government

Do we really need help with getting more debt?

Today a new rescue program called the Term Asset-Backed Securities Loan Facility (TALF) was announced by the Treasury and Federal Reserve to support owners of securities backed by

When will the bailouts stop? A summary of 2008 stimulus packages and bailouts in the United States

2008 will probably go down in history as the year of bailouts, crashes, and meltdowns. Here is a quick run down of all the laws and bills congress pushed through with lightning spe

Download the 451-page bailout proposal

Well folks, I hope you have plenty of time on your hands. The initial 3-page document that Bush and Paulson put forward has grown somewhat. It's hardly surprising, considering how

Root cause of the financial crisis

Several times recently, Treasury Secretary Paulson (and many others) have claimed that the "root cause" of the current financial crisis is "the housing correction." This is comple

Shadow Government Statistics - Is the government manipulating numbers to make the economy look better than it really is?

About a year ago I wrote an article about the Consumer Price Index that made some friends say that I am a conspiracy theorist, but apparently I am not alone in believing that the g

The most important FREE piece of paper you'll ever receive.

It is the foundation for the way the United States Government is organized. It is the supreme law of the U.S. And It was adopted on September 17th, 1787 in Philadelphia, Pennsylvan

We Are Our Own Worst Enemy

Today my friend sent me an article titled "We Have Met the Enemy" by Knight Kiplinger, the Editor in Chief of Kiplinger publications. It is a blunt article pointing out that Americ

Making direct deposit safe for the garnished

The US Treasury pays more money to more people than just about anybody in the world. Last year it disbursed more than $1.6 trillion in 982 million individual payments. As you can

More Tax Credits Coming for Homebuyers?

Yesterday I read a news item that stated the House and Senate are considering another tax benefit for homebuyers and homebuilders. The idea the House is considering is basically g

Is It the End of 6% Real Estate Commissions?

This week the Justice Department reached an antitrust settlement with the National Association of Realtors that is meant to spur competition and bring down the standard 6% commissi

Book review: Supercapitalism

For most of the 20th century, capitalism and democracy seemed to go hand-in-hand. After all, every democratic country was largely capitalist and nearly every capitalist country wa

Should You be Ashamed to be on Public Assistance?

Government assistance such as the Food Stamp Program and cash welfare payments are sticky topics of discussion. What exactly is frugal about us

Help yourself to amazing photos from The Library Of Congress

I'm must confess, I'm a bit of a history junkie. I can often be found digging through The History Channel On Demand shows, all too often because we can learn valuable lesso

Can the government help in a recession?

Recessions spread. A minor downturn in one business spreads to its suppliers and then to their suppliers. Workers are laid off (or simply fear that they will be) and buy less, sp

Healthy recipes--with cost data

Want to eat a cheap, healthy diet? Want some recipes that use real food instead of packaged food products? Want to argue about how much it costs to feed a family a healthy diet?

Top 10 Tax Urban Legends, Myths and Rumors.

Hey, it's tax time again. If you've already looked at my other post on weird tax deductions , you'll know I like looking at the lighter side of taxation. [more]