Social Security to start cashing Uncle Sam's IOUs
By STEPHEN OHLEMACHER
Associated Press Writer
PARKERSBURG, W.Va. (AP) -- The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.
It's time to start cashing them in.
For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits - billions more each year.
Last Updated: February 24. 2010 12:07PM
DPS privatizing bus service
Plan saves financially strapped school district $50 million; 289 drivers to lose jobs
Tom Greenwood and Oralandar Brand-Williams / The Detroit News
http://detnews.com/article/20100224/SCHOOLS/2240342/1026/DPS-privatizing...
Detroit -- Detroit Public Schools' move to privatize bus service for thousands of students will mean nearly 300 drivers will lose their jobs with the district, but savings of about $50 million over five years.
http://www.timesonline.co.uk/tol/news/uk/article7038550.ece
so now the Head elitist in charge wants to spend a BILLION dollars on a brand spankin' new british embassy??
Really Barry? Is that a wise move given the state of your country's economy?
Why not just give the queen another Ipod and the newest copy of Ghostbusters you can find and see if they'll lease us some space.
On Friday February 12, 2010, 7:03 pm EST
http://finance.yahoo.com/news/State-Budget-Woes-A-Drag-On-ibd-483598023....
As Washington works to rev up the economy and spur hiring with yet another dose of stimulus, state and local governments are busily applying the fiscal brakes.
Tax hikes, spending cuts and layoffs top the agenda as states continue to wrestle with severe budget crises that largely can't be deferred by borrowing.
Zachary Roth | February 3, 2010
http://tpmmuckraker.talkingpointsmemo.com/2010/02/mcconnell_raised_big_b...
http://www.pbs.org/moyers/journal/02052010/watch2.html
Over the past two months I have received many calls from constituents objecting to the new $20 late vehicle registration fee that was implemented by House Bill 2, the biennial transportation budget. When this fee was first brought to my attention during the debate on HB 2, I had to admit that I was perplexed. I already thought it was illegal in the state of Ohio to operate a motor vehicle with expired tags.
General Motors offers incentives to Toyota owners worried by recall
Bring in a Camry, for example, and get $1000 off this 2010 Chevrolet Malibu LT.
By GM, Wieck
General Motors launched a campaign today to give Toyota owners worried about the ongoing recall over sticking gas pedals extra incentive to consider buying a GM vehicle.
http://content.usatoday.com/communities/driveon/post/2010/01/general-mot...
http://www.opensecrets.org/politicians/industries.php?cycle=2010&cid=N00...
Totals
Sector Total PACs Indivs
Agribusiness $27,436 $25,446 $1,990
Communications/Electronics $12,500 $11,000 $1,500
Construction $4,000 $4,000 $0
Defense $0 $0 $0
Energy & Natural Resources $14,500 $12,000 $2,500
Finance, Insurance & Real Estate $23,150 $19,000 $4,150
Health $6,000 $3,500 $2,500
Lawyers & Lobbyists $3,250 $500 $2,750
Transportation $21,000 $21,000 $0
Misc Business $16,050 $9,000 $7,050
Labor $3,000 $3,000 $0
Ideological/Single-Issue $6,000 $6,000 $0
If Toledo is in such dire straights why don't Mayor Bell go after Carty for the the money
he cost the city to settle the lawsuits? Bell is putting everything else on the table including
raising taxes. Carty had a lot to do with creating this budget mess in the first place.
Also, there is still some fat that can be cut, namely Board of community relations. This is just a racist department that no longer belongs in this city or in our society.
From the Financial Post:
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Plans for Sunrise call for a steam-assisted gravity drainage project, where steam is pumped into the earth to loosen up the tarry bitumen in the oil sands so it can be pumped to the surface in wells.
Husky and BP also co-own a refinery in Toledo, Ohio, which is targeted for US$2.5-billion of retooling work so it can run the oil sands-derived crude.
Behind the Counter Program
■All Post Offices are now participating in the Behind the Counter program. To be in compliance with this program, you must continue to keep Mover’s Guide copies behind the counter so that they are inaccessible to customers without the help of a retail associate.
http://www.usps.com/cpim/ftp/bulletin/2010/pb22276/html/updt_006.html
they want customers to file online and pay the 1$ fee !
January 14. 2010
Obama wants banks to pay for auto bailout losses
David Shepardson / Detroit News Washington Bureau
http://detnews.com/article/20100114/NATION/1140433
http://wheels.blogs.nytimes.com/2010/01/11/a-spot-of-tea-vs-a-plea-for-m...
The White House wants the nation's largest financial institutions to repay taxpayers for the costs of bailing out banks and automakers.
Under the proposal, the largest 50 banks -- including GMAC Inc. -- would pay $90 billion over 10 years to cover taxpayer losses under the $700 billion Troubled Asset Relief Program.
Multi-billion dollar debt looms without plan to repay
COLUMBUS—State Representative Barbara Sears (R - Sylvania) today opposed legislation to place the renewal of the Third Frontier initiative on the May ballot, citing that increasing spending during the recession will put Ohio farther into debt.
Tuesday, January 12, 2010 — The American Red Cross has pledged an initial $200,000 to assist communities impacted by today’s earthquake in Haiti, and is prepared to take further action as local responders assess the situation.
On Tuesday, January 12, less than one hour before sunset, a 7.3 earthquake struck Haiti near the capital of Port au Prince, causing catastrophic damage and loss of life.
· Initial estimates are that up to 3 million people may be affected.
You can pick up and read the story in El Tiempo.
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El Tiempo Article Kevin Milliken
Former TPS Administrator Ordered Probes of Private Citizens Investigations Occurred at Taxpayer Expense
The former business manager at Toledo Public Schools hired a private investigation firm at taxpayer expense to look into the backgrounds of five people who were private citizens at the time, including three people who would eventually be elected to the TPS board of education.
Pick up this week's El Tiempo for the story.
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El Tiempo Article Kevin Milliken
COLUMBUS— One year to the day House Democrats took the majority, State Representatives Jarrod Martin (R-Beavercreek), Seth Morgan, CPA, (R-Huber Heights), and Gerald Stebelton (R-Lancaster) summarized the 2009 legislative year as time of unfunded mandates on schools and damaging funding cuts to poorer districts, charter schools, e-schools and Catholic schools.
I am including Marcy's name on the tag because some of these donors show up on her lists.
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A retired Florida couple would appear an unlikely source to have given $83,000 in campaign donations over a five-year period to members of Congress from all over the country.
Both in their 80s, they lived in a $118,000 Daytona Beach house they didn't own; they each voted only twice since 1992; and they seemed to lack the financial means to make the contributions.
http://washingtontimes.com/news/2009/dec/23/lobbyists-kin-unlikely-campa...
The Toledo Journal is reporting online that Carty insulted blacks, and one of his top aide's confrims this!
The Journal is reporting that Mayor Finkbeiner made insulting remarks about black men and probably about black women. Mayor Finkbeiner turned down a recommendation to hire a black man because he would be "crucified" if he had two minorities serving as co-directors of the city's Youth Commission.
One has to wonder why Marcy complains about China owning a bunch of our debt when she 1. gets 3.5 billion to vote yes on cap-and-trade, 2. raises the debt limit to continue to finance out-of-control spending. But who ever said she made sense? Bob Latta does not support raising the cap, below is his reason.
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WASHINGTON- Congressman Bob Latta (R-Bowling Green) made the following statement today after voting against H.R. 4314, a bill that increases the limit of public debt held by the United States to $12.3 trillion.
