With the never ending pundit pontificating on the budget deficit and how we must cut spending, it seems always the bulls-eye is on the backs of the U.S. middle class, poor and national interest. Yet, even the Wall Street Journal notes health care costs are out of control. In their number of the week, they amplify the U.S. Spends 141% More on Health Care than other nations.
The most mean spirited and absurd budget came out today while the Republicans are threatening to shut down the government. Yes, we know politicians, both parties, are all bought and paid for, corrupt as hell, but a government shut down? This affects real people and the real economy, not just federal workers but all of the Americans who rely on them. All federal workers except emergency services go unpaid, but guess who still collects their paycheck? Why the ones who caused it, our President and our lovely Congress.
Everybody knows multinational corporations are not paying U.S. taxes. Yet instead of making corporations cough up, our government is busy planning more screw jobs on the U.S. middle class and labor force, all under the guise of reducing spending.
Senator Bernie Sanders is trying to draw attention to the insanity with a top ten list of the worst corporate tax avoiders.
Yes the title is crass, vulgar. Yet the never ending trading of mortgage backed securities, previously titled toxic assets in some game of musical chairs justifies the analogy. Take just this latest revolving door as an example. Did you know a former New York Federal Reserve Official, in charge of overseeing AIG now works for AIG?
Today brings once again conflicting reports on the ongoing nuclear crisis in Japan. First, the Nuclear Regulatory Commission, in spite of what's going on in Japan, has proclaimed the United States does not need to make any changes to our own nuclear reactor safety, from methods to structure.
Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
This week a flurry of events happened that were obscured by the tragedy in Japan.
Debtor's Prison is Back!
Supposedly abolished 1833, Debtor's Prison is back with a vengeance. Did you know you can go to jail over some unscrupulous creditor trying to collect from you? O'Reilly? How come we can't lock up unscrupulous creditors trying to collect on services not rendered or 80% interest rates? The Wall Street Journal:
Some lawmakers, judges and regulators are trying to rein in the U.S. debt-collection industry's use of arrest warrants to recoup money owed by borrowers who are behind on credit-card payments, auto loans and other bills.
More than a third of all U.S. states allow borrowers who can't or won't pay to be jailed. Judges have signed off on more than 5,000 such warrants since the start of 2010 in nine counties with a total population of 13.6 million people, according to a tally by The Wall Street Journal of filings in those counties. Nationwide figures aren't known because many courts don't keep track of warrants by alleged offense. In interviews, 20 judges across the nation said the number of borrowers threatened with arrest in their courtrooms has surged since the financial crisis began.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
The events in Japan have generated renewed interest in nuclear accidents. The worse nuclear accident, not intentional, is Chernobyl and the below documentary goes into some depth.
It's Friday Night! Party Time! Time to relax, put your feet up on the couch, lay back, and watch some detailed videos on economic policy!
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