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CBO says economy lost $11 billion during shutdown - CNN - 0 views

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    "Delayed paychecks, reduced working hours, and stalled contracts led to a loss of about $11 billion in gross domestic product over the five-week shutdown. About $8 billion of that will be recovered as workers return, but $3 billion or 0.02% of gross domestic product in 2019 will never be recovered, according to the CBO."
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World's 85 richest earn more than 3.5 billion poorest: UN - Business - CBC News - 2 views

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    "The 85 richest people in the world have as much wealth as the 3.5 billion poorest people, the United Nations said Thursday in a report that highlights the 1.2 billion people who live on less than $1.25 a day."
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Government makes $41.3 billion in student loan profits - 0 views

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    " it's a higher profit level than all but two companies in the world: Exxon Mobil cleared $44.9 billion in 2012, and Apple cleared $41.7 billion."
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    I agree with this. If the prices for college keep raising then nobody can afford to go to college. All the higher paying jobs require more schooling, but if you don't have a good job then you can't pay for college. It's a deadly cycle. I also think the government is always looking for more money and raising interest rates. That fact doesn't bother me as much as the fact that the money is being spent on public art, landscapes, and totally unnecessary costs. I think that if the money was given back to 'tuition-payers' then maybe people wouldn't care so much.
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    I think paying such high prices for college is outrageous. Many people come out of college thousands of dollars in debt and have no way of paying back that kind of money. We need people going to college to keep the United States a successful country, with well educated people.
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    College is getting more and more expensive by the years and sooner or later not many people are going to be able to go to college because of hwo much it cost, but if they do, they would probably be thousands of dollars in debt.
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Trump budget calls for billions for border wall with Mexico - 5 views

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    President Trump's discretionary budget plan set to be released Thursday reportedly includes a request for $2.6 billion in funding to begin planning and building a "physical wall" along the border with Mexico along with security funding. The Wall Street Journal reported that Tump will ask Congress for billions in new spending to be earmarked ofr immigration enforcement.
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    Trump thinks he'll be able to persuade mexico to build the wall. He's crazy for thinking that. Why would they want to help fund for the wall when they don't want be even leave the United States. There's no way he'll be able to persuade them.
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    I doubt Mexico will at all consider paying for the wall, it's just not their problem.
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    I doubt that Mexico will pay for it because Trump is the one who wants it up, not them.
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    What will Trump do if they refuse to pay?
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    I don't think Trump actually thought about what would need to happen to make his precious wall when he was campaigning. I think he was more focused on getting the position and making everything sound good and now that it's time to step up to the plate HE created, he's trying to find anyway to get the money needed to fill said plate. He wants to cut so many programs and he expects others to pay and he just has his expectation bar to high. The border wall he wants to make would take $21 billion dollars! That's a lot of money to raise and I just can't help but think, what are the consequences of the actions he's willing to take to make that money appear.
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    Who is going to pay for the wall?
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Americans Taxed $400 Billion For Fiber Optic Internet That Doesn't Exist | National Eco... - 10 views

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    "According to a fairly recent book (2015) called The Book of Broken Promises, the American people have been charged some $400 billion by telecom companies (at the instance of government) for fiber optic upgrades that have not materialized."
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    Huh okay.
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    I believe a better use of the money would be to use the $400 Billion directly to create the fiber optics and have the ISP's use those instead of just giving the money straight to the ISP's and trusting them to create a network of Fiber Optics and not put that money into their pockets.
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11% of the Military Budget Could Fund Enough Renewable Energy for Every Home in the US - 1 views

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    "Just 11% of the Pentagon's current $716 billion budget -- about $80 billion -- would pay to produce enough wind and solar energy to power every one of the 127.59 million households in the United States**"
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Presidential Campaigns Pass $2 Billion - 0 views

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    This is ridiculous. I think we should set a cap on how much money can be spent running for office, since (in my opinion) a lot of the money that goes into campaigns is wasted. My family has actually received multiple DVDs in the mail from a few different political parties (mostly Republican and Tea Party, I believe). When campaigning gets to the point where parties are paying for movies to be produced - one of them was about how Obama is a Communist - and paying for what is presumably thousands of DVDs to be mailed, something needs to be changed.
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    It goes to show how close of an election this is. I mean people are very in depth on who are next leader should be if they raised this much money!
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    I got one of these, I looked at it, and pretty just looked at the description. Who cares if his real father is a communist?
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Pentagon buried study that found $125 billion in wasteful spending - 2 views

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    A Defense Department study that proposed cutting $125 billion in administrative waste from the Pentagon budget was buried amid concerns the findings would give Congress an excuse to further slash defense spending, the Washington Post reported on Monday.
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Fully repealing Obamacare will cost $350 billion - 3 views

shared by Josh C. on 04 Jan 17 - No Cached
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    A full repeal of Obamacare would cost $350 billion over the next decade, according to a new analysis from the bipartisan Committee for a Responsible Federal Budget. This makes its wholesale dismantling much more complicated. Obamacare was carefully crafted in 2010 so that it didn't add to the federal deficit -- in fact, it boosted revenues slightly.
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    Of course this would cost so much because the money is in people's hands and getting it back, well that is hard. And with trumps new ideas this will cause some commotion with people. And with this it would cause an even bigger problem because he may be forgetting that we are still in debt.
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    Would it cause more problems if we did repeal Obamacare instead of not repealing it?
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    I personally don't think that it's worth all the loss of money, I think it's good to provide healthcare to those that can't afford to pay for it, and our country that's a large majority of our people. Although we should also look at whether or not it's costing more to keep it or to repeal it.
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    This seems like a good example of how Obamacare is viewed as a lot worse that it really is, how it supposedly is, "A waste of money," and, "Costing us more that it's worth." But there was actually some economic and political genius that went into forming the system, and it would be a poor decision to repeal it.
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    If we were to repeal Obama Care, it would hurt the country indefinitely, because of all the people who are on it, and the sheer cost of money would ruin the country, were already trillions of dollars in debt, so another $350 billion would not be doing any good. Now taking small actions to take some of it away would be a more suitable approach.
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    The problem with Obamacare is that it really hurts the hospitals, they have to manage money differently, meaning they have to cut peoples jobs and different programs because they can't afford to have it anymore. Which in the end will hurt the patients more because how are they supposed to get help if theirs not enough people working there to help them. I don't believe that cutting the whole thing is right, however i think that that Obamacare does need to have some changes.
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    If we took away Obama care it would hurt lots of people because they aren't going to have the help they need.
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    i think repealing it would be a terrible mistake because you just cant cut 20 million people out of insurnce.
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Amazon Will Pay Whopping $0 In Federal Taxes On $11.2 Billion Profits | Fortune - 2 views

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    "Those wondering how many zeros Amazon, which is valued at nearly $800 billion, has to pay in federal taxes might be surprised to learn that its check to the IRS will read exactly $0.00."
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Army Says No To More Tanks, But Congress Insists : NPR - 0 views

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    "Lawmakers from both parties have devoted nearly half a billion dollars in taxpayer money over the past two years to build improved versions of the 70-ton Abrams. But senior Army officials have said repeatedly, "No thanks.""
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    i think that if they keep buying more tanks that the military dont want or need is just going to put us in debt more and more then we will eventually will have to pay it all back.
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    They said that they didn't need the newer tanks, yet they go ahead and throw money out to fund the production of the newer models. Why don't they spend the money on military training, or other essentials that were also listed in the article. I just don't understand how it's "okie dokie" for them to do this if it's clearly unnecessary.
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    They don't have much of a choice. If they are given money for new tanks they cant spend it on anything else.
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Saudi Arabia Warns of Economic Fallout if Congress Passes 9/11 Bill - The New York Times - 1 views

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    " Saudi Arabia has told the Obama administration and members of Congress that it will sell off hundreds of billions of dollars' worth of American assets held by the kingdom if Congress passes a bill that would allow the Saudi government to be held responsible in American courts for any role in the Sept. 11, 2001, attacks."
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Rep. Larson wants Mexico to reimburse Texas for illegal immigrants - 0 views

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    SAN ANTONIO - State Rep. Lyle Larson is asking Mexican President Felipe Calderón to reimburse Texas for services the state provides to illegal immigrants. Larson, R-San Antonio, sent a letter to Calderón in late March. He wrote that Texas spends between $6 billion and $8 billion each year on illegal immigrants, including education, health care, housing and incarceration.
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BPI sues ABC News for $1.2 billion in defamation - 1 views

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    Interesting article. Another issue this causes which wasn't discussed in the article is how this will affect ranchers in SD. It's too late for them to cut back on breeding, and this could give some ranchers difficulties in selling their cattle. With how high the price of feed has gone this year, this could mean that SD cattle ranchers may see a serious drop in profit this year.
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U.S. secretly tracked billions of calls for decades - 0 views

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    The U.S. government started keeping secret records of Americans' international telephone calls nearly a decade before the Sept. 11 terrorist attacks, harvesting billions of calls in a program that provided a blueprint for the far broader National Security Agency surveillance that followed...
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Americans are spending $153 billion a year to subsidize McDonald's and Walmart's low wa... - 1 views

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    "On Tax Day it is a good time to take a hard look at the high public cost of low wages in the United States."
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U.S. deficit jumps 17% in 2018 - CNN - 0 views

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    "The deficit rose to $779 billion in fiscal year 2018, up 17% from last year, according to final figures released Monday by the Treasury Department. That's the largest number since 2012, when the country was still spending massively to stimulate an economy struggling to recover."
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So, what now? Here's what needs to happen to avoid a partial government shutdown - 3 views

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    "Senate Majority Leader Mitch McConnell is expected to schedule a vote Friday to begin debate on the House-passed CR, which includes the $5 billion for the border wall."
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