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21%  
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Keyword: taxpayers

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  • Ally Financial bets on risky subprime car loans (here we go again!)

    06/01/2011 1:37:02 AM PDT · by Daisyjane69 · 64 replies
    Reuters ^ | 5/31/11 | David Henry
    (Reuters) - Ally Financial Inc, the United States' largest maker of car loans, hopes that people have forgotten the time when "subprime" became a synonym for "disaster." Ally, once known as GMAC Financial Services, is getting ready to go public this year, and is making the case that subprime loans for used car buyers are not about to produce the same results that they did in the housing market a few years ago -- a near-collapse of the financial system. Auto loans performed relatively well during the downturn, and demand for cars is up, so auto lending is one of...
  • Obama's Symbolic Chevy Volt Folly

    05/31/2011 9:09:40 AM PDT · by jazusamo · 30 replies
    American Thinker Blog ^ | May 31, 2011 | Chuck Roger
    Among 116 electric cars that the Obama administration intends to buy with taxpayer money, 101 will be Chevy Volts. The program will also include installing charging stations in San Francisco, Detroit, Los Angeles, San Diego and Washington, D.C. According to USA Today, "The moves are mostly symbolic to show the government is doing its part in trying to reduce America's dependence on oil." The electric cars are projected to save taxpayers a total of $116,000 in fuel costs-presumably annually. USA Today did not specify. With Volts currently priced at $41,000, what net "savings" will taxpayers realize? The General Services Administration...
  • Denver Taxpayers Paid Millions For Insurance For Non-Dependents

    05/16/2011 6:52:12 AM PDT · by george76 · 21 replies
    CBS4 ^ | May 13, 2011 | maass
    An audit of employees who work for the city of Denver has revealed that taxpayers have been paying for medical, dental and vision benefits for approximately 1,000 people who, it turns out, were never eligible to receive Denver health benefits. “They were signing people up for health coverage that were not qualified under the program,” said Christopher Lujan, Interim Director of Denver’s Career Service Authority. “The numbers show we have a certain amount who have been “free riders” and they don’t qualify for health care coverage, thats’s absolutely correct.” So some of these employees put people on the health care...
  • GM Will Spend $109 Million To Preserve 96 Michigan Jobs

    05/13/2011 12:21:24 PM PDT · by george76 · 28 replies
    zero hedge ^ | 05/13/2011 | Tyler Durden
    And so we get another example of government efficiency at work. The still taxpayer funded General Motors has just announced it will spend $109 million to keep and add 96 jobs. This amounts to $1.135 million per employee.
  • Vikings, Ramsey County to announce apparent stadium deal

    05/10/2011 1:14:58 PM PDT · by Colonel_Flagg · 68 replies
    Minneapolis StarTribune ^ | 5/10/11 | Kevin Duchschere
    The Metropolitan Sports Facilities Commission said a stadium in Arden Hills would cost up to $1.2 billion, compared with $895 million at the Metrodome site. A Minnesota Vikings stadium built at the Arden Hills site could cost as much as $1.2 billion, about $300 million more than a stadium built on the Metrodome site in Minneapolis, according to a cost analysis released Tuesday by the Metropolitan Sports Facilities Commission. The report was released just as the Vikings announced they will hold a news conference at 3 p.m. Tuesday at the Arden Hills site.
  • Taxpayers to Obama: Keep your hands off our deductions

    04/15/2011 7:06:11 AM PDT · by SeekAndFind · 31 replies
    Hotair ^ | 04/15/2011 | Ed Morrissey
    In his speech on Wednesday, Barack Obama suggested that eliminating some tax deductions might be necessary to close the budget deficit, at least on a means-tested basis. Gallup’s latest poll taken after the speech shows the political risk in pushing that idea. Large majorities support the deductions Obama mentioned in the speech, even when told it would help close the federal budget deficit: Americans make it clear they want to keep common federal income tax deductions, regardless of whether the proposed elimination of those deductions is framed as part of a plan to lower the overall income tax rate or...
  • Local stimulus project creates few jobs at high cost to taxpayers (Philadelphia boondoggle)

    03/30/2011 4:09:39 PM PDT · by Libloather · 3 replies
    Philly ^ | 3/30/11 | MICHAEL HINKELMAN
    Local stimulus project creates few jobs at high cost to taxpayersBy MICHAEL HINKELMAN Philadelphia Daily News Posted on Wed, Mar. 30, 2011 WHEN OFFICIALS at the U.S. General Services Administration in Washington were deciding what to do with billions in federal stimulus funds, spurring job growth and making federal buildings more energy-efficient was at the top of the agenda. Rather than being a boon for jobs, though, one high-profile project here may turn out to be a boondoggle for taxpayers. The GSA, which provides office space to more than 1 million federal workers in 9,600 facilities around the country, awarded...
  • State-union battles revive school-choice hope

    03/29/2011 3:04:55 AM PDT · by Scanian · 3 replies
    The Washington Times ^ | March 28, 2011 | Dick Armey
    After a major loss in their battle with Wisconsin taxpayers over collective bargaining powers, teachers unions are reeling. States are caught in a vicious cycle in which the private sector is shrinking while public liabilities grow and politicians have finally realized they must rein in spending and restore economic sanity to their budgets - even if that means pushing back against union influence. The momentum stemming from the Wisconsin victory gives union bosses little time to lick their wounds. In Ohio, for example, Republican Gov. John Kasich is supporting legislation similar to the bill passed in Wisconsin. The Ohio bill...
  • Public Pensions In The Red Even With Rosy Assumptions

    03/26/2011 8:29:24 AM PDT · by Slyscribe · 1 replies
    Investor's Business Daily ^ | 3/25/2011 | Jed Graham
    The Florida Retirement System is one of the nation's most financially fit public pensions, so why does new Republican Gov. Rick Scott call it a "ticking fiscal time bomb"? Florida taxpayers, like those around the nation, could face huge additional pension costs if investment gains come up short. At the end of June, Florida's system was 87.9% funded, far above the 80% mark that experts deem fiscally sound. But this assumes that investments will return 7.75% annually going forward.
  • YouTube Gov. Brown makes his pitch

    03/23/2011 3:32:27 PM PDT · by Mark Landsbaum
    Gov. Jerry Brown, always the frugal one, has resorted to posting his latest message urging you to tax yourself some more on YouTube, where presumably at least that won’t cost taxpayers anything. (Until California gets around to taxing the Internet, that is.) Here’s his video: . . .
  • Progressive Government Is Obsolete

    03/19/2011 4:17:14 AM PDT · by Scanian · 44 replies
    The Wall Street ^ | MARCH 18, 2011. | STEPHEN GOLDSMITH
    Across the country, the interests of organized labor, elected officials and taxpayers are colliding over wages, work rules and the astronomical costs of retiree pensions and health care. As important as these specific issues are to resolve, there is another, more fundamental problem causing so many Americans to lose faith in their government: It is not government unions per se but progressive government itself—long celebrated in Wisconsin, New York and elsewhere—that no longer produces progressive results. In the early 20th century, the progressives championed a rule-based approach to public-sector management that was a big step forward from the cronyism and...
  • Taxpayers Slam President Obama's 'Cash for Plug-Ins' Program

    03/05/2011 5:56:15 AM PST · by Son House · 20 replies
    FOXNEWS ^ | February 12, 2011 | Cheryl Casone
    HOENIG The president is insisting on getting people to drive electric cars literally no matter how many tax payer dollars it takes in the process. $2.5 billion in grants for electric cars, $2 billion in grants for batteries, $250,000 to rectify the plug in stations, the $7,500 rebate you talked about, $10 million for towns to promote electric use of those vehicles, and for what? GM sold like 321 volts last month. This is ethanol 2.0. It's a waste of tax payer dollars and it just shows how incredibly depraved the green movement is in this country. BYRNES 0.1 percent...
  • "TAXEATERS"

    02/25/2011 8:57:28 PM PST · by bigbob · 4 replies
    Moment of Clarity ^ | 2-25-11 | Dr. Tim Nerenz
    This is serious stuff, the kind that serious people are trying to fix, while unserious people continue to lie, sloganeer, pitch a fit, or just run away. When you students were hauling signs around for the greybeards at Bitch Fair On The Square, your solidarity brothers and sisters probably didn’t tell you that you will have to work past 70 so they can keep on retiring in their 50’s, did they? I didn’t think so.
  • Union Label | Owned by China

    02/25/2011 6:02:30 PM PST · by NaturalBornConservative · 2 replies
    Natural Born Conservative ^ | Larry Walker, Jr.
    When 'Made In China' Isn't Enough ~“Every once and awhile you need to get out on the streets and get a little bloody when necessary.” ~ Rep. Mike Capuano (D-Ma.)Made in China wasn’t enough, now union minions want to be owned by China as well. So far all I see is a bunch of snot-nosed, deficit-financed, government slugs spewing nonsense, but not one drop of blood. Hey union guys, this isn’t 1945, except maybe in terms of the National Debt. Back in the day, American unions used to fight so-called greedy capitalists for higher pay, greater benefits, and better working...
  • Unions Rule By Brute Force (and Taxpayers Pay the Price)

    02/25/2011 6:49:00 AM PST · by suspects · 16 replies
    Boston Herald ^ | February 25, 2011 | Michael Graham
    If I were in organized labor, I’d seriously think about starting a P.R. union. The only person who had worse press coverage this week than organized labor was Moammar Gadhafi — and he had to bomb his own people to get it. As of this writing, union-owned Democratic state senators are still hiding out in cheap hotels across state lines in Illinois. These Wisconsin “flee-baggers” can’t find the courage to show up for work, but they’re on cable news every hour whining about Gov. Scott Walker. Meanwhile, our own U.S. Rep. Mike Capuano (D-Somerville) was forced to apologize for his...
  • Brown's Countdown, Day 46: New ‘Taxpayers Caucus’ takes on Brown plan

    02/24/2011 8:09:52 AM PST · by SmithL · 3 replies
    Sacramento Bee ^ | 2/24/11 | Kevin Yamamura
    It was perhaps the most coordinated Republican response yet to Gov. Jerry Brown's budget plan, albeit without the backing of the party's legislative leaders. GOP lawmakers announced Wednesday that 30 Republicans had formed a "Taxpayers Caucus," vowing not to send Brown's tax hike extensions to the ballot unless they are accompanied by tax reduction proposals. Since the latter idea is a nonstarter among Democrats – and has been brushed aside by GOP leaders so far – the group's position essentially amounts to 30 "no" votes for Brown's budget, more than two-thirds of Republicans in the Capitol. "People right now are...
  • Legislator: State should create jobs instead of 'raping' taxpayers

    02/23/2011 8:56:43 PM PST · by SmithL · 13 replies
    SacBee: Capitol Alert ^ | 2/23/11 | Torey Van Oot
    Freshman Assemblywoman Shannon Grove, R-Bakersfield, said today that lawmakers need to focus on private-sector job creation "instead of raping our taxpayers." The comment came under fire from a group that works to prevent domestic and sexual violence.
  • Time For Taxpayers To Go On Offense! (The truth about gov't union costs)

    02/23/2011 5:36:57 AM PST · by suspects · 5 replies
    Boston Herald ^ | February 23, 2011 | Michael Graham
    The only time people in Massachusetts care about what’s happening in Wisconsin is when Tom Brady [stats]’s playing on Lambeau Field. So why did hundreds of Bay State government workers show up to protest Wisconsin’s governor at Beacon Hill yesterday? One word: Money. Your money. The battle over government employees and collective bargaining endangers the entire foundation of Massachusetts politics: Unions use their members’ cash and labor to elect and protect pro-union hacks who then vote to give more money and power to unions. Eisenhower might have called it the “Union-Political Complex.” Its raw political power is the reason even...
  • UPDATED – Protesting Teachers Could Reap $9 Million from Taxpayers to Attend Rallies (w/fake note)

    02/22/2011 7:25:38 PM PST · by Libloather · 7 replies
    UPDATED – Protesting Teachers Could Reap $9 Million from Taxpayers to Attend RalliesAbsent educators may be paid to abandon students and march on the Capitol MacIver News Service | February 21, 2011 **SNIP** Updated: We’re analyzing costs at other districts whose schools were also closed due to mass sick-outs by teachers. The chart below reflects about one third of the number of districts that closed. We will be updating the chart throughout the week.
  • Connecticut’s Governor To Taxpayers: You’re Still Not Sacrificing Enough

    02/21/2011 6:57:27 PM PST · by Nachum · 25 replies
    big government ^ | 2/21/11 | Dr. Susan Berry
    As the entire nation confronts the problem of unfunded mandates and bloated government spending, individual states are doing the same. Republican governors Chris Christie (New Jersey) and Scott Walker (Wisconsin) are letting government unions know that they can no longer expect to receive the kind of benefits and pensions they were falsely promised by union leaders and past state politicians whose campaigns were funded by union coffers. These governors are handling the displaced anger of union members who are only beginning to experience a little of what private sector workers have known for years. They know that increasing taxes will...