All of the government "stimulus" and government spending in the world can not repair a free market economy.
The number of Americans filing for bankruptcy in 2010 ticked up 9% over the previous year to more than 1.53 million, industry groups said Monday.
The number of consumers filing for bankruptcy has increased each year since 2005, when bankruptcy laws were revamped to make bankruptcy more difficult, according to the American Bankruptcy Institute and the National Bankruptcy Research Center.
This 2010 figure of reported bankruptcies far outpaces the 1,407,788 total consumer filings that were recorded during 2009, a trend that the American Bankruptcy Institute attributes to high debt and a stagnant economy.
"The steady climb of consumer filings notwithstanding the 2005 bankruptcy law restrictions demonstrate that families continue to turn to bankruptcy as a result of high debt burdens and stagnant income growth," ABI Executive Director Samuel Gerdano said in a statement. "We expect that consumer filings will continue to rise in 2011."
With a total of 118,146 bankruptcy filings, December 2010 was a particularly bad month for consumers, an increase of 3% over November's level. (ht: CNNMoney)
The Obama administration combined with entrenched ruling class politicians that have run Washington federal politics over these last several decades is finally coming to roost here in 2011 as the national debt exceeds 14 Trillion dollars.
using a total population of 333,000,000 (333 Million - 1/3 of a Billion) for ease of mathematics ... a Trillion dollars is 1,000 Billion dollars, and a Billion dollars is equal to a contribution of $3.00 for each and every person wither the person is 9 months, or 90 years old. Using this base of logic, each and every human being in the United States owes the federal government over $42,000 in order to wipe out the current level of debt.
The debt is growing at over 4 Billion dollars a day or by the end of today YOU will have to add another $12.00 to the $42,000 that you and everyone else owes to wipe out the debt our representatives are piling onto us at this moment.
Bankruptcy is a default against a personal debt and everyone owed looses their time and money they invested in meeting the wants and needs of the person who is declaring bankruptcy. The federal debt is still owed to everyone ... and by everyone else.
Translate this to California's debt of 28 Billion dollars the math does not get any better. At an estimated population of 37 million as of July 2009 which will translate to $27.03 for every Billion dollars of debt. Using this logic - each and every Californian is in debt $27.03 for every Billion dollars X 28 Billion = $756.76.
Tea Party Express II kick-off at Tuna Park, San Diego located next to the USS Midway. Image Credit: Neil Turner
Tea Party Express II: Bakersfield & Fresno: You're Next!
Get ready folks, because the second edition of the Tea Party Express is coming to a grassroots, "Take My Country Back" town near you!
The tour entitled "Countdown To Judgment Day" is scheduled to stop at 38 Cities/Towns across the United States starting yesterday, October 25, 2009 and November 12, 2009.
After two very well attended stops at the USS Midway, in San Diego and Griffith Park here in Los Angeles (thousands in attendance at both venues), the Tea Party Express II - "Countdown To Judgment Day" will be continuing on to Bakersfield and Fresno in the San Joaquin Valley (The Big Valley) through central California today.
Kieth Olberman slams the second edition of the Tea Party Express on his extremely low rated, "Countdown, with Kieth Olberman" ... named this way just in case you did not know the vile nature of the presenter. Video Credit: OurCountryPAC
This Excerpted and edited from Tea Party Express, The Blog -
To our fellow patriots in Bakersfield, CA & Fresno, CA - you're up next!
On Monday we'll have these two rallies. Please bring a friend or two, and let's continue the great turnout we've enjoyed so far for the Tea Party Express II: Countdown to Judgment Day!
MONDAY, OCTOBER 26th
9:00 AM - Bakersfield Rally Heritage Park2320 Mt. Vernon Ave. Bakersfield, CA
1:30 PM - Fresno Rally Eaton Plaza2400 Fresno St. Fresno, CA
There were no signs earlier in the day so I didn't stay. I followed the directions but I never found the spot the TP was supposed to be at. By the way the traffic jam is due to a rock concert in Pasadena. YOu need to put up signs in these types of areas as I am sure a lot of people were early and just turned away I was there around 1 pm. October 25, 2009 6:59 PM
The comment was left by a potential spammer. There was a concert, but the U2 Concert that was to be held a few hours later was at the Rose Bowl in Pasadena ... about 12 miles East of Griffith Park.
I saw a local report on the TV news and there were thousands of people in attendance at the Tea Party Express II event in Griffith Park.
Follow the trek of the Tea Party Express II: Countdown to Judgment Day! over the next 18 days as it winds its way across the US, to end up in Orlando, Florida all in an effort to stop the out-of-control spending efforts of our current political leadership in Washington DC.
Hop on board, the attitude is fine!
UPDATE: You can see a slideshow of photos taken at the San Diego kick-off by local supporter Neil Turner - VIEW SLIDESHOW HERE.
If you're fed up with the Presidential politics, and want to get away from it with a little Xbox escapism, don't play Burnout Paradise. The racing game features VIRTUAL BILLBOARDS URGING GAMERS TO VOTE FOR OBAMA. Is the addition of political ads in console games change you can believe in? Caption & Image Credit: therawfeed.com
The Tripe With TARP & The Obama-Nation
The Troubled Asset Relief Fund (TARP) was originally created by the Bush Administration to help as a buffer for homeowners, who were in trouble of loosing their home when the flexible interest rates of the “sub-prime” mortgages they had used to initially purchase their home … increased. The idea was to be able to have the mortgages reset, or better, renegotiated to a level that the mortgages providers would not have their financial instruments be defaulted on by the people who had committed to pay the mortgages.
By having about 700 Billion dollars of TARP (read that as taxpayer money) set aside, the Federal Government felt that banks would be less inclined to foreclose on, or end the financial contract and the economy would remain relatively level and undisrupted.
This may have been effective … MAY … if the Federal Government applied the monies only where there they were needed. What has happened, however, is a massive level of “mission creep” where the Federal Government has decided to force all financial institutions to take money TARP money in exchange for specialized preferred stock, and if these banks did not participate, they would suffer additional activity brought about through audits and other Governmental investigative activity that hinders a bank from transacting a profitable business.
Further, the Federal Government unilaterally converted the Preferred Stock (non-ownership type) to Common Stock (ownership type) and now own an interest in the banks themselves … and remember, many of these institutions never participated in the issuing and selling of mortgages that are the topic of the TARP monies and/or do not have any loans in default.
The Federal Government forced a transition of ownership of privately held, once profitable businesses to be under the management control and influence of Federal Government bureaucrats who have never managed a private business for profit … in the first place.
The above description is an ugly enough scenario without looking at the additional uses of the original Troubled Asset Relief Fund (TARP).
Transportation Stock and Bond Certificates - Chrysler Corporation, Delaware, USA, 1970: $1,000 Sinking Fund Debenture certificate featuring the famous "Chrysler" radiator cap flanked by allegorical female character and company logos. Also includes traffic scenes showing old trucks and vintage cars in the background. Walter P. Chrysler, formerly of Buick and Willys, acquired Maxwell-Chalmers in 1923 and the first car bearing his name was produced in 1924. Chrysler laid the foundations for a motor empire to rival General Motors and Ford when he took over Dodge and launch the Plymouth Four and the De Soto Six in 1928. Punch cancelled. Scarce. VF+ - Red (12" x 8") $95.00 - Image Credit: stocksearchintl.com
This item published three days before Barack Obama took office excerpted and edited from the Washington Post –
U.S. Expands Aid To Auto Industry
Chrysler Financial Gets $1.5 Billion From Treasury; Ford Credit in Talks
By David Cho and Kendra Marr - Washington Post Staff Writers - Saturday, January 17, 2009; Page D02
The government expanded its bailout of the nation's troubled auto industry yesterday, announcing a new $1.5 billion loan for Chrysler Financial while Ford Credit said it was in talks to obtain federal aid.
The money for Chrysler Financial will come from the government's $700 billion financial rescue program. Senior officials from the Treasury and Federal Reserve are hoping the assistance, combined with earlier support for General Motors' chief lender GMAC, will keep auto loans flowing until the two agencies can make more funds available for credit cards, student loans and small business loans.
The developments came on a frantic last work day at the Treasury Department, as officials pushed out the door several key deals and announcements related to the rescue program, known as the Troubled Assets Relief Program, or TARP.
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Last fall, Paulson told lawmakers that the TARP would be used to buy bad assets. But soon after the bill was approved by Congress in early October, he moved away from the idea to provide more direct aid to financial institutions.
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The moves to aid the financing arms of the nation's automakers draw the federal government more deeply into Detroit's troubles.
To date, the government has committed TARP money to provide $17.4 billion for General Motors and Chrysler, $6 billion for GMAC, and now the new loan to back Chrysler Financial.
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"We're still funding our business," said Ford Credit spokeswoman Margaret Mellott, who confirmed the talks, which have been going on for months. "We have strong liquidity . . . It's an ongoing dialogue to free up credit."
Although Ford has said it can survive without federal aid or intervention, it continues asking to be treated the same as its struggling cross-town rivals GM and Chrysler.
----
The support for Chrysler Financial is structured differently than most other loans the Treasury has made from the TARP. Instead of investing money directly into Chrysler Financial, the company is creating a special entity that will receive the government loan. Chrysler Financial can then withdraw those funds to make new auto loans.
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In addition, Chrysler Financial agreed to reduce by 40 percent the pool of bonus money for its senior executives relative to the 2007 levels, among other limitations on what it can pay its top officials.
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"This will provide a great economic stimulus for car buyers across the country," Jim Press, Chrysler vice chairman and president said in a statement.
Chrysler Financial applied for TARP funds in November. In December, Chrysler's sales slid 53 percent compared with the corresponding month a year before.
"This funding will better position us to withstand the current economic challenges until funding becomes available through more traditional commercial sources," said Thomas F. Gilman, vice chairman and chief executive of Chrysler Financial in a statement.
----
Yesterday was supposed to be their last day of work, but many senior Treasury officials kept their government-issued BlackBerrys rather than turn them in. They were given Federal Express envelopes to ship their devices next week, in case they had to work over the weekend.
So, just about three months down the road, Chrysler declares bankruptcy!
The company is broken up into several parts where the United Auto Workers Union becomes the majority share owner – surprise, surprise.
Oh, and the people who invested their money in good faith in the company to get a return on their investment protected by our country’s bankruptcy laws which stipulate that the primary share owners are first honored? The Obama Administration shafted their interests and moved them to the back of the line only allowing them, the investors, a chance at a loss on their investment.
MODERN TIMES: If only the UAW were such a victim as they are depicted here in this R.J. Matson cartoon. The worker caught in a web of gears waiting to crush them up - the truth is that with a 55% ownership of Chrysler, THEY ARE the gears ... they had created through negotiation and now own. Image Credit: R.J. Matson, The New York Observer
This excerpted and edited from CBS News –
Chrysler Bankruptcy Exposes Dirty Politics
Declan McCullagh: Obama Calls Creditors Who Lent Money To Chrysler "Speculators," But What About the Rule Of Law?
May 7, 2009 | by Declan McCullagh
Chrysler's sad tale that led to this week's bankruptcy hearing in New York is not only an important business and political story. It also encompasses morality, the rule of law and strong-arm tactics used by some politicians.
----
During its slide, Chrysler borrowed money from lenders and in return signed a contract promising that as so-called senior creditors, they'd get paid before anyone else if the company went under.
These creditors, by the way, represent something of a cross-section of America: the University of Kentucky, Kraft Foods' retirement fund, the Bill and Melinda Gates Foundation, pension funds, teachers' credit unions, and so on.
A normal bankruptcy filing would be straightforward. Senior creditors get paid 100 cents on the dollar. Everyone else gets in line.
But President Obama and his allies don't want that to happen. So they interfered on behalf of unions (the junior creditors) and publicly upbraided the senior creditors who were asserting their contractual rights and threatening to head to bankruptcy court.
Last week Mr. Obama lambasted them as "a small group of speculators" who "endanger Chrysler's future by refusing to sacrifice like everyone else."
Rep. John Dingell, a Michigan Democrat, sent reporters a statement calling the creditors "vultures" and "rouge hedge funds." Michigan Gov. Jennifer Granholm piled on, taking aim during her radio address at a "few greedy hedge funds that didn't care how much pain the company's failure would have inflicted on families and communities everywhere."
It must be a coincidence that the United Auto Workers has handed $25.4 million to federal politicians over the last two decades, with 99 percent of that cash going to Democrats. And that Mr. Obama's final campaign stop on Election Day was a UAW phone bank.
If those politicians thought about this a bit more, they'd probably realize their mistake. Creditors didn't force Chrysler's management to head to the capital markets and beg for funds: It was poor management, uncompetitive wages, and a union that opposed pay cuts.
Without those greedy "vultures" and "rogues" injecting sorely-needed cash into a business they knew was risky, Chrysler might have been forced to declare bankruptcy much earlier. (And now that lenders know they may be demonized by the president, will they be as likely to help out next time?)
One of the better critiques of this unusual situation comes from Clifford Asness, managing partner at a $20 billion hedge fund named AQR Capital Management. His essay responds to what he called "toxic demagoguery" and says "the president's attempted diktat takes money from bondholders and gives it to a labor union that delivers money and votes for him."
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A document that the non-TARP creditors filed with the bankruptcy judge about the proposed sale to Fiat says: "The sale is far from an arm's length transaction, but rather, is the result of a tainted sales process dominated by the United States government... It is a sale that was orchestrated entirely by the Treasury and foisted upon (Chrysler)... Well before the filing, (Chrysler) had ceased to function as an independent company and had become an instrumentality of the government."
So if you're keeping score, you have a bankrupt company depending on the government for money negotiating with some TARP-funded creditors depending on the government for money and still more creditors who may hold insurance policies with AIG, which depends on the government for money. And we're already hearing similar allegations about General Motors and political interference.
One disturbing report came from a well-respected attorney representing the dissident Chrysler creditors. Thomas Lauria, the head of White & Case's bankruptcy practice, says that he was threatened by Steven Rattner, the White House's auto task force chief. (A White House spokesman denies making any threats.)
"I represent one less investor today than I represented yesterday," Lauria said on a Detroit radio show. "One of my clients was directly threatened by the White House and in essence compelled to withdraw its opposition to the deal under threat that the full force of the White House press corps would destroy its reputation if it continued to fight. That's how hard it is to stand on this side of the fence." Lauria said that his clients were willing to compromise on 50 cents on the dollar, but the government offered them only 29 cents.
In the Federalist Papers in 1788, James Madison wrote that "laws impairing the obligation of contracts are contrary to the first principles of the social compact, and to every principle of sound legislation." Unfortunately, Washington politicians seem to pay little attention to history, morality, or the rule of law.
All of this economic upheaval and Federal Government takeover of private enterprises are only the beginning of the misuse of tax money and the trust of the American people.
Within the first six weeks, a "Stimulus" appropriations bill was passed that increased the budgets of all Federal Government entities by an average of nearly 80% followed by the "Omnibus" appropriations bill that increased the budgets of all Federal Government entities by an additional 8%. Some agencies in six weeks saw a 100% increase in the amount of tax money they could spend ... this at a time of under 4% inflation.
We, at MAXINE hope you are enjoying these first four months of Carter's Second Term!
President Obama after meeting with, from left, National Economic Council Director Lawrence H. Summers, Sen. Christopher J. Dodd (D-Conn.), Treasury Secretary Timothy F. Geithner and Sen. Richard C. Shelby (R-Ala.). Image Credit: Bill O'leary/The Washington Post
Stimulate This, Jimmy Carter
The poor economic record of the Carter years ... and in particular, the unusual combination of high inflation and high unemployment ... was an important reason for Carter's loss of popularity and his 1980 defeat.
The 39th President of the United States has nothing on the potential for economic havoc that liberal federal government spending will have once the 44th President, Barack Obama, has his proposed $3.5 to $4 trillion dollar budget approved and placed into action.
The budget proposal released today is coming on the heels of the approval of $787 Billion dollars of tax monies to stimulate our economy ... the largest spending bill ever passed by our leaders in the U.S. Congress in the history of the United States.
Just to try to understand how much money of our citizen supported spending, the Government has approved on our behalf, after hearing that the next budget President Obama wants to have approved may spend about $4 Trillion dollars.
This all becomes a little inconceivable.
Example:
If one was to spend only $1,000,000 (that's one-million dollars) a day and intended to spend this money until one had spent $1,000,000,000,000 (one-trillion dollars), one would not finish until three (3) thousand years from now.
So, TIMES FOUR (4) – that’s a million dollars a day for twelve-thousand years!
There are only three-hundred million (300,000,000) men, women, ... and children who live in the United States – do the math.
The Obama Effect - This chart, showing the utter devastation Obama has wrought on the stock market, is from Investor's Business Daily. This excerpted and edited from Commentary Magazine -
How Big Is Big? Jennifer Rubin - 02.25.2009 - 7:07 PM
The spending numbers become meaningless after awhile. This helpful guide puts things in perspective:
$787 billion would buy 4.6 million homes here in the US at the most recent median price of $170,300 for January 2008.
$787 billion would send a check for $2,623 to every man, woman and child in the US.
$787 billion would fund 7.7 million four year scholarships to the average private university in the US at current tuition rates.
$787 billion would fund 30 million full four year scholarships to the nation’s public universities.
$787 billion would buy 27.7 million cars at the average price of an automobile sold last year in the US.
$787 billion would fund four full months of a tax holiday in the US.
This not only helps clarify how much we are spending, but how poorly we are allocating taxpayer dollars. If we actually did a couple of these things there might be broader support even among conservatives for the stimulus or the other spending projects Democrats have in mind. However, who thinks we’re going to get much value or immediate productive economic activity from the $787B?
You have the sense that, if they tried, they couldn’t spend the money in a more inefficient and less productive fashion. And you’d be right. The Democrats’ goal is to expand the public sector and pet liberal projects, not to worry about efficiency and productivity.They’re doing a fine job. Reference Here>>
Then there is this little budget of $4 Trillion dollars and the claim that it will reduce the deficit by half.
This excerpted and edited from The Washington Post -
In President's Budget Plan, Broad Agenda and a Few Gaps By Lori Montgomery, Washington Post Staff Writer - Thursday, February 26, 2009
President Obama's spending plan is built on the assumption that lawmakers can resolve some hugely contentious issues -- and it relies on a few well-worn budget tricks.
The request he will deliver to Congress today proposes to provide what administration officials are calling a "down payment" on a major expansion of health care coverage for the uninsured. It identifies $634 billion in tax increases and spending cuts to cover the cost of part of the program, but does not say how the administration hopes to raise the rest of the money -- hundreds of billions of dollars more. "TBD" has been penciled into categories for cost savings and benefit reductions.
Obama's budget also would make permanent a tax cut for the middle class enacted in the recent stimulus package. But to pay for it, the president counts on a big infusion of cash from a politically controversial cap-and-trade system, which would force companies to buy allowances to exceed pollution limits. Even if that plan is approved, some lawmakers have other ideas about how to spend the money. ---- "They've painted the worst-case scenario in order to make it as easy as possible to improve on," said Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget, which champions deficit reduction. “But I'd like to see them go much further in terms of fiscal responsibility in actually closing that deficit gap." ---- "It's a bold plan. This is big strokes. This is not a budget about little things," said Rep. Chris Van Hollen (D-Md.), a member of the House leadership. ---- A senior administration official, speaking on condition of anonymity because the budget has not been released, said the spending proposal is just a summary of a fleshed-out plan that will be complete in April. In addition, some details were intentionally left out of the document because the president did not want to dictate policy changes to lawmakers.
The health reform proposal, for example, "is the starting point of a conversation with Congress," the official said. "We're not going to go to Congress and say, 'Here's the plan.' We're starting a conversation and saying, 'This is what we want to get done.' " ---- The deficit is perhaps the trickiest issue in Obama's spending plan. He has pledged to cut it in half by the end of his first term. Specifically, administration officials say the annual gap between federal spending and tax collections will fall from something north of $1.4 trillion this year -- the highest since World War II -- to $533 billion in 2013.
But Republicans and some budget analysts noted that this highly touted goal is not particularly ambitious: This year's budget deficit is bloated by spending on the stimulus package and various financial-sector bailouts, expenses unlikely to be repeated in future years. The nonpartisan Congressional Budget Office recently predicted that the deficit could be halved by 2013 merely by winding down the war in Iraq and allowing some of the tax cuts enacted during the Bush administration to expire in 2011, as Obama has proposed. That alone would cut the deficit to $715 billion, according to the CBO.
"It's easy to cut the deficit in half after you've quadrupled it," said Brian Riedl, a budget analyst at the conservative Heritage Foundation. "The end of the recession, the drawdown of Iraq spending and the end of temporary stimulus spending will by itself cut the deficit in half. He should do more." ---- The official defended the administration's figures, saying they accurately represent recent war costs. "It's a change in our policy that is going to bring those costs down," the official said.
But several budget analysts criticized the speech as misleading.
"It's a hollow number," said Sen. Judd Gregg (R-N.H.), the senior Republican on the Senate Budget Committee, who recently withdrew as Obama's nominee to head the Commerce Department. "You're not getting savings if you're assuming spending that isn't actually going to occur." Reference Here>>
Ahhhh! The benefits of Central Planning ... it took only 12 Five-Year Plans to bring down the Soviet Union. How long will it take to dismantle the freedoms we enjoy here in the United States (many say the freedom train has already left the station).
We, at MAXINE, believe this is Carter's Second Term ... on STEROIDS!!!
Republican lawmakers are raising concerns that ACORN, the low-income advocacy group under investigation for voter registration fraud, could be eligible for billions in aid from the economic stimulus proposal working its way through the House. House Republican Leader John Boehner issued a statement over the weekend noting that the stimulus bill wending its way through Congress provides $4.19 billion for "neighborhood stabilization activities." He said the money was previously limited to state and local governments, but that Democrats now want part of it to be available to non-profit entities. That means groups like ACORN would be eligible for a portion of the funds. Image Credit: FOX News
Social Web Meets The Financial Fed
In Carter’s Second Term (Barack Obama’s 44th Presidency), the citizens of the United States are faced with a very fast moving Federal Government that is being directed by the Barack Obama Administration to spend out our tax money at a record rate.
The sweeping spending and economic stimulus plan recently passed by the House of Representatives on a one-party vote (the Democrat Party) proposes massive spending transfers to recognized money wasting, non job producing, “”shovel-ready” pet projects rooted in liberal socialist political philosophy – that is, to pay people for votes and political allegiance.
Examples of the type of projects this Executive Branch and Democrat controlled Congress believes will stimulate the American economy includes $4.19 billion for "neighborhood stabilization activities." (read that ACORN), $1 billion for Amtrak, the federal railroad that hasn't turned a profit in 40 years, $2 billion for child-care subsidies, $50 million for that great engine of job creation, the National Endowment for the Arts, $400 million for global-warming research, $2.4 billion for carbon-capture demonstration projects, $650 million on top of the billions already doled out to pay for digital TV conversion coupons, $150 million for Honey Bee Insurance, and there is more … much more.
So, how does one find out what is being discussed and potentially placed into law as it relates to ones tax dollars being spent and be a part of a social web process at the same time?
Enter the Daylight Network, on Monday, daylightnetwork.com, launched with a $5,000 Obama Prediction Market, and a suite of tools designed to help citizens (you and me) audit the federal government.
That’s right, just register and vote on what projects listed will pass, get bigger, fail, and possibly make money along the way through your prediction.
Home Page of Daylight Network - The more and more Americans learn about the stimulus package, the less they like it. Today, according to the Rasmussen poll, less than 37% of Americans are now in favor in the plan that now nears $1 trillion. We have dissected every major provision of the bill made it available for everyone to vote on every single line item. We are updating our results every few hours and blogging, phoning, faxing, e-mailing, and tweeting the results across the country. With enough momentum we can influence the Senate and cut the pork! Caption & Image Credit: Daylight Network
This excerpted and edited from MHT (Mass High Tech – the journal of New England technology) - Federal gov’t audit website Daylight Networks launches By Galen Moore, MHT - Monday, February 2, 2009
Amateur political pundits: Aaron Day has got $100 cash for you.
The CEO of Tangerine Wellness Inc., a Boston company that provides corporate weight management programs online, has co-founded Daylight Network. Its site, daylightnetwork.com, launches today with a $5,000 Obama Prediction Market, and a suite of tools designed to help citizens audit the federal government.
The Obama Prediction Market treats predictions about President Barack Obama’s first 100 days like publicly traded stocks. Each member gets $5,000 in online “currency” to invest in – or short sell against – predictions. Stocks rise in value as more people buy in, and at the end of the president’s first 100 days, the top 50 traders split a $5,000 pot.
The site is free. ---- “I’ve always been strongly interested in politics,” said Day. He came up with the idea for Daylight Network about two years ago, but left it alone because he didn’t think anyone would be interested. “Now, we’re in extremely difficult times and people are looking for answers.”
In addition to the prediction market, the site provides calculators that show how federal dollars are spent.
An individual taxpayer can find out exactly how the government is spending each dollar of his or her tax money. Home pages for each government organization give an overview, a news feed and a list of non-government alternatives.
“What I wanted to do is provide some transparency so that people can appreciate what the government does and audit the government independently,” he said.
His hope is that an online community will grow up around discussions of possible solutions.
To solve the country’s financial problems, “It is going to take not just government,” Day said. “It’s going to take the private sector, non-government organizations, everything is going to have to be motivated.” Reference Here>>
Minimize the effects brought to us through the Jimmy Carter Presidency ("Stagflation" where recession and inflation existed hand in hand, and etc.) - We, at MAXINE suggest you please contact Senators Collins - Maine, Snowe - Maine, Gregg - NH, Murkowski - ALASKA, and Grassley - Iowa to Vote NO on the Spendulus/Stimulus Bill!
Image Credit: citytowninfo.com
