Sep 22, 2010 at 9:19 PMBRING IT ON: Reducing the Deficit Through Large Spending Cuts Will Not Be Easy (Special Report)
"Nothing does more to postpone the day when we seriously address budget deficits than pretending that it is easy."
Kotlikoff: "The government is lying about the national debt; It is engaging in Enron accounting"
THE REAL NATIONAL DEBT: $14 Trillion, $60 Trillion, or $200 Trillion -- Does anyone know what the U.S. really owes?
TARP WATCH: Congressional Oversight Panel to Hold Hearing Wednesday on Treasury's Extraordinary Use of Outside Contractors
The law authorizing the TARP allowed the Secretary of the Treasury to waive any provision of the usual Federal Acquisition Regulations (FAR) and arguably expanded Treasury's authority to hire financial agents to fulfill critical government functions. As of August 13, 2010, Treasury has entered into approximately 83 contracts and financial agency agreements, with a current approximate obligated value of $445 million.
Foreclosure Fraud At GMAC -- Who Owns the Mortgage
“All the banks are the same, GMAC is the only one who’s gotten caught,” said Patricia Parker, an attorney at Jacksonville, Florida-based law firm, Parker & DuFresne. “This could be huge.”
HILARIOUS: Bill Maher: ‘Obama Drinks, Smokes, Checks Out Ass…If He’s A Muslim He Stinks At It’ (VIDEO)
I don't care if you hate Bill Maher. Watch at least the first 2 minutes of this clip.
"We Just Added And Added And Added To The Debt"
WSJ Video: Alan Murray with David Stockman -- Aired September 17, 2010
Excellent clip. Keynesian takedown. Watch at least the first 2 minutes. Stockman starts out hot. Partial transcript included.