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FOCUS: True Cost of US Wars Unknown - 0 views

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    When congressional cost-cutters meet later this year to decide on trimming the federal budget, the wars in Afghanistan and Iraq could represent juicy targets. But how much do the wars actually cost the US taxpayer? Nobody really knows.
Ian Schlom

Obama nominates Jacob Lew, budget-cutter and ex-banker, to head Treasury - 0 views

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    in the article: US President Barack Obama announced the nomination of current White House chief of staff Jacob Lew as treasury secretary Thursday, underscoring the administration's commitment to slashing entitlements and its domination by Wall Street. Lew, a longtime Washington operative and former Wall Street executive, helped negotiate cuts to Social Security with the Reagan administration in 1983, worked to slash social spending in the Clinton administration's Office of Management and Budget (OMB), and served as the Obama administration's point-man in budget-cutting negotiations with congressional Republicans. Prior to joining the Obama administration in 2009, he earned millions of dollars as the chief operating officer of Citigroup's Alternative Investments unit, which made bets against the housing market as it collapsed. Holy shit. That's maybe all one needs to read of this article. That's pretty ridiculous.
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