Keyword: rapeoftaxpayers
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The U.S. military has some of the most advanced killing equipment in the world that allows it to invade almost wherever it likes at will. We produce so much military equipment that inventories of military robots, M-16 assault rifles, helicopters, armored vehicles, and grenade launchers eventually start to pile up and it turns out a lot of these weapons are going straight to American police forces to be used against US citizens. Benjamin Carlson at The Daily reports on a little known endeavor called the "1033 Program" that gave more than $500 million of military gear to U.S. police forces...
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A plan by beleaguered Bank of America to foist trillions of dollars of funky Merrill Lynch derivatives onto its depositors is raising eyebrows on Wall Street. The rarely used move will likely save the bank millions of dollars in collateral but could put depositors’ cash behind the eight ball. The move also brought to light fissures between the nation’s top banking regulators, the Federal Deposit Insurance Corp. and the Federal Reserve, in the wake of new regulations meant to curb the free-wheeling habits that fostered the worst crisis in a generation back in 2008. At issue is BofA’s decision to...
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If you are looking for a single statement that defines the essence of the modern welfare state, look no further than Secretary of Energy Steven Chu's defense of the administration's efforts to ban incandescent light bulbs. "We are taking away a choice that continues to let people waste their own money," Chu said, quite satisfied with government's efforts to protect Americans from their own choices. Contrast this with Milton Friedman's view that those of us who believe in freedom must believe also in the freedom of individuals to make their own mistakes. If a man knowingly prefers to live for...
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The desperate search for an acceptable Republican Party presidential candidate continues. Republican leaders apparently are pushing New Jersey Gov. Chris Christie, who previously said no, to jump into the race. The GOP's frustration is palpable. Mitt Romney has been running for four years but generates little enthusiasm. Rick Perry was an instant front-runner before losing much of his support after unimpressive debate performances. Michelle Bachmann briefly streaked across the political firmament but now barely registers in the polls. Newt Gingrich committed political seppuku shortly after announcing his candidacy. Ron Paul's support is fervent but limited. However, the real Republican problem...
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An internal U.S. Department of Homeland Security document indicates that a controversial program designed to predict whether a person will commit a crime is already being tested on some members of the public voluntarily, CNET has learned. If this sounds a bit like the Tom Cruise movie called "Minority Report," or the CBS drama "Person of Interest," it is. But where "Minority Report" author Philip K. Dick enlisted psychics to predict crimes, DHS is betting on algorithms: it's building a "prototype screening facility" that it hopes will use factors such as ethnicity, gender, breathing, and heart rate to "detect cues...
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WASHINGTON, Oct. 2 (UPI) -- U.S. Sen. John McCain, R-Ariz., on Sunday called for President Barack Obama to "sit down" with Republicans to find solutions to the nation's struggling economy.
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The next three months in Iraq will look like a veritable fire sale, as 45,000 U.S. forces prepare to leave by the Dec. 31 deadline. Rather than ship home valuable military hardware, incurring excessive shipping costs, the Pentagon is simply going to leave millions of pieces of equipment behind, including everything from vehicles and body armor to trailers and air conditioners. When all is said and done, Pentagon planners estimate 3.47 million pieces of equipment worth $313 million will be handed over to the Iraqi government, which still has not asked U.S. forces to stay beyond the December deadline.
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In the coming weeks, Americans could face sweeping changes to the tax deferral status and funding strategies of their retirement plans.
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The president of local biotechnology firm GenPhar is accused of defrauding the federal government out of at least $3.6 million the company received to research vaccines against deadly diseases. The charges are contained in federal indictments unsealed today that also accuse GenPhar president Jian-Yun Dong and his estranged wife of making at least $31,000 in illegal campaign contributions to U.S. Sen. Lindsey Graham and his political action committee. Dong, who also is chief executive officer of GenPhar, is accused of submitting false claims to federal agencies, converting grant funds to his own use and committing wire fraud to scam the...
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CHICAGO (WLS) - A lot of reaction Wednesday morning to Congresswoman Jan Schakowsky's interview with Don Wade and Roma. Schakowsky said that Americans don't deserve to keep all of their money because we need taxes to support our society. “I’ll put it this way. You don’t deserve to keep all of it and it’s not a question of deserving because what government is, is those things that we decide to do together. And there are many things that we decide to do together like have our national security. Like have police and fire. What about the people that work at...
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Former Defense Secretary Donald Rumsfeld warned that it will only be a matter of time before America endures another terrorist attack if Congress ends up blaming the defense budget for this country's red ink woes. "The Department of Defense is not what's causing the debt and the deficit. It's the entitlement programs," he told HUMAN EVENTS in an exclusive interview. "If we make that mistake, we're doomed to suffer another attack of some kind, and our intelligence will be less strong and less effective." Before legislators attempt to take out the nation's crushing debt on the Defense Department, they must...
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Self-proclaimed "conservatives" love to tout themselves as ardent supporters of the "free enterprise" system. In the name of "capitalism," they support any and every piece of legislation or governmental decision that caters to business — especially Big Business. Favorite policies of these folks include anything and everything that calls itself "free trade." Furthermore, these same "conservatives" will support just about anything and everything that is said to advance the so-called "global economy." Needless to say, in the name of "free trade" millions of American jobs and thousands of American manufacturing plants have been outsourced to foreign countries and interests. And...
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Millions of dollars worth of federal contracts transformed Anita Talwar from a government accounting clerk into a wealthy woman — one who can afford a $2.8 million home in the Washington suburbs with its own elevator, wine cellar and Swarovski crystal chandeliers. Talwar, a 59-year-old immigrant from India, had no idea that she and her husband would amass a small fortune when she launched a company providing tech support to the federal government in 1987. But she shrewdly took advantage of programs for minority-owned small businesses and rode a boom in federal contracting. Talwar’s success — and that of hundreds...
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The front page of last Tuesday's Times-Dispatch carried a startling photo: Richmond police officers taking a suspect into custody. What was startling was the display of force. The officers, accompanied by a robot and decked out in full riot gear with shield and combat helmets, could have been mistaken for American soldiers on patrol in Iraq. Yet they were going up against a single man — and they were not even sure was armed. Regrettably, this is not a new development. In recent years police forces across the country have become increasingly militarized. To a small degree, that trend represents...
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New York businessman James Lieto was an innocent bystander in a fraud investigation last year. Federal agents seized $392,000 of his cash anyway. An armored-car firm hired by Mr. Lieto to carry money for his check-cashing company got ensnared in the FBI probe. Agents seized about $19 million—including Mr. Lieto's money—from vaults belonging to the armored-car firm's parent company. He is one among thousands of Americans in recent decades who have had a jarring introduction to the federal system of asset seizure. Some 400 federal statutes—a near-doubling, by one count, since the 1990s—empower the government to take assets from convicted...
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The power to mandate health insurance is the power to mandate almost anything. (snip) Under our system of government....Congress has only those powers that are explicitly enumerated in the Constitution, with the rest "reserved to the states respectively, or to the people"....An all-encompassing Commerce Clause that authorizes any mandate, restriction, or prohibition aimed at behavior that might affect interstate commerce (subject to specific limits such as those imposed by the Bill of Rights) is plainly inconsistent with this federal system. he Obama administration therefore needs to explain why its constitutional rationale for the health insurance mandate—that the failure to obtain...
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Key Republican on New Deficit Panel, Rep. Dave Camp, Won't Rule Out Tax Increases CNBC.com breaking headline
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As federal criminal statutes have ballooned, it has become increasingly easy for Americans to end up on the wrong side of the law. Many of the new federal laws also set a lower bar for conviction than in the past: Prosecutors don't necessarily need to show that the defendant had criminal intent.
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