Recession’s Fatal Error

Debt and taxes: “Over the next four years, the ratio of U.S. government debt will rise to somewhere between 71% and 80% of GDP, up from 41% at the end of 2008. The 71% figure”, which is from the CBO, and likely...

Banks get $140 billion tax break on top of bailout money

In the blink of an eye, and on three little pages of a standard memo, the US Treasury Department granted the banking industry a $140 billion tax break on top of the $700 billion in taxpayer money being handed over...