U.S. Takes $9.7 Bil Hit in GM Bailout

President Obama loves taking credit for saving the American auto industry and this week a federal audit reveals that the rescue effort has fleeced U.S. taxpayers out of an astounding $ 9.7 billion. While this may seem inconceivable to most, the numbers don’t lie. The United States Treasury has recorded a $ 9.7 billion loss […]

Fed Agency Blows $793k on Promo Items

In a shameful example of how government squanders your tax dollars, a federal law enforcement agency blew hundreds of thousands of dollars on promotional items like neckties, scarves and lapel pins displaying its official seal. This inconceivable waste involves the U.S. Marshals Service (USMS), the Arlington Virginia-based law enforcement agency under the direct authority of […]

U.S. Taxpayers to Equip and Pay ‘Rebels’ in Syria

ShareThis U.S. Taxpayers to Equip and Pay ‘Rebels’ in Syria 02 Apr 2012 The United States and dozens of other countries moved closer on Sunday to direct intervention in the fighting in Syria, with Arab nations pledging $ 100 million to pay opposition fighters and the Obama administration agreeing to send communications equipment to help […]

Elite Criminal Cartel to Loot Taxpayers in the Name of Cyber Security

Shepard Ambellas | Recently there has been a string of malicious hacks on governmental websites suggesting one of two things. Either the attacks are legitimate and pose an actual treat to our national security from a cyber standpoint, or the attacks are staged in an attempt to further control and dumb down the general public […]

California Taxpayers Fund Sleep Treatment For Death Row Inmates

From: CBS San Francisco SAN QUENTIN (CBS 5) — One out of every four Californians has no medical insurance. But $ 2 billion in taxpayer money is being spent each year to provide medical care to California’s prisoners. Take the case of San Quentin prison. The state built a brand new $ 136 million hospital […]

Freddie Mac seeks further $6bn from taxpayers

By Shahien Nasiripour, FT.com Freddie Mac, the US-controlled mortgage financier, has requested an additional $ 6bn from US taxpayers, following a $ 4.4bn third-quarter loss, the company’s worst three-month performance in more than a year. The home loan group said more homeowners were falling behind on their obligations and it could not count on mortgage […]

Obama’s bus tour costing taxpayers thousands

By Mark Knoller, CBSNews.com If Mitt Romney, Rick Perry, Herman Cain or any of the other presidential challengers were to embark on a three-day bus trip like the one now underway by President Obama, it would cost their campaigns tens of thousands of dollars. Perhaps more. They would have to pay a variety of expenses, […]

US taxpayers could be forced to foot bill if Fed’s bailout of faltering Eurozone turns sour

ShareThis American taxpayers could be forced to foot the bill if Fed’s bailout of faltering Eurozone turns sour 18 Sep 2011 American taxpayers could end up footing the bill if the United States’ bailout of the faltering Eurozone turns sour… The biggest exposure could come from America’s status as the single largest source of money […]