News reports say that the Federal Housing Finance Agency (FHFA) will sue about 12 major banks in order to recover some of the losses that Fannie Mae and Freddie Mac sustained on mortgage-backed securities the banks issued. The suits will seek to make the banks repay a share of about $30 billion in losses from […]
Over the past six months, Wisconsin has been nothing short of a miracle. Newly elected Governor Scott Walker and the Republicans in the majority in Madison got just about everything they wanted during the past legislative session, and a state facing a projected $3 billion budget shortfall with no end in sight now has a […]
ABC News’ Gregory Simmons (@abcgregory) reports: While the bulk of GOP hopefuls jockey for position this week in Ames, Iowa, ahead of Saturday’s straw poll, one former contender has signaled he might jump back in. In a phone interview from New York Monday afternoon with CNN, Donald Trump said he “would seriously consider” While discussing the recent […]
Happy Birthday to me, Happy Birthday to me, I’m narcissistic you see, Happy birthday to me. It’s the perfect romance: a man who loves to be loved and, well, his biggest fan – himself. It’s hard to tell if we should mark August 4 as Barack Obama’s 50th birthday or his 50th anniversary with himself. […]
NEW YORK/SHANGHAI (Reuters) – China bluntly criticized the United States on Saturday one day after the superpower’s credit rating was downgraded, saying the “good old days” of borrowing were over. Standard & Poor’s cut the U.S. long-term credit rating from top-tier AAA by a notch to AA-plus on Friday over concerns about the nation’s budget […]
Heckuva job, Barry. You’ve tanked the economy and now wrecked our credit rating. But don’t let us interrupt your parties or golf. Maybe Obama should have put Osama bin Laden body on ice, because this week would have been the week he needs anything he can use to look at least half was decent. The […]
Fmr. Gov. Sarah Palin responds to a report that Vice President Joe Biden said Republicans were “terrorists” during a closed-door meeting with Congressional Democrats about the debt compromise. Palin says “enough is enough” and she’s “not going to sit here and take it anymore” when it comes to the left accusing the Tea Party of […]
By Tom McClintock, on August 1, 2011 S. 365 – “Budget Control Act of 2011:” NO. This act increases the debt limit by between $2.1 and $2.4 trillion, the biggest explosion of debt in American history. It allows the government to avoid spending reductions for the next two years while squandering our last best hope […]
The so called “historic, bipartisan compromise” reached to raise the debt limit does not end the struggle to reign in the federal deficit — in fact, all it does is pushes the most difficult decisions off into the future. More surprising, the debt deal actually cuts almost nothing now–it just promises future cuts that may […]
In a recent article in Health Affairs, health economist James Robinson reveals that in areas where hospitals consolidate and enjoy a larger market share, providers are more likely to charge higher prices, as low competition gives them a monopoly in delivering patient care in the region. The lack of competition allows hospitals and other […]
