New York Post: “The cash-starved city is socking New Yorkers with a massive ticket blitz in a bid to pump an extra $80 million into its depleted coffers, records show. Reluctant to raise taxes publicly, the Bloomberg administration is pursuing a “stealth tax” — launching an unprecedented squeeze on Big Apple residents and [...]
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Phoenix is $242 million in the red, but that number does not include the $300 million it owes on the $600 million new and expanded Phoenix Convention Center. Arizona Republic: “City Manager David Cavazos proposed shutting down senior centers, libraries and sports complexes, and laying off hundreds of police officers and firefighters for [...] Bloomberg: “Harrisburg, the capital of Pennsylvania, will consider Chapter 9 bankruptcy protection along with tax increases and asset sales as options to address $68 million in debt service payments due this year, the chairwoman of a City Council committee said last night. . . . The $68 million in debt service payments that [...] Wall St. Journal: “The federal budget deficit has long since graduated from nuisance to headache to pressing national concern. Now, however, it has become so large and persistent that it is time to start thinking of it as something else entirely: a national-security threat. The budget plan released Monday by the Obama administration [...] Washington Times: “The era of big government has returned with a vengeance, in the form of the largest federal work force in modern history. The Obama administration says the government will grow to 2.15 million employees this year . . . . Most of the increases are on the civilian side, which will [...] Arizona Republic: “Phoenix shoppers could soon be paying more for their vegetables, milk and bread. City Council members on Tuesday are expected to approve a 2 percent sales tax on food items to help close the city’s $241 million budget deficit through June 2011. The tax would take effect April 1. . . [...] Remember last week during his state of the union address when President Obama’s left hand said he had cut tons of taxes? Well today President Obama’s right hand wants to taketh what the left hand giveth. Bloomberg: “The Obama administration wants to increase taxes on Americans earning more than $200,000 by almost $970 [...] A lot of politicians and pundits are grossly misinformed about the deficits during the Bush era, the actual deficits in 2009 and estimated deficits through 2019. The following chart prepared by the nonpartisan Congressional Budget Office shows the night and day budget deficit difference between the two administrations. When you look at the [...] It’s easy to see why New York City has a $4 billion deficit. New York City bureaucrats are idiots. Years ago the teachers’ union negotiated a deal with the NY Department of Education where teachers who were fired were not actually fired, but sent to the “rubber room” to sit for 7 hours [...] MercuryNews.com: “State Controller John Chiang issued a stern warning Friday about California’s cash reserves, telling legislative leaders and Gov. Arnold Schwarzenegger they must act on nearly $9 billion in budget cuts the governor is seeking by March — or the state will run out of cash to pay its bills. Without making those cuts — [...] reason.com: “In April 2008, The Orange County Register published a bombshell of an investigation about a license plate program for California government workers and their families. Drivers of nearly 1 million cars and light trucks—out of a total 22 million vehicles registered statewide—were protected by a ‘shield’ in the state records system between [...] Boston Globe: “Since December 2007, when the current downturn began, the ranks of federal employees earning $100,000 and up has skyrocketed. According to a recent analysis by USA Today, federal workers making six-figure salaries – not including overtime and bonuses – ‘jumped from 14 percent to 19 percent of civil servants during the [...] Liberty Works: “ObamaNomics is built on the assumption that politicians are better stewards of economic resources than the millions of individuals and business enterprises who created those resources. The Democrats’ plan is to dramatically increase taxation to fund programs through which government can exert greater control over our lives. But these data [...] The Tax Foundation’s study estimates that to eliminate the federal deficit, tax rates for couples filing joint returns in 2010 must more than double. The following list shows income levels, current marginal tax rates and the increased marginal tax rates needed to erase the deficit. $0 to $16,750 increase from 10% to [...] Tax Foundation: “Federal income tax rates would have to be nearly tripled across the income spectrum if Congress were to close the deficit in fiscal year 2010, according to a new report from the nonpartisan Tax Foundation. Instead of taxing joint filers with rates ranging from 10 percent to 35 percent, tax rates [...] The Volokh Conspiracy: “describes how most of the NATIONAL DEBT and BUDGET DEFICIT is being FRAUDULENTLY HIDDEN by the OBAMA ADMINISTRATION. . . . Look only at the outstanding debt of these five TARP companies (out of over 600 of them). Citigroup has $1.8 trillion in debt; AIG, $807 billion; Fannie and Freddie, [...] |
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