Moral Outrage
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Posts Tagged ‘federal

US risky credit rating further erodes American dollar economy

April 20, 2011

For every dollar the federal government spends, it takes in less than 60 cents in revenue. And Standard & Poor’s (S&P) has now threatened to downgrade the United States’ prized AAA credit rating unless the Obama administration and Congress find a way to slash the yawning federal budget deficit within two years. A downgrade, which […]

Federal subsidy renovates luxury hotel in Chicago

February 15, 2011

The landmark Blackstone Hotel in downtown Chicago, which has hosted 12 U.S. presidents, opened in 2008 after a two-year, $116 million renovation. Inside the Beaux Arts structure, buffed marble staircases greet guests spending up to $699 a night for rooms with views of Lake Michigan. What’s surprising isn’t the opulent makeover: It’s how the project […]

Even More Americans in Poverty Than Previously Known

January 7, 2011

The number of poor people in the U.S. is millions higher than previously known, with 1 in 6 Americans — many of them 65 and older — struggling in poverty due to rising medical care and other costs, according to preliminary census figures released. And government aid programs such as tax credits and food stamps […]

Money for War but not America’s Poor

December 18, 2010

The House on Friday passed legislation that authorizes the Pentagon to spend nearly $160 billion on the wars in Iraq and Afghanistan this budget year, and this without debate. Meanwhile, increasing millions of Americans are currently living in “deep poverty”, with unemployment is soaring. To make matters worse, the Federal government has made welfare cuts […]

Ron Paul: “The real problem is that the American people have been too submissive”

November 20, 2010

“[W]e have to realize that the real problem is that the American people have been too submissive. We have been too submissive. It has been going on for a long time. … “[T]he bill that I have introduced … is very simple. It is one paragraph long. It removes the immunity from anybody in the […]

TSA full body scanners et al Osama bin Ladin must be giggling himself silly

November 19, 2010

Ten years after 9/11, Americans who fly are facing a Faustian choice between subjecting themselves to a virtual (and potentially medically damaging) strip search conducted in questionable machines run by federal employees, or a psychologically damaging pat-down of their bodies. TSA has established itself as the lead federal agency charged with perpetuating this risk-averse culture […]

U.S. Wars are making us poorer by the minute

May 28, 2010

Next year’s budget allocates $159,000,000,000 to “contingency operations,” to perpetuate the occupations of Afghanistan and Iraq. That’s enough money to eliminate federal income taxes for the first $35,000 of every American’s income each year. And beyond that, leave over $15 billion that would cut the deficit.

FDIC obligations soon to be U.S. taxpayer obligations

May 16, 2010

According to AP, the FDIC’s deposit insurance fund “hit a $20.9 billion deficit as of [Dec. 31, 2009].” Prior to this past week‘s bank failures, the FDIC’s estimated losses from the previous 57 U.S. bank failures (in 2010) stood at about $8.6 billion. –Now the figure is $15.93 billion. So the FDIC deficit has grown […]

More of the Same Sh** from the Slimey Swamps of the Wall Street Bank Barons

April 19, 2010

The first thing people need to understand is that the economic crash wasn’t a crash for the people who caused it. The economic top 1% of the population now controls a record 70% of all financial assets. While the economic crisis has been devastating for 99% of America, the Wall Street elite are awash in record […]

Only 21% believe U.S. Government has consent of the Governed

February 21, 2010

The founding document of the United States, the Declaration of Independence, states that governments derive “their just powers from the consent of the governed.” Today, only 21% of Americans believe U.S. Government has consent of the governed. Seventy-one percent (71%) of all voters now view the federal government as a special interest group. And 70% […]