Four IRS Taxpayer Assistance Centers in Houston will be open Saturday,June 5 from 9 a.m. to 2 p.m. local time. The IRS is holding these special Open Houses to help small…
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Shuttle Atlantis Returns Home After Final Flight
May 26, 2010
Space shuttle Atlantis and six astronauts ended a 12-day journey of more than 4.8 million miles with an 8:48 a.m. EDT landing Wednesday at NASA’s Kennedy Space Center in Florida.
The…
Continue reading Shuttle Atlantis Returns Home After Final Flight
European Bailouts at Our Expense
May 18, 2010
Last Sunday, the International Monetary Fund formally approved $40 billion in loans to help prevent Greece from defaulting on its massive debt. US taxpayers are the IMF’s largest contributors, and we now bear the risk if Greece defaults on the IMF loans. More troubling, Greece may not be the only debt-ridden nation asking for a bailout in the near future. Several EU nations, countries that joined together to challenge America’s economic dominance, may soon be in a similar situation.
$145 Billion and Counting
May 11, 2010
Fannie Mae and Freddie Mac’s blank check from the Treasury Department poses a huge risk to the American taxpayer. Just this week, Fannie and Freddie asked for an additional $8.4 billion and $10.6 billion in federal aid after posting massive losses. This brings total taxpayer assistance to $145 billion. Both Fannie Mae and Freddie Mac have acknowledged that further losses are imminent, and the Congressional Budget Office estimates that Fannie and Freddie ultimately will cost taxpayers $389 billion.
Moody’s: U.S. Debt Shock May Hit In 2018, Maybe As Soon As 2013 – IBD
May 10, 2010
“While we see limited risk of a U.S. sovereign debt downgrade in the next 2-3 years, beyond that we cannot be so certain,” wrote Societe Generale’s economics team in a recent report.
Continue reading Moody’s: U.S. Debt Shock May Hit In 2018, Maybe As Soon As 2013 – IBD
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