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thinkahol *

CAFR: US agencies have billions, trillions in investments while crying budget deficits ... - 0 views

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    Gerald Klatt and Walter Burien are unrecognized heroes. These individuals are national leaders who have communicated how government agencies conceal American taxpayers' money in surplus accounts that collectively total trillions of our dollars. The data is found in government agencies' Comprehensive Annual Financial Reports (CAFRs).

thinkahol *

The press nods as absurdity, lies prevail in the budget debate - 0 views

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    Would more accurate news coverage prompt Tea Party and Republican leaders to pay more attention to facts in their assertions about the economy? Maybe yes, maybe no. But, suggests Henry Banta, if the coverage continues at its present dismal level, we'll never find out.
thinkahol *

Has our bloated security budget made us safer? - National security - Salon.com - 0 views

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    The killing of Osama Bin Laden did not put cuts in national security spending on the table, but the debt-ceiling debate finally did. And mild as those projected cuts might have been, last week newly minted Secretary of Defense Leon Panetta was already digging in his heels and decrying the modest potential cost-cutting plans as a "doomsday mechanism" for the military. Pentagon allies on Capitol Hill were similarly raising the alarm as they moved forward with this year's even larger military budget.

    None of this should surprise you. As with all addictions, once you're hooked on massive military spending, it's hard to think realistically or ask the obvious questions. So, at a moment when discussion about cutting military spending is actually on the rise for the first time in years, let me offer some little known basics about the spending spree this country has been on since September 11, 2001, and raise just a few simple questions about what all that money has actually bought Americans.

    Consider this my contribution to a future 12-step program for national security sobriety.

    Let's start with the three basic post-9/11 numbers that Washington's addicts need to know:
thinkahol *

America's Shadow Budget - 0 views

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    Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?
thinkahol *

Deficit Cutters - Here's Your First Trillion | OurFuture.org - 0 views

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    Today the country is looking for ways to cut spending and borrowing. Yet military spending, the biggest spending item in the budget, is barely part of the discussion -- obviously because of the amount of campaign and lobbying dollars it generates.
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