'Tax rebate' checks expected to yield short-term benefits, long-term troubles Posted: 7 months ago by DerAlt
Budget expert Stan Collender doesn't even like the "tax rebate" terminology used by Washington, since many of the poorer recipients will have paid no 2007 federal income tax or amounts less than their government check. The stimulus package, he says, is really "pure borrowing … just increasing the [federal] deficit."
Comments: 10 Score: [-] 306 [+].
McCain: Cutting taxes more important than balanced budget Posted: 7 months ago by JDRucker
Republican John McCain said Sunday that cutting taxes and stimulating the economy are more important than balancing the budget, and accused both Hillary Rodham Clinton and Barack Obama of supporting tax hikes that would worsen the impact of a recession.
Comments: 3 Score: [-] -13 [+].
Federal defecit of $162 billion doesn't tell the whole story Posted: 6 months ago by tigertony
If they were forced to use the same accounting methods as everybody else the number would be more like $2.5 TRILLION!
Accounting magic at it's best.
Comments: 0 Score: [-] 63 [+].
YAHOO: American households forced to budget Posted: 8 months ago by fugazi
WTF?
The average American income is less than $40K...
People in that earnings range budget all the time.
Note:This article is submitted not for its content, but as an exhibit in itself.
Comments: 5 Score: [-] 36 [+].
Congress Approves Stimulus Package Posted: 9 months ago by mahler87
Which means up to $600 for me, you, and pretty much everyone else who is paying taxes in America. I think its an absurd idea but you sure as hell don't see me complaining.
Update to this post.
Comments: 2 Score: [-] 91 [+].
Homeowner Equity Is Lowest Since 1945, Dipping Below 50 Percent, the Lowest on Record Posted: 9 months ago by 2longdogs
Americans' percentage of equity in their homes fell below 50 percent for the first time on record since 1945, the Federal Reserve said Thursday. That marks the first time homeowners' debt on their houses exceeds their equity since the Fed started tracking the data in 1945.
Comments: 0 Score: [-] 115 [+].
Ben and Jerry's American Pie Game Posted: 10 months ago by mahler87
Not THAT American Pie. This game is an educational tool to show how every taxpayer's dollar actually gets divided up by the federal government.
51% of discretionary spending goes to national defense???
Compared with 4% to veterans benefits and services???
Comments: 1 Score: [-] 129 [+].
Ever wanted to spend $3 trillion? Posted: 3 months ago by meggysue
Before you criticize the presidential candidates' budget priorities, see how YOURS would affect the country by playing this Budget Hero! game. Good luck... and don't forget about the little people.
Comments: 5 Score: [-] 227 [+].
Debt Slavery: Why Are Americans So Willing to Dig Themselves Deep into Debt Posted: 4 months ago by BWallaby
Just two generations ago, America was a nation of mostly thrifty people living within their means, even setting money aside for unforeseen expenses.
Today, Americans carry $2.56 trillion in consumer debt, up 22 percent since 2000 alone, according to the Federal Reserve Board. The average household’s credit card debt is $8,565, up almost 15 percent from 2000.
Comments: 1 Score: [-] 78 [+].
How much sleep do you really need? Probably a lot less than you think, says an expert Posted: 4 weeks ago by karenben
A leading sleep expert claimed that most people need far less than eight hours' sleep a night. Here, Professor Jim Horne of the Sleep Research Centre explains why.
Comments: 1 Score: [-] 20 [+].
Federal Goverment Wastes More Money (Again) Posted: 7 months ago by gammerus
"Federal employees charged millions of dollars for Internet dating, tailor-made suits, lingerie, lavish dinners and other questionable expenses to their government credit cards over a 15-month period, congressional auditors say."
Comments: 2 Score: [-] 33 [+].