Strange, but true. An internal auditor in the State of Indiana was tracing a $25,200 check through the state's accounting system, and just plain bumped into $320 Million that was just lying around, unnoticed. Found money.
Wonder if Republicans can find that $1.5 Trillion they pissed away on wars? Maybe if they looked in the couch cushions up on Capital Hill ....
News out near the market close indicates that Euro stress tests require Banks there to raise an additional $150 Billion in capital. They have until Jan 20 to inform their respective country regulators as to how they will meet the target. And they'll have until June 30th next year to make it happen.
To meet these requirements, they could attempt to issue new securities. But given that their stocks have been trashed, and their survival is in question, I doubt that route will be available...
Just got finished reading a very interesting article on Minyanville. Take a look at Table 1 in that article. It shows, on a timeline, the total of Household + Corporate + Government Debt Outstanding, as a percentage of national GDP.
Regan+Bush Administrations - It spiked from 151 to 200%.Clinton Administration - Remained flat.Bush Administration - It spiked from 200 to 270%.
Republicans are fiscally responsible? One word. BULLSHIT.
The Fed Flow of Funds report got released today. You can flip to page 106 to see the accounting for the net worth of Americans. We lost $2.4 Trillion in wealth from June 30th thru Sept 30, 2011.
What happened? That little worthless, piece of shit, good for nothing, Eric Cantor, acted like a fucking child and started a food fight on Capital Hill. That asshole threatened to shut down our government over extending our nation's debt ceiling. Investors across the country saw Eric's...
I have a question for all the Obama haters out there, especially all the ultra right-wing tea party members running around the country crying about President Obama being a socialist ...
In the post below, I laid out America's Individual Income tax return. Take note of the fact that when you divide Income Tax by Taxable Income, the average Federal Income tax rate of Americans is 20.6%.
A socialist is someone who takes from the rich, and gives to the poor? Done in excess, that's socialism...
Americans pay $1.1 Trillion in Federal Income Taxes. Ever curious how that number was determined? Well, this is a roll-up of America's 2009 Individual Income tax returns:
Note - Expressed in $ Billions. i.e. Total Salaries and Wages are $5.9 Trillion, Taxable Interest equals $223 Billion:
12/10 Burr on Gingrich: Too funny 12/10 Michael Moore: Obama in Wall Street pockets
12/09 Wall Street: Common sense sighted 12/09 Companies: Making > profits, paying < taxes 12/09 Coming financial debacle: No place to hide
12/08 Medical costs: $250 M on penis pumps?12/08 Rich undertaxed: Pisses me off the most12/08 Obama: About damn time
12/07 The rich say: Tax the poor 12/07 Fight: Beck vs. Gingrich 12/07 Romney: What's he hiding?
12/06 Tax Increases I: Will not harm economic growth 12/...
Sen. Richard Burr [R, NC] voted 'Nay' on the question: On the Motion to Proceed (Motion to Proceed to S. 1931) regarding S.1931 Buffett Rule Act of 2011
Sen. Richard Burr [R, NC] voted 'Nay' on the question: On the Motion to Proceed (Motion to Proceed to S. 1944) regarding S.1944 Middle Class Tax Cut Act of 2011