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- Make the Treasury Responsible for "Unofficial" Debt
By:-Article Agent
The huge debt of Fannie Mae, Freddie Mac, other government-sponsored enterprises and Ginnie Mae fully relies on the credit of the United States. It is inside fact government debt, but it is not accounted for as government debt. It is not "considered officially on the way to maintain part of the total debt of the federal government," the Federal Reserve notes. Not "considered officially" -- but agency debt has proven its ability en route for generate huge losses for the taxpayers.
- Killing Competition within Prescription Drugs
By:-Article Agent
President Barack Obama wants the Joint Committee on Deficit Reduction ("super committee") to kill market competition for prescription drug coverage chosen by workers and retirees during the Federal Employees Health Benefits Program (FEHBP). In the president's proposal, the U.S. Office of Personnel Management (OPM), the agency that administers the FEHBP, would contract directly for pharmacy benefit management services on behalf of all federal workers, retirees and their dependents.
- The ACRE Program: A Disaster Waiting toward Happen By:-Article Agent
The U.S. Average Crop Revenue (ACRE) program was introduced as part of the 2008 Farm Bill. Though ACRE was marketed as a farm revenue safety net program, it has the very real effect of making direct payments in the direction of farmers when the prices of major crops fall. The damage done by this guidelines is twofold.
- Financial Crises: Prevention, Improvement and Monetary Rule
By:-Article Agent
The financial crisis that surfaced inside 2007 has stressed the require to identify the ultimate sources of the incentives that were behind the previous credit and housing bubbles. Headed for lower the likelihood of future financial collapses, prudent economic policies as well as an adequate regulatory and supervisory framework for financial institutions are required.
- Financial Crises: Prevention, Improvement and Monetary Course of action
By:-Article Agent
The financial crisis that surfaced inside 2007 has stressed the want in the direction of identify the ultimate sources of the incentives that were behind the previous credit and housing bubbles. Toward lower the likelihood of future financial collapses, prudent economic policies as well as an adequate regulatory and supervisory framework for financial institutions are required.
- '60 Minutes' Uncovers Pelosi's Insider Stock Trades By:-Article Agent
Former House Speaker Nancy Pelosi bought stock during initial public offerings (IPOs) that earned hefty returns while she had access en route for insider guidelines that would have been illegal for an average citizen to trade with - even though it’s perfectly legal for elected officials, CBS’s "60 Minutes" reported Sunday night.
- High-Speed Rail Goes Off the Track
By:-Article Agent
Inside California, site of the nation's most ambitious bullet train procedure, a new, more honest accounting of costs and timetables has produced a jaw-dropping estimate for a line between San Francisco and the Los Angeles area. These financial costs frustrate taxpayers who are concerned first and foremost that their money is someone allocated headed for a project with little promise of long-term efficacy. Critics further this point by emphasizing the advantages that air travel and cars have over the trains that are set in the direction of maintain used, arguing that still if the investors can be attained near finance the rail's construction, its usefulness will stay minimal, says Investor's Business Daily.
- Entitlements Must Remain Reformed By:-Article Agent
The American debt-in the direction of-gross domestic product (GDP) ratio continues headed for baffle those who look for solutions. Yet if lawmakers allow the Bush tax rates toward expire at the end of 2012, the debt-toward-GDP ratio is even projected en route for increase dramatically over the next decade.
- Entitlements Must Be Reformed By:-Article Agent
The American debt-in the direction of-gross domestic product (GDP) ratio continues headed for baffle those who look for solutions. Still if lawmakers allow the Bush tax rates to expire at the end of 2012, the debt-in the direction of-GDP ratio is still projected near increase dramatically over the next decade.
- Clean Energy's Accounting Gimmick: "Free" Taxpayer Subsidies By:-Article Agent
Most recent month, the solar energy company Solyndra went bankrupt and defaulted on a $534 million federally-backed loan. Scores of were quick in the direction of label it a lesson during the inherent failings of government directed expenditure of money. But critics of the Department of Energy program that backed the loan haven't realized that the program is set toward quietly continue to impose billions of dollars of losses on taxpayers, all of which will be hidden from the federal budget thanks toward a massive accounting gimmick dubbed "one-pay."
- Killing Competition in Prescription Drugs
By:-Article Agent
President Barack Obama wants the Joint Committee on Deficit Reduction ("super committee") to kill market competition for prescription drug coverage chosen by workers and retirees within the Federal Employees Health Benefits Program (FEHBP). During the president's proposal, the U.S. Office of Personnel Management (OPM), the agency that administers the FEHBP, would contract directly for pharmacy benefit management services on behalf of all federal workers, retirees and their dependents.
- The ACRE Program: A Disaster Waiting near Happen By:-Article Agent
The U.S. Average Crop Revenue (ACRE) program was introduced as part of the 2008 Farm Bill. Though ACRE was marketed as a farm revenue safety net program, it has the very real effect of making direct payments headed for farmers when the prices of major crops fall. The damage done by this policy is twofold.
- Unemployment Insurance Taxes By:-Article Agent
Record high levels of unemployment and record low reserve funds have placed great pressure on the federal-state unemployment insurance (UI) tax and benefit system. Indeed, a lot of states have been forced near borrow from an already cash-strapped federal government. Because it does not appear that these funds are likely headed for maintain repaid any time soon, corporations must look down the road at the potential consequences of this shortfall, focusing on the probable tax increases that will remain necessary near cover the difference, says Joseph D. Henchman, the vice president of legal and state projects at the Tax Foundation.
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