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By Josh Ruebner Speaking before students at Northern Virginia Community College on February 13, President Obama unveiled his 2013 budget request, in which he proposed "some difficult cuts that, frankly, I wouldn’t normally make if they weren't absolutely necessary. But they are." These budget cuts are unavoidable, the President argued, because "the truth is we're going to have to make some tough choices in order to put this country back on a more sustainable fiscal path." In a sad commentary on the misplaced priorities of the Obama Administration, however, these "tough choices" will affect the delivery of basic services to U.S. citizens while the Israeli military hits the jackpot at taxpayer expense. |
Friday, February 24, 2012
2013 Budget: 'Difficult Cuts' for Americans, Jackpot for Israel
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Too Big To Jail Why did the Obama administration agree to a "robo-signing" settlement that barely punishes the huge banks behind the foreclosure crisis?
ReplyDeleteEarlier this month, the federal government and most states agreed to a $25 billion settlement with Bank of America, JPMorgan Chase, Citibank, Wells Fargo, and Ally Financial for carrying out fraudulent foreclosures on mortgages. The settlement will direct $20 billion toward mortgage relief for borrowers and $5 billion to the government. As Dennis Kelleher of Better Markets has argued, this deal is a complete sell-out to the financial industry.
http://www.slate.com/articles/business/project_syndicate/2012/02/the_robo_signing_settlement_won_t_help_homeowners_and_it_doesn_t_hurt_the_banks_.html