From the category archives:

government/federal agencies

Federal Government Plays Superman, Puffs Out Chest and Swears to Save the Country

17 September 2008

Imagine this scenario: I am a voracious spender, some would say reckless. I rack up tons of debt buying Jimmy Choo shoes (a good investment, I’d say), new furnishings for my house and iTunes. When I reach my limit, I panic. My friends panic. My family panics. But all [...]

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Congratulations! YOU saved Fannie Mae/Freddie Mac!

9 September 2008

The federal takeover of the Fannie Mae and Freddie Mac – some call it the “nationalization” of the mortgage industry – is finally happening. Congrats to you, John and Suzy Taxpayer! You did it!
Oh yeah, it couldn’t have happened without your tax dollars. The takeover comes at a cost of $200 billion [...]

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Surprise! Your tax dollars are being wasted!

9 April 2008

A report by the Government Accountability Office (GAO) has found that there is (gasp) waste in government spending.
Over a fifteen month period from 2005 to 2006, the GAO found that nearly 41% of credit card purchases – in the amount of $14 billion – were not billed out according to procedure. For purchases over [...]

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