California pension woes exacerbated by botched appointments.
The repair costs have risen from $870 million to $1.1 billion and taxpayers should not be surprised if they rise still higher.
Whatever his performance on regulations, the president has failed to eliminate any federal agencies, however useless they might be.
Until the California Bullet Train project is canceled, the one thing that can be guaranteed is that its cost will grow even higher than the $77 billion it is slated to cost taxpayers today.
HHS must reimburse states for unlawfully compelling them to pay the Affordable Care Act’s Health Insurance Provider Fee (HIPF).
DOJ appears eager to hand out millions of taxpayer dollars to just about any group that wants it.
President Obama says “We expect taxpayers will get back all the money my administration has invested in GM.” As I write, GM is planning an initial public offering of stock (IPO) to raise money to pay back “...the money [President Obama’s] administration invested...” As an aside, I do like the way the president takes...
Read More »
Tags: Bailouts, corporate welfare, Corporatism, Corruption, Economics, Ford Motor Company, General Motors, Government subsidies, initial public offering, IPO, Labor, Mercantilism, Nationalization, Obama bailout, Politics, Presidential Power, Privatization, Social Security, Socialism, taxpayers, UAW, United Auto Workers
Much has been made in recent weeks about the fact that the GM bankruptcy agreement moved the government’s claims to GM ahead of bondholders with secured debt. Had GM gone through typical bankruptcy proceedings the bondholders would likely have ended up owning more than half of GM, not the 10 percent they actually got....
Read More »