Bush sorry legacy will include a presidential library

You can turn on any news program or 24-hour cable channel, and it's a pretty good bet you will see soon-to-be-former President G ... no one has been able to find.7. The National Debt Room, which is huge and has no ceiling.8. The Tax Cut ... Gonzales Room, where you won't be able to remember anything.3. The Texas Air National Guard Room, where [more...]

Date: 2009-01-15 21:25:00

Blog posts (303) | Videos (101)
 

Feldstein's Heresy on Fiscal Policy?

Here are a few reactions to Martin Feldstein's recent WSJ commentary on the effectiveness of the stimulus package ... , including the paydown of debt.... The small rise in spending in response to these tax rebates [more...]

Date: 2008-08-07 18:07:00

"Is The Deficit A Threat To A Future Recovery?"

Jamie Galbraith responds to the question posed by the National Journal, "Is the deficit a threat to future recovery?" James K ... problem is not that it is too big, but that it is too small. Far too small. In principle ... device to promote expansion, since tax savings will be used first to try to pay down debt... A major [more...]

Date: 2008-12-03 20:24:00

Latest News in Goverment Grants and Debt Relief - Jan 06, 2009

Obama supports $300-billion tax-cut plan - Globe and Mail 6 Jan 2009 at 4:29am Fake Name from Canada writes: Snort … that’s going to fast-track the US government into bankruptcy. Apparently he is an empty suit after all. It’s not like they’re anywhere near solvent as things stand now, so a major cut to government revenues … EDPRS: [more...]

Date: 2009-01-06 12:26:07

Have You Considered Debt Consolidation?

One of the solutions suggested by debt specialists is debt consolidation, wherein accumulated unpaid debt can be paid through it ... , water, cable, internet connection, income and property taxes, credit card and transportation ... who do not include credit counseling first before offering options like debt consolidation service [more...]

Date: 2008-11-19 15:33:05

The unseen effects of landfill tax

Dear The Skip, Not too long ago, Mr Darling and Mr Brown decided that they needed a lot more tax to help fill the hole of incompetence they find ... bad debt relief for waste carriers. So if the waste producer goes bust the waste carrier still [more...]

Date: 2008-06-17 20:31:35

Stimulus Bill Outlined By House Democrats as Senate Budget Sees a Wall of Debt

This morning, House Democratic leaders released summaries of the $275 b. of tax cuts and $550 b ... to stimulate the economy.  The bulk of it paid down debt or was saved.  Now we're trying again ... mortgage foreclosures and to clean "troubled" assets from bank balance sheets.  Allen Sinai supported [more...]

Date: 2009-01-15 22:04:23

Bush Would Leave Legacy He Never Imagined

Bush-george-13 Wars. Recession. Bailouts. Debt. Gloom. The unvarnished review of George W ... . He got his tax cuts and education law in the first term, then swung hard and missed on Social Security [more...]

Date: 2009-01-11 12:43:03

The IRS Will be Hiring

If Barack Obama is elected, the Internal Revenue Service had better double its workforce because the amount of cheating on tax returns will rival ... . I don't even know how deep in debt the nation is at this writing, but I am of the view [more...]

Date: 2008-10-16 18:24:43

Thanks Jim

Thanks Jim September 11th, 2008 at 1:00 pm Jim Anderton released National’s draft health policy yesterday, and look at the headlines: ... because of tax cuts voluntary bonding would be offered in return for student loan debt write-offs in hard [more...]

Date: 2008-09-11 01:00:01

What Barack Obama’s Economic Plan Does for Internet Marketers

There are a few great things about Barack Obama’s new economic plan, and some of them should help us out as internet marketers ... -term plan to give middle-class families at least $1,000 per year in tax savings. The personal ... to put this extra $1,000 towards savings or debt, I believe most everyone will continue to spend [more...]

Date: 2008-11-05 15:46:44

Your tax dollars at work?

By Denise Ross If you can believe Rapid City property developer Doug Hamilton -and that does seem to be a big “if” - our tax dollars helped fund ... of his loan defaults, bounced checks and his bad business debt that stretches into the 10s of millions. ($18M in foreclosures so far, and possibly up to $45M in total debt, he says.) It all makes [more...]

Date: 2009-01-13 15:12:53

Goldman Sachs Tax Rate Drops To 1%

Very, very bad public relations. And I thought it was bad PR when the auto company CEOs flew to Congress in private jets to ask for a bailout ... billion and debt guarantees from the U.S. government in October, expects to pay $14 million in taxes ... is cause for concern. “This problem is larger than Goldman Sachs,” Doggett said. “With the right [more...]

Date: 2008-12-17 22:22:54

A growing financial burden By John Schenkenfelder Mr ... to revive America's economy. In the short term, we can easily justify massive tax cuts, corporate ... this nation has selfishly failed to balance its budgets and reduce debt. When the economy is back [more...]

Date: 2009-01-15 20:44:03

“Throw Some $G’s on That B*tch…”

Posted by Bossip Staff Marece Richards, aka, Rich Boy, owes hella stacks for bustin’ off at a fella back in ‘05: ... of his available property. According to the Atlanta Journal Constitution, a tax accountant from Mobile ... Boy is alleged to still owe $312,500 on the debt. Greg Miller, the rapper’s publicist, could [more...]

Date: 2009-01-14 11:30:51

A short note on a payroll tax "holiday"

By TigerHawk at 1/13/2009 09:13:00 AM Should we immediately pump money into the economy via a payroll tax holiday? ... will save most of the money or use it to pay down debt, rather than spend it or invest it an actual project ... debt. Why will it help (more than a little) to move yet more liabilities on to the federal [more...]

Date: 2009-01-13 14:13:00

Proposed FY 09 Budget

Last night, 1/12/09, Dr. Tanner presented a budget proposal to the School Board ... a highly controversial cigarette tax and removal of $450 million from the rainy day fund ... grounds/maintenance •    -$20,000 debt service decrease •    -$172,695 facilities •    $0 spent [more...]

Date: 2009-01-13 15:10:09

IRS Doing Their Part to Ease Mortgage Crisis

IRS Doing Their Part to Ease Mortgage Crisis 17Dec08 ... determines that taking a secondary position will ultimately lead to collection of the debt. The IRS has urged all prospective homeowners in such situations to contact the agency’s Collection Advisory [more...]

Date: 2008-12-17 19:05:41

City hall lowers tax levy with $3.54 million budget

By MICHELLE MCLEAN Lower taxes. Hillsboro city commissioners approved a $3.54 million budget for 2009 and lowered the mill levy by 3.8 mills ... debt service for previous improvement projects and amount to a flow-through sums — taxes collected [more...]

Date: 2008-10-10 16:50:00

Durbin Gets a Clue

Durbin Gets a Clue Posted by HughS Published: January 10, 2009 - 7:40 PM Michael G. Franc at The Corner notes that Senator Dick Durbin ( ... , when taxpayers choose to reduce debt (and personal risk) instead of spending the money we have yet another ... trust a tax cut more than a one time stimulus payment in the same way a politician understands [more...]

Date: 2009-01-11 00:40:56

THE DEMON ECONOMIST OF MAIDA VALE; ARE 800 YARDS ENOUGH TO KEEP AMERICA FROM DEVOLVING INTO 3RD WORLD MEDIOCRITY?

America cannot stomach the bare facts of economics. What goes up must trough at some point, level, and then rise again ... these must be tax cuts for small businesses and relief for Americans who are threatened with foreclosure ... of debt that by itself could doom the US economy. Most importantly, it must put people who wish [more...]

Date: 2009-01-09 21:59:00

A Tax Lawyer Can Sweeten The Bottom Line

You’ve worked and reworked your tax returns until it feels like your eyes are going to pop out of your head ... the final debt to the Internal Revenue Service a bit easier to handle. They include: Checking for errors – A tax lawyer is much more skilled at handling numbers and IRS tax code than a layman [more...]

Date: 2009-01-06 21:29:03

Bush Legacy And Reality

Frank Rich over at NYT has an article up concerning financial and other high jinks under GWB ... the damage it must help counteract: more than $10 trillion in new debt and new obligations piled ... to these economic factors no realistic resolution of illegal immigration/illegal hiring, tax policies [more...]

Date: 2009-01-11 21:03:00

Ten Plagues Brought by Global Warming

Fox News looks back on 10 things that have been blamed on global warming over the past year: 1. Cannibalism 2 ... . Killer stingray invasion Thanks to moonbattery, we'll be bequeathing a mountain of debt ... to look back and laugh at. german-beer.jpg More expensive beer is actually caused by greedy tax [more...]

Date: 2008-12-24 14:31:37

China: The Power Behind the $700 Billion Bailout

As Congress prepares to gift $15 billion to the three U.S. auto makers, there remains the mystery behind this year’s $8 ... . Yes, taxes will pay part of the bill. But the rest will be piled onto the national debt, which ... That Lend You Money,” which is Mr. Gao’s primary advice. One of Mr. Gao’s thoughts illuminates his take [more...]

Date: 2008-12-10 16:48:41

China: The Power Behind the $700 Billion Bailout

As Congress prepares to gift $15 billion to the three U.S. auto makers, there remains the mystery behind this year’s $8 ... . Yes, taxes will pay part of the bill. But the rest will be piled onto the national debt, which ... That Lend You Money,” which is Mr. Gao’s primary advice. One of Mr. Gao’s thoughts illuminates his take [more...]

Date: 2008-12-10 19:31:00

Do You Have To Pay Taxes Selling On eBay?

Last week the M-Network launched a new feature called Ask the M-Network where readers can ask any financial questions ... debt. Is there a minimum amount that I can make before I have to pay taxes on my eBay income [more...]

Date: 2009-01-12 13:16:09

Life in Gordon Browns socialist "Cool Britannia" - Debt collectors to pay for social engineering.

Yep, common sense go's out of the window. Never mind that folk can not pay the ever expanding tax bills, ... huge legal costs arising from bank-rupcy orders that dwarf the original debt, according to Citizens [more...]

Date: 2009-01-09 10:14:00

Are They Seriously Delusional?

By Chuck Butler, Editor of Currency Capitalist www.worldcurrencywatch.com This is getting ridiculous. Reuters reported last night that the U.S ... , when nothing but Fed rate increases, and the tax amnesty for U.S. Corporations doing business overseas propped ... plans, their money supply injections, their guarantees on debt, the fact that they taking [more...]

Date: 2009-01-15 19:22:48

GOP Urging Restraint In Stimulus Debate

Out of power, Republicans appear to be retreating to familiar old ground. They're becoming deficit hawks again ... . John Cornyn, R-Texas. Asks House Minority Leader John Boehner, R-Ohio: "How much debt are we going ... are seeking to change the mix in Obama's proposal to include more tax breaks [more...]

Date: 2009-01-11 14:34:04

Obama Considering $310 Billion Tax Cut

The Wall Street Journal has sent a news alert that says that Obama is mulling a stimulus plan that will rely more heavily on tax cuts than initially ... of the overall tax relief would involve cuts for people who pay income taxes or who claim the earned-income ... at all income levels are carrying a lot of debt, and given how any kind of missed payment [more...]

Date: 2009-01-05 02:51:52

Alt-A and ARM resets could trigger another crisis!!!

We are winding down out of subprime and going into Alt-A and ARM resets. We have government funding for homes in two ways. One, incentives with lower rates and tax credits, but, there is more. The GSE’s are allowing loans that are 105% and where the monthly debt to income is over 60%. These loans have high default rates and we will pay the price as unemployment stays high. quote Let’s look at a few facts: The Fed is literally the entire mortgage market. Yes, really. [more...]

Date: 2009-09-29 18:15:58

Approved

Congress OKs release of final $350B of bailout- AP “Congress laid the foundation for President-elect Barack Obama’s economic recovery plan on ... for the financial industry while majority Democrats proposed spending increases and tax cuts totaling a whopping ... but balance sheet solvent if it holds illiquid assets, particularly against short term debt. [more...]

Date: 2009-01-16 00:29:11

How are they doing now?

After yesterday’s less than stellar day on Wall Street, I couldn’t help but think of this post that I wrote back in October 2006 ... to reposition your equity and employ those funds elsewhere. Consolidating non-tax preferred interest ... to start investing in your future than today. In many cases, homeowners who restructured their debt [more...]

Date: 2008-10-07 13:00:22

Tax Cuts and Spending Reform

Thursday, January 15, 2009 Labels: economy #fullpost{display:inline;} ... publicly held debt was at 48% of the GDP, this will rise to 54% in 2010. If current fiscal policy [more...]

Date: 2009-01-15 19:09:00

Japanese Rating Agency Chief Recommends Marshall Plan for US

In part because the Japanese corporate bond market is no where near as deep and large as its US counterpart, ... . Treasury yields, which are near record lows, may fall further without debt relief, making ... . And they have met their Kyoto agreement greenhouse gas reduction targets too . When one mentions tax cuts [more...]

Date: 2008-12-24 04:44:28

Nasheed should stop taking the begging bowl to India and international loan sharks to acquire hundreds of millions of foreign debt: The best way forward to deal with the country’s financial need is to introduce a tax system

The front page of Hindu stated President of Maldives Mohamed Nasheed seeks diverse help from India ... in the Maldives and in line with international best practice. 2. To attempt to all possible avenues [more...]

Date: 2008-12-26 23:26:46

Donate Your Car To Goodwill - And Receive Its FULL Value!

It’s that time of year again.  If you haven’t started doing so yet it won’t be long before you start dragging out boxes of receipts and paperwork ... on your tax return will be sent to you, including a donation receipt and the IRS Form 8283. That’ ... that debt without having to go to jail for noncompliance.  Well, have you considered participating [more...]

Date: 2009-01-13 00:13:00

The Case for Doing Nothing About Foreclosures

Should we do nothing about the foreclosure machine? That’s the argument today from Lex at the Financial Times ... -A mortgage delinquency numbers has been the $100bn worth of Federal tax rebate cheques distributed ... - the Countrywide solution - usually leads pretty quickly to failure, but reducing the amount of debt [more...]

Date: 2008-12-10 14:30:58

Time to Stop Earmarks!

December 17, 2008 Filed under Economy, National Politics Tags: Economy, No More Taxes! ... from paycheck to paycheck wondering how I am going to pay my rent or student loan debt [more...]

Date: 2008-12-17 05:00:06

Eight Burmese human trafficking victims were freed during a raid by Thai immigration authorities in Mahachai, Thailand, yesterday. The victims include

January 13, 2009 ·Hurform-Immigration raid frees eight human trafficking victims near BangkokJanuary 13, 2009Women and Child Rights Project: ... they had agreed to work off a 25,000 baht debt to the trafficker who transported them to Thailand ... village, Mudon Township, is enriching himself by collecting higher taxes than his counterparts [more...]

Date: 2009-01-14 02:16:00

Eight Burmese human trafficking victims were freed during a raid by Thai immigration authorities in Mahachai, Thailand, yesterday. The victims include

January 13, 2009 ·Hurform-Immigration raid frees eight human trafficking victims near BangkokJanuary 13, 2009Women and Child Rights Project: ... they had agreed to work off a 25,000 baht debt to the trafficker who transported them to Thailand ... village, Mudon Township, is enriching himself by collecting higher taxes than his counterparts [more...]

Date: 2009-01-13 15:54:00

How To File for Bankruptcy If You Are An Individual

Here is a quick guide to how to file for bankruptcy if you are an individual. -  Contact a reliable bankruptcy attorney . -  Bring along all your financial papers including outstanding bills, bank statements,paycheck stubs from the most recent six months, copies of mortgages and car loans and tax returns to your first meeting with your bankruptcy attorney. -  Your bankruptcy paperwork, called a petition, must list every debt you currently owe. [more...]

Date: 2009-09-26 14:22:34

Cameron offers savings tax cut plus clamp on public spending

David Cameron took the side of savers hit by tumbling interest rates yesterday and promised to abolish tax on the savings income of all basic-rate ... , he said, was facing a "catastrophic legacy of debt and disrepair"; he sometimes wanted to shake [more...]

Date: 2009-01-06 00:06:23

Spending our way out of debt.......from Rico

Don't try this at home! Spending your way out of debt, by creating more debt just doesn't work for individuals, or nations. The OECD chart illustrates that public spending on the back of unsustainable tax revenues leads to structural deficits which will NOT vanish after the crisis is over. Policy measures across many nations will prolong the recession/depression, and lead to lower tax revenues and higher unemployment. [more...]

Date: 2009-09-29 07:14:00

Dark Days for the Golden State

Dark Days for the Golden State). After all, debt requires interest and principal payments and those payments come from one source — taxpayers.  If we keep ratcheting up taxes, we will simply delay [more...]

Date: 2008-12-22 20:36:40

MOODY'S UPGRADES WILLIAMSON COUNTY (TN) TO AAA Bond rating

I just heard this on 950 WAKM's noon news update....Good news for Williamson County government and its citizens ... million of previously-issued parity debt. The General ObligationBonds are secured by the County's ... projects. The School Bonds are secured by an unlimited property tax pledge on all county taxable [more...]

Date: 2009-01-12 18:17:00

Paid Estimated Taxes, Who Sold Their Car? @ The Roundup

On Estimated Taxes The weekend was uneventful but we did have to pay our estimated taxes a few days ago ... out after reading about John McCain’s credit card liabilities. Over $100,000 in credit card debt ... month. Interesting bit here on the credit card habits of our political candidates. Five Cent [more...]

Date: 2008-06-16 16:02:44

Suzee Orman Says “Pay off Your Mortgage, Boomers” - But I’m Not Sure

Suze  Orman has a new book that she’s promoting on Oprah’s website: Suze Orman’s 2009 Action Plan ... Your Mortgage says that carrying mortgage debt into retirement can wreak “financial havoc.”  He takes the reader through three scenarios of mortgage repayment, to review the tax effects of paying off [more...]

Date: 2009-01-12 16:48:32

Why Should I Incorporate?

Benefits of Incorporating(A) Separate Legal EntityThe act of incorporating creates a legal entity called a corporation, commonly referred to as a " ... , go into debt, enter into contracts, sue or be sued. A corporation's money and other assets belong ... is generally lower than the individual tax rate, incorporation may offer you some fiscal advantages [more...]

Date: 2009-01-08 21:03:00

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