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Keyword: debts

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  • Washington Post: Could This Major (League) Scandal Sink Kavanaugh Nomination? (Credit Card debts)

    07/12/2018 1:38:56 PM PDT · by SeekAndFind · 52 replies
    Hotair ^ | 07/12/2018 | Ed Morrissey
    Or did someone throw the Washington Post a curveball? The White House released Brett Kavanaugh’s financial records yesterday as part of their disclosures for his eventual confirmation hearing, and the Post may have thought they’d found a diamond in the rough. Kavanaugh ran up some substantial credit-card debt, a potential hanging slider over the partisan plate. That is, until they found out what the charges were.Can we call this a swing and a miss? Supreme Court nominee Brett M. Kavanaugh incurred tens of thousands of dollars of credit card debt buying baseball tickets over the past decade and at...
  • Why Are States So Strapped for Cash? There Are Two Big Reasons

    03/29/2018 12:37:10 AM PDT · by qaz123 · 25 replies
    WSJ | 28Mar18 | Cezary Podkul & Heather Gillers
    The only speaker standing between state budget officers and the opening cocktail hour at a Washington conference was the U.S. Secretary of Health and Human Services. What he said left no one in a celebratory mood. Medicaid costs, said then-Secretary Michael Leavitt, were projected to grow so fast that within 10 years they would crowd out virtually every other category of spending. State spending on higher education, infrastructure and safety, he predicted, would all get squeezed.
  • Hillary Clinton Robbed Bernie Sanders Of The Democratic Nomination, According to Donna Brazile

    11/02/2017 8:52:53 AM PDT · by 2ndDivisionVet · 78 replies
    Newsweek ^ | November 2, 2017 | Greg Price
    Hillary Clintons campaign took over the Democratic National Committee's funding and day-to-day operations early in the primary season and may have used that power to undermine her rival Senator Bernie Sanders, according to the party's one-time interim chairwoman. The DNC official, Donna Brazile, now a political analyst, wrote in Politico Magazine on Thursday that she discovered an August 2015 agreement between the national committee and Clintons campaign and fundraising arm that gave Clinton control (of) the partys finances, strategy, and all the money raised in exchange for taking care of the massive debt leftover from President Barack Obamas 2012 campaign....
  • Mass Delusion among Greeces Far Left: Victorious Syriza wants Greece to skip out on its debts.

    01/26/2015 7:44:07 AM PST · by SeekAndFind · 36 replies
    National Review ^ | 01/26/2015 | Tom Rogan
    In Greece, the far-left Syriza party has won a stunning victory. Under the leadership of charismatic populist Alexis Tsipras, it has claimed around 150 parliamentary seats and defeated the governing centrist New Democracy party. Across Europe, leftists are elated. They see this as a historic turning point, the moment when they can put a stop to the austerity-through-spending-cuts approach. And to some degree, theyre right. Theres no question that voters have rewarded a far-left party for its far-left platform. Just consider what Syriza proposes: significant increases in government spending, a rise in the minimum wage and in pensions, and a...
  • One in 10 Americans paychecks get docked to pay off debts

    09/19/2014 9:53:00 AM PDT · by george76 · 16 replies
    Market Watch ^ | Sept 16, 2014 | Priya Anand
    One in 10 Americans between the ages of 35 and 44 had money seized from a paycheck and sent off to pay a debt last year ... the average households balance at about $6,802. And one in three Americans is dogged by collections, or debts more than 180 days past due, for credit card balances, child-support, medical or utility bills. For most people, garnished wages went toward child support (41.5%). After student and consumer loans (35.4%), workers pay was also docked to pay off tax debts (18.3%) and bankruptcies (4.9%).
  • Social Security, Treasury target taxpayers for their parents decades-old debts

    04/11/2014 12:34:11 AM PDT · by Behind Liberal Lines · 118 replies
    Washington Post | 4.10.13 | Marc Fisher
    The Washington Post reports that hundreds of thousands of taxpayers who are expecting refunds this month are instead getting letters informing them that because of a debt they never knew about often a debt incurred by their parents the government has confiscated their check.
  • Shakedown: Treasury seizing tax refunds from adult children to pay parents' Social Security debts

    04/11/2014 12:33:11 PM PDT · by SeekAndFind · 60 replies
    Hotair ^ | 04/11/2014 | AllahPundit
    When I say “debts,” I don’t mean loans that the parents willingly sought from SSA. It would be bad enough to hold a kid responsible for that (since when are children responsible for their parents’ obligations?), but at least it would have been voluntarily incurred by mom/dad. The “debts” here are overpayments of Social Security benefits, the product of SSA’s own errors. The parents who received them might not have even realized they were getting money they weren’t supposed to have. And now, somehow, it’s junior’s problem.But wait. It gets worse. When [Mary] Grice was 4, back in 1960, her...
  • Local courts reviving 'debtors' prison' for overdue fines, fees

    12/25/2013 1:17:13 PM PST · by ColdOne · 50 replies ^ | 12/25/13 | Kelley Beaucar Vlahos
    Critics are calling the practice the new "debtors' prison" -- referring to the jails that flourished in the U.S. and Western Europe over 150 years ago. Before the time of bankruptcy laws and social safety nets, poor folks and ruined business owners were locked up until their debts were paid off. Reforms eventually outlawed the practice. But groups like the Brennan Center for Justice and the American Civil Liberties Union say it's been reborn in local courts which may not be aware it's against the law to send indigent people to jail over unpaid fines and fees -- or they...
  • As economy flails, debtors' prisons thrive

    04/04/2013 6:47:18 PM PDT · by 2ndDivisionVet · 54 replies
    CBS News' Money Watch ^ | April 4, 2013 | Alain Sherter
    Thousands of Americans are sent to jail not for committing a crime, but because they can't afford to pay for traffic tickets, medical bills and court fees. If that sounds like a debtors' prison, a legal relic which was abolished in this country in the 1830s, that's because it is. And courts and judges in states across the land are violating the Constitution by incarcerating people for being unable to pay such debts. Ask Jack Dawley, 55, an unemployed man in Ohio who between 2007 and 2012 spent a total of 16 days in jail in a Huron County lock-up...
  • 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...
  • President Obama Denounces Republican 'Wild Debts': I'm Not an Over-Spender

    05/23/2012 7:14:21 PM PDT · by NormsRevenge · 51 replies
    Yahoo ^ | 5/23/12 | Devin Dwyer | ABC OTUS News
    COLORADO SPRINGS, Colo. - At a fundraiser for his re-election campaign in Denver tonight, President Obama set out to upend conventional Republican wisdom that his administration has been defined by excessive government spending. "I'm running to pay down our debt in a way that's balanced and responsible. After inheriting a $1 trillion deficit, I signed $2 trillion of spending cuts into law," he told a crowd of donors at the Hyatt Regency. "My opponent won't admit it, but it's starting to appear in places, like real liberal outlets, like the Wall Street Journal: Since I've been president, federal spending has...
  • Parents don't have to pay dead son's debts

    01/07/2012 6:39:09 PM PST · by rawhide · 16 replies ^ | Steve McLinden
    Dear Real Estate Adviser, My friends' son committed suicide, leaving a huge financial mess. He owned his own home, which will go to them once it clears probate (he was single, no children). My friends have their own home and cannot afford to maintain a second. They will have to sell it, but the son's house is seriously underwater. What options do they have? -- Tessa
  • SUPER FAILURE: Deficit Committee Certain To Announce Failure Tomorrow

    11/20/2011 7:14:06 AM PST · by blam · 46 replies
    TBI ^ | 11-20-2011 | Zeke Miller
    SUPER FAILURE: Deficit Committee Certain To Announce Failure Tomorrow Zeke Miller Nov. 20, 2011, 8:33 AM It's over. After months of posturing and secret negotiations, the super committee has failed at its task of reaching $1.2 trillion in deficit cuts. Via POLITICO's Mike Allen: The official deadline for action by the Joint Select Committee on Deficit Reduction is Wednesday, the day before Thanksgiving. The real deadline is Monday night, since any plan has to be posted for 48 hours before it's voted on. So conversations this weekend revolved around how to shut this turkey down. Aides expect some "Hail Mary"...
  • Rick Santelli - Rant: economy, banks, housing, politics, too big to fail

    10/24/2011 12:42:33 PM PDT · by STARWISE · 5 replies
    CNBC/You Tube ^ | 10-21-11
    Another Sentelli hammer-nail rant of truth .. Rick Santelli Highest Wage Earners in DC, What Does That Tell US?
  • LA Times: China demands U.S. 'live within its means'

    08/06/2011 4:21:42 AM PDT · by Oldeconomybuyer · 64 replies
    Los Angeles Times ^ | August 6, 2011 | By David Pierson
    The largest foreign holder of U.S. treasuries responds to the S&P downgrading by calling for decreases in U.S. military outlays and social spending. Beijing China called on the United States to "cure its addiction to debts" and "learn to live within its means" in a searing commentary published Saturday by the official New China News Agency in response to Standard & Poor's historic downgrading of the U.S. government's credit rating a day earlier. China, the largest foreign holder of U.S. federal debt, blamed "short-sighted political wrangling in Washington" for creating the current financial morass that now threatens to undermine...
  • Wisconsin makes good on Minnesota tax debt

    07/14/2011 1:58:58 PM PDT · by afraidfortherepublic · 13 replies
    Superior Telegram ^ | 7-13-11 | Shelley Nelson,
    Wisconsin paid off its $60 million debt owed to Minnesota under the former tax reciprocity agreement between the states, Gov. Scott Walker announced today. The debt was left unpaid by the previous Wisconsin administration after former Minnesota Gov. Tim Pawlenty ended the agreement in 2009. The agreement had allowed workers living in one state and working in the other to pay income taxes to their home state, saving taxpayers the burden of filing two tax state returns. It was a huge disappointment for both Minnesota and Wisconsin taxpayers when former Minnesota Gov. Pawlenty ended reciprocity last year, said Sen. Bob...
  • The Floating Dollar as a Threat to Property Rights

    03/12/2011 7:12:36 PM PST · by Tolerance Sucks Rocks · 17 replies
    Imprimis (Hillsdale College) ^ | February 16, 2011 | Seth Lipsky
    The following is adapted from a speech delivered on February 16, 2011, at a Hillsdale College National Leadership Seminar in Phoenix, Arizona. TO BEGIN, consider one of the most important measures of property, the kilogram. Its a measure of mass or, for non-scientific purposes, weight. According to the papers last week, a global scramble is under way to define this most basic unit after it was discovered that the standard kilograma cylinder of platinum and iridium that is maintained by the International Bureau of Weights and Measureshas been losing mass. You may think that this is impossible. Of all the...
  • Mounting State Debts Stoke Fears of a Looming Crisis

    12/04/2010 9:23:34 PM PST · by Nachum · 21 replies
    New York Times ^ | 12/4/10 | Michael Cooper and Mary Williams Walsh
    The State of Illinois is still paying off billions in bills that it got from schools and social service providers last year. Arizona recently stopped paying for certain organ transplants for people in its Medicaid program. States are releasing prisoners early, more to cut expenses than to reward good behavior. And in Newark, the city laid off 13 percent of its police officers last week. While next year could be even worse, there are bigger, longer-term risks, financial analysts say. Their fear is that even when the economy recovers, the shortfalls will not disappear
  • [HELOCs] Home Equity Lines of Credit, the Next Looming Disaster?

    09/07/2010 10:46:33 PM PDT · by Lorianne · 21 replies
    Real Estate Channel ^ | 07 September 2010 | Keith Jurow
    Madness of HELOC Lending During the Bubble Years Aided by the seemingly limitless desire of banks to lend money, homeowners opened an incredible number of HELOCs during the bubble years of 2004-2006. Nowhere was the madness of HELOC borrowing more astounding than in California. During the two key years of 2004 and 2005, a total of 1.43 million HELOCs were originated in California just for the purchase of homes according to figures received from CoreLogic. Wait a minute, you say. That's more than the total number of homes sold in California during these years. Correct. A total of 1.25 million...
  • The U.S. Isn't Greece, and That's a Problem (Why Greece's Scenario doesn't hold for USA)

    08/18/2010 3:54:42 AM PDT · by SeekAndFind · 4 replies
    Real Clear Markets ^ | 08/18/2010 | Rich Danker
    The dollar's domination of the world's monetary system has tremendous consequences for the U.S. economy and fiscal policy. Yet leading officials and commentators in Washington repeatedly overlook this effect when grappling with economic news. "Deficit fears don't appear to bother the bond market," was the headline on the front page of the Washington Post in June. The article implied that our creditors are naive for accepting low returns on Treasury bonds because America is running the risk of being hit with a debt crisis similar to what happened in Greece, whose government came close to defaulting on its obligations last...