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government spending: Earmarks or Just Plain Pork? - 11/13/10 06:10 PM
The issue of earmarks is once again at the forefront, and the opposing sides are gathering their forces and arguments. Most see it as an issue that should have already been decided. You either believe it to be a benefit or see it as a scar on the political process; there’s little gray area in between.
 
While most politicians are quick to point out that “pork-barrel” spending, aka: “earmarks” is only a tiny fraction of the budget, what they fail to acknowledge is that the only way to get spending under control is to chip away at the budget in … (19 comments)

government spending: FHA Head Says Housing Market Is On Life Support - 05/25/10 12:38 PM
According to David Stevens, head of FHA, the U. S. housing market is on life support. In an article in Bloomberg Businessweek, Stevens is quoted as saying: “This is a market purely on life support, sustained by the federal government.” He went on to say that the FHA’s monopoly of residential lending is “a sign of a very sick system.”
 

We should all be concerned by the level of lending from FHA and the potential for disaster should large numbers of the loans default. Earlier this year an article in the Washington Post reported that FHA delinquencies had increased … (108 comments)

government spending: Who Will Remain To Pick Up The Tab? - 10/05/09 04:34 PM
With almost half of all Americans owing no Federal Income Tax in 2009, who will remain to pick up the tab for our government’s unbridled spending? For politicians a trillion has now become the new billion. And amazingly, the number not paying tax isn’t shrinking; it’s growing rapidly. About a quarter of “taxpayers” will have a net liability of zero, including Medicare and Social Security taxes, according to a report on CNN Money.
 
There is growing concern from a few in DC, and which is more widespread among economists and other non-politicians, that many of our “leaders” are ignoring the … (14 comments)

 

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