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Musings on the Fed’s Payday Loans

April 19, 2011

This is the U.S. borrowing from the Feds to pay off a previous loan akin to rolling over a payday loan.

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One Week – 38+BILLION In Cuts, 50+ Billion in Interest

April 12, 2011

Thank you, Mister President. Thank you.

“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership.”

– Senator Barack Obama in 2006

What else did he say? (video after the jump)

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Wall Street, Banks, and Milkshakes? The Bailout Explained

February 20, 2010

The facts are that these things are happening.

“… The nation’s six largest banks — all committed to this balls-out, I drink your milkshake! strategy of flagrantly gorging themselves as America goes hungry — set aside a whopping $140 billion for executive compensation last year, a sum only slightly less than the $164 billion they paid themselves in the pre-crash year of 2007…”

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