FUBAR

Ron Paul to tornado victims: Get insurance, not federal aid

Ron Paul to tornado victims: Get insurance, not federal aid

Libertarian Texas Congressman and Presidential candidate Ron Paul Sunday said victims of tornadoes that spread death and destruction across the  South and Midwest don’t deserve federal aid. Said Paul on CNN’s State of the Union: There is no such thing as federal money.  Federal money is just what they seal from the state sand steal […]

White House ignored warnings about solar company’s problems

White House ignored warnings about solar company’s problems

White House officials discussed the political ramifications of a possible default by a troubled solar energy company that received more than $500 million in federal loans, newly released emails show. Emails released Thursday night show that Obama administration privately worried about the effect of a default by Solyndra Inc. on the president’s re-election campaign. “The […]

Poverty among Americans at all-time high

Poverty among Americans at all-time high

The ranks of America’s poor swelled to almost 1 in 6 people last year, reaching a new high as long-term unemployment left millions of Americans struggling and out of work. The number of uninsured edged up to 49.9 million, the biggest in more than two decades. The Census Bureau‘s annual report released Tuesday offers a […]

Health insurance mandate ruled unconstitutional

Health insurance mandate ruled unconstitutional

A federal judge in Pennsylvania said the insurance-buying mandate in President Barack Obama’s health care overhaul is unconstitutional, the latest ruling over an issue likely to be taken up by the Supreme Court. U.S. District Judge Christopher Conner in Harrisburg said the Commerce Clause of the U.S. Constitution did not give Congress power to require […]

CIA opens New York probe

CIA opens New York probe

The CIA has opened an internal investigation into whether the agency broke a ban against domestic spying in its work with New York City police, top officials said Tuesday. Newly appointed CIA director David Petraeus, who took over the spy agency this month, said the probe by the agency’s inspector general would look at the […]

Is it government’s job to fix economy?

Is it government’s job to fix economy?

The economy needs to be fixed. On this, Democrats and Republicans agree. They part ways over how to do it and, specifically, what role the federal government should play. “Ultimately,” President Barack Obama tells Congress, “our recovery will be driven not by Washington, but by our businesses and our workers. But we can help.” His […]

Debt-ridden postal service looks to Congress for help

Debt-ridden postal service looks to Congress for help

The postmaster general is going to Congress to discuss the Postal Service‘s mounting debt. Postmaster General Patrick Donahoe is among the witnesses scheduled to appear Tuesday before the Senate Homeland Security and Governmental Affairs Committee. The Postal Service is facing a second straight year of losses of $8 billion or more. A decline in mail […]

Economic crisis threatens pension funds

Economic crisis threatens pension funds

Pension funds in developed economies are facing a new crisis as falling equities and tumbling bond yields widen their deficits, threatening the incomes and retirement dates of future retirees. At the heart of their problems is a steady move by pension plans in the United States, euro zone, Japan and the UK to cut exposure […]