Archive for the Government Corruption Category
The Stimulus Package explained
Posted in Government Corruption, Politics on February 2, 2009 by uchtred
Ron Paul speaks out against nationalization
Posted in Corporate Evil, Government Corruption, Politics on December 11, 2008 by uchtred
Financial Crisis Tab Already In The Trillions
Posted in Government Corruption on November 18, 2008 by uchtred
http://www.cnbc.com/id/27719011
Given the speed at which the federal government is throwing money at the financial crisis, the average taxpayer, never mind member of Congress, might not be faulted for losing track.
CNBC, however, has been paying very close attention and keeping a running tally of actual spending as well as the commitments involved.
Try $4.28 trillion dollars. That’s $4,284,500,000,000 and more than what was spent on WW II, if adjusted for inflation, based on our computations from a variety of estimates and sources*.
Not only is it a astronomical amount of money, its’ a complicated cocktail of budgeted dollars, actual spending, guarantees, loans, swaps and other market mechanisms by the Federal Reserve, the Treasury and other offices of government taken over roughly the last year, based on government data and news releases. Strictly speaking, not every cent is a direct result of what’s called the financial crisis, but it is arguably related to it.
Some 68-percent of the sum falls under the Federal Reserve’s umbrella, while another 16 percent is the under the Troubled Asset Relief Program, TARP, as defined under the Emergency Economic Stabilization Act, signed into law in early October. (The TARP alone is bigger than virtually any other US government endeavor dating back to the Louisiana Purchase. See slideshow.)
*References includ US National Archive, US Dept of Defense, US Bureau of Reclamation, Library of Congress, NASA, Panama Canal Authority, FDIC, Brittanica, WSJ, Time, CNN.com, and a number of other websites.
Dems Target Private Retirement Accounts
Posted in Government Corruption on November 9, 2008 by uchtred
Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration.
Triggered by the financial crisis the past two months, the hearings reportedly were meant to stem losses incurred by many workers and retirees whose 401(k) and IRA balances have been shrinking rapidly.
The testimony of Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, in hearings Oct. 7 drew the most attention and criticism. Testifying for the House Committee on Education and Labor, Ghilarducci proposed that the government eliminate tax breaks for 401(k) and similar retirement accounts, such as IRAs, and confiscate workers’ retirement plan accounts and convert them to universal Guaranteed Retirement Accounts (GRAs) managed by the Social Security Administration.
Press one for English? No thanks!
Posted in Government Corruption, Illegal Immigration with tags English-only movement on October 28, 2008 by Hachiko
High Fructose Corn Syrup
Posted in Corporate Evil, Government Corruption, Health on October 25, 2008 by Hachiko
“There are a number of relevant studies published in peer reviewed journals suggesting a link between high fructose diets and adverse health effects. For example, studies on the effect of fructose, as reviewed by Elliot et al., implicate increased consumption of fructose (due primarily to the increased consumption of sugars but also partly due to the slightly higher fructose content of HFCS as compared to sucrose) in obesity and insulin resistance. Chi-Tang Ho et al. found that soft drinks sweetened with HFCS are up to 10 times richer in harmful carbonyl compounds, such as methylglyoxal, than a diet soft drink control. Carbonyl compounds are elevated in people with diabetes and are blamed for causing diabetic complications such as foot ulcers and eye and nerve damage; Furthermore, a study in mice suggests that fructose increases obesity. Large quantities of fructose stimulate the liver to produce triglycerides, promotes glycation of proteins and induces insulin resistance. According to one study, the average American consumes nearly 70 pounds of HFCS per annum, marking HFCS as a major contributor to the rising rates of obesity in the last generation.”"
“A 2007 study also raised concerns of possible liver damage as a result of HFCS in combination with a high fat diet and a sedentary lifestyle.”
– Wikipedia
