Posts tagged as:

bailouts

Obama Rescues States With Shadow Bailouts and Interest-Free Loan Extensions

February 9, 2011 · 3 comments

in Obama, Obama Effect, US economy, bailout, bankruptcy, debt, government, news and updates, politics, stimulus, unemployment

Now we know that a whopping 32 states are officially bankrupt, and that apparently, the US government has been engaged in shadow bailouts of these states, i.e., “giving them money under the table.”
In addition, all that money that states borrowed from the Federal government in order to continue to pay unemployment benefits?  Now they won’t [...]

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Which 18 States Are NOT Bankrupt Yet

February 9, 2011 · 1 comment

in 2011, US debt, US economy, bailout, bankruptcy, collapse, debt, living in US, market reports, moving to U.S., news and updates, unemployment

The Economic Policy Journal recently released a list of U.S. States that are officially bankrupt (i.e., insolvent).  These states are receiving SHADOW BAILOUTS from the federal government.  As Zero Hedge puts it, “one can only wonder how many other shadow programs are currently in operation to fund states under the table with federal money.”  He [...]

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Other Names for the Redistribution of Wealth

July 13, 2010 · 5 comments

in George Soros, bailout, charity, economics, gifts, philanthropy, stock exchanges, terminology, wealth, wealth transfer

U.S. public discourse especially, particularly during election seasons, as we saw in the primaries leading up to Obama’s election, makes a lot of fuss with the phrase “the redistribution of wealth.”
Those using the phrase seem to intend it to refer to some type of “Robin Hood” scenario, where some guy steals from the rich in order [...]

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