Catholic Spirit, more than a week after it said it was cutting its central office budget by 20 percent, including 11 jobs. Archbishop John Nienstedt called the situation "disheartening" but wrote that the chancery's finances won't directly affect parishes, schools or other Catholic institutions. "I am determined to see that the...
  • Detroit's Under-Funded Fire Departments Use a Soda Can For a Fire Alarm

    09/07/2014 2:10:22 PM PDT · by DogByte6RER · 39 replies
    Gizmodo ^ | Sptember 6, 2014 | Robert Sorokanich
    Detroit's Under-Funded Fire Departments Use a Soda Can For a Fire Alarm Where absent money leaves gaps, ingenuity fills in. Nowhere is that more true than in Detroit's fire departments, where, as Detroit Free Press reporter Tresa Baldas shows us, a soda can full of jangling coins and screws alerts the Motor City's long-suffering heroes when there's an emergency. The system is brilliantly simple: A soda can full of rattling metal is balanced on top of the fire department's printer at the end of the tray. When the printer spits out an emergency alert, the paper knocks over the can....
  • For Hillary Clinton, Nothing Less Than A Gulfstream G450 Will Do

    08/17/2014 11:23:12 AM PDT · by lbryce · 25 replies
    Daily Caller ^ | August 17, 2017 | Chuck Ross
    Wherever Hillary Clinton is going, she needs at least a Gulfstream G450 to get there. The once nearly “dead broke” former First Lady now makes steep demands when she gives speeches to corporations, groups and universities, according to emails between Clinton’s agent and the University of Nevada, Las Vegas, where Clinton will earn $225,000 for a 90-minute speech in October. The school received a bit of a break from the $300,000 Clinton requested during initial negotiations, according to the Las Vegas Review-Journal, which obtained the emails that were sent last year. The correspondence showed that Clinton normally requires “round-trip transportation...
  • Americans Got $2 Trillion in Benefits from Federal Government in 2013

    08/04/2014 8:07:02 PM PDT · by Olog-hai · 38 replies
    Cybercast News Service ^ | August 4, 2014 - 4:53 PM | Ali Meyer
    The federal government paid $2,007,358,200,000 in benefits and entitlements in fiscal year 2013 from government programs, according to data from the Bureau of the Fiscal Service’s Monthly Treasury Statement. The treasury statement summarizes the financial activities of the federal government, including data on government receipts, outlays, and surplus and deficit totals. The September 2013 monthly treasury statement calculates these metrics for the entire fiscal year of 2013, which began on October 1, 2012 and ended on September 30, 2013. According to the statement, the federal government’s total outlays, otherwise known as spending, for means-tested and non-means tested government programs—not including...
  • Social Security Disability: What Happens When It Runs Out of Money?

    07/17/2014 3:05:46 PM PDT · by TurboZamboni · 39 replies
    motley fool ^ | 7-6-14 | Dan Caplinger
    Social Security helps not only retirees but also roughly 9 million of people suffering from disabilities. Unfortunately, the trust fund that covers disability payments is in even worse financial condition than the trust fund that covers retirement benefits. What will happen when the disability program's trust fund runs out? In the following video, Dan Caplinger, The Motley Fool's director of investment planning, talks about the two Social Security trust funds, noting that the latest estimates give the retirement trust fund about 20 more years before it runs out of money, but the disability trust fund is slated to be used...
  • Hillary Clinton reveals what it's like to be poor in America

    07/16/2014 7:57:58 AM PDT · by rktman · 21 replies
    thepeoplescube.com ^ | 6/9/2014 | Opiate of the People
    Hillary Clinton has served America for decades; in January 1993, she made history as she became the country's first co-president along with her husband, Bill. After her tour in the White House ended, she answered the call from her adopted state of New York and voluntarily gave up a lucrative career trading cattle futures to act as one of only two US senators from that state. In 2008, after tirelessly devoting herself to helping Barack Obama become America's best president, she looked forward to retiring to a quiet life in a small cottage somewhere. Once again her country called, pleading...
  • These Amazon reviews for Hillary Clinton’s new book are HILARIOUS

    06/12/2014 7:25:21 PM PDT · by Beave Meister · 14 replies
    Young Conservatives.com ^ | 6/12/2014 | Joshua Riddle
    Here are some of the funniest reviews for Hillary’s new book on Amazon. As of right now, the 1 star reviews have a commanding lead. Sickening: I became violently ill before finishing the first chapter and had to burn it in a bio-hazard incinerator. Dangerous stuff. Boring: The directions on shampoo were more interesting than this. I feel like the Clintons owe me 4 hours of my life back. Toilet Paper: Totally unequivocally pure unadulterated stinky no good terrible crap. I would not recommend using this as toilet paper, maybe kindling, do not waste your money.
  • ‘Mad Magazine strikes again’: Hillary’s new sitcom

    06/12/2014 6:27:37 PM PDT · by SoFloFreeper · 17 replies
    Twitchy ^ | 6/12/14
    Fresh off their parody of Obama’s Bergdahl trade, MAD took a shot at Hillary.
  • Clinton Net worth $0.6-$1.6 million in 1993

    06/10/2014 9:02:31 AM PDT · by DManA · 31 replies
    NYT Archives ^ | May 18, 1994 | STEPHEN LABATON,
    But even in the trust, they continued to hold separate accounts for the President, the First Lady and their daughter, Chelsea. Mr. Clinton's share of the blind trust was valued between $15,001 and $50,000, and Chelsea's was worth between $1,001 and $15,000. The First Lady's was put at $500,001 to $1 million.
  • That Would be the Metaphorical “Broke”

    06/10/2014 5:17:46 AM PDT · by NOBO2012 · 8 replies
    Michelle Obama's Mirror ^ | 6-10-2014 | MOTUS
    Today’s reflection: SAWYER: You’ve made five million making speeches? The president’s made more than a hundred million dollars?CLINTON: Well, you have no reason to remember, but we came out of the White House not only dead broke but in debt. We had no money when we got there, and we struggled to piece together the resources for mortgages for houses, for Chelsea’s education. You know, it was not easy. Bill has worked really hard and it’s been amazing to me. He’s worked very hard. First of all, we had to pay off all our debts. You know, you had to...
  • Post WH: Clintons Were Broke, Struggling And Eating Out Of Dumpsters

    06/09/2014 11:55:02 PM PDT · by LibWhacker · 50 replies
    Earl of Taint ^ | 6/9/14 | Earl of Taint
    “We came out of the White House not only dead broke but in debt,” Clinton told ABC’s Diane Sawyer. “We had no money when we got there and we struggled to piece together the resources for mortgages, for houses, for Chelsea’s education. It was not easy.”
  • Senators: Obama Broke the Law by Releasing ‘Taliban Dream Team’

    06/02/2014 11:53:52 AM PDT · by Nachum · 33 replies
    Free Beacon ^ | 6/2/14 | adam kredo
    Leading lawmakers on Monday called for an immediate investigation into the Obama administration’s controversial decision to release from prison five top Taliban leaders in exchange for an American prisoner that some troops have dubbed a “traitor.” Sen. Lindsay Graham (R., S.C.), in a letter to the Senate Armed Services Committee, requested that an immediate hearing be organized to examine if the Obama administration broke any laws by unilaterally releasing five top Taliban leaders in exchange for Army Sgt. Bowe Bergdahl, who spent five years in captivity. Graham and other key lawmakers charge that the White House has jeopardized U.S. national...
  • Where's my CA state tax refund? (Vanity)

    05/27/2014 3:20:25 PM PDT · by Sergio · 21 replies
    Myself | 5/27/2014 | Sergio
    Anyone having issues with their California state tax refund.
  • State of Minnesota may soon control your retirement savings

    05/15/2014 7:13:10 AM PDT · by TurboZamboni · 41 replies
    MN Freedom Foundation ^ | 5-8-14 | Jonathan Blake
    Earlier this week, House and Senate conferees agreed to final language for the Women’s Economic Security Act (WESA). While most of the attention has focused on the bill’s family and sick leave provisions, one particularly bad policy provision has attracted little attention. Specifically, WESA lays the groundwork for a “state-administered retirement savings plan” for employees in the private sector. Yes, this would essentially be a government-run retirement plan controlled by the State Board of Investment. The ramifications of such a plan could be devastating for private sector employees as well as taxpayers who would likely be on the hook for...
  • Analyst says California faces $340 billion in debt

    05/07/2014 1:36:01 PM PDT · by PoloSec · 38 replies
    Washington Examiner ^ | May 7 2014 | Washington Examiner
    California faces $340 billion in debts, or more than $8,500 for each of its 38 million residents, the nonpartisan Legislative Analyst's Office said Wednesday in recommending that the state set priorities for paying down its key long-term liabilities. The state should first address the $73.7 billion shortfall in the teachers' retirement system, a debt that could cost the state, teachers and school districts a combined $5 billion a year to resolve over 30 years. Without changes, the system serving 868,000 members is projected to run out of money by 2046.
  • Highway Trust Fund: Not Just For Highways, Out Of Money So Not A Fund, And Can't Be Trusted

    05/01/2014 3:00:19 PM PDT · by TurboZamboni · 12 replies
    Forbes ^ | 4-30-14 | Jerry Bowyer
    It has become a congressional slush fund, in which almost half the money is ladled out through the corrupt system of congressional earmarks. The next time you drive on a highway which is named after a politician, think corruption. Time to shut it down. The proceeds of the tax should be automatically remitted to state governments, or better yet, regional planning agencies. And regulatory barriers to privatization strategies should be repealed. We’re broke. We can no longer afford to be stupid.
  • Congress is giving states the transportation blues

    04/15/2014 4:26:31 PM PDT · by Olog-hai · 9 replies
    Associated Press ^ | Apr 15, 2014 7:05 PM EDT | Joan Lowy
    On the road in a tour bus this week, the U.S. transportation secretary is spreading some bad news: The government’s Highway Trust Fund is nearly broke. If allowed to run dry, that could set back or shut down projects across the country, force widespread layoffs of construction workers and delay needed repairs and improvements. Anthony Foxx kicked off an eight-state bus trip in Ohio to whip up public support for congressional approval of legislation to keep federal transportation aid flowing to states for another four years, and possibly longer. But Congress will have to act fast. The trust fund—the source...
  • San Jose homeless would get hotel and motel rooms under city plan

    02/22/2014 2:01:54 PM PST · by ProtectOurFreedom · 29 replies
    San Jose Mercury News ^ | 2/21/14 | Mike Rosenberg
    Facing a growing homeless population, San Jose is ready to try a new strategy to get people off the streets: pay to put some of them up in local hotels and motels, potentially for years. ...housing prices continue to climb and landlords become pickier about renters...100 homeless people roaming San Jose streets have publicly funded vouchers for subsidized housing but cannot find a place that will accept them. "It's just a tough place to live because of how expensive it is," said Leslye Corsiglia, the city's housing director, who called it an opportunity for homeless people "to get themselves settled...
  • De Blasio SUV broke traffic laws after safety push

    02/21/2014 10:28:34 AM PST · by chessplayer · 33 replies
    NYP ^ | Feb. 20, 2014 | By Yoav Gonen, Rebecca Harshbarger and Bruce Golding
    Mayor de Blasio’s SUV was caught on camera speeding through Queens and blowing through two stop signs Thursday — just two days after he announced a sweeping street-safety plan. The mayor — who was riding shotgun on the way back to City Hall from a pothole-filling photo op — was twice clocked going 15 mph over the speed limit by a WCBS/Channel 2 news crew. The two-car caravan also ran past two stop signs without even tapping the brakes and changed highway lanes without signaling, the CBS video shows. De Blasio’s wild ride came after his pledge to personally abide...
  • Retired and broke: Social Security and the struggle to make it last

    02/13/2014 9:40:50 AM PST · by NormsRevenge · 39 replies
    Yahoo Finance ^ | 2/13/14 | Mandi Woodruff
    Over the course of their 60-year marriage, Bernard “Bernie” Karpinkski and his wife, Violet, took few chances when it came to their retirement. “From the time we were married, we started saving,” says Bernie, 89, who lives in Pueblo, Colorado. “We lived much more conservatively than most people. We had three cars our entire lives and drove them until they had close to 200,000 miles on them before we bought another. We didn’t buy our second home until we had enough saved to pay cash.” While their friends moved into bigger homes, took vacations and put their life on plastic,...
  • Are State Exchanges Going Bankrupt?

    02/12/2014 7:33:55 AM PST · by IBD editorial writer · 18 replies
    Investor's Business Daily ^ | 02/11/2014 | IBD Staff
    Cost Curve: A little-noticed problem is fast emerging in states that decided to set up their own ObamaCare exchanges. Many of them face financial crises once the federal grant money runs out. After taking nearly $4 billion in federal grants to set up and run their exchanges this year, 14 states and the District of Columbia are supposed to be self-sufficient by next year. At least that's what the ObamaCare statute says (which these days doesn't mean much). But from the looks of it, many are heading into a fiscal brick wall.
  • Enrollment threatens exchange funding

    02/10/2014 4:53:44 AM PST · by TurboZamboni · 10 replies
    Pioneer Press ^ | 2-9-14 | Patrick Condon
    The 14 states running their own health insurance marketplaces had all their startup costs footed by the federal government, but they're supposed to pay for themselves starting next year under the new federal health care law. In several states, it's not clear whether it will work out that way. Projected enrollments are lower than expected, meaning the insurance surcharges designed to sustain the exchanges might not generate enough revenue in the years ahead without significant changes in the financing model. Officials in some states are stashing away federal grant money to continue paying for operations beyond the January 2015 target...
  • Who knows about trading penny stocks? A plea for help.

    01/12/2014 2:03:05 PM PST · by righttackle44 · 60 replies
    1/12/14 | Righttackle44
    Folks, I am a poor boy who would like to be helped and educated by someone who knows what they're doing--what they're talking about. I have been reading some, but there are a lot of basic things I don't yet understand. How much money would I need to start the whole shebang? Can you use online stock sites to purchase shares, or do you have to go through a broker? You get the picture. My friend said that me thinking about penny stock trading is like trusting Lou Costello or Jerry Lewis to assemble an H-bomb. I'm looking for advice,...
  • Why America Is Headed Toward Bankruptcy In 13 Terrifying Quotes

    01/11/2014 6:50:24 AM PST · by Kaslin · 53 replies
    Townhall.com ^ | January 11, 2014 | John Hawkins
    Like Enron, Greece, and Donald Trump before us, America is about to go bankrupt. Unfortunately, our bankruptcy will probably be more Enron and less Donald Trump because we're very unlikely to come back bigger and better in the lifetime of anyone reading this column. Instead, most Americans are probably going to experience skyrocketing taxes, spiraling inflation, widespread disorder, and a dramatically reduced standard of living. This isn’t a crisis that our great-grandchildren will have to figure out one day. To the contrary, it's entirely possible it will occur within the next decade and unless we make big changes no one...
  • Canada to phase out home mail delivery to cut big losses

    12/17/2013 12:41:41 PM PST · by TurboZamboni · 44 replies
    Rooters ^ | 12-11-13 | David Ljunggren
    Dec 11 (Reuters) - Canada's postal service will phase out urban home delivery within five years and hike the cost of postage stamps to try to stem soaring losses, the post office said on Wednesday. Canada Post, like the U.S. Postal Service, is suffering as customers switch to digital communications. In August it said it was on track to run short of cash by the middle of 2014 unless major changes were made. The government-owned corporation - which has a mandate to be self-financing - last month reported a third-quarter loss of C$109 million ($103 million) before tax and said...
  • Fla. congressman Grayson loses $18M in stock scheme

    12/09/2013 3:55:48 PM PST · by spacejunkie2001 · 68 replies
    The Guardian ^ | 12/9/13 | Matthew Barakat , Associated Press
    U.S. Rep. Alan Grayson, D-Fla., lost $18 million in a scheme that cheated him and about 120 other investors out of more than $35 million, according to court papers. The Virginia man who ran the scheme, William Dean Chapman, was sentenced Friday in federal court to 12 years in prison. Prosecutors say Chapman used the money to fund a lavish lifestyle including a Lamborghini, a Ferrari and a $3 million home.
  • State Department Buys Million Dollar Granite Sculpture from Irish-Born Artist

    12/04/2013 3:28:48 PM PST · by PreciousLiberty · 50 replies
    The Weekly Standard ^ | DEC 3, 2013 | JERYL BIER
    At the end of September, the federal government's fiscal year was drawing to a close, the threat of a shut down was increasing, and the State Department was shopping for art. Four contracts were awarded in the last two weeks of September, including $1,000,000 for a granite sculpture by Irish-born artist Sean Scully to be installed at the new U.S. Embassy in London. Notice of the awards was posted Sunday afternoon of Thanksgiving weekend on the Federal Business Opportunities website.
  • Editorial: The Illinois reckoning

    12/02/2013 2:12:53 AM PST · by Libloather · 30 replies
    **SNIP** If legislators don't take a big step to unravel this crisis — an unfunded pension obligation of $100 billion that grows by millions every day — then the state that also boasts the nation's lowest credit rating, and one of the nation's worst jobless rates, will suffer even more. As will its citizens, many of whom wish pensions didn't devour more than one-fifth of the state's operating budget — money that could help educate children, care for the sick and meet other needs. It isn't just the pension crisis that should animate legislators' decisions this week — and that...
  • Obamacare is Already Almost Broke

    11/14/2013 8:53:11 AM PST · by Kaslin · 20 replies
    Townhall.com ^ | November 14, 2013 | Political Calculations
    In 2010, the U.S. Department of Health and Human Services was set up with a slush fund of one billion dollars to support the implementation of Obamacare. If we go by the department's summary of its Fiscal Year 2014 budget proposal, it would appear to have already burned through $811 million through 30 September 2013, the end of the federal government's 2013 fiscal year: That would leave the department with just $189 million left to spend. It was planning to spend $163 million in the federal government's Fiscal Year 2014, which began on 1 October 2013. Instead, the problems that...
  • Coming Pension Meltdown: The 10 Most Troubled City Systems

    11/11/2013 4:17:31 PM PST · by Olog-hai · 43 replies
    Newsmax ^ | Monday, 11 Nov 2013 04:21 PM | Jennifer G. Hickey
    Voters in Cincinnati last week soundly defeated a ballot initiative which would have overhauled the pension system for public workers, leaving the city without a plan to deal with $872 million in unfunded liabilities. Cincinnati is not alone. Across the nation, cities and states are finding funding for basic services being crowded out of their budgets by the rising cost of retirees’ pensions and healthcare. … More and more cities, counties, and even some states will face the harsh reality of having to fix their pension systems or deal with a Detroit-style bankruptcy. …
  • Washington Sees Incomes Soar as Most of U.S. Declines

    09/20/2013 6:38:31 AM PDT · by Poundstone · 13 replies
    WSJ ^ | September 19, 2013 | Neil Shah
    American incomes have tumbled over the last decade. But for many people in Washington, D.C., it’s been something of a party. The income of the typical D.C. household rose 23.3% between 2000 and 2012 to an inflation-adjusted $66,583, according to the Census Bureau’s American Community Survey, its most comprehensive snapshot of America’s demographic, social and economic trends. During this period, median household incomes for the nation as a whole dropped 6.6% — from $55,030 to $51,371. The state of Mississippi, which had one of the biggest declines, dropped 15% to $37,095: Nearly one in three people there have an income...
  • By the way, the DNC is broke

    10/01/2013 9:56:59 AM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 10/01/2013 | Guy Benson
    This story is just perfect — particularly in light of the party’s endemic debt denialism, and the personal financial straits of its chairwoman: There’s another budget crisis in Washington, and it’s unfolding inside the Democratic party. The Democratic National Committee remains so deeply in the hole from spending in the last election that it is struggling to pay its own vendors.It is a highly unusual state of affairs for a national party — especially one that can deploy the President as its fundraiser-in-chief – and it speaks to the quiet but serious organizational problems the party has yet to address...
  • Revealed: The House GOP’s Debt-Ceiling Plan

    09/26/2013 7:27:58 AM PDT · by SeekAndFind · 29 replies
    National Review ^ | 09/26/2013 | Jonathan Strong
    Below is an outline of the GOP’s debt-ceiling bill obtained by National Review Online. The document originated from the House Appropriations Committee staff and is dated yesterday. A GOP-leadership aide says there are some differences between this and their latest summary, so take that for what it’s worth. As always with the House Republicans, it is subject to discussion from members, many of whom are quite vocal in providing their input on such plans.House leadership is planning to pass the bill as early as Saturday. The bill itself is expected to be released imminently. The outline is not a...
  • How will a government shutdown affect you? (Much quicker than global warming)

    09/24/2013 6:30:59 PM PDT · by Libloather · 8 replies
    MSN ^ | 9/24/13 | Eli Epstein
    **SNIP** SCOTUS STILL GETS PAID • Supreme Court justices and federal judges will receive paychecks no matter how long the shutdown lasts, but if it carries on for more than 10 days, federal courts will handle only "essential" work and many judicial workers will not be paid on time. FLU SEASON • While the TSA and National Security Agency would likely remain open, the Centers for Disease Control and Prevention would likely close its door as flu season begins.
  • Obama: 'Raising the Debt Ceiling...Does Not Increase Our Debt,' Though It Has 'Over 100 Times'

    09/18/2013 3:30:11 PM PDT · by george76 · 49 replies
    CNS News ^ | September 18, 2013 | Craig Bannister
    Raising the debt ceiling doesn't increase the nation's debt, Pres. Obama declared in a speech today... Obama dismissed concerns about raising the debt ceiling by noting that it'd been done so many times in the past: ... Obama went on to suggest that "the average person" mistakenly thinks that raising the debt ceiling means the U.S. is racking up more debt:
  • My Response To Yesterday's Stupidity

    09/11/2013 6:05:51 PM PDT · by Absolutely Nobama · 17 replies
    Alan Levy, Gun Owner | 9/11/13 | Alan Levy, Gun Owner
    Here's my response to Commander Zer0's verbal assault on reason that took place last night. I realize that our Dear Leader's plans to provide al-Qaeda air cover may not materialize, but keep this in mind: We have a failing dictator who's willing to start world War III to distract the country from his varied scandals and Zimbabwe-like economy. Anything is still possible with this pile of human debris in the White House. Without further ado: *** For the last couple of days, we've been exposed to an endless stream of war propaganda in support of Chairman Obama's Syrian adventure. Without...
  • California agency on road to biggest bust since Detroit

    09/11/2013 10:03:17 AM PDT · by george76 · 15 replies
    CNBC ^ | 11 Sep 2013
    The toll-road authority of Orange County, Calif., is nearing the biggest municipal default since Detroit's record bankruptcy ... The Foothill-Eastern Transportation Corridor Agency... risks default on $2.4 billion in debt, according to a consultant to the Debt and Investment Advisory Commission of California Treasurer Bill Lockyer.
  • Sheldon Adelson to President Obama: 'I Would Be Willing to Help' on Syria

    09/10/2013 8:11:57 AM PDT · by GIdget2004
    National Journal ^ | 09/10/2013 | Shane Goldmacher
    We live in the middle of a war. The war of good and evil.We have our government military doing good in the world, local churches and synagogues and various social organizations doing good. Unfortunately those same groups are part of the evil that exists. Satan and his evil spirits are roaming throughout the world seeking the ruin of souls. Does the United States have those evil spirits in Washington, D.C.? The rest of the country? From Washington, D.C. we see endorsement of murder in abortion, we see endorsement of gay "marriage," we see infidelity and lying and reckless spending, I...
  • Social Security Disability Insurance Trust Fund Nears Insolvency

    08/30/2013 5:45:24 AM PDT · by SeekAndFind · 38 replies
    Mercatus Center ^ | 08/30/2013 | VERONIQUE DE RUGY
    This week’s charts show total receipts, expenditures, and assets left in the Social Security Disability Insurance (DI) trust fund. Data from the 2013 Trustees Report show that the disability fund is currently predicted to be three years from insolvency. Under more pessimistic assumptions, the insolvency date is pushed up to 2015. The fact that the DI trust fund is not currently depleted shouldn’t mislead us into thinking we have until 2016 to deal with the shortfalls.Spending on Social Security has more than doubled in the past decade, and DI now accounts for almost 20 percent of Social Security’s budget, up...
  • San Bernardino, deemed eligible for bankruptcy, may take knife to pensions

    08/29/2013 7:38:13 AM PDT · by redreno · 37 replies
    http://www.lasvegassun.com ^ | Wednesday, Aug. 28, 2013 | By Jennifer Medina, New York Times News Service
    LOS ANGELES — A federal bankruptcy court judge granted the city of San Bernardino eligibility for bankruptcy protection Wednesday, raising the possibility that the city will propose a plan to dig itself out of debt by cutting money promised to the public pension system. The ruling by Judge Meredith Jury came despite opposition from the powerful California Public Employees’ Retirement System, more commonly known as CalPERS. San Bernardino, a working-class city of 240,000 about 60 miles east of Los Angeles, declared Chapter 9 bankruptcy last summer, saying it had effectively run out of money to pay for day-to-day operations, in...
  • Detroit Teachers Moonlight As ‘Sugar Babies’ (i.e., Paid Escorts) To Offset Wage Cuts

    08/28/2013 7:55:18 PM PDT · by DogByte6RER · 44 replies
    CBS Detroit ^ | August 28, 2013 | CBS Detroit
    Detroit Teachers Moonlight As ‘Sugar Babies’ To Offset Wage Cuts DETROIT (WWJ) - It’s back-to-school season and many Detroit teachers are struggling in the wake of budget cuts and overcrowded classrooms. According to the National School Supply and Equipment Association, the average teacher spent at least $485 on school supplies for their classroom last year. So, what are some Detroit women doing to offset their struggles in the classroom? Well, they’re becoming “sugar babies” of course — seeking financial assistance from wealthy men online. In the Detroit School District alone, 201 teachers are moonlighting as sugar babies to offset wage...
  • NSA broke privacy rules thousands of times per year, audit finds

    08/15/2013 7:51:46 PM PDT · by sheikdetailfeather · 5 replies
    The Washington Post ^ | 8/15/2013 | Barton Gellman
    The National Security Agency has broken privacy rules or overstepped its legal authority thousands of times each year since Congress granted the agency broad new powers in 2008, according to an internal audit and other top-secret documents. Most of the infractions involve unauthorized surveillance of Americans or foreign intelligence targets in the United States, both of which are restricted by statute and executive order. They range from significant violations of law to typographical errors that resulted in unintended interception of U.S. e-mails and telephone calls.
  • The Tales of Three Bankrupt Cities

    08/13/2013 7:44:30 AM PDT · by SeekAndFind · 9 replies
    National Review ^ | 08/13/2013 | Michael Barone
    In the industrial midwest, the city government of Detroit went into bankruptcy in July. Out in California, the city governments of Stockton and San Bernardino entered bankruptcy proceedings in 2012. But the Detroit and California bankruptcies, like Tolstoy’s unhappy families, are not alike. They suffer from quite different ailments. You can see the difference by comparing their populations in the 1950 and 2010 censuses. In 1950, Detroit – then the nation’s fifth-largest city – had 1,849,568 people. In 2010, it had 713,777. Stockton and San Bernardino were not much more than small towns in 1950, with 70,853 and 63,058, respectively....
  • Moody's Downgrades Chicago's Debt Rating

    07/19/2013 5:53:52 PM PDT · by george76 · 16 replies
    ap ^ | Jul 18, 2013
    Illinois' $97 billion pension problem isn't doing any favors for Chicago. Moody's Investors Service late Wednesday downgraded the city's debt rating from Aa3 to A3 because of the city's "very large and growing" pension liability.
  • WI public sector workers earn nearly $12k more than private sector

    07/10/2013 7:31:14 AM PDT · by afraidfortherepublic · 4 replies
    The Wisconsin Reporter ^ | 7-10-13 | M.D. Kittle
    MADISON – While labor unions grouse about public sector pay, a state government job is a good gig if you can get it, according to the latest income data from the U.S. Bureau of Labor Statistics. In Wisconsin, state employees earned on average $53,552 in 2012, nearly $12,000 more than their fellow workers in the private sector, based on BLS data tracked by Stateline, the news service of The Pew Charitable Trusts. The salary data was drawn from BLS’ Quarterly Census of Employment & Wages, through the fourth quarter of 2012. While Wisconsin state employees are coming off a two-year...
  • New Accounting Rules Will Force States to Admit Problems

    06/14/2013 3:00:50 PM PDT · by Kaslin · 13 replies
    Townhall.com ^ | June 14, 2013 | Mike Shedlock
    Many states, especially California and Illinois, have had severe pension underfunding problems for many years. However, new actuarial pension rules will finally force states to admit the problem. Thus, it should not be surprising that talk of "technical bankruptcy" and “service insolvency” is growing. Here are some pertinent ideas from California on the Brink: Pension Crisis About to Get Worse   Moody’s new credit standards for public pensions would nearly double the unfunded liabilities for state and local pension plans in California to $328.6 billion from $128.3 billion. California has the second lowest credit rating at Standard & Poor’s of all 50 states;...
  • Social Security Faces $9.6T in Unfunded Liabilities—$83,894 Per Household

    06/03/2013 1:06:02 PM PDT · by Olog-hai · 40 replies
    Cybercast News Service ^ | June 3, 2013 - 1:08 PM | Ryan Kierman
    The Social Security program faces $9.6 trillion in unfunded liabilities over the next 75 years, which is up $1 trillion from last year’s projection of $8.6 trillion, according to the latest report from Social Security’s board of trustees. The unfunded liability is the amount that has been promised in benefits to people now alive that will not be funded by the tax revenue the system is expected to take in to pay for those benefits. (The Social Security trustees calculate the unfunded liability for a period of 75 years into the future, from 2012 to 2087). …
  • OVERNIGHT HEALTH: Cost of exchanges doubles (HHS begging congress for more money)

    04/11/2013 1:56:06 PM PDT · by tobyhill · 20 replies
    the hill ^ | 4/10/2013 | By Sam Baker and Elise Viebeck
    Setting up insurance exchanges — the centerpiece of President Obama's healthcare reform law — is costing the Health and Human Services Department a whole lot more than it originally expected. According to budget documents released Wednesday, the department expects to spend $4.4 billion on exchange grants to the states by the end of this year — double its estimates a year ago. The HHS is also asking Congress for another $1.5 billion to set up a federal exchange in 26 states. The department has cobbled together money from other programs to get started, but officials said they need another $800...
  • ***THE OFFICIAL FRIDAY SILLINESS THREAD***

    04/05/2013 5:16:03 AM PDT · by Lucky9teen · 102 replies
    Go For Broke Day When : Always Apil 5th Are you a gambler? Then, today, is your day. It's Go For Broke Day. Today is a day to put it all on the line, and take a chance. It might be money. Or, it can be a love relationship. Perhaps, it's time to initiate a risky project, or to take a new job.Many of us go about our daily lives playing it safe, not taking big chances. If you are of a conservative ilk, you may have never gone out on a limb, or taken big risks. If this...