A repository for Marcospinelli's comments and essays published at other websites.

Fiscal Cliff Talks Will Likely Target Medicare, Social Security, Programs For The Poor

Monday, November 12, 2012


Canada is north, and Canada is no Russia.

When deposits at banks are guaranteed by the US government, i.e., the US taxpayer, they don't merit being regarded as private:

Bailout Recipients:
 
We're tracking where taxpayer money has gone in the ongoing bailout of the financial system. Our database accounts for both the broader $700 billion bill and the separate bailout of Fannie Mae and Freddie Mac.

For each entity, we provide a “Net Outstanding” amount, which shows how deep taxpayers are in the hole after accounting for any revenue the government has received (usually through interest or dividends).

Companies that failed to repay the government and resulted in a loss are shaded red. You can see a list of those investments here. All other investments either returned a profit to the government or might still be repaid. Recipients of aid through TARP’s housing programs (such as mortgage servicers and state housing orgs) received subsidies that were never intended to be repaid, so we don’t mark those as losses..

NoteSubsidies are listed separately from the investment programs. So, for instance, Bank of America is listed twice – both as a mortgage servicer and as a bank.

Want just the numbers all in one place? See the detailed view here.

Americans' shared resources (oil, gas, water, minerals, etc.) are being given away to corporations for the profits of a few.  There is no earthly reason why any private corporation should be stewards of and profit off of these limited and finite resources instead of the American people.  Even Americans' roads and bridges and highways and railways and other modes of transportation (what being free really is all about, the freedom to move about), developed and built with American taxpayers' money and labor past, are being privatized - Only the rich will be able to use them.  

Think, by the way, about other countries purchasing whole areas of Americans' roadways, privatizing them and populating those areas with their own nation's citizens.  That's already being discussed in some corners.  Do you want the Koch brothers owning them?
Read the Article at HuffingtonPost

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