The End of Debt: Where's the Money Going to Come From? [View article]
Great article, great comments. This country is in very bug trouble. Unfortunately, at least 90% of the citizens have absolutely no idea that this situation is in process.
I can't understand all the comments about language. Talk about going off on a tangent. Someone mentioned that the US has an advantage with all the cheap labor from Mexico, Texas, etc. What you may not know is that their labor pool pays little or no taxes-- either by working for cash or claiming 15 dependents on withholding forms. Then the female in the family and her children go on aid, and if one needs medical attention it is all paid for by medicaid. They receive benefits from a system they did not pay into. The consequences on our US debt are obvious.
At the end of a long list of comments this might never be seen. But I need to say that the idea that "we need these undocumented workers to do jobs that Americans won't do" is an idea that is not heard anymore. It was a bad idea anyway. Unfortunately, these persons-- most of whom did not pay into the various welfare support systems--- are now receiving financial rewards from these systems and thus adding to our national debt. This is the elephant in the room that no one wants to see. I work in health care industry, so I see this constantly.
Cash for Clunkers Coming Soon to Your Kitchen and Laundry Room [View article]
Sales tax in Chicago, Ill. is 10%, likely the highest in the country. Cook County Hospital ( now called John Stroger Hospital) states that 60% of its patients are undocumented, according to the hospital's CEO David Goldberg, M.D. Do the math!
The Congressional Bailout of Madoff's Investors [View article]
If the SIPC is going to reimburse Madoff investors, it should also reimburse GM bondholders, many of whom are much more financially damaged by how they are being treated compared the the Madoff investors.
Delphi: Judge Wants to See Other Bidders [View article]
I find this article very interesting since I face losing $100,000 in GM bonds as I see how the Obama managed GM bankruptcy is going. The $60 billion the government has given to GM so far would have been much better used if the treasury had simply paid $27 billion to the bond holders and $ 20 billion to the union--the 2 GM debt holders-- and thus avoided the GM bankruptcy with its hugh legal fees that do nothing to improve GM's financial competitive standing. Also, this would have saved the treasury $13 billion, not exactly chump change. There is a large accountability issue here, and it doesn't look like Obama is really saving/creating jobs for Main Street.
GM Common Stock Is Worth More than You Think [View article]
Does anyone know if the UAW workers still receive 70-90% of their wages when they just sit home during a lay off or plant shutdown? Did the recent UAW revised labor agreement now cancel this GM crippling policy? Surely this is a big part of GM's value going forward.
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